January 12, 2015.
on Monday.
Lin Feng was finally free.
Yun Luan, Liu Zangyun and Jiang Xiaofei have been going to Xiaoli for more than half a month.
First, a small life company was registered and established, named Fengyu Zhushi Company.
After the company was established, it then wholly acquired a small business called Mingyang Metal.
This company has been established for decades and was relatively profitable at the beginning.
But later, as the machines aged and the production capacity decreased, the Americans were brutally ripped off in the futures market.
It has been at a loss for the past few years.
Due to consecutive years of losses, the company was delisted a year ago.
With poor profitability and owing a large amount of money to the bank, I was on the verge of bankruptcy at any time.
The shareholders on the board of directors changed several times, and later everyone understood that the golden chicken that used to lay eggs has now become a gold-eating beast.
The more you invest, the more you lose.
After Yun Luan established Fengyu Club, he first fell in love with this company.
The two sides hit it off immediately.
Yunluan acquired all the shares of Mingyang Metal for US$2 billion.
After Lin Feng received the document from Yun Luan, he looked at it carefully.
This company acquisition plus debt repayment cost nearly 3 billion U.S. dollars, which is obviously not worth it. This is a premium acquisition.
If you want this company to come back to life, at least another two billion dollars will have to be invested.
The company's management also needs to be overhauled.
The shortcomings of Mingyang Metal are: first, the machines are old and the production cost is too high.
Second, employees' wages are too high and management is chaotic.
You must know that in the workplace in the early days, the phenomenon of seniority ranking is very serious.
In addition, the company was overseas and hired too few people locally, so it encountered resistance from others.
If you start mining on someone else's territory but don't use their people, they will definitely have objections.
Lin Feng understood very well that this was actually a way of colonizing Xiaoli.
Let’s look at the minerals that Mingyang Metal currently owns, which are distributed in more than 30 locations around the world.
There are gold mines, copper mines, silver mines, nickel mines...
Most of them are precious metals, and the output is expected to be high.
If we invest another few billion dollars and reorganize our management, we will be able to make a profit within two years.
There is no problem in getting the money back within five years.
At this time, the energetic young man hired by the company had already flown around the world and became the general manager of the local branch.
At the same time, a large number of new machines are purchased, more local workers are hired, and only some small-time employees with excellent technical skills are retained.
Because there are too many employees in the early days of dismissal, some people are already making trouble.
Lin Feng is not here to do charity. These people are living a small life to support their old age.
Fengyu Zhu's Club is just a springboard built by Lin Feng in his childhood.
Convenient for next step planning.
Compared with Han Guo, the chaebols in Xiaoli are just as powerful, and they also control Guo Jia's economic lifeline.
Because of the existence of chaebols, it is more convenient for Americans to manage. This is the same as during World War II, when they supported various puppet forces in their daily lives.
Lin Feng was sitting in the yard thinking.
Suddenly the phone rang.
It was Zhao Xiaoyang who called and told Lin Feng that he was detained again.
The reason was that Aso Ryokichi came to their chief official to put pressure on them.
I want to take this simple fight to another level.
It's also Zhao Xiaoyang's bad luck.
When I was shopping with my two girlfriends Wang Yu and Yu Yanni, I happened to bump into Aso Ryokichi coming out of the mall. ŴŴŴ.BIQUGE.biz
At that time, Aso was so angry that he almost vomited blood.
His son was still lying in the hospital, and the murderer who almost beat his son to death was so free!
"How did Wang Yu and Yu Yanni get to play together?"
Lin Feng asked curiously after listening to Zhao Xiaoyang's account.
Wang Yu is not a generous woman.
Zhao Xiaoyang was stunned for a moment. Is this off topic?
It took a few seconds to realize, "I'm not sure about this, I only know that Wang Yu found Yu Yanni first, and then the relationship between the two became as good as sisters.
We, we had fun together..."
Before Zhao Xiaoyang finished speaking, Lin Feng interrupted him, "You don't need to tell me this in detail, but I want to remind you that Wang Yu has some tricks, don't let her fool you."
"I know, brother."
"Don't worry! Aso Yoshiki will soon be unable to jump up."
…
Aso Yoshiki could hardly stand up.
Because the company's gold futures will face huge losses.
London's gold futures market has a daily trading volume of US$20 trillion, which is difficult to control.
But New York gold futures in the United States are different.
Aso Yoshikichi invested in New York gold futures.
With the insider Yang Huairi, Aso Yoshiki should buy or sell short, when did he buy it, what was the price, etc.
It was clear to Lin Feng.
Lin Feng placed a large number of short orders. According to the current price, Aso's losses have reached one billion US dollars.
And the price of gold futures is still falling.
During the contract period, most orders have been closed.
In the end, Aso Ryoshi is left, and a small number of bulls are still struggling to hold on.
There are still three days until the final delivery date.
Aso finally knew who placed so many empty orders.
It turns out to be Mingyang Metal, which is qualified for spot delivery!
This company was acquired by Lightspeed some time ago and is now Fengyu Co., Ltd.
After learning about Minyo Metal's family background, Aso Ryoukichi smiled.
Because the contracts in hand, including leverage, total more than 12 billion US dollars.
He did not believe that Fengyu Co., Ltd., which acquired Mingyang Metal, could come up with more than 300 tons of gold at one time.
If he cannot get the physical goods on the delivery day, he will have to pay him at least US$1.5 billion in liquidated damages.
On the contrary, because he is long, the contract in his hand is higher than the market price.
If Fengyu could come up with spot delivery, Aso Yoshiki certainly wouldn't be able to come up with that much money.
However, regardless of being forced to close the position or breaching the contract, you will lose no less than US$1.5 billion in liquidated damages.
Of course, this is just the contract in Aso's hands.
If you include the orders in the hands of other institutional investors, Fengyu Co., Ltd. will have to put out more spot gold.
It is estimated that it is no less than 500 tons.
Only 500 tons!
For Lin Feng, it is no problem to double it 20 times.
Moreover, using futures to buy and sell gold is much more cost-effective than selling at market price.
As long as you have enough spot stocks in hand, if you go short, you will not lose money no matter what.
This is also a common practice of many futures manufacturers to prevent product prices from plummeting.
Such as precious metals, corn, soybeans...etc.
Because physical prices plummeted, the money lost was made back in the futures market.
If it rises sharply, the rising price of the physical object can offset the losses of short orders.
Of course, if you have too much appetite and place short orders far exceeding your own spot inventory,
If it cannot be made up on the delivery date, the only option is to breach the contract and pay liquidated damages.
Just when Aso felt that he would not lose money this time and would make a lot of money, he suddenly received a call.
It's a call from the futures exchange.
The other party was prepared to trade in spot and asked Aso to prepare banknotes.
With more than 12 billion U.S. dollars, even if Aso Yoshikichi turned himself into a golden man, he would not be able to sell it for so much money.
The futures exchange will not deceive Aso.
This proves that people can indeed mobilize so much gold.
Regardless of spot or liquidation, you will lose 1.5 billion US dollars.
Big loss this time!
Biquge
