,!
"Mr. Liang and Chairman Du will use me as a spare tire. They are a bit ungrateful!"
The shrewd Sun Jian could see at a glance that the capital injection agreement between Liang Zhongtao and William Du used his reputation and US$225 million in capital to treat him as a takeover and tied him to the sinking ship of Peregrine, with evil intentions. , his favorable impression of Liang Zhongtao suddenly dropped a lot, and the businessman's cunning nature was fully exposed.
In his previous life, there were many articles on the Internet that boasted about Liang Zhongtao, placing all the blame for Peregrine's bankruptcy on William Du! There are also articles analyzing the reasons for the bankruptcy of Peregrine, which hit the nail on the head. The Asian financial crisis was only an external cause. The internal cause was that after William Du and Liang Zhongtao became rich, villains got their way, burned bridges, rushed for quick success, fought for power, and internal management was chaotic, which led to Li Jiacheng, Hu Yingxiang and other Xiangjiang big names. The rich man was very disappointed with the two of them. No one was willing to rescue him. Even the SAR government was unwilling to rescue him and would rather let it go bankrupt and liquidate!
In the previous life, it was no one else’s fault that Peregrine went bankrupt!
The shrewd Liang Zhongtao and Du William looked too young to play such a little trick in front of the second-generation Sun Jian!
The bankruptcy of Peregrine was an opportunity for Sun Jian to make a fortune, but he would not add fuel to the flames, take advantage of the situation, break the law, and try not to do anything that was against the moral principles of the world. He had no quarrels with Liang Zhongtao and William Du.
According to the course of history, as long as he doesn't interfere, Peregrine will go bankrupt sooner or later!
"I'm sorry, Mr. Sun!"
Liang Zhongtao was hit hard by Sun Jian and was so unceremonious that his cheeks immediately heated up and he apologized quickly!
"Mr. Liang, according to your company's 1996 annual report and the recently announced financial statements for the first ten months of 1997, your company's net assets were HK$6.69 billion at the end of March 1996. By the end of October 1997, only 3.3 billion Hong Kong dollars, net assets have been reduced by more than half, and the ratio of liabilities to net assets has increased from 261% in 1996 to 524.8%. It is an indisputable fact that your company’s financial situation continues to deteriorate! If my guess is correct, Indonesian Rubber Company owes you The repayment deadline for the company's US$260 million loan should be due soon, but your company did not mention this loan that was about to expire in the financial statements of October 1997? US$260 million is equivalent to HK$2.015 billion. Once it becomes a bad debt , your company’s net assets are less than HK$1.3 billion, equivalent to US$167 million, and your net assets per share are only HK$2.09. Your company’s losses this year are inevitable. How will your company’s stock price of HK$7.35 be supported?”
When the Asian financial crisis broke out, Sun Jian knew that Peregrine was in danger. Sun Jian had an idea, but he did not tell Wang Dongming and other subordinates. He collected public information and market rumors about Peregrine from the Internet.
In 1996, Peregrine's operating income increased from HK$4.238 billion in 1992 to HK$175.524 billion, an increase of 4041.67%, and its total assets reached HK$24.2 billion. In August 1997, its market value reached a maximum of HK$11 billion, making it a Hong Kong-based company. The largest independent investment bank headquartered in Asia (excluding Japan), in the past five years, it has been among the top five in the Hong Kong securities market in terms of trading volume.
Peregrine is known as the leader of local securities companies in Hong Kong and the leader in bond issuance in Asia. The company's every move often appears on the front page of the media. It is also a listed company in Hong Kong with 33 constituent stock indexes in the Hang Seng Index. Any investor can Read each other's annual reports and semi-annual reports online. Since the Asian financial turmoil, Peregrine has often issued clarification announcements, and they often appear in the daily Hang Seng Index futures analysis reports written by Wang Dongming.
In a previous life, Peregrine suddenly went bankrupt and was liquidated, causing the Hang Seng Index to plummet. Japanese and other Asian stock markets and the U.S. stock market were not spared.
According to the 1996 annual report, Peregrine has 29 branches in 16 Asian countries, as well as 6 international branches located in London, New York, San Francisco, Munich, Zurich and Bahrain, with 1,790 employees, including stock products. The department has 1,060 employees and 9 financial licenses!
Just 35 branches and 1,790 investment talents are a huge amount of rare resources. Liang Zhongtao and Du William have spent nearly 10 years of hard work.
It is false that Sun Jian, who is not short of money, is not tempted, but once he acquires it in advance, it will cause a butterfly effect. After Peregrine goes bankrupt and liquidates, and then fully acquires it from the hands of the liquidator, it will not only save acquisition funds, but also reduce the number of steps. Quite a few mines.
Liang Zhongtao personally came to help, and Sun Jian couldn't turn him away, but he would not be a white knight or a successor, let alone a wedding dress for Liang Zhongtao and Du William.
Sun Jian understood what Liang Zhongtao and Du William were thinking when they didn't come to ask for help immediately.
In business, interests come first!
"Mr. Sun, Chairman Du and I are also most worried about the US$260 million loan owed by the Indonesian Rubber Company to the company. The deadline for repaying the loan has not yet come, but the paper cannot stop the fire. Once the news is announced, the Swiss Zurich Group and The First National Bank of Chicago terminates the agreement and withdraws from the subscription, other banks stop lending, Peregrine’s payments will stop, a credit crisis occurs, the stock will be suspended, there is no other way but bankruptcy, this is why I came to Jiangcheng to ask Mr. Sun for rescue s reason."
According to Xiangjiang company management regulations, serious financial fraud will be sentenced to jail. Their reputations will be ruined. Liang Zhongtao and William Du, who are not short of money, will not test the law. However, the deadline has not yet come, and they can delay it for one day. They hope that the Asian financial crisis and The stock market has taken a major turn for the better.
On November 16, in the capital injection agreement signed between Peregrine and the Swiss Zurich Group (ZCI), the other party stipulated two terms in the subscription conditions: first, ZCI will be satisfied with the results of further due diligence; second, from the announcement date to There have been no significant changes in Peregrine’s operating conditions or markets on the subscription date.
The subscription terms signed by Peregrine and First National Bank of Chicago are the same as those of ZCI.
Sun Jian was very clear about Peregrine's assets and could see Peregrine's Achilles' heel at a glance. He was worthy of being the richest man in the world, so Liang Zhongtao did not dare to continue playing tricks on him.
"In your opinion, Mr. Liang and Chairman Du, do the currencies of Southeast Asian countries continue to depreciate?"
Liang Zhongtao finally told the truth, and Sun Jian's attitude towards him became much better.
"Mr. Sun, Chairman Du and I made serious mistakes in our previous judgments. Now we both believe that in order to get out of the Asian financial crisis as soon as possible, Southeast Asian countries will compete to devalue their currencies in order to expand their export scale."
Liang Zhongtao understood that this was Sun Jian's test of his and William Du's ability to predict the financial market, so he could only tell the truth.
In the financial market, if you predict the trend wrong, no matter how hard you try, it will be in vain!
The chief global strategist is the top investment talent of every investment company!
"Since both Mr. Liang and Chairman Du know that the currencies of Southeast Asia will continue to depreciate, the large number of fixed-rate bonds held by your company will be significantly impaired. If the Indonesian Rubber Company's US$260 million loan is overdue, the Zurich Group of Switzerland and the First National of Chicago will If the bank terminates the capital injection agreement, your company’s stock may fall below HK$5!”
Sun Jian was not just talking nonsense, this was something that had happened in his previous life.
