Chapter 886: Assets Soar
When the Bank of Bahrain was taken, on the American side, Philip Brothers was the first to be acquired.
The new Philip Brothers Company has only two shareholders, the Galaxy Fund and the Chemical Bank of New York.
Among them, the Galaxy Fund holds 67.7 percent of the shares, and the New York Chemical Bank holds 32.3 percent of the shares, and the Galaxy Fund still has an absolute controlling stake.
The reason why the company was able to retain its absolute controlling stake was that the losses of Philip Brothers in the futures market were too large, and after the New York Chemical Bank replaced the Coca-Cola Company with an equivalent value of $407 million, the replacement of futures contracts accounted for only 31.2 percent.
Then combined with the equity originally acquired by both parties, asset integration and redivision of equity, it became the current result.
Of course, it is worth mentioning that the equity of Philip Brothers held by Galaxy Fund is obtained by Jiuding Securities Company except for the capital obtained after the injection of futures contracts.
Although the two companies are Xia Yu's private companies, the employee bonuses of different companies are linked to the company's performance, so the brothers also have to settle the accounts.
Relying on the short sale of Philip Brothers, Jiuding Securities Company has lost $827 million in the whole process, and now Toby Morton is figuring out how to use the money wisely to invest.
After the work of Jiuding Securities Company ended, Xia Yu focused on the Galaxy Fund.
Time passed slowly, and before you knew it, it was the end of August.
Throughout August, apart from the U.S. election and the liquidation of futures and spot contracts, the only thing worth his attention was the mainland meeting on August 26.
That meeting can be said to be another important node in the reform and opening up of the mainland, and it was decided to establish special economic zones in four cities, including Pengcheng.
On the same day, Xia Yu also specially gave some instructions to his think tank in Xiangjiang.
August 31.
Xia Yu's companies have finally emptied all copper and aluminum futures and spot contracts, and combined with the report cards submitted by various companies and groups, Xia Yu finally knows the full results of this futures battle.
Among them, the copper market earned a total of US$2,311 million, the futures market earned more than US$1,287 million, and the spot market benefited US$1,024 million.
The aluminium market far outpaced the copper market, earning US$3,637 million, of which the aluminium futures market earned US$1,462 million and the spot market earned US$2,175 million.
Copper and aluminum market revenues totaled US$5,948 million and are on the verge of surpassing US$6 billion.
However, these are only paper gains, and in fact there is not so much liquidity.
The reason for this is that a large number of futures contracts were used to hedge against Philip Brothers and the Bank of Baring, essentially becoming equity and assets in these two companies, and of course a part of it was replaced by an equity interest in Coca-Cola.
The liquidity that really remained in Xia Yu's hands was $4.41 billion.
Only Xia Yu knows these data, and each team and each company only knows their own data.
And not all of this money is in the United States, except for less than a billion dollars in the United States, other funds have long been in the process of trading with the next family, into international accounts, either in Swiss banks, or have been transferred to Jiuding Bank or Chiba Bank.
Xia Yu's assets skyrocketed again.
After reading all the data in the office, Xia Yu locked the report cards in the safe, and then called a meeting of the top management of the Galaxy Fund.
Five minutes later, in the conference room.
Xia Yu had a kind smile on his face, his eyes swept over everyone's faces, and he saw Song Yang, Xue He and others all smiling and full of energy, and everyone looked at Xia Yu from time to time with reverence and reverence.
Xia Yu knew that this time the futures war covering the whole world had made these subordinates get a transformation, and the overall situation and anti-pressure had been greatly improved.
"Smack!"
Seeing that everyone had arrived, Xia Yu applauded lightly, and the conference room was quiet for a moment, and everyone's eyes converged on him.
Xia Yu cleared his throat and said with a smile: "Okay, let's start the meeting now." ”
"The success of this operation is inseparable from your hard work, which I see in my eyes. ”
"Since I have meat to eat, I can't starve you, and every one of you here will not be less than two million dollars in prize this time!"
"Thank you boss!"
"Follow the boss to have meat to eat!"
"Boss atmosphere!"
Everyone cheered immediately, and all faces were filled with excited smiles.
Two million US dollars, converted to Hong Kong dollars, is more than 9 million, and this is still the lowest case.
Combined with the bonuses from previous investment projects, this means that they will have at least 10 million Hong Kong dollars in prize money this year, how can this not make them excited?
The boss really shot the atmosphere!
Xia Yu smiled and watched everyone cheer.
He has already calculated that the bonus of this futures war is estimated to be about 60 million US dollars, which includes all employees, not just these executives sitting here.
But even if it is 60 million US dollars, it is only equivalent to about one percent of what he won this time.
His bonus ratio is already extremely low in the financial industry.
However, this is also a special situation, after all, in the Galaxy Fund, Xue He and Song Yang are only senior employees, not partners of the company, and the proportion of bonuses cannot be high.
If it is according to the proportion of tens of percent of the commission in the financial industry, then Xia Yu will be bleeding profusely, Xue He and others take too much money, but it is easy to have extra thoughts.
Fortunately, the situation of the Galaxy Fund is special, and Xue He and others are also self-aware, knowing that the most critical factor in victory is the boss Xia Yu, and the credit is basically the boss's, they just try their best to implement the boss's decision.
Moreover, this action is not limited to the Galaxy Fund, they are all executives of the Galaxy Fund, and at most they know the income of the Galaxy Fund, and they do not know that Xia Yu has benefited nearly six billion US dollars.
It was about two minutes before the room fell silent again.
Xia Yu spoke up again: "The bonus is still according to the old rules, and it will be paid at one time at the end of the year, and no one can hack the bonus that belongs to you, and those employees who joined the company later may not know the situation, you have to do a good job of explaining." ”
Hearing this, everyone nodded in unison.
"So now to start the next meeting process, there are two things that are very important for the company, let's talk about the first thing. ”
"Song Yang. ”
Hearing the boss Xia Yu call his name, Song Yang immediately sat up straight, bowed slightly to Xia Yu, then looked at the manuscript paper in his hand, and read aloud: "In this futures war, our company has one more subsidiary, that is, Philip Brothers Company, according to the boss's instructions, the merger and acquisition has not yet been completed, and we also need to assist Philip Brothers Company in acquiring a company, this company is familiar to everyone, it is Salomon Brothers Company." ”
"According to the latest investigation, although Salomon Brothers closed in time, it is too difficult to escape from the futures market in the later stage, and it is also on the verge of bankruptcy, but because the advanced copper futures and aluminum futures markets have signs of falling, as long as Salomon Brothers bears it, it is likely to escape. ”
"According to the boss's instructions, all difficulties should be solved within a month, and the Philip Brothers company should wholly acquire Salomon Brothers......"