Chapter 95: Insider Trading!

(Some readers thought it was too much for Jia Lei to buy a steel mill for only $7.34 million, so the author decided to write a real-life case of a fertilizer plant at the time of privatization.) It's all true except for the time and place.,Change the time and place to match the protagonist.。 )

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"Why do you know the chairman of the asset committee?" asked Director Gardowski in surprise.

"I've only met him once, so I don't know each other. However, I have already asked a friend to say hello to the people of the privatization committee GKI in advance, and no one will ever photograph the steel plant today. The capital verification is just an excuse for me, and if it doesn't bother those competitors, I'll have to find another way. Jia Lei said.

"So you're going to say hello to me, pull me out and make a show, and take that foreigner away?" asked Director Gaildowski.

"Yes, as long as he's not stupid, he can figure out that he only has 20 percent of the shares, and he can't compete with the two of us. Jia Lei said.

"Fortunately, there is only one foreign investor interested in the steel plant today, and if there are a few more strong competitors, we will be in danger today!" said Director Gairdsky, who wiped the cold sweat on his head after listening to Jia Lei's words.

"How can there be such a lucky thing! The reason why the powerful enterprises did not come was because all the oil and water enterprises in Eross had already been allocated in Moscow, and the Chelyabin Iron and Steel Plant was allocated to me! Jia Lei sneered.

"What do you mean by that, what do you mean it's allocated?" asked Director Geldarsky, puzzled.

"Didn't you notice that some of the most famous banks in Moscow didn't come to today's auction?" Jia Lei asked him with a smile.

"I'm also curious about this, after all, Menajet Bank likes resource-based companies like ours the most, and it has already acquired many similar companies in Moscow. Director Geldarsky nodded.

Menajet's privatization of the masses was of a widespread, thin-harvest nature – they generously promised to buy everything from titanium and magnesium factories near Moscow to textile mills, glass factories and even food processing enterprises.

Because the prices of these factories are set at the lowest level, as long as one of them makes money, no matter how much he buys, he will not lose money!

"The banks didn't come because I told them I wanted the Chelyabin steel plant, so they gave up. I have 5% stakes in Mejep Bank, Union Bank, Alfa Bank and Capital Savings Bank, and I am a partner with them. They will still give me a face for this little thing!" Jia Lei said confidently.

"Oh my God, how the hell did you get on these big banks?" asked Director Geldarsky in surprise.

"My identity is a noble you can't imagine! To put it mildly, I have a lot of contacts on both the military and political sides of Russia, and you don't have to worry about how I got on them, you just need to help me manage the steel plant!" Jia Lei said.

"Of course, the steel mill is mine now, and of course I'll take care of it!" said Director Gairdsky, patting his chest.

"Do you know where you went wrong?" Jia Lei asked him suddenly.

"I don't understand what you're saying, what's wrong with me?" said Director Gairdsky in a cold sweat behind his back.

"Where did that Louis come from, do you have to tell me? You have to remember that the biggest shareholder of the Chelyabin Iron and Steel Plant is me and not you! It is a steel plant that belongs to us, not to you. I can remove you from your position as factory director at any time!" Jia Lei warned him.

"Okay! I remember!" said Director Gairdsky, in a cold sweat.

He shouldn't think that Jia Lei is easy to bully at a young age!

I hope you don't make that mistake next time. The amount of money that Louis owes to the steel mill is before I bought the steel mill, so I will not pursue it. If this happens next time, you'll have to explain it to God, understand?" Jia Lei said threateningly, gesturing around his neck.

"Okay! I remember!" said Director Gairdsky, a sweaty nod.

If he had known that Jia Lei's backer was so hard, Director Geldarsky would never dare to play tricks under Jia Lei's nose.

"I'm disappointed in you about Louis, so I'm going to send a financial director and other managers to the steel plant, don't you object?"

As the largest shareholder of the factory, you can send anyone you want into the factory!" said Director Gairdsky, who did not dare to object.

"Since you don't object, then the matter is settled! My men will go to the steel mill in two days to check the accounts, and I hope you will prepare the accounts in advance, and I don't want any errors in the account books." Jia Lei said.

"Okay! I see, boss!" said Director Gaildowski.

"No, you don't need to call me boss! We are partners, have you forgotten?" Jia Lei asked him with a smile.

"It's a partner for us......" said Geldarsky, the factory director, relieved, not having to call the boss to a child to rejoice.

"It's time, boss, we need to get out of here!" said Pete, glancing at the watch on his wrist.

"I see!" Jia Lei nodded and said.

"Jia Lei, where are you going? Aren't you going back to the factory with me to participate in the celebration ceremony?" asked Director Gairdsky in surprise.

"I'm rushing to another auction right now, and I'm afraid I won't have time to join you in the celebration. Jia Lei said.

Then he hurried to the auction hall next door, where an auction of a state-owned fertilizer factory was being held.

"Since Jia Lei, the director of the Gairdskyi factory, dares to play tricks behind your back, why don't you just get rid of him?" asked the little Jew.

"Who will help me take charge of the steel plant if I fire him? Besides, the director of the factory Gerdasky still has at least 20 percent of the shares of the steel plant, and even if I dismiss him, he will still be the majority shareholder of the steel plant! I will not set up an enemy for myself because I am angry, it is not worth it. Do you understand?" said Jia Lei.

"Then you're going to put up with it?" asked the little Jew in disbelief.

"What if I can't bear it? I can't fire Director Gerdarsky and his subordinates entirely? How can I find so many people to manage such a large steel plant in their place at one time? Besides, Director Gerdasky has a lot of contacts in the local area, and he has a good relationship with the coal mines, iron ore and other raw material suppliers, and my relations are all in Moscow, and in Chelyabinsk he is not at all as good as a local snake, and it is much more useful to keep him than to fire him. Jia Lei explained.

"Then is that what you have to say, why don't I get someone to teach him a lesson?" asked the little Jew again.

"Harmony is the most important thing in business, and I still expect him to make money for me, what should I do if you break him? My purpose is just to make money, and I don't care about the control of the factory. I'll just take care of the factory's finances, and I'll talk about it...... Do you think it's a good thing for me to make him the factory director?" Jia Lei raised his eyebrows and gloated.

"What do you mean by that?" asked the little Jew, puzzled.

"Come here, I'll tell you secretly. Jia Lei hooked his finger to the little Jew and said, the little Jew glanced left and right and put his ear to the thief.

"The factories in the former Soviet Union, like our state-owned enterprises, eat big pots, and there are many people and related households in the steel mills who are not needed. If a new foreign boss had laid off a large number of workers at the steel plant as soon as he took over the plant, he would have been resented by the workers of the whole plant, and this kind of offending thing should of course be done by the director of the factory. After he fires the redundant people in the steel plant and puts the production and management of the factory on the right track, let's settle accounts with him?" Jia Lei said.

"Good idea, but how long will it take to get the steel mill on track?" asked the little Jew.

"At least three or five years! After all, the situation in Eross is unstable, and the steel plant is not suitable for big moves in the short term. Jia Lei thought about it and said.

"Three or five years, that's too long, isn't it?" asked the little Jew in surprise.

"Soon, as the old saying goes, it's never too late for a gentleman to take revenge for ten years!" Jia Lei said.

"Stained! Jia Lei, I found out that you are really a profiteer, and if anyone offends you, it will definitely not end well! I don't think you will let him go if you don't squeeze the last bit of use value out of Director Gaildsky, right?" asked the little Jew.

"What's wrong with the profiteers? Haven't you heard of no businessmen and no traitors? If you weren't traitorous enough, you'd have been eaten and wiped clean in the mall! Besides, the director of the factory Geldarsky is not a good man, and he also remembers me all the time. Jia Lei said.

"You're right! neither of you are good people!" said the little Jew with a nod.

While the two were chatting, the auction hall arrived.

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There were many state-owned enterprises that were auctioned off during the privatization period, so when Jia Lei auctioned the steel plant, other companies were also sold in the auction hall next door, and Jia Lei is now coming to this hall to auction 20% of the shares of Apadit, a large state-owned fertilizer company in country E.

"Are you here to bid?" asked the policeman at the door.

"Of course yes, I'm bidding on behalf of Blackstone. Jia Lei identified himself and said that the other party carefully checked Jia Lei's identity before letting him in.

The auction hall of the Apadit company is much quieter than that of the steel mill, because there are only four companies bidding on the auction.

Strangely, the other three companies were all guarantors of Menajet Bank, and the chairman of Menatiep Bank at that time was none other than Jia Lei's friend Khodorkovsky.

The auction went well, with Mr. Jia and three other companies competing fiercely for Mr. Apadit, and Mr. Jia bought a 20 percent stake in Apadit for $1 billion.

"Jia Lei's $1 billion, where did you get so much money?" asked the little Jew as soon as he came out of the auction hall.

"Since you know that I don't have so much money, what are you asking? Didn't you tell the answer?" Jia Lei tilted his head and asked.

"What? you don't have any money! What are you holding up your cards?" asked the little Jew frantically.

"You don't have to worry about that, I must have a point in doing this, saying you'll find out tomorrow. Jia Lei said.

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The day after the auction, something unexpected happened, Jia Lei actually informed the privatization committee that he had insufficient funds and wanted to break the contract!

When the little Jew heard the news, he couldn't close his mouth in surprise, but he soon heard even more shocking news.

The three highest bidders, including Jia Lei, all reversed course and refused to buy the Apadit fertilizer plant. As a result, the lowest bidder won the bid with a low price of only $210,000.

Although the company had promised to inject $283 million into Apadit, the company was really having fun compared to the maximum bid price of $1 billion.

"Jia Lei, tell me quickly, what the hell is going on?" asked Jia Lei.

"It's not a big deal, it's just insider trading, this fertilizer factory has long been circled by Menajet Bank in my name, and I went to the auction just to help them fill up the numbers, and to repay personal favors!" Jia Lei said lightly.

"You helped them save a billion dollars under this guise, and this favor is still great. The little Jew said dumbfounded.

"Do you think the Cheli Yabin Iron and Steel Plant is cheap? The steel plant I bought is worth at least one billion and eight billion US dollars!" Jia Lei said with a sneer.

Of course, the auction of the fertilizer plant did not stop there, and it turned out that all the promises made by the company that bid for the fertilizer plant were dead letters.

Every time the company makes a payment, the money is returned within a day. And the company has since become several companies, and it is almost impossible for the government to recover the shares of the fertilizer plant.

When Jia Lei heard what happened, he wondered if Menajet Bank, as the guarantor of the entire acquisition, was bitter about his dereliction of duty, or secretly rejoicing.

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(The author went to the hospital today to take care of the patient, this chapter was written in the hospital and on the bus, there may be a bit of a typo, and the update is late! Please forgive me! So I wrote an extra 800 words for the free word count!)