Chapter 309: Windfall
Zhang Fan frowned, glanced at Richard, thought about it, and nodded, "Okay." ”
The two got up and left the living room to go to the office inside. Richard warmly invited Zhang Fan to sit down, and then walked to the wine cabinet: "Mr. Zhang, what do you need to have? ”
"Just come to the whisky. Zhang Fan has no hobby for red wine. After all, he is an Oriental, and in addition to participating in banquets, Zhang Fan never drinks red wine.
After Richard brought the drink, he began to talk to Zhang Fan about some boring topics such as the weather. And Zhang Fan was not in a hurry at all, after all, this was Richard who had something to ask for himself, and he didn't need to take the initiative to say something.
After chatting for a while, Richard finally turned to the topic: "Mr. Zhang, I wonder if you are interested in Disney stock?"
"Huh?" Zhang Fan instantly lowered his eyelids. His interest and ambition in Disney is known only to a few people. And these people will not take the initiative to publicize it. What does Richard mean by this?
"Disney has been doing a bad business lately, and I've heard that their stock price has fallen so much. Zhang Fan took a light breath, "Maybe now is not a good time to buy Disney stock." ”
"Huh. Richard laughed a few times, and then said, "We happen to have a part of Disney mortgage stock here at this time, I wonder if Mr. Zhang is interested in taking over?"
"Huh?" Zhang Fan raised his eyebrows in surprise, "What's going on?"
Here's how it happened. Christopher suffered heavy losses in the futures market due to the rise in the international gold price. Not only did he lose his own net worth, but even the Disney company that was fooled into the market by him also followed into bad luck.
Christopher's futures contract with Disney was delivered a few days earlier than Zhang's. Christopher, who completely lost and also deceived Disney, has no other choice. After the contract was settled, looking at the arrears bills, the once glamorous Disney executive finally had to desperately find the most beautiful model, drink the most delicious wine for a night, and then jump off the top floor of the hotel.
Christopher is relieved, his assets have long been lost, and the debt naturally cannot be repaid. But Disney is running, and such a big company is here, and there is nowhere to go if you want to.
After losing all the leverage used by Disney, not only the principal is gone, but even the bank arrears cannot be repaid.
Disney's market capitalization is indeed enough to pay these arrears, and it is more than enough. But Disney's money is all fixed assets and stock prices, where can you get cash? But what do banks want your fixed assets and stock prices to do? They just need cash.
This matter is actually a embezzlement of the company's public funds, once it is exposed. None of the executives who made this decision were able to run away. Not only do you have to make up for this loss, but you also have to go to jail!
In this case, Disney's shareholders who were cheated by Christopher can only choose to find a way to use their own shares to pay off the arrears. Otherwise, Citibank would not be polite to them, and would definitely ask the court to enforce it.
In addition to scolding Christopher, these hapless shareholders had no choice but to pay some of their shares to Citibank at a price lower than the equivalent to compensate for the arrears.
And Disney's stock has been falling recently, and I don't know how long this matter can be hidden, sooner or later it will be exposed. At that time, Disney will inevitably be in turmoil, and the value of these stocks will definitely shrink.
Citibank instructed Richard to immediately turn the shares back into money equivalent to Disney's arrears and interest, or Richard himself would be held responsible. Richard couldn't have done anything to Citibank, and if he couldn't, he would be unlucky.
"How much?" Zhang Fan nodded and asked aloud, "How many shares did they give you in return?"
"Twelve .7 percent. Richard explained out loud that "it includes all of Christopher's personal shares and the repayment paid by Disney." They said they would be able to buy it back within two years at most. ”
"Since you can buy it back, what are you looking for me to do?" Zhang Fan glanced at Richard, looking displeased.
The bank refused. Richard smiled wryly, "It's useless for us to ask for stocks, what banks need is cash flow." As long as they have the money, they can buy it back at any time. If there is no money, then we will sell it to anyone. ”
"Judging from Disney's current stock market, it is estimated that it is not easy to sell. Zhang Fan laughed, "How much does it cost?"
"Five billion, as long as five billion dollars. "Richard gets excited" Mr. Zhang also makes movies, and owning a stake in Disney will definitely be good for your career. ”
Not to mention, Richard's vision is still good, and he knows that Disney is very important to Zhang Fan. It's just that the price is not fair.
Disney's stock is now worth about $40 billion, and 12.7 percent of its shares are no more than $4.5 billion. And Richard opened his mouth to ask for 5 billion, is this to treat himself as a wronged leader? Seeing that he has just made a lot of money, he can't wait to pounce on it and bite a few bites?
"I can't agree to this. Zhang Fan shook his head slightly, "Disney's current market value is not so high, and I am equivalent to spending hundreds of millions of dollars more to buy these stocks." Instead of that, I might as well go to the stock market and buy it. ”
Zhang Fan: This is a sophistry, after all, if such a large share of shares is purchased in the market, it will inevitably cause stock price fluctuations, and the price spent may be even higher than now. And buying so many shares will inevitably cause alarm on Disney, which will have an impact on his plans. The reason why Zhang Fan said this was mainly for bargaining.
Richard smiled wryly. The price he offered was indeed a little higher, and it was the businessman's instinct to make more money. However, this price is still fair for the bank. After all, Disney's shares are not junk company shares, and there are still people who want them.
It's just that Citibank has limited time to smooth out this matter for him. In a short period of time, it will be difficult for him to contact someone strong enough to eat these stocks. And those people will bargain too. The most important thing he lacked now was time, and he didn't have time to waste haggling. There is no way to resist the order of the bank's top management, and once the time is up and the matter is not handled properly, the unlucky person must be himself.
Don't look at Richard, who has helped many clients manage their investments, and has handled hundreds of millions of huge funds. But the money is from the customer, or from the bank. He himself doesn't have much money on his own. If Disney's mortgaged shares can't be sold for the amount they owe to the bank, the gap must be filled by himself. Where did Richard get all this money to fill this hole? He didn't want to jump from the top floor of the hotel like Christopher's bastard.
At this time, in Richard's opinion, the person most likely to take over Disney shares at a high price is Zhang Fan. After all, Zhang Fan has just made a lot of money now, and he is fully capable of taking out this money. And Zhang Fan is also in the film industry, which can be regarded as a peer with Disney. Buying shares of peers is not a cross-border investment.
"How much is Mr. Zhang willing to pay?" Since Zhang Fan was not fooled at all, Richard had no choice but to talk about business in a matter-of-fact manner.
"Forty and a half billion dollars is fine. Zhang Fan hooked the corners of his mouth and laughed. A figure that he considered acceptable was issued.
“...... I'm sorry, Mr. Zhang. Richard's face was full of helplessness, "I really can't accept this price." ”
"I'll tell you the truth. Richard sighed and decided to have a showdown with Zhang Fan. After all, Zhang Fan is the most suitable and most likely person to help him solve this trouble before the bank's deadline, "Disney's entire debt to Citibank is $4.8 billion. If these debts can only be sold for forty-five billion, then the amount of the vacancy will have to be filled by myself. I just can't come up with that much money. ”
"How much can you pay?" Zhang Fan asked directly.
"Huh?" Richard was stunned for a moment, then nodded, "I can only use a maximum of eighty million dollars of personal funds." Most of my personal assets are stocks or fixed assets, and I want to discount ......"
Zhang Fan didn't wait for Richard to finish speaking, and directly interrupted him: "Then I will pay 4.72 billion US dollars to get these shares." These shares do not need to be directly linked to my name, they are all transferred to the name of the offshore fund. ”
The reason why Zhang Fan chose this price was to make Richard suffer. betrayed his intelligence in private, and went to Disney with Christopher. How can this kind of guy do without suffering a little. As for the transfer of shares to the name of the offshore fund for confidentiality, Zhang Fan did not want to expose his ambitions for Disney so early.
Richard's face froze, he didn't expect Zhang Fan to do this. This is clearly trying to trick yourself.
It's just that Richard has no other choice now. Citibank gave him too little time to find people and companies that were genuinely interested in Disney. If he doesn't agree to Zhang Fan's request, he will be unlucky. If he agrees to Zhang Fan's request, he will have to pay 80 million US dollars himself!
Richard now regrets very much in his heart, regretting that he met Christopher, this scumbag. As for the two of them playing very well when they went out fishing together, and when they called each other brothers, he had already forgotten all those things at this time. The only thing left in my mind was that I was miserable by this bastard.
Richard had no choice but to agree to the request for a method. After all, this is the best, and the only way out for him, in comparison.
Zhang Fan unexpectedly acquired 12.7 percent of Disney shares for $4.72 billion. This is a real bonus. 7110