Chapter 698: The Morgan Family

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After more than three years of construction, the facilities of Taoyuan Resort have been very perfect. Centered on the core lodging, recreational, and recreational areas of the Central Valley, due south and southeast are the 'Baixiang Garden' composed of 12 valleys, including Zaohua Valley, Sangu Valley, and Purple Coconut Valley, as well as the 'Grape Growing Area' composed of Lei Valley, Red Valley, and Bicolor Valley, plus the 'Tea Growing Area' composed of 'Green Fragrance Valley' and 'Hongfang Valley'.

To the southwest, there is the Folin Hill, the museum, and the 'Twenty-Four Flower Garden', which is under construction and is still far from completion.

Due west is the Qinghe River, the Wangjiawan Folk Area, the Ginseng Garden, and the 'Xiancao Garden' under construction.

The three directions of northwest, due north and northeast are natural scenery and wildlife parks, and Fuxian Lake, Deer Park, Shenjianfeng, Laolongtan and Bamboo Bear Valley are all in these three directions.

Due east, from the central valley to the outside, there are top residential areas such as Zhuxiu Valley, Yingke Valley, Plum Valley, Langu Valley and Ju Valley, plus comprehensive entertainment and leisure areas such as horse farms, golf courses and outdoor tennis courts. However, these places are not open to the public, but only serve the top wealthy people who are vacationing in the mountain resort. It can not only meet their requirements for privacy, but also increase the income of the lodge.

In the afternoon, after Wang Zheng changed into loose casual clothes, he took Wang Qian to the golf course located in the valley. In this valley of about four or five hundred acres, there is not only an excellent lawn, but also a superb natural scenery, mountains, lakes and springs, in the sunny summer, exude an intoxicating emerald color. The rich vitality makes the person who sees it feel the long-lost vitality bursting out of the body.

The only thing that is a little annoying is that the summer afternoon sun becomes extraordinarily hot and hot on people. Of course, four o'clock is a good time, and the sun, although hot, is not as unbearable as one or two. Moreover, the dense woods and sapphire-like rivers and lakes also effectively weaken the heat of the sun.

"Boss, they're coming!"

Wang Zheng nodded, stood up from the rattan chair near the lake, and after putting on a friendly smile, he greeted the middle-aged white man who was walking down from an electric car, with a graceful and majestic temperament, and deep blue eyes with a long-term wisdom in the world.

"Mr. Morgan, how was your rest last night?"

After holding Wang Zheng's outstretched right hand, Andre Morgan smiled and nodded.

"It was amazing. Mr. Wang's accommodation and facilities are not inferior to those of the Presidential Suite in a five-star hotel... Oh yes, and the food is especially amazing. ”

"It is a real privilege to receive such praise from Mr. Morgan. As the words fell, Wang Zheng turned his gaze to the young and gentle-looking white man standing behind the elder Morgan.

"John, I was a little reluctant to lose to you in that golf game last year. Today is a good opportunity, let's compare again!"

John Morgan smiled, and instead of holding Wang Zheng's outstretched hand, he stepped forward and gave him a more fervent hug.

"King, my friend. Although we have a good relationship. But I never let out water in a game. ”

patted little Morgan on the back, and after letting go of each other, Wang Zheng smiled: "This is exactly what I want to say to you!"

"You two, don't forget me. I'm also very good at golf!"

Old Morgan's fun made the atmosphere more lively. In the case of intentional closeness to each other, the relationship is naturally more harmonious.

After talking and laughing with each other, they took the club from the hand of the waiter next to them and started playing.

18 holes of golf with simple rules. It depends on who uses the least number of strokes after the fight, and who wins. Of course, playing golf is only a means, and the real goal lies in the communication between the two parties in the process of playing.

"Bang...!"

With Wang Zheng's swing, the white golf ball crossed a graceful arc and fell towards the hole more than 20 meters away. When the three of them walked over together, little Morgan, who received his father's eye cue, asked with a smile: "Wang, as far as I know, Mr. Buffett has been living with you since February?"

A gleam flashed in Wang Zheng's eyes.

"That's right, Mr. Buffett likes the scenery of Taoyuan Villa, and we have a good conversation. In Huaxia's words, we belong to the 'New Year's Friend'!"

Little Morgan nodded, "Mr. Buffett is indeed a very wise and kind old man. I've had many conversations with him. … However, my friends in Hathaway said that they are working on a plan to invest in your 'Tao Yuan Kee' and Maxim's Gourmet Group?"

Wang Zheng glanced at him, smiled and nodded, "Indeed, we are planning to accept Hathaway's investment. ”

"Are you willing?" Little John narrowed, "Taoyuan Kee and Maxim's Food Group are both the most promising enterprises in the catering industry. ”

"If I had a choice, I would certainly not share two companies with outsiders. However, Tao Yuen Kee and Maxim's Food Group have completed the layout in Asia, and the next key development objects are Europe and the United States. Mr. Buffett and his Berkshire Hathaway company, perfect fit!"

"Mr. Buffett and Hathaway are really good partners to work with. But I think the strength and influence of the Morgan family in Europe and the United States are more suitable for the development of 'Taoyuan Ji' and 'Maxim's Food Group'!"

After listening, Wang Zheng's eyes quickly swept over the side and was silent, as if all his attention was on the golf in front of him, and he understood in his heart that the other party obviously handed over the opportunity to communicate and negotiate with himself to his son this time, not only considering cultivating a successor, but also having the idea of leaving a 'way out' for negotiations.

Once he and little Morgan 'don't speculate', the old Morgan, as a father, will definitely stand up.

However, Wang Zheng is not too much for himself. He didn't think that he would be able to cooperate with this old fritter father and son from the beginning. Of course, he didn't plan to make too many detours.

"Of course I understand the strength of the Morgan family. However, Mr. Buffett and his Hathaway company are willing to sell Kraft Heinz to Time Holdings and support our acquisition of Time Warner. … John, it's hard for me to refuse such a temptation. ”

John Morgan paused, and although he quickly returned to normal, he understood from his slightly messy steps that Wang Zheng's words had a great impact on him.

"Wang, the expansion of a business requires a lot of capital. Kraft Heinz and Time Warner did not help much in the development of 'Taoyuan Ji' and 'Maxim's Food Group'. On the contrary, we at Morgan can provide them with financial support and provide legal assistance when they enter the European and American markets. I think this is even more important for 'Tao Yuan Kee' and 'Maxim's Food Group'. ”

Wang Zheng smiled faintly.

"John. Money, for me is not lacking. And, even if I need money, a mortgage is far easier for me to accept than an investment. As for legal support.... Hehe, Tao Yuan Kee and Maxim's Food Group are just ordinary catering companies, and the obstacles they encounter in entering the European and American markets are enough to solve the problem with Mr. Buffett's decades of business connections. Moreover, I am not ignorant of the European and American markets. … It's your turn!"

Looking at his golf ball at his feet, John Morgan nodded, took a deep breath, took a brief aim, and hit it with a 'bang'. But this shot was undoubtedly out of par and too far from the hole. But it's understandable, when you're upset, no one can play well even in what you're best at.

After glancing at Old Morgan, who still didn't plan to participate, Wang Zheng didn't say much.

"Wang, since you don't intend to get Morgan's support, why did you invite me here?

"Of course not. After Wang Zheng played his golf ball, "JPMorgan Chase is a world-class banking and financial services company, so I invited you to come over just to discuss the previous $13 billion loan." ”

Of the US$13 billion loan, $8 billion was loaned by Wang Zheng in 2015 when he acquired Wharf and East West Bank. The remaining 5 billion yuan was the money borrowed by Zhao Defang when he bought East West Bank, using the shares of Wheelock Group as collateral. Later, after Wang Zheng annexed all the properties of the Zhao family, he did not do too much, and after ensuring the livelihood of the descendants of the Zhao family, he also took over the repayment responsibility of the $5 billion loan.

Because the $13 billion is a five-year bullet loan, during this period, although Wang Zheng's companies are highly profitable, they only repay $13 billion in annual interest.

"According to the contract, the loan was due to be repaid in 2019. ”

"Yes. But the contract doesn't stipulate that it can't be repaid in advance!" Wang Zheng said indifferently.

John Morgan frowned slightly. In exchange for other corporate loans, he naturally hopes that the other party can pay off early. But Wang Zheng is clearly an exception. Whether it is Taoyuan Holdings or Wharf, they are both large enterprises with huge profits and bright prospects. Once the other party pays off the loan, JPMorgan Chase will lose nearly $1 billion in interest income each year.

$1 billion is not a small number, and many multinational companies can't make such a high revenue in a year.

After noticing his son's eyebrows and thinking about countermeasures, old Morgan, who had not spoken, spoke.

"Mr. Wang, as far as I know, whether it is Taoyuan Holdings, Times Holdings, or other companies under your umbrella, they have all expanded rapidly in the past three years. Hundreds of large and small companies in banking, insurance, trust, chemical, shipping, catering and other industries have been acquired. While companies are just as profitable in the process, they also cost tens of billions of dollars. Of course, I also know that with the capital reserves of Mr. Wang's company, there is no problem in repaying the $13 billion loan. But after repaying the loan, does it mean that Mr. Wang's business policy will turn conservative? The expansion of companies such as Taoyuan, Times, Wharf, and Hanhua will slow down in the next few years?"

"If you compare it to the last three years, it will really slow down. But the pace of development does not stop. Just like Kraft Heinz and Time Warner, we're all interested. ”

Old Morgan nodded.

"Kraft Heinz and Time Warner are worth more than $120 billion combined, and even if they only seek to take a controlling stake, they will need more than $60 billion. After a pause, "Mr. Wang doesn't plan to exchange the shares of 'Taoyuan Ji' and 'Maxim's Food Group' completely, right?"

"Of course not. We had plenty of cash ready!"

Old Morgan's eyes flashed, and he looked at the calm and confident young face around him.

"It seems that Mr. Wang has found a new source of funding!"

Wang Zheng smiled faintly and did not deny it.

"They can give me enough financial support...... And most importantly, their interest rates are low enough!"

"Really?... If I'm not mistaken, the Abu Dhabi Investment Authority and the Kuwait Sovereign Fund, as well as the Dubai Funds Authority?"

Previously, the news of the appearance of Sheikh Khalifa II, the Crown Prince of Abu Dhabi, Al-Sabah, and the Prince of Dubai, Hamdan at Taoyuan Villa, was not blocked to the outside world, and it is not difficult to understand these with the ability of the Morgan family.

"Maybe Mr Morgan should also add Singapore's 'Temasek'!"

"The whole world has underestimated Mr. Wang's ability!" said Morgan Sr. with a slight pause.

"Win the prize! I'm far from Morgan!"

Old Morgan smiled faintly and changed the subject.

"Mr. Wang wants to buy Time Warner, but it's not an ordinary media!"

"I don't intend to challenge the U.S. Constitution. So, although I was a little reluctant, the entire Turner TV network, including CNN, was not included in my acquisition. And AT&T was also interested in it. It's good for us to work together!"

"Indeed! However, if you tell me the acquisition target and strategy so bluntly, aren't you afraid that Morgan will make a fortune in it?"

"With JPMorgan's capabilities, making money in the stock market is really easy. However, I believe that Mr. Morgan will not do that. Wang Zheng smiled.

"Oh, why?"

Wang Zheng did not answer directly.

"Which does Mr. Morgan think is more important, wealth or health?"

"Health, of course!"

"After Mr. Morgan visited Mr. Buffett, he will understand why I asked that and answered so confidently!"

Old Morgan glanced at him, "Although I don't like to guess, and I don't like curious questions that are not answered quickly." But this time I'm going to make an exception!"

Wang Zheng smiled faintly.

"Mr. Morgan, it's your turn to make a shot!"

Old Morgan nodded, took a brief aim, and picked up the club in his hand. 'Bang', accompanied by a loud crashing sound and flying grass clippings, the white golf ball flew out quickly in the setting sun, rolled a few times after landing, and landed accurately on the hole.

"Good shot!"

Wang Zheng praised.

"I hope that this time I came to Taoyuan Villa, I can have a good result like this goal just now!" said the elder Morgan.

"I hope so, too. ”

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