While Rio Tinto's shareholders lobbied the members of the U.S. Congressional Antitrust Committee with great fanfare, Citigroup couldn't sit still. Pen "Fun" Pavilion www.biquge.info

The total value of its large number of mortgage bonds fell below the $4 billion mark on September 20, which is not a cause for good because just three months ago, the same number of mortgage bonds were worth $6.2 billion on paper.

In other words, it is not a happy thing to receive the impact of the Wall Street financial turmoil in three months, and its paper losses are as high as $2.2 billion, a loss of more than a third.

However, Citi is not the worst, the worst is the world's fifth largest investment bank Bear Stearns, its joint shareholders meeting sole president Alan Schwartz released Bear Stearns financial report on September 20, according to the disclosed data, the peak market value of $45 billion on the Bear Stearns investment bank, in May and August 2007, lost $42 billion in assets on its books, leaving only about $4 billion in total assets.

The disclosure of this data directly led to the sudden outbreak of the financial crisis on Wall Street, many small and medium-sized investment banks even went to empty buildings overnight, and a large number of junk bond-holding investors wanted to cry without tears, and some of them even jumped directly from the top floor of a high-rise building, completing their ultimate redemption.

In this case, the U.S. consortium led by JPMorgan Chase and Citigroup First began to intervene in the financial market, trying to exert its influence to alleviate the time of the crisis, but as more and more junk bonds entered the market, investors became more and more desperate, and a large number of bonds were unclaimed.

"Citigroup is already in a state of flux, they don't have the energy to try to persuade Congress to lift restrictions on BHP's takeover, and I've heard that many members of Congress have expressed clear opposition to the merger of BHP and Rio Tinto, and even if the Antitrust Committee approves the merger of the two mining groups, Congress will launch a new investigation."

The alliance led by Citigroup has long put pressure on Orange Technology, as the so-called come and go without going wrong ~ Li Mubai, of course, also has to find something to do for Citigroup and Rio Tinto, no, he united some American science and technology people to put pressure on the White House to force some congressmen to interfere from it.

At this point, BHP has actually reached a deadlock, that is, BHP Billiton wants to acquire Rio Tinto, and it must get the understanding of Orange Technology and the American technology community, because the latter is not as simple as one or two people or one or two companies, and the forces they gather are a force that cannot be underestimated in the entire United States.

If Orange Technology wants to reach a cooperation with Yuntong Company, it is bound to involve a Huaguo Mining Group that was not touched, which has continuously experienced the cooperation invitation of Rio Tinto Group and BHP Billiton Group, and has carried out long-term preparations.

After all, the reason is very simple, the roots of Orange Technology are in the East, and it is never possible to offend their home country.

The most critical point is the competition between Citigroup and Yuntong, both sides are exhausted, and after playing eighteen kinds of martial arts, they only have to target the key figures of the other party.

But the matter still could not be resolved, and the company wanted to own 22% of the shares of Orange Technology in the United States, and was willing to pay 15% of the company's shares in exchange, and at the same time gave Orange Technology the corresponding voting rights of the company's shareholders.

Although it now seems that the market value of more than 30 billion US dollars of the express company suffered some losses, but in the long run, the two sides are actually in a win-win state, after all, the products of Orange Technology once sought after by the market, then the higher the stock price after listing, according to the estimates of the analysis company, Orange Technology is developing smoothly, and the market value of the American branch will reach 100 billion US dollars in 2010-2011.

These 22 percent of the shares, plus the follow-up additional investment, can get a net profit of at least 3 billion US dollars per year, so that the company will definitely not lose money.

According to the estimates of Amex, once it is authorized by Orange Technology and several companies in the U.S. technology industry to provide financial services, then in the world, Amex can get about $200 billion a year of abundant cash flow, of course, most of it is only posted in the early stage, but with the continuous development of Orange Technology, this part of the cash flow will be retained in the Amex bank account for a long time.

It is conservatively estimated that after the completion of the financial strategy of the company, the annual revenue will be as high as 700-90 billion US dollars, and the net profit will exceed 12 billion US dollars.

The two companies will not lose money on the cooperation, but the problem now is that Citigroup wants to get about 6%-8% of this part of the shares, and JPMorgan Chase wants to get 2-3% of the shares, otherwise the cooperation will not be able to go ahead.

However, once it has lost up to 11%, that is, half of the shares of Orange Technology, Yuntong will resolutely not agree to this request, because this will greatly weaken the foundation of cooperation between Yuntong and Orange Technology, and it is possible that the proportion of shares held will continue to decline in the future.

At that time, the cooperation treaty between the two sides may become a piece of waste paper, and the shareholders of Yuntong are not stupid, they do not want to use 22% of the book close to 30 billion US dollars, that is, 6.6 billion book funds in exchange for an insecure future, especially when the United States Orange Technology is listed, Yuntong will also take out about two-thirds of this number to maintain the total size of its shares, so as to avoid being excluded when it is listed.

And Orange Technology will not agree to take out the corresponding amount from its own shares to compensate Citi and JPMorgan Chase, because according to the agreement between Li Mubai and the American technology community, when the Orange Technology branch in the United States is operating and selling the first mobile phone, he must exchange shares with 16 technology groups, of which each technology group holds 1 percent to 1.5 percent of the shares, of which Qualcomm, Intel, Oracle, and AT&T each hold 1.5 percent.

The other 12 companies each hold one percent, counting the 22% held by Yuntong Company, accounting for a total of 38% of the total shares of the branch, plus the 20% of the shares sold at the time of listing, only 42% of the shares left in the hands of Li Mubai, and this part will also have Huaguo and other enterprises to participate in the shares, may eventually be able to stay in the hands of Li Mubai The shares will not exceed 33%, that is, one-third of the scale, according to calculations, one-third of the holdings, can enjoy the control of the company at any time, It can also occupy the final vote at critical moments.

According to the agreement, the 15% shares will be converted into the same amount of Orange Technology voting rights, which will be exercised by Li Mubai himself on behalf of the permanent exercise, that is, an additional 3.3% of the voting rights, plus 10% of the shares of the 22% shares do not occupy the voting rights, so theoretically, as long as Li Mubai maintains the current 33% of the shares, he can enjoy 46.3% of the voting rights.

This data can basically guarantee Li Mubai's absolute control, but if 11% of it is taken away by Citigroup, J.P. Morgan Chase Group, then the other party will inevitably demand the exercise of share voting rights, which will greatly weaken Li Mubai's right to speak, so it is unacceptable in any case.

"Mr. Timothy, you have to understand that this is my ultimate bottom line, and unless Citigroup is willing to give up its pursuit of Orange Technology shares, we may never reach an agreement."

In the office of the U.S. branch of Orange Technology, Li Mubai looked at Timothy Geithner, chairman of the Federal Reserve Bank of New York, and his party, who came to negotiate as lobbyists.

The latter is not a lobbyist for Citigroup, but has been commissioned by the US federal government and the Federal Reserve to make a profit deal with Li Mubai, which is aimed at helping the big investment banks on Wall Street tide over the crisis, or a choice for their future.

After all, the whole United States knows that there is a Orange Technology in the East that has mastered the world's top electronic product technology, although it is not currently listed, but with the annual technology licensing of tens of billions of dollars, it is enough to make this company become the world's top technology group, once listed in New York, the United States, then it will be favored by all investors.

Timothy Geithner was a little distressed when he heard this, he tried to persuade, "Mr. Li, this place is different from the East after all, although you have many friends in the technology industry who are willing to speak for you, but this land has long been handed over to capital to operate, Citigroup and JPMorgan Chase are the world's top and most powerful financial services companies, and the capital in their hands is unimaginable, even if only Citigroup is alone, it has more than five trillion dollars in fixed assets, bonds, as well as investments and debts, There are so many people he can influence that if the two of you really go to war, maybe the U.S. government won't sit idly by. ”

"Can I understand that the U.S. government does not welcome businessmen from my Eastern countries to come and invest?" Li Mubai asked rhetorically.

Timothy shook his head, but then nodded again, he knew that some things had to be said thoroughly, because the Treasury Department and the Federal Reserve had clearly told him before he came that the U.S. economy needs a new growth point, and the effect of science and technology is obviously stronger than that of industry and finance.

So Timothy must fulfill his mission, which is to get Citigroup and Orange Technology to come to an agreement to reinvigorate the confidence of the U.S. financial industry with the future of Orange Technology, according to optimistic analysts, even today, American Express has become the largest financial institution among many banks in the United States, and his stock value has risen from $30.7 billion a month ago to $35 billion today.

If the cooperation is signed, then there will be a wave of upward movement against the market, and what can be reached in the end, depending on what kind of agreement has been reached between the company and Orange Technology, if it is according to the best situation, that is, the details of the cooperation currently disclosed, then the market value of the company will be maintained at more than 500-55 billion US dollars, and in the next two years, the shares of the company will become the most sought after object of the entire stock market.

"We hope that you, Mr. Lee, will sell 4% of your current shares in the U.S. branch in exchange for Citigroup's help, and they promise to repay your generosity with the most sincere friendship." Timothy said with some caution, staring at Li Mubai's eyes at the same time, refusing to let go.

Li Mubai shook his head indifferently, "Why must I sell this part of the shares?" Wouldn't it be exciting to directly acquire part of Citigroup's shares instead of using my company or my own name? ”

"That's different, investors only recognize the future of Orange Technology, and are very pessimistic about the current state of the financial market, and we need a good news to alleviate the outbreak of the financial crisis, which is good for all of us." Timothy certainly knows that things are not as serious as she says they are, but who has allowed Citigroup's lobbying to affect many lawmakers.

In addition, the interests thrown by Orange Technology this time are too moving, but only the American technology community can eat this cake, and the only financial service institution is Amex, an enterprise that does not have an advantage in the American financial industry, and will naturally be criticized a lot.

Li Mubai shrugged his shoulders and spread his hands, "I'm sorry, unless Citigroup shows its sincerity, otherwise this will be the end, and I will no longer accept any talk about lobbying for Citigroup and JPMorgan Chase in the future." ”

"Of course, we also brought sincerity this time, and Citigroup is willing to exchange 0.5% of the shares with voting rights for the four percent of the shares, and I believe that this number is enough to reflect the sincerity of Citigroup."

"You can call them directly, 1%, this is my last offer, if they can't come up with a figure that I am satisfied with, then let everyone rely on their means, I don't mind Citigroup resorting to any conspiracy, because their strength will definitely not exceed the power of the seventeen technology groups combined, no one can destroy this alliance united by interests, because you can't take out the greater interests to break us up." Li Mubai directly issued an ultimatum.