Chapter 238: Regional Planning
In the self-operated department on the ninth floor of Taifu Bank, the lights are still bright at night. Pen? Interesting? Pavilion wWw. biquge。 info
"Looks like the boss will be here tonight."
Faced with the situation of setting up a table in the self-management department, Luo Hong has already become conscious.
"It's nine o'clock in the evening, and there is less than half an hour before the opening of the U.S. stock market." Ye Qian is not sure whether Zheng Fan will attack the New York Life Insurance Group.
"Here ......
Through the glass partition, Liu Mingxuan immediately found that Zheng Fan brought Chen Min, who was in charge of personnel, up, and kept gesturing and saying something.
"Are you all ready?"
After entering the self-management department, Zheng Fan asked Ye Qian directly.
"The funds are already in place on the New York Stock Exchange and ready to trade the shares." Ye Qian nodded solemnly.
"Tell me about the New York Life Insurance Group."
Zheng Fan sat at the dining table, put on disposable gloves, and directly grabbed the sauce bones and gnawed them.
"The share price of New York Life Insurance Group, from $25 before the news, has reached $13 after two days of decline." Ji Keying reported to Zheng Fan.
"In the past two days, the stock price of New York Life Insurance Group has fallen, and the trading volume has been quite large, and I am worried that someone is picking up the goods in advance." Luo Hong is not blindly optimistic.
"Once the stock price falls, it will naturally attract buyers, which does not mean that it will not fall again, as for whether there are institutions involved, we must continue to observe carefully." Zheng Fan said vaguely.
"The losses of the two major insurance groups investing in US dollar index futures have come out, compared with the $7 billion loss of the metropolitan insurance group, the loss of New York Life is larger, even close to 9 billion US dollars, and the Financial Oversight Board of the US public company is still urging the two major insurance groups to close the remaining positions in the US dollar index futures." Ji'er hadn't seen Zheng Fan for two days, and she was a little uncomfortable.
"Other than that, the shareholders of the New York Life Insurance Group, didn't there be any reaction?" Zheng Fan didn't seem to be too satisfied with the situation told by several people.
"I only heard that AIG seems to have contacted some shareholders and is ready to sue President Felix and the Federal Reserve Bank of New York, the largest shareholder, but it is difficult to determine what the final situation will be, and I discussed it with Minister Nguyen Yuan, thinking that such news of the lawsuit may ultimately be in the hope of exchanging benefits." Ji'er said that later, she expressed her opinion.
"Is there anything else you think?"
Zheng Fan seemed to be hungry for a long time, gobbling up the food on the table.
"With the sharp decline in the stock prices of the two major insurance groups, their shareholders are inevitably facing capital impairment." Ji'er sighed helplessly, feeling that time was too tight, and it was difficult to make effective means to obtain benefits.
In addition to the panic in the market, as well as the risk of equity pledge, it is estimated that the majority of shareholders of the two major insurance groups will not take the extreme choice of a strong man's broken arm." A sneer appeared on Zheng Fan's face.
"Counting the losses of the New York Life Insurance Group in investing in U.S. dollar index futures, I simply calculated the net assets of New York Life, which is roughly around $60 billion, and if it is divided by the total share capital of 5.1 billion, the net assets per share are roughly around $11.76, even if its stock price has fallen sharply for two days, the price of $13 is still higher than the net assets of the U.S. stock of $1.5." Ye Qian reminded Zheng Fan.
"Is there any news of suspected serious violations and disqualification from listing?" Zheng Fan's inquiry made everyone's faces twitch slightly.
"Although the two major insurance groups are not among the 30 constituent stocks of the Dow, their main business is very stable and their profitability is also very strong, and it is estimated that there will not be the situation that the boss said." Ji'er shook her head and said.
"What's the state of Daifuyo Bank in the past two days?"
Zheng Fan sighed secretly and asked about specific matters.
"The staff is a little more stable, but the business has not improved at all, I made an appointment with Miss Anne this afternoon to discuss the acquisition of real estate in Sengkang Eco-Business District, but she wants to meet the boss, she should still be waiting in the café on the ninth floor." Ji'er responded calmly.
"What time is it, do you have to talk about it at night?" Zheng Fan said impatiently.
"Isn't the point that the boss is going back to China tomorrow? President Ji Er believes that if we are acquiring real estate projects, we must hurry up, and take advantage of the difficult time in the Sengkang business district to bargain with Sengkang Department Store or the Bella family. Ye Qian helped the blonde girl explain.
"Seeing me, it's nothing more than those unnutritious sighs, can I still have two more money, the acquisition of real estate, President Ji'er is fully responsible, and when I have the intention to sign a contract, I will report to the holding company for approval." Zheng Fan wiped his eyelids and said it very practically.
"I'm not sure right now, will the acquisition of commercial real estate be owned by a holding company or by Tatfook Bank?" Ji'er asked about her concerns.
"For the time being, it will be incorporated into Tatfook Bank, and then after there is a real estate group, it will transfer assets for unified management." Zheng Fan smiled, teasing Ji'er's careful thoughts.
"I plan to divide Tatfook Bank and set up more branches in the early stage to improve its main business, but this requires a provision for capital investment." When it comes to the bank, Ji'er is not polite, and directly wants money.
"The partition can be, but it is not suitable for the time being to set up too many branches, in the future, the headquarters of Tatfook Bank will be moved to the United States, you as the general manager is mainly responsible for the business in the Americas, as for the Asian region, you can slow down first, in the future, Tatfook Bank will mainly have to open up the European market, and Russia is the top priority, I have already looked for a candidate for the president of the European region, Chen Min will call her over for a while, and you will follow the checks when the time comes." Zheng Fan's statement made Ji'er secretly shocked.
"It can't be one of the people that the boss specially recruited back, right?" Because Ye Qian acted as a link between the executives and Zheng Fan, she knew something.
"Two-thirds of Russia is in the Asian region, even if it opens up the European market, it should not pay too much attention to there, and because of the weak economic foundation, it will be difficult for Russian banks to do, and the profit margins are not only difficult to imagine, but there will be risks." Ji Er obviously disagreed with Zheng Fan's decision.
"This matter is settled, let's do it first and see." Zheng Fan showed a look that could not be refused, and directly decided.
"Boss, the U.S. stock market is about to open."
Seeing Ji'er's breath-holding appearance, Ruan Yuan said roundly.
"One thing after another, I really can't do it, President Ji'er, no matter whether you have the opportunity to acquire the shares of New York Life Insurance Group today, you must prepare to go back to the United States as soon as possible and negotiate with him about acquiring the shares of Mayo Medical Group." Zheng Fan seemed to have run out of patience and continued to wait.
"The problem is that the New York Life Insurance Group, which only holds 40% of the shares of the Mayo Medical Group, even if we get it and become the majority shareholder of the Mayo Medical Group, cannot form a complete controlling stake, which seems incompatible with the privatization of the group." Ji'er was puzzled.
"Things have to be done little by little, and if you don't have a determination at the beginning, it won't lead to anything." Zheng Fan obviously let the blonde girl go first.
"I will definitely be interested in Mayo Medical Group and strive to get 40% of the equity first." Ji'er gave a reassurance.
"Suzu~~~"
At half past nine o'clock in the evening, the opening bell of the U.S. stock market in daylight saving time rang on time in the proprietary department of Tatfook Bank, and many U.S. stocks on the large screen of electronic trading opened for trading almost at the same time.
"The Dow Jones and the two major insurance groups are both opening low, and it seems that the huge losses in the dollar index futures are reported, which still puts great pressure on the stock prices of the two major insurance groups." Luo Hong immediately called up the stock price of New York Life Insurance Group and quickly said to Zheng Fan.
"New York Life Insurance Group opened at $10, a sharp $3 lower, and fell below its net assets per share." Ji Keying said with a little nervousness.
"With such a big deal, falling below net worth is only the first step, and if the Dow is also affected, New York Life will definitely bottom out sharply in the intraday." Zheng Fan's statement makes people feel that the stock price is still high.
"The Dow is now at 5,401 points, opening 2.5% lower, from a five-day decline near 5,900 points, it has reached 10%, which is already a local mini-stock market crash." Ji Er took a deep breath and reminded that she felt that the short-term decline of U.S. stocks was big enough.
"Judging from the sharp decline for three consecutive days, the decline of the U.S. stick line should be getting bigger and bigger day by day, and it's not too late to wait." Zheng Fan observed a number of U.S. stocks on the electronic screen, which were completely red.
"The Dow temporarily stabilized after opening low, but the strength of the rebound was not enough, and the decline of individual stocks has a tendency to expand." Luo Hong stared at the market, and could feel the weakness of the market and the gradual increase in selling pressure.
"If an opportunity arises, should it be a hidden acquisition or a holding acquisition?" Finding that the stock price of New York Life Insurance Group had broken $10 under the pressure of a large order of more than five million shares, Ji'er hurriedly asked Zheng Fan.
"Just go through the normal acquisition procedure, Minister Ruan Yuan, you have to pay attention to it, once the number of shares we acquire is about to reach the listing line, we must report to the New York Stock Exchange and the Securities and Exchange Commission." Zheng Fan glanced at the female lawyer and said.
"Because the depository guarantee agreement we signed with Citibank Hong Kong Branch is still valid, Miss Di Liya discussed with us and thought that if the acquisition of New York Life is formed, it is best to maintain this channel, even if we do not report, it is estimated that Citigroup Hong Kong Branch will report the acquisition information to the United States as soon as possible." Ruan Yuan nodded, signaling that she was ready.
"If you have been borrowing Citibank, it is a good guarantee for the safety of funds, but it is inevitable to deal with Citigroup, and our capital operation will be known by others for the first time." Although Zheng Fan agreed to continue the cooperative relationship with Citibank, he was hesitant in his heart.
(The second update will be sent.) )