Chapter 6: The Black Sea
"Don't dare to write too much about politics, forgive me! 》
Na Hyun-woo left, taking some of his own partners, including Lee Kwang-so's father, into a large team of 70 people and 15 translators with him.
Yoo Jae-seok regrets that even Kim Jong Kook retired and Luo Hyun Woo did not return to South Korea.
Zhang He also regretted that Luo Xianyu gave him a house of 150 pyeong in Jiangnan District as a congratulatory gift, but unfortunately, his friend had a big event when he got married and couldn't come in person.
On June 7, 2008, in South Korea's annual charity concert Dream Concert (i.e., Dreamconcert), Girls' Generation was boycotted by fans of other groups, and the first Black Sea Incident broke out.
At this time, Luo Xianyu was in Hong Kong, and he was directing the funds in the United States, and this time the opportunity was on September 15, 2008, Lehman Brothers went bankrupt.
Since July last year, when the U.S. government announced a $700 billion bailout, Luo Xianyu withdrew from shorting U.S. stocks, and Luo Xianyu didn't earn much in the first subprime mortgage crisis, and his eyes have been staring at Lehman Brothers.
I believe that many of the financial giants who are now staring at Lehman Brothers are watching the reaction of the US government.
In 2007, Lehman Brothers achieved record high net income, net income and earnings per share for the fourth consecutive year.
According to statistics, as of May 2008, Lehman Brothers had assets of $639 billion, holding $110.5 billion of senior unsecured notes, $126 billion of subordinated unsecured notes and $5 billion of junior notes.
After the subprime mortgage crisis in the United States in the summer of 2007, Lehman Brothers' assets shrank sharply due to its large holdings of mortgage-backed securities, and the company's stock price fell nearly 95% in the year following the subprime mortgage crisis.
The company's financial report showed that total shareholders' equity was only $28.4 billion at the end of the third quarter of 2008.
Lehman Brothers has faced collapse four times in its history, and each time someone or the U.S. government took over, but this time, the House of Representatives vetoed the president's plan for $700 billion, which is equivalent to cutting off Lehman Brothers' last straw.
Luo Xianyu thought about the major events that happened to Lehman Brothers in 2008:
In March, Lehman Brothers' stock price plummeted – 5,300 jobs were laid off
In April, Lehman Brothers' three funds went into liquidation
Coveted 0.6 price-to-book ratio in May - Barclays negotiated purchase
In the second quarter of June, the loss was 2.8 billion - Lehman removed the president
In July, the stock price fell below $20 for the first time in eight years
In July, Goldman Sachs was rumored to have manipulated stock prices to bring down Bear Stearns and Lehman Brothers
In August, Lehman Brothers will sell $40 billion in assets
In September, there was a frequent reshuffle at the top level - the asset sale issue is still unresolved
Huge loss of $3.9 billion in the third quarter of September - stock price plummeted 45% in one day
In September, Lehman declared bankruptcy - with a total debt of $613 billion
Period of bankruptcy protection
On September 15, 2008, Lehman Brothers, a 158-year-old Wall Street investment bank, collapsed, creating the largest bankruptcy in U.S. history. Before its collapse, Lehman Brothers had assets of $639 billion and operations in more than 40 countries around the world.
This catastrophic financial incident immediately triggered a global economic crisis, and the operation team under the command of Luo Xianyu is operating the Asian market, while Europe and the United States also have an operation team operating the markets on both sides.
Lehman Brothers is eyed by many investment banks in the world, and once Lehman Brothers goes bankrupt, its high-quality resources will be Citigroup Inc., JPMorgan Chase & Co. (JPmorganchaseco.), Morgan Stanley (morganstanley), Goldman Sachs Group Inc. (Goldmansachsgroup Inc.) and Merrill Lynchco. These predators pounced on and tore at the crushed bones.
Just when Luo Xianyu was thinking about these things, a phone call woke up Luo Xianyu, Luo Xianyu took it out and saw that it was actually Luo Jingen's phone.
These days are busy day and night, plus negotiations with the Lao side and inspection of the investment market, Luo Xianyu has forgotten the date.
Picking up the phone, Luo Xianyu heard Luo Jingen's anxious voice: "Brother, come back quickly, something happened to my brother and sister!" ”
Luo Xianyu immediately got up from the chair and asked Luo Jingen in a loud voice, "Sister, what's wrong with Xiaoxian?" What's wrong? Are there any dangers? ”
Luo Jingen heard on the phone that Luo Xianyu had been out of order, and hurriedly reassured Luo Xianyu: "Brother, don't worry, it's like this, at the dream concert, Girls' Generation was collectively boycotted by the fans of other groups, and I am now rushing to your house, ready to comfort my younger siblings." ”
Luo Xianyu woke up suddenly, rushed to the computer to check the date, yes, it was June 7, 2008!
The black date reminded Na Hyun-woo on the computer that today was the day of his dream concert.
Luo Xianyu hung up the phone and shouted directly: "Bai Shengcheng, Bai Shengcheng, quickly book me a ticket back to Seoul as soon as possible." ”
Bai Shengcheng is the person in charge of the crisis in the Asian region this time, so he hurried over: "What's the boss?" ”
Luo Xianyu didn't have time to explain to him: "I'm going to fly back to Seoul tonight, you are in charge here, and I will come again in August or September." ”
Bai Shengcheng looked at Luo Xianyu's anxious appearance, and hurriedly grabbed the phone to book a plane ticket for Luo Xianyu.
Luo Xianyu packed up urgently, hurried to the airport, got a ticket at the airport, and took a direct flight to Seoul, South Korea that night.
It's already the second half of the night when I arrived in Seoul, and Yoo Jae-seok is already waiting for Na Hyun-woo here.
The two got into the car, and Yoo Jae-seok drove the car and said to Luo Hyun-woo: "Hyun-woo, Chairman Hong Seung-sung hopes that you will not help Girls' Generation for the time being, which is not conducive to his acquisition of S.M's shares and taking over Girls' Generation in the future." ”
Although his heart hurt, Luo Xianyu nodded with a gloomy face, he knew that only this was the best for Girls' Generation.
Yoo Jae-seok no longer said the words of girlhood, but diverted the topic: "Because you are not in South Korea, Jang Hyuk almost postponed the wedding, and now I am waiting for you to come back and settle accounts with you." ”
Luo Xianyu smiled bitterly: "Brother-in-law, I believe my sister has already told you the reason." ”
Liu Zaishi nodded: "Xianyu, is it necessary to build a railway to invest in Laos?" I remember that Southeast Asia has a water network. “
Luo Xianyu nodded fiercely: "It's necessary, it's too necessary, brother-in-law, you don't know, even if the water network in Southeast Asia is crisscrossed, but Laos is an extremely underdeveloped country, and the waterways in some areas have not explored and cleaned up the reefs, so the waterways are not safe for a certain period of time." So when I came back this time, there was another thing, that is, for example, Hyundai Steel and POSCO issued invitations to buy heavy rail, which included 2 billion US dollars that I had lent to the Lao government, and the Lao government is now smashing the pot and selling iron to build the railway, and their chairman has gone to Beijing to contact him, hoping that Beijing will do the work of connecting Cambodia. “
25 meters of standard steel rails, parallel double line with a total length of 200 kilometers. Plus all the accessories, this is the main reason why Luo Xianyu came back.
The $300 million heavy rail is the first step in investing in Laos, and once successful, Luo Xianyu has won the favor of the Lao government.
Under the steady driving of Liu Zaishi, the car finally arrived at the girls' generation dormitory next to Luo Xianyu's villa after an hour and a half.