Accept the reality of diluted equity, or inject $287.5 million into Phoenix Investment Group on time!

John Rhett's face turned red instantly, and he had a strong urge to scold Tang Bao, Nima, what kind of bullshit is this, if Citibank is willing to choose one of them, why should I come to London to meet you. Pen ~ fun ~ pavilion www.biquge.info

Call.

John Red took a deep breath to adjust his emotions, calm the anger in his heart, and try his best to suppress the urge to go berserk.

"Don, what you're talking about is just the simplest and most obvious way, and I'm sure there are other ways to get the best of both worlds." John Radder laughed.

"What does President John mean is that Citibank is neither willing to accept dilution and unable to inject capital on time?" Tang Bao asked.

This.

John Rhett looked embarrassed and didn't know how to answer. There is no money to inject capital and he is unwilling to dilute his equity, which is inevitably a bit of a scoundrel, even if he plans to do so in his heart, but it is really a little embarrassing for him to admit it himself.

Looking at the silent John Rhett, Tang Bao asked again: "I want to know, what is the way to get the best of both worlds that President John said?" ”

"Citibank is willing to dedicate certain resources to support Phoenix Investment Group to accelerate its expansion. In return, we asked for a deferred capital injection. John Rhett said.

"Oh?"

Tang Bao seemed interested.

"Citibank is a very international company, with rich business resources around the world, and Phoenix Investment Group is developing rapidly, but the foundation is limited and there are deficiencies in many aspects, with our assistance to make up for the shortcomings, Phoenix Investment Group will be more successful." John Reid explains.

"Well, well conceived! However, with Phoenix Investment Group growing to this day, do you think there will be a lack of partners? When I chose to accept Citibank's stake in Phoenix Investment Group, I hoped to use Citibank's resources, but how much help did you provide? Tang Bao said.

After a pause, he continued: "Citibank did not provide much assistance at the peak of its strength, and now it is facing bankruptcy difficulties, and it cannot be counted on. ”

Then.

Miller couldn't help but interject, "Don, you're a bit biased when you say that. After Citibank took a stake in Phoenix Investment Group, it did not provide much support. Many of Phoenix Investment Group's investment transactions were brokered by Citibank......"

Tang Bao smiled and didn't argue.

In all fairness, he had a good idea of how much support Citibank had provided, and if it wasn't useless, it was of limited use.

Of course.

This may also be related to the Phoenix Investment Group itself, after all, the Phoenix Investment Group has taken root in the United States for many years, accumulated a lot of heritage, and the need to rely on external forces is getting lower and lower.

"President John, if this is what you call the best of both worlds, then I can only express my regret." Tang Bao shrugged helplessly.

This.

The goal of his negotiations with John Rhett was clear: to take a stake in Citi, and he would not accept any offer other than that.

Of course, the timing of this topic is critical, otherwise, it is very likely that it will fall short.

Hear the words.

John Reid's heart suddenly cooled, before coming to London, the board of directors discussed the most and looked forward to this plan, and now Citibank, in addition to the global network of business resources, has no other capital to be proud of. He only has this important hole card in his hand.

Pity.

Tang Bao now clearly told him a cruel reality, the hole cards and chips in his eyes, Tang Bao didn't look down on him at all.

How can this be talked about?

John Rhett, who had still had some faith, was distraught......

Uh-huh.

Spotting John Reed's distraction, Miller next to him coughed lightly as a reminder.

Not.

John Rhett, who woke up, barely suppressed the chaotic thoughts in his mind, he couldn't think hard, but he kept in mind that Citibank's 2.5% stake in Phoenix Investment Group must not be diluted! No matter how much you pay, you must keep it!

In fact.

What the outside world does not know is that after Citibank fell into trouble, a number of institutional investors secretly approached Citigroup and offered to acquire Citibank's 2.5% stake in Phoenix Investment Group. even offered a very tempting price, but Citibank reluctantly refused.

I'd rather hold on to it and seize the 2.5% equity, which shows Citibank's attention and obsession with these shares!

Maybe.

Many people can't understand Citibank's approach, but anyone who is familiar with the trajectory of Phoenix Investment Group will definitely understand.

"Don, isn't there any other way? As long as you bring it up, we will try our best to satisfy! John Rhett almost pleaded.

Until the last minute, he didn't want to see Citibank's stake diluted.

……

See here.

Tang Bao smiled secretly in his heart, feeling that the time was almost up, so he said in a deep voice: "Well, it is not impossible to postpone payment, but Citibank must prove that it has the ability to repay the debt." ”

"This."

John Reid had just had a glimmer of hope, but before he could rejoice, he was extinguished in an instant. Citibank's funds are drying up, and even struggling to maintain operations are gradually struggling, what to prove.

Then.

Miller, who was sitting next to him, suddenly smiled and said, "Don, I have a way to prove it." ”

"Huh?"

Tang Bao was stunned.

"Don, have you forgotten that in 1986, shortly after the founding of Phoenix Investment Group, I entrusted you with a $50 million investment. Although according to the agreement, I can't ask during the investment period, but I think with your ability, this money should increase in value. ”

Ha.

Tang Bao couldn't help laughing, and then his face showed coldness, "Miller, are you sure that $50 million is Citibank's own funds?" If I'm not mistaken, that's Citibank's customers' money, right? You dare to pledge your clients' assets, you really have the courage to do so. ”

When he had an idea for Citibank, he set harsh redemption conditions in advance. However, when Citibank was faced with serious financial difficulties, it never mentioned the early redemption of investments, which made Tang Bao suspicious, so he sent someone to investigate, and soon found that these funds were not Citibank's, but Citibank's customers.

It is useless to redeem it early, this is not money that Citibank can use at all, otherwise it is suspected of misappropriating customer funds.

Yes.

Miller's face suddenly showed embarrassment, of course he knew that it was the customer's funds, otherwise it would have been redeemed to support Citibank. He just wanted to fool around, but he didn't expect Tang Bao to be so clear about the source of this money.

"Ugh. Don, it may be that Miller is misremembered. Seeing that the atmosphere was stiff, John Ryder hurriedly defended Miller, but he did not have much confidence.

He knew exactly what Miller really thought, and frankly, he wouldn't mind if he could succeed. It's a pity that Tang Bao directly saw through it.

Then.

John Rhett changed the subject and asked, "Don, since you have raised this question, there must be a way, please say it directly." ”

"Phoenix Investment Group has someone to oversee Citibank's operations so that it can assess risks anytime, anywhere." Tang Bao said with a smile.

Phoenix Investment Group sent someone to oversee Citibank's operations?

John Reid and Miller were stunned, neither of them would Tang Bao put forward such a whimsical condition, and after a long time, the two responded in unison: "Impossible. ”

Forthwith.

John Reid also realized that his reaction was a little too violent, so he slowed down and said, "Citibank is an independent bank, and even the Federal Reserve and the Federal Deposit Insurance Corporation have no authority to send people to directly supervise Citibank's operations. Don, this proposal of yours is crazy, I can't agree to it! ”

Joke.

Phoenix Investment Group sent someone to supervise the operation of Bank of America, so Citibank will no longer have any secrets to Tang Bao.

John Reid, no matter how stupid he was, would have agreed to this plan.

"It is also unreasonable that Phoenix Investment Group is not a shareholder of Citibank and does not have the right to supervise Citibank's operations." John Rhett shook his head.

"What if Phoenix Investment Group is a shareholder in Citibank?"

This.

John Rhett was stunned, then looked at Tang Bao in shock, and asked uncertainly, "Tang, this should be your real purpose, right?" ”

"That's right, I'm interested in taking a stake in Citibank." At this point, there is no need for Tang Bao to continue to hide his coveting of Citibank.

Don wants to take a stake in Citibank!

Hearing Tang Bao admit this in person, John Red and Miller were surprised to close their mouths, and then they showed solemn expressions. Citibank has been trying to find powerful investors to inject capital, but they have never considered inviting Tang Bao to take a stake.

Looking at John Rhett and Miller, who were silent and suspicious, Tang Bao smiled and continued: "President John, isn't Citibank raising funds everywhere, Phoenix Investment Group's stake in Citibank can not only allow you to get the funds you dream of, but also help stabilize the situation. Well, the issue of deferred capital injections is no longer a problem......"

Silence.

John Reid knew that Phoenix Investments' stake in Citibank would quickly solve their problems and even turn the situation around in one fell swoop. He is well aware of the strong influence of Phoenix Investment Group, and the companies it values are often a good future! If the outside world gets the news, shareholders will feel reassured, and Wall Street investors may come to the door with checks.

There are a large number of investors on Wall Street who are following the investment of Phoenix Investment Group.

Well.

There are many benefits, but John Red is even more afraid of luring wolves into the house. Don't forget, in addition to controlling Phoenix Investment Group, Tang Bao is also the owner of East West Bank. (To be continued.) )