Chapter 194: Gold Futures Lose Again?

Tang Bao's personnel adjustment was orderly and decisive, obviously he had already made a plan, and the shareholder representatives of Citibank, Wells Fargo, Bear Stearns and other shareholders could only listen quietly, and they knew very well in their hearts that Tang Bao's personnel adjustment at this time was obviously very targeted.

on this.

After all, they are only small shareholders of Phoenix Investment Group, and it is too natural to take it for granted that they want to interfere in personnel appointments.

……

"Well, that's the end of today's meeting. I'm afraid the reporters waiting outside are already a little impatient......" Tang Bao said with a smile.

Hear the words.

The shareholder representatives all showed a clear smile and were eager to try, and they were all a little eager to announce the good news to the outside world. Although they paid a huge price for their stake in Phoenix Investment Group, the stock price of their company has continued to rise since the news of the investment broke...... Therefore, they are very much looking forward to and more eager to further increase the company's stock price by officially announcing the news. And none of the most desired are Citibank and Wells Fargo. Affected by the savings and loan banking crisis, bank stocks have generally been weak, and even strong banking giants such as Citigroup and Wells Fargo are not immune to bad luck, and they are not hoping to use the news of the successful investment in Phoenix Investment Group to boost market confidence.

"Boss, the press conference has been prepared for a long time, I'll go over and check it out in advance." Horst stood in front of Tang Bao and said in a low voice.

"Okay."

Tang Bao looked at Horst, who was as pale as ever, and nodded with a smile. Frankly speaking, he promoted four vice presidents in one go today, and the most seriously injured was Horst. From then on, Horst's power will be greatly diminished...... He was really worried that Horst would be mentally unbalanced.

Fortunately.

For now, Horst's performance has been relatively calm.

……

Take advantage of the gap.

Miller, Kane, Kono Jiro and other shareholder representatives all surrounded Tang Bao and talked softly. "Don, just now at the meeting. Is it true that you say that Phoenix Investment Group will continue to launch new funds? Kane asked nervously as he walked around Jiro Kono's body.

"Of course!"

Tang Bao replied very simply.

"Whew...... Tang, as an investment bank, Bear Stearns has a very wide network of contacts, can the new fund offering be completed by Bear Stearns? Kane's eyes were full of anticipation and eagerness, and he felt that this was a very good opportunity!

But.

None of the people present were stupid, and as soon as Kane finished speaking, Citibank's Miller, Wells Fargo's Rand, and Miyama Investment's Kono Jiro were all dazzled.

"Mr. Tang. If you are willing to hand over the sale of your new fund to Bank of Mitsubishi, we are willing to reduce the sales fee, no, we do not charge any sales fee! Jiro Kono also spoke.

"Tang, Citibank is also willing to sell Phoenix Investment Group's funds for free." Miller didn't lag behind either.

"Wells Fargo is also very happy!" Rand hurriedly expressed his position without thinking, but he was afraid that he would be one step behind and be preempted by others.

Scold.

Hearing the promise of the four people, the corners of Tang Bao's mouth couldn't help but smile, helping Phoenix Investment Group sell funds? They all seem to have overlooked one point. There is no need to find an agent to sell the funds launched by Phoenix Investment Group, and investors are basically rushing to buy them with checks.

Of course.

Tang Bao didn't think that Miller, Rand, Kono Jiro and others were unaware of this, and they rushed to underwrite the funds offered by Phoenix Investment Group when they saw that the funds offered by Phoenix Investment Group were popular among investors. even expressed their willingness to help "free of charge......

Usually.

When offering funds, a certain discount will be applied to attract more investors. However, some funds are popular among investors due to factors such as high return expectations and high dividends, so that when demand exceeds supply, there will be premium sales. And Phoenix Investment Group has already made a name for itself with the Phoenix Pioneer Fund. There are also surprisingly high investment returns, and it is normal for new funds to be sold at a premium.

Therefore.

Even if Miller, Rand and others promised to help sell the fund for free, it would not be possible to lose money in the end. In addition, the rare Phoenix Investment Group fund in the market, other investment institutions can't get it, while Citibank, Wells Fargo, etc. have sales, relying on this influence alone, they can attract a large number of high-end customers.

It's a lucrative business!

"Hey, I just became a shareholder of Phoenix Investment Group, and I want to make profits......" Tang Bao couldn't help but laugh in his heart.

Tang Bao was not annoyed, this is a normal thing, the other party does not hesitate to bear a high valuation for a huge investment, doesn't he just want to get more benefits.

But.

It is impossible to hand over the right to sell the fund to them. Tang Bao's original intention of launching a new fund is the same as that of Phoenix Pioneer Fund, which is to expand network resources. If the right to sell is handed over to Citigroup, Wells Fargo, Bear Stearns and other companies, it is tantamount to the other party using the resources of the new fund, and Phoenix Investment Group has nothing to gain except to curry favor with Citibank, Wells Fargo and other companies.

"Oh, that's a pity. The offering of the Phoenix Development Fund is basically ready......" Tang Bao refused euphemistically with a faint smile on his face.

Hear the words.

The disappointment in the eyes of Kane, Miller and others disappeared in a flash, but they did not force it, and they also understood that Phoenix Investment Group would rush to buy the fund, and they would not worry about selling it at all. With or without their help in underwriting, the result is the same...... Besides, Phoenix Investment Group launched private equity funds, and the number of investors is limited, but they are all high-end customers, so how can it be easy to fake others.

"Lady Annette." Seeing that Mrs. Annette also leaned over, Tang Bao smiled and nodded.

"Heh, Tang, I have become the vice president of Phoenix Investment Group, maybe I should call you boss instead." Lady Annette said with a smile.

"Don't, you better just call me 'Don'!" Tang Bao waved his hand.

Miller, Lant and others also greeted Mrs. Annette one after another, not to mention Mrs. Annette's social relations, just talking about her status in Phoenix Investment Group, they couldn't help but ignore it. Vice President of Phoenix Investment Group and Tang Bao's personal economic advisor......

Casual chit-chat for a while.

Horst, who had gone to inspect the press conference venue in advance, returned, smiled through the crowd, came to Tang Bao's face, and reported: "Boss, everything is ready." ”

"Hmm."

Tang Bao smiled and nodded. Then, he shouted to everyone: "Everyone, the press conference is ready, let's go out together to announce the good news to the outside world." Suddenly, he found that Horst, who had finished reporting the situation, was leaving, Tang Bao hurriedly stopped, "Horst, what are you going to do again?" ”

"Well, boss, I'm going to host the press conference." Horst was stunned.

"No, I'll leave the work to someone else. You are the President of Phoenix Investment Group. It is the representative of the Phoenix Employee Fund again, and I will follow you over. ”

"Oh."

Horst subconsciously responded.

Alas.

Looking at Horst's demeanor, Tang Bao couldn't help but sigh in his heart, and said secretly, it seems that today's personnel adjustment has a great impact on Horst. Usually Horst is full of energy at work, and speaks sonorously and powerfully, which ones are not willing to give up today, and their voices are soft, as if they haven't eaten.

"Perhaps...... It's time to have a good talk with him! A thought popped up in Tang Bao's heart.

……

Well.

Tang Bao suddenly woke up and looked at Mrs. Annette beside him. Seeing her eyes, I realized that I was distracted.

"Hmm...... Everyone, let's go out together. Tang Bao put aside all the complicated emotions that were pouring out of his mind, and said to everyone with a smile.

A few minutes later.

Tang Bao appeared side by side with Miller, Rand, Kono Jiro and other shareholder representatives. Meet the journalists. The sound of a click suddenly rang out.

"Please be quiet." Tang Bao pressed down with his hands and motioned to the reporters to be quiet, and Phoenix Investment Group did not issue any invitation to this press conference. Reporters from various media outlets came. In fact, since the news of Phoenix Investment Group's announcement of financing and share expansion, many reporters have been squatting nearby, a little bit of wind and grass. will rush out a large number of reporters.

The venue fell silent.

Reporters are also eager to know the results of Phoenix Investment Group's financing and share expansion.

"Phoenix Investment Group's financing and share expansion has been completed, and now, you can see that all of you standing next to me are the new shareholder representatives."

Miller, Rand, Kane, Horst, Lady Annette, Jiro Kono.

All of them are well-known and the focus of the news, and the reporters are very clear about the identities of the six people, so when they see the six people, they basically know who the new shareholders of Phoenix Investment Group are. Perhaps the only thing that could confuse reporters was Mrs. Annette.

"I'm a reporter for the New York Times, excuse me, which investment company does Mrs. Annette represent?" A reporter couldn't stand it anymore and asked.

"Inkman Fund!"

Lady Annette replied with a smile.

"What...... Ink Fund? I haven't heard of it......" When the reporters heard the name of the Moke Fund, they were immediately confused.

But.

Several reporters were surprised when they heard the name of the Ink Fund, apparently they had heard of the Ink Fund somewhere.

"What are the changes in the shareholding structure of Phoenix Investment Group after the financing and share expansion?" The New York Times reporter pressed again.

"The four major shareholders of the former Phoenix Investment Group jointly hold 87% of the shares, East West Bank holds 3% of the shares, Bear Stearns 2.8% of the shares, Citibank 2.5%, Wells Fargo holds 2% of the shares, Three Hills Investment Company holds 1.215% of the shares, Moke Fund holds 0.81% of the shares, and the Phoenix Employee Fund holds 0.675% of the shares." Tang Bao replied with a smile.

The reporters were surprised by this, the valuation of Phoenix Investment Group is so high, and they also predict that Tang Bao will take the opportunity to disperse more shares.

But.

The truth was quite different from what they had predicted.

"Tang, I'm a reporter from the Wall Street Journal, will Phoenix Investment Group carry out the second and third rounds of financing and share expansion after this round of financing and share expansion?"

"Hehe, who can say for sure what will happen in the future!?" Tang Bao smiled, but did not give a clear response.

……

"Don, I'm Betty, a reporter for Fortune magazine. After this round of financing and share expansion, what are the changes to the board of directors of Phoenix Investment Group? Will the new shareholders send directors? A reporter standing in the middle of the crowd rushed to ask.

"Well, there will be some changes in the board of directors, and the new shareholders will also send two directors to join, the specific details have not yet been determined!" Looking at the female reporter standing in the middle, Tang Bao said with a smile, but secretly sighed in his heart that this woman's height was really terrifying...... In her vicinity, almost all men and women were half a head shorter than her.

Then.

The female reporter asked: "According to the news we have gotten, following the huge loss of gold futures last year, the Phoenix Investment Group has recently suffered a huge loss in gold futures trading. ”

Well.

Tang Bao couldn't help but be stunned, gold futures were planted again? How he didn't know. Just when he was wondering, Horst hurriedly approached and whispered in Tang Bao's ear.

"Huh...... Phoenix Investment Group's gold futures have not been delivered, whether it is a loss or a gain, it is too early to assert at this time, the market is always ever-changing. ”

"Hey, I also know that Phoenix Investment Group is bearish on gold futures, and now because of the outbreak of the banking crisis, the price of gold has soared, and the longer it drags on, the worse it will lose. Unless Tang Yuyu's banking crisis is wrong, the price of gold will only rise higher and higher, and if you don't stop the loss in time, I'm afraid it will drag down the entire Phoenix Investment Group! At this time, someone in the crowd echoed loudly, obviously very concerned about the movements of Phoenix Investment Group.

"I'm still saying the same thing, whether it's a loss or a gain, it's too early to assert at this time." Tang Bao didn't bother to argue with the other party, he just wanted to reply with a smile.

Regarding the trend of gold prices, Tang Bao still has a spectrum in his heart.

……

After the press conference.

The news of the completion of Phoenix Investment Group's share expansion financing also suddenly became the headline news of the day, and all parties also carried out a lot of analysis and interpretation.

At the press conference, the reporter's questions about gold futures also touched the sensitive nerves of shareholders such as Citigroup and Wells Fargo, who asked one after another and hinted that Phoenix Investment Group should stop losses in a timely manner. They are willing to spend a lot of money to invest in Phoenix Investment Group because Phoenix Investment Group has a clear investment vision and can make a lot of money. Instead, he wanted to take the risk with Tang Bao...... The reporter said that if gold futures are not stopped in time, it may affect the entire Phoenix Investment Group, and even go bankrupt.

With this doubt.

Citibank, Wells Fargo, and Bear Stearns couldn't sit still, and kept signaling Tang Bao to withdraw from gold futures trading as soon as possible, but they were almost urging. On the contrary, Mitsubishi Bank and Mitsui Bank have not moved at all......

Stop-loss exit?

How could Tang Bao accept the command of shareholders such as Citigroup and Fuguo, for these hints, he replied very unceremoniously, if you don't believe me, you will withdraw directly from Phoenix Investment Group!

Exit the investment?

Suddenly.

Everyone shut up. (To be continued......)