Xuan Changsheng was not at all surprised by the resurgence of Yuan Heisuke. In fact, he has been counting the days for the past few days, wanting to see how good Hara Heisuke's patience will be.

If Wang Zhongyang proposed cross-shareholding construction, he was still puzzled. After a few days, Xuan Changsheng, who had already investigated the situation clearly, had already expected this situation.

With the temptation of the two patents of IPS screen and high-voltage driver IC, how can Hara Heisuke sit down with peace of mind?

"There is a big problem with the funds of the Pan Han Group."

Yuan Heisuke looked at Xuan Changsheng almost condescendingly and proudly, and his tone of voice was unquestionable, and his tone was tough and affirmative.

Xuan Changsheng didn't compete with this Japanese who was like an elm pimple, nodded and looked at him with an inquiring gaze.

The problem with the Pan Han Group's funds can be seen from the fact that they did not continue to inject capital into BOE. Xuan Changsheng believed that with Sharp's power, it would not be a problem to investigate this information. But Hara Heisuke can't just say this sentence and fool things over, this matter is a matter of attitude.

Hara Heisuke also knew that if he wanted to win Xuan Changsheng's attention, he had to come up with some fierce information.

"As early as last year, Zhou Shuo, chairman of Pan Han Group, had a tendency to sing about the decline of Southeast Asia's economy. Based on this, in the past year, Zhou Shuo has successively mortgaged all his stocks and assets in the United States, and borrowed a total of $12 billion from the American financial industry. ”

This is not to say that the stock in Zhou Shuo's hands is worth as much as $12 billion, in fact, counting the shares of Microsoft Corporation, which are rising wildly, Zhou Shuo's US stocks and total company assets are only more than $3 billion. However, through guò mortgage re-borrowing mode. This money can be borrowed from the bank several times the amount of money.

During the period of rapid development, the debt ratio of many companies can even reach 4 or 500%. It is also necessary to rely on the face to take out a loan. With the credibility of the Six Ears Investment Fund presided over by Pang Zhou, this method is really not too difficult.

First of all, the six-ear investment fund pledged its shares to the bank. About $2 billion was loaned, and then used that money to buy dollar bonds. Because of the strength of U.S. dollar bonds, this type of purchase can be extremely easy to borrow from U.S. banks. For the first time, $2 billion will be able to buy at least, at least $4 billion, of bonds. And then with the $4 billion in bonds as collateral, you can still easily borrow $3.6 billion in U.S. banks -- 90 percent of the bonds.

In this way, as long as the mortgage is refinanced after four or five layers, the original principal of $2 billion becomes $12 billion. With a debt ratio of 400%, the Six Ears Investment Fund is simply dancing from the tip of a knife.

"Shhhh

Although he had long known that Zhou Shuo's funds were already in danger, Xuan Changsheng still took a deep breath for this. 12 billion, which is simply unattainable for TPV. Even if it's Sharp. I don't dare to say that I want to face up to a behemoth monster with 12 billion liquidity.

This Zhou Shuo, is he crazy?

"Hehe, we have to admit that this Zhou Shuo does have a hand in technology." Hara Heisuke chuckled, "But since that's the case, it's all the more important to continue on the road of technology." But he just thought that he could also play finance, how could he not suffer losses? ”

"Mr. Xuan may not know much about the economy of Southeast Asia, but Thailand staged a good show last month!"

The more he spoke, the more excited he became, and said with a smile: "Since March this year, the shock fund led by the U.S. Quantum Fund has targeted the Thai economy. I want to suppress the exchange rate of the Thai baht. Of course, they did succeed at first. In May, the Thai baht exchange rate fell to a record low of 1:26.7. I thought that the Fanhan Group saw an opportunity, so it planned to fish in troubled waters-"

"As a result of the Thai government since May. A number of bailout policies have been introduced in a row, which has raised the exchange rate of the Thai baht to a new high of 25.2! ”

"Mr. Xuan, think about it, in this war where there is no smoke of gunpowder. I don't know how much of this $12 billion will be lost! was not emptied by the regulators, presumably it was just his Zhou Shuo's luck. ”

Xuan Changsheng exhaled deeply. I'm glad I didn't get into that whirlpool. Although he didn't have such a speculative mind, even if he stood on the shore and watched. I can't help but feel frightened.

The financial market, no matter how much money you have, is a wave that can overturn.

Although I don't know the specific use of Zhou Shuo's funds, some side news is still easy to find. For example, the quantum fund, because the fund uses the funds entrusted by the customer, it must be truthfully reported. In the operation from March to May, Soros did make money. But in the face of the Thai government's strong counterattack, last month's settlement found a loss of $300 million.

Of course, Yuan Pingzhu can't know about Zhou Shuo's capital loss, and unlike the Quantum Fund, the Six Ears Investment Fund does not need to provide the use of funds to the outside world. In a situation where only the supervised bank can audit the accounts, whether it is Sharp or TPV, it is all left to guesswork to determine what might happen.

But even Soros has drowned in the waves, how can an amateur player like Zhou Shuo be spared?

However, Yuan Pingzhu and Xuan Changsheng were right, Zhou Shuo was indeed losing money on the books.

Since the Thai baht bottomed out, Pang Zhou has been shorting the Thai baht in the financial market. To put it simply, it is to constantly lend Thai baht from other financial institutions and then sell it to Thai banks in a vain attempt to save the market.

Although the value of the Thai baht is slowly recovering, this short selling operation is constantly losing money. But as long as this loss is within the range of 2 billion principal, Zhou Shuo does not have to worry about being liquidated.

In fact, it is impossible for him to invest all of his $12 billion in the Thai market -- the whole of Thailand only has $30 billion in national foreign exchange, and a direct attack on the Thai baht with Zhou Shuo's amount of capital is likely to lead to unpredictable risks and take the East Asian financial crisis out of the orbit of history.

Pang Zhou sold $3 billion in Thai baht before and after, and the total loss was only more than $60 million. The average selling price also reached the ratio of 1 US dollar to 25.5 baht.

However, in the eyes of Yuan Pingzhu and Xuan Changsheng, the return of the Quantum Fund in Thailand is tantamount to announcing the complete failure of Zhou Shuo's financial speculation. Even if there are still rumors on the surface, Soros is not deterred by the Thai government's counterattack, but is trying to organize a third strike against the Thai economy.

But people are very stubborn many times, only believing in what they want to believe, and no one can wake up a person who is pretending to be asleep, Yuan Heisuke and Xuan Changsheng are willing to believe that Zhou Shuo has fallen into great difficulties, which is the embodiment of this commonality.

On the basis of a large amount of specious information, the two arrived at a plausible fact based on their own vision. In fact, Zhou Shuo is indeed losing money, but the magnitude is not as big as they expected.

"So, I don't know why Minister Yuan Ping came to me this time?"

Xuan Changsheng decided to get straight to the point, since everyone has similar information, there is no need to hide from each other. An open attitude also helps to trust each other.

"I heard that BOE intends to cross-stake with TPV. With TPV's shares, IPS screen and high-voltage driver IC patents, it borrowed $800 million from TPV, I wonder if there is such a situation? ”

Xuan Changsheng glanced at Yuan Pingsuke lightly, nodded without hindrance, and said one word softly: "Yes." ”

Obviously, he was already planning to send BOE to the selling Libra, just waiting for Sharp to make an offer.

In this regard, Xuan Changsheng has no psychological burden. Business is business, and if you believe anyone's promises in the business field, it can only mean that you are stupid.

Well, that's against Taiwan. For the businessmen, there is really no psychological burden.

In the previous life, after entering the 10s of the 21st century, the LCD panel factory on the island was once very criticized by the mainland. Just when Japan and South Korea invested heavily in the construction of high-generation LCD panel production lines in China, it was the LCD panel factory on the island that received the great favor of the mainland that did not move for a long time, but was most attentive to the technological blockade of the mainland.

As early as 06, 07, 08 years, the LCD panel industry ushered in a low tide period, Japan, South Korea and Taiwan LCD panel manufacturers have fallen into a situation of low profits or even losses. At that time, in order to rescue the LCD panel companies on the island, the domestic "upper level" even organized a purchasing group to go to Taiwan. b. to procure. At that time, China did not buy Japanese products with better technology or cheap Korean products, but wanted to buy Taiwan with no advantages. Bay goods, what is the explanation?

For several years, billions of dollars of LCD panels have been purchased every year to transfuse the LCD panels on the island. To put it bluntly, it is not to see that everyone is Chinese with the same origin, but to pull them for the sake of compatriots. I only hope that after this crisis passes, Taiwan enterprises can miss the old feelings and give a hand to the mainland's LCD panel industry.

As a result, the LCD industry has picked up, and the domestic BOE has achieved a breakthrough in the high-generation LCD production line with its own efforts, and Japanese and Korean companies have seized the opportunity to quickly set up joint ventures in China. The transfer of technology and business cooperation, regardless of one's intentions, at least does reflect this attitude of importance.

On the contrary, it is the Taiwan company that had high hopes and went to the group every year to brush up its favorability, which is the most chilling. Investment intentions are slow to respond, but technology blockade is the most concerning. In the body of Taiwanese enterprises, it really interprets the scene of Shengmien and fighting Mien. As a result, in the end, the most hated domestic counterparts were precisely those Taiwan companies that survived by mainland procurement. (To be continued......)