Chapter 105: Negotiations Break Down

"Is this true?"

"George, where did you get this news from?"

"Which Korean consortium are you approaching? How much is ready to finance? ”

As soon as Soros's words fell, the other people present cried out in surprise, but the questions in everyone's hearts were different, and the words asked were also very different.

"Take it easy, guys!" Soros replied with a smile, "The news is naturally true, but I can't tell you the source, but in a few days, the media will hype up the news." In addition, I can tell you that the top management of Kaminarimon is already in a state of flux, because their first-quarter report is so miserable that it is almost about to collapse. ”

Although there are still doubts about the source of the news, no one questions the authenticity of the news, because first, the news is indeed in line with market expectations, and second, Soros is in the same boat with them, and there is no need to deceive them.

"By the way, George, that David. What's going on with Einhorn? ”

While the crowd was silent digesting the news, John. Paulson suddenly asked out loud, "He's in Allen. Thorne's speech shook the market, and now everyone is staring at the Kaminari brothers. If it weren't for me... If you make a move early, I'm afraid that someone else might have discovered it by now. ”

"There are always smart people in this market!" Soros's tone suddenly became stern, "David is one of them, he discovered something that we didn't notice before, and deduced from this that there is a crisis within the Kaminari brothers, which is very rare, and even more effective than our simple 'letting go of the wind'. God, if you don't object, I'd like to pull this guy into our camp. ”

"You're definitely kidding!"

"Nonsense. Of course I'm against it! ”

……

As Soros expected, after his words were spoken, others categorically denied it without even thinking about it. And to Joseph. Lewis was the most vocal in his dissentiveness, "George, you can't do this anymore." You know, there are six of us now. The profit is already limited, and if we were to join one, each of us would get even less. Such foolish words should never be uttered by a shrewd man like you, and for God's sake, don't let him join in. ”

The opposition is so fierce that Soros can't go it alone, so he can only shake his head helplessly and not continue to dwell on this issue.

"What we have to do now is to prevent the South Korean side from reaching an agreement with them to buy it. Otherwise, once they re-inject funds, our early efforts will be in vain! ”

Jim. Chanos didn't join in the uproar, but as soon as he spoke, he got to the heart of the matter, and everyone had to pay attention to what he said.

"But how do we influence the Korean consortium?" Joseph. Lewis thought about it and felt helpless, "I have no experience dealing with the Korean side at all. And we don't have a good idea because it's easy for them to think that we're stakeholders. That won't convince them. ”

"I do have some Korean friends, but their influence is very limited." Kenneth. Griffin said quickly. "They can ask for some information, but more won't help."

As soon as he heard the news, Soros's eyes lit up, and he said directly to Griffin: "Kenneth, since this is the case, then contact your friend first." Right now! Then he explained: "Guys, don't forget, there are people who are more anxious than us now, and if we really let the South Korean side raise money, it will not be us who will be the first to be unlucky!" ”

After he said this. It was only when everyone remembered that Bell Stone had most likely been shorting the Thundermen Brothers before them. Therefore, they are not the ones who are eyeing the financing sector, and they are not the only ones who do not want the Kaminari brothers to get additional funds.

Griffin's movements were fast, and the phone was back online after five minutes," said his counterparts in South Korea, adding that there had been no important events in their country lately. Perhaps the people of the Kaminari Brothers were cautious and did not show any clues. Recently, however, it seems that a big man has appeared in South Korea, and the CEOs of the Korea Development Bank and Hana Financial have gone to greet him. ”

"Who is it?" Soros asked, while opening the Bloomberg terminal, clicking on the shareholder structure of the two companies, and began to study it carefully.

"I don't know!" Griffin shook his head and said helplessly, "They don't know who it is, but it is said that it is very big, and both sides are vying to win it over, they only know that it is a young yellow race, and the others are not clear." ”

"Could it be Bell Stone?" Except for Soros, everyone else had such an idea in their hearts, but the next moment they decisively denied it, because even if Zhong Shi was famous, he would not let the CEOs of the two big conglomerates compete for him, which is really against common sense.

But soon their doubts were answered, "Yes, that's the guy!" Soros said categorically.

"Why?"

A big question mark once again appeared in the minds of others, and almost simultaneously. Just now they had come to a conclusion that defied common sense, and now it had been confirmed by Soros, which made them feel that their heads were not turning fast enough.

"The reason is simple!" Although it was an understatement, Soros couldn't hide the shock in his heart, "Tianyu Fund has been on their list of major shareholders since 98, although there have been reductions during this period, but so far, Tianyu Fund is still their top five major shareholders. ”

"That would explain why they quarreled over Zhong Shi, it turned out that it was all about currying favor with him!" Speaking of this, Soros almost gritted his teeth, "Damn, but now we can breathe a sigh of relief, because he will never allow the South Korean side to inject money into the Kaminami brothers." Compared to us, this guy has a lot of influence in South Korea. ”

"But how did he know that the Kaminari Brothers' people were in contact with the Korean side?" Julian. Robertson asked, puzzled.

Despite the elimination of a potential hidden danger, Soros was obviously not much better, and replied almost in a cursed tone: "There are too many possibilities, maybe he got the news as much as I did." It is also possible that Kaminhamon Brothers contacted someone from the Korea Development Bank or Hana Finance, and as one of the major shareholders, he must have been informed of the relevant news. Damn, if it's the latter. I can only say that this guy's luck is really good. ”

"Then we ......"

Hearing Soros's words, the others immediately felt a wave of resentment, but they didn't care about it, because it was a grudge between Soros and Zhongshi. However, because it is possible to be in the same boat as Zhong Shi now, there are even people who have a faint impression of Zhong Shi.

In the face of interests, personal emotions are completely burdensome. Rational man must completely separate the two. This is also the reason why Soros was able to attract so many people, if he put his feud with Zhongshi first, this alliance may immediately fall apart.

"So what do we need to do?" Finally Joseph. Lewis asked, "We can't do nothing, wouldn't that make us look too incompetent?" ”

"Incompetence is not a bad thing, if you can make money!" Soros, who finally came to his senses, said leisurely, "Continue to short and spread the news, this is what we can do at this stage." It's not clear what that guy was up to. So we continue our strategy, even after that guy lobbied failed, we had to make the South Korean side afraid of the current Kaminari brothers and not dare to get involved. ”

……

On June 4, the Wall Street Journal published an article stating that Kaminmen Brothers is currently facing a liquidity crisis and is seeking financial assistance, targeting overseas.

In the article. The journalist writes: "In South Korea, in the Far East, the Kaminmen brothers approached the state-owned policy bank, the Korea Development Bank. And Zhao Keon-ho, the CEO of Kaminari Brothers in South Korea, is currently in charge of a huge deal. The specifics are unclear, but the biggest possibility is that the Kaminmen brothers are selling shares to a South Korean consortium. ”

As soon as the news broke, the entire market was in an uproar. Despite Dick. Fude has blacklisted The Wall Street Journal, but it still can't hold insiders accountable for breaking the news to the country's largest financial outlet. He was in a hurry in the office, but he couldn't stop the Kaminari Brothers' stock from plummeting in the market, and the Kaminari Brothers' stock price fell by 7% on this day. It closed at $21.40.

And because the stock price fell and the South Korean side once again asked to revise the offer, Kaminari's negotiation team had no choice but to back down again. But gradually, they also discovered that the people they negotiated with were not in charge at all, and these were just a group of low-level staff. After realizing that this sale of equity was unlikely to come to fruition, Mark . Shafair and his colleagues were soon on the return plane.

The declining share price of the Kaminari brothers has made South Koreans afraid to cooperate with them, which is their best excuse. In fact, in just five trading days, Kaminari Brothers' stock price has fallen from a little over $30 to more than $20, a drop of more than 30%, and most importantly, this decline does not seem to be over at this stage. This makes any company that comes into contact with Kaminari Bros. have to be cautious.

Negotiations ultimately failed.

At half past six a.m. on Monday, June 9, Kaminmen Brothers released its second financial statement of the year, with a net loss of $2.8 billion, or an average loss of $5.12 per share. After the market opened, the share price of Kaminari Brothers fell by 10%, and at one point fell more than 15% during the session. And at this time, about Jean Kaminhamon Brothers, chairman of the board of directors, Dick. The sound of Fude getting out of class also began to come out.

Brother Kaminari, it's dangerous! (To be continued......)

ps: Thank you for the book friend Xiaoqi Civilization Miracle and 2000 Raul for the reward of this book! Thanks for the evaluation vote! I hope you will not be disappointed with this book, although there are many difficulties in life, the author will still try his best to persevere. Friends who like this book, please recommend more, collect more, vote more, the results of this book need everyone's joint efforts~