When Zhong Shi and Gao Dongfang appeared at the VIP exit of Wolfsburg Airport, several members of the public were already waiting there, including an international student interpreter.

"Found a little bit of a home away from home!"

Gao Dongfang looked at the wet stains left by the snow on the other party's windbreaker, and sighed with emotion, "Compared with Porsche, it's really different." ”

"You haven't ever seen a closed-door scene, right?"

Zhong Shi said with a smile, "At your level, no matter where you go, you will be hugged from front to back." It's not just closed doors, I'm afraid that like me, there are very few behaviors that are light and simple. ”

"You're still a light car?"

The corners of Gao Dongfang's mouth twitched again, and he couldn't help but glance back at the plane, and teased, "You can be regarded as a light car and a simple follower?" If that's what counts, then I'd rather be light than hug each other. ”

"Alright, stop, they're coming!"

Tightening his neckline, Zhong Shi changed his smiling expression and strode towards the Volkswagen Group.

Gao Dongfang behind him hurriedly followed.

"I really dare not bother you to come to greet you in person!"

After the group sat in the official car of the Volkswagen Group, Zhong Shi and Gao Dongfang were stunned to find that Ferdinand. Piëch was sitting in the car with a smile on his face, staring at them with his eyes blazing.

Zhong Shi hurriedly greeted Ferdinand. Piëch introduced in English, "This is Mr. Gao Dongfang, my companion, and he has come with me this time. ”

The interior of this humble van has been remodeled to be a nine-seater, but the two rows of sofas in the middle have been dismantled to make room for a desk to make it spacious and comfortable. There is no feeling of crowding at all, making it perfect for instant office.

In Ferdinand. Beside Piëch, there sat a thin middle-aged man, wearing glasses, he just looked at Zhong Shi and the others curiously, and when Zhong Shi introduced Gao Dongfang, his pupils contracted rapidly. A look of ecstasy passed through his eyes. In order not to let his expression be noticed by Zhong Shi and the others, he quickly lowered his head, and when he raised his head again after a while, he had already changed into that formulaic polite face again.

"When the distinguished guest arrives, I will naturally greet you personally!"

Ferdinand. Piëch stood up, took two slow steps, and held out his hand towards Zhongshi, "I'm sorry, because of my status. I couldn't show up at the airport in person, so I neglected the two of them. ”

"It's okay!"

Hearing what he said, Zhong Shi realized his abruptness, and after looking at the brown glass, he said with palpitations, "It's true that we didn't think it through. ”

"So, Mr. Zhong seems to have something important to discuss with us?"

Ferdinand, who is as cunning as a fox. Piëch, who had only spoken a few words to Bell Stone. I preliminarily verified what I thought before, and I was overjoyed at the moment. I couldn't help but ask.

"This ......"

Zhong Shi pondered for a moment, looked up, and saw the thin man beside Piëch with a smiling expression, and immediately smiled slightly, and replied cheerfully, "There is indeed something to discuss." But it doesn't matter whether it's important or not, it depends on how we end up talking. ”

"As long as there is something to talk about!"

Ferdinand. Piech suddenly smiled, "As long as we can negotiate, everything is not a problem, is it?" ”

The business car drove away amid the laughter of everyone.

……

Two months later. Entering May, half of 2009 is almost gone.

In the past six months, the world economy has not improved in any way, because the impact of the subprime mortgage crisis has continued and profoundly affected the world economy, and various problems such as employment difficulties, sluggish demand, sharp decline in trade, and falling housing prices have not been fundamentally improved.

There are all kinds of indications that the recovery of the world economy is far from the future, and the current bad situation will continue for some time.

In the international market, crude oil has fallen to the level of $50 per barrel, a full half of the price of more than $100 per barrel from its peak; In terms of copper metal, the price of copper per ton also fell below $4,000, because the demand continued to be sluggish, and the relationship between supply and demand could not be improved in the short term, and experts expect the price of copper to continue to fall; In addition to these important raw materials, the safe-haven varieties of precious metals have risen sharply, with the most notable gold futures rising to $900 per lot, approaching the $1,000 mark.

In global equity markets, the S&P 500 fell to a trough of 666.79 on March 6, its lowest since September 10, 1996, but then the S&P 500 climbed strongly and has so far risen above 900. Hong Kong's Hang Seng Index has fallen from a peak of 31,958 points in 07 to 17,000 points today, a drop of nearly 50%.

The German DAX index also reached a six-year low in March '09, reaching a low of 3,588 points, but that, like the global market, is an extreme performance in times of extreme panic. At the moment, the German index is hovering around 4800 points. The momentum is good but the rise is slow, and there is also no sign of economic recovery.

On this day, the German market opened.

The market price of Volkswagen Group shares remains at a high level of 200 euros per share, and on-exchange and off-exchange transactions are being carried out intensely.

"How?"

An old man walked up to the trader and asked anxiously, "Are there any signs of price falling?" ”

"Nope!"

The red-eyed trader looked up tiredly and replied expressionlessly, "It's still at the position of our strike price, as long as there is a slight upward momentum, there will be a large sell order to smash it immediately." ”

The old man was none other than Wei Dejin, the general manager of the Porsche Group, who had been in charge of acquiring the shares of the Volkswagen Group for the past two months, and when he heard this, he shook his head slightly, sighed, and did not say anything more, but his eyes were full of disappointment.

The Porsche Group wanted to buy the Volkswagen Group at the price of the option, which was originally priced at $160, but after paying a large fee to Zhongshi, the cost was spread over the options, and the exercise price of the options skyrocketed to 210 euros per share. That is, if the Porsche Group wants to exercise its rights. They had to pay a price of 210 euros per share to guarantee a smooth exercise of these options.

In March, due to a worldwide panic, the Volkswagen Group's share price fell to around 150 euros per share, which was very beneficial to the Porsche Group, as they only had to pay a full 60 euros per share below the exercise price. You will be able to buy the corresponding shares.

Unfortunately, it was a critical time for the Porsche Group to negotiate with a consortium of banks, who simply did not have enough money to absorb the shares in the market. By the time they officially took the new money from the bank, the Volkswagen Group's share price had risen again to more than 200 euros.

The new loan agreement signed by the Porsche Group and a number of banks is essentially equivalent to an extension, but unlike the extension, the Porsche Group receives new funds and the interest rate is much higher.

What was originally a loan maturity of 9 billion euros turned into a loan of 10 billion euros. For one year, the interest rate was five times higher than the original one, and the interest rate soared to an annualized level of 6%. As a result, the Porsche Group has received only 1 billion euros in cash, but will have to pay more than 600 million euros in interest in the future.

The time left for the Porsche Group is very short, but the stock price of the Volkswagen Group in the market has remained high, which makes Wei Dejin and others very annoyed.

"Boss. Don't you think this situation is abnormal? ”

After a long hesitation, the trader spoke timidly. "Maybe you don't know, but our front-line operators know it very well. Many times it was clear that the market was in our favor, but soon the situation changed. It's as if there's an invisible hand at work, always working against us! ”

"What do you mean by that?"

Wei Dejin twitched his eyebrows and asked quietly, "What did you hear?" Or do you know something? ”

"None of them."

The trader pouted and shook his head, "We usually just listen to the news in the market, after all, we are the biggest buyer now, and it is too late for others to do everything possible to find out about us." From my observations though. When the Volkswagen Group's share price is low, it will quickly see a large inflow of money, quickly pulling their price up by more than 200 euros. And if the price exceeds 230 euros, there will also be a large amount of spot sales, pushing the price to around 220 euros to 210 euros. This has happened more than once or twice, and I suspect that our reserve price is known to others, so they are waiting for us to exercise and take over. ”

"Our price is top secret, how can it be leaked?"

Wei Dejin shook his head violently, "This is absolutely impossible, not to mention our internal confidentiality system, just the level of knowledge of these reserve prices, the entire group is also known to you traders and a few top executives." If it was leaked, could it be that someone here leaked it? ”

Upon hearing this, the trader resolutely closed his mouth, he did not want to get angry.

After a long silence, Wei Dejin continued to ask: "...... this situation you are talking about?"

"Wait, there is!"

The trader shouted categorically, pointed to the numbers flashing on the screen and said, "See, there was a 10 million euro Volkswagen Group sell order just now, the price was 198 euros, and it was closed in an instant, and the price jumped to 200 euros at once." ”

As he finished speaking, he crackled on the keyboard and brought up the record of the transaction just now.

Wei Dejin squinted his eyes carefully, looked carefully for a long time, made sure that what the other party said was true, and suddenly fell silent again.

"According to the trading rules at this level, because the amount is too large, there will be certain twists and turns in the market, which is because there will be no counterparty for a while and a half. But as soon as they emerged, they were directly bought, and it can only be said that the other party has been waiting for them. If my guess is correct, the other side must have been heavily guarded in the low and high positions. ”

"It's not clear exactly how much money the other party has, but it's certain that they'd love to see us exercise around €210," the trader explained. This is actually a kind of market price manipulation, but for us, the price is not high or low for us to exercise, which has caused us huge trouble. ”

"Causing us a huge problem?"

Wei Dejin was stunned for a moment, and then asked puzzledly, "Why do you say that?" ”

"If the price is too high, we can sell at a higher price after exercising the option, so that we can absorb it when it is low, and we will make a little bit of money accordingly. If the price is less than 210 euros, we will buy the penny shares in the market instead, so that we can absorb the shares in the market without exercising the options. This was originally a very cost-effective deal, but the other party is now limiting the price range to between 200 and 220 euros, leaving us with very little room to operate, so it is a huge problem for us. ”

The trader hung his head and said, "I don't know if it's intentional or unintentional, but it always feels like they're targeting us!" ”

His words exploded directly into Wei Dejin's mind like a thunderbolt from the sky. (To be continued......)

PS: Special thanks to book friend cpower for the monthly pass and heavy reward! Thank you for poisoning you thousands of times, drawing a knife and cutting off oil to vote for a monthly ticket! Thanks for the tip! Although this month is very bleak, but seeing everyone's enthusiastic support, the author expressed his gratitude ~ I hope more book friends can support this book ~