Chen Jiulin's cry of joy spread to the assistant's office next door, and several people who were working were a little surprised. Chen Jiulin is known as the king of aviation fuel and Chen Taiban in Singapore, how can he cry when he cries?

Chen Jiulin was fine when Song Yuqi had just made coffee and sent it in, obviously Lu Jing had already told him that he would save the Singapore branch of the Fourth Petroleum, and he sighed a little in his heart.

With a loss of nearly US$400 million, the Singapore branch of Fourth Petroleum is already on the verge of bankruptcy, and will continue to lose money as oil prices rise, Chen Jiulin should be very clear about what fate he will face.

Suddenly hearing that Lu Jing would actually help, Chen Jiulin's feelings were not out of control, but it was strange. Many people's appearance after being in a desperate situation may not be better than Chen Jiulin's at the moment.

Yu Le leaned back on the soft chair with his hands behind his head, and said lazily: "Sister Yuqi, wasn't Chen Jiulin fine when you poured coffee in just now." I thought he had foreseen that Lu Jing would help. ”

There was a hint of sarcasm in Yu Le's tone. In fact, as long as Chen Jiulin was a little more confident and knew a little more about Hehua, he would be able to know what the result of Lu Jing's appointment with him was.

$4 billion in cash and China can be taken out, what is $400 million?

Singapore is located in the Strait of Malacca, which is a key node for oil trading and ocean transportation. The fourth oil company was able to monopolize the supply of domestic jet fuel because the Singapore branch provided jet fuel.

When Chen Jiulin was named Asia's business leader, when King Abdullah II of Jordan received him in Shunai on the shores of the Dead Sea, he expressed the idea of becoming a fourth oil company. This can be known from the collection of Chen Jiulin's speeches in the media.

However, after Chen Jiulin faced a series of blows, he had lost his courage, ability, and aura in the past. Yu Le looked down on him in his heart.

Mo Jingwen's ability and knowledge have increased recently. Knowing the potential meaning of Yu Le's words, he smiled: "How can this be foreseen?" You are a bystander pro. It's really going to be you. I may not be so sure. You must know that Lu Jing had asked Sister Yuqi to refuse Chen Jiulin's request to meet several times before. ”

Song Yuqi nodded. "Four times in total." I guess he came with a 1/10,000 expectation. ”

Mo Jingwen smiled brightly and said, "So..., Yu Le, if Kou Xiaoman breaks up with you one day, will you lose control?" ”

Song Yuqi and He Mengming both giggled. Yu Le and Kou Xiaoman's relationship has been full of twists and turns, and they have been together recently anyway. It is said that Yu Le went to see Kou Xiaoman's parents.

Mo Jingwen's ridicule made Yu Le have a black line on his forehead, and said, "Jingwen, this is different. "My mind turned, don't say it. It is really possible that there will be the situation that Mo Jingwen said. Xindao: Jingwen seems to have become a lot worse recently.

Laughing, He Mengming said softly with a little worry: "Sister Yuqi, with the current trend of international crude oil futures continuing to rise, if we invest in the Singapore branch of the Fourth Petroleum Company, it is conservatively estimated that we will lose 500 million US dollars." Are we building yì and they cut the position directly? ”

The total number of oil options traded by the Singapore branch of the Fourth Oil Company has reached 52 million barrels. It imports only 15 million barrels a year. This volume of oil options contracts was spread across the 12 months of 2005 and 2006, of which 34.12 million barrels were in 2006, accounting for 79% of the total market volume.

After Hehua invested in the Singapore branch of the Fourth Petroleum, in order to ensure the income, it was prudent. The position should be liquidated directly and the loss should be settled. And then inject capital into it to promote its development. With Hehua's financial resources, it is enough to achieve Lujing's goal of keeping the Singapore branch of Fourth Petroleum.

But. Listening to Lu Jing's words, he didn't seem to plan to do this.

Song Yuqi shook her head directly, she knew Lu Jing's thoughts very well. "Lu Jing's idea is to make a margin call. Contracts that expire are closed directly. He said that he was sure that international crude oil futures would fall before the end of the year. ”

He Mengming, Mo Jingwen, and Yu Le all took a slight breath of cold air. It's a bit of a big gamble. Don't drag Chen Jiulin into the water with Huadu. Didn't the Bank of Bahrain collapse because of a trader's loss?

…

…

The middle-aged man who was dozens of years old cried in front of him, and Lu Jing was still a little shocked in his heart. Quietly smoking cigarettes and drinking tea, waiting for Chen Jiulin to calm down.

Half ringing. Chen Jiulin's feelings slowly stabilized, sat down on the sofa, wiped his tears with a tissue, and said with red eyes: "I'm sorry, Mr. Lu." I was so happy to hear the news that I lost my temper. ”

Lu Jing shook his head gently, he knew this was the case, why bother in the first place. At the earliest, on March 28, 2004, the Singapore branch of Fourth Petroleum lost $5.8 million in oil futures. If Chen Jiulin had stopped speculation earlier, how could there be so many things?

Chen Jiulin has the ability. Judging from his past experience, it is because he overcame many unimaginable difficulties to develop the Singapore branch of Fourth Oil, which makes him think that he can overcome all the difficulties he faces, including covering up the losses incurred from this oil futures investment.

Now, of course, the end result is that he can't hide it, and he's about to be finished. exposes the adventurous and speculative side of his character. For the saddest economic figure of 2004, Lu Jing has a bad sense.

It's just that Lu Jing doesn't want the Singapore branch of the Fourth Oil Company to collapse now. Once it goes out of business, domestic jet fuel imports may be controlled by foreign capital, to be specific, by the Mitsui consortium. This is something he doesn't want to see.

Lu Jing's actions made Chen Jiulin feel a little apprehensive, and said, "Mr. Lu, what do you think of the crisis faced by the Fourth Petroleum Singapore Company?" ”

After lighting some cigarette ash, Lu Jing asked rhetorically: "Mr. Chen, what are your reflections on the loss of the Singapore company speculating on international crude oil futures?" ”

Chen Jiulin was stunned, his words were too sharp, and some conclusions that he had repeatedly thought about when he regretted it during this time came to his mind. If he was given another chance to do it all over again, he would certainly not repeat the same mistakes. Said bitterly: "Mr. Lu, I was made a bureau by Goldman Sachs and Mitsui this time. ”

He negotiated with Jierun in January to use Jierun's multi-year trading to wipe out a 2 million barrel short contract. Following the guidance of Jierun, in March, the company's book loss reached $5.8 million.

And when the loss reached $30 million in June, he negotiated with Jierun and gambled according to their plan. The end result was that in October, when the company's life and death reached a loss of $180 million, the representative of Jierun could no longer see a kind smile on his face. The option left for him was to lose money and leave.

In addition, Jierun began to tear his face and let Mitsui Energy Risk Management Company come forward to force the position. J-Aron, a commodities company owned by Goldman Sachs, has been its most profitable division. At one time, Goldman Sachs contributed two-thirds of its profits.

As for the relationship between Goldman Sachs and Mitsui. Sumitomo Mitsui Banking Corporation holds a 12.6% stake in Goldman Sachs. Goldman Sachs holds a 7% stake in Sumitomo Mitsui Banking Corporation. If he can't see that this is a game, then his IQ is worrisome.

This sentence is in one sentence. Lu Jing nodded lightly and said, "Mr. Chen, I hope you don't go to your opponent for reference next time." "I couldn't understand the stupidity of his cards to reveal all his hole cards to his opponent.

Chen Jiulin smiled bitterly. It's stupid to think about yourself. In the futures market, big fish eat small fish. Fourth Oil Singapore plunged headlong into the water and instead sought protection from a "tiger shark" like Goldman Sachs. You don't know that the tiger shark's idea is to swallow itself in one gulp. This is much more "delicious" than charging a consultation fee.

Stabbed Chen Jiulin, Lu Jingdao: "I already know the composition of the futures contracts held by the Fourth Petroleum Singapore Company. The expiration will take the way of liquidation. If it doesn't expire, I will inject margin. ”

Chen Jiulin was shocked and said, "Mr. Lu, if you do this, it will bring a lot of losses to Hehua. ”

If this approach is adopted, Hehua needs to be prepared to lose at least $800 million. Now the international oil price is rising slowly, one price a day. The Fourth Petroleum Singapore Company did not save it, but put Hehua into it.

For Lu Jing's help, he was very grateful. With Hehua's capital injection, he can avoid prison. Fourth, the oil Singapore company is still saved. Therefore, trying to stop Lu Jing's risky approach. With Hehua's financial resources, the most important thing is to cut the position and lose money, and then inject capital into the development.

Lu Jing smiled and said, "Mr. Chen, I have already decided." Danger and opportunity coexist. In order for the fourth oil Singapore company to develop, it still has to win the profits it deserves in the futures market. He nodded at Chen Jiulin in a cold tone, "Mr. Chen, Goldman Sachs won't know my plan tomorrow, right?" ”

This was said very seriously, Chen Jiulin sweated a little on his forehead, and hurriedly said, "No, no." ”

After beating Chen Jiulin a few words, Lu Jing didn't care about himself, and said, "You go back and check the people in the Singapore company." ”

Chen Jiulin also had a little bit in his heart at this time, and solemnly agreed, "I will." After thinking about it, he reminded: "Mr. Lu, if you want to inject capital, you need to agree with the bosses of the headquarters." Of course, the CEOs should agree. In addition, your plan needs to be agreed by the South President who is currently based in Singapore. The most recent batch of contracts expired on Nov. 18 and was worth about $60 million. ”

Lu Jing snorted and said in a deep voice: "I will appoint my assistant to Singapore to discuss the details of the capital injection." I will communicate with you there. ”

After the appointment of the eldest brother comes out, these are all trivial things. At present, the appointment of the eldest brother is only circulating in a small area. It was not announced.

Seeing that Lu Jing was confident, Chen Jiulin nodded and put his mind at ease. The nerves that had been tense relaxed and a sense of tiredness welled up in my heart.

Song Yuqi sent Chen Jiulin away, and when she came back, Lu Jing called the assistants for a meeting. This matter is his private matter, and there is no need to hold a video conference within Hehua. Of course, you need to be notified in the future.

The faint fragrance of tea lingers, and the early winter sun shines in outside the window.

Several people chatted about their evaluation of Chen Jiulin, and after talking for a while, Lu Jing instructed: "Yuqi, you take Yu Le to Singapore to discuss capital injection with the Fourth Petroleum Singapore Company. (To be continued......)