The two will continue negotiations tomorrow.

And he has been criticized for this acquisition in South Korea.

South Korean Democratic MP hong     jae   hyong criticized: Min Woo-sung's attempt to acquire Lehman Brothers was a "ridiculous" deal that made South Korean banks embarrassed in front of the world.

He even pointed out that Min Youcheng was "too enthusiastic and unrealistic" in the acquisition of Lehman Brothers.

Mo     Jae     sung, a fund manager in Seoul, said: "It is difficult to assess whether the offer price of the Korean Industrial Bank is reasonable, because if the deal was achieved at that time, Lehman Brothers might be on the road to recovery.

If Korea Industrial Bank acquires Lehman Brothers shares at any price, I don’t really believe Lehman Brothers will go bankrupt, but I believe Min Youcheng won’t do stupid things.”

Another member of parliament: "Lehman Brothers is in debt of $600 billion and will lose $7 billion in the third quarter. How can we acquire such a company!

Want to drag Korean banks into the water?

If Min Youcheng acquires Lehman Brothers, he will undoubtedly bring the subprime mortgage crisis to South Korea, he will be fired and sued."

··

Min Youcheng was immediately under great pressure. The next day, when he woke up, he negotiated with the president of Lehman Brothers again and offered a minimum price of 6.40 US dollars per share.

But it was rejected by Lehman Brothers president Chad Fuld, who asked for $17.50 per share!

Because his friend Soros strongly opposed the price being less than US$15.00 per share, and Soros's position building cost is at US$14.00, Soros still has to make money.

Chad Fulder himself was very arrogant, thinking that Min Youcheng offered a price of $6.4 per share was a humiliation to him.

If you don’t buy it, I will sell it to Bank of America and Barack Bank of England!

However, Min Youcheng directly refused the high price, and the negotiations broke down.

The news was soon reported.

Bloomberg reported that due to major differences in prices, the negotiations between the two sides have been "in trouble", but neither Lehman Brothers nor South Korea Industrial Bank issued any statement.

South Korea reported that Lehman Brothers rejected a holding offer of $6.40 per share for South Korea Industrial Bank.

South Korea Industrial Bank originally managed to acquire Lehman Brothers' brokerage business and asset management department. However, Lehman Brothers wanted to get an offer of $17.50 per share, and the negotiations broke down.

At this moment, Blackshirt Insurance Company, Wang Guanxi was particularly excited. The stock price of Lehman Brothers will plummet tonight!

Huang Shaokai said excitedly: "Boss, Lehman Brothers' stock price will fall below 10.00 tonight, and aig Group will definitely not dare to protect the market anymore."

Zhang Dexi also said: "Yes, Lehman Brothers' stock price will definitely fall to US$6 this time."

Wu Zhankun smiled and said, "I can't stop thinking, haha."

Wang Juehao also said: "This time, the major shareholders of Lehman Brothers Company suffered heavy losses."

Bai Weiqiang said: "Aig Group, Soros Quantum Fund will lose to death."

Wang Guanxi smiled and said: "Previously, the insurance company under the aig group wanted to acquire Blackshirt Insurance. In the future, we will acquire AIA."

At this time, Brian Schreiber's phone call came again, and Wang Guanxi answered.

On the phone, Brian Schreiber said: "Mr. Wang, we hope you close your position after the stock market opens, how can we settle at a price of $9.00?"

His boss also called him and told him that he suggested that the Blackshirt Insurance Company close the position, settle the stock directly at a certain price, and then return the 100 million shares to aig Group!

But the agreement has just been signed, and I don’t know if the Blackshirt Insurance Company will agree to settle the settlement at a price of $9.

Wang Guanxi smiled and said, "Mr. Schreiber, sorry, I want to wait for a while."

After the call, Wang Guanxi went for dinner.

··

As for Soros Quantum Fund, Soros looked gloomy.

This time, there will be heavy losses at Lehman Brothers.

The stock price will definitely fall sharply at the opening, falling below the 10.00 position. This is a very critical position. Once it falls below, investors will sell wildly, but the confidence of the major shareholders of Lehman Brothers is shaken.

Luojia Powers asked in fear: "Boss, do we still have more holdings tonight?"

"No, close the position!" Soros looked gloomy.

The situation at Lehman Brothers is getting worse and worse now. If the negotiation fails this time, the following negotiations are even more difficult.

The South Korean Industrial Bank offered only $6.4 per share, while the cost of building a position of $14.00 per share, totaling 100 million. According to this acquisition price, he would lose $7.6 per share.

He would have to lose 760 million US dollars, which he could not accept.

Bank of America and Barec Bank of England will offer a lower price, and will not exceed the price of Korean Industrial Bank.

The subprime mortgage crisis is getting worse and worse, and Lehman Brothers' stock price will only get lower and lower in the future. He plans to sell Lehman Brothers' stock!

Give up!

He was annoyed when he thought of the short sellers who had been against his Quantum Fund recently!

Where did he learn from Aig Group that it is an insurance company in Hong Kong, Hong Kong Blackshirt Insurance Company!

Remember this account first and find it back next time.

At this moment, Lehman Brothers, the president's office, Chad Fuld spoke to his assistant Ross Calfreira: "Sell out all the $100 million stocks that were previously increased by the market at the opening."

Chad Fuld had previously spent $100 million to increase his holdings in Lehman Brothers shares and invited Soros to increase his holdings. Now he has a loss on the books.

If the negotiation fails, investors in the market will definitely sell Lehman Brothers' stock.

He's the first to sell.

"Yes, President" Ross Cabrera also looked at her boss helplessly.

Then Chad Fuld's phone rang, so he left the office.

At night, when the stock market opened, Quantum Fund began to sell Lehman Brothers' stocks, and Ross Caffrera was also selling. There were other investment institutions that were also selling Lehman Brothers' stocks.

Needless to say, the stock price naturally fell sharply!

It fell directly below $10.00 per stock, falling all the way!

aig Group and Wellington Asset Management Company no longer dare to protect the market!

The stock price fell to 9.00!

Falling to 8.00!

··

6.00 location!

It fell to $5.50 per share!

The decline is as high as 45%!

"Boss, we lost $700 million." Loga Powers sighed. This time, Quantum Fund held 100 million shares of Lehman Brothers' shares, with a position building at 14.00, an average position closing at 7.00, and a loss of $7 per share.

"Yeah, I got it." Soros's face was a little distorted.

This time, Soros Quantum Fund lost $700 million, and he needs to be quiet.

Soon the stock price rose by another $0.5, which was the one that Aig Group had just increased its holdings.

At this moment, the headquarters of Blackshirt Insurance Company, all the senior executives gathered here. All of them stood in front of Wang Guanxi, and Wang Guanxi said: "Close the position"

"Yes, boss" Huang Shaokai and others were very excited.

Then the Blackshirt Insurance Company began to close the position.

1 million shares!

1 million shares!

1 million shares!

···

Suddenly, the stock price of Lehman Brothers also turned around and rose!

Because Blackshirt Insurance Company is closing its position, shorting 100 million shares will be equivalent to buying 100 million shares.

Lehman Brothers quickly rushed to $11.00 per share.

The average closing position of Blackshirt Insurance Company is 8.40, earning US$4.1 per share, with a total of US$410 million!

This time I spent a total of US$1.03 billion on shorting, and the net value of the account was as high as US$1.44 billion!

The results are good.

So Wang Guanxi knew that Lehman Brothers' stock would fall to 0 in the future, but that was the future, and he still had to short aig Group!

Huang Shaokai said excitedly: "Boss, we won this time."

Wu Zhankun also said: "The profit of more than 400 million US dollars is more than 3 billion Hong Kong dollars."

The news came out at this time.

[Investment master Soros lost $700 million at Lehman Brothers]

"Walk by the river often, how can you not get your shoes wet?"

The famous international investment tycoon Soros unexpectedly also fell into the subprime mortgage crisis.
To be continued...