245 Client assets of 90 billion yuan, a leader in the securities industry!(1/2)
After finishing the phone call, Hong Tianwen felt paralyzed all over.
"Oh, HK$300 million!"
"HK$300 million!"
He pressed his left hand on his forehead covered in sweat and fell into deep thought.
Where did he get 300 million Hong Kong dollars in funding now?
In the past, he could get 300 million Hong Kong dollars in funds casually, but now there is nothing he can do about it.
All stocks and assets are trapped tightly.
Now Jiehao Financial Group still holds shares of Washington Mutual Bank, with 120 million shares, with a position of US$3.5 per share, which cost US$420 million, which is counted as HK$3.255 billion.
At that time, Hong Tianwen saw that the share price of Washington Mutual Bank fell to its historical position and went to buy at the bottom, intending to make a big profit.
Unexpectedly, the share price of Washington Mutual Bank fell to 3.00, and now he can't close his position even if he wants to close his position.
Because these 120 million shares were lent to Blackshirt Investment Bank to short Washington Mutual Bank, if Blackshirt Investment Bank does not close its positions, Hong Tianwen will not be able to close its positions.
Only when the Black-Shirt Investment Bank returns the stock to him can he close the position.
Now he regrets lent the shares of Washington Mutual Bank to Blackshirt Investment Bank. If this Blackshirt Investment Bank has not closed its position, he will not be able to close the position.
If he sells out the 120 million shares of Washington Mutual Bank, it can get a lot of cash and solve many problems, but it cannot be sold now.
"Oh, this time it's so unlucky"
"I can't even get HK$300 million, what should I do?"
"Selling a subsidiary of Jiehao Financial Group?"
Hong Tianwen was struggling.
"It would be great if it was a while later. If Morgan Bank acquired Washington Mutual Bank at a premium, I would also make $200 million, and the difficulties would be solved at that time."
Washington Mutual Bank is currently negotiating with Morgan Bank Group. If the acquisition price is $5 per share, $6 per share, or even $7 per share, it will make a big profit.
After all, Bank of America previously acquired Merrill Lynch at an 80% premium.
Morgan Bank Group also had a few times the premium before and acquired Bear Stearns!
It’s just that Lehman Brothers has become an abandoned child, no one wants it!
Washington Mutual Bank is different, someone must have wanted it.
But he was also a little worried that Washington Mutual Bank would follow in the footsteps of Lehman Brothers. If Washington Mutual Bank really goes bankrupt, Zhenhao Financial Group would lose all its money.
"Oh" Hong Tianwen continued to sigh.
At this time he saw a piece of news.
[Bank of America CEO Lewis: Acquisition of Merrill Lynch Securities is the most courageous subprime buyer]
This made him feel like a surging fear in his heart, and he was slightly relieved.
Suddenly his phone rang, and it was Luo Yinghui from the Luo family called him.
After connecting, Luo Yinghui asked him again for funds to protect the market. Hong Tianwen said, "Old Luo, I have no money now to protect the market. You can drag it first, don't worry, drag it down."
Luo Yinghui also said anxiously: "Old Hong, my two elder brothers are also pushing me hard. You can mobilize funds as soon as possible, otherwise our three listed companies will be done.
The stock price listed is very fragile now, and the cash flow of three listed companies has also been extremely problematic, and it requires hundreds of millions of Hong Kong dollars to alleviate it."
"Okay, wait for me for a while, drag it first. If you drag it down, there will be hope." Hong Tianwen comforted: "My current situation is also very bad, but I haven't given up. If you drag it down, the stock market will definitely change. Don't worry."
The two chatted for a while and ended the phone call. Hong Tianwen had just breathed a sigh of relief. The phone rang again. It was Lin Yongfu from Dafu Securities Company.
He chose to connect as soon as possible.
Lin Yongfu said on the phone: "Lao Hong, Dafu Securities Company now needs hundreds of millions of Hong Kong dollars to alleviate the difficulties. Do you still have working capital there? Get hundreds of millions of dollars?"
To be honest, Dafu Securities is not alone. Hong Tianwen personally holds 14.7% of Dafu Securities Company's shares, and Jiehao Financial Corporation holds 28.88% of Dafu Securities Company's shares, and controls a total of 43.5% of the shares.
Now Hong Tianwen is the largest shareholder of Dafu Securities.
The greater the loss of Dafu Securities Company, the greater the loss of Hong Tianwen.
Hong Tianwen said, "Lao Lin, wait, now you all come to ask me for money, but I have many difficulties here, and the capital flow is exhausted. You can find a way to get a loan first."
"Okay, I'll find a way first. You have to raise enough funds in the past two days." Lin Yongfu said: "Otherwise, Dafu Securities Company will be finished. No one wants the Dafu Securities Center at all, and the real estate shrinks severely.
Alas, I have no choice. Zheng Yuanfeng of the Zheng Consortium may have to sell the shares of Dafu Securities Company. Then it will be impossible to imagine that Dafu Securities Company may really collapse."
After the call was over, Hong Tianwen was sweating all over. Dafu Securities Company was over. Then his private holdings, plus the shares of Jiehao Financial Group, a total of 43.5% of the shares had to be finished.
By that time, it was simply unbelievable.
After thinking about it, he called Wu Zhanhai, executive director of Heishang Investment Bank.
He plans to negotiate with Blackshirt Investment Bank to close the position of Blackshirt Investment Bank and return the shares of Washington Mutual Bank to Jinhao Financial Group. As long as Jinhao Financial Group gets enough cash, he can overcome this difficulty.
Of course, negotiating with the Blackshirt Investment Bank and asking the Blackshirt Investment Bank to agree, it would be a terrible loss to form a financial group, but now there is nothing to do, he needs money.
The listed companies of the Luo family need to protect the market. If they do not help the Luo family protect the market, it would be bad.
Because the Luo family spent 1.25 billion Hong Kong dollars on the market protection of Jiehao Financial Group before, if the Luo family sells Jiehao Financial Group's stocks, everyone's losses will be even greater.
There is also Dafu Securities Company.
The stock price of Dafu Securities also collapsed. Lin Yongfu said that the Zheng Consortium intends to withdraw Dafu Securities and is likely to sell Dafu Securities and therefore he must also protect the market and can use this to control Dafu Securities and will merge the Financial Group and Dafu Securities in the future.
Of course, it is not the merger now, because Dafu Securities is now in a lot of difficulties. If the merger is done, it will drag Jiehao Financial Group down the fire pit and then we will finish it together.
The phone was connected, and Hong Tianwen spoke to Wu Zhanhai on the phone: "Mr. Wu, let's talk."
On the phone, Wu Zhanhai asked, "Mr. Hong, what are you talking about?"
Hong Tianwen frankly said: "You close the short orders of Washington Mutual Bank and return the stocks to us to form a financial group, and the price is easy to negotiate."
Wu Zhanhai on the other end of the phone looked at Wang Guanxi, and saw Wang Guanxi shook his head and smiled, so he said to Hong Tianwen on the other end of the phone: "Mr. Hong, we don't plan to close the position for the time being."
Hong Tianwen gritted his teeth and asked: "Mr. Wu, how about we settle the settlement directly at $3.00 per share? Washington Mutual Bank will be acquired by Morgan Bank Group at a premium. I hope you will consider it clearly."
Wu Zhanhai smiled and said, "We have considered it very clearly, and we will not close the position."
Hong Tianwen was furious and asked, "Mr. Wu, how about the settlement of the $2.5 per share?"
At that time, let the Black Shirt Investment Bank close the position. No matter what the closing position is, as long as the 120 million shares are returned to him, he will hold the price of US$2.5 per share to settle.
Of course, after returning the stock to him, he will sell the stock, cash out the cash, settle at a price of US$2.5 per share, with the least being supplemented, and the most not being refunded.
He had no choice but to do this now, because Yuan Kang, Luo Yinghui, and Lin Yongfu all asked him for money.
Wu Zhanhai on the phone said: "Mr. Hong, sorry, we don't plan to close the position yet."
After finishing the phone call, Hong Tianwen was furious.
"Son of a bitch!"
"Damn Black Shirt Insurance, Black Shirt Investment Bank!"
Now he regrets spending money on the stock of Washington Mutual Bank to short the Black Shirt Investment Bank. He originally wanted to cut leeks and charge 2% monthly interest per share, and also wanted Indians to die from Black Shirt Investment Bank.
But I never expected that I was in such a big trouble now and urgently needed cash.
Borrowing the stock of Washington Mutual Bank to Blackshirt Investment Bank, he cheated himself in a bad way.
"Damn it!"
Finally, he decided to sell Jiehao Securities Company, and then he started to ask someone to find a buyer!
Jiehao Securities Company now has HK$40 billion in customer assets, and all other funds have been dropped into the parent company by him.
The annual commission of this HK$40 billion customer assets is also stable, and it can bring in net income of HK$120 million per year.
The bid for Jiehao Securities Company this time is HK$400 million.
However, the buyers ignored it, which made Hong Tianwen puzzled.
Wang Guanxi, who was in black shirt investment bank, also learned that Jiehao Financial Group was going to sell Jiehao Securities Company, and immediately became interested.
Although Blackshirt Investment Bank has no extra cash flow now, he can continue to make loans to Yongheng Bank. So after he talked to Feng Shaokun, he asked the maids to prepare.
In the evening, people from Heishang Investment Bank came to contact Hong Tianwen, and the person who came was the legal team of Heishang Investment Bank.
After reviewing the property status of Hao Securities, Hong Tianwen was directly offered HK$200 million.
Hong Tianwen refused without thinking and asked for HK$350 million.
Then he had a call with Wu Zhanhai from Heishan Investment Bank.
"Mr. Wu, Jiehao Securities Company has 40 billion customer assets. If you want 200 million Hong Kong dollars, just buy it? Think I am a beggar? Is it a fool?"
Hong Tianwen hates Black Shirt Insurance Company and Black Shirt Investment Bank very much, but now he needs money urgently. If he can sell it, he can sell it. Just give it enough.
Sooner or later, he will come back to settle the score with them.
In the end, Blackshirt Investment Bank said 300 million Hong Kong dollars.
Hong Tianwen gritted his teeth and insisted: "HK$350 million"
This black shirt investment bank is simply a bastard. It bargained for HK$300 million. If it were usual, he wouldn't bother to reply a word.
To be continued...