My Dad Is The Richest Man In The City

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"I'm just curious, how many shares does Mr. Lin still hold in Umbrella Technology? According to the current valuation of Umbrella Technology, plus the current acquisition of Litton Bank and the spin-off of WeChat Circle, I think Mr. Lin may enter the world this year. The richest man!"

"Seeing that Mr. Lin said at the press conference that Umbrella Corporation will no longer accept any form of investment, it can be seen that Mr. Lin's shares should not be many!"

“Doesn’t this mean that the umbrella company has actually become a foreign-funded enterprise?”

"Haha... The so-called foreign-funded enterprises and foreign companies are a joke; there are a lot of things about using offshore companies to hold company shares. This is just for the sake of higher operating companies and reasonable tax avoidance!"

The Umbrella Company's acquisition of Litton Bank is definitely a big event and is being discussed in the country.

Soon everyone was curious, how many shares does Lin Yu hold in the umbrella company?

According to previous statistics from Hurun Report, Lin Yu held 40% of the shares of the umbrella company, which has now become less than 07%.

Originally, everyone thought that Lin Yu's father was Lin Huayun, and he was not short of money at all, so he would not let his shares be too thin. It seems that they were overthinking.

The company's affairs cannot be accomplished by oneself without losing shares.

Sometimes, companies always need a lot of capital, as well as advanced technology and talents.

Just like the 'mysterious team' behind the umbrella company, it is definitely a super powerful team. If they are not given shares, they will never stay in the umbrella company;

The second is the advanced technology of Umbrella Technology. Perhaps it is the technology introduced by Umbrella Company this time to become a shareholder?

This acquisition of Litton Bank involves US$50 billion in capital, which must be capital investment.

No one will doubt that the introduction of shareholders by the umbrella company this time is fake news.

When the U.S. stock market crashed this time, Lin Yu only received a small amount of funds on the surface. Secretly, it was the Red Queen who took action. No one knows who it was. Therefore, the source of funds obtained by the Red Queen can be regarded as imported funds.

Except for Lin Yu himself, no one knows the specific shareholding status of the umbrella company.

U.S. Congress.

The umbrella company held up placards and submitted written evidence of the acquisition of Litton Bank to the Securities Regulatory Commission and the Stock Exchange, and has now been sent to Congress.

In normal times, even if this acquisition had been completed, the United States would have intervened and would not have agreed to the acquisition on the pretext that the acquisition threatened U.S. finance.

DJE......

Apple and other companies are currently being sued by Umbrella Technology, the Supreme Court of China, and the State Administration for Industry and Commerce. The sales ban on Apple and other companies has not yet been lifted.

The United States' further involvement in Umbrella Corporation's acquisition of Litton Bank will be a big trouble for companies such as Apple, and even the United States.

China's ban on the sale of products from Apple and other companies actually reflects China's attitude. If it intervenes in this acquisition... it will be even more troublesome in the future.

The United States is not afraid of trouble, but it is a country controlled by consortiums. This intervention in Litton Bank's acquisition will be a bigger blow to the American capital market and many large companies.

Therefore, the United States can only say that it suffered a dumb loss this time and cannot interfere in the acquisition of Litton Bank by the umbrella company.

The U.S. Congress also secretly scolded Lin Yu for being cunning!

They actually announced the acquisition of Litton Bank at this time, so they couldn't get involved at all.

Litton Bank, which has a market capitalization of US$70 billion, spent more than US$54 billion to acquire 62.4% of its shares. It simply did not use money as money.

At the same time, it can also be seen from this that Lin Yu seized this opportunity to complete the acquisition of Litton Bank, because he was sure that the United States would not be able to intervene in this acquisition.

The reason why patent authorizations from companies such as Umbrella Technology and Apple were not signed on the spot may not be because there were too many patents involved and required preparation.

It was to buy time and wait until the acquisition was completed before the deal would actually be signed.

The next day, the US Securities Regulatory Commission and the New York Stock Exchange announced that they had approved the acquisition of the umbrella company!

At this point, the United States and the world are in an uproar.

The United States ultimately did not intervene in the acquisition, and the umbrella company officially entered the financial field.

Many people around the world are paying attention to this news, and global media are rushing to report on this transaction.

Lin Yu also appeared at the New York Stock Exchange. When the stock exchange approved the acquisition, Lin Yu shook hands with the head of the New York Stock Exchange's board of directors.

The head of the Board of Directors of the New York Stock Exchange made a speech: "The United States is a free and fair country. The acquisition of Litton Bank by the umbrella company is a normal acquisition. The United States welcomes any company to list in the United States, and also welcomes umbrella companies to the United States. Listed on the stock exchange…”

The old man said a lot, but in short he was bragging about fairness in the United States.

If Apple and other companies had not been restrained this time, would the United States have approved this acquisition so easily?

It’s just a joke!

But no one said it, even Lin Yu.

After the head of the New York Stock Exchange's board of directors finished his explanation, Lin Yu also said:

"I am very grateful to the Board of Directors of the New York Stock Exchange and the U.S. Securities and Exchange Commission for passing this acquisition so quickly. [This also makes me feel the freedom and fairness of the U.S. trading market."

"After completing the acquisition of Litton Bank, WeChat Pay, a subsidiary of the umbrella company, will have in-depth cooperation with Litton Bank!"

"Currently, the number of WeChat Pay users worldwide has reached 700 million. WeChat Pay will gradually launch credit services and more flexible financial services!"

Lin Yu is ready to turn WeChat payment into a diversified mobile payment like Alipay.

The acquisition of Litton Bank this time will allow it to develop credit card business, credit services such as Jiebei and Huabei, balance storage and financial management services.

At present, WeChat Pay has not dared to use the funds accumulated in WeChat Pay in China, because it is afraid of touching the bank's cake.

Now that Litton Bank has been acquired, everything is easier to handle. At least this service can be launched abroad.

The domestic banking industry will also be affected, as long as negotiations with the central bank are accelerated.

At 10:30, the New York Stock Exchange opened. Litton Bank's market value increased by 15%. The head office's market value increased by 10.5 billion U.S. dollars, and its market value exceeded 80 billion U.S. dollars.

Lin Yu felt helpless as he watched the market value of Litton Bank skyrocket.

The increase in the market value of Litton Bank is a good thing, but it also means that he needs to pay a greater price to privatize Litton Bank.

Lin Yu shook hands with the head of the board of directors of the New York Stock Exchange and left, returned to the hotel, and prepared to sign patent and related licensing agreements with Apple and other companies.

Now that Litton Bank has completed its acquisition, and the matters with Apple and other companies have been completely resolved, I might be able to catch up with the New Year's Day if I go back early.

However, after he returned to the hotel, the first person to arrive was not people sent by Apple and other companies, but JPMorgan Chase Bank...