My Dad Is The Richest Man In The City

Chapter 134: Morgan Consortium [Please Subscribe For 3 More Updates]

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Lin Yu thought that the first people to come to his door would be companies such as Apple, or venture capital institutions.

This time, after Lin Yu announced that the umbrella company would introduce investment, his shares were diluted, and the umbrella company would no longer accept venture capital or other forms of investment.

But Umbrella's subsidiaries are still very attractive.

However, Lin Yu has never considered distributing the shares of the subsidiary to unnecessary people, unless it is a powerful consortium.

The first person who found Lin Yu was JPMorgan Chase Bank. To be precise... it should be the JP Morgan Consortium.

"Hello, Mr. Lin Yu, please introduce yourself. My name is Vitus Morgan, director of JPMorgan Chase Bank!"

Lin Yu returned to the hotel from the New York Stock Exchange, and Mo Yushi told him that someone was visiting, a man named Morgan.

Lin Yu asked the Red Queen to check this person's information.

Waiters Morgan, a middle-aged man in his forties, is not only a manager of JPMorgan Chase Bank, but also an important member of the Morgan family.

The Morgan family started in the UK, with Peabody Morgan Bank, J.S Morgan Bank, and Morgan Stanley, which were later acquired by Deutsche Bank. JS Morgan Bank entered the United States and became the largest bank in the United States, even the U.S. central bank, in charge of securities. business.

When the Morgan family was at its most glorious, it was known as the "Napoleon of Wall Street." He twice brought the U.S. economy back to life. Some people once joked that three generations worked for it.

But it flourished but declined.

The Titanic, an unprecedentedly large cruise ship ordered by the Morgan consortium, sank in the North Atlantic, which also became a turning point in the fate of the Morgan family.

As a result, the Morgan consortium faced a series of congressional accusations and was forced to accept investigations. The old Morgan even died mysteriously two months later. The Federal Reserve also quickly took action, replacing the Morgan family's position as the U.S. central bank for more than 150 years!

Afterwards, the U.S. stock market plummeted and fell into the unprecedented Great Depression. President Hoover quickly conducted an investigation and evidence collection to investigate the forces secretly manipulating the stock market.

All signs point to the Morgan consortium, which is also in trouble.

In 1933, after Roosevelt came to power, he took action against the Morgan family and introduced the Glass Steele Act. The Morgan family's securities business and commercial banks were split up: Morgan Bank, Morgan Stanley, and Mobil Bank. , Guaranty Trust Company, First National Bank, and other branches.

This split was a huge blow to Morgan Bank, but the Morgan family has still developed to the present, eventually forming the most powerful capital tycoon on Wall Street, the 'Phantom Consortium'.

The Morgan family is still active in the U.S. capital market and is one of the top ten financial groups in the United States.

"Mr. Waiters Morgan, what do you want from me?"

Lin Yu sat down and also asked Waiters Morgan to sit down.

As for what happened to this member of the Morgan family, Lin Yu found out through the Red Queen's investigation that Lexington Bank was also a property of the Morgan family.

As a result, Litton Bank holds 18.6% of the shares in Litton Bank, which naturally belongs to the Morgan consortium.

There is no doubt that Waiters Morgan is here for this.

As for what he wants, there is no need to guess and just sit down.

"We also have cooperation with JPMorgan Chase, Morgan Stanley Bank, and Umbrella Corporation."

JPMorgan Chase, Morgan Stanley Bank, Wells Fargo and other banks all cooperate with Weixin Payment in the field of international trade settlement.

It is absolutely correct to say that they cooperate with the umbrella company.

Lin Yu nodded slightly and motioned for Waiters to continue.

Waiters Morgan said: "Leeds Bank holds 18.6% of the shares of Litton Bank. Even if the Litton family holds 19% of the shares, we, JPMorgan Chase Bank, can help you lobby...

"What do you want?"

Lin Yu tapped the table gently, looked at Waiters Morgan, and asked unhurriedly.

"Equal-valued umbrella company shares, or even less-than-equal-valued shares, are fine!" said Waiters Morgan.

Lin Yu shook his head, not thinking about it at all: "It's completely impossible, the umbrella company will no longer accept any form of investment!"

Waiters Morgan was not surprised to see Lin Yu answer so simply.

The reason why he asked for the shares of the umbrella company was actually just a test.

Lin Yu said before that he would not accept any form of investment, but Waiters Morgan was a little unwilling, so he planned to give it a try.

"Really don't think about it? Don't you need to listen to our JP Morgan Chase Bank's valuation of the umbrella company?" Waiters asked in return.

But Lin Yu still shook his head: "No need, if I sell shares now, the company will lose control!"

"Okay..." Waiters no longer pressed, and could only settle for the second best: "Then we want shares of Umbrella Technology Company of equal value!"

"The current market value of Litton Bank is 80 billion. The Litton family holds 19% of the shares and Lish Bank holds 18.6%. The price is 30 billion U.S. dollars. We, JPMorgan Chase Bank, are willing to invest another 30 billion U.S. dollars, totaling 60 billion U.S. dollars, to protect Umbrella Technology 20 % of the shares!”

In other words, this time the umbrella company does not need to contribute capital. It only needs to take out 20% of the shares of Umbrella Technology to completely control Litton Bank, complete the privatization, and receive US$30 billion in cash.

Lin Yu thought for a moment, then shook his head: ""I can accept 30 billion U.S. dollars in investment in Umbrella Technology using Litton Bank's shares, but I will not accept investment from JP Morgan Chase."

"And Litton Bank's share investment in Umbrella Technology can only get 8.6% of the shares!"

"Your valuation of Umbrella Technology has increased to US$350 billion?"

Waiters frowned slightly. He knew that someone from China invested US$30 billion in Umbrella Technology and got 10% of the shares. Then the valuation of Umbrella Technology should be US$300 billion.

But now it has actually increased by as much as 50 billion?

Isn’t this rising too fast?

Waiters couldn't accept it: "Currently, Umbrella Technology only has LCD screens, LCD panels, mobile phone screens, battery patents, and mobile phone patents. The graphene patent belongs not to Umbrella Technology, but to Umbrella Laboratory."

"And Umbrella Technology has licensed these patented technologies, so the valuation is too high and 8.5% of the shares are too few!" (Good money)

Lin Yu also said: "The previous valuation of Umbrella Technology was based on the fact that it could not be launched abroad. Now that Apple and other companies have withdrawn lawsuits and banned sales, Umbrella Technology's products can be sold globally in the future."

"This time Apple and Samsung have also placed orders with Umbrella Technology. The first batch of orders for mobile phone screens and batteries has reached nearly 100 million units. The orders from these two companies alone can bring revenue of 130 million to Umbrella Technology. More than billions of dollars!”

Waiters also argued: "The valuation of Umbrella Technology also needs to take into account the licensing of patents. The original valuation here is 300 billion US dollars, and it even needs to drop. Even if we consider that companies such as Apple will no longer sue Umbrella Technology, Umbrella Technology's products If it can be sold internationally, the valuation will remain the same at best and cannot be improved!"

"The remaining shares of Litton Bank are valued at US$30 billion, and JPMorgan Chase Bank will invest another US$15 billion to protect at least 15% of Umbrella Technology's shares."

This is the minimum requirement for Waiters Morgan!.

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