My Dad Is The Richest Man In The City

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Currently, Umbrella Technology is 90% owned by Umbrella Corporation. It stands to reason that it would be no problem to carve out another 20% of the shares.

But it is not safe to hold these shares in the hands of one shareholder, let alone a capital giant like Morgan.

Therefore, Lin Yu can only take out 10% of the shares, and no more.

"Sorry, I can only offer 10% of the shares." Lin Yu still refused Waiters Morgan's conditions.

For the remaining shares of Litton Bank, Lin Yu can apply for delisting and privatization, or even forcibly acquire these shares:

But this will be very troublesome, especially if there are people like the Morgan consortium behind it. If they do anything, it will be even more difficult.

There was no need for the Morgan consortium to go against him like this. After all, Morgan wanted to invest in Umbrella Technology just to make money, so there was no need to get into such a tense situation.

There is nothing Waiters Morgan can do about Lin Yu's firm attitude.

He knew that Lin Yu was too wary of the Morgan family and the Morgan consortium, so he only sold 10% of the shares, not even 5% more.

Waiters Morgan said: "We can promise you that after acquiring the shares of Umbrella Technology, we will not interfere in the operation of the company. You will still have the final say in everything. At the same time, our Morgan family can solve many things for you, such as the privatization of Litton Bank. .....

320 Umbrella has absolute control over Umbrella Technology, while Lin Yu still controls Umbrella Technology.

It is said that Lin Yu has the final say on Umbrella Technology, or the Umbrella Corporation, and nothing else.

"Okay, I agree, but these need to be written into the contract!"

Lin Yu actually wanted to say that this was the condition he was waiting for.

He actually doesn't care much about Umbrella Technology.

As Waiters Morgan said.

Umbrella Technology only has LCD screen patents, battery patents, and some mobile phone patents;

Other graphene patents, new communication technology patents already used on WeChat, and interactive technology patents are not in the umbrella technology company, but in the hands of the "laboratory".

In the future, umbrella technology can actually be thrown away easily, and it is purely used to make money.

What is the use of mobile phone patents?

How long can mobile phones be used in the future?

The reason why Lin Yu acted so tough this time was just to pretend that he took Umbrella Technology very seriously.

Otherwise, by casually agreeing, wouldn’t it be too easy for Waiters Morgan to obtain the company’s shares?

Secondly, Umbrella Technology will be a golden cow for many years to come, and Lin Yu still has to hold the controlling stake in his hands.

Then Waiters Morgan asked someone to start drafting the contract and let Lin Yu take a look. All the necessary contracts were written in the contract, and he signed the contract on the spot.

Lin Yu also received 18.6% of Litton Bank shares from Lishi Bank and 19% of Litton family shares.

It can be seen that Waiters Morgan is also well prepared!

However, the Morgan family obviously didn't want to be too ostentatious. They took 15% of Umbrella Technology's shares and divided it into three parts.

Both Litton Holley and Lexington Bank hold shares, which means they exchanged their Litton Bank shares for Umbrella Technology shares of equal value;

JP Morgan Chase invested $150 and got 5% of the shares, totaling 15%!

In any case, Lin Yu owns nearly 100% of the shares of Litton Bank and can completely privatize and delist Litton Bank.

Lin Yu didn't stop and asked people from Anli Law Firm to handle the delisting matter.

The Morgan consortium will help him take care of it, and I believe that within this period of time, the privatization and delisting of Litton Bank can be completed.

After delisting, the financial aspects and revenue will not be disclosed. In addition, the owner of the bank has changed to Lin Yu, and the nature of the bank has become "Chinese Bank". The bank's depositors may also choose to change banks.

Lin Yu must give bank depositors confidence!

Next, Lin Yu asked Umbrella Company to release news, announcing that WeChat Pay, a subsidiary of Umbrella Company, had reached various cooperation with Litton Bank and launched more services at the same time.

Secondly, it was announced that the overseas fund settlement of the companies under the umbrella company will be reserved at Litton Bank;

Umbrella Technology also announced that the company's valuation reached 300 billion US dollars, and it introduced three shareholders, Dingtian Venture Capital, Litton Holley and Lissie Bank, for 75 billion U.S. dollars, exchanging the shares of Litton Bank for equal proportions of shares. ; JPMorgan Chase also acquired a 5% stake.

At the same time, Umbrella Technology announced that it has received orders from Huawei, Rice, Lenovo and other companies, and the company is negotiating with Apple, Samsung and other companies

There is constant news about Umbrella Company and its subsidiaries. Although a lot of news, such as Umbrella Technology's orders from Warwick and other companies, happened before, many people abroad do not know about it.

The announcement was made mainly to build the reputation of the umbrella company and stabilize Litton Bank's depositors.

However, Umbrella Technology announced that Litton Holley and Lish Bank had exchanged Litton Bank shares for shares of equal value in Umbrella Technology.

In this way, everyone knows... Umbrella Company's shareholding in Litton Bank is close to 100%!

With Litton Bank's important position in the umbrella company, it is a no-brainer that it will definitely choose privatization.

Sure enough, the New York Stock Exchange only approved Umbrella Company's acquisition of Litton Bank in the morning, and Umbrella Company submitted its delisting application in the afternoon. This was not unusually fast.

This series of operations is dazzling, but everyone knows that the umbrella company completed the acquisition of a bank with a market value of 80 billion US dollars!

At this point, the umbrella company began to transform into a consortium!

[Chinese Umbrella Company holds 100% of Bank of Dayton’s shareholding and has submitted an application for delisting to the stock exchange and China Securities Regulatory Commission!]

[Within one day, from approval of the acquisition to privatization, it was completed. The strength of the umbrella company cannot be underestimated!]

[Umbrella Technology is valued at 300 billion U.S. dollars. The Litton family and Lexington Bank chose to exchange Litton Bank shares for Umbrella Technology shares worth a billion dollars! 】

[Umbrella Technology’s current revenue has reached 20 billion U.S. dollars. Apple and Samsung are in contact with Umbrella Technology and will once again contribute more than 13 billion U.S. dollars in orders. Umbrella Technology will also launch a mobile phone business this year!]

[WeChat Uniform has launched the Yu’e Bao function, which has the same interest rate as Litton Bank. Depositing into Yu’e Bao for one day will earn you one day’s interest. You can deposit and withdraw at any time, making payment more flexible! 】

The Umbrella Company has released a lot of news since noon.

At the same time, it applied to the Securities Regulatory Commission and the New York Stock Exchange for Litton Bank to be delisted.

On this day, news about Umbrella Company, Litton Bank, and Umbrella Technology never stopped.

In the WeChat circle, the official public accounts of several companies also continue to announce these news, which are known to many users around the world.

With the help of the Morgan family and the difficulties faced by companies such as Apple, the U.S. Congress could only agree to this application for privatization and delisting, which was even simpler than the previous approval of the Litton Bank acquisition by the umbrella company...