The Most Powerful Tycoon Reborn In Xiangjiang

Chapter 478 Cash crisis (7K chapter, please subscribe~)

Saturday, June 12, 1976!

The U.S. stock market is closed today, but this did not make those energetic Wall Street elites feel that their energy has no place to rest, because the acquisition of Ford Motor by North America is still the most lively news on Wall Street.

On one side is the richest man in Xiangjiang, and the dragon crosses the river!

One side is the North American consortium, and the tiger is lying in the forest!

It's just that Chu Huan's side is very powerful now. First, by acquiring the shares of some major shareholders of Ford Motor, and then sweeping the stock of Ford Motor in the stock market, it looks like he must become a major shareholder of Ford Motor.

The Ford family, on the other hand, seems to be very low-key. Up to now, there has been no public action, which makes the Wall Street elites curious.

Is the Ford family sure of winning? Or is it an undercurrent?

It was under such circumstances that North American Automobile Co., Ltd. suddenly announced through KKR that it will hold a shareholders meeting of Ford Motor as one of the major shareholders of Ford Motor next Monday, June 14, to discuss the re-election of board members to join Ford. The car board thing.

"Finally the second move!"

After hearing the news, the entire Wall Street reacted immediately. When Chu Huan’s North American armor library purchased Ford Motor’s shares, someone was analyzing that Chu Huan wanted to have a say in Ford Motor. The first step was to acquire The stock of Ford Motor has become a major shareholder, and the second step should be to enter the board of directors of Ford Motor!

Aside from being excited, these people are also watching the reaction of the Ford family. Will they be as stable and motionless as old dogs when North American Jiaku bought the shares of Ford Motor before, or will they have to take certain actions?

"I think the Ford family must have something to do. Otherwise, if Chu Huan really enters the Ford Motor Board of Directors, then the Ford family will be in trouble!"

Several stock analysts on Wall Street were sitting in a coffee shop on Wall Street and were discussing this matter. Because this was Wall Street, even though it was a coffee shop, there was still a TV playing financial programs.

"It's hard to say, even if Chu Huan enters the board of directors, it is impossible to put pressure on the Ford family on the board of directors. Don't forget that the Ford family has operated Ford Motor for more than 70 years. During this period, how many people wanted to covet Ford Motor? It’s a feather and a return.”

"Aren't you curious about the wealth in the hands of Chu Huan from Xiangjiang?"

"I'm curious. Didn't Fortune magazine report on him last year? He has a net worth of more than 60 billion Hong Kong dollars, which is equivalent to more than 10 billion U.S. dollars. But this is just his net worth. The funds he can mobilize will not exceed $500 million!"

"But now Chu Huan has spent at least 1.2 billion dollars on the acquisition of Ford Motor stock!"

"I heard that Chu Huan met with the presidents of First Boston Bank and Chase Bank a while ago. Chu Huan's current funds should come from the support of these two banks!"

"I find that I can't see through Chu Huan's thinking. If he just wants to use Ford to suppress Hyundai, but now that he has invested such a huge amount of money with such a big fanfare, it will take at least half a year for the money to be locked up." Cash out, why on earth is this!"

"If you can guess what Chu Huan is thinking, maybe you will have Chu Huan's wealth!"

Discussions like this can be seen everywhere on Wall Street.

After this period of acquisitions, Chu Huan was no longer transparent on Wall Street. Regardless of whether Chu Huan's acquisition of Ford Motor was successful or not, it was undeniable that Chu Huan was definitely a superstar on Wall Street at this time.

"I think this is the end of the acquisition. You see, now that Chu Huan has announced that he will convene the shareholders meeting of Ford Motor, it is obviously to put pressure on the Ford family, regardless of whether Chu Huan really wants to acquire Ford or not. Cars, at the shareholders meeting of Ford Motor, the Ford family will definitely meet with Chu Huan and have a good chat.

At that time, the two sides may clarify the matter of Hyundai Motor, so."

In the sermon here, this person has nothing to say, but everyone else understands what he wants to say.

From the beginning to the end, Chu Huan bought Ford Motor, in fact, for the Hyundai Group. If Chu Huan and the Ford family meet at this shareholder meeting, and the two sides can negotiate the matter of Hyundai Motor, then there will be no more Chu Huan The purchase of shares in Ford Motor.

The consequence of this is naturally that Ford's stock price will fall. After all, Ford's financial reports in the past two years have not been good, especially the failure of Continental, which invested a lot of money in research and development and launched last year, made this matter even worse.

After thinking about this issue, all the stockbrokers who were discussing this issue decided to wait until after Monday, and must try their best to remind their clients to sell the stock of Ford Motor. After this village, there will be no such store.

However, when these people were discussing in full swing, suddenly there was news broadcast on TV again.

The Ford family, who had never responded to this matter, finally responded for the first time!

When these people saw the hostess on the TV news saying that the next report was the statement of the Ford family, they all stopped arguing and wanted to see how the Ford family would respond!

The Ford family's response was actually what Ford II had decided before. Of course, the wording was much more tactful.

First, the statement from the Ford family expresses its gratitude to investors for their trust in Ford Motor stock.

Secondly, the Ford family said that the operation of Ford Motor is very good now, and the operation of the board of directors and management is also very good, so the Ford family is very satisfied with the current development of Ford Motor.

Since I am satisfied with the current development, there is no need to add new directors, and the management does not need to introduce new talents.

Secondly, the Ford family said that the company's major shareholders naturally have the right to hold the company's shareholders' meeting, but at the same time, the Ford family also expressed the hope that some major shareholders can maintain their own sanity and not affect the company's operation because of personal grievances.

Finally, the Ford family stated in a statement that the president of Ford Motor, Mr. Ford II, will fly to Switzerland today due to personal reasons, and will not be able to attend the Ford Motor shareholders’ meeting on Monday. He will entrust himself with full authority for the shareholders’ meeting His younger brother William Ford was in charge.

In the four statements of the Ford family, Chu Huan's North American car library was not mentioned, but they were everywhere in response to Chu Huan's plan to hold a Ford Motor shareholder meeting.

Everyone who reads this statement understands that the Ford family is telling everyone that although Chu Huan's North America has become one of Ford Motor's major shareholders and has the right to hold a general meeting of shareholders, they want to join the board of directors ?

Sorry, no!

More importantly, Ford II, the helm of Ford Motor, left North America at this time. This is clearly showing his contempt for Chu Huan!

So everyone was shocked!

They were still discussing before, thinking that this time Chu Huan's North America Jiaku held the Ford Motor Shareholders' Meeting, which was the best opportunity for Chu Huan to meet Ford II, and also the best time for them to reach a settlement on this matter.

But unexpectedly, a statement from the Ford family directly rejected this opportunity!

"Sure enough, it's the Ford family. They have enough confidence. Chu Huan already holds 25% of the A-shares of Ford Motor Company, yet they are still so tough to block Chu Huan from the board of directors!"

Someone sighed.

"Can you have no confidence? Ford Motor's AB stock strategy is to ensure the Ford family's control over Ford Motor. Even though Chu Huan is now a major shareholder of Ford Motor, in fact, he has little say in Ford Motor with the Ford family. After so much, and they are foreigners, I don't think the shareholders of Ford Motor will support Chu Huan."

"It should be like this. The cooperation between Ford Motor and Hyundai Motor can help Ford Motor open the Asian auto market. This is a very important strategy for Ford Motor's future development. It is impossible for those Ford Motor shareholders not to see it. These."

"Haha, let's see how Chu Huan responds now!"

.

Rockefeller Center, the headquarters of the North American armor library!

Chu Huan, David Maxwell, Jiang Zishan, KKR's Jerry Kohlberg, Henry Clivey, and George Roberts are sitting in the conference room here.

They were called again by Chu Huan for the Ford family's statement, but at the same time, their meeting started earlier than the Ford family's statement. Who let Chu Huan know the news in advance!

Before the start, David Maxwell and others were still doubting Chu Huan's words. Before the Ford family's statement was broadcast on TV, Chu Huan had already told everyone about the Ford family's decision.

Now seeing the content on TV, the doubts in these people's hearts disappeared, but more doubts arose. How did Chu Huan know this in advance?

But everyone was very tacit and didn't ask aloud.

Chu Huan was sitting in the chief position. At this time, Chu Huan was also a little surprised by the statement of the Ford family. He knew that Ford II was a very proud person, but he did not expect that this Ford II was so proud. , Choosing to leave North America is really quite arrogant.

He knocked on the table, made a dull sound, and turned everyone's eyes from the TV to Chu Huan.

"Everyone has seen the statement of the Ford family. Let me tell you, what do you think of their statement?"

Although the Ford family's statement was full of humiliation, Chu Huan's face was still calm at this time.

David Maxwell said: "Obviously, the Ford family is very dissatisfied with our sneak attack on Ford Motor's stock. Now they are doing this just to retaliate against us, and at the same time they want to indirectly tell us that in this In the war, they are the one who takes the initiative!

It was both a warning and a demonstration of their control over Ford. "

Jiang Zishan nodded and said, "I agree with David's words!"

Jerry Kohlberg laughed aloud and said: "But this is also just right, it gives us a chance to fight back against them. The Ford family has been comfortable for too long, and it has been so long that they think that within the field of Ford Motors, their Ford The family is invincible!"

Everyone present smiled. Just now Chu Huan had given their counterattack strategy. Now everyone is getting together to make this plan more perfect, and go through all the details again, without giving the Ford family in the middle. Chance to fight back!

Chu Huan nodded and said: "Jerry is right. Pride is often the last thing a manager needs, but now the Ford family has made such a mistake. They think that Ford is their private land of the Ford family, and anyone can beat it." The fortress that does not enter, since this is the case, then we will open a gap for him first, let them understand what pride sometimes makes them lose."

David Maxwell said: "Then I immediately contact the TV station to issue our statement and use it to fight back against them?"

Jiang Zishan had a different idea at this time, and said: "I don't think it's appropriate now. Making our statement too early will give the Ford family more time to prepare. I think we should follow the chairman's previous request. , and issue our statement tomorrow afternoon!

Just right, didn't Ford II leave North America? Let's also see how he plans to come back? "

The general meeting of shareholders of Ford Motor will be held on Monday morning. Chu Huan has prepared the first trump card for the Ford family before, but it has not been played yet. The result of the previous discussion is to play it at this time, but there is no specific time.

David Maxwell also had his own reasons, saying: "If it is published tomorrow afternoon, although there will be less time left for the Ford family, but also during the time period when we issued the statement, we have already negotiated. Those shareholders of Ford Motor Company will inevitably feel turmoil in their hearts, if during this period, they doubt our ability and change their previous decisions, the loss outweighs the gain!"

"I don't think they will change their decision, such a decision must have been made after careful consideration by those of them, and it is impossible to change it so easily.

Our most important opponent at this stage is the Ford family, and we should focus on them. "

Jiang Zishan had a dispute with David Maxwell for the first time since he joined the North American team.

Jerry Kohlberg, Henry Clivey, and George Roberts sat there and did not express their opinions. Although they participated in Chu Huan's acquisition of Ford Motor, they had their own company after all. KKR, even though Chu Huan is one of KKR's shareholders.

In this operation, to put it bluntly, they are still just mercenaries.

Now it's a dispute between the North American Ford general manager and the deputy general manager, and they can't get involved.

So the three of them set their sights on Chu Huan.

This kind of thing can only be finalized by Chu Huan!

"David's suggestion is very good!" Chu Huan said, and the argument between David Maxwell and Jiang Zishan naturally stopped. Like Jerry Coleberg and the other three, they turned their attention to Chu Huan. Huan's body.

"However, David doesn't need to worry about the shareholders we have already negotiated. With Guo Bingxiang and the others, we can get their feedback immediately, so what we need now is to let the Ford family have no time to react! "

In this way, the meaning is already very clear, Chu Huan is supporting Jiang Zishan's decision this time.

It is naturally impossible for David Maxwell to be like those who are new to the workplace. Because the boss rejected his suggestion, he felt uncomfortable, thinking that the boss was targeting him.

If David Maxwell had such an idea, he would not be able to achieve such great achievements in the future.

"If this is the case, I suggest that this statement be issued after three o'clock in the afternoon, which can better shorten the time for the other party to think about countermeasures."

This is David Maxwell. Now that a decision has been made, no matter whether the decision is made by himself or not, he will immediately set the best execution strategy according to this decision.

Chu Huan had no objection to David Maxwell's suggestion.

"Can!"

Seeing that the three most powerful people in the North American library had confirmed this matter, Jerry Kohlberg said what they were responsible for.

"According to the current trend on Wall Street, many people actually understand that our acquisition of Ford Motor is more because of South Korea's Hyundai Motor, and this time, regardless of whether we will join Ford Motor as a director of Ford Motor, everyone understands There will definitely be a meeting between you and Ford II.

Now Ford II is humiliating you by leaving North America and not meeting you. According to outside analysis, you will definitely buy the stock of Ford Motor with a lot of money.

So on Monday, as soon as the stock market opens, someone will definitely sell Ford’s stock in a big way. If you add Chu’s statement, Ford’s stock price may be cut in half. Then what shall we do then? ?

Should we continue to build momentum to acquire Ford Motor's stock, or wait and see? "

Chu Huan sat there, tapping the table lightly and rhythmically. After a while, Chu Huan said: "Continue to buy, only in this way can we continue to create a sense of oppression for the Ford family, and at the same time give our allies a sense of oppression." It created a momentum for us to win.”

Jerry Kohlberg said: "If this is the case, the cash in our hands may not be able to support it!"

For this acquisition plan, Chu Huan has prepared 1.4 billion US dollars, but has spent 1.2 billion US dollars so far. At that time, there will definitely be a large-scale sell-off and price reduction of Ford Motor's stock, and even panic.

But no matter what, the size of Ford Motor is still there, so even so, the cash used to acquire Ford Motor stock will be a huge number.

In other words, Chu Huan's remaining 200 million US dollars is no longer enough to cope with the situation at that time!

Henry Clivey also said at this time: "At the same time, Chu, the major shareholders of Ford Motor you contacted, if they finally decide to sell their Ford Motor stock, it will also be a huge cash outlay! "

To put it simply, Chu Huan didn't have enough money!

Everyone thought that Chu Huan had already used a bank loan to buy Ford Motor stock, but in fact Chu Huan hadn't used it.

Because once the loan is used, the annual interest will be calculated in billions of dollars. Although Chu Huan has a strong ability to make money, it does not mean that Chu Huan is willing to bear the current loan interest.

The annual interest rate of 13% is too much. Chu Huan has actually been discussing with the presidents of First Boston Bank and Chase Bank to reduce the loan interest.

It's just that the process is slow, and they are very willing to lend money to Chu Huan!

But at the same time, they also hope to earn more interest from Chu Huan. The two are not contradictory!

From the perspective of First Boston Bank and Chase Bank, Chu Huan's acquisition of Ford Motor has reached the point where the winner must be decided.

Since this is the case, there is no doubt that Chu Huan will definitely need a loan from their bank.

Therefore, in the negotiation of the annual interest rate, the two banks have always been a bit strong and do not want to make concessions!

Chu Huan understands what they mean. As long as there is no shortage of funds on his side, Chu Huan is willing to grind his teeth here with them. At the same time, Chu Huan needs to use these two banks to continue to put pressure on the Ford family.

It's just that now when the funds in my hands are less than 200 million US dollars, I have to worry about cash.

"I know about this matter, and I will solve this problem before flying to Michigan tomorrow!"

Chu Huan preached to Jerry Kohlberg.

Now that Chu Huan had already made a decision, they had nothing to worry about.

Since then, Chu Huan's meeting has come to an end.

Chu Huan returned to his office.

Cao Yunshang, who was checking documents in Chu Huan's office, saw Chu Huan come back, got up and went to the refrigerator in the office, took out a bottle of Coke and handed it to Chu Huan.

"How's the meeting going?"

"It's okay!" Chu Huan sat there and took a sip of Coca-Cola, then continued to say with a smile: "Although the Ford family's impatient statement caught everyone off guard, this is just a small episode and does not hinder the progress of the whole plan. .”

Cao Yunshang stood behind Chu Huan, gently massaged Chu Huan's shoulders, and then said, "Since this is the case, why do you still look so preoccupied?"

Chu Huan grabbed Cao Yunshang's hand, groped lightly, and said with a smile: "Because the funds transferred from all over the world have bottomed out!"

As I said before, in order to prevent HSBC from discovering Chu Huan's real financial situation, Chu Huan has ordered the company under his name not to transfer funds to the same bank anymore, but because the company's business scope is spread all over the world. Bank of.

Although this will be more troublesome, it is also safer.

When Chu Huan really takes control of a bank, they will be reunited.

Cao Yunshang was also a little surprised, "$1.4 billion, is it going to disappear so soon?"

Chu Huan nodded and said, "Even if it's just a show, the size of the Ford is here."

Cao Yunshang said helplessly: "But according to your plan, by next Monday, Ford Motor's stock price will definitely fall, or even fall by half. At that time, these funds will be used."

At this time, Chu Huan was already a major shareholder holding 25% of Ford Motor's stock. If Ford's stock price fell, Chu Huan would naturally suffer losses accordingly.

Chu Huan just laughed at this, and said: "The stock price is always a floating thing, and it is often the case that it falls today and rises tomorrow.

Besides, there is no way to sell the stocks in our hands now. The so-called stock price and stocks are just a piece of paper to us.

People who don’t have much cash in their hands can’t accept such a loss, but we don’t care. When the stocks in our hands are unblocked, the stock price of Ford Motor will definitely rise back, and as I said before, We're not going to sell all of our Ford stock until we build our own car brand. "

Chu Huan was reborn in this era. Although he earned his first pot of gold in the stock market, Chu Huan personally always believed that for ordinary people.

It doesn't matter if you enter the stock market for fun, win a little and lose a little, just within a reasonable range that you can accept!

The most taboo thing for ordinary people is never to regard the stock market as a shortcut to make a fortune. If you have such an idea, there will only be one result, and you will be cut off by capital as a leek!

Chu Huan is only short of funds at this stage, but it does not mean that Chu Huan's entire business empire has a shortage of funds.

It is already mid-June now, and the two new games "Space Invaders" and "Pac-Man" of Wolf Smoke Games will be released in July. Welcome to bring a lot of cash.

Then you can deal with any emergencies.

Not to mention that every month, the companies under his umbrella will provide him with an income of nearly 3 billion Hong Kong dollars. This kind of cash flow is enough to kill more than 80% of the world's group companies in seconds.

Cao Yunshang said: "If this is the case, should I call Xu Yi and ask her to transfer another batch of funds?"

"Let's talk about it after I meet with the presidents of First Boston Bank and Chase Bank tonight!"

Chu Huan said.

Regardless of whether you want to get a loan from First Boston Bank or Chase Bank, this meeting is definitely necessary.

Cao Yunshang nodded and said, "Okay!"

That night, Chu Huan met with the presidents of the two banks, but the results of their negotiations were not very good.

Because of the statement made by the Ford family, the two banks understood that if Chu Huan wanted to enter the board of directors of Ford Motor, he would definitely need more shares in Ford Motor, and naturally, he would need more cash.

It was also based on this basis that the two banks responded to Chu Huan's request to reduce the loan interest.

You can preach that the annual loan interest is 12%!

Only dropped by one percentage point!

Faced with such a decline, what can Chu Huan say?

Naturally, they did not accept it, but because they still needed their names on the front, Chu Huan did not walk away directly, but just indicated that the interest on the loan was unacceptable to them, so the final negotiation result between the two parties could only be nothing. up.

Things seemed to be at an impasse.

After Chu Huan returned to his villa, Cao Yunshang had already taken a shower and was waiting for Chu Huan.

After Chu Huan learned of the reactions of the two banks, Cao Yunshang said angrily: "They are taking advantage of the fire!"

Chu Huan nodded and said, "Aren't they just taking advantage of the fire? Now everyone understands that what we lack the most when it comes to the acquisition of Ford Motors with the Ford family is funds.

If we lose the support of funds, our acquisition can only come to an abrupt end. In their view, we cannot afford such a loss! "

Cao Yunshang asked: "Then what should we do now? Should we call Xu Yi?"

Chu Huan shook his head and said, "No need for now, since they all think that we need to spend a lot of cash to buy the stock of Ford Motor, then I will let them see what it means to have no money and get Ford Motor stock!"

Cao Yunshang looked at Chu Huan in confusion

Continue to code words~~

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