Chapter 1,179? Gambling Agreement

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The losses of Wall Street, Quantum Fund and Tiger Fund made them very sad. Many investment banks were involved in this matter. Now the handling of this matter makes them very passive in facing Europe.

Executives do not want to show a low profile to Europe and hope Wall Street will solve the problem on its own.

In the high-level conference room, the famous Wall Street bosses were among them. A man in his fifties sat at the main seat. The discussion on this matter was particularly intense.

"I still think we should talk to you. This matter has been illegal from the beginning. They are suspected of insider trading!"

"This is control of resources. The UK has an unshirkable historical responsibility for South Africa, and now it is extending its hands to Africa. We will never allow it. The problem should be analyzed from this perspective."

"No, now we should find their weak spot. This is obviously a trap set by them. South Africa is their weak spot. We should continue to put pressure on them."

The scene was chaotic. The man sitting in the main seat looked at the crowd and said, "I hope everyone has a broader perspective. We should focus on appeasing Europe rather than retaliate hard."

"I suggest that the easiest breakthrough in this matter is the Jiafeng Group. This company is not a big one. As long as we show a little goodwill, I believe the matter will be resolved soon." One person said.

Soros pondered for a moment and said: "I agree with this idea. Starting from Jiafeng Group, we can restore the tungsten mine to production, and we can relax a little more about the encirclement and suppression of this company."

Many people at the scene agreed to relax restrictions on Jiafeng, and some even proposed returning the previously seized photolithography machines to seek relief from Jiafeng's tungsten ore futures.

The leader of the man looked very ugly. Looking at these people, they could sell anything as long as they lost money. He shouted in a deep voice: "Do you know what this means? Relaxing the restrictions on Jiafeng? Do you know that in this area? Is something happening in the sea? What signal does this represent?”

Some people whispered and communicated in private. Many people didn't know what was happening on the sea thousands of miles away. They only cared about finance and money.

Soros and Robertson looked at each other and knew in their hearts that the money was definitely lost.

"As I said before, we can talk, but we must talk to the UK. If we lose money, we will lose money. Don't make other mistakes at this time."

After the on-site meeting ended, everyone walked out of the conference room and lamented that the sea thousands of miles away was the top priority. They had not chosen the right time and there was no room for maneuver on this matter.

Soros returned to Wall Street and immediately spoke to Robertson on the phone. They must admit their losses this time, contact Schroeder Group as soon as possible to negotiate, and close the short borrowed options.

And John was already waiting for them.

After the phone call, John explained the conditions he had prepared. As long as they were willing to acquire the shares of Jiafeng held by Schroeder Group for US$4 billion, the transaction between the two parties on tungsten ore futures would be invalidated.

"Four billion? It's not worth that much. Four billion can buy two Jiafeng. This is its value in my heart." Soros said to the phone: "Otherwise Robert would have invested directly. .”

"That was the original price. In the past few years, Jiafeng's development is also in progress, and their investment in research and development in the chip field is also huge. Besides, if this drags on, it will only get worse for you." John did not show any concern at all. Fear.

"This price still needs to be discussed again, and Jiafeng's growth and value should be viewed from multiple angles..."

June 15, 1996. In the years to come, when they look back on this year, they will say that it was a magnificent year. However, Lu Feng's feeling was ordinary. He went to inspect the headquarters building and made another trip. In Tianjin, I went to see the newly assembled photolithography machine assembly line, dust-free workshop, wafer workshop, etc.

Two months have passed since April, but the matter is still mentioned in the streets and alleys, and the tone is full of indignation, and the words are so angry that they can say, "Damn American guy."

Compared with the national struggles that ordinary people see, Lu Feng pays more attention to state-owned enterprises. He went to several enterprises to inspect and visit. With more and more external restrictions, export-oriented enterprises have been hit hard, and the personnel of state-owned enterprises are overcrowded. The problem is further highlighted.

Many places have noticed this problem. Some people dare to expose it, while others still push the issue back.

During this period of inspection, Lu Feng was thinking about a problem. He knew what would happen in the next few years, but he was unable to stop it. Next, a large number of workers would leave their jobs. The initial stage of bone scraping and poison treatment was severe pain, but Nowhere can so many jobs be created.

Lu Feng sometimes feels that he is shouldering historical responsibilities, but he also has a deep sense of powerlessness, even though Jiafeng now has hundreds of thousands of employees in several large factories.

However, with the increase in personnel, the cost of expenses has become too high. Since last year, the wages of general workers in the factory have been reduced. This is the result of the discussion of the board of directors. John believes that profits must be increased, so the only way to cut off the salary is to cut off the revenue.

Jiafeng's half-year report has come out. The net profit in the first half of the year exceeded 500 million. As the domestic home appliance market continues to sell well, there is still room for growth in the second half of the year.

The semi-annual report contains a detailed list of chip production. In the office, Inland Feng looked through the thick report and realized that it was profitable after all.

Lu Feng picked up the phone on the table and called over, asking them to send this report to the board members for viewing. In the first half of the year, the task was overfulfilled, and the major project was progressing steadily.

A few minutes later, Goodley knocked on the door of Lu Feng's office, walked in and said, "Mr. Lu, the mid-year conference call of the board of directors will be held by Schroder Group in an hour. I hope you can participate."

"Conference call?" Lu Feng frowned, stared at him and asked, "I should initiate the board meeting. What does he want to do? Play the piano randomly!!"

"I'm sorry, according to the articles of association of the board of directors, as long as the equity exceeds 40%, you are eligible to initiate a board meeting. Yesterday, some members were notified, and I will inform you today." Gudley said unhurriedly.

Lu Feng could tell that this time the visitor was evil, so he asked: "What will be discussed in this meeting?"

"I'm not sure about this. The administrative staff will arrange it for you in an hour." After speaking, Gudley turned around and left.

Lu Feng called Wei Yandan and others over, and when he mentioned the matter, they felt that something was not right. Without this kind of practice, there was nothing worth discussing in the board of directors.

"Wait a minute and see what kind of medicine he sells in his gourd."

An hour later, Lu Feng led several people to the conference room. Several phones had been connected, and the various voices coming from them seemed extremely noisy.

"Everyone is here. It's already night here. As soon as everyone is here, let's have a meeting." John's voice came from the phone, saying: "This time, the board of directors meeting is just for one thing. We as Investors believe that the current contract is very unfavorable to us, and after the investment, the management of Jiafeng Group, represented by Lu Feng, did not meet our expectations..."

"Wait a minute, what do you mean by not meeting investors' expectations?" Lu Feng interrupted him and asked: "Jiafeng has been expanding rapidly in the past two years, with market share, product updates and iterations, and sales channel expansion. Which one? Not at a rapid pace?”

"Mr. Lu, please listen to me first. This is not what I mean. This is what the headquarters means. In the first half of this year, our investment strategic intentions are changing, and our global investment plans have changed. So, now we are facing Two options, first, sell the Jiafeng equity held in your hand, because under our evaluation system, it no longer has a future and is classified as junk equity."

As soon as these words came out, the expressions of several people present changed, and they all looked at Lu Feng. They thought it would be at the end of the year, but they didn't expect it to have started now.

"According to the agreed agreement, your equity will be eligible for trading after three years, that is, the end of next year. And we have the right of first refusal within the group." Lu Feng said solemnly: "If you want to realize the equity change, there is another way. The basic condition is to transfer the remaining funds, your investment funds are currently incomplete.”

"It seems that Mr. Lu doesn't agree. Let's take another approach. We will invest another one billion US dollars to acquire all the equity of Mr. Lu and the management, which is the original 3.5 billion US dollars to acquire 30%. Five shares, changed to US$3.5 billion to acquire 75% of the shares." John suggested.

"Impossible!! Absolutely impossible!" Lu Feng refused directly and said: "Do you know how much Jiafeng's inherent assets are now? Your people work in finance, and it cost 3.5 billion US dollars to buy such a large company. Enterprise, there is no such thing in the world.”

"Then add more investors and dilute the equity!"

"It's impossible. There is a stipulation in the contract that the equity will not be diluted within three years. What we are trading is the original stock." Lu Feng continued to retort.

John on the phone seemed to have known that these would be rejected, and then suggested: "Jiafeng has been unable to create any profits in the past few years. In the past, you said that market expansion requires maintaining competitiveness and investment in various hardware facilities. Now the early investment It’s over, it should be profitable this year, right?”

"I am here to report to you that Jiafeng Group achieved profitability in the first half of this year, with a net profit of 520 million yuan." Lu Feng replied.

"Then I propose to set a goal for the entire management this year, with a net profit of 2 billion for the whole year. Only in this way can we strengthen our investment confidence. Please vote on this matter, as well as Mr. Lu's various financial reports. Let the finance department check the reimbursement recently." John said solemnly.

"The all-around profit target was set at the board meeting at the beginning of the year, and it has no mandatory effect." Lu Feng retorted.

"If it is decided at a board meeting, of course it is not mandatory, but this clause is in my gift agreement."

"Gift agreement?" Lu Feng felt that something was not right.

"That private jet? You signed the gift agreement, but you are not available? What is written in Chinese on the surface is a gift agreement, not an unconditional gift agreement. Section 3 of Article 25 and Section 6 of Article 37 It is a relevant clause, which stipulates that as long as you accept the gift, after the board of directors votes later, the voting result is equal to or greater than 50%, it can take effect." John said slowly: "This is a conditional agreement. Betting agreement.”

Lu Feng's whole body was numb as he sat there, and he subconsciously said, "I am Cao Nima!"

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