legendary trader

Chapter 859
In fact, it is not the right time to throw an olive branch to Southern Investment Group at this time. After all, the bank has not turned against Southern Investment Group, and the attitude of Heung Kong Industrial is not clear, but Chen Fan just asked Xie Kai to invest them in Chaofan The intention to enter the domestic utility industry spread.

As for whether this operation is helping the Southern Investment Group to solve the problem and help the Mu family, Chen Fan doesn't think so.

In his thinking, after the news is released, if the Southern Investment Group does not get the help of Xiangjiang Industrial, it is necessary to sell the assets and return the assets. It cannot really be sued for bankruptcy because of the loan problem.

Due to the relationship between the family and the Mu family, the Mu family might want to sell things to themselves, and try to sell them at a high price to kill themselves once.

And Chen Fan's big calculation is that the bank really pushed the Southern Investment Group into a hurry. They sold their assets and found themselves here. Of course, they had to have a good negotiation and try to delay it for a while, so that they could not find other people to contact during this period.

After the bank was in a hurry, they sold it by themselves. It must be cheaper than Nanfang's purchase price. Otherwise, under the premise of high-quality assets, Nanfang Investment Group may not trade with itself.

It seems that he has done a lot, but he may not be profitable, but Chen Fan does not feel that he has lost money. He originally planned to disgust the people of the Mu family. If he can expand his assets and increase his business layout, it is actually nothing The icing on the cake.

And what he did was just to find someone to exert influence on the bank. Now Chen Fan only hopes that other banks can also give more strength, and increase the pressure on Southern Investment Group to force them to submit.

After Xie Kai left, Chen Fan called Li Yihong again. In fact, he didn’t have much to say. The report on Southern Investment Group was added to the website. Of course, it was not to advertise him, but to focus on their heavy losses in Enron stock. The bigger the loss, the less reliable the better.

Li Yihong knew that Chen Fan had a bad relationship with the Mu family in Guangdong Province. Chen Fan directly pointed out that the Southern Investment Group was the property of the Mu family. Needless to say, in his opinion, Li Yihong knew what to do.

In fact, after Chen Fan stated his request and pointed out the Southern Investment Group's surname Mu, Li Yihong understood that Mr. Chen probably wanted disgusting people to go, and he just wanted someone to write more reports and hang them on the website. , even if it is not the best location of the website, try to let as many netizens see it as possible.

For such an operation, it was just a matter of lifting his hands.

It must be difficult to get other companies’ websites to help push this news, but there is no difficulty in promoting it on his own website, and even he is considering whether to use pop-up recommendations, but after thinking about it, he still thinks it’s okay, otherwise it’s too targeted Strong, not good.

Chen Fan probably had such an idea, and he didn't tell anyone his full plan.

As for the weekend and Second Brother Wang, what they said was that they wanted to be disgusting, so as not to be calculated all the time, but they couldn't find a chance to retaliate, and they just exaggerated the current difficulties of the Southern Investment Group. As for the bank, The people at the bank should know more about the South Group's problems than he does.

And Xie Kai just released the news. For Chao Fan Investment, who has been throwing money out, there is nothing to say if he wants to expand investment, but there is too much money and there is nowhere to put it. Acquire some stable and profitable projects.

In the end, Li Yihong's side is the assist, hoping to attract the attention of other websites and newspapers. After all, it has been reported before, but the attention to them has been reduced later, and now it can only be rekindled.

Within a few days, Xie Kai got back the news. He had already spread the news that Chaofan Investment intends to enter the public utility industry through several receptions he attended recently. He even ran into Shao Qianwen at yesterday's reception. I mentioned it face to face, now is the time to wait for the effect.

And Chinese Commercial Bank seems to have gotten into a fight with Southern Investment Group, not only asking them to reduce the loan that needs to be re-loaned immediately, but also asking them to reduce the total loan amount for the next few loans, but the two sides seem to be quarreling Very unpleasant.

Southern Investment Group's funds are all arranged, but it is not an ordinary enterprise. There is no plan for the use of funds, and the boss makes decisions on the use of funds casually.

What makes the people of Southern Investment Group even more disturbed is that some banks have already started to follow up, and have also proposed to reduce the loan amount. Although their attitude is not very firm, but under such circumstances, of course they dare not let go Agree to the request of Chinese Commercial Bank.

The dispute between the two parties is still going on, and neither side is willing to let go. It is said that the scene is very tense. At least from the information obtained from Zhang Quan, it seems that the Chinese Commercial Bank is determined to reduce the total amount of loans to the Southern Investment Group.

At this time, Chen Fan was also a little confused. Second brother Wang really has such great energy, can he influence the decision of a director of a big bank like Huashang?
Out of curiosity, Chen Fan called and asked to find out what happened.

In fact, it has something to do with the bankruptcy and reorganization of Enron in the United States. It is not only the big banks in the United States that have business dealings with Enron. Many big banks in the world have lending business to Enron or hold corporate bonds discovered by their companies.

Now that Enron is in a mess, the value of these loans and bonds has been greatly reduced. This has made Huashang and other large banks think about reducing the loan amount of those large lenders, which can be regarded as spreading risks.

Chinese Commercial Bank has a loan of 39 billion yuan to Southern Investment Group. They actually plan to reduce the total loan amount to less than 30 billion yuan within three years. Although most of the loans from Southern Investment Group have collateral, they really have to collect collateral Sometimes, maybe something that can usually sell for 1 yuan in the market, when it comes to the auction stage, several companies communicate with each other, and the price is lowered.

Not only banks can do such things as taking advantage of the fire, but the buyers are also masters at it.

Those who think that they will drive up the price of the lot when they go to the auction stage should go to sleep.

Such things are not uncommon, but the requirements are very high, that is, the auction must be unique, and it may be impossible to miss this opportunity. Under such circumstances, buyers will raise prices to snap up.

In general, when a company goes bankrupt and liquidates, and the assets have not yet been put on the auction table, potential buyers have already communicated. How to divide this cake and drive up the price is absolutely impossible.

Therefore, in the next few years, it is an inevitable trend for banks to gradually begin to tighten credit, and Southern Investment Group just happened to bump into it at the right time.

The huge losses in the stock market naturally made those bankers feel uneasy.

After knowing the cause and effect, Chen Fan also understood that the second brother Wang just gave it a push. Maybe the Chinese Mercantile Bank itself just had this idea. tight credit policy.

But after someone said hello, it should be that the Southern Investment Group is preparing for the operation. After all, although the Southern Investment Group is very tight in terms of funds, his father, Xiangjiang Industrial, is not short of money, and the support of billions is still possible.

Of course, the bank will not withdraw the water all at once. According to the information disclosed by the second brother Wang, their plan is to reduce the loan a little bit a year, and gradually reduce the loan amount. Damn, they don't want a bunch of assets.

In the current stalemate situation, in fact, both sides can't hold back their face, so they can sit down and have a good talk.

The Southern Investment Group has already communicated with other banks and wants to transfer the loans to other banks. This should have been a negotiating strategy, but it was just a counterattack to the aggressive attitude of the Chinese Commercial Bank, but unexpectedly it seemed a bit self-defeating.

Because of their attitude, China Commercial Bank now asked them to find a new lending bank. At this time, the banks were naturally unwilling to increase loans to Southern Investment Group, and a stalemate naturally arose.

Moreover, according to the gossip given by Wang Erge, several city commercial banks under the Southern Investment Group are also very short of funds. It seems that the Southern Group has made a big move to lend their funds through some channels. Specifically The purpose is not very clear.

At this time, Chen Fan was even more puzzled.

Now that Southern Investment Group's basic market in China is a bit unstable, what is the purpose of them still clinging to that fund?
However, it seems that the Southern Investment Group has a very strict tone in this matter. Neither Zhang Quan nor Lao Liu's news mentioned that they still have new, large-scale investment plans.

Of course, Chen Fan would not think about the fact that the boss of the Southern Investment Group wanted to donate money and abscond, unless he went to the desert or the primeval forest, otherwise there would be nowhere to escape.

Moreover, the Mu family is not a family that lacks that little money. It can only be said that no one should understand the game of chess that they played, so they don't understand it.

In the next few days, although we received new news about that side every day, there was no movement from Xie Kai's side.

It should be a small scene now. Southern Investment Group really didn't care about the 10 billion yuan loan, so it didn't think about selling assets at all. Some investment companies have some public utility companies in small cities in their hands. want to trade.

However, the cities where these companies are located are all areas with poor development prospects. Not only Xie Kai, but even Chen Fan are not interested in making a move.

Although Chen Fan has never set his sights on the three first-tier cities of China, the Imperial Capital, Shencheng, and Guangdong, the surrounding areas and other provincial capital cities are his goals. The natural advantage lies not only in gathering Capital, but also the gathering of talents, such a city has huge development potential, so it is worth investing in public utilities.

As for Chen Fan's arrangements for Li Yihong's assists, the prairie fires started to spread on the Internet at this time. There were many people who saw the reports in the past few days, but few people really cared about it.

By this time, because Enron's bankruptcy and reorganization was a certainty, the attention of netizens had naturally dropped.

However, Li Yihong's continuous reports gradually caused a wave of waves, but what really attracted the attention of netizens had to be the eye of the storm, the Enron Corporation of the United States.

Chen Fan has not paid attention to the current situation of Enron Company for more than half a month, but as time went by, the detailed inside story of Enron Company's bankruptcy application was gradually released by the American media. The data is luxurious and the scope of influence is also large It's jaw-dropping.

The first thing that attracted the attention of domestic netizens was the report on the bankruptcy case of Enron in the United States reproduced on the Internet. According to the information that has been made public, in the documents submitted by Enron to the court, the value of the company's assets listed is as high as 498 billion yuan, and it The debt of the company is only 312 billion yuan.

Assets as high as 498 billion also made the Enron bankruptcy case the largest bankruptcy case since the founding of the United States, and the sensation in the United States can be imagined.

However, when this news spread to China, the domestic netizens who first saw this set of data naturally felt rippling in their hearts. Although the company's debt ratio seems a bit high, it seems to be within an acceptable range, 63% The debt ratio of the company seems to be lower than that of many domestic companies. How did it get to the point of filing for bankruptcy?

As follow-up reports came out, Enron raised billions of dollars of funds in October and November to repay debts. It can be said that they have already disposed of all current assets that can be quickly converted into cash.

According to the information unearthed by the US media, Enron managed to repay [-] billion yuan in debt in October, but there are still many companies that have business dealings with Enron to withdraw investment from Enron and demand repayment of debts.

At this time, Enron had neither enough cash nor bank loans to meet the cash demand of due debts, and could only rely on selling treasury bonds and Eurodollars to finance cash. In the depressed market, this transaction caused Huge losses have further aggravated the crisis of the company's cash flow shortage.

The previous technology stock bubble has already severely damaged the U.S. economy. Although the U.S. blue chips represented by the Dow Jones Index are still strong, the U.S. stock gods continue to repeat the concept of value investing, maintaining the Dow Jones Index and the S&P Index. , but the loss of market funds is still huge.

Netizens who saw this time realized that if Enron hiccupped sooner, perhaps its assets would continue to expand. Just based on the data given in the report, it is clear that Enron’s previous assets were worth far more than 5 billion yuan , which is the remaining value after the asset has been sold.

Chen Fan still saw the news on his own website. Zhang Quan had followed his request and hadn’t sent him a briefing about Enron for a long time. Now Chen Fan received all the news from him about Nanfang investment group.

The latest news is that Enron received nearly 15 billion yuan from JP*** and Citibank, and was approved by the bankruptcy judge to use 2.5 million yuan to maintain the restructuring operation, and at the same time announced the news of the company's major layoffs.

At this time, Chen Fan seemed to be a little bit behind the scenes, and then decisively called Zhang Quan, asking him to go all out to collect the news of Enron's bankruptcy and reorganization and inform himself
(End of this chapter)