Chapter 426 Controlling Jinbai Oil and Gas Company
Chapter 426 Controlling Jinbai Oil and Gas Company
Author: King of the Clouds
Chapter 426 Controlling Jinbai Oil and Gas Company
The shareholders and executives of Jinbai Oil and Gas Company were shocked after reading the short-selling reports of Star Investment and Berkshire.
why?
Because the short-selling report of Xingchen Investment actually listed in detail that the company’s shareholders and senior executives secretly embezzled part of the profits by concealing income.
Other companies' financial fraud is to inflate revenue and profits. Jinbai Oil and Gas Company's financial fraud is to hide part of its profits. This is the difference between wealthy companies and other companies.
If revenue and profits are truthfully announced, the money earned must be shared with all shareholders.
But if part of it can be concealed, then this part can be divided among a few people.
For a large company with an annual revenue of one trillion yuan and a net profit of hundreds of billions of yuan, the actual amount can be quite scary even if it is concealed.
For example, according to the short-selling report of Star Investment, the company concealed its revenue of about 36 billion meters of gold last year, and this part of the money was divided among more than 20 royal family members, including Hillman, the old man who forced Maya to marry.
Already.
Corruption exists everywhere. People are not shocked by the money, they are shocked by the intelligence capabilities of Star Investment.
Who would have thought that an investment company's ability to obtain intelligence would be stronger than that of a national intelligence agency?
This horse riding is a bit unscientific.
Of course, it is impossible to obtain these accurate data if we only rely on the researchers of Xingchen Investment.
However, the intelligence department of Star Defense has such capabilities. They will find out the data through network intrusion and other methods and hand it over to Star Investment, and then researchers from Star Investment will sort out the data and create a short selling report.
It can be said that in the world, except for the government departments of some powerful countries, in terms of personal ability, only Yang Chen can do this.
Researchers like Buffett and Berkshire Hathaway can only analyze based on public data, but cannot find the specific data and personnel names of the corruption of Jinbai Oil and Gas Company.
Faced with such an accurate short-selling report, the shareholders of Jinbai Oil and Gas Company could not sit still.
Investment institutions and retail investors who were originally prepared to fight against the royal family lost confidence and rushed to sell their stock orders.
Once investors in the entire market are bearish, there will be nothing left to do.
Unless the royal family members and shareholders can mobilize nearly one trillion meters of funds in a short period of time, the price can be completely suppressed.
Although they are indeed extremely rich, they are absolutely unable to mobilize such a large amount of cash quickly. Even powerful countries like the Dragon Kingdom and the United States cannot mobilize so much cash in a short period of time.
As of the close of trading, the share price of Jinbai Oil and Gas Company plunged 50%.
Originally, this was a good opportunity for the royal family members to buy at the bottom and increase their holdings, but they have no intention of doing this now.
At this time, they were quarreling at the shareholders' meeting.
Those shareholders and executives who are not corrupt require those who are corrupt to spit out all the money they have embezzled over the years. With this money, they can buy the bottom and increase their holdings.
But if you have already swallowed the meat in your stomach, why should you spit it out again?
Those corrupt shareholders and senior executives lied and said they had no money and would wait until they had money to return it.
How about riding a horse to coax a child?
How could other shareholders agree?
The two sides became more and more noisy, and finally started fighting.
After this fight, institutional investors applied to the local Securities Regulatory Commission to freeze the accounts of all shareholders and senior executives suspected of corruption, and then refunded money from these frozen accounts after the investigation.
Since this matter is so big, of course the local Securities Regulatory Commission and the police must take action.
Let’s not talk about whether we want to refund the money or not. At least we have to show it, otherwise it will affect the goodwill of Jinbai and even the entire United Arab Emirates.
What Yang Chen is waiting for is that these people's accounts will be frozen, and they can only watch Yang Chen and Buffett buy the bottom.
At this time, it was eleven o'clock in the evening here in Longguo.
Poor Lan Xid was sued by the bar because he had no money to pay the bill. The relevant departments detained Lan XiD and others' documents and did not allow them to leave the Dragon Kingdom at will.
Jinbai's side was in chaos again, and all the family's accounts were frozen. Lanshid could only find a way to transfer money from a Swiss bank to pay the bill.
Originally, he wanted the embassy to help pay the bill, but the embassy did not have so much cash available.
And Maya doesn't care about him, so he can only rely on himself.
The bar manager has already reminded him that if he does not pay after 12 noon, a late payment fee of 1 million will be added for every hour overtime.
He doesn't have to give it, but he has to be prepared to deal with the assassination by the mercenaries of the Star Defense Group.
Therefore, Lanshid is very anxious now and has been urging the Swiss Bank to do it faster. If he is delayed for another hour, he will have to pay an extra million.
Early the next morning, there was another news from Maozi.
"Maozi and the three countries have reached a strategic cooperation agreement. The three countries will buy no less than 100 million barrels of crude oil in batches from Maozi. The price of each barrel including freight is between 30-35 meters gold."
As soon as this news came out, it immediately detonated the entire crude oil market.
Yesterday they said that Maozi had flipped the table, but today they went even further and smashed the pot so that everyone stopped eating.
More than 20 years ago, it was difficult to buy at this price.
What does Maozi mean?
Who made the decision? Why is it sold so cheaply?
Only if you read the news carefully will you know the clues.
This batch of oil exported by Maozi is called Ural oil. The quality is very poor and cannot be directly used in industrial production. It must go through a purification process to obtain usable oil.
For example, Longguo imports light oil, which is a bit expensive, but the quality is very high and can be used to directly process various oil products.
But these are only people in the industry, or people with more knowledge, who can understand that ordinary people simply don’t understand the difference between crude oil, petroleum, and gasoline.
They feel that Maozi has lowered the oil price to 30-35 meters per barrel, and the international oil price will definitely collapse.
Therefore, those ordinary retail investors did not hesitate to place orders and sell goods, and quickly cleared their positions and left the market.
Yang Chen and Buffett had agreed that when the market opened today, they would first wait for panic selling by retail investors to suppress the price. When the price reached around 3 meters of gold, both parties would immediately enter the market to eat.
Yang Chen has done a good job this time. He and Xingchen Investment have mobilized all the overseas funds, totaling about 500 billion meters of gold.
However, Xingchen Investment also shorted the futures market and more than 30 oil companies. They had to leave half of their funds for later buying and closing positions.
Therefore, they only had 250 billion meters of gold available, but they used this money with 2-3 times leverage in various banks and securities firms, and raised about 600 billion meters of available funds.
Buffett also urgently raised 150 billion meters of gold. As long as the two companies cooperate well, the money will be enough to control Jinbai Oil and Gas Company after the collapse.
The stock market opens.
Not surprisingly, the entire oil sector plummeted.
Because of the fight yesterday, many members of the royal family who did not receive the embezzled money also began to sell their shares.
Once too much of their equity is sold, it will directly cause the royal family to lose control of the company.
Thanks to the "efforts" of the vast majority of investors, the stock price of Jinbai Oil and Gas Company fell below 3 meters in just three minutes.
Yang Chen and Buffett followed the plan and began to eat secretly in batches.
When the stock price fell to 2.5 meters gold, it stopped falling. Then Yang Chen and Buffett's funds began to enter the market in large quantities. Before the investors who had placed sell orders could react, they directly ate up all the stocks they had placed for sale.
I saw the stock price of Jinbai Oil and Gas Company rising in a straight line, from the lowest point of 2.5 meters to 6 meters in one breath.
The whole process took less than three minutes, and the speed of eating was quite fast. Many investors saw the stock price rising and wanted to withdraw their selling orders before it was too late.
At this time, Buffett's 150 billion meters of gold have been exhausted, while Yang Chen's 600 billion meters of gold have used up 500 billion.
Originally it was for the holding, but Yang Chen didn't want to keep the remaining 100 billion meters of gold, and ordered Jin Ming to buy them all.
After the dust settled, the royal family shareholders of Jinbai Oil and Gas Company realized something was wrong.
But at this time, there were not many selling orders in the market, and the stock price was floating around 7.5 meters gold.
Even if the royal family now mobilizes sufficient funds, they will not be able to buy many stocks.
Star Investment and Berkshire began to tally the results.
Xingchen Investment spent 600 billion yuan to acquire a total of 55% of the equity of Jinbai Oil and Gas Company.
Berkshire spent 150 billion yuan to acquire about 10% of the equity of Jinbai Oil and Gas Company.
Obviously, Yang Chen's Xingchen Investment can already control Jinbai Oil and Gas Company even without the part held by Buffett.
However, Yang Chen is a trustworthy person. He said that after the funds are turned over in the future, he will buy the equity held by Buffett at a premium of 20%, and he will definitely keep his promise.
Without Buffett's help this time, Yang Chen would not have been able to suppress the stock price of Jinbai Oil and Gas Company so completely.
After all, the title of stock god is there, and his name is indeed more effective than Yang Chen's.
but!
That was before.
From now on, Star Investment will overtake Buffett and Berkshire to become the most famous investment company in the world.
Short selling and holding a controlling stake in Jinbai Oil and Gas Company will definitely become a battle for Xingchen Investment to become king.
At this time, Jin Ming was still nervously directing the traders to carry out buying operations.
Because Xingchen Investment shorted crude oil futures and major oil company stocks globally before the oil price officially plummeted.
Now you need to buy at low prices to close short positions in futures and stocks. This operation of harvesting the global oil market is complete.
Due to the time difference, it took two days to close the position, with a total profit of 150 billion meters of gold, and a rate of return as high as 60%.
After this part of the funds was recovered, Yang Chen immediately proposed to buy the shares of Jinbai Oil and Gas Company held by Berkshire with Buffett.
but!
Buffett actually refused.
why?
Because Buffett originally thought that Yang Chen's funds would not be too much, only about 200 billion meters of gold at most.
The proportion of equity that Yang Chen can buy with this money is about 20%.
The proportion of equity purchased by Berkshire's 150 billion yuan should be between 10% and 15%.
In this case, even if all the shares purchased by Berkshire are sold to Yang Chen, Yang Chen's total shareholding ratio will not be enough to control Jinbai Oil and Gas Company.
As long as Yang Chen cannot control Jinbai Oil and Gas Company, the money he invested may be wasted at any time.
why?
Because shareholders who were members of the Jinbai royal family could dilute Yang Chen's equity holdings by issuing additional shares, Yang Chen ultimately invested a huge amount of money but failed to achieve the purpose of controlling Jinbai Oil and Gas Company. He could only act as a financial investor waiting for dividends.
But now the situation is different, beyond Buffett's imagination.
Yang Chen already holds 55% of the shares, and no one can have any influence on him.
If Buffett sells 10% of Berkshire's shares to Yang Chen, and Yang Chen spends some money to buy about 2% of the shares, he will achieve absolute control of Jinbai Oil and Gas Company.
Once Yang Chen absolutely controls Jinbai Oil and Gas Company, it will not only be a simple issue of investment income, but also an issue related to oil strategy, and even international relations and structure.
Yang Chen wants Jinbai Oil and Gas Company to sell cheap oil and natural gas to Long Country, and then sell it to other countries at high prices to make money to subsidize the small profits or even losses in Long Country. Wouldn't it become a problem for the people of other countries?
Have you provided for the people of Dragon Kingdom?
How can this be done?
This must not be allowed to happen.
Therefore, Buffett rejected Yang Chen's request to acquire the 10% stake, and said that he would not sell it no matter how much money was given.
However, after this battle, Buffett completely convinced Yang Chen.
Therefore, he specially asked Yang Chen to come out to meet and explain.
"There are some things I can't say clearly, but I believe Mr. Yang should be able to understand my difficulties. If I sell this part of the equity to you, I will be investigated when I go back. I am sorry that I broke my promise, and I express my sincerity to Mr. Yang
I'm sorry." Buffett said sheepishly.
To be honest, Yang Chen didn't expect that he would be able to acquire so much equity at the beginning.
Now only 10% of Buffett's equity is needed to completely control Jinbai Oil and Gas Company, Yang Chen certainly does not want to miss such a golden opportunity.
"I can probably understand what Mr. Buffett means. However, I still hope that Mr. Buffett can sell the 10% to me. The price is negotiable. How about a 50% premium?" Yang Chen asked.
Buffett: "Mr. Yang, this is not a matter of money. To tell you the truth, I have received an order from our national level to keep this 10% stake and never let you get it. So, I really can't do anything
Sell it to you. Let alone a 50% premium, even if you pay a premium of 5 times, I can’t sell it to you. Many things in strategy cannot be bought with money. However, I really admire Mr. Yang’s methods.
This battle far exceeded my expectations. To be honest, if I had expected this situation, I would never have been able to help you. You are too scary. I think that in the near future, you will definitely become a man who conquers the world.
.”
Yang Chen: "Mr. Buffett, please don't paralyze me. Let's get down to business. Can't you think about it again?"
Buffett shook his head and said: "I really can't think about it anymore. I hope Mr. Yang can understand me."
Yang Chen: "Okay! Then I can harvest you."
Buffett was stunned. After a few seconds, he laughed and said, "Mr. Yang, don't scare me. You must be kidding me, right?"
Harvest Buffett?
Is this an idea that people on earth dare to have?
Even if you eat a peanut while drinking, you can't get drunk like this.
Buffett's smile is a smile of confidence, but also a smile of contempt.
Unless the US government takes action, no one can harvest Buffett.
Yang Chen smiled slightly, like a smiling assassin, and said: "Mr. Buffett, do you think I am joking with you? I have given Mr. Buffett face time and time again, but you seem to take this for granted. I have good things on my mind.
You, if you think you can't do it, I won't force you. If you want to do it later, I will accept you without gossiping. We agreed in advance to work together. When I turn over the funds, I will buy the one you bought at a 20% premium.
Part of the equity. Now you are telling me these nonsense and breaking the contract, do you think I will joke with you? "
The smile on Buffett's face gradually disappeared. He saw Yang Chen's seriousness and felt Yang Chen's displeasure. He also believed that Yang Chen would dare to do what he said.
However, he really couldn't imagine how Yang Chen could harvest him.
Buffett: "It can be seen that Mr. Yang is very serious. Can I ask how you plan to operate?"
Yang Chen: "Can I tell you this in advance? Okay, let's stop talking today. I've already had a showdown with you, and now it's up to us to see who is stronger. Bye, I'll leave first.
I won’t see you off tomorrow. I wish you a safe journey.”
Looking at Yang Chen's leaving figure, Buffett secretly felt an ominous premonition in his heart.
I have to return home quickly tomorrow and gather a team to study my own weaknesses.
As long as there are no flaws in himself, Yang Chen can't harvest even if he wants to.
Star Investment and Berkshire joined forces to short-sell a natural gas company that shocked global capital markets.
Short selling has been frowned upon since ancient times.
When Soros shorted Southeast Asia, he had a bad reputation and was always called a financial robber.
Another example is Muddy Waters' short-selling of Luckin Coffee a while ago, which also received a lot of abuse.
However, short selling in the capital market is also a form of investment. As long as it is successful, it will still receive praise from people in the industry.
As for the comments and abuses of ordinary people, what are they compared to real money?
Therefore, as long as there is an opportunity to short-sell, those institutions will not show mercy.
At this time, Longguo's capital market was also filled with joy.
After all, Longguo has established an investment company that can stir up world capital.
In the past, the Dragon Kingdom could only be harvested by foreign capital. Now, the Dragon Kingdom finally has companies that can harvest foreign wealth. Of course, the people of the Dragon Kingdom are happy.
No, related topics such as "Xingchen Investment shorted Jinbai Oil and Gas Company", "Xingchen Investment teamed up with Warren Buffett", "Xingchen Investment holds Jinbai Oil and Gas Company" have rushed to the hot search lists on major platforms.
Both the capital circle and ordinary netizens came to leave messages of blessing.
"Awesome! As an investor who has been in the industry for 25 years, this may be the best news I have heard in my life. Our Dragon Country finally has a company that can harvest foreign capital. This day will definitely be recorded in the Dragon Country
In the history of capital, this battle will surely become a classic case in the world’s investment community.”
"Haha... I bought stocks with Xingchen Investment and already earned a house. I didn't expect them to be so powerful that they could join forces with Buffett to harvest foreigners."
"I want to know who is the boss of Xingchen Investment? Why has it always been reported about CEO Jin Ming, but never seen any news reporting on the boss behind it? How awesome a person must be to be so powerful, even if there is no exhaustion, there is no way
Accurately describe his abilities. Anyway, as long as he takes action, I have never heard of any failure."
"I would like to ask if Xingchen Investment controls Jinbai Oil and Gas Company, does that mean we can use cheaper oil in the future? After all, Xingchen Investment is our Longguo company, they will definitely sell it to Longguo Oil at a cheaper price.
"
"I'm not being hypocritical. When I saw news reports that Xingchen Investment had acquired 55% of the equity of Jinbai Oil and Gas Company, I was really excited and cried. Before this, our company could only be harvested by foreign capital in the international market. Even
Our Big A has also been repeatedly harvested by foreign funds many times, especially during the 2015 stock market crash. I have been looking forward to the day when we can create a powerful investment company, and we can also harvest foreign funds.
Capital, let them pay a heavy price for their previous actions. I am about to retire, and finally waited for Xingchen Investment before retirement. No matter who the boss behind the scenes is, I want to say thank you to him. Even if I die now
