The collapse of the Thai baht instantly caused a chain reaction. The Thai stock market responded quickly and turned downward, and the securities markets trading in Asia fell one after another.
A-shares took the lead and dived straight!!
The whole of Asia was stirred up, and Thailand's top leaders hurriedly mobilized all funds to carry out a defensive war.
In the last hour of trading, the Thai baht was thrown out as if it was free of charge. The trading volume exceeded 100 million in an instant, and the Thai baht directly exceeded the 40 baht mark against the US dollar.
The person in charge of Thailand's finance angrily yelled into the phone: "Don't tell me this, you must keep the thirty-five yuan mark and let the foreign affairs department contact the relevant countries. This approach of shorting the country is provoking a war!"
At this moment, funds are bullets. Those astronomical figures in the eyes of ordinary people may not last a minute in this currency war. People are anxious when looking at the K-line in the trading market. Every time there is an upward breakthrough, a lot of Thai baht will be dumped immediately.
He came out and was suppressed tightly.
The people at the Thai Foreign Exchange Bureau stared at the time on the big screen. Every second was torture. They had never felt that time was so slow. A large amount of Thai baht was being sold every second. If they did not buy it back, the value of the Thai baht would be
It will collapse instantly.
As the market closed, the Foreign Exchange Bureau spent 475 million, and finally passed these three hours. As the market closed, a financial meeting was immediately held to communicate with external departments, requiring some countries to control international short positions and to firmly anchor the market.
Regarding the exchange rate, we need to pool funds when the market opens tomorrow to bring the Thai baht back to 25 yuan.
No matter how much money is spent, it must be anchored to the U.S. dollar. Thailand's top leaders know that when they lose the U.S. dollar anchor, everything will be completely gone, whether it is finance or unemployment, they will be burned to the ground.
The moon is rounder and people are rounder. A bright moon hangs above the sea and looks so white. Duoduo's boyfriends have broken up. This incident also made Lu Feng realize that the child is getting older and cannot use the eyes he used to see before.
I went to see her with the mentality of a child.
The party was playing on TV, and the family of four were chatting about things in their hometown. After a few phone calls, the people in their hometown had changed. Jiang Xiaoyan's second brother had a fight this year and was hospitalized for a few days. The eldest brother
There was a woman outside, and the couple fought, scratching their faces.
Everyone was rich and restless. Lu Feng didn't say much about Jiang Xiaoyan's family affairs. Jiang Xiaoyan hung up the phone and just said in a low voice that all men are the same.
"I'm on a business trip the day after tomorrow. I'm going to Tianjin to see the factory. The headquarters building is moving in, so I have to participate." Lu Feng glanced at Jiang Xiaoyan and said, "You usually pay more attention to your children."
"More than you put in!"
The two said nothing more and started chatting about the party.
At ten o'clock in the evening, Lu Feng received a call from the financial director of the group, telling Lu Feng that the collapse of the Thai baht would affect the stock market no matter how low it was.
"I understand, it won't have much impact on us." Lu Feng said and hung up the phone.
Sitting back on the sofa, Lu Feng was a little uneasy. He didn't expect Soros to be so impatient. According to the original trajectory, he started to be short in 1996 and only officially started in 1997. He shorted the Thai baht twice and was beaten by Thailand for the first time.
It held on, but the second time it crashed.
Since you start now, you will definitely get results within a few months.
Lu Feng knew very well that after Thailand would be Xiangjiang. They probably couldn't wait until 1998, and July next year would be the time to see each other again.
After a night of silence, he resumed work early the next morning. Lu Feng began to work on internal personnel. He no longer cared about the development of the company, but wanted to take away as much as he could.
Financial newspapers also published stories about the Thai baht being shorted, warning of the financial crisis. The next day, the Thai baht regained its anchor exchange rate of 25 baht, consuming more than one billion US dollars in foreign exchange reserves.
Three days later, Lu Feng left for Tianjin to inspect the chip factory. Before leaving, Lu Feng arranged for Wei Yandan, Zhu Lidong, Du Guoying and other senior executives to go to Xiangjiang to take up positions as vice presidents of Hurricane Capital.
At the same time, it signed a relevant equity exchange agreement with United Capital. Hurricane Capital exchanged 20% of the equity for 4.5% of United Capital's equity. In addition to the conditions in the agreement, United Capital needs to introduce funds to Hurricane Capital within five years.
No less than HKD 5 billion.
For every billion Hong Kong dollars introduced, 4% of the equity exercise rights are unlocked, and Lu Feng has placed considerable restrictions on equity.
At the same time, a listing gambling agreement was added to the agreement. Within five years, Hurricane Capital will achieve positive profits and pay dividends to board members. United Capital will assist Hurricane Capital in listing.
If Hurricane Capital achieves positive profitability within five years, if Hurricane Capital fails to assist in listing, 20% of the equity will be recovered. If both parties achieve this, it will be a win-win situation.
This version is the result of many discussions by the United Capital board of directors. They believe that Hurricane Capital's assets are consumption assets and are unlikely to be profitable within five years.
As long as Hurricanes cannot make a profit, they can carry out internal price acquisitions. As for the financing of 5 billion, it is not a big problem for them.
The 20% equity in the agreement, plus the 20% after financing, even if Hurricane makes a profit, let it go public, and then acquire 11% of the equity after the listing, it will be completely eaten up
Great peak.
Lu Feng is aware of the risks in the agreement, but it is really difficult for R&D companies to survive after they are divested. R&D companies must rely on profiteering industries, and no R&D company is independent.
This thing is a gold-eating beast. Even if Lu Feng doesn't want to face the issue of internal power grabbing, he still has to do it.
Lu Feng went to Tianjin and received a high-level reception from the local municipal government. He talked a lot about the industrial park, follow-up supporting enterprises, national subsidies, local subsidies, talent support, etc.
Lu Feng followed local leaders to inspect the entire industry including packaging plants, wafer plants, test plants, and photolithography plants, and also had dinner with the bosses of local supporting companies.
In the next few days, I went to Nankai University, Tianjin University, and Tianjin Polytechnic to study, and signed a talent transfer plan, which was the "package distribution" in the late 1990s.
The group's senior executives have disappeared one after another. The headquarters building will be moved in a few days, and things are a bit messy. The management is also privately muttering about what has happened recently.
Gudley was walking around the company. He will be moving to a new office in a few days. Now, no matter where he goes in the company, there are people saying hello to Gudley, and they are all in English. Some goats fart like sheep, which is foreign and stylish.
Angry.
"Secretary Gu!" the administrative manager called to Gudley, and the two of them entered the office.
"What's the matter? You have to attend the party tonight. It's boring if you haven't been there for several days." Gudley sat down and said.
"I don't care, it's mainly you. Haven't you heard anything recently? Mr. Lu has been back for a while." The administrative manager whispered: "Mr. Wei, Mr. Zhu, and Mr. Du all went on a business trip yesterday. They didn't go anywhere.
I don’t know, we didn’t even need to buy the air tickets, I bought them myself.”
"Is it so mysterious?" Gudley frowned and said, "Mr. Lu went to Tianjin, right?"
"Yes, it was Mr. Liu who went with me, probably to see the chip factory. I also heard from the finance department that since Mr. Lu came back, the R&D company and the group headquarters have gradually become estranged. No matter what handover happens, it must be done first.
It requires contracts, documents, authorizations, etc. People in some departments complained that the process was cumbersome and similar to that of an external enterprise," the administrative manager muttered.
"Isn't this just a good plan? He also knows in his heart, how many months are left in this year? Those two billion profits will not appear out of thin air. Let me tell you this, as long as the company is acquired,
With my position in the Schroders Group, I must be the person in charge here." Gudley said proudly.
"That's right, your level is much better than that of Lu Feng's gang. How big are the companies in Europe? You are the leader there. Why don't you come here to manage Jiafeng?"
The manager flattered me and said, "Now that you're here, you need to support me more. This administrative department is not very energetic, and all it takes care of are chores."
"It's easy to say that our management method will definitely not be the same as that of Lu Feng and others. It will be absolutely fair and allow capable people to take up positions, not some well-connected people who will flatter others." Gudley stood up and said:
"Fair! Free!"
These words made the little administrative manager look happy. He had always felt that he was in this position because he was suppressed. With his ability, he had already gone to the marketing department to be responsible for the market of a province.
That position was very lucrative, but unlike here, on the surface he was a manager, but when he looked up he looked like a leader, arranging miscellaneous things all day long.
Gudley left the office and already understood in his heart that it was impossible for Lu Feng to take the money and leave. He wanted the R&D company even more. This matter had to be reported in advance. Whether it could be given to him or not was not up to him.
.
According to Gudley's idea, the R&D company must not be given to Lu Feng, otherwise the entire group would become an empty shell.
Back in the office, Gudley calculated the time difference and called John.
John on the other end of the phone made a mental calculation after listening to it. The agreement he signed with Silicon Valley companies covers the entire Jiafeng Group. If the R&D company is privatized, it will be very detrimental to their subsequent negotiations.
"This is not going to work. The best solution is to give him one to two hundred million U.S. dollars and give up the equity!" John said on the phone: "By the way, after taking control of the company, the management's equity must be taken back.
At that time, we will ask them to restructure the company and ask them to sign an agreement to voluntarily give up their ownership and change it to compensation!"
"The management is easy to talk to. The biggest problem now is that Lu Feng is hard to talk to." Gudley said with a headache: "He is obviously ready. If he really wants to make a fuss and drag it out, it won't work."
"This is up to you. There is nothing so simple in the world. If he doesn't want to let go, just find a way to make him let go." John ordered: "Not to mention there are still a few months."