Extraordinary Genius

1670. Chapter 1670 Bankruptcy and Acquisition (7/10)

In just a few days, several real estate finance companies have been suspended from trading, and the stock price has fallen too fast and cannot stop.

Seeing this, Feng Yu is not very happy. Not because he didn’t sell the shares of these companies, but Feng Yu didn’t wait for the scene he wanted to see, that is, the two-room group came out.

If the two-room group does not come out, there will be variables, and it will have a great impact on Feng Yu’s plan.

It seems that these companies that file for bankruptcy protection are not big enough, the market value is not big enough, and the impact is not big enough. There must be a top-ranking Corporation to file for bankruptcy protection, in order to prompt the two-room group to quickly take over.

And this Corporation, Feng Yu has long been selected, that is, the new century financial Corporation, United States two major sub-loan Company.

Only the negative news of this Corporation has been released a lot, the stock price has fallen all the way, actually has not been suspended!

The impact of this Corporation is too great to be easily suspended. And some people are also looking for ways to save money.

Now there are some rumors about this, it is negative news about Feng Yu.

It is said that the Wind & Rain Holding Company group is now spending more money, and then Feng Yu looks at the New Century Financial Corporation and wants to acquire it.

Therefore, Feng Yu made these negative news and prepared to buy the stock of New Century Financial Corporation at stockmarket at a low price. This is clearly a hostile takeover!

The company that was hostilely acquired generally had to undergo management changes and fired a large number of employees. Feng Yu is hurting everyone’s interests.

But there is another paradox in this news, that is, many stocks of the New Century Financial Corporation are in the hands of those shareholders and are not circulating in the stockmarket.

Wind & Rain Holding Company can’t form a factual holding even if it can buy all the stocks circulating in stockmarket, not 50%. In order to complete a hostile takeover, it is necessary for those shareholders to sell shares to the Wind & Rain Holding Company.

As a result, the Wind & Rain Holding Company Group is bound to increase the purchase price, which is also profitable for shareholders, they should support the right, Feng Yu did not hurt their interests.

To say that because the stock price is now down, but once it proves that Wind & Rain Holding Company is acquiring the shares of the New Century Corporation, the stock price may rise back at any time.

Who doesn’t know that the Wind & Rain Holding Company group is Feng Yu’s Corporation, Feng Yu’s Corporation, what industry, what industry to make money, if he buys the new century financial Corporation, then this Corporation must make a big profit.

At this time, Ralph also came out to explain the situation. The Wind & Rain Holding Company Group originally purchased some shares of the New Century Financial Corporation, but sold it quickly because they believed that the Corporation was going bankrupt and the stock would become Waste paper!

When this statement came out, it suddenly caused an uproar. In particular, the shareholders of the New Century Financial Corporation immediately rebutted that the Wind & Rain Holding Company Group was suppressing their stocks, clearly intending to host a hostile takeover, and they strongly disagreed.

And their Corporation will not go bankrupt, and investors will continue to invest in the shares of their Corporation, which will definitely give investors a good return.

But there is not much that people believe in this statement.

On one side is the Wind & Rain Holding Company group, the world-famous large-scale integrated group Corporation, and the company of investment god Feng Yu. On the other hand, the financial sector of the new century, whose stock price is falling, how they feel like final struggle.

After all such troubles, the stocks of the New Century Financial Corporation fell faster, leaving those shareholders crying.

Last year, there were still many people who wanted to buy shares in their hands, but none of them sold them. I think this is a very good investment and I can earn more profits for them in the future.

But this year the wind has suddenly changed, and they themselves know that Corporation has lost a lot. Even if it was a loss, they would be able to pass the stock issue, or send more bonds or something.

But suddenly there were so many negative news in the media that they suddenly fell into the bottom.

They don’t know when they offended the Wind & Rain Holding Company group, or offended Feng Yu, why should they target them? They are just a financial corporation with a market value of less than three One billion dollars, which is worth mentioning compared to many of the subsidiary organizations of Wind & Rain Holding Company.

After such a toss, their market value has fallen to only a few hundred million dollars, and look at the trend, but also continue to fall.

At this time, they have to find a way to apply for a temporary suspension, first stop loss, and then find ways to get some good news, pull the stock back.

However, they thought for a long time, and there was no good news. Unless there is a large investment, it can save the Corporation. But it will take a few Dollars, but whoever has a One Dollar will invest in their Corporation.

Since the negative news reports, their real estate credit default rate has exceeded 50%!

This means that they have more than half of the money and can’t get it back. Which legal financial company’s lending has no 100% profit, and more than half of the money can’t be recovered, which means that their capital chain has broken.

They also saw it. At this time, they seem to have only one way to apply for bankruptcy protection, otherwise things will get worse and the value of the company will become lower. Even if they are reluctant, there is no other way. Bankruptcy protection can also give them a chance to take a break.

In this case, the New Century Financial Corporation had to apply to the court for bankruptcy protection, and at this time their Corporation’s share price had fallen to the bottom, with a market value of less than 100 million!

The New Century Financial Corporation announced that it will sell most of its assets, including loans, securitization rights, etc., within one and a half months, as well as their stores, business outlets, operation centers, service platforms, etc. It also includes devices such as computers.

Of course, they have to fire more than 3,500 employees in one breath, but this does not include those brokers and staff dealing with loan mortgages.

That is to say, some of their insignificant staff members have more than 3,500 people, which shows how serious the burden of Corporation is. There are more than 55,000 brokers and staff dealing with loan-related matters. These people are also the assets of Corporation, and they are relatively good assets.

In this way, the rights and interests of shareholders can be guaranteed, and this pot is taken out.

Who is taking the pot, and no accident, it is the two-room group.

When I saw this news, Feng Yu finally showed a relaxed smile, and the plan was successful, and finally I can rest assured.

……