Cosma Empire

Capital games are a necessary means for capitalists to grow themselves in the free economic market. It is a normal behavior in the commercial economy to defeat all business opponents and obtain the fruits of victory through legal means. Although it may be too cold-blooded emotionally at times, this is the world, the real world.

Now that Nanshang Bank and the Imperial Bank of China hold more than 53% of the shares, they can put Western Insurance Company into bankruptcy protection anytime and anywhere. Never overestimate the morality of businessmen, and don't underestimate their shamelessness Otherwise, like Mr. Jackson, he will become a helpless loser.

Not only did he lose a chance to take off, but he would also bear a large amount of debt, declare bankruptcy protection, and finally accept the liquidation and liquidation of the bank.

So he stopped playing in another way, he wanted to seek refuge in Du Lin!

Dooling was somewhat relieved by Mr. Jackson's defection. Mr. Jackson became a very crucial part of his victory in the war after the king and queen refused to participate in the insurance business. He only needed to simply connect some details together, and he had already thought of how to beat the insurance company under the Southern Commercial Bank first in this war.

It was not Southern Commercial that was beaten down, but the insurance company.

"Do you think any of your friends are reliable?" Du Lin turned over the next page of the newspaper and kept looking down at the newspaper without looking at Mr. Jackson.

Mr. Jackson shook his head, "I don't know who to trust and who not to trust. Some of them are already ready to fall to one side, and some are hesitating, but it is possible that they have already made a decision, but they just don't show it. Just come out."

Du Lin nodded, folded the newspapers together, and stood up, "I understand, go to contact them, try to persuade them to stand with you, things will turn around soon!"

Not long after he turned to leave, Mr. Jackson stood up and chose to leave in the opposite direction. Du Lin didn't want to guard against those official people who were stalking him secretly. He has not committed any criminal acts now, and he is not afraid of being stalked. What he wants to guard against is the people who may be sent by the two major companies, and choose a place with dense traffic Obviously a very good choice, just a few minutes will not make people realize what happened, if anyone is actually following.

Judging from the current situation, it seems that the insurance companies established by the two major banks have taken over Western Insurance, as well as retail investors such as Mr. Jackson. They set up a very scary business trap for those businessmen who wanted to bet on tomorrow with the help of their contracts to jump in. What they dug this time was not a pit, but an abyss leading directly to hell. Du Lin's brain became active. If he guessed correctly, once the insurance business is sure that it can create good benefits and the risk is not as great as they imagined, there will be seven bankrupt businessmen who may choose to jump off the building or swallow their guns suicide.

They owed a loan of 50 million yuan to the South Commercial Bank. Although 60% of the shares were taken away, the rest of them owed a lot, including Mr. Jackson as an example. He now holds 6% of the shares of Western Insurance Company. The current market value of Western Insurance Company is 50 million but its negative assets are also 50 million. These two figures need to be calculated separately.

Among them, 50 million assets are not actually in his hands, which means that he has 3 million debts for nothing, and he will have to bear the same proportion of interest from the second year onwards. On the other hand, the two major banks also used the name of the loan when making capital increase explanations. Mr. Jackson holds 1.1% of the shares of each of the two major banks. 300 million, this also needs to be calculated separately.

In this way, because of the signing of a series of contracts, Mr. Jackson's personal assets increased by 4 million, but the negative assets were 6 million. After positive and negative hedging calculations that cannot be counted as statistical methods, he was inexplicable He has a loan of two million and has to pay interest on it.

This doesn't seem very scary,

Because in fact there are still 2 million assets belonging to him in the bank now, it does seem to be the case, there is no problem. But once the two major banks that hold more than 53% of the shares of Western Insurance Company decide not to take them to play, they only need to split Western Insurance Company first, and the part that is not in debt, that is, the 5,000 in the bank million, and then split out the assets of the liabilities, which is part of the 50 million loans they bear.

Then sell the positive assets to the bank with absolute equity—in various names, such as the company’s good business profitability or other names, sell it to the bank at a low price of 20 million or even 10 million, and then sell the acquired assets to the bank. The 10 million yuan was returned to the bank in the name of debt repayment, so that the positive assets of the entire western company were sold in the name of business services, and the entire company was left with only 40 million liabilities. And because of the unequal treaties in the agreement, Mr. Jackson not only has to bear 2.4 million, but also has not paid 15% of the annual interest for it. For a total of three years, he has to pay back 340,000 to the bank with the principal and interest. 180,000.

As for the insurance companies under the two major banks, it is even simpler. It still adopts the method of splitting and divestitures that capitalists like to use most, to spin off a part of the advantageous industry and transfer it directly to the bank as a way to repay the bank loan at a low price. Even if they look good, 100 million good assets were returned to two banks at a price of 50 million, and now they are still burdened with 250 million debts, calculated at 1.1%, Jackson now He was also burdened with a debt of 2.75 million yuan and the interest of 1.24 million yuan on this part of the debt, which means that he owed the bank a loan of 7.46 million yuan for no reason. , fractions do not count.

The reason for this result is actually very simple. The equity in their hands has been diluted to the minimum. They have no right to interfere with the operating decisions of the three companies' shareholders' meeting and board of directors. They can only accept this result. They can sue the two big banks, but for this capital market, capital is everything. The two big banks have enough time, financial resources, and experienced rogue lawyers to sue them and drag the lawsuit indefinitely. Go on until they are completely bankrupt first.

At that time, the lawsuit will naturally be unable to continue because they are bankrupt, because they have no money to hire a lawyer to continue to seek legal help, and what they are facing at that time may be a debt of tens of millions or even more. If the two major banks suppress the companies they are running, speed up the process, and increase their debts, maybe after a period of time, each of them will bear more than 20 million in debt!

Apart from jumping off a building to end their miserable life and put an end to this debt, they have absolutely no other way to go.

Capital has never shown its kind side. It has always shown people with its bloody mouth. Sometimes some people are swallowed by this mouth, and sometimes they swallow others. Don't try to see who is more pitiful through the results. In fact, from the day they embarked on this path, they are not worthy of pity, and they are all participants with hideous faces.

Now Du Lin's breaking point lies in the Western Insurance Company, or the 50 million "guarantee deposit" stored by the Western Insurance Company in the Southern Commercial Bank.

A group of people who didn’t even enter the door have already started discussing how to close the door. Perhaps because they have too much advantage, this group of people has forgotten that there will always be a kind of miracle in the market and in the capital field, a kind of wisdom. miracle!

Many people along the way Du Lin did not believe in this evil, and in the end they all handed in honest answers.

The insurance industry without Du Lin's interference is indeed an undeveloped land that can't be easily said otherwise. There are countless gold and silver treasures all over here. As the think tanks in the two major banks continue to After deepening the analysis of the profitability of the insurance business, I feel that this is a good deal second only to banks, and it can even be said to surpass banks. It is said that there has even been a slogan spread from within the central bank - "Let everyone have a security guarantee"

Stimulated by the huge good news and unprecedented benefits, the two banks quickly applied for an industry self-regulatory organization in the Imperial Capital, called the Imperial Insurance Industry Self-Regulatory Committee, and initiated the formulation of industry standards to the General Chamber of Commerce in accordance with the standards they had previously negotiated and signed. , and the formulation of industry access standards. As long as these two documents are approved, the insurance industry in the empire will become the backyard of the two major banks in the future, and they always believe that these two documents will be approved without any hindrance.

Based on their relationship with the capitalists and the General Chamber of Commerce, it is impossible for the General Chamber of Commerce to block them for too long on an issue that has nothing to do with their interests. This is not in line with the current interests of the General Chamber of Commerce.

In fact, both the General Chamber of Commerce and the two major banks are facing the same problem, and both are facing the pressure of the cabinet, but there are some differences.

For the General Chamber of Commerce, Magus's attitude is very clear, to defeat them if they find an opportunity, and then take back the General Chamber of Commerce's power over business approval. As for the group of businessmen from the General Chamber of Commerce in the past, they provided a lot of help to Magus, but that was a personal friendship and should not be elevated to the national level. At the beginning, the new party government was indeed facing many crises. With the help of these businessmen, they passed the most difficult time. Didn't they also give the General Chamber of Commerce nearly 30 years of development?

Now that the international situation is becoming more and more changeable, the think tank of the cabinet believes that the future war situation is likely to change from armed conflict to economic war, which also makes Magus want to get back what should belong to the government. The power deposited with the General Chamber of Commerce.

As for the bank, too many anonymous accounts have caused a very bad negative impact and caused great damage and loss to the economic construction. The banking industry must be included in the supervision of the government, and even part of the power should be handed over to the government.

The General Chamber of Commerce and the two major banks can be described as a pair of bad brothers.

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