Extraordinary Genius

Chapter 1675: Bankruptcy and acquisition (7/10)

In just a few days, several real estate financial listed companies have been suspended, and the stock price has fallen too fast, and it has not stopped.

Seeing this, Feng Yu is not very happy. Not because he didn't sell the stocks of these companies, but Feng Yu did not 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 filed 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 company to file for bankruptcy protection, in order to prompt the two-room group to quickly take over.

And this company, Feng Yu has long been selected, that is, the new century financial company, the second largest sub-lending company in the United States.

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

The impact of this company 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 about Feng Yu’s negative news.

It is said that the wind and rain holding group is now spending more money, and then Feng Yu took a fancy to the new century financial company and wanted to acquire it.

So Feng Yu made these negative news, and is preparing to buy the stock of New Century Financial Company at a low price in the stock market. This is clearly a hostile takeover!

Companies that have been maliciously acquired generally have to undergo management changes and fire a large number of employees. Feng Yu has hurt everyone's interests.

But there is another paradox in this news, that is, many stocks of financial companies in the new century are in the hands of those shareholders and are not circulating in the stock market.

Even if Wind and Rain Holdings can buy all the stocks in the stock market, it will not be 50%, and it will not be able to form a factual holding. In order to complete a hostile takeover, it is necessary for those shareholders to sell shares to the Wind and Rain Holdings Group.

In this way, the wind and rain holding group is bound to increase the purchase price, which is also profitable for shareholders, they should support it, Feng Yu did not hurt their interests.

It is because the stock price has now fallen, but once it proves that Windsor Holdings is acquiring the stock of New Century, the stock price may rise back at any time.

Who does not know that Fengfeng Holding Group is Feng Yu's company, Feng Yu's company, what industry, what industry to make money, if he buys New Century Financial Company, then this company must make a big profit.

At this time, Ralph also came out to explain the situation. The wind and rain holding group bought some shares of the new century financial company, but sold it quickly because they thought that the company would soon go 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 company, they immediately publicly rebutted, saying that the wind and rain holding group is suppressing their stocks, clearly intends to host a malicious acquisition, they strongly disagree.

And their company will not go bankrupt, and investors will continue to invest in their company's stock, which will definitely give investors a generous return.

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

On the one hand, it is the wind and rain holding group, the world-famous large-scale integrated group company, and the enterprise of investment **** Feng Yu. On the other hand, the new century financial companies whose stock prices are falling, how they feel like dying.

As a result, after such a trouble, the stocks of the new century financial companies fell faster, so that those shareholders would cry.

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 suddenly changed. They themselves know that the company 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 and rain holding group, or offended Feng Yu, why should they target them? They are just a financial company with a market value of less than $3 billion, which is not worth mentioning compared to many subsidiaries of Wind and Rain Holdings.

After such a toss, their market value has fallen to only a few hundred million dollars, and watching the trend, it will 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 amount of capital investment, the company can be saved. But that would cost billions of dollars, but whoever has billions of dollars would invest in such a company.

Since the negative news has been reported, 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 legitimate financial company does not have 100% profit on lending, and more than half of the money cannot 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.

Under this circumstance, the New Century Financial Company had to apply to the court for bankruptcy protection, and at this time their company's stock price has 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, outlets, service centers, service platforms, etc. It also includes devices such as computers.

Of course, they have to lay off 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 company's burden is. There are more than 55,000 brokers and staff dealing with loan-related matters. These people are also the assets of the company and are considered to be 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. The plan was successful, and finally I can rest assured.

......

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