Resource Tycoon Reborn

At this time, in Mr. Guo's mansion, Guo Tianyu was drinking tea with a somewhat pale middle-aged man and chatting casually.

Guo Tianyu has now taken over the management of Guo's Shipping Group for many years. Although the chairman of Guo's Shipping Group is still Mr. Guo, no one can deny that Guo Tianyu has grown up. Even if Mr. Guo completely changed from Guo's Shipping

If the group withdraws to take care of itself, the operations of Kuok Shipping Group will not be greatly affected.

Moreover, Guo's Shipping Group has made considerable progress in its shipping business in recent years. Not only has it successively taken over more than ten large cargo ships and oil tankers of various types, it has also cooperated with the Fang family in many aspects to a great extent.

It has greatly expanded the scope of the Kuok Shipping Group. In particular, the Kuok Shipping Group has very close economic exchanges with the mainland. Although the Southeast Asian financial crisis has been vigorous and has had a significant impact on the economies of Hong Kong and Southeast Asia, it has

For the Kuok Shipping Group, which has shifted most of its business focus to the mainland market, it is not a problem! On the contrary, shipping companies in various countries have been hurt by the financial crisis, giving the Kuok Shipping Group an opportunity to expand!

In just six months, Kuok Shipping Group has annexed three small and medium-sized shipping companies in Thailand and Malaysia, expanding its shipping business in the two countries!

Such achievements make many people in Hong Kong envious.

Guo Tianyu looked at the middle-aged man sitting opposite him, and he couldn't help but feel a little sad. Once upon a time, hey, it wasn't that long ago, the middle-aged man in front of him was the well-deserved leader in the Hong Kong securities industry.

Sheep! In less than ten years, in his hands, Baifusheng Investment Company has developed from a mere registered capital of HK$400 million to the present. Baifusheng has not only become a listed company on the Pengcheng Stock Exchange

The chief international underwriter for the issuance of B-shares, becoming the "leader" of Hong Kong securities companies. It has also become the largest investment company in the Asia-Pacific region, except Japan and the United States!

At that time, PAX had offices or trading seats in 17 countries or regions around the world. Last year's turnover reached more than HK$180 billion, making PAX one of the largest investment banks in Asia at that time.

It was also the only Hong Kong investment bank at that time that could truly compete with the major Wall Street banks.

But who could have imagined that a sudden financial turmoil sweeping across Asia would cause PAX, the leader in the securities industry, to fall into bankruptcy and liquidation in a short period of time! Capital operations, a thought in heaven,

The cruelty of hell is vividly reflected in Bai Fu Sheng!

Although Xun Botao was chatting with Guo Tianyu, his heart was as restless as fetching water from fifteen buckets. Baifusheng Investment Company was founded by him. After nearly ten years of hard work,

We have only come to this day. Xun Botao naturally has extremely deep feelings for the company!

In the first half of 1997, he was still enjoying the dividends from the huge increase in red chip stocks' listing. He never expected that a financial crisis sweeping Asia would suddenly hit him.

In fact, Xun Botao knew before that the rapid expansion of Baifusheng's financial business, especially its large-scale involvement in financial derivatives transactions, would cause a certain degree of hidden dangers to the company's financial chain. Once a sudden change occurs, the company will be

It is possible that the company will face bankruptcy and liquidation due to insufficient capital turnover! However, Xun Botao believes that now is the best period for the company's business development. If this period is missed, it will be difficult to develop at such a high speed.

Therefore, he did not stop the pace of expansion and rectify the company's financial order, thinking that he would wait until this period of rapid development was over before making great efforts to rectify the company.

But he didn't expect that God didn't give him this opportunity at all! The sudden financial crisis in Southeast Asia turned the four Asian Tigers, who were originally full of flowers, like a lost dog! The three-dollar loan that Pafuseng originally lent to a taxi company in Indonesia...

The amount of USD 100 million could not be collected on time due to the sharp decline in the exchange rate of the Indonesian rupiah, making it impossible for Pavicon to pay its due debts on time.

In order to tide over the difficulties, Xun Botao had to sell the company's shares to raise funds to tide over the difficulties! He contacted many wealthy people in Hong Kong, including some well-known Hong Kong people, but all of them expressed no intention to acquire shares of Pampus.

In desperation, Xun Botao had no choice but to turn to foreign financial institutions. Finally, at the end of 1997, he reached a preliminary agreement with Switzerland's Zurich Investment Group to invest US$200 million to acquire part of the shares of Pafusheng.

Xun Botao breathed a sigh of relief. With the two hundred million US dollars, it was enough for the company to tide over the difficulties. After all, the overall operating order of Baifusheng Investment Company was still improving, but the temporary capital could not be turned around normally.

I originally thought that my bad luck would end here. Although the company suffered some losses and the Swiss Zurich Investment Group's investment in the company would also bring some negative effects, the company was saved after all!

No one thought that after the New Year, when he was negotiating further details on the investment agreement with Zurich Investment Group of Switzerland, news came from Indonesia. After entering 1998, Indonesia's financial situation would further deteriorate.

Worse, the Indonesian rupiah depreciated sharply again!

Before and after the Southeast Asian financial crisis broke out last year, the exchange rate between Indonesia's currency, the Indonesian rupiah, and the U.S. dollar remained at about 2,500 yuan per U.S. dollar. Then it continued to fall as the Southeast Asian financial crisis broke out. Later, due to the international

The IMF's assistance was in place, and the Indonesian rupiah exchange rate was once stable at the level of 4,000 yuan to one U.S. dollar.

However, on January 14, 1998, news came from European and American countries that Moody's and Standard & Poor's, the two major rating agencies, would successively lower Indonesia's credit rating to the level of "junk" bonds!

Although the rating criteria of each credit rating agency are different, the evaluation methods are also different. Generally speaking, credit rating agencies review and evaluate a country based on its borrowing and repayment track record, business, projects under development and other information.

Credit rating. The government of a country wants to issue bonds and borrow money from all over the world. If its repayment ability is low, lenders need higher returns before they are willing to lend money to this government. Therefore, the lower the credit rating, the lower the government’s loan

The heavier the cost; conversely, the higher the credit rating, the lighter the government's loan cost.

And "junk" bonds mean that in the eyes of the two major rating agencies, the bonds issued by the Indonesian government are no longer investment-friendly, but only speculative! Although they are far from the lowest end of the rating standards - default and default in repayment.

There is still a certain distance, but this already means that in the eyes of investors around the world, Indonesia's future economic development is very worrying!

As soon as the news came out, the Indonesian rupiah immediately fell sharply, breaking the historical record of 5,000 yuan to one US dollar!

Xun Botao couldn't help but feel anxious. In the hands of Baifusheng Investment Company, in addition to a loan of US$300 million to the Indonesian Taxi Company, there were also bonds of almost US$400 million! If the Indonesian rupiah continues to increase by such a large amount,

If the price continues to fall, these bonds will become useless paper! And the actual assets of Baifusheng Investment Company will also shrink significantly!

As the news spread, Swiss Zurich Investment Group immediately put forward more stringent conditions for buying shares, that is, their subscription price should be reduced from HK$9 per share to HK$5.5 per share. This undoubtedly means that the two

With an investment of US$100 million, Swiss Zurich Investment Group will hold nearly one-third more shares!

Although Xun Botao is sitting here at this time, he is very anxious in his heart! If he can't find anyone willing to take over the shares of Baifusheng at the right price in these two days, he will have to bite the bullet.

It’s time to grit your teeth and accept the asking price from Swiss Zurich Investment Group! Otherwise, Baifusheng Investment Company will face the possibility of bankruptcy and liquidation!

However, today, the Guo family was suddenly summoned, and Xun Botao had no choice but to come. In fact, he also held a glimmer of hope in his heart. Mr. Guo is now the well-deserved wealthy family owner in Hong Kong, and the Guo Shipping Group has not been widely affected by the financial crisis.

Loss, an investment of only two to three billion US dollars is really nothing to the Guo family! If Mr. Guo is willing to invest, it will naturally be easier for Hu Botao to accept than the Swiss Zurich Investment Group!

Moreover, the good reputation of the Guo family can not only help Xun Botao feel at ease, but also make the customers of Baifusheng Investment Company feel at ease!

But after arriving at the Guo family mansion, Guo Tianyu personally received him, but he never said the purpose of calling him here. This made Xun Botao feel like grass had grown in his heart. Watching the time pass by,

Xun Botao wanted to leave and continued to look for the next investor for himself, but he was worried that this would offend the Guo family and Mr. Guo. Moreover, he was constantly reminding himself in his heart whether this was Mr. Guo's right.

A test of your own character?

Guo Tianyu couldn't help but sigh when he saw Xun Botao suppressing the anxiety in his heart and forcing a smile on his face. However, without Mr. Guo's nod, he couldn't say much to Xun Botao. However, from what he had just learned,

Judging from the latest news, Fang Mingyuan has already gone to see Mr. Guo. I believe it won't be long before the two of them come to a final conclusion.

He could see that Mr. Guo obviously wanted to help Baifusheng Investment Company. He did not want this leading company in the Hong Kong securities industry to decline or fall into the hands of foreigners, but he was not sure in his heart.

Recruited Fang Mingyuan from the mainland.

"Alas!" Guo Tianyu couldn't help but sigh in his heart, that monster! That freak! He is also a top student who graduated from a world-renowned university. Why didn't he see the emergence of the Southeast Asian financial crisis?

" target="_blank">http://www.ptwxz.com">www.ptwxz.com