Resource Tycoon Reborn

~Date:~November 03~

"Ring..." The phone in the car was ringing.*..**

Xun Botao picked up the phone. The caller was none other than Denrex Stone, the representative of Swiss Zurich Investment Group in Hong Kong. After a while, he threw the phone into the back of the car with a gloomy expression.

Take your seat!

On the phone, Stone told him in a regretful tone that news came from the headquarters of Shijia Investment Group in Zurich, Switzerland. Due to the current bad situation in Indonesia, the agreement he reached with Xun Botao had not been approved by the board of directors and had to be approved by the board of directors.

Something has been modified!

Because in the original agreement between Xun Botao and Ston, the conditions for the subscription of shares were that the Swiss Zurich Investment Group was satisfied with the results of the further investigation and the operating conditions of Baifusheng Investment Company's investment from the date of announcement to the date of subscription.

and the market has not undergone major changes.

Therefore, Stone's request did not violate the agreement he had reached with Xun Botao!

On the phone, Stone mentioned that the board of directors of Swiss Zurich Investment Group requested that the formal subscription of shares by both parties be postponed to January 25th! The reason is very simple. The reason why Baifusheng Investment Company is in the current predicament is that

Mainly because the company's claims in Indonesia cannot be recovered in a timely manner. At present, Indonesia's financial market is turbulent and the Indonesian rupiah has depreciated sharply. Switzerland's Zurich Investment Group believes that under such circumstances, it is completely impossible to determine the value of Pavement Investment.

How much will the company ultimately lose in this turmoil, so it is necessary to wait until Indonesia's financial situation stabilizes before making a decision!

The board of directors of Zurich Investment Group in Switzerland also considered that Baifusheng Investment Company will have a debt of US$100 million due at the end of January. In order to avoid Baifusheng Investment Company from suffering losses due to this, it is recommended that Baifusheng Investment Company better

During this period, we are actively looking for other partners, or seeking short-term loans from banks to tide over the difficulties!

On the phone, Stone actively recommended an American bank, Boston National Bank, to him. He also claimed that his good friend, Robert F. Mildari, director of Boston National Bank's Japan office, was very interested in PAX.

We are very interested in the current situation of Baifusheng Investment Company. It is very likely that we will send people to Hong Kong to conduct an on-site inspection of Baifusheng Investment Company in the near future.

If Shiton's call came before Xun Botao came to the Guo family, Xun Botao was full of anger and could only grit his teeth and endure it. But now, what he said to Mr. Guo and Fang Mingyuan, Switzerland

The worry that Zurich Jia Investment Group may have bad intentions is a little more convincing!

On January 19, 1998, bad news once again came from the Indonesian currency market. At the close of the day, the Indonesian currency, the rupiah, once again plummeted by 2,148 yuan to a record high of 13,000 rupiah.

The exchange rate of rupiah to one U.S. dollar ended the day's trading. Before and after the outbreak of the Southeast Asian financial crisis last year, the exchange rate between Indonesia's currency, the Indonesian rupiah, and the U.S. dollar was still at a level of more than 2,500 yuan to one U.S. dollar!

The bad situation in Indonesia also affected several neighboring countries. On that day, the foreign exchange and stock markets of Thailand, Malaysia, Singapore and other countries all experienced large fluctuations! Even Hong Kong's Hang Seng Index fell by more than 300 points that day.

, fortunately, by the time the market closed, the decline had narrowed to less than 30 points!

Although the international community has been psychologically prepared for the collapse of the Indonesian rupiah since the two major rating agencies Moody's and Standard & Poor's successively lowered Indonesia's credit rating to "junk" bond level. However, such a plunge to a diving level is still

This makes many people in the international community find it difficult to accept!

Such a plunge has also caused many companies and enterprises to suffer heavy losses, and even went bankrupt! These days, there are endless news of bankers and entrepreneurs committing suicide in Hong Kong and Southeast Asian countries! As for the poor, it is even more difficult.

The meager savings I had accumulated through hard work were wiped out in this feast of currency depreciation!

The plummeting of the Indonesian rupiah has once again brought the spotlight to the attention of the public in the Hong Kong securities industry, PAX Investment Company, which was already at the forefront! After the revelations from several US-funded institutions, everyone knows that PAX

Sheng Investment Company has almost US$700 million in receivables that are difficult to collect in Indonesia for a while! And in less than ten days, it will have to pay US$100 million to its creditors!

If Baifusheng Investment Company cannot obtain sufficient capital injection in less than ten days, it will face the fate of bankruptcy and liquidation!

Seeing that PAX Investment Company, which was once all-powerful in the Hong Kong securities industry, has fallen into its current situation, most of the colleagues in the Hong Kong securities industry are not gloating about the misfortune, but a feeling of sadness that the rabbit is dead and the fox is dead!

Many people are thinking that as the leading company in Hong Kong's securities industry, Pafusheng Investment Co., Ltd. cannot escape the fate of bankruptcy and liquidation. So, can these companies, which are far inferior to Pafusheng Investment Co., Ltd., be able to survive the financial crisis?

The day the crisis ends? Many people secretly have other thoughts. For a time, there is an undercurrent in Hong Kong's securities industry!

And Xun Botao still did what he had done for a long time before, walking among the wealthy families in Hong Kong every day, lobbying these wealthy people hard and in vain!

During this period, a staff member from the Boston National Bank's office in Japan did come to Hong Kong to inspect the situation of Baifusheng Investment Company. Xun Botao also took time out of his "busy schedule" to communicate with

He had a long conversation and convinced Boston National Bank to provide a three-month short-term loan to help Baifusheng Investment Company overcome the temporary shortage of funds.

This clerk from the National Bank of Boston, unfortunately, Xun Botao did not remember his name, promised to truthfully report the specific situation of Baifusheng Investment Company to Director Robert, and stated that, in the name of Baifusheng Investment Company,

Judging from the current situation, it is not completely impossible to obtain a loan from Boston National Bank! However, this person only stayed in Hong Kong for three days and then left. Until now, there has been no news.

The Baifusheng Investment Company, located in an office building in the center of Hong Kong's business district, is already filled with gloom. Even the bright smile of the receptionist at the front desk has a gloom that cannot be swept away. The staff members are coming and going.

, although the pace is still as hurried as before, it is not difficult to see that everyone has a worried look on their face... (To be continued..(

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