Resource Tycoon Reborn

After Phillip had been sitting in the living room for more than 20 minutes, Fang Mingyuan came to the hall, sat opposite him, and poured himself a cup of tea in silence. Phillip could see that Fang Mingyuan was obviously not in a good mood. However, the Internet failed.

This is also normal. Old Welf can be said to be his staunchest supporter in the Welf family. At a time when the global economic crisis is about to come, Old Welf has been ill for a long time.

During this period, he needed to rest, which of course made Fang Mingyuan feel a little annoyed.

"The patriarch is old after all. He has been working hard on the affairs of the clan over the years. We, after all, can't let him let go of the affairs of the clan with peace of mind." Philip sighed softly. Old Welf was there the night before yesterday.

He suddenly fainted in the Welf family's manor, causing the Welf family to panic for a while. It even alarmed Fang Mingyuan and Angelina who were far away in Asia, and flew to Germany overnight.

"It's good for Grandpa Welf to rest for a while. You will have to worry about the affairs of the family." Fang Mingyuan said. Old Welf has been in charge of the family for many years and can be said to be the anchor of the Welf family. As long as he is still alive.

, itself is an invisible deterrent to the Welf family and the enemies of the Welf family.

"I heard from Angelina that you want to invest in Burj Khalifa World Company?" Philip put down his tea cup and said seriously, "As far as I know, Dubai's current economic risks are very high, and it is very likely that it will become the second Iceland!

"From the end of October to the beginning of November, in just over a week, the Icelandic government announced that Iceland's major banks were facing huge losses due to the financial crisis in the United States and Europe, which caused the exchange rate of the Icelandic currency against the euro to fall.

The Icelandic government then took over all three major banks in the country, and the Icelandic financial management department also decided to temporarily stop the transactions of all related financial instruments conducted by major domestic banks in Iceland. The Icelandic debt crisis officially broke out.

Although it is said that in the face of the crisis, the Icelandic government only needs to raise 4 billion euros in funds to temporarily tide over the difficulties, the Icelandic government has repeatedly encountered obstacles in borrowing overseas. In this regard, senior Icelandic officials admitted that due to the lack of funds from the Icelandic banking industry

Almost completely exposed to shock waves in the global financial industry, Iceland faces a "national bankruptcy" crisis.

This incident shocked the world. In early 2008, the Icelandic government announced that last year's GDP reached nearly 20 billion U.S. dollars. Ranked in terms of per capita income, Iceland ranked fourth in the world and has been rated many times.

It is among the most livable countries and the happiest countries in the world. Such a country, which has been envied by people around the world for many years, has a foreign debt of up to 180 billion US dollars, which is nine times its annual GDP! This news immediately

It caused intense turmoil in the global financial market, especially the European financial market, which made people panic! A large amount of stock market wealth was wiped out.

"Well, I personally think that although Dubai is likely to become the second country to have a debt crisis and cause national bankruptcy, for now, it still has room for recovery. An Icelandic debt crisis has disturbed the global financial market.

It is turbulent. If a new debt crisis breaks out in Dubai, the impact on the global economy is self-evident." Fang Mingyuan said, "What does the company's board of directors think of the extension of the loan to Burj Khalifa World?"

The financial institution under HSBC Holdings Co., Ltd. controls at least 21% of the debt of Burj Khalifa World Company. As one of the directors of HSBC Holdings Co., Ltd., Fang Mingyuan's first choice to break the situation is naturally HSBC Holdings Co., Ltd.

As long as HSBC Holdings Limited agrees to postpone the repayment of Burj Khalifa World's debt, Burj World's debt pressure will be reduced. Moreover, because HSBC Holdings Co., Ltd. is one of the world's top financial companies, its attitude

It will affect other large financial institutions to a considerable extent.

"In the board of directors, there are quite different opinions on the loan extension proposal. Everyone has different opinions. At present, the directors who agree to extend the loan of Burj Khalifa World Company cannot guarantee that we will pass this proposal on the company's board of directors.

"Proposal." Philip said, "I'm trying hard to convince these directors, but to be honest, if we can't see a clear improvement trend in Dubai's economy, it may be difficult for the board of directors to pass it."

Fang Mingyuan was silent. This result did not surprise him. The official outbreak of Iceland's debt crisis caused the global financial market, which had become turbulent due to the US subprime mortgage crisis, to be even more involved in the whirlpool. Iceland

The foreign debt of up to 180 billion US dollars has made the management of many financial institutions worry about it. World-renowned financial companies have collapsed one after another, and more companies are on the road to collapse.

At this time, even for a top financial institution like HSBC Holdings PLC, the board of directors must be cautious and cautious in making decisions.

"Actually, the crisis of Burj World Company is not a crisis." Fang Mingyuan said with a faint smile, "The possibility of a debt crisis in Dubai does exist, but it is not certain how much impact it will have on the global economy, at least it is certain.

It cannot reach the level of Iceland, which grandma does not kiss and uncle does not love. Don’t forget that Dubai is part of the United Arab Emirates, and the United Arab Emirates is an oil exporter! And the ratio of its total debt to annual GDP is also

Far inferior to Iceland.”

Philip nodded and said: "It is precisely because of this consideration that some directors on the board of directors support us. Otherwise, this proposal will probably be rejected by the board of directors on the day it is proposed." He understood what Fang Mingyuan meant, Dubai

Unlike Iceland, the mainstay of Iceland's economy is fishing and tourism, and it is outside the Eurozone. After the debt crisis, it was difficult to obtain financial assistance from other European countries. It is said that some people in the Icelandic government have already clamored

It is time to ask Russia for help. But Dubai is different. Compared with Iceland, it can be called a diversified development. Moreover, the United Arab Emirates and other nearby Middle Eastern countries all have strong foreign exchange reserves.

As long as Dubai really asks for it, it is not difficult for several countries to come together and come up with 20 to 30 billion U.S. dollars. However, the Dubai government has never done this. It is estimated that on the one hand, it has not reached the point of exhaustion, and on the other hand, it is not difficult.

There are political considerations.

"The Dubai government can provide debt guarantees for Burj Khalifa World Corporation. Moreover, there is an old saying in our country, how can you get the tiger cubs if you don't enter the tiger's den? Dubai is already the most important financial center in the Middle East. If we don't help them at this time,

Hey, what reason can we use to ask the Dubai government to look down upon us in the future?" Fang Mingyuan leaned on the sofa casually and said, "Maybe we will lose some profits, but we can get the support of the Dubai government and even the governments of the Middle East.

Appreciate this, no matter how much money you spend, it is difficult to get it. If I were not a director of HSBC Holdings Co., Ltd., this good thing would not be the turn of HSBC Holdings Co., Ltd. But a loan of more than one billion US dollars, this

Don’t you dare to take any risks?”

"I heard that you plan to invest in Burj Khalifa World Company?" Philip asked.

"Well, we are fighting for it. I hope to get 30% of the shares!" Fang Mingyuan said without hiding it, "However, it is difficult to say whether Dubai can agree."

Philip's pupils couldn't help but shrink slightly. Although with the current net assets of Burj Khalifa World Company and 30% of the shares, Fang Mingyuan only needs to spend three to four billion US dollars to obtain it, but if the debt is included

, that was extremely astonishing. Why did he have such strong confidence? However, when he thought about it, Philip felt a lot more relieved. Such Fang Mingyuan was undoubtedly more reassuring.

"Are you so confident in Burj Khalifa World?" Philip asked curiously.

"I am more confident in Sheik Maktoum and the future of Dubai!" Fang Mingyuan said, "Burj Khalifa World Company has a lot of shares in Deutsche Bank and Standard Chartered Bank that it plans to sell. If the Welf family is not interested,

Help me find out if anyone is interested."

"Deutsche Bank... the family may acquire Standard Chartered Bank. Let me ask you. Aren't you interested?" Philip pondered for a moment and said.

"The shares are too small, and there's no point in getting involved." Fang Mingyuan said with a smile. How could he have so much spare money now? He still had to leave some shares to acquire Citibank. That was also a huge gold-eating beast!

Philip talked to him about some recent developments of the Welf family. Due to Fang Mingyuan's advance warning, before the violent turmoil in the European financial market, the Welf family had already withdrawn from those industries with limited profits and relatively large risks.

Since then, the family's businesses have also undergone a round of "downsizing," so in more than half a year, the overall profits have been quite satisfactory. However, many families in Europe have suffered heavy losses.

"The Royal Bank of Scotland is now controlled by the British government, and the Blake family has suffered a serious loss this time! The Rusko family has become much more honest all of a sudden." Philip said with a proud smile. Before the subprime mortgage crisis broke out, Welf

The family has been forced to fight by the aggressive Rusk family. Who would have thought that in just over a year, the balance of power between the two families has completely changed, and they have lost the help of the Blake family.

The Rusk family is like a wounded tiger whose front paw nails have been cut off. It has no advantage over the Welf family. If it weren't for the current economic prospects that are not promising, and if it weren't for other families in Europe,

The Welf family will definitely take the initiative to attack the Rusk family.

"I think the family should act steadily, first to ensure that the family does not suffer greater losses in the upcoming economic crisis, and secondly to take care of the Rusko family in their spare time. Which of the two is more important? I

Don't you think I need to say anything more in front of you?" Fang Mingyuan said, but he remembered that during the European debt crisis not long after, Italy and Spain were both countries that the media believed were most likely to be hit by the debt crisis. Ruth

But most of the family's strength lies in these two countries, so you can imagine the impact it will receive in the future. At that time, the Welf family will take a few bites on the severely frustrated Rusk family.

It's not too late either.

Compared to the Rusko family, Fang Mingyuan feels that the poor prospects of the European economy in the next few years will be the Welf family's biggest enemy, and they need to devote 100% of their energy to face it.

"But if we don't take advantage of the fact that the Blake family is severely weakened and unable to help the Rusk family, and wait for the Blake family to recover, or the Rusk family has roped in other allies, wouldn't we have missed this opportunity?

A good opportunity?" Philip hesitated and said, "The Rusko family is like a poisonous snake. Even if its head is cut off, it must be vigilant that the fallen head will bite someone."

Fang Mingyuan laughed dumbly and said: "If I say that the Rusko family will probably gradually weaken without any help from the family, do you think it is necessary to take action to deal with the Rusco family personally?"

"How is this possible?" Philip said in disbelief. How could the Rusco family gradually weaken on its own? Its companies occupy an extremely important position in the economies of Italy and Spain, and every year they can provide Rusco with

The Sco family made a huge fortune.

"There is an old saying in China, 'If the skin does not exist, where will the hair be attached'? It means that if the skin does not exist, then who will the hair on the skin rely on?" Fang Mingyuan drank a cup of tea in his hand.

After finishing the drink, he said, "Come on, let's continue talking about Rio Tinto Group Company and BHP Billiton Group Company."

Phillip waved his hand and said: "What else is there to say? Everything that needs to be prepared has been prepared, and the funds are in place. We are just waiting for the opportunity you mentioned. I can't say more. I will grab about ten percent for you.

There is still a lot of confidence in the shares. Now it depends on whether the sharp drop in Rio Tinto Group's stock price you mentioned will happen." As early as a month ago, Fang Mingyuan proposed that the Welf family help him

Be prepared to acquire the shares of Rio Tinto Group Company at the right time, and Old Welf naturally agreed. Although Old Welf is ill now, he has entrusted this matter to Philip.

.

"Murphy's Law tells us that bad things are always going to come!" Fang Mingyuan said, "This is the case with the Rusko family, and it will be the same with Rio Tinto Group. It has been in the production of iron ore for many years.

." (To be continued.) 8