Resource Tycoon Reborn
Chapter 677 Attitude
Although after the news that Huaxia Aluminum Co., Ltd. intended to take a stake in Rio Tinto Group was released in small circles, Rio Tinto Group's stock price did not fluctuate greatly in the stock market, but it became much more stable. This has caused
*Vitch and Westbrook are very satisfied. It is not appropriate to cause uproar in the city and make it known to everyone. In that case, they will have to face questions from Huaxia Aluminum Co., Ltd. It is best like this.
The news was disseminated without causing a complete estrangement between the two parties.
But this does not mean that the two of them can rest easy. BHP Billiton Group is still persevering in seeking opportunities to acquire Rio Tinto Group. In the international market, the price and demand for iron ore are still continuing to decline, which makes
Westbrook and Vicky are both having a headache and feeling helpless. The 2008 iron ore price negotiations have just ended, and the 2009 iron ore price negotiations are about to start again. This time, including Brazil,
The three major mining companies, including Vale, have lost the courage to continue to raise the price of iron ore. Instead of continuing to raise the long-term contract price of iron ore, the spot price is now even lower than the long-term contract price. This means that
This means that unless more iron ore is sold, Rio Tinto Group's performance next year may not be as good as this year!
The person participating in the negotiations on behalf of China is naturally the Liaoning Iron and Steel Group Company. Regarding this, both the Rio Tinto Group Company and the BHP Billiton Group Company are having a headache. They themselves have the Brazilian MM Company and the Australian Haiping Mining Company, as well as the upcoming
Liao Provincial Iron and Steel Group, which has completed the construction of railways and ports and exports large quantities of iron ore to Katsk Metal Group, which supplies iron ore, Liao Provincial Iron and Steel Group has an unusually peaceful mentality when facing these three companies. On the contrary,
After the three mining companies experienced a series of events in 2008, Brazil's Vale was very dissatisfied with their attempts to change the pricing mechanism of the Changsha Mine, and their two companies were also involved in acquisitions and conflicts.
Due to the estrangement due to the acquisition relationship, the three major mining companies no longer have the trust they once had to cooperate sincerely and unite to seek greater interests. The result of fighting independently is that they can no longer control Huaxia Steel Enterprises.
time. This made them all miss those good days even more.
On November 12, Airbus announced at its headquarters building that it had received a purchase order for six A380 passenger aircraft from Hong Kong's Kowloon Airlines. This order made Airbus's undelivered A380 passenger aircraft order cancelled.
After the order was placed, the number returned to more than 200 aircraft. This news certainly made Boeing a little unhappy. Motyjunas even called Fang Mingyuan specifically for this, complaining that he favored one over the other.
On November 14, the Dutch government announced that it would spend 17 billion euros to acquire all the Dutch businesses of the former Fortis Group, including the former ABN Amro. The next day, the Belgian government also reached an equity swap with BNP Paribas.
Due to the exchange of agreements, Fortis Group's businesses in Belgium and Luxembourg were also completely divested. Prior to this, due to the impact of the subprime mortgage crisis and high debts, Fortis Group's share price had fallen by more than 90%.
Fifth, the stock, which was worth almost 19 euros per share at the beginning of the year, has fallen to less than one euro. So far, Fortis Group, which mainly focuses on banking and insurance business and is known as the "bancassurance double-headed eagle" in the industry
Its assets only include the international insurance business, part of the equity in the structured credit asset portfolio and some cash. This means that Fortis Group, an internationally renowned enterprise known as the "double-headed bancassurance eagle", has since disintegrated into an international insurance company.
The profit potential of the company can be said to be as high as heaven and earth compared to before its disintegration!
This result naturally made many people in China sigh and feel very happy. If the stock closing plan had not been denied, the losses would have been in the billions of dollars!
"Fang, have you seen what Fortis Group is like today?" Philip asked with deep emotion. It was originally ranked among the top fifteen European financial institutions. It was once favored by investors and believed to have unlimited potential.
The Fortis Group Company fell from the clouds into the mud. Its asset value lost more than 70%! At the beginning, China Anping Insurance Company wanted to acquire its shares, and it was the shareholder HSBC Holdings Co., Ltd.
Together with multiple directors to veto it, it was able to avoid this major loss, and also HSBC Holdings Co., Ltd. avoided huge losses. The reason why HSBC Holdings Co., Ltd. decided to take the lead in vetoing this acquisition was because Fang Mingyuan
After joining the board of directors of HSBC Holdings Co., Ltd., the first proposal was to ask HSBC Holdings Co., Ltd. to vote against the equity acquisition on the board of directors of China Anping Insurance Company!
The board of directors of HSBC Holdings Co., Ltd. at that time was still very controversial about Fang Mingyuan's proposal. However, firstly, the Welf family contacted several directors who also had doubts to support Fang Mingyuan's proposal. Secondly, because
This is Fang Mingyuan's first proposal after joining the board of directors of HSBC Holdings Co., Ltd. Even if he doesn't agree with this proposal in his heart, considering that it was Fang Mingyuan who helped them avoid heavy losses in the Madoff scam, and they
Fang Mingyuan's participation was also needed to boost investors' confidence, so it was finally passed. And nearly a year later, looking back at this matter, those directors who originally had reservations about this resolution had no choice but to
Admittedly, Fang Mingyuan's vision was very accurate and he once again successfully avoided the company's heavy losses! This made many people on the board of directors re-examine Fang Mingyuan's proposal to extend the loan of Burj Khalifa World Corporation!
"How could I have thought of what Futong Group is today? I'm not God!" Fang Mingyuan shrugged, "I only know that it will probably lose money, a lot of money, and that's enough!
"
"Fang, let me ask again, are you so optimistic about Burj Khalifa World Company?" Philip leaned forward slightly, looked directly into Fang Mingyuan's eyes, and asked solemnly.
"I have to spend three to four billion US dollars, and I have to bear debts that are several times this amount. Do you think I am crazy? Or, what kind of guarantee do you want to ask me to make?" Fang Mingyuan
He asked bluntly. Philip was speechless. Yes, Fang Mingyuan's attitude can be said to be quite clear. What kind of guarantee do they want?
"Philip, there is no risk-free income in this world! Even banks will go bankrupt! If you insist on safety, you will miss a lot of opportunities!" Old Welf's voice came from outside the hall. Then Angelie
Na helped old Welf in.
"Father! (Grandpa!)" Philip and Fang Mingyuan quickly stood up and said.
"Sit down!" Old Welf walked in slowly, sat down on the sofa and smiled at the two of them, "I feel good today. I came down for a walk. I have been feeling depressed for many days. Fang, this
Once you put down what you were doing and rushed to Germany, it didn't delay your business, right?"
"It doesn't matter. It just so happens that I can handle some matters nearby in Europe." Fang Mingyuan shook his head and smiled, "You don't have to take it to heart."
Old Welf nodded slightly and said: "I heard Angelina mention that you intend to invest in Burj Khalifa World Company to help Dubai overcome this debt crisis? If the funds are not enough, I still have one billion euros here.
I can lend you some of my idle funds. Philip, when you have nothing to do, read more ancient Chinese books. Many of the principles in them are very reasonable even now in Europe."
"Yes!" Philip couldn't help but feel bitter. Chinese was difficult enough to learn, and classical Chinese was even more difficult, but he didn't dare to say he wouldn't learn it. Old Welf had been the patriarch for many years and could be said to have accumulated prestige in the family.
Ji Zhong, except for his brothers, there are really few among the younger generation who dare to disobey him, at least Philip is not one of them.
"Thank you. If you need it, I won't be polite to you, grandpa." Fang Mingyuan thanked you.
Old Welf waved his hand and said: "What's there to be thankful for? We're all one family. Moreover, this time, the family avoided huge financial losses because of your warning. Hehe, it's a financial crisis. I, Welf,
Not only did my husband's family not suffer losses, but it actually grew a bit stronger. Other European families did not have such good luck. The best thing they could do was to guarantee no profit or loss. Between the rise and fall, I, Wel
The strength gap between the Welf family and other families has become the largest in recent decades. Speaking of which, if you are not already a member of the family, our Welf family should thank you very much!"
Looking at Fang Mingyuan, old Welf's eyes were full of relief and love. It can be said that it was his single-handed push that made Fang Mingyuan become a member of the Welf family! When it came to absorbing Fang Mingyuan into the Welf family, Wei
The opposition in the Welf family is actually very strong. Although Fang Mingyuan's achievements are indeed outstanding among the younger generation, in the eyes of many members of the Welf family, they are a wealthy European family.
Who do you think the Fang family is among the wealthy families? They are nothing more than mud-legged, nouveau riche!
Especially when it comes to marrying Angelina to Fang Mingyuan as his unknown wife, the resistance in the hearts of the Welf family members is even greater. Among the members of the Welf family of this generation, Angelina is not just a direct descendant.
The members themselves are also quite capable. In their view, Angelina can marry the direct core children of the Welf family's allied families to further consolidate the Welf family's position in the upper class of Europe.
Status, rather than marrying far away from China with no reputation or status.
If it weren't for the highly unanimous opinions of Old Welf and others, Angelina herself not fiercely objecting, and the extremely strict rules of the Welf family, it would have been impossible for Fang Mingyuan to join the Welf family. In fact, these people were not
I don’t know, it’s not that Fang Mingyuan wants to join the Welf family and become a member of the family, but the old Welf and the others are racking their brains to ask Fang Mingyuan to join the Welf family.
In any case, now Fang Mingyuan has gradually accepted the reality that he is also a member of the Welf family. Old Welf also knows that Angelina has become Fang Mingyuan's assistant, has begun to get in touch with the core of the Fang family, and has also become Fan Mingyuan's wife.
The only way to go. And this means that the two families will become closer and closer in the future. With the support of the Fang family, the Welf family can still ensure that their status does not decline after their own death, waiting for the Welf family
There will be a new powerful clan leader! If it were not for Fang Mingyuan, he would not be able to become the clan leader. Old Welf really wants to make him the next clan leader. This kind of silent victory, although it is not as exciting as a vigorous victory, but
But it shows that Fang Mingyuan's vision and skills are so great that other families have nothing to say and don't even know who to blame. Many people must be feeling suffocated.
"By the way, the family still has the rewards you deserve. This time you will take them with you too." Old Welf chuckled, "Although we haven't counted them all yet, there are four to five billion euros. I
I can give you a full discount. With these two funds, I think you will have a lot more money. If you still need funds, just ask, don't dare to say more. If you prepare more than one billion euros, it will not be a problem.
.”
"Father!" Philip shouted. There are almost three billion euros here and there! Although it is not difficult for the Welf family to withdraw this amount of money, the Welf family now also has
While taking the opportunity to acquire promising companies that are in trouble due to the financial crisis, there are also other families competing for the ownership of these companies with the Welf family. With these three billion euros, wouldn't it be a stronger trump card!
"Philip!" Old Welf's face darkened. How come his son still can't figure it out at this time? As long as Fang Mingyuan recognizes that he is a member of the Welf family, the Welf family will continue to have more money in the future.
The Welf family has benefited a lot from Fang Mingyuan this time! And Angelina is his daughter after all, it can be said that Fang Mingyuan will also be his solid backing in the family in the future! Moreover, with these
Is he still worried that he won't be able to get the money back after he lent it to Fang Mingyuan? Instead of expressing his attitude when Fang Mingyuan needs help, is he going to wait until Burj Khalifa is back on track before adding more money to the cake? That will only make Fang Mingyuan's distrust of Weir
My husband’s family is disappointed!
"Father, what I mean is... I am also willing to come up with some funds." Philip said with a smile, "I also have some idle funds here that can be handed over to him. And I will try my best to push the board of directors of HSBC Holdings Co., Ltd. to agree to Dubai
Tower World Company’s loan has been extended.” (To be continued.)
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