Resource Tycoon Reborn
Chapter six hundred and eighty fifth hit the head
Westbrook was all groggy. He barely slept last night. After learning that BHP Billiton Group announced that it had given up its acquisition of Rio Tinto Group, he was originally worried that this news would affect BHP Group.
Because of the performance of Rio Tinto Group Company in the Australian stock market, I quickly rushed from Fangjia Restaurant to my hotel. As a result, as soon as the stock market opened, the share prices of Rio Tinto Group Company and BHP Billiton Group Company both fell, but BHP Billiton Group Company only fell.
Less than 3%, Rio Tinto Group fell by almost 33%. This was the result of Rio Tinto Group's protective market during the session. The lowest point fell by a full 3%.
Seventeen!
This result gave the management of Rio Tinto Group, which had been mentally prepared for the stock price drop, a blow to the head! The blow left them dizzy and completely unaware of what was going on and what was going on! In one day, the total market value of Rio Tinto Group was
It has shrunk by nearly 20%, equivalent to US$12 billion! And this is just the beginning. Although Westbrook barely slept a wink last night, he still has to look at the performance of his company on the British stock market.
, He secretly prayed that it would never collapse like the Australian stock market. The cash in hand of Rio Tinto Group is already very tight now. It has already used a lot to buy stocks on the Australian stock market. If the British stock market also buys, Rio Tinto will
The cash flow of the group company is in danger of rupture! Westbrook gritted his teeth with hatred for BHP Billiton Group Company's sudden abandonment of the acquisition and stabbed himself in the face, but he was helpless.
As soon as the British stock market opened, Rio Tinto Group's stock price plummeted. However, in just half a day, it had already fallen by 23%. And looking at it, if trading had not been suspended at noon, it would have continued to fall.
Everyone in the Rio Tinto Group was panicked. If the scene in the Australian stock market were to repeat itself on the British stock market, Rio Tinto Group's market value would have been lost by nearly half! This result, let alone the management, was unacceptable to the shareholders.
We can't accept it! There has been a lot of selling in the British stock market, but the funds to take over the orders are very few.
Westbrook has mobilized part of the liquidity of Rio Tinto UK Group and is preparing to buy stocks in the afternoon to stabilize the stock price, but to be honest, he has no idea how much effect these billions of dollars of funds can have.
No, and if all these funds are used today, what about tomorrow? What about the day after tomorrow? What about the day after tomorrow? He doesn’t think that this wave of impact on Rio Tinto Group’s stock price will pass in just one day.
What will you do then? Not long ago, Rio Tinto Group had to apply for a one-year postponement of debt repayment because it was unable to repay its US$15 billion debt due at the end of October.
If all the working capital in hand is used up and the share price of Rio Tinto Group Corporation falls sharply, then if Rio Tinto Group Corporation wants to borrow money from the bank again, what will it use as collateral? At this time, everyone in the bank is in danger.
, they would rather not make a loan that they are not sure about. It is better to make less profit or even lose some money than to have a large loan that will be difficult to collect!
Westbrook stood up, went to the bathroom to wash his face with cold water, and opened all the windows in the room. Immediately, the cold air outside the window rushed in, and the temperature in the warm spring room immediately dropped.
Several times, the beautiful female assistant who was also wearing thin professional clothes in the room, showing off her curvy figure, immediately turned a little blue.
With the cold wind blowing on his face, Westbrook felt that his groggy head was finally sober. He glanced at the female assistant who looked a little timid, waved his hand and said: "You can go out first."
"Yes!" The female assistant bowed respectfully and walked out quickly. Only then did Westbrook pick up the phone. He wanted to immediately discuss a countermeasure with Chairman **Vicci.
At this time, in the Hilton Hotel, Qiu Jie was speechless as he looked at the latest news. The news that BHP Billiton Group Company gave up its acquisition of Rio Tinto Group Company was really too sudden and caught him off guard. Two days ago, BHP Billiton Group Company
When the company's management was interviewed by the media, they still vowed that even if the acquisition application was rejected by the European Commission, BHP Billiton Group would not give up. It has only been two days, but the lingering sound is still ringing in my ears.
Lopez completely overturned his previous statement and gave up his efforts to acquire Rio Tinto Group Company. He also stabbed Rio Tinto Group Company in the face and denigrated Rio Tinto Group Company as being worthless!
It has to be said that Crius Kloppers did a very good job. On the Australian stock market, the share price of BHP Billiton Group fell slightly due to this, but in the British stock market, its share price increased by 5% as a result.
With a rise of seven, it is obvious that investors here in the UK are in favor of BHP Billiton Group Company’s decision to abandon Rio Tinto Group Company at this time. However, Rio Tinto Group Company was in misery, with its stock price falling in just one morning.
An increase of 23%! This is extremely tragic for a large company with a market value of tens of billions of dollars. The management of Rio Tinto Group must be very worried now!
The corners of Qiujie's mouth turned up slightly. Rio Tinto Group was in a state of distress, but for Huaxia Aluminum Co., Ltd., it was an opportunity. Although Rio Tinto had been troubled by BHP Billiton Group this year, although it was said that the international
The price of iron ore on the market has plummeted. Although Rio Tinto did not gain much advantage in the 2008 iron ore price negotiations and was taken the lead by Brazil's Vale, it is facing its own challenges.
At that time, Westbrook still looked unruly, and in his words, he still sounded like he didn't take Huaxia Aluminum Co., Ltd. to heart.
Thinking of this, Qiujie couldn't help but sigh again. The domestic steel industry has developed rapidly, and steel production capacity has increased rapidly, and has even become the world's largest steel-producing country. This is certainly not a bad thing, but the steel industry has a high demand for raw materials.
The huge demand cannot be met domestically and can only be turned overseas. The huge demand has caused the global iron ore price, which has not fluctuated significantly for many years, to rise continuously. Only then did the country discover that the steel industry is still hanging around its neck.
With a chain, once foreign countries block the import of iron ore, the domestic steel industry will face the dilemma of having no rice to cook. Moreover, the continuous rise in iron ore prices has also made the domestic steel industry become a wedding dress for others.
, most of the profits had to be given away to overseas.
Therefore, when BHP Billiton announced that it would acquire Rio Tinto, the domestic reaction was so great. Domestic leaders could not be more clear about the consequences of monopoly, so China Aluminum Co., Ltd. was established.
The company's acquisition of Rio Tinto Group's shares occurred to block BHP Billiton's acquisition of Rio Tinto Group. Just because someone took advantage of it, Huaxia Aluminum Co., Ltd. only acquired about 2% of the shares.
"Alas" Qiu Jie couldn't help but sigh. Back then, Huaxia Aluminum Co., Ltd. only took 2% of Rio Tinto Group's shares. They were secretly scolding those who stopped them from taking action.
People, but now it seems that it is a good thing. If I had bought 10% of the shares according to the original plan, I would have lost five to six billion US dollars on this investment. Although Huaxia Aluminum Co., Ltd.
It is a central enterprise. The loss of 5 to 6 billion US dollars cannot be easily covered by just paying tuition.
Qiu Jie's fingers subconsciously rubbed the armrests of the sofa, and his thoughts turned to the current situation of Rio Tinto Group. According to the news obtained by Huaxia Aluminum Co., Ltd., Rio Tinto Group's current liquidity is quite limited.
That’s four to five billion U.S. dollars. For this reason, Rio Tinto Group Company had to postpone the repayment of debts of up to 15 billion U.S. dollars for one year. This also made Rio Tinto Group Company actually face the sharp drop in the stock market.
There are not many countermeasures. I will definitely buy some stocks to protect the market, but it is absolutely impossible to throw out all the four to five billion US dollars. If it is an emergency loan, given the current situation of the Rio Tinto Group, I am afraid that it is willing to grant a huge emergency loan.
There are also very few banks. Now, there seems to be no other bank that can really help them stabilize their stock prices, and it will have immediate results, except Huaxia Aluminum Co., Ltd.?
"This is an opportunity to seek greater benefits for the company!" Qiu Jie murmured to himself. He was very dissatisfied with Westbrook's attitude towards negotiations. You have to know that wherever he goes in the country, he can't go anywhere.
Part of the time, he was praised by others. Except for the bigger leaders, when had he ever been so angry? Moreover, he also felt that the price offered by the company to Rio Tinto Group this time was too favorable, not to mention that it was a timely help.
At least it solved the urgent need of Rio Tinto Group Company. A few days ago, Rio Tinto Group Company deliberately spread the news in private that Huaxia Aluminum Co., Ltd. was interested in taking shares, thereby stabilizing its stock price. If the shares were really
After the acquisition was successful, Huaxia Aluminum Co., Ltd. was basically the largest shareholder of Rio Tinto Group. Not only was it unable to obtain the position of chairman, it was also unable to assign directors. This would be too much for Rio Tinto Group.
In fact, Qiujie also understands that now, even if BHP Billiton Group Company and Rio Tinto Group Company have merged, the situation is not that bad for the domestic steel industry. After all, everyone knows that Australia Haiping Mining Company and
If the Brazilian company is merged, plus the shares of Katsk Metal Group, the iron ore production capacity controlled by the Fang family will be comparable to that of the three major mining giants, and they will be fully qualified to play a leading role in the international iron ore industry.
The market has spoken.
However, this iron ore production capacity is mainly controlled by the Fang family, which makes many people in the country feel uneasy, so this time Huaxia Aluminum Co., Ltd. will take the initiative to win over Rio Tinto
Group company's shares, thereby enhancing the country's voice in the iron ore market. Perhaps it is too eager to win these shares, worried that the Rio Tinto Group will retaliate, and worried that Australia's Foreign Investment Approval Committee will not approve it, so China
The acquisition conditions proposed by Aluminum Co., Ltd. can be said to be extremely sincere. However, Rio Tinto Group Company does not seem to appreciate it very much.
"It's not a business deal!" Qiu Jie said to himself. Before he finished speaking, the cell phone placed aside rang. Qiu Jie picked it up and took a look at it. It was Westbrook's number.
"Mr. Westbrook? What's the matter?" Qiu Jie asked with a smile.
"Mr. Qiu, do you have any plans for this afternoon? I want to talk to you about the cooperation between our two companies." Westbrook's voice came from the mobile phone.
"Afternoon? I have time after five o'clock. How about I invite Mr. Westbrook to dinner and we can talk while eating?" Qiu Jie thought for a moment. At this time, he felt that he wanted to hang out with Westbrook.
, the effect would actually be better. If he hadn't worried too much, he actually wanted to delay it for a few more days, so that he could further understand the losses of Rio Tinto Group Company in this "stock market crash". The harder Rio Tinto Group Company's stock price fell,
The more we need the "help" of Huaxia Aluminum Co., Ltd.!
"Okay!" Westbrook hesitated for a moment and then said, "Mr. Qiu, Chairman Wei Wei plans to formally announce the cooperation intention between us and start negotiations as soon as possible."
"Eh? Do you plan to announce it now?" Qiu Jie asked in feigned surprise. Before, Westbrook said that he hoped to announce it to the public after both parties reached a basic consensus. Why did he change his mind?
"Yes!" Westbrook gritted his teeth and said. He didn't believe that Qiu Jie didn't understand Rio Tinto Group's intention to announce this news to the public now. But this matter must be reported to Huaxia Aluminum Co., Ltd., otherwise
, if Huaxia Aluminum Co., Ltd. said in an interview with the media that there was no such thing, or said something inappropriate, it would put Rio Tinto Group Company in a trap. Not only would it not be able to stabilize the stock price of Rio Tinto Group Company, it would also be very difficult.
It may also have negative effects, so there must be no accidents.
"I will report this matter to the company leaders and inform you of the result as soon as possible." Qiu Jie replied in a deep voice, but a faint smile appeared on his face. In fact, he can make a decision on this kind of matter, but
Why should he give Westbrook this face? To be continued.
The novels in it are updated quickly, have few advertisements, complete chapters, and are anti-theft]
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