章節 770: Chapter 770: The Bank is in Their Hands
While Xia Yu was busy with several major acquisition tasks, Liu Tianci called from an international phone to report good news to him.
In February, Chiba Bank suffered a calculated loss of as much as 252 million US dollars. At that time, Wang Qi and Liu Tianci worked together to short Chiba Bank and launch a takeover battle.
After more than two months, the Chiba Bank takeover battle finally came to a complete end.
After Chiba Bank's explosion, it can be said to have shaken the Tokyo Stock Exchange, and Chiba Bank's stock price plummeted.
Wang Qi and Liu Tianci bought the media behind them to fuel the flames, and Chiba Bank was plunged into a quagmire from which it could not extricate itself.
The short sellers made a total profit of 109 million US dollars.
And in the end, they only had to spend 110 million US dollars to acquire the bankrupt Chiba Bank.
Before the explosion, the market value of the second generation of Chiba Bank was as high as 750 million US dollars, but due to a sudden loss of 252 million US dollars, it almost reached Chiba Bank's 257% bank capital line (the island country uses the Japanese yen, but for the sake of uniformity and better readability, it will be converted into US dollars in the following).
The risk of bankruptcy was infinitely high, and investors were too busy dumping their shares in Chiba Bank, fearing that Chiba Bank would go bankrupt and take them down with it.
After careful calculation, Chiba Bank was acquired by Jiuding Bank, and the profit from short selling was added to the profit from the previous calculation.
In fact, the cost of acquiring Chiba Bank was US$170 million.
With 170 million US dollars, the Chiba Bank, which had a market value of 750 million US dollars, was acquired, and the book profit reached 580 million US dollars.
More importantly, Xia Yu's banking empire had once and for all reached out to the island country and taken over a top regional bank, which was definitely a significant victory.
In the process, no one stopped it, but Liu Tianci used a money offensive, and thanks to the help of Togashi Kazuya, it was eventually resolved.
At the end of the call, Xia Yu reminded Liu Tianci to replace the management of Chiba Bank, getting rid of all the right-wing elements and risk factors within, even if it meant temporarily slowing down the development of Chiba Bank.
Liu Tianci and the others had a good harvest, not to mention Guangming Fund, which had an even more onerous task of acquisition.
During this period, Elena kept in touch with Xia Yu. Apart from chatting about the stars and the moon, from poetry and songs to life philosophy, she also told Xia Yu the latest situation and work progress of Guangming Fund every day.
The first thing to bear fruit was not the Leland Motors Group that had been agreed with Margaret Thatcher, but Lamborghini Motors.
There was nothing to be done about it. On February 28, Lamborghini Motors went bankrupt as planned.
Once the company went bankrupt, George Berkeley, who had been eyeing it up for a while, was shocked by his boss Xia Yu's foresight on the one hand, but on the other hand immediately sent someone to intervene and buy it.
The appearance of Bright Fund made Ferruccio Lamborghini happy but also very disappointed. In the end, due to the high debt, it was finally taken over by Bright Fund for just one million US dollars, with all the debts.
Ferruccio Lamborghini took the one million US dollars and lived out his remaining years in peace.
After the acquisition, Lamborghini was immediately sold by Bright Food to Taikang Motors.
Lamborghini was followed by Leland Motors.
As a British state-owned enterprise, with the top management having been decided and the Duke of Howard acting as its guardian, the progress naturally went very smoothly. The long time taken was also due to the need to conduct asset audits and divestments.
In the end, Leland Motors was acquired by Rolls-Royce Motor Cars for a total price of £150 million.
After the acquisition, Bright Food continued to assist Rolls-Royce Motor Cars in acquiring the remaining shares of Jaguar Motor Cars.
As for Rolls-Royce Motor Cars, it began to digest the fruits of the acquisition.
According to Xia Yu's original plan, the Leland Motor Group would be split up, with the automotive division owning the Rover, Morris, Wolseley, Riley, Jaguar, and MINI brands.
Later, the four-wheel drive division of Rover would be spun off and the Land Rover brand would be established, specialising in off-road vehicles.
Then came the truck and bus manufacturing division, which was placed under the Leland Truck Company and restored its original name.
Leland Truck Company is a subsidiary of Rolls-Royce.
And Rolls-Royce Motor Cars was restructured into a group company.
Then there was TI Automotive Systems, which was also taken over by Rolls-Royce Motor Cars for a purchase price of 40 million pounds.
Then came Lotus Cars, which was wholly acquired by Bright Food for 10 million pounds, but it was not transferred to the Tiangong Motors Group at the first opportunity.
After all, Lotus is different from Lamborghini. Lamborghini is an Italian company, and it would be very easy to transfer it to the Tiangong Group, but McLaren and Aston Martin have not yet been acquired. If you rashly transfer and resell them, it will easily attract media attention. If, by then, someone with ulterior motives manipulates the situation and arouses public anger, then it will be trouble.
As for the most important company, Magna International, it is still in the process of being acquired, but according to Elena, after the initial difficult period, there has been significant progress, mainly due to the price.
Xia Yu was very concerned about the progress of the car company, but what he was most concerned about was the Royal Bank of Scotland and Standard Chartered Bank.
Holding the two banks' fatal cards, the senior management of the two banks were scared to death, but they had to compromise. Some shareholders hurriedly dumped their shares to Guangming Fund, for fear that the news would leak out, causing the bank's stock price to plummet, and even further fermentation would trigger a chain reaction leading to bankruptcy.
Now the situation at Standard Chartered Bank has become completely clear, and the situation at Royal Bank of Scotland is gradually becoming clear. George Berkeley is making every effort to crack it, and Elena is also willing to use the influence of the Howard family to help.
...
Three days later, thanks to the strength of Merrill Lynch, Polaris Capital's stake in CEICO rose to 29.2%, making it the de facto second largest shareholder.
Merrill Lynch is now attacking the largest shareholder, Berkshire Hathaway.
Polaris Capital itself, after three days of hard work, has also increased its stake in Berkshire Hathaway to 5.1%, automatically gaining a seat on the board of directors.
That day, Xia Yu had not yet had time to go to Berkshire Hathaway when he received a report from his subordinate that Warren Buffett had come downstairs and wanted to visit him.
Upon hearing the news, Xia Yu was momentarily taken aback. He had not expected Warren Buffett to play by the rules and just come directly to his door.
But then he thought, Buffett's sudden visit, although very abrupt, had to be said to be a very good way to break the ice. Buffett really was different.
Xia Yu then told his subordinate to ask Warren Buffett to come up, while he tidied the desk a little and told another subordinate to boil some water to make coffee.
In a moment, Warren Buffett, who was wearing black-framed glasses, had greying hair and was just turning 50, arrived in front of Xia Yu.
Xia Yu, beaming from ear to ear, shook hands with him and invited him to sit on the sofa.
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