章節 879: Chapter 879: Sudden Wealth
When the Bahraini bank was taken over, the Philip Brothers company on the US side was acquired first.
The new Philip Brothers company only has two shareholders, the Milky Way Fund and the New York Chemical Bank.
The Milky Way Fund holds 67.7% of the shares, and the New York Chemical Bank holds 32.3%, and the Milky Way Fund still has an absolute controlling interest.
The absolute control was still maintained thanks to the huge losses incurred by Philip Brothers in the futures market. Even after Chemical Bank of New York replaced the futures contracts with an equivalent of 407 million US dollars worth of Coca-Cola Company shares, the replacement only accounted for 31.2%.
Then combined with the original equity acquired by both parties, the equity was re-divided after the asset integration, and the result became what it is now.
Of course, it is worth mentioning that the shares of the Philip Brothers Company held by the Galaxy Fund, except for those obtained after the futures contract was used as capital, were all transferred from Jiuding Securities.
Although both companies are private companies owned by Xia Yu, the employee bonuses of different companies are linked to the company's performance, so even close family members have to be careful with their finances. After the Galaxy Fund paid a portion of the handling fees to Jiuding Securities, of course Toby Moulton did not have any objections.
By shorting the Phillip Brothers company, Jiuding Securities had made 827 million dollars in the whole process, and now Toby Moulton was pondering how to make reasonable use of the money to invest.
After Jiuding Securities' work was over, Xia Yu focused on the Galaxy Fund.
Time slowly passed, and before he knew it, it was the end of August.
Throughout August, apart from the US election and the liquidation of futures and spot contracts, the only thing that Xia Yu paid attention to was the meeting on the mainland on August 26.
That meeting can be said to be another important turning point in the reform and opening up of the mainland, which confirmed the establishment of special economic zones in four cities, including Pengcheng.
On that day, Xia Yu also gave some special instructions to his think tank in Hong Kong.
On August 31,
Xia Yu's companies finally cleared all copper and aluminium futures and spot contracts. Combining the results submitted by various companies and teams, Xia Yu finally knew the full results of the futures battle.
The copper market had a total of 2.311 billion US dollars, the futures market had a higher return, reaching 1.287 billion US dollars, and the spot market had a profit of 1.024 billion US dollars.
The aluminium market's gains far exceeded those of the copper market, totalling 3.637 billion US dollars, of which the aluminium futures market gained 1.462 billion US dollars, and the spot market recorded a profit of 2.175 billion US dollars.
The total profit recorded in the copper and aluminium markets was 5.948 billion US dollars, which was about to break through the 6 billion US dollar mark.
However, these are only book profits, and in reality there is not that much liquid capital.
The reason for this is that a large number of futures contracts are used to hedge with the Philip Brothers and the Bank of Bahrain, which have essentially become the equity and assets of these two companies.
Of course, some of it has been swapped for the equity of Coca-Cola. The real liquid capital that remains in Xia Yu's hands is 4.01 billion US dollars.
These figures are only known to Xia Yu, and each team and each company only knows their own data.
Not all of this money is in the United States. Apart from less than one billion US dollars within the United States, the rest of the funds have long since been transferred to international accounts during the transaction with the next company, either in Swiss banks or already transferred to Jiuding Bank or Chiba Bank.
Xia Yu's assets have once again skyrocketed.
After reviewing all the data in the office, Xia Yu locked the transcripts in the safe and then called a meeting with the senior management of the Galaxy Fund.
Five minutes later, in the conference room.
Xia Yu wore a peaceful smile, his gaze sweeping over the faces of the crowd. Song Yang, Xue He and the others all wore smiles, full of energy, and their eyes filled with reverence as they looked at Xia Yu from time to time.
Xia Yu knew that this global futures battle had transformed his subordinates, greatly improving their overall outlook and stress resistance.
'Clap!'
Seeing that everyone was present, Xia Yu gave a light applause. The meeting room fell silent in an instant, and everyone's attention was focused on him.
Xia Yu cleared his throat and said with a smile, 'Alright, let's begin the meeting.'
'The success of this operation could not have been achieved without your hard work, and I have seen it all.'
'Since I have meat to eat, I won't let you starve. Everyone here will receive a bonus of no less than two million US dollars!'
'Thank you, boss!'
'You'll have meat to eat if you follow the boss!'
'The boss is generous!'
The crowd immediately cheered, their faces filled with excited smiles.
Two million US dollars, converted to Hong Kong dollars, is more than 9 million, and this is the minimum.
Together with the bonuses from previous investment projects, this means that this year they will all have at least 10 million Hong Kong dollars in bonuses, so how could they not be excited?
The boss really is generous!
Xia Yu smiled as he watched the crowd cheer.
He had already done some calculations, and estimated that the bonus for this futures battle would be around 60 million US dollars, including all employees, not just the executives present.
But even 60 million US dollars was only equivalent to about 1% of what he had earned this time.
His bonus percentage was already considered extremely low in the financial industry.
However, this is a special case. After all, in the Galaxy Fund, people like Xue He and Song Yang are just senior employees, not partners of the company, so of course their bonus percentages cannot be high.
If they were to follow the financial industry's practice of taking a percentage of tens of percent, Xia Yu would have to bleed a lot. Xue He and the others have taken too much money, and they are prone to have superfluous thoughts.
Fortunately, the situation of Galaxy Fund was special, and Xue He and the others were self-aware. They knew that the key factor in their success was boss Xia Yu, and the credit basically belonged to the boss. They were just doing their best to implement the boss's decisions.
Furthermore, this operation was not just Galaxy Fund's. They were all executives of Galaxy Fund, and at most they knew about the income of Galaxy Fund, but they were not aware that Xia Yu had benefited by nearly 6 billion US dollars.
After about two minutes, the room was quiet again.
Xia Yu spoke again: 'The bonus will still be paid out at the end of the year according to the usual rules. It belongs to you, and no one can hack it. Those employees who joined later may not be clear about the situation, so you have to do a good job explaining it to them.'
Hearing this, everyone nodded in unison.
'Then let's start the next meeting process. There are two things that are very important to the company. First, let's talk about the first one.'
'Song Yang.'
Hearing his boss Xia Yu call his name, Song Yang immediately sat up straight, bowed slightly to Xia Yu, then looked at the manuscript in his hands and read aloud: 'In this futures war, our company has gained an additional subsidiary, that is, Philip Brothers. According to the boss's instructions, this merger and acquisition has not yet been completed, and we still need to assist Philip Brothers in acquiring a company. Everyone is familiar with this company, which is Solomon Brothers.'
'According to the latest investigation, Solomon Brothers Company has stopped in time, but it is therefore too difficult to escape from the futures market in the later stage, and it is currently also on the verge of bankruptcy. However, because there are signs of a decline in the markets for high-grade copper futures and aluminium futures, Solomon Brothers Company may likely escape if it can hang on.
'According to the boss's instructions, all difficulties must be resolved within one month, so that Philip Brothers Company can fully acquire Solomon Brothers Company...'
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