I want to be a giant of Hong Kong Island

Chapter 635 [Advancing into the Japanese financial industry]

In September, the Iran-Iraq war broke out;
Gold brokers worried that the war could disrupt oil supplies, and the price of gold started to rise again, reaching $9 an ounce on September 23.

Sony President Norio Oga happily came to Chiba Bank, ready to settle the purchased gold futures;
A group of Sony executives were still wondering why the chairman wanted to invest in gold a few months ago, but now they are full of admiration for the chairman;

In just five months, Sony has made a profit of nearly 3.6 million US dollars on gold futures, which is almost half of Sony's profit.

Contrary to Norio Ohga's mood, a group of senior executives of Chiba Bank are looking sad at this moment;
It turned out that Chiba Bank issued a futures contract to Sony with a value of US$9 million;
But in fact, Chiba Bank only bought a contract worth 3 million US dollars;

The funds of the remaining contracts were all embezzled by Chiba Bank;

If the settlement is based on the gold price at this time, Chiba Bank will have a deficit of 2.4 million US dollars.

Hearing that Norio Ohga wanted to settle the gold futures, Hiroshi Tagami, president of Chiba Bank, also felt distressed;

"President Dahe, the price of gold is going up at this time, if your company continues to hold it, it will make more profits!" Tian Shangyu can only persuade in this way.

At this time, Chiba Bank will definitely not be able to pay Sony's 5.6 million US dollars including the principal!
However, if it is advertised by Sony at this time, Chiba Bank will suffer a devastating blow;

And all the high-level officials involved in this matter will definitely step down, and they may even be imprisoned!
Norio Ohga didn't know why Yuya Tanaka persuaded him so much, but before he came, the chairman had already asked him to sell Sony's golden contract immediately;
Regarding the chairman's words, Dahe Norio has always regarded it as an imperial decree, how could he disobey;

What's more, Sony's high-level executives also urgently need to take out the money, and they will accept it as soon as it is good.

"No! Your bank must close our contract immediately; at this time, it is the period of skyrocketing gold, and the market trading volume is infinitely enlarged. I believe it only takes one day to close the position!" Norio Oga said seriously.

"This"

"What's so difficult about this, if your bank can't do it, then let our traders operate the transaction!"

"Okay, we will help you close your positions as soon as possible!"

On the same day, Wu Guangyao asked about the matter again by phone;

"Then what's wrong with Tian Shangyu?"

"It seems to be a little bit. When I said to close the position, he always persuaded me not to close the position. This is very abnormal in itself; I insisted on closing the position, but he still hesitated. It's very strange!"

Wu Guangyao laughed, and said to Dahe Nianxiong: "If I'm not wrong, Chiba Bank didn't use Sony's funds to speculate in gold at all. They wanted to embezzle the funds and bet that the price of gold would depreciate!"

On the other side of the phone, Norio Oga opened his mouth wide, showing an incredible expression!
"President, how do you know?"

Wu Guangyao did not answer Dahe Dianxiong, this is not something he needs to know;

"Leave this alone! My wife Kusano Huixiang and son Wu Xianying intend to acquire Chiba Bank! I asked them to contact you and hope you can assist in the acquisition; afterward, I will personally thank you! "

"Hi! The president is serious, it's a trivial matter, nothing to worry about!"

The mother and son Jiusano Huixiang and Wu Xianying are very excited, because the Chiba Bank has finally made progress;

In fact, the amount of funds for this kind of acquisition is not the key point for the Wu family;

The real reason why Wu Guangyao took this countermeasure is that if the management of Chiba Bank is not caught;

Then even if the Wu family acquires a large amount of shares and becomes a major shareholder, it will be difficult to intervene in the core management of Chiba Bank;
Unless Chiba Bank is privatized, the cost is not only high, but also very detrimental to subsequent operations.

"Father's strategy is really in line with the right time, place and people; if it is not for the skyrocketing price of gold, or the greed of Chiba Bank, or the family office's frequent huge loans to Chiba Bank, which one of the steps goes wrong, this strategy It is impossible to succeed!" Wu Xianying said to his mother with admiration on his face.

Jiusano Huixiang said with a smile: "You only know a thing or two about your father's skills. How many other classic business battles are there, but you are not the only ones!"

Wu Xianying suddenly became interested and asked his mother for some details;
Kusano Huixiang waved her hand and said: "I just heard from your other aunts, and everyone doesn't know the details; but everyone always thinks that your father is like a prophet, who can always predict many important things. event, and profit from it!"

Wu Xianying said with a smile: "If my mother wants to say this, I also know a lot of my father's deeds; I know my father's journey to become a ship king. An important node is to get the letter of credit from the Bank of Japan."

Norio Ohga came to Chiba Bank again, and brought many people with him this time;
"President Yuya Tanaka, we should sell all our gold futures contracts!"

"President Dahe, I'm really sorry, no financial institution has taken over so many contracts for the time being!"

Dahe Noorixiong sneered in his heart, it seems that the boss really hit the mark, the management of Chiba Bank must be too courageous!

This kind of thing, I have never heard of it!

If you don't earn good commissions, why do you want to bet against customers?
Norio Ohga would never have imagined that this was an interlocking trap, with the 'Guangyao Family Office' and Sony working together.

In particular, the 'Guangyao Family Office' has borrowed a total of 15 billion US dollars from Chiba Bank, and the annual interest alone needs to pay 1.5 million US dollars.

In terms of money relationship, the 1.5 million US dollars of funds greatly increased the acquisition cost;

However, what the Wu family wants is the management rights of Chiba Bank and access to Japan's financial industry;
In this way, it is very cost-effective!

"Impossible! The current market conditions are so good, it is impossible that we can't even afford this contract! How about it, President Yuya Tasue, show us the certificate of the futures contract, and Sony Financial will participate in it personally!"

"This"

"President Yuya Tanaka, this is something you should cooperate with! Could it be?"

When Yuya Tianshang heard it, he knew that Norio Ohga had already guessed something, and he panicked immediately!
"President Yuya Tanaka, you guys are so courageous! You should know that once this matter gets out, the reputation of Chiba Bank will be severely damaged, and none of you high-level managers will be able to escape!"

"President Dahe, it's not what you think, we can deliver 5.6 million US dollars to your company immediately!"

"President Yuya Tanaka, I must see the futures contract! Otherwise, you are lying!"

After some tit-for-tat confrontation, Norio Ohga temporarily let Chiba Bank get up and leave.

At this time, he had confirmed that Chiba Bank could neither pay nor complete the contract for the client;
Next, I plan to bring the chairman's wife and son to Chiba Bank tomorrow to be a matchmaker!

(End of this chapter)