America's Road to Fame

Chapter 159 The Ivanta Family Crisis

"This matter is not so urgent." William Chen took a sip of American coffee, then got up from the boss chair, walked to the sofa, and sat down.

He looked at Alicia, motioned for her to sit beside him.

Alicia's expression changed slightly, she turned her head and glanced at the office door, hesitated for a moment, then moved her body and sat beside William Chen.

"Where's your ring? Lost it?"

William Chen grabbed her hand, saw that her ring finger was empty, leaving only a faint trace of a ring, and asked aloud.

"I just don't want to wear it anymore..." Alicia said with an unnatural expression.

William Chen knew that although Alicia's husband Pete lost the governorship of New York State after experiencing the prostitution scandal, he participated in the election for the state attorney general after this incident and successfully won the position with a relatively high approval rate. this post.

It can be said that Pete's political ability is still very strong, or that under the election method in the United States, his ability to put on a show is still very good.

Of course, from the present point of view, experiencing these things is not necessarily a bad thing for Pete.

After Pete had to resign as governor because of the scandal, he was replaced by the former deputy governor who was born in the Elephant Party.

And now, this man, after he successfully squeezed out Pete to serve as the governor, not long after the subprime mortgage crisis broke out, he realized that what he needed to face was a fragmented mess destroyed by the crisis.

Because of the subprime mortgage crisis, the funds in the financial system have dried up, and because of the sharp drop in housing prices, many people have cut off their mortgage payments and were evicted from their homes. Various companies have closed down, and even those companies that have not closed down have also begun to lay off employees. Reduced spending, leading to a sharp increase in unemployment.

The current governor of New York State is facing such a tragic scene. Most of the people's dissatisfaction with the state government is borne by him. Suddenly, the support rate of the Elephant Party in New York State plummeted.

It is conceivable that when the gubernatorial election is held again a year later, if Pete runs again, there is a very high chance that he will return to the throne of governor.

It's just that now it seems that the relationship between Alicia and Pete is still just a formal couple, and they are already far apart.

Alicia didn't seem to want to talk too much about these things, so she changed the subject and said, "Your private equity fund seems to be doing very well, William, and this subprime mortgage crisis has made you a lot of money again."

"The most important thing about investing is to follow the trend. If the direction is right, it's hard not to make money. And, aren't you one of the people who are making money?"

I have to admit that Alicia is indeed a smart woman. Her $3 million investment in Fund No. 200 is now worth more than $1000 million, but she did not mention redeeming William Chen’s shares in her law firm It seems that she has just tacitly accepted the matter, and this gesture is naturally to let Chen Weilian continue to trust her.

At this time, Alicia's arm on William Chen's side was raised, and then fell to him...

However, when she turned her head, her gaze fell on the door of the office.

"Don't worry, Alicia, no one will come in without my permission."

As soon as he finished speaking, the door of the office was opened, and Erica walked in, her eyes fell on the two people who had separated in the room instantly, she didn't seem to notice anything, facing William Chen's gaze, she said lightly:
"Mr. William, you have an appointment with Miss Ivanta at noon, and the time is almost up."

After finishing speaking, she turned around and left.

"William, I'm going to do what you ordered."

After saying this, Alicia got up, looked at William Chen with a half-smile, and said:

"It seems that your control over your subordinates is not as optimistic as you think."

……

Yes, Ivanta returned to New York after a business trip. William Chen still got the flowers he ordered from the front desk after a little relief from the embarrassment, and then took the elevator to the office floor of the Trump Group.

Entering Ivanta's office, William Chen handed her the flowers, and Ivanta took the flowers with a smile on her face, and gave her a sweet kiss.

"I heard you said you bought a new manor? William."

During the meal, Ivanta asked about what Chen William had told her before. At that time, he also took a photo and sent it to Ivanta from HOLA.

"Yes, the housekeeping company is cleaning up now, and we should be able to move in tonight. How about we go experience it together?"

Hearing Chen William's words, Ivanta gave him a reproachful look, but no matter how he looked at it, Chen William felt that it was more like teasing himself?
"How was the business trip, honey?"

"It's not very ideal. Although the crisis has not hurt our company as much as other real estate companies, the bank can still clearly feel that financing is much more difficult. Two projects under construction have been affected, and the progress is very slow now."

"Is it a big influence?"

William Chen had predicted that the Troup Group would be affected to some extent by the crisis, but now he still wanted to know more about their specific situation.

"The main reason is that the entire financial system is now illiquid, and funds are drying up, making it difficult to raise funds. My father is also very troubled by this, and he is trying to find some investors."

"Your group is ready to accept shares?"

"Yes, there is no way around it. Although high-end real estate is not like other residential buildings, there has been a large-scale supply cut-off. Correspondingly, under the influence of the crisis, many wealthy people are more cautious about real estate consumption and high-end consumption. Yes, the high-end hotel business of our group has also declined, and if this continues, it will be very dangerous for the capital chain."

Ivanta said with some distress:

"However, it seems that it is not so easy. After all, the real estate market is now bearing the brunt of the crisis. Even the capital that had a positive attitude towards investing in our group is now acting more cautiously. Those institutions that inquire about the company's valuation It doesn't satisfy my father either."

In fact, the situation of the Trump Group is worse than what Ivanta said. According to the survey results obtained by William Chen, the Troup Group is now in debt of more than 20 billion US dollars, and many of their projects are financed by the same bank. Added leverage to operate.

When the real estate market is good, this can quickly expand the company's scale, but in a crisis, especially now that the entire financial system has dried up liquidity, it is difficult to continue financing from banks.When their projects stagnate, it will cause great danger to the capital flow of the entire group, and the interest on previous loans will continue to increase.

The most frightening thing is that even if the project is completed, because the current housing prices continue to fall, people's willingness to buy houses is very low, which makes it more difficult for the group to withdraw funds. In severe cases, there may even be a danger of bankruptcy.

The situation Ivanta said also indicates that the current capital is aware of the dangers of the Trump Group, so on the one hand, it may be difficult to revitalize the cash flow of the entire group even if it invests funds; Drive down the price so they can invest in the Trump Group at the lowest valuation.

Although in the previous life, Ivanta's father always claimed that his assets exceeded tens of billions of dollars, but in fact, his assets were only around 30 billion U.S. dollars, and most of them were after persisting through the subprime mortgage crisis. After the real estate market heated up, his industry was able to recover and develop greatly.

At present, based on the shares he holds in the Troup Group, the actual assets are now about [-] billion US dollars, which can be said to have fallen by nearly one-third compared to before the subprime mortgage crisis.

"Honey, how much money do you need now to get through the current predicament?"

Now that we know that the Trump Group is destined to survive this crisis, taking advantage of the current shareholding can borrow the other party's experience in real estate on the one hand, and connect the interests of the Ivanta family with us more closely. In other words, it would be a good opportunity, and William Chen is not short of funds now.

"Why?" Hearing Chen William's words, Ivanta's eyes lit up and asked, "Are you interested in investing in our company?"

"Yes, you are my woman. If you encounter difficulties, I will definitely help you, dear." William Chen held Ivanta's hand on the table and said softly: "In addition, you forgot Did I say that I will support your idea to develop the Huaguo market, then after the Trump Group has a certain right to speak, I can persuade the board of directors to let you take charge of the Huaguo market."

(End of this chapter)