America's Road to Fame

Chapter 194 Meta Future Building
Nielsen also found news of the Bentley family. According to the investigation, the Bentley family suffered a lot from the subprime mortgage crisis. The main loss came from the investment in the American subprime mortgage bonds. , and the investment in Bank of America.

It can be said that in this subprime mortgage crisis, investors in Europe and Asia also suffered heavy losses in subprime mortgage bonds.

The main reason is that they believe too much in the recommendations of those rating agencies, and they don't know the tricks in the ratings of those subprime mortgage bonds, so they regard these 3A-rated bonds as low-risk investment products and buy them in large quantities.

The same is true of the Bentley family. Because of their good relationship with many banks in the United States, they also invested in many subprime mortgage bonds at the beginning, and sold some of these bonds to their investors in Germany. .

When the subprime mortgage crisis broke out, the value of these subprime mortgage bonds plummeted. Not only did they suffer heavy losses, but they also faced lawsuits from many investors.

On the other hand, they also have a lot of investments in American banks. After the crisis broke out, there was a shortage of liquidity in American banks, and there was a risk of a run due to the loss of bank credit. Therefore, among these investments, their The losses were also quite heavy.

Therefore, William Chen believes that even though Marianne Bentley hopes her family can invest in Kushnar Group, under the current circumstances, the Bentley family will be very cautious about investing in American Real Estate Company.

At the beginning, William Chen also thought about going to see Marianne Bentley, telling her some inside stories about Building 666 with Garrad, so as to dissuade her from helping Garrad through this crisis.

For example, Garrett once openly pursued Ivanta before, but now Ivanta has chosen himself. This is why Garrett insisted on winning Building 666, and also completed the renovation project in the current subprime mortgage crisis. The reason for blah blah and similar things.

But William Chen gave up this idea after thinking about it. After all, Marianne Bentley might not be such a stupid woman, and she couldn't see the reason for it. Others can see that he cares about the building.

And if Marianne Bentley was really that stupid, even if he could persuade her, Garrad could easily change her view and achieve his goal.

So since this is the case, he might as well just wait and see what happens, and see how Garrad chooses in the end.At this time, it is better to have one thing more than one thing less, and try not to let others see my true thoughts.

……

On January 1, it was reported that Citigroup, which was in crisis, had asked Huaguo Huatou Fund for help, hoping to get financing assistance from the other party, but rejected the request after the senior management assessed the risk of the subprime mortgage crisis.

Previously, Citigroup had three large-scale financings during the subprime mortgage crisis. In December last year, the Abu Dhabi Investment Authority of the United Arab Emirates invested US$12 billion to purchase a 75% stake in Citigroup.

Later, in early January, Singaporean Government Investment Corporation (GIC), Kuwait Investment Authority, Al Walid, a wealthy businessman from the Middle East, and several American investment institutions injected a total of US$145 billion into Citigroup.

In this financing, the largest investment came from Li Jiapo's sovereign fund, GIC injected USD 68.8 billion into Citigroup by subscribing for convertible preferred shares.After this capital injection, if the preferred stock is converted into common stock, GIC's stake in Citigroup will increase to 4%.

After that, the American government also injected $250 billion into Citibank, also in the form of preferred shares, to inject liquidity into it.

But now it seems that the situation of Citibank is still not good.Now the market value of Citibank has dropped from the previous highest of nearly 3000 billion US dollars to more than 200 billion US dollars, and the stock price has fallen by more than 90%.

At the same time, the situation of Merrill Lynch, another big investment bank, is not optimistic. They also received two rounds of financing before.

In December last year, Li Jiapo Temasek Holdings invested US$12 billion in Merrill Lynch.

In early January of this year, South Korea Investment Corporation, Kuwait Investment Authority and Japan's Mizuho Bank injected another US$66 billion into Merrill Lynch.

However, it seems that the investment of these investment bureaus has also suffered heavy losses. The stock of Bank of Merrill Lynch also fell by more than 85% after the crisis occurred again.

Under the current panic situation, on January 1, the Kushnar Group finally replied to William Chen, accepting William Chen's proposal to acquire all the shares in Building 5 they held, and was ready to start negotiations on the details.

In this regard, William Chen sent Nielsen together with Goldman Sachs to start negotiations on the acquisition of the shares of Kushnar Group's Building 666 Asset Management Company.

Of course, for the company's valuation of 25 billion US dollars, William Chen will not make any concessions. I believe that no one will be able to offer a higher price at this time.

The focus of the negotiations between the two parties was only on some details of the acquisition, including the handover of the follow-up renovation project and the arrival time of the acquisition funds.

After all, throwing together a thought, I suddenly feel that the world is wide.

As long as Garrett changes his mentality and can accept the sale of the shares in Building 666 at this time, then from this point of view, it is the best choice for the Kushnar Group, and the funds obtained from this acquisition can be used to save the entire Kushnar Group .

Just like recovering losses, although according to the valuation of William Chen's $25 billion Building 666 Asset Management Company, the Kushnar Group will eventually lose $3 million compared to the previous investment.

But if the building renovation project can go ahead, William Chan can spend the last billion dollars to complete the building renovation on his own.

Then, in addition to the money that the related construction companies of the Kushnar Group can earn in this renovation project, they can basically make up for these losses, and in the process of the current subprime mortgage crisis, these construction companies can have projects to do, at least Ensure that their employees will not be laid off.

It is important to know that in the renovation project of the entire building, the construction company of the affiliated party of the Kushnar Group won about one-third of the project, so the renovation funds for the entire No. 666 building will flow into these companies at least one billion US dollars, and the profits Still very good.Therefore, it is believed that retaining these construction parties will also be one of the important demands of the Kushnar Group in this negotiation.

William Chen signed the acquisition agreement until the results of the negotiations came out.

Meta Investment Company will acquire a 25% stake in Building 666 held by the Kushnar Group at a valuation of US$60 billion, and this part needs to contribute US$15 billion.

After the completion of the acquisition, the $5 billion interest-free loan lent by Kushnar Group to Building 666 Asset Management Company needs to be returned within 10 working days.

In the end, after the completion of the handover of No. 666 Building and the renovation project, Meta Investment Company shall not terminate the construction contract with the construction parties related to Kushnar Group without major negligence.

At this point, William Chen finally completed the task of taking back Building No. 666.In this process, he needs to pay a total of 25 billion U.S. dollars to the Kushnar Group, and another 10 billion U.S. dollars to complete the renovation project of the building.

It's just that the 10 billion US dollars does not need to be taken out immediately, it is the final payment after the renovation project is completed.

Although Chen William only has 5000 million US dollars left in his investment company account, the rest of the funds are still in short-selling against the subprime mortgage crisis.Goldman Sachs, however, was more than happy to lend him $25 billion to complete the deal, using some of his holdings as collateral.

This is why Goldman Sachs will actively participate in the negotiations to acquire the stake in Building 666 held by the Kushnar Group.

After completing the signing of this agreement, Uncle Tom, as the new No. 666 building... er, will be called the CEO of Meta Future Building Asset Management Company in the future, will continue to complete the handover with the Kushnar Group.

Uncle Tom participated in the negotiation of the shares held by the Kushnar Group. Now that the acquisition has been completed, Building 666 completely belongs to William Chen again, and will also fulfill the wish of William Chen's parents during his lifetime to carry out the renovation project.

At this moment, he finally felt relieved, and he couldn't hide his excitement. Most importantly, William Chen fulfilled his original promise. This building, under the new name of Meta Future Building, will stand erect in the United States in the near future. and even the economic center of the world.

"Caitlin, I hope you can see this scene."

Looking at the building under construction in the distance, Tom murmured.

(End of this chapter)