Rebirth of the Capital Legend

The two conditions proposed by Su Yi, namely, an all-cash acquisition and not changing the internal business structure and personnel structure of FXCM International, were a strong grip on the shareholders.

Because FXCM International is in urgent need of paying off debts owed to various traders and replenishing the company's cash flow.

So there is an urgent need for cash.

If Huayi Capital, headed by Su Yi, can make the acquisition in the form of a cash acquisition, it will be able to quickly replenish the cash flow of FXCM International and enable the company to quickly overcome the difficulties.

Without changing the company's business structure and personnel structure.

This means that after shareholders hand over their shares, they can still continue to hold positions in the company and exercise corresponding powers.

"We naturally believe what Mr. Su said." After thinking for a while, Stuart continued with a smile, "We have no objection to the two conditions proposed by Su Yi, but regarding the details of the other acquisitions, I think... we still need to discuss and negotiate further."

"Everyone, please feel free to speak your mind." Su Yi said with a smile.

Stuart saw that Su Yi was a straightforward person. After thinking for a moment, he couldn't help but express his true thoughts: "Since we have agreed to negotiate with you, President Su, then we will definitely welcome your 'Hua Yi Capital' to take over our 'FXCM International'.

This company was built through more than 20 years of hard work by all of us.

Everyone has some feelings for the company.

We hope to welcome Mr. Su's Huayi Capital to invest in us, but we will not lend out all the equity we hold."

When Su Yi heard what Stuart said, his eyes changed obviously, and he said bluntly: "Mr. Stuart, before the meeting started, I remember I said in advance that if we can't control 'FXCM International', if you are unwilling to hand over the controlling rights of 'FXCM International', then all the investment premises will not be established. We will not buy a company that we can't decide.

Moreover, I hope Mr. Stewart understands that we, Huayi Capital, are not a charity.”

If he cannot take control of FXCM International and make it an important part of Huayi Capital's overseas expansion, he will not invest a single cent in this company that is already on the verge of bankruptcy, because without control, investing any more money will be meaningless.

"I think Mr. Su has misunderstood." Stuart said, "I said that we shareholders do not object to Su's Huayi Capital taking over the group. It's just that we hope to be able to work together with Su in the future. We hope to retain part of the shares and continue to grow with the company."

Stuart knew that if he dragged on any longer.

As FXCM International's operating conditions and cash flow further deteriorated, its capital chain was completely broken and debt pressure broke out.

So, the fair value of the group's assets is declining rapidly.

It is highly likely that the Group will soon become insolvent.

By then, the shares they hold will most likely become worthless.

At that time, it would be very difficult for them to sell their shares and introduce new controlling shareholders to save the group.

Therefore, when the 'Huayi Capital' team headed by Su Yi came from afar and expressed great investment interest in their 'FXCM International'.

He would never refuse easily.

However, he wanted to leave a way out for himself and the original shareholders of FXCM International.

At the same time, he also saw Su Yi's future development potential and did not want to sell all his shares at a low price when the group was in trouble.

Of course, all shareholders had discussed this matter before today's meeting.

After listening to Stuart's words, Su Yi looked around the conference room at the expressions of all the shareholders of FXCM International. He knew that it would not be easy to get everyone to give up their shares and strive for a full acquisition and 100% control. After thinking for a while, he said, "Since all shareholders do not want to sell all their shares, the acquisition procedures and conditions that need to be negotiated later will probably be more complicated. At the same time, I also represent Huayi Capital to state that if the acquisition procedure we initiate cannot obtain more than 75% of the equity, then we will completely give up this round of acquisition."

After weighing the pros and cons for a long time, Su Yi felt that it was okay to give up 100% of the controlling stake.

But the bottom line must be to obtain absolute controlling rights.

In this way, in the future, in important development decisions of the FXCM International Group, it will not be restricted by the board of directors and the shareholders' meeting, and will have an absolute veto power.

Moreover, it gave up 100% of the controlling stake and only acquired 75% of the shares.

It will also help them save cash expenditure and retain enough cash to quickly resolve the internal capital chain crisis of FXCM International after the acquisition is completed.

"This...I'm afraid we need to discuss it." Stuart responded.

Su Yi nodded slightly and replied: "Okay, let's adjourn for now. How about we talk again in an hour?"

Stuart nodded, and then, with the mutual consent of both parties, he chose to take a break for an hour and privately convened other group shareholders to discuss the matter.

"If Huayi Capital takes absolute control, then in the future... we will have no say in the group." Noel, an important shareholder of FXCM International and a member of the group's board of directors, said, "I think we cannot agree to this condition."

"No?" Patrick, who was also an important shareholder of the group, laughed and said, "Everyone has heard clearly what Mr. Su from Huayi Capital said just now. If their organization cannot complete the acquisition of 75% of the absolute controlling stake, then all conditions will be off the table."

"Isaac, did you contact the other potential acquisition agencies last night?" Stuart turned his gaze to Isaac. "After you informed them of Huayi Capital's movements, what did they say?"

Isaac responded: "Except for FXCM, several other Wall Street capital institutions have not given a clear response."

"What does our old rival, 'Forex Capital', say?" Stuart continued to ask.

Isaac responded: "They said they could raise the purchase price to $17.5 billion, but it had to be in the form of a private placement of shares, so that we could merge FXCM International with Forex Capital. As for solving the problem of our internal capital chain, they said they were willing to support us in the form of a short-term loan of $3 million."

"Haha, a targeted increase in shares." Stuart chuckled and said sarcastically, "What's the difference between this and getting something for nothing? They sound very sincere, but in reality they have no sincerity at all. If the merger really happens, my company will probably die even faster, right?"

"It looks like we have no choice." Patrick sighed.

"Yes!" Stuart smiled helplessly and said, "How about this, Noel, Patrick, we each keep 5% of the shares, and sell the rest to Huayi Capital?"

"It seems that this is the only way," said Patrick.

"That depends on how much Mr. Su can really offer, and how to solve our company's internal difficulties after the acquisition is completed." Noel said, and then turned his eyes to Stuart and continued, "Chairman, I think we should continue to contact several other potential acquirers to give it a try. At the same time, we can continue to recruit new investors to increase our bargaining chips. Only in this way can we get an ideal selling price from Huayi Capital."