YM778.TV Chapter 884 - Fundraising
Feng Yu started selling some unimportant shares he owned and used Microsoft, Yahoo, and other technology shares to get loans.
Although getting loans will let Feng Yu raise lesser funds, but the Asian Financial Crisis will last more than a year. During this one year, the technology share prices will continue to rise and might even be doubled.
This is the best solution for Feng Yu to get the most profits.
If Feng Yu is to sell off all his Microsoft shares, it will affect Microsoft share prices, and Feng Yu might be kicked out of the board of directors.
Although Feng Yu does not have any say in Microsoft, Lenovo Kingsoft is still developing. Lenovo Kingsoft is still far from Microsoft, and even some software companies in China dares to challenge them with specific software.
Feng Yu needs the identity of Microsoft’s Director to protect Lenovo Kingsoft and China’s software market. He does not want China’s software industry to be like what happened in his past life, where the most profitable software is produced by overseas companies.
Yahoo’s shares cannot be sold as Yahoo’s share prices will shoot up this year. It will be a loss if Feng Yu sells his shares.
This time, Feng Yu did not look for a single bank to get a loan. One bank might not lend him the amount he needed. Also, Feng Yu needs to divert attention away from him.
Among the shareholders of the banks, there might be Soros’s friends. Feng Yu does not want Soros to know how much money he has.
Hiding Feng Yu’s wealth from Soros will make him wary and increases the chances of winning.
On the first day, Feng Yu managed to raise 1 billion USD. The following few days, Feng Yu contacted the higher executives of all the banks in New York and used his shares as collateral to get loans. Over a week, Feng Yu used all his available shares as collaterals for loans and transferred all the money to his UBS account. The fund raised is ready to be transferred to any Asian financial market.
…….
“Boss, that Chinese man is raising funds now. I heard he had used all his Microsoft shares to get loans.”
Soros put down his wine glass. “That means he manages to raise about 5 billion USD?”
“I don’t think he can get so much, and it should be less than 4 billion. He had already used some of his shares to get a loan in the past. The money he got was invested in the stock market, and he also transferred a portion back to China. Maybe his companies in China needed money urgently.”
Soros nodded. 4 billion USD… This Feng Yu is bolder than he expected. Soros’s assets are around 6 billion USD. Of course, the amount he controls is more than that.
But Soros can confirm that the newspapers were not exaggerating when they estimate Feng Yu’s wealth. He is indeed a super tycoon.
Even if Feng Yu had doubled his 4 billion USD in other countries, 8 billion USD is not enough to stop their attacks.
Soros does not want this young investing expert to affect his status. Winning this genius tycoon is also something to celebrate.
“Alright. I know about this. Get ready and bring your men to Chiangmai first. Our plan will start before March.”
After Soros’s subordinate left, he finished the alcohol in his glass. Soros is a greedy man and is a control freak. All the financial institutions and tycoons he contacted must listen to his orders.
But this Feng Yu and that Russian, Kirilenko, are not the type who listen to orders. Since you all refuse to listen to me, don’t blame me if I set you all up after we cooperate!
……
“Uncle, Feng Yu starts to raise funds. Should we get ready too?” Fu Guangzheng asked.
Fu Rongqi waved his hand. “Before Hong Kong’s return to China, those international speculators will not target Hong Kong and HKD. There’s no hurry to raise funds. We can wait until after July 1st.”
“Feng Yu said Soros and his gang will start their operations before July and might start their preparations around March or April. Their first target is Thailand. If we are late, we might not get a share of the profits.” Fu Guangzheng said.
“Guangzheng, I know you want to get a share of the profits. But you must remember that the amount we are using is more than 70% of our total assets. If we fail, the Fu family will suffer a significant blow! Yes, we still have our businesses, supermarkets, land, and companies. But how much can these companies earn? Without enough financial support, our supermarkets can keep those retailers away? Our trading companies’ distribution channels can continue to grow? Our real estate firm can get so many land parcels?”
Fu Rongqi is the head of the Fu Family. Although this time, he will be providing most of the funds, his 3 other brothers, including Fu Guangzheng, had also invested their money.
Everyone in the Fu Family had made money when they followed Feng Yu to attack Japanese companies. This time, they want to follow Feng Yu to make money again. But Fu Rongqi is more cautious as this time they will be dealing with international hot money, and Soros, the most famous hedge fund manager on Wall Street, will be heading the operation himself. Fu Rongqi, who had been making investments for years, does not have 100% confidence that they will surely win.
The younger generations of the Fu family are eager to join in as even if they lose their money, they can still rely on their parents. But Fu Rongqi cannot be rash. Once this investment fails, the consequences are no longer financial losses. The Fu Family’s status in Hong Kong and Southeast Asia will be affected.
A family with several billion HKD and a family with only 1 billion HKD is not the same. Although to many people, they are all wealthy families, their influences are wide apart.
“But Uncle, we are not fighting alone. Superman Li and his family, Feng Yu, that Russian tycoon, Kirilenko, and many other Hong Kong tycoons are participating. We will not lose!”
Hong Kong is one of the places with the most tycoons, and Fu Guangzheng firmly believes that they will win for sure.
Fu Rongqi shook his head. “Do you know why those international speculators need to set up a hedge fund? Hedging will affect their returns, and they are using it to lower their risk. Even they are so cautious, how can we just rush in like this? Just follow our original plan and raise funds slowly. We just have to be ready before July.”
Fu Guangzheng still wanted to say something, but his first uncle waved him away. Although he felt unhappy about this, he knew his uncle is more experienced and talented in investing compared to him.
But what Fu Rongqi does not know is Fu Guangzheng had used all his companies’ shares as collateral for bank loans and invested everything into his Wind and Rain Consulting investment account. His uncle wants to be safe… but he wants to get the most profits!