Chapter 633 [Advance Japan's Financial Industry]
In September, the Iraq-Iran-Iran War broke out;
Gold brokers feared that the war might interrupt oil supply, and gold prices began to rise again, rising to $711 per ounce on September 23.
Sony President Da He Dianxiong happily came to Chiba Bank to settle the gold futures he purchased;
A group of Sony executives were still asking why the president wanted to invest in gold a few months ago, and now they are full of admiration for the president;
In just five months, Sony made nearly US$360 million in gold futures, which is almost the profit of Sony in half a year.
Contrary to Oga Nobuo's mood, a group of senior executives of Chiba Bank were now looking sad;
It turned out that the amount of the futures contract issued by Chiba Bank to Sony was US$900 million;
But in fact, Chiba Bank only bought a contract worth 300 million US dollars;
All the funds in the remaining contracts were misappropriated by Chiba Bank;
If settled at this time of gold price, Chiba Bank will generate a deficit of US$240 million.
When Chiba Bank President Yuki Takami was also worried and unable to say anything when he heard that Oga Nobuo wanted to settle gold futures;
"President Oga, the price of gold is rising at this time. If your company continues to hold it, it will make more profits!" Taga Yu could only persuade him like this.
At this time, Chiba Bank will definitely not be able to provide US$560 million including Sony and its principal!
But if Sony promotes it at this time, Chiba Bank will suffer a devastating blow;
And all the senior executives involved in this incident will definitely step down and even be imprisoned!
Oga Nobuo didn't know why Yuki Takami advised him so much, but before he came, the president had asked him to take action on Sony's gold contract immediately;
As for the president's words, Nobuo Oga has always regarded it as an imperial edict, so how could he disobey it?
What's more, Sony's senior executives also urgently need to take out the money and accept it when it is better.
"No! Your bank must close our contract position immediately; at this time, it is the period of gold soaring, and the market trading volume is infinitely amplified. I believe it can close the position in just one day!" Dahe Dianxiong said seriously.
"this....."
"What's the difficulty? If it's better or not, then our traders will operate the transaction!"
"Okay, we will help you close the position as soon as possible!"
...........
On the same day, Wu Guangyao asked about this matter again by phone;
"What's wrong with Yuki Tagata?"
"It seems a bit. When I asked to close the position, he always advised me not to close the position first. This is very abnormal in itself. I firmly closed the position, but he still hesitated. It was really strange!"
Wu Guangyao laughed and said to Daha Dianxiong: "If I was not wrong, Chiba Bank did not use Sony's funds to speculate on gold. They wanted to embezzle this funds and bet on the gold price would depreciate!"
Opposite the phone, Oga Nobuo opened his mouth wide, revealing an incredible expression!
"President, how did you know?"
Wu Guangyao did not answer Dahe Dianxiong, this was not something he needed to know;
"Don't worry about this! My wife, Eika Kusa No, and her son Wu Xianying, are interested in acquiring Chiba Bank! I ask them to contact you and hope you can assist in this acquisition; I personally would like to express my gratitude to you afterwards!"
"Hi! The president is serious, it's a trivial matter, not worth mentioning!"
............
Kusano Eika and Wu Xianying were very excited because things were finally progressing at Chiba Bank;
In fact, the amount of funds in this acquisition case is not the focus of the Wu family;
The reason why Wu Guangyao really made this countermeasure is that if he did not take the handle of the management of Qianye Bank;
Then even if the Wu family acquires a large number of shares and becomes a major shareholder, it will be difficult for them to interfere in the management core of Qianye Bank;
Unless it is privatized by Chiba Bank, that kind of cost is not only high, but also very unfavorable to subsequent operations.
"My father's plan is indeed in line with the right time, place and people; if it weren't for the surge in gold prices, or the greed of Qianye Bank, or the family office frequently issued huge loans to Qianye Bank, if there was a problem with a few steps, this strategy would not have been successful!" Wu Xianying's face was full of admiration and sighed to his mother.
Kusano Eka said with a smile: "You only know one or two of your father's skills, and how many classic business wars there are, but you are not just!"
Wu Xianying immediately became interested and asked his mother for some details;
Kusano Eka waved her hand and said, "I just heard from your other aunts, and everyone doesn't know the specific story; but everyone always thinks that your father is like a prophet, who can always predict many important events and then make profits from it!"
Wu Xianying said with a smile: "If my mother wants to say this, I also know many of my father's deeds; I know that my father's journey to the King of Ship is to get the credit letter from the Japanese Bank..."
.........
Nobuo Oga came to Chiba Bank again and brought a lot of people this time;
"President Yuya Takami, we should have taken all our gold futures contracts!"
"President Oga, I'm really sorry, no financial institution has taken over so many contracts yet!"
Oga Nobuo sneered in his heart. It seemed that the boss really made a fuss. The management of the Chiba Bank is too brave!
This kind of thing is simply unheard of!
If you don’t make a good commission, why should you bet with your customers?
Nobuo Oga would never have thought that this was an interlocking trap, with the "Guangyao Family Office" and Sony taking a two-pronged approach.
In particular, the Guangyao Family Office borrowed 1.5 billion US dollars from Chiba Bank, and the interest rate alone would be 150 million US dollars.
According to the money relationship, this 150 million US dollars of funds greatly increases the acquisition cost;
However, what the Wu family wants is the management rights of Chiba Bank and the financial industry that enters Japan;
This is a very cost-effective!
"Impossible! The current market conditions are so good, it is impossible that you can't even get over this contract! This way, President Yuya Tian, show us the certificates of futures contracts, and we, Sony Finance, have to participate in it in person!"
"this....."
"President Yuya Takami, this is something you should cooperate with! Could it be..."
When Tian Shangyu heard this, he knew that Oga Nobuo had guessed something and was immediately panicked!
"President Yuya Takami, you are so brave! It is important to know that once this matter is spread, the credibility of Chiba Bank will be greatly affected. You senior managers will not be able to escape!"
"President Oga, it's not what you think. We can deliver 560 million US dollars to your company right away!"
"President Yuya Takami, I must see the futures contract! Otherwise, you are lying!"
After some tit-for-tat confrontation, Oga Nobuo temporarily let Chiba Bank go and left.
At this time, he had confirmed that Chiba Bank could not afford the money and did not help the customer complete the contract;
Next, I plan to take the president’s wife and son to Qianye Bank tomorrow to be a mediator!
Chapter completed!