Starting out as a drug dealer in 1988

Chapter 495 Layout 2

Perhaps sensing their confusion, Zhao Wenhao explained, "This money has nothing to do with the loan; it's for another purpose. Don't worry, I know what's going on. Go get a bank loan first. I still own 30% of Hengyuan Electronics. If that doesn't work out, I can use it as collateral."

"Mr. Zhao, I'm afraid this is not appropriate. You should at least tell us what you plan to do so that we can have a clear idea." Kuang Youzhi couldn't help but interrupt.

If he could understand the previous requirement to convert all funds into US dollars, he was really confused by the sudden request to borrow such a large amount of Thai currency.

Zhao Wenhao ignored Kuang Youzhi. He couldn't explain it to them now. So, he decided to keep it to himself for now.

"Go ahead, do it quickly." Zhao Wenhao instructed He Zhengsheng.

Although He Zhengsheng also felt a little strange, he still followed Zhao Wenhao's instructions.

He immediately contacted the bank to prepare for the loan.

Kuang Youzhi frowned, thinking about Zhao Wenhao's intention.

He knew that Zhao Wenhao always had a long-term vision, and perhaps there were deeper considerations behind this decision.

But he remains concerned about such a large loan, fearing it would bring unnecessary risks to the company.

Although New Century Investment Company belongs to Zhao Wenhao, Kuang Youzhi is also a professional manager and receives dividends every year.

If the company does not perform well, it will naturally affect his personal income.

Therefore, Kuang Youzhi said what he needed to say. Whether the boss listened or not was another matter.

Unfortunately, Zhao Wenhao has already made the decision, and they can only choose to believe and execute it.

After He Zhengsheng left, Zhao Wenhao saw that Kuang Youzhi was a little depressed. He hesitated for a moment before finally telling Kuang Youzhi a little bit: "Mr. Kuang, please pay more attention to the stock price of Longxing Group during this period."

"What does Mr. Zhao mean?" Kuang Youzhi was obviously stunned, as if he had thought of something, but was not sure.

Zhao Wenhao said succinctly: "I plan to short Longxing Group."

"Short selling? Does Mr. Zhao have any inside information? Or is there something wrong with Longxing Group?"

Kuang Youzhi was taken aback by the suggestion, but then he thought of the hatred between Zhao Wenhao and Zhou Xiaoyu and understood his boss's intention. He knew that the conflict between the two was irreconcilable and that this day would come sooner or later.

However, he didn't expect that they would take direct action now, and choose to attack their opponents through stock market sniping, which really surprised him.

Longxing Group is not an ordinary small company. It is a listed company with a long history and its current market value has reached more than 500 billion Hong Kong dollars.

Among them, the three Zhou family members hold a total of 32% of the shares, which means their personal wealth has reached 160 billion yuan.

From this point of view alone, Longxing Group's strength even surpasses Hengyuan Electronics.

Of course, if the assets of the New Century Investment Company controlled by Zhao Wenhao are also included, then his wealth will undoubtedly exceed that of the Zhou family.

However, the problem is that the Zhou family not only has deep roots in the real estate sector, but also has extensive investment layouts in many other industries.

In contrast, Zhao Wenhao's assets are almost on par with the Zhou family's. Now, Zhao Wenhao is determined to attack the Longxing Group, which means he needs to raise huge funds to implement this plan.

Otherwise, it is easy to end up losing more than you gain.

At this time, Kuang Youzhi couldn't help but ask Zhao Wenhao curiously whether he had some inside information, or whether there were some unknown situations within the Longxing Group.

After all, if they can adapt to the times, their actions will be more effective.

However, Zhao Wenhao was unable to reveal the true situation to Kuang Youzhi and could only explain vaguely, "I think the bubble in the Asian financial market is too big and it may cause a series of problems.

I'm just preparing in advance, just in case.

If a crisis does occur, we will take the opportunity to short sell;

Even if nothing happens, we won't suffer too much loss. So, let's wait and see for a while."

Although Kuang Youzhi had doubts about this explanation, since the boss said so, he had no choice but to believe it.

However, according to the current situation, US$13 billion may not be enough to short Longxing Group.

After all, Longxing Group is not a fool. If they notice that someone is short selling, they will definitely take corresponding measures to fight back.

At that time, it will depend on who has more funds and who is more powerful.

"Mr. Zhao, I'd like to ask if there will be further funding coming in?" Kuang Youzhi looked at Zhao Wenhao seriously, seemingly concerned about the issue. "Or, is it possible to collaborate with other institutions or individuals?"

Zhao Wenhao smiled slightly, but did not give a clear answer. He just said lightly: "You will know when the time comes. Okay, let's do this for now. Just follow my instructions."

Although Kuang Youzhi was full of doubts, he nodded and left the office.

In the following days, New Century Investment Company once again sold off the remaining properties and successfully recovered 31 billion yuan in funds.

Subsequently, He Zhengsheng exchanged all these funds into US dollars.

Meanwhile, matters on the loan front were progressing very smoothly.

With Hengyuan Electronics' shares as collateral, it was not difficult to successfully borrow 300 billion Thai baht.

Especially when Siam First Bank learned that someone wanted to lend such a large sum of money, they were ecstatic.

After all, the Thai baht has relatively weak liquidity in the financial market.

Faced with such a huge loan, especially with shares of a listed company as collateral, they naturally wanted it more than anything.

So, after just a few days, the loan was quickly approved and the funds were quickly deposited into the designated account.

Once the funds arrived, He Zhengsheng immediately converted 300 billion Thai baht into 13 billion US dollars.

Through this series of operations, Zhao Wenhao has now accumulated cash reserves of up to US$25 billion.

For this reason, Wells from Citibank, Doug from Goldman Sachs, Song Weixuan from Meifeng Group and others called to ask why Zhao Wenhao pledged his shares.

As the company's largest shareholder, he suddenly pledged all his shares, which caused panic in some parts of the market.

As a result, Hengyuan Electronics' shares fell 1.32% on the same day.

You know, the stock market is still generally on an upward trend, and the share prices of other listed companies are still climbing steadily. However, the sudden news of Hengyuan Electronics has naturally put investors on the sidelines.

Unfortunately, Zhao Wenhao couldn't tell them the truth either, so he could only make excuses. He also promised to cancel the pledged shares as soon as the funds were recovered.