Chapter 429 Greedy William

"This is definitely a big game against polar bears!" Yang Cheng thought so. &1t;/p>

After confirming with William the idea of ​​continuing the in-depth investigation, Yang Cheng still didn't get out of the car, and carefully read the information from William with his mobile phone. &1t;/p>

With William's position, it is easy to obtain some unimportant information from the intelligence department, and this information is not available in the market. &1t;/p>

That's why Yang Cheng took it very seriously. Since she decided to step in to make a fortune, she naturally had to know herself and her enemy with Glencore. &1t;/p>

Glencore originally started as a trading company. Since the 1990s, Glencore began to provide direct financing or other supply chain financial services in exchange for stable product underwriting rights and advantageous prices of mining production companies, and then used Glencore With the leading edge in logistics and warehousing, with the help of commodity futures and derivatives tools, we can use time and space or information advantages to arbitrage profits. &1t;/p>

With the commodity bull market since 2000, Glencore has gradually completed the transformation from an asset-light model of pure bulk trade to an asset-heavy model of upstream mineral resources through continuous acquisitions of metal minerals, oil fields, coal mines and other assets. &1t;/p>

In 2008, when the global financial crisis intensified, Katanga Mining, which was listed in Toronto, lost 90% of its market value in just half a year, and urgently needed cash for emergency relief. &1t;/p>

Glencore dropped from the sky at this time and gave Katanga Mining a life-saving money that could not be refused. At the same time, it obtained the control of the latter under simple and rough conditions. &1t;/p>

In 2013, Glencore completed the acquisition of the British mining manufacturer Daxa, a US$61.9 billion acquisition, rewriting the global mining landscape. Through this acquisition, Glencore became the fourth largest mining production group in the world. &1t;/p>

Prior to this, the "titles" hanging over Glencore were: the world's largest thermal coal trading company, the world's largest ferrochrome producer, the largest zinc producer, the third largest copper mine and the fourth largest nickel mine Business and other series. &1t;/p>

Glencore’s influence in the commodity market is mainly concentrated in basic metals such as cobalt, nickel, zinc, aluminum, and copper, followed by energy. It has a large number of important warehouses around the world. Just controlling inventory is enough to have a huge impact on the market. &1t;/p>

However, this company headquartered in Switzerland has chosen to keep a low profile all year round, so that many people don't know that it is one of the top 500 in the world, and even ranks higher than Z's commercial bank, Mercedes-Benz, Total, Ford, Honda and other companies , Even last year, it was still above Apple and Samsung. &1t;/p>

It was not until the listing in 2011 that the outside world could get a glimpse of Glencore. &1t;/p>

In 2011, Glencore was listed in Hong Kong and London, and the final fundraising amount reached US$10 billion. &1t;/p>

However, Glencore's brilliance began to freeze at the moment of its listing, and the commodity trading market began to decline at the end of 2011. At that time, it was the craziest moment for Glencore's mergers and acquisitions. &1t;/p>

From 2005 to 2013, Glencore was no longer just a commodity trader, but a comprehensive mining enterprise integrating mining, smelting, production and trade through crazy increase in leverage and rapid expansion through mergers and acquisitions. The business segments are metals and minerals, energy products, and agricultural products. &1t;/p>

However, because of this, Glencore’s debts have continued to rise. In the past two years, Glencore has stopped the bleeding by selling assets and reducing billions of dollars in debt, and even shut down some mining operations.

It was to reduce the high debt of 3 billion US dollars, but now it seems that the effect is not good. This time everyone gathered in London, I am afraid that it is the fatal blow of Glasenberg, who is nearly 60 years old. This is his last Give it a go. &1t;/p>

With success, Glencore continues to dominate the global energy market in a low-key manner. &1t;/p>

Otherwise, it will follow in the footsteps of Lehman and disappear into the rolling river of time. &1t;/p>

Glasenberg, Ma Shimin, Qatar Investment Authority, Changjiang Industrial, Lloyds Bank, Blackstone Group, these destructive figures gathered together, and a mysterious person Zheng Jiaxuan was around, Yang Cheng suddenly felt a little heartbroken. Tired, it's all because of his damn greed, it's not good to mess up, it has to be messed up in the chaotic energy market that can't be messed up anymore. &1t;/p>

In fact, apart from wanting to make some money, Yang Cheng is more concerned about Yuanshan. After all, the acquisition of the airline and the cooperation with the oil company formed by Abu and the others have already allowed him to get involved in the energy field. Will the market stand firm, will it be beneficial to the future of Yuanshan? &1t;/p>

There is no way, as the heir of Yuanshan Capital, these are all things he has to consider, &1t;/p>

Forget it, let's put aside the troubles for now, it may be a good choice to date a beautiful woman to change your mood. &1t;/p>

But what about people? &1t;/p>

Yang Cheng put down her phone and looked through the car window in the direction where Xu Lingyue was before. There was no one there, what the hell? &1t;/p>

He quickly took out his cell phone and called the bodyguard. &1t;/p>

"Where did the person go? The kung fu disappeared after a while?" &1t;/p>

"Eh~boss, that lady stayed by the river for a while, then walked into the alley next to her. The destination is still unclear." The bodyguard replied truthfully. &1t;/p>

"Oh, then, let me know after she stops." &1t;/p>

Just after hanging up the phone, the bell rang again. Yang Cheng was speechless. Can't you let him stop for a while? &1t;/p>

It's William's call again, is there something wrong? Quickly pick up the sound. &1t;/p>

"Jason, Zheng Jiaxuan just called me and asked me about Glencore shares. I excused that it was not convenient to answer the phone right now, so I put it off for a while, but how should I reply to him? His tone sounded very impatient." &1t;/p>

Yang Cheng stayed in the car feeling bored, so he simply got out of the car, got some fresh air, and took the opportunity to think about how to deal with it, "William, do you think we still need to cooperate with him? It seems that Glencore's expectations The benefits are even greater! In addition, I have been unable to figure out the context of this person, and I feel very uneasy." &1t;/p>

After a pause, he added, "Also, Alex Beard's attitude is very firm. He will never sell stocks at this time."&1t;/p>

William hesitated for a moment, and tentatively said, "You mean we don't care about Zheng Jiaxuan's affairs? Concentrate on studying the affairs of Glencore and several major consortiums?"&1t;/p>

"That's right, but the risk of this matter is far greater than pitting Zheng Jiaxuan. You have to think clearly. If you want to continue, then you have to find a way to persuade Alex Beard. This is the whole thing. The core of the matter, otherwise we will not be able to produce what Zheng Jiaxuan wants, and everything will be in vain!"&1t;/p>

"Can't you have both?"&1t;/p>

Yang Cheng's surprise was beyond words before, "Are you crazy? William, I have to say, I have a new understanding of your greed!"&1t;/p>

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