Chapter Eight Hundred and Seventy Seventh Sudden Change

The words from George Berkeley really aroused the attention of Duke Carter Howard, and immediately launched all the forces of the Howard family to investigate the matter.

In this investigation, it was easy to find Curtis Bard, senior manager of the metal trading department of the futures investment department of Barings Bank, and George Monroe, the manager of the risk assessment department.

After some deliberation, Duke Carter Howard focused on Curtis Bard, the initiator.

Time passed slowly.

The liquidation of Philip Brothers in the United States has come a long way, just as Duke Carter Howard's investigation is in full swing.

Generally speaking, the bankruptcy liquidation process of listed companies is cumbersome and time-consuming.

But there are exceptions to everything.

For example, Philip Brothers, which is now deeply in the center of public opinion.

Just in time for the final stage of the election!

During Jimmy Carter's administration, the policies and stability of the financial market were constantly criticized. Even though he later suppressed gold futures strongly and saved a little face for himself, he was still constantly criticized.

In the face of similar problems in the futures market, Jimmy Carter wants to solve it as soon as possible and prove himself with practical actions. It is not that the media say that he is not decisive enough.

Therefore, under the transmission of layers of pressure, the liquidation working group continued to increase its manpower, and the work progressed quite quickly.

Even the management of Philip Brothers was very cooperative.

Without him, who made the prices of advanced copper futures and aluminum futures continue to rise?

The account of Philip Brothers has been locked, and in the face of the continuous upward trend, the longer it drags on, the greater the loss of Philip Brothers.

The board of directors has given up hope, and only looks forward to completing the liquidation as soon as possible, so as to deal with it in a targeted manner.

The data of the liquidation was continuously aggregated, and the Philip Brothers Company was gradually unveiled.

Wall Street shook when the preliminary liquidation results came out.

Philip Brothers has a controlled capital of US$6.72 billion and its own assets of US$975 million.

Loss of $1.264 billion and net worth of negative $289 million!

Philip Brothers has negative assets and is insolvent!

This result tore up the last chance of many investors, such as the Thunder's Edward Jefferson is one of them.

After the results were announced, the liquidation team announced that it would conduct another review, and the results of the review would have to wait for some time.

But almost everyone knows that this result is true. Even if it is reviewed, it will not fluctuate much. After all, if you look at the members of the liquidation team, you can see that they will never make low-level mistakes unless they are willing to smash their own signs.

...

"Mr. Philip, how are you thinking?"

Looking at Kester Philip, whose expression changed, Toby Moulton asked with a smile.

Philip Bros. took another hit after the liquidation team released the data, and if its shares had not been suspended, the share price would have been slumped.

But it doesn't matter if it is not listed. Everyone has a steel scale in their hearts. Although there is a gap, it is almost the same.

So Toby Moulton went to Kester Philip for the second time.

The last time was because of the price issue, but this time, Toby Moulton believes that Kester Philip will give up.

He is confident that a preliminary agreement will be reached today.

Sure enough, Kester Philip regained his senses, looked at Toby Moulton, took a deep breath, and nodded slowly: "Mr. Moulton, can I ask you two questions before reaching a cooperation? "

Toby Moulton raised his brows, nodded and said, "As long as I know it and it doesn't involve some confidential information, I can answer you."

Kester Philip looked at Toby Moulton with piercing eyes and asked, "What is the relationship between Galaxy Fund and Jiuding Securities? After you buy our company, what are you going to do?"

Toby Moulton pondered for a moment and said solemnly: "First of all, the first question is, Galaxy Fund and Jiuding Securities Co., Ltd. do have some connections, and they are partners with a certain relationship, but what I want to say is that you don't need to be hostile. We, because from the very beginning, Philip Brothers deliberately targeted the Galaxy Fund. You were the first to choose, but you lost in this fight. You have to complain, and you should also complain about the initiator and executor of this fight. "

"Second question, after all, our company is a newcomer to Wall Street, and its development is relatively slow, so we plan to take a gamble to see if we can save Philip Brothers. It would be a pity.”

"I don't think Mr Philip would like to see it just go away."

"I don't know if Mr. Philip is satisfied with these two answers?"

Kester Philip sighed and said with a pleading tone: "I only hope that after you take over, you can keep the name of Philip Brothers as much as possible."

Toby Moulton nodded immediately and said: "Of course, this is a sign with a huge reputation. It not only represents the honor of the Philip family, but also represents the history of the rise of the futures market. I really like this name."

Anyway, it's this time, and there is no loss in holding a few words in his mouth. As for what to do next, Kester Philip has no control at all, and Toby Moulton will of course follow his heart.

Kester Philip's face softened, he stood up, and extended his hand to Toby Moulton.

Toby Moulton immediately got up, stretched out his hand to shake his hand, and said with a smile: "Thank you, Mr. Philip for your generosity!"

Although a preliminary agreement has been reached, in order to have a real legal effect, a third party must be asked to be impartial.

After all, the assets of the Philip Brothers Company have been frozen, and the Philip Family Fund is the largest shareholder, and the transfer of equity is too sensitive.

The next day, representatives of the New York Exchange Commission were present, and before signing the agreement, they affirmed the position of the New York Exchange Commission, and stated the responsibilities and obligations that Jiuding Securities Co., Ltd.

Toby Moulton, of course, had no objection, all agreed.

Kester Philip was even more alright.

Under the spotlight, the three parties signed a tripartite agreement. Jiuding Securities Co., Ltd. invested 27.8 million US dollars to buy 41.7 million shares of Philip Brothers Company originally held by the Philip Family Fund, and assumed the corresponding legal responsibility.

In the evening, many Wall Street and New York evening newspapers used the photo of Kester Philip and Toby Moulton shaking hands as the cover, depicting the incident, and the major TV stations also reported the news.

Jiuding Securities Co., Ltd. has become famous!

Institutions and investors who had originally ignored Jiuding Securities Company have developed a strong interest in it. Of course, the major media will not miss the opportunity to mobilize their own forces to dig out all the news of Jiuding Securities Company.

Xia Yu's "New York Daily News" came out on top, introducing Jiuding Securities Co., Ltd. in a large space. From the glorious history of its rise to the present, the whole story is positive and gave a blockbuster title "Creator of Miracles". .

After many investors understand, they are considering whether to hand over the funds to Jiuding Securities Company.

These changes made Toby Moulton very happy, and he had the urge to build a private equity fund immediately.

Fortunately, he knew what was more important, restrained the turmoil in his heart, and was ready to seize the opportunity to take advantage of the victory to win the other shareholders of Philip Brothers.

Just when Toby Moulton overwhelmed Edward Jefferson of the Thunder Company and was in high spirits, the news returned by one of the company's acquisition groups made his good mood swept away.

Immediately afterwards, the news that other acquisition groups kept hitting the wall came back, and he realized that something was wrong!

PS: The cervical and lumbar vertebrae have been protruding for a while, and the nerves have been compressed. Today, it suddenly became very serious. When the left hand was moved, the pain was tingling.

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