Chapter 1870: Lowering the Price

Feng Yu is actually very optimistic about this British Western Commercial Bank, so to speak, he just told Porter that he knows the shortcomings of this bank, so this bank is not worth much.

Feng Yu just wants to lower the price, but it's not that he doesn't want to buy, but judging by Potter's expression now, it seems that he doesn't intend to continue the conversation.

"Ahem~~" Feng Yu cleared his throat and reminded Potter.

Only then did Porter come back to his senses: "Mr. Feng, I didn't intend to hide what you said. If it wasn't for those difficulties, why would our bank want to sell?"

Seeing that Feng Yu didn't get up and leave, he quickly continued to persuade Feng Yu to make the acquisition happen.

As a result of the acquisition, if he can stay as CEO, his future income will not be low. Who doesn't know that working with Feng Yu can make a lot of money.

Even if he can't stay, according to the agreement, he can get a compensation if he is dismissed, so he is suitable no matter what.

Feng Yu looked at the accountants he had brought with him, and the chief accountant stood up and said, "Mr. Porter, do you want to keep hiding the details of your company? I want to take a look at your company's operating conditions. Especially looking at the financial situation."

The company's operating situation, especially its financial situation, is a company's secret. If the two parties have initialed the agreement and finalized the framework, of course they have to show it to the other party.

But now there is no agreement, and the other party has to look at it, which makes Potter hesitate.

However, he was also worried that if he refused, Feng Yu would turn around and leave, and their bank would lose the best buyer. It was very possible that this bank would really become a purely state-owned enterprise.

"Mr. Feng, may I ask, how much debt we have, would you refuse the acquisition?" Porter tentatively asked.

Feng Yu leaned on the sofa and looked at Porter who stood up: "Debt is not my main consideration. I mainly look at how many high-quality assets your bank still has, and then measure it. If I invest enough money, I can bring How much profit do I have? Even if your bank is now in debt of 10 billion pounds, I still need to invest tens of billions of pounds to bring the bank back to life, this is not a problem for me!"

Potter's mouth grew wide, the words were too domineering.

Ten billion pounds, what a huge sum of money. Even many large companies with assets worth hundreds of billions may not be able to get the money right away. The main value of large companies is reflected in stocks. There is so much cash.

This is why many banks cannot save their banks, because it is difficult for those banks with assets under management of hundreds of billions or even trillions of pounds to come up with tens of billions of pounds all at once, not to mention that ten billion pounds is not enough at all.

Feng Yu is just saying that, if it is true that this bank has tens of billions of pounds in debt and needs tens of billions of pounds to bring it back to life, Feng Yu will not buy it.

There are so many banks on the verge of bankruptcy, and there must be ones with better assets. There is no need to hang them on a tree.

"Don't worry, Mr. Feng. Although our bank has more than 10 billion pounds in debt, we only need to invest another 10 billion pounds. No, 6 billion pounds will be able to tide the bank over. We still have many loans that have not been recovered. If not High debt and interest drag, we will never be like this!"

Feng Yu waved his hand: "Tell them about this, remember, don't hide any facts from me, otherwise I will not only not buy your bank, but you will also be in trouble, trust me."

Feng Yu's tone was very relaxed, but it put a lot of pressure on Porter.

He is just a wage earner. Although he is considered a high-end wage earner, he is still a wage earner. He would never dare to deceive the richest man in the world. On the European side, the rumor of the black hand D has never disappeared. It is rumored that behind every big family, there are some people who specialize in shady things.

And he still wants to continue working in the bank, and it would be a good thing for him if he could stay. During this period of time, the unemployment rate of those in the financial industry is extremely high. If he wants to find a satisfactory job,

It's not easy either.

Porter asked people to bring a lot of reports. Their bank itself is listed, and the reports will indeed be released to the public. However, there are still some financial means in it, which can make the report much more beautiful.

But at this time, their bank's stock has been suspended from trading on the London Stock Exchange, because it has fallen too hard, and if they do not stop trading, they may be forced to delist.

The suspension of trading is also a good thing for Feng Yu. If the trading is not stopped, if someone leaks the news that he is going to acquire the bank, then the stock of this bank will definitely rise sharply.

It is customary for the stocks of the acquired companies to soar, because many companies will make some adjustments after being acquired, and many of them are even delisted.

To delist, the shares in the hands of those who hold shares will be forced to buy back, which will allow them to make a lot of money. The original shareholders of the company will also sell more money because the stock price has soared.

If the company's stock hadn't been suspended, Feng Yu really wouldn't have come here in person.

Porter went to explain the details in the statements to the accountants himself, and he also said many of the statements that were not reflected in the statements, just to leave a good impression on Feng Yu and show that he did not hide anything.

Feng Yu was sitting on the side, drinking black tea, smoking a cigar, and reading boring magazines.

Half an hour later, the chief accountant returned to Feng Yu, bowed and said in a low voice: "Boss, the situation of this company is similar to what Mr. Ralph described. It will take time to check the details carefully. According to these situations Inferred, our investment of 10 billion US dollars will definitely turn this company into a profit next year."

Feng Yu nodded. Generally speaking, the situation seems to be okay, but he doesn't know how much the company plans to sell. If the asking price is too high, it's not worth it.

Although there are many high-quality assets bought here, there are also many burdens.

"Potter, your bank has a lot of problems. The debt is very high. It can even be said that it is insolvent, right?"

"Mr. Feng, we are not insolvent yet, we just owe more money, but we also have many loan contracts, which are all valuable assets."

"Okay, you don't need to explain this to me. Tell me, how much does your bank plan to sell?"

"Measured by market capitalization, our bank is worth over £14 billion."

Feng Yu sneered and said: "Market value? Are you talking about your stocks that have been suspended? If you don't stop trading, I'm afraid it will have fallen below 10 billion pounds by now. Don't forget, you still owe more than 10 billion pounds. As for the debt, subtract the two, how much is left?"

"Well, in the case that your bank still has some good assets, if you don't hide anything else, then I will buy this bank for 8 billion pounds, including all assets and liabilities. A bank invests a lot of money, I'm a businessman, not a philanthropist."

"Go back and discuss with the shareholders. I'll give you three days and hope to get a positive answer."

...

First set a small goal for yourself: For example, collect Biquge: mobile version URL: