Chapter 164: The Doomsday of the Otaku

Yang Xing’s biggest advantage as a rebirth is that he has a clear and profound understanding of this financial crisis. His graduation thesis when he graduated from university in 1998 in his previous life talked about the lessons that many familiar companies in the financial crisis were in a slump and were dismissed one after another. Although he had almost forgotten the arguments in the thesis, he always remembered those vivid examples.

After working, his experience in working in securities, real estate and other industries, as well as his hobby of reading various financial and economic books, and his influence on many well-known scholars' online books and analysis reports, he believed that in this era, there would never be many people who could understand the development direction and progress of this crisis as comprehensively and in-depth as him. Apart from him, there were probably only one or two geniuses who could seize this opportunity to make money.

When he first planned his fortune after he was reborn, he set a list of goals for his actions around this crisis. Baifuqin was just the first victim on his list. Therefore, he took huge risks to capture Li Dengyun, fought in the mall futures market, and then fought against Shanghai Treasury 327, etc., all of which were preparing for today's achievements. For this reason, he even risked losing the controlling rights of listed companies he had worked hard to raise enough funds to launch a charge in the financial market again and again. His eyes had surpassed the domestic and invested in the entire Asia.

If he stops now, just relying on his eight listed companies, he wants to retire early, and spend the rest of his life with his beautiful wife and concubines in the unknown Caribbean Sea. However, the goal he designated after his rebirth is lofty, and his ambitions are unmatched. In his eyes, this once-in-a-lifetime financial storm is a dragon gate. The Zhongxing International that leaps over him is a giant dragon, a Chinese dragon that is qualified to chase Microsoft, Sony, Samsung, and general-purpose!

His plan is to make money in the previous stage of the storm, prepare funds, and when the storm goes from the virtual economy such as the financial industry to the real economy, he will take the opportunity to take advantage of many assets, products or brands, and he is still well-known for the crisis. However, he has encountered difficulties due to the crisis for a while. If there is a little training, he can make a comeback, such as Giant Group and Baifuqin. Baifuqin, an investment bank that has underwritten the "red chip stocks" of domestic large state-owned enterprises, has a very famous name at home and abroad. He has also won the reputation of the largest investment bank in Asia except Japan. If Xingfu Investment acquires it, it will enter the top few Asian investment industry in one step. No matter how you look at it, it will be a good deal.

In order to get William Deng and Xu Weili to take a trap, Yang Xing did not hesitate to transfer the company's controlling rights to them, and even hypocritically agreed to let William Deng become the CEO of Zhongxing International. Even now, even if they see through Yang Xing's plan, they will be unable to regret it too late.

In early July, the Hong Kong government took the initiative to suppress the foreign exchange market, and the stock market and the real estate market lost support. Robertson and others were attracted by Indonesia's most plump fresh meat, which was much less powerful than in previous lives. Therefore, the stock market began to cool down in mid-July, and the hot Hong Kong stock Hang Seng Index fell step by step from around 16,000 points. The news of the Southeast Asian financial storm at this time was even more fueled and gave Hong Kong stocks a heavier blow. In addition, the previous Chinese-funded "red chip stocks" companies jointly issued early warning announcements, and the pro-government media led by Stardou Research Institute released a series of interactions with news such as vigilance against the risks of the stock market and real estate market. For a time, Hong Kong investors all had strong stock short selling**.

The stock market has always followed the crowd. Once the panic of mass selling is formed, it is difficult to recover. Even if Soros is not aware of it, it will be useless to come to Hong Kong in person. Starting from early August, the Hong Kong real estate market began to cool down under the stock market's sharp decline, which in turn prompted the Hong Kong stock market to continue to decline. It fell by more than 3,000 points in just one month, catching many foreign banks and hedge funds that built positions at high levels off guard and suffered heavy losses.

The stocks of many companies under Zhongxing International, which were just listed last year, are undoubtedly difficult to escape, because Yang Xing adopted the model of backdoor listing. Those "shell" resources themselves are dying, otherwise it would not be the turn of Zhongxing International to take advantage of it. Even if it adopted a large-scale restructuring after listing, the profits of the new company were not realized so quickly. In addition, the news that Zhongxing International mortgaged its equity in order to go public, ordinary investors were worried about this. Only institutional investors bought a part of it, and the others were all in the hands of the consortium headed by Baifuqin? At this time, the stock prices of various Zhongxing International companies fell like a dive. When Yang Xing made a request for a repurchase, according to the company's market value, it was thankful that Baifuqin could recover about half of the investment he had when he went public.

When Deng Williams and the others saw Yang Xing's attitude, they knew that they had fallen back this time. They felt so painful that they were all working hard for decades, but in the blink of an eye, they were mostly less than half! But now they are so powerful that they must swallow this glass of bitter wine. But when they heard Qingqi's offer, they were still angry that they thought they had heard it wrong. Yang Xing offered a purchase price of only 30%! It was simply a robbery, and Deng Williams almost overturned the table.

But Yang Xing did not mean to make concessions, and told them if they were not satisfied, could they talk again? Anyway, he had time. However, he clearly told William Deng and others that there is still a lot of room for decline in the Hong Kong stock market. Acquisitions in the stock market often depend on the future rate of return. If this storm continues, the conditions for negotiations in the future may not be the same price? William Deng and his team thought for a long time but suppressed their anger and returned to the negotiating table. The situation was better than people. Yang Xing said it makes sense. In the crisis, cash is king. Two birds are worse than one bird in the forest. Yang Xing is willing to pay cash to help Bai Fuqin overcome the difficulties, so they can only grit their teeth and admit defeat.

After dealing with the share repurchase of Baifuqin, Yang Xing focused on the situation in Japan, South Korea and other countries. Since June, Qingqi, Fujino Soichiro, Han Shihao, Yoon Jin and others have taken professionals familiar with the situation of South Korea, Japan and Southeast Asia to find gold. This financial storm has blown up a large number of top companies, including many with deep wealth. Those professionals, technologies, patents, etc. are all gold buried in the sand, waiting for Yang Xing, a person with a heart, to rush to find it!

As soon as September began, Soichiro Fujino in Japan brought him good news. The Japanese company, known as the Japanese retail giant, was almost out of business and would file a bankruptcy application with the Japanese court in the past few days. The news also reached the headquarters of Yaohan Hong Kong, and Hong Kong public opinion was in an uproar, unanimously lamenting that this marked the decline of Japanese department stores that dominated Hong Kong in the 1900s.

Yaohan is not unfamiliar with Chinese people. Its founder is Kazu Wada, the prototype of the once household name of the Japanese TV series "Ashin", but the one who truly built Yaohan into an international retail group was her eldest son Kazuo Wada. He spent half a century to build a rural vegetable store into an international circulation group with 400 department stores and supermarkets around the world, with a total number of employees of 28,000 people, and an annual sales volume exceeded 500 billion yen at its peak. The stocks of its many companies were listed in Japan, Singapore, Hong Kong, and Malaysia.

In 1989, in order to show his ambition to build Yakan into a global enterprise, Kazuo Wada moved the headquarters of Yakan Group to Hong Kong, and Yakan Group officially went public in Hong Kong in 1993. Then he opened the first domestic high-end department store in Pudong, Shanghai, Shanghai No. 1 Yakan Department Store. On the opening day of December 1995, the number of customers shopping and sightseeing reached 1.07 million, setting a world Guinness record, which was unparalleled.

However, there is a huge crisis hidden behind the rapid development of Yakan. Yakan is not well-founded in Japan, but it encourages the growth of the seedlings to strengthen the implementation of the global strategy. Its development abroad faces problems such as too much spending and too much investment. As a chaebol in Japan, Yakan has no powerful bank to provide financial support for its overseas expansion! In order to quickly expand its international career, taking advantage of the Japanese bubble economy, Yakan issued a large number of convertible corporate bonds in the bond market. Although this financing method has escaped the restrictions on obtaining funds from banks in the early stage, it is very easy to fall into the crisis of debt inflation after losing effective financial supervision.

In fact, the operating conditions of Yakone's company in Japan have begun to deteriorate since 1996. Yakone's Japanese company has also invested the company's profits and a large amount of funds gathered through issuing corporate bonds into overseas markets, which is similar to Yang Xing and his later raised more than $1 billion. But they obviously do not have the ability to turn stones into gold in the foreign exchange market, and the recycling of these funds in small profit department stores is not satisfactory.

During this period, Japan experienced an economic bubble, and the poor performance of Yakan caused the stock price to fall. According to Soichiro Fujino, Yakan, which raised 60 billion yen through convertible corporate bonds, had to repay 10 billion yen interest every year from December 1998 to 2001. This huge interest has made Yakan Group breathless. Once the funds cannot be raised, the company's reputation will face a crisis.

In terms of personnel management within the company, Kazuo Wada also made a big mistake. The Japanese company was managed by his fourth brother Kazuo Wada, but there had been rumors of losses. When Kazuo Wada returned to Japan to ask about his younger brother, he was concealed by his earnest apology and asked him to continue to operate. Finally, news of Yahoo Wada's false propaganda and fake accounts came out. The Japanese court arrested Kazuo Wada. Kazuo Wada had to return to Japan in advance to recover, but he was unable to make up for the situation. Yahoo Japan Company was already terminally ill and might drag the entire Yahoo Group down. Yahoo's doomsday is coming.

Yang Xing is eyeing Yakan, of course, it is not about the big and inappropriate department stores it invests in South America and second-tier cities in China. Yakan has been operating well in department stores in Hong Kong, Shanghai and other places, and also owns a batch of high-quality land in Hong Kong and China. It has formed many years of good reputations in the Chinese circle with publicity such as "Ashin" and is extremely valuable. This time, Yakan's Japanese company bankruptcy can also make Yakan get rid of a big burden. If Zhongxing International intervenes to stop the loss at this time, there is still a glimmer of hope of making a comeback. His plan is to take the opportunity to swallow all these high-quality assets at a low price when Yakan goes bankrupt.
Chapter completed!