Blackstone Code Chapter 1489: I also want to intervene
The work ability of the president is still worthy of recognition, especially when the president transferred Lynch's large loan into bad debts, he showed a very good personal ability.
Bad debt means that the bank cannot collect the money, so it is naturally a bad debt.
Because of this bad debt, the bank's asset appraisal has been reduced by several million.
How did a bank with a market capitalization of more than one billion be emptied bit by bit?
Look here to know, just move a little here, move there, and then go bankrupt after a run...
With the cooperation of the president, the investigation team's investigation into the bank's internal investigation soon came to a conclusion. Everything was a decision made by the former president who died in the attack.
He asked the president to print a portion of the currency that was not in circulation, nor was there any official document proving that it was a currency to meet Lynch's demand for loans.
He made very bad decisions and tried to hide the problems when he knew that Lemar's economy and the National Bank could not meet Lynch's loan needs.
But by this moment, all the "truth" has surfaced.
Whatever his intentions were, he did one wrong thing!
Now Lemar is suffering serious consequences for the wrong choices he made.
The investigation team handed over the results of the investigation to the delegation. At the same time, Lynch's personal letter of intent to acquire Lemar National Bank was also submitted at the same time.
After the contact between the delegation and the country, and the follow-up work with the President, the Congress of the Republic of Lemar and the President finally agreed to Lynch's request.
On the Monday of the second week of June, Lynch and the President of the Republic of Lemar signed a full purchase agreement at Lemar National Bank.
The bankrupt National Bank of Lemar will buy out 99% of the shares of National Bank of Lemar at a price of 75 million federal sols plus 50 million in bonds from the Blackstone Foundation.
The reason it is ninety-nine percent is because another one percent belongs to the government of the Republic of Lemar.
At the same time, Lynch must also assume all debts, deficits, and in accordance with the requirements in this agreement signed between the Republic of Lemar and Lynch, he must meet the withdrawal requirements of all depositors.
This involves the withdrawal of tens of billions of Ares, and Lynch also agreed to this.
A series of work such as integration, splitting debts, and debt fulfillment will be completed in about a year, and the withdrawal of depositors must be resolved within six months.
That means Lynch has to pay all depositors who want to withdraw their savings within six months, or else the acquisition will trigger some riders.
Many people are not optimistic about Lynch's operations. Although people know that Lynch wants a bank, and it is also a bank with the right to issue currency, he is too rash.
Once the cooperation between the Federation and Lemar is confirmed, the exchange rate of Ares will skyrocket, people just need to wait and wait until the exchange rate of Ares returns to the normal range, Lynch will face at least 500 million The above withdrawal request.
He couldn't come up with the money!
Don't look at the fact that Blackstone Airlines has only received orders from the federal government of two billion yuan. In fact, after these orders are completed, Blackstone Airlines' profit is only about three to four hundred million.
And then distribute the various shareholders and multiple dividends. If Lynch's own account can enter 100 million yuan, it is already a very powerful trick.
Unless he mortgages all his properties to the bank, or sells some of his properties, even if he can scrape together the money, he can crush his other properties!
To the Commonwealth, having money and being able to get it are two different things.
Like the Lemar National Bank at this time, who dares to say that it has no money?
Of course it has money, it has a lot of loan business, it also holds shares in a lot of companies, and it has a lot of construction investments that are investing but haven't seen any return.
These are its assets, and Lynch's assessment of about 900 million is not a casual assessment.
But it still closed down!
Having money and being able to get money are two different things.
You have money, it means you have value, and if you can't come up with it, it means bankruptcy is waiting for you!
If all of Lynch's liquidity is used for depositors to withdraw cash, then the cash pressure on the industry in his hands will be great, and if he is not careful, it may cause a chain reaction.
In the Commonwealth, for the financial jackals, they dare to challenge anyone, as long as they can see enough benefits and success rates, there is nothing they dare not do!
Once there's a hole in the Blackrock system, soon these jackals and sharks will swarm and tear Lynch to shreds.
Many people want to know how Lynch is going to get through this difficult time. Some people think this is his stupidest investment. Of course, many people contact him privately, hoping to facilitate a "joint acquisition".
For example...six lines.
Lynch and Joe Grimman have not seen each other for two years. Because of Lynch's good relationship with him, Joe Grimman was transferred to Nagalil by Jinhui Bank to serve as the head office in Nagalil. long post.
Nagalil is a huge vault for all industries in the Federation, where the secrets that make one rich are hidden!
With a population of 200 million, even if only 1 in 10 people save 100 yuan a year in Jinhui, that is 2 billion in savings every year!
And in fact the number is much more than that, because the market gradually cultivated is not only the savings business, but also the loan business.
In order to adapt to the special social environment of Nagalil, the bank has launched a brand-new loan business, called "Job Loan Mechanism".
Simply put, if you want a loan, you must first have a stable job, and then you can get a certain amount of loan after an evaluation based on your salary level and position in the enterprise.
If someone fails to repay the loan in a timely manner, the bank will directly demand salary from the company. If the person has left the company and is unwilling to repay, the person will be blacklisted.
At that time, the entire Nagalil society will not have the chance to survive this person, and all enterprises that have relations with the Federation will not use this person, and all enterprises that have business relations with banks will not use this person.
He will lose the basis of his life here!
Until he pays the money back.
Of course, it doesn't matter if you can't afford it. You can explain the situation directly to the bank, and the bank will arrange a job for the debtor until he pays it off completely.
Joe Grimman's work went well in Nagalil because of Lynch's support. Plus, he was too old to work hard and planned to retire in Nagalil.
In fact, Nagalil is like a paradise for federal people, with low prices and low cost of living. A person who gets a low-level pension in the federal government can directly enter the middle class in Nagalil.
A pension like Joe Grimman can get close to 1,000 yuan, so don't be too happy here!
In addition, he still has a lot of money himself, and he is also making investments at ordinary times. Except for some people in the summer, Nagalil has nothing to adapt to, and he has already planned to settle here.
I usually have nothing to do most of the time, playing ball with friends and colleagues, or swimming, exercising, participating in various parties, private parties, etc. It's just heaven!
Until... Jinhui Bank sent him a document, hoping that he could go to the Lemar Islands and meet Lynch, preferably to convince Lynch to leak a little to Jinhui Bank, and they told Lemar National Bank is very interested.
Joe Grimman has not paid as much attention to Lynch over the past two years as he used to, mainly because the two sides have had little contact and few opportunities to meet.
Sometimes the maintenance of feelings is often in the process of communication. You haven't seen someone for a long time, and you will only feel strange when you see them again.
So did Joe Grimman.
He couldn't refuse the arrangement of the head office, so he packed up and headed to Lemar. The moment he saw Lynch, he did have some unfamiliar feelings, but these feelings quickly dissipated.
The two shook hands and walked and chatted all the way. Lynch seemed to be no different from before, but the heavy bearing on his body became more and more awe-inspiring.
"...So this time you're here mainly to talk to me about joining forces?"
Lynch looked at him, Joe Grimman did not shy away, nodded and said yes, "The bank means that they are willing to take part of the money, about 30 million, and get ten percent from you. Five shares of the bank."
The total value of the acquisition is about 120 million. Jinhui took out 30 million for about a quarter, but only 15%. Literally, they are obviously very sincere.
Lynch shook his head with a smile, "Everyone is pretending to be confused, this bank is worth at least 1.2 billion, and I believe within five years, it will be worth 2 billion, or even 3 billion. ."
"The senior management of Jinhui has no sincerity at all. It is difficult to discuss this."
You must have tried to make it undervalued when you bought it, but when you get it, everyone knows what it's actually worth.
In addition, the National Bank will act as a bridge between Lemar and Federal Capital, its role will only increase, and the asset value will also increase!
Thirty million don't say 15 percent, even 1.5 percent is a problem.
Joe Grimman didn't show an ugly face because of Lynch's refusal~IndoMTL.com~ It is common for people who work in banking and finance to be scolded by the nose.
I want to get your money, so it's not a problem to be scolded by you to make you happy. What you want is psychological comfort, and I just want money——
Money in your pocket!
When Lynch was almost done, he continued, "We've noticed that you have a lot of cash pressures, and we've just been able to address those pressures."
"The above gave me some permissions, and I will give you a thorough understanding."
"Twenty-five million, ten percent stake!"
"Before I came, they told me that this was the bottom line, and I think the price...is actually very sincere!"
This price is equivalent to doubling the market value of Lynch's acquisition of National Bank and resale.
But apparently, they still underestimated Lynch's abilities.
The thing is money... he can have as much as he wants!