legendary trader

Chapter 860 861 Choices
"Zhang Quan, listen. From now on, I will try my best to collect the details of Enron's assets. I want a complete list of assets, and which companies are interested in their assets. After collecting information, send it to me in time. "

After Zhang Quan picked up the phone, Chen Fan started talking like a cannonball without waiting for the other end to speak.

"Mr. Chen, I. Yes, I understand. I will get all the things you want as soon as possible."

Zhang Quan opened his mouth and shut his mouth when he heard Chen Fan's voice. He continued after hearing Chen Fan's request.

"In addition, didn't you ask you to check the Southern Investment Group before, and now you are asked to check Anran's assets. Is there enough manpower? You can use all your strength. When Mr. Xu asked, he said that I wanted it. It’s similar to those in the south, try to give me an assessment report.”

After hearing Zhang Quan's promise, Chen Fan continued. He is a little worried that Zhang Quanneng doesn't have enough resources. After all, both Southern Investment Group and Enron Company are large groups with huge assets.

Enron's book assets are nearly 5 billion yuan, and Southern Investment Group's book assets are also more than 9 billion yuan, which is about 2 billion yuan in size. You need to check the asset list and evaluate these assets. Just think about it, not only It is a matter of intelligence collection, and a large number of manpower is required to participate, and the investment of resources will not be small.

"I will also mobilize the people of Tianqin, and they should be able to use it."

Zhang Quan is not very sure. Now he is mainly focusing on the Southern Investment Group. He only knows the approximate total of Enron's assets. The use of human resources will not be less.

"In this way, you know Chaofan old Liu. If you don't have enough manpower to find him, the manpower from Chaofan Investment will also be dispatched for you. Now that you are in contact with Enron, you should focus on those from the past in China, do you understand?"

At the end of the call, Chen Fan suddenly said.

He is actually not interested in who is interested in Enron assets. Although he has thought about buying some assets in the United States, he has changed his mind later, but since he has refocused on this company this time, he might as well take a look to see if there are any suitable assets. .

At the beginning, he didn't participate in the rescue of Enron because he was worried about the hidden bombs behind him. Now if it goes bankrupt and reorganized, these resistances will disappear. If there are suitable assets, Chen Fan thinks that he can buy them easily and use them as an industrial layout.

This time Zhang Quan was asked to prepare the list and make an assessment for this purpose. Of course, at first he just wanted to check if someone from the Southern Investment Group wanted to participate in the reorganization of Enron.

After hanging up the phone, Zhang Quan started to move, constantly contacting people from all sides to prepare what Chen Fan needed. He had already learned from Xu Jing earlier that Chen Fan's requirements were the highest when it comes to work. , even in front of her.

This is what Xu Jing said in her own big office. It is only because Chen Fan still has his own stall, so he has not officially settled in Oak Capital, but the right must be the biggest in the company at present.

After the arrangement here, Chen Fan continued to read the news on the website. The report on Southern Investment Group was after Enron, but judging from the number of comments under the news, it was far from Enron's report. Obviously At this moment, the attention of most netizens was diverted, and the assist that Chen Fan wanted seemed to be a bit of a failure.

But what he didn't know was that the online assist he planned had indeed failed, but that was only the impact on netizens. In the eyes of the leaders of the major banks in Huaguo, the news of Enron's application for bankruptcy and reorganization was indeed earth-shattering. Yes, it would be unthinkable for such a large company to go bankrupt if it were placed in China.

You must know that in China, the government will not allow companies with such huge assets to file for bankruptcy from the perspective of maintaining economic and social stability. Even if there is really no cure, they will only quietly take over the restructuring work in private. It will never be like this.

This is also the reason why major domestic banks have previously known that the few super large groups in the country are high-quality customers. Everyone is scrambling to provide loans to them. When facing big customers, they often don't get the status they deserve.

Yes, because of their huge loans, these customers know that the banks are afraid of their troubles, so they often do not try to please the lenders, but rather boss them around and don't take their employees seriously.

Of course, if the bank executives go over, they will still have some face, but if the people under them go over, they may not have such a good face.

The employees below lost face, and as the people above, they naturally felt that they couldn't hold up their face, but they went there in person, and they had another face, which really made it difficult for them to attack in person.

Now the Enron incident has been completely uncovered. Although most bank bosses don't know why those American colleagues allowed Enron to go bankrupt, their confidence in the super giant company has been shaken.

Most of them pay attention to the domestic news and the work in their own industry. In fact, they don't specifically read the news related to Enron. However, Chaofan Network repeatedly reported the news about Enron and Southern Investment Group, which made these people inadvertently see , naturally pay more attention to the follow-up, which is of course different from the focus of netizens, they are more concerned about the impact.

In fact, even though the media in the United States were already excited before Enron filed for bankruptcy, after Enron officially filed for bankruptcy, these media unexpectedly discovered that the climax they thought was just an appetizer.

The U.S. Securities and Exchange Commission has begun to gradually release some review documents, and attached comments on these documents. In the end, after a joint meeting, the relevant departments gave a solid hammer on Enron's cost, and also gave their own opinions.

In their view, Enron's fraud, Arthur Andersen, and Enron's board of supervisors were at fault, and they failed to discover the problems of the company's management in a timely manner.

At the same time, the market itself has its own problems. Not only securities analysts, but also rating agencies and investors themselves have serious faults.

After repeatedly emphasizing these points, it is not painful to admit that the government still has weak supervision measures, but these are minor problems, and it will be better to strengthen them in the future.

However, such reports obviously did not satisfy the market. As the media dug deeper, gradually, the unclear relationship between Enron and Peanutton gradually surfaced.

After entering the bankruptcy procedure, the bankruptcy judge has entrusted special personnel to review Enron's accounting data in recent years. During the review, the amount and whereabouts of Enron's political donations became clear.

However, the media does not pay attention to how much the money is, because no matter how much it is, they will not come back. They pay more attention to who gave the campaign funds?
At this time, the domestic bank bosses frowned when they saw what the American media disclosed. The fees were all listed by the media.

Thinking about what I have mastered, although most of those big groups have been able to develop to the present, not only is there a strong background behind them, but also has formed a stable and profitable business, but after all, it is only a part, or most, or Some large groups have already fallen into trouble, which seems to be very similar to Enron's situation.

In fact, they also have a headache for such large debtors. They dare not press for debts. If they are forced, they will go bankrupt. But if they don’t press for debts, they don’t know how long they can last.

Therefore, after thinking about it, these bigwigs still feel that reducing the number of customers with such large loans is the most important thing.

The loss of a few companies with loans of tens of millions or hundreds of millions seems to be a drizzle, but once a company with loans of billions of dollars is lost, it is estimated that the domestic media will follow and report Enron's bankruptcy, chasing after it.

There are naturally rules behind the emergence of these customers. Perhaps I have forgotten that I have been to that company and received hospitality from the other party. These things are still recorded in their account books. The most important thing right now is to first Let's talk about eliminating a big customer.

The attitude towards Southern Investment Group, under the influence of Chen Fan's assist report, gradually made these bank bosses firm up.

In their view, the Southern Investment Group's money can still be recovered, as long as their attitude is firm enough, after all, behind the southern is Xiangjiang Industrial, which is not short of money.

At this time, Mr. Mu's representative had already arrived in the United States, met with the current management of Enron, and proposed Southern Investment Group's intention to participate in the asset restructuring of Enron.

Through this meeting, Mr. Mu has already known the consideration of Enron's reorganization.

In addition to continuing to realize assets, part of the company's core assets can be transferred and sold at a high premium, while power and natural gas assets will be reorganized into three or more new companies by region, and all remaining assets will be auctioned for realization.

Such a reorganization plan naturally made Mr. Mu overjoyed. Although he could not completely swallow most of the assets left by Enron, the acquisition of the reorganized company would not only have a cleaner book, but also require less funds.

As for market share, these can be developed slowly. First take root in the US electricity market, and then gradually build up. Now he is already worried about the bank.

As for those unfinished or suspended projects, he is not interested in participating.

Most of these projects waiting to be auctioned are one of Enron's constant manipulation and fraud tools. Enron's previous business was to select suitable investment projects around the world, of course, they mainly concentrated in the power and water industries. They invested in new local power plants Or the water plant, after it is completed, it will be sold at a high price.

This method is used for stable and profitable projects such as public utilities. As long as the selected area is good, it can still be profitable. After all, there are huge "consulting fees" that will be hidden in the project investment.

However, as Enron's reputation grew, the hands and feet of the people below began to be dirty, and a vicious circle formed later, and the investment in the project continued to be flooded, and it was not easy to realize such assets naturally.

However, this is not a problem for the bold executives of Enron. The hidden affiliates in their hands will come into play. They will take over these projects at a high price, and the profits will naturally flow into the company's account.

Stimulated by the crazy profits, the company's stock price began to rise, and these executives who are familiar with the details of the company only need to keep finding reasons, report to the US Securities and Exchange Commission, and continue to sell their stocks at high levels.

Well, of course they won’t let them take all the good things. Now the media is already speculating about their selling behavior. From December last year to February this year, when Enron’s stock price was still at a high level, to May and July And in November, their selling behavior has not stopped.

According to the summary of the media, the chairman Kenneth continued to sell during this period, and the former president Jeffrey sold the most from June to July. Although this selling price is not the highest price, it is precisely because he is about to resign. Before, the coincidence of time naturally caused the media to criticize it.

Even if the location of the project really has great development prospects in such a mess left over, it will not be able to arouse the slightest interest in Mr. Mu. What he wants is to invest in the United States.

In the current United States, thanks to the relatively loose supervision, the degree of freedom of reporting is indeed very high. The media has discovered that there seem to be more things that can be reported now, and many of the involvements are large enough to attract attention.

And within two days of Chen Fan calling Zhang Quan, he received Zhang Quan's first briefing, but it was not an analysis report on Enron's assets, only a list of Enron's assets and a list of listed companies. These are potential buyers who have already had contact with Enron.

From Merrill Lynch to UBS, and then to Southern Investment Group.

After Chen Fan saw that the representatives of the Southern Investment Group really contacted Enron, Chen Fan already figured it out. Faced with the collective forced loan behavior of the big domestic banks, the reason why the Southern Investment Group still insisted on not retreating was that they needed a large reserve A sum of cash is convenient for buying assets in the United States at any time.

It's time to think of it with myself.

Chen Fan couldn't help laughing in his heart, Chen Fan also had the same idea, but unlike the dilemma of Southern Investment Group, he had cash and no debt.

In Zhang Quan’s information, there is already information about Anron’s current management team’s plan for the company’s future restructuring. Currently, in addition to a number of projects that have already started negotiations with potential buyers, the power companies among the remaining huge assets will be organized according to geographical distribution. 3 power companies, but the smallest value is 37 billion yuan.

Chen Fan blinked, it seemed that he would still be a little supportive if he ate alone.

Moreover, there are actually many problems facing Chen Fan now, the most important one is whether to attack the Southern Investment Group.

If they attack, Southern Investment Group will no longer have the opportunity to invest heavily in assets in the United States, then their domestic environment will naturally be greatly improved, and the bank's forced loan seems to be relieved.

Chen Fan was a little undecided, but he had plenty of time to think about it slowly.

Enron's reorganization will not happen overnight, and the negotiations between the Southern Investment Group and the bank will not be fruitful in a short time.

(End of this chapter)