legendary trader

Chapter 861 Chapter 862 Bankruptcy Button
Chen Fan couldn't make up his mind, so he checked the time. It was afternoon, and it was already morning at Ou Lu's side. Thinking that Liu Ying might have woken up, he simply dialed the phone.

In the past, Chen Fan usually talked on the phone with his family after dinner, but today he had something on his mind, so he didn't hold back, and he didn't know whether Liu Ying was in the company or where.

However, after the phone call was made, Chen Fan suddenly realized that it seemed really difficult to consult Liu Ying's opinion.

It's very simple, he had a grudge with the Mu family because of a woman, if he really threw the problem to Liu Ying, in case
But the call has already been made, and it's too late to hang up, so why don't you just hang up?
Chen Fan decisively put aside the main conflict, and settled on the latter.

After the bell rang three times, Liu Ying answered the phone.

"Husband, why are you calling me at this time today?"

Liu Ying's slightly lazy voice came from the phone, making Chen Fan smile unconsciously.

However, Chen Fan didn't get straight to the point at the beginning, but pretended to be casual and said: "I miss you, when will you come back?"

The two chatted for a long time. After all, now that the parents and son are there, Chen Fan can only understand the situation through the phone.

During the last trip to St. Bastian, although there was no direct danger, the shelling and the fighter planes they saw when they left still frightened the old people a little. After returning to Amsterdam, I suggested going back to China. Foreign countries are really not safe. .

However, Liu Ying also said that recently the company is trying to acquire two small cable TV stations. It has tried before, but encountered resistance in the acquisition of large TV stations. Control, so they are now trying to change their methods, choosing to invest in large TV stations and acquire small and medium TV stations.

In the past, it was a pure acquisition of newspapers, but now it has begun to transfer to TV media.

There was a lot of gossip, but Chen Fan finally revealed his purpose.

"Daughter-in-law, why do you think it is necessary to set up some industries in the United States?"

Now that the situation of the family and Liu Ying's work are almost the same, Chen Fan started to talk about his own affairs.

"The United States? Which line do you want to do?"

When Liu Ying heard Chen Fan talking about investing in the United States, she immediately became interested and asked eagerly.

"Simple, An Ran, you know."

Chen Fan pointed out the target company.

"I know, isn't this ruined by you? Are you planning to buy it? Tens of billions of dollars, our family doesn't have that much money."

Liu Ying's tone of voice was full of doubts.

Of course she is aware of the current situation of Enron, and there are many reports on the European side, which is very sensational. After all, such a big company goes bankrupt when it says it goes bankrupt.

"I received news from here that those power plants in Anron may be divided into several assets. The cheapest one is about 30 billion yuan. I figured it out, our money is enough to get a piece of power plant assets."

Chen Fan directly expressed his intention to enter the public utility industry, which can have stable income, and also said that he also planned to acquire some public utility companies in China, but focused on tap water and gas.

He also wanted to lay out the power assets, but the water was too deep and he couldn't get in.

In fact, when I was talking to Second Brother Wang that night, Second Brother Wang seriously asked him if he intended to enter the public utility industry, and in the public utility industry, electricity is naturally the big head.

But Second Brother Wang would not support him in that line of business, it was simply because he couldn't use his strength, it was someone else's territory, and there was no good time, so don't even think about it.

"The barriers in that industry are very high. It's not about money, but about people."

This is what Second Brother Wang said at the time. The power industry has long been divided up, and outsiders can't get in at all.

In fact, the situation in the United States is similar. The cake has already been divided up, but because of Enron's bankruptcy, it gave people who want to enter this industry a chance to win that part of the business through acquisitions.

But it seems like a big investment, but since he covets this asset, he will naturally not be an ordinary person.

Either it is a power company that wants to expand its territory, or it is a company that wants to set foot in a new company. Anyway, it will definitely not be easy to win that asset. Chen Fan has already thought that it may face a lot of competition, so first and his own company Communicate with your daughter-in-law and listen to her opinion.

Liu Ying was silent on the other end of the phone for a while, and then said: "Try it, the assets of the power plant are not bad. If you take it, you can basically control the power supply in the area around the power plant. It can be regarded as a stable source of profit, and the management is also simple. , it doesn’t take much effort to do it.”

"Well, let me understand the situation first, and if it is finally settled, let's go there."

Liu Ying didn't object, but rather supported this investment action. Chen Fan didn't have to worry about the follow-up actions, just try to win it.

However, Chen Fan was still a little hesitant about whether to attack the Southern Investment Group or not.

According to the current attitude of the Southern Investment Group, they may not be able to eat the 80 billion-meter power plant assets that Enron has divided up. There is a high probability that they will choose two slightly smaller businesses, that is, more than 50 billion yuan and 30 billion yuan. The two assets worth more than [-] million yuan will collide if the time comes.

But soon Chen Fan didn't think about it anymore. There were not only two buyers, and there was a high probability that more competitors would appear.

However, when Chen Fan hadn't figured out how to deal with this matter, more news from Zhang Quan also came, but this time it had nothing to do with Enron, but another big company in the United States that might follow Anran. follow in the footsteps.

When Chen Fan opened the email, he was very surprised by what he saw. He thought that Zhang Quan had sent the wrong email, but after talking on the phone, Chen Fan realized that there was nothing wrong. It was Zhang Quan who sent it to him.

Enron's filing for bankruptcy seems to have become a nightmare for the business community in the United States. After Enron filed for bankruptcy, there have been rumors in the U.S. market that Globe Telecom may also file for bankruptcy protection for asset restructuring.

Similar to Enron, the quarterly report issued by Global Telecom in the third quarter of this year shocked the market. Chen Fan also knew the news at that time. I wonder if I can see the annual report of Globe Telecom, but now it is fine, and the latest news is that it is going bankrupt.

Maybe it was because of Chen Fan's actions that Zhang Quancai could see his intentions, so Zhang Quancai sent this information to Chen Fan. You must know that Global Telecom's asset quality is also very high.

After reading the information on Globe Telecom, Chen Fan shook his head, "It's a good thing, but I can't afford it."

A company that has only been established for 5 years, do you know how much money it has burned?
150 billion yuan.

That's right, in five years, Global Telecom spent 5 billion yuan to build a high-speed Internet and telephone network around the world.

Founded in 1997, Global Crossing is headquartered in Smilton, the capital of Bermuda. Its telecommunications network connects more than 27 cities in 200 countries around the world. It once led the global wave of high-speed communication network construction in the late 90s.

And now, Globe Crossing is finally in financial trouble, as global demand for phone and data services has fallen and prices for broadband products have plummeted, leading directly to a plunge in the appraised value of the company's assets.

During the Internet stock bubble, Global Telecom's share price once exceeded 60 million yuan a share, but now the stock price is only 12 million yuan.

When Chen Fan got the information, he even thought about it. Does Zhang Quan mean that after shorting Enron's stock, should he also short a handful of Global Telecom's stock?

These days, Chen Fan didn't pay much attention to rice stocks. He spent some time in the domestic market, watching Maojian shares, so Chen Fan called Lin Hong directly and asked him about the possibility of shorting Global Telecom. sex.

"Mr. Chen, are you sure Globe Telecom may file for bankruptcy?"

On the other end of the phone, Lin Hong obviously didn't know the news. He could only say that Zhang Quan reported it to him as soon as he received the information.

"The news from Zhang Quan said that Global Telecom seems to be in big trouble now. Is there a rumor that it will go bankrupt in the market before?"

Chen Fan asked after thinking about the information he saw.

"Yes, after the third quarterly report, the stock price has experienced a round of diving. The trend is very bad. Now it is very difficult to sell securities and sell short. It’s a request from the SEC, they have a list, and once they’re on the list, they can’t go short.”

Lin Hong said on the phone.

"How could this be? Why haven't you heard of it before?"

Chen Fan asked in surprise.

"Enron is making a fuss. It is said that the current short position in Enron is as high as 9 million shares. Now it has fallen to less than 5 cents. It is still a little early for us to enter the market."

Lin Hong said on the phone.

"It's almost the same, the fat has been eaten, it seems that I heard that you haven't rested and are still working?"

Chen Fan shook his head and said with a smile, the remaining decline in Anran, to be honest, is really worthless, and it is meaningless to continue participating, so Chen Fan decisively left.

"I plan to take a vacation after New Year's Day."

After hanging up the phone call with Lin Hong, Chen Fan guessed that Zhang Quan might not want to see if he was interested in taking down this company with Internet and telephone networks all over the world. A big event may happen, so send it to yourself for reference.

Although it has gone through a sharp drop, the market value of Global Telecom is still as high as more than 80 billion yuan, what a fart, and the way to short is also blocked.

Pay attention to the information of Globe Telecom again. Now it seems that the problems it encounters are similar to those of Enron. Its users all over the world are worried that the service provided to them will be affected by the bankruptcy of Globe Telecom. The company is required to pay off the payment as soon as possible, otherwise the supply of equipment will be cut off.

But what surprised Chen Fan the most was that Andersen was also the firm that provided audit services for Globe Telecom.

But the only good news is that it seems that Globe Telecom did not make false accounts, but their decision-making was too ambitious and the technology developed too fast, which caused the price of the network equipment they had to buy at a high price to drop sharply.

But the U.S. Securities and Exchange Commission doesn’t think so. It is said that they have taken the lead and are working with the U.S. FBI to investigate whether the company has committed fraud.

At the end of the information, Chen Fan still saw information that interested him even more. In the list of shareholders of Global Telecom, the name of Heung Kong Industrial appeared impressively, and another market rumor was given at the end of the information. Wanting to fund the reorganization of Global Telecom, this is after the report for the third quarter of this year came out.

In fact, after the huge losses in the third quarterly report, the major shareholders of the company have lost confidence in the huge development blueprint outlined by the company. There is no chance of exit at all.

The Mu family of Xiangjiang Industrial had contacted some shareholders and seemed to intend to take over the control of the company. Also a little unresponsive.

Originally, it seemed like irrelevant news, but when Chen Fan saw this message, he suddenly felt that maybe he really had an unlucky physique. Before shorting Enron, he just wanted to make short money. Now he wants to Sniping Southern Investment Group, maybe
Maybe
Maybe it will go bankrupt.

Of course Chen Fan is not so superstitious, but seeing that Heung Kong Industrial seems to be interested in Global Telecom, then there may not be funds to help Southern Investment Group, as long as he is ruthless enough, he might be able to cut off an arm of the Mu family.

But thinking of this, Chen Fan suddenly felt a little ashamed, feeling that he was a little too ruthless, wanting others to go bankrupt at every turn.

Well, let's continue to pay attention to the restructuring of Enron, and don't think about the mess of Global Telecom. It's best for the Mu family to invest all the money in it, and then see if the Southern Investment Group dares to hold hands Into the quagmire of Enron.

Time passed quickly, and it was a new year in a blink of an eye.

A few days after New Year's Day, there was news that Enron's stock was delisted from the United States. It had been 1 days since the stock price was below 30 million yuan, and bankruptcy and reorganization had already begun. Above, at the same time, Enron stock was removed from the Dow Jones Industrial Average.

In fact, this matter has already spread before, but we just need to wait for the exchange to stop trading Enron stock. Now that 30 days have passed, everything will come naturally.

And it seems to be just the beginning, because it is followed by Globe Telecom. Now the news that Globe Telecom may follow in the footsteps of Enron has spread in the market. Shorting, so the decline is definitely not the same as Enron's stock price trend before, and if the decline does not stop, the hedge funds will continue to short.

At this time, the market seems to be particularly sensitive to the word "bankruptcy", and they are all worried that such rumors will appear in the stocks in their hands, because it only needs one revelation.

(End of this chapter)