Chapter 30 Citibank
"Mr. Liu, I have paid attention to this Wal-Mart supermarket. It has expanded very rapidly in recent years. It can be said to be a good investment target."

"It's just that this company has two problems. First, the net profit is very low and the profitability is relatively poor."

"Also, this company is a family-owned listed company. Their family holds the majority of the shares, and there are not many shares in circulation, so it is difficult to acquire a lot of shares."

York's analysis was very professional and Liu Zhicheng listened very carefully. York analyzed the shortcomings of this company from the perspective of an investor.

"It doesn't matter. I invested in this company because I am optimistic about its growth potential and future earnings."

Liu Zhicheng expressed the purpose of this investment to York.

In the 70s, he knew relatively few dark horse companies. Although investing in potential dark horse companies did not require a lot of money, it required investment for more than ten years.

After much thought, he felt that investing in Walmart was the most appropriate option and best met his strategic requirements.

Today, Walmart’s market value is just over $4 million. Before the s, Walmart was making great strides in the retail sector, and its stock price naturally rose as well.

The investment can not only make a profit, but also enable the products produced by Liu Zhicheng's company to be exported to the world. It is a win-win situation, so why not do it?

"In that case, there will be no problem. Citibank can provide full cooperation for Mr. Liu's investment in Wal-Mart."

York has already pointed out the disadvantages of investing in Walmart. Since Liu Zhicheng can accept it, Citibank is even more certain that there will be no problem.

Liu Zhicheng added: "If the market value is below $17 per share, I can buy it all. If it exceeds this price, you can contact me and I will decide whether to continue."

"Okay, no problem." York nodded and said.

"Mr. Liu, I have booked lunch at the hotel next door. After lunch, we will continue to discuss some investment details."

"I think our colleagues in the legal department will prepare a letter of intent for investment cooperation for us this afternoon. As long as both parties sign the letter of intent, we can arrange to buy Walmart's outstanding shares in the open market tomorrow."

"No problem, I will notify my legal team to come over this afternoon." Liu Zhicheng was still satisfied with Citi's efficiency.

After lunch, Citibank’s legal department had prepared a letter of intent for investment cooperation, and Wang Fengyun also notified the United States’ cooperative lawyer team to come and review the contents of the authorization letter.

Although these investment cooperation letters of intent are all formatted documents, they still need to be checked by a lawyer to avoid serious losses.

After confirming that there was no problem, Liu Zhicheng signed his name.

The next day, Liu Zhicheng came to Citibank again and watched Citibank's traders acquire Walmart stocks on the spot.

In one day, only $30 worth of stocks were acquired, accounting for about 0.06% of Walmart's market value. The reason for this low amount is that the trading volume of Walmart's stocks is too low.

Liu Zhicheng does not quite agree with this speed, but he cannot act too hastily, otherwise, it will easily cause Walmart's stock price to rise, which will not be worth the cost.

Liu Zhicheng decided to observe for a few more days before making the next decision.

Leaving Wang Fengyun as a liaison for Citibank can also serve as a way to supervise Citibank's acquisition operations, allowing Liu Zhicheng to understand the real situation anytime and anywhere.

In the following period of time, Liu Zhicheng visited the market everywhere, investigating the current situation of arcade games in North America and the sales of Chigo electric fans in North America.

During this period of investigation, Liu Zhicheng did achieve some results and discovered that antique fans sold best in the North American market.

Liu Zhicheng occasionally contacts Xiangjiang's mother to learn about the current situation of Juzi Technology, and also listens to Wang Fengyun's progress on Citibank's acquisition of Walmart's shares.

Time passed quickly. It had been more than twenty days since Liu Zhicheng arrived in the United States, and Huo Hai had returned to Hong Kong early in the morning.

Liu Zhicheng was having breakfast at the hotel when York, an investment manager at Citibank, came to visit him. "Please take a seat."

While eating breakfast, Liu Zhicheng said, "I just got up. Please forgive me, Mr. York."

"Mr. Liu, you are my client, and the client is God. I will not be angry with God." York said jokingly with a professional smile.

"Ok."

Liu Zhicheng ate the sandwich given by the hotel. To be honest, this kind of bread is really hard to swallow. When it comes to food, no place can compare with Chinese food.

After a while, Liu Zhicheng finished his breakfast and the two moved to the reception area of ​​the hotel suite.

"Mr. Liu, as of yesterday, we have successfully completed your commission and acquired 10% of Walmart's shares. We have announced it to the public within the legal requirements."

"We will announce the purpose of this investment as you requested. Just before leaving get off work yesterday, we received an invitation from Walmart executives to meet with you."

York reported the results of the investment and Walmart's invitation.

"If you reply to them today, I will personally visit Walmart's headquarters in Arkansas in three days."

Coming to the United States, developing arcade sales was only one of his goals. Given the historical performance of this classic game, he was not worried about the failure of the arcade game.

Investing in Walmart is the top priority of coming to the United States. Investing in Walmart is investing in the United States, and it is the second thing he needs to deal with.

Because, if he makes money from the United States but does not invest in the United States, he will be "trapped" if he is not careful. And it also affects his future business layout.

If you successfully acquire 10% of Walmart’s shares, the future returns will be amazing!

"Okay, when I get back, I will call Walmart immediately and tell them your itinerary," York said.

"To acquire Walmart's shares, do I still need to pay your bank 10 million US dollars?" Liu Zhicheng asked.

"Yes, Mr. Liu, the entire acquisition cost 4887 million US dollars. Including the handling fee, you only need to pay us million US dollars."

When Liu Zhicheng heard the handling fee, he felt heartbroken for several seconds. It was really a bit expensive.

“Isn’t this fee too expensive?”

"Now Wal-Mart's stock has risen, and the market value of 10% of the equity has exceeded 50 million US dollars. Mr. Liu has recovered the cost of his investment."

York had to admire Liu Zhicheng's investment vision. As soon as the investment was completed, all the money was recovered and there was even a small profit.

"Then can I mortgage my shares to your bank and apply for a loan to solve the 10 million yuan funding problem?"

"Mr. Liu, that's no problem. Providing you with financing needs is part of our service."

"York, I mortgaged my Wal-Mart shares to Citibank and loaned it 20 million US dollars. I will pay for this funding with 10 million US dollars, and deposit 10 million US dollars into Citibank's Hong Kong account."

"Mr. Liu, this procedure can be handled for you this afternoon."

 The contract has been signed, so readers can collect it with confidence.

  Please collect, recommend, vote for monthly ticket, and ask for compensation!

  
 
(End of this chapter)

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