Island Tycoon

Chapter 106 Media Preselection

"The CFTC decided to intervene in the silver futures market and take a series of corresponding measures, including increasing margins, implementing position restrictions and only allowing liquidation transactions."

"The source of the soaring silver price is the Hunter Brothers who manipulated the futures prices behind the scenes. After the CFTC intervened in the supervision, the Hunter Brothers, who intend to manipulate futures prices, may not be able to increase the margin, which will lead to the failure of the order."

"A large amount of silver is pouring into the market, and the price of silver will collapse in a short time."

Ye Jingcheng was holding a copy of the New York Times in his hand. With his poor English skills, he could barely understand the contents. The CFTC’s desperate short squeeze has already begun, and the downfall of the Hunter Brothers, who manipulated the silver price, is inevitable. The predators who followed behind him began to sell their futures and spot silver in order to protect their interests.

For the Hunter brothers who hold a huge amount of silver, the actions of these people are undoubtedly adding salt to their wounds.But for Ye Jingcheng, who is selling blank silver, he will follow the collective dive of this group of people, and his assets will inevitably increase sharply in a short period of time.

At this time, Cao Renchao, who was sitting opposite Ye Jingcheng, saw Ye Jingcheng's satisfied smile, and asked, "Ye Sheng, silver has fallen to 18 US dollars per ounce, do you think we are going to stop?"

"Don't be so impatient, it won't be too late to close the net when the price drops to single digits." Putting down the newspaper in his hand, he picked up the cup of coffee and drank it.

"Single digits! Ye Sheng doesn't seem to be worried about the market trend?" It is true that the price of silver will collapse, and the price will also leak.But if you want to say that it fell into single digits...

This situation is not impossible, but whether Washington will allow this to happen.

You must know that the Hunter brothers still have no less than 6000 million ounces of silver in their hands. If they are thrown out of the market at once, the entire market will collapse completely.At that time, it will not only affect the families behind the Hunter brothers, but even some of the major banks involved will face the danger of bankruptcy.If the big head is like this, the fate of retail investors can be imagined.

If Washington really ignores it, in addition to bringing the local economy into a downturn, this incident will also reflect their incompetence.As long as Washington knows how to weigh the pros and cons, it is inevitable to allocate funds to save the entire market.

"Anyway, we have already gained a lot. Even if the market picks up soon, at worst, we will lose some money. Let's just spit it out to save the market." Ye Jingcheng smiled indifferently.

This time he invested a total of 5000 million, and the benefits have not yet been calculated.However, the threshold for a Goldman Sachs registered account, which is an asset of [-] million U.S. dollars, he must be satisfied.

"You, Ye Sheng, are the only ones who are qualified to say that." Cao Renchao shook his head and smiled wryly.It's not entirely out of flattery, but because of Ye Jingcheng's unique vision, it doesn't matter that he is not obedient.

"Superman Cao, are you a shareholder of the Economic Journal?" Cao Renchao's real name was Cao Zhiming, but he changed his name to Cao Renchao because he hoped that his ability would be the same as his name was reversed, Superman Cao.

"I'm a technology investor, with 20% of the shares. Ye Sheng, are you going to...?" Cao Renchao didn't hold back, and explained the situation in detail.

The reason why Ye Jingcheng mentioned it was because of the information obtained from Yuan Tianfan that "Jinbao Financial News" had borrowed from the bank, and the amount has not been filled up to now.

In addition to this "Eastern Economic News", there are more than a dozen newspapers and magazines for him to choose from. Magazines are not the main market at this time, so most of them are small and medium-sized companies that are not well-known.

Newspapers are much richer. Those who have made loans or mortgages with banks include "Hong Kong Island Business Daily", "Sing Pao", "Xin Bao", "San Cai Wang", "Shuang Bao", " Good News, etc., and the bank's assessment of these companies is not small.The main reason is that the newspaper industry has a very large demand market. Magazines can be shared among friends, but newspapers, basically they will choose their own.

At first, Ye Jingcheng still had a lot of doubts.Because at this time there are no free newspapers, no electronic newspapers.Therefore, the sales of these newspapers are not small, and some of them are even bigger. Why are there mortgages and loans?

Facing this question, Yuan Tianfan answered very calmly.Ye Jingcheng is a typical layman watching the excitement, and this kind of situation is very common.If the media is really as profitable as it seems, then the number of employed people in this industry will not be so small.

In fact, not only media companies, but all walks of life can be described as a pyramid. Those who make money are always a small part of the top, while those in the middle still have the ability to be self-financed, and those at the bottom can only struggle desperately, so every industry will There is a limit on the number of people who can enter.

In this pre-selection list, "Sing Pao" and "Xin Bao" are undoubtedly the most credible. Although "Hong Kong Island Commercial Daily" is not inferior to these two in terms of scale, as a newspaper that requires financial knowledge to understand , its audience is obviously smaller than the former.

Ye Jingcheng asked Cao Renchao this question, not because he was interested in this newspaper, but because of a suggestion from Yuan Tianfan.

What Ye Jingcheng valued most were "Xin Bao" and "Sheng Pao". These two companies were already on the right track and could save him a lot of effort and time.These two companies still have the opportunity to acquire, but the difficulty and resistance will not be less.

And Yuan Tianfan's suggestion is this, on the one hand, handover with these two newspapers, and on the other hand, make second-hand preparations.Since it is impossible to acquire a complete newspaper, why not 'put together' one yourself.

Ye Jingcheng can acquire a number of small newspaper and magazine companies. These companies cater to the needs of different pages, such as the financial section of "Jinbao Financial News", the entertainment section of "Sanliao Wang", and the current affairs section of "Shuangbao"...

The potential of these companies is second to none. They can mainly help Ye Jingcheng recruit enough talents. The structure of such a media company has been established, and the subsequent development will be much easier.

"If I want to make an acquisition, do you have any good suggestions?" Ye Jingcheng asked.

"Ye Sheng plans to enter the media industry? Hmm..." Yuan Tianfan gave a relative suggestion based on the current situation of "Esports Financial News" after thinking about it, and said: "This newspaper has been published for several years, and its reputation and response in the market It’s not bad. Now that Ye Sheng is considering buying, I think other shareholders’ asking price will not be lower than 300 million.”

"300 million?" This amount may not seem large, but "Journal of Hong Kong Economic Journal" is still a small media, and the market value of this type of company is usually around 200 to 300 million, and [-] million is considered a high price.

Cao Renchao nodded and said, "Well, there may also be disagreements among shareholders."

"How many shareholders are there?"

"There are four of them, including me, and Luo Zhiping is relatively easy to deal with. But Lin Shanmu and Luo Youmei, a husband and wife team, are very optimistic about the potential value of this newspaper. The most important thing is that they hold a total of 51% of the shares."

The implication is that as long as the husband and wife team nods, this media company will be his.

"That's it." Ye Jingcheng said thoughtfully, "Help me sound out their tone first. As for whether it's an acquisition... this matter can be delayed for a while."

Ye Jingcheng still prefers the two large media, "Sing Pao" and "Xin Bao", so whether or not to implement this matter will have to wait for the former's reply before considering it.

"By the way, Ye Sheng. I found something here. I don't know if I should talk about it or not?" Cao Renchao asked for instructions.

"Go ahead."

"In the past few days, I have noticed that Li Zhengping is not in a good state, and he goes out very frequently, sometimes even four or five times a day. I suspect that he is stealing money outside without telling the company."

Cao Renchao expressed his worries. As Ye Jingcheng's confidant, what he was worried about was not that Li Zhengping knew about it, but that Ye Jingcheng would take his whistleblowing as a divorce.

"Well, there is such a thing?" Ye Jingcheng's tone became serious, as if he was considering the authenticity of this matter.Finally gave the answer:

"Okay, I'll find a chance to talk to him face to face."

For Qianlong Investment Co., Ltd., Li Zhengping did go out to earn extra money without telling the company, but the main reason for this was not him, but Ye Jingcheng who gave him the opportunity to go out and earn extra money.Li Zhengping has followed his instructions and silently infiltrated the layout of Carrian's fraud case.

(End of this chapter)