Rebirth of the Strongest Tycoon

In order to acquire a 55.7% stake in Wheelock Shipping, Australia Toll has spent a total of 8.71 billion Hong Kong dollars, equivalent to 1.428 billion U.S. dollars.

However, the acquired Wheelock Shipping Company was suspected of financial fraud, and the actual loss was as high as 75 million U.S. dollars!

And the shipping business has reached the critical point of assets and liabilities.

In the long run, Wheelock Shipping's share price is bound to collapse.

Toll's international investment was extremely wrong, with a loss of up to 968 million US dollars, and the company's reputation was also seriously affected.

After the news was exposed, Toll's stock price plummeted.

The reputation of Dernst Accounting Firm, one of the top ten accounting firms involved, was severely damaged.

Just when the outside world was shocked by Toll's news.

Three cars came downstairs from Westpac Headquarters, and then a team of people walked out and was personally greeted by Westpac Chairman Milo Knox and entered the interior of the building.

When the group came upstairs, they were divided into two parts.

Among them, Stanney Kelsen, vice president of the Bright Fund and president of the Australian branch, and Milo Knox entered an office separately.

During this period of time, Milo Knox was tossed and haggard, and one or two could be glimpsed from his somewhat haggard face at this time.

"President Kelsen, why did you come to our company?"

Milo Knox fixed his eyes on Stanney Kelsen, and asked nervously.

After receiving the greeting message from the Bright Fund, Milo Knox was also shocked. It is true that Westpac has reached its limit and cannot withstand the toss of any large institution, so he can’t wait to avoid it during this time. These large foreign institutions.

He couldn't hide it only when the invitation was delivered to the door, and he had no choice but to bite the bullet to greet him.

Stanney Kelsen said with a smile: "President Knox, this time I am here to save the Knox family and Westpac Bank."

As soon as these words came out, Milo Knox only felt the blood surge. It was really ugly.

In an instant, his heart kept sinking and he began to prepare for the worst.

"President Kelsen, we at Westpac Bank are doing well now, and our Knox family is also doing well, you are afraid you are joking."

Milo Knoxpi smiled and replied.

Stanney Kelsen shook his head and said loudly: "No, no, no, I never like to make jokes, I'm a very pragmatic person."

"The Westpac crisis can be hidden from ordinary people, but it cannot be hidden from us people."

"Westpac has reached the brink of bankruptcy, which is not only visible to me."

"I am indeed here to rescue the Knox family. You sell me the equity in Westpac Bank. Then any crisis that occurs after Westpac Bank will have nothing to do with you."

Milo Knox said with a ferocious face: "Impossible, the equity held by our family will not be sold, and Westpac Bank will not go bankrupt, President Kelsen, please go back!"

With that said, Milo Knox also made a gesture of seeing off the guests.

But Stanney Kelsen still did not get up, but the smile on his face disappeared.

Shameless, then Stanley Kelsen would not be polite.

He stared at Milo Knox with a sharp gaze, and said with a sneer: "President Knox, as far as I know, Westpac sold a total of US$5.5 billion in forward foreign exchange contracts to the Bridgewater Fund. And the Tiger Fund, and then lent 6.3 billion Australian dollars to other institutions, of which the Tiger Fund and the Bridgewater Fund alone amounted to 5.2 billion Australian dollars."

"Now the Australian dollar exchange rate has fallen by a third. In these two businesses, your bank has lost more than 3.7 billion Australian dollars!"

"Now that the Australian stock market and bond market have plummeted, the mortgage equity assets of the major companies held by your bank have all shrunk, which is definitely a bad debt."

"In addition, as far as I know, Westpac is the largest financial supporter of Toll's acquisition of Wheelock Shipping."

"Because of Toll’s special relationship with you, Toll used a leveraged buyout for this acquisition. The leverage ratio was as high as 20 times. It only used US$42.5 million for itself, and US$87.5 million of funds were used. It was provided by Westpac Bank."

"Now Wheelock Shipping Company has exploded, and the shares of Wheelock Shipping Company mortgaged in your bank have been seriously depreciated."

"You said, if all these news are made public, how would investors and depositors choose?"

"Will Westpac Bank's capital chain be broken by a run, and will the bank go bankrupt?"

This series of words was like a sharp knife thrusting into Milo Knox's heart, turning his face pale, and looking at Stanney Kelsen with horror.

This is the secret of Westpac, he even knows it!

The Bright Fund is a group with them!

"You...you..."

Milo Knox pointed at Stanney Kelsen, wanted to say something but couldn't say it, so he could only gasp quickly.

"President Knox, fortunately these news have not been exposed for the time being. The equity held by your family is still valuable. Do you think I will take over the equity held by your family and take risks for you. Are you helping you? "

Stanney Kelsen said softly.

But these fluttering words came into Milo Knox's ears like hell's evil words.

This is a naked threat!

However, he dared not speak, but his only reason told him that he could not turn his face.

In a moment, the room became quiet, and only violent breathing was heard.

Stanney Kelsen looked at Milo Knox in silence.

Nearly ten minutes passed.

Milo Knox gradually calmed his mood and accepted this cruel and merciless reality.

He asked in a hoarse voice: "Our family holds 19.4% of Westpac Bank. How much are you going to pay?"

Stanney Kelsen smiled and said lightly: "A hundred million Australian dollars."

Milo Knox said with a blue veins, "It's impossible, it's too low. This is an insulting price. I would rather the bank fail than sell it!"

Now the Australian dollar exchange rate has been broken, and 100 million Australian dollars converted into US dollars is only about 60 million US dollars.

Based on the 19.4% equity held by the Knox family, Westpac is only worth 515 million Australian dollars, equivalent to 300 million US dollars!

Although Westpac has suffered serious losses, the price is still too low!

Stanney Kelsen took a step back and increased the price by 10 million Australian dollars: "I can only add 10 million Australian dollars. Westpac is on the verge of bankruptcy. President Knox, you have to recognize the reality."

"No, at least 500 million Australian dollars!"

…

What is involved is the equity trading of the Knox family, without the participation of senior executives of Westpac, the owner of the family, Milo Knox, is completely in charge.

After intense negotiations, Milo Knox, who had already lost the initiative, was finally defeated and accepted the cruel reality.

The 19.4% stake in Westpac Bank held by the Knox family was transferred to the Bright Fund at a price of AUD 210 million, and the bank’s inside information must not be disclosed to the outside world.

The reason why Bright Fund is willing to spend this money to acquire equity is that it is not easy to fight for when it is really bankrupt and liquidated. UU Reading www. The most important reason for uukanshu.com is that we don’t want Westpac Bank to be run on by depositors and a credit crisis will break out.

Westpac's losses are at a loss, and Bright Fund will naturally have a way to hedge it after taking over. However, once it is run on, it will cause a huge blow to the bank's reputation, and the bank's assets will quickly lose, and what you get is a broken bank.

Milo Knox also knew this. He also seized this point to negotiate. Otherwise, don't even talk about 210 million Australian dollars.

On the same day, Bright Fund signed an equity transfer agreement with the Knox family.

In the next two days, Bright Fund used the same tactics to deal with other shareholders, all of them raised their hands and surrendered, choosing to stop losses in time.

Plus the stocks that are buying bottom from the stock market.

Bright Fund holds a total of 82.7% of Westpac Bank, costing a total of 944 million Australian dollars.

Australia's second largest bank and the largest financial core of the Sydney Consortium announced a change of ownership.

After the news came out, whether it was Australia's domestic capital and political circles, or international institutions, they were shocked.

The Sydney consortium is over!

The Bright Fund from the United Kingdom seized the lead, and international agencies immediately adjusted their strategies and aimed their guns at consortia other than the Sydney consortium to avoid falling into unnecessary competition.

The Fairfax family, the Knox family, the Jonathan family, and the Johnston family all raised their hands to surrender, reluctantly cut their flesh to stop the damage, and shrink their strength to prepare for a comeback.

With the help of Westpac Bank, the Bright Fund’s harvesting operations against the Sydney consortium have speeded up again.

The error-free chapters of "Rebirth: The Most Powerful Hero" will continue to be updated on the novel website. There are no advertisements in the site. Please collect and recommend it!

The most powerful hero who likes rebirth, please collect it: () The most powerful hero of rebirth has the fastest update speed.