Reborn Entrepreneurial Giant

Although Qu Li wanted to go to Australia to see the kangaroos, he did not go. Instead, he entrusted Wu Hongning to help him pay attention to the Australian lithium mine when negotiating with FMG, to see if Talison Lithium would invest.

The scale of the Vision Fund is still too small, and there are too many things. The acquisition of Xiangcai Securities and the privatization of Spreadtrum Communications are still in progress. Domestic companies such as Ningde Times, Huayou Cobalt, Ganfeng Lithium, and Sungrow are still in contact , only preliminary contact was made.

Sometimes there are only so many opportunities, and it is difficult to have such a good opportunity after missing it. For example, he is going to exchange euros for dollars, but someone from Yuanjing reminds him that there is another Infineon semiconductor company waiting for him in Europe.

Wrong, Infineon, which is on the verge of bankruptcy, is looking for investment, and the yield of German government bonds is still falling. Another German guy paid attention to an opportunity:

Porsche acquired 42.6% of Volkswagen's shares, but it must reach 75% of the shares in order to hold a controlling stake. This is impossible at all, and now is a good opportunity to short.

Hearing this news, Qu Li woke up instantly. Anyone who likes finance and cars may pay attention to this matter. Later, many financial UP owners gave wonderful explanations to this story. Qu Li doesn't remember that much, but he knows that the company's stock rose from 199 euros to 1005 euros in 5 days, making Germany's fifth richest man commit suicide by lying on a train.

In fact, no matter from which point of view, shorting Volkswagen stock is reasonable. The government of Saxony in Germany holds 20.1% of Volkswagen Group shares. It is almost impossible for Porsche to acquire 75% of Volkswagen shares in the market. It is too difficult to achieve. And under the influence of the financial crisis, Volkswagen's performance this year is bound to decline.

If you can’t find a reason, then don’t look for it. Qu Li temporarily dispatched a team to Germany. He wants to go long on Volkswagen’s stock through the channels provided by Swiss Bank.

After making this decision, on October 21, the exchange rate of the euro against the U.S. dollar fell sharply, falling from 1.34 to 1.25 in a few days. It was already Friday, October 24 when Qu Lifei arrived in Europe to prepare. The stock price fell from 395 yuan on October 16 to 200 euros on October 24.

"Do you really want to buy Volkswagen stock?" Several traders hesitated

"If it falls to 100 euros at most, will the Volkswagen Group go bankrupt? We don't use leverage, and the risk is controllable."

"..." Several people looked at each other in blank dismay. The loss of 110 million euros was 50 to 60 million. Is this risk controllable?

"Don't blot out the ink, anyway, it's not a loss to the Volkswagen Group, and I'm going to hit Infineon too."

Well, everyone stopped hesitating. They suggested that Qu Li wait for Infineon or Qimonda to go bankrupt and buy high-quality assets. They did not expect Qu Li to save Infineon.

As a result, the ferocious short made Yuanjing run out of funds and bought 500,000 shares of Volkswagen Group in just one day. The market value of the Volkswagen Group is about 60 billion euros, and his more than 100 million euros cannot stir up a little splash.

Next is the weekend, and they have time to investigate Infineon. It feels like it is going to be cold again. The operating conditions are very poor, and there are a lot of debts. No matter how you look at it, it is going to go bankrupt. Although Qu Li is envious of its baseband chip business, its annual revenue is nearly 1 billion euros, which is about Infineon's revenue in one quarter at this time, accounting for about 30% of its total revenue.

"Our professional team members are still too small to make a correct evaluation of Infineon's value."

"Then call Professor Chen Tong over and ask Wu Ping from Spreadtrum if he wants to acquire Infineon's wireless communications department."

"Okay!" Several people saw Qu Li's courageous performance, and no longer hesitated. Maybe a reckless hero like Qu Li could really play a miraculous role in a chaotic moment like the financial crisis.

Quli is in Germany, which naturally becomes the work center of the Vision Fund. Talents will gather soon. Porsche sent out a shocking good news on the 26th. They increased their shareholding in Volkswagen Group through options. to 74.1%.

What is this indicating? TV stations and online media quickly reported that short sellers accounted for more than 10% of Volkswagen Group’s total share capital, and about 5% of the market’s circulating stocks, which means that these short sellers will almost 100% default.

"Oh! Boss is awesome!" Several people yelled strangely in the hotel. The drama of Porsche's acquisition of Volkswagen Group has been wonderful for decades, and it is definitely a frequent visitor in various textbooks. The use of rules and the grasp of timing have reached the point of perfection.

Of course Qu Li was excited at this time. After a few days of speculation, the profit was at least doubled. They were just waiting to collect the money and ignored the treacherous Bo Yun outside.

"Boss, UBS is calling, Germany wants us to sell Volkswagen shares tomorrow."

"Don't bother, it will definitely not work tomorrow."

Qu Li trades stocks with pure cash, without any leverage, without any violation of regulations. No one dares to force them to sell stocks. It must be that the Frankfurt Stock Exchange has discovered that something is wrong. If this continues, the reputation of the entire stock exchange will be ruined. .

Many short positions are about to deliver their stocks at the end of the month, but there is still a 5% gap in the market. Unless Porsche actively buys stocks, it will not be able to make up for it anyway. At this time, letting other small shareholders sell the shares of Volkswagen Group is just a little exhausted" Weak power”, the key lies in Porsche. There is a high probability that the German court will agree to some of Porsche's requirements, such as no longer preventing them from acquiring the Volkswagen Group through administrative means.

Whether there is a similar requirement, no one knows in the end, but the government of the German state of Saxony later sold a lot of Volkswagen shares to local tyrants in the Middle East. As for Volkswagen Group's anti-acquisition of Porsche, it is another matter. Anyway, the controlling shareholder has become the big boss of Porsche at this time.

On Monday, people from Vision Investment continued to come from China. The stock of Volkswagen Group opened high and went up from 350 euros to 635 euros. Both bulls and shorts were scrambling for chips, including Vision Fund. Cashed out in advance, the stock price fell from 350 euros to 324 euros, and quickly grabbed 100,000 shares. You ask where the money comes from. At this time, who cares about money, they want stocks, and the final closing price is 520 euros.

On this day, one can imagine how devastated the German court and the stock exchange are. Is it important for a giant company or the reputation of the German financial system?

On Tuesday, October 28, the stock price of Volkswagen Group opened at 500 euros, fell slightly to 471 euros, and then rose rapidly.

"Throw away all the more than 1,000 euros!" Qu Li gave a trading plan for the day. Anyway, he plans to watch the market all the way today. If the stock price of Volkswagen Group does not rise to 1,000 euros, see if Porsche will sell it, and keep an eye on Porsche's There is nothing wrong with trading.

Fortunately, history did not go wrong. The stock price of Volkswagen Group soared to 1,005 euros. All the shares of Vision Group were successfully cashed out, and the loan and interest were repaid, leaving 565 million euros in the account. Qu Li and the other four shared a reward of 5 million euros. The operation was perfect.