Extraordinary Genius
Chapter 884 - Fundraising
Kirilenko returned to Moscow, and Feng Yuremained in New York to raise funds.
Feng Yu started selling some unimportantshares he owned and used Microsoft, Yahoo, and other technology shares to getloans.
Although getting loans will let Feng Yuraise lesser funds, but the Asian Financial Crisis will last more than a year.During this one year, the technology share prices will continue to rise andmight even be doubled.
This is the best solution for Feng Yu toget the most profits.
If Feng Yu is to sell off all his Microsoftshares, it will affect Microsoft share prices, and Feng Yu might be kicked outof the board of directors.
Although Feng Yu does not have any say inMicrosoft, Lenovo Kingsoft is still developing. Lenovo Kingsoft is still farfrom Microsoft, and even some software companies in China dares to challengethem with specific software.
Feng Yu needs the ident.i.ty of Microsoft"sDirector to protect Lenovo Kingsoft and China"s software market. He does notwant China"s software industry to be like what happened in his past life, wherethe most profitable software is produced by overseas companies.
Yahoo"s shares cannot be sold as Yahoo"sshare prices will shoot up this year. It will be a loss if Feng Yu sells hisshares.
This time, Feng Yu did not look for asingle bank to get a loan. One bank might not lend him the amount he needed.Also, Feng Yu needs to divert attention away from him.
Among the shareholders of the banks, theremight be Soros"s friends. Feng Yu does not want Soros to know how much money hehas.
Hiding Feng Yu’s wealth from Soros willmake him wary and increases the chances of winning.
On the first day, Feng Yu managed to raise1 billion USD. The following few days, Feng Yu contacted the higher executivesof all the banks in New York and used his shares as collateral to get loans.Over a week, Feng Yu used all his available shares as collaterals for loans andtransferred all the money to his UBS account. The fund raised is ready to betransferred to any Asian financial market.
…….
"Boss, that Chinese man is raising fundsnow. I heard he had used all his Microsoft shares to get loans."
Soros put down his wine gla.s.s. "That meanshe manages to raise about 5 billion USD?"
"I don"t think he can get so much, and itshould be less than 4 billion. He had already used some of his shares to get aloan in the past. The money he got was invested in the stock market, and healso transferred a portion back to China. Maybe his companies in China neededmoney urgently."
Soros nodded. 4 billion USD… This Feng Yuis bolder than he expected. Soros"s a.s.sets are around 6 billion USD. Of course,the amount he controls is more than that.
But Soros can confirm that the newspaperswere not exaggerating when they estimate Feng Yu"s wealth. He is indeed a supertyc.o.o.n.
Even if Feng Yu had doubled his 4 billionUSD in other countries, 8 billion USD is not enough to stop their attacks.
Soros does not want this young investingexpert to affect his status. Winning this genius tyc.o.o.n is also something tocelebrate.
"Alright. I know about this. Get ready andbring your men to Chiangmai first. Our plan will start before March."
After Soros"s subordinate left, he finishedthe alcohol in his gla.s.s. Soros is a greedy man and is a control freak. All thefinancial inst.i.tutions and tyc.o.o.ns he contacted must listen to his orders.
But this Feng Yu and that Russian,Kirilenko, are not the type who listen to orders. Since you all refuse tolisten to me, don"t blame me if I set you all up after we cooperate!
……
"Uncle, Feng Yu starts to raise funds.Should we get ready too?" Fu Guangzheng asked.
Fu Rongqi waved his hand. "Before HongKong"s return to China, those international speculators will not target HongKong and HKD. There"s no hurry to raise funds. We can wait until after July 1st."
"Feng Yu said Soros and his gang will starttheir operations before July and might start their preparations around March orApril. Their first target is Thailand. If we are late, we might not get a shareof the profits." Fu Guangzheng said.
"Guangzheng, I know you want to get a shareof the profits. But you must remember that the amount we are using is more than70% of our total a.s.sets. If we fail, the Fu family will suffer a significantblow! Yes, we still have our businesses, supermarkets, land, and companies. Buthow much can these companies earn? Without enough financial support, oursupermarkets can keep those retailers away? Our trading companies" distributionchannels can continue to grow? Our real estate firm can get so many land parcels?"
Fu Rongqi is the head of the Fu Family.Although this time, he will be providing most of the funds, his 3 otherbrothers, including Fu Guangzheng, had also invested their money.
Everyone in the Fu Family had made moneywhen they followed Feng Yu to attack j.a.panese companies. This time, they wantto follow Feng Yu to make money again. But Fu Rongqi is more cautious as thistime they will be dealing with international hot money, and Soros, the mostfamous hedge fund manager on Wall Street, will be heading the operationhimself. Fu Rongqi, who had been making investments for years, does not have100% confidence that they will surely win.
The younger generations of the Fu familyare eager to join in as even if they lose their money, they can still rely ontheir parents. But Fu Rongqi cannot be rash. Once this investment fails, theconsequences are no longer financial losses. The Fu Family"s status in HongKong and Southeast Asia will be affected.
A family with several billion HKD and afamily with only 1 billion HKD is not the same. Although to many people, theyare all wealthy families, their influences are wide apart.
"But Uncle, we are not fighting alone.Superman Li and his family, Feng Yu, that Russian tyc.o.o.n, Kirilenko, and manyother Hong Kong tyc.o.o.ns are partic.i.p.ating. We will not lose!"
Hong Kong is one of the places with the mosttyc.o.o.ns, and Fu Guangzheng firmly believes that they will win for sure.
Fu Rongqi shook his head. "Do you know whythose international speculators need to set up a hedge fund? Hedging willaffect their returns, and they are using it to lower their risk. Even they areso cautious, how can we just rush in like this? Just follow our original planand raise funds slowly. We just have to be ready before July."
Fu Guangzheng still wanted to saysomething, but his first uncle waved him away. Although he felt unhappy aboutthis, he knew his uncle is more experienced and talented in investing comparedto him.
But what Fu Rongqi does not know is Fu Guangzheng had used all his companies" shares as collateral for bank loans and invested everything into his Wind and Rain Consulting investment account. His uncle wants to be safe… but he wants to get the most profits!