Capital games are a necessary means for capitalists to strengthen themselves in the free economic market. It is a normal behavior in the commercial economy to defeat all business opponents and obtain the fruits of victory through legal means. Although many times this may be a bit too cold-blooded emotionally, this is the world, the real world.
Now that the Southern Commercial Bank and the Imperial Bank hold more than 53% of the shares, they can put the Western Insurance Company into bankruptcy protection at any time and at any time. Never overestimate the morality of businessmen, nor underestimate their shamelessness. , otherwise you will become a helpless loser like Mr. Jackson.
Not only did he lose an opportunity to take off, he would also be saddled with a large amount of debt, declare bankruptcy protection, and finally have to accept the liquidation and liquidation of the bank.
So he stopped playing in another way and decided to join Du Lin!
Dulin was somewhat relieved by Mr. Jackson's defection. Mr. Jackson became a very critical part of him in winning the war after the king and queen refused to participate in the insurance business. Just by simply connecting some details together, he had already figured out how to defeat the insurance companies under Southern Commercial Bank in this war.
It was not Southern Commercial that was beaten down, but the insurance company.
"Do you think any of your friends are reliable?" Dulin opened the next page of the newspaper and kept looking down at the newspaper without looking at Mr. Jackson.
Mr. Jackson shook his head, "I don't know who to believe or who not to believe. Some of them are already ready to fall to one side, and some are hesitant, but it's possible that they have already made a decision, but they just don't show it." Just come out."
Dulin nodded, folded the newspapers together, and stood up, "I understand. Contact them and try your best to persuade them to stand with you. Things will turn around soon!"
Not long after he turned around and left, Mr. Jackson stood up and left in the opposite direction. Du Lin doesn't want to be wary of the official people who are secretly following him. He has not committed any criminal behavior now. He is not afraid of being watched. What he wants to be wary of is the people who may be sent by the two major banks. He chooses a place with a dense flow of people. Obviously a very good choice, just a few minutes without anyone realizing what's going on, if indeed someone is following.
Judging from the current situation, it seems that the insurance companies established by the two major banks have steadily taken over Western Insurance Company, as well as Mr. Jackson and other retail investors. They set up a very terrible business trap for businessmen who wanted to bet on tomorrow with the help of the contracts in their hands to jump in. This time they dug not a pit, but an abyss leading directly to hell. Dulin's brain started to become active. If he guessed correctly, once the insurance business is sure to create good benefits and the risks are not as big as they thought, there will be seven bankrupt businessmen who may choose to jump off the building or swallow a gun. suicide.
They owed a loan of 50 million to China Southern Commercial Bank. Although 60% of the shares were taken away, the remaining people also owed a lot, taking Mr. Jackson as an example. He currently holds 6% of the shares of Western Insurance Company. Western Insurance Company currently has a market value of 50 million but also has negative assets of 50 million. These two figures need to be calculated separately.
Fifty million of the assets are actually not in his hands, which means that he has shouldered a debt of three million for nothing, and will bear the same proportion of interest starting from the second year. On the other hand, the two major banks also used the name of loans when making capital increases. Mr. Jackson holds 1.1% of the shares of each of the two major banks. The two major banks have total assets of 400 million and negative assets. Three hundred million, this also needs to be calculated separately.
Calculated in this way, because of signing a series of contracts, Mr. Jackson's personal assets increased by 4 million, but his negative assets were another 6 million. After calculating the positive and negative hedging, which is not a statistical method, he was inexplicably He took on a loan of two million and had to pay interest on it.
This doesn't seem very scary, because there are actually two million of his assets currently in the bank. It does seem like this, and there is no problem. But once the two major banks that hold more than 53% of the shares of Western Insurance Company decide not to let them play, they only need to split up Western Insurance Company first and transfer the non-liable part, which is the 5,000 in the bank. The 10,000 yuan is split out, and then the liabilities are split out from the assets, which is part of the 50 million loan they are carrying.
Then sell the positive assets to the bank with absolute equity - using various names, such as the company's good business profitability or other names, for a low price of 20 million or even 10 million, and then sell the obtained assets to the bank. This ten million was returned to the bank in the name of paying off liabilities. In this way, all the positive assets of the entire Western Company were sold out in the name of business services, leaving only 40 million in liabilities for the entire company. And because of the unequal treaty in the agreement, Mr. Jackson not only had to bear 2.4 million, but also failed to pay 15% interest per year. For a total of three years, he had to pay 340,000 yuan back to the bank with interest. One hundred and eighty thousand.
As for the insurance companies under the two major banks, it is even simpler. They still use the splitting and divesting method that capitalists like most, peeling off part of the advantageous industry and directly transferring it to the bank at a low price valuation as a way to repay bank loans. , even if they look better, 100 million of good assets were valued at 50 million and returned to two banks respectively. Now they are still burdened with 250 million in debt. Calculated at 1.1%, Jackson is now He was burdened with a debt of 2.75 million and an interest of 1.24 million accrued from this debt. In other words, he owed a loan of 7.46 million to the bank without doing anything. , the fraction does not count.
The reason for this result is actually very simple. The equity in their hands has been diluted to a minimum. They have no power to interfere with the shareholders' meetings and the board of directors of the three companies on the company's business decisions. They can only accept this result. They can sue the two major banks, but for this capital market, capital is everything. The two major banks have enough time, financial resources and experienced rogue lawyers to fight them and drag out the lawsuit indefinitely. Go on until they are completely bankrupt first.
At that time, the lawsuit will naturally be unable to continue because they are bankrupt and because they have no money to hire lawyers to continue seeking legal help. At that time, they may face a liability of tens of millions or more. If the two major banks take the opportunity to suppress the companies they are running, accelerate the process, and increase their debt levels, maybe after a period of delay, each of them will be burdened with more than 20 million in debt!
Apart from jumping off a building to end their unlucky life and put an end to this debt, they have absolutely no other way to go.
Capital has never shown a kind side. It has always shown itself as a bloody mouth. Sometimes some people are swallowed by this big mouth, and sometimes they swallow others. Don't try to see who is more pitiable through the results. In fact, from the day they embarked on this road, none of them deserve to be pitied, they are all participants with hideous faces.
Du Lin's breaking point now lies in the 50 million "margin" deposited by Western Insurance Company in Southern Commercial Bank by Western Insurance Company.
A group of people who have not even entered the door have actually begun to discuss how to close the door. Perhaps because they have too much advantage, these people have forgotten that in shopping malls and in the field of capital, there will always be a kind of miracle, a kind of wisdom. The miracle!
Along the way, many people did not believe in this evil, but in the end they all gave honest answers.
The insurance industry without Dulin's interference is indeed an undeveloped land. Those two words cannot be easily spoken or else it will be destroyed. There are countless gold and silver treasures scattered here. With the continuous development of think tanks in the two major industries, After deepening the analysis of the profitability of the insurance business, I increasingly feel that this is a good deal second only to banks, or even better than banks. It is said that there has even been a slogan spread from within the central bank - "Let everyone have a security guarantee"
Stimulated by the huge good news and unprecedented benefits, the two major banks quickly applied for an industry self-regulatory organization in the Imperial Capital, called the Imperial Insurance Industry Self-Discipline Committee, and initiated the formulation of industry standards to the General Chamber of Commerce in accordance with the standards they had previously negotiated and signed. , and the formulation of industry access standards. As long as these two documents are approved, the insurance industry in the empire will become the back garden of the two major banks in the future, and they always believe that these two documents will definitely be approved without any hindrance.
Given the relationship between the two major banks, capitalists and the General Chamber of Commerce, it is impossible for the General Chamber of Commerce to stick to them for too long on an issue that has nothing to do with their interests. This is not in line with the current interest demands of the General Chamber of Commerce.
In fact, the General Chamber of Commerce and the two major banks are facing the same problem, and both are facing the pressure from the cabinet, but there are some differences.
Regarding the General Chamber of Commerce, Maggs' attitude is very clear. He will defeat them when he finds an opportunity, and then take back the General Chamber of Commerce's power over business approval. As for the group of businessmen from the General Chamber of Commerce who provided a lot of help to Mags in the past, that was a personal friendship and should not be elevated to the national level. The new party government was indeed facing many crises at the time, and it got through the most difficult times with the help of these businessmen. Didn't they also give the General Chamber of Commerce almost thirty years of development
Now the international situation is becoming more and more volatile. The cabinet think tank believes that the future war situation is likely to change from armed conflict to economic war. This also makes Maggs want to get back what should originally belong to the government. The power resides with the General Chamber of Commerce.
As for banks, too many anonymous accounts have caused very bad negative effects and caused great damage and losses to economic construction. The banking industry must be included in the government's supervision, and even part of the power should be handed over to the government.
The General Chamber of Commerce and the two major banks can be described as a pair of bad brothers.
Today's update is here. Something happened. I don't want to type anymore. I want to be quiet.
(End of chapter)