Genius remembers "→网." in one second to provide you with wonderful novels to read.
Feng Yu is actually very optimistic about this commercial bank in the west of England. In this way, he just told Porter that he knew the shortcomings of this bank, so this bank was not valuable.
Feng Yu just wanted to lower the price, not that he didn't want to buy it, but looking at Porter's expression now, it seemed that he didn't intend to continue the negotiation.
"Ahem~~" Feng Yu cleared his throat and reminded Porter.
Only then did Porter come back to his senses: "Mr. Feng, I have no intention of hiding what you said. If we hadn't encountered those difficulties, why would our bank have been sold?"
He saw that Feng Yu did not get up and leave, so he quickly continued to persuade Feng Yu to facilitate the acquisition.
Facilitating the acquisition, if he can stay as CEO, his future income will not be low. Who doesn't know that following Feng Yu can make a lot of money.
Even if he can't stay in the job, according to the agreement, he can get a compensation payment if he is fired. No matter what, he is suitable.
Feng Yu looked at the accountants he had brought with him. The chief accountant stood up and said, "Mr. Porter, do you want to continue to hide the details of your company? I want to take a look at your company's operating conditions. Especially looking at the financials.”
The company's operating conditions, especially its financial conditions, are all company secrets. If both parties have initialed an agreement and finalized the framework, then of course they must show it to the other party.
But now there is no agreement, and the other party is going to see it, which makes Potter hesitate. [△网WwW.]
However, he is also worried that if he does not agree, then Feng Yu will turn around and leave, and their bank will lose the best buyer. It is very likely that this bank will really become a pure state-owned enterprise.
"Mr. Feng, can I ask, how much debt will we have before you refuse the acquisition?" Porter tried.
Feng Yu leaned on the sofa and looked at Porter who stood up: "Liabilities are not my main consideration. I mainly look at how many high-quality assets your bank still has, and then measure it. If I invest enough amount, what can I bring to you every year?" How much profit do I have? Even if your bank currently has a debt of 10 billion pounds, I still need to invest tens of billions of pounds to bring the bank back to life. This is not a problem to me!"
Potter opened his mouth, saying this sentence too domineeringly.
Ten billion pounds, what a huge sum of money. Even many large companies with assets of hundreds of billions may not be able to get this money right away. The main value of large companies is reflected in their stocks. Where can I find it? There is so much cash.
This is why many banks are unable to save their banks, because it is difficult for those banks with hundreds of billions or even trillions of pounds in assets under management to come up with tens of billions of pounds at once, not to mention that ten billion pounds is simply not enough.
Feng Yu was just saying this. If it were true that this bank had tens of billions of pounds in debt and needed tens of billions of pounds to come back to life, Feng Yu would not acquire it.
There are so many banks on the verge of bankruptcy, and there must be ones with better assets. There is no need to hang them from a tree.
"Mr. Feng, rest assured that although our bank has liabilities of more than 10 billion pounds, we only need to invest another 10 billion pounds, no, 6 billion pounds to tide over the difficulties. We still have many loans that have not been recovered. If not We will never be burdened by high debt and interest rates!"
Feng Yu waved his hand: "You can tell them this. Remember, don't hide any facts from me. Otherwise, not only will I not acquire your bank, but you will also be in trouble. Trust me."
Feng Yu's tone was very relaxed, but it put great pressure on Porter.
He is just a wage earner. Although he is considered a high-level wage earner, he is still a wage earner. He would never dare to deceive the world's richest man. In Europe, the rumors of the Black Hand D have never disappeared. It is said that behind every big family, there are some people who specialize in doing shady things.
And he also wants to continue working at this bank. If he can stay, it will be a good thing for him. During this period, the unemployment rate for those in the financial industry was extremely high, and it was not easy for him to find a satisfactory job.
Porter had people bring in many statements. Their bank itself is listed on the stock market, and the statements must be released to the public. However, there are some financial methods that can make the statements much more beautiful.
But at this time, their bank's stocks have been suspended from trading on the London Stock Exchange. Because they have fallen too sharply, if trading is not suspended, they may be forced to delist.
The trading suspension is also a good thing for Feng Yu. If the trading is not suspended, if someone reveals that he wants to acquire this bank, then the bank's stock will definitely rise sharply.
It is common practice for the stocks of acquired companies to rise sharply, because many companies will make some adjustments after being acquired, and many of them are even delisted.
To delist, those holding shares would be forced to buy back their shares, allowing them to make a lot of money. The company's original shareholders will also benefit from the surge in stock prices, allowing them to sell for more money.
If the company's stocks had not been suspended, Feng Yu really wouldn't have come in person.
Porter personally went to explain the details in the statements to the accountants. Many of them were not reflected in the statements, but he also said them all, just to leave a good impression on Feng Yu and show that he had nothing to hide.
Feng Yu was sitting on the side, drinking black tea, smoking a cigar, and reading boring magazines.
Half an hour later, the chief accountant returned to Feng Yu, bowed and whispered: "Boss, the situation of this company is similar to what Mr. Ralph described. The detailed situation needs time to be carefully checked. According to these situations It can be inferred that if we invest US$10 billion, this company will definitely turn a profit next year.”
Feng Yu nodded. Generally speaking, the situation seemed to be okay, but he didn't know how much he planned to sell the company for. If the asking price is too high, it's not worth it.
Although there are many high-quality assets purchased, there are also many burdens.
"Potter, your bank has a lot of problems. The debt is very high. It can even be said to be insolvent, right?"
"Mr. Feng, we are not insolvent yet, we just owe more, but we also have many loan contracts, which are valuable assets."
"Okay, you don't need to explain this to me. Let's talk about it. How much does your bank plan to sell it for?"
"Our bank is worth over £14 billion by market capitalization."
Feng Yu sneered: "Market value? Are you talking about your stocks that have been suspended? If trading had not been suspended, I am afraid it would have fallen below 10 billion pounds by now. Don't forget, you still owe more than 10 billion pounds." As for the debt, how much is left after subtracting the two?"
"Let's see, since your bank still has some good assets, and if you don't hide any other circumstances, then I will pay 8 billion pounds to acquire this bank, including all assets and debts. I will also The bank invested a lot of money, and I am a businessman, not a philanthropist."
"You go back and discuss it with the shareholders. I'll give you three days and hope to get a positive answer."
…Mobile phone users please visit m.read for a better reading experience.