Extraordinary Genius

In just a few days, several real estate financially listed companies have been suspended, and the stock price has fallen too fast to stop.

Feng Yu was not very happy to see these. Not because he didn't sell out much of the stock of these companies, but because Feng Yu didn't wait for the scene he wanted to see, that is, the two housing groups came out to take over.

If the two housing groups don't come out to take over, then there are variables, which have a great impact on Feng Yu's plan.

Again, it appears that the companies applying for insolvency protection are not large enough, the market value is not large enough and the impact is not large enough, and that one of the top ranking companies must apply for insolvency protection in order for the two housing groups to take over quickly.

And this company, Feng Yu, has long been chosen, which is the New Century Finance Corporation, the second largest subprime lender in the United States.

It's just that this company's negative news has been released a lot, and the stock price has fallen all the way, but it hasn't stopped!

This company is too influential to stop the license easily. And some, too, are trying to save the city with money.

Now there are rumours coming up here about Feng Yu's negative news.

Said that Feng Yu Holding Group was spending too much money now, and then Feng Yu saw the new century financial company and wanted to buy it.

So Feng Yu came up with these negative news and prepared to buy shares in the new century financial company at a low price in the stock market, which is clearly a malicious acquisition!

Companies that have been maliciously acquired generally need to undergo management changes and fire a large number of employees. Feng Yu is harmful to everyone's interests.

But the paradox of the news is that many of the shares of the new century finance companies are in the hands of those shareholders and are not circulating in the stock market.

If Windstorm Holdings could acquire less than 50% of all the shares in circulation in the stock market, it could not form a de facto holding at all. To complete a malicious acquisition, those shareholders must be willing to sell their shares to Rain Holding Group.

In this way, Windstorm Holding Group will have to raise the acquisition price, which is also profitable for shareholders, they should support it, Feng Yu did not harm their interests.

It's because the stock price is now falling, but once it's really proven that Rain Holdings is buying shares in the new century, the stock price is likely to rise back any minute.

Who knows what Feng Yu's company, Feng Yu's company, what industry he does, what industry he makes money from, if he acquires a new century financial company, then this company must make a lot of money.

And that's when Ralph came out and said that Rain Holdings had bought some shares in a new century financial company, but they sold it quickly because they thought the company was going bankrupt and the stock was going to become scrap paper!

When it came out, it caused a sudden outcry. Especially the shareholders of the New Century Finance Corporation, who immediately publicly rebutted that the Rain Holding Group was cracking down on their stocks, clearly intending to buy them in bad faith, and they categorically disagreed.

And their company will not go bankrupt, and inviting investors to continue investing in their company's stock will certainly pay investors well.

But there are few people who believe that.

On one side is Feng Yu Holding Group, the world famous large integrated group company, or the investment god Feng Yu's enterprise. On the other side are the New Century finance companies, whose share prices are falling, and how they say it feels like they're dying to struggle.

Instead of falling faster in the new century, those shareholders were crying.

Last year, a lot of people wanted to buy shares in their hands, but none of them sold. Consider it a very good investment and make more profit for them in the future.

But the wind suddenly changed this year, and they themselves know that the company is losing a lot. Even if they had lost, they would have survived through stock increases or some more bonds.

But all of a sudden there was so much negative news in the media that they suddenly fell to the bottom.

They don't know when they have offended Windstorm Holding Group, or Feng Yu, why target them? They are just a financial company with a market value of less than $3 billion, which is worth mentioning compared to many of its subsidiaries.

After such a torment, their market value has fallen to only a few billion dollars, and depending on the trend, it will continue to fall.

At this point, they had to find a way to apply for a temporary suspension, stop the loss, and then find a way to get some good news and pull back the share price.

But they thought for half a day, and they didn't have much good news, unless they invested a lot of money to save the company. But that would take billions of dollars, but who has billions of dollars would invest in a company like this?

Since those negative news reports, their real estate credit default rate has exceeded 50%!

That means they have more than half the money, and they can't get it back. Lending by a legitimate financial company is not 100% profitable, more than half of the money can't be recovered, which means their money chain is broken.

They also saw that there seemed to be only one way for them to apply for bankruptcy protection, otherwise the worse things would become, the less valuable the company would be. Even if they are unwilling, there is no other way. Insolvency protection can also give them a chance to breathe a sigh of relief.

Under these circumstances, New Century financial companies had to apply to the courts for bankruptcy protection, when their company's share price had fallen to the bottom, with a market value of less than 100 million!

The New Century Finance Corporation announced that, within a month and a half, it would sell the vast majority of its assets, including loans, securitization interests, etc., as well as its stores, outlets, application centers, service platforms, etc., and also include equipment such as computers.

Of course, they have to fire more than 3,500 employees in one breath, but that does not include those brokers and staff dealing with mortgage matters.

In other words, some of their irrelevant staff, more than 3,500, can see how burdensome the company is. There are more than 55,000 brokers and staff working on loan-related matters, who are also assets of the company and of comparative quality.

In this way, shareholders' interests are guaranteed, and this pot is thrown out.

Who picks up the pan, no surprise, is the two-room group.

When he saw the news, Feng Yu finally revealed a relaxed smile. The plan succeeded and he could finally rest assured.

……