At this time, Wang Guanxi spoke to the two people on the phone: "Didn't you say that I had borrowed less than 100 million US dollars in credit? Now I have borrowed 300 million US dollars. You can slap yourself in the face, haha."

Gillah Amin and Ferroz Sanhavi will naturally not do it.

"Haha, it's just $300 million. I, Ferroz Sanhavi, can borrow $3 billion at any time. Are you worthy of pretending to be x in front of me?" Ferroz Sanhavi also yelled.

"Wang Guanxi, don't think that you can bid for the equity of Silicon Valley Bank with a credit loan of US$300 million!" Jilayu Amin also emphasized: "This Silicon Valley Bank belongs to our United Bank of India."

"Haha, $300 million, just stay there honestly!"

Wang Guanxi smiled: "I have been fond of Silicon Valley Bank for a long time, and I will grab it."

How could he give up Silicon Valley Bank to United Bank of India? This Silicon Valley Bank is also a pawn he has deployed in the United States.

Now the financial crisis is the best time to acquire banks. If you miss this period of time, the future will be difficult and you will need to spend more money.

This is why Wang Guanxi spent $750 million to acquire 50% of the shares of Huntington Bank from American International Group.

"Haha, grab it? How do you grab it?" Jilayu Amin laughed.

When Wang Guanxi shorted the Bank of America, he borrowed stocks. He didn't have enough money and mortgaged the shares of Huntington Bank, and borrowed $500 million from them.

Adding the original $320 million, the total debt is US$820 million.

"Wang Guanxi, sooner or later, you will be insolvent. You don't have any extra funds now. Don't want to steal the Silicon Valley Bank from me."

Many of the Silicon Valley Bank customers are high-tech companies, lending to high-tech companies. They are quite famous lending banks in the technology industry.

His family is also a consortium in India. It not only owns Indian overseas banks, but also has high-tech companies. It has invested in many companies in Silicon Valley in the United States.

This time, United Bank of India acquired Silicon Valley Bank, not only opening up the market in the United States, but also supporting family-invested technology companies.

Moreover, Silicon Valley Bank has an international professional team in the field of technology, which is what they need.

He is bound to win this Silicon Valley bank.

"Wang Guanxi, I'm sure you'll get it. If you don't have money now, don't make trouble. I'm going to bed, that's it."

Then the call ended.

Wang Guanxi fell into deep thought. Now he really has no spare funds.

He will not close short orders on Citibank, Wells Fargo, Bank of America, HSBC!

But now I am short of money and have a lot of debt.

He still owes Yongheng Bank HK$26.4 billion.

Bank of East Asia has $750 million.

Indian Baroda Bank, Indian Overseas Bank, and Indian United Bank of India $820 million.

The equity of Tengxun Group was mortgaged to Saudi Prince Alvad.

The equity of Huntington Bank is also mortgaged.

There is also Amazon's equity that has not been mortgaged yet.

But this Amazon shares have other uses.

Wang Guanxi will go to the United States to make a plan soon.

Investing in Twitter, Facebook, US WeChat whatsapp, Uber, Tesla, and Spacex companies also requires a lot of money.

But Wang Guanxi had no money, so he naturally needed to make a loan. He mortgaged Amazon's stock to the bank and then borrowed a loan to invest in the United States.

“No money now”

"This Silicon Valley bank is also very important to me, so I can't let Union Bank of India acquire it."

"You have to think of a way to continue borrowing money."

"Get up tomorrow and let Feng Shaokun and Li Mingbin talk to each other."

Then Wang Guanxi took a shower and went to bed.

January 18th, Sunday, 1:00 pm.

Wang Guanxi woke up, glanced at the news, and found that the data maker eurekahedge    pte released a report on the hedge fund industry.

He looked at it carefully.

At this time, the phone rang, which was the phone number of Dusti Franco, the head of the Asia-Pacific of Meisheng Group.

Connect.

On the phone, Dusti Franco said: "Mr. Wang, United Bank of India intends to acquire the Silicon Valley Bank under our Meisheng Group. I will call you to tell me."

"At present, they have communicated with our chairman, but I have told the chairman before that you plan to acquire Silicon Valley Bank, so you will bid with United Bank of India this time."

Wang Guanxi asked: "How much did they offer before?"

Dusti Franco: "What they gave is the market price, and our chairman, Mr. Bill Miller, thought of you."

Wang Guanxi said in a somewhat displeased tone: "If it weren't for Jirayu? Amin told me that the United Bank of India was going to acquire Silicon Valley Bank, I didn't know you were going to sell the equity of Silicon Valley Bank."

Dusti Franco said apologetically: "Mr. Wang, I only found out last night. It was very late at that time, so I didn't disturb you from resting. Today I will call you as soon as possible and tell you about this."

Wang Guanxi asked again: "Why do you suddenly want to sell Silicon Valley Bank?"

Dusti Franco sighed: "The losses have been very bad recently. A few major customers just asked for redemption of funds. In addition, our own self-operated assets have also suffered huge losses, so our Meisheng Group had to sell its assets."

Then he said: "Mr. Wang, do you know that the global hedge fund industry is suffering heavy losses now."

Wang Guanxi smiled and said, "Of course I understand. I read the report of the data maker eurekahedge     pte."

An industry report just released today shows that the global hedge fund industry suffered its biggest loss in history in 2008, reaching $350 billion, as the worst financial crisis since the Great Depression caused a sharp decline in returns, causing investors to withdraw funds.

Data provider eurekahedge    pte released a preliminary report today saying that about 90% of the above $350 billion in funds were lost in the three months ended November last year.

From a regional perspective, hedge funds investing in North America suffered the most losses, at about $183 billion.

At the end of 2008, the total global hedge fund industry fell by about 1/5 to 1.5 trillion US dollars from the previous all-time high of $1.9 trillion!

The hedge funds under Meisheng Group all suffered investment losses and investors drew their investments one after another.

Affected by the credit crisis, hedge fund lenders were forced to recover their loans, and some funds had to sell their assets at a low price.

Dusti Franco: "Now the global economic growth rate has slowed down, leading to the overall decline of the hedge fund industry. Everyone has fallen into a liquidity crisis. Our Meisheng Group has also suffered huge losses, and investors have redeemed it."

Wang Guanxi nodded: "Yes, especially the scandal of Wall Street's huge fraud on Bernard Madoff for scamming $65 billion has made many investors even more doubt the reliability of hedge funds."

Dusty Franco sighed: "We, Meisheng Group, invested in Bernard Madoff, lost more than a billion dollars, and then one of the companies we invested in, invested in Bernard Madoff, lost 80%!"

"This time we were cheated by Bernard Madoff."

“Combined with the massive redemptions from big customers, now we have to sell the assets.”

When Wang Guanxi heard this, he asked: "Does your Meisheng Group have any other good assets to sell besides Silicon Valley Bank?"

Dusti Franco replied: "Not yet. If there is, Mr. Wang, I will tell you the first time."

Then he said, "By the way, Mr. Jirayu Amin from the United Bank of India will come to us to bid tonight. Are you free to come?"

"Well, I will go there then." After the call ended, Wang Guanxi opened the stock price trend chart of Silicon Valley Bank.

Silicon Valley Bank's share price is $22 per share, while the total share capital is 54 million shares, and its market value is currently $1.188 billion.

If you want to acquire 50% of the equity, it will cost about US$600 million based on the market price.

Now there is United Bank of India to bid, which requires more money.

This is the tm, Wang Guanxi has no money now.
Chapter completed!