The next morning, the Wall Street Journal urgently printed an additional 20,000 copies, but it was still sold out in a short amount of time.
The reason for this situation was because of two names – Future Technology and First B City Bank.
For a period of time, these two names occupied the major newspapers, magazines, portals, and forums in the United States. The former was caught in the maelstrom of anti-trust investigation and completely suspended its operations in North America. The latter, because of the leak of depositor information, had its stock price and depositor count plummet.
It wasn't hard for people to see the connection between the two events.
Future Heavy Industrial was involved in the Saudi freshwater project, while Matrix was controlled by B City Bank and Boston Scientific (NYSE: BSX). Both companies were owned by B City Consortium. With this in mind, the context of the entire incident was clear.
Jiang Chen touched the cake of B City Consortium, and B City Consortium bribed Blue Seagull to smear Future Group's name and opened the prelude to the war.
Irresponsible speculation, with the control the consortia had over the Congress, the Department of Justice's anti-trust investigation on Future Technology was most likely the work of B City Consortium. And the hacking of B City Bank was most likely the work of Future Technology since they were experts in the technology field and could even create artificial intelligence.
But last night, the two companies simultaneously made an announcement on their official websites that they would cooperate in the virtual reality financial field to pave the way for the upcoming virtual reality shopping. The moment the news came out, all the rumors were destroyed. B City Bank's stock price also increased by 6% on the day of the announcement.
Since the depositor information was leaked, it was the first time such a large rebound occurred!
Not only VR + finance, Future Heavy Industrial separated the freshwater project's production and supply to form a subsidiary, High Tech Ocean Freshwater Supply Company. With a registered capital of 400 million USD, 19% of the shares would be exchanged for 20.8% of Matrix's shares, replacing the Lodge family as the largest shareholder of Matrix. The two companies would cooperate in business. Matrix would use its own resources to obtain orders while Future Heavy Industrial would be responsible for processing the orders.
For Future Heavy Industrial who only had technology, acquiring Matrix was without a doubt the best choice.
At the same time, High Tech Freshwater would be listed on NASDAQ with the First B City Bank providing the necessary procedures.
The listing of High Tech Freshwater would become the first public subsidiary of Future Group. The investors on Wall Street were full of expectations. According to the estimates of Wall Street analysts, the freshwater project with Saudi Arabia would bring at least 400 million USD annually to the newly established company! Considering the huge freshwater market in the Middle East, this number was likely to more than double!
According to the P/E ratio of 15 times, this company with a registered capital of only 400 million USD would have a market value of more than 6 billion USD! And a year after it was listed, it was soaring towards 10 billion!
Such a high investment value naturally made countless investors drool.
With the assistance of the B City Consortium, the high-tech freshwater was green-lit all the way. With the support of the consortium and the enthusiasm of the investors, the originally lengthy approval process was not a problem at all.
As to why Jiang Chen suddenly changed his mind, it was because of Carson Loki's words.
The two had already reached a consensus on the cooperation project, but Jiang Chen objected to the listing of High Tech Freshwater. The reason was simple. He was very optimistic about the future of the freshwater business. Future Group didn't lack money and didn't need to go public to make money.
"Saudi Arabia is a strategic ally of the United States. Even without our interference, your business in the Red Sea would not be peaceful."
"Why?"
"Because of the United States' military presence in the Middle East." Carson smiled. "Mr. Jiang has experience in 'running business' in Iraq, am I right?"
"That's right." Jiang Chen nodded.
It wasn't something worth hiding. They could easily find his footprints in Iraq and Kane. A lot of intelligence organizations considered these experiences as Jiang Chen's experience in the "organization." It was because of these experiences that he was promoted from an offline member to the leader of the "organization."
If Jiang Chen saw the CIB's analysis of him, would he laugh out loud?
"Whether it's IS or other terrorist organizations or pirates, they are all inextricably linked to us. This link is not only reflected in the rifle and bullets in his hands coming from Maryland, but also reflected in the Capitol and Congress' control of them to a certain extent. When necessary, they can help the UA get rid of people that shouldn't exist. When necessary, they can provide an excuse for unnecessary wars. "
"I kind of understand what you mean." Jiang Chen shrugged nonchalantly. "You mean I'm afraid of pirates?"
"Of course not," Carson shook his head. Carson shook his head. "According to the Pentagon's report, among all the dictators, your armed forces are probably the strongest. But do you think Saudi Arabia will allow you to station troops in their country? Just because of a freshwater project? "
Jiang Chen narrowed his eyes. This time, he finally understood what Carson meant.
Of course, the UA wouldn't do it themselves, but they would acquiesce to pirates or other organizations attacking the desalination platform. They would even secretly buy the "trophies" they obtained and bring them back for careful study.
At this time, Celestial Trade would be in a very passive situation. Launching military operations overseas was not only a test of military strength, but also diplomacy.
"I don't understand. What does this have to do with going public?"
"If we go public on NASDAQ, even if only 10% of the outstanding shares are listed, it will dispel the Capitol's hostility toward us."
When Carson said this, he used the word "we." After signing the equity exchange agreement, he became one of the shareholders of High Tech Freshwater. The proposal was naturally made from the perspective of High Tech Freshwater.
But if it went public on NASDAQ, High Tech Freshwater's situation would be completely different. Even if it was to protect the interests of domestic investors, the Capitol would be cautious about the option of "playing dirty behind the scenes."
The actual controller of the company would still be Future Group. From any perspective, going public on NASDAQ was the best choice for High Tech Freshwater. Therefore, Jiang Chen agreed to Carson's proposal on going public and determined that the liquidity would account for 15% of the total share capital.
After going public, the equity structure of High Tech Freshwater would be 70% owned by Future Heavy Industrial, 15% by B City First Bank, and 15% by liquidity. For the freshwater project, Future Heavy Industrial still had unshakable power.
Also, the subsidiary's IPO would bring at least 1 billion USD in one-time revenue for Future Heavy Industrial!
On the other hand, with the cooperation between Future Group and B City Consortium, Blue Seagull, who was treated as a pawn by the latter, was in an awkward situation.
Without the support of capital, they couldn't even afford a lawsuit.
The cost of the International Court of Justice and attorney fees was not low. After all, the court was not a charity organization. Even if Blue Seagull was a non-profit organization, they still had to pay the necessary fees. Future Group didn't seem to want to make a quick decision. They directly dragged two truckloads of documents to the court as if they wouldn't stop until the lawsuit took five to six years.
[You want to play? Then I'll play with you to the end!]
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