New Century Financial Company had followed the same path as in Feng Yu's previous life, and this had set an example for other similar companies. That is, when the company goes bankrupt, the government will find a way to take over.
In Feng Yu's previous life, New Century Financial Company was not taken over by Fannie and Freddie Group. But in this life, the situation has changed. Maybe it is because of the negative news in this life, and other companies do not dare to take over.
Fannie and Freddie Group not only took over New Century Financial Company but also many other similar companies. Of course, the specific negotiations are still ongoing, and these negotiations are mainly to protect the interests of those investors.
These investors are not those who bought stocks or bonds in the financial market, but the major shareholders. As for those small investors, Feng Yu and Freddie Group do not care about them.
But at this time, Feng Yu is not looking at Fannie and Freddie Group. Even if such a big company wants to go bankrupt, it will take some time.
Feng Yu only asked Ralph and the others to continue to dig out the negative news of those small real estate finance companies, making the sub-prime mortgage crisis more severe, and Fannie and Freddie Group sink deeper.
If Fannie and Freddie Group only took over one or two companies, they might survive this crisis. But as the saying goes, don't worry about scarcity, but worry about inequality. This is also applicable in the US.
The US government cannot order Fannie and Freddie Group to help New Century Financial Company, and then ignore the other real estate finance companies.
This will make Fannie and Freddie Group fall into a predicament, and when they react, the non-performing assets will be too big to sell.
At this time, Feng Yu is looking at Tongtong Motors in the US, which is still the world's number one automobile company.
In Feng Yu's previous life, it was also because of the sub-prime mortgage crisis that caused Tongyong Motors to go bankrupt. In the end, the US and Canadian governments intervened and allowed Tongyong Motors to start afloat again. Tongyong Motors also made many sacrifices, like selling off their joint venture shares in China.
… …
"Mr. Malfoy, we, Wind and Rain Holdings Group, are very sincere. Your company is now in a debt crisis, and selling Hua Xia's shares to us can greatly relieve your pressure. "
"Also, no company has as much cash as our Wind and Rain Holdings Group. They can only pay part of the cash at most, and then give us some shares or pay in installments. This won't solve the problem for you."
"If your company is willing, you can sell some of your brand assets to us at the same time. This can also reduce your expenses and help you reduce your losses."
Ralph crossed his legs with a confident smile on his face.
Feng Yu was right. The world's number one automobile manufacturer had a problem with the same car. Otherwise, the CEO of the other party wouldn't have come to him personally after he got someone to hint to him.
"Ralph, Hua Xia is the most important automobile market in the New Era. Hua Xia is also the market that we are most optimistic about. In order to enter the Hua Xia market, we did not hesitate to accept the extremely harsh conditions of the joint venture. Moreover, we are also the top car manufacturer in Hua Xia."
"We have never intended to sell these shares. Also, the joint venture company has been making money."
Ralph interrupted Malfoy. "You are saying that we will only consider selling our loss-making businesses? Then why should we buy these shares? You all need cash to save your other businesses, and everyone will dump their debts. But no one is willing to do this. "
"Although our Wind and Rain Holdings Group is rich, we are not idiots. Also, another subsidiary of our Boss's company, Bing City Machinery Manufacturing Group, is the biggest automobile manufacturer in Hua Xia. Your Shanghai Tongyong's sales are less than a quarter of Bing City Machinery Manufacturing Group's. Also, Volkswagen, Toyota, and Shanghai Motors also have joint ventures in Shanghai. "
"But all these combined cannot be compared to Songjiang Motors. Furthermore, Bing City Machinery Manufacturing Group still has Oriental Deer, Little Elf, and other sub-brands. Do you all believe that we do not need anyone's help and can make your Shanghai Tongyong's sales drop this year? "
Malfoy was furious. This Ralph is too arrogant. What does he mean by this? If we don't sell our shares, you all will suppress us?
That is a joint venture automobile manufacturer, and the state owns two-thirds of the shares. Feng Yu dares to suppress Hua Xia's automobile manufacturer? Is he not afraid of Hua Xia's government looking for trouble?
But if this is a normal business competition, they can't say anything. But if Feng Yu really does this, it will be even worse for Tongyong.
It's just like what Ralph said. It's not that no one is interested in Tongyong's shares in Hua Xia's joint venture. But that party does not have a lot of money and wants to buy the shares with installments. How can they do this?
Tongyong wants cash to help the head office tide over this crisis. Hua Xia's shares are making profits, and the installments and shares might be a lot, but it's useless.
Feng Yu knows Wind and Rain Holdings Group has enough cash now, and that's why they approached them. They had also considered the possibility of increasing their competitors' strength, but they have no other choice.
Also, Feng Yu intends to sell all their non-US brands to ensure they do not lose the US market share. With the increase of their market share in South America, they will still be one of the world's top automobile manufacturers.
"Mr. Ralph, there are other companies interested in acquiring our Hua Xia joint venture automobile manufacturer's shares. We do not only have one choice."
"Of course, we should consider Wind and Rain Holdings Group first. But this is not absolute. As for the acquisition of our other sub-brands, it's not impossible. We are also interested in selling some of our sub-brands' shares, including some wholly owned sub-brands. "
"How about this? I will prepare a list for you, and you can contact me if you are interested."
Ralph laughed. "There's no need to be so troublesome. You all have close to 30 brands, and we are not interested in many of them. I have also prepared a list of the brands we are interested in. Take a look and give me your reply. "
Malfoy is stunned. What does this mean? Could it be that Wind and Rain Holdings Group had wanted to acquire Tongyong? Tongyong had always been the world's top automobile manufacturer. How do they know Tongyong is facing financial difficulties?
Malfoy gave Ralph a long look before leaving with the catalog.
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