"Don't you need to go to Wind & Rain Consulting today?" During breakfast, Zhou Kexin asked Feng Yu.
During this period, Zhou Kexin was very happy. Feng Yu had to focus on his financial investments and had spent most of his time in Hong Kong.
"I don't need to go today. I had sold all the stocks that should be sold, and I need to sell the remaining stocks slowly. If not, the prices will be affected."
Feng Yu and the rest had invested in a lot of crude oil futures contracts. If they sell a large number of crude oil futures contracts, the prices will not drop so much.
The more the price falls, the higher the profits will be when the price rises in the future.
During this period, Feng Yu does not need to keep an eye on them. Even if there are any drastic changes in the prices, they will be able to sell the contracts in time. Although the profits will be lesser, they will not suffer any losses.
Feng Yu is such a person. When he is busy, he can stay up all day and night in front of his PC, giving out all kinds of instructions.
But after he is done with his work, he will become more relaxed. Basking in the sun, fishing, playing ball games, swimming, and so on were all fine. Even reading novels or playing online games for a while would be extremely carefree.
Today, Feng Yu plans to go bowling with Fu Guangzheng. Although he does not know how to bowl, it is fun to play occasionally.
"Are you really going to be the controlling shareholder of < Forbes >?" Zhou Kexin felt this is not real. That is < Forbes >, and they are not making losses. It is already rare for them to exchange shares with you, and why would they agree to let you be the controlling shareholder?
Feng Yu wiped his mouth and leaned back in his chair. "Didn't you say that you want to be the Chief Editor of the world's biggest business magazine? This day will not be far away. When < Forbes > and < Wind and Rain Business Magazine > merge, it will be your dream come true. "
Zhou Kexin is very excited. She felt Feng Yu is doing this for her. In order to acquire a company's stock that was not losing money, one would definitely need to pay a premium price. Many times, one might not even be able to recover their capital even after five to eight years.
Although this amount of money was nothing to Feng Yu, even if others took out this amount of money, they wouldn't be able to do this.
After dinner, a chauffeur sent Zhou Kexin to work. Looking at the time, Feng Yu asked the chauffeur to send him to the arena.
Pa!
Feng Yu shook his head. He missed again.
He was not as good as Fu Guangzheng at bowling. Even if Wen Dongjun was here, he could also use his strong arms to beat him.
After playing for a while, the two of them sat on chairs to rest. There was no one else in the stadium. This bowling alley was owned by Fu Guangzheng's cousin, and Fu Guangzheng had booked it.
Feng Yu does not like strangers around him, and Fu Guangzheng also does not like strangers around him.
"Feng Yu, I will be going to the UK tomorrow. I am interested in a few companies there. Their share prices had plunged, and I want to acquire them." Fu Guangzheng wiped his sweat and said.
"What type of company?"
"Retail. Chain shopping malls. We have more than 80 branches in the UK, and some in France and Germany. There are more than 100 branches, and their market value is less than 1 billion GBP. "
"I plan to buy it for a billion pounds. This way, not only will we be able to expand our retail business, but I'm also confident that it will be able to recoup the cost within ten years. After integrating with our family's business, it will bring me no less than 150 million pounds a year."
Feng Yu raised his brows. This company's profits were very high. Why would anyone sell such a company?
What Fu Guangzheng meant was that the company's profits were more than 100 million GBP annually, and the company's value will rise within 10 years. Fu Guangzheng had made a good deal.
But why would the shareholders sell such a good company?
If it was Feng Yu, he would surely not sell. This company's profits were stable, and it was suitable for the next generation. Even Warren Buffett, who had been investing in the financial markets, had invested in many companies.
This was because Warren Buffett knew that if he placed all his funds in the financial markets, he would not have the chance to make a comeback during the financial crisis.
Fu Guangzheng saw the puzzled look on Feng Yu's face, and he laughed and explained: "The major shareholders of that company had lost a lot of money during the financial crisis. They need cash to cover their losses, and there are not many people who can easily take out 1 billion GBP. I am one of them, and I had worked with that company in the past. I am also considered a friend of their shareholders."
The advantage of this deal was that both parties trusted each other, and there was no need to worry about the other party cheating them. Also, Fu Guangzheng must have wanted to acquire this company for a long time and knew a lot about it. He will not suffer any losses.
Actually, if the other party was not in a hurry, Fu Guangzheng was not confident that he could acquire this company at such a low price. He might seem to be acquiring this company at a premium, but he had estimated the value of this company, and it was more than 1 billion GBP.
Fu Guangzheng had gotten a bargain from this deal. Based on Fu Guangzheng's expectations, even if the other party had offered 1.2 billion GBP, he would still acquire this company. He was confident that he could acquire this company.
The Fu Family was a retail tycoon, and if they could acquire this company, it would be beneficial for the Fu Family to expand their retail channels. They could also use this opportunity to enter the UK market. The Fu Family had been eyeing this market for a long time.
"You are lucky. It is not easy to acquire this kind of company at this time."
Feng Yu had arranged for Ralph and the rest to acquire many companies during this period. But those companies had high debts and were incurring losses.
If it weren't for the integration of those businesses, which was very important to Feng Yu, Feng Yu would not even consider it.
Feng Yu also wanted to expand his retail channels. Although it was fine to work with the Fu Family, Feng Yu does not want to work with them forever.
Furthermore, this was the best time to expand. In the future, he could integrate with the online shopping mall. At least, he could cut down on the warehousing, distribution channels, etc. This way, the loss-making companies in the hands of others could make money in Feng Yu's hands.
Feng Yu was more concerned about the cash reserves of this retail company. The cash reserves were high, and it was very important to someone who was good at investing. This way, when Feng Yu made investments in the future, he does not need to set aside a lot of risk reserves and could get higher profits.
While both were chatting, Feng Yu's phone rang. He answered and said a few words, and then he stood up abruptly.
"Feng Yu, what happened?" Fu Guangzheng asked out of concern.
"Hahaha, good news, good news indeed! Guangzheng, you can be the godfather now! "
Fu Guangzheng's eyes brighten up. "You are saying that Ms. Zhou is pregnant?!" When Feng Yu's children were born, he had wanted to be the godfather.
Feng Yu nodded. He could finally let go of the burden in his heart.
… …
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