"Jia Yapeng chose to cut his losses!" This was the worst news Rector Morgan had received.
According to the insider, Jia Yapeng had already talked to the biggest shareholders of Lace. He had a very helpless and painful expression on the phone. The Daqian did not expect the trouble caused by this additional power standard test, causing the construction of the power station to be delayed by more than five months.
This time could not be recovered at all, and the Daqian would inevitably breach the contract.
If other troubles that might arise in the future were taken into account, it was very likely that the three-year construction period would be extended to four years. In this way, the Daqian's loss would exceed 50 billion US dollars.
Considering such a situation, the Daqian could not bear it, so they decided to cut their losses, give up all the previous investments, and then return the funds invested by various companies to them, give them a 4% interest rate, and let everyone part on good terms.
If the shareholders present had no objections, the Daqian would hold a shareholders' meeting in a few days to announce the result.
The automobile companies that participated in this discussion could only express their helplessness, and then hope that the Daqian would abide by their promises, pay the agreed liquidated damages, and return all the capital. Everyone could understand the Daqian's suffering and situation.
But Rector Morgan couldn't accept it. He had worked so hard to set up such a monstrous situation. The purpose was to drain the Daqian's blood, but the Daqian cut their losses. How could this be!
And with today's incident, the Daqian would probably avoid the United States market like snakes and scorpions. They would not dare to touch the United States market easily no matter what. Morgan would never be able to drain the Daqian's blood. This was f * cking terrible.
And for this plan, Rector Morgan had invested nearly 2 billion US dollars. Although the loss was only 120% of the Daqian's, it was a real loss. It would have a fatal impact on Rector Morgan's prestige, which was absolutely unacceptable.
The Daqian had to stay and continue to change the power station. Otherwise, the Morgan Consortium would lose face!
Therefore, after this conversation with the Daqian, the audit committee directly informed the Daqian that the power station had passed the audit, and all the equipment seized by the customs had been released. All the power stations of the Daqian would be given the green light by the customs in the future.
All the automobile manufacturers were overjoyed when they heard the news. They tried to persuade Jia Yapeng, even though it was one or two months later than planned.
However, with the hardworking spirit of the people of Hua Xia, this difficulty could be completely overcome. Jia Yapeng must not give up. After all, the loss was 40 billion yuan!
Therefore, the Daqian government also recovered, and the construction of the power station, which had been delayed for a month or two, began to operate on its own again.
Rector Morgan also decided to wait patiently. When at least half of the power stations were built, he would delay the remaining half by various means, delaying the construction time of the Great Qian Dynasty, and slowly bleed.
As a result, the construction of the power station passed very smoothly for two months. In March 2008, Rector Morgan, who had been paying attention to the Daqian, had to shift his attention to other places.
On July 16 last year, Bear Stearns, the fifth-largest investment bank on Wall Street, closed two of its hedge funds, which directly caused investors to lose 1.5 billion US dollars.
However, this matter did not enter Rector Morgan's eyes. After all, it was normal for hedge funds to lose money. There was nothing to be surprised about.
But in March this year, a huge liquidity crisis broke out in Bear Stearns Bank, which made Rector Morgan, who had a keen sense of smell, immediately smell an opportunity.
An opportunity to acquire Bear Stearns.
So Rector Morgan began to fully control the plan to acquire Bear Stearns, and once Bear Stearns was seen by the Morgan Consortium, it was obviously the end.
At the beginning of March, the company account could not take out a penny, and Bear Stearns' capital chain completely broke and went bankrupt.
On March 14, the Federal Reserve announced an emergency emergency fund for Bear Stearns. This was the first time the Federal Reserve provided emergency rescue funds since the United States' Great Depression in 1929.
But the problem was that the money was not directly given to Bear Stearns, but to Morgan Bank. Why give it to Morgan Bank? Because the management of Bear Stearns was completely rotten, and their board of directors was also rotten. The board of directors of Bear Stearns was obviously unable to run the company. No matter how much money was given to them, it would be a waste.
So it was better to give 30 billion US dollars to Morgan Bank, and then ask the powerful Morgan Bank to acquire Bear Stearns to alleviate the crisis caused by Bear Stearns and take over all of Bear Stearns' businesses.
So on March 16, Morgan Bank announced that it bought the entire Bear Stearns Bank for only 236 million US dollars, with an average value of 2 US dollars per share.
Bear Stearns' stock price was 147 US dollars per share at its peak. The difference between the two was 70 times.
Even when it was on the verge of bankruptcy, Bear Stearns was valued at 10 US dollars per share, but Morgan bought Bear Stearns for only one-fifth of the price, and also received an emergency bailout of up to 30 billion US dollars per year.
[PS: I didn't make this up, it really happened in history. Morgan swallowed the entire Bear Stearns in such a ridiculous way.]
Even a fool could see how exquisite this series of operations was. Of course, it was also very energy-consuming. Anyway, Rector Morgan had been busy with this matter for almost the entire month of March. He had constantly socialized with various people, met many people, promised many benefits, and finally completed this transaction that shocked the world.
This transaction also greatly increased Rector Morgan's prestige within the consortium, so he took the opportunity to begin all kinds of disintegration within the consortium, seize power, and kill many opponents. Everyone was his own people, and his position was as stable as Mount Tai.
But when all this was done, it was already July 2008. At this time, Rector Morgan had already smelled a trace of something wrong.
But Rector Morgan still had to pay attention to the Daqian.
As a result, it didn't matter if he didn't look, but when he did, he was shocked. The construction progress of the Daqian's power station had exceeded 50% and reached 51%.
"These Hua Xia people are terrifying. Their progress is so exaggerated. They also said that the whole construction process was expected to take two and a half years, but it only took half a year to reach 51%. Doesn't this mean that all the power station construction will be completed by the end of 2008?!" Rector Morgan felt a headache. The Daqian was too cunning. They took advantage of the fact that he was busy with other things to surpass him by so much. This made Rector Morgan's balls ache.
"But it doesn't matter. The progress has reached 50%, which means that the Daqian has invested at least 100 billion US dollars. It's impossible for him to cut his losses now, and I can start bleeding him!!" Rector Morgan showed a vicious smile.
God knows, in the past year, not only did he not obstruct the Daqian, but he also kept spending his own money to provide all kinds of help to the Daqian. What a disgusting thing!
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