The Great Sage Returns from Ten Years of Imprisonment
Chapter 257 Struggle and Cooperation
After chatting with Director Li and the others for a short while, the conference room door opened again, and Vice President Wang and others walked in, chatting and laughing.
Everyone turned to look at the doorway, and then stood up in unison.
Vice President Wang waved to everyone, smiled, and said loudly:
"Please have a seat, everyone. We're a bit rushed today; I have to attend a foreign affairs event later. Let's get straight to the meeting."
"Okay, boss (SZ)"
Everyone nodded in unison and sat down.
In a few steps, Vice President Wang walked to the head seat of the conference table and sat down directly.
As soon as he sat down, he quickly scanned the room and nodded to everyone in greeting.
After circling around, his gaze finally settled on Ling Yun's face.
"Xiao Ling, you once said that if Yuanda Group wins the bet against Goldman Sachs and Barclays, these two top international financial institutions are very likely to default on their debts and refuse to pay compensation."
"You probably guessed right. You were incredibly astute! According to the feedback from Yuanda Group, the first round of negotiations with Goldman Sachs and Barclays failed to achieve any results."
"During these negotiations, representatives from Goldman Sachs and Barclays refused to discuss compensation, and their attitude suggests they are determined to default on their debts."
"If this really happens, how should we deal with it? No one knows more about this stock index options bet than you. With your meticulous approach, you should already have a strategy in place. Tell me about it."
"Hahaha"
Everyone chuckled in unison and nodded in agreement, deeply resonating with the sentiment.
Everyone is somewhat familiar with Lingyun's work style.
I know that Vice President Wang is absolutely right. Lingyun always plans things out meticulously and acts only after careful consideration. He never fights a battle unprepared.
In the international financial market and the international crude oil futures market, he even employed military strategy, demonstrating a degree of mastery over warfare, which amazed everyone!
Under everyone's admiring gaze, Ling Yun stood up from his chair.
"Thank you for your kind words, SZ. I am truly undeserving!"
After a few polite words, he immediately got to the point.
"Since SZ has given me this opportunity, I will humbly offer my thoughts. If there are any shortcomings, I hope SZ and the leaders will offer their criticism and corrections."
His words were met with another round of light laughter from the audience.
This little fox is so clever and incredibly strong, no wonder it's thriving!
While everyone was secretly marveling at this, Ling Yun began to speak eloquently.
"It was expected that Goldman Sachs and Barclays would try to default on their debts and refuse to pay out for losses in stock index options betting. This is their consistent style; they can only fleece others, never be fleeced themselves."
"In fact, given that Goldman Sachs and Barclays are deeply mired in the financial crisis, they would find it difficult to bear such staggering compensation liabilities. If they were to pay in full, the companies could go bankrupt."
"However, it's not so easy for them to renege on their debts. With a written betting agreement in place, they first need to pass the regulatory scrutiny of the Hong Kong Monetary Authority and the Securities and Futures Commission."
"Unless they are willing to withdraw from the Hong Kong financial market, it will be difficult for them to lie through their teeth and completely overturn the betting agreement witnessed and signed by the Hong Kong Monetary Authority and the Securities and Futures Commission."
Upon hearing this, Vice President Wang interjected with a smile.
"Heh, did you anticipate that Goldman Sachs and Barclays would default on their debts, which is why you had the Hong Kong Monetary Authority and the Securities and Futures Commission jointly witness the transaction, effectively blocking their escape route in advance?"
"SZ has a keen eye. That's exactly what I think. I don't trust those foreign devils on Wall Street at all."
Ling Yun chuckled and made a few joking remarks.
"Hahaha"
The meeting room erupted in laughter; everyone burst into laughter.
Amidst the laughter, applause also filled the air.
"They anticipated the enemy's moves perfectly; this was handled brilliantly, and it's so satisfying to hear about."
"That's right. These guys on Wall Street only keep their word when it's in their favor. Once things turn against them, they won't keep a single word."
As usual, Ling Yun exchanged a couple of polite words before quickly getting back to the main topic.
"Since Goldman Sachs and Barclays have shown their intention to default on their debts, Yuanda Group must fight back and do everything in its power to protect its own interests from damage."
"While establishing this general direction, we must also consider the specific circumstances of the situation, and avoid pushing Goldman Sachs and Barclays into a dead end where paying compensation would inevitably lead to bankruptcy."
"In that case, Goldman Sachs and Barclays will have no choice but to default on their debts. We can give them more options and force them to return to the negotiating table and discuss quid pro quo with us."
Vice President Wang's eyes lit up suddenly, and he nodded approvingly.
"The idea of 'exchanging benefits' is excellent; it implies seeking cooperation amidst struggle. Could you elaborate on how this exchange of benefits would actually take place?"
Ling Yun looked at Vice President Wang and continued her performance with full confidence.
"Take Goldman Sachs as an example. Yuanda Group doesn't need to pursue Goldman Sachs to pay the entire compensation in cash. Instead, it can proactively propose that if Goldman Sachs is willing to use some of its equity holdings as compensation, we can consider offering a significant discount."
Goldman Sachs holds numerous high-quality listed company stakes, such as a 4.99% stake in ICBC, controlling stakes in several strategically valuable news media outlets, and stakes in the world's three largest iron ore giants.
"Since the outbreak of the financial crisis, ICBC's stock price has fallen by 30%. Taking advantage of this opportunity, we can buy back some of the ICBC shares held by Goldman Sachs, and also reduce the possibility of Goldman Sachs causing trouble in the A-share market."
"On July 13, 2006, bank stocks were collectively dumped, causing a sharp drop in A-shares that day. Goldman Sachs was involved in this, and such an event alone is enough to raise our vigilance."
"Goldman Sachs' stakes in the world's three largest iron ore giants are of extremely high strategic value. If we can seize this opportunity to acquire a portion of the shares in these three giants, it will greatly benefit the security of domestic iron ore supply..."
As they talked, only Ling Yun's clear voice remained in the meeting room, and no other sounds could be heard.
The group of people who had been whispering stopped talking and listened attentively.
Vice President Wang and Director Li, who knew Ling Yun quite well, were full of admiration and nodded repeatedly.
Those attendees who were not very familiar with him looked at him in shock, some even finding it hard to believe.
This guy is a monster!
He is not only a rare investment genius, but also has a strategic vision and a strong overall perspective when it comes to problems and actions!
No wonder he can stand here and talk so fluently at such a young age. If it were other people his age, they would be doing very well if they didn't get tongue-tied in this situation!
The small meeting ended about an hour and a half later.
At this meeting, a general plan was discussed and agreed upon regarding how Yuanda Group would pursue its debts from Goldman Sachs and Barclays.
Tonight, this plan will be issued to Broad Group through the Shanghai State-owned Assets Supervision and Administration Commission, and then handed over to Broad Group's Hong Kong Island branch for implementation!
Tomorrow morning, a negotiation guidance team composed of personnel drawn from the State-owned Assets Supervision and Administration Commission and the People's Bank of China will fly to Shanghai.
Then we met with Chairman Zhao and General Manager Wang of Yuanda Group to discuss and finalize the specific details of the debt collection plan.
Once all the details of the debt collection plan are finalized, the negotiation guidance team will fly to Hong Kong Island to work behind the scenes, directing Yuanda Investment in subsequent negotiations with Goldman Sachs and Barclays.
Ling Yun, who was staying in the capital, continued to remotely control and direct related operations, just like before!
After the meeting, Vice President Wang called Ling Yun to the lounge next door and had a private talk with him.
The door closed, and Vice President Wang said with a smile:
"Xiao Ling, the thing you mentioned before, about finding a way to get Goldman Sachs to give up its controlling stake in those media resources and compensate Yuanda Group, is something that can be done."
"But this matter can only be handled by Yuanda Group. Your Siyuan Capital cannot be exposed, as that could easily alert Goldman Sachs. You can remotely direct things from behind the scenes."
"If Broad Group successfully acquires controlling stakes in news media outlets such as Globe Television, and then uses other means to achieve your goals, that would be much safer."
Ling Yun's face lit up with joy, and he nodded hurriedly.
"Thank you for your trust, SZ. If we can successfully secure these media resources, we'll definitely make a fortune!"
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