Reborn Xiangjiang as a Tycoon

Chapter 662 Profit, bachelor party (two in one)

After the working day arrived, Lin Baicheng entered work mode.

Lin Baicheng's companies in the United States are located in Los Angeles, New York and Silicon Valley.

Among them, New Century Software Company, Starlight Company, Morningstar Pictures, Venus TV Company, and Galaxy Game Branch are located in Los Angeles; Golden Fleece Company, Marvel Comics, and Pioneer Technology Venture Capital Company are located in New York; Galaxy Semiconductor, Microsoft Corporation, Microsoft and New

Shiwei Software, a joint venture between Century Software, is located in Silicon Valley.

Although Sun Electronics Communications Company's current office is in Los Angeles, the company has purchased a piece of land in Silicon Valley and is currently building its headquarters and R&D laboratory. After completing the acquisition negotiations with Bell Labs, it will even need an office location.

Move to Silicon Valley.

Companies such as Sun Electronic Communications and Galaxy Semiconductor moved to Silicon Valley mainly to facilitate the recruitment of talents. R&D companies have a relatively high demand for talents.

In the first four days of this week, Lin Baicheng stayed in Los Angeles, working in various companies, handling official duties, and inspecting various enterprises.

As of Thursday, all the long oil futures orders operated by Vivien Kelly were closed. Because Lin Baicheng asked her to start closing the positions above US$30 per barrel this time, the remaining US$1 billion long orders were profitable.

Quite abundant.

US$13.1 per barrel is the cost price, while the average price for closing long orders is US$32.4 per barrel, an increase of 147.33% and a profit of US$1.4733 billion.

Of course, this cannot be the net profit of Golden Fleece Company. These profits must also deduct the interest, taxes, handling fees of leveraged financing, and bonuses to the entire operating team. Finally, it is the profit of Golden Fleece Company.

Of the US$1 billion long order, US$380 million is the principal of Golden Fleece Company, and the remaining US$620 million is leverage financing. The initial financing started around mid-August last year, which lasted a little more than seven months.

.

Therefore, the interest on leveraged financing is nearly US$33 million, and after deducting handling fees, the remaining profit is US$1.44 billion.

Next comes the tax on the bulk. Among the remaining long orders this time, there are 500 million US dollars of long orders that did not use offshore company accounts, but opened accounts in the United States, so the tax will be relatively high.

The reason for doing this is mainly to avoid being reported, because it is easy to find out that Golden Fleece Company is doing long oil futures. If all offshore companies are used, although there is no legal problem, there is basically no tax paid, which can easily attract the IRS.

(IRS) attention, it is easy to be targeted by the IRS.

Therefore, under the advice of Vivien Kelly, among the long orders that were initially opened, 500 million US dollars of long orders were opened locally.

Although it is only a long order of US$500 million, the amount of tax to be paid is as high as US$172 million. The local tax is so high, which is why so many financial institutions like to use overseas offshore companies to open accounts.

Of course, the tax amount of 172 million U.S. dollars does not have to be paid in full. It can also be deducted, and ultimately a little more than 40% of the tax amount will be returned, which is about 70 million U.S. dollars.

Of course, the US$70 million is not a cash refund to the Golden Fleece Company, but a tax avoidance by the Golden Fleece Company through consumption, investment, etc., and these taxes will be in the name of the Golden Fleece Company.

Lin Baicheng will transfer US$1.1 billion of the remaining US$1.268 billion in cash after tax deductions, and the remaining US$168 million in cash and US$70 million in taxes will be retained by Golden Fleece Company for investment.

operate.

Counting US$168 million in cash and US$70 million in tax refunds, Golden Fleece Company's current operational funds have reached nearly US$800 million. If the book floating profits of stocks, bonds and other investments are included, Golden Fleece Company's total assets have reached

That's over a billion dollars.

Golden Fleece Company is located on Wall Street, this is the United States. Lin Baicheng will not let this company have too many assets, otherwise he will not withdraw 1.1 billion US dollars in cash. When the company's assets reach billions of US dollars, he will

It will take away part of the company's funds.

In this way, even if something happens to the Golden Fleece Company, Lin Baicheng's losses will be limited and he will not be blamed all at once.

Of course, in this case, Lin Baicheng is not without losses. The less the principal invested, the less returns he will get. But there is nothing that can be done. Compared with more returns, safety is obviously more important.

The same is true for the long orders in oil futures, but not all the long orders on Galaxy Bank have been liquidated. Currently, nearly 80% of the long orders have been liquidated, and there are still a little more than 20% of the long orders that have not been liquidated. Fortunately, the current oil price has not reached every level.

With the barrel at a height of $35, Yuan Tianfan still has time.

Furthermore, even if the oil price suddenly reversed and plummeted, Lin Baicheng would not have lost anything. After all, it was more than double the profit. The remaining 20% ​​of the position could not affect his profit at all. It was nothing more than making more and less.

Just a problem.

Golden Fleece Company, after closing all long oil futures orders, also helped operate Hutchison Whampoa's short gold futures orders. The price of gold has now fallen to around US$500 per ounce.

On Monday, the price of gold fell below $500 per ounce, but rebounded that day. It rose sharply in the next three trading days. After the market closed today on Thursday, it rebounded to above $540 per ounce.

The price of gold fell from more than 900 US dollars to below 500 US dollars, almost halved, and then rebounded quickly. Vivien Kelly and others believe that the 500 US dollars per ounce price is the support price for bull resistance. In the absence of sudden good or bad situations,

Next, the price of gold is likely to fluctuate around this price.

Lin Baicheng doesn't know where the price of gold will fall in the short term, but he knows that the price of gold was not high in the 1980s and 1990s, and has been below 500 US dollars per ounce for a long time. Hutchison Whampoa's short orders will not lose money.

However, this time, Hutchison Whampoa’s short order will not always be held, because Lin Baicheng is reducing its holdings of Hutchison Whampoa’s shares. In addition to the benefit of Hutchison Whampoa’s acquisition of Bentley Motors, it also needs the benefit of investment profits.

Hutchison Whampoa's short order capital for this operation is US$800 million, and the cost price is US$761. If it is closed at a price of about US$500, the profit will exceed 50%, and the profit will be at least US$400 million. It is a small benefit and will definitely be able to

Hutchison Whampoa's somewhat sluggish stock price rebounded slightly.

As Hutchison Whampoa's stock price rebounds, Lin Baicheng can reduce his holdings more smoothly.

Regarding the time to close Hutchison Whampoa's short orders, Lin Baicheng asked Vivien Kelly and others to observe and observe. Once it is determined that the long position is relatively strong at US$500/ounce and cannot fall any further, then they will close the short orders and make a profit.

Finished.

In addition to work matters, because he was in Los Angeles, Lin Baicheng asked Lin Qingxia to play alone several times. Lin Qingxia did not refuse, but there was no progress between the two. I can only say that it was okay.

…

Today is Thursday, March 20th.

Tomorrow is Phil Smith's wedding day. In the United States, a country where everything can be missing but parties, Phil Smith held a pre-wedding bachelor party that night.

Tonight's pre-wedding bachelor party, as the name suggests, is Phil Smith's farewell to being single, so all those invited tonight are Phil Smith's male friends.

Like Phil Smith, the woman Anna Nord will also hold a bachelorette party tonight, and all her female friends will be invited.

Tonight, Phil Smith and Anna Nord can have a wild time, but after tonight, they will be a family husband and wife.

At least that's how it looks on the surface.

Lin Baicheng learned all this from Phil Smith when he received the invitation to the party. Otherwise, he would not have known that there is a tradition of holding a bachelor party before couples get married in the United States.

Lin Baicheng attended this pre-wedding bachelor party hosted by Phil Smith.

"Alan, you're here."

The person who greeted Lin Baicheng was Logan Rockefeller.

"Logan, I haven't seen you for a while. Are you finished with your work?"

Lin Baicheng shook hands with Logan Rockefeller.

Logan Rockefeller said: "Not yet, but tomorrow is Smith's wedding day, and I will definitely come back to attend."

Nodding, Lin Baicheng looked around: "Why don't you see Smith?"

"He was discussing business matters with a friend and came down after a while."

It was Claude Rockefeller who answered.

Lin Baicheng said: "Speaking of business, I have an investment here. I wonder if you are interested, Claure?"

“Invest in what?”

Claude Rockefeller quickly alerted himself and asked.

"I want to set up a television network, and I have found a candidate for the president. He is Barry Diller, who is still working at Paramount. He has experience in this area."

"To be honest, the initial investment in the TV network was not large. The total investment was only US$100 million. I gave Barry Diller 10% of the investment share. In addition, I also wanted to provide 10%-20% of the investment share."

"The TV network's investment is not large. In fact, it is enough for me alone. The main reason is to find more powerful partners for the company."

Lin Baicheng simply said that since Logan Rockefeller is here, it is difficult to exclude him, so he is willing to give up 5% more shares. Anyway, it is the same. In the end, he will continue to reduce his shareholdings.

"I'm interested in investing in a TV network."

Claude Rockefeller nodded and agreed. Of course, before investing, he must meet Barry Diller and listen to Barry Diller's development plan for the TV network. It is impossible for Lin Baicheng to talk about investment.

Project, he has no brains to invest money in it.

Lin Baicheng said: "When the time comes, I will call Barry Diller out and ask him to make a development plan for the TV network for everyone to see. You will help me call Miss Johnson when the time comes. The development of the TV network cannot be separated from all shareholders.

The more support and strong partners there are, the better.”

Claure Rockefeller responded: "I will call Abigail. Regardless of whether she is interested in investing at that time, she will definitely go and take a look at the situation."

"Logan, if you are interested, come too."

Lin Baicheng told Logan Rockefeller that among them, he actually had the least capital, but he could still afford an investment of several million US dollars.

"OK."

Of course Logan Rockefeller would not refuse. Regardless of whether he would invest or not, there would be no harm in going and taking a look first.

Lin Baicheng then went to chat with others. Those who came tonight were all friends of Phil Smith. Many of his friends knew Lin Baicheng. When Phil Smith held a party in the past, Lin Baicheng and

They talked.

Of course, these friends of Phil Smith cannot all be elites. Some of them are second-generation and third-generation rich people who just love fun. Lin Baicheng has nothing in common with these people. He can chat with some motivated people.

.

Phil Smith was the organizer and host of the bachelor party, so although he was discussing business with his friends, he did not keep Lin Baicheng waiting for the guests for too long.

"Tonight is the bachelor's party, everyone must have a great time, and be happy!"

Phil Smith held the microphone and shouted like a ghost.

"Woo~~" "Wow!"

Some fun-loving people immediately started shouting in unison.

Tonight is a pre-wedding bachelor party. This kind of party is different from a business party. Moreover, this is Los Angeles, the city where Hollywood is located. Models and some young actors are indispensable, so there are many beauties here tonight.

Lin Baicheng has never been able to let go of this kind of party. It's not that he is hypocritical and reserved, he also likes beautiful women. It's just because of the different cultural education he received, so he can't be like other people in such a 'crazy' party.

Just let it go and play.

Of course, Lin Baicheng would not disappoint the fun. He simply arranged with Phil Smith to accompany her beautiful model to play Texas Hold'em poker, drink, etc., and he was enjoying himself.

If Lin Baicheng was drinking alone at a party like this, he would be unsociable. Playing with a beautiful woman like this would be different. It's just not that crazy. There are a few people like him.

.

"Alan, we are going to Las Vegas soon, how about we go together?"

After playing for a while, Phil Smith found Lin Baicheng.

Lin Baicheng looked at his watch: "It takes three hours to go to Las Vegas from here, including driving and flying time. You have a wedding tomorrow morning, are you sure you can make it in time?"

Phil Smith said: "These are my last single days, and I'm going to have a great time!"

"Who is going?"

Lin Baicheng asked about it, and after learning that most people wanted to go, he felt uncomfortable and agreed, so he agreed.

Phil Smith asked Lin Baicheng to lend him a private jet, and Lin Baicheng did not refuse. As for the flight arrangements at the airport tower, it was left to Phil Smith and the others.

Because they were going to Las Vegas, Lin Baicheng and others did not stay here for too long. After confirming the flight, the group took a car to the airport and took Lin Baicheng's private plane to Las Vegas.

This is not the first time that Lin Baicheng has come to Las Vegas. He has been here before when he was playing with Haruko Mouri. Of course, a visit to the casino is indispensable here, otherwise the trip will be in vain.

After Lin Baicheng and others arrived in Las Vegas, they also went to the casino. In addition to places for gambling, the casino also has some entertainment venues.

(End of chapter)