Rebirth Strongest Tycoon

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Chapter 874

The situation is just as Xia Yu expected. The Philip Brother Company is surrounded by investors, and investors are clamoring to get back their funds, even if they don’t need any income as long as the principal!

But given that the Philip Brother Company can’t even get the margin, where can I get the funds for investors to claim back?

Therefore, Tendler Wells and other executives are very busy. On the one hand, they continuously deal with the door-to-door investors and try their best to appease their emotions. On the other hand, they are also clearing out low-yielding investments and pulling back their funds.

As for projects with better investment conditions, they have not yet been cleared.

Because Tendler Wells and the others know very well that the company still has a certain value at present, but if all items are cleared, it will accelerate its own death and cut off the possibility of a comeback because it will lose all value.

After all, the Philip Brother Company is actually insolvent, and all assets are cleared at the normal price, which is not enough to repay all debts. When the time comes, there is an empty shell and a group of employees waiting to be paid, and the fool will take over!

New York may lack something, but there is no shortage of financial talents.

The financial profession is the first profession that American yearns for. There are too many middle- and lower-level financial talents. The highest elites may not worry about food, but the replacement of middle- and lower-level personnel is too strong. Large and powerful financial institutions are most lacking in middle and lower-level talents. Now, as long as the recruitment signal is issued, applicants are like clouds!

In dealing with these matters, the Philip Brother Company still did not give up hope. Various board members frequently wandered around Wall Street, trying to find someone to take over.

Philip Brother Company has a reputation as a leading futures company, and 6 70 years has also accumulated a lot of background. Of course, some institutions are interested, but they did not dare to take that step without knowing the real debt situation.

After all, Philip Brother Company is valuable, but if the value is not enough to cover the debt, it will lose money if it takes over!

Even more how it is not risk-free to take over. With the current market conditions of the futures market, it is not necessarily a mess if it takes over. It is easy to be dragged down if you are not careful.

In the face of this situation, many organizations have secretly promoted the sharing of information, layer by layer on the bottom of the Philip Brother company, and at the same time pushed the investigation team to first calculate the assets of the Philip Brother company in an attempt to obtain the most true business intelligence.

In a blink of an eye is seventh day!

Kester Phillips, with a complex mood of expectation and anxiety, once again entered the Fed’s office building, and after waiting a few minutes, he met Fed Chairman Paul Volcker.

“Mr. Walker, I’m sorry to take up your time.”

Kester Phillips put his posture very low and said apologetically.

Paul Walker said with a faint smile: “It doesn’t matter, I happen to be not busy!”

“Mr. Volcker, I don’t know if the proposal you made the last time has resulted?”

Kester Phillips was impatient, and asked straight to the subject, his eyes full of anxiety.

He came to the Federal Reserve 3 days ago and also met Paul Volcker, hoping to get help from the Federal Reserve to help Philip Brother Company tide over the difficulties.

Paul Volcker did not give a clear answer at the time, but said that he could propose to the committee and give him a reply later.

But the past few days have been without results. Today is the last day. Of course Kester Phillips is anxious, so he visited again.

Paul Walker groaned, looking at the hopeful gaze in Kester Philip’s eyes.

He shook his head slowly, and said as Kester Philip’s eyes dimmed, “I’m sorry, Mr. Philip, this proposal was not passed.”

Kester Phillips smiled reluctantly. He pursed his mouth and asked unwillingly, “Can I know the reason?”

Paul Volcker’s mind came up with the scene of the discussion on the committee yesterday. He glanced at Kester Phillips and shook his head and refused: “I’m sorry, this involves the internal secrets of the Federal Reserve.”

It is not only that he, the Fed chairman, is unwilling to intervene, but also because of the great opposition within the committee. As for the real reasons for the opposition of the big shots, Paul Volcker can guess a little, but he wisely chose to ignore it.

Although he is the chairman of the Federal Reserve, he has more power than the United States President in terms of financial policy, but he still has to respect the opinions of the vice chairman, executive committee, and 12 Federal Reserve Bank chairmen. He is very clear about the nature of the Fed and his own Real location.

Such a financial policy that does not involve general directions, and it is obvious that the big shot has a scheme. He would just mention it. He will never actively intervene and confront, otherwise he is likely to be like the former chairman of the Federal Reserve, that is, the current chairman. Like G. William Miller, the head of Ministry of Finance, he was replaced after working for a year.

And he agreed to the proposal is also a temptation, secretly taking the opportunity to observe some situations, after all, he has only been in office for a year, and he still needs to further understand the complicated relationship within the Fed.

“Oh, I’m sorry for making such an unreasonable request.”

Did not get the answer he wanted, although he had expected it, Kester Phillips was inevitably more lost.

Seeing Paul Walker looking at him calmly, Kester Philip thought about taking a deep breath and decisively said goodbye.

Paul Walker just sent him out of the office door, and then turned to deal with his work. He also needs to find ways to adjust financial policies to further stimulate the economic market of the United States.

Let’s talk about Kester Phillips. Before he was about to get on the car, he looked back at the Fed’s headquarters, clenched his fists for a long time, and finally loosened it weakly, sullenly facing the car.

“Go back to the company first!”

……

As night fell, anyone who paid close attention to Philip Brother Company knew that Philip Brother Company did not seize this last opportunity after all.

Sure enough, early the next morning, the New York Supreme Court issued an order to freeze the assets of Philip Brother Company, and Philip Brother Company officially entered the asset liquidation process.

Subsequently, Deloitte was appointed to take the lead in formulating the asset liquidation plan. The liquidation group was formed by the management of Dewey Lubo International Law Firm, Standard & Poor’s, New York Trading Commission and Philip Brother Company to conduct asset liquidation and announcements on Philip Brother Company.

Immediately afterwards, the New York stock exchange temporarily delisted the Philip Brother company.

The stock price of Philip’s brother company is fixed at 1.58 USD, and the market value is fixed at 200 million 3000 7 million USD!

When the market closed yesterday, the stock price of the Philip Brother Company was still 1.87 USD per share, but because it was determined that the Philip Brother Company would be liquidated today, the stock price dropped sharply when the market opened in the morning, and investors who did not report fluke more Is giving up.

But it’s useless to give up, no one takes over the shares. With the Philip Brother company being temporarily delisted, the investor’s funds are locked in half. If you want to go public again, you can only wait for the Philip Brother company to become profitable again, but just think about it. Up.

The remaining half of the possibility depends on whether there is an institution willing to buy from these investors offline. As for the price, it depends on the psychological price of both buyers and sellers.

The market value of 200 million 3000 7 million USD is already very low. To be on the safe side, Xia Yu immediately ordered Toby Morton to dispatch.

When all eyes were on the liquidation of the assets of the Philip Brother Company, employees of Jiuding Securities Ltd. quietly took the list of shareholders and the planned acquisition plan according to the group, and found the shareholders on the list.