The rebirth of the Hong Kong Island chaebol, starting with a short-selling Eagle Sauce

Chapter 5: Old 3, how about you become the vice president of the group?

The father and son's words enriched the whole plan.

Wang Xiaosheng and Wang Xiaotian who were standing aside were dumbfounded.

For the first time, they realized that they and their third brother were not opponents on the same level at all.

More calculating than their father.

Fortunately for them, it seems that this younger brother is not very enthusiastic about the family business.

"My dear son, I will do as you say."

"I will transfer the money to your overseas account as usual."

Although Wang Lei is very rich, he still dislikes having too much money. Thinking that Wang Xiaosheng mentioned Peninsula Technology’s listing plan, he kindly reminded:

"Dad, overseas financial markets are not calm recently. If Peninsula Technology wants to go public, it must hurry up. It is best to complete the fund-raising before mid-October."

87 was an unusual year for the world. The most influential global stock market crash in human history broke out!

On October 10, U.S. stocks fell 18%, and the implicated Hong Kong stocks fell 22% that day!

The beautiful country lost US$5000 billion in market value in this stock market crash, equivalent to 1/8 of its GDP!

The immature Hong Kong stock market also suffered heavy losses, with the Hang Seng Index falling as much as 56% compared to the eve of the stock market crash.

In other words, most listed companies have lost more than half of their market value.

If Peninsula Technology does not complete the listing to raise funds before mid-October.

Then the plan to make money by going public will be put on hold for a long time due to the stock market crash.

After the stock market crash, people felt that it was not safe to put money in the stock market, and Peninsula Technology’s market value was definitely not much higher.

"Did you hear anything overseas?"

Wang Lei just nodded, and his silence made him even more convincing.

Wang Zhengyi thought for a while and said:

"You haven't done anything serious since you returned to Hong Kong. If you hadn't returned to the group to work, the position of vice president would have been vacant."

Hearing this, Wang Xiaotian and Wang Xiaosheng became uneasy.

Next up from the vice president is the group president. The two of them fought hard for this position, but they didn't expect it to be an advantage for Wang Lei, who had never taken it seriously.

They looked at Wang Lei nervously, with complicated eyes.

Wang Lei really couldn't arouse the slightest interest in the proposal of returning to the group.

It took him five years to become a capital, a major overseas investor, and the boss of the boss.

Now if he is asked to be a high-level wage earner on the front line, he will definitely be unwilling to do so.

"What?" Wang Zhengyi smiled, "Even the position of vice president can't satisfy you?"

"Of course not. It's not like you don't know, dad. The focus of my career is currently overseas, and I completely ignore the group's affairs... Otherwise, you should choose someone else."

Listening to his youngest son's excuses for rejecting him, Wang Zhengyi was lying if he said he wasn't angry.

Although the Wang Group is not as good as the four major families, its market value is at least US$20 billion. This bastard boy refused without even thinking.

His dignity was greatly challenged.

The atmosphere in the office suddenly fell into a strange atmosphere.

Wang Zhengyi stared into Wang Lei's eyes.

"Okay, I never force others to do anything. You will regret it sooner or later."

Both brothers wiped away the cold sweat for their ungrateful brother.

Fortunately, Wang Zhengyi didn't get really angry, otherwise Wang Lei might have received a heavy beating.

I couldn't help but wonder why my third brother would give up without hesitation when the opportunity was right in front of him.

Wang Lei is quite clear about this.

His cheap father has always been domineering and likes to be arbitrary.

It is possible that I can still strive for the position of president for at least 20 more years, or even 30 years.

Thinking of this, he couldn't help but cast pity on the two good brothers.

No matter how hard you work, I will come to rescue you when I become a global financial giant.

The look in his eyes made the two brothers and sisters puzzled. Third brother, what do you mean?

……

In the financial market, some people are going high and some are going short.

In the 80s, short sellers were not well-known, and companies such as Quantum Fund and Tiger Management were just emerging.

The most famous of them is Cayman Fund, headquartered in the Cayman Islands.

During the recent Hiroshima Agreement (Hawthorn actively devalued the U.S. dollar), the Cayman Fund became famous for shorting Hawthorn.

Many people suspect that Robert Gilman, the president of Cayman Funds, is the white glove of a big shot.

Obtained this critical inside information in advance from the big shots.

Only then can we make arrangements in advance and complete the short selling.

He had heard such rumors so many times that Robert himself almost believed them.

Only he knows that his boss behind the scenes is Wang Lei from Hong Kong City.

A not-so-ordinary ordinary rich kid.

The two met in Wei Mo. He messed up a big deal, causing the company to go bankrupt and he became one of the many unemployed people.

Long-term unemployment once made him think about changing careers.

At that time, he didn't even have money to buy a Valentine's Day gift for his girlfriend.

Until a handsome dragon-born foreign student came to the door.

They formed the original Cayman private equity firm in the Cayman Islands.

The company initially controlled only US$800 million.

It is said that all of the 800 million US dollars was Wang Lei's income from stock trading for many years.

Soon, the Cayman Fund’s short-selling career was on track.

In 82, Mexico encountered a debt crisis and shorted the peso with high leverage, expanding its capital base to US$2000 million.

In 83, during the bull market in the U.S. stock market, the capital base expanded to US$5000 million.

In 84, he shorted the American Telephone and Telegraph Company, which was about to be forcibly broken up, and expanded his capital control to US$7000 million.

In 85, he predicted the Hiroshima Agreement in advance, shorted the U.S. dollar and strengthened the Japanese yen, making a profit of 2 million U.S. dollars, and the capital bank instantly expanded to nearly 3 million U.S. dollars.

In 86, Cayman Capital, which became famous on Wall Street, began to raise funds and expanded its capital scale to US$8 million.

By this time, Cayman Capital had risen to nearly $10 billion in size and was the largest short seller active on Wall Street.

And all this is brought about by the boss!

If it weren't for his boss to guide him, Robert would still be a scumbag on the verge of bankruptcy.

Becoming the boss's white glove is the luckiest thing in his life.

Thinking of this, he picked up the satellite phone and dialed Wang Lei's number.

"Boss, US$10 billion has been raised. Who is our next target?"

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