Reborn in 2014: A One-Man Tycoon

Finally, the market reopened.

The price has now stabilized at £4 per share.

Because Meng Chuan has guaranteed the price, it's impossible for it to drop any further.

It is precisely because it no longer descends.

Therefore, some institutions that had held the shares for a long time did not sell them off.

However, Meng Chuan still holds more than 25 billion shares.

The remaining 5 million shares are held by several large institutions.

There are almost no retail investors left.

Meng Chuan spent a total of £100 billion on these 25 billion shares.

By this time, Meng Chuan's profit and loss had been settled.

This time, Meng Chuan borrowed in three tiers for short selling.

The first tranche was £14, borrowing 30 billion shares.

That's equivalent to earning £10 per share, resulting in a profit of £300 billion.

The second tier involves borrowing 10 billion shares for £18, which would yield a profit of £140 billion.

The third tier is a £20 loan, also for 10 billion shares.

This profit is £160 billion.

These three short-selling moves netted Meng Chuan a profit of £600 billion.

The total amount, including principal and interest, is 1160 billion.

However, in order to better short sell, Meng Chuan pledged 187.6 billion yuan of it from financial institutions.

The interest is 20% of the principal, which is 37.52 billion.

This is even more usurious than loan sharking.

Unfortunately, Meng Chuan almost suffered a margin call back then. If it weren't for that 187 billion, Meng Chuan wouldn't be where he is today.

Therefore, although Meng Chuan felt a pang of regret at paying the 37 billion yuan in interest, he accepted it willingly.

If this institution hadn't almost forced Meng Chuan to liquidate his position, Meng Chuan might have given it a little more.

Now Meng Chuan is paying money according to the contract. After returning the principal, Meng Chuan paid 37.52 billion yuan in interest, not a penny more.

Of that, 300 billion was borrowed from Ollie.

Meng Chuan had originally planned to give Ollie a little more money after making some.

After all, without Ollie, Meng Chuan wouldn't have been able to earn this money.

However, Ollie wanted Meng Chuan to cover the losses and also wanted Meng Chuan to buy 02 Company.

Meng Chuan's gratitude towards Ollie had almost completely worn off.

Meng Chuan only returned 300 billion to him, not a penny more.

In addition to these, Meng Chuan also has to pay a trust fee of 1.5%.

This is what the brokerage firm deserves, which is £9 million.

It's fair to say that the brokerage firm George works for is really making money.

He earned 9 million yuan just by helping with the process.

Even Meng Chuan was a little envious.

You also need to pay capital gains tax.

This is a tax that must be paid on all profits from the sale of stocks, and the tax rate is 10%.

If you sell at a loss, you don't need to pay.

This is quite humane.

With a profit of 60 billion, this would require a payment of 600 billion.

Meng Chuan felt a pang of heartache again!

After all these miscellaneous deductions, Meng Chuan actually still made quite a bit of money.

After the principal was returned, the profit of 60 billion was reduced by 37.52 billion in interest, 600 million in trust fees, and 9 billion in taxes.

Meng Chuan was left with 493.48 billion yuan.

However, Meng Chuan has already spent 100 billion yuan to cover this.

There are still 393.48 million left.

They also need to acquire Company 02, and this expenditure should not be less than 100 billion, and may even be more.

Meng Chuan had no idea how much would be left.

After Meng Chuan settled all these accounts, paying what was owed and making payments as required,

Ollie called too:

"Meng Chuan, I gave you 30 billion, and you're just going to give me back 30 billion? How can you be so shameless?"

Ollie was really angry.

He was in a pretty good mood yesterday.

He received 300 billion yuan from Meng Chuan today, and his face turned black.

Even if he deposited those 30 billion in cash in the bank.

Three days later, the interest the bank would give him would not be less than 30.

Meng Chuan was incredibly stingy.

Do you know how much money I've made?

Meng Chuan coldly questioned Ollie.

"How...how would I know how much you made?"

Ollie paused.

In fact, he really didn't know how much money Meng Chuan had made.

After all, quite a few institutions chose to short sell back then.

The number of buy and sell transactions will not be less than ten million.

Unless he spends a lot of energy and time checking and verifying each item one by one.

Otherwise, he really wouldn't know which transactions were Meng Chuan's and which were transactions from other institutions.

This time, the stock of Company 02 was shorted.

Those large capital institutions that managed to hold on until the end also made a lot of money.

“After deducting your 30 billion and the collateral from financial institutions, my profit is less than 40 billion.”

Meng Chuan opened his mouth without blushing or skipping a beat and said:

"I need to pay nearly 40 billion in interest, plus 40 billion in taxes, trust fees, and so on."

“I also spent a full 100 billion to cover the costs, and I also need to buy 02 Company.”

Do you want some stocks? I'll give you some.

Meng Chuan now holds 25 billion shares of 02 Company.

If Ollie wants some, Meng Chuan might actually consider giving him some.

After being rebuked by Meng Chuan, Ollie's anger subsided considerably.

If that's the case, Meng Chuan really doesn't have much left.

That leaves only about 200 billion.

This does not include the purchase of 02 Company.

"I don't want the stock. Company 02 is now asking for 120 billion, the same price as the Li family."

Ollie coughed lightly and said.

After paying out 120 billion, Meng Chuan will only have about 80 billion left.

Ollie was really too embarrassed to ask Meng Chuan for a share of the profits again.

Although 80 billion is a lot of money, Meng Chuan at least helped him solve a problem.

If Meng Chuan disagrees with the purchase, and the higher-ups insist that he pay the 120 billion, then the loss will be huge.

"What? 120 billion? Why doesn't he just rob a bank?"

Meng Chuan immediately became anxious:

"The Li family initially asked for 120 billion because the share price was around 9 pounds sterling at the time. Now it's only 4 pounds sterling. How dare they ask for 120 billion?"

Meng Chuan is really upset.

He has already invested 100 billion.

They still need 120 billion.

This is equivalent to Meng Chuan acquiring 02 Company for 220 billion yuan.

Although this price is justified, the total assets of Company 02 are still worth 200 billion.

However, Company 02 was sold because it could no longer continue operating.

They actually want to sell it for 120 billion.

Meng Chuan heard about this scheme all over China.

Isn't this treating Meng Chuan as a complete traitor?

"Don't get agitated..."

Ollie wanted to persuade Meng Chuan that it would be better to spend money to avoid further trouble!

But Meng Chuan didn't indulge Ollie:

"Why shouldn't I be excited? You're asking me to spend 120 billion, how could I not be excited?"

"Well then! This price might indeed be a bit expensive. How much are you willing to pay? I can help you negotiate with them."

Ollie coaxed.

What he feared most was that Meng Chuan would really quit.

If he does that, he will have to spend a large sum of money to buy 02 Company.

Therefore, he needs to get a bottom price from Meng Chuan so that he can negotiate with his superiors.

"80 billion, not a penny more."

Meng Chuan blurted out.

"Meng Chuan, you're...too ruthless. Just to give me face, raise the price a little higher."

Ollie was getting a little anxious.

He had never seen anyone haggle like that before.

The Chinese are truly renowned for their bargaining skills.

He couldn't even bring himself to say 80 billion.

"81."

"Meng Chuan, you've gone too far. Is my reputation only worth one hundred million to you?"

"85, isn't that enough to give you face?"

"Is my reputation only worth 5 million?"

"Oli, don't push your luck. Give me 5 million, and I'll call you daddy."

Ollie: ...