Chapter 538: Your Auntie Wants You to Just Die Out There Part One (1/2)
Chapter 538: Your Auntie Wants You to Just Die Out There (Part One)
What embarrassed Young Master Lee wasn’t the fact that he needed two hours to gather 10 billion for himself…
But rather, how he was going to do it.
In fact, even if a billionaire wanted to gather up 10 billion in cash, it would be quite difficult, because most of their wealth was usually tied up in stocks, assets, or other kinds of investments. But, if you don’t want to lose money by liquidating those assets on such short notice, under the assumption that you can’t liquidate those assets right away, you basically had to either borrow from a friend, or put assets up as collateral to take out a loan. As for the former option, what kind of friend would be willing to lend you 10 billion for free? Moreover, under the circumstance of communicating over the phone with no signed slips or anything? Between rich friends, maybe lending a couple of million was fine, but if the amount goes up into the billions, they would wonder what you were really up to, and they would say they have to talk to their financial planners and stuff and try to push it off, not to mention when you were borrowing 10 billion dollars.
At Three-Star, he had about 4% in shares. According to the total market value of the company at 300 billion, 4% would be about 12 billion. But, those were shares that he couldn’t sell, or he would cause an earthquake back home. The entire board of directors would shake and change up, triggering potentially qualitative changes to this family business.
Besides, as his father’s health deteriorated, his big brother, who was the planned heir of the company, was already under government pressure to reduce shares and give up absolute control over the company. If at this time, his 4% of company shares were to be put up as collateral, it would for sure be a ticking time bomb. He would become the sinner of the whole family if anything were to happen to the stocks.
Immediately, Young Master Lee didn’t know what to do anymore.
Seeing him not doing anything, Xu Cheng raised his brows and said, “Hurry up, there are 110 minutes left, Mr. Younger-Son-of-the-Head-of-Three-Star. Weren’t you just bragging about how rich you are? I’m not asking you to take out all of your Lee Family assets, just asking you to take out 10 billion to play some games with me.”
Young Master Lee was a bit dazed. He gritted his teeth and looked at Xu Cheng. Then, he picked up his phone as he said, “You want to see it? Sure!”
“Hello? It’s me. I want you to estimate the market value of all the stocks under my name and then draft a collateral agreement.”
“Are you crazy? What are you doing at a critical period of time like this? These stocks can’t be touched, don’t you know? Your father is still at the hospital, and your brother is tiring his brain out to think about how to avoid more inheritance tax to keep as many shares as he can under our family control. If you put your shares out there as collateral, then whether Three-Star is completely under the Lee Family’s control would no longer be certain. Do you understand the severity of this matter? You are just an illegitimate child, it’s enough for you to just eat and spend luxuriously. Don’t do sh-t like this.”
“Just do what I told you to do, what’s with the BS? If you can’t do it, then just get the fack out of my face, I will get a new lawyer to do this for me.”