Chapter 229 Sell Together
And in the European and American institutions in Colombo.
They also realized something was wrong at this time, and the news coming from the Gem City further confirmed their uneasiness.
Colombo's financial district.
It is also the center of Ceylon's financial industry. Although there is not much finance in this place, there are offices of many international financial institutions gathered here.
For example, Citigroup, Morgan Stanley, JP Morgan, Merrill Lynch, HSBC Holdings, BNP Paribas, Deutsche Bank, UBS Group, BOC International, China Merchants Bank, Royal Bank of Scotland, Temasek Investments, Mitsubishi Bank, and Hankook Bank.
They all have branches or offices here.
In particular, financial institutions that have invested in Ceylon's sovereign bonds are constantly calling or emailing their headquarters.
John, the head of JPMorgan's office, looked at the documents in his hands and the information his subordinates had received in Colombo in the past few days, and his face turned as dark as the bottom of a pot.
"Fuck, is that guy crazy?"
Also in his office were Horton from Citigroup and Sunny from Morgan Stanley.
Sunny raised her glasses. "He is not crazy. He thinks that with the current GDP growth of Ceylon, it is difficult to repay the ever-increasing debts, so he intends to maintain the bankruptcy status."
"Why did he choose the Aoba Group?" John looked annoyed.
Even if Diss had discussed with them to delay those sovereign debts for a period of time, the major investment institutions would not be in such a passive position now.
Sunny speculated: "He doesn't trust us, or he is simply a spokesperson for the Aoba Group. Have you noticed that Manila Bank is constantly buying up Ceylon's sovereign foreign debt at low prices?"
Nowadays, internationally, the three major groups in Hongsavadi and the five major family conglomerates in Luzon are basically regarded as the same system.
After all, the systems of Aoba Group and Zhiren Company are basically the same.
Judging from the many collaborations between Hongsavadi and Luzon , it is obvious that there must be some unknown connections between the two sides.
Of course, one might now add Siam, which is also rapidly moving towards the Hongsavadi model.
Japan and South Korea are not surprised by such super giant enterprises, after all, the situation is similar in their own countries.
Therefore, this time Manila Bank's purchase of Ceylon's foreign debt, coupled with the Aoba Group's full-scale entry into Ceylon, the outside world connected these things together and soon guessed that Manila Bank was helping the Aoba Group to purchase Ceylon's foreign debt.
Originally, the major investment institutions did not intend to let the Aoba Group get away with it, but instead planned to continue holding Ceylon's foreign debt and force the Aoba Group to cut its losses.
But now they were dumbfounded.
These international investment institutions are not fools. They were unable to react at first, but have now discovered the trick.
Dis's behavior was not to save Ceylon at all, but to sell Ceylon at a low price.
Aoba Group has recently been investing frantically in various industries in Ceylon, which is draining all of Ceylon's industries and resources.
Diss also continued to act as a matchmaker for the Aoba Group and exempted the Aoba Group from taxes for decades.
Insist on continuing to hold foreign debt, right?
You want to take advantage of this opportunity to control Ceylon and Aoba Group, right?
Then I will just sell it completely, all the industries, land, population, and cities will be sold to Aoba Group as a package, and at the same time give Aoba Group long-term tax exemption.
The Ceylon treasury, however, could not receive a single cent and continued to maintain bankruptcy protection. How could the government ask Ceylon to pay back the money? Even a mouse would starve to death in this empty treasury.
Diss also ordered the Central Bank of Ceylon to print money like crazy, causing the local currency to depreciate at a rate comparable to that of the Zimbabwean dollar.
This forced the residents and local businesses of Ceylon to accept the fact that the gold yuan would completely replace the Ceylon currency.
At the same time, all the assets of those who went bankrupt were liquidated by Aoba Group.
With a series of combined attacks, the Aoba Group is rapidly hollowing out all industries in Ceylon.
It is estimated that it will not be long before Ceylon becomes an empty shell, and perhaps the significance of its continued existence is to bear the US$51.8 billion foreign debt.
Anyway, if European and American financial institutions do not give up those sovereign foreign debts, Ceylon's bankruptcy status will continue. Aoba Group does not care about Ceylon's continued bankruptcy status.
The flesh and blood have all been eaten by the Qingye Group. As for the problem of the shell, they will continue to fight and see which side can't hold on first.
The whole world was stunned by Ceylon's extraordinary move.
He sold himself, and sold himself for a free price.
Now the pressure is suddenly on a number of international investment institutions.
John clenched his fists in anger: "This damn bastard! Does he really think we are easy to bully?"
"If we sell off Ceylon's foreign debt now, we will lose at least 80%. This is absolutely intolerable." Sunny was also very angry.
Holden said viciously: "Contact the headquarters! Isn't Qingye Group going to invest here? Then we will make their investment fail completely."
Chen Jianxiong was personally in Colombo at this time.
After reading the intelligence from all sides, he showed a contemptuous smile on his face, and secretly thought of ridicule: "Just you rubbish?"
He quickly gave orders to control the core members of the hundreds of converts, and at the same time closely monitor the undercover personnel of the Black Ship and other organizations in Ceylon.
On the other hand, Chen Jianxiong quickly contacted the Defense Department and asked them to quickly transfer 5,000 new human soldiers from Luzon and Honsawadi to directly take over Ceylon’s army and police affairs.
The Blood Blade Special Forces and Field Service agents who had already entered Ceylon were on level one alert.
The Ceylon Investment Company established by the Aoba Group has also been busy.
The overall investment in Ceylon reached an unprecedented level. Dozens of large companies rushed into Ceylon at a crazy pace.
These companies were frantically absorbing labor, regardless of whether they had work experience or not, as long as they were young and middle-aged, they would be immediately absorbed into their subsidiaries. Anyway, the initial monthly salary was only 500 gold yuan, so it was considered work-for-relief.
In the later stage, the positions and treatment of these new employees can be gradually adjusted through screening and training.
A large number of jobs directly swallowed up millions of Ceylon's labor force, suppressing the unstable factor of unemployed vagrants to the lowest level.
After all, with the purchasing power of gold, if you don't buy large appliances, cars, etc., 500 gold dollars are enough to feed and clothe a family of five.
Ceylon has a population of only 22 million. Excluding the remaining official personnel and troops, the millions of laborers account for almost the entire population of Ceylon.
After experiencing more than a month of chaos and the impact of food and daily necessities shortages, these ordinary Ceylonese people will not easily make trouble as long as they have something to eat.
At least they were very clear about who provided them with enough food.
Only when you lose something will you cherish what you have.
As for Qingye Group's huge investment, the question is how to recover the cost when the time comes.
Anyone who understands the operating model of a giant company knows that Aoba Group will not do business at a loss, and it is difficult for it to do so.
After all, grain, food, daily necessities, machinery and equipment, gas and fuel, building materials, etc. are all produced by Qingye Group and its sister companies. It is like transferring from left hand to right hand, and the cost does not need to be too high.
Ceylon has abundant agricultural conditions, shipping advantages, and seabed resources. As long as the right direction is found in the future, there is no need to worry about development problems here.
Obviously, the madness and cutting of the financial support by the Aoba Group caught Europe and the United States off guard.
Europe and the United States reacted quickly and ordered local converts, fifth columnists, and the like to take action.
