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Chapter 639 The Taizhu Incident

When media from all countries reported that the Thai plant was shorted by international capital, they were almost completely confused in Thailand from top to bottom, and they didn't know who was building the Thai plant. However, no matter who it was, the Thai official did not want to see such violent fluctuations in the Thai plant. Even in the middle of the night, they made the decision to use foreign exchange reserves in a short time after discovering it.

At the same time, many European countries such as Britain, France, Germany, and Italy drove former Thai Prime Minister Thaksin and his family out of the camera on the morning of the 27th, forcing them to board a flight to Thailand. In order to ensure that they could return to Thailand safely, several countries sent special personnel to "escort" them to Thailand.

As for Thaksin and his family immediately took away by a group of mysterious people after arriving in Thailand, they were not what they wanted to pay attention to. These escort specialists directly returned to the country on the return plane.

Because it was a weekend, the entire Thai stock market did not open, but the international foreign exchange market was open all year round. Even though countless consortiums and governments in Thailand raised a large amount of funds to try to save the fate of Taizhu during the weekend, as more and more investors joined the short-selling operation, the capital they raised was simply unable to maintain, otherwise it would not have fallen by more than 150% in just a dozen hours.

Throughout the weekend, the Thai people fully enjoyed the feeling of falling from heaven to hell in an instant. Although the Thai plant has not turned into waste paper, it is no different from waste paper. No country dares to collect Thai plant again. All international settlements with Thai plant have stopped because the exchange rate changes too quickly, so it was so fast that the US dollar was 1:87 just now, and it may become 1:88 in the next minute, and it may become 1:100 in a few hours. So no one dares to collect it, and they don’t know how much they should charge. All transactions related to Thai plant have to be forced to stop.

Zheng Rongxuan didn't go anywhere on weekends. He had been with his wife and children at home, and had never even left the door.

On the morning of the 28th, the Supreme Court of Thailand announced the arrest of Thaksin and his family and immediately tried him and his family for several charges.

On the 29th, Thai Prime Minister Abhishi announced that he had signed a loan agreement and a strategic partnership agreement with Citibank and Thailand Huantai Holdings Co., Ltd. According to the provisions of the two agreements, Citibank will provide the Thai government with a low-interest loan of US$82 billion (actually the team of private bank Zheng Rongxuan) to help him overcome the current difficulties.

Huantai Holdings (a 100% equity enterprise registered by the three major private banks in Thailand) will invest in several large-scale projects in Thailand, one of which is the high-speed rail project that crosses the north and south of Thailand, and the second is the Kara Canal project that has been discussed for a long time by many countries around the world. However, the construction was not started for various reasons before, but this time it was directly proposed by Zheng Rongxuan and fell into the hands of Huantai Holdings. The Thai government sold the land ownership of the canal and within 10 kilometers of the surrounding area to Huantai Holdings, which designed, planned, implemented and operated the Kara Canal project.

The third item is to promise to purchase no less than 1 million tons of rice or rice from Thailand at an international intermediate price every year within the next ten years, worth hundreds of millions of dollars.

The fourth item is to invest in the construction of a highway network across the country in Thailand to improve the road traffic conditions in Thailand.

The fifth item is to invest in and build more basic tourism designs in Thailand to help Thailand improve the tourism environment and strive for more international tourists to visit Thailand.

The sixth item is to donate hundreds of millions of US dollars worth of Daewoo and Toyota police vehicles to the Thai police department to promote social security management in Thailand.

The seventh item is relatively hidden and belongs to the hidden item. Huantai Holdings and the Thai side signed a memorandum of strategic cooperation. The Thai side will provide security services to all the companies of Huantai Holdings, providing security at different levels and levels at a price ranging from tens of millions to hundreds of millions of dollars a year. Even as long as Huantai Holdings needs it, the Thai side will be able to directly send troops there to protect it, such as the Lak Canal, or the ethnic rebellion area in southern Thailand.

These projects alone are enough to bring hundreds of thousands of job opportunities to Thailand.

On Monday, on Monday, the Thai stock market fell to the limit as soon as it opened. It was not just a single stock that hit the limit, but the stock index hit the limit directly. Affected by the decline in foreign exchange, the Thai stock market has faced a full collapse.

Although Citibank's low-interest loan investment of US$82 billion in the international foreign exchange market, although it basically stopped the plunge exchange rate, it seemed that in just two or three days, the exchange rate fell from around 1:28 to 1:227, and Abhis and the governor of the Bank of Thailand really cried. If you want to return to the normal exchange rate, you will need to use at least hundreds of billions of dollars of funds. The key is that Thailand cannot afford so much money now, otherwise it would not have been attacked and then plummeted.

Even though they have now guessed that Zheng Rongxuan was the one who attacked Thailand's foreign exchange this time, they have no evidence. Not to mention that they can't produce evidence now, even any other country, it can prove that Thailand's completely abnormal foreign exchange rate plunge was manipulated by Zheng Rongxuan.

Especially among the three major banks, the financial regulators of South Korea and the United States, except for the first time being more than 20 billion yuan was mobilized, only Citibank transferred to Thailand US$82 billion after lending to the Thai government. The rest were normal funds mobilization. The key is that more than 20 billion yuan is obviously impossible to bring such a large depreciation to the Thai plant.

On the afternoon of the 30th, the Thai court announced the final trial result of Thaksin and his family. Almost all of them were thrown into the prison in various names. It would be difficult for them to come out in this life, especially in the prison under the police. After all kinds of incredible things came out from time to time, Thaksin and his family almost all died "accidentally". Even after the trial result came out, the Red Shirts wanted to cause trouble, but now Tai Zhu is like this, and no one can care about his life or death.

Although there is no evidence, under this strange situation, no bank in the world dares to lend money to the Thai government, for fear that its loan would be wasted. Abhishi has had enough of all the financiers and bankers around the world in the past two days. Finally, Abhishi no longer had the helplessness to call Zheng Rongxuan on the 30th to borrow money from him, hoping to bring the exchange rate of the Thai plant back to normal.

Even though he guessed that Zheng Rongxuan did this time, if he didn't solve it, he would have to be forced to step down after just a few days of going on stage. The key is that he can get off now, but that he must get this mess after he has received it.

After Abhishi promised to be guaranteed by the Thai government and temporarily handed over Phuket and its affiliated islands to Zheng Rongxuan's jurisdiction, and helped Zheng Rongxuan complete his advance and subsequent plans, Zheng Rongxuan agreed to borrow US$220 billion to the Thai government.

Even though this news was not reported, when Bank of China, National Bank and Citibank mobilized such huge amounts of funds, it still brought violent fluctuations to international foreign exchange. If it weren't for China, the United States and South Korea, it would have known that this was Zheng Rongxuan's supply to the Thai government, and would have forcibly banned capital from appearing.

Fortunately, after the bullets were available again, the Thai government and financial institutions began to smash violently. In addition, Zheng Rongxuan stopped attacking and started to go long. In the next half month, Taizhu finally returned to normal conditions. Although it still could not reach the level before the plunge, 1:36 US dollars could still be accepted by them.

By that time, the team of the three major banks had acquired several listed companies controlled by Thaksin and his family, including Thailand's largest telecommunications company and energy company, and completely completed the layout of monopolizing Thailand's oil industry and communications industry. Thailand's State Oil Company, a former state-owned company in Thailand, was also handed over to Zheng Rongxuan as a guarantee.

But there is one thing, Zheng Rongxuan didn't swallow it. It's not that he couldn't, but because he was too sensitive.

The first "Sinawa Company" founded by Thaksin, Zheng Rongxuan dedicated his controlling rights to the King of Thailand, and the Thai royal family is also Zheng Rongxuan's second largest shareholder in many industries in Thailand. It can be said that Zheng Rongxuan has been deeply tied to the Thai royal family.

Even though it was a hot potato, the old king had to swallow it, and on the appropriate occasion, he publicly praised Zheng Rongxuan for his positive contribution to the Thai economic crisis, calling him the pride of the Thai people, which made ordinary people admire Zheng Rongxuan and the king even more.

But those who really know the whole story know that Zheng Rongxuan doesn't get angry easily, but once someone gets angry, no one can think of good results, whether it's an individual or a country, they can't afford to eat. So even if the middle class or the Thai consortium that suffered some losses in this incident, they can only lose their teeth and blood. What's more, Zheng Rongxuan didn't do anything except the three major industries of energy, communications and entertainment, and they didn't even get involved in the rest of Thaksin's other industries, so they were not disappointed. Anyway, the crisis came quickly and went quickly. They just took a roller coaster, and the real loss was not too great.

However, the impact of this incident on Thailand is far-reaching, especially the huge debt of US$302 billion that is weighing on the Thai government. The interest alone is not enough to pay back every year, so Abhishi had to raise the taxes in various industries.

But this incident really scared many countries in the world, as if there was an extremely powerful force hidden in the world. Although it seemed that Zheng Rongxuan did it on the surface, only Zheng Rongxuan was offended in this matter. Even the Rothschild family stopped the United States from trying to extend their hands. Even though their family had been passed down for hundreds of years and had the world's most elite financiers and bankers, they still did not analyze how Zheng Rongxuan did it. What's more serious is that they didn't know how Zheng Rongxuan would deal with it if Zheng Rongxuan also came to their back garden like this.

As for Zheng Rongxuan, no one would ask him directly if he did anything in Thailand. So from this incident in Thailand, Zheng Rongxuan, who had been swept nearly one trillion dollars worldwide, and reached a loan agreement with Abhishi. After Abhishi promised to help him control Thailand's three major industries in energy, communications and entertainment in the future, he was in a good mood and suddenly decided to attend the SBS TV Acting Awards on the evening of the 30th. (To be continued.)
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