Chapter 68 Arrival in New York
That night, Yonas personally prepared the ingredients and made two dumpling fillings of pork, cabbage and radish and beef. Everyone started to work together and made two pots of dumplings. Because this night was the Chinese New Year's Eve in China. There were very few Chinese in Switzerland and could not organize carnival parades like the United States. They could only commemorate their past emotions in this way.
After Glencore communicated, Glasenberg readily arranged to pay $624 million to Yannik, which was the cash after deducting the share of development expenditure. It was also all the cash obtained in this copper mine. If the future development of the copper mine requires increased investment, then Jonas and the others also need to supplement their funds.
The father and son came out of UBS's headquarters building in Zurich together, and the suppressed nerves seemed to relax. The two of them breathed a sigh of relief, more than 600 million US dollars, which was a huge amount of funds that could suppress most people in this world.
For this fund, the federal tax police and the Schwiz State tax police almost fought for the share. There was no rest on the weekend, and after two days of negotiation, they determined the respective harvest ratios of the 37.44 million taxes. The happiest one was the local government of Gelsau, a town with a total population of less than 2,000 people. Although it was only 5% of the ratio, the single tax of the two million Swiss francs was enough to solve all the deficits of the town, and there was more funds to arrange public activities.
What's more, Janik has promised to donate a sum of funds to repair all public facilities in the town, including rebuilding a medium-sized shipping terminal, rebuilding a church, rebuilding a square, replacing public seats, and signs everywhere.
After the UBS split the spoils, Yonas left only a fraction of the family's public account. The more than 80 million yuan was used to pay for the bills for his mother's decoration, donations, and new home construction. All the remaining 500 million yuan was transferred to his private company account. These funds will be transferred to the past after cousin Hank and Kingston completed the offshore company procedures for the British Virgin Islands and the Bahamas.
In fact, these funds will always be left at UBS because all the company account opening banks are UBS. In the future, the funds will be allocated according to the investment ratio. As for whether UBS can retain these funds at that time, it depends on their ability.
Nearly $600 million in US dollars of funds shocked UBS's investment department, and even Young was specially transferred by UBS's senior management to manage the huge amount of funds. In fact, this is also a scene that Yanick and Yonas are happy to see.
After the funds were in place, Yonas's trip to the United States began. On the 28th, Yannik and Yonas took a special plane to depart from the Buoks Airport at the door of their homes, and landed at LaGuardia Airport in New York. Also with Yonas' uncle Jan, he will be responsible for the allocation of Yonas' funds. Yannik will also stay in New York for one night and head to Santiago, Chile the next day.
After completing the entry procedures, Hank and Kingston, who arrived early, picked them up together and arranged them to the Leeds Hotel near Central Park on Fifth Avenue. They lived here because it was very close to the residence of Ricky's ex-wife Denise. When they came to the United States, Jonas, a former American socialite, must see him.
Kingston reported on the process of registering a company with Hank in the Virgin Islands and Panama. "The preliminary work is ready at present, and it will take a week to register, so we can get the company information next Monday."
Jonas asked, "How are Google's stock's iPo ready now?"
Kingston smiled and said, "Their financial situation is very chaotic, and there may be no hope for IPO in the short term. In addition, their two founders have too high expectations for the company's development and are full of difficulties in going public."
Yonas knew that Google's listing was indeed full of twists and turns. No one expected that after entering the market, Google would perform so well. Except for some declines during the financial crisis, it always kept moving forward with its head held high.
After turning on his laptop, Kingston said: "At present, two major venture capitalists, KPCB and Sequoia Capital, are both the world's top venture capitalists. At this moment of listing, the chance of obtaining shares from them is too small. However, Google's current bad situation has also made the two companies a little interested. If it is just a small amount of premium financing, I think there is still a chance to get the transfer."
"What about those two million shares of Yahoo?"
Kingston smiled and said, "We have the opportunity to get more when you have funds. It is reported that in order to clear the lawsuit with Yahoo, Google will pay Yahoo an additional 2.7 million shares of shares, and Yahoo's interest in this stock is obviously not as strong as more than $100 million in cash."
Yonas pondered for a moment and said, "We can be a little later in Google's shares. Now Apple's stock price is almost rising every day, so for us, it is urgent to seize Apple's stock."
“It’s all about funds.”
Young smiled and said, "Funds are not a problem. In addition to the $500 million cash prepared by Yonas, our bank also has a loan amount of $400 million."
Kingston smiled and said, "Then what are we waiting for? We can act separately tomorrow. I will arrange for colleagues from the law firm to accompany Hoffman..." Seeing that everyone present was Mr. Hoffman, he immediately laughed, "Mr. Hoffman little went to conduct on-site trading, and Hank accompanied me to visit several funds that were interested in selling Apple stocks. I always thought that spending money was always the most enjoyable." He showed off an American-style humor, but unfortunately, the four men here were all relatives and Germans, and no one praised his humor. Only Alini gave him face and smiled slightly, obviously agreeing with this sentence.
Yannik asked: "Isn't Nasdaq in Washington? Is Yonas going to trade in Washington?"
Kingston smiled and said, "This is the United States, this is New York, and it can meet any of your needs." After showing off, he felt a little out of place and smiled awkwardly, "Nasdaq is in Washington, but the Nasdaq stock trading market is in New York. You can't confuse them. Nasdaq is only bidding and trading by the market maker committee. What we often call Nasdaq actually refers to a secondary market that can be traded freely."
Jonas smiled and said, "You don't have to show off your American humor. The primary market is the issuance market, the secondary market is the trading market. Nasdaq trading can be traded in many places around the world. If it weren't for Google's stock, I could trade directly in Zurich and Frankfurt. You are also wrong. What you call a bidding transaction is not the primary market of Nasdaq, but the OTCbb bidding market."
Jonas's words made Kingston particularly surprised, "Can you understand these? I remember you are not a professional in economics? Even I often confuse these."
Jonas asked, "So what kind of person am I in your eyes?! Are you just a playboy who has money and nowhere to spend? Spend hundreds of millions of dollars just to play a game of spending money? Mr. Kingston, please adjust your mindset and remember that you are serving me now. I don't need you to be respectful to me, but you must give me the respect I deserve!"
Kingston's head was covered with cold sweat, his eyes drooped in panic and said, "Yes, Mr. Hoffman, I will definitely remember this in the future."
"I'm very satisfied with your early work, so I didn't have the idea of changing a business lawyer. But you want to make me feel that my decision is right."
“It will definitely be.”
After walking out of the hotel gate, Kingston, who was absent-minded, gradually recovered. The cold wind in the winter came, and he couldn't help but shivered, and then he realized that his underwear was sweating. His cool body made him hurriedly sit in his car. He had never really paid attention to this employer. Even if he had to pay him three million a year, Kingston only thought that his employer invested in stocks was a reckless behavior after the outbreak. He even believed that in less than a year, his employer would fail in the stock market and take the initiative to leave this market that he could not play with at all.
With such thoughts, his attitude seemed a little frivolous. But now he realized that he was the ignorant person. After sitting in the car for a long time, he remembered to call Steinhard. "Mr. Steinhard, I may have messed up the matter you entrusted me."
After listening to Kingston's detailed explanation, Steinhardt laughed and said, "How could the person I can be attracted to by that friend of mine be a mediocre person? Kingston, then how did you deal with the matter he entrusted?"
Kingston quickly said, "Sir, although my attitude is a bit wrong, I have my professional ethics."
"Then let it be, do it well." Stanhart hung up the phone. This was just a small thing for him, but because Kingston was a descendant of an old friend, he supported him in running this law firm. He believed that Jonas would not care too much about Kingston's rashness. If so, Ritch would never pay so much attention to him. He always believed in Ritchie, and he had more confidence than himself.
In the room of the Leeds Hotel, Jonas's power just now not only scared Kingston, but even Hank and Young were a little nervous about their nephew's performance. They have always treated him as their juniors, but now they realize that he has matured. Is the rapid development of the Hoffman family not created by his elder brother, but by his nephew?!
The two of them silently recalled the changes in the Hoffman family for only half a year, and they felt that their guess was correct. Although Janik was also an elite in his work, twenty years have passed and he is still the deputy general manager of a company. The strong change began after graduating from Yonas University. They also had the idea of their nephew who could not see through it.
(Thanks to the man brothers for urging them to update. I tried my best to complete it, but I can't guarantee it. There is also Ling Yuqingshen's reward, thank you for your support.)
Chapter completed!