The shareholders of FXCM International, who had just signed the share transfer agreement, heard Su Yi say that the payment for the transferred shares would arrive in full within three business days, and as Su Yi had previously promised, all payments would be made in cash.
Immediately, clear expressions of excitement appeared on their faces, and they looked at Su Yi with extraordinary trust.
Ever since Huayi Capital's representatives actively crossed oceans to come here and negotiate with everyone.
During this period of interaction.
Everyone found that although Su Yi appeared young, his personal charisma was exceptionally evident.
Whether in negotiations or casual conversations, Su Yi gave the entire FXCM International shareholder group the impression of confidence that everything was under control, and a decisive resolve to always follow through on his words.
With such a person leading FXCM International and introducing an institutional party like Huayi Capital.
It was difficult for the shareholders not to remain optimistic about the future, and equally difficult not to welcome Su Yi and Huayi Capital's takeover.
Moreover, the acquisition price of 1.05 billion US dollars for 75% of the equity, offered by Su Yi, was indeed considered a fair market price, and the shareholders did not feel they had undersold their shares.
What's more, Su Yi also allowed them to retain a portion of the shares.
"We all welcome Mr. Su, and other friends from Huayi Capital, to join our FXCM International family."
As everyone was momentarily stunned, Si Tu'erte, who had received Su Yi's affirmative reply, smiled and led the applause.
"We also believe that under Mr. Su's leadership, our FXCM International will be able to achieve new glories and embrace an even brighter future."
Following Si Tu'erte's words...
In the conference room, all other FXCM International company attendees applauded enthusiastically.
Afterwards, when the negotiation meeting officially concluded.
That evening, all members of the Huayi Capital team, along with the entire core mid-to-high level management of FXCM International, held a celebration banquet together.
At the celebration banquet, some mid-to-high level FXCM International members who were not qualified to attend the negotiation meeting that day.
Upon seeing the young Su Yi become the true controlling person of FXCM International, and hearing about Su Yi's brilliant achievements in this round of the 'pound exchange rate black swan' event, they all displayed looks of admiration.
"Wow, so that's our company's future boss."
During the celebration banquet, FXCM International's trading department manager, Xi Bei'er, curiously observed Su Yi from afar for a while, exclaiming in astonishment,
"I really can't believe that our company's true boss is so young. I wonder if our Mr. Su is married? Does he have a girlfriend?"
"Hey... you don't have any ideas about our Mr. Su, do you?" Next to Xi Bei'er, client department manager Sa Linna said with a smile, "But I have to say, our Mr. Su... does seem quite handsome."
"Right?" Xi Bei'er chuckled softly and said, "Our market operations department president, Ai Saike, had previously asked us to closely monitor the trading accounts opened by Huayi Capital on our platform. Who would have thought... in just two months, they've suddenly become our company's true owner."
"Alas... you never know what life holds." Hearing Xi Bei'er say this, Sa Linna couldn't help but sigh softly, "I never would have thought... the chairman and them would just sell our company like that."
Xi Bei'er, however, didn't find it surprising.
She said, "What else could we do if we didn't sell? Our institutional position deficit exceeded 1 billion US dollars, and our group simply didn't have that much money in its accounts. If we didn't sell, we would only have to declare bankruptcy, which would truly not benefit us."
"We should have listened to Xiu Bote back then." Sa Linna said, "If we had hedged some of our short positions in the pound exchange rate, we wouldn't be in this situation now."
"Who knew the UK referendum result would be unexpected?" Xi Bei'er said, "What if we had hedged our short positions and the pound exchange rate broke out extremely in the long direction? Then many retail investors would still suffer margin calls and abandon their accounts, and our group's short positions would also face huge losses. Perhaps... the consequences would be even more severe. Ultimately... I think it was our previous failure in managing clients' forced liquidation lines and our risk control plans for extreme market volatility that led to the current outcome."
"In this round of the 'pound exchange rate black swan' event, the company's risk control department has already taken a significant blame." Sa Linna said, "And now... you're still saying that."
Xi Bei'er said, "It is indeed a problem with our internal controls."
"Oh, never mind, let's not talk about this." Sa Linna paused and changed the subject, "Do you think there will be drastic personnel restructuring after Huayi Capital takes over our company? The board of directors will probably be reorganized, right? And some positions in core departments will likely change too, won't they?"
"The board of directors should be reorganized," Xi Bei'er said, "but the personnel structure of the various business departments shouldn't be adjusted, right? After all, I heard that our Mr. Su already stated during the acquisition negotiations... that FXCM International will continue to operate independently in the future, and Huayi Capital will not exercise long-arm jurisdiction or excessive intervention in our company."
"Is that so..." Sa Linna thought for a moment and said with a smile, "Then it seems this Mr. Su is a sensible person."
"Absolutely," Xi Bei'er said, "This person is clearly not simple."
Sa Linna smiled and said, "A simple person couldn't easily team up with international capital giants like Huayin International and Aberdeen Asset to collectively reap tens of billions of dollars in profits in the pound exchange rate market in one go."
"So, our company's future... should still be good," Xi Bei'er said, "Huayi Capital, as our new parent company, seems quite promising."
"Let's hope so," Sa Linna said hopefully.
The two had already been with FXCM International for seven or eight years.
If the company's future looked bright, they would naturally be willing to continue growing with the company.
"It looks like... Mr. Ai Saike, the president of our department, seems to have a good relationship with our group's new boss." Xi Bei'er continued to secretly observe the activity at the main table in the distance, whispering, "He's actually accompanying Mr. Su; this is a sign of promotion!"
"Promotion?" Sa Linna asked in surprise, "Surely not? Not long ago, because of the 'pound exchange rate black swan' incident, didn't he just make a self-criticism at the board meeting and have all his salary and benefits for this year forfeited by the group? Alas... our department was also penalized, all performance evaluations for this year are zero, and bonuses are out of the question."
"That was before," Xi Bei'er stated firmly, "With the new boss here, past events probably won't be dwelt upon too much. Judging by this feeling... if our group's board of directors is reorganized later, Ai Saike, if promoted, might become our group's new Vice President."
"Isn't this what Ai Saike has always wanted?" Sa Linna said, "However, if he becomes the Group Vice President overseeing the market operations department, that should be a good thing for our future, right?"
"Absolutely," Xi Bei'er said, "This will make our market operations department's position within the group increasingly central."
Accompanying their soft whispers.
Throughout the venue, other mid-to-high level management personnel of FXCM International who hadn't known Su Yi before, or hadn't interacted with Huayi Capital, or those who weren't very familiar with the details of Huayi Capital's acquisition of FXCM International at this time.
At this moment, were also discreetly inquiring among themselves and closely observing Su Yi's movements.
Of course, Su Yi paid no attention to any of this.
No matter what the management personnel of FXCM International thought, the acquisition was already a fact.
After the celebration dinner, the next day, Friday, July 15th, Su Yi rested for a day.
After that, he continued to negotiate with FXCM International's core shareholders and board members regarding the reorganization of FXCM International Group's board of directors.
After all, as the controlling party of FXCM International.
It was impossible not to arrange for Huayi Capital personnel to join FXCM International's board of directors, and at the same time, it was impossible to completely refrain from interfering in FXCM International's management.
The core shareholders of FXCM International, and the original board members.
Were naturally well-prepared for all of this.
Thus, under the joint deliberation of both parties, and the voting decisions of the original FXCM International board members.
Everyone added Wang Huaijin as an independent board member, and simultaneously elected Su Yi as FXCM International's Board Chairman and Group Chairman.
As for Si Tu'erte, he was elected as the Executive President of FXCM International Group.
Still managing the overall operations of FXCM International, and handling all FXCM International Group affairs authorized by Su Yi on his behalf.
And also, upon Su Yi's nomination.
Everyone additionally elected Ai Saike as the Group Vice President, primarily responsible for foreign exchange market trading business and the group's external business cooperation.
By the time Su Yi finished handling FXCM International's matters, the date had already reached July 21st.
On this day, after FXCM International had repaid its short-term loans and covered its margin call deficits, meaning after the entire FXCM International had temporarily overcome its difficulties.
With Su Yi's approval, the entire group issued an announcement to the international market and the industry.
Stating that the company's actual controller had changed to Huayi Capital.
When this news broke, not only were many in the industry shocked, but even many people in Gangcheng, thousands of miles away, and on the Chinese mainland, who were following the foreign exchange trading market, or who were themselves forex traders, as well as various other capital institutions monitoring the movements of Huayi Capital, all showed shocked and astonished expressions.
"I never expected that FXCM International, a long-established market maker in the foreign exchange market, would fall into the hands of Huayi Capital." On an online forum for foreign exchange traders in the Chinese mainland, someone exclaimed, "Mr. Su's moves are truly one after another, getting bigger and bigger!"
"Heh heh, I really didn't expect that one day, FXCM International's controlling party would become a Chinese-funded institution."
"Great, great! Tomorrow I'm transferring my trading account to FXCM International."
"This should be the largest overseas acquisition by a Chinese-funded institution this year, right? I wonder how much money Mr. Su's Huayi Capital spent to acquire FXCM International?"
"Based on FXCM International's market share and business scale, it must be at least two or three billion US dollars, right?"
"Holy cow, two or three billion US dollars, a ten-billion-level acquisition, Huayi Capital is truly rich."
"Of course, they're rich, are you kidding? Mr. Su just made tens of billions of US dollars in the foreign exchange market."
"But what is the intention behind Mr. Su's Huayi Capital acquiring FXCM International? Could it be that... Huayi Capital's business footprint is going to expand internationally?"
"I don't know, but it feels like Mr. Su is playing a big game."
"Wasn't it rumored before that Jiasheng International was going to acquire FXCM International? How did FXCM International end up in the hands of Mr. Su's Huayi Capital instead?"
"Who knows? If FXCM International hadn't released its own announcement, there would have been no news about this at all."
As everyone was discussing animatedly...
At this time, in New York, USA, at the headquarters of Jiasheng International.
Upon hearing the news that FXCM International had been successfully acquired by Huayi Capital, its company chairman, Xie Mo'er, also let out a long sigh, feeling very uncomfortable.
Originally, while other institutional parties were clearly observing.
If it weren't for Huayi Capital suddenly emerging, the desperate FXCM International would have already been theirs for the taking.
As a result, they had now completely missed out.
Of course, their ultimate decision to abandon bidding against Huayi Capital, this unexpectedly emerged prospective acquirer, was also because their own company's current fundamentals were not optimistic, and they were unable to offer FXCM International higher acquisition terms and the so-called cash acquisition plan.
Similarly, as he sighed, at the same time.
Within BNY Mellon and Citibank, which had either clashed with or collaborated with Su Yi's Huayi Capital in the pound exchange rate market, several Wall Street financial magnates also noticed this matter, and paid attention to Huayi Capital's external expansion and potential ambitions.
"Old friend, this Mr. Su you befriended in Gangcheng... seems to be truly no simple character."
At a coffee shop on a New York street, Han Fulai, a hedge fund manager from Blackstone Group, holding a Financial Times, smiled and said to Frederick, the star hedge fund manager from Aberdeen Asset, who was sitting opposite him and had returned to work in New York:
"To audaciously acquire FXCM International, a market maker, in such a short time, laying the groundwork for future large-scale foreign exchange trading operations, is truly a grand move."
Frederick calmly took a sip of coffee and said with a smile,
"I told you long ago, this Mr. Su from Huayi Capital should not be underestimated. Perhaps in the future... this person will become the most troublesome and formidable opponent for countless people on Wall Street in the financial trading market."
(End of Chapter)