Blackstone Fund is a well-known American investment fund. When it acquired Columbia Pictures in the summer, it worked with them. Later, when it acquired Columbia TV, Rainbow Media Holdings, Turner Broadcasting Corporation, Universal Pictures and other companies, it also cooperated with them, and it can be regarded as a very close partner.

Although the Blackstone Fund was not established for a long time, it was just established in 1985, only fourteen years ago. However, in just fourteen years, the Blackstone Fund has developed extremely rapidly.

When the company was founded, the startup capital was only 400,000 US dollars, but now they have already managed $30 billion in assets and annual profits exceeding $1 billion. The average employee generates $875,000 in revenue, which is higher than the per capita profits of well-known investment banks such as Goldman Sachs and Lehman Brothers, so they are also well-known on Wall Street.

Now, the report it published points out that Enron has made up profits, transferred debts, and illegal stock sales for many years, which is naturally particularly eye-catching.

In the face of Blackstone Fund's public accusations, Enron did not respond immediately.

The reason is very simple. After selling the company and throwing the blame to the British consortium headed by Li Jiacheng, the senior executives of Enron immediately fled with the money overnight and ran to hide with countries that had no extradition treaty in the United States.

Li Jiacheng and others had just taken over An Ran and had not reviewed the company's accounts. They believed that An Ran was a high-quality company with excellent performance and lucrative profits. Therefore, when they saw this investigation report, they did not recover for a while.

At first, they thought Blackstone Fund deliberately issued false reports to discredit Anran and took the opportunity to short. This is not uncommon on Wall Street, such as the well-known American Muddy Waters company, which specializes in shorting Chinese listed companies in the United States.

But when they saw that the report listed so much evidence, pictures and texts, detailed numbers, and some people had evidence, they had to start to believe that this investigation report did not seem to be a smear.

At this time, when they wanted to find the senior executives of Anran Company to confront them and ask them to explain what was going on, they suddenly found that the former senior executives of Anran Company had already disappeared. The phone was shut down, the house was empty, and the birds were flying and disappeared.

At this time, if Li Jiacheng and others don’t know that they have been deceived, they are really stupid and hopeless!

...

"How is this possible? How could such a big company be a scam?!" Wu Qing said in disbelief.

He couldn't believe that such a well-known and praised company would be a scam. This is really incredible. Even if they are stupid, stupid, and foreigners, they don't know much about Anran Company.

But Fortune magazine is a well-known American financial magazine, and the Forbes rich rankings are rated by it. Lehman Brothers, Merrill Lynch Bank, Goldman Sachs Investment Bank... These are all famous investment companies on Wall Street. They can even be deceived. It is incredible to hold large-scale shares in Anran.

"What should we do now? 260 billion Hong Kong dollars, how should we pay it back!" Guo Bingxiang frowned with sorrow.

In order to acquire Enron, they borrowed 260 billion Hong Kong dollars from the bank, and each company had an average of 40 billion Hong Kong dollars. They originally thought that they would borrow Enron's profits to pay off their debts, but now Enron is obviously a shell, with all their performances being forged and heavy debts.

Not only did they have no money to help them pay off their debts, but they also had to help Anran pay off their debts. In this way, they would have to bear double debts, nearly 400 to 500 billion Hong Kong dollars, and the whole family would have to pay 700 to 80 billion yuan. Isn’t this a life-threatening thing!

"No wonder I didn't buy it halfway through summer. This is just the trap he put on for us!" Jia Daoli only came back to the taste.

Xia Tian is richer than them, and he takes the lead. Logically speaking, the acquisition of An Ran cannot fail. But he failed. It is really suspicious to think about it now!

Unfortunately, they were blinded by victory because they successfully acquired Hong Kong Telecom at that time, and were worried that they would buy Enron in the summer, so they made a greedy effort and completed the acquisition without careful investigation. As a result, they crashed into a trap set by others, with 260 billion Hong Kong dollars. This loss is really unbearable!

"Damn it!" After he reminded him, Li Jiacheng and others also woke up, and immediately covered their foreheads with annoyance.

Fortunately, they boasted that this time defeating Xia Tian successfully acquired An Ran was a strategic action with vision, courage and skills. Now they are really slapped in the face by this report, and Jin Xing'er is so slapped in front of him. Not only is his face hurt, but his heart hurts even more!

...

After the investigation report of Enron Company was released, the information was quickly confirmed. Investment banks sold their holdings of Enron stocks and made their final struggle.

A large number of stocks were sold out, but no one was willing to take over. After all, everyone now knows that Enron is just an empty shell, all its performance is fake, and it is likely that it is insolvent. In this case, its stocks are even worse than toilet paper.

Therefore, Enron's stock price plummeted, from the eighty dollar a few days ago, it had fallen to only two dollars in less than two days. The market value of tens of billions of dollars evaporated, and countless shareholders wailed miserably. Even large investment banks such as Lehman, Merrill Lynch, and Goldman Sachs suffered heavy losses.

The British faction led by Li Jiacheng is naturally even worse, with the losses of at least more than US$30 billion.

And this is not the end, the US Securities and Exchange Commission began a formal investigation into Enron and Partnerships.

After the news was announced, the stock price fell again.

The media has also changed the previous tone and began to take advantage of the situation. After all, "bad news is good news", and the people like to watch this kind of excitement.

Immediately, former senior executives of Anron fled with their money, Li Jiacheng and other British consortiums lost 200 billion Hong Kong dollars, Goldman Sachs, Merrill Lynch, Lehman lost billions of dollars, Anderson's accounting firm was investigated, and a series of explosive news was released one after another, making the public really dazzled and they were overwhelmed.

And among a series of negative news, there is a good news that stands out.

"Fu Jiang Xia Tian escaped the Anran trap by chance and saved 260 billion Hong Kong dollars in assets!"

This report claimed that Xia Tian also intended to acquire An Ran, but was eventually disrupted by Li Jiacheng's British consortium and failed to acquire. But now it seems that Xia Tian is really worthy of being a lucky general, and he was wrong, avoiding a big trap and saving 260 billion Hong Kong dollars in assets.

The British group led by Li Jiacheng seemed to have defeated Xia Tian and successfully seized the opportunity, but in the end it was a waste of money. It was really a carpenter who wore shackles and suffered on his own!
Chapter completed!