Chapter 904 – Ah… My phone is out of battery again
“Boss, the rates had dropped to 27:1. Are we closing our futures contract?” He Zhaoji asked.
“Cancel all of our futures contracts! Don’t keep anything!”
Although He Zhaoji was shocked by Feng Yu’s decision, he immediately gave out the orders to the rest to close all their Short position futures contracts. They had bought the futures contracts at 24:1. With their leverages, their returns had doubled.
They could get a Short position futures contract worth 10 Billion USD with only 1 billion USD, and their returns from this contract are more than 1 billion USD.
Of course, they had been losing money from dumping Thai Baht and shares. The money they raised is mainly from loans, and the monthly interest is not a small amount.
……
Kirilenko is now learning something new from Fu Guangwei. Mahjong. When his subordinate came over to inform him of the latest news, he got excited and pushed his tiles down. “I win!”
Fu Guangwei looked over. “Brother Ki, your hand is not a winning hand. You have three sets of triple tiles and a single tile. This is considered a fake win, and you need to pay us to double.”
“I will pay. How much is it?” Kirilenko asked.
Half of their shares’ short position futures contracts were canceled, and all of their Forex futures contracts were closed. This time, he had made almost 1 billion USD, and he does not mind losing this game of Mahjong.
“Brother Ki, what happened? Why are you so happy?” Fu Guangwei asked.
“Nothing. Let’s go drinking at noon. I will treat!” Kirilenko was overjoyed.
Feng Yu was impressed with Fu Guangwei. There is a language barrier between both, and Kirilenko’s broken Chinese is impossible to understand. But Fu Guangwei and Kirilenko can still become close friends and can even teach the latter how to play Mahjong.
……
“Boss, that side had not only canceled their shares futures contracts. They had even canceled all of their Forex futures contracts!” Drucken Miller entered Soros’s office.
“What? They had canceled their Forex futures contracts?!” Soros was shocked. Why is Feng Yu doing this? Is he going to withdraw?
Soros had been waiting for Feng Yu’s call last night. But after more than 10 hours, Feng Yu still have not called.
Even if Feng Yu’s phone ran out of battery yesterday, his phone should be fully charged by now. Even if his phone is not charged, he can also use someone’s phone to call.
Could it be that Kirilenko did not pass the message to Feng Yu, or did something happens to him?
No. I must call Feng Yu now to ask him what he is doing.
“Boss, someone is building a Forex futures portfolio in Malaysia, Singapore, and many other countries.” Someone came into the office to inform Soros.
Huh? Does this mean Feng Yu not withdrawing from these operations? If not, why will he build portfolios in other countries? But Feng Yu had sold off all his Thai Baht.
Wait. Is Feng Yu thinking of taking advantage by following behind us?
We are dumping Southeast Asia’s currencies in large amount to suppress the exchange rates. The price we paid is significant. This Feng Yu is going to dump a small amount of currency to minimize his losses, and after we succeed in lowering the exchange rates, he will make profits from there?! In the end, his profits might be more than us!
All of us had agreed to work together, and what you did is not right!
This is like both of us are going to fish together. In the end, I bought the bait, boat, and wasted my energy to row the boat, and you just cast a big net and catch all the fishes for yourself!
After all the futures contracts are closed, Feng Yu’s phone rang when he is relaxing with a cup of tea.
Oh, it’s Soros calling. Feng Yu knew why Soros is calling even without answering the phone. But he had thought of an excuse.
“Hi, George. Have you eaten?”
Soros: “……” Do all Chinese greet each other by asking if they had eaten?!
“Feng, I think you should know the reason why I am calling you. I had called you yesterday, but the people in your office says you are not around and your phone is switched off. I asked Mr. Kirilenko to contact you, but why have you not call me?” Soros’s tone was pissed.
“Ah… My phone died yesterday, and I did not bring my spare battery. Kirilenko had told me later, but it’s too late to call you.” Feng Yu was full of excuses.
Soros knew Feng Yu was not telling the truth. Too late to call me? This is not a joking matter, and I will answer your call even if it’s after midnight! This matter involves more than a few billion USD!
Even if it was too late yesterday, why didn’t you call me this morning? Soros doesn’t even need to question Feng Yu and could guess his reply. ‘Too busy and forgot about it.’
Busy? Busy getting your men to cancel off all the futures contracts?
“Feng, why did you cancel off all your shares and Forex futures contracts?” Soros asked directly.
“I met some problems and needed money. You should know that I still have lots of other businesses. I am not like you, where you only make investments.”
“What problems are you facing to let you cancel off all your futures contracts?” Soros suppressed his anger and asked.
This was a lie. Even if you need money, do you have to close all of your futures contracts? Physical businesses and financial investments are different. One billion USD might be nothing in financial investments, but a 1 billion USD physical business will be a mega MNC in any country!
“All my contracts? Who told you this? I had only closed a small portion of it now.” Feng Yu feigned ignorance.
Huh?! Only a small portion? Does that mean our information is wrong? It shouldn’t be. Other than Feng Yu and Kirilenko, who else will deal in such a significant amount?
Wait. Feng Yu said he had only closed a small portion. What about Kirilenko’s fund, which Feng Yu is managing? Also, Feng Yu said he had only closed a small portion of his contracts now. He should have closed everything before today’s trading ends!
This Feng Yu is playing with words!
Soros is furious and felt Feng Yu is taking him for a ride.
“Feng, you had closed all of Kirilenko’s futures contracts, right? Feng, we had agreed to cooperate. How are we going to work together in the future with what you had done?”
Feng Yu raised his brows. What now? Do you want to fall out with me?
“You still dare to talk about our agreement?” Feng Yu sneered. “We had an agreement that you all cannot attack Hong Kong. But I found out that someone had built a Hong Kong currency’s Future contracts portfolio.”
If it weren’t for Professor Liang, Feng Yu would still be in the dark. Feng Yu thought that Soros and his men would only act after Hong Kong’s return. But who knows that they had started to make preparations now!
Soros thought no one would find out what he did. But with Superman Li and Fu Rongqi around, nothing can escape their eyes in Hong Kong. Although Soros had split his fund to build his portfolio slowly, the total amount can be easily traced.
“Feng, trust me. That is not me.”
Not you? Who will believe your lies?!
“Ah… Sorry, my phone’s battery had run out again!” Feng Yu hangs up his phone. He firmly believes that Soros will contact him again after he suffered defeat. Soros will not want Feng Yu to interfere with his plans!
