Chapter 1396 - 1390: Lin Chuan's Grit
The price of iron ore plummeted, and Lin Chuan and his team seized the final opportunity to invest all the funds they had retrieved into shorts, dealing a fatal blow to the South Australian government!
However, after nearly half a month of entanglement, the South Australian government could not withstand such a fierce capital impact and had no choice but to give up in the end.
The price of iron ore had dropped by almost half compared to the beginning, nearly touching the cost line of iron ore!
In other words, even if you could sell iron ore now, you still need to make up for labor and shipping costs! The impact on South Australia's mining industry is self-evident.
At this moment, the steel alliances of China, Japan, and Han Li made a fresh pact and directly confronted the South Australian side! They declared that the previously reached price agreement could no longer accurately reflect the current trend of iron ore prices and demanded to renegotiate!
This time South Australia no longer had much confidence to compete with the three major steel-producing countries. Although what price was finally agreed upon was not directly disclosed, from the expression on the South Australian representative's face when he signed and left the venue, the major media were keenly aware.
Of course, the biggest gainer this time was the Red Tea Society.
There wasn't a financial giant like Sodis among them, but through collaboration, they managed to defeat a developed economy like South Australia and influence the short-term fluctuations in iron ore prices!
The global financial sector began to take this growing financial alliance seriously for the first time, speculating whether the next big financial star might emerge from there.
Among them, Lin Chuan was arguably the one who profited the most. Within two months, he gained nearly two hundred million US Dollars in profit again! More importantly, he successfully established his authority as a newcomer in the Red Tea Society!
It could be said that if Lin Chuan hadn't come up with a plan during that critical time, targeting Efei and Banan to make them withdraw from the agreement, they might have ended up at best in a stalemate with South Australia. Any slight mishap could have resulted in a total loss!
Earlier, some had underestimated this Eastern man without much power, but now no one dared to show that condescending look again.
Lin Chuan proved with genuine strength that he indeed had the ability to defeat Nomura Xin!
Jon laughed heartily, "Lin, your performance was simply spectacular! If it weren't for your decisions this time, I really don't know how I'd face my shareholders in the end."
Fuer loudly patted Lin Chuan on the shoulder, announcing their brotherly bond, "As you Chinese say, feel free to ask for anything in the future, and I will absolutely not decline!"
Lin Chuan said, "Hehe, speaking of which, there is indeed something I'd like to ask for your help with."
Hearing Lin Chuan's words, everyone showed a look of concern. With Lin Chuan's vast network and current strength, what could possibly require their assistance?
"Go ahead, my brother," Francis said, patting Lin Chuan on the shoulder.
Lin Chuan smiled faintly, saying, "Hehe, now that things here are over, I'm about to return home, and I will soon start to make a move on our domestic real estate market."
"Oh!" Upon hearing this, a chorus of whistles erupted at the banquet.
Though they weren't exactly familiar with China's real estate market, they knew it was likely overheated. Plus, real estate is a foundational support for any economy, with China being no exception.
Jon said flatteringly, "Just thinking about China's current economic scale, one can imagine what a giant its real estate market is. But our Lin possesses such nerve; he has the courage to take down such a colossus!"
Lin Chuan said, "The market development in the United States is far ahead of China's. I hope you can document the development, experiences, and lessons of the US real estate market and make a comprehensive report. I hope to find an appropriate solution for the problems our real estate market faces from it.
Francis said, "Hehe, this is just a small matter. Lin Chuan, rest assured, believe that you will receive our report within a week of returning home. Also, if you need some financial support, feel free to ask."
Lin Chuan noticed that when Fuer spoke the last sentence, most people's expressions turned a bit peculiar, except for Francis and Jon.
Lin Chuan smiled slightly, knowing that although he helped them this time, even saved them, letting them "remember" the favor was one thing, but asking them to pay it back in "real money" was something the majority couldn't manage.
Of course, some couldn't do it due to responsibilities to their shareholders.
But Lin Chuan didn't have high expectations from the outset, so there was no feeling of disappointment now.
As long as they could deliver the report he needed promptly, that would suffice.
Lin Chuan drank a couple more glasses of wine and excused himself to leave.
When Lin Chuan returned to the hotel, Xingzi and Meijia were already waiting for him.
"Mr. Lin, you've finally returned," Xingzi and Meijia greeted as they approached.
"Why? What's Nozu's purpose in sending you here this time?" Lin Chuan asked, looking at the two.
Xingzi said, "This time Nozu has indeed gone mad from losing. It seems he is under significant pressure from above. His hope this time is that we could uncover some useful information that could help him compensate for the loss of two high-level ninjas."
"Hehe, so that's how it is." Lin Chuan nodded and said, "Alright then, go back and tell Nozu that my next move upon returning will be in real estate. Such news should send waves of joy."
"Lin Chuan! Are you crazy? How can you let Nozu know about this?" Tang Yumeng was so angry she nearly tried to cover Lin Chuan's mouth.
Lin Chuan smiled slightly, "Without risking something, we won't gain anything substantial. Xingzi, remember, you can't just tell Nozu this time. Nozu is already on the brink of losing his mind. Use this chance to investigate who exactly is behind him."
Xingzi's eyes lit up, and she nodded, "Mr. Lin, rest assured, we will definitely seize this opportunity!"
After sending Xingzi and Meijia away, Tang Yumeng still felt uneasy, "I wonder if they can really find out who's behind the attempts to deal with us. Maybe people have already lost hope in Nozu and disposed of him."
"They won't, as long as Xingzi and Meijia remain by my side, Nozu still retains value. As long as I'm here, even if they are disappointed in him, they won't kill him."
"But it's unwise to let this information get to Nozu! Initially, after resolving the iron ore issue, we could devote ourselves entirely to addressing the real estate dilemma. But if the people behind Nozu learn of this, they'll certainly seize the opportunity to strike beforehand, leaving us fighting on two fronts!"
Lin Chuan nodded silently; even a few words from others revealed that while Tang Yumeng had never disclosed it, she still lacked confidence in resolving domestic real estate issues.
"Don't worry, the path is something we forge ourselves, be it our Japanese adversaries or the real estate market. Moreover, our strength has increased, nearly ten billion US Dollars. Now, what we need to do is return with our achievements, receive everyone's congratulations, and study how to handle those unscrupulous merchants."
After having fun by the sea for a day, Lin Chuan received word of Xingzi and Meijia's departure from Hawaii and returned to the country with Lin Chuan.
At this moment, Sichuan University Group's prestige at home had risen to a new level.
Although the strike against iron ore was carried out in the name of the Red Tea Society, astute individuals could naturally find out that Lin Chuan was one of the principal figures involved.
Thanks to their efforts, China emerged as a major beneficiary, purchasing ore at the newly agreed prices, saving the several major state-owned enterprises alone five hundred billion annually!
Also, because of this campaign, the Sichuan University Group caught the attention of certain high-level figures in the country, who highly praised Lin Chuan's talent and contributions.
Lin Chuan didn't expect this added benefit; if they target the real estate market next, having the backing of several high-ranking powerhouses would be even better.