Super Spender-Chapter 323 - 317: Acquisition
Chapter 323: Chapter 317: Acquisition
Translator: 549690339
“Uh…” Oscar Blair and the others were perplexed. It’s standard for airlines to apply for routes and pay the necessary fees to the respective countries. However, if you’re applying for routes but not operating on them, isn’t that basically taking a loss?
But as long as you pay on time, nobody would meddle too much. but… isn’t this excessive extravagance? How many trips can you make with a private jet? This… this is too lavish. After some consideration, everyone felt speechless. After going to the length of buying an airline company for the sake of securing routes, what is this application for unused routes?
“So, everyone, let’s discuss which airline company to buy. This is your area of expertise, right?” Finn Lewis broke the silence with a smile.
“There’s no problem buying an airline. However, there are companies like National Defense, Eastern Airlines, Southern Airlines, and Shenzhen Airlines which are state-run, and it would be unlikely for them to be for sale. We can only purchase private airline companies. Although acquiring a private airline would require approval, the chances of a successful purchase are still quite high. We can handle this,” Matthew Chan said confidently.
“Private Airlines? Which private airlines are there domestically?” Finn didn’t quite know the answer since Matthew seemingly listed all the airlines that Finn was aware of.
“Spring and Autumn, Lucky Airlines are examples of private airlines,” Matthew said with two examples, implying that there were others, though their scale might not be as significant.
“Then let’s buy Spring and Autumn Airlines,” Finn nodded, not knowing how extensive Spring and Autumn Airlines was but assuming it wouldn’t cost too much.
“The total market capitalization of Spring and Autumn Airlines is around 35 to 36 billion. However, the circulating market value is around 9 billion, representing about 25% of the shares, the remaining sixty percent are in the hands of Spring and Autumn International Travel Group. To achieve Mr. Lewis’s goal, owning 20% of the shares would be sufficient. There’s no need to gain control,” Matthew explained right away.
35 billion would convert to about 6 billion federal coins, an amount Finn Lewis didn’t currently have in cash. But if he were to merely acquire more than fifty percent, the cost would be approximately 3 billion federal coins. As for Matthew’s suggestion, after careful thought, Finn Lewis decided to take control. After gaining control, it would be easier to do whatever he wanted.
“Let’s take control then. Also, choose an airline in both the Southern and North Federation. As long as they have the qualifications to apply for routes, it’s sufficient,” Finn contemplated, deciding it would be beneficial to include two airlines from the federation. However, there’s no need for large-scale ones in the federation. There are plenty of airlines with a market capitalization of a couple hundred million federation coins. The most important point was… after purchasing these airlines, they could be used for more than just securing routes.
This plan indeed fitted well with Henry Lewis’s plans. Two birds with one stone! Furthermore, his reputation of being a high roller was already known by everyone. It would be beneficial to make everyone believe that he was a spendthrift. The true purpose of buying these airlines, he guessed, probably would not be speculated by others. Finn Lewis mulled.
“No problem,” Lawrence Rodger and Oscar Blair’s faces lit up with delight. It seemed that buying companies involved a lot of effort with little profit.
However, in reality, the transactions amongst banks yield a significant profit. As for how this profit was made, that was not public knowledge.
Otherwise, why would these financial groups be eager to provide you with financial personnel and private wealth management assistants for free after your assets reach a certain level? They help you with tax planning, complete your work, and even assist your acquisition of companies. During these acquisitions, these financial groups have the positioning.
There’s no such thing as a free lunch; who would do these tasks for you if there were no profit?
“I brought along another list,” Finn Lewis smiled, producing another list from his bag, “There are dozens of companies on this that I want to acquire by the end of this year.”
As Finn spoke, he handed the lists to the representatives of the three banks.
Lawrence Rodger and Oscar Blair were dumbfounded, but their excitement was hardly concealable. Luca Hall’s demeanor seemed elevated, amazed at Finn’s ambition of acquiring several dozens of companies! Regardless of the scale of these companies, even if every company only had a market value of a million federation coins, to acquire dozens at once was still extravagant!
Matthew Chan and the others received identical lists to review. Meanwhile, Finn Lewis turned to Dim Morris. To be honest, Finn supported the domestic production of these large aircraft. Many people pointed out numerous existing problems daily on the internet.
To put it bluntly, when the Flame Nation achieves some advanced accomplishments, the first reaction is disbelief. When the North Federation achieves something incredible, the first reaction is admiration. The cause for this is a lack of self-confidence, and there are multiple reasons contributing to this.
To put it more bluntly, what did the Flame Nation have since 1950? The answer is basically nothing. Not to mention the foundation of heavy industry, they couldn’t even produce basic light industry products at the time. If it wasn’t for the concentrated effort to develop specific industries back then and the dedication of citizens who contributed tremendously to the nation’s growth, the nation wouldn’t have been transformed from desolation to becoming the world’s largest economic entity in just over sixty years.
Yes, you heard it right! According to international banking organizations and other assessment bodies, Flame Nation, based on real purchasing power parity(PPP), has formally surpassed the North Federation to become the world’s largest economic entity. The so-called PPP is a comprehensive calculation rule, and its rate with federal coins is approximately 3:1.
Which means the purchasing power of three Flame Nation coins is roughly equivalent to one federal coin. The PPP is a comprehensive calculation method for a nation. Don’t use any single product to make comparisons as it doesn’t work that way.
In just over sixty years, from a struggling nation where providing food was an immense challenge for its vast population, it has now become the world’s largest economic entity and the only one with a complete industrial system in the world. Yes, even the North Federation doesn’t have a complete system. Suffice it to say, you can find any product’s complete industrial chain—right from the earliest raw material to the final product—in the Flame Nation!
The establishment of this perfect industrial system signifies the Flame Nation’s independence from relying on other nations!
Therefore, when looking at problems, please consider them from a comprehensive perspective, incorporating historical and developmental factors. This way, you will be able to perceive a complete picture, without looking at the world through a biased lens..
