Official Son-in-Law and the Beautiful Lady Fragrance
Chapter 1271 - 1271
Li Shiping's first investment was in an international stock of a grain and oil warehouse port.
Originally, he thought that country was an important global granary and had significant grain and oil trade with the domestic market, a surefire business with no losses.
As it turned out, a war broke out, and it seemed endless. Moreover, the grain and oil warehouse port was bombed, a complete disaster, with severe losses, and some shareholders even jumped off buildings.
Li Shiping belonged to a well-established family with substantial assets, and he didn't put all his eggs in one basket. A 300 million dollar investment in this grain and oil warehouse port, although it was bombed, the agreements were still in place, so he remained stable. After all, wars eventually end, and compensations and whatnot will still come through.
Li Shiping's other investment, 400 million dollars, was put into the pocket of an arms dealer. The arms dealer was quite impressive, securing munitions orders from the Xuaya government, covering everything from planes to artillery.
But unexpectedly, just a few days ago, Xuaya's anti-government forces won a major victory, ousting the dictator. It was a disaster; the orders were produced and delivered, some deposits were received, but the large payments were missing in action, never to be seen.
This large amount of arms, just shipped there, coincided with the outbreak of a rebellion. This batch of arms, valued at two billion dollars, ended up unused and bombed into heaps of scrap metal.
The arms dealer had no more money because he was a middleman, earning by flipping hands, leaving Li Shiping's investment at a huge loss! In this situation, even if you take legal action, you wouldn't get a single penny.
Li Shiping had another two hundred million dollar investment, also terribly unfortunate. This investment, initially the right direction, was in the oil transportation industry, specifically Southeast Asia's oil transportation industry.
However, just three months ago, in a certain Southeast Asian country, a raid in an anti-drug war discovered that this oil transportation conglomerate was suspected of smuggling drugs on a massive scale, becoming part of an international drug trafficking network.
Damn, this is a disaster, all the funds are frozen. All incoming cash flow has to explain the source of funds for any chance of being unfrozen. Of course, this conglomerate was indeed part of Southeast Asia's Dark World, and the problems were quite significant. But the mastermind behind it not only ran this conglomerate but had multiple ventures, they were doing well, while the investors took the hit.
The source of Li Shiping's funds was domestic black money, how could he explain that? This issue, he never dared to tell his half-brother! The entire Zhang Family had no idea about this, always thinking they were still profiting!
The information gap between domestic and international scenes is really terrifying if you don't interact frequently. Why do they prevent you from browsing foreign websites? Do you understand? Hehe...
All things considered, Li Shiping was left with 150 million US dollars in his hand, mostly bullish US stocks, which was a bet he made correctly. Of course, anyone with a bit of experience and insight into the stock market wouldn't generally have problems investing in US stocks.
Overall, the Zhang Family's money in Li Shiping's hands earned more than a hundred million US dollars, proving he's quite a financial talent. Unfortunately, when the money moved, and the direction was wrong, there was nothing more to be done.
At this point, the Family Head of the domestic Zhang Family decided to invest two hundred million US dollars back into the country as foreign capital, and there lies the problem?