the end of the month.

September 30th, the eve of National Day.

The annual Hurun List is released much later than last year.

Seeing this, the netizens were overjoyed.

"real or fake?"

"I wipe!"

"It's only been half a year, and it has risen so much? The number is wrong."

"..."

I saw that Shu Fu's net worth has increased several times this year. You must know that even if Linghang Technology was listed, Forbes only had 100 billion US dollars in March.

That is about 700 billion yuan.

Now.

Twenty thousand!

Fuck more than two trillion yuan.

Depend on!

It’s not enough to make an extra zero, but it shouldn’t grow so fast. Everyone took a look at the share price of Linghang Technology, and it didn’t increase much.

After the arrival of aliens, the global economy is in turmoil.

The stock market has its ups and downs.

therefore.

The current market value of Linghang Technology is even only 150 billion US dollars, which is only a quarter higher than the issue price.

But what's going on in front of me? In theory, it should even be worth less.

Money conjured out of thin air?

However.

Soon, after reading all the reports, everyone was speechless.

"I see."

"It's crazy. As soon as it goes public, it borrows money to expand."

"Hold the grass!"

"..."

In just half a year, the Vanguard Group has purchased more than 40 companies, large and small, most of which are technology companies and related to aerospace.

Some acquisitions.

Some take shares.

In short.

Spread out before and after, more than 100 billion US dollars, which is different from the market value, it is real money.

financing.

loan.

Issue bonds.

As well as some of the profits earned from the products, buying and buying everywhere has expanded the total assets of the Vanguard Group by at least three times.

As the largest shareholder of Pilot Group, his net worth naturally skyrocketed.

209.5 billion.

RMB!

Another look at number two... my eyes.

It turned out to be only 93 billion, not a fraction of it.

God!

Everyone is not surprised by Shu Fu's wealth growth rate, but thinks that Shu Fu is crazy. When is the global economic crisis now, the way forward is unclear.

Pilot Group actually made such a big move.

yes.

asset growth.

but.

Debt is also expanding wildly.

The IPO money, tens of billions, does not need to be repaid.

But what about loans? What about the issuer? All of these have to be repaid, and there are 70 to 80 billion US dollars. This is not the point, the point is the secondary financing.

Some companies, after buying, use it to borrow money.

Again and again, rolling and rolling, using the lever to pry.

The asset scale of the entire Navigator Group has skyrocketed, but the debt scale has also exceeded 170 billion US dollars, which is the profit of Navigator Technology in the past ten years.

crazy!

crazy!

. . .

The major media frantically sent reports about Pilot.

"Be vigilant, Linghang Technology has the risk of default."

"Trillions of debts, what impact will it have on Pilot."

"..."

Most are not optimistic.

after all.

In terms of tens of billions of dollars, it's okay to say that Linghang can afford it, but now more than 170 billion dollars is simply a huge and terrifying number.

With such a debt scale, can Vanguard Group support it?

Worry!

very worried.

but.

Although it is not optimistic, there is no bad news. After all, although Pioneer Technology is expanding blindly, all the companies it buys are technology companies with great potential.

It won't necessarily collapse.

. . .

However.

The media in some countries are not so easy to talk about.

Such as India.

"Pilot is over. Shu Fu is looking for death. In the situation of declining revenue, he also borrowed crazily to overdraw future funds. The debt explosion has become inevitable."

"A young entrepreneur is about to end."

"The debt that cannot be repaid, the Shu Fu myth ends."

"..."

The headlines are simply sensational, as if the pilot is over, anyway, it doesn't cost money to talk about it, and it also balances the unhappiness in my heart.

The neighbors are growing too fast.

envious!

Navigate the world's attention.

envious!

Now that there is an opportunity, of course he is merciless.

. . .

In addition, the European and American media also reported, although they did not add insult to injury, after all, they received the advertising fee of Pilot, but they also mentioned it in a moderate way.

---There is a risk.

therefore.

that day.

The share price of Linghang Technology fell by 15%.

chain reaction.

the next day.

It fell another 10%, and there was no sign of recovery in the next few days. After the National Day holiday, the market value once fell below 120 billion.

If it continues to fall, it will soon fall below the issue price.

"I also heard that the undisclosed debt of the Vanguard Group is at least 30 billion U.S. dollars, which means that the total debt may exceed 200 billion U.S. dollars."

"real or fake?"

"With the madness of the Pilot Group, it's very possible."

After it was revealed that the scale of debt was more than that, it became even more pessimistic.

. . .

China.

Watch the news, and then look at the share price of Linghang.

"The building will fall?"

It's a word that pops up in a lot of people's minds.

a year ago.

No one thinks that Linghang will collapse. As long as Shu Fu does not mess up, there will be no decline at all. The product is good, the management is good, and there is still a huge amount of cash in hand.

It can be called the level of inhumanity.

High spirits.

The limelight is in full swing.

now.

The situation changed.

At the beginning of the year, Apple's sixth-generation machine was launched, competing with Linghang.

Afterwards, aliens appeared, and the global economy began to slow down.

Today, the revenue of Linghang Technology has been declining for four consecutive months.

However.

Never, never.

The richer you are, the mad wolf you are.

Obediently!

The debt of nearly 200 billion US dollars, Shu Fu is crazy, do you know how much money it is, he dared to borrow it, and directly pushed Ling Hang to the edge of the cliff.

If you are not careful, you will be smashed to pieces.

Everything, return to zero!

. . .

See this scene.

"It deserves it!"

"Let you be so irritating before and disrupt the market."

"..."

There are really many people who complain about Shu Fu, such as some entrepreneurs.

young age.

Worth trillions, people envy.

However.

I'm still too young, and my strides are too big, and I'm easy to talk nonsense. In such a big park, one person's office space is enough to sleep, and there is an artificial lake.

Show off your wealth!

Properly flaunting one's wealth makes one's teeth itch.

housing.

medical.

Even the food that the employees eat is produced by a special farm. See how envious our employees are, making us like black-hearted bosses.

How exasperating!

It's all right now, the arm is about to collapse, it depends on what you do.

The wall is falling and everyone is pushing, there are many allies leading the way, and there are also many opponents.

snort!

Let's see what you're yelling about!

. . .

for a while.

The Pilot Group, Shu Fu, stood on the cusp, and everyone was waiting for an explanation from the Pilot Group, so that Shu Fu could stand up and at least say something.

However.

A week passed, and by mid-October, there was no shadow at all.

It seems that outside public opinion is of no use to Pilot.

Say something.

Just ignore the stock price that continues to fall? Is this salted fish really good? Do not save yourself?

"It's really in line with Shu Fu's style!" He was speechless to the extreme.

. . .

clarify?

help yourself?

Shu Fu said: I don't have time, I'm busy, so I don't have time to care about it.

Will the building collapse?

Building collapsed?

finished?

Under normal logic, the probability is not small. Once such a rapidly expanding debt scale loses market confidence, it will be an avalanche, which is out of control.

However, that is the general case.

His building will not collapse.

As for saving the stock price? I'm not interested, anyway, after buying, buying and buying are completed, continue to fall, and fall below the issue price, and then you can buy back the stock with very little money.

I'm full, take a break, and pay attention to the yelling of some boring people.

Things are made.