Jingzhou.
In the urban area, in the large conference room in the headquarters building of Haiyi Group, witnessed by more than 20 negotiation teams from Phoenix, Haiyi and Wang Baocai, representatives of the three parties, Cao Danqing, Tang Xuan and Wang Baocai, signed to confirm the "annexation". "Haiyi Group's agreement.
At its peak, Haiyi Group's assets were valued at US$12.5 billion. It can be regarded as a relatively eye-catching old unlisted company in the market. It is involved in multi-distance operations, and its main business areas are: chemical industry, foreign trade, finance, and minerals.
Jing Gao expressed his opinion to Cao Danqing: Phoenix Group should not get involved in too many industries. This is a self-preservation strategy!
A consortium involved in multiple industrial fields will not end well if it appears in China. The words are divided into two parts. On the one hand: a big tree attracts the wind, so you should leave more food for others. If you make too many enemies, you will be done with it sooner or later.
On the other hand, trying to become a presence similar to the Samsung Consortium that affects the country's economic lifeline is to think that one's own life is too long.
There are two things that sticks cannot avoid: three stars and death. If the Phoenix Group really achieves this level, then he is probably not far away from entering. Samsung’s successive leaders have been plagued by lawsuits, and Lee Jae-yong is still being prosecuted.
For example, Alibaba looks like a behemoth, with 25 divisions and 7 major business groups, but it is essentially an Internet company. Alibaba will not get involved in agriculture or heavy industry.
Tencent's main business is social networking and gaming.
From a normal business perspective, every other line is like a mountain. There is no such thing as a company jumping across multiple industries repeatedly.
Enterprises try to diversify because they do not want to put their eggs in the same basket, but they want to find new profit points and resist market risks. This requires spending a lot of manpower and money on continuous trial and error.
And the problem of well height. As a powerful person with unlimited cards, as long as he enters a certain industry, he will definitely become the industry leader regardless of the cost. It’s nothing more than a matter of time!
Therefore, the restriction for him is that it is not a big problem if you enter ten or twenty industries. If you really expand too far, the outcome is foreseeable. This is an implicit restriction on Shenhao. He had realized it before talking to Guo Siyue.
…
…
Therefore, Cao Danqing, on behalf of Phoenix Group, swallowed up the financial business accounting for 56% of Haiyi Group's total assets. Transfer funds, insurance, securities and 9% of the shares of Jingzhou City Commercial Bank, which are extremely profitable high-quality assets, away.
Haiyi Group's sales last year were US$24.5 billion, and its financial business contributed very much. Swallowing this one gulp is a great nourishment for Phoenix Group!
Phoenix Financial Group Co., Ltd., which was just established not long ago, is called the Financial Business Group within Phoenix, and its business can immediately spread throughout Handong. The next step is to expand to the capital or to the magic city.
This is a completely different approach to Alipay!
Phoenix Financial does not operate "small loans". Functions such as Huabei and Jiebei are not allowed to be activated by Jinggao. Previously, he had urged his partner Ouyang Wan, a well-informed person in Shanghai, to stop this business.
P2P Internet financial business is currently very popular, and Jing Gao has noticed it for a long time. All national teams are present.
The specific method is to use products such as Yu'E Bao to allow users to download the relevant company's App and deposit money at a rate higher than the interest rate on bank deposits. At the same time, these companies will lend money out through small loans.
Jing Gao had communicated with Xiao Ma on the phone before. Tencent's WeChat payment adopts prudent financial measures. They need to improve the entire payment system rather than financial innovation.
Jing Gao's idea is very simple: Since ancient times, how many loan sharks have ended up well in the end?
To wrap it up in the discourse system of the Wei and Jin Dynasties: This matter is not dignified!
Don’t package loan sharking in such a pure way: there is demand for loans in the market, and it is reasonable if it exists. Look at the situation of campus loan collections. How many evil things are done?
Campus loans and long-term apartment rentals are essentially capital doing evil! They wantonly cut young people's leeks and drank their blood.
This is just like Jing Gao's requirement that no public stalls are allowed in the residential properties developed by Xia Shang Real Estate. The contract says how many square meters it is, that’s how many square meters it is.
Why do you want to learn from Li Cucumber? Many foreign countries do not have public stalls. Gentlemen love fortune, in a proper way. Isn’t it okay to earn money with integrity and responsibility?
…
…
Here we need to introduce the equity situation of Haiyi Group. As a large enterprise worth nearly 100 billion yuan, with more than 100,000 employees, Haiyi Group's organizational structure is undoubtedly very complex. It is far from a simple linear structure such as parent company, subsidiary company and subsidiary company.
Among them, there are various cross-shareholdings, equity incentives, etc.
This results in the ownership structure of Haiyi Group being very complicated.
After sorting out the equity of Haiyi Group and its affiliated companies, Phoenix's team can roughly divide it into this: the largest shareholder, An Xiaoqian, and the companies controlled by her name, together account for about 65% of the shares.
The second largest shareholder is Galaxy Group, which holds about 15% of the shares. Wang Baocai, the second largest individual shareholder, and some of the small shareholders who betrayed An Xiaoqian in this alliance accounted for about 18% in total. Another 2% is employee equity incentives.
An Xiaoqian is still very loyal. When Haiyi Group's capital chain is broken, Phoenix Group takes over her shares and debts and injects capital to revitalize Haiyi Group without affecting the equity of other small shareholders.
In addition to swallowing up Haiyi Group's financial business, Phoenix Group also swallowed up "foreign trade" and some of Haiyi Group's properties and land assets in Jingzhou. Altogether, it accounts for approximately 10% of total assets.
Coordinate and squeeze all the equity interests of the remaining small shareholders into chemicals and minerals. Small shareholders who are unwilling will invest in buying their shares and liquidate them.
Wang Baocai and his collaborators will control the chemical and mineral assets of Haiyi Group. This is the benefit of "collusion".
Of course, the brothers will settle the scores. They don't have enough financial resources to swallow up this part of the assets. Phoenix Group holds a 10% stake in each of these two businesses and Bank of East Asia will grant them a US$100 million loan.
Galaxy Group's 15% stake was worth US$1.875 billion, and Phoenix Group bought it at an ultra-low price of US$300 million. Remove the influence of Galaxy Group from Haiyi Group.
This was only possible when Ren Lie came to discuss it.
…
…
"Sign it!"
Cao Danqing was at the conference table, picked up the signature pen prepared by her assistant, and wrote her name on each document.
Cao Danqing signed the transfer agreement with Ren Lie in the morning, and he is not here.
Tang Xuan sat expressionlessly next to Cao Danqing, took the handed document, and signed the agreement calmly.
Wang Baocai on the other side smiled like Maitreya Buddha, signed the documents with a smile, handed the documents to his assistants one by one, and said: "Okay."
"Pop!"
There was a burst of not enthusiastic but relaxed applause in the conference room. The reason for the lack of enthusiasm is that no one is willing to emotionally accept the reality that Haiyi Group has been swallowed up by Phoenix Group.
However, everyone has to face reality.
Now, they are subordinates of Phoenix Group!
At this point, Haiyi Group’s affairs are over.
