Galaxy Group used to be a very large group, involved in real estate, hotels, convention and exhibition centers, export trade, banking, insurance, securities, venture capital, infrastructure, property, aviation, automobiles, heavy industry equipment manufacturing, medicine, medical equipment manufacturing, chemical industry, Electronic manufacturing and other industries.
It not only has domestic layout, but also has companies and businesses overseas such as Southeast Asia, Eastern Europe, Western Europe, and North America. Assets are as high as US$300 billion.
And there is also a circle of peripheral member companies. Haiyi Group, Ronghe Group, Huzhi Media, Jincheng Real Estate, Wei Chunqiu, and Haotian Pictures.
But now the Galaxy Group has long since fallen apart under his "blow".
Its member companies have severed ties with it. Haiyi Group has gone through mergers and splits, and now only its foreign trade business remains, and it belongs to his Taichu Group. Ronghe Group was merged by him. The actual control of Jincheng Real Estate is in his hands. Hu Zhi Media and Wei Chunqiu are attached to him. Haotian Pictures has withdrawn from the ranks of domestic first-tier film and television companies.
Galaxy Group's business in Western Europe and North America was taken over by Guo Siyue's Yuexiu Consortium, and the proceeds were used to cover its own debts. Lin's Paper, located in Southeast Asia, and its domestic hotel business were sold to him.
Although Jing Gao was the instigator of the collapse of Galaxy Group, given Ren He's connections within the system, such as his classmates and other factors, Jing Gao had no interest in the rest of Galaxy Group's business.
But Ren He's business is so big, it's impossible not to have enemies. The remaining businesses and enterprises are being sold or closed. Especially after the fall of Uncle Yang, the assets of Galaxy Group have been less than 10 billion US dollars.
The businesses involved have shrunk to: export trade, venture capital, property management, medical equipment manufacturing, and electronic instrument manufacturing.
His current goal is to reduce the assets of Galaxy Group to less than 1 billion US dollars. Teach Ren He a harsh lesson.
Jing Gao called An Zhiwen and quickly arranged a video conference to deploy operations. Today is different from the past. Now there is no need for him, the boss, to be on the front line. He only needs to give the order to fight, and the results will come naturally after a while.
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Yao Shengming left Villa No. 3 of Yuntu Villa and took a car back to Villa No. 6 of his high-end villa area "Longhu Yihe" next to the Summer Palace. He called his confidants to make arrangements. During lunch, Jiang Jingxiang, who lives in the "Xishan Imperial Garden" on the other side of the Summer Palace and not far from Yanda, came over to bring him lunch.
Jiang Jingxiang was twenty-six years old at the time, with a medium height, about 1.66 meters, an oval face, delicate facial features, very classical charm, a cool temperament, and a great beauty.
She came in carrying a thermos box and walked elegantly, "Old Yao, it's time to eat." She opened the thermos box in the restaurant. Inside were two exquisite side dishes, plus a portion of chicken soup. She handed the rice to the person who walked in and washed her hands. Yao Shengming asked curiously: "Why are you so busy?"
Yao Shengming was full of grievances and did not hide it in front of the woman he loved most. He was thirty-six years old and was not married yet. He usually lived with Jiang Jingxiang in the Xishan Royal Garden. He took his chopsticks and sighed: "Jingxiang , the big boss got mad, took me over and gave me a severe training. What can I do? I can only work hard!"
"Mr. Jing, what are you doing?" Jiang Jingxiang immediately knew who the "big boss" was. Because as a 5% shareholder, director and president of Evergreen Group, Yao Shengming is not a member of the board of directors. He is a child of the Yao family, and he holds shares. Those old men will never touch him unless they have to. Therefore, his big boss is not the board of directors and the old men behind him, but Jing Gao.
Now everyone in the business circles in the north and south of the country knows that Mr. Jing’s number one guy in the business world is Yao Shengming. The two only cooperated once at the beginning of this year, and they beat Li Jiacheng's youngest son Li Zekai to a loss of US$1 billion in the international capital market.
This matter is actually very hidden. But he couldn't bear it, and Li Zekai went to Europe to lobby the richest man in Europe, LV CEO Bernard Arnault. He revealed all the causes and consequences, and the news naturally spread to the country.
Yao Shengming sighed and drank the chicken soup Jiang Jingxiang made for him to replenish his body. Said: "I was working for him recently, and someone disrupted the situation and decoupled the big fish. Mr. Jing was almost angry and suspected that I had leaked the news. He gave me another 100 million US dollars to work on. If I don't do it well, I will doubt that I will. Spend the rest of your life in prison.”
"So scary?"
"Hey, what do you think? His Majesty the Emperor is so angry, how many people will suffer." Yao Shengming shook his head and said teasingly.
Jiang Jingxiang knew Yao Shengming's movements well. She taught in Yandali and usually paid attention to the developments of Changqing Group. She said worriedly: "Old Yao, can you really get rid of Zhou Mingyang of Mingyuan Group? How difficult is it? very big."
Seeing that Jiang Jingxiang had guessed it, Yao Shengming stopped being secretive and said in a deep voice: "So I am going to use this 100 million US dollars to buy the loyalty of Bo Xujie, the executive director and president of Mingyuan Group. He is the second-in-command of Mingyuan Group. Number one."
Jiang Jingxiang's mouth opened in surprise, "This...how is this possible?"
Yao Shengming quickly picked up the rice and said nonchalantly: "Jingxiang, what's impossible? Your Bo Xujie's loyalty may not be so valuable."
"Old Yao, is Mingyuan Group a replica of Gome?"
"That's not true. Bo Xujie did a very good job at Mingyuan Group, but he may not have received the benefits. Zhou Mingyang used him as an executive, not a partner. After so many years, Bo Xujie has become more and more successful in Mingyuan Group. The Yuan Group is just a working emperor. But he may not be without complaints as he started a business with Zhou Mingyang. In short, I have to give it a try!"
Jiang Jingxiang said: "Okay! Be careful."
This actually involves commercial crimes. If Mingyuan Group sues Bo Xujie, it will probably involve Yao Shengming.
"Shizuka, I know."
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The crackdown on the Galaxy Group belongs to commercial reasons and will not be effective overnight. On Friday afternoon, a Hong Kong financial think tank sponsored by Jiuge Capital suddenly released a report on the performance of Galaxy Group, publicly betting against Galaxy Group.
There are three main reasons. First, export trade is becoming increasingly difficult to do amid the wave of US imperialism and anti-globalization. Galaxy Group's current export trade accounts for 20% of its sales, and this part of its performance will be affected.
Secondly, in terms of electronic instrument manufacturing, Galaxy Group just lost a large order for radar at the beginning of this year. Solid earnings were affected.
Thirdly, Compass Property Management Company, a subsidiary of Galaxy Group, was exposed to a management scandal: a fire broke out in a certain community, but due to negligence on the part of the property management, the fire-fighting equipment was false. The service quality is no longer top notch.
Galaxy Group is not a listed company. But that doesn’t mean listed companies can’t go short. There are very few businesses these days that operate debt-free. Moderate borrowing to expand operations is relatively restrained. Some businesses’ debt scares you to death.
Aren’t we going to investigate Wanda, Fosun, and HNA in 2017? Wanda sells off, Fosun survives smoothly. HNA still had to step in to help Mr. Wang, the father of the second princess Wang Hanjun, otherwise his foundation in HNA would collapse.
Subsequently, on the Chinese Internet on Friday night, various financial self-media began to follow suit and hype the problems of Galaxy Group.
And after Jing Gao fired the first shot, it quickly attracted the attention of all parties. However, Jing Gao did not pay too much attention. He was preparing to attend the engagement ceremony of his cousin Shi Yanjun.
