Cosma Empire

In Mr. Jackson's narration, Du Lin knew what happened in the morning. He had a private conversation with Mr. Jackson five days ago. At that time, Mr. Jackson did not completely turn to Du Lin, but he made an agreement with Du Lin. .

At that time, Du Lin told Mr. Jackson with certainty that it was impossible for the two major banks to support a rival to compete for their future interests. No matter what promises the two major banks gave them, they would eventually formulate some legally effective termination agreements. Let them go bankrupt to unlock the market potential.

There is no such thing as a capitalist who cultivates an enemy with his own hands and then defeats him to prove the change of the times, or waits for him to become stronger and then defeats him to prove his own strength. The essence of capitalists is full of endless desire for benefits, perhaps There have indeed been such "outstanding" capitalists in history, but they have all died, and there is not even a bone left.

The more mature the economy is, the more experienced it is when playing capital games. If one day you feel that there is a person who does not ask for anything in return, sincerely for your own good, for your sake, and wants to give you the best, When thinking about you all the time, there are only two possibilities:

The first possibility is your family members and elders, their love for you will never be mixed with other things.

The second possibility is that the person must be the sales manager of a certain company. Before you sign, you can treat him as the son who has been separated for many years but has touched the sky.

In the morning, Mr. Jackson arrived at the meeting site. After the meeting, everyone took out the insurance company registration certificate as agreed before. The shareholders are these "retail investors". Then they signed an industry self-discipline agreement, agreeing to Mr. Below the fifty million requirement.

Then Mr. Bellito took out a stack of agreements that were two inches long. After the lawyer's explanation, they signed their names. After signing, Mr. Bellito did "give" them Fifty million. But the five thousand was not directly handed over to them for use, but continued to be placed in the vault of the Southern Commercial Bank, or in the corporate account registered by the Western Insurance Company in the Southern Commercial Bank.

In the agreement between them, when the western insurance company has to pay the insurance money, after the preliminary approval of the western insurance company, they submit the claim application to the Southern Commercial Bank, and the Southern Commercial Bank organizes an investigation team to investigate. It turned out that after they believed that the compensation should be paid, they would take out the insurance money that needed to be settled from the 50 million miles in their own treasury but belonged to the Western Insurance Company and hand it over to the rights holders.

In other words, the Southern Commercial Bank does not need to take out a penny of real money, and the Western Insurance Company has already borrowed an air-like 50 million from them. The company account was opened in the Southern Commercial Bank, and the money was "deposited" in it. Perito and Southern Commercial Bank were equal to switching hands from one hand to another, and they also settled for a third insurance company.

Such behavior and attitude are simply insulting Mr. Jackson and others, but they have already signed a series of contracts, including a series of agreements with Southern Commercial Bank.

According to the current agreement they have signed, if they stop playing now and declare bankruptcy and liquidation, they will also have to bear a loan of 50 million yuan, and it will be used as a "special" loan. If the money cannot be used for special business, that is, insurance In the case of the company's deposit, they have to pay normal bank interest, and the interest has to be paid for three years, and the principal can only be repaid after three years!

To put it simply, Western Insurance Company, that is, Mr. Jackson and others opened a company account in Southern Commercial Bank, and deposited in the 50 million that Southern Commercial Bank lent them as a guarantee deposit for insurance companies. In the middle of this, Southern Commercial Bank and Western Insurance Company signed a unique loan contract. Southern Commercial Bank used 50 million cash as a special fund without collateral, that is, the industry deposit of Western Insurance Company to lend to Western Insurance Company.

Because there is no collateral, Southern Commercial Bank requires Western Insurance Company to ensure and sign a special-purpose contract for the safety of funds. In the supplementary clause, the 50 million loan must be stored in Southern Commercial Bank. At the same time, in order to avoid risks, The claim made by Western Insurance Company needs to be confirmed by Nanfang Commercial Bank before payment, so as to prevent insurance fraud and cash out.

No matter what reason Western Insurance Company loses its business capacity and loses its qualification to provide insurance services, the 50 million loan will be executed at the normal loan interest rate for three years!

From a commercial point of view, although Southern Commercial Bank is very strong in this series of contract agreements, they did nothing wrong. There is no collateral, and there is no specific thing to resist risks. They have done this very conscientiously, and they can be called a business model.

But then there were a series of problems, the most prominent of which was the cross-shareholding of the three insurance companies. According to the requirements of Nanshang Bank and the Imperial Bank of China, the three companies exchanged shares according to market value. This is very good news for retail investors. It is like a group of poor ghosts who built a three-story shabby house with bricks picked up on the side of the road. Now they exchange the two floors of this shabby house for the two skyscrapers next door. In the two rooms, they have earned it anyway.

But is it actually so?

Of course not, it is not easy to play capital games with banks and bankers. The reason why Mr. Jackson and others are willing to sign the previous contract agreements that are not equal and obviously put themselves at a disadvantage is because the two banks have offered cross-shareholding as a temptation.

They can completely transform themselves into shareholders of the insurance business companies of the two major banks and complete a magnificent transformation. They have nothing to lose in the first place. As long as the two major banks are really willing to sign, it means they have earned.

But the next two operations made them realize that from beginning to end, the two major banks have never considered them as partners. Perhaps it is more appropriate to say that they are a one-time handy tool!

Calculate the market value according to the previous agreement——Based on the idea of ​​Mr. Jack and others, each of the three companies has a deposit of 50 million yuan. Although the three companies have been registered, they do not have any other assets so far. It can be said that The three current market capitalizations are all equal.

They overestimated the banker's conscience and protection of face, and underestimated the ambitions and methods of these people. Then Perito and Taylor both came up with a new document, and the two banks "unanimously" borrowed 150 million cash from the two insurance companies unconditionally and without interest. From 50 million directly to 200 million! In other words, the total assets of the Western Insurance Company at this time are only 25% of either of the two of them!

In accordance with the requirement of "equivalent" cross-shareholding between the two parties, Southern Commercial Insurance and Imperial Insurance each took 15% of the shares as the proportion of cross-shareholding, of which 7.5% belonged to Southern Commercial Insurance Part of the shareholding exchange with Imperial Insurance Company, the other part is the 7.5% of the shares for each of the two companies, which will replace the 30% of the shares of Western Insurance Company, that is to say, Western Insurance Company Sixty percent of the shares are held by the two banks.

In just ten minutes, Western Insurance became the puppets of the two major banks, and they also took on a heavy loan. What made Mr. Jackson even more dissatisfied was that they were united by retail investors, so even if only The remaining 40% of the shares are not owned by one person, but divided among seven people, and each person is allocated a share ranging from 3% to 8% according to the amount.

This... why is it different from what we imagined?

But at this time, a lot of pre-contract documents have already been signed, and it is too late for them to repent. Not to mention the clauses and penalty systems involving breach of contract, only 50 million is enough for these seven to make a fortune Dream of successful businessman with cold hands and feet. Coupled with the fact that the opinions of these seven people can no longer be unified, some people must start to tend to rely on the two major banks, and when the two major banks left, they said that the banks are optimistic that the insurance business will continue to inject capital. In this game, not only will he not get his share, but he may also have to bear huge debts.

This made him directly make the final decision, completely leaning towards Du Lin, and cooperating with Du Lin to seek self-protection.

If the two banks continue to inject capital to dilute their shares, Mr. Jack and his "friends" have only two ways to go, or continue to bite the bullet and follow the capital injection to ensure the shares of the two insurance companies in their hands. It will be diluted to the point that it is not even a shareholder due to continuous capital injection, or just sit and watch the two major banks continue to inject capital, and the proportion of shares in their hands will continue to shrink. It is very likely that it will only be a few tenths to a few tenths in the end. Degree!

From the perspective of the nature of the business economy at this time, Mr. Jackson’s property has not shrunk, because one percent of a million is ten thousand, and one thousandth of ten million is still ten thousand. But after the equity is diluted, they have no right to speak. At the same time, with the capital means of the two major banks, it is easy to break their cash flow, force them to close down, and recover this part from them at a very low price. equity.

This is a very normal capital game play. If everything is true and fair, there will be no story of big fish eating small fish, and everyone will have no competition for a long time. It is precisely because there are many reasonable and unreasonable means that some people can finally buy the gold in the hands of others as stones, so there is a prosperous economic market and financial circle.

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