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Chapter 472 Tiger Enters the Jungle
With Lei Hao's relatively good conditions, Fox also investigated Lei Hao through Forest's channels when meeting several other potential investors. He quickly obtained the information, and then... he was a little dumbfounded.
I thought he was a rich Chinese man, but I didn't expect him to be a self-made Chinese financial elite.
"Mygod." Looking at Lei Haoliang's blind qualifications, Fox made several calls in a row, constantly questioning the authenticity of the information.
After getting a confirmed and true answer, Fox finally knew why Leo was willing to help Lei Hao.
If it were Fox, what would he do after going through those operations? It’s all about kneeling and licking.
And when calculating Leo's dividends, Fox's eyes were a little red.
Yes, Leo does not have actual shares, but he has incentives such as dividends from dry shares and virtual shares, and the money he makes is comparable to the entire Forest management. In other words, even if Lei Hao does not make a move this time, in a few years Ou can also use his personal assets to buy Forest.
"China is different from the United States!" Fox used this information to comfort himself, but he still couldn't help but read the information in his hand again.
Without even having lunch, Forest had what was probably their most important meeting, and finally came to the conclusion that they had no other choice.
"If the people like Max knew that there were such conditions, they would definitely sell their shares."
“The price is very fair.”
"By giving them the shares, we don't have to take the risk."
"If Forest can develop again, we can also have corresponding benefits."
Before 12 o'clock tonight, Fox had no room for change. When he told Lei Hao's conditions, it was no surprise that others were wary.
Fox owns 35% of Forest's shares, but others have relatively few shares. For them, there is not much difference between handing the company over to Fox and handing it over to LEI. What everyone values is: in this case, there is still someone willing to take over.
"But, Leo will come back." Fox said this lightly, and the conference room suddenly fell silent.
Leo, that bastard, had tricked everyone so badly, now he comes back to trick everyone again?
"But, our shares have been sold." Someone in the conference room said.
Immediately, everyone reacted.
Anyway, I don’t have any shares, so it’s none of my business even if you use a dog to manage Forest.
Soon, Lei Hao saw Fox who was forced to negotiate by his subordinates and shareholders. He saw the frustration on the other person's face.
But this is exactly the situation Lei Hao deliberately created.
Don't you agree? Do you have full authority? You can't, and you don't trust me, so you won't keep the shares in your hands when the overall situation is decided.
There is only one outcome, and Lei Hao will get Forest, which is almost a piece of loose sand.
"The price of 15 million is too little." Fox finally struggled: "Forest..."
"So, you refuse?" Lei Hao looked at Fox funnyly.
"No, I mean, we need to get to the next round of negotiations."
"There is only one round of negotiations!" Lei Hao said, his time was very tight.
April is the month when the first quarter financial reports of listed companies are made public. It is now the 20th. Opportunities are passing by as time goes by. If there is no Forest, it will be other companies.
"Simple and crude negotiation method." Fox complained in his mind, but he still negotiated with Lei Hao on handover issues such as the company's employee benefits and benefits.
Lei Hao has no idea of drastic reform of Forest for the time being. He has fully agreed to Fox's request: the position will remain unchanged, the salary will remain unchanged, and the benefits will remain unchanged.
When it comes to management matters, Lei Hao seems a bit immature. He doesn't understand these things at all. He digs holes and even steps into them without hesitation. The lawyer next to him and Chris La from EY can't hold him back. .
Only Leo was full of joy beside him. He didn't expect to be able to rejoin Forest as soon as he returned to the United States. As for Fox's conditions...
"If a lion doesn't jump out, the king of the jungle must be a tiger." Leo flattered himself in a very flattering manner.
After discussions between lawyers, accountants and both parties, contract negotiations continued from afternoon to evening. Due to Lei Hao's retreat, Fox obtained good conditions in other aspects besides equity, which he himself could not believe.
Lei Hao didn't mind at all. He even agreed to a relatively high fixed salary, and of course lowered the floating reward terms. From this aspect, it can also be concluded that Forest and others do not trust LEI.
"I hope Fox won't be beaten by the Forest people in the future." After signing his name, Lei Hao looked at Fox and smiled cordially.
With a relatively high fixed salary in the industry and a relatively low proportion of bonuses, these are the conditions proposed by the Forest group, but this is also Lei Hao's favorite clause. Did you know that Leo also signed this kind of clause? ?
When looking through the entire Forest information, Lei Hao realized what a mess he had gotten.
At night, it was close to 10 o'clock in Manhattan, New York, and the excitement began, but Lei Hao had to prepare for the first meeting tomorrow.
Coming to a new place and buying a place to stay was something that Lei Hao had planned for a long time. The reason why he chose Forest was simple. Among all the suitable targets, it could be sold in the fastest way.
This is also true. After one day, after Lei Hao gave in to some things, Forest changed hands directly under the witness of the lawyer.
But things that are easy to buy often have problems, such as the debt Forest currently owes.
The company had 16 million US dollars on its books that could be used, but its "technical problems" resulted in a loss of more than 20 million in customer assets, as well as fines and maturing debts, for a total of about 25 million US dollars that needed to be repaid.
Fox did not hide this problem. After Lei Hao injected US$25 million, in addition to filling all the holes, he also reduced part of the debt and left US$16 million available for use.
In addition to the US$15 million given to shareholders, where did the US$40 million paid by Lei Hao come from? Keda pays the bill. To be precise, Keda first provides funds for lending.
Lei Hao invested 100 million U.S. dollars in the CFD contract. It has not been settled yet, but the book value of his contract is slowly approaching 200 million U.S. dollars. Coupled with his identity and credibility, Keda, who provided 40 million U.S. dollars, said he had no pressure.
The money is there, but the customers are ready to leave. Something happened to Forest, and it used the excuse that settlement took time to delay the delivery of compensation to customers. In this case, what would the customers it has think? He must have taken the money and left.
The client assets of discretionary financial management are about 200 million. Forest adopts an annual fee system, and the average figure is 2%. In other words, you can earn 2 million a year in this area.
In terms of brokerage business, Forest is like other securities institutions in the United States. They have various channels such as stocks and futures. However, it is a broker that emphasizes service rather than cost.
In other words, even in the brokerage business, Forest's target customers are people with securities assets of more than $50,000, which suits Lei Hao's taste. However, it can be seen from the company's customer service data that customers are losing rapidly.
Now that he has money, his clients have either left or are preparing to leave. Lei Hao also promised not to lay off employees, not to reduce wages and benefits, and also promised a higher fixed salary income. This... is very stupid for people who have too much money.
There is a lot of disorganization inside, and there are a lot of companies outside that are coveting their customer resources. The new boss is a stupid guy with a lot of money. No matter how you look at it, Forest doesn't look like it will have good results.
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