My 1999

In the elegantly decorated room, Zhao Guodong sat on the sofa with a gloomy look.

"Dad, is there really no other way?"

Zhao Zhijun nodded, "The Prime Minister personally ordered it, what do you think?"

"What kind of magic potion did Xu give to the Prime Minister? How come Delong, such a big plate, is all cheap to Xu?"

Zhao Guoliang on the side was full of complaints.

"The biggest reason why Xu Liang was able to swallow up the entire Delong is that he promised to repay Delong Group's 57 billion Chinese yuan debt.

Otherwise, with so many state-owned enterprises, Delong would never fall into his hands." Zhao Guodong said calmly.

What the higher-ups want is stability, and Xu Liang's plan can guarantee stability to the greatest extent.

"Brother, isn't 57 billion Chinese yuan a lot of debt? Doesn't Delong have 120 billion assets? Can't it easily cover the debt by selling it casually?" Zhao Guoliang said puzzledly.

"Delong's 120 billion yuan in assets are considered to be related companies.

The simplest example.

Delong holds 2% of Shenzhen Development Bank's shares, which is also considered to be Delong's related assets, but Shenzhen Development Bank is not a subsidiary of Delong.

Excluding these companies, Delong's real assets are only about 40 billion yuan." Zhao Guodong explained.

"40 billion yuan? Is the Xu guy stupid?

How did he think of acquiring Delong at a loss of 17 billion yuan?" Zhao Guoliang said in disbelief.

40 billion yuan in assets and 57 billion yuan in debt, even a fool would know that the loss is huge.

"Dad, this is also what I don't understand. If Delong went bankrupt, he could at least save tens of billions of investment, but he insisted on debt-based acquisition, why?" Zhao Guodong couldn't help asking.

This is also what he couldn't figure out.

There are obvious ways to save money, but he has to spend money.

Everyone would think there is something wrong.

Zhao Zhijun narrowed his eyes slightly, his tone inexplicable.

"According to him, the reason why he is willing to spend more money is to win the trust of those individuals and institutions who invest in Delong and cooperate with Delong.

Give up short-term interests and pursue long-term returns."

"Some people believe this kind of words, are you kidding me?"

Zhao Guoliang said sarcastically.

Zhao Guodong frowned slightly, "Dad, did he really say that?"

"He said that in front of the Prime Minister. No matter whether he has other plans in secret, since he has made a promise, he must do so in the future.

Otherwise, the higher-ups will not let him go."

Zhao Zhijun paused and his eyes flickered.

"There is another possibility. He is confident that he can earn higher returns with Delong's assets to make up for the losses of the acquisition.

So he is willing to bear the cost of the 57 billion debt."

Hearing this, Zhao Guodong's eyes flashed with jealousy.

Xu Liang's ability in investment has been recognized by the world.

From shorting Yahoo in 2000, shorting Enron and going long on US military stocks in 2001, to going long on oil and soybeans in 2003; and consistently optimistic about the Internet industry.

Success after success has won countless praises.

Of course, it has also won great trust.

"Well, no matter what Xu Liang plans for Delong, it has nothing to do with Yinji."

Zhao Zhijun turned to look at his eldest son.

"Guodong, you have been in Yinji for two years.

Staying at the top is not good for your future career. I will help you make some arrangements in a while, and go to work for a while. In the future, without grassroots work experience, you can't go too far in your career."

"Got it, Dad."

Zhao Zhijun waved his hand, "Okay, go out if you have nothing to do."

The two brothers left the study.

Zhao Guoliang lowered his voice, "Brother, are we really going to let it go?"

"Didn't you hear what Dad said just now?"

"The Nanmanzi offered a high price. If Delong can't get it, we will suffer a great loss."

Zhao Guodong's face darkened.

The benefits have been eaten, and it is impossible to spit them out.

"Tell them to be patient and I will give them an answer as soon as possible."

"Yes."

——

Looking at the framed plaque "Observe the Law" hanging on the wall, Xu Liang couldn't help but curl his lips.

"It's been almost a week, and you're still looking at it?"

Jiang Xiaoyang smiled.

"The Prime Minister's handwriting is really good, vigorous and powerful, and magnificent." Xu Liang smiled.

"I think you are just acting psychologically."

As he said that, he put a stack of information in front of him.

"Take a look, this is the due diligence of Delong's financial sector."

After taking it and flipping through it briefly.

"Delong's tentacles in the financial field are much deeper than we originally expected." Jiang Xiaoyang nodded and said, "After the equity connection, Delong actually controls two securities companies, 'Deheng' and 'Hengxin', and there are three largest shareholders: Zhongfu, Northeast and Taiyang Securities. There are four companies with a stake of more than 10%. There are two companies in the financial leasing field: New Century Financial Leasing and New Xinjiang Financial Leasing. There are four companies with stakes. There is only one company in the trust field, 'Jinxin Trust', and Islamic, Dajiang and Haixie Trust have stakes. In the insurance field, Oriental Life and Huaan Property Insurance are controlled. In the banking field, there are basically seven companies with stakes. The largest shareholding is Kunming Commercial Bank, which holds 34.59%, followed by Nanchang Commercial Bank and Zhuzhou Commercial Bank, and the smallest is Shenzhen Development Bank, which holds 1.79%.

Excluding bank assets, the total financial assets associated with Delong are 53.8 billion Chinese dollars.

Among them, Delong occupies the largest shareholder and main controlling shareholder financial institution with total assets of 26.9 billion Chinese dollars.

We have previously called and contacted other shareholders of major financial institutions.

They are basically willing to sell their equity to us. "

Xu Liang was not surprised by this result.

Hanhua advocates repaying the money, but when repaying the money, you can't just pay it out yourself, but everyone must jointly contribute according to the equity ratio.

If you don’t invest, your equity will be diluted.

If you invest, you have to come up with a large amount of working capital.

They were already frightened by Delong. Although they replaced Hanhua with a better reputation, Hanhua had never run an investment bank or trust. Whether it could do well is another matter.

Therefore, when Hanhua's bid was more suitable, most of them sold their shares.

"But there are a few exceptions."

"who?"

"Changsha Salon Teng Group, Shancheng Chemical Holdings, South China Materials Group, as well as Kleiner Perkins Caufield \u0026 Byers, Lehman..."

"Wait a minute, I understand the companies in front of them, but why are Kleiner Perkins Caufield \u0026 Byers and Lehman Brothers showing up too?"

"Boss Xu, your boss, is famous in the global financial community, but Hanhua never raises external financing, so many investment institutions plan to use this curve to save the country, buy shares in Hanhua, and share the benefits.

This is just the beginning, and it is estimated that there will be more such organizations in the future. "

After a pause, Jiang Xiaoyang looked at the man and smiled.

"So, do you want to continue the acquisition?"

“Of course acquisition is the fastest way to build a nationwide network.

However, although I allow other companies to participate, our shares must be guaranteed and cannot hinder our consolidated financial statements. "

Generally speaking, financial statements can be consolidated if the shareholding exceeds 50%.

Jiang Xiaoyang nodded.

"By the way, the shares of several city banks will be sold within this year, and the shares of Shenzhen Development Bank can be retained."

City banks, except for a few first-tier city banks that are interesting, are basically small treasury banks in local cities or even provinces.

Rights and responsibilities are unclear, and investment channels are lacking.

The disadvantages will become more prominent the further you go, so sell now while there is still some value. The further you go, the harder it will be to sell.

"Um."

Jingle Bell…….

The phone on the table rang.

Xu Liang picked up.

"Mr. Xu, Zhao Guodong, CEO of Yinji Asset Management, wants to see you. He said he has something very important to discuss with you. He also said that if you don't meet with him, you will regret it."

"With such a loud tone, I'm really curious.

Let's do this. You can make arrangements and I'll meet him at the company tomorrow morning. "

"OK."

When he put down the phone, Jiang Xiaoyang asked.

"Zhao Guodong wants to see you?"

"Well, he also said that I would regret it if I didn't see him. I want to see what great trump card this guy has in his hand. Is he so confident?"

"Although Zhao Guodong is not a top person in the circle, he is still a well-known figure, much better than his younger brother.

Since he is so sure, he must have really got an offer that we can't refuse. "

Xu Liang nodded slightly, "It will become clear when we meet in person."

"Um."

"It's almost noon, let's have dinner together?"

"I'll pack up the files."

After coming to the restaurant to have lunch together, Jiang Xiaoyang went upstairs to rest.

Xu Liang then drove away from the company.

After walking through the streets and alleys, we soon arrived at Sixi Tower in Shichahai.

Sixi Tower is divided into three parts: front, middle and back.

The two-story attic at the front is the lobby of Sixi Building. It is more than 2,000 square meters and is basically a studio.

The middle part is the box area, with fifty-six boxes of various sizes, covering an area of ​​more than 4,000 square meters.

At the end is the private residential area, where An Kaiyue basically lived before going abroad.

Xu Liang parked the car in the parking space and walked in.

The attendance rate at noon was pretty good, with at least 70% attendance on the first floor.

"Mr. Xu."

The lobby manager saw him and came over quickly.

"Where is your Mr. Zhao?"

"Mr. Zhao went to Jinmen to inspect the market and will come back tomorrow."

After five years of development, Sixilou has occupied four first-tier cities across the country.

The main development direction now is to strengthen second-tier cities.

Jinmen, Hangcheng, Rongcheng and Shancheng are the first batch.

"How's the recent business in the store?"

"Thanks to your care, things are getting better and better. Especially in February, our highest daily turnover has exceeded 370,000."

Proud of his celebrity effect, Sixi Building has more and more business, especially external business receptions. Coupled with the tilt of Hanhua and Hongmeng, even the price of meals, drinks and service charges in the private room has exceeded 10,000.

There is still an endless stream.

"Yes, if this year's revenue can exceed 50 million, I will give you twice the bonus."

"Mr. Xu, we must work hard."

After finishing the injection of chicken blood, Xu Liang came to the box area.

The best box No. 1 here is exclusive to him. When he is in the capital, he will basically entertain foreign guests here.