Rebirth of the Official Business Route

Chapter 1071: How much does Zhang Ke have

Over the past few years, newspapers, televisions, and the Internet have shown interest in Aida Electronics and Aida Group, but none of these all-pervasive media can accurately or clearly describe the outline of Aida Group. Qin Gang can feel it at this time.

There are many overseas legal person shareholders in the shareholding structure of Aida Group. I am afraid that the central government will cross shareholding between the group and related companies through diplomatic means, and the shareholding relationship is extremely complicated.

In short, Qin Gang can only know the asset scale of Aida Group and the basic financial status of the group from the documents at hand, but he can't know the real equity structure behind it. Fastest update of novel chapters

Listening to Du Fei just talking about the term "Kumho department", Qin Gang thought to himself: standing behind the Kumho Economic Research Center and the name of the Economic Research Center are all derived from this, the so-called Century Kumho Land's output sponsorship is nothing but a disguise. That’s all. So, the scope of industries that the Economic Research Center focuses on should at least include the entire Kumho Department of industries, including real estate, catering and entertainment, consumer electronics, paper, forestry and paper integration, home appliance manufacturing, and home appliances. Chain sales, steel, shipbuilding, shipping, minerals, Internet investment...Where is this a private enterprise, it is simply an economic empire.

Qin Gang had never imagined that the domestic private economy could grow to such a degree. For example, Aida Group can no longer use net assets to measure its business scale and value. "Fiction" novel chapters are updated fastest

In the document, Aida's domestic net asset valuation is only 15 billion, which shows that it is far underestimating the brand value of Aida. Now Kewangdu claims that its brand value is 2 billion, and Ada’s domestic and foreign influence is so great. The brand value of 10 billion is said to be modest. After deducting 10 billion of brand intangible assets, is it fixed within the Ada Group? Assets and technical assets are only worth 5 billion?

In recent years, everyone has been accustomed to estimating the market value of companies in the form of capital securitization. At present, the average price-earnings ratio of new technology listed companies in Shanghai and Shenzhen stocks is double. The assets of Aida Group are better. In 1998, the net profit of the domestic part of the Aida Group was 4 billion. With a price-earnings ratio of 40 times, the domestic assets of the Aida Group have a market value of 160 billion.

Qin Gang's colleagues at the State Chamber of Commerce joked to discuss why Aida Group is not listed in the country. At this time, I realized that in the domestic Shanghai and Shenzhen stock markets, how can a private enterprise with a market value of 160 billion be housed? Moreover, Aida's performance in the domestic mobile phone market this year is particularly outstanding. After reading this document, Qin Gang will not be surprised by this year's sales of 20 billion yuan and a breakthrough in net profit. Wouldn't it be Aida Group? Will the market value of some domestic assets reach 240 billion? All have enough qualifications to squeeze into the world's top five hundred.

No wonder the local finance of Haizhou is so generous. Most of the domestic tax payment of Da Group is to complete corporate income tax in Haizhou, and Haizhou local fiscal can withdraw nearly 400 million from Aida Group.

Qin Gang slightly estimated that Kumho's enterprises in Haizhou would almost contribute 1.2 billion to 1.5 billion to the local finance. We must know that the local fiscal revenue in 1998 after the city’s establishment was only 12 billion after a substantial increase. Qin Gang probably remembered that Haizhou’s local fiscal revenue was only 1.45 billion in 1994 and 1995. Relying on the Kumho family, it doubled the local fiscal revenue. No wonder everyone said that Haizhou was too fat.

This domain is integrated into the Kumho system. Becoming a member of the Kumho Group, the cross-shareholding is calculated on the basis of the Aida Group’s 1998 financial audit to calculate the value of seven times the market’s earnings in terms of converted assets. About 28 billion or even one-sixth of 160 billion is slightly stronger. It's no wonder that Shi Xuebin was so excited to change all the shares of Aida Group to buy cheap original shares of Aida Group. I wish I could change Chuangzai's 260 million yuan of cash into the original shares of Aida Group.

NS. Chuangyu must at least keep a certain amount of funds in its hands for business development. In addition, cross-shareholding should also be distributed to various affiliated companies in a certain proportion. It is impossible to concentrate on the Aida Group.

Qin Gang has read the cross-shareholding plan. It is not included in this cross-shareholding plan. I thought that Kumho Corporation might still have some business secrets that will not be disclosed to them for the time being.

Except for Kumho Corporation. Qin Gang also knows that there are some overseas companies in the Kumho department. It is not included in this cross-shareholding plan. For example, ess is often reported to the media recently.

At this moment. Qin just learned that ess is completely financially independent from outside the Aida Group. Moreover, Aida Group paid ess a total of nearly 800 million patent license fees in 1998; there are also some joint ventures with overseas companies such as Texas Instruments and Skopers, such as Microchip. Listed in the stock plan.

Take Shi Xuebin's words. They saw these documents today. I just dived 20 meters below the surface of the sea to learn about the Kumho system. What does the Kumho System look like 20 meters below the sea? They still have no way of knowing.

Qin Gang thought: 20 meters below the sea surface is probably mainly the overseas expansion of the Kumho system, right?

In addition to the cross-shareholding between Chuangyu and Kumho member companies, Qin Gang and the others can also choose a certain percentage of individual shareholding. Du Fei explained to them at the beginning: "Individual shareholding, everyone can choose to hold Companies such as Xiangxuehai, Shengxin Electric, Shin Kong Paper, and Century Kumho, when the time is right, the assets of these companies will be listed first. After the listing, individual holdings will have the opportunity to cash out. Aida Group will be listed in a short time. The possibility is relatively small... If it doesn't matter if you want to cash in or not, then choose Aida Group. The future growth will be better. You choose first, and I will share the rest with Meng Le."

Because the management’s direct shareholding of Kumho-based member companies must be controlled below 30%, the equity held by him and Meng Le in Chuangyu will be exchanged again with Kumho-based member companies, this time mainly Qin Gang and Ling Xiaoyan, Shi Xuebin, Dong Yuehua, Shi Xinfei, and Xi Ruolin were not involved with Du Fei.

In addition to Aida Group, the assets of Xuehai, Shengxin Electric, Xinguang Paper, and Century Kumho are all very high-quality. Several of you here did not even know Xiangxuehai, Shengxin Electric, and Xinguang before this afternoon. The paper industry and Aida Group are related companies, and both are core member companies of the Kumho family.

Shengxin Electric's flagship in Xinshijie

The annual net income of a store has exceeded 100 million yuan. Xiangxuehai was still last year's company, and Xinguang Paper was the leading company in the East China paper market...

Well, compared to the cross-shareholding plan and the choice of individual shareholding, Qin Gang is more curious about Zhang Lu at this time. He said that the Zhang family behind Zhang Ke is in the Kumho department. I believe Shi Xuebin, Shi Xinfei, Dong Yuehua and others. At this time, there will be such a strong curiosity that is difficult to suppress.

The domestic net assets of the entire Kumho Department are not many (excluding Kumho Corporation’s direct investment in the country). The tangible and intangible net assets are around 30 billion, and the debt ratio is relatively low and the assets are only 434 billion. about. The Kumho family may not be qualified to take the top spot in the recently emerging private capital camp in China, but its profitability is extremely astonishing. In 1998, the Kumho family’s domestic profit reached 8 billion yuan, which is not much worthy of PetroChina. The natural gas group has made profits for the whole year of 1998. I believe that no private capital entity has such amazing profitability.

If the Kumho Group gradually spin-off and listed domestic assets, not to mention a P/E ratio of 40 times, even if the stock market is depressed, the industry will have a P/E ratio of 20 times or 15 times. The range of 160 billion yuan is appropriate to estimate the actual value of the domestic assets of the entire Kumho family. How much does Zhang Ke personally or the Zhang family behind Zhang Ke account for?

It's just that Zhang Ke was embarrassed to talk directly in the conference room. He watched Ye Xiaotong answer the phone, took Zhang Ke and Du Fei out, Dong Yuehua turned his head and said to Qin Gang, "The guy named Hu Run is platooning for the Chinese rich. I made a list of the 100 richest. It is estimated that China's rich family has 12 billion wealth. Is this Hu Run too shallow in eye sockets, so poor knowledge? Such a big fish in the East China Sea was stupefied by mistake!"

Qin Gang smiled. Zhang has only 1 equity in the entire Kumho family. Counting only the domestic assets of the Kumho family, the wealth of the Zhang family will exceed 12 billion.

Shi Fei is usually relatively taciturn. He watched Meng Le sit behind Xi Ruolin with Erlang's legs crossed to help her advise her, and asked, "Lao Meng, come and tell us thoroughly, otherwise it would be too depressing..."

"Go, I am also signing the secret agreement..." Meng Le pouted his lips and ignored Shi Xinfei, with his chin pressed on Xi Ruolin's fragrant shoulder and instructed her on how to allocate personal shares.

Seeing Meng Le’s hard lips, Shi Xuebin molested him and said: "Old, you have also said that the collocation of men and women should pay attention to the principle of taking the rich and helping the poor. Rich men must marry beautiful poor women, and rich women must marry talented women. Poor man, you got together with Senior Sister Xi, and at least killed two opportunities to get rid of poverty and get rich by getting married. I said if you two..." He didn't say anything, so he hit the head with the pen that Xi Ruolin had thrown over, "Oh. "Yo", seeing Meng Le's speechless, turned to look at Ling Xiaoyan, "Senior Sister Ling..."

"I know as much as you do, don't call my senior sister!" Ling Xiaoyan hurriedly blocked his mouth with words, Shi Xuebin was nagging endlessly, so he could say a few more words, maybe let him flicker. .

She has known Zhang Ke for a long time. When she met Zhang Ke, Aida Group was far from the scale of today. Zhang Ke also tricked Dai'er into becoming an advertising model for Aida Group. More than four years have passed, and it feels true. Hurry up. Four years ago, Aida was still Aida, and Shengxin was still Shengxin, and Xiaoyan did not expect that Aida and Shengxin had merged into one. From Zhu Xiaojun, she knows the status of the Ye family in the domestic political arena. The profound influence of the Ye family’s connections cannot be reached by a certain minister or minister. Xin Electric has also integrated into Kumho, and the Ye family's rights and interests in the Kumho Department should not be too small. Let Xiaoyan guess that Zhang Ke dominated the Aida Group exhibition from beginning to end, and led the creation of the entire Kumho family economic empire. This can be seen from Zhang Ke’s daily interactions with other key figures in the Kumho family. She came out, but Zhang Ke could not guess how much rights Zhang Ke held in this economic empire.

Xuebin will make Xiaoyan stop him from speaking, smile happily, and ask Meng Le: "After the cross-shareholding, compared with the management of other member companies of the Kumho Department of the shares, I can almost count what level..."

"It's almost a manager or deputy manager," Meng Le said. "In fact, this is hard to say, nor can it be said. Kumho Group member companies are all flying in the exhibition. The same level and the same performance contribute to the options and drag The options obtained in the next year will be very different. In any company, old employees always have to take advantage... What do you care about this?"

"In the old days, he was considering how to accurately describe his wealth and social status when seduce a girl from the Conservatory of Music..." Dong Yuehua said.

Meng Le laughed, urging everyone to finish things.

The cross-shareholding plan between him and Du Fei, Kumho Corporation and Kumho's other overseas companies are all within options. Only when you have access to the financial data of Kumho Corporation and ess can you be considered as receiving the core business secrets of Kumho. Meng Le generally knows the distribution of rights and interests in the Kumho Department——

The Ye family, represented by Ye Jianbin, Ye Xiaotong, and Shao Xinwen, directly created two member companies, Shengxin Electric and Shengxin Telecommunications, for the Kumho family. They held approximately 1 equity in Kumho; Sun Shangyi and his wife held them in 1997. Kumho’s cash is over 2 billion Hong Kong dollars, which provides strong financial support for Kumho’s two-year exhibition. Kumho holds about 1 equity; Xie Wanqing can be said to be a woman standing behind Kumho, without Xie Wanqing With the support of Kumho, Kumho’s start will never be so smooth, but she has been gradually withdrawing from Kumho in the past two years to concentrate on the operation of Haiyu International Private School, and her personal equity in Kumho has been less than 5%. ; Shao Zhigang, Sheng Qing, and Zhang Ke’s younger uncle Zhang Zhifei and others have all independently created a business and then merged into the Kumho system, holding almost 7% of the equity; the huge management holds about 1 equity (face In addition, Su Jindong and Ding Kuo have the largest rights and interests, they account for about 5%); Southeast Asian Chinese businessmen include the Ge family (Ge Mingde), Chen family (Chen Wencong), He family (He Zhaokui), Ma family (Ma Wenqu), etc. About 5% equity...

Excluding one by one, it is not difficult to calculate Zhang Ke's personal rights and interests in the Kumho system: slightly less than slightly more than slightly more.

If we say that Kumho is worth 100 billion in domestic and foreign assets,

Ke's personal wealth is 444 billion Kumho is 100 billion at home and abroad, and Zhang Ke's personal wealth is 88 billion.

If it is to be calculated based on actual assets... In fact, Kumho’s assets at this time are the most difficult to estimate. At what value is the intangible assets contained in the four major trademarks such as Aida, Shengxin, Xiangxuehai, and Xinguang, suitable for calculation? What is the appropriate value of the technical assets formed by the thousands of Ming patents?

Meng Le is sure that Kumho’s crazy transfer of all the patents covered by the dpm-ip1ayerr patent pool can be exchanged for at least one billion U.S. dollars in cash.

For the patents covered by the nand flash memory chip patent pool, only Kumho and Samsung Electronics have obtained authorization from Toshiba in the world, and the license obtained by Kumho is more thorough than that of Samsung Electronics. If Kumho loses its heart, it will license the nand flash memory technology. If you transfer it out, you can get back billions of dollars in cash.

Meng Le does not have enough knowledge of other private capitals hidden in the sea. It is hard to say whether Zhang Ke can be rich in China with his personal assets, but the 100 rich list that the guy named Hu Run ranked the Chinese rich can only be left after dinner. As a negotiator, it's not true.

Meng Le was exposed to many nuclear secrets and communicated with Zhang Ke in private. He knew that Zhang Ke had long been no longer interested in specific personal assets.

This year, the total domestic and overseas benefits of the Kumho Department are expected to exceed 12 billion, and the net income of more than 5 billion can be enjoyed exclusively by Zhang Ke's personal name. With the increase of billions or tens of billions, there is really no need to worry about personal wealth. Kumho’s equity relationship is complicated, and the asset system is complicated. It is still an unusual headache to recalculate personal assets from scratch.

Qin Gang and Shi Xuebin stopped talking and laughing. It was almost five o'clock that the matter was finished. Ye Xiaotong answered the phone and pulled Zhang Ke and Du Fei out. They never came back for a long time.

When the matter here is over, some staff have collected the documents and materials.

Sitting in the conference room for a long time, feeling a little backache, Qin Gang pulled Shi Xuebin to find a place to smoke, and saw that the door of the sniffing room at the top of the corner aisle was open, Zhang Ke and the others were inside, and Qin Gang looked inside. After looking at it, apart from Du Fei and Ye Xiaotong, who was holding his belly, Shao Zhigang, the CEO of Century Kumho, was also there, Wang Weijun, secretary of the Party Working Committee of the High-tech Zone, and Yao Wensheng, director of the Investment Promotion Bureau, were also inside. I don't know what they are talking about.

At this time, Zhang Ke turned his head to see Qin Gang and Shi Xuebin, and stood in the sniffing room and asked, "Did you finish your business?"

"Sitting for a long time, come out and breathe out." Qin Gang saw that Zhang Ke didn't mean to refuse them to enter, so he walked into the sniffing room with Shi Xuebin. The tan red conference table covered most of the architectural drawings. Wang Weijun, Shao Zhigang, etc. People looked up at Qin Gang and Shi Xuebin. They didn't say anything. They continued to discuss with the drawings. Everyone stood and talked. Only Ye Xiaotong, a pregnant woman, sat there and listened.

Qin Gang and Shi Xuebin stood behind, looking at the drawings while listening to their discussion. It took a moment to realize that they were discussing the design of a high-rise building. No one raised the specific height and floor during the discussion. Qin Gang stood a little higher and couldn't see the markings on the drawing. Shi Xuebin pushed his waist and whispered: "Fifty-two floors..."

Qin Gang was really taken aback when this guy had the intention to stand on the back several floors on the renderings. Except for those single-tower TV tower buildings that didn't make much sense, the tallest building was only 148 meters tall. It is the landmark building of the International Trade Center in Xinshi Street. Since the Secretary of the Party Working Committee of the High-tech Zone came to participate in the discussion of the design plan, could it be said that a high-rise building of more than 200 meters is to be built in Hudong?

At this time, Mengle and the others also packed up the documents and materials, and walked over and squeezed around the door to look around. Shao Zhigang turned around and said to Mengle and the others: "Come on, come, and you guys also come over to give some opinions, let us refer to..."

"Don't," Zhang Ke said with an opinion, "The more opinions, the more complicated the design, and the higher the construction cost. I think it's just fine according to Fang Zhengzheng's design..."

Wang Weijun shook his head and smiled, and stood with Yao Wensheng Chaoli to make more room for Meng Le and Qin Gang to squeeze onto the side of the conference table and see the drawings clearly.

Du Fei and Meng Le explained: "This building is going to be built on the northwest corner of Yanyuan, with a clear height of 200 meters for the main part, and a high ceiling of tens of meters... It's a bit simpler, and the naming hasn't been finalized..."

"Hehe, Xiao Du also supports my point of view," Wang Weijun laughed, "I expect Kumho to build the first high-rise building here to lead the city... I have discussed with Secretary Luo Jun, Kumho It is impossible to relax the budget a little bit and invite famous overseas designers to participate in the design competition. This opportunity can not only expand the impact of the city, but also expand the influence of Kumho..."

Now that Wang Weijun said so~www.wuxiaspot.com~ also conveyed Luo Jun’s meaning, Zhang Ke pouted and said, “Then design according to the standard of 1.2 billion, and deduct 60 million from it for the design cost. I can invite the world's top design institutes to participate in the design bidding..."

"Ah..." Everyone was stunned. Wang Weijun opened his mouth and said after a while: "You still cry poor! You are poor!"

"You just wanted to increase the influence of the city, didn't you want to increase the influence of Kumho?" Zhang Tianran smiled.

Qin Gang just subconsciously felt that the design fee of 60 million was a bit too much.

Shao Zhigang shook his head and sighed: "Domestic high-rise design, 40 or 50 per square meter is considered high. This project is only 100,000 square meters, and the design fee of 10 million is enough to make the best domestic designs. The institute has broken the head; the international top designer firm has a normal price of about 25 to 6 million yuan-now 60 million is given, which is enough for the top international designer firms to win the top spot. Broken blood."

"A building with a height of more than 200 meters will not have any impact if it is put in Asia..." Zhang Ke said with a smile, "You can also invite several domestic design institutes to participate in the bidding. The moon in foreign countries is not necessarily the case. It's rounder than China."

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