The battle between Vanke and Baoneng has been in the news since last year. All kinds of news broke out in the media, and it was lively.

Now the approximate situation is that Baoneng holds a 25.04% stake in Vanke. Moreover, it has just joined forces with China Resources (15.31%), a major shareholder of Vanke, to veto Vanke's merger and acquisition plan to introduce Shencheng Metro.

At the same time, as early as June, Baoneng proposed to remove 10 directors and 2 supervisors of Vanke, including Wang Shi and Yu Liang. It aims to seek to end Vanke's "King Stone Age".

And Vanke is even more fully on the battlefield. Launched a huge public opinion war, sued Baoneng's enterprises, reported Baoneng and China Resources, and also announced the source of funds and shareholding costs of Baoneng's acquisition of Vanke.

The fight between the two sides is fierce.

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Idaka walked over with a wine glass. Everyone who was chatting with Wang Shishi greeted Jing Gao one after another.

"Mr. Jing, are you done talking to the beauty?"

"Haha. Mr. Jing's $9 billion acquisition of Uber (China) can be called a talent in the business world! The second princess wants to make friends with Mr. Jing, this is human nature!"

In the past two years, HNA Group has made very fierce mergers and acquisitions, and its revenue is about to exceed one trillion yuan, and it has a very high position in the rivers and lakes.

"Mr. Jing, we are all very optimistic about the future of Uber (China) and hope that under your leadership, we can win the subsidy war with Didi. ”

In these years, which industry does not have a "famous enterprise" to occupy the lead? If you only look at fame, Uber (China) will inevitably lose to Didi in the field of travel. Just look at the list of investors. Didi's side can be described as a group of stars shining.

Among the top-level BAT in the domestic venture capital circle, Baidu was in trouble in 2016, with executives leaving one after another, and its market value is gradually being distanced.

As of the closing price of the U.S. stock market the day before yesterday, Baidu's market capitalization hovered around $50 billion. And Tencent and Alibaba are both around $200 billion.

However, who will be intimidated by the "fame" in doing business? Jing Gao can directly come up with $8.2 billion in cash, and his strength can be seen in general! Will Uber (China) still not be able to win this subsidy war?

Jing Gao smiled and responded to everyone, many of whom had just met. Raised a glass to Wang Shishi and said, "Thank you, Mr. Wang, for attending today's shareholders' meeting and cocktail party." ”

In 2016, Vanke was still the leader of real estate developers in China. Listed on A-share and H-share respectively. The market capitalization is as high as more than 200 billion. Although its head Wang Shishi has little personal net worth and is now in a hurry, he still has a lot of status in the Chinese business community at this time.

It makes sense for him to come over and say hello.

Wang Shishi raised his wine glass and drank it, and said with emotion: "When I saw Boss Jing, I remembered when we were young. There are talents in the country. Then he said: "Everyone, I'm sorry, I'll talk to Boss Jing about some personal matters." ”

All the people around him scattered.

The crystal glass light is bright and falls on the carpet of the banquet hall. The secrecy of the Bankers' Club is very good, and it is claimed that "the club has no story", but the decoration is really poor and the style is outdated.

The corners of Wang Shishi's mouth flashed with a wry smile, looking at the charming night view of the Huangpu River outside the window, and said, "Boss Jing, I won't tell you, I came to the magic capital to see you." ”

Jing Gao suddenly understood. Wang Shishi is here to find investment! He is now looking for a "white horse knight" everywhere.

Let's first review the "Baowan Controversy".

Wang's internal conversation on December 17 last year alluded to the beginning of the hand-to-hand phase of the dispute between Vanke and Baoneng: that is, a head-on conflict.

In fact, the so-called internal open letter is basically for outsiders to see, Wang Shishi said that when Baoneng increased its stake in Vanke to 10%, he met with Boss Yao of Baoneng's department for four hours.

Wang Shishi's words are a bit biao: It is an honor for Vanke to choose Vanke's shares and increase its holdings in Vanke at that point in time, but I don't welcome you if you want to become the largest shareholder. Then, list the shortcomings of Baoneng.

To put it bluntly, it is to look down on Baoneng.

Vanke has been the leader of China's real estate developers for many years, and its market value is among the best in the world. The company's reputation is not bad. Its head said to the capital: I don't welcome you. That's not too floating.

Moreover, Baoneng's department is not so kind-hearted. After they raise the holding company, they often sell or spin off its assets to make a profit from capital operations. Therefore, later "Dong Zong" shouted: If capital becomes a saboteur made in China, they will become sinners.

Baoneng's raising of Gree's card immediately came to an abrupt halt, and was later labeled as a "barbarian" by the Securities Regulatory Commission. The China Insurance Regulatory Commission (CIRC) has also tightened its supervision of insurance funds.

But at this time, Wang Shishi's words last year were not so comfortable in the ears of the capital. Made, you have such a big loophole in Vanke's equity, how about Lao Tzu buying you?

Therefore, Baoneng made it clear in June this year that Wang Shishi, Yu Liang and others should be dismissed. Look down on Lao Tzu, get out of Lao Tzu!

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Wang Shishi, who has been up and down in the business world for a long time, and a person who looks like a human spirit, knew that there was no need to go around in circles when he saw Jing Gao's expression, and asked directly: "Is Phoenix Fund interested in investing in Vanke?"

Jing Gao ate melons throughout the "Baowan Dispute", even if there was no information provided by Guan Yujia and other assistants, he knew the situation. In fact, as long as people who follow the news will pay attention, after all, as long as the two sides make a move, it will be the headlines.

Vanke's corporate culture is to believe in the professional manager system. To put it bluntly, I hope that shareholders will not interfere in the management of the senior management team, and only take dividends. Where can we find such a "good thing"? But the major shareholder, China Resources Group, has really supported it for many years.

Vanke has a historical background to doing this. In the share reform that year, Wang Shishi took the lead in giving up Vanke's shares. He has said this in public many times. And from this distilled a series of "entrepreneurial spirit" and so on.

But that's not to say Vanke's executives don't want to take shares. Vanke has a "Business Partner Stock Ownership Plan". Executives use dividends to purchase two asset management products, "Fortune Wing" and "Deying", every year. According to the disclosure, as of the first half of 2016, the two products held a total of 7.12%.

Jing Gao saw that netizens who supported Baoneng's acquisition scolded that Vanke's stock does not exceed 10 yuan all year round, and Wang Shishi is a bastard, thank you Baoneng Yao Boss for helping me untie the set.

Now Vanke's stock price is about 20 yuan, which is the stock price that has been beaten down. Previously, when Baoneng acquired it, the highest point was more than 25 yuan.

So...

There is a real estate company under the well master: Xia Shang Real Estate, which is planning to merge with Canglong Real Estate to be listed on Hong Kong Island. Therefore, he is only interested in holding shares in Vanke and making financial investments. This is not in line with the idea that he has always pursued to hold and operate personally.

Jing Gao groaned and said sharply: "Mr. Wang, what benefits can I get from intervening in the Baowan dispute?"