Gyeongju.

In the urban area, in the large conference room in the headquarters building of Haiyi Group, witnessed by the negotiation team of Phoenix, Haiyi and Wang Baocai, Cao Danqing, Tang Xuan and Wang Baocai, the representatives of the three parties, signed to confirm the agreement of "annexing" Haiyi Group.

At its peak, Haiyi was valued at US$12.5 billion. It is a relatively eye-catching old non-listed company in the market. Its main business areas are: chemical industry, foreign trade, finance, and minerals.

Jing Gao expressed his thoughts to Cao Danqing: Phoenix Group should not get involved in too many industries. It's a self-preservation strategy!

The emergence of a consortium involved in multiple industrial fields will not end well in China. The words are divided into two ends. On the one hand: the tree is very popular, and it is necessary to save more food for others. There are too many enemies, and sooner or later you have to finish the game.

On the other hand, trying to become an existence similar to the Samsung consortium that affects the lifeblood of the country's economy is too long.

Two things that can't be avoided by the stick: three stars, death. If the Phoenix Group really achieves this level, then he is probably not far from entering. Samsung's successive heads are riddled with lawsuits, and Lee Jae-yong is still being prosecuted.

Alibaba, for example, looks like a behemoth, with 25 business divisions and seven business groups, but it is still essentially an Internet company. Alibaba will not get involved in agriculture or heavy industry.

Tencent's main business is social networking and gaming.

From a normal business point of view, interlacing is like separating mountains. There is no such thing as a company jumping sideways in multiple industries.

Enterprises are trying to diversify because they don't want to put their eggs in the same basket and look for new profit points to resist market risks. This requires a lot of manpower and money for continuous trial and error.

And the problem of well high. As a Shenhao with an unlimited card, as long as he enters a certain industry, regardless of the cost, he will definitely become the boss of the industry. It's nothing more than a matter of time!

So the restriction on him is that it is not a big problem for you to enter one or twenty industries, you really have to expand too outrageously, and the outcome is predictable. This is an implicit restriction on Shenhao. He had realized it before he talked to Guo Siyue.

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Therefore, Cao Danqing represented Phoenix Group in swallowing the financial business that accounted for 56% of Haiyi Group's total assets. Funds, insurance, securities, and 9% of the shares of Jingzhou City Commercial Bank, which are extremely profitable high-quality assets, will be swept away.

Haiyi Group's sales last year were US$24.5 billion, and the financial business contributed very much. Swallow this mouthful, Phoenix Group can be described as a big tonic!

Phoenix Financial Group Co., Ltd., which was established not long ago, is known as the financial business group internally in Phoenix, and its business can immediately spread throughout Handong. Next, it is to expand to the capital or to the magic capital.

This is a completely different path for Alipay!

Phoenix Financial does not deal in "micro-loans". What kind of flowers, borrowing and other functions, Jinggao is not allowed to open. Before, he strongly persuaded Ouyang Wan, a well-informed person in the magic capital, to stop this business.

The P2P Internet finance business is currently very hot, and Idaka has long noticed it. The national teams are all in the game.

The specific way to play is to use a product like Yu'e Bao to let users download the App of related companies to deposit money with a yield higher than the bank deposit interest rate. At the same time, these companies will lend out their money in the form of small loans.

Jing Gao had communicated with Xiao Ma on the phone before. Tencent's WeChat Pay has taken prudent financial measures, and they need to improve the entire payment system, rather than financial innovation.

Jing Gao's idea is very simple: since ancient times, how many loan sharks will end well?

Wrap it up with the discourse system of the Wei and Jin dynasties: this matter is not decent!

Don't wrap usury as pure: there is a demand for loans in the market, and existence is reasonable. If you look at the collection of campus loans, how many evil things are done?

Campus loans and long-term rental apartments are essentially evil in capital! They are wantonly cutting young people's leeks and drinking their blood.

This is just like the well high requirements, the residences developed by Xia Shang Real Estate are not allowed to have public pools. How many squares are written in the contract, that is, how many squares.

What are you doing with plum cucumbers? Most foreign countries do not have such a method of public sharing. A gentleman loves money and takes it in a good way. Can't you earn money honestly and dutifully?

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Here we need to introduce the equity situation of Haiyi Group. As a large enterprise worth nearly 100 billion yuan and with more than 100,000 employees, the organizational structure of Haiyi Group is undoubtedly very complex. Far from being a simple linear architecture of parent companies, subsidiaries, and grandchildren.

Among them, there are various cross-shareholdings, equity incentives, and so on.

This leads to a complex shareholding structure for Haiyi Group.

The equity of Haiyi Group and its subordinate companies, after being sorted out by Phoenix's team, can be roughly divided into the following: the largest shareholder, An Xiaoqian and the companies controlled by his name, account for about 65% of the total shares.

The second largest shareholder is Galaxy Group, with about 15% of the shares. Wang Baocai, the second largest individual shareholder, and some of the minority shareholders who betrayed An Xiaoqian in this union, accounted for about 18% in total. The other 2% is employee equity incentives.

An Xiaoqian is still very righteous. In the case of the rupture of the capital chain of Haiyi Group, Phoenix Group took over her shares and debts, injected capital to revitalize Haiyi Group, and did not affect the equity of other minority shareholders.

In addition to swallowing the financial business of Haiyi Group, Phoenix Group also swallowed "foreign trade" and some of Haiyi Group's property and land assets in Beijing. Together, it accounts for about 10% of total assets.

The equity of the remaining minority shareholders will be coordinated and squeezed into chemicals and minerals. Minority shareholders who are unwilling to contribute capital to buy their shares and clear them out.

Wang Baocai and his collaborators will control the two assets of Haiyi Group, namely chemicals and minerals. This is the benefit of "collusion".

Of course, the brothers settle accounts. They don't have the financial resources to swallow this part of the assets. Phoenix Group will have a 10% stake in each of the two businesses, and the Bank of East Asia will lend them a US$100 million loan.

The 15% stake of Galaxy Group is worth $1.875 billion, and Phoenix Group bought it at an ultra-low price of $300 million. Remove the influence of Galaxy Group from Harbour Plaza Group.

This is only when Ren Yan came to talk.

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"Sign it!"

Cao Danqing was at the conference table, picked up the signature pen prepared for her by the assistant, and wrote her name on the documents one by one.

The transfer agreement on Ren Yan's side, Cao Danqing signed it with him in the morning, and he was not here.

Tang Xuan sat next to Cao Danqing expressionlessly, took the documents handed over, and calmly signed the agreement.

Wang Baocai on the other side smiled like Maitreya Buddha, signed with a smile, handed the documents to the assistant, and said, "Okay." ”

"Smack!"

There was a not-so-enthusiastic but light-hearted round of applause in the room. The reason for the lack of enthusiasm is that no one is willing to emotionally accept the reality that Haiyi Group was swallowed by Phoenix Group.

But, let's face it.

Now, they are subordinates of the Phoenix Group!

At this point, the matter of Haiyi Group is over.