Chapter 604 Consortium Formation
This night, Xia Yu took Li Qian and Li Wuming to Elena's house, and Henry, who had not been notified by his sister, suddenly saw Xia Yu and the others who appeared, especially when he saw Li Wuming, he jumped up excitedly, and then excitedly pulled Li Wuming to show the results of his efforts.
The next day, Gerald Pat learned that Xia Yu had come to London, and made a special call to Xia Yu and took the initiative to invite Xia Yu to his house for dinner.
After that, Xia Yu came to the headquarters of China Commercial Bank, and Wu Hongyi specially invited him to come and inform him of the specific process of the formation of the China Commercial Consortium.
"Tuk Tuk!"
Entering the China Commercial Bank, Xia Yu came straight to the door of Wu Hongyi's office, because the office was not closed, he saw Wu Hongyi who was immersed in work at a glance, he knocked on the door, and then walked in.
Wu Hongyi blinked his sour eyes, raised his head and saw Xia Yu walking over with a smile on his face, his spirits lifted, he stood up happily and walked towards Xia Yu.
"Xia Yu, long time no see!"
"Hongyi, I haven't seen you for more than a month, I have seen you have a lot of vicissitudes, and you are under a lot of pressure?"
Wu Hongyi smiled wryly, sighed and said: "It's really a lot of pressure, but the reason is that I am inexperienced, compared to the beginning, it is better now." “
"Thank you!"
Xia Yu patted his arm and said sincerely.
Wu Hongyi smiled and said: "The harvest is far greater than the pay, no matter how hard I work, I enjoy it." ”
"Haha......"
"Come, sit down first, and you can take a look at my documents. ”
"Good!"
Xia Yu sat on the sofa and saw Wu Hongyi take out the key and open the safe in the corner, take out a thick stack of documents from it, and walk over and place them on the small round table next to the coffee table.
"Let's take a look at it first, this is more than a month down, the replacement of the corresponding company's equity contracts, a total of nine. ”
After speaking, Wu Hongyi made tea by himself.
Xia Yu was not polite, picked up the top contract and looked at it.
"Rustling ......"
After reading the documents one by one, Xia Yu kept thinking and analyzing in his mind, and occasionally paused for a moment to drink tea.
Wu Hongyi did not bother, looked at Xia Yu quietly, and at the same time sorted out his thoughts, preparing to tell Xia Yu about the specific situation of preparing the Chinese business consortium later.
Nine companies, some large and some small, are distributed in various industries, and there is only one in an industry, and these nine companies will be the core companies of the future Chinese business consortium.
Wu Hongyi did not pay money, but simply exchanged the equity of Huashang Bank with these companies.
Soon after Xia Yu left London, Huashang Bank completed the privatization process, with an equity ratio of 64 points, the Wu family occupied 6 floors, Xia Yu occupied 4 floors, and the total share capital of China Commercial Bank was 10 million shares.
The shares exchanged with other companies are additional shares issued by China Commercial Bank, which is conducive to the control of China Commercial Bank by Wu Jia and Xia Yu, and is also more convenient for equity exchange.
Every company that wants to join must take out the company's equity worth higher than the shares taken out by Huashang Bank, without paying a penny, so as not to let the Wu family and Xia Yu suffer.
For example, assuming that 500,000 new shares are added, then the total share capital of China Commercial Bank becomes 10.5 million shares, the Wu family's equity ratio will drop from 60% to 57.1%, Xia Yu's equity ratio will drop from 40% to 38.09%, and the new shareholders will account for 4.76% of the shares.
Originally, the 4.76% equity belonged to the Wu family and Xia Yu, but now it has become a new shareholder, and it stands to reason that the new shareholder should give money to the Wu family and Xia Yu, but now there is no need to give money, only need to take out the equity replacement.
After the equity replacement, it belongs to the three shareholders, that is, there is still a part of the interest that belongs to the new shareholders.
Therefore, the new shareholders must come up with shares of the corresponding company with a value higher than the 4.76% equity of Huashang Bank, so as to ensure that the interests of the Wu family and Xia Yu are not violated.
After the second company replaces its equity, it will issue new shares, and the equity ratio of the original three shareholders will decline again.
In this way, with each replacement of the equity of each company, the total value of China Commercial Bank will rise by a notch.
Moreover, after each company replaces its equity, the condition is that the working capital goes to the account of Huashang Bank, so that the assets of Huashang Bank continue to rise, and the value of Huashang Bank continues to rise.
The companies that joined later either took out more equity or chose less equity in China Commercial Bank.
But everyone knows that as soon as the Huashang Consortium was established, the value of Huashang Bank was immeasurable, so it was up to the Wu family and Xia Yu to decide how much equity they wanted, not as much as the latecomers wanted.
After the replacement of the nine companies, the total share capital of Huashang Bank has become 12.1 million shares, the Wu family's shareholding ratio has dropped to 49.58%, and Xia Yu's shareholding ratio has dropped to 33.05%, with 2.1 million new shares.
The nine companies hold a total of 17.35% of the shares, and the largest one will not exceed 3%.
And with the addition of more and more companies later, if the companies that have joined in front of them want to ensure that the equity ratio does not decrease, they need the consent of Wu Jia and Xia Yu to be able to take out their company's equity replacement again, and do not accept any application for capital share purchase.
Huashang Bank is the core of the future Huashang consortium, and the meaning and value of stocks are no longer limited to the value of simple assets, unless the Wu family and Xia Yu are stupid, they will take it out to exchange for money.
In the previous discussion between Wu Hongyi and Xia Yu, in order to ensure that the control of the Chinese business consortium would not be taken away by outsiders, for the sake of conservatism, the combined equity of the two parties should be more than 51%, preferably between 55% and 60%.
Now 17.35% has been replaced, and there is still 22.65% to 27.65% of the space, and there is no problem in absorbing fifteen more companies.
The two have already discussed that the number of core companies at the beginning of the Chinese business consortium is better in more than 20.
Xia Yu put down the last document, took the tea and drank it all, and said with a little emotion: "Hongyi, I have done nine companies in more than a month, and the efficiency is really high!"
Wu Hongyi laughed and said: "The main thing is that the general trend is on our side, the CEOs of those companies I found, after I drew the pie of the Chinese business consortium to them, no one can resist the temptation, and the only difficulty is only in the value and proportion of equity replacement." ”
"The initiative is on our side, and they are not stupid, even if it is to crush competitors, they will rush to join. ”
"You just came back and don't know the situation, and now that we have taken the lead in preparing for the establishment of a Chinese businessman consortium, it has been spread among Chinese businessmen, and I don't need to take the initiative to look for it, those companies have taken the initiative to find it, and the threshold will be trampled on. ”
Hearing this, Xia Yu also smiled, and the current situation was the same as he had expected before.
In fact, although in the United Kingdom, there are five or six banks established by Chinese, but the one that can be famous in the United Kingdom is the China Commercial Bank, and the others are not well-known small banks.
The only people who are qualified and have the strength to form a consortium are the Wu family and Huashang Bank.
So this is the only boat that the British Huasheng can get on.
The British ship, the Chinese merchants are not qualified to go up at all, even if they come over, they will be eaten, and they are doomed to a dead end.
Originally, everyone swam across the river, and suddenly their competitors crossed the river by boat, and as time passed, there was a high probability that they would drown.
The value of this ticket is as good as you can imagine!
People who don't rush to join can only say that their vision is not long-term enough, and this kind of person will be eliminated from the market sooner or later.
"Hongyi, according to the current situation, the Chinese Business Consortium will be able to be established in the second half of this year. ”
"Absolutely, we don't need to ask people to join, it's very efficient, even if I increase my control efforts, I can screen out more than a dozen companies in two months at most, and after the core company is determined, you can set up a consortium manager's meeting." “
Xia Yu bowed slightly, and remembered Ye Huanrong's request when he called him before, so he said to Wu Hongyi: "By the way, Hongyi, Ye Huanrong's Rongye has great potential, and when the time comes, he will be absorbed into his company." ”
Wu Hongyi nodded: "Okay, Rongye Bank has submitted an application, because the volume is relatively small, so it has not been reviewed for the time being, and I will solve it in the next few days." ”
He also knew that Xia Yu had invested in Rongye Bank, as far as he knew, among all the Chinese enterprises in the UK, Xia Yu only invested in Rongye Bank, even if Xia Yu didn't mention it today, he would also absorb Rongye Bank in the future.
Now that Xia Yu has mentioned it, it is natural to do special things.
"Xia Yu, I have some questions for you......"
After that, Wu Hongyi asked Xia Yu for advice on the problems encountered in the formation of the consortium, and in the process of discussion, Chinese businessmen came to the door from time to time, and Xia Yu sat quietly and drank tea on the side, allowing Wu Hongyi to play.
Before I knew it, the morning passed, and after eating at the Phoenix Building at noon, Xia Yu went to the Galaxy Fund to check the information on the British business community collected by Liu Ji and others, looking for an opportunity to make a fortune.
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