Three days later.

Ding Siyao brought a group of middle and senior executives of Yimin Wealth who had just flown to Singapore from the mainland to Barclays Singapore Wealth Management Co., Ltd., ready to complete the final acquisition and closing procedures with the other party.

In addition to her own staff, she was accompanied by a team of auditors from KPMG's Singapore office and a team of commercial lawyers from Kevin Tse & Co. in Singapore.

Since the beginning of the new century, Chinese enterprises have gradually gone abroad and started the pace of mergers and acquisitions overseas.

During this period, I suffered a lot of losses, paid a lot of tuition fees, and provided valuable experience for the latecomers.

In overseas M&A, in addition to conducting due diligence on the company's own assets such as talents, equipment, technology, and markets, it is also necessary to consider a series of circumstances such as local laws and even the country's diplomatic relations with China.

Sun Yanjia took Barclays employees to greet Ding Siyao and his party at the door of the company.

Seeing that Ding Siyao had arrived, Sun Yanjia made an invitation with a smile on her face, "Mr. Ding, please inside!"

Ding Siyao said that she had worked hard, and then the group followed Sun Yanjia to the conference room.

Sun Yanjia instructed her subordinates to bring a large number of things, including the company's official seal, main contracts, labor contracts, as well as bank accounts-related legal person's private seals, account books, statements, electronic banking usernames, keys, checkbooks, etc.

The audit team and law firm team hired by Yimin Wealth started to work, reviewing every contract and bill.

The work process was relatively long, so Sun Yanjia invited Ding Siyao to sit in the president's office for a while.

The two came to the spacious and bright president's office, sat on the sofa, and Sun Yanjia spoke first: "Mr. Ding is really amazing! I was still working as a customer service manager at Barclays Bank when I was your age. ”

Ding Siyao smiled, "Singapore has a more developed economy than the mainland, but because of this, there are also a lot of entrepreneurial opportunities. ”

Sun Yanjia nodded, she came to Barclays to work after graduating from college, and it took nearly twenty years to rise to her current position.

Ding Siyao learned that she only started a business with Zhang Yida in the second half of 13 years, and became the CEO of a listed company in less than three years.

Although she is the vice president of Singapore of the second largest bank in the United Kingdom, and a gold-collar family with an annual salary of millions, she is also a wage earner in the final analysis.

The twenty-five-year-old girl in front of her is the CEO of a listed company with great power, and after the acquisition is completed, the word "multinational group" may be added to her name.

Not only that, but she also owns a few hundred percent of Yimin Wealth's shares, and is worth nearly 100 million US dollars in terms of market capitalization.

"Mr. Ding, I heard that you just graduated from college and started a business in partnership with Mr. Zhang?"

Ding Siyao shook her head, "Not really! Before that, I interned at a microfinance company for a few months. ”

Sun Yanjia doesn't know what to say, this luck is too good!

An ordinary university graduate in mainland China became the CEO of a listed company in three years, and he is worth hundreds of millions.

Now sometimes it's so cruel, the choice is greater than the effort!

Sun Yanjia is also thinking, if she chooses to enter the mainland for development when she graduates from university, will it be better than now?

Both the Internet and the financial industry in mainland China have developed rapidly in the past 20 years.

Didn't my sister just mix up in Hong Kong and Taiwan circles in her early years? In the end, she didn't want to go to the mainland to make money.

It's a pity that I didn't seize this opportunity!

"Mr. Ding, after the completion of the transaction, is it time to call the remaining $256 million balance to our company? ”

"Of course," Ding Siyao said with a smile, "It's good that everything goes according to the process, Mr. Sun, you can rest assured, we Yimin Wealth is very credibility, and we will never owe your company a penny of the acquisition money." ”

"Haha, I naturally believe in your company. Sun Yanjia said with a smile, "I see that on the Bloomberg terminal, Yimin Wealth's cash and short-term investment is more than 600 million and nearly 700 million US dollars, and your company has strong financial resources!"

"We're a small company, we can't compare to Barclay. Ding Siyao was modest, Yimin Wealth is definitely a hegemon in the third-party wealth management industry in China, and it is not ranked in the international market.

"Okay, let's not talk about that. In the next period of time, we at Barclays will definitely cooperate with Yimin Wealth to do a good job in the delivery.

Actually, I want to end this sooner rather than later. ”

Sun Yanjia seemed to think of something, and said: "Mr. Ding, in the process of closing, if there is a loss of customers and a loss of the employee team, please forgive me!"

After all, there has been such a big change in Barclays Singapore, and it is normal for there to be fluctuations. ”

Ding Siyao frowned and said, "Mr. Sun, we have signed a supplementary agreement.

In the event of loss of customers and staff during the closing process, we have the right to reassess the purchase price. ”

"Of course," Sun Yanjia nodded, "At this point, we both have common interests.

You want to take on more client assets, and we at Barclays want to sell at a better price. ”

Sun Yanjia added: "Because of the change of the company, all the client's asset management contracts need to be re-signed.

Therefore, Barclays will cooperate with Yimin Wealth to invite customers to come to the meeting and re-sign new contracts to ensure a smooth business transition. ”

"That's no problem, Yimin Wealth would rather spend more on the acquisition price, but also ensure that customers are not lost as much as possible. ”

……

"Mr. Sun, we invited our clients to come to Singapore to re-sign the asset management contract with Yimin Wealth, but many clients rejected the ......"

The subordinate reported to Sun Yanjia a thing that made her very sad, and she asked, "What is the specific reason?"

His subordinate, who is also of Chinese Singaporeanism, pouted: "The client said that he valued us as the second largest bank in the British Empire, so he entrusted us with the management of assets.

But now that it has been managed by mainlanders, they are not at ease and feel that mainlanders are not good at finance. ”

"What kind of bad excuse is this? If you don't do finance, can you become a company listed on the New York Stock Exchange with a market value of more than $2 billion?"

Sun Yanjia is very angry, every time she loses a customer, it means that the selling price of Barclays' business is reduced by one point.

If the matter is big and the purchase price is seriously affected, it is not good for the group to push someone out to take the blame.

Anyway, the person who bears the blame can't be President Cliff, because he is British.

On the contrary, it is very likely that he is a Singaporean! Moreover, Cliff has been hiding behind and not coming forward, probably expecting that today, he just wants to evade responsibility.

"How many customers are willing to come to the conference?" asked Sun Yanjia.

"Less than 70 percent. ”

Hearing this number, Sun Yanjia, who has a good temperament and recuperation, couldn't help but scold.

Although she has also considered the loss of customers, she thinks that at most she will achieve a lot of success or two.

However, reality has dealt her a heavy blow!

"How does their team of financial planners advertise their clients? Even if they change owners now, their financial planners have to count on the customers they have to eat.

Now that the customers are lost, they will drink the northwest wind in the future?"

Faced with the angry boss, the subordinate smiled bitterly and replied: "The financial planner team has also done their best! Many people have flown to Hong Kong and other parts of Southeast Asia in person to try to convince customers."

And then all the efforts failed! A lot of people don't believe that mainlanders can manage their assets well.

In their view, Yimin wealth is also good luck, stained with the light of the system and some insider trading, before it was listed on the New York Stock Exchange.

From a fundamental point of view, it is difficult for a company that has been established for less than three years to convince customers. ”

Sun Yanjia is also a Singaporean, so she naturally understands that some people in the Chinese community look down on the mainland, and even look down on mainland companies.

Logically, it's probably not hard to understand why so many customers are quitting.

Sun Yanjia said: "Is the introduction of Yimin wealth to customers in place?"

The subordinate shook his head and smiled bitterly, "I said it! Including the cooperation between Yimin Wealth and Ruixiang Industrial Fund, the relationship between Ruixiang Industrial Fund and Hong Leong Group, Sinar Mas Group and other top chaebols in Southeast Asia, and even the relationship between Zhang Yida and Ruixiang and Yimin Wealth."

Zhang Yida is indeed a very powerful young man who has made many well-known Internet companies.

He is not Warren Buffett, but has a reputation as a world-renowned investment guru. ”

Sun Yanjia frowned, not knowing what she was thinking, and sighed after a while:

"Yimin Wealth is the LP of Ruixiang Industrial Fund, which has invested in dozens of unicorn companies in mainland China and Southeast Asia, as well as South Korea, India and other countries, and has made great achievements in the primary market!

That's not enough to be attractive?"

"None of these companies are currently listed, and although they are called unicorns, it is difficult to say what the future holds.

What if there is an Internet bubble?

The book return of Yimin Wealth looks really good, but because you have been established for too short a time, there are few project dividends at present.

And a wealth management company, no matter how powerful the equity investment field is, is only walking on one leg.

If Yimin Wealth can prove its vision again in the fields of foreign exchange, futures, and securities investment, I believe the situation will look much better. ”

The analysis of the subordinates is still very objective, and Sun Yanjia also feels that there is some truth, she said: "If the wealth of the people in every field can make some achievements, it will not be the current volume for a long time."

It's not their turn to pick and choose these "pseudo-rich" here. ”

No matter how pseudo-rich you are, your per capita assets are tens of millions of dollars!

The subordinates were slandered, so they had to follow Sun Yanjia's words and said: "That's true, the top Chinese chaebols are investing in Ruixiang Industrial Fund, and I don't understand what these people are thinking?"

"I think they are still too arrogant, and they are very prejudiced against everything in the mainland!"

The subordinate nodded yes and asked, "Then what should we do now?"

"Let's do it for now! Invite as many customers as I can, and I'll talk to President Cliff. ”