Chapter 36: A dilemma
In the 80s, there was a popular saying in China: 900 million for one billion people, and 100 million are still looking for!
It shows the glorious history of the fallen masters under the conditions of the dual-track economic system at that time, and the most powerful of them is the "official downfall" behind him.
The dual-track system died out with the deepening of domestic economic reforms, but the "official downfall" did not disappear, they just changed their hats and continued to be active on the stage of history.
Under the tide of the market economy, all kinds of bold "second generations" have resorted to various means, continuing the "official downfall" transformation model, and striving to maximize private interests.
The reason why Han Hao is reluctant to stay in the capital is because there are too many "gods and ghosts" here, and there are all kinds of mixed characters, and he really doesn't want to deal with these people.
When the news that he was ready to sell the shares of Minsheng Bank came out, it immediately attracted many receivers, many of whom were also well-known second-generation figures in the capital area.
After the successful listing of Bank of Communications and CCB overseas was well received by the market, the trilogy of China's banking restructuring has been recognized at home and abroad, and ICBC, Bank of China and Agricultural Bank of China are waiting in line for listing.
What is striking is that the stocks bought by strategic investors have obtained ultra-high premium returns, and the returns of several times have made many people worry about the cake of bank share reform.
At present, Minsheng Bank is also undergoing internal restructuring and is preparing to learn from the five major state-owned banks to land overseas listings on a regular basis. Once successful, there is no need to talk about the multiplier returns. At such a critical moment, Han Hao was ready to throw away the equity in his hands, in fact, leaving the opportunity to make money to others.
In order to prepare for the lofty goal of Zhehai Bank, the immediate interests of Minsheng Bank's equity, Han Hao had no choice but to give up in order to cash out funds to reduce his leveraged liabilities.
Knowing that Han Hao was going to reduce leverage, in addition to the equity of Minsheng Bank, he even had to sell and reduce his holdings in Geely Real Estate, which had been rising steadily, and Yin Qingxun, as a financial officer, raised objections.
"The domestic economic situation is very good, and all walks of life are thriving. Even many countries in the world have developed greatly through China, the world's economic engine, such as Russia, Brazil, India and other countries are developing their economies, not to mention the US stock market soaring to a new peak.
In such an environment, you suddenly give up your expansion strategy and turn to contraction, I am afraid that it is contrary to the tide of the times. You've always said that you want to take advantage of the trend, and take the initiative to give up other opportunities in a good situation and sell high-quality assets to reduce debt, I'm afraid it's too timid, right?"
From Yin Qingxun's point of view, he really can't see the significance of Han Hao stepping on the brakes, and he believes that Zhonghua Group should continue to maintain the momentum of expansion and attack China's largest conglomerate. As for the economic crisis, it is even more absurd, and there is no indication that something is wrong with the world economy.
"In the past two years, we have eaten too much and are worried about obesity, so we should calm down and digest it. After several mergers and acquisitions, we have become the largest automobile group in China, whether it is passenger cars or commercial vehicles, we have completely opened up the industrial chain, realized the industrial layout, and do not need to continue to expand.
In addition, from the beginning of the year to the present, the cost price of our vehicle steel has been raised by 15%, not to mention the rising gasoline prices outside, the momentum of rising raw material prices is inevitable, and the signs of domestic inflation have appeared.
As for the assets invested, there are always very few people who can sell at the highest point, and it is also a good time to cash out and leave while they have already obtained returns that exceed psychological expectations.
Therefore, in the current context, we are slowing down and refining our internal strength, so that we can better plan for the future. ”
After Han Hao synthesized the information obtained in his hands, he decided to follow Hu Yiming's ideas to put the brakes on the Zhonghua Group.
All his actions revolve around the theme of "building cars", and whether the economic crisis comes or not, he feels that it is necessary to stop and digest the results. In a few years, the joint venture brand will be free to deal with domestic independent brands, and Zhonghua Group will inevitably bear the brunt of the attack.
It is necessary to use good steel on the blade, integrate resources and allocate materials to the front line, which is the problem that Han Hao will focus on solving this year.
At present, 7.8% of the shares of Minsheng Bank in his hands are converted to as much as 10 billion at the market price, and if the expectation of going overseas listed is added, this asset can reach a conservative valuation of 12 billion. Over the years, it has also received nearly 600 million yuan from the dividends of Minsheng Bank, and Han Hao's investment has received a return of more than 15 times overall.
Hard work in industry is really not as fast as making money from financial investment!
As we all know, Minsheng Bank was formed by a group of private enterprise tycoons, and in addition to the liberals led by Han Hao, there are three other forces to compete with. With the support of Han Hao, Liu Yonghao of the New Hope Department led the management and operation of Minsheng Bank as the chairman, and the other two major forces, the Oceanwide Department and the Oriental Department, could only temporarily lurk.
After Han Hao's sudden withdrawal, such a stable structure ushered in a pattern of collapse and reconstruction. The three forces, whoever can obtain the equity in Han Hao's hands can become the absolute major shareholder and preside over the future of Minsheng Bank.
Liu Yonghao of the New Hope Department finally brought Minsheng Bank on the right track, and he was one of the first candidates to call to take over the equity.
Han Hao wants to go south to build Zhehai Bank, everyone has their own ambitions, and after Liu Yonghao failed to retain him, he hoped that Han Hao's equity transfer could be considered as stable as possible in Minsheng Bank, and not to let the infighting recur.
Oceanwide and Oriental also came to the door, hoping to take over Han Hao's equity at a high premium and regain the dominance of Minsheng Bank. Their bottom line all said that if they couldn't get it, they also hoped that the other two would fail.
The three major forces competing for the equity in Han Hao's hands is only one of them, and more powerful candidates are still to come, and all kinds of "officials" in the new era are also aiming at this piece of fragrant bait, as long as they get it, it will be a profitable business.
The characters who dared to come to the door to talk to Han Hao in person were not fuel-efficient lamps, and they all had indescribable forces behind them. Even if Han Hao deliberately avoided it, they still found all kinds of people with heads and faces to come to deliver messages, hoping to take the equity of Minsheng Bank.
"As long as this cooperation is pleasant, we can settle any trouble that Zhonghua Group encounters in the capital in the future!"
Such a statement is inherently bragging, but there is also some credibility in it. Practice has shown that they have not achieved enough, but they have more than enough failures.
"Development" is more important than "stability," so with China's rapid economic development, many contradictions cannot be resolved in a timely manner, and the "fallen officials" have a place to stay.
If it weren't for the big business of the Zhonghua Group, Han Hao would not be a fuel-efficient lamp, and they would probably not be so polite and easy to talk to ordinary entrepreneurs.
I wanted to sell the equity of Minsheng Bank to cash out, but I didn't expect it to cause so many entanglements, just like Tang monk meat, attracting goblins from all walks of life. Anyone who has watched Journey to the West knows that goblins of all sizes dare to fight Tang monks' meat ideas, in addition to holding magic weapons, there are people behind them.
If it is not handled properly, Han Hao may offend all kinds of immortals.
The best way to deal with equity in a market way is to get the highest price. In this way, it will affect the stability of Minsheng Bank, and it will also make many goblins hold grudges.
Looking back, it looks like I dug a hole for myself, and the best plan is not to sell the equity and continue to keep it as it is.
If it is not sold, the funds on the side of Zhehai Bank will not be in place, and the construction of the financial platform will be delayed in the future. If you sell it, you can't find a suitable object, and it will be difficult for the one with the highest price to control the result, and it will be easy to offend all forces.
Sell or not, they are in a dilemma.
In fact, this is not the first time Han Hao has encountered such a challenge.
The giant ship of Zhonghua Group has led many small enterprises in the automobile industry to grow, and now it has reached the strength to withstand a 10-level typhoon, and its glamorous appearance has naturally attracted many candidates who want to take a free ride.
In the past, the strength of the Zhonghua Group was not enough, and it was located in the south, so it could not enter their eyes. Today, Han Hao has been the richest man in the mainland for many years, and Zhonghua Group has also stepped into the middle of the stage, attracting the attention of many people. Some of the "officials" who have completed the primitive accumulation have begun to look forward to a bigger stage, and the Zhonghua Group has become a suitable target in their eyes.
When Han Hao announced the establishment of an investment fund, there were many people with great backgrounds who wanted to join the shares and follow, but they were all politely rejected by him. Mixing with them, the immediate benefits can be grasped, but it is not a good strategy in the long run, so Han Hao gave up a lot of investment opportunities.
Many upstart entrepreneurs have adopted a compromise strategy, agreeing to the "official fall" to come in, use their influence to open the way, and take them to fly for a while. Wait until the other party is full of blood and find another target to leave, and then focus on your career.
Han Hao will not accept such an act of losing the initiative, because you can't define when the other party will be full. What's more, if you lead a wolf into the room, who can guarantee that the other party will not be anti-guest-oriented. Therefore, he held on to his walls and was reluctant to let the other party in.
However, the second generation is not easy to get rid of, they are still thinking about taking the giant ship of China Group for free, and this Minsheng Bank equity incident has rendered their emotions to a new height.
For this reason, they even joined hands to collectively exert pressure on Han Hao, just seeking to equalize their interests in Minsheng Bank.
As long as the bridgehead of Minsheng Bank is broken, they can drive straight into the Zhonghua Group in the future and unscrupulously start a free ride.
Therefore, it is not enough to solve the affairs of Minsheng Bank, as long as Zhonghua Group has a new project in the future, it may attract the competition of many goblins, which will obviously have a great negative impact on Han Hao's career.
Han Hao must think about the problem from a strategic height, deal with such a challenge, and come up with a foolproof strategy.