Chapter 680 Inventory of Trust Assets

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"By the way, from now on, we will slowly get rid of our holdings of Yahoo and eBay stocks. ”

"Yahoo and eBay's operating income and net profit are growing, and the shares of the two companies are also appreciating, isn't it too early to sell now?" Liu Zhixing frowned.

"It's a little early, but we have too much stock in Yahoo and eBay. If you don't do it now, I'm afraid it will be more troublesome in the future. ”

Now Yahoo's share price is around $65 billion, while eBay is around $58 billion. Although in Guo Shouyun's impression, they will have a higher performance. But Guo Shouyun has no intention of waiting any longer.

He holds 33.8% of eBay's total share capital of 1.341 billion, or 453 million shares. He holds 24.9% of Yahoo's 1.432 billion shares, or 357 million shares. The monthly trading volume of the two stocks is only about 20 million shares. In order to avoid selling too much and putting pressure on the two stocks, and then losing their own profits. It will take at least a year, if not more, for Guo Shouyun to get rid of all the shares of Yahoo and eBay.

According to his expectations, eBay and Yahoo will not only get a lot of money after they are sold at the end of 05 or early 06, but also prepare for the upcoming subprime mortgage crisis.

However, Guo Shouyun's plans to sell stocks are not just eBay and Yahoo.

"You can contact the Tata Group on my behalf to see if we can sell them our 40% interest in the Dabor steel project. ”

Dabor Steel is a mega steel project jointly built by GCA Trust and Tata Group, with a total investment of US$2.5 billion, with a production capacity of 6 million tons when completed in the first phase, and the entire Dabor steel plant will have an annual production capacity of 13 million tons of steel after the completion of the second phase.

The project relies on the superior iron ore resources of Maharashtra, India, and the 2,350 MW Dabor power plant established by Pacific Energy Group in Dabor, India. Now the first phase of the 6 million tons of steel project has been completed, and the second phase of construction began at the end of 03, and it is expected to be completed by the middle of 05. Thanks to Tata Steel's global sales system, the mill's products are not sold. Therefore, when issuing bonds to finance this project, the rating agency gave a triple A!

But even so, even though Tata Steel is the world's most profitable steel company in its industry, Guo Shouyun has not thought about owning its stake for long.

In the first place, if it weren't for the fact that he had avoided a billion-dollar investment in the Dabor power plant, he would not have invested in such a large steel plant.

It is not the 19th century, and the glory days of the steel industry are long gone. In addition to high value-added special steel, the crude steel industry is basically to make hard money. Moreover, hard money can not be earned for a few years, and after the subprime mortgage crisis, the global steel industry recession tide comes, and it is good not to lose money and make money.

"Dabor Steel?"

Looking at Liu Zhixing's frowning brows, Guo Shouyun could guess what he wanted to say.

"Don't convince me. The profit margins in the steel industry are so low that I really don't have much interest. And, I now have better projects to fund. Try to sell the interests of Dabor Steel, I believe that Tata Steel, which is actively expanding around the world, will be interested. ”

Liu Zhixing nodded.

After explaining Yahoo, eBay and Dabor Steel, Guo Shouyun looked at the rest of the assets under the Guo family trust. In addition to the core assets of Guo's, Ruby and Matrix.

Bewen Economic Sports Company is an asset run by his brother-in-law Al Bevan, although he owns 51% and has little interest in sports economics, but this asset cannot be sold.

SpaceX is the property of Musk, who is known as the second Jobs in the future, and he holds 10% of the original shares, which should be used as an investment. Moreover, this company is still a popular private space company in ten years, and it may be useful to keep this part of the shares in the future.

Amazon has a 33.2% stake, which certainly can't be sold. At the beginning, he spent a lot of effort, and did not hesitate to come up with the idea of Thorn Bird Publishing and cloud computing to get this part of the equity from the "die-hard" Jeff Bezos.

He doesn't plan to make a move until Amazon's stock price surpasses $500 billion.

United Real Estate is a real estate development company established by him and the second generation of wealthy Chinese in the United States, and he owns 15% of the shares. In recent years, thanks to the recovery of the real estate industry in the United States, coupled with the connections of a number of wealthy Chinese, the company's development has been relatively smooth. Three years later, the original investment of $100 million has now increased fivefold. Although Guo Shouyun doesn't like it, he also wants to sell it. But considering that he is Chinese, he cannot exist apart from this group. In order to maintain the contact between the two parties, it is better not to sell this part of the shares.

Speaking of which, the nature of United Real Estate is similar to that of Huayi Real Estate under Hanhua Trust, which is the result of building connections. However, behind Huayi Real Estate are the three generations of red people in 49 cities.

Netflix 29.3%, as a streaming company, Netflix's business is similar to Hulu, which was jointly established by Matrix and Time Warner. Now Hulu is the second-largest streaming company in the United States after Netflix, with a 50% stake in Matrix.

However, Guo Shouyun is still more inclined to Netflix than Hulu. First, from the memory of the previous life, Netflix has always been the world's largest streaming company. Hulu is also good, but Matrix made several tentative offers to Time Warner, but they were all rejected by the other party. Obviously, although this veteran media company has planted a big heel in the United States online, it still does not give up on the power of online media.

Therefore, Guo Shouyun retains the shares of Netflix, and if he can't take Hulu into his arms, he will buy Netflix and improve the streaming platform of the matrix.

Veolia, after integrating the water business of Pan Pacific Group, is now a well-deserved giant in the global water industry. In addition, it has become a favorable competitor in the solid waste business, waste incineration, and energy fields. In the second quarter of 2004, the main business income was US$6.139 billion and the net profit was US$288 million. With total assets of 44.37 billion US dollars and net assets of 9.126 billion US dollars, it is one of the world's top 500 companies. If it weren't for the low net profit, it would have a market capitalization of more than $10 billion.

Guo Shouyun now holds a 32% stake in Veolia, the parent company of Vivendi, through his last partnership with Vevendi, and has become the undisputed majority shareholder of Vivendi after Vivendi reduced its stake in Veolia by 65 million shares in November last year.

Now, though, he is thinking about buying Veolia. But water treatment, environmental services, and energy are all blue oceans of the future. Guo Shouyun didn't plan to give up easily, so this part of the equity was temporarily kept in his hands for the time being.

Finally, Merrill Lynch is the securities that cannot be given up.