Chapter 252: Hanhua of Change

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“… At present, GCA Capital has a total of 15 private equity funds, including VC department, PE department and M&A department, with total assets under management of 203 million US dollars! It currently holds a 90% stake in the group.... ”

"Is Wang Pengju there?" Guo Shouyun said.

"He went to all parts of the country to inspect Jianlibao's supply system, but he didn't have time to attend this meeting!" Guo Zhendao.

Wang Pengju is the CEO of Hanhua Company who was sent out to manage the company after the acquisition of Jianlibao.

"Has the rectification of Jianlibao Group begun?" Then, Guo Shouyun asked closely.

"It's already started. However, according to the boss's explanation, at present, we mainly focus on the personnel aspect, and Jianlibao's corporate structure and planning strategy have not been improved. ”

"The political and business environment in China is very special. It is more appropriate to do it after a detailed investigation. In addition, you can explain to Wang Pengju that his understanding of the supply chain cannot be limited to the surface, and he must talk to the local newsagents and commissaries at the lowest level in every place, and they are often the best able to grasp the tastes and needs of local customers. Also, after he came back, he immediately found a database software company to create a detailed real-time monitoring system for the distribution network, to detail the distributors at the bottom, we have to know how many cans of Jianlibao drinks are sold in each commissary and each newsstand a day, so as to achieve the ultimate in sales. ”

"Boss, if you do this, I'm afraid it will consume a lot of money and time, is it really worth it?" asked Guo Zhen.

Guo Shouyun understood what he meant, "Although Jianlibao is our PE project, PE is not only for listing and then withdrawing for profit, for high-quality enterprises that can obtain rich benefits, long-term shareholding will get greater benefits, Jianlibao is this kind of high-quality company." In addition, the best way to maximize the value of a company is to run it as if it were our own!"

"Got it!"

"What are the plans for GCA Capital in the second half of the year? I'm talking about projects that cost a lot of money. ”

"VC department has more targets, after the meeting, in addition to Jianlibao, Gui ~ Zhou Moutai, PCCW, Wuliangye, Evergrande, Huayi Brothers is the object we intend to invest, is still in the investigation stage, just the specific investment ratio, & A mergers and acquisitions department has two projects, one is the MBO of Midea Group, and the other is a joint venture project between Brilliance and the British Louvre Automobile Company. ”

"Fax me a copy of the project information of the PE and M&A departments!

"Yes!"

"Xing Zhiping, what about your Hanhua Trust?" Guo Shouyun asked instead.

"Thanks to the popularity of "Legend" and the rapid development of Monternet, Tencent and NetEase are financially running well, and their businesses are developing rapidly. The value of corporate assets has grown rapidly, and although it has only been half a year, it has already achieved a growth rate of 47.8%. According to market assessments, the total value of the assets of GCA Trust is US$98.2 million!"

Then Guo Shouyun continued: "Li Yu, you are in charge of the negotiation with Country Garden, is there a result now?"

"The intention to cooperate has basically been reached, as long as the boss is willing to contribute 240 million US dollars, he can get 30% of the preferred shares of Country Garden Group! However, they require that it must be paid in full in cash!" said Li Yu, COO of Hanhua.

"I promised, sign the contract as soon as possible!" Guo Shouyun said after thinking about it.

"Yes!"

"This asset will be placed under Yunhua Investment. As for the management rights, Xing Zhiping, I'll hand it over to your Sinicization Trust!"

"Thank you boss for your trust!"

"Well, in addition, I'm also very interested in Gui~Zhou Moutai, you go and ask me to see if they are willing to accept financial investment. I don't want management rights, just preferred shares!"

Before Guo Shouyun was reborn, Moutai's market value of nearly one trillion made it impressed. At the beginning, in his own portfolio in the stock market, in addition to China Literature Group, Moutai accounted for the largest proportion. In this life, he is even more reluctant to miss it. It's just that Moutai is not short of money and may not accept capital injection. And, looking at their financial statements, they haven't raised about 2 billion Huaxia dollars since they went public in 2001, and they haven't raised money in the stock market.

Thinking of this, Guo Shouyun added: "If Moutai is unwilling, you can buy it from the stock market for me, and I want as much as I want." The funds do not go through the accounts of GCA, and the share management rights still belong to your GCA Trust. ”

"Yes!"

"Chen Dong, how is the business development of your Hanhua Securities?"

"At present, the company is in its infancy, with only one headquarters in Hong Kong, and its business is relatively limited!" said Chen Dong, CEO of Hanhua Securities.

Among all the brother companies, Hanhua Securities has the worst performance, and the number of customers is less than 10,000 today.

"Lao Zhang, how is Li Ning's equity financing doing?" After a moment of silence, Guo Shouyun asked instead.

"With Li Jingwei's help, Li Ning did not refuse, so the negotiation went smoothly, and we got 20% of Li Ning's preferred shares!" Zhang Lei said.

"That's good. If the business of GCA Securities wants to expand, it must first establish its own popularity in the industry. In addition to mergers and acquisitions of peer companies, the best way to do this is to act as a securities underwriter and run the good companies to go public. Whether it is Jianlibao or Li Ning, it is a good choice. Of course, the companies in which we have a stake are also good. Guo Shouyun said.

"Boss, we have not been established for a long time, and we don't have many customers, even if there are excellent companies, it is difficult to maximize the value, so I think we will use mergers and acquisitions in the near future to increase the number of our customers first!"

After Zhang Lei's words were finished, Chen Dong's eyes instantly lit up.

"Oh, what do you think?"

GCA Fund has made a lot of money from gold speculation and Champions League betting, so he doesn't mind mergers and acquisitions.

"I plan to acquire Zhejiang ~ Jiang First Bank!"

"Zhejiang~Jiang First Bank?" Guo Shouyun had never heard of this name.

"This is a local bank in Hong Kong, with 17 branches, total assets of 32.9 billion Hong Kong dollars, and a market value of about 3.8 billion Hong Kong dollars! At present, the shares are held by Japan's Ruihui Financial Group! However, after the merger of Dai-ichi Bank, Fuji Bank, and Japan Industrial Bank, the branches in Hong Kong have also been merged. The importance of Zhejiang~Jiang First Bank has decreased, if we come up with a suitable price, I believe the other party will not refuse!"

"Lao Zhang, banks are not securities!" Guo Shouyun said.

"Boss, it's not a conflict. In addition, after the acquisition of Zhe~Jiang First Bank, it will not only help the securities business, but also enhance the company's reputation in Hong Kong and even the entire East Asian financial circle, as well as the private equity business. ”

"It seems that you have a lot of ambitions. But... I like it. After a pause, thinking of his reform of Hanhua, Guo Shouyun continued, "Do you want to come to Zhejiang~Jiang First Bank also has a public fund business?"

"Yes. There are 13 funds under its wealth management and asset management divisions!"

"If this acquisition can be successful, then the first bank of Zhejiang ~ Jiang will be changed to Hanhua Bank, retain the retail banking and wealth management business, and the asset management business will be subsumed into the Hanhua Fund. In the future, the main business of Hanhua Fund is asset management, and as for the hedge fund business, it will be placed under the Mangzhong Fund. ”

“… In other words, after the business adjustment, the entire GCA Holding Group has six branches, including GCA Capital, GCA Trust, GCA Fund, GCA Securities, GCA Bank and Mangzhong Fund, which are engaged in venture capital, private equity, M&A advisory and services, trust, asset management, economic business, retail banking and wealth management business, and hedge funds. In addition, the Mango Fund belongs to GCA, but it is directly managed by me. For each profit, GCA can get 20% of the after-tax profit as capital, and the distribution and use of other profits is up to me. ”

“… In addition, the company's management structure has also been adjusted to a certain extent. From this moment on, the board of directors of GCA Financial Holding Group was formally established, with me as the chairman of the board, Zhang Lei as the vice chairman and CEO of GCA Financial Holding Group, Li Yu as the executive director and COO, and Ken · Haoerrui served as executive director and CFO, Zhang Kaiwen served as executive director and CHO, Guo Zhen served as executive director and CEO of GCA Capital, Xing Zhiping served as executive director and CEO of GCA Trust, Chen Dong served as executive director and CEO of GCA Securities, and there were no suitable professional managers for GCA Fund and GCA Bank at present. ”

“… In the future, all major decisions of GCA Financial Holding Group will be decided by the board of directors after collective deliberation! The CEO of each subsidiary only has the power to deal with the appointment of personnel at the middle level and below, and the financial decisions below 20 million Huaxia Yuan. ”

According to sociologists and psychologists, the probability of a collective producing good decisions, while ensuring diversity and independence, is higher than the probability of the best among them being made by the best of them.

Comparing China's ****** leadership mechanism with the U.S. presidential system, it becomes clear which is better.

Moreover, after experimenting with this system for Phoenix and Pan Pacific Energy Group for a period of time, Guo Shouyun clearly felt the rationality of this system and the superiority of formulating long-term plans. Therefore, this system began to be gradually replicated in other companies under its umbrella.

Gathering the wisdom of all people can avoid the probability of him making mistakes in business management to the greatest extent. However, in order to ensure his independence, or to make the greatest use of his prior knowledge, he ensured his direct control over the Thunder Fund and the Mangzhong Fund. In this way, he can maximize the use of foresight to extract profits from the capital market and provide abundant development funds for his various companies.