067 Perfect 1995
"In fact, I also know that without foreign funds, if it is just me to develop East West Bank, the development will be very slow, after all, my main business is not in the banking industry and I am not a Meidi person, for your shareholding, from my personal approval.
In fact, the mainland government of Huaxia had sent someone to discuss with me before, saying that it was possible to consider acquiring some shares, although I also agreed, but unfortunately in the end, because Huaxia temporarily developed its own country and did not have much money, only 15% of the shares were invested, and the rest were in my hands.
This time, I will explain this situation to you when you come to buy shares, and I have signed an agreement with the mainland government that when China's economy rises in the future, I will transfer some of the shares.
Therefore, Mr. Li, if you want to take a stake in Huamei, when the mainland government needs to take a stake, you have to agree to their conditions for becoming a shareholder, otherwise I would rather let Huamei develop slowly. ”
Hearing Lin Dexiang's words, Li Feng was suddenly surprised in his heart, after hearing about East West Bank in his previous life, there have always been rumors that Huamei has a Chinese-funded background, but he didn't expect it to really be.
Li Feng was very happy at this time, and was worried about how to enter the mainland market, of course Li Feng didn't want to let go of such an opportunity, and immediately smiled happily.
……
Seeing that Li Feng didn't think about it, Lin Dexiang also breathed a sigh of relief, he himself has been worried about funds recently, in recent years in the mainland to invest in the construction of factories, will shift the center of gravity, the group's funds are also a little tight, this time Li Feng acquired 25% of the shares, are Lin Dexiang sold by himself.
Since Li Feng agreed to his request, then he can get this $100 million in cash, which is almost double the return on the investment made a few years ago, and he still has so many shares in hand, with this fund, his main business can be further developed in Huaxia, which is a great help to his business.
At the same time, Li Feng also knew why he hadn't seen the relevant personnel with a Chinese-funded background before, it turned out that it was because of his identity as an American, and he didn't know his attitude for the time being, so in order to avoid suspicion, they left temporarily, and Lin Dexiang passed it on their behalf.
At this time, Li Feng also understood why Lin Dexiang wanted to meet him, after all, this involved the power of national capital, so he couldn't ignore it.
This time it was a win-win situation, Li Feng got the opportunity to smoothly control Huamei and enter the American banking industry, and Lin Dexiang also found the much-needed development funds, and the Chinese consortium also reached a tacit understanding with Li Feng.
In the end, Li Feng paid 300 million US dollars to get a total of 50% of Huamei's equity, 10% of Chinese capital, Lin Dexiang and about 15%, the management of about 10% of the shares, and the remaining 15% or so in the hands of several small shareholders.
Now that an agreement has been reached, it will naturally be officially signed and effective soon, and at the same time, Li Feng, Lin Dexiang and the Chinese-funded consortium have also signed a private agreement to allow the Chinese-funded consortium to take shares in the future.
……
In the next three days, Li Feng went to work at Huamei headquarters, and naturally he was surrounded by a few Wall Street-born financial professionals sent by Bill Willibe, so that Li Feng could quickly understand the operation of the bank.
At the same time, I had a detailed discussion with the management of the company, unified the basic development ideas, and suddenly Huamei was full of vitality, after all, the prospects promised by Li Feng were much more powerful than the slow development of Huamei before.
Especially after Wu Jianmin received Li Feng's $200 million capital injection three days later, he directly found Li Feng with a thick document, saying that these were two American banks and the company wanted to buy them directly.
It turned out that this was the target that Wu Jianmin and the management had wanted to acquire for a long time, but because they had no money before, they could only make some preparations, so that they could acquire it when they had funds in the future.
In addition, M&A is Wu Jianmin's old business, and before becoming the president of East West Bank, he was in charge of Deloitte Touche Tohmatsu Consulting Firm, which was responsible for Asian client investment and corporate mergers and acquisitions.
Li Feng took the documents and read them for a while, and agreed to Wu Jianmin's arrangement, and found Wu Jianmin very interesting, the main business of these banks is near the Chinese community.
……
It's a pity that because these banks were all established by Lao Mei himself, they are not very trusted by many Chinese Americans, resulting in the dismal operation of these banks.
The total assets of such a community bank are in the hundreds of millions of dollars, and the real valuation is estimated to be 1 or 20 million US dollars before it can be acquired.
The acquisition of these banks can quickly expand Huamei itself and establish Huamei's further position in the Chinatown area, and Huamei itself is a bank founded by Chinese Americans, which is very advantageous, and many Chinese Americans are willing to pay an inch to Huamei.
If you want to grow Huamei quickly, the fastest shortcut is bank mergers and acquisitions, so Li Feng was able to quickly agree to Wu Jianmin's proposal.
One is called First Central Bank, and the other is called American International Bank, which sounds very high, but they are actually two small banks.
What Li Feng didn't know was that these two banks were the first step on the road of expansion after Huamei was listed on the NASDAQ in 99, and Huamei, which had sufficient funds on hand, embarked on the road of expansion.
Unfortunately, at that time, it was limited to Huamei's own strength, so I had to wait, and I waited for three years, until I completed the NASDAQ listing in 99 and raised enough funds to start the road of expansion.
In the following 10 years, it acquired 16 large and small banks in a row, and even staged several times the drama of swallowing elephants with small and large, making Huamei a bright spring in the entire US imperialist banking industry, and finally became one of the top 30 banks in the United States, which also proved the ability of Wu Jianmin and the management.
……
At the same time, Li Feng also sent someone to contact Chen Heyuan of Dahua Supermarket, but he did not expect that East West Bank is still the majority shareholder of Dahua, owning 30% of Dahua's shares.
This also understands why almost every UOB supermarket has East West Bank, and the two companies have such a close relationship.
However, Li Feng calculates that he still has too few shares in Dahua, if Dahua can really develop in the mainland of China, Li Feng is very clear about the market potential of the mainland of China, and large supermarkets are definitely cash cows.
In the end, an agreement was finally reached, and Dahua borrowed US$100 million from Huamei for development, and at the same time, Li Feng injected another US$100 million into Dahua in the name of the investment company, and the investment company held 30% of the shares, Huamei Bank held 30% of the shares, and Chen Heyuan himself held 40% of the shares.
Yes, Dahua was founded by Chen Heyuan himself before, and the shareholders are gone except for Huamei.
At the same time, leaving 50 million US dollars to develop in addition to the Chinese community supermarkets in the United States, 200 million US dollars will be raised to start entering the Asian market, focusing on the mainland market in China, and at the same time, both Huamei and Dahua will set up an international affairs department and Asian headquarters.
Naturally, there is the Asian headquarters of Li Feng's previous investment company, and it is easy for two shell companies to be established, waiting for someone to be sent here to start operating.
……
At this time, the investment of 200 million US dollars is definitely a big number in the mainland of China, or in the mid-90s, the Chinese government is still hoarding foreign exchange reserves, and Dahua is directly using US dollars to invest, for the mainland government, this is the best time to accumulate foreign exchange reserves.
Therefore, when UOB's decision was reported to the mainland government of Huaxia through representatives of the Chinese consortium on the side of East West Bank, there was a quick response, saying that it was welcome to invest in Yunyun in the mainland.
Similarly, Li Feng, who came from his previous life, was well versed in three of them, and after a detailed discussion with Chen Heyuan, he decided to use the $200 million to leverage at least $1 billion in funds for development, which is the way to rapid development.
In the end, Chen Heyuan decided to go to Huaxia to investigate, and Dahua's decision was Li Feng's idea, first developing in those big cities and first-tier cities in China, and then waiting for a few years later, Dahua began to develop towards second- and third-tier cities.
Finally, taking into account the domestic enterprise system, Dahua (Huaxia) Company will be established, headquartered in Pearl City, the economic center of China.
In this way, Chen Heyuan, who had already been said by Li Feng, hurriedly led people directly to Hong Kong, yes, go to Hong Kong first, after all, it is where the Asian headquarters is located, and Hong Kong is not dark under the lights, with Li Shanquan sitting in Hong Kong, you can settle down well. After that, I will go directly to Huaxia to investigate, and the itinerary has been arranged.
……
Naturally, in addition to Chen Heyuan's Dahua, Wu Jianmin of Huamei also set off with a group of bank executives and negotiators to work hard for the expansion of Huamei Bank.
After the traditional Chinese New Year, he completed the plan to continuously invest in East West Bank and Dahua Supermarket, which made Li Feng feel very good.
For Li Feng, a person with Chinese tradition in his bones, the Lunar New Year is the real New Year.
Looking at my own development over the past year, standing in the Beverly Hilltop Manor, looking at the wonderful night view of Los Angeles, I can't help but feel that it was really a perfect 1995.