Chapter 520: Acquisition of Detroit
The Second Republic Investment Fund is a venture capital fund that invests in high-tech enterprises and infrastructure construction of basic industries, and its investment direction is diversified, involving a wide range of industries, and the rate of return is stable but low. At the same time, the Second Republic Investment Fund also invests a certain proportion of securities to maintain the liquidity of the fund's assets.
The second republic investment fund is mainly funded by individuals, and fund companies raise funds through the issuance of fund beneficiary coupons to manage their assets for fund holders who have no investment channels and financial management experience.
The Second Republic Fund was established in 2000, and now it has only been more than ten years, and its customers are the wealthy class of the United States, with millions of dollars as the minimum investment standard, and now it has more than 1,000 high-end customers, and the total amount of funds has reached more than 2 billion US dollars.
Mr. Hawkins, the manager of the Second Republic Investment Fund, the chairman of the Second Republic Investment Fund Management Company, and several directors of the company received the six uninvited guests in the conference room on the twelfth floor.
"Mr. Hawkins, ladies and gentlemen, we informed you of our presence yesterday, and the fact that you are here today shows that you are also very interested, and we are very grateful.
To get back to the point, this is our letter of intent for the full acquisition of Second Republic Investment Fund, so please read it carefully and study it carefully, and I would like to hear your opinions on this proposal. These three barristers from DLA Piper, our firm, will discuss and sign the relevant legal documents with you. ”
It was the head of the six uninvited guests who spoke, named Jordan King. One of them, a young man, took out five beautifully bound texts from his purse and handed them out to the five people opposite. Three other middle-aged men stood up from their seats and greeted the five directors opposite.
"Mr. Jordan,......"
"Mr. Hawkins, I think you will be interested in the plan in your hand, or please read the article first. It will be in your best interest to put forward your opinions and insights again, and you will not miss this rare opportunity. Ladies and gentlemen, please. ”
Hawkins was deeply dissatisfied with Jordan's domineering manner, and he organized these directors to receive these people today out of responsibility to the company. It does not mean that he has agreed to the acquisition intention. Therefore, he did not rush to read the plan in his hand, but asked Jordan to explain their acquisition intentions first, but as soon as he spoke, he was rudely interrupted by Jordan.
This group is very strong. Hawkins was under a lot of pressure, and he organized the directors to receive them with another secret about his personal privacy, and these people threatened him, and he had to do it. Moreover, Mr. Hawkins understands that business is not about being angry, and that only by being kind can he make money, and if the conditions are good, he might as well leave the opportunity to others and himself, so as not to regret it in the future.
Hawkins reluctantly opened the proposal. When he saw the name of the acquirer's company on the first page, he was shocked, and he couldn't say that this was really an opportunity. A chance to make a fortune. And then he read it, he was deeply attracted by this plan, and he read the nearly 10,000-word plan carefully.
Half an hour later. The five directors of the Second Republic Investment Fund, raising their heads at the same time, looked at each other. From each other's faces, they saw an expression of excitement that could not be concealed, this plan was like a colorful dream, so beautiful that they could not refuse.
The only woman among the five directors, Ms. Jones, 50, said to Jordan:
"Mr. Jordan, this proposal is so good that I can't help but want to sign all the papers at once. But I wonder how you can convince us of the authenticity of this plan, and what can you do to ensure that it will be carried out smoothly, and not that a beautiful firework will disappear in a moment. ”
Jordan smiled slightly, signaling a few people who were traveling with him to dispel the doubts of the five directors present, and an entourage put a two-foot square, half-foot-thick metal box on the conference table, opened the lid of the box, and inside was a beautifully made instrument, he raised the display screen of the instrument, and then turned it on, and touched it a few times on the display, like Jordan nodded.
Jordan said to Hawkins and others:
"Ladies and gentlemen, look. ”
For a moment, Hawkins and the other five directors of the Second Republic Investment Fund were stunned, only to see the image of a middle-aged Asian man suddenly appear in the chairman's position at the long conference table. The images are lifelike, and there is not a trace of virtuality.
And this person is very familiar to them, in the past year, they can see the image of this person on the TV screen almost every day, and the number of times this person appears on the TV screen in the United States is even far more than their President O'Dark Horse.
"Mr. Jordan, this is ....... ”
Ms. Jones couldn't help but exclaim.
"This is the virtual image generator that the Group has recently put into trial production, which can re-simulate images in the real world with a fidelity of more than 90%.
Before we set off from the group headquarters, the chairman specially recorded this video and welcomed you to join our group. I think that in the world now, there is no guarantee that can be stronger than the personal commitment of our chairman. ”
Jordan said to the young man who was manipulating the virtual instrument:
"Let's get started. ”
The young man tapped on the monitor, and the middle-aged Asian man sitting in the chairman's seat moved like a real person, his eyes swept to the left and right, and he had a kind smile on his face.
"Ladies and gentlemen, my friends, I sincerely invite you to join our big family, on behalf of all the staff of the Group, I would like to extend my warmest welcome to you, I hope to meet you in China as much as possible, and welcome you again. Thank you for your cooperation. ”
The sound stopped abruptly, and the image disappeared in an instant. The middle-aged man spoke English, which the five directors could hear clearly. Hawkins was no longer depressed, and he took the lead in applauding, as did the other four directors.
On the afternoon of 3 February, at the same time as the news that the missile cruiser "Anzio" had been sunk by the submarine of the Arrow Wolf mercenary, another news came out.
The city government of Detroit, the famous "Motor City" of the United States, revoked the bankruptcy filing of Detroit City to the federal court, and announced to the media that ECT High Energy Battery Co., Ltd. and XKKJ Manufacturing Company have signed investment intentions with the City of Detroit, and the two companies will invest in the construction of an all-electric vehicle manufacturing company and an all-electric helicopter manufacturing company in Detroit respectively.
The City of Detroit sold 5,000 acres of municipal land, as well as the buildings and installations above the land, to the two companies at market prices, in a transaction worth more than $1 billion.
The first phase of the two companies will total $20 billion and will be completed and put into operation within one year. The two companies each purchased $5 billion in Detroit City debt over five years, and the City of Detroit received a ten-year tax return for the two companies.
After 10 years, the two companies can also apply for investment tax incentives, which are calculated based on the total investment of 10 years, and the preferential ratio is 5% of the investment amount, which is used to offset the corporate income tax payable in the 11th year.
The other two companies will receive a US$5,000 corporate income tax credit for each additional job for the current year, and the preferential period is five years, starting from the eleventh year. The 50% retraining expenses used by the company for the employees hired can be used as a credit for the company's corporate income tax for the current year.
In layman's terms, two new automobile- and helicopter-making companies will replace the city of Detroit in repaying their long-term and short-term debts as they fall due within five years, and provide $10 billion in partial management and construction funds for the city, while the city of Detroit will return the full amount of taxes to the two companies over a period of 10 years to offset the $10 billion upfront loan they have made to the city of Detroit. Even if the tax refund is more than $10 billion, it must be refunded in full.
The full refund of taxes for this decade was calculated as tax payments for both companies as determined by the courts of Michigan and the city of Detroit.
Thomas negotiated with the city of Detroit so successfully that the two companies he was going to set up in the city of Detroit would be taxed well over $10 billion in 10 years. And the preferential policies are also very powerful in all continents.
The news from the city of Detroit caused a strong shock in the country, and the news media likened the two companies to the saviors of the city of Detroit, who saved the crumbling city of Detroit from the abyss of hell.
Detroit was once the fourth largest city in the United States, with a population of more than 1.8 million in the fifties, and by 2010 the population had plummeted by more than half, and now it has less than 700,000 residents, and the city government's debt is as high as $18.5 billion.
At the same time, the city has entered a vicious cycle of deterioration of public services, soaring crime rates, and the deterioration of the economy and the drastic reduction of employment opportunities due to the lack of budgets. The former automobile city was on the verge of bankruptcy and bankruptcy, which is embarrassing.
When speculators heard the news and prepared to buy real estate and real estate in the city of Detroit, they were surprised to find that most of the vacant real estate in Detroit had fallen into the hands of ETC and XKKJ, and most of the real estate in the city center had also gone into Thomas's hands.
Real estate and real estate prices in Detroit began to soar overnight, one price at a time, but this did not stop the influx of speculators. A month later, real estate prices in Detroit have recovered to more than half of their peak and are still rising. This is all for later, so I won't mention it. (To be continued......)