Chapter 541 Equity Structure
The inauguration and signing ceremony of the Balance Fund in Shangri-La ended quickly.
There are Tianjiao full of targeted comparisons downstairs, especially after Tianjiao announced the establishment of a new industry alliance, the news spread upstairs, and the atmosphere was a little embarrassing at the establishment of the industry alliance jointly organized by Liu Yuesheng and Heishui.
Liu Yuesheng was also approached by several media who were invited to the scene and asked him what he thought of Tianjiao's newly established industry alliance and the inclusion of peer companies from other countries to join.
What can Liu Yuesheng think?
No matter how he responds to this kind of question, he has no choice but to use the excuse that the two are in competition and it is inconvenient to respond, and Hu Feipeng and others, who had just returned from downstairs, avoided the media's questioning, and entered a small hall on the side of the banquet venue to discuss how to deal with Tianjiao's newly established industry alliance.
The inauguration ceremony on their side ended early.
Tianjiao also ended a series of arrangements for the establishment of the fund near noon, but there was still a celebratory dinner to be held in the evening.
The dinner was presided over by Li Jibu, vice president of Tianjiao.
Li Jibu has been employed to join Tianjiao for several months, initially with Li Wanhua, the current CEO of 1234, and was attracted by the high salary offered by the headhunter to work in Wang Luo's company, becoming the vice president in charge of Tianjiao's commercial affairs.
When Li Jibu first joined, several companies under Wang Luo's command, whether they were Tianjiao or Xinghui, were far from the atmosphere at this moment. He naturally didn't have any sense of belonging to Tianjiao at that time, and he was playing the mind of a professional manager who did his best during the term of the labor contract, and if the cooperation was unpleasant, he would leave as soon as possible after the contract expired.
However, during the period of joining Tianjiao, he witnessed the rapid growth of Tianjiao, until he learned that Wang Luo held a large number of Daimler shares in his hands, and merged Tianjiao and this part of the equity into the name of the balance fund to operate, so that the balance fund held huge assets as soon as it was established, showing strong development potential.
Li Jibu's mentality has also changed, and he already has the intention of putting his mind down, working in Tianjiao for a long time, and developing it as a lifelong career.
In fact, it's not just him, from the initial Liu Yue, Jia Zhenying, to Li Wanhua and others who joined Wang Luo in the middle and Li Jibu's front and back feet, most of them have a similar mentality. I have worked in the company under Wang Luo's name, and seeing the rapid growth and vigorous development of the company, few people can not be affected, so as to give birth to a strong sense of belonging and identity.
This can also be understood as the centripetal force of a business.
With this kind of centripetal force, people can make the best use of their talents and give full play to everyone's strength.
At seven o'clock in the evening, the invitees to the dinner party entered one after another.
The venue of the dinner was still Shangri-La, and most of the people invited were figures from the political and business circles, as well as a small number of media that had cooperative relations with Tianjiao, 1234 and Xinghui.
All those who received the invitation came in full costume and the atmosphere was grand.
The purpose of the dinner was mainly to entertain some partners who came from afar to participate in the establishment of the fund, including the Capet family headed by the life master, the vice president of Daimler Group, the famous Chinese beauties Mao Jingbo and Feng Kaide, as well as the vice president of the New York Stock Exchange, Jack Be, and the descendants of the Maybach family, Warren Maybach, and so on.
The last time they went to New York, Wang Luo and Jack Bi expressed their intention to continue to acquire Daimler's shares.
At the time, Jackby promised to act as an intermediary and be responsible for contacting those who held Daimler's shares.
After a period of time, Jack Bi sent news to Wang Luo that Warren Maybach, a descendant of the Maybach family, who had co-founded the Mercedes-Benz Group with the Daimler family in the early years, was willing to sell part of the original equity of Daimler held by him, with a quota of 0.8%.
This time, Jack Bi and Warren Maybach came over, and the main purpose was to sign the equity transfer contract.
On the other hand, Su Jingzhong had mentioned to Wang Luo before that CIC (Huaxia Investment Company), which intends to join the balanced fund and jointly hold the equity of Daimler, also replied a few days ago.
They previously expected to take out part of the equity of CIC and exchange it with the equity of Daimler in Wang Luo's hand to form a cross-shareholding relationship between the two parties.
Wang Luo did not object to this, but CIC asked to hold at least 4% of Daimler's equity, but Wang Luo refused, frankly admitting that it could move about 1.5% at most.
At the right time, the two sides disagreed, and through Su Jingzhong's mediation, they temporarily stopped contacting each other.
Since then, CIC has tried its best to acquire Daimler's equity from various channels, but the time has been very short, and the lack of effective channels has made little gain.
This time, before the establishment of the balanced fund, CIC changed its original intention and decided to join in, which was a surprise.
CIC used 4% of the company's equity in exchange for 1.5% of Daimler's shares in Wang Luo's hands, forming a cross-shareholding between the two parties as previously agreed, for which CIC will make up the difference of an additional US$190 million to Wang Luo, thus becoming one of the partners of the Balanced Fund.
This is also the reason why the Balanced Fund was established this time, which holds more than 7% of Daimler's shares.
Cumulatively, Wang Luo's stake in Daimler was once as high as 7.1%, including 3.6% of the life master, plus 0.9% extorted from Blackwater, and after he cooperated with Ouhua, 1.8% was obtained from the stock market and long-term acquisitions from various channels with funds provided by DLA Piper, plus 0.8% from the acquisition of Warren Maybach, a total of 7.1%.
However, the 7.1% has been transferred to DLA Piper and CIC twice, and the Daimler shares that are still directly held by Wang Luo at the moment are actually 4.3%, for which he obtained 4% of the shares of CIC, but also because of this series of business operations, the balance fund once made the balance fund debt of more than $1 billion in financing funds.
After that, Wang Luo gave back Daimler's equity to Helvar, offsetting part of the difference, and obtained support from the hands of the life master and the funds made up by the CIF, thus basically erasing the debt to Helvar and holding the control of the balance fund in his hands.
The above is the behind-the-scenes details of Daimler's equity held by the Balanced Fund, which is established with a public equity holding rate of more than 7%, and in fact becomes the second largest single equity holding organization of the Daimler Group, in addition to the 9.1% stake held by the Abu Dhabi Sovereign Fund in the United Arab Emirates.
It is also for this reason that Daimler attaches great importance to the establishment of the Balanced Fund, and many heavyweights in the group have come to congratulate the establishment of the Balanced Fund.
The night is blurred, the autumn night sky is extraordinarily high, and the stars seem to have been washed by clear water.
It was close to 9 p.m., and the dinner to celebrate the establishment of the fund was still underway.
Wang Luo, as the founder of Tianjiao and the Balance Fund, is also the identity of the boss behind the scenes, although it has not been disclosed, and very few people know about it, but he can't hide it from some of the people present today.
On such occasions, it is impossible for him to hide and relax, and in order to show respect, some people must be entertained by Wang Luo in person.
This has formed a rather strange phenomenon, the core of the whole dinner is a small circle of middle-aged and elderly people, but there is more Wang Luo with such a young and excessively young face.
This strange phenomenon attracted the attention of several people in another corner of the banquet venue.
"How could he ...... here" There is a wide spread among the students of Dongdong University, and they are all speculating about Xu Hao, who has a strong background, and looked at Wang Luo's location in surprise.
"What's the matter, there are acquaintances over there?" asked Xu Hao's side, a fair-skinned and beautiful woman with pink lips.
PS: A little cold, just finished, uploaded late, sorry ~10