Chapter 702: The Champion Building Meeting (Part II)
Chapter 702 Champion Building Meeting (II)
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Seeing that there was less and less 'meat' on the plate, Ma Huateng, Li Yanhong, Wang Qiong and others, who were unwilling to give the benefits to others, all took action. The remaining shares of 'Taoyuan Ji International' were quickly divided up by everyone. With the exception of Warren Buffett and his son, Temasek Investments and the Huang family, everyone has gained more or less.
However, compared with Warren Buffett's father and son, who are not here, and Wang Zheng's hidden son 'Temasek Holdings', Huang Zihui and Huang Hongwei's aunts and nephews, who are behind everyone and have not shared the benefits, are not only depressed, but also a little confused. Obviously, the appraisal of the assets of 'Taoyuan Ji' is inflated, and even if everyone wants to invest in the future, they should first work together to suppress the price? As a result, how can they directly invest without even talking about it? Moreover, they are not investing in millions, tens of millions, but hundreds of millions, or even billions of dollars!
In fact, what she didn't know, and even most of the people present didn't know, was that before today's negotiations, Wang Zheng had already reached a cooperation agreement with Morgan and his son, Buffett and his son, the heads of the royal family of the three sovereign funds in the Middle East, the Widmore brothers, and the Long family. Today's PE investment is just a formality.
Sumitomo Mitsui Banking Corporation and Temasek Holdings are the 'supports' he uses to liven up the atmosphere.
As for Ma Yun, Ma Huateng, Li Yanhong and others, as well as the Wang family and the Huang family, it was Wang Zheng's previous friendship, plus he was unwilling to be too isolated in domestic politics and business, so he took the opportunity to share profits and give them some benefits.
"Okay, now that the equity of 'Taoyuan Ji' has been distributed, let's take a look at 'Maxim's Food Group'!"
Wang Zheng didn't look at the expressions of the Huang family's aunts and nephews. With his current status and influence, he already has the strength to sit on an equal footing with this huge red family. For the sake of old friendships, I will give you the opportunity, but if you can't grasp it, it's not my problem.
"Today, Maxim's Gourmet Group has two major branches, 'Asian' and 'International', 'Taoyuan Western Food' engaged in high-end Western food, 'Baiweiju' and 'Fat Cow Western Food' in the middle and low-end catering brands, Yulong Cafe, Grandma's Bridge Noodle Restaurant, Hanba Taste Buffet, Black Pearl Seafood Shop, Little Sheep Hot Pot, Shangshi Teppanyaki, as well as the Japanese food chain brand 'Matsuya', the Thai food chain 'Thai Shan Ge', the Indian food brand 'Impressionism', and the halal food brand Halal Pavilion', a total of 13 catering brands, involving 37 countries around the world, 14,600 self-operated stores!"
"In addition, we have a completely in-house supply system. Taoyuan Farm, which is still expanding, can guarantee the safety and taste of food ingredients. In addition, in the past three years, we have accumulated enough experience to standardize the operation of each catering brand, and achieve the possibility of rapid expansion. As long as funding is in place, each of our brands will expand globally with more than 300 stores per year. In three years, we will have nearly 35,000 self-operated stores. ”
“… In terms of revenue, as of May 31, 2017, 'Maxim's Gourmet Group (Asia)' had a total revenue of US$5.532 billion and a net profit of US$1.589 billion. 'Maxim's Gourmet Group (International)', with a total revenue of US$2.512 billion and a net profit of US$747 million. At the current growth rate, by the end of 2017, Maxim's Gourmet Group (Asia) will achieve total revenue of US$12.5 billion and net profit of US$3.5 billion. 'Maxim's Gourmet Group International' will achieve total revenue of US$7 billion and net profit of US$1.5 billion!"
Unlike when he talked to Warren Buffett about the financial situation of 'Maxim's Gourmet Group' before, this time he was no longer talking about gross profit, but the most exciting net profit.
This is directly related to the issue of 'investment clawback rate', and it is also the data that investors are most concerned about.
“… In addition, unlike 'Taoyuan Ji', Maxim's Gourmet Group now has about $5.7 billion in debt. However, this is not a big problem for the group's finances. Therefore, after conducting a professional evaluation, we have given a total valuation of US$150 billion to 'Maxim's Gourmet Group (Asia) and US$80 billion to 'Maxim's Gourmet Group (International) based on the current financial situation, market share, customer praise rate, future development prospects and other factors. We are willing to take out 20% of the preferred shares of 'Maxim's Gourmet Group (Asia) and 30% of the ordinary shares of 'Maxim's Gourmet Group (International)' to be invested by everyone present. ”
"Berkshire Hathaway invests US$7.5 billion to acquire a 5% preferred stake in Maxim's Gourmet Group (Asia) and US$6.4 billion to acquire an 8% stake in Maxim's Gourmet Group (International)!"
As soon as Wang Zheng's words fell, Howard Buffett took the lead.
This has been discussed before, so Wang Zheng is not much surprised by Howard Buffett's words. After a slight nod, he turned his gaze to the others.
Soon, Morgan and his son, as capital giants, and the sovereign wealth funds of the three royal families in the Middle East were not far behind, and according to the previous agreement with Wang Zheng, the two shared 5% and 6.5% of the shares of 'Maxim's Gourmet Group (Asia)', and 5% and 7.5% of the shares of 'Maxim's Gourmet Group (International)' respectively.
Compared with them, although Ma Yun and Li Yanhong are also super rich with a net worth of more than 10 billion US dollars, their assets are more reflected in the stocks of Alibaba, Tencent and Baidu. Cash assets are nowhere near as generous as those of Warren Buffett, Morgan and sons, and sovereign funds in Abu Dhabi, Kuwait and Dubai.
As for the three major political families of Wang, Huang, and Long, they are even farther behind in terms of financial wealth.
However, although they alone are not as good as Morgan and Buffett, the combined funds are also considerable. The remaining 3.5% of 'Maxim's Gourmet Group (Asia' and the remaining 9.5% of 'Maxim's Gourmet Group (International') also fell into their pockets.
This time, in addition to Yasuo Mitsui and Temasek Holdings, the Huang family also invested 400 million US dollars to obtain 0.5% of the shares of 'Maxim's Gourmet Group (International)'!
"This concludes today's investment meeting. After the contract is signed, you can send executive officers to 'Tao Yuen Kee' and 'Maxim's Gourmet Group'. However, with the exception of 'Tao Yuen Kee (International) Company and Maxim's Gourmet Group (International) Company, the personnel you have sent only supervise the finances and do not have the right to vote on the board of directors. ”
After the distribution of shares, Wang Zheng stood up and said.
"Mr. Wang, forgive me for taking the liberty of asking. Why are 'Tao Yuan Kee' and 'Maxim's Gourmet Group' divided into 'Asian' and 'International' companies? If they were a whole, I believe it would be more attractive to us as investors. And you'll be able to invest more!"
Huang Hongwei's words made everyone's attention focus on Wang Zheng. Except for those who already know the reason, the rest are a little curious. Of course, everyone is smart and can guess why. But guess it all, they still prefer to listen to Wang Zheng's personal confirmation.
"The main reason for the split of the two companies is that 'Tao Yuen Kee (Asia)' and 'Maxim's Gourmet Group (Asia)' will not be listed. The latter two will seek to go public at the right time. It's that simple!"
"Mr. Wang, going public will not diminish your leadership and management of the two companies. And you can get more money to make the cake bigger. John Morgan began.
Wang Zheng glanced at him and said indifferently: "Thank you Mr. Morgan for your advice, I will consider it in the future." ”
Of course, this is just a prevarication, if it weren't for his too big appetite and caused a shortage of funds, let alone listing, he would not have taken out 20% of the preferred shares of 'Taoyuan Kee (Asia)' and 'Maxim's Gourmet Group (Asia)'.
"Send the contract to everyone!"
Following Wang Zheng's instructions, Wang Gan and Dian Wei took action again and distributed the prepared contract text. Of course, the specific investment amount and the shares held are all handwritten later.
After getting the contract, each family called their lawyers and secretaries from the second floor, strictly reviewed the terms and conditions, and signed their names.
It wasn't until 4 p.m. that everything was done.
Wang Zheng, as the host, looked at the neat stacks of documents on the table after sending everyone away, and breathed a sigh of relief.
"It's been planning for months, and now it's finally done!"
"Boss, are we losing too much to give away 20% of the shares of 'Taoyuan Ji (Asia)' and 'Maxim's Gourmet Group (Asia)'?" Wang Gan said.
"In the long run, it's a bit of a loss. But who makes our appetite too big and the money too tight!"
"I always felt like I didn't need to work with these people at all. Even if you lack funds, a mortgage is a good idea!" Dian Wei said, rubbing his head.
Wang Zheng glanced at him and shook his head in his heart.
With such a dazzling revenue of Taoyuan Kee and Maxim's Food Group, you don't share some benefits, win over more allies, and deal with those pretenders who are getting bigger and bigger over time, and don't even want to make money safely.
Of course, the Shennong system is incredibly powerful. However, there is an old saying in China that 'success is also Xiao He', and defeat is also Xiao He'. For the 'Shennong system', which came inexplicably and doesn't know when it will disappear, Wang Zheng has always adhered to the idea that 'it can be used as a foundation', but it can't be relied on too much.
If one day, everything that the Shennong system has given is gone. He can also use these connections to ensure that he will be rich and prosperous throughout his life.
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