Chapter 10 Citi wants to take a stake
Phoenix Investment Group's frequent moves in the capital market and the rapid development momentum is staggering, and Wall Street peers are gradually taking notice of this nascent company. Tang Bao, the mysterious Chinese boss, is also gradually exposed to the public eye. A lot of people are interested in him...... Among them, Citigroup's executive Miller is one of them, and the capital account of Phoenix Investment Group is set up in Citigroup, and it is natural to see the changes in its funds, and it is because he understands it, so he is surprised.
……
Time flies, and in the blink of an eye, it's December. Founded only half a year ago, Phoenix Investment Group has grown rapidly, the company is divided into finance department, personnel department, stock investment department, bond investment department, futures trading department and venture capital department, with more than 150 employees, assets under management of nearly 500 million US dollars, can be described as fruitful.
ROI up to 700%!
Phoenix Investment Group is a private company, and its financial statements do not need to be released to the public, and the outside world does not know how much money Tang Bao has made, but it does not prevent everyone from guessing.
"The company has just started, and there are still many places to use money, and this year's year-end bonus will not be too much. You'd better go and get vaccinated with the people below first, so as not to cause trouble. Tang Bao smiled and said to Horst, "Just give out 10 million US dollars, and if you have outstanding performance next year, you will double the bonus." "It's not that Tang Bao is stingy, next year is a rare opportunity to make a fortune, the more funds he has, the more he earns, and the bonus will naturally not be so calculating when the time comes.
Hear the words.
"Boss, although there are more than 150 people in our company, nearly seventy percent of the people have joined the company for less than two months, most of them are still in the internship stage, and they have not created profits for the company. This 10 million year-end bonus is really generous. Horst said with a smile that as an executive of Phoenix Investment Group, when he distributed the year-end bonus, he naturally distributed it a lot, so he was in a very good mood.
"Okay, you can do it." Tang Bao said.
Suddenly.
There was a knock on the door.
Tang Bao's brows furrowed slightly, who was so blind, knowing that he was talking to Horst about things, and still came to disturb them.
"Come in."
A young and tall woman rushed in, and found that Tang Bao's face was slightly cold, and her heart tightened slightly, as if she understood that it was not a good time for her to knock on the door at the moment, but she quickly forced herself to calm down and said slowly. "I'm sorry, boss, there is a very important guest outside, saying that it is someone from Citibank, who wants to see you, but there is no appointment~"
"Got it."
Tang Bao replied lightly.
Forehead.
Is that the end of it? In an instant, the woman fell into a dilemma, she didn't expect to hear this answer, scolded secretly, and could only stand silently, not leaving, not staying, she herself felt that the stupidest thing to do today was to volunteer to come to Tang Bao's office.
For a moment, the office fell into a strange and embarrassing atmosphere.
Horst seemed to realize something, and hurriedly said, "Kate, you go out first." ”
Call.
The woman hurriedly turned around, intending to leave this place of right and wrong.
"Wait."
Tang Bao's slightly indifferent voice came.
"Boss, Kate is new here, she has only been in the company for a few days, and she doesn't know the rules." Horst said hurriedly.
Hear the words.
Tang Bao's face softened slightly, all along, his president's office was a forbidden area for the company, and no one was allowed to enter, except for Horst because of the need to report work occasionally. Therefore, Kate knocked on the door without permission and interrupted his conversation with Horst, which was the reason why he was displeased. After he moved out of Xu Qing's house, he just found a hotel to live in, and important things could not be put in the hotel, so they could only be left in the office, including some of the draft action plans for next year that he had drawn up, and leaking any point might cause annoyance, so he forbade employees from entering his office.
Even if Horst came in, he didn't squint, didn't dare to look at the papers on his desk casually, and left as soon as the matter was over.
"You know her well?"
Tang Bao turned his head and looked at Horst suspiciously, as if he cared about the woman in front of him, and looked at the woman in front of him, with long golden red shawl hair, red lips and white teeth, a white short sleeve on the upper body, and a pair of light blue denim trousers with a black floral belt underneath, and a pair of high heels about ten centimeters. She is tall, with two jade peaks on her chest, and skinny jeans wrap her plump buttocks, perfectly showing off her devilish figure.
Tang Bao looked at it a few more times, and he actually felt a little dry mouth. I have to admit that Kate is a beautiful and sexy stunner, and he can't help but have a trace of evil in his heart.
"No, boss, you're mistaken. It's not ...... you think."
"In your Huaxia words, Kate and I are brothers and sisters, she and I are both Yale University alumni, and they are the most proud students of my mentor, who knew that Kate was working here, and specially called me to take care of it. So......" Horst said.
Well.
Tang Bao nodded knowingly. He admires Horst's approach very much, as a professor at Yale University, his actions are tantamount to constantly expanding his network through the teacher-student relationship, which may not be seen in ordinary times, but the influence that erupts at a critical moment is absolutely terrifying.
"Go and get somebody."
Tang Bao said lightly, relieving the awkward atmosphere, and also suppressing the restless blood in his body. At the same time, I was secretly wondering how the people from Citibank had found him here. Just when Tang Bao was in a daze, Citi's people came to Tang Bao's office under the guidance of Kate.
Yo.
As soon as he saw the person coming, Tang Bao immediately stood up with a smile, "Mr. Miller, welcome." ”
"Haha, Mr. Tang, we meet again. I hope you don't mind. Miller laughed.
The two sides exchanged simple greetings and sat down one after another. Horst was accompanied by the side and did not speak.
"Thank you."
Miller took the coffee and thanked him very politely.
Seeing this, Tang Bao also secretly admired, this Kate was very clever, and she didn't need to tell her, and took the initiative to pour Miller a cup of coffee.
"Well, it's a secretary." Tang Bao said secretly in his heart. But no one knows what he really thinks in his heart......
……
"Don, I'll make a long story short. Although Phoenix Investment Group has just been established, the return on investment is definitely second to none, of course, this is inseparable from Mr. Tang's unique vision, we are very optimistic about Phoenix Investment, and hope to cooperate more closely. Miller explained.
"Oh? Don't know how to work together closer? "Tang Bao is interested. He was very surprised that Citi came to seek to deepen cooperation, but he did not refuse. Phoenix Investment Group is an investment company after all, to develop and grow, only internal funds must not be enough, financing is a matter of time, and large-scale financing, whether it is bank loans, bond sales or short-term loans, are inseparable from Citigroup, a banking giant. Deepening cooperation is a win-win for both parties.
"Flower period plans to invest in Phoenix Investment Group ......"
"No way!" Tang Bao immediately shook his head and refused, as if he realized that his attitude was too tough, softened his tone a little, and said, "Phoenix Investment Group is not something I said alone, and it is necessary to seek the consent of other shareholders when it comes to major matters involving equity changes." What's more, the company is now well funded, and there is no urgent need to seek financing. "Financing is inevitable, but not now.
"Don, aren't you going to hear Citi's offer, and Citi doesn't seek a majority." Miller said anxiously.
"Nope."
Tang Bao waved his hand and replied, although the current Citi is not as strong as in later generations, it is also strong, since Zhang Kou has taken the initiative to seek shares, the price given will definitely not be too low. But for Tang Bao, no matter what price Citi offers at this moment, it will not waver in its determination.
As the old saying goes, Phoenix Investment Group will definitely embark on the road of financing and expanding shares and pursuing IPO listing, but definitely not now!
Alas.
Miller was secretly helpless, Tang Bao didn't even want to listen to the offer, and he couldn't. He is the general manager of Citibank, but he is about to move Citigroup (Citibank's parent company) to vice president, and he originally planned to take this investment to Citigroup, but unfortunately. Fortunately, when he came, he was ready to fail in his investment, and as Tang Bao himself said, he was not short of money at the moment.
Investing in a company that is not short of money can be imagined, and even if it succeeds in the end, the price paid is extremely heavy.
This is something that neither Citigroup nor he wants to see.
So when Tang Bao clearly refused Citigroup's shareholding, Miller did not force it again. "In this case, I look forward to cooperation in the future, I am very optimistic about the prospects of Phoenix Investment, and I hope that when Tang needs financing to expand shares, the first thing that comes to mind is to come to us Citigroup."
"Definitely."
"Don, let's talk about another matter. We have a $50 million fund that we want to entrust to Phoenix Investment Group to manage. Miller said bluntly, and after speaking, he looked at Tang Bao expectantly, waiting for a response, in fact, this was the main purpose of his coming.
Ay.
Tang Bao understood what was going on as soon as he heard it, it was worthy of Citigroup, and it was to invest in shares, and it was entrusted to invest, with an attitude that I am very optimistic about you and believe in you, this must have discovered the terrifying yield of Phoenix Investment Group, and I want to get a piece of the pie. Phoenix Investment Group's funds are all Citibank's accounts, combined with their actions in the stock market, and they are detected by the other party, which is also normal.
"Yes. I can set up a separate investment fund for this money, but I have a few requirements that I should explain in advance. Tang Bao did not refuse Miller's commission, but he also had his own considerations, and he couldn't help Citi make money in vain, so he made a few requests.
"You say."
"First of all, investment is risky, and I can't guarantee that I can continue to make profits; Second, the fund management fee is charged according to the normal 1%, when the annual investment income is less than 30%, 15% of the profit is charged as a commission, and when the annual income exceeds 30%, the commission ratio is increased to 30%; Third, the investment period is 10 years, if Citigroup redeems the fund early, it will pay a 5% fee, and the redemption rate will increase by 1% for each year of early redemption of the investment, and conversely, the redemption rate will be reduced by 1% for each year of extension, until it falls to zero. Tang Bao put forward his own request, and then did not give Miller a chance to bargain, and said: "If Mr. Miller agrees with these three points, I will be very happy to accept Citigroup's investment entrustment." ”
The underlying meaning is that if it makes sense, I won't take it.
Think for a moment.
Miller agreed.