Chapter 381 Shareholding Structure
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Although it was defeated by the New Deal Alliance, it is the so-called "hundred-legged insect, dead but not stiff." In the late 1930s, the Morgan consortium remained fairly powerful and influential, though at many times it had to be whispered before the dominant New Deal coalition.
As the most authoritative president in the history of the United States other than Washington, Roosevelt Jr., although he attaches more importance to industrial capital that can create more jobs and real wealth, and is also more conducive to enhancing the national strength of the United States, for the sake of the stability and unity of the United States, he will not pursue the giant of the Morgan consortium. Moreover, in terms of foreign policy, Roosevelt Jr. was the closest to the pro-British and French Morgan consortium, and needed to use its liliang to suppress the big capitalists who held a pro-German or isolationist position, in order to complete his grand idea of using the Shijie War to weaken Eurasia and establish American Shijie hegemony
What is the most feared thing about financial capital in an economic crisis? If you have money but no profitable projects to invest in (including loans), the money in your hands becomes dead money, and the interest on your deposit cannot be left unpaid, and if you are not careful, you will bring down the bank. Zhongfu International has now become a "wealth myth" in the United States, and almost none of its investment projects do not bring huge profits, so unlike the Rockefeller consortium that only wants to buy shares in the Minas oil field, the Morgan consortium hopes to take this opportunity to carry out deeper cooperation with Zhongfu International, and to pave the way for the future opening of the Chinese market with unlimited potential, so the Morgan consortium is willing to offer a significantly higher price than the Rockefeller consortium.
In addition, after communicating with Li Siguang and other geological experts, Mao Zemin learned that although there are still a small amount of recoverable reserves in the Minas Oilfield that have not yet been proven, they are already quite limited, so he asked a subordinate whom he trusted very much to be deliberately "bought" by the Morgan consortium and told them that there are still a large reserves in the Minas Oilfield that have not been proven, and this is in line with the general law of oil exploration. Therefore, the Morgan consortium really took the bait and increased the purchase price to $1 billion, but they did not know that because of the direction named by Hu Weidong, Li Siguang and other Chinese geologists had already proved more than ninety percent of the reserves of the Minas oil field with exploitation value in just over a year. This is nothing short of a miracle in the history of oil exploration
However, although the Morgan consortium was deceived, some of their small actions made Mao Zemin quite troubled, and it turned out that the Morgan consortium was making an offer to Zhongfu International at the same time. The Morgan consortium also began to secretly acquire the shares held by the minority shareholders of Zhongfu Co., Ltd., and although Mao Zemin had already agreed with relatively large shareholders such as Tan Kah Kee, the Morgan consortium still bought almost all the scattered shares circulating in the market at a relatively low price (Note 1). It accounts for about 5% of the total share capital of Zhongfu shares, which is even more cost-effective than buying shares in the Minas oil field, because there are many other profiteering projects under the name of Zhongfu shares (excluding nylon and other products developed in the United States), fortunately, in this year or so, Zhongfu International and Chen Jiageng and other overseas Chinese who are pro-red party have repurchased a lot of shares, otherwise it would be a big loss. However, even so, Mao Zemin realized the shortcomings of the lack of clarity in the equity institutions of Zhongfu International's enterprises (Note 2), and decided to restructure its capital and equity.
Due to the fact that after the listing, those shareholders who are optimistic about the development prospects of Zhongfu shares frequently acquire scattered shares from the market. The share price of Zhongfu shares has not only skyrocketed more than ten times compared with the time of listing (before the Morgan consortium began to acquire), but the shareholding structure has also changed significantly compared with the beginning, and Ford currently holds 42% of the shares of "Sino-American Ford Co., Ltd.", which is still the largest shareholder of Zhongfu shares, and the shares held by the Ford family have increased more; The proportion of shares held by Zhongfu International has risen faster. It has increased from 30% at the time of listing to 36%; The shareholdings of the first and second shareholders have increased significantly, and the number of shares held by the majority of small and medium-sized shareholders may only decrease, but it is worth mentioning that the proportion of overseas Chinese held by these 22% shares has further increased, and the total number of shares held by overseas Chinese has exceeded 2 million shares (that is, the proportion of the total share capital has risen to more than 20%), and the total number of shares held by overseas Chinese and Chinese who firmly support the Red Party such as Chen Jiageng has exceeded 1 million shares. This means that the Red Party has actually surpassed Ford to become the real helmsman of Zhongfu Shares, but it is worth mentioning that the third largest shareholder of Zhongfu Shares is not Tan Kah Kee or other Chinese overseas Chinese who are pro-Red Party, but Chen Kah Kee's son-in-law, Lee Kong Chian, the richest man in Southeast Asia who has reservations about the Red Party, but at least not Lee Kuan Yew and other "Straits Chinese" who are "yellow-skinned and white-hearted".
In fact, Zhongfu International is not as completely dependent on the profitability of Zhongfu shares as before, but has a lot of industries that it fully controls, such as shipbuilding, containers, petrochemicals and other industrial sectors that have developed rapidly recently, and among them, the biggest potential profit in Mao Zemin's eyes is the fluorescent lamp and nylon stockings, two new products, the former is better in the broad market, which can be understood by thinking about what Edison started back then, and the latter has set off a popular craze. This can be seen by looking at the fact that DuPont's stockings made of inferior nylon 66 are sold out of stock. The reason why Zhongfu International no longer needs to hug Ford's thigh is that with the good news coming from China again and again, the governments of the great powers, including the United States, have generally realized the strength of the Red Party, and it is impossible for them to carry out the tricks that Mao Zemin feared at the beginning for the sake of a little short-term benefit. However, in order to reduce unnecessary obstacles and maintain the "traditional friendship" with Ford, a large number of oil fields and mines, including the Minas oil field and the newly discovered Padang iron ore mine, are still being developed by Zhongfu Co., Ltd
If these industries can be fully developed, Zhongfu International's annual net profit can reach hundreds of millions of dollars, even if it does not count the dividends received by Zhongfu shares, but unfortunately Mao Zemin has no time to wait slowly
Note 1: The average price of $200 per share is $200, because of a large number of acquisitions by the Morgan consortium in a short period of time, the shares of Zhongfu shares, which have been seriously undervalued, have soared from more than $100 to about $300 per unit, becoming the biggest bright spot in the U.S. stock market during the economic crisis.
Note 2: In fact, this can't be regarded as a defect, but because the Morgan consortium is best at this, and no matter how talented Mao Zemin is, he only started to try capital operation more than a year ago, so it is difficult to guarantee that he will not be exploited by them. (To be continued.) )