Joaquin Capital, doorway.

Listening to Edward's angry voice on the other end of the phone, Ji Cheng looked at the heads of the subsidiaries staring at him again, he didn't reply to Edward's words immediately, but waved at the heads of the subsidiaries, "In your advanced company, we will have a brief meeting later." ”

"Okay, Mr. Cheng."

"Mr. Cheng, let's go in first."

Kenneth. Lewis, Li Kai and others entered it one after another.

Ji Cheng then walked towards the corridor window and said, "Mr. Edward, what did you say?" I don't understand well. ”

Edward. Moore. Kennedy was going crazy with him, "Ji, it's all like this, do you still want to pretend to be with me?" ”

Ji Cheng saw that he really couldn't get through the lake, so he had to say, "Oh, you came to ask me about the financing of my subsidiary, right?" ”

"Or else?" Edward said in a very unhappy tone: "All of our companies are cross-owned with your subsidiaries, although because of the large number of participating companies, you don't have many shares in each company, some may be only one percent, two or three percent, but this is almost all of our companies involved, adding up to a very considerable ratio, if you want to raise money with others, they can indirectly obtain shares in the Boston consortium through your subsidiaries, if their capital takes advantage of it." It's possible that we'll lose control of the company! ”

Ji Cheng snorted, "I know." ”

"You know that you don't have to consult with us to make a claim?" Edward said speechlessly, "You have to understand one thing, although you have invested a billion dollars in almost every one of these subsidiaries, the shares we paid to win you into the Boston consortium are worth more. ”

Yes, indeed.

Except for Huajin Bank and Huajin Capital Corporation, which did not allow the companies under the Boston consortium to cross-sharehold, the other subsidiaries have cross-held shares with the subsidiaries of the Boston consortium, and Ji Cheng injected one billion dollars into a subsidiary, and the valuation is one billion dollars, but the value of those companies under the Boston consortium is far more than one billion.

For example, Raytheon has a market value of more than $10 billion on the surface, but in fact it is only partially listed, and its actual total assets far exceed more than $10 billion, but in order to win over Ji Cheng, the Boston consortium used 3 percent of the shares of Raytheon's listed part of the shares in exchange for 15 percent of Colt's shares that Ji Cheng had just acquired and injected $1 billion, but the other party's shares were worth more than $400 million, and Colt only had 1.5 billion.

As a result, Colt's value has risen sharply, from the original billion dollars to more than 1.4 billion US dollars, which is still the real value, and the valuation will be higher if it is calculated, because Raytheon is a large defense contract in the United States, and the brand added value it can bring to Colt is far more than 400 million.

If it is valued now, Colt will have no problem valuing 17.8 billion.

On the surface, if the equity is not sold, the valuation is also empty, but if Ji Cheng wants to let Colt go public for financing in the future, he can pay less equity to get more financing amount.

Even the price of the two shares before the sale of the cross-shareholding is possible.

To put it simply, his equity value has increased significantly, and some brands have high added value, so it is not impossible for him to double his equity value.

And that's just Colt.

Huajin Capital currently has more than a dozen subsidiaries, all of which are cross-owned with the Boston consortium.

What if more than a dozen companies all doubled their equity value?

Ji Cheng only needs to pay half of the equity before the financing and listing, and all the money invested before is back, which still does not calculate the company's growth rate.

It can be said that no matter what the purpose of the Boston consortium is, it is benevolent and righteous to Ji Cheng.

However, Ji Cheng really transferred part of the equity of the subsidiary at this time, which was clearly pit the Boston consortium.

Of course, he understands this truth, so he must give the other party an explanation.

"Edward, if you believe me, how about we find a time to meet and talk in detail?" Ji Cheng knew that he couldn't say it clearly on the phone.

Edward hesitated for a moment, "Okay, I'll meet tonight, and I'll call everyone else." ”

Ji Chengdao: "Okay, see you in the evening." ”

Hang up.

He was about to go back to the office for a meeting.

The phone rings again.

Who is it?

Ji Cheng muttered in his heart, but he still connected the phone.

A familiar voice came from the other end, "My old buddy Ji, how are you doing?" ”

Hey?

Is it Citibank's John?

Ji Cheng was a little puzzled when he heard John's voice, since the last time he fell out with Citibank, although he had borrowed more than one billion dollars since then, he repaid it when the soybean futures were withdrawn, and then there has been no contact, why did he come to the door again?

"It's Brother John." Ji Cheng is a scene person in the end, even if he has a problem with Citibank in his heart, he will not reveal it openly, he asked with a smile: "Do you want to invite me to coffee?" ”

"It's okay to drink coffee." John said with a little meaning: "If you want, don't talk about coffee, even if you take out the White Horse 1947, which I have treasured for many years, and drink it with you." ”

Cheval Blanc 1947 is the best vintage ever made at Château Cheval de Bordeaux, and in the modern world, a single bottle of Christie's Geneva sold for more than $300,000 in 2010.

Generally, this kind of red wine is used for collection, and few people take it out and drink it.

Ji Cheng probably had a point in his heart when he heard John's words, and immediately asked with a smile: "Do you Citibank know about the financing of my subsidiary?" ”

John opened the skylight and said, "Yes, the board of directors knows that I have a relatively good relationship with you, so let me call you and ask you how many shares you are willing to sell and how much you offer." ”

Ji Cheng didn't expect that the news on his side had just been released, and a consortium would come to inquire immediately, and he secretly felt funny in his heart, his plan really made these consortiums take the bait.

After thinking about it for a while, Ji Cheng asked, "Which subsidiary are you referring to?" ”

"Joaquin Bank!"

John bared his fangs.

Huajin Bank is the core business of Huajin Capital, and if the consortium can get the shares of Huajin Bank, it is equivalent to having the ability to restrain Ji Cheng.

Sure enough, it's not good.

Ji Cheng was not surprised at all, and said: "Oh, I am ready to sell about ten percent of the shares of Huajin Bank and quote five hundred million US dollars." ”

Hearing this, John almost jumped up, "You actually ask for 500 million dollars for 10% of the shares?" ”

Ji Cheng blinked and said, "What's wrong?" ”

John was speechless: "As far as I know, you only spent more than 2 billion US dollars to acquire the beautiful national savings bank, and ten percent of the shares are worth more than 200 million if you die, and you doubled it all at once, is the asking price too fierce?" ”

Ji Cheng asked rhetorically in a strange tone: "Huajin Bank has fully accepted all the business of Meimei Guo Savings Bank, and now my subsidiaries can become customers of Huajin Bank, which can be regarded as a great increase in business capacity, in this case, why should I sell according to the actual value of the equity?" If I don't make money, what shares do I sell? ”

John was dumbfounded by him.

Yes, if Ji Cheng doesn't want to make money, but simply sells 10% of the shares of Huajin Bank, I'm afraid no one will want more than 200 million US dollars? There are people who are willing to pay for it.

John understood this truth, but he still felt that the asking price of $500 million was too high, "In business, it is understandable to want to make money, but $500 million is really too much, and I can give you an offer of $350 million at most." ”

"No need to talk." Ji Cheng directly refused: "Either prepare 500 million US dollars to talk to me in detail, or I will find someone else, if you want to talk to me about equity transfer if you don't have the money ready, it is impossible." ”

"You're going to get the money right away?" John was even more speechless.

Ji Chengdao: "Of course. ”

John immediately bargained: "If you want to get the money immediately, you can pay cash in a lump sum, and I can give you a quote of 300 million dollars." ”

The previous offer of $350 million was obviously not a one-time settlement, so the price was slightly higher.

If you want to get the money for the equity transfer at once, Citibank will definitely not offer such a high price, or rather, no one.

Because a one-time outfit of $300 million is a lot of money for any business.

Don't look at Citibank's previous loan to Ji Cheng of 1.8 billion, that's because Ji Cheng has Huajin Capital as collateral, and Citibank can use the collateral to raise funds with other banks, which is the bank's consistent method.

And now the purchase of equity is not a loan, and there is certainly no collateral.

In other words, Citibank has to come up with real $300 million in cash at once.

Don't look at the big business of Citibank, it seems that there is a lot of money, and there are quite a lot of reserves, currently tens of billions of dollars.

Some people may say, tens of billions of dollars in reserves, and still reluctant to take out 300 million in cash?

That's just the way it is.

According to Ji Cheng's knowledge, Motomo and Chase later sat on a reserve of 1.2 trillion US dollars, but could not arrange a sovereign loan of 50 billion US dollars.

Because this money is not in the hands of the commercial banks themselves at all, it generally needs to be placed in the Federal Reserve, and the more reserves you pay, the more money you can lend to others, which is proportional.

Take Ji Cheng's Huajin Bank as an example, with total assets of more than $2 billion, and reserves handed over to the Federal Reserve are almost more than 200 million.

This is also an important reason why banks in beautiful countries need to work together with other banks when they want to lend a huge amount of money.

In addition, there is a simple example, Citibank and Chase Bank led the acquisition of United Airlines, and finally offered $6.75 billion but asked a Japanese bank for a loan, because they had no choice, although a single bank does have the ability to come up with so much money, but you take it out now, do you want to give people loans in the future?

In general, a commercial bank's reserves will be much more than cash, and the role of cash is to maintain the development and operation of the enterprise.

Under the premise that the reserves cannot be used, if Citibank wants to obtain 10% of the equity of Huajin Bank, Citibank can only buy it with cash.

Once the cash is out, Citibank may have to cut back on its day-to-day operations.

That's why John bargained after hearing Ji Cheng ask for cash.

Of course, Citibank is powerful, in fact, it is not a big deal to take out three or five billion US dollars in cash, and you can even find other banks for loans, which will not cause problems for the development of the enterprise, but now who doesn't know that Ji Cheng is in a hurry to use money, when will he cut it if he doesn't bargain at this time?

Yes, Citibank bullied Ji Cheng for having no money in his hand and deliberately took the opportunity to suppress the price.

Of course, Ji Cheng understood what Citibank was thinking, and said very strongly: "500 million US dollars in cash, not a penny less." ”

John was silent for a moment, "I'll report to the board." ”

"Hmm."

Ji Cheng didn't say anything more, and then hung up the phone.

As a result, the next second the phone rang again.

"Hello, I'm Ji Cheng."

"Ji, I'm Barkley."

"Oh? Buckley, how did you come up with the idea of calling me? ”

"I heard you want to sell a stake in a subsidiary?"

"Which of my subsidiaries is Vanguard interested in?"

"Joaquin Ventures."

"Oh, then I won't go around the bush with you, I will pay $350 million for 10% of the shares."

"No way, your price is too high, I can only give you 200 million at most."

"$350 million in cash, otherwise we wouldn't have to talk about it."

Hung up, and another call came.

"Ji, I'm Agnan."

One!

Three!

Five!

The calls came in one by one, some were acquaintances, some were unknowns, but without exception, all of them were from the consortium to inquire.

Ji Cheng stood at the window of the corridor and made a phone call for almost an hour.

This group of consortia is exactly the same as Citibank and Vanguard Group, and everyone is suppressing offers.

There are even some people who are more excessive than Citibank, and cut the price of Ji Chengbao in half, as if he is in a hurry to use money now, so he is bullied to death.

Finally, the phone stopped ringing.

Ji Cheng pinched his phone and sneered.

This group of capital really eats people.

tried every means to get his own equity and find an opportunity to gain control of the company, not to mention, he also fell into the well one by one and refused to offer the right price.

If Ji Cheng really fell into such a field, the faces of this group of consortia today are a true portrayal.

The face is really ugly!

"Really, I can't do it?"

Ji Cheng couldn't help but squint his eyes.

At the same time, he also used today's phone calls to find out how many potential opponents he has.

"I will definitely sell these shares, and I can quickly return the funds, after all, the stock market turmoil in the United States is coming, if I don't have money in hand, I can't take advantage of the stock market turmoil to make a lot of money, and now the more cash I have in hand, the more money I can make at that time."

"As for equity...... Hey, what's the point for those consortia? As long as the control of the company is still in my hands, even if I take 99% of the company's equity, it is useless. ”

How can you sell your equity without weakening your control?

Of course, Ji Cheng already had an idea, and this idea was the magic weapon he used to convince the Boston consortium tonight.

Look at my father in 1988 Jackie Chan \ / on \ / remember \ / live \ / domain \ / name: w\/w\/w.8\/2\/z\/w.\/c\/o\/m