Chapter 768: Conspiracy

In the elegantly decorated room, Zhao Guodong sat on the sofa with a gloomy expression.

"Dad, is there really nothing we can do?"

Zhao Zhijun nodded, "The chief assistant personally gave the order, what do you think?"

"What kind of ecstasy soup did the person named Xu pour into the first assistant? Why is it that Delong got such a big plate at the expense of the person named Xu?"

Next to him, Zhao Guoliang was full of complaints.

“The biggest reason why Xu Liang was able to eat up the entire Delong Group was that he promised to repay the Delong Group’s debt of 57 billion Chinese dollars.

Otherwise, with so many state-owned enterprises, it would be impossible for Delong to fall into his hands. " Zhao Guodong said calmly.

What is needed above is stability, and Xu Liang's plan can ensure stability to the greatest extent.

"Brother, is 57 billion Chinese dollars a lot of debt? Doesn't Delong have 120 billion assets? Can he easily cover the debt by just selling it?" Zhao Guoliang asked confused.

“Delong’s 120 billion assets are considered affiliated companies.

The simplest example.

Delong holds 2% of the equity of Shenzhen Development Bank. Shenzhen Development Bank is also considered a related asset of Delong, but Shenzhen Development Bank is not a subsidiary of Delong.

Excluding these enterprises, Delong's real assets are only about 40 billion. " Zhao Guodong explained.

"40 billion? Is the person named Xu stupid?

What did he think about acquiring Delong at a loss of 17 billion? " Zhao Guoliang said in disbelief.

With assets of 40 billion and debts of 57 billion, even a fool knows that the loss is huge.

"Dad, this is what I'm confused about. If Delong goes bankrupt, he can at least save tens of billions of investments. But he insists on debt-based acquisitions. Why?" Zhao Guodong couldn't help but ask.

This is what he couldn't figure out.

There are obviously ways to save money, but they still cost money.

Anyone else would think there is something wrong with it.

Zhao Zhijun narrowed his eyes slightly and his tone was incomprehensible.

“According to him, the reason why he is willing to spend more money is to win the trust of individuals and institutions that invest in and cooperate with Delong.

Give up short-term interests and pursue long-term returns. "

"Some people believe this kind of thing, how about a liar?"

Zhao Guoliang said sarcastically.

Zhao Guodong frowned slightly, "Dad, did he really say that?"

"That's what he said in front of the chief assistant. No matter whether he has other plans secretly, but since he made a guarantee, he must do it in the future.

Otherwise, the higher-ups will not let him go. "

Zhao Zhijun's eyes flickered after a pause.

"There is also a possibility that he is confident enough to earn a higher return on Deron's assets to make up for the loss of the acquisition.

So he is willing to bear the price of this 57 billion liability. "

Hearing this, a trace of jealousy flashed in Zhao Guodong's eyes.

Xu Liang’s investment abilities have been recognized around the world.

From shorting Yahoo in 2000, shorting Enron and longing US military stocks in 2001, and then going long oil and soybeans in 2003; and consistently optimistic about the Internet industry.

Success after success, winning numerous accolades.

Of course it also earned a huge amount of trust.

"Well, no matter what Xu Liang's plan is for Delong, it has nothing to do with Yinji."

Zhao Zhijun turned to look at his eldest son.

"Guodong, you have been at Yinji for two years.

Staying up there all the time is not conducive to your future career. I'll help you run it after a while. Go work down below for a while. If you don’t have grassroots work experience in the future, you won’t be able to go very far in your official career. "

"I got it, Dad."

Zhao Zhijun waved his hand, "Okay, if you have nothing to do, please go out."

The two brothers left the study.

Zhao Guoliang lowered his voice, "Brother, are we really going to let this go?"

"Didn't you hear what dad said just now?"

"Nanmanzi has set a high price. If Delong can't get it, our losses will be huge."

Zhao Guodong's face darkened.

The benefits have been eaten into the mouth, and it is impossible to spit them out again.

"Tell them to calm down for a moment and I will give them an answer as soon as possible."

"Um."

——

Looking at the framed plaque that said 'Be loyal to the public and abide by the law' hanging on the wall, Xu Liang couldn't help but curl up the corner of his mouth.

"It's been almost a week, are you still watching?"

Jiang Xiaoyang smiled.

"Shou Fu's handwriting is really good, powerful and majestic." Xu Liang said with a smile.

"I think it's all psychological."

As he spoke, he placed a stack of information in front of him.

"Let's take a look. This is the due diligence of Delong's financial sector."

I took it and flipped through it briefly.

"Delong's reach in the financial field is much deeper than we originally expected."

Jiang Xiaoyang nodded and said: "After the equity transfer, Delong actually holds two securities companies, Deheng and Hengxin. There are three largest shareholders: Zhongfu, Northeast and Taiyang Securities.

There are four companies that hold more than 10% of the shares.

There are two holding companies in the financial leasing field: New Century Financial Leasing and Xinjiang Financial Leasing.

There are 4 companies that participate in the company.

In the trust field, there is only one holding company, Jinxin Trust, while Islamic, Dajiang and AIS Trust are shareholders.

In the insurance sector, it holds holdings in Oriental Life Insurance and Huaan Property & Casualty Insurance.

In the banking sector, there are basically seven companies with equity participation.

Kunming Commercial Bank holds the largest shareholding, holding 34.59%, followed by Nanchang Commercial Bank and Zhuzhou Commercial Bank, and Shenzhen Development Bank holds the least with 1.79%.

Excluding bank assets, the total financial assets associated with Delong are 53.8 billion Chinese dollars.

Among them, Delong occupies the largest shareholder and main controlling shareholder financial institution with total assets of 26.9 billion Chinese dollars.

We have previously called other shareholders of major financial institutions.

They are basically willing to sell their equity to us. "

Xu Liang was not surprised by this result.

Hanhua advocates repaying the money, but when repaying the money, you can't just pay it out yourself, but everyone must jointly contribute according to the equity ratio.

If you don’t invest, your equity will be diluted.

If you invest, you have to come up with a large amount of working capital.

They were already frightened by Delong. Although they replaced Hanhua with a better reputation, Hanhua had never run an investment bank or trust. Whether it could do well is another matter.

Therefore, when Hanhua's bid was more suitable, most of them sold their shares.

"But there are a few exceptions."

"who?"

"Changsha Salon Teng Group, Shancheng Chemical Holdings, South China Materials Group, as well as Kleiner Perkins Caufield & Byers, Lehman..."

"Wait a minute, I understand the companies in front of them, but why are Kleiner Perkins Caufield & Byers and Lehman Brothers showing up too?"

"Boss Xu, your boss, is famous in the global financial community, but Hanhua never raises external financing, so many investment institutions plan to use this curve to save the country, buy shares in Hanhua, and share the benefits.

This is just the beginning, and it is estimated that there will be more such organizations in the future. "

After a pause, Jiang Xiaoyang looked at the man and smiled.

"So, do you want to continue the acquisition?"

“Of course acquisition is the fastest way to build a nationwide network.

However, although I allow other companies to participate, our shares must be guaranteed and cannot hinder our consolidated financial statements. "

Generally speaking, financial statements can be consolidated if the shareholding exceeds 50%.

Jiang Xiaoyang nodded.

"By the way, the shares of several city banks will be sold within this year, and the shares of Shenzhen Development Bank can be retained."

City banks, except for a few first-tier city banks that are interesting, are basically small treasury banks in local cities or even provinces.

Rights and responsibilities are unclear, and investment channels are lacking.

The disadvantages will become more prominent the further you go, so sell now while there is still some value. The further you go, the harder it will be to sell.

"Um."

Jingle Bell…….

The phone on the table rang.

Xu Liang picked up.

"Mr. Xu, Zhao Guodong, CEO of Yinji Asset Management, wants to see you. He said he has something very important to discuss with you. He also said that if you don't meet with him, you will definitely regret it."

"With such a loud tone, I'm actually a little curious.

Well, you can make arrangements and I'll meet him at the company tomorrow morning. "

"OK."

When he put down the phone, Jiang Xiaoyang asked.

"Zhao Guodong wants to see you?"

"Well, he also said that I would regret it if I didn't see him. I want to see what kind of trump card this guy has in his hand. Is he so confident?"

"Although Zhao Guodong is not a top person in the circle, he is still a well-known figure, much better than his younger brother.

Since he is so sure, he must have really got an offer that we can't refuse. "

Xu Liang nodded slightly, "It will become clear when we meet in person."

"Um."

"It's almost noon, let's have dinner together?"

"I'll pack up the files."

After coming to the restaurant to have lunch together, Jiang Xiaoyang went upstairs to rest.

Xu Liang drove away from the company.

After walking through the streets and alleys, we soon arrived at Sixi Tower in Shichahai.

Sixi Tower is divided into three parts: front, middle and back.

The two-story attic at the front is the lobby of Sixi Building. It is more than 2,000 square meters and is basically a studio.

The middle part is the box area, with fifty-six boxes of various sizes, covering an area of ​​more than 4,000 square meters.

At the end is the private residential area, where An Kaiyue basically lived before going abroad.

Xu Liang parked the car in the parking space and walked in.

The attendance rate at noon was pretty good, with at least 70% attendance on the first floor.

"Mr. Xu."

The lobby manager saw him and came over quickly.

"Where is your Mr. Zhao?"

"Mr. Zhao went to Jinmen to inspect the market and will come back tomorrow."

After five years of development, Sixilou has occupied four first-tier cities across the country.

The main development direction now is to strengthen second-tier cities.

Jinmen, Hangcheng, Rongcheng and Shancheng are the first batch.

"How's the recent business in the store?"

"Thanks to your care, things are getting better and better. Especially in February, our highest daily turnover has exceeded 370,000."

Proud of his celebrity effect, Sixi Building has more and more business, especially external business receptions. Coupled with the tilt of Hanhua and Hongmeng, even the price of meals, drinks and service fees in the private room has exceeded 10,000.

There is still an endless stream.

"Yes, if this year's revenue can exceed 50 million, I will give you twice the bonus."

"Mr. Xu, we must work hard."

After finishing the injection of chicken blood, Xu Liang came to the box area.

The best box No. 1 here is exclusive to him. When he is in the capital, he will basically entertain foreign guests here.