Reborn Entrepreneurial Giant.

Chapter 191 Make money to acquire Xiangcai

On September 9, Lehman's stock price plummeted. The Vision Fund's US$15 million plus 2 times leverage shorted Freddie Mac, Fannie Mae, AIG, Citigroup and Lehman. That means Citibank's stock price did not fall below US$2.5.

Taking advantage of the collapse of Lehman's stock price, it repurchased a large number of shares. After settlement, it received US$4.5 million in cash. It made US$2.5 million in this wave. It was a money grab!The Vision Fund's cash increased to $8 million.

Not only that, Qu Li has bought short options since last year, and this time they were all delivered and settled. He had an extra US$5 million in cash in his HSBC account.

On September 9, the international crude oil price fell to US$16. Xiangjiang Investment took the opportunity to clear 91 lots of positions and earned US$1 million.

Qu Li's industries are making huge profits, but in order to acquire Xiangcai Securities, of course he has to conceal the income from the Xiangjiang investment. Although 20% of the dividend income will be reinvested repeatedly, the only thing that can be seen is the 2% management fee, but said If Xiangcai Securities is not allowed, some people will be unwilling to do so.

Zhang Yiwen is still willing to cooperate. With more than one billion US dollars in cash, she is confident in acquiring the Asia-Pacific assets of GLP, as well as the Motorola Building.

"Xiang Province took the initiative to contact us." Sun Jianhe called Qu Li excitedly

"Don't lower the price, decide quickly!" Qu Li is worried that things will change later.

"Okay! I'll ask them to help set up QDII." Sun Jianhe

When a whale falls, everything comes alive. Vision has indirectly benefited from the dividends brought about by the bankruptcy of Lehman. Almost all global stock markets and commodity futures markets are falling. Domestic A-shares are all green, and the Shanghai Composite Index has fallen below the 2000-point mark.

He was lucky to make money. Unfortunately, Jumei's stock was among them and fell below $10 again. Fortunately, he had a large amount of cash in reserve and would not go bankrupt.

Originally, Qu Li wanted to arrange a place for the money he earned this time, but Hunan Province wanted him to go back and make final communication about the acquisition of Xiangcai Securities.At the same time, the bosses of Guangdong Province convened foreign trade export units for discussions to help companies solve practical problems. Jumei was invited as one of the few Internet e-commerce companies that grew against the trend during the subprime mortgage crisis.

"We invite you here this time. We mainly want to know a few questions. Where did the funds for your acquisition of Xiangcai Securities come from?" Qu Li arrived in Hunan Province. The people here were very direct. Maybe they were scared. Global Finance The industry is in panic.

"We must ensure that Xiangcai Securities is not controlled by foreign capital..."

It is relatively simple to prove that the money belongs to Qu Li. Although the Vision Fund and the Vision Fund are in charge of a set of people, they have no affiliation. The capital injection can be mutual investment or equity transaction replacement. Anyway, the domestic Vision Fund belongs to Qu Li of.

As for how Qu Li earned his money, just submit some information if necessary. Anyway, he was prepared and kept the original bills. Anyway, he did not break the law.Oh, you can’t say that. There are many “pocket crimes” in China. As long as the relevant departments want to arrest you, they can 100% find a reason.

Typical examples are third-party payments like Alipay, which were 100% non-compliant at the beginning; and Warwick, whose virtual stock model is 100% illegal fund-raising.When ZTE reported Warwick, the father of the current CEO of CICC came over to investigate. In the end, it seemed that Warwick was given special approval. Warwick was the only one in the country.

"Will you participate in the management of Xiangcai Securities?"

"Not in the short term. There will be many opportunities for cooperation between Jumei and Xiangcai Securities in the future. Taobao has Alipay and Jumei has Jupay, both of which are related to finance. If the country relaxes restrictions on Internet finance, Alipay or Jupay will Using payment as a platform, you can even set up an online bank, and sell funds and insurance on an agency basis..." Qu Li boasted, explaining why Xiangcai Securities needs digital transformation and why it needs to transform like wealth management.

"It must be acquired, can't we inject capital?"

"Of course, but we hope that shareholders will be more concentrated. A company can only have one direction and not have too much noise. I can sacrifice short-term financial indicators for long-term interests, including but not limited to long-term unprofitability..."

"If it is not profitable for a long time, can the company still develop?"

"This requires the introduction of a financial indicator called free cash flow. The company maintains a high revenue growth rate, but maintains a low gross profit margin and reinvestment ratio for development."

"In this case, we can do it too!"

"Vision wants a controlling stake!" Qu Li insisted

"of course."

Lehman went bankrupt. It cannot be said that Lehman Brothers is useless. How can it be that it is one of the top five investment banks in the global financial center?Xiangcai Securities has Lehman talents joining the company, which can introduce internationally advanced management systems and absorb the experience and lessons brought by bankruptcy. It should and can strengthen the company's risk control.

During the financial crisis, A-shares fell below 2000 points and market transactions were sluggish. As an ordinary member of the group, Xiangcai Securities' performance would naturally decline. Even if Lehman's Fei Liwen was included in the executive team, it would not help.The conversation between Xiang Sheng and Qu Li was more like a final struggle.

At this time, Qu Li holds the promising Jumei and the promising glory, both miracles created in an unfamiliar industry. Xiang Province does not doubt his ability, but where the money comes from is always a question. Just be legal and compliant.

The conversation went smoothly, and Hunan Province was surprisingly cooperative. However, the investment plan became more complicated. There were capital injections and equity acquisitions carried out in stages: Vision first injected US$2 million into Xiangcai, plus the 15% obtained from the previous capital injection. Vision shareholding ratio increased to 42%.In the end, about US$1 million was spent on the acquisition, increasing the shareholding ratio to 57%.

After the acquisition plan was finalized, Qu Li met with Xiangcai's senior management. Large-scale adjustments were certain. Whether he could stay would depend on the new CEO Sun Jianhe's choice between the Vision Group, Lehman Group, and Xiangcai Group.Among them, part of the original senior management team of the Xiangcai Department will be purged, and it is not yet known who the new leader will be.Senior executives who want to cause trouble can take advantage of the opportunity to see who kicks whom!

There is also Zhang Yiwen. After building momentum for her, she will become a senior executive of Xiangcai Securities. Vision and Xiangcai hold 60% of Xiangjiang Investment. Andrew and others from Lehman have joined Xiangjiang Investment. There is a high probability that Zhang Yiwen will become Lehman. Representative of the department.

Because Xiangcai Securities is not a listed company, the information that Qu Li is the actual controller behind the scenes does not need to be made public. He handles various trivial matters in an orderly manner, but the media still found him and asked for an interview.

"What does melamine have to do with me?" Qu Li thought that the information about the acquisition of Xiangcai was leaked, but he didn't expect that it had nothing to do with it.

"When you were recording the program on CCTV, you said that the Zhongguo milk industry had very serious quality problems, and now it really broke out..." This reporter somehow found such an entry point. It seems that Qu Li didn't pay for it. This is for him. Post a soft article?

It turns out that on September 9, after negotiations with Hebei Province failed to produce any results, the New Zealand court directly reported the quality problems of certain deer milk powder to the central court, triggering a crisis in the milk industry at this time.

Very ironic, right?In fact, the milk quality problem did not start in 2008, nor is it just in Hebei Province. It involves a large number of leading milk companies from north to south, such as Lu, Mengniu, Yili, Guangming, Yashili, which are well-known in the country and are exempted from national inspection...

"You know that Jumei has never sold any domestic milk powder because you know that there are quality problems with certain domestic milk powders, right?" The reporter said with a murderous heart.