Game within game: chess player

"Zhang Xing, how long can you delay?" Ye Fang asked without raising his head.

Zhang Yuanshan thought for a moment, gritted his teeth and said, "It won't be until June this year at most. We can't delay it any longer."

"Okay! I will repay all the loans before the end of June this year, so you don't have to worry!" Ye Fang affirmed.

"I'm not worried that you can't repay the loan. I'm worried that the bank's withdrawal of loans will directly cause your current efforts to be wasted. This clearly shows that the Qi family is behind it. I asked other provinces and cities that they have never received such a loan. Notice." Zhang Yunshan said.

"Don't worry, I can still handle it." After Ye Fang finished eating, he put down his bowls and chopsticks and said to the three of them, "I am a Xiaoqiang who cannot be beaten to death."

"You are a cockroach, so what are the three of us?" Bi Xingfa suddenly interrupted and asked.

A week later, good news and bad news were placed in front of Ye Fang. Ye Fang took several core personnel to a meeting in the financial center office to discuss countermeasures.

The bad news is that no bank in Beijing is willing to lend to German Real Estate. After comprehensive evaluation, everyone believes that German Real Estate is too risky to repay the loan now, including the major state-owned bank where Zhang Yuanshan works. If no bank is willing to provide loans to German real estate, it means that the eight real estate projects will not be able to obtain subsequent development funds, and Ye Fang's own funds are simply unable to start eight real estate projects at the same time.

Especially after repaying the loan on time, it is necessary to tighten the belt to ensure the smooth start of a real estate project. The current situation for German real estate is to guard a golden mountain but cannot swallow it in one bite.

"If that doesn't work, let's go to the Ma family..."

Ye Fang, who waved his hand to stop Wang Junhe from talking, certainly knew that if he found Ma Zhengping, the current crisis could indeed be overcome safely, but he undoubtedly had to give the Ma family the biggest piece of cake. There is no such thing as pie in the sky in this world. Other people's money is not so easy to use, so Ye Fang made up his mind not to ask the Ma family for this.

Although Ye Fang now holds more than [-] billion in funds, the reality is that after paying for the land, he has no money to repay the loan. If he repays the loan, he will have no extra funds to develop the eight real estate projects. In the end, one of the two will have to be abandoned. This is a dilemma.

Of course, there is also good news, which Wang Junhe gave to Ye Fang, that is, Ye Fang's plan to acquire an insurance company has finally come to an end. Yi'an Insurance is a life insurance company headquartered in Beijing that was established more than two years ago with a registered capital of 5000 million. Since its establishment, the company has not developed its business.

The company's shareholders cannot afford the continuous investment for years, so replacements are extremely frequent. The company now has problems with even the most basic employee expenses. Several shareholders of the company are now looking for buyers, but no one is willing to take over the deal. Therefore, Yi'an Insurance is currently operating poorly, and institutions in various places are gradually closing down.

When Wang Junhe reported this situation to Ye Fang, Ye Fang immediately decided to fully acquire the insurance company. All shareholders asked for 100 million to transfer [-]% of Yi'an Insurance shares. However, due to regulatory policies, all shares could not be transferred. To leave Ye Fang alone, Ye Fang needs to prepare several more companies to purchase shares. Of course, the actual controller behind it must be Ye Fang.

"Mr. Ye, our current liquidity is already tight, so if we spend several hundred million to acquire an unprofitable insurance company, is it not worth the gain?" Cai Xiaoling, the group's financial director, expressed concern.

"I think we need to be more cautious. Including the acquisition funds and subsequent capital investment of Yi'an Insurance, it is estimated that it will not be less than [-] million, and this does not guarantee whether it can turn losses into profits. If it continues to lose money, it will be necessary Continuously adding funds will definitely drag down the entire group." Bi Xingfa added.

"There is no need to discuss this matter anymore. I have already decided, but the price has to be lowered. More than three hundred million is a bit too much, and two hundred and fifty million is my bottom line. Lao Wang, you go and talk to them on my behalf." . If we can’t negotiate the package, we will buy it from whoever sells it first. Anyway, as long as it exceeds 50.00%, we will have absolute control.” Ye Fang said.

Wang Junhe knew that Ye Fang's decision would not be changed easily, so he agreed, "Okay, I will ask them to talk tomorrow."

"Be quick! Sign the agreement as soon as it's finalized, and then submit it to the supervisor for approval." Ye Fang knocked on the table heavily.

"I will redraft the offer contract." Wang Junhe replied.

The next day, Ye Fang was sitting in the office of the International Financial Center waiting for news from Wang Junhe. Early this morning, Wang Junhe invited eight shareholder representatives of Yi'an Insurance to the company to discuss the acquisition. Acquisition at a low price is destined to be a psychological game. Yi'an's shareholders want to exit as soon as possible and at the same time want to sell it at a good price. At least they must collect as much as they can recover the funds invested in the past few years. As Ye Fang's plenipotentiary representative, Wang Junhe hopes to get Yi'an Insurance at the most affordable price, and the sooner the better. Wang Junhe probably guesses Ye Fang's next plan, so he must solve it as soon as possible Equity acquisition of Yi'an Insurance.

The two parties talked from nine in the morning to nine in the evening, and finally reached an agreement. The shareholders of Yi'an Insurance finally agreed to transfer 2.68% of the shares of Yi'an Insurance for [-] million.

Ye Fang jointly purchased 37% of the shares of Yi'an Insurance with Guizhi Investment, Xingfa Fund, Defang Real Estate, Financial Center Property Company, Xiyuan Investment and Ye Fang as natural persons. Among them, Xiyuan Investment invested [-] million. This More than [-] million is Xiyuan's income from selling membership fees. On the surface, the entire Xiyuan has nothing to do with Ye Fang, because the legal person is Xiaozhuang, which accounts for [-]% of the entire Yi'an Insurance shares.

Everyone knows that Xiyuan is very profitable, but they didn't expect it to be so profitable. In just one week, it can directly withdraw [-] million in cash. This kind of money-absorbing ability is comparable to a money printing machine.

The share transfer of Yi'an Insurance was approved quickly after it was reported to the regulatory authorities. Yi'an Insurance is also a financial institution that is a headache for the regulatory authorities. Someone is willing to take over this hot potato and inject capital. This is something that the regulatory authorities are happy to see, so it was reported The relevant procedures for the share transfer were quickly approved.

After Yi'an Insurance was acquired by Ye Fang, Ye Fang directly moved the entire Yi'an Insurance headquarters to the International Financial Center, and at the same time changed Yi'an Insurance's name to Junhe Insurance, mainly engaged in life insurance business. Wang Junhe expressed his inability to respond to the fact that Ye Fang borrowed his name again. The reason given by Ye Fang was simply that he felt that the word "Jun" was very suitable for the temperament of his insurance company.

At the same time, Wang Junhe was invited to serve as the chairman of Junhe Insurance. Wang Junhe knew that he would probably sell it to Ye Fang and Junhe Insurance in his lifetime. Even with this name, he had to work hard to run this insurance company.