Born with rich bones

Morningstar Capital may not immediately withdraw all 40 billion working capital to invest in the International Trade Project, but Li Yan will make such a choice.

Li Yan generally would not intervene in the internal operation of Morningstar Capital, nor would she interfere too much in the decisions of high-level executives, but once a decision is made, no one can refute it.

Zhong Tezhu didn't understand the boss's decision. Anyway, he couldn't understand any of the boss's decisions. Maybe the international trade project he thought was the ultimate goal was actually just a cover.

It's not that the boss hasn't done this before. He usually wears Buddhist beads and copies Buddhist scriptures. Although he is contaminated with meat, he is a vegetarian most of the time, pretending to be a compassionate Bodhisattva.But when you really think about deceiving people, it is from digging to filling the hole, the whole process is meticulous, without missing a single step, and at the end you have to kick the person so that you can't get out.

Black, the heart is really fucking black.

Zhong Tezhu knew that the boss he was following was not a good person, but a good person would make him poor.That's why Zhong Tezhu respected and feared Li Yan. He was always loyal and dared not have other thoughts.

However, in the past two years, Li Yan has not made any major moves. Sometimes when acquiring shares in certain industries, his methods are much more gentle.Probably because after staying in school for a long time, people also become kind and soft-hearted.

Zhong Tezhu thought so, and then obeyed Li Yan's instructions, and transferred 100% of the shares of several promising industries under Morningstar Capital to the branch Xingyao.

Two years ago, Li Yan suddenly proposed a branch company plan and named the branch company Shining Star Investment.In the past two years, Shining Star has developed and grown, and now it is no worse than Morningstar Capital of the head office.

Zhong Tezhu didn't really understand why he wanted to open a branch office, because it was actually unnecessary.The so-called venture capital is to be optimistic about the future prospects of certain enterprises, and inject funds to invest in the acquisition of shares in the early stage, and get benefits when the shares rise.

So there is no need to create a branch.

But Zhong Tezhu still said that, he couldn't understand what Li Yan was thinking.Just like now, he doesn't understand at all why he has to withdraw 40 billion liquidity from Morningstar Capital, and at the same time transfer 100% of the shares of several industries with promising development prospects to Xingyao.

Xingyao and Chenxing both belong to Li Yan, and it feels superfluous to transfer the shares around.

Zhong Tezhu did so silently, until after these industrial shares were handled, he found that there were more non-performing assets than expected, and the company's debt situation also exceeded 70%.

Transferring all these industrial shares to Shining Star, this big move naturally attracted the attention of the industry.At the same time, they also noticed that there are only 5 industries left by Morningstar Capital, namely cold chain logistics, electrical, Eastern European mining, electronic network and modern agriculture.

Among them, the maintenance cost of cold chain logistics is too high, and the current utilization rate in China is not high, because agriculture has just developed.The transportation of agricultural products such as dairy products, meat, vegetables, and fruits has not yet reached the scale of later generations.

The mining industry in Eastern Europe is difficult, the obstruction of the Eastern European government and the lack of equipment have caused the mining industry to be like a big hole, which cannot be filled by investing countless money.

Not to mention the electronic network, there is no Internet access in China.Modern agriculture can barely be considered promising, but compared with the industries under the name of Xingyao Investment, there is obviously a big gap.

The industries that Shining Star invests in are basically the most profitable industries, such as well-known newspapers, finance, old-fashioned candy companies, and so on.

The movement of Morning Star Capital seems to mean to distinguish Star Investment from the head office.

Look, it looks like a strong man is about to cut off his wrist.Separately linking industries that may cause debt and profitable industries may be a drastic cut of Morningstar Capital and re-development of Shining Star Investment.

Moreover, Morningstar Capital also withdraws 40 billion in cash flow. This attitude obviously means that Morningstar Capital is really going to be cut off.

People who guessed this were in an uproar. Others reorganized the company, even if they cut off the limbs, they would not touch the head.This morning star is interesting, first cut off the head, and then let the limbs give birth to a head, so don't accidentally revive it.

Of course, they would not be kind enough to remind them. Instead, they would just wait for Morning Star Capital to stumble and pounce on it to devour it.

Some speculations in the industry have also reached the ears of Morningstar Capital executives, but they are calm and stable.

Special assistant Zhong was also steady, because he seemed to have guessed the boss' plan.

He feels that once the plan is successful, the boss will become the object of many people's curse before going to bed.The reputation of Morningstar Capital in the industry is estimated to be similar to hell.

Alas, he is obviously an elegant gentleman, but how could he follow the wrong boss and become a thug in a suit.

Zhong Tezhu pretended to be sad to himself, and then he worked harder than anyone else.

..

The shares of Morningstar Capital fell, while the shares of Shining Star Investment began to rise.

Although Morningstar Capital responded quickly to this, the speed was still much slower than in the past, and the stock market caused chaos for a while.

Fortunately, Morningstar Capital belongs to dual-level equity, and there are very few listed shares, which are basically in the hands of Li Yan, so the plan to take advantage of the chaos to acquire Morningstar has been shelved.

However, the slow response of Morningstar Capital this time also made others realize that this invincible behemoth has finally stumbled.It is not greedy and wants to independently swallow the International Trade Project, but it is trapped by 40 billion in cash flow, and may face a capital flow fault.

Coupled with the fact that the senior management of Morningstar Capital has frequently contacted asset management companies such as Huajing Trust, it seems that they intend to restructure their assets.This completely gave them a signal that Morningstar Capital could not survive.

As a result, some people began to hostilely acquire Xingyao Investment shares.

..

Shen Feng: "The shares of Shining Star Investment have risen rapidly, and the defense is tight. Fortunately, it does not adopt dual-level equity like Morningstar Capital. As long as it can acquire 5% of the shares, it will have the opportunity to control the right to speak."

Speaking of this, Shen Feng's tone was filled with uncontrollable excitement.

At present, Morningstar Capital seems to have lost its value.The real value tends to be Xingyao Investment, as long as even only 5% of the shares are acquired.They can directly issue a takeover offer to the shareholders of Shining Star, and directly carry out a hostile takeover.

Moreover, the value of Xingyao's investment far exceeds Changjing's International Trade Project.

Wei Manying hesitated: "Why don't you wait a little longer? I always think it's a scam."

Shen Feng was displeased: "You were the one who said the target was Morningstar, and you were the one who said there was a fraud. Now that Morningstar Capital's cash flow is all invested in the International Trade Project, the capital chain must be broken. Otherwise, he wouldn't leave a few with poor prospects. If you hesitate for a second, others will come and snatch the shares. If you hesitate, then we will separate and transfer the 5 million funds to Xingyao. Separate together."

Wei Manying sighed: "Okay, I understand."

She was only vaguely disturbed.

Morningstar Capital has been established for more than ten years. It has been silent in the venture capital and financial circles. After gobbling up many industries, it suddenly became a top venture capital with a strong attitude.

Will such a sophisticated enterprise really expose its shortcomings so clearly?

Wei Manying was originally ambitious to acquire shares in Morningstar, but when Morningstar placed the most beneficial shares in front of her, she was afraid that this was a trap.

Morningstar Capital's attitude has always been tough, not only because of its industry style, but also because of its management system.

In particular, Morningstar Capital adopts dual-level shareholding and firmly holds the company's equity in the hands of the chairman, which has completely become its own words.

The so-called dual-level shareholding means that the listed shares of the company are divided into two types: A and B. Class A enjoys corporate income and voting rights that are equivalent to none (that is, management rights), while Class B does not enjoy corporate benefits, but has the largest voting rights.

Class B shares are in the hands of the behind-the-scenes boss of Morningstar Capital, while only a small part of Class A shares are listed, so Morningstar will not encounter hostile takeover attacks at all.

That is to say, no one can get a piece of the pie, because the controlling stake is in the hands of the boss behind Morningstar.

In contrast, Shining Star has only one type of equity, and the equity was easily acquired because of this turmoil—at least they have purchased 2% of the equity from one of the shareholders of Shining Star.

Style... not like Morningstar's usual domineering and monopolistic style.

Shen Feng's thinking was completely opposite to Wei Manying's. He felt that the lack of monopoly could better explain that Morningstar Capital's capital chain was broken.

Wei Manying: "Okay. Let's give it a go, buy 5% and send an offer to Xingyao."

Sending a takeover offer directly, that is, without negotiating with the management of Shining Star, is a hostile takeover in the acquisition of companies.

Shen Feng sneered in his heart, when it comes to truth, Wei Manying's methods were even more ruthless than him.

Because from the very beginning, Wei Manying had the idea of ​​a hostile takeover, and did not want a traditional takeover.

..

The current situation of Morningstar Capital is chaotic, and many people are staring at it. As the chairman, Li Yan still goes to and from get out of class on time. He is an ordinary high school student, and by the way, he will share the sour smell of love with his boyfriend who has been dating for two years.

Naturally, Luo Bai heard about the commotion.But when he saw that his boyfriend was leisurely and carefree, and still wanted to flirt with him, he knew that he didn't need to worry too much.

Moreover, Morningstar Capital, which is said to be about to give up, still retains five seemingly unprofitable industries under its umbrella. In fact, it will develop at a frightening speed in two years.

Luo Bai pondered for a while, then guessed: "Xingyao is the part you want to cut off?"

Li Yan was lying on the edge of the Babu bed, leaning against the bed post, with one leg under the edge of the bed and the other leg on the bed.Holding a scripture in his hand, he read it quietly for about half an hour.

Hearing Luo Bai's question suddenly, the reaction was delayed by two seconds: "It is."

Luo Bai: "Why?"

The industry under Shining Star is also very impressive at present.For at least ten years, great benefits can still be achieved.

In particular, there is real estate in it, which is the first of the top ten profit-making industries.If after 30 or [-] years, various policies restricting real estate are introduced, it will be a little bit justified to abandon this one.

Now is exactly the time when real estate is booming, even if you don't pay a penny, you can still make a lot of money.One can imagine how lucrative this industry is.

Li Yan: "Too bloated."

He paused for a moment, organized his language, and answered as concisely as possible: "Morningstar has invested in many industries and involved many aspects. Now it looks huge, but it is actually too bloated. Many industries have become obstacles to its progress because there are too many negative assets. .Morningstar was founded more than ten years ago, leaving a lot of non-performing assets on the books, and the debt basically exceeds 70%. Once a problem occurs, it will immediately fall apart."

In 98, there will be a financial tsunami sweeping the world.

As a venture capital giant, Morningstar may not be able to escape. Those seemingly profitable companies will drag down Morningstar Capital because they cannot survive the financial tsunami.

The so-called non-performing assets are the funds that enterprises have lent but failed to recover, and this part has become a bad debt.There is also a debt situation. Basically all companies will have a debt situation. As long as it is maintained at 40%-60%, it is considered profitable.

100% or more than 100% of indebted companies will face bankruptcy and liquidation. The debt of those abandoned companies has exceeded 70%, which is already a dangerous value. When the financial tsunami comes, it will directly go bankrupt and affect Morningstar Capital.

As for real estate...

"What I abandoned was just some companies with many unfinished projects."

Luo Bai: "So, whoever buys Xingyao will be unlucky?"

Li Yan: "It should be. If you are smarter, you can restructure assets earlier to avoid the embarrassment of bankruptcy."

He was kind enough not to throw stones into the soil while burying it.

Luo Bai: "..."

The pit dug makes people jump into it, and the people who jump down are complacent and think they have taken advantage of it.

Baby Li, it looks like it's too dark.

Li Yan glanced at the Buddhist beads on Luo Bai's wrist: "My Buddha is merciful."

After being influenced by Buddha for many years, I really became kind.

Li Yan bowed his head, carefully chewing the Buddhist scriptures that guide people to be good.He finds it particularly useful, and feels that he has become a kind person.