A hedge fund has negotiated a cooperation with Merrill Lynch and will obtain Merrill Lynch's investment rights in Bank of China at a price of 120%.
In other words, with the signing of a contract with Royal Bank of Scotland, Merrill Lynch easily obtained 20% of the profits as soon as it changed hands, without having to provide business cooperation with Bank of China or paying a large sum of money.
As for Bank of China, what does that have to do with it?
It is a contract signed with the Royal Bank of Scotland. As long as the funds are provided normally, whether you invest it yourself or go out for distribution, everything will comply with the procedures.
In the same way, the same is true for the Lijiacheng Foundation.
Neither of these two third parties has any obligation to conduct business cooperation with Bank of China.
Therefore, the most critical link is that there is a problem with the contract signed between Bank of China and Royal Bank of Scotland. Perhaps it is because the scale of funds considered by Bank of China for strategic investment is relatively large, and there is no strict restriction on the direction of fundraising by Royal Bank of Scotland.
Or perhaps, it is because Bank of China lacks experience, after all, it has just undergone shareholding reform.
No matter what, as long as Goldman Sachs succeeds in driving hedge funds into the market, it will be easier to convince regulatory authorities.
Now, the next move is more obvious.
Merrill Lynch has reached a cooperation with a hedge fund to sell half of the acquisition rights, and the remaining half will not be far away.
As long as they sign a contract, media exposure will definitely follow.
None of this has anything to do with Goldman Sachs. Instead, it is an enthusiastic person who provides better solutions for Bank of China.
As for Fang Zhuo and MIGA Fund, they have nothing to do with each other. They are just another insignificant enthusiast who can not only help the Bank of China eliminate insincere collaborators, but also help the Bank of China check and balance the entry of Goldman Sachs.
If we look at it from a higher perspective, the perfect external cooperation and stable execution of the two major banks may not be a model for many domestic banks to go public in this wave.
Fang Zhuo felt that he had to speed up raising funds to invest in Bank of China, and Paulson was more efficient than he thought.
On October 3rd, the two-day holiday came and went in a blink of an eye, and all the executives responsible for different business groups of Tesco arrived in Beijing.
Everyone is a little surprised that the boss has suddenly changed his office location from Shanghai to Beijing. Their unspoken guess is that Gome's headquarters is here, and Mr. Fang's Double Eleven promotion is to eat away at the number one share in the industry.
Coupled with the suspected personal grudges, it is not surprising that he is sitting in the enemy's headquarters.
Business group executives report on work progress, mainly in three aspects.
The first is Tesco’s product selection discounts, which mainly focus on electrical appliances. This aspect requires communication with major brands. After all, Tesco’s market share is not high and its voice is not high.
The second is Tesco’s marketing activities, including Internet promotion and traditional offline advertising.
The third is to use the stores of Suning, Five Star, Yongle, and the original Dazhong Electric Appliances to allocate orders and deliver products to your doorstep in conjunction with the e-shopping flow.
There was a lot of work to do, and the progress presented to Fang Zhuo seemed quite hasty.
This is unavoidable for the first time of a promotional event, but it is also a good team building process.
There are still one month and one week before Double Eleven, and time is already quite tight. However, in addition to the busy work schedule, Fang Zhuo observed that everyone is still gearing up.
The boss of the competitor is still out of touch, and we have joined forces with several peers, and the boss is full of tricks... No matter how good the prospects are, as a latecomer who challenges the seniors, there is nothing to be afraid of.
Fang Zhuo was very happy to see this sentiment come to fruition.
The meeting lasted very late that night. Just when the meeting was about to end, he received a call from President Yu Da, co-founder of Yike.
"What's going on over there?" She said very seriously when she came up.
"What's going on? We just finished the meeting, what's going on?" Fang Zhuo was confused.
"Why did Weiwei sell stocks?" Yu Hong asked.
"Need funds." Fang Zhuo said concisely and pointedly with his eyes to indicate to the executives that they can leave. Those who want to eat late-night snacks can eat late-night snacks, and those who want to rest can go to rest. Gu Wei
"Does Yigou still need money? Or does your property need it?" Yu Hong asked.
Fang Zhuo waited for a few seconds, and when he was alone in the conference room, he complained: "The investment bank needs funds, and you are so angry as if I cheated Weiwei of money."
"You have to ask her to pay attention." Yu Hong hummed, thinking about calling her, she also reported on Yike's European and American markets.
Fang Zhuo listened for a while. In fact, he reviewed the weekly reports from the European and American markets every week, so he knew the situation quite well.
"Mr. Fang, do you have anything else to give me?" Yu Hong asked at the end of her report.
"I'm very satisfied with Mr. Yu's work. I just want to remind you to take a rest and take a normal vacation." Fang Zhuo thought for a while and took Sina as an example. "Yesterday, Mr. Wang Yanwang from Sina called me..."
"I've only been to Sina once in these days in Beijing. He seemed to have heard yesterday that I was attending Sohu's internal social gathering, so he called me specifically. He said that he occasionally heard a saying circulated within Sina, saying, 'Just I know there is a way, but I don’t know the way.”
"I told Mr. Wang that this is a good thing. He has the majesty of being an EO, and I have also achieved the delegation of authority that I promised before. Sina's mature system proves that I don't need to intervene more."
"Mr. Yu, the same goes for Yike's US market framework. As long as it is set up correctly, you don't have to be so busy."
Fang Zhuo advised.
After hearing these words, Yu Hong only asked: "It's past 11 o'clock at night in China right? Are you busy from morning to night every day?"
Fang Zhuo felt that he might not be able to lead by example in this matter.
He could only explain: "We are different. When I get tired of working on E-commerce, I switch to investment banking. If I get tired again, I think of Sina and Yike. This is to change my mind and take a rest."
Yu Hong praised: "Mr. Fang really developed good study habits in school."
"Mr. Yu's transformation into a co-founder is different. He is full of confidence. I got it, let's do it. There are two incoming calls on the other phone." Fang Zhuo fiddled with his phone, and the two calls in succession were from Zhang Chaoyang.
But it's so late, so it doesn't look like a serious matter.
Yu Lianhe ended the call. She was busier than before, but also more happy.
Fang Zhuo put down his cell phone and picked up the other one to call back: "Hey, Mr. Zhang, what's going on?"
"I thought of the title of my book." Zhang Chaoyang's tone was both casual and serious, "It's called "Zhang Chaoyang's Chaoyang Life", Mr. Fang, what do you think?"
Fang Zhuo pondered for a moment, and realized that this manager is really not tired of working in the company.
He continued his last suggestion: "Let's call it "Zhang Chaoyang's Half Life in the Morning". I always feel that Mr. Zhang should not rush to make a final decision. I will condense my thoughts after reading it into recommendations and send it to your email in the next two days."
Zhang Chaoyang was very happy, drank another glass of wine, and said: "Mr. Fang, you can also write, this is popular now."
"Yeah." Fang Zhuo said perfunctorily, "When I have time, I will write "Fang Zhuo's Excellent Life" later."
"Why don't you use 'half life'?" Zhang Chaoyang questioned.
"Because I only have two choices, excellence or better." Fang Zhuo said with emotion, "It's really difficult to pursue more excellence. You have to work hard to look up from the same standard."
Zhang Chaoyang said: "Mr. Fang, your book will definitely sell well. Everyone likes your style."
"Thank you, Mr. Zhang, for the compliment. I'd like to toast you." Fang Zhuo picked up the water glass, touched it with his cell phone, and made a sound for the other party to hear.
Zhang Chaoyang drank a glass of wine from the air and became even more drunk.
"That's it, Mr. Zhang, I may leave Beijing at the end of the month. Before that, I invite you to come to Sina to talk about the development of the Internet." Fang Zhuo sent an additional invitation, not minding the other party's status as a competitor.
"Okay, no problem." Zhang Chaoyang agreed immediately. He was so drunk that he couldn't even think of the competition between Sina and Sohu.
This chapter has been completed!