"Mr. Zhang, if the management of Jincheng Consumer Finance is handed over to you, there must be a time limit, right?
In addition, what is the expected business volume? How will the work be carried out? You need to get a charter for this!"
Li Jie's mind was running very fast. It was not that he couldn't see the various benefits that Ruixiang's investment could bring, but he just had to consider how to maximize the benefits.
By handing over the position of major shareholder, even if Jincheng Consumer Finance achieves outstanding results in the future, Chengdu Bank will only receive good financial returns.
If Chengdu Bank continues to hold the position of major shareholder and Jincheng Consumer Finance develops, Li Jie will be considered a good leader!
If another management right transfer period is proposed, it could be three years or six years.
When the deadline is up, Ruixiang will return the management rights to Chengdu Bank.
It has to be said that Li Jie's abacus was quite good. He not only won over Rui Xiang as an ally, but also maximized the share of the fruits of future victory.
As for giving up his position as the major shareholder, Li Jie is absolutely impossible to give up.
In order to obtain the consumer finance license, how many connections did their Chengdu Bank go through?
It is absolutely impossible for Rui Xiang to take away the majority shareholder's seat just by saying a few words lightly.
Although he knew that if Ruixiang became the major shareholder, he might be more interested in Jincheng Consumer Finance and even allow Jincheng Consumer Finance to develop better, he was just unwilling to give up his position as the largest shareholder.
Zhang Yida knew a little bit about these leaders, Xiao Jiujiu.
In the past, the development of Jincheng Consumer Finance has been tepid, so no Internet or mutual finance giants have approached them to talk about investing in shares?
That definitely exists. Not only Ruixiang, but also all Internet companies that want to lend money are eyeing the gold medal license.
But Chengdu Bank clung to the equity and refused to let go, so naturally they chose other consumer finance institutions to cooperate.
For example, Ali chose Bao Yin, Qiandu chose Ha Yin, Ctrip chose Shang Cheng, 360 chose Shanxi Merchant...
In the end, Jincheng Consumer Finance, forced by competitive pressure, announced that it would introduce 2-3 powerful shareholders with Internet or financial operation backgrounds.
Then Chow Tai Fook, Haoze Water Purifier, and Uxin Used Car became shareholders...
Zhang Yida was convinced when he thought of these ridiculous operations. Jincheng Xiaojin was not tortured to death by them all because of the consumer finance license that allows him to obtain funds from banks and other institutions at low cost.
Zhang Yida knew that these bureaucrats would not hand over the position of the largest shareholder easily, so he gave another option of management rights.
Don't let me be the major shareholder. The company will let me take the helm and lead you to make money together. Let's go to the head office!
Sure enough, Li Jie, the chairman of Chengdu Bank, chose to hand over the management rights of the company instead of giving up the largest shareholder.
Zhang Yida guessed that he planned to follow Rui Xiang and make money.
This is good, without the constraints of Chengdu Bank, Ruixiang's goal can be considered achieved.
However, when Li Jie said that he had given a deadline for management, Zhang Yida knew that he had laid a foreshadowing. If the company developed well in the future, it would be necessary to seize control of the company.
"Six years, maybe. The board of directors will be reorganized again after two terms." Zhang Yida said calmly.
The Company Law stipulates that the board of directors shall be re-elected once every three years. The term of office of a company director is three years. After three years, the company shall hold a board meeting to re-elect new directors.
Zhang Yida thought that being able to serve as chairman for two consecutive terms was enough to take control of the overall situation.
Li Jie shook his head, "Six years is a bit too long. I think every three years is more appropriate."
"Three years is enough, but Ruixiang wants all the management rights, including personnel appointments and dismissals, financial management, etc.
Of course, Hong Leong Group and Chengdu Bank can also send directors and financial advisors to supervise the company's finances."
Zhang Yida took all the rights of the major shareholder of Chengdu Bank in one fell swoop. Li Jie thought for a while and nodded in agreement. Jincheng Consumer Finance has been developing for six years, so waiting for another three years is nothing.
He asked again: "Then how will the next work unfold? Mr. Zhang must give me some reassurance regarding the development plan for the next three years."
"Last year, Jincheng Consumer Finance's loan disbursement scale was 1.5396 billion yuan, and its net profit was 74.5 million yuan. Three years later, I increased these two indicators six times."
Zhang Yida said very confidently that he would have the confidence to do it not to mention 6 times, but 10 times. However, he should not talk too much, and he had to leave some way out for himself.
Wang Fei, the chairman of Jincheng Consumer Finance, looked at his supervisor Li Jie who looked moved, and secretly complained in his heart.
When Chengdu Bank hands over its corporate management rights, what arrangements will be made for him as the chairman of the subsidiary? Zhang Yida will definitely not be able to accommodate him, and the position of chairman of Jincheng Consumer Finance will definitely need to be replaced.
This is nothing, he also serves as the president of Chengdu Bank, which is his main position, and the chairman of consumer finance is only a temporary position.
The main thing is that Jincheng Consumer Finance has a large number of his cronies. If Ruixiang takes power, can they accommodate these people?
Wang Fei kept winking at Li Jie, who acted as if he hadn't seen him.
In fact, Li Jie saw these little tricks made by Wang Fei. The reason why he turned a blind eye was because he was very angry. At this moment of "sacrifice the small self to fulfill the greater self", how could he, a subordinate, not understand clearly?
Ruixiang's investment is definitely a good thing as long as it does not threaten Chengdu Bank's largest shareholder.
Your superior's attitude is so clear, why do you, a subordinate, want to go against the grain?
"good!"
Li Jie agreed immediately. He liked Zhang Yida, a cheerful person, and asked again: "Then what happened?"
"If one of the two indicators is not achieved, the management rights will be returned to Chengdu Bank, and we will step aside to make way for others."
Li Jie was very satisfied with Zhang Yida's words. He not only retained his position as a major shareholder, but also obtained Zhang Yida's performance commitment. It was a good plan for Chengdu Bank.
"What if under Ruixiang's leadership, Jincheng Consumer Finance achieves the goal of 6 times its three-year target? Management rights should continue to be handed over to Ruixiang!"
Lan Lan's words made Li Jie a little embarrassed. He laughed, "It's too early to talk about this now! It's better to wait until Ruixiang has made some achievements, and it's not too late for us to talk about this."
"Yes, Director Li is right. Let's discuss this topic later! Let's just focus on the current matters today."
Zhang Yida knew that he could not force Chengdu Bank to go too far, and they were blinded when they refused to invest in Ruixiang.
You have to eat your food one bite at a time. Let’s buy shares today to open a hole, and then figure out the rest later.
Seeing that Zhang Yida had expressed his stance, Lan Lan stopped asking further questions. She began to discuss the details of increasing capital and stock ownership and reorganizing the company's board of directors with a group of company executives who were present at Jincheng Consumer Finance and Chengdu Bank.
The valuation of Jincheng Consumer Finance is calculated based on the registered capital of 320 million. Regarding this, the two major shareholders of Malaysia's Hong Leong Group and Chengdu Bank have no objections.
Because the company's net assets are only over 300 million, excluding some of the bad debts it holds as mortgage properties, it may be true that the assets will shrink even more.
Ruixiang Yifang’s proposal is to directly increase the capital of Jincheng Consumer Finance to 1 billion yuan. Ruixiang will invest 350 million yuan, occupying 35% of the shares; Chengdu Bank will additionally subscribe for 196.8 million capital, occupying 36% of the shares; Hong Leong Group will additionally subscribe for 36% of the shares.
Paid 133.2 million capital, occupying 29% of the shares.
The three parties combined to add 680 million yuan in capital to Jincheng Consumer Finance, and at the same time increase the registered capital. Calculated with 10 times leverage, they can maintain a loan balance of up to 10 billion yuan to be collected.
However, for Ruixiang to acquire a stake in Jincheng Consumer Finance, it is not enough to just reach an agreement with shareholders, but also to submit the shareholding plan to the China Banking Regulatory Commission for approval.
Therefore, the reorganization of the board of directors must be delayed until the share purchase is approved before the next step can be taken.
In addition to Jincheng Consumer Finance's equity investment, Zhang Yida also discussed with Li Jie the financial cooperation between Yimin Online Finance, Yimin Dai and Chengdu Bank.
Compared with Ruixiang, which mainly relies on institutional funds for lending, the main source of funds for Zhang Yida's two companies is P2P lenders, and the cost of funds is very high.
Li Jie was a little moved when he heard that Zhang Yida asked the financing guarantee company to provide guarantee and pay the cooperation deposit.
Local banks like Chengdu Bank can't even issue a few credit cards, and the bank's retail business is almost non-existent.
This is also the current situation of rural commercial banks and urban banks in various places. Loans are mainly issued to large local group companies, and state-owned enterprises are the best.
Small and micro loans, individual loans, and some house mortgages, mortgages, factory mortgages, and other unsecured credit businesses are rarely carried out.
It is hard and tiring, and it is still difficult to meet the loan quota. How can a loan of tens or hundreds of millions to a large group company come quickly and steadily?
Yimin Wangjin is not an unknown small company. As the first Internet financial company in China to enter the capital market, it is extremely well-known in the country and has a market value of tens of billions of yuan.
Li Jie is still very interested in conducting joint financial cooperation with this kind of company.
Although he had never heard of Yimin Loan, he guessed that with Zhang Yida's support, it wouldn't be too bad.
So Li Jie readily agreed to cooperate and said that he would let the two companies discuss the details.
…
After the negotiation, Li Jie talked with Wang Fei alone.
"Why are you looking so sad?" Li Jie asked Wang Fei.
"I just think it's too generous for us to hand over the management power to Ruixiang so easily."
Li Jie smiled and said, "It's not as simple as you think. Although the city government didn't say hello specifically, at this time of attracting investment, if we have any trouble with Ruixiang, the city government will inevitably treat us.
Somewhat dissatisfied.”
"But Ruixiang is too strong. The second largest shareholder will completely take over the management rights of Jincheng Consumer Finance. Why does it take us, Chengdu Bank, seriously?"
Li Jie thought for a while and said: "When a young man succeeds, it is inevitable that there will be some arrogance. They have asked Feng Leong Group to send messages several times, and I basically understand their thoughts.
If they can't get management rights, they may give up their investment."
"If you give up, just give up!" Wang Fei added, "I think their dash-and-drag style of play is very dangerous. The foundation is not solid. If something goes wrong, it will be a big deal."
"Okay!" Li Jie waved his hand, knowing that his subordinates were dissatisfied with Ruixiang's strong investment, and persuaded:
"Let Ruixiang take charge of it for three years! It has developed well and Chengdu Bank has also benefited. This is also a solid political achievement.
If the development is not good, we will just take over the management."
"I'm afraid that I won't be able to take back the management rights in the future! Hong Leong Group seems to have a very good relationship with Ruixiang. If they support Ruixiang, we, Chengdu Bank, will be in the minority."
Li Jie nodded, "That's true! Just take it one step at a time!"
Li Jie still had something he didn't say: It's hard to say whether I will still be in office in three years' time, so why do I care so much?
Li Jie took a deep look at Wang Fei. After he was promoted, Wang Fei might be the one who took over. Then he would have a headache in three years.
You can’t blame yourself for this. Who hasn’t taken over the big hole left by the previous one?
When Wang Fei saw that Li Jie was determined to come in, he stopped trying to dissuade him and started thinking about how to arrange for his close subordinates.
As for whether the China Banking Regulatory Commission will approve Ruixiang's shareholding plan? Neither party has doubts. After all, Ruixiang's shareholders from the four major banks are not just decorations.