After the two left the Indonesian office of Standard Chartered Bank, Huang Hongnian comforted Zhang Yida, "Don't be discouraged! Winster is just asking for a high price!"
Zhang Yida nodded, "The offer of US$2.7 billion is indeed too high! I can still accept it within US$2 billion."
Huang Hongnian shook his head violently, "I think US$2 billion is too high. For a price-earnings ratio of 5 times, US$1.35 billion is more appropriate.
Indonesia's credit reporting system is very imperfect, and bank performance fluctuates greatly.
The non-performing loan ratio of China's banking industry is only a few percent, while the non-performing loan ratio of Indonesia's banking industry is 2-3 times this number.
The P/E ratio of many banks in China has been fluctuating between 4 and 6 times for a long time. Indonesian banks are so bad, why do they require a P/E ratio of 10 times?"
Zhang Yida felt a little funny when he heard the 68-year-old man complaining righteously next to him.
But they have good intentions and are so enthusiastic about helping me.
But there is no such thing as a free lunch. Zhang Yida was thinking, how should he thank Huang Hongnian for making things happen?
In terms of money, he still has a net worth of one to two billion U.S. dollars. It seems that I can only give him some gifts that he likes.
"Where shall we go next?"
Huang Hongnian smiled and said: "Jihe Group!"
"Who started out selling opium?"
Huang Hongnian nodded and said with emotion: "Yes, that's right, it's them. The old name of Jardine Matheson is Jardine & Co., which was founded in Guangzhou, China in 1832.
From the beginning, it has been engaged in the opium and tea trade.
When Lin Zexu implemented the smoking ban in 1839, William Jardine, also the founder of Jardine, personally lobbied the British government in London to go to war with the Manchu Qing Dynasty, and also advocated acquiring Hong Kong from the Qing Dynasty as a trading base.
After the First Opium War, Yihe slowly began to prosper.
In addition to the opium trade, it also began to engage in diversified development, investing in the construction of railways, shipyards, various factories, mining, shipping, banking and other industries in mainland China and Hong Kong.
They enjoyed prosperity for two centuries until 1949, when most of their assets and businesses in mainland China were nationalized by our party."
Speaking of this, Huang Hongnian suddenly burst out laughing, "If our party hadn't gotten rid of this leech lying on the Chinese people and sucking blood, maybe even a company with a market value of trillions of dollars would not even know about it."
"Even if the mainland business is gone, relying on Hong Kong's business and early accumulation, it has become one of the world's top 500 companies!"
"yes!"
Huang Hongnian shook his head and sighed, "Land Group, Dairy Farm International, Mandarin Oriental Hotel Group, Jardine Pacific, Jardine Motors...many well-known companies are under their control.
By the way, they also own the Renfu Benz 4S chain store in mainland China. They are also the largest shareholder of Yonghui Supermarket. Zhongsheng Automobile Group also has a stake in it. 711, Pizza Hut, and IKEA also have some relationship with them, either through joint ventures or agency licensing.
Jardine Matheson Group ranked 277th in the Fortune Global 500 last year, employing 400,000 employees and generating revenue of nearly US$40 billion.
However, William Jardine did too many immoral things. He had no children in his life, and all his family property was used for his sister's son, who was his nephew.
Today, Henry Keswick, chairman of the board of directors of Jardine Matheson Group, is his nephew’s great-grandson.”
On the way to the airport, Zhang Yida and Huang Hongnian rode in the same car and continued to chat about Jardine Matheson Group.
"There are two founders of Jardine Matheson Group. In addition to William Jardine, there is also one named James Mathison."
Huang Hongnian continued: "This descendant of Matthias is also very remarkable. His nephew founded the Rio Tinto Group."
"Fuck, the mining one?" Zhang Yida asked in surprise.
Huang Hongnian didn't speak, only nodded slightly.
"Another Fortune 500 company with annual revenue exceeding US$40 billion. It is one of the three largest mining giants in the world and one of the largest iron ore suppliers in the world."
Zhang Yida said angrily: "Why are all the ancestral graves emitting smoke? Did they find a Feng Shui master to choose a Feng Shui treasure land for them when they came to China to sell opium?"
Huang Hongnian laughed loudly, "It's not that mysterious! In the final analysis, the wealth accumulated by selling opium is strong enough, and future generations can live up to their expectations."
"Rio Tinto's main iron ore mines are all in Australia. In the past few years, they have collaborated with commercial espionage to deceive domestic steel companies!"
Speaking of this, Huang Hongnian was also very angry and directly cursed: "The stupid pig is in power and has been killed alive for more than 700 billion!
If the great leader is still there, even shooting these people ten times will not be enough!"
Zhang Yida spread his hands and expressed his helplessness. The Rio Tinto case was a big deal. Steel employees were bribed, and the iron ore demand situation of the steel company was clearly understood by the international mining giants headed by Rio Tinto.
Even if Rio Tinto says it wants to raise your price, you can't even resist.
But the fact is that China Steel Corporation has no say in negotiations and is led by the nose every time. It is not known whether the wasted money has been passed on to housing prices.
Because the demand for steel in the real estate industry is still very large, a lot of steel is used in building houses.
In addition to purchasing internal personnel from Chinese steel production units and sending internal personnel from the company to all steel plants for investigation.
Rio Tinto has also "poached" high-paying "talents" such as government public relations personnel, Chinese steel experts, and Chinese mining experts from major steel mills and government departments across the country.
These people know Chinese steel companies very well and are very familiar with personnel from relevant steel companies and government departments.
This method is similar to that of compradors more than a hundred years ago.
However, we don't seem to have made much progress or precautions.
In addition to these fancy methods, mining giants often release:
Heavy rain forced the closure of iron ore mines, halted iron ore trains, and halted terminal operations;
Australian mines have been hit by floods, ports have been affected, mines have been forced to reduce production, and other smoke bombs.
If that doesn't work, use the last resort to "cut off the confession"!
If you don't buy it, I will sell the ore originally intended for you to other countries.
The reality is so cruel. Who told our country to lack these natural resources?
Your ancestors didn’t leave you any colonies, but there were quite a lot of messes.
"I said, Uncle Huang, you are already old, but you are more excited when you hear this than a young man like me."
Huang Hongnian cursed and said: "How can I not be excited! Although I am not Chinese, I always regard myself as Chinese in my heart.
Any Chinese would probably not be able to bear hearing this kind of thing.
The most irritating thing is the few Australian Chinese employees at Rio Tinto.”
Zhang Yida nodded in agreement, and also cursed: "Hu Shitai, this is a shame for our Peking University and a shame for the Department of History.
I'm also a bit unlucky, not only are we in the same university, but also in the same department."
"Now the richest man Feng Lun and Wang in mainland China have gone to meet Henry Keswick, the chairman of Jardine Matheson Group. It makes me sick to think about it.
He also wrote an article to clear the ground for these descendants of drug traffickers, talking about entrepreneurship! Bah, you are forgetting your ancestors after counting!"
Huang Hongnian completely opened up his chatterbox and turned on the trolling mode.
Zhang Yida smiled and said: "Yes! It has been more than a hundred years since the Qing Dynasty was destroyed, and the braids in my heart have not been cut off yet."
"Hey, by the way, shouldn't Atela's shares be in the hands of the Xie Jianlong family?" Zhang Yida remembered that the Xie family seemed to be a top chaebol.
Huang Hongnian shook his head, "You don't understand many things! Just listen to me and explain this to you slowly!"
Xie Jianlong was born in West Java, Indonesia in 1922. He is the seventh generation of Fujianese who settled in Indonesia.
After his parents died, at the age of 17, he took a bicycle inner tube and went to the capital Jakarta alone, where he made a living by repairing bicycles and buying used newspapers.
He earned his first 100,000 dong by developing his own small stove for tire repair and rubber baking, and then opened a small grocery store.
As a result, the grocery store was looted by the Japanese army in 1942, and others were imprisoned for half a year.
After surviving the war, he pieced together a small leather factory and built a small leather factory to process leather bags, leather shoes and other products. However, it closed down due to the lack of demand and the people's livelihood.
When he was 30 years old, when the situation was stable, he started doing import trade with his friends, but was plotted by his partners and lost the ownership of the company.
War, bankruptcy, betrayal... all the misfortunes a businessman least wants to face have happened to him.
However, he persevered and continued to work hard in the mall, but he never encountered any good opportunities.
It was not until 1967 that Indonesia launched comprehensive economic construction, and he seized a golden opportunity.
He won a five-year government vehicle supply contract, including trucks, vans, cars and tricycles, totaling more than 1.3 million vehicles.
This transaction brought a total profit of more than 200 million US dollars to his Astra Group and became the cornerstone of Xie's business empire.
In the late 1970s, Astra officially became Indonesia's largest car dealer, occupying 60% of the market share.
By 1991, Astra had become a huge business empire with more than 90 branches, 30,000 employees, and total assets of US$3.6 billion.
In addition, the Xie family also owns hundreds of other companies. In that year, Xie Jianlong became the fifth richest man in Southeast Asia with a personal wealth of US$1.5 billion."
Zhang Yida listened with great interest and commented: "These older generation founders of Southeast Asia's plutocratic families are indeed remarkable and have their own merits!"
"Yes! He is a romantic figure!"
Huang Hongnian echoed, and then continued: "But Atela's fault happened to his son Xie Hanshi!
After Xie Hanshi took over from his father, he once demonstrated his extraordinary talent in capital operation and financing ability.
After opening Soma Bank, it became one of the top ten private banks in Indonesia within two years and became a major financing channel for their family business.
Using Suma Bank as a capital pool, it continued to use high leverage to spawn a series of companies including insurance, securities, leasing, and investment.
By 1990, the Suma Group, which had only been established for two years, had more than 70 subsidiaries, and was on track to catch up with Astra.
For a time, Xie Hanshi's popularity even overshadowed that of his father Xie Jianlong, attracting attention from Indonesia's political and business circles.
But like me, he is not good at the specific management of enterprises.
Because money comes so easily, he is not so careful when spending money.
Land can often be bought for 2 million dong, but he bought it at double the price. He also lacked patience in project evaluation and bought a bunch of unprofitable assets.
Even if it is a good project, long-term considerations are not taken, and the talent and management cannot keep up.
In 1990, Indonesia started an economic crisis. After two years of irrational prosperity in private banks, bubbles began to appear.
The accumulating risks have alarmed the government, and it has stepped on the brakes and implemented financial austerity policies.
This series of changes caught Xie Hanshi off guard. The chain reaction caused the loans issued by Suma Bank to be delayed, while the huge foreign debts he owed matured one after another, and he was eventually insolvent and faced crisis.
At that time, Suma Group's non-performing assets and losses exceeded US$1 billion, and its liabilities exceeded US$800 million.
Faced with the situation that was out of control, Xie Jianlong finally stepped forward, spending about 360 million US dollars from Astra to rescue the company, and announced the sale of some of Suma's assets in exchange for funds.
But under the liquidity crisis, everyone is short of money and no one is willing to take over.
In order to keep Summa Bank, Xie Jianlong had to sell nearly 70% of his family's Astra shares, retaining only 8.2%.
But even so, Xie Jianlong was still unable to turn the tide.
Because someone was adding insult to injury and causing trouble secretly, the process of selling equity lasted for more than a month. When Xie Jianlong finally obtained liquidity, what awaited him was that Suma Bank's debt was overdue.
In the end, Suma Bank's business qualifications were revoked and it had to declare bankruptcy. The results of Xie Jianlong's years of hard work were also in vain.
Since then, although the Xie family has gradually grown by relying on industries other than Astra, it has become extremely difficult, even impossible, to regain its former glory after its vitality was severely damaged.
In 2010, 88-year-old Mr. Xie Jianlong ended his life with regrets."
Zhang Yida was very emotional after hearing this. I was cheated by my son. In order to save my son's property, I also put my own family wealth into it.
"People, you have to learn to recognize yourself!"
Huang Hongnian sighed: "After the industrial integration in mainland China and leaving a lot of chicken feathers, I knew that I was not the material to engage in industry.
So Sinar Mas Group gave me the eldest brother, so I should just do some speculation business honestly!
The loss is only for yourself, and you won’t harm the family!”
This is such a high level of ideological awareness!
Zhang Yida gave a thumbs-up gesture and said, "Mr. Huang, you are this one!"
"I tell you so many stories because you are young and now you are involved in the financial industry on a large scale. I would like to remind you: keep a clear mind at all times! Don't be blindly arrogant!"
Zhang Yida nodded heavily, these are lessons of blood and tears! He really has to study hard.
In this way, Zhang Yida and Huang Hongnian arrived at the airport laughing and yelling, and took the nearest flight to Hong Kong.