The two company founders, Hu Gang and Wang Xiaojie, began to talk about the current situation of the company.
"What's the attitude of the China Securities Regulatory Commission?"
"We have been targeted and an investigation is underway."
"Who would do such stupid things when they are full and have nothing to do?"
"I'm still too anxious, and I'm driving the leeks crazy!"
…
Hu Gang waved his hand, "Let's not talk about it anymore. The end of the hand was handled very cleanly. No matter how much I checked, I couldn't find any problems."
He looked at Wang Xiaojie and asked, "How's it going with the bank?"
Wang Xiaojie smiled bitterly, shook his head and said, "Our debt ratio is too high, over 70%. In addition, the goodwill generated by mergers and acquisitions is too much, and we do not meet the loan conditions."
"As a dog says, we usually call each other brothers and sisters, but at critical moments, we can't even fart."
When he got angry, Hu Gang cursed directly in Sichuan dialect.
Wang Xiaojie tried to comfort him loudly: "These people are unreliable. They are just the icing on the cake. How can they provide help in times of need."
Hu Gang nodded. He was so anxious that he lost his sense of proportion.
After so many years of ups and downs in the officialdom and business world, the essence of many friendships has long been seen through.
This group of people usually took advantage of his filial piety, but when they saw that Handing Group was in trouble, they all stayed away from him. The world is really in trouble!
"What are the total liabilities and short-term liabilities of the group now?"
Wang Xiaojie accurately reported the figures: "Total liabilities are 67.385 billion yuan, and short-term liabilities are 38.16 billion yuan."
Upon hearing this number, Hu Gang closed his eyes and sighed: "How is the layoff going?"
"From 3,869 people, there are only 2,893 people left. In recent months, almost thousands of people have been laid off."
Hu Gang opened his eyes with a ruthless expression, "Speed up the speed, optimize all departments that are not performing well, and carry out a major reduction in weight."
Wang Xiaojie knew that he could not hesitate at this critical moment and did not object. He nodded and said that he would speed up the layoffs.
"If the short-term debt of nearly 40 billion yuan is not resolved, there will always be a Sword of Damocles hanging over our head."
Wang Xiaojie's eyes flashed with determination, "I suggest selling some of your assets."
"Sell assets~"
Hu Gang tapped his fingers on the table with a hesitant look on his face. Handing Group, a behemoth with a total assets of 100 billion, was created by him alone.
Although the debt ratio is a bit high, the net assets are more than 20 billion.
He believes that once this difficult period is over and the newly acquired assets begin to have self-hematopoietic functions, Handing Group will definitely reach a great level.
"Why are you still hesitating? This is the time when a strong man cuts off his wrist. If you continue to hesitate, many assets will depreciate, and the debt rope will become tighter and tighter."
Wang Xiaojie shouted, "We need cash now, a lot of cash!
As long as you survive this difficult period, you can buy it back in the future."
Wang Xiaojie's scolding woke Hu Gang out of his dream of a billion-dollar financial empire. After all, someone who had been the director of the China Securities Regulatory Commission still had some experience.
Hu Gang nodded, "You're right, keep the green hills and don't worry about running out of firewood.
Insurance and PE are core businesses. Apart from these two, everything else can be sold."
After five years of rapid development, Handing Group owns multiple business sectors and financial licenses such as public funds, securities, real estate, private equity investment, insurance, and futures.
The most core ones are Fortis Insurance and private equity investment, which together account for more than 80% of Handing Group's assets.
After the two reached a consensus, they began to discuss which assets to sell and to whom.
"Both securities and public funds were sold to Zhang Yida?"
Wang Xiaojie felt a little uncomfortable. This little fellow had completely ignored them since his wings became stiff.
Whether it's borrowing money, inviting investment, or even selling loan money, they have never looked down upon them.
Hu Gang noticed Wang Xiaojie's dissatisfaction and explained: "At that time, the shareholding agreement stated that both we and Ruixiang had the priority to repurchase the other party's share of the equity.
Another thing is that there are currently very few companies that can allocate tens or tens of billions of funds at once.
If Ruixiang is rich, Zhang Yida will definitely be tempted this time. He has been thinking about securities and public funds for more than a day or two."
"good!"
Wang Xiaojie is no longer a young man, he knows how to not mix personal preferences into his work.
As long as Ruixiang can afford the price, there's no problem in selling to them.
…
"Brothers, long time no see!"
At a golf club in Beijing, Zhang Yida met two brothers, Hu and Wang, who invited him to play golf.
"Yida, when will Ruixiang go public? I also used my private money to buy some stocks."
Zhang Yida looked at Hu Gang, who was laughing and joking, and seemed not to notice the pressure of being burdened with huge debts at all.
As expected of a private equity tycoon, his mental strength is far beyond that of ordinary people.
"It's still early for the market to be launched, and it needs to be slowed down."
Wang Xiaojie smiled and said: "Still waiting? I heard that Magnesium Group has plans to go public. The market this year is not bad, but it is a good time to go public.
If you miss it, you don’t know how long you have to wait.”
Zhang Yida smiled and said nothing. Wang Xiaojie's words made some sense, but he also had his own arrangements, and it was not convenient to reveal the specific arrangements.
After coming to the golf course and playing a few rounds, Hu Gang began to talk about the recent difficulties that Handing Group has encountered.
Zhang Yida understood all these situations and did not interrupt, but listened quietly with his golf club in his hand.
"Brother Yida, let me tell you directly, I want to sell you the shares of Hantai Fund and Hanzhou Securities."
Hu Gang smiled and said, "I also told my brother about Handing Group's plight. Don't you want to hit me Qiu Feng?"
Zhang Yida waved his hand, "Brother Gang, what you said is serious. Everything should be done according to the market price!"
This is not out of kindness, but Hu Gang and Wang Xiaojie are not ordinary people. The broken ship of Handing Group can still hold on and will not sink for a while.
In addition, securities and fund licenses are also hot commodities in the market, and there is no shortage of fans.
Zhang Yida did not want to force the two of them too much, and at the same time he would not be taken advantage of. The deal was done at a reasonable price, and no one suffered a loss.
After the matter was settled, Wang Xiaojie interjected: "Yida Brothers, are you interested in futures, payment, and insurance brokerage licenses?
If you like it, let me know and I will give it to you."
Zhang Yida thought. He already had a payment license and an insurance brokerage license, but he was missing one for futures.
Futures business relies heavily on securities or trust companies for diversion, and the business scale is generally small.
After thinking for a while, Zhang Yida replied: "If the two brothers are willing to give up the futures license, we can also take it!"
Hu Gang looked calm on his face, but he was very helpless in his heart. These were the financial licenses that he had spent several years working hard to collect, and now they were all cheaper than Zhang Yida.
Who in the financial field does not have a dream of a financial holding empire?
After making up his mind, he no longer regretted it, and promoted Zhang Yida to a large number of unlisted company equity and A-share listed company equity, and even real estate and communication equipment industries.
Handing Group's current business is very complex, with many industries involved.
However, Zhang Yida was not interested in these industries at all and politely declined them all.
Hu Gang was very knowledgeable and saw that Zhang Yida was really not interested, so he stopped trying hard to sell.
After selling the equity of three companies, Handing Group can breathe a little easier.
After reaching a consensus, Zhang Yida played ball with the two men for a while.
After declining the dinner invitation from the two of them, Zhang Yida returned to the company, notified a group of senior executives of Ruixiang Group to hold a meeting, and also held a remote video conference with shareholders.
At the meeting, Zhang Yida announced the resolution to acquire the remaining 51% shares of Hantai Fund and Hanzhou Securities, and 100% of the shares of Hanzhou Futures.
This resolution was supported by all executives and shareholders, because after this acquisition, the prototype of Ruixiang Group's large financial holding company was completely formed.
Banking, securities, public funds, insurance, payment, insurance brokerage, insurance agency, fund sales, futures, Internet small loans, consumer finance, credit reporting, commercial factoring, financing guarantee... a total of more than a dozen financial licenses.
In addition to the mainstream financial license of trust, as well as niche pawns, financial leasing, automobile finance, currency brokerage, finance companies, and AMC non-performing asset management, other financial licenses are available.
Restricted by some policies and regulations, some financial licenses are only for equity participation and are not the largest shareholders.
For example, Xingwang Bank.
However, the bank wealth management products launched by Xingwang Bank sell very well in investment, financing and foreign exchange, and at the same time, these funds are provided for use, loans and loans.
The basic purpose of Ruixiang's investment in Xingwang Bank has been achieved.
The next day, Ruixiang's due diligence team began to station at Hantai Fund, Hanzhou Securities, and Hanzhou Futures.
These three are all financial companies. Compared with Internet companies, valuation is much easier.
In addition to looking at the net assets, the evaluation should also be compared with the transaction prices of similar financial licenses on the market.
The due diligence cannot be completed overnight and is expected to take place after the New Year.
Zhang Yida focused his attention on the game "Army Attack".
After the failure of Stimulating Battlefield, Penguin's Tianmei Studio launched a similar type of chicken game "Army Attack".
Having learned from the previous failure, Penguin has made major game changes and optimizations.
The most outrageous thing is that Penguin has actually launched all the skins, and you will get them when you register for the game, and you will get them when you invite friends.
Zhang Yida knew that Penguin was trying his best and gave away all his gold-earning ultimate moves for free.
This shows that the Penguins are almost at the end of their game. Facing the aggressive PlayerUnknown's Battlegrounds, they must make a comeback and defend their position as the top player in the game.