"When Muxiang Capital was established, it was said that its purpose was to isolate risks from Tianyue - if it comes to Muxiang and we still listen to my brother in everything, and we don't have any opinions, then we might as well just put Muxiang back.
In Tianyue's structure, don't talk about independent operations, risks are isolated!" Jiaying pouted when she saw everyone was targeting her.
"It seems to make sense?!"
Cao Mo looked at Qian Wenhan and Ding Zhaoqiang and said with a smile.
With the economic development in China, a considerable number of individuals and families have accumulated huge amounts of wealth and assets, which require more systematic and professional management.
When it comes to risk isolation, the main focus in China is to isolate financial and debt risks to avoid the unrestricted spread of debt chains within affiliated companies and prevent the huge wealth accumulated over the past few decades from collapsing overnight after a debt crisis.
The ruins of Jifei, not a penny is left.
In fact, there is another kind of risk that needs to be guarded against in wealth and asset management, and that is the risk of decision-making.
If Tianyue invests, the decision-making power of Muxiang Capital rests with him alone. The so-called financial isolation is actually very fragile and essentially cannot allow Tianyue Investment and Muxiang Capital to operate as two independent systems.
Most families in Europe and the United States manage family wealth in the form of foundations, and some even directly exclude family members from foundation management.
In addition to avoiding high inheritance taxes and preventing family wealth from being continuously divided and diluted due to the relationship between multiple heirs, this also has the purpose of preventing decision-making risks.
Cao Mo's original decision to have Muxiang Capital participate in the investment in Yunbo Entertainment, and this time to participate in the investment in Dongjiang Securities in the name of Muxiang Capital, were inappropriate from the perspective of isolating decision-making risks.
Seriously speaking, apart from allocating a certain amount of retained funds to Muxiang Capital on a regular basis, he should not be dictating the investment of these funds. The investments he intends to participate in must still be under the framework of Tianyue Investment.
executed below.
Only in this way can we talk about true risk isolation.
Cao Mo drank tea and thought for a while. When he saw Jiaying still pouting, he said: "I accept the criticism. From now on, I will no longer dictate matters at Muxiang Capital. I said it is up to you to make the decision."
It's up to you to make the decision - Tianyue will be directly involved in this investment in Dongjiang Securities. I won't get back the money you defrauded. Anyway, I will be responsible for allocating corresponding funds to the wooden elephant every year in the future.
That’s it!”
"You should have been aware of this a long time ago," Jiaying happily grabbed Cao Mo's arm and said, "But if we really want to build a manor-style B&B and acquire land for construction, 300 million seems a bit insufficient!"
"Didn't I say risk isolation? If I want to allocate additional money, it must be implemented within Tianyue's framework. If you want to make your own decisions, you must plan your investment according to Muxiang's own budget." Cao Mo
said.
"Sister Cheng Xi, the worst we can do is get a piece of land first, and then build it bit by bit. In two days, we won't be envious of him hiding in Africa alone to enjoy the blessings!" Jiaying let go of Cao Mo's hand and sat with Cheng Xi.
Come together.
"You build it first, and remember to leave a small building for me when the time comes," Qian Wenhan thought about the feeling of living in a large estate during his short stay in West Africa, and he yearned for it, so he asked Cao Jiaying,
Then he asked Ding Zhaoqiang, "Do you want to book a small building as well?"
"That's for sure. It would be too much trouble for us to do it ourselves." Ding Zhaoqiang said.
Qian Wenhan and Ding Zhaoqiang are both top rich people in China, and their residences can be said to be extremely luxurious.
For example, Cao Mo's house is located between Tianzifang and Qingtang River, which is quiet and elegant inside. Qian Wenhan also co-founded Jinhonghui very early, also for business meetings.
You can have your own place when taking a break.
However, when it comes to owning a large enough and relatively private manor in a beautiful place, in a country where land resources are in short supply and private ownership of large areas of land has long been prohibited, with Qian Wenhan and Ding Zhaoqiang's wealth and status, they want to achieve it
This wish is somewhat difficult.
Where, like in Kanem or Benin, can a slightly powerful chief own tens of thousands of acres of land?
A compromise method is to first buy commercial land and invest in the construction of B&Bs, and then contract the surrounding land by contracting and transferring forest land and farmland to plan new garden lands and agricultural plantations to make them consistent with large-scale comprehensive estates.
temperament.
Qian Wenhan is not short of money, mainly because it is quite troublesome to do this.
Subsequent management and operations also need to keep up to ensure quality. The most economical thing is that after Muxiang B&B built the B&B manor in Duhe, he directly took over a small building and could return to the mountains and forests at any time.
Although Dongsheng Real Estate is currently engaged in high-end cultural tourism projects, as a listed company, Dongsheng Real Estate's cultural tourism projects not only have profit as its core goal, but also must ensure a high turnover rate.
Only Muxiang Capital, which does not pursue high profitability or high turnover rate but focuses on the stable accumulation of assets, is most suitable for operating this kind of manor-style high-end B&B.
This is just like Qian Wenhan and Ding Zhaoqiang who are currently practicing art and collecting art.
As everyone was talking, the topic suddenly turned to the mountains and waters of Duhe River.
Duhe is located in the southwest of Xinhai. There are remnants of Tianmu Mountain in the territory, with rolling hills and dense forests. In summer, it is a good place for citizens of Xinhai and surrounding cities, counties and districts to escape.
Although there is no direct highway connecting Xinhai to Duhe, and it takes more than two hours to take a detour from other places, in recent years, more and more people from Xinhai go to Duhe for vacation every weekend holiday.
People like Qian Wenhan and Ding Zhaoqiang who make enough money and pay attention to the quality of life often go to Duhe.
There are many B&Bs and hotels in Duhe, but there is still a shortage of truly high-end ones.
"What are you talking about?"
Cao Xiong put a bag of fish in the kitchen and walked over to see that the conversation was lively and it didn't look like they were talking about work. He sat down happily and asked.
"We were talking about your plan to build a B&B in Duhe - Lao Ding and I have already reserved a small building!" Qian Wenhan said.
"..." When talking about this, Cao Xiong's eyes lit up.
Cao Xiong had just been released from prison and became very ambitious. Muxiang B&B had a low starting point, but after getting involved in the short-term rental apartment market, it acquired nearly a thousand units in more than two years. The expansion speed cannot be said to be unsatisfactory.
Cao Xiong also discussed capital expansion with Chen Rong, but after Cao Mo's investment in West Africa surfaced, he received a "sap" head-on.
When Cao Xiong started his own business in middle age, he mainly wanted to leave something for his son and daughter to make up for the guilt of not being able to take care of him all these years. However, he soon discovered that his son had accomplished a bigger business than he imagined, and his daughter also had a stronger business talent than him.
How could he continue to adopt radical strategies in the development of Muxiang B&B?
When Muxiang Capital was formally established and it became clear that risks would be isolated from Tianyue Investment in a more stable manner to avoid a crisis, the family wealth would be reduced to nothing and the mistakes of the Taihua Clan would be repeated. Cao Xiong's mentality became even more relaxed.
Muxiang Capital currently has Jiaying as the president and Chen Rong as the chairman. In addition to the daily management of Muxiang B&B, he now spends more time practicing cooking skills.
A few days ago, he set up a hanging net in the backyard. In his spare time, he could carry a few kilograms of wild fish from the Qingtang River every day and put them in the pond for a few days, and then make fish soup for everyone to drink; now he makes fish soup noodles.
Superb.
Jiaying had previously painted a cake for a B&B manor in Duhe, and Cao Xiong had already snatched the title of "village chief" from her.
"This matter needs to be sorted out quickly," Cao Xiong said. "Xiao Xi's father will retire from the second line next year. He is also paying attention to this matter. He has already asked for the title of deputy village chief. We are planning to recruit two more deputy village chiefs.
Chief, I have to put together a table of cards first..."
"Brother just complained that I spent money randomly without his consent." Jiaying said with resentment.
"No, I'm not complaining about you spending money indiscriminately. I'm just saying that you don't spend money fast enough. What can you accomplish by procrastinating? I'll buy the land tomorrow!" Cao Mo decisively surrendered.
He worked hard to earn all this money. Besides his career that he couldn't give up, didn't he just want his family to enjoy life as much as he wanted?
Everyone laughed.
Next, we talked about Fulkov Petrochemical's acceptance of Langhua Petroleum's capital injection.
Niss Oppenheimer finally gave in, which paved the way for the final financing. The next step is to go through various review procedures. The capital injection can be completed as late as half a year or as early as two months. Ferkov Petrochemical will then
Reach a new level.
Completed the capital injection and deeply tied up the cooperation with Langhua Petroleum. Even if it is impossible to take over the rights and interests of the Quekotos Oilfield, there will be stable and long-term mining cooperation, stable crude oil supply, and fuel and primary chemical raw materials along the Gulf of Guinea coast.
The tight market is destined to lead Fulkov Petrochemical to the fast lane of rapid development.
And because Langhua Petroleum has a strong background in Europe, Fulkov Petrochemical may be listed in France or other European countries in the future.
Ding Zhaoqiang and Qian Wenhan still hope to take advantage of this capital injection to participate in Fulco Petrochemicals to a certain extent.
Of course, Ding Zhaoqiang and Qian Wenhan are not optimistic about the potential for the stock price of Fulkov Petrochemical to rise more than ten times or dozens of times in the future - a new petrochemical company is valued at US$3.5 billion to US$4 billion.
If it is too low, even if it can be successfully listed in the future, the possibility of the valuation skyrocketing is very small. What they are looking at is the possibility of Fulkov Petrochemical being listed in Europe in the future.
Economists and experts at home and abroad predict that China's GDP will surpass Japan's this year, but countless experts and scholars predict that China's high-speed development model that sacrifices the environment and eats demographic dividends will not have enough stamina to continue, and may stagnate at any time.
This will lead to more serious social problems.
Therefore, a considerable amount of domestic industrial capital has gone overseas, but in addition to seeking broader development space, there are also people behind the scenes who have the intention to transfer assets overseas.
Even if Ding Zhaoqiang and Qian Wenhan can be considered "staunch", the serious crisis in 2008 did not severely damage their confidence in the country. However, taking precautions and dispersing part of the family assets abroad can be regarded as not putting "eggs in one basket".
inside".
They invested in Furkov Petrochemical at this time mainly because they saw that once Furkov Petrochemical was listed in Europe, their investment could be cashed out directly in Europe, thereby realizing the transfer of assets.
"I personally am more optimistic about domestic development, but your family has a big business, and global allocation of assets is the right choice," Cao Mo said. "Langhua also hopes to further reduce my expectations for Fulkov Petrochemical."
Shareholdings, I will directly transfer part of Tianyue Investment’s shares to you in China. I believe that Langhua Petroleum will not have any objections... The biggest problem is that the valuation of Fulkov Petrochemical has been audited. It cannot be because I have
If you have a good relationship, you can lower it casually. There are legal risks involved in making a Yin-Yang contract - well, if you have any equity assets in your hands, you can value them slightly higher and exchange them with Tianyue Investment.
"
"Let me tell you, it's the most pleasant thing to discuss cooperation with Cao Mo - he has a big business now, so it won't hurt if he leaves more money for us." Qian Wenhan and Ding Zhaoqiang said with a smile.
"You also know most of my investments with Lao Qian - if we want to make a replacement, which one do you prefer?" Ding Zhaoqiang asked Cao Mo.
"From the perspective of continuing to improve the industrial layout of Tianyue Industrial, of course I want to take over the shares of Heyuan Power," Cao Mo asked, "Don't Heyuan Power plan to launch Series B financing? Heyuan Power can adjust the financing price upward.
, in addition to participating in the B-round financing of Heyuan Power, I can also exchange part of the equity with you."
Since the global energy crisis in the 1970s, thoughts on the development of new energy vehicles have been rampant in European and American countries, and the mainstream technology route for pure electric vehicles has been established very early.
Domestic development in certain fields was much later than that of Europe and the United States. As a newly established technology company in 2005, Heyuan Power has focused on the research and development and production of new energy vehicle power battery systems and energy storage systems since its establishment. Currently, it has
It is a leading enterprise in related fields in China.
Tianyue Industrial's development of vehicle technology, power batteries and energy storage systems for electric vehicles relies on Heyuan Power's technology. The two parties have been cooperating for a year.
Hexi Fund and Dongjiang Emerging Science and Technology Innovation Industry Investment Fund, in which Qian Wenhan participated, intervened in Heyuan Power's investment as early as 2006 - the financing price at that time was very low, and Hexi Fund and Dongjiang Emerging Science and Technology Innovation Fund only invested RMB 5,000.
Ten thousand yuan, each will receive investment from Heyuan Power.
Heyuan Dynamics was valued at only 500 million at the time.
In 2008, Heyuan Power carried out Series A financing, and its valuation increased to 1.5 billion.
At present, Heyuan Dynamics is planning to conduct Series B financing, and the external valuation is 3 billion. However, in order to avoid the equity of the founder team and the first two rounds of investors being diluted too low, 10% of the Series B financing will be opened.
window.
This also means that even if Tianyue Investment gets all the additional financing from Series B, it can only inject RMB 300 million in exchange for 10% of the shares.
What's more, besides Tianyue, there are other people who are optimistic about the development of Heyuan Power, especially the investors in the first two rounds. They have the right to preemptively subscribe. What is left to them will be shared by Tianyue Investment and the late entrants.
.
If Cao Mo wants to get more shares of Heyuan Power, the best way is to convince the investors of Heyuan Power and the founding team to significantly increase the financing price to exclude potential competitors.
Of course, if Cao Mo can further obtain the shares of Heyuan Power from Hexi Fund and Dongjiang Emerging Science and Technology Innovation Fund and become the largest shareholder of Heyuan Power, it will actually be equivalent to merging Heyuan Power into Tianyue