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May 12, 2008
?The Wenchuan Earthquake, which shocked China and the world, occurred as scheduled. This is a major natural disaster in human history, which brought endless pain to the ancient Chinese people, and the loss of personnel and property was shocking.
Immediately after the earthquake, the Royal Family Fund announced a donation of 1 billion RMB, and donated a large amount of materials and emergency equipment for disaster relief.
Enterprises such as Carrefour Supermarket Group, Geli Group, Yangtze River Science and Technology Group and Yellow River Technology Group, as well as Cathay Pacific Airways acted quickly and joined the ranks of disaster relief.
Wang Yaocheng did not rush to the disaster-stricken area immediately, he did everything that should be done, and going to the earthquake-stricken area at this time will not do anything.
In the face of this rare natural disaster in human history, one person's strength is negligible. What is needed is the government's strong resilience to bring hope and light to the earthquake-stricken areas.
June 17, 2008
In the second fiscal quarter, the American International Group suffered a huge loss of 26 billion U.S. dollars, which shocked Wall Street almost instantly. After the news came out, the stock of the International Group fell 17.2%, evaporating 70 billion U.S. dollars in market value in one day.
? According to speculation by market participants;
The American International Group, which is deeply involved in the subprime mortgage crisis, involves a huge amount of junk bonds as high as 1.6 trillion U.S. dollars. It may write down 40 billion to 45 billion U.S. dollars in the third fiscal quarter. Escape to death.
Because what aig needs most now is a large amount of cash flow to survive the crisis.
It's a pity that the entire Wall Street and even the world's top banks are tightly covering their pockets, and no one dares to get involved with the big fire pit of the international group, because the basket it pokes is too big.
Banks will only add luster to excellent companies, and it is a big joke to expect banks to provide timely assistance.
Senior Wall Street commentators and related financial newspapers speculate that the loss will be as high as 200 billion US dollars, 300 billion US dollars or even 600 billion US dollars.
In the next few days, the stock of the international group plummeted all the way, and the market value fell by 36% in just two weeks. Compared with the market value a year ago, it fell by 78%, which is less than 80 billion US dollars.
During the subprime mortgage crisis, Wall Street is full of dark clouds. From time to time, there are rumors of corporate closures in the market, and there are loud noises everywhere, which makes every multinational financial company with a huge net worth feel the same.
This includes the famous Goldman Sachs Bank, Lehman Brothers, Morgan Stanley, Citibank, JP Morgan, Bank of America, Deutsche Bank, UBS, Barclays Bank and other world financial giants.
This subprime mortgage financial crisis from the United States has not yet turned into a global financial crisis, but every financial giant in it is nervously taking inventory and evaluating the serious losses that may be suffered.
?My family knows my own family affairs, and now everyone envies HSBC Bank, which strictly abides by its loan policy, and hardly participates in the bottomless abyss of subprime loans, and its own financial situation is healthy.
What is particularly rare is that the Wang consortium backed by it holds a huge sum of 500 billion U.S. dollars, and it is an international consortium that is least worried about financial turmoil.
July 3, 2008
The family trust fund under the royal family fund reached an agreement with the US-funded consortium headed by Rockefeller to assume 37.6 billion US dollars in debt and pay 45.4 billion US dollars in cash for a total of 83 billion US dollars to take over 55% of the preferred shares of Samsung Group. acquired a 78% stake in the Samsung Group.
Since then, Samsung Group has become one of the conglomerates under the Royal Family Fund.
This blockbuster transaction instantly detonated the world's financial public opinion.
People were surprised to find that;
His family trust fund actually holds a cash flow of 108 billion U.S. dollars, which has not been included in the entire Wang's consortium's 505 billion U.S. dollar cash pool, and is only one of the asset items of the family trust fund.
In other words, the Samsung Group is an asset of the family trust fund and can operate independently of the consortium.
In this blockbuster transaction, the Royal Family Fund took a big advantage.
There are dozens of companies in the Samsung Group. Except for the sensitive military-related companies Samsung Heavy Industries and Samsung Microelectronics that must be eliminated, other companies have been completely inherited, and they are widely involved in department stores, hotels, real estate, textiles, chemicals, shipbuilding, electronics, Transportation, petroleum and coal chemical industry, insurance securities, warehousing aviation and other fields are almost a complete small society.
Calculated based on the market value of Samsung Group before the subprime mortgage crisis, it is equivalent to using less than half of the money to buy the controlling stake in Samsung Group, owning 78% of dividends.
Samsung Group itself is not involved in subprime lending, he is somewhatto pass
After entering June 2008, Wang Yaocheng gradually lost his patience. He knew that there was not much time left for him.
? At first, they didn¡¯t plan to acquire Samsung Group, but the US-funded consortium was in a rush to sell back the funds. They stared at Vice Chairman Huo Jiaguang for almost three days.
After much deliberation, Wang Yaocheng finally made up his mind to get what he could get first, and let the rest depend on the situation.
If you make more decisions, you can definitely get a better offer.
? Wang Yaocheng knew the truth that too much is too late, so he accepted it as soon as it was good, and personally talked with Senator Michael Bay and the Rockefeller family. The two parties reached an agreement on a long-term cooperation, and happily finalized the Samsung Group merger.
He made a few phone calls, and in less than an hour, he finalized this blockbuster acquisition.
However, to complete the acquisition and integration of the entire Samsung Group, the following people need to do a lot of tedious and meticulous work to unify the pace of the consortium and restore the original calm to the home appliance market.
The most intuitive example;
Hundreds of people from the secretariat, including director He Chen, have already flown to the Korean peninsula. The consortium has also dispatched competent personnel from various companies to go there. The general manager Zhao Feng personally sits on the Korean peninsula to coordinate the work. It is estimated that he will not come back for at least half a year.
Wang Yaocheng couldn't take care of so many things, he pushed them all to his subordinates, and he became free.
He picked up the kettle and began to water the pine and green plants in the office carefully, and even hummed a leisurely little song, with a calm and calm look.
Ten birds in the forest are better than one bird in hand.
Compared with those companies that are suffering in the oil pan, he is now waiting patiently. Whether to choose bankruptcy liquidation or be incorporated, this is the only way out for the problematic companies. (Remember the site URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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