My Age of Investment

   Chapter 1257 Chinese Bank

   "I want to absorb Envision Securities (formerly Lehman Asia) into Envision Financial Holding Group."

  Xia Jingxing smiled at Chen Hong, "This may reduce your shareholding ratio."

   "No problem, I agree! Originally, Envision Securities was escrow for you, but now its business is almost on the right track, it's time to hand it back to you."

   Chen Hong is very open about the absorption and restructuring of shares.

   Because it was not the first time that Xia Jingxing had done this.

   Hanneng's shareholding in Fuxing Mobile has become a shareholding in Fuxing Industry?

Although the shareholding ratio of    has decreased, the intrinsic value has actually increased. He has no reason to object.

   In the future, the two Korean game production companies he and Xia Jingxing invested together may also absorb and merge into the domestic holding system.

   Now Envision Securities and AIA are reorganized into Envision Financial Holdings, which will inevitably become a new financial giant in the foreseeable future.

  Xia Jingxing nodded lightly, he knew that Chen Hong should not object, he just mentioned it out of respect for the identity of the other party's shareholder.

   He went on to say: “AIA was a leveraged buyout by us.”

  Chen Hong is not surprised by this. If he chooses to acquire all with his own funds, it will not be in line with Xia Jingxing's financial giant.

   "How much did you borrow?"

  Xia Jingxing compared two fingers.

  Chen Hong frowned, "It's only $20 billion, so you can borrow a little more?

   AIA has a net profit of nearly ten to two billion US dollars every year, and there is no pressure to pay the interest on the 30 billion US dollars of loans, which will not affect the normal operation of the enterprise.

   After a few years, the valuation of AIA has increased several times, and the company has been promoted to go public. If you transfer one-third or one-fifth of the equity, the entire loan principal will be repaid. "

  Xia Jingxing smiled and nodded. The plan proposed by Chen Hong was a typical leveraged buyout method, but it was a bit difficult to implement.

   "I would like to pay only $3 billion or less for the acquisition principal, and the rest of the acquisition money is raised through loans and corporate bonds.

   But the impact of the financial crisis has not completely passed, and banks are unwilling or unable to support this acquisition plan.

   Therefore, we can only take a step back and choose to acquire AIA with a plan of US$10 billion in principal + US$20 billion in loans.

   AIA assessed an embedded value of just $20 billion, and the banks were happy with the plan. "

Chen Hong nodded, then said with a smile: "That's not a loss, I originally said that it would take you a few years to earn back the principal of the acquisition, but now, it will take a year or two at most to get your money back. ."

  Xia Jingxing smiled slightly and talked about the bank again.

   "I want to acquire a bank whose business scope is outside the mainland in the name of Envision Financial Holding Group, and initially complete the financial industry layout of commercial banks, investment banks and insurance."

   Chen Hong was a little surprised, "Bank? Are you determined to be a consortium?

  I tell you, be careful that you will become Dayuan and Xiaoyuan like the Morgan consortium in the future. "

  Xia Jingxing said with a smile: "It's not that serious, and I don't start a large financial holding group in the mainland. At most, I keep various branches in the mainland, and the main revenue comes from overseas markets.

   And Envision Capital and Envision Financial Holdings are two equal companies, and they have no shareholding relationship with each other, but only have the same major shareholder. "

  Chen Hong slammed it, he felt that Xia Jingxing's appetite was getting bigger and bigger now, and his targets were all the top financial institutions in the world.

   "Who do you want to buy? Citi?"

   Xia Jingxing was amused, "I want to buy Citi, but I have to be willing to sell it."

  Chen Hong said indifferently: "With the urgency of the old beauty, you cannot successfully acquire some core American companies. At most, you can acquire some abandoned or second-rate companies whose business is in trouble."

  Xia Jingxing nodded in agreement, "Yes, I didn't plan to eat into a fat man in one go."

   "Do you have the right goals?"

  Xia Jingxing was silent for a moment, then asked, "What do you think of East West Bank?"

   "Huami? That bank that mainly deals with Chinese and Chinese in the United States?"

   "Yes, I and their CEO Wu Jianmin are also old friends."

  Chen Hong frowned and thought for a moment, then said: "Although the banking industry is now withering, it is suitable for bargain hunters.

  Acquiring a U.S. bank seems to be unable to bring any strategic help to you or Envision Capital?

   If you really want to acquire a bank, I suggest choosing a Hong Kong bank and a Southeast Asian bank for acquisition, which happens to be integrated with the business of Envision Securities and AIA in the Asian region, and play a role in strategic synergy. "

   "Banks in Hong Kong and Southeast Asia will be slowly searched in the future, but now I want to win a bank first, and use this as a starting point to gradually expand the business all over the world.

   And it's not called East West Bank anymore, it's too limited, it's called Chinese Bank.

  Where there are Chinese in the world, there is a Chinese bank.

  The footprints of Chinese businessmen are gradually spreading all over the world, and Chinese Bank will become a loyal partner on their business road.

  Envision Securities and AIA can also follow this network to expand their business from Asia to the world.

  Foreign banks and financial institutions came to the East with strong boats and cannons, and then took root and became the global financial giants today.

  We don't have that opportunity now, we can only follow small Chinese businessmen and take "MadeinChina" to Europe, Africa, and Latin America.

   In the long run, if China's economy wants to go to a higher level, it must go out.

  Envision Financial Holding Group is also responding to the call of the state and making arrangements in advance.

  Our banks can provide deposit, loan and remittance services for overseas Chinese, investment banks can provide consulting and consulting services, and insurance companies can also provide various insurance services such as wealth management, property, and accident protection. "

  Chen Hong nodded and said: "You have a good idea. Envision Securities and AIA both have a good foundation in Asia, but if you want to continue to grow, you still can't limit your business to Asia."

   "Yes, and Fuxing Industry has been trying to sell its products to overseas markets, and Vision Capital is also actively setting up new offices around the world.

   A company going out to sea alone, with little power, is not taken seriously by the local government.

   But what if it was a group of businesses? Not only are they more valued, but they also have a relationship with each other.

  For example, the overseas branches of Fuxing Industry and Vision Capital can transfer accounts through our own bank, which is safer and more confidential. "

   Speaking of this, Xia Jingxing remembered the incident of an opium bank selling out the chrysanthemum factory.

   If you have a bank with branches in major cities around the world in your hands, you will undoubtedly feel much more at ease.

  Chen Hong said solemnly: "Since you have considered it all, just do what you want, I have no opinion."

   "Alright, I'll arrange for someone to contact Wu Jianmin right away."

   (end of this chapter)