Rebirth of the Official Business Route

Over the past few years, newspapers, television, and the Internet have had a lot of influence on Aida Electronics and Aida Group, but none of these pervasive media can accurately or clearly describe the outline of Aida Group. Qin Gang can understand it now.

There are many overseas legal person shareholders in the equity structure of Aida Group. I am afraid that the central government will use diplomatic means to cross-hold shares with affiliated companies, and the equity relationship is extremely complicated.

In short, Qin Gang can only know the asset size and basic financial status of the Aida Group from the documents at hand, but he cannot know the real shareholding structure behind it. Novel chapters are updated the fastest

Hearing Du Fei mention the word Kumho Department just now, Qin Gang thought to himself: Standing behind the Kumho Economic Research Center and the name of the Economic Research Center are all derived from this. The so-called Century Kumho Real Estate's sponsorship is just a deception In other words, the scope of industries concerned by the Economic Research Center must at least include the industrial fields involved in the entire Kumho Department, such as real estate, catering and entertainment, consumer electronics, paper industry, forestry and paper integration, home appliance manufacturing and home appliance manufacturing. Chain sales, steel, shipbuilding, shipping, mining, Internet investment... This is not a private enterprise, it is simply an economic empire.

Qin Gang had never imagined that the domestic private economy could grow to such an extent. Like the Aida Group, it was no longer possible to use its net assets to measure its business scale and value. Fiction novel chapters are updated the fastest

In the document, the domestic part of Aida's net asset valuation is only 15 billion, which shows that Aida's brand value is far underestimated. Now Kewangdu claims that its brand value is 2 billion. Aida has such a great influence at home and abroad. It is modest to say that the brand value is 10 billion. After deducting the 10 billion brand intangible assets, is it possible that the Aida Group is fixed within the country? Assets and technical assets are worth five billion?

In the past few years, everyone has been used to estimating the market value of companies in the form of capital securitization. Currently, the average price-earnings ratio of new technology listed companies in Shanghai and Shenzhen stock markets is 2 times that of domestic high-tech companies. The assets of the Aida Group are of better quality. The domestic part of the Aida Group made a net profit of 4 billion in 1998. With a price-earnings ratio of 40 times, the market value of the domestic part of the Aida Group is 160 billion.

Qin Gang’s colleagues at the National Business School jokingly discussed why Aida Group was not listed in China. At this time, they realized that how could a private enterprise with a market value of 160 billion be accommodated in such a large pond in Shanghai and Shenzhen? Moreover, Aida's performance in the domestic mobile phone market this year is particularly outstanding. After reading this document, Qin Gang will not feel the slightest surprise in this year's sales of 20 billion yuan and a breakthrough in net profit. The market value of some domestic assets will reach 240 billion? All are qualified enough to squeeze into the top 500 in the world.

No wonder Haizhou’s local finances are so well-off. Most of the domestic taxes and fees of Dada Group are paid in Haizhou to complete corporate income tax. Haizhou’s local finances can withdraw nearly 400 million from Aida Group.

Qin Gang estimated that Kumho's enterprises in Haizhou will contribute as much as 1.2 billion to 1.5 billion to the local finance.

You must know that the local fiscal revenue in 1998 was only 12 billion after a sharp increase. Qin Gang probably remembered that the local fiscal revenue of Haizhou City in 1994 and 1995 was only 14.5 billion. Relying on the Kumho family, they doubled the local fiscal revenue. No wonder everyone said that Haizhou City is getting fat.

This domain is integrated into the Kumho Department. To become a member company of the Kumho Group, the cross-shareholding is based on the calculation of seven times the market profit of the Aida Group in 1998 based on the financial audit basis to convert the asset value. About 28 billion or even a sixth of 160 billion is slightly stronger. It's no wonder that Shi Xuebin was so excited that he wanted to exchange all the shares of the Aida Group, which was simply spending money to buy the cheap original shares of the Aida Group. I can't wait to exchange Chuangzai's 260 million cash for the original shares of Aida Group.

up. Chuangyu should at least keep a certain amount of funds in hand for business development. In addition, the cross-shareholdings should also be distributed to various affiliated enterprises according to a certain proportion. It is impossible to concentrate on the Aida Group.

Qin Gang has read the cross shareholding plan. It is not included in this cross-shareholding plan. I thought that Kumho Commercial may still have some commercial secrets that will not be disclosed to them for the time being.

Except for Kumho Commercial. Qin Gang also knows that there are some overseas companies in the Kumho Department. It is also not included in this cross-shareholding plan. For example, the ess that has been frequently reported to the media recently.

At this moment. Qin just learned that ess is completely independent from Aida Group financially. Moreover, the Aida Group paid nearly 800 million yuan in patent licensing fees to ESS in 1998; there are also some joint ventures with overseas companies such as Texas Instruments and Scooper, such as Sinochip, which are not in this cross-holding listed in the stock plan.

Take Shi Xuebin's words. These documents they saw today. I just dived 20 meters below the surface of the sea to understand the Kumho system. What does the Kumho system look like at 20 meters below the sea surface. They have no way of knowing yet.

Qin Gang thought to himself: The sea below 20 meters is probably mainly the overseas expansion of the Kumho Department, right?

In addition to the cross-shareholding between Chuangyu and Kumho member companies, Qin Gang and the others can also choose a certain proportion of individual shares. Du Fei explained to them at the beginning: Individual shareholding, everyone can choose to hold Enterprises such as Xiangxuehai, Shengxin Electric, Xinguang Paper, and Century Kumho will give priority to the listing of assets of these enterprises when the time is ripe. After listing, individuals will have the opportunity to cash out their shares. The possibility is relatively small... If you think it doesn't matter whether you cash out or not, then choose Aida Group more, because the future growth will be better. You choose first, and Meng Le and I will share the rest.

Because the direct shareholding of the management of the member companies of the Kumho Group must be controlled below 30%, the equity held by him and Meng Le in Chuangyu will be exchanged with the member companies of the Kumho Group again. This time it is mainly Qin Gang and Ling. He and Du Fei are not involved in the affairs of Xiaoyan, Shi Xuebin, Dong Yuehua, Shi Xinfei and Xi Ruolin.

Except for Aida Group, the assets of Xuehai, Shengxin Electric, Xinguang Paper, and Century Kumho are all very high-quality. Before this afternoon, the few people present did not even know about Xiangxuehai, Shengxin Electric, and Xinguang. The paper industry is actually an affiliated company with the Aida Group, and they are both core member companies of the Kumho family.

Shengxin Electric's flagship in Xinshijie

The annual net income of a store exceeds 100 million yuan, Xiangxuehai is still a company last year, and Xinguang Paper is a leading company in the East China paper market...

Well, compared to the cross-shareholding plan, compared to the choice of individual shareholding, Qin Gang is more curious at this time Zhang Lu said what the status of the Zhang family behind Zhang Ke is in the Kumho Department. I believe Shi Xuebin, Shi Xinfei, Dong Yuehua and the others At this time, there will be such a strong and uncontrollable curiosity in my heart.

The domestic net assets of the entire Kumho system are not much (not counting Kumho Commercial’s direct investment in the country), the tangible and intangible net assets are about 30 billion, and the debt ratio is relatively low. The assets are only 434 billion about. The Kumho Group may not be qualified to take the top spot in the private capital camp that has recently emerged in China, but its profitability is extremely amazing. In 1998, the Kumho Group’s domestic profit reached 8 billion, which is not much compared to PetroChina. The Natural Gas Group was profitable for the whole year of 1998, and I believe that there is no other private capital entity with such astonishing profitability.

If Kumho's domestic assets are gradually split and listed, not to mention the price-earnings ratio of 40 times, even if the stock market is low, the price-earnings ratio of 20 times or 15 times for Xingye will always be there. An interval of 160 billion is appropriate to estimate the actual value of some domestic assets of the entire Kumho family. How much does Zhang Ke personally or the Zhang family behind Zhang Ke occupy?

It’s just that Zhang Ke was in the conference room, and he was too embarrassed to discuss it directly. He watched Ye Xiaotong answer the phone and drag Zhang Ke and Du Fei out. I made a hundred rich list, and it is estimated that the wealth of China's Furong family is 12 billion. Is this Hurun's eye socket too shallow, and his knowledge is so poor? Such a big fish in the East China Sea was missed!

Qin Gang smiled. Zhang's interest in the entire Kumho family is only 1. Only counting the domestic assets of the Kumho family, the wealth of the Zhang family will exceed 12 billion.

Shi Fei is usually relatively taciturn. He watched Meng Le sitting behind Xi Ruolin with his legs crossed to help her as a staff officer, and asked: Old Meng, come and tell us thoroughly, otherwise it will be too depressing...

Go, I also signed the confidential agreement... Meng Le curled his lips and ignored Shi Xinfei, pressing his chin on Xi Ruolin's fragrant shoulder and instructing her how to prepare personal shares to be more appropriate.

Seeing that Meng Le's mouth was stiff, Shi Xuebin teased him and said: Old man, you also said that the matching of men and women should be based on the principle of robbing the rich and helping the poor. A rich man should marry a beautiful poor woman, and a rich woman should marry a talented one. Poor man, by getting together with Senior Sister Xi, at least two opportunities to get rid of poverty and get rich through marriage have been wiped out. I wonder if you two... He didn't speak, and hit his head with the pen thrown by Xi Ruolin, Oh Yo, seeing that Meng Le was speechless, she turned to look at Ling Xiaoyan, Senior Sister Ling...

I know as much as you guys, don't call me Senior Sister! Ling Xiaoyan hurriedly silenced him with words, Shi Xuebin was nagging endlessly, if you tell him a few more words, maybe he will be fooled .

She has known Zhang Ke for a long time. When she met Zhang Ke, Aida Group was far from the scale it is today. Zhang Ke even tricked Daier into being an advertising model for Aida Group. It has been more than four years, and it feels really good Hurry up. Four years ago, Aida was still Aida, and Shengxin was still Shengxin. Ling Xiaoyan didn't expect that Ada and Shengxin had merged into one. From Zhu Xiaojun, she knew a little about the status of the Ye family in the domestic political arena. The influence of the Ye family's profound connections cannot be matched by a certain person or minister. She thought that Shengxin Electric was almost built by the Ye family. Xin Electric has also integrated into Kumho, so the Ye family's rights in the Kumho department should not be too small. Xiaoyan can guess that Zhang Ke has led the development of Aida Group from beginning to end, and led the creation of the entire Kumho economic empire. These can be seen from Zhang Ke's daily interactions with other core figures of the Kumho family Come out, but she really can't guess how much interest Zhang Ke holds in this economic empire. If she can't guess, there seems to be nothing wrong with it.

Xuebin blocked Ling Xiaoyan from speaking, smiled, and asked Meng Le: After the cross-shareholding, what rank can my shares be compared to the management of other member companies of the Kumho Group...

It's almost a manager or a deputy manager, Meng Le said. Actually, it's hard to say, and it's not sure. The member companies of the Kumho family are all developing rapidly. There is a big difference in the options you get in the next year, and in any company, old employees always have to take advantage of it... What do you care about this?

When he was old, he was thinking about how to accurately describe his wealth and social status to others when he seduced a girl from the conservatory... Dong Yuehua said.

Meng Le laughed and urged everyone to get things done.

He and Du Fei's cross-shareholding plan, Kumho Commercial and Kumho's other overseas companies are all within the scope of choice. Having access to the financial data of Kumho Commercial and ESS is considered to have received Kumho's core business secrets. Meng Le generally knows the distribution of rights and interests within the Kumho department——

The Ye family, represented by Ye Jianbin, Ye Xiaotong, and Shao Xinwen, directly created two member companies of the Kumho family, Shengxin Electric and Shengxin Telecom, and held about 1% of the equity in Kumho; Kumho’s cash is more than two billion Hong Kong dollars, providing strong financial support for the development of the Kumho Department in the past two years. With the support of Kumho, it is impossible for Kumho to start so smoothly, but she has been gradually withdrawing from Kumho in the past two years to concentrate on the operation of Haiyu International Private School. Personally, the equity held by Kumho is less than 5% ; Shao Zhigang, Sheng Qing, and Zhang Ke's uncle Zhang Zhifei all created their own careers and then merged into the Kumho Department, holding almost 7% of the equity; the huge management team holds about 1% of the equity In addition, Su Jindong and Ding Gui held the largest equity, accounting for about 5%); Southeast Asian Chinese businessmen include the Ge family (Ge Mingde), the Chen family (Chen Wencong), the He family (He Zhaokui), and the Ma family (Ma Wenqu) etc. About 5% interest in...

If one by one is excluded, it is not difficult to calculate Zhang Ke's personal interests in the Kumho Department: slightly less than, slightly more than.

If it is said that the domestic and foreign assets of the Kumho family are worth 100 billion

Ke's personal wealth is 44 billion Kumho's domestic and foreign 100 billion, and Zhang Ke's personal wealth is 88 billion.

If it is to be calculated based on actual assets... In fact, Kumho's assets at this time are the most difficult to estimate. What is the appropriate value of the intangible assets contained in the four major trademarks such as Aida, Shengxin, Xiangxuehai, and Xinguang? What is the proper value of technical assets formed by thousands of invention patents?

Meng Le is sure that if Kumho loses his mind and transfers all the invention patents covered by the dpm-ip1ayerr patent pool, he can exchange at least one billion US dollars in cash.

For the invention patents covered by the patent pool of nand-type flash memory chips, only Kumho and Samsung Electronics have obtained authorization from Toshiba in the world, and the license authorization obtained by Kumho is more thorough than that of Samsung Electronics. If it is transferred out, at least it can be exchanged for more than one billion US dollars in cash.

Meng Le does not have enough understanding of other domestic private capital hidden in the sea. It is hard to say whether Zhang Ke can become a rich man in China with his personal assets, but the guy named Hurun ranked the richest in China. As a talking point, it really can't be taken seriously.

Meng Le also has a lot of exposure to nuclear secrets, and he has also communicated deeply with Zhang Ke in private. He knows that Zhang Ke has long since ceased to be interested in the specific personal assets.

This year, the domestic and overseas total income of the Kumho Department is expected to exceed 12 billion, and if it is allocated to Zhang Ke's personal name, he can enjoy a net income of more than 5 billion. Meng Le thinks about it. There is really no need to worry about how much personal wealth is. Kumho's equity relationship is complicated, and the asset system is complicated. It is still a very headache to calculate personal assets from scratch.

Qin Gang and Shi Xuebin were interrupted by talking and laughing, and it was almost five o'clock before the matter was finished. Ye Xiaotong answered the phone and dragged Zhang Ke and Du Fei out, and they never came back for a long time.

The matter here is over, and some staff have collected all the documents and materials.

Sitting in the meeting room for a long time, feeling a little backache, Qin Gang dragged Shi Xuebin to find a place to smoke, and saw that the door of the smelling meeting room at the top of the corner aisle was open, Zhang Ke and the others were inside, Qin Gang looked inside Look, in addition to Du Fei and Ye Xiaotong with a puffy stomach, Shao Zhigang, the boss of Century Kumho, Wang Weijun, Secretary of the Party Working Committee of the High-tech Zone, and Yao Wensheng, Director of the Investment Promotion Bureau are also inside. I don't know what they are talking about.

At this moment, Zhang Ke turned his head and saw Qin Gang and Shi Xuebin, and stood in the meeting room and asked, Are you finished?

After sitting for a long time, I came out to take a breath. Seeing that Zhang Ke had no intention of refusing them to enter, Qin Gang followed Shi Xuebin into the meeting room. The sandalwood conference table was mostly covered by several architectural drawings. Wang Weijun, Shao Zhigang, etc. The man looked up at Qin Gang and Shi Xuebin, didn't say anything, and continued to discuss the blueprints. Everyone stood and talked, only Ye Xiaotong was pregnant, and sat there as a matter of course.

Qin Gang and Shi Xuebin stood behind and looked at the blueprints while listening to their discussions. After a while, they realized that they were discussing the design of a high-rise building. During the discussion, no one raised the specific height and floor. Qin Gang stood a little higher and couldn't see the markings on the drawings. Shi Xuebin pushed his waist and said in a low voice: Fifty-two floors...

Qin Gang was really taken aback by the fact that this guy had the heart to stand behind and count the floors on the renderings. Except for those single-tower TV tower buildings that don’t make much sense, the tallest building is only 148 meters. It is the landmark building International Trade Center in Xinshi Street. Since the secretary of the Party Working Committee of the high-tech zone came to participate in the discussion of the design plan, could it be said that the east of the lake is going to build a high-rise building over 200 meters?

At this time, Meng Le and the others also packed up the documents and materials, and came over and squeezed around the door to look around. Shao Zhigang turned around and said to Meng Le and the others: Come on, come on, come and give some suggestions, let us refer...

No, Zhang Ke had an opinion, and said, The more opinions, the more complicated the design, and the higher the construction cost. I think the square design is fine...

Wang Weijun shook his head and smiled, and stood in front of Yao Wensheng, allowing more space for Meng Le and Qin Gang to squeeze to the edge of the conference table so that they could see the drawings clearly.

Du Fei explained to Meng Le and the others: This building is going to be built on the northwest corner of Yanyuan. It’s a bit more simple, and the name hasn’t been decided yet…”

Hehe, Xiao Du also supports my point of view, Wang Weijun laughed, I hope that the first high-rise building built here by Kumho will lead the city...I discussed it with Secretary Luo Jun, Kumho Is it possible to relax the budget and invite famous overseas designers to participate in the design competition, this opportunity will not only expand the influence of the city built, but also expand the influence of Kumho...

Now that Wang Weijun has said so and conveyed Luo Jun’s meaning, Zhang Ke curled his lips and said: Then design according to the standard of 1.2 billion, and deduct 60 million from it as a design fee. It should be able to invite the world's top The design firm participated in the design bidding...

Ah... Everyone was stunned, Wang Weijun opened his mouth and said after a while: You are still crying poor! You are called poor!

Didn't you just want to increase the city's influence, didn't you want to increase the influence of Kumho? Zhang Tianran smiled.

Qin Gang just subconsciously felt that the design fee of 60 million was a bit too much. After all, he was not an insider and knew how much the design fee should be at a reasonable level.

Shao Zhigang shook his head and sighed: For high-rise design in China, 40 to 50 per square meter is considered high. This project is only 100,000 square meters, and the design fee of 10 million is enough to make the best domestic designers The academy is overwhelmed; the top international designer firms normally offer around 25-6 million yuan—now that they are offering 60 million yuan, it is enough for the top international designer firms to compete for the top spot. Bleeding.

A building with a height of more than 200 meters will not have any impact if it is placed in Asia... Zhang Ke said with a smile, We can also invite more domestic design institutes to participate in the bidding. It's rounder than China.