403 Rolling over the acquisition, my little achievement is nothing(2/3)
Wang Guanxi said directly: "I acquire it at a premium, $700 million!"
When Jilayu Amin heard this, he felt extremely unhappy in his heart.
This Wang Guanxi actually opened his mouth and added a price of $100 million!
Where is he?
I asked you to add 10 million, but you can just get 100 million US dollars!
This was slapping him in the face.
A series of Goldman Sachs executives from Dusti Franco and others on the side also looked at Wang Guanxi with respect.
This comparison made Jilayu Amin feel the gap in his heart and even more unhappy.
At this time, Wang Guanxi smiled again and said, "Mr. Jilayu, you should also add $10 million."
Jilayu Amin felt the ridiculousness and contempt in Wang Guanxi's words, and the bizarre anger in his heart, so he spoke: "750 million US dollars, you can try it with another 50 million US dollars. I think how much money do you have?"
Wang Guanxi couldn't figure out the highest price of Jilayu? Amin, and his highest price was only 1 billion US dollars. If it was too much, China Merchants Bank Yonglong Bank could not apply for a loan, so he smiled and said, "Jilayu? Amin, you can't afford the 800 million US dollars? If I add 800 million US dollars, you will refund it?"
Jilayu Amin smiled, "Then you should add, do you dare to shout $800 million!"
Wang Guanxi said lightly: "For US$810 million, I will add US$60 million!"
Jilayu? Amin didn't expect that Wang Guanxi would really add $800 million. He was confused and said, "830 million US dollars, I'll add you another $20 million."
Wang Guanxi: "850 million US dollars, I will add you another $20 million"
The price is getting higher and higher, and senior executives such as Dusti Franco of Meisheng Group were stunned.
His eyes turned to Wang Guanxi, making Wang Guanxi's identity look higher than Jirayu Amin, which made Jirayu Amin even more unhappy, so he shouted: "900 million US dollars, I'll add you $50 million!"
"If you have the guts, keep shouting!"
He said that he was breathing a little quick!
This time, we added another $50 million, with the quotation as high as $900 million, which is already a 50% premium acquisition.
He didn't believe that Wang Guanxi still had so much spare money.
Wang Guanxi said lightly: "I will add another $50 million, $950 million, and you will try it if you add another $50 million."
As soon as these words were said, the executives who were watching the melons beside them were shocked and the lawyers were stunned.
Dusti Franco and other executives looked at the big boss Wang Guanxi and became more respectful!
Jilayu Amin has become a foil. The Imperial Bank of India has now held a lot of funds in Bank of America, with a floating loss of up to US$3.4 billion. This time, US$900 million is his limit, and Wang Guanxi's quotation is still 50 million US dollars higher.
If he wants to acquire it, it will probably cost $1 billion. He hesitated and hesitated.
Wang Guanxi said: "Jirayu? Just forget it if Amin has no money, just call $1 billion, $1 billion is just enough to make up an integer."
As soon as these words came out, the people around him immediately knelt down.
Dusti Franco was even more shocked and looked at Gilayu Amin, hoping that he would offer $1 billion.
But Jilayu? Amin clenched his fists and suppressed them, saying, "Wang Guanxi, don't be proud, you just bought it at a high price. The future stock price of Silicon Valley Bank will definitely continue to fall. If you pay an extra $350 million, the losses will definitely be very miserable."
He has given up on the price increase.
Wang Guanxi said lightly: "You don't have to worry about this. You just can't afford $1 billion and just deliberately say sarcastic words."
"You!" Jilayu Amin was furious, "Let's see, you're just borrowing money to acquire it!"
He said that, he left.
Then Wang Guanxi acquired 50% of Silicon Valley Bank's equity from Meisheng Group for US$950 million, becoming the controller of Silicon Valley Bank.
The current share price of Silicon Valley Bank is $22 per share, and it will still fall sharply in the future. Jilayu? Amin is right, but after the financial crisis, the share price of Silicon Valley Bank has been rising all the way.
In the future, the stock price will reach $550 per share, with a market value of $30 billion.
Wang Guanxi's investment is very profitable.
$950 million, 12 years later, worth $15 billion.
The rate of return is as high as 15.7 times.
It doesn't include dividends.
Of course, this investment was loaned, with a loan of US$950 million from China Merchants Bank Yonglong Bank.
Wang Guanxi did not spend a penny on his own, which was equivalent to picking up money in the financial crisis. Especially the importance of Silicon Valley banks is irreplaceable for Wang Guanxi in the short term.
"Mr. Wang, we have a happy cooperation, and our chairman, Mr. Bill Miller, was very happy." Dusty Franco looked excited.
Wang Guanxi smiled and said: "Happy cooperation. If you have any good assets in the future, you can contact me at any time."
"Okay" Then Dusti Franco's phone rang again, and it was called by Bill Miller, chairman of Meisheng Group.
Bill Miller wants to talk to Wang Guanxi.
So Dusti Franco handed the phone to Wang Guanxi, "Mr. Wang, our chairman wants to talk to you."
"Okay" Wang Guanxi took the call.
This Bill Miller is a big shot in the asset management industry and a big shot in Wall Street. The asset scale of this Meisheng Group is also more than US$900 billion.
That's right, it's managing $900 billion in assets, which are distributed in the global stock and fixed income markets.
Of course, the financial crisis has caused the assets they manage to shrink very seriously. Coupled with the large redemptions of their customers, their assets have now been reduced by hundreds of billions of dollars, but they are still giants in the asset management industry.
"Hello, Mr. Miller!"
Bill Miller was shocked by Wang Guanxi's young voice: "Hello, Mr. Wang, I've heard Dusti Franco say you long ago!"
"Now Wall Street media say that the mysterious Oriental tycoon is, no one thinks that the legendary Oriental tycoon is so young."
Speaking of this, Bill Miller was also shocked.
When he was young, he was still in school, but he was not that awesome and had to accept it.
Wang Guanxi smiled and said, "Mr. Miller, you have won the award. My small score is nothing on Wall Street!"
Bill Miller exclaimed: "Mr. Wang, there are not many young generations on Wall Street who have achieved this as much as you'
Then the two started talking about Silicon Valley Bank.
Silicon Valley Bank, a California State Chartered Bank founded in 1983, is also a member of the U.S. Federal Reserve System that provides commercial and private banking products and services.
Banks also provide brokerage, investment consultant and asset management services.
Three operating branches: Global Commercial Bank, Sibo Private Bank and Sibo Capital.
The current share price is US$22 per share, with a total share capital of 54 million shares and a market value of US$1.2 billion.
Although Wang Guanxi's No. 1 Fund acquired 50% of the shares of Silicon Valley Bank from Meisheng Group, Bill Miller privately holds 10% of the shares of Silicon Valley Bank, the second largest shareholder of Silicon Valley Bank and the chairman of Silicon Valley Bank.
Now that Wang Guanxi has become the largest shareholder of Silicon Valley Bank, he naturally needs to step down as chairman.
Currently, Meisheng Group still has a lot of deposits placed in Silicon Valley banks.
Bill Miller said: "Mr. Wang, you are now the controller of Silicon Valley Bank, but we hope we can continue to cooperate..."
Then he proposed to continue to establish an executive director. It turned out that the management of Silicon Valley Bank also hoped that Wang Guanxi would not change all of them.
Wang Guanxi accepted his proposal. Wang Guanxi was still very confident in the management of Silicon Valley Bank. He could not entrust a person who didn’t understand to join.
However, supervision is also very necessary. Wang Guanxi immediately asked Stephen Steno, chairman of Huntington Bank, to serve as a director of Silicon Valley Bank, and also entrusted several financial officers to work at Silicon Valley Bank.
As for the CEO and chairman of Silicon Valley Bank, Wang Guanxi plans to select from Silicon Valley Bank’s management.
Bill Miller immediately recommended a talent to Wang Guanxi.
Now the chief operating officer of Silicon Valley Bank, Greg Becker.
In 1993, Greg Becker first joined Silicon Valley Bank as a member of the Northern California Technology Division, and has since served as a number of executive and senior management positions, including 1999 to 2002 as venture capital department manager, 2002 to 2003 as chief financial officer, and 2003 to present, as chief operating officer.
Wang Guanxi said, "Let him come to Hong Kong to see me, I will talk to him in person."
Bill Miller: "Okay, I'll call him now."
"By the way, Mr. Wang, when you come to the United States, remember to come to our company headquarters to sit down. I heard that you are also a major shareholder of Amazon, so everyone can cooperate more."
"Okay, after I arrange some things, I will go to the United States in a few days, and we will chat later." After the call, Wang Guanxi returned to the Black Shirt Center.
The acquisition of Silicon Valley Bank this time can be said to be a very critical layout.
American banks are now easy to acquire.
Now he owns two small and medium-sized banks in the United States, and the market value of these two banks will exceed US$25 billion in the future.
Wang Guanxi's funds for acquiring the two banks were all loaned, so it's great to use money to get the money off.
At this time the phone rang, it was an unfamiliar number.
After answering, a middle-aged man's voice came from the phone, and the other party said directly in Chinese: "Hello, is it Mr. Wang?"
Wang Guanxi didn't expect that this person's Chinese was quite smooth, so he spoke, "Yes, are you?"
The man said, "Mr. Wang, I am the chief operating officer of Silicon Valley Bank, Greg Becker. The chairman Bill Miller called me just now and said you want to see me and let me come to you."
He also knew that the controlling shareholder of Silicon Valley Bank had changed from Meisheng Group to a Hong Kong rich man. But he didn't expect that the rich man's voice was so young, which really shocked him.
To be continued...