Chapter 280 Financing
After a week of peace, Lu Feng from Jinling City finally called and told Song Jian that the auction was about to begin. This was an auction hosted by Shaolin Temple, which was said to be very large. In addition to spiritual herbs, there are also various martial arts and some rare treasures.
In fact, it is extremely difficult to organize a large-scale auction. Generally speaking, many people are unwilling to sell real good things, and rare treasures will be robbed. If you want to host such a private auction, the organizer must have a certain appeal, and the sponsor must also take out a lot of good things for auction, so that others can also attract to participate in this event.
Of course, the profit is very high for successfully holding such an auction. Generally, auctions are 5% commission. That is to say, if the total transaction volume of the auction is 10 billion, the organizer can make a profit of 500 million at one time.
As a representative of Buddhism, Shaolin is a leader in both Buddhist theory and Buddhist practice. It is certainly a very large scale when it comes to hold such an event.
The Xu Group was not at this time.
Xu's Group, although Xu Haitian is the chairman, only holds 51% of the shares. The remaining shares are in the hands of other members of the Xu family. Moreover, Xu's Group has many important positions and important industries, which are controlled by other people in the Xu family.
It can be said that although the Xu Group belongs to Xu Haitian, its internal structure has long been divided into many blocks. The internal strife has always been very serious.
It was precisely because of this situation that Xu Haitian wanted to classify the Xu Group into Siyuan Group even more.
At the board of directors of Xu Group, Xu Haitian looked serious, "This is the situation. Although Siyuan Group has not been listed yet, its current valuation is 30 billion yuan. In the next ten years, there is a possibility that it will rise to 300 billion yuan. The total assets of our Xu Group are about 10 billion yuan, and I have discussed with my granddaughter. At present, the ten shares of our Xu Group can be exchanged for a share of Siyuan Group. If someone is unwilling to exchange for a share of Siyuan Group, we can discuss the issue of asset allocation when the meeting ends later."
The conference was full of anger.
"Bang"
A fat man slammed the table and stood up. "Mr. Xu, that's right, you built this company by yourself back then, but our brothers also put in the effort! In the early stage, if it weren't for the help of us, could you do it!"
Xu Haitian calmed down: "No. I am grateful for what you did back then. You sit down first and listen to me. Our Xu Group looks glorious on the surface. But in reality, I think everyone here is very clear. In fact, our company is too scattered, saying it is a group, but there are intrigues and exclusions. In the past three years, the total GDP of Gusu City has tripled, but our company has only maintained its original level, which means that our three years have actually regressed. I am optimistic about Siyuan Group, so my shares will be invested in Siyuan Group. Of course, the shares in your hands will be decided by yourself."
There was a buzzing discussion at the conference.
Xu Haitian said: "I just say one thing, this is obtained by my pleading with my granddaughter. The current Siyuan Group was just a small enterprise with assets of tens of millions a year ago. Moreover, Siyuan Group will not go public in the near future. It is wholly owned by my granddaughter and grandson-in-law. I told me that I pleading with my mercy and so on."
"Xu Haitian!" Another trembling old man stood up, "Do you think we are all confused? Well, no matter what the real assets of Siyuan Group are, even if it has 30 billion, why can our Xu Group's shares be regarded as one tenth of it? The minimum assets of our Xu Group are estimated to be 10 billion. Shouldn't it be exchanged for three shares?"
Xu Haitian just sat there calmly and said, "Brother, Siyuan Group is a sunrise industry. You can think about how many times has Siyuan Group increased in more than a year? You also see that Siyuan Group is now in a state of insufficient supply. Its cosmetics, medicine, pregnant women and infant products, etc. are all in a stage of supply and demand. Moreover, it is said that the South Korean Luoke Group has intended to cooperate with Siyuan Group and is in deep cooperation. In short, its current assets may not be much, and it may be less than 30 billion. However, if ten shares are exchanged for one, from the future, we will make a profit."
After saying this, Xu Haitian stood up and said, "Okay, let's go out for the meeting. Everyone think about it carefully and don't worry. No matter what decision you make, you won't suffer any losses. I decided to continue to exchange the shares in my hands for Siyuan Group. Let's go to my office. If you don't want to exchange them, we will discuss the asset allocation issue of the Xu Group. Okay, just like that, let's go out for the meeting!"
After saying that, Xu Haitian strode away.
The entire conference room was buzzing.
"Damn! This old man clearly wants to help his granddaughter and grandson-in-law raise funds, and he also said that for our own good, ten shares will be exchanged for one share. Isn't this a scam!"
"Yes! There are still 30 billion yuan. The total assets of Siyuan Group now add up. If there are 10 billion yuan, I will be considered awesome! There is no such thing as this!"
"Yes, Xu Haitian is too unauthentic. I definitely won't change it anyway, and this asset has shrunk too much!"
After the quarrel, the old men dispersed one after another.
In the office, Xu Haitian looked at the departing board members and sighed.
"Dongdong..."
Not long after, the office door rang, and the oldest man came in.
Xu Haitian was stunned for a moment and said, "Brother, why are you here?"
This old man is a far-reaching cousin of Xu Haitian and the boss among Xu Haitian's cousin brothers.
The old man laughed and said, "Of course I came to exchange for shares. Thanks to your care, I occupied 10% of the shares of Xu's Group. Now, I will exchange them for one percent of the shares of Siyuan Group. Oh, I didn't expect that you just let Xu Si start a company by himself. Now that small company has actually taken our company to be annexed."
Xu Haitian opened his mouth and said, "Brother. At the board of directors, you slapped the table to refute me. Why is this..."
The old man smiled tremblingly and said, "Hehe, you really think that my eyes are dizzy. In less than three years, the assets of Siyuan Group will definitely double. My stock will be valuable by then. But it will be as simple as one billion."
Xu Haitian smiled bitterly and said, "Brother, so you did it on purpose at the meeting and didn't want others to join Siyuan Group."
"Of course, those people don't have my eyes so poisonous..."
Before the old man finished speaking, someone pushed the door and walked in again. It was the fat man who slapped the table at the conference.
The three of them looked at each other and smiled awkwardly at the same time.
Xu Haitian pointed at the two people and smiled bitterly: "You guys are really good at acting, but this time you really made the wisest decision."
Soon, the merger of Xu Group and Siyuan Group was completed. Ninety percent of the shares of Xu Group became nine percent of the shares of Siyuan Group, and only ten percent of the shares exited.
In fact, although this financing seemed very unreasonable, the members of the board of directors of Xu Group all saw the potential of Siyuan Group. Although they lost a lot of money in a short period of time and suffered a big loss, they would definitely make a big profit in the long run.
With the 9 billion yuan asset injection of Xu's Group, Siyuan Group almost doubled. Xu Si frowned and integrated the assets. Fortunately, with Xu Haitian here, the old man also helped his daughter manage Siyuan Group.
Siyuan Group is in full development momentum. Although it has not done an asset appraisal, it is generally estimated that Siyuan Group is currently the largest local enterprise in Gusu.
A week later, Song Jian took a plane and flew to Jinling City first. When he arrived at Jinling City, he saw Lu Feng with a smile on his face.
"Damn, Brother Lu, why has your hair changed?" Song Jian looked at Lu Feng with a smile. Lu Feng was originally a head of silver hair, but now most of the silver hair has turned black again.
"Hehe, isn't this the advice you gave me? I feel now that I'm getting younger and younger. Haha, I'm seventy-nine now, I think it's not a problem to live for another seventy years," Lu Feng blocked Song Jian's neck.
The two of them stopped in Jinling City for a while, then took a plane and flew directly to Songshan, Henan City.
This auction was held in the pagoda forest in Shaolin Temple.
Today's Shaolin Temple is no longer the mystery of the past. Now Shaolin Temple has become a fifth-level tourist attraction, and there are countless Shaolin martial arts schools under it. Although the coaches in Shaolin martial arts schools are not necessarily really the monks of Shaolin Temple, who cares about these things, just pay the money.
In those years when the commercialization was first implemented, the abbot of Shaolin Temple did bear tremendous pressure, but now Shaolin Temple has more than one billion assets, and its brand effect is very valuable. In addition, its annual revenue is more than one billion. Whether it is the host or the sweeping monk in the temple, life has improved greatly. In this regard, the commercialization of Shaolin Temple is still very successful.
However, the host of this auction was not the abbot of Shaolin Temple. After all, the abbot of Shakaxin is from a Buddhist college and majored in business administration. He does not know martial arts or preach.
The host is the current president of the DAMO Academy, Master Lede, the De generation, and the uncle of the current abbot.
When I arrived in Songshan, I found a hotel to settle down.
If you want to enter the auction, you need a recommender or something. However, although Lu Feng is not a skilled warrior, his interpersonal relationships are very good, and he can easily get an entrance ticket for himself and Song Jian.
The auction officially began the second day.
In the evening, Song Jian walked in the forest on Songshan Mountain, with a little puzzled look on his eyes. He could feel that this auction seemed not just an auction, because there were many masters who came this time, who were the real masters. Even Song Jian is not the old monsters who are opponents.
"It should be because of the emergence of the Star Alliance," Song Jian murmured secretly, not caring too much. Although he was already a mid-level warrior in the inner Qi realm, he was unwilling to ask more about the grudges between the Star Alliance and the Six Sects of the Spring and Autumn Period.
ps: Thank you for your rewards from "Tian'er", thank you for your rewards from "Nongyue" and "Xiaoyuer", thank you for your rewards from "Thank you for your rewards from "Nongyue" and "Xiaoyuer". Thank you
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Chapter completed!