Chapter 446: All directions are destroyed

Although he was mentally prepared, when the news of Hong Kong Telecom remarrying Star Network came, Yang Xing's opponents were completely knocked out by the news. At the *** Ichinosuke Yasuda, he ordered his subordinates to find out the reason why Yang Xing could raise tens of billions of dollars in just over ten days. Rong Xinyou and Gu He in London opened their blood-covered eyes all night, staring at the host who played Bai Bing in the Yahuangtai Economic Channel, who was interviewing Yang Xing's every move.

"This makes no sense," Gu He murmured to himself. Because the Gu family performed poorly in the new government's crackdown on smuggling activities, the Gu family lost a game in the political struggle. However, the Gu family has a deep roots and still has many ears and ears in the upper class. So they know a little bit about the inside story of the central government's unwillingness to fall into the hands of outsiders and seeking Yang Xing. But they absolutely cannot understand that the central government will provide such great support. You must know that from the joint issuance of the four ministries and commissions to the industrial and commercial affairs, the two major banks in China took action, and only a dozen days apart, is their trust and support for Yang Xing so great?

"He actually used a leveraged acquisition method and proposed to exchange 5 shares of StarDong Network for one share of Hong Kong Telecom. He only needed to take out more than $2 billion and ensure that the acquisition was successful from the bank. With the rise of Nasdaq over the past year, StarDong Network's stock appreciation potential is that the bank will borrow such a large amount of money to him, but the hidden danger is that he will bear heavy debts. No wonder he let StarDong Network instead of StarDong Communications, which produces mobile devices, instead of StarDong Communications.

When I came forward to acquire it, I still had the prospects of online stocks! The stock price of Xingdong Network in the Nasdaq market will definitely rise madly tomorrow. I think Americans are crazy. They are just giving him money to spend randomly, but they will decline. I think how long he will be prosperous." Rong Xinyou has been doing well in the UK over the years, but compared to Yang Xing's current achievements, it is simply not worth mentioning. For him, who has always been smooth sailing, this failure is quite large, and he can only lose the curse of not losing the formation.

Through Zhao Yulan's inside line, although Yang Xing's opponent alliance was hindsight, he still basically grasped the inside story of Zhongxing Group in the Hong Kong Telecom acquisition war. Yang Xing used the common leverage acquisition method in Western commercial acquisitions, that is, the acquirer used his own little capital as the basis, and then borrowed the remaining funds from venture capital funds, banks and other financial units to make the acquisition, and used the company's income to repay the debt generated by the acquisition after the acquisition.

This method sounds simple, but it almost relies entirely on the credibility of the borrower. This means that the name Yang Xing has been recognized by the financial institutions led by Bank of China, and they provide $12 billion in acquisitions. In addition to the central government's support for Yang Xing, it is also a recognition of Yang Xing's business capabilities by the market.

But this caused panic in *** and South Korean business. Yang Xing successfully acquired a large company with assets worth tens of billions of dollars in just over ten days, which put huge pressure on the targets targeted by Zhongxing Group in both countries. In the eyes of Daewoo Group and Fuji Bank, for Zhongxing, which can raise huge acquisition funds in such a short time, its strength seems to be comparable to the Yasuda family.

This made Yang Xing's opponents believe that the secret meeting minutes of Zhongxing Group were true. No one would doubt Yang Xing's ability to launch an offensive against Fuji Bank. There was only the only question left. Will he give up Daewoo Group and attack Fuji Bank?

But obviously Yang Xing would not let his opponents easily figure out his ideas. After successfully acquiring Hong Kong Telecom, he immediately announced that due to the rapid expansion of the group's scale and frequent acquisitions, the debt ratio and liquidity tightness were officially upgraded to ten other listed companies except Xingdou Research Institute to group companies, and accelerated the pace of overseas listing of these group companies' subordinate companies.

This matter was reached last year by the senior management of the group and actively prepared for it. At last year's annual meeting, the headquarters also expanded the operating rights of major companies based on the business needs of upgrading to a group company. In addition to having a veto on major projects, the headquarters basically completely withdrew from participating in specific operations, becoming a pure equity holding and an institution that coordinates the relationship between subordinate group companies and consults on major investments.

As a separate scientific research institution, Xingdou Research Institute has officially won the first place. It will not only serve the group, but also undertake cooperation with other international scientific research institutions to the outside world, sell scientific research patents that do not involve the group's core interests, and even accept research and other scientific research work designated by other companies.

The first consideration for these ten companies that have been upgraded to the group is to integrate the businesses of many listed companies in the Mainland, Hong Kong, Taiwan and Southeast Asia, and unified the corporate image and company structure to select appropriate locations to repackage and list. For example, Nebula Electronics has companies such as Konka and Gree listed in the Mainland, and is also listed in Hong Kong. In addition, it has acquired some local listed companies in Southeast Asia and other places. Not only does the business scope overlap, it is often accused of taking the opportunity to make money. Several other companies also have the same problems.

This is mainly because Zhongxing Group's early business focus was in the investment field. At that time, the eight major companies listed in Hong Kong adopted backdoor listing and other operations, avoiding the rules of many listed companies, and suspected of rushing to make money before the Asian financial crisis. Later, Yang Xing was in a turbulent financial market during the Asian financial crisis, and most of the profits were invested in a series of crazy acquisitions by the company, resulting in the long-term red-word business of various companies of Zhongxing Group, and the stock performance was not very ideal, and was often criticized.

After the upgrade of the top ten companies, they will make every effort to strengthen their main business, integrate their high-quality company resources, seek to list on major financial cities and stock exchanges around the world, and open up funds for new group companies. This was originally planned. And Yang Xing released the news of the acquisition of Fuji Bank in order to promote the acquisition of South Korea's Daewoo Group, and temporarily took action against Hong Kong Telecom, all of which require the attention of the market. Taking this ready-made opportunity, it will accelerate the overseas listing plan of the top ten groups, which can not only create market hot spots, obtain more funds for listing, but also allow investors who have previously invested in Zhongxing Group's corporate stocks to get capital dividends, believing that they believe that the investment in Zhongxing Stock will be rewarded.

In the more than half a year since January 2000, various companies of Zhongxing Group have frequently made efforts in the capital market. With the assistance of many investment institutions such as Xingfu Investment, Goldman Sachs in the United States, and HSBC in the United Kingdom, these ten group companies have adopted methods such as integrating, delisting, renaming, issuing additional issuance, and debt-to-equity conversion to various listed companies. They have been listed in world-renowned securities markets such as Hong Kong, London, New York, Singapore, Tokyo, and Frankfurt at a crazy speed of one subsidiary in almost a week.

In addition to accelerating the pace of overseas listing of its assets, the top ten groups also integrate other assets of the company, and use the issuance of corporate bonds, the introduction of venture capital and strategic investors to comprehensively improve and improve the company's capital and asset structure. The top ten groups were later named by Hong Kong media as the most famous local comic "The Legend of Soldiers" "The Legend of the Soldiers and Mysterious", which shows the wonderfulness of their experience.

With the success of the company's overseas listing, "The Ten Directions are destroyed" companies have not only owned several international listed companies, but also made their backs thicker. Many economic critics unanimously believe that "The Ten Directions are destroyed" is catching up with the bull market of the international stock market. The listing income is far more than the mere US$2 billion when it was listed in Hong Kong that year, but a full US$10 billion! Not only did it greatly reduce the debt generated by Zhongxing Group's acquisition of Hong Kong Telecom, but it also took the opportunity to distribute dividends again, which made many investors who invested in Zhongxing stocks cheer for it.

But in the eyes of Wang Lanzhao, Yasushita Ichinosuke and others, "all the worlds are destroyed" have issued additional stocks in the capital market and actively diluted their own equity. This approach is like the trick of escaping before the Asian storm came. There are only two reasons for using equity for cash. One is that Yang Xing once again predicted that there was a huge crisis and took advantage of the opportunity of the stock market's surge to cash out at a high level and put it in a safe position. They noticed that Yang Xing's friend Zhang Shengli chose him to sell his shares for cash at the end of the ban on the Nasdaq software company. This is hard to believe that it is a coincidence.

Secondly, what they are most worried about happening. Yang Xing is really preparing for the acquisition of Fuji Bank. The reason is very simple. Although South Korea's Daewoo Group claims to be in debt of US$80 billion, its total assets are actually only about US$30 billion. The Daewoo bankruptcy committee sent by the South Korean government does not agree to the sale of the Daewoo Shipyard and other group core assets, which are related to the interests of the ***. For this reason, it has been lifted that most of the debts borrowed by Daewoo from banks with close ties to the government. In fact, only US$10 billion is enough to take over Daewoo Group. With the strength Yang Xing showed when acquiring Hong Kong Telecom, this is not a problem, but why did he rush to the stock market to make trouble? Unless he is planning a bigger goal.

Just when Zhongxing Group launched a listing frenzy, which made his opponents uneasy, Zhongxing Group gained an unexpected benefit from the successful acquisition of Hong Kong Telecom in March. The Hong Kong government, one of the major shareholders of Hong Kong Telecom, announced that in order to cooperate with the Hong Kong government, it will introduce a number of policies to enhance local competitive strength and build a local high-tech manufacturing industry. Hong Kong's three major sovereign funds, which performed outstandingly in the Hong Kong dollar defense war in 1998, decided to invest US$15 billion in Kwun Tong Industrial New Area and jointly establish a technology fund to attract high-tech enterprises to settle in and support and develop with Sky Star City Industrial Park.

Since the fund use rights belong to the construction of Sky Star City Industrial Park Committee, it means that Yang Xing, the boss behind Sky Star City, has another large amount of funds that can be mobilized at will. This is tantamount to sending an unknown signal to Yang Xing's next hunting goal, because whether it is the high-tech patents of Daewoo Group or the stocks of many well-known high-tech companies owned by Fuji Bank, they are all legitimate investment goals of the fund.
Chapter completed!