Reinventing the Millennium.

Chapter 679 Rejection
After seeing the two leaders of ICBC consecutively, Fang Zhuo had a vague outline of how to deal with this matter.

When it comes to the biggest industry in the universe, you must put things first, and make the work you do beautiful.

Because ICBC's pre-listing shares are indeed a big piece of fat.

Under such circumstances, the only way to truly reduce the risk of those two concerns is to clarify the dominance of the funds that they can raise.

Otherwise, there is no difference between an uncontrollable Deutsche Bank and Goldman Sachs.

Fang Zhuo doesn't think he can exert much influence on Deutsche Bank. Similarly, he doesn't think that Zhang Hongli, who has only moved from Goldman Sachs to Deutsche Bank for four years, has much decision-making power at this level.

Once this is done according to Zhang Hongli's design, suppose that one day in the future, Deutsche Bank will sell ICBC shares due to financial reasons...

Even, according to the urine nature of these foreign capitals, it is not impossible to sell first and then short.

Then, ICBC is embarrassed, he is embarrassed, and Zhang Hongli may not be able to deal with himself. After all, he was born in a compound.

However, with the support of the two leaders and the people behind them, doing things purely in the name of the MIGA Fund can be put on the table, but the background is still not enough.

If it can dominate funds and be embellished by well-known financial institutions, then no one can really blame it.

On the one hand, Fang Zhuo considered Deutsche Bank’s capital and nominal backing, and on the other hand, he also considered MIGA Fund’s long-standing partners in the United States.

MIGA Fund is well-known in the Chinese community on the east coast of the United States. At the beginning, it radiated influence centered on New York. Later, with a few quite good operating income, it gradually absorbed Chinese funds in Miami, Seattle, Los Angeles and other cities.

And its breakthrough operation lies in the publicity after the Rockets were acquired.

In this regard, Kong Yu, the person in charge of the fund, expressed regret that it would have been great if the boss had bought a New York or Los Angeles team, which would surely bring greater fame and a steady stream of funds.

Up to now, the funds managed by the fund department are about US$46 billion, and the main investment strategies are real estate, Asian and emerging market stocks, high-yield bonds, convertible securities and subordinated debts.

For subprime debt, there are Washington Mutual Bank and U.S. Bank, which have very good cooperative relations. These are the institutions that Fang Zhuo considers to be able to draw together.

The degree of internationalization of Washington Mutual Bank is not high, but U.S. Bank is the fifth largest commercial bank there. Although it is not as famous as Goldman Sachs, it is still very famous.

The funds managed by the MIGA Fund belong to the client, and after becoming formalized, what they earn is the distribution of management fees and excess returns.

According to ICBC's intention, what it hopes to replace is the share of Germany's Allianz Group, that is, 10% of the shares for US$2.5 billion.

Fang Zhuo's initial consideration is to deliver part of the proceeds of the MIGA fund ahead of schedule, coupled with the fundraising of new products, and then get three foreign banks to back it up, so as to allocate sufficient funds.

When a bank like ICBC goes public, it can make money even if it invests with its eyes closed.

Similarly, in this wave of capital market-oriented operations of many domestic banks, including it, foreign investors with money and qualifications are scrambling for the first place without hesitation.

For Deutsche Bank, U.S. Bank, and Mutual Aid Bank, they will not be unwilling to participate, they will only think too little, not too much.

Fang Zhuo planned to pool the fund's money first, and then find other parties to make up for the rest.

As President Wu said, this time he succeeded in taking a bite, which can be considered as a disguised form of financial support from the state. If he really wants to take a loan, then how much can he get.

After some intense contact with Kong Yu, Fang Zhuo wrote down the proposed framework, and went through the information he had learned. Before he could think about it, an unfamiliar number made the phone vibrate.

"Hello. Who is this?"

Fang Zhuo has gotten used to the fact that private numbers are not so personal.

"Mr. Fang, I'm Huang Xiuhong." The caller was Huang Xiuhong from the Huang family whom I met in Wu Qian's office this morning. When did you come to the capital, Gome and Tesco had a lot of misunderstandings before.”

She paused and continued: "As the person in charge of Gome, I both apologize and hope that the two sides can clear up the misunderstanding. Gome is the largest home appliance chain company, and Tesco is an emerging online B2C company. Space for cooperation, I wonder if Mr. Fang is not convenient to meet and chat?"

Huang Xiuhong returned from Fuxingmennei Street today, and urgently asked a lawyer to contact her brother to talk about what ICBC saw.

According to my brother, Gome's loan from ICBC is not huge, and the company's fundamentals are still solid, so there is no need to worry about troubles brought about by this aspect.

However, after thinking over and over again, Huang Xiuhong still thinks that when it is time to show weakness, she must show weakness, and she can no longer be as domineering and unscrupulous as her brother.

Although Gome's market share is still very stable, this is the biggest factor in measuring value in the capital market, but if there is less trouble, it will be less trouble, so why bother with that Fang Heizi?

So, she found Mr. Fang's number and made the call with great sincerity.

"Inconvenient." Fang Zhuo said concisely.

Huang Xiuhong was confused all of a sudden, Mr. Fang, Fang Heizi, isn't that a little impolite?

"As far as normal business competition is concerned, each depends on his ability." Fang Zhuo said again and hung up the phone.

Just kidding, in order to compete with Gome and e-buy to take this opportunity to accelerate its development, there are so many methods back and forth.

Gome, don't call me again, I'm afraid Suning will misunderstand.

What's more, the rift between each other is already quite deep, so if they have this time to play around, it would be better to find a relationship to see Rhubarb always be happy.

Fang Zhuo was playing with his mobile phone. Because of such a call, he suddenly remembered the Puma case, so he called the Anliang Chamber of Commerce and asked them to help pay attention to Liu Wuyi, the controller of Pusmart's escape.

The name sounds like a pseudonym. Although I don't know if I can find him, but kind thoughts strike, and this can be regarded as a good deed every day.

Speaking of which, it started because of Rhubarb's competition with the United States, wrapped in the skin of the Pricesmart case, and finally got on the line with the head of ICBC to reform the shareholding system. The result of this trend really exceeded Fang Zhuo's expectations.

Looking at it this way, if the cooperation with ICBC is really successful, then I really have to thank Mr. Da Huang.

It's been a long time since Shencheng said goodbye.

Fang Zhuo was fascinated leisurely, wondering if all kinds of actions such as the competition of e-buy, the promotion of policies, and the changes of banks could shake a person like Mr. Da Huang a little bit.

(End of this chapter)