legendary trader

Chapter 858 New Target 859

Regarding the news from Old Liu, Zheng Xiaopang thought for a while before saying: "I don't know, I heard that there is a lot of money in the account in the south, but it seems that they are not willing to reduce the loan by [-]% according to the wishes of the Chinese businessmen. Their assets and annual profits are good, and the value of the collateral can fully cover the loan, and the bank's requirements are excessive.

Still, I think they're worried about starting a chain reaction.

You know, they have a lot of loans. If every bank asks for a [-]% reduction in loans, it is estimated that their liquidity will be gone. "

Zheng Xiaopang said cheerfully on the side, "It is very likely that it is because of the huge loss at Enron Company. The bank is a little worried that the South will fall into the predicament of breaking the capital chain. They send umbrellas on sunny days and take them back on rainy days. They are very sneaky."

"Is the asset quality of Southern Group so high?"

Chen Fan asked suddenly.

"I'm not sure about this, you can ask Lao Liu or Zhang Quan to help you look it up and evaluate it."

Having said that, Zheng Xiaopang turned his head to look at Chen Fan, and asked in surprise, "Why, do you still want to buy the assets of the Southern Group?"

"If it's really a high-return asset, wouldn't it be good for us to buy it and lie down and make money?"

Chen Fan didn't answer, but asked directly.

Zheng Xiaopang smacked his lips, noncommittal, and said after a while: "I guess it's unlikely. After all, the major shareholder of the South is Xiangjiang Industrial. Although it is said that it is only a name, it may be completely separated in the future, but there is the brand of Xiangjiang Industrial. It should be It won’t be so troublesome as to sell the property.”

"In fact, it depends on the attitude of the bank. Do you think it is possible to ask the bank to put pressure on them and force the loan?"

Chen Fan suddenly said calmly.

"You want someone to influence the bank?"

Zheng Xiaopang stared at Chen Fan with wide eyes, maybe he was surprised by the idea of ​​his black hand, why didn't he find that Chen Fan had such a dark physique before.

"Can Second Brother Wang and his gang do it?"

Chen Fan looked at Zheng Xiaopang, and asked with a faint smile on the corner of his mouth.

"A small number of banks may be effective. After all, the capital structure of banks is very complicated, so I guess it should be able to affect some."

Zheng Xiaopang was very hesitant at the moment, and said not very sure.

"It doesn't need much, as long as one bank forcefully asks for a loan reduction, it can affect other banks. You can pay it back, why can't you give it to me."

Chen Fan's smile became stronger now, "As long as the banks start to tighten their loans, I think there will be a chance to spit out something from them. Of course, if Xiangjiang Industrial intervenes and provides him with a loan, it will be treated as a gift to him." They’ve made it easy, so there’s no need to worry too much about it.”

"You can try it, maybe it will work. But don't hold out too much hope, it's probably just embarrassing them, and it won't affect the overall situation of the Southern Investment Group."

Zheng Xiaopang nodded, he was aware of the several cooperations with the Mu Family of Guangdong Province in the future, they all had little tricks behind their backs, and their purpose was not pure, but their foundation was solid, although they knew that they had tricks, but they couldn't find any reason to do so.

In fact, it's useless even if you have a handle, it's just a commercial behavior.

Because to be honest with Chaofan Investment, I dare not say how solid the basic market is, but it is also a strong family, and the business is relatively conservative, and it has not expanded on a large scale. The main business is still investment. It is the Internet company of Shencheng and the investment company of Imperial Capital.

However, neither of these two places is aggressive, and the development is still gradual. It is true that the website burns money, but Chaofan Investment has money to burn, and the investment company here seems to invest a lot, but relatively speaking, it is all small money. , Even if you lose a few investments, for Chaofan Investment, let alone hurt your muscles and bones, you don't even feel pain, so the Mu family really can't find a place to talk.

"You don't want to take down Tutu, do you?"

Zheng Xiaopang asked suddenly.

He knew that after Chen Fan used TT, he thought it was pretty good and wanted to invest in it, but he was directly rejected. That's why he got the current IM chat software. Chen Fan wanted to acquire assets from Southern Investment Group. , it's not because you want this, but.
"Tutu belongs to Southern Investment Group?"

When Chen Fan heard Zheng Xiaopang mention Tutu, he asked casually.

Zheng Xiaopang was stunned when he heard the words, and shook his head, "I don't know. At the beginning, Lao Liu only said that Tutu was invested by the Mu family and accounted for the majority of the shares. He didn't say whether it was a private investment or an investment through a company."

Well, at this point, Zheng Xiaopang knew that he was thinking too much.

"On weekends, ask Second Brother Wang and the others to see if they can be dealt with. Later, you can help me find Zhang Quan and Lao Liu, and ask them to look up the information of Southern Investment Group. The more detailed the better, see what they have what company."

Chen Fan continued, it seemed as if he was only in need.

But Zheng Xiaopang rolled his eyes when he saw it, feeling that this is unreliable, the family has no shortage of funds, it is a drama of fighting for family property within the family, but the old man of the Mu family is still there, it is unlikely to lose the chain on this pawn.

But what Chen Fan said was right, even if they couldn't be moved in the end, he still had to embarrass them a little bit and get back some interest.

"Okay, I'll contact them later and let them move."

Speaking of this, Zheng Xiaopang suddenly asked again; "Aren't you going to go out for a walk? When are you going to go?"

Zheng Xiaopang asked suddenly.

When it came to his plan to go out, Chen Fan hesitated for a moment before replying: "Wait first, we will leave after we have the results here, so as not to hurry back if there is a chance, Anyway, I have a lot of free time now, and I can leave whenever I want."

Lao Liu and Zhang Quan soon received a notice from Zheng Xiaopang, asking them to keep an eye on the news of the Southern Investment Group, and at the same time check their assets and conduct internal evaluations.

And on weekends, after Chen Fan, Second Brother Wang and the others drank and ate, they all lay in a big box and enjoyed the foot washing service, and then kicked out the waiters, and they chatted for a long time afterwards.

In the next two days, Chen Fan first got the accurate news that TT Company was not in the investment project of Southern Investment Group, but was invested by the Mu family's family fund. Afterwards, the asset layout of Southern Investment Group gradually became clear.

In recent years, the Southern Investment Group has been attacking in all directions in Huaguo and bought a lot of assets, but generally speaking, these assets are mainly public utilities and financial assets. Of course, there are other companies, such as Shengtian Entertainment.

However, this company was injected into the Southern Investment Group from the Mu Family Fund as an investment, and it was not acquired by them.

Public utilities cover water and gas, and most of them are concentrated in urban areas. There are signs that they also plan to enter sewage treatment projects, but at this stage, the profitability of such enterprises is not strong, and government subsidies are needed to maintain profitability, so they are only in touch. No real acquisitions have been launched yet.

The financial assets are the equity of several city commercial banks in the southern Guangdong Province and some domestic small and medium-sized insurance companies that Chen Fan has known before.

Apparently, Southern Investment Group has felt the huge financial pressure brought by continuous acquisitions, so they consciously extended their tentacles to small local financial institutions. Although these financial institutions cannot provide them with a large amount of financial support, they still have some contributions.

After evaluation, most of the researchers’ opinions are relatively unified. The quality of these assets is generally good. Among them, the value of public utility companies is relatively easy to measure. However, the annual profit is still a little after deducting bank loans. Such a leveraged buyout should be said to have a good investment efficiency.

As for the evaluation of bank-type financial institutions, it is a little more troublesome, because they are all unlisted banks and can only get a small amount of financial data, so they are basically blind to the operation of these banks.

The quality of Southern Insurance Group seems to be pretty good. Although Southern Insurance is not a listed company, several insurance companies in the group can only be regarded as mid-tier in the ranking of domestic insurance companies. At least after the integration, there is no obvious advantage. , but the biggest feature of an insurance company is its abundant cash flow.

The annual premiums are relatively stable. As long as no big mistakes are made in investment, generally speaking, insurance companies will face little crisis and can use money to generate more money.

For investment, this is Chen Fan's strong point, but it is enough to grasp the investment direction. In fact, it is still the same until now. The investment business in Rongcheng has to send the position details and new investment plan to Chen Fan every month. .

Therefore, the opinion given by the analysis team is to pre-select the insurance companies under the Southern Insurance Group, and for those public utility companies that can bring stable income, it is suggested that they can still invest on the basis of excluding the premium attached by the Southern Investment Group. of.

However, Chen Fan scoffed at this opinion a bit. He bought the assets at a premium of [-]% to [-]%. If you want the other party to pay a reasonable price, the previous premium would directly result in a loss. I’m afraid it’s a fart. At least he would never be willing to do that. Dry.

In fact, relatively speaking, Chen Fan still wants to eat the assets of the Southern Utilities Group if he has the opportunity. As for these public utility companies, Chen Fan naturally feels that this kind of residents cannot live without them because he enjoys these services. Business is a good investment direction.

Although this type of enterprise has a big problem that the growth of the company is limited, they all rely on the development of the city where they are located, including the constraints of population growth. They are not as rapid and explosive as some enterprises, but for those who like As far as the capital with stable income is concerned, it is the favorite project.

For now, Chaofan Investment has a huge amount of money on its books. Because there is no new investment direction, it has been idle on the account. It is naturally a great thing for Chen Fan to win these industries that are related to the national economy and people's livelihood. It can improve the company's profitability. Influence.

However, compared with Chaofan Investment Company, acquiring such assets as an insurance company will undoubtedly increase the company's investment scale. Although Chen Fan doesn't think it will have much effect, after all, the size of the domestic financial market is just like that. If you apply to invest in overseas markets , it needs to be supervised by the China Insurance Regulatory Commission, which is completely different from the previous Chaofan investment, because there is no external fundraising, the China Securities Regulatory Commission does not pay much attention.

However, because Red Sun Fund also participates in overseas market investment, it now has to submit reports to the China Securities Regulatory Commission and industry associations every quarter. Although it does not involve specific investment projects, it must provide financial reports for the period to let the regulatory authorities understand the operation of the fund. Situations are sometimes troublesome.

In the domestic financial market, especially the stock market, there are still relatively few large-scale listed companies, and they have to take into account their excellent profitability, so there are really not many targets that can be invested.

This is also the reason why Chen Fan participated in the hype of Maojian shares. He intends to hype it hard, and also speculate a large company with a market value of [-] billion in China. Of course, there are many other companies that are more suitable. Although there is no market value of [-] billion in China now There are still quite a few companies worth tens of billions of dollars, but they are not familiar with them after all. If you really want to get involved, be careful of being regarded as a hostile takeover, and it will be troublesome if you backhand them to death.

Chen Fan has already determined the targets that can be acquired in his heart, and the public utility company is still the first target to increase the company's influence. As for the profits, they are actually very considerable.

And the news that came out continuously later said that the Chinese Commercial Bank really took action against the Southern Investment Group and strongly demanded that it reduce the loan amount. However, the representatives of the Southern Investment Group are still in secret communication with the Chinese Commercial Bank. Not sure.

After receiving this news, Chen Fan could only praise Second Brother Wang in his heart. They really influenced people in the banking industry. Chen Fan didn't bother to ask how they did it, as long as the result was achieved.

Immediately, Chen Fan found Xie Kai in the company's office, because he had met people from Southern Investment Group many times during his business relationship with Shengtian Entertainment, and he had a little foundation. The intention of Chaofan Investment to acquire the utility company under the Southern Investment Group was passed on.

"sit."

After seeing Xie Kai enter the door, Chen Fan motioned him to sit down and talk.

After Xie Kai entered the office, he was still very confused inside. He didn't know what Mr. Chen, who usually doesn't come to the company, called him for.

"Remember when you told me that you met people from the Southern Investment Group at the dinner party held by Shengtian Entertainment, right?"

Chen Fan said straight to the point.

"Yes, the manager of Southern Group's Imperial City Company is Shao Qianwen."

Xie Kai replied, but to be honest, he is still a little lost at the moment, and he doesn't know why Mr. Chen suddenly asked this.

I heard that Shao Qianwen used to be the supervisor of Shengtian Entertainment. Although she is a woman, she is very capable in speaking and doing things. Although she looks good, she is in her 40s. Of course, Xie Kai would not think that Chen Fan Play other people's ideas.

"What is the main business of the Southern Investment Group in the imperial capital?"

Chen Fan continued to ask.

"Managing investment projects around the imperial capital, I don't seem to have heard of them investing in the imperial capital, but they have water companies in the surrounding counties and cities, and it's similar to what I do, screening venture capital projects and submitting them to the head office for evaluation."

Xie Kai said.

Chen Fan nodded slightly after hearing this, and then pushed a piece of information in front of him to Xie Kai, "Look at the above, find an opportunity to spread the news, I want to acquire some public utility assets, pay attention to the method."

(End of this chapter)