There is a bar in Houhai

Chapter 446 Split
Cai Ruiheng and Tao Chengren rushed from Shanghai to Hangzhou at eight o'clock in the morning, and they were still a little excited about being able to cooperate with Ahri.

"Mr. Cai, how is Africa? I saw the photos you posted on social platforms. You seem to have had close contact with lions." In the living room of the suite, Shen Fang took out a bottle of whiskey and poured them two glasses.Looking at the tanned Cai Ruiheng, he couldn't help but tease: "I guess you came back from South Africa by plane, many people thought you were an African tourist and came to China."

Cai Ruiheng laughed at himself: "Don't tell me, when Yingzi and I got off the plane in Yangcheng, some taxi drivers asked me where I was from in Africa."

Then Cai Ruiheng asked his assistant to hand over a gift box, and handed it to Shen Fang himself: "This is a woodcarving work I bought in a tribe in Africa, and I happened to bring it to you today."

Shen Fang opened the packing box, and inside was a wooden figure, freehand brushwork, with two eyes randomly poked in small holes, the mouth carved from the opening of the log, and the nose twisted into a simple geometric shape. The shape is realistic, and the details are not emphasized. Partially, it looks very casual and simple; but overall, it reveals a lively and lively inner sense of life.

"It's really a work of art, thank you." Shen Fang watched it carefully, then rewrapped it and put it away, and then began to discuss with the two how to deal with Ant Financial's financing appeal.

Tao Chengren turned on the computer and showed the collected information to the two of them: "I know about the equity structure of Ant Financial. In fact, his main shareholders are Hangzhou Junhan Equity Investment Partnership and Junao Equity Investment Partnership. The company already holds 75% of Ant Financial’s equity, and already has the absolute right to speak.”

"In these two companies, all shareholders are LP investment shareholders, and only Yunbo Investment Consulting Co., Ltd., which is 100% controlled by Mr. Ma, is a GP shareholder. However, Yunbo Company holds less than 0.2% of the shares of the two companies. That is to say Teacher Ma can control this potential Ant Financial with 0.2% equity.”

Shen Fang couldn't help nodding aside: "This is the embodiment of Mr. Ma's personal charm. These two companies belong to similar private equity funds, and most of the LP shareholders are employees of the Ari family who have no right to speak. For the financing of the Zhejiang business circle, these companies have great confidence in him to invest in these two companies under him." For Ma Yun, Shen Fang still admired him, sighed, and continued to ask: " What about the owner of the remaining 25% of Ant Financial’s equity?”

"At present, it is basically the Huaxia state-owned investment institutions located in Hangzhou. These are also limited partners. Guoyuan Guokai, Tianhong Fund, Huaxia Life Insurance, etc. occupy the most shares, and the total amount is less than 10%. The remaining 15% is Shareholders who are preparing to recruit externally."

Cai Ruiheng said to Shen Fang: "According to the current valuation of Ant Financial's external financing, it is about 300 billion U.S. dollars, and this part of the equity needs about 50 billion U.S. dollars."

"The value of Alipay alone is more than 200 billion U.S. dollars." Shen Fang nodded and said to Cai Ruiheng: "The remaining funds in my hand are about 20 billion U.S. dollars, and I can get about 6%."

"Mr. Shen, I have a proposal." Cai Ruiheng looked at Shen Fang and said uncertainly: "Our Wild Fox Investment has always maintained its independence in the United States and never accepts external fundraising, but our investments are basically in Silicon Valley. Most of the emerging companies are angel investments. Thanks to Mr. Shen’s precise vision, they can develop to this scale.”

"You're too famous." Shen Fang shook his head embarrassingly. Only he knew the secret of his success, but as time went by, the hurricane instigated by his own butterfly had more and more influence on the world, and the world was changing. , the future is already unknown, and the challenges are gradually increasing.

Cai Ruiheng continued: "My idea is that the outside world is very optimistic about all the projects invested by Wild Fox. There are many investment institutions in Shanghai who have long wanted to invest in our company. Regarding the equity, we will not accept dilution for the time being. However, I suggest increasing private equity channels. It has been two years since I came back from the United States that I really know that there are so many rich people in Huaxia. Become a world-class investment company such as Sequoia, SoftBank, and Temasek.”

Hearing Cai Ruiheng's suggestion, Shen Fang fell into deep thought. He has always had the idea of ​​establishing an investment company, and he has even considered the company's structure.But he has never agreed to open up financing channels, because he is afraid of releasing this tiger.In the past, the angel investment that I operated by myself was small and big, as long as I had a precise vision, I could get huge profits, and even if I lost money, it would not hurt the body. Just like Shen Fang laughed at himself, he was a speculator rather than an investment.

However, private equity investment is not the case, because capital is greedy. If you take the current investment return ratio of Wild Fox Company as an example, it will definitely absorb a lot of social idle funds.According to the level of wealth in Jiangsu, Zhejiang and Shanghai, this amount will definitely be scary, and even within a few years, the disposable funds will reach tens of billions of dollars, and the market share that can be leveraged by this fund is even more astronomical.Shen Fang really didn't have much confidence in how to control the funds.

Although he has been a human being in two lives, Shen Fang is still a person who is more emotional than rational, and he will inevitably be afraid of things that are beyond his control.He was reborn in this life and has no worries about food and clothing. What he pursues is family affection, love and an ordinary life. If he is asked to calculate the ratio of investment income every day, and always pay attention to the adjustment of national policies and changes in domestic and foreign situations to calculate the income of funds, then It is better to let him die.

But Shen Fang knew that Peter Humphrey, who was hated from Wall Street, Cai Ruiheng, who was laid off by Morgan Stanley, and even Tao Chengren, who resigned because of his frustration at the Securities Regulatory Commission, all had this desire and ambition in their hearts, hoping to seize This opportunity for Huaxia to take off and rise to realize its own ambition.Because of Shen Fang, they are also suppressing, except partly because they are relatively satisfied with their current life, and more of it is a kind of gratitude to Shen Fang for helping them for so many years.

Shen Fang looked at the slightly nervous Cai Ruiheng in front of him, picked up the bottle and poured him a glass of whiskey. It was time to make some changes: "I want to split the Wild Fox (Huaxia) Investment Company into a holding company. Group companies and investment consulting companies. Wild Fox’s existing assets and previous investments are all owned by Wild Fox Holdings Group, and all of you hold the same equity.” You can’t put all the chips out, this is also to leave everyone a back road.

The two did not intervene, and let Shen Fang continue to finish the topic: "In addition, we will establish Wild Fox Investment Management Consulting Company, which will carry out fund custody business, and will be responsible for all investment projects including those under negotiation in the future. The investment principles of American companies are inconvenient, while Huaxia companies will mainly carry out angel investment in the primary market, as well as PE investment (equity investment) that you and Peter are good at, with priority for investment in new energy and medical and health industries."

Cai Ruiheng was very excited to see that Shen Fang agreed to start an investment company for external fundraising. He has been in the financial industry for many years and he is keenly aware of the opportunities for China to take off due to policy dividends. Now that Shen Fang agrees to start an investment business, he will provide them with A great opportunity.

Shen Fang continued to say to several people: "The registered capital of the new investment company is 5 million US dollars, Wild Fox Holdings holds 40% of the shares, and Qin Mohan and I each hold 10% of the shares. As compensation for the shares of the original investment company, Peter and Mr. 7% of the shares, Linda 6%, Lao Tao 5%, and the remaining shares are given priority to the employees of Yehu Company. Regarding the appointment of personnel, Yehu Holdings will have me as the chairman and Mr. Cai as the executive director. Huo Mingda is the CEO. Wild Fox Investment also has me as the chairman and Peter as the executive director and CEO. I will nominate Mr. Cai as the COO (Chief Operating Officer), Manager Tao as the CFO (Chief Financial Officer), and Qian Bin as the My assistant, transferred to the investment company to be responsible for investment supervision and logistics work, he will own 2% of the shares, and the investment company will be instigated by the few of you."

"Wow, we're under a lot of pressure when you say that." Tao Chengren didn't expect that Shen Fang would give him so many shares and rights. He was no better than Peter and Cai Ruiheng. Even Linda had been Shen Fang's assistant for many years. It has only been more than a year since he joined the Wild Fox Company, and Shen Fang's trust made him feel a little stressed.

"I believe in your character. My eyes haven't missed anyone yet." Shen Fang pointed to his eyes and said to Tao Chengren: "You can rest assured about the operating funds. I will inject 20 billion US dollars to the investment company For hosting operations, I will communicate with the Shen family in Shanghai to absorb the idle funds of Shanghai enterprises and investment institutions, and the funds controlled by the investment company in the initial stage will be between 50 billion and 100 billion US dollars."

"So much money?" Tao Chengren asked in surprise, and even Cai Ruiheng was a little surprised by these funds.

"The pressure will be a bit high." Shen Fang looked at Tao Chengren and said: "The three-year annualized rate of return of these funds is at least 10%, and it is possible to obtain more financial support, so it is time to test you."

At present, the national real estate speculation is hot, and the annualized rate of return of the private equity funds of the real estate speculation groups in Wencheng has promised to exceed 50%. This is a very scary thing, and the bubble has already accumulated a lot. How many people will lose everything.The 10% annualized rate of return required by Shen Fang is the normal rate of return for a private equity fund.

"No problem, we still have confidence in this." Cai Ruiheng expressed his position to Shen Fang. Given the current economic development situation in China, there should not be too many investment fields. The new energy and medical health proposed by Shen Fang are one of them, and logistics express The industry is another industry that Cai Ruiheng is more optimistic about.

The three communicated briefly. In the afternoon, Cai Ruiheng and Tao Chengren will represent Shen Fang to Ari Company to discuss matters related to investing in Ant Financial.Regarding the fundraising in Shanghai, Shen Fang planned to go to Shanghai in person after the recording of this issue of "Running Man" to communicate with his cousin Shen Yao face to face.

(End of this chapter)