I Won a Prize of 100 Million at the Beginning, and I Became a Capital Boss

Chapter 91 Set up a family office!
Xu Ru stayed in Hong Kong Island for two nights and then went back. Zheng Wentong, Meng Qian, and Zhao Hailong stayed. He wanted to set up a family office in Hong Kong Island to allocate his personal assets.

He needs to recruit talents in lawyers, finance, auditing, taxation and investment. The leader of the investment team is recommended by Zhong Lifang, a top student at the Wharton School of Business at the University of Pennsylvania, Lin Feng.

Zhong Lifang has also known him for more than ten years, and served as a partner of Goldman Sachs Hong Kong Island Branch in the first two years.

Lin Feng resigned before he was promoted to senior partner and began to travel around the world. He has been to Antarctica, climbed Mount Everest, and sailed across the Pacific Ocean. He loves fitness and rock climbing.

Zheng Wentong is also a little envious of Lin Feng's rich and colorful life experience. He can enjoy life with financial freedom, and he doesn't have to think about retirement before the age of 35, because the working life of code farmers can't live beyond the age of 35.

Lin Feng very much agrees with Zheng Wentong's approach of separating company and personal assets. Even if it is a sole proprietorship, you can't just take the company's money into your personal account.

Zheng Wentong injected $3000 million into the family office, reaching the threshold for setting up a family office on Hong Kong Island.

The funds are divided into two parts, one part is to buy Bitcoin and Ethereum, and Zheng Wentong takes care of it himself.

The other part is handed over to Lin Feng, who can buy stocks, bonds, and stocks. Zheng Wentong suggested that Lin Feng can buy more Geely Automobile and Country Garden stocks.

Zheng Wentong also made a will under the witness of a lawyer and distributed his personal property. If the individual dies due to illness or accident, all the shares of Slope Capital will be transferred to the Zheng Family Trust.

The relevant heirs he designated can receive a fixed monthly living allowance from the family trust, just like Xu Jinheng and Li Jiaxin.

Neither the parents nor Bai Xiaolu have the ability to run a large investment company, so it is better to hand over the management rights of the company to a third-party professional team so that they can live a comfortable life in advance.

Zheng Wentong's lawyer was very surprised, because it is rare for such a young rich man to make a will in advance.

The reason why Zheng Wentong had this idea was also inspired by the sudden death of Li Ming, the founder of Galloping Horse.

If Li Ming had made a good will and dealt with the equity held by Li Li and Li Ping on behalf of the sisters, no matter whether it was Zhong Lifang who took over or Jin Yan who took over, there would be no tragic ending like a pony galloping and leaving others behind.

Zheng Wentong still left the last dignity for Li Ming's family, allowing Jin Yan to retain the honorary chairman and hold 1% of the shares, which is enough for the mother and daughter to live comfortably for the rest of their lives.

Before being reborn, Jin Yan was carrying more than 2 million yuan in debt, and had been busy with litigation, carrying huge debts, and was overwhelmed. The current situation is the best outcome.

Zheng Wentong plans to transfer the 15% equity of Mihayou Technology held by Slope Capital to his personal family office. In a few years, this equity will be worth 300 billion.

At present, there are two shareholders of Slope Capital, Zheng Wentong personally holds 80%, and Dutch Slope Foundation holds 20%, and the actual controller of the latter after penetration is also him.

MiHoYo Technology is currently valued at about 10 billion, and 15% of the equity is 1 million.

The slope foundation holds 20% of the equity of slope capital, which means that the value of the equity held by the foundation is 3000 million yuan.

Zheng Wentong personally paid 3500 million to the Slope Foundation, and with the understanding and consent of the foundation, he can transfer all 15% of the equity of Mihayou Technology to Zheng Wentong's family office.

In the third quarter, Slope Capital distributed 3 million yuan in dividends. As a major shareholder, Zheng Wentong received 2 million yuan, and Slope Foundation distributed 400 million yuan.

In this way, Zheng Wentong established the Slope Public Welfare Foundation in Jiangchu City with his left hand and his right hand. The source of funds for the establishment of the Slope Foundation in Jiangchu City became 9000 million from the Dutch Slope Foundation, and 999 million from Zheng Wentong himself.

The Slope Public Welfare Foundation has become the Chinese branch of the Dutch Slope Foundation.

However, the chairman, vice-chairman, supervisor, director, and secretary-general of the foundation must be Chinese citizens.

There are many advantages in this way: first, Zheng Wentong's contribution will be reduced, but it will not prevent him from managing the Slope Charity Foundation.

Second, with a foreign investment background, Zheng Wentong can confidently reject some unreasonable demands and dismiss some ghosts and monsters.

Third, he can continue to transfer the dividend income of Ramp Capital to the Dutch Ramp Foundation, and then complete overseas investment or continue to make charitable donations through the foundation.

After the Slope Public Welfare Foundation is formally established, Zheng Wentong will manage one of his close relatives to become a Dutch citizen.

As an agent, she helps manage the Dutch Slope Foundation. It doesn't matter if she doesn't know a foreign language. Zheng Wentong will hire a professional team to help.

The reason why Zheng Wentong established a family office in Hong Kong Island is not only to help him manage his personal assets, but also to prepare for the listing of Galloping Horse on the Hong Kong Stock Exchange.

In the past few days, he took a quick look at the flowers and contacted many executives from Goldman Sachs, Merrill Lynch and Deutsche Bank.

Among them, Cheng Wei, vice president of Deutsche Bank Asia Pacific, is more interested in Zheng Wentong's plan to re-operate Galloping Horse on the Hong Kong Stock Exchange.

"Actually, many financial institutions on Hong Kong Island have heard of Mr. Zheng's name. He is able to control a large-scale film company in the mainland at a young age. He is also very skilled in capital operation, and Mr. Zheng is also very good at marketing."

"Speaking of which, Mr. Zheng is still an old customer of our Deutsche Bank. If it wasn't for Mr. Xiong's introduction, we would not know that Mr. Zheng's company actually holds high-quality shares in many Internet companies under the name of Mr. Zheng."

Cheng Wei was also surprised. Zheng Wentong previously pledged the shares of Himalaya and Bilibili held by Ramp Capital to Deutsche Bank successively, borrowing a total of 6500 million. The two loans were settled ahead of schedule at the end of June, which shows that Zheng Wentong’s company has indeed made money in the stock market. Quite a lot.

In mid-July, Incline Capital successfully acquired Yanjing Pony Pentium Culture Media Co., Ltd., investing 3 million yuan to support Ning Hao and Zhang Yibai to shoot two movies, and will also produce two variety shows.

The movie "Charlotte Annoyance" that Galloping Pony participated in the production will be released this month. The parent company of Galloping Pony, Incline Capital, also holds most of the copyright of Hugo Award winner Liu Cixin's science fiction novels. Liu Cixin also participated in "Crazy Alien" People's screenwriting work.

After this series of combined punches, the company that was on the verge of bankruptcy was brought back to life, and the valuation has also risen from 12 billion a year ago to the current 32 billion.

He needs to observe the box office of "Charlotte Annoyance" first, because Galloping Pony has acquired 100% of Junshe Culture Media Co., Ltd. into a subsidiary.

If "Charlotte Annoyance" is a big hit at the box office, with a box office of more than 8 million, then Galloping Pony, who participated in the production and distribution work, can realize book profits in its 2015 financial report.

This result has the symbolic meaning of the wind vane, and it is also a great benefit for Galloping Horse to restart its listing plan.

The listing process of a company cannot be completed in a few days or a month or two. Zheng Wentong just established a good relationship with financial institutions in advance.

Galloping Horse is preparing to list on the main board of the Hong Kong Stock Exchange, mainly to raise funds for larger companies with better foundations and profitable records.

Therefore, whether Galloping Horse can realize the book profit in 2015 is very important.

The Hong Kong Stock Exchange requires that the total profit in the first three years before listing is greater than 5000 million Hong Kong dollars, and it needs to reach 2000 million Hong Kong dollars in the most recent year.

If the company's listed market value exceeds HK$40 billion, the public shareholding cannot be lower than 10%, and the company has at least 100 shareholders for listing.

The three-year track record period must be operated under substantially the same management and ownership.

Disclosure: Bi-annual financial reports.

Underwriting Arrangements: The Open Offer for Subscription must be fully underwritten.

Cheng Wei recalled the investor meeting held by Ramp Capital at the end of May to issue Ramp No. 5 private equity fund and raise 5 million yuan to acquire a 15% stake in CCB International, which was definitely a genius idea.

These investors who purchase the Slope No. 100 private equity fund will automatically become individual shareholders of Galloping Horse. The number of shareholders exceeds 10, and the upper limit of the shareholding ratio is just over [-]%.

The management of Galloping Horse is still the former Galloping Horse employee headed by Zhong Lifang. Zheng Wentong only serves as the executive director of the company and does not participate in the actual operation.

Galloping Horse currently has a market value of 32 billion. As long as the two movies "Crazy Alien" and "Passing Through Your World" invested and shot by Galloping Horse are big hits at the box office, Galloping Horse can achieve a combined profit of more than 5000 million Hong Kong dollars, and the profit in the latest year is greater than 2000 million Hong Kong dollars. The market value of the company must be greater than 40 billion Hong Kong dollars when it is listed.

The key to all questions now is whether the two movies can make a profit, which is also his main focus.

The cost of listing on the Hong Kong Stock Exchange includes intermediary fees paid to sponsors, legal advisors, and accounting firms. Enterprises need to use 5% to 30% of the raised funds as the issuance cost, and the standard underwriting fee is 1.5% to 4.0% of the raised funds. %.
For example, if Galloping Horse was listed on the main board of the Hong Kong Stock Exchange in January 2017, the market value of the issue was 1 billion, and the raised funds were 50 million.

This is a medium-sized IPO. The issuance cost is about HK$5000 million, and the underwriting fee is between HK$1000 million and HK$1500 million. The total cost is less than HK$7000 million.

Before going public, it is best for Galloping Horse to find cornerstone investors and subscribe for major shares in advance, which will help enhance the confidence of other financial investors.

In this way, it is also possible to avoid the breakout of Galloping Horse after its listing, and the Hong Kong Stock Exchange does not have a daily limit, and it is a T+0 system. Buying on the same day can be selling on the same day, which is more convenient for shorting.

"When the movie "Passing Through Your World" is released, I will definitely go to Yanjing to visit Galloping Horse, and hope to have more in-depth cooperation with Mr. Zheng."

(End of this chapter)