Winning the new financial era

Chapter 286 Three-Year Management Right

"Mr. Zhang, if the management of Jincheng Xiaojin is handed over to you, there must be a time limit, right?
In addition, what is the expected business volume?How does the work unfold?You have to get a charter for this! "

Li Jie's mind is running fast, and it's not that he can't see the various benefits that Ruixiang's shareholding can bring, but he just needs to consider how to maximize the benefits.

Handing over the position of major shareholder, even if Jincheng Consumer Finance achieves outstanding results in the future, Rongcheng Bank will only get good financial returns.

If Rongcheng Bank continues to sit firmly as the major shareholder, and when Jincheng Consumer Finance develops, Li Jie can be regarded as a good leader!
If another time limit for the transfer of management rights is proposed, three or six years.

When the time limit expires, Ruixiang will return the management right to Rongcheng Bank.

It has to be said that Li Jie's calculation is quite good, not only to win over the ally Ruixiang, but also to maximize the share of future victories.

As for giving up the position of major shareholder, Li Jie is absolutely impossible to give up.

In order to get the consumer finance license, how much did they run up and down Rongcheng Bank?

Ruixiang wanted to take away the majority shareholder's seat by understating a few words, that was absolutely impossible.

Although he knew that Ruixiang would be more interested in Jincheng Xiaojin and even make Jincheng Xiaojin develop better if he became a major shareholder, but he was unwilling to give up his position as the largest shareholder.

Zhang Yida knew a little about these little Jiujiu leaders.

In the past, the development of Jincheng Consumer Finance has been tepid, so there has been no Internet or mutual financial giants to talk to them about buying shares?
That definitely exists, not only Ruixiang, but all Internet companies that want to lend money are eyeing consumer gold licenses.

However, Rongcheng Bank held on to the shares tightly and refused to let go, so they naturally chose other consumer finance institutions to cooperate.

For example, Ali chose Baoyin, Qiandu chose Hayin, Ctrip chose Shangcheng, [-] chose Jinshang...

In the end, under the pressure of competition, Jincheng Consumer Finance issued an announcement saying that it would introduce 2-3 powerful shareholders with backgrounds in Internet or financial operations.

Then Chow Tai Fook, Haoze Water Purifier, and Uxin Used Car became shareholders...

Zhang Yida was convinced when he thought of these coquettish operations. Jincheng Consumer Finance was not tossed to death by them, and it was all thanks to the consumer finance license that can obtain funds from banks and other institutions at low cost.

Zhang Yida knew that these bureaucrats would not easily hand over the position of the largest shareholder, so he gave another choice of management rights.

Don't let me be the major shareholder, let me take the helm of the company, let's take you to make money with the head office!

Sure enough, Li Jie, the chairman of Rongcheng Bank, chose to hand over the management rights of the company instead of giving up the largest shareholder.

Zhang Yida guessed that this was to make money by lying behind Rui Xiang.

That's fine, without the constraints of Rongcheng Bank, Ruixiang's goal can be considered achieved.

However, Zhang Yida knew that he had planted a foreshadowing when Li Jie said that he would give a deadline for operation and management. If the company develops well in the future, it will be necessary to seize the control of the enterprise.

"Six years, the board of directors will be reorganized after two terms." Zhang Yida said lightly.

In the company law, the term of the board of directors is changed once every three years, and the term of office of the directors of the company is three years. After three years, the company holds a meeting of the board of directors and re-elects new directors.

Zhang Yida thought that being able to serve as the chairman for two consecutive terms was enough for him to control the overall situation.

Li Jie shook his head, "Six years is too long, I think every three years is more appropriate."

"Three years is three years, but Ruixiang wants all the management rights, including personnel appointment and dismissal, financial management and so on.

Of course, Hong Leong Group and Rongcheng Bank can also send directors and financial advisors to supervise the company's finances. "

Zhang Yida took all the rights of the majority shareholder of Rongcheng Bank in one fell swoop.After thinking about it, Li Jie nodded and agreed. Jincheng Consumer Finance has been developing for six years, so waiting another three years is nothing.

He asked again: "Then how will the next work be carried out? Mr. Zhang must give me a reassurance about the development plan for the next three years."

"Jincheng Consumer Finance's loan issuance scale last year was 15.3960 billion yuan, and its net profit was 7450 million yuan. Three years later, I will increase these two indicators by six times."

Zhang Yida said confidently, let alone 6 times, he has the confidence to do 10 times.But you can't talk too much, you have to leave yourself a way out.

Wang Fei, the chairman of Jincheng Xiaojin, looked at Li Jie, his superior, who was emotionally moved, and secretly groaned in his heart.

Rongcheng Bank handed over the management rights of the enterprise, how will he, the chairman of the subsidiary, arrange it?Zhang Yida definitely couldn't tolerate him, and the position of chairman of Jincheng Xiaojin would definitely have to be replaced.

It's all right, he also serves as the president of Rongcheng Bank, which is his main job, and the chairman of consumer finance is just a temporary post.

The main thing is that Jincheng Xiaojin has a large number of his cronies. If Rui Xiang takes power, can this group of people be accommodated?

Wang Fei kept winking at Li Jie, who acted as if he didn't see it.

In fact, Li Jie saw these small actions of Wang Fei, and the reason why he turned a blind eye to them was because he was very angry. At this juncture of "sacrificing the small self and fulfilling the big self", why can't his subordinate be clear about it?
Ruixiang's shareholding is definitely a good thing on the premise that it does not threaten the largest shareholder of Rongcheng Bank.

My superior has such a clear attitude, you, as a subordinate, want to sing the opposite?
"it is good!"

Li Jie agreed without hesitation, and he liked Zhang Yida who is straightforward, and asked again: "Then why didn't you achieve it?"

"One of the two indicators has not been met, and the management rights will be returned to Rongcheng Bank, and we will abdicate to let the talents."

Li Jie was very satisfied with Zhang Yida's words. He not only kept his position as the major shareholder, but also got Zhang Yida's performance promise. It was a good plan for Rongcheng Bank.

"Then what if, under the leadership of Ruixiang, Jincheng Consumer Finance has completed the goal of doubling the target by 3 times in three years? The management right should continue to be handed over to Ruixiang!"

Lan Lan's words made Li Jie a little embarrassed, he said haha, "It's too early to talk about this now! It's not too late for us to talk about this after Ruixiang has made some achievements."

"Yes, Director Li is right, let's discuss this topic later! Let's mainly discuss the current affairs today."

Zhang Yida knew that he couldn't force Rongcheng Bank to go too far, so they were blinded by refusing to take a stake in Ruixiang.

The meal has to be eaten bite by bite. Today, I will first buy a share and tear a hole, and then I will slowly figure out the next thing.

Seeing Zhang Yida's statement, Lan Lan didn't ask any more questions.She started to discuss with Jincheng Jincheng, a group of company executives present at Rongcheng Bank, and discussed the details of capital increase, shareholding and reorganization of the company's board of directors.

The valuation of Jincheng Consumer Finance is calculated based on the registered capital of 3.2 million. Regarding this point, the two major shareholders of Malaysia Hong Leong Group and Rongcheng Bank have no objection.

Because the company's net assets are only more than [-] million yuan, after deducting some bad debt mortgage properties in the hands, it may be true that the assets will shrink a little.

Ruixiang’s proposal is: directly increase the capital of Jincheng Consumer Finance to 10 billion yuan, and Ruixiang will invest 3.5 million yuan, occupying 35% of the shares; Rongcheng Bank will make a supplementary subscription of 1.968 million capital, accounting for 36% of the shares; Hong Leong Group will make a supplementary subscription Paid 1.332 million capital, occupying 29% of the shares.

The three parties add up to 6.8 million yuan of capital for Jincheng Consumer Finance, and increase the registered capital at the same time. Calculated with 10 times leverage, it can maintain a loan balance of up to 100 billion yuan.

However, for Ruixiang to invest in Jincheng Consumer Finance, it is not enough to just negotiate with the shareholders, and the shareholding plan must be submitted to the China Banking Regulatory Commission for approval.

Therefore, the reorganization of the board of directors has to be postponed for a while, and the next step can only be taken after the shareholding is approved.

In addition to Jincheng Xiaojin's shareholding, Zhang Yida talked with Li Jie about the capital cooperation between Yimin Wangjin, Yimindai and Rongcheng Bank.

Compared with Ruixiang, which mainly relies on institutional funds for lending, the main source of funds for the two companies under Zhang Yida is still P2P lenders, and the cost of funds is very high.

Hearing that Zhang Yida asked the financing guarantee company to provide a guarantee and paid a cooperation deposit, Li Jie was a little moved.

Local banks like Rongcheng Bank can't even issue a few credit cards, and the bank's retail business is almost equivalent to no.

This is also the current situation of rural commercial banks and urban banks in various places. The loans are mainly granted to large local group companies, and state-owned enterprises are the best.

Small and micro loans, individual loans, and some housing mortgages, mortgages, and factory mortgages, and other unsecured credit businesses are rarely developed.

It is hard and tiring, and it is still difficult to meet the loan quota.There is no way to give a loan of tens of millions or hundreds of millions to a large group company quickly and steadily.

Yimin Wangjin is not a small and unknown company. As the first Internet finance company in China to enter the capital market, it has a very high reputation in China, and its market value is as high as tens of billions of RMB.

Li Jie is still very interested in carrying out joint funding cooperation with this kind of company.

Although he hadn't heard much about Yimindai, he guessed that with Zhang Yida behind him, it wouldn't be too bad.

So Li Jie readily agreed to cooperate, and said that the companies of the two parties would be more specific.

……

After the negotiation, Li Jie talked with Wang Fei alone.

"Why are you frowning?" Li Jie asked Wang Fei.

"I just think it's too generous for us to hand over the management rights to Ruixiang so easily."

Li Jie smiled, "It's not as simple as you think. Although the city government didn't specifically say hello, but at this juncture of attracting investment, if we had some trouble with Ruixiang, the city government will inevitably treat us. Dissatisfied."

"But Ruixiang is too strong. The second largest shareholder will take over the management of Jincheng Consumer Finance. How can we put Rongcheng Bank in our eyes?"

Li Jie thought for a while, and said: "Adolescents will inevitably have some arrogance. They have entrusted Hong Leong Group to spread the word several times, and I basically understand their thinking.

If they can't get management rights, they may give up their shares. "

"If you give up, just give up!" Wang Fei said again, "I think their aggressive style of play is very dangerous. The foundation is not strong, and if something happens, it will be a big deal."

"Okay!" Li Jie waved his hand, knowing that his subordinates were dissatisfied with Ruixiang's strong investment, and persuaded:

"Let Ruixiang take charge of it for three years! The development is good, and Rongcheng Bank will also benefit. This is also a real political achievement.

If the development is not good, we will take over the management right. "

"I'm afraid that we won't be able to take back the management right in the future! Hong Leong Group seems to have a good relationship with Ruixiang. If they support Ruixiang, we Rongcheng Bank will become a minority."

Li Jie nodded, "That's true! Let's take a step and see!"

Li Jie still didn't say a word: It's hard to say whether I will still be in office after three years, so why care so much?
Li Jie took a deep look at Wang Fei. After he was promoted, he might be succeeded by Wang Fei. After three years, he would have a headache.

I can't blame myself for this, who hasn't taken over the big hole left by the previous one?

Seeing that Li Jie was determined to come in, Wang Fei stopped dissuading him, and began to think about how to arrange his trusted subordinates.

As for whether the China Banking Regulatory Commission will approve Ruixiang's shareholding plan?Both parties have no doubts, after all, Ruixiang's shareholders of the four major banks are not just a show.

(End of this chapter)