Winning the new financial era

Chapter 676 Sowing and Reaping
"Miss Huiqi, it's not that I made it difficult for Hong Leong Group, controlling Jincheng Consumer Finance is something we planned a long time ago.

Now it is not popular in the mainland to learn from Lei Feng and do good deeds, and the popular word Li is the first. "

In a conference room of Jinjiang Hotel, Zhang Yida explained the truth to Guo Huiqi, the successor of Hong Leong Group.

"Things that were planned a long time ago?"

Guo Huiqi captured important information and asked, "Did you have such a motive when you invested in Jincheng Xiaojin at that time?"

Zhang Yida nodded, "There is nothing embarrassing to admit, Rui has always been a major shareholder, and the benefits created for your small shareholders far exceed that of your previous holding of large shares.

A veteran consumer finance company established in 2010, but still unable to lend money to P2P, is also a good hand in vain.

Three years ago, the annual profit was only more than 7000 million yuan, and now we have increased this figure by more than ten times.

Whether it is holding shares and waiting for dividends, or selling them someday, it is better than the original sluggish state.

What era is it?Still sticking to the line, too backward. "

Guo Huiqi looked at Zhang Yida, who was talking eloquently, and said with a smile, "Mr. Zhang, don't get me wrong, we can all see the substantial changes that Ruixiang has brought to Jincheng Consumer Finance.

Hong Leong didn't have any other intentions, but seeing such a good asset, but having to give up the shares with a lot of money, it was somewhat heartbreaking. "

Zhang Yida asked curiously, "How much does Rongcheng Bank want you to transfer?"

"We transfer 9 points, Rongcheng Bank transfers 7 points, and then make up 16 points for you."

Zhang Yida said with a smile, "In this way, you still have 20 points, which is quite a lot. It's good to be a financial investment shareholder."

Guo Huiqi smiled and waved her hands, "Let's not talk about that."

"I heard that Ruixiang is going to go public? The largest IPO in the history of the world?"

Zhang Yida asked with a smile, "Do you even know about Malaysia?"

"It's not just that I know, the Chinese newspapers have reported numerous articles, praising you as the "Light of Asia".

Fight against Penguin and Ali internally, attack Facebook externally, and is also the largest shareholder of Grab, the largest Internet group in Southeast Asia..."

Zhang Yida chuckled, it seemed that his influence had finally broken the circle.

……

The next day, in the building where Jincheng Xiaojin Company is located, the three parties signed an equity transfer agreement.

Based on a valuation of RMB 150 billion, Sharppay took over RMB 24 billion and took over 16% of the shares transferred by Bank of Chengdu and Hong Leong Group, increasing the shareholding ratio to 51%.

The shareholding of Rongcheng Bank was reduced to 29%, and the shareholding of Hong Leong Group was reduced to 20%.

"The next round of capital increase is needed. The registered capital of Home Credit is 70 billion, and the immediate consumption fee is 40 billion. Our 25 billion is a bit out of date."

Taking advantage of the presence of shareholders today, Zhang Yida came up with a new idea after signing the equity transfer agreement.

"In the past three years, there have been three rounds of capital increases, and there are still more?"

Zhang Peng asked this question because the equity transfer money was about to be spent before it arrived in the account.

"10 times leverage, according to the registered capital of 25 billion, can only support the balance of 250 billion to be collected.

According to the current development speed, the limit will soon be exceeded. "

Zhang Yida said with a smile, "Don't increase capital yet, waiting to receive a fine from the regulatory agency?"

After becoming a regular army, this is not good, and the supervision is very strict.

When doing P2P in the past, with a registered capital of 1000 million, no one cares about you if you put in a loan of [-] billion.

"How much does that increase?" Zhang Peng asked.

"Double, 50 billion!"

Zhang Yida reported the calculated figure, "We contributed 12.75 billion, and your two contributed a total of 12.25 billion.

If there is any difficulty, it is not a problem for our family to do it all. "

"No difficulty, no difficulty."

Zhang Peng waved his hands again and again, he didn't want the shares to be diluted again.

He has calculated that the transfer of shares can get 10.5 billion, and the proportional capital increase is 7.25 million, and there is still some left over.

"Hong Leong Group is fine, we will follow."

Guo Huiqi doesn't care about this amount of capital increase. She is very optimistic about the development of Jincheng Consumer Finance.

If possible, she actually wanted to take over the shares of Rongcheng Bank, but Zhang Peng was unwilling.

Now anyone who is a normal person knows that he can't lose money by partnering with Zhang Yida in business. There are too many examples to count.

……

A group of shareholders of Yi'an Insurance also received a message from Ruixiang, requesting a board meeting.

"I'll just say it straight!"

After all the shareholders arrived, Zhang Yida said, "Ruixiang made an agreement with all the shareholders three years ago, the most important of which is that the net assets should reach RMB 50 billion.

At present, this task has been overfulfilled, and it is time for everyone to fulfill their promises and transfer part of the shares to Ruixiang. "

Cheng Xiangjun, the chairman of Yinzhijie, said with a smile, "Mr. Zhang, according to the agreement at that time, the shareholders other than Yinzhijie transferred 36% of the shares to Ruixiang, so that Ruixiang's shareholding ratio reached 51%.

But things have changed. Last year, the China Banking and Insurance Regulatory Commission issued the revised "Insurance Company Equity Management Measures."

Reduce the upper limit of the shareholding ratio of a single shareholder of an insurance company from 51% to one-third to strengthen equity supervision, make up for regulatory shortcomings, and effectively prevent risks.

At the same time, the new insurance regulations also require the implementation of penetrating supervision on insurance companies.

Strengthen the penetrating review of investors' backgrounds, qualifications, and related relationships, and include persons acting in concert into related party management.

It is clarified that the source of funds can be identified retrospectively, the change of the actual controller of the insurance company's shareholders is included in the filing management, and the focus is on solving problems such as hidden associations, invisible shareholders, and illegal proxy holdings. "

Zhang Yida nodded. He knew this. In the past, the major shareholders of the insurance company were too powerful and lacked checks and balances. They used the insurance company as a cash machine and went to the stock market.

The most typical example is Boss Yao, who used the funds of his Qianhai Life Insurance Company to acquire Vanke.

In the end, he fell short, and was "heavyly fined" 80 yuan, removed from the post of chairman, and banned from entering the insurance industry for 10 years.

Now the regulators are very strict on issues such as nominee holdings and related shareholders, and he dare not touch the minefield.

"So, Ruixiang decided to adjust and reduce the acquisition of 36% of the shares to 18.33%. We only hold 33.33% of the shares and no longer seek a 51% holding line."

After Zhang Yida finished speaking, the other shareholders nodded and smiled, expressing their agreement to the plan.

Backed by the big tree of Ruixiang, E'an Insurance has developed rapidly in the past three years.

There is an insurance number in the Touronghui APP. At the same time, many new types of insurance sold by this app, such as airline delay insurance when buying air tickets, accident insurance purchased when traveling, etc., are all provided by Yian Insurance.

There is also the freight insurance on Pinduoduo, which is basically contracted by Yi'an Insurance.

Without Ruixiang, Yi'an Insurance can't compete with Zhongan Online, Cathay Property & Casualty Insurance, Xinmei Mutual Insurance and other companies with the blessing of "three horses".

With only a license and no giants to bless traffic and scenarios, this insurance business is impossible to start.

E-On Insurance belongs to the Internet property insurance license, and can sell multiple insurance products such as medical care, critical illness, accident, group, and property, but cannot sell life insurance.

At present, there is no Internet life insurance license in the market, and traditional insurance companies are selling life insurance.

In addition to Ruixiang's own insurance agency and insurance brokerage licenses, as well as the mutual insurance license under Diandianchou, Ruixiang's insurance license matrix is ​​basically complete.

Compared with Ahri and Penguin's layout in the insurance industry, the main difference lies in the life insurance.

Penguin has invested in Hetai Life Insurance, Hong Kong Aviva Life Insurance, and Yunfeng Financial, an affiliate of Ari, acquired Hong Kong YF Insurance.

Zhang Yida has also been looking for targets, but has not found a suitable target.

"How much valuation can Ruixiang give to Yi'an Insurance?" asked a shareholder.

Others also cheered up, involving their own interests, and they all valued this matter.

"Based on Zhongan Online's current market value of more than 300 billion, we can give E'an Insurance a valuation of 200 billion."

After Zhang Yida finished speaking, some shareholders whispered, "ZhongAn Online is undervalued. When it first went public, its market value was over [-] billion Hong Kong dollars."

Zhang Yida sneered, "We don't talk about the past, we only talk about the present.

E'an Insurance can develop to today, who is carrying the burden for everyone, I don't need to say more. "

In addition to Jincheng Xiaojin and Yi'an Insurance, Ruixiang's non-wholly-owned or holding financial licenses also have Xingwang Bank.

All of these are restricted by relevant financial conditions and cannot be fully controlled.

Of course, Ruixiang will not really foolishly raise these companies as his own sons, and the technical service fees, traffic fees, profit sharing, etc. that should be paid must not be less.

But from a certain level, these shareholders are still behind Ruixiang, after all, many financial institutions can't find the temple door with pig's head.

After some discussions, except for Yinzhijie, other shareholders still allocated 18.33% of the shares to Ruixiang according to the proportion, transferred them over, and spent 36.66 billion yuan of funds from Ruixiang.

The reason why Yinzhijie can continue to hold 15% of the shares and sit firmly as the second largest shareholder is mainly because the other party is engaged in finance, which can bring some resources to Yi'an Insurance.

The other shareholders, such as Brightoil Cloud Oil and trading companies, have little to do with the business of Yi'an Insurance, and can only serve as minority shareholders for financial investment.

……

Ruixiang owns Hanzhou Securities, and the qualifications of the leading underwriter for listing on the Science and Technology Innovation Board are naturally not for outsiders, and they underwrite for the parent group themselves.

Huaxing Capital also has a brokerage license, Bald Bao also contributed a lot in the merger of Ruixiang and Zhonghe, and Zhang Yida also gave them an underwriter qualification.

Bao Guangtou called Zhang Yida and complained directly, "Brother, can you calm down a bit recently, and wait for the listing before buying shares or engaging in capital operations.

Modifying the prospectus is a very annoying thing, and it also delays the listing time. "

Zhang Yida didn't feel that Bao Fan offended him, and knew that the other party was a man of temperament, so he replied with a smile, "Don't worry, all acquisitions and acquisitions have stopped, and there will be no similar things in the future."

Besides Bao Fan, Zhang Yida asked Lan Lan to notify the other underwriters to revise and update the prospectus.

Although the major securities companies and investment banks complained, for the sake of money, they continued to work hard after a few slanders.

(End of this chapter)