Chapter 363 Qinglong Phase II Fund Investment Target
Looking at the leaving motorcade, Qiu Deba watched for a long time before returning to the living room and sitting down with the support of his son.
"Dad, Qinglong Fund's performance is very good. Xu Liang's investment ability has been proven. We only invested 5 million US dollars in Kunpeng. Isn't it too little?" Qiu Jinshan said.
Qiu Deba shook his head slightly.
“Although Xu Liang is very capable, equity investment and futures investment are two different things. Whether he can continue to replicate his success in Qinglong Fund is still unknown.
US$5 million is enough. If he can prove his talent in futures investment through this investment, it will not be too late for us to invest more. "
Qiu Jinshan nodded. He has become accustomed to his father being conservative in his old age.
"Jinshan, go check and find out what Xu Liang has done in the past few months. , who did you meet? "
Qiu Jinshan was stunned, "What are you...? ”
Qiu Deba squinted his eyes slightly, his already somewhat cloudy eyes flashed with wisdom after vicissitudes of life.
"Although our Qiu family is considered rich, there are many rich Chinese people who are richer than us. He ignored those people and came to Singapore to see me?
Kunpeng Fund is raising funds?
Haha, when our Qiu family invested 20 million US dollars in the Qinglong No. 2 Fund, he didn’t even call to say hello.
Now he is here just for the Kunpeng Fund, if nothing else. The reason is, I don’t believe it.”
Hearing what his father said, Qiu Jinshan also noticed something unusual.
"Do you think he has another purpose in coming to our Qiu family?"
"What else? A well-known financial tycoon and top entrepreneur would not come here personally for financing. We have never known each other. There is no friendship, and it is not worthy of him visiting in person.
If it is just a drop-in, he has been to Xiangjiang so many times, and he has never stopped by to see Li Jiacheng and Li Laosi. " Qiu Deba said slowly.
Qiu Jinshan's expression changed, "He is interested in our Qiu family's property?"
Qiu Deba nodded slowly, "This is the most likely thing. But it is I wonder what he likes about our Qiu family?”
Qiu Jinshan's expression changed for a moment and he stood up suddenly.
"I'll ask him."
"Stop."
After stopping his son.
“Use your brain and think about it carefully. If he really knew how to say it, he would have said it just now. Since he didn’t say it, it means the time has not come yet. Even if you ask, he won’t say it.
There is a saying: if the king is not secretive, his ministers will lose; if the ministers are not secretive, they will lose their virginity; if several things are not secretive, it will cause harm.
Of all the heroes who can start from scratch and create a huge business, which one is not cautious and prudent?
If he had just asked a few questions and revealed the secret, he would not be where he is now; it is even more likely that there is a huge trap hidden in the information you get.
If you are not careful, you will be tricked. ”
After a pause, Qiu Deba took a breath.
"Wait, wait until he comes to the door on his own. Anyway, the initiative is in our hands, and we are not afraid of his machinations."
Qiu Jinshan nodded slowly.
"Dad, I really didn't expect this man to be so cunning at such a young age. Fortunately, I thought he was a sincere gentleman."
Looking at his son's angry look, Qiu De He shook his head heartily.
My eldest son is good at everything, but he is a bit more upright and trusts people too easily.
Fortunately, he has made arrangements with Maybank. Even if he dies, the company can be passed down stably and ensure the wealth of the Qiu family.
——
"Pack up and fly to Xiangjiang the day after tomorrow." Xu Liang explained.
Lu Hui nodded and couldn't help but ask: "Mr. Xu, we have only been here a few days, why are we going back so soon?"
"We have done everything we need to do. Why are you still here?”
"You came here mainly to visit the Qiu family?" Lu Hui asked curiously.
Xu Liang smiled and didn’t say much.
Lu Hui also wisely did not ask any more questions.
Looking at the Qiu family villa farther and farther outside the window, Xu Liang's eyes gradually became deeper.
The Qiu family holds 14.9% of Standard Chartered shares.
As long as he gets this part of the equity, his stake in Standard Chartered will reach 31.7%. If he just buys a little bit from the market, he can exceed 34%.
At that time, Standard Chartered will fall into his hands.
But he is not in a hurry to get the equity.
Rather than equity, he needs the support of the Standard Chartered board of directors.
After all, there is a shark-repelling clause and a fault clause.
Even if he gets 34% of the equity, he can't control the board of directors, and Standard Chartered's management can ignore him.
Business management in the West, especially in the United States, is different from that in the East.
Management, board of directors and shareholders are not the same thing.
In China, the chairman of the board of directors has a very high status and truly controls the company. The CEO is just a worker. If you don't do well, you will be replaced.
Similar to Li Yanhong and Lu Qi.
In the United States, because the company's equity is relatively dispersed, the core of the company is the CEO, who truly holds the power of management.
The board of directors is only responsible for supervision.
Has no right to interfere with company management.
Shareholders vote to elect directors to form a board of directors.
However, if the director does not make any mistakes, the shareholder does not have the right to remove the other party from the director's office during the director's term of office.
Through institutional constraints, in companies that have shark repelling clauses, especially "classified board of directors clauses", even if you hold more than 50% of the shares, you must act according to the rules.
It takes three years to elect three directors a year and fully control the board of directors.
Unless you can get 67% of the equity, directly modify the company's registration information and rules and regulations.
In this case, it is better to make a public tender offer directly.
So getting more board seats is the most important thing.
The Qiu family owns 14.9% of Standard Chartered's shares and holds two board seats. Counting his own side, he got four seats.
As long as he gets three more seats, he can control Standard Chartered's board of directors.
The best way to make the Qiu family surrender is to exchange benefits.
The same is true for Qinglong Fund, and the same is true for Kunpeng Fund.
As long as the Qiu family invests more and more in him and makes more and more money, there is no fear that they will not take the bait.
So, this time he paid a special visit to the Qiu family, just to make a front stop and get acquainted with each other first. When the profits of Kunpeng Fund came out, he had the capital to make the acquisition, and the Qiu family took the bait completely. See you again.
——
No. 33, Baijia Road, Heung Kong.
Xu Liang looked at the information on Qinglong No. 2 Fund in his hand.
The fund, which raised US$3 billion, was fully raised last month.
Currently, it has invested in seven companies, which is more than Xu Liang originally planned.
The main reason is that after the equity interests of Samsung Electronics, ASML, Toshiba and TSMC were absorbed by them, the turnover rate is getting lower and lower, and the prices are getting higher and higher.
It is no longer easy to buy.
As for Samsung coming to discuss cooperation and direct investment, except for ASML, all of them basically refused.
Reluctantly, Xu Liang expanded his investment scope.
Added AMD, ATI and Yahoo Japan.
Currently, they hold 10% of Samsung Electronics for US$1.24 billion.
USD 310 million, triple leverage, holding 9.7% of Toshiba's equity.
USD 320 million, holding a 10% stake in ASML.
US$570 million, holding 6.5% stake in TSMC.
USD 310 million, holding 6% stake in AMD.
USD 120 million, triple leverage, holding 5.7% of Yahoo Japan’s equity.
USD 40 million, holding 7.2% equity in graphics card manufacturer ATI.
Today there is still US$130 million left.
"Put all the remaining money on Toshiba," Xu Liang said.
Qinglong No. 2 Fund started investing when it raised funds at the beginning of this year. It has made a lot of money so far and is basically guaranteed not to lose money.
There is no need to keep the money.
"Mr. Xu, Toshiba has recently benefited from the growth of its flash memory business, and its stock turnover rate is not high. If it is still triple leveraged, it may be difficult to buy enough stocks." Guo Shaojie said.
“I forgot about this.” Xu Liang said.
As Apple's iPod became more popular, it also boosted the sales of other MP3 players.
Now more and more companies are joining it, and iterations are becoming faster and faster.
This trend has also attracted the attention of a lot of capital.
MP3 players don’t have any advanced technology, only the key component of flash memory is the core.
As the world's largest flash memory manufacturer, Toshiba's stock price has also skyrocketed.
Before Hanhua invested, Toshiba's market value had dropped to US$6.5 billion due to the Nasdaq crisis. In just a few months, Toshiba had expanded to US$8.3 billion, and it was still not growing.
Had it not been for Hanhua’s early move, we would not have been able to obtain so much equity.
"Buy as much as you can before the end of the year, and invest the excess funds in ATI."
Tens of millions of dollars of funds are invested in Samsung and TSMC, which can easily reach tens of billions of dollars. There is no taste of saltiness in the giant.
By investing in companies with lower market capitalization, you can get important equity.
And a company with a low market capitalization does not necessarily have a low future value.
On the contrary, its growth potential is even better.
“Yes.”
Guo Shaojie agreed.
"By the way, Mr. Xu. There are still many institutions ready to invest in us, so should we start fundraising for Qinglong Fund No. 3?"
Xu Liang thought for a while.
Everything he could think of now, companies with relatively high growth potential in the Internet and technology industries, were basically in his hands.
Although there are other good companies, they are worse than the ones he selected.
"Lao Guo, how much has the Qinglong No. 2 Fund risen now?"
"32%."
Guo Shaojie said excitedly.
It was really an eye-opener for him. He used to be the deputy director of the personal banking department of the Bank of East Asia. Although he was not good at financial investment and hedge funds, he was not unfamiliar with it.
The Bank of East Asia's internal investment can steadily increase by more than 10% in a year, which is considered to be a huge profit.
They are all world-class leaders who can stably rise by more than 15%.
If it can stably rise by 20%, that is a Buffett-level boss.
But he never expected that his boss could be so good. In just one year, Qinglong No. 1 Fund more than doubled. Qinglong No. 2 Fund’s rise is also among the best in the world.
Absolutely amazing.
Unlike Guo Shaojie's excitement and exclamation, Xu Liangliang was a little happy, but more calm.
He knew very well that as the Nasdaq crisis gradually subsided.
The Internet and technology stocks that have been dragged down will definitely have a huge rise.
This increase has now occurred.
It will be more obvious in 2003.
(End of this chapter)