Chapter 1070 Kawashima Makoto
The yellow mud falls off the crotch, which is either shit or shit.
If Xu Liang continues to participate in the merger and acquisition group, it will be unclear when the time comes.
Li Zhaoji and Zheng Yutong looked at each other, seeing the helplessness in each other's eyes.
At the beginning, the reason why they brought Xu Liang in was to use his connections and influence in Japan to facilitate the acquisition.
Unexpectedly, the Japanese did not play according to the routine.
The whole world is clamoring about Xu Liang’s acquisition of Seibu, clearly using them as a gimmick to attract big capital from around the world to bid.
Plans are not as fast as changes.
They can only compromise.
"Xu Sheng, I heard that you intend to sell Internet Technology to Li Jiacheng?" Li Zhaoji asked.
"Fourth uncle also knows about this?"
"Hong Kong is so big, some things cannot be hidden."
Xu Liang: "I want to exchange Internet technology for Hutchison Whampoa Husky Energy, I guess Li Sheng is not willing. He hasn’t replied to me for more than half a month.”
“Can I call you and ask?” Zheng Yutong said with a smile.
If Xu Liang asks directly, it will easily be thought that he is eager to sell, and the price will be lowered.
"No, exchanging Internet technology for Husky energy is just a temporary idea of mine. If it works, it's better. If it doesn't, it doesn't matter." The effect is getting smaller and smaller, but it is not impossible.
Just sell it before 10 years.
"Network is developing well and can maintain a growth rate of 20% every year. It is a highly anticipated white horse stock. Why does Xu Sheng want to sell it?" Zheng Yutong said.
Looking at him, Xu Liang smiled.
"The scale of Hongmeng is too large. Bing, Yihaodian, Sina, Pangu, Hongmeng Games, etc. have a bloated structure and low management efficiency. They are increasingly unsuitable for the fiercely competitive Internet market.
So, I plan to Selling Wangke.
And the Internet cafe service mainly operated by Wangke is not closely related to Hongmeng's main business.
Selling it will not affect the overall situation, and it can also reduce the business margin and allow Hongmeng to focus more. Main business.”
Paused.
Xu Liang smiled and said: "Uncle Tong also likes Internet technology?"
"Everyone wants a good company, but the price of your Internet technology is too high, I'm afraid I can't afford it."
Thanks to the high profits of Internet cafes, Netcom's share price has recently swelled to more than 60 billion Hong Kong dollars.
Xu Liang holds nearly half of the shares.
Plus the factor of premium.
It would take at least HK$32 billion to swallow up this company.
New World is not short of money, but it cannot afford so much money.
“And Xu Sheng probably doesn’t want money when he sells Internet technology.” Zheng Yutong said with a smile.
Xu Liang rarely sells companies directly, but mostly asset exchanges.
The recent exchange of shares between Tianshan Group and Guangdong Development Bank for China Resources retail and beverage assets has caused a sensation in the business circles on both sides of the Taiwan Strait and the three places.
"Haha, Uncle Tong still understands me."
There was a hint of hesitation in Zheng Yutong's eyes, but he was finally relieved.
Although the Zheng family has a lot of assets, exchanging network technology still requires a lot of effort.
Seeing him give up, Xu Liangang breathed a sigh of relief.
He feels at ease when he cheats Li Huagua, but Zheng Yutong has a good relationship with him, and he is not willing to cheat him.
After chatting for a while, Xu Liang personally sent the two of them off.
Watching the retreating figure.
"You released the news in Xiangjiang that the Zheng family intends to acquire Internet Technology."
Li Jinling was stunned for a moment and quickly agreed.
Xu Liang said.
"I want to see if Li Huagua can still keep his composure."
He didn't expect to be able to exchange for Husky Energy. After all, global oil prices are soaring and Husky is rich in oil and water. Li Huagua is not stupid. Will sell.
But Li Huanggua has a lot of good stuff.
Hong Kong Electric, Watsons, Beijing Oriental Plaza, etc.
As long as he can exchange for one, Xu Liang will make a profit.
...
Xu Liang found Makoto Kawashima, the person in charge of Hanhua’s Tokyo office.
"Chairman."
The thirty-five-year-old used to be the head of the asset management department of Nomura Securities, the largest securities company in Japan, and was a typical quant.
Quans are the foundation of modern financial markets - the creators of financial derivatives.
It refers to a group of physicists and mathematicians who rely on mathematical models to analyze financial markets.
They believed that mathematical accuracy was the basis for analyzing the most complex human activities, and they used mathematical techniques to analyze the nervous system to make money.
These people prefer to call themselves ‘financial engineers’.
The ‘Financial Engineering’ major now offered by many universities in the West trains these people.
Their main job is to design investment plans for those people or institutions who want to plan their assets rationally and obtain excess returns from the capital market.
Here we need to talk about ‘wealth management’ and ‘asset management’.
Many people have heard of it, but don’t know how to distinguish between the two.
To put it simply, wealth management means that fund managers take your money and invest in selected bonds and funds based on your risk tolerance and desired investment returns.
The amount of funds is relatively small.
Of course, this young man is relatively ordinary.
The threshold for Goldman Sachs Wealth Management is $500,000.
Asset management is different. Usually financial engineers design investment funds and securities for you based on your investment preferences and risk tolerance.
The capital volume of the latter is more than ten times or even dozens of times that of the former. In general, wealth management is about following rules and regulations, while asset management is about creation.
Of course, the boundary between the two is not so absolute.
Many asset management funds are also allocated to high-return private equity, such as Hanhua's Qinglong Private Equity Fund and Pacific Hedge Fund.
Makoto Kawashima, who is responsible for managing Nomura Securities, holds a master's degree in applied mathematics from Waseda University. He later received a double degree from Yale University, a "Ph.D. in Mathematics and Applied Mathematics" and a "Master of Financial Engineering."
After one year of internship at JP Morgan, he entered the asset management department of Nomura Securities.
Soon he showed his outstanding talent in quantitative analysis.
Step by step, he was promoted to the position of the boss of the asset management department.
After eight years in the industry, the company has generated excess returns of US$210 million per year on average.
Excellent.
But.
This is it again.
As we all know, the ‘lifetime employment system’ is popular in Japanese business management, but at its core it is still the ‘retainer culture’ handed down from the feudal era.
The core content of retainer culture is actually the word "loyalty".
This "loyalty" mainly refers to loyalty and loyalty. In the management of modern enterprises, in addition to some punishments after job-hopping, the lifetime employment system and the sequence of merit are actually also a manifestation of "loyalty".
The retainer culture emphasizes more on the "family" culture, that is, the enterprise is a home and instills a sense of ownership among employees.
To sum it up, it means one thing: work more and get paid less.
Strive all your life to become a good, high-quality, hard-working cow and horse.
What a fucked up system this is in modern society.
And the better people are, the more they hate this culture.
Kawashima Makoto obviously thinks so too.
When he decided to leave, JP Morgan, Goldman Sachs, and Lehman all started poaching people, but in the end they were snatched away by Hanhua.
The advantage of Hanhua is that it gives him the greatest degree of freedom.
He makes all the decisions on venture capital business, securities business, and asset management business himself.
Private equity business, make your own decisions for less than US$200 million.
Except that finance and security must be supervised and managed by the headquarters, and the senior management team must also be appointed by the headquarters, he is responsible for everything else.
This extremely strong degree of freedom impressed Kawashima Makoto.
He also lived up to Hanhua’s expectations.
As soon as he took office, he attracted 57 high-end clients, including US$2.7 billion in funds.
Currently, Hanhua’s Tokyo office has three venture capital funds and five private equity funds. In terms of public funds, it mainly cooperates with Futian Wealth Management Co., Ltd.
Plus private banking and asset management.
Although Hanhua’s Tokyo office was established less than four years ago, it already manages nearly US$7 billion in assets.
In particular, private banking and asset management are the two best developed businesses.
"Kawashima-kun, sit down."
"Hi."
Kawashima Makoto, who was in a suit and leather shoes and wearing black-rimmed glasses, was quite serious and sat down on the sofa respectfully. Come down.
Xu Liang wanted to remind him not to be so serious, but he gave up when he thought of the Japanese people's urinary nature.
"I have read the semi-annual report of the Tokyo office. It is developing very well, and you have contributed a lot to it."
There was a trace of pride on Kawashima Makoto's serious face, but after seeing the person opposite, he calmed down instantly.
My own achievements are just a drop in the bucket in front of the other party.
“It is because of the support of the head office and the president that the Tokyo office can develop so fast, especially No. 1 store and the upcoming Bing, which have directly added more than 30 institutional clients to the Tokyo studio, and Nearly five thousand private clients.
It has greatly enhanced the company’s reputation in the securities field.”
Yihaodian and Bing are the golden signatures of Hanhua Securities.
The seven major offices in Tokyo, Seoul, Singapore, Jakarta, Sydney, Dubai, and Xiangjiang have all gained a lot of customers due to the listing of Yihaodian and Bing.
The securities business that just started has also improved a lot.
Xu Liang nodded slightly.
“After having been in contact with Mizui for such a long time, is there still no news from Muji and Yoshinoya?”
“Muji has initialed the contract. We will pay US$490 million. And on the condition that it assumes all debts, it acquires 51% of Muji's equity held by Seibu Group
Originally, Yoshinoya was almost in talks to acquire 47.5% of Yoshinoya's equity held by Seibu Group for US$270 million.
But just when the contract was signed, Ruihui Financial suddenly overturned all the conditions.
When we called again, they said that other organizations had offered a higher price than us, and they would not restart negotiations unless we were willing to double the price.
But according to our investigation, there is currently no third-party bid higher than ours. ”
Although he didn’t say it bluntly, Xu Liang also understood.
It was precisely because of his arrival and joint bidding with New World and Henderson Land that Ruihui Financial Group saw the hope of selling at a high price.
So, the news of his own acquisition of the Seibu Group is rampant.
The negotiations that were about to end also had complications.
"Let's settle the matter of Muji first, and put Yoshinoya aside for now."
He values Muji more than Yoshinoya.
As a global chain of grocery stores, the latter currently has more than 1,500 stores in Europe, America and Asia-Pacific. Its total revenue in 2005 exceeded 141 billion yen [8 billion Chinese dollars] and is developing well.
After entering China in the future, it has been sought after by countless petty bourgeoisie, and its revenue has skyrocketed.
The future is bright.
It is a good investment object.
If you hold it for five or six years and sell it, you can make a lot of money for yourself.
As for integrating MUJI into Taihua Department Store Division, Xu Liang thought about it, but gave up.
MUJI is positioned as an affordable grocery store in Japan, and as an affordable luxury store in China.
Completely different concepts will undoubtedly bring great difficulties to operations.
(End of this chapter)