After Li Mu had a meeting at Muye Technology, Song Liang couldn't hold back his excitement and called him to tell Li Mu the message he had been waiting for all morning.
Song Zhilei has signed a contract!
The equity transfer agreement took effect immediately, and Wanying also paid him an acquisition fee of 20 million yuan. From this moment on, Juncheng Real Estate became a company 100% controlled by Wanying.
After completely completing the acquisition of a company with actual assets of more than 2 billion or more, Li Mu's actual cost was only 20 million. As for the remaining 800 million, it will be paid to Weilan in three years. 20 million Wanbo 20 More than 100 million, the leverage is increased by more than 100 times!
Li Mu asked Song Liang, "Have you told Lao Chen?"
"Not yet. I'll call you first to inform you of the good news. I'll call him later."
Li Mu hurriedly said: "Brother Liang, call Lao Chen later and ask him to urge Lao Zhou and Zhao Haichao to go through the process quickly and strive to issue the fund in the shortest possible time!"
Song Liang smiled and said: "Don't worry, Lao Zhou and Lao Zhao are more caring than you."
Song Liang was right, Lao Zhou and Lao Zhao were indeed more caring than him.
From the birth of the Internet bubble to the present, China's economic situation has not been good, and sluggish domestic demand has been a major problem. In order to stimulate investment and increase consumption, the country has cut interest rates eight times in the six years from 1996 to 2002. I hope the people can take this into account. Money is taken out of banks to boost the domestic economy.
In this environment where the overall economic situation stimulates people to withdraw money from banks, it is a big problem for banks to attract deposits. If there is a problem in attracting deposits, income will be greatly affected, so Lao Zhou also has performance pressure.
The annualized interest rate of the fund that Li Mu wants to promote is 3 percentage points, which is already higher than the current interest rate of national debt. National debt still needs to be snatched up. This kind of fund with higher interest rate and guarantee of principal and interest is for the banks that sell on behalf of the company. Selling will be easier.
At Lao Zhou's level, a profit of tens of millions is not a big deal, but if he takes this financial product to his bank, it will be equivalent to giving a very good benefit to the grassroots employees of his bank. There are always benefits in the bank system. There is an unspoken rule: high-quality funds are difficult to buy, because priority is given to bank employees, their relatives, and friends to subscribe. This fund is an extra small benefit for bank employees.
For Lao Zhou, what's more important is that he hopes to be tied to awesome people like Chen Ze and Li Mu. The benefits will naturally be endless in the future.
Zhao Haichao also has the same appeal. Juncheng Real Estate + Makino Technology, the two companies have a bottom line of 3 billion. This fund must have no risks, and there are considerable profits. This is in line with his pursuit of profit. In addition, In addition, being able to take the opportunity to get to know Chen Ze and Li Mu is also a very important gain for him. He really wants to build this fund in the shortest possible time and then leave it to Lao Zhou Lai to launch it and quickly launch it. Three billion helped Li Murong get it, which was equivalent to winning a favor from the two of them.
Chen Ze called Lao Zhou and told him that everything was ready. Lao Zhou immediately started moving in sync with Zhao Haichao.
Zhao Haichao made an approximate figure. The total issuance size this time is 3 billion. In order to ensure sincerity, the fund company’s commission is the same as the investor’s principal and interest. The settlement will be done after three years. The bank’s sales commission is 60 million. Prepaid by Wanying Real Estate.
It will take three years to get profits. Zhao Haichao is not worried about any risks or lag in profits. After all, it costs nothing for him to issue funds. He just uses his own fund issuance qualifications and his relationships in the insurance company system. Issued by a fund company, underwritten by his old employer's insurance company, and with Li Mu's guarantee, the fund is completely reasonable and legal, without any sidesteps. In this case, lag in profits is not a big problem.
At noon, Zhao Haichao did not bother to take a break and led a team to quickly go through the fund process.
He first rushed to Wanying Real Estate and verified that Wanying Real Estate's 100% holding agreement for Juncheng Real Estate was correct. Then the legal person Song Liang signed the agreement. Then he rushed to Muye Technology without stopping. In Li Mu's office, Signed a joint agreement between Makino Technology and Juncheng Real Estate and all details of fund issuance with Li Mu.
After completing these written procedures, Zhao Haichao hurriedly left and said to Li Mu: "I will go back and submit the materials for approval. The responsibilities for approval are not yet fully clear. In fact, it is just a process. The approval can be done as soon as this afternoon. Finish."
Li Mu asked him: "When can it be handed over to the bank for sale?"
Zhao Haichao said: "All the required documents are ready. Theoretically, after we get the approval this afternoon, we can directly connect the information to the bank and let them start sales. We have a framework agreement with them, so we can directly transfer the information without going through the process." Our fund financial products are now available.
Li Mu was overjoyed and blurted out: "The sooner the better, I'll wait for your news!"
When Zhao Haichao returned to the company, he started to go through the procedures as quickly as possible. The fund was named "Tonghai Real Estate Development". Tonghai is the abbreviation of the fund company where Zhao Haichao works. Real estate represents the field that the fund is inclined to. As for the suffix behind it, it has nothing to do with it. critical.
At 3:30 in the afternoon, all the processes including approval and underwriting were completed. The reason why it was so fast was also due to the current imperfect management system of the fund industry.
The total issuance of Haitong Real Estate Development is 3 billion yuan. It is issued by Haitong Fund, underwritten by Shoukang Insurance, Juncheng Real Estate and Makino Technology, and sold by commercial banks. The fund is a regular fixed-amount investment fund with guaranteed principal and interest, and is subscribed in units of 10,000 yuan. Subscription The term is unified to three years, and the principal and interest will be paid in one go after three years. If a large-scale run occurs in the middle, the insurance company will be responsible for the run, and Li Mu will pay the insurance company according to the interest rate given to the subscribers; if Juncheng Real Estate and Makino after three years If even Technology cannot pay the fund, the insurance company will pay the funds to the subscribers on their behalf, and Juncheng Real Estate and Makino Technology will fulfill the creditor's rights relationship with the insurance company.
In short, within the three-year period, Li Mu will not have any financial pressure after taking the 3 billion. If there is an emergency in the middle, the insurance company will take care of it. After three years, Li Mu only needs to use 3.5 billion to redeem it as stipulated in the contract. This agreement For Li Mu, there is no pressure.
When "Haitong Real Estate Development" completed the approval and underwriting process, Lao Zhou convened a meeting with the middle and senior management of his bank responsible for the fund sales system. At the meeting, Lao Zhou hid Juncheng Real Estate, Wanying Real Estate and Makino Technology, but Let me tell you, there is an investment fund issued by Haitong and underwritten by Shoukang, which is issued through its own bank. It has a three-year term, an annual interest rate of 3%, and is underwritten by an insurance company with guaranteed principal and interest.
As soon as the news was announced, the directors responsible for the fund business of each branch at the conference table went crazy.
Interest rates have been cut eight times in six years, and bank interest rates have become ridiculously low. Interest rates on government bonds are slightly higher, but the amount is limited. Most funds have taken the opportunity to take advantage of this opportunity, but most of them do not guarantee principal and interest. At most, they can only promise principal preservation. Such financial products Not very attractive to users.
3 billion fund with an annual interest rate of 3% and guaranteed principal and interest. The quality of this fund directly surpasses all the fund products in their hands.
So everyone was asking Lao Zhou one thing: "Three billion, how much can be left for internal employees?"
Lao Zhou waved his hand: "Haitong is now in the big picture, that's why I dare to promote this kind of fund. In order to give Haitong peace of mind, we naturally sell it as quickly as possible, so I have only one request for you this time: The sooner the better. If internal employees and family members can subscribe within one day, then let them subscribe. If they cannot subscribe, ask your account manager to contact the big customers in the financial management business, recommend them directly, and use them as quickly as possible. If we sell these three billion, Haitong will look at us with admiration!"
Lao Zhou didn't tell the truth. He didn't want Haitong to look at him with admiration, but he wanted Li Mu and Chen Ze to look at him with admiration.
The group of fund managers under Lao Zhou who are responsible for funds are also very happy. This kind of good financial management fund is an internal benefit to the banking system. Even if you or your relatives cannot subscribe so much, you can still introduce it to your friends and classmates. A favor, why not do it? People from the outside often ask internal bank employees to help them buy high-quality funds. Many young men in the bank have even found partners and mothers-in-law by relying on this. This kind of benefit is not very rewarding.
Commercial banks have a total of more than 100 branch offices and more than 4,000 employees in Yanjing. It should not be a big problem to digest three billion internally. Even if the internal digestion cannot be digested in one day, those big customers can digest it in one day. Three billion may seem like a lot, but when viewed in the context of the banking system, it is only a drop in the bucket.
So Lao Zhou adjourned the meeting early and asked everyone to quickly go back to their respective posts, make an announcement within the branches they manage, and then calculate the number of internal subscriptions and give them back to him before ten o'clock tonight.
Thanks to Lao Zhou and his management staff's implementation, more than 4,000 employees of the Yanjing Branch of the Commercial Bank received the good news before getting off work. The internal employees of the bank saw the three key issues of Haitong Issuance, Taikang Underwriting, and guaranteed principal and interest. After clicking, they knew that this fund was an absolutely high-quality fund with absolutely no chance of losing money, and the interest rate was high, which was much better than national bonds. Therefore, employees who were interested in financial management basically calculated how much they could subscribe for, and then Call your spouse and family to discuss how much you can afford to subscribe for.
Because Taobao’s summer brand day was on sale in the evening, Li Mu was going to Taobao to accompany the team to fight, so he went back to the apartment near the company to rest for a while, caught up on his sleep, and set an alarm clock for eleven o’clock. I thought I would be woken up by Chen Ze's phone call at ten o'clock.
The first thing Chen Ze said on the phone was: "The three billion fund Lao Zhou has all been pre-sold."
Li Mu was still drowsy, and when he heard this, he turned over in excitement: "What? Is it all pre-sold?"
Chen Ze snorted and couldn't hold back his excitement and said: "It was all sold out. It was all subscribed by employees and family members of the commercial bank. There was not a penny left..."
Although there are two chapters today, there are more than 7,000 words. Please support me by voting monthly!
(End of chapter)