Chapter 520 Good things come in pairs
Just hung up the phone.

Pu Jiajing came over holding her newly bought Apple laptop.

When Fan Wumian saw the huge Apple logo, he joked:
“You applied for funding yesterday just to buy this? Women really only care about appearance and never pay attention to performance. You picked the most flashy computer. The parts are expensive to repair and many software can’t be used. It’s really meaningless.”

Because he has used it, he has a say.

I once bought a laptop with the “Touch Bar” function. Later, I replaced the screen three times. It has been left on the desk for years, gathering dust, and I have to quit playing many games.

The iMac provided by the company is not very good. Not only does the screen have ghosting and a ticking timer, but it will freeze within a few minutes and the fan will whirr if you open more office software.

From then on, whenever he saw others buying Apple computer products, he would think that they were “being taken advantage of”. The only way to describe it is that they were being flashy and frivolous.

Pu Jiajing replied:

“It’s relatively light, easy to hold, and the screen is clear, so I can use it to watch TV. I’m a distinguished Tudou super member.”

“.”

“Boss, the consulting company has sent us new information. This year, China Merchants Bank Securities’ third capital increase and share expansion plan is being submitted for review. Seven of the 40 old shareholders have chosen to subscribe. Recently, there have been rumors that it may go public through a backdoor listing. I’m afraid some shareholders will choose to wait and see. It’s hard to say what the acquisition price will be.”

Pu Jiajing placed the computer in front of him and added:
“How about we do the same as Sanyao Heavy Industry and contact the major shareholders directly? The people from the consulting company contacted four companies that subscribed for the shares, and none of them have any intention of selling in the short term. One company increased the subscription price by 4% a few months ago and is willing to sell to us at 20 yuan per share.”

Fan Wumian carefully checked the contents of the document and muttered:
“It’s obvious that it was made by mainland employees. It’s amazing how they can always make simple content so incomprehensible that it makes me feel dizzy after reading it.”

The information should be provided more carefully to prevent any accidents. It is possible that a difference of one word may lead to two completely different meanings.

But Fan Wumian had to look through a lot of documents every day. He always liked concise reports, so he read them patiently and found clearly that he had missed the best time to invest in China Merchants Bank Securities.

If the old shareholders of this company had been contacted to subscribe for a batch of shares on their behalf before the third capital increase and share expansion plan of China Merchants Bank Securities was released, they might only have to give a commission of one or two percentage points on the basis of the cost price.

In contrast, now, China Merchants Bank Securities has been profitable for two and a half years in a row, and is almost meeting the rigid requirement of three consecutive years of profitability before listing. In addition, the company’s net profit in the first half of the year was as high as more than 4 million yuan, which has invisibly boosted shareholders’ confidence in it.

Fortunately, there has been no real news about the listing of China Merchants Bank Securities, and it is still dragged down by massive debts and non-performing assets, so its value has not yet been truly reflected.

It coincides with the “darkest hour” of mainland securities firms. Even top securities firms such as Huaxia Securities and Southern Securities have gone bankrupt one after another. No one dares to touch the shares of unlisted securities firms at present. Only ambitious gamblers are willing to bet at the bottom.

In Fan Wumian’s eyes, the potential of this company is almost on par with that of Sanyao Heavy Industry. Since it may be helpful to the fund business, it is worth squeezing out some working capital to make early arrangements.

He told Pu Jiajing:
“A 20% premium is too high. A few points is more appropriate. Please help me negotiate the price. The price should be within 1.07 yuan per share. The total purchase amount is about 2 million yuan.”

Even though it is just a difference of “0.01” yuan, according to the plan to purchase 2 million shares, the cost price will differ by 200 million yuan.

Pu Jiajing didn’t think about it. She just wrote down the key points and passed them on to the family office as a messenger. Someone would naturally be responsible for their implementation.

2 million shares can account for about 6.2% of the total share capital of China Merchants Bank Securities. The lack of cash on hand is only one aspect. The other is that the shares are in the single digits. Don’t rush to become a major shareholder, as it will be easy to cash out in the future.

If he sells the shares of Sanyao Heavy Industry and invests all the money in China Merchants Bank Securities, he will instantly become the second largest shareholder of the company. However, when he reduces his holdings to cash out in the future, it will easily cause the stock price to plummet.

What Fan Wumian pursues is real money rather than just entertaining himself with wealth on paper, so he prefers to diversify his investments and break them down into smaller pieces to avoid being deeply tied to certain listed companies.

Subsequently.

He frowned again and said:

“It’s very convenient to open a fund company in Hong Kong. At most, you can just acquire an existing one. It might be a bit troublesome in the mainland. It’s easy to acquire bankrupt companies, but it also brings a lot of trouble. Some shareholders just run away with the money, leaving a mess behind. Taking over these broken companies is just asking for trouble.”

Pu Jiajing asked:
“Then I’ll ask someone to find out?”

“Boss, you said it yourself. The industry generally has no confidence in securities and funds. If you can boost market confidence, I think I will give you the green light.” “But it’s best to wait until you have acquired the shares of China Merchants Bank Securities before releasing the news to the public, so that people won’t see that you really want to buy it and then raise the price.”

“witty.”

Fan Wumian continued:
“The flow of funds in the mainland is restricted. It would be great if we could raise funds to invest in some listed companies overseas.”

“I have long been dissatisfied with many foreign multinational companies. Why can they reap the dividends of developing countries crazily while we can only respond passively?”

“They acquired our brands to seize the market. We should also pay more attention to foreign high-tech companies and seize some of the dividends of technological development.”

Pu Jiajing said calmly:

“It seems that there are no restrictions in Hong Kong. As long as the rich people in the mainland want to give you money for investment, they will always find ways to transfer their assets to Hong Kong. When I bought your old house, I asked a few relatives to help me exchange foreign currency to raise the down payment.”

Starting a business on your own is far more troublesome than investing and managing finances overseas. Even before the project officially started, Fan Wumian was already starting to have a headache.

Considering that so many securities firms have gone bankrupt, he plans to hire some talents and form a new team to help deal with the troubles.

Another two or three days passed.

Originally, Fan Wumian was not in a hurry to set up a fund company, but the Shanghai Stock Exchange officials were extremely proactive, with multiple departments coming to his door with gifts and taking the initiative to communicate with him.

Because of the notice from above, the official unit located on the two floors of Building 19, The Bund, moved out directly as soon as they said they would, and the rent was half-sold and half-given away, which was more cost-effective than renting an office building.

Excluding the Valentino East China flagship store on the first floor, there is a total office space of nearly 9000 square meters from the second to the sixth floor, with an annual rent of only 200 million yuan. The lease is for a total of 30 years, and it is stipulated that after the expiration, it will be allowed to be renewed for another 30 years at market price.

This is obviously not an intention to make money from rent, but rather to keep in mind the taxes and fees brought by the fund company, the help in increasing the employment rate, and other intangible influences.

Being flattered and treated with a lot of polite words all day long, and receiving many additional policy supports, tax and fee reductions, talent settlement and other benefits, Fan Wumian finally understood why the Shanghai economy had developed so well.

For example, although people in relevant departments felt that the name “Bandit King Fund” was not very good and seemed like an attempt to rob other people’s money, they still agreed to help register it as soon as possible.

Also preparing for registration is the Hong Kong City Bandit King Fund Company. The consultant reminded that some “licenses” are difficult to obtain, and that the company may acquire a small business with complete qualifications at that time.

There are hundreds of fund companies in Hong Kong, and they are competing fiercely with each other. Many of them are just empty shells. Merging their licenses can save time and does not cost much money.

Seeing that all the procedures were being processed so quickly, as if they were afraid that his big money sponsor would go back on his word and run away, Fan Wumian felt that he might have to wait until next month to open his own fund business to test the waters.

July 10nd.

Fan Wumian was watching the news at noon and found that the Fabergé Easter egg he had been paying attention to was sold to an anonymous buyer for US$664 million.

The transaction price was two to three million U.S. dollars higher than expected. The higher the price, the smaller the profit margin, so there is no need to regret it.

Just when I was doing nothing, Mr. Wang suddenly came to visit me.

When he went downstairs, he saw Mr. Wang standing at the door with a smile on his face, and said to Fan Wumian:

“Thanks to Mr. Fan for his help, the financing has been negotiated. Gangcheng Zuo’s Real Estate has used RMB 8.25 million to exchange for 25% of our Wanda shares. Once the funding problem is solved, I feel much more relaxed.”

“I don’t know what you like, but I happen to be collecting paintings by famous artists. I just happened to bring these two paintings by Wu Guanzhong here. I originally wanted to hang them in the office of the Shanghai branch for decoration. Today I will give them to Mr. Fan. Good things come in pairs.”

“I hope we can have more opportunities to cooperate in the future. I have to fly to Guangzhou for some business. We can have dinner together next time when we are free.”

(End of this chapter)