King of Capital

“Baoneng Group is going to bid for Gree Electric Appliances!”

The SASAC teams from Shenzhen and Zhuhai sat on both sides of the long table in the conference room, and Director Wang from Zhuhai introduced the specific situation.

Since this matter had nothing to do with Meizu and happened too abruptly, Xie Jingxing himself couldn't make sense of his thoughts for a while. There was really no one around him who could help, only Zou Jingyi was typing away on the keyboard to record the contents of the meeting.

First of all, when the dispute over Vanke's equity reached a stalemate and all parties made slow progress, Yao Zhenhua did not need to worry about the risk of a margin call due to a falling stock price. Instead, he urgently needed to consider how to compensate his insurance customers for the super high return on investment and the interest on tens of billions of leveraged funds borrowed from private capital in Jiangsu and Zhejiang if he could not handle Vanke.

The acquisition side cannot afford the extremely high cost of quickly buying shares to drive up stock prices. On the capital side, the combined annualized compound interest will not be less than 30%, and the cost is increasing every day, which is equally unacceptable.

Diverting available cash flow to other projects is an inevitable choice caused by various chain reactions.

Secondly, during the stock market crash last year, Jingxing Group held a 7% stake in Gree. There is no reason for Yao Zhenhua to treat it as a hunting target. Is he tired of living and thinks his life is too long?

"If Baoneng Group had sufficient funds, the current situation would not be here."

Xie Jingxing found it difficult to understand his frank words, and everyone present was silent, with no one able to give a definite answer.

Yao Zhenhua was unable to deal with Vanke, and if he were to take over Gree, he would have to kneel down with his hands clasped behind his head and get beaten. Both projects are at a stalemate and there is little progress. With his limited capital strength, he will be dragged down to death.

"We don't understand what he is thinking, but Baoneng Group held 0.9% of Gree shares in the third quarter and has rapidly increased its holdings to 2.34% since this month."

Director Wang pushed the paper materials provided by Gree to him to emphasize the factual basis, and continued: "The problem facing us now is that if Baoneng Group insists on its own way, we need your support."

"I don't know Yao Zhenhua, and I don't approve of Baoneng's speculative operations. There is no possibility of cooperation between us, and I can publicly guarantee this to all sectors of society." Xie Jingxing's face turned cold and his words became tough in an instant.

Director Wang quickly explained: "Mr. Xie, please don't think too much. Maybe it happened suddenly and I was a little anxious. We are all here to resolve the crisis."

"Actually, you don't need to talk to me about this. Jingxing Group has its own investment strategy. No matter how we operate, it's all business." Xie Jingxing spread his hands, stood up and walked away.

Everyone present was suddenly in an uproar. The leader from Shenzhen State-owned Assets watched coldly. The middle-aged male subordinate next to him leaned forward and whispered a few words to ask for instructions before quietly leaving the meeting room. He looked at Director Wang, who looked embarrassed and angry, and frowned involuntarily.

Jingxing Group and Baoneng Group raised their stakes in Vanke almost at the same time last year. Since then, Yao Zhenhua and Wang Shi have been fighting each other openly. Amid the stalemate, Xie Jingxing suddenly jumped out and held a 10% stake, and is still continuing to increase his holdings.

What is he going to do? Switch to real estate and play the role of white knight to save Wang Shi?
He is just a capital barbarian who is no different from Yao Zhenhua. It is extremely coincidental that the two of them appeared together in Gree, and the conspiracy is clearly evident on the paper.

When faced with external threats, Gree turned to its internal independent major shareholders for help and actively supported Jingxing Group to increase its shareholding to the relative actual control line; Baoneng Group took over the 10% of Vanke shares held by Jingxing Group, and its total shareholding ratio reached more than 33%.

Both projects came to an end at the same time, and the two barbarians each took one and worked together to achieve a win-win situation.

Xie Jingxing has added a third core to the smart home terminal ecosystem with Meizu Technology and Lezhi as the dual cores, or he could use the same method as Baoneng and simply and crudely dismember Gree and sell it for money.

Maybe he doesn't have such an idea at the moment and left the table in anger due to extreme dissatisfaction with the temptation, but Yao Zhenhua should have been afraid to avoid it but he took the initiative to run into the gun. Who dares to say that this is not a stroke of genius to join the game and decide the outcome outside of Vanke.

——As long as Baoneng enters Gree and Jingxing Group increases its shareholding, the end result will be that he will make the most profit.

From Meizu to LeTV and New DAESH, there are countless criminal cases. Only Didi, which has Liu Chuanzhi's own daughter, survived but also parted ways. It is dangerous to be an enemy of Xie Jingxing, and it is even more deadly to be his friend.

Director Wang's sharp scrutiny seems impeccable at first glance...

"Mr. Xie, I led a team to Meizu for research last month. On the one hand, we wanted to learn about the new energy vehicle industry chain, and on the other hand, we wanted to ask you about financial issues."

In the corridor outside the conference room, a middle-aged man spoke quickly: "We are very worried that if Baoneng gets into trouble, it will drag down many small and medium-sized banks and a large number of financial investment institutions in Shenzhen."

"The CSRC investigation team is already stationed at Baoneng's office. You should go ask them." Xie Jingxing simply refused.

"Mr. Xie, to be honest, the current situation is very complicated and one thing affects the whole body. Gree is not the focus of my concern."

The middle-aged man immediately and unceremoniously cut off ties with the Zhuhai brother company and said in a low voice: "We all know that the CSRC's investigation will take time. During this process, Baoneng and Vanke are in a critical situation!"

Xie Jingxing was stunned for a moment, and was silent for a few seconds, trying to say something, but in the end he just shook his head gently.

The middle-aged man had no choice but to chase him through the corridor. Seeing the elevator floor number jumping, he anxiously used his body to block the elevator door and tried to pull it back. Zou Jingyi followed beside him, staring blankly, at a loss.

"Mr. Xie, although we haven't had much contact in the past, you have invested in many start-up companies in Shenzhen, and I often hear you cooperate with the local government when I go to other places."

"Which unit are you from?"

"Excuse me, let's talk about something."

The elevator door opened and asked. The middle-aged man looked back at the woman standing in the elevator, stepped aside to make way, waved his hand and signaled her to leave quickly and not cause trouble. Then he looked at Xie Jingxing again: "I hope you can understand and support us..."

"Boom."

The middle-aged man stumbled forward after being knocked. Xie Jingxing stretched out his hand to hold his shoulder, and without giving him a chance to open his mouth to scold him, he pushed him away, walked straight into the elevator, paused, turned around and commented: "There are some things you can't say."

"Your boss wants to rule the southeast?"

Yu Nian rubbed her wrist and pursed her red lips. The middle-aged man watched the elevator door slowly close. After a long time, he came to his senses and felt the back of his shirt was sticky and wet, and waves of cold sweat soaked his whole body.

Last time, he wanted to use the opportunity of visiting Meizu to persuade Jingxing Group to support Wang Shi in introducing Shenzhen Metro Group.

Now the situation has taken a sharp turn. If the former can be brought into cooperation with the Baoneng Group and Wanbao's predicament can be quickly resolved locally before the CSRC makes a decision and takes action, they would not mind having Lagree be the scapegoat.

In short, whoever's child it is should worry about it. Director Wang also wanted to blur his stance and put pressure on Xie Jingxing in the name of the officials from both places.

The key to the mutual involvement and exploitation between the two sides lies in the fact that everyone is vaguely aware of Marshal Xie's background, and it is difficult to be ruthless and use many effective and practical means against him unless they have no other choice, so they can only use words.

At this moment, the phrase "sitting across the southeast" was enough to prove that the rumor was true. The middle-aged man stroked his back with cold sweat and looked out the window at the end of the corridor, looking for the direction of Shantou...

"Ding."

The elevator reached the first floor. Xie Jingxing walked out first, while Yu Nian lagged behind and scolded expressionlessly, "Next time you encounter something like this, just slap him."

"You have to understand what you do and stand up to your boss at the critical moment. If you make a mistake, it has nothing to do with you. If you do nothing, you are a fool."

She barely managed to control her emotions and warned: "This should never have happened."

"I'm sorry, I was slow to react, I won't do it again next time." Zou Jingyi admitted her mistake with a bashful look on her face. Yu Nian looked at the little girl who was about to cry because she was about to accept the punishment, and immediately lost all her anger.

What she said shouldn't have happened was the rhythm of the one-on-one conversation between the middle-aged man and Xie Jingxing in private. If this guy who couldn't figure out his own position really let this guy with a big mouth say a few words threatening you on behalf of Shenzhen, what would Xie Jingxing do?
If you don't take it seriously, everyone will want to imitate you when you do business all over the country in the future. If you take it seriously, the bosses who are represented for no reason will be confused, and no one on both sides will benefit and will have to swallow their anger.

Zou Jingyi just shouted twice and attracted the attention of others. Could it be that the middle-aged man dared to openly talk about his way of cheating brother cities?
The bottom line is that they are too young and their limited experience is not enough to face such a fierce collision situation. It is useless to scold them. The blame should be put on Chen Xi. He is surrounded by these little bitches who are trying to curry favor with him. None of them are good!

"Tell me about the problem?"

After returning home from the government office building, Yu Nian sent Zou Jingyi away, closed the door, and actively helped solve problems.

"Shenzhen's attitude is clear that it doesn't want me to take over Vanke, and Zhuhai suspects that I will increase my stake in Gree to gain actual control. This makes sense."

Xie Jingxing thought about it all the way but still didn't understand: "So why did Yao Zhenhua want to join Gree?"

"Let's bring Gree to your doorstep and see what choice you will make." Yu Nian gave the answer easily.

Xie Jingxing raised his eyebrows: "Why should I make a choice?"

"If you go out and say you can use 1000 billion in cash at any time, how many people will believe it?"

"..."

"The acquisition of Meizu cost 200 billion yuan in a bet with the city government. Wanda just completed its privatization and delisting, which cost another 50 billion yuan. The second bid for Vanke cost 90 billion yuan. Add in several large investments in Mobike, and it's more than 300 billion yuan."

Yu Nian continued to talk to himself and asked, "How can you come up with at least 400-500 billion yuan to simultaneously acquire Vanke and Gree?"

"Normal people can only think this way. The problem lies with you. You are abnormally rich." She simply concluded.

Xie Jingxing could either be stuck in the Vanke deadlock and look around, or go with the flow and swallow up Gree. From Yao Zhenhua's perspective, he might feel that there is no need to take the initiative to negotiate, as the two sides can work together perfectly based on tacit understanding.

And how can a normal person believe that his original intention was to resolve the situation rather than play the role of a capital barbarian.

If you randomly pick someone on the street and tell them that you bought Vanke out of righteousness and have no feelings towards Gree, they will ask you, "Brother, are you okay? If you're okay, have some Lychee."

It was just like this that Xie Jingxing was in a position where everyone doubted him.

All the hardships and pains are the fate of heroes, but he has never thought of being a hero, so why should he enjoy such suffering.

"Otherwise, let's quit."

Yu Nian broke the long silence, walked forward and hugged Xie Jingxing from behind, stood on tiptoe and put his chin on his tall shoulders: "You have already given your all without reservation."

"The situation is becoming increasingly complicated. If we continue to exert pressure from all sides, we will completely lose the initiative," she consoled softly.

Xie Jingxing asked thoughtfully, "Is Gree an excellent investment target?"

Yu Nian was stunned and speechless. He understood the unspoken words from his eyes - since they all regard me as a capitalist barbarian, then I will just be a barbarian.

…………

Three days later, April 10th.

Gree Group announced that Dong Mingzhu has stepped down as chairman, and a leader dispatched by ZH City will take over the position and be responsible for resolving the crisis of actual control changing hands.

The Baoneng Group continued to increase its stake in Gree shares, and Qingyou Securities Investment Management Company, a subsidiary of Jingxing Group, joined the battle. Perhaps Director Wang still wanted to resolve the issue through negotiation, or there may be other reasons why the information was not made public.

Many leaders from relevant departments of ZH City visited Meizu headquarters one after another, and without exception, they were blocked by the little girl who looked like a door god at the door of the chairman's office. There was no courtesy at all, just a "thank you, Mr. Chairman, for not seeing you!"
"I won't go in. Call Mr. Xie out for me."

"Sorry, please don't disturb us. If you insist, I can only call security."

"You little girl, do you have any manners? Don't say I slapped you in the face."

"Back then, you led people to stop foreign investors at the gate of Gree Company. Everyone inside and outside the company admired President Dong for being such a remarkable woman. As a local, I always take you as a role model." Zou Jingyi instructed the employee next to her, "Send President Dong downstairs."

"You're still excited, right? Who dares to touch me?!" Dong Mingzhu rolled up her sleeves and moved forward.

Like Vanke, Gree Electric Appliances' privatization reform has resulted in an extremely dispersed equity structure, a historical legacy that gave Yao Zhenhua an opportunity to take advantage of.

At that time, the Guoge Li Group's shareholding in Gree Electric Appliances kept decreasing, and it was trying to use the Gree Electric Appliances trademark to sell other home appliances. She publicly clarified that the home appliances produced by Gree Group had nothing to do with the 'Gree Electric Appliances' brand.

As a result, conflicts arose between Zhuhai's state-owned shareholders and the management, which had been accumulating resentment for a long time. The former seized the opportunity to introduce foreign shareholders to take over Gree Electric Appliances.

While she had the due diligence team of the foreign investors blocked at the company's door, she secretly went to Guangzhou to meet with the big boss to explain the pros and cons, in order to turn the tide and repel the malicious covetousness.

How could it be like this moment at that time? The little girl who had just grown all her teeth mentioned this matter with such a sarcastic tone that she really deserves a slap in the face.

"Hey, Mr. Dong, you seem a little angry."

The office door opened, Xie Jing Xing put his hands in his trouser pockets, and asked slowly with a smile: "You want to fight me?"

"Gree does not welcome you." Dong Mingzhu said straight to the point.

Xie Jingxing sneered: "What a rare thing, where do I throw my money? Do I need a permit?"

"I know you have money, and I'm grateful for your help last year."

Dong Mingzhu paused for a moment and then changed the subject: "So even if I don't welcome you, I believe you are much better than some people. Think about it carefully, and come to me if you are interested."

"Don't be too indulgent to your subordinates. The little girl needs to be disciplined, otherwise she will be embarrassed for you if you take her out."

She gave Zou Jingyi a final sidelong glance and said her last goodbye in style. Many employees in the corridor were peering around to watch, and were all stunned at the same time. What kind of outrageous behavior was this? She came to the door and made a fuss for such a long time just to vent her emotions and say harsh words in person?
Think about it, Ms. Dong angrily criticized Xiaomi and Midea's equity investment cooperation as a collusion between liars and thieves, which seems quite reasonable...

"This old woman has something to say."

Xie Jingxing patted Zou Jingyi on the shoulder. The little secretary didn't embarrass herself. She handled it beautifully! (End of this chapter)