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Chapter 612

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    You can search "Looking Back 1991" in Baidu to find the latest chapter!

    August 23, 2006

    The Li Jiacheng family announced that it will acquire the All England Water Company at a price of 7.56 billion pounds, obtaining 56% of the drinking water supply capacity in the UK.

    At the same time, the Li family and the labor union reached a package plan. In addition to providing 28 days of paid vacation per year, they promised to increase the salary of employees by 8%, and provided full medical insurance and on-the-job training plans to continuously improve the professional capabilities of employees.  .

    ? After rigorous evaluation:

    ?The Lee Consortium¡¯s move has greatly increased costs, and the overall investment yield of the project is lower than 1.8%. If the operating costs are not properly controlled, it may fall into a loss situation at any time.

    At this time, Wang Yaocheng had finished his tour in Europe and flew to Los Angeles on a Boeing 77 special plane.

    Sitting in the Mediterranean manor, Wang Yaocheng got the inside information about the capital of the Li family blocking the royal family fund.

    The message shows:

    ?Since the Royal Family Fund swept Hong Kong's Cheung Kong Enterprises Group and Hutchison Whampoa, Mr. Li Jiacheng, who is in his 80s, has suffered a lot. His health is worrying and he has been bedridden all year round.

    His family business is dominated by his eldest son, Li Zeju, including investment in the energy industry in North America and public sector investment in Europe.

    The blocking of the acquisition of the All England Water Company is due to the Li family's strategic capital investment needs on the one hand, and personal grievances on the other.

    According to insider information, when Royal Fund raised its offer again, Li Zeju, who presided over the merger and acquisition, categorically rejected the veteran's proposal to give up, and chose to increase the offer, and finally embraced the beauty.

    Suffering big losses at the hands of Wang Yaocheng one after another, leaving a huge shadow in the heart of the wealthy son Li Zeju who has been going smoothly.

    Perhaps in Li Zeju's heart, there is always an obsession to wrestle with Wang Yaocheng, which is why he made such an irrational decision.

    Judging from the performance of this business war, Li Zeju is just a mediocre businessman, and he is not enough in terms of ability or business wisdom in the world's financial circles.

    in Hong Kong Island

    ? When Li Jiacheng heard about it in the hospital bed, he almost vomited out a mouthful of old blood, and his condition worsened immediately. Li Zeju and Li Zekai brothers flew back to Hong Kong overnight by special plane.

    Think about it too

    The acquisition price of 7.56 billion British pounds is almost equal to 90.8 billion Hong Kong dollars, plus the promise of salary increases and increased benefits to 22,500 employees of water companies in the UK, the payment is more than 100 billion Hong Kong dollars.

    Originally, the annual profit was only 375 million pounds, so a large part will be divided by the employee benefit plan, which is simply not worth the loss.

    It can be said that it is a blood loss to gamble the hundreds of billions of investment of the net worth in exchange for such tasteless assets.

    The characteristics of the public utility sector are very obvious, with a large investment return period and a long period of return, stable customers, and stable income.

    The annual profit of the British Water Company is stable at between 375 million and 400 million pounds. The number of customers and profits are relatively stable, and there has not been much change for 15 years.

    ?Because it is related to the national economy and the people's livelihood, the government strictly controls the price, and it will never be easy to adjust the price of water supply.

    Mr. Li hastily agreed to the trade union's request for a salary increase and a series of welfare plans, but the result was disastrous.

    To imitate Li Zeju, he invested a huge amount of assets in the All England Water Company, which can be said to be a fatal failure.

    After all, compared with the size of the royal family fund, the Li family is nothing.

    ?As of the end of the second quarter of 2006, the cash flow of the royal family fund has exceeded 222 billion US dollars, which does not include the tens of billions of US dollars in assets of the family trust fund.

    The consortium owns a large number of high-quality assets and continuously contributes cash revenue, which is as high as 60 to 70 billion U.S. dollars every year.

    On this basis, a wealth preservation and appreciation plan is proposed.

    On the other hand, what does the Li family have?

    ?After losing Cheung Kong Industrial Group and Hutchison Whampoa, the Li family lost weight on the Hong Kong Stock Exchange, gradually cleared their holdings, and returned a large amount of cash flow.

    That is to say, the Li family has no pillar industry now. In addition to investing tens of billions of Hong Kong dollars around the world, hundreds of billions of Hong Kong dollars are all locked up in the British water company, but they cannot get the benefits they deserve.  .

    Once there is trouble, the result can be imagined to be miserable.

    The Royal Family Fund is different. According to the investment plan, even if it encounters a financial turmoil and the assets of the British water company suffer a huge impairment, it can still obtain a stable income of 375 million to 400 million pounds per year.

    As long as the economic crisis is overcome, the value will naturally return in a few years. The so-called asset impairment is just a book.??

    "Save your dinner, you'll regret it."

    Rey Dalio left angrily. Wang Yaocheng looked at the thin back of the old man leaving, and couldn't help bowing deeply to see off this cute and grumpy old man.

    For various reasons, Wang Yaocheng was unable to agree with his remarks in public, but it did not prevent him from giving him respect. This is a fighter who insists on his own philosophy of life.

    Specifically, Rey Dalio is a representative figure of Wall Street data analysis flow.

    This school does not rely on perceptual analysis, but uses mathematical models to analyze economic growth and decline, finds similarities and differences in economic laws from historical data, predicts the future through proprietary mathematical models, and guides investment decisions.

    In fact, in this regard, Wang Yaocheng has more detailed figures. Among the new housing users in the United States, sub-credit customers account for 54.6%. What does this mean?

    It means a huge powder keg that will explode at any time due to policy changes, and will blow everyone involved in subprime loans to dust.

    These subprime credit customers say that it is good to have $500 in their possession, and some people even spend all the money in the next 50 years, and they are simply insolvent.

    Among these customers with extremely poor credit credit, there are many criminal records. Most of them are penniless. They can even kill people in the street for 20 dollars, but they can buy 100,000 dollars worth of money with a social letter of credit.  houses.

    And those well-dressed Wall Street elites took the subprime loan asset package launched by the bank to pass on the crisis, whitewashed it, listed it for huge profits, and subcontracted it layer by layer.

    In this process, Wall Street has undoubtedly obtained huge profits, but it has continuously magnified the risks and played the game of drumming and passing flowers.

    Did they not see the crisis?

    The answer is: no.

    As an elite-educated Wall Street person, everyone has seen the hidden danger, but they have turned a blind eye because of the blinded interests.

    I just need to take care of my own pockets, how can I care about other people's lives?

    Wang Yaocheng lit a cigar in the office, letting the strong smell of cigar permeate, his eyes looked complicated and cold.

    Strictly speaking, most of the wealth of the consortium comes from the US market. Whether it is Internet high-tech companies, Atlantic Business Machines, or Marvel Animation, they have all brought wealth to the consortium.

    But say one thousand, say ten thousand.

    The Wang Consortium is also an outsider in the US market, and it will not and will not be accepted as one of its own in the future. It is a passerby after all.

    When the prosperity is over, it's time for the end of the song.

    Although I can't bear it in my heart.  But Wang Yaocheng still forced himself to harden his heart. After all, the coming financial crisis is a pie from the sky for the entire Wang's consortium.

    The complete improvement of the layout of the entire consortium depends on the huge lethality of this financial crisis.

    It is time to celebrate the harvest when there are chicken feathers all over the place.

    It's okay, I have to catch this big fat sheep and desperately pull the wool.  (Remember the site URL: www.hlnovel.com
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