Chapter 538 Huge Empire

Now Yang Cheng knew how important this document was in his hand. It would not be a big problem to sell the San~xing Group's asset allocation table outside for tens of millions or hundreds of millions of dollars.

However, Yang Cheng will not easily accept the pie that fell from the sky, the free lunch is not easy to digest, and the san~xing group has a lot of cooperation options, why should they value themselves?

With a slightly narrow mind, don't you feel that your own strength is not enough to shake the foundation of San~, so it is better to control it?

But it has enough deterrence to the outside world. When the time comes, it might be possible to kick him out of the game.

This possibility is the greatest, otherwise Li Jian~xi will really become an angel in the world, send him warmth?

"Jason, my father's idea is to spin off San~Star Products from the group company, and merge all its military, chemical and some real estate businesses into a new heavy industry group company. This brand new heavy industry group will introduce overseas investors. And choose an opportunity to go public in the United States." Li Fu~zhen spoke their plan.

Yang Cheng was stunned for a moment, and her thoughts changed sharply, "Re-listing in the United States? If that's the case, it's not impossible to consider."

According to what Li Fuzhen said, Li Jianxi almost packaged all the heavy assets under San~xing. After obtaining overseas financing, the San~Star Group with San~xing Electronics as its core will instantly go out The coveted hearts of old women and ZF, because san~xing electronics is one of the few world-class companies in South Korea today, and such a star company must not easily intervene.

And the heavy industry and other companies that were spun off by Li Jian~xi were listed in the United States, achieving a certain degree of transparency, and the Korean government could not intervene. This not only solved the crisis, but also created a relatively stable for the younger generation The environment and bright future, I have to say, Li Jianxi's hand really turned decay into magic.

However, will the South Korean government agree to list military companies involved in military secrets?

Yang Cheng threw the question to Li Fu~zhen, but she didn't answer, but looked at Li Jian~xi, obviously this question was beyond her ability.

"This is a question for me to consider. What you need to do now, Jason, is to decide whether you and your family want to participate in this investment. Believe me, San~Star Group and my Li family will definitely be worthy of every investor's money." A penny." Li Jian~xi made a fool of himself, and directly woke up Yang Cheng, how to negotiate with ZF is not Yang Cheng's concern.

Regarding this, Yang Cheng just shrugged his shoulders. He didn't think there was any need to keep it a secret, but since people attached so much importance to it, he didn't need to make fun of himself.

Simply open the folder, the beginning is the total asset allocation of San~Star Group. As of 2014, San~Star Group has 85 subsidiaries, 489,000 employees, total assets of 529.5 billion US dollars, and a turnover of 305 billion US dollars. More than 20 different types of products occupy the first place in the global market. In the civilian field alone, it includes many world-class companies including San~Star Electronics, electrical machinery, heavy industry, engineering, securities, insurance, amusement parks, and hotels. , the hospital, and Yang Cheng's most important san~star semiconductor.

But unfortunately, Li Jianxi did not include the semiconductor business in the list of assets divested this time. Yang Cheng was depressed. If the semiconductor business was merged, the brand new heavy industry group would instantly become one of the world's giants. Egg, there are too many secrets involved in semiconductors, even if Li Jian~xi agrees, the South Korean ZF will desperately obstruct it.

Yang Cheng focused on the asset allocation list that was spun off this time. Among them, the main military, aerospace, petroleum and petrochemical businesses should not be underestimated. The strength should not be underestimated. Among the military products developed by san~xing, the 155mm K-9 self-propelled howitzer can be regarded as a typical representative.

K-9 is a relatively pure "san~star original + manufacturing" product,

It was developed by San~Star Shipbuilding and Heavy Industry Company in 1989 to replace the American M109A2 155mm self-propelled howitzer.

The first sample gun was completed in 1994 and passed the military inspection in 1998. South Korea also became the first country in Asia to equip a 52-caliber 155mm howitzer. From the data performance point of view, the performance of the K-9 is advanced, and the barrel is equipped with A temperature alarm device, a Doppler muzzle velocity measurement system is installed on the gun tail, the muzzle velocity of the gun is 924 m/s, and the maximum range is 40 kilometers. The engine is front-mounted, and the layout is relatively reasonable. It is very convenient to replenish ammunition and personnel to enter and exit, and it also reserves more space for upgrading and transformation.

The K-10 ammunition supply vehicle, the auxiliary equipment of the gun, was successfully developed in 2006. It is also the world's first logistics vehicle that uses robots, that is, highly automated means to supply ammunition. 12 rounds are fired.

However, with regard to this autonomous weapon that the Koreans are proud of, in the Korean-North Korean conflict on Yeonpyeong Island that broke out in 2010, the K-9 equipped by the Korean army participated in actual combat. After being shelled by the North Korean army, the Korean army used 6 The K-9 fired back, but two of the guns failed, coupled with the lack of response, and failed to achieve the desired results. The gun was therefore questioned by public opinion. No one knows what the truth is. Very strict, but Yang Cheng knew it with his ass, this was another act of deception by the arrogant sticks.

However, because the performance indicators are in a leading position in the world, the South Korean Army still continues to use it. So far, it has equipped more than 500 vehicles and will soon export them to India and Poland. From this point of view, this business still has some value.

In addition, the entire military industry business also includes aviation, warships, radar, power, missiles, etc., not to mention anything else, just relying on orders from South Korea is enough to ensure the profitability of the military industry business, at least it will not pull the new heavy industry group back.

In addition, san~xing comprehensive chemical, san~xing total, san~xing commercial equipment and san~xing Thales are also included in the list of divestitures. The valuation given by san~xing group is 12 billion US dollars , if this action is successful, in the future San~ Xing will withdraw from the field of military industry and heavy industry, and concentrate on electronics, finance and service industries, which will not only reduce the burden of assets, but will not be taken advantage of by robbers. More importantly, San~Xing Li's family will not cause assets to shrink because of this. After the new heavy industry group is listed in the United States, their family's net wealth may increase sharply.

And Li Jianxi himself will still be an important figure in the San~Star Group, and he will still be the largest individual shareholder, holding 1.9% of the shares of San~Star Electronics, and 3.7% of the shares of the resort project developer San~Star Everland Li Jianxi also holds 16.2% of the shares of Samsung Life through other overseas accounts.

In fact, San~Star Group, like Japanese and Korean chaebols and Chinese consortiums, has a complex equity structure. More than half of the equity in its flagship business, San~Star Electronics, is held by foreign institutions and individuals. 5%, but through the pyramid and cross-shareholding, the subsidiaries of the group are closely connected. The cross-shareholding and complex pyramid structure enable family members to control the entire group to the greatest extent while owning limited shares. At the same time, this complex Structures provide some level of tax avoidance.

Li Bingzhe, the founder of San~Star Group, has 8 children. The eldest son Li Mengxi was once the vice president of San~Star Electronics and was once considered the successor of San~Star Group. Younger brother Li Jian~xi, Li Mengxi "lived in seclusion" in the capital after being "deposed", Li Jian~xi became the main heir of the group, and got the flagship of Sanxing Group-Samsung Electronics. In the future, this core asset will also be inherited by his eldest son Li Zairong.

The shareholding composition of San~Star Electronics is that foreign capital occupies the majority. According to the latest shareholding composition book, Wall Street investment institutions control 52% of San~Star Electronics’ shares. The anonymous account firmly controls the equity of san~xing electronics.

Don't ask how Yang Cheng knew it. It's not a day or two since Wall Street has had ill intentions for the world's largest mobile electronic device manufacturer after Apple, and it's not once or twice that they launched a board war, but none of them succeeded. Wall Street has given up, and the distant and mysterious East is beyond their reach.

At present, the power of the Li family mainly comes from Everland. In fact, San~Star Everland is a company fully controlled by the Li family, and owns the equity of various businesses such as electronics, finance, and trade under the San~Star Group. .

For example, Everland holds a 19.3% stake in San~Star Life Insurance, and a 7.6% stake in San~Star Electronics, which holds a 37.5% stake in San~Star Card Company, a subsidiary of the credit card business, in other words In other words, Samsung Everland indirectly holds a 5% stake in Samsung Card Company.

One of the most important subsidiaries under the name of the Lee family, his son Lee Jae-yong holds the majority of the company's shares, reaching 25%; his two sisters Lee Fu-jin and Lee Seo-hyun each hold 8.4% of the company shares, while Li Jianxi himself holds a 3.7% stake in the company.

Therefore, even if the heavy assets are divested this time to form a brand new heavy industry group, the Li family will retain control of the new group in the same way. Of course, this does not matter to Yang Cheng, and he has no time to manage a huge industry in South Korea. Groups, Bangzi's company is best managed by Bangzi himself, and the odds are king against the odds.

"How much can I subscribe at the most?" Yang Cheng put down the folder and asked, this is the core of the problem, holding too few shares is meaningless, and simply going public to cash out is meaningless, not to mention that the Li family needs their own influence to help resist the pressure from the government , so this shareholding ratio will never be less.

This question has long been settled within the Li family, so Li Fu~zhen replied without hesitation, "I will be the largest individual shareholder of the new heavy industry group, accounting for 15%."

Yang Cheng was stunned, no wonder Li Jian~xi asked himself how his relationship with Li Fu~zhen was. It seems that the opportunity to deal with Li Fu~zhen in the future is indispensable. In other words, his personal shareholding ratio cannot exceed 15%, otherwise How can Li Fu~zhen maintain his status as a major shareholder?

However, he suddenly had a flash of inspiration. Could this be Li Jianxi's compensation for his eldest daughter in disguise? The eldest son has partitioned the most core assets, so why can't the eldest daughter suffer too much, right? What's more, Li Fu~ Zhen's divorce is a foregone conclusion. Giving such important assets to her is no different from her son!

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