Rebirth Strongest Tycoon

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Chapter 910 Wells Fargo Gets It, Layout Taiwan

“BOSS, I have completed the task you explained. This is all the materials of Wells Fargo.”

“All the equity shares have been acquired at a cost of 1.3 billion 8,000 3,000,000 USD.·”

In the chairman’s office of Polaris Capital, Peter Lynch solemnly pushed the stack of documents in front of Xia Yu and said.

“Good job!”

Xia Yu smiled and praised, then picked up the materials and looked at it carefully, feeling deeply in her heart.

The 4th largest bank in the United States in previous life, Wells Fargo, which was once the world’s largest bank before the scandal, was acquired by him.

The price is only less than 1.4 billion USD!

Although in the future to grow him, it will require continuous mergers and acquisitions like a snake, and it will also cost a lot of money, but no matter how you spend it, you will definitely not need a few 100 billion USD of the later generation market value.

After feeling a little bit, Xia Yu concentrates one’s mind, immersed in the information.

There are many equity shares transaction contracts, from many shareholders, the largest one is with California Consortium, and the single stock price acquired is the highest.

A total of 40% 3 equity shares cost 600 million 30 million USD.

As for the equity shares of other small shareholders, the purchase price is relatively low.

More or less, Xia Yu doesn’t care, it’s nothing more than a gap of a few 100000000 million USD. For him, who is now rich in funds, that’s it. As long as he buys Wells Fargo, he will make a lot of money!

As for the equity shares, Peter Lynch did offshore processing at the time of the acquisition. At present, Wells Fargo is a subsidiary of Polaris Capital’s 50% subsidiary. The remaining 40% of equity shares 9 are all distributed to other offshore companies. The shore shell company is in.

50% is enough to swear sovereignty.

After laying down the materials, Xia Yu asked Peter Lynch: “Peter, is the takeover of Wells Fargo completed now? What is the current situation of the bank?”

Peter Lynch said: “BOSS, now I have taken over Wells Fargo, but because the company has changed ownership and the bank President is about to leave, the current Wells Fargo internal employees have some concerns.”

“So now we have to find a suitable President for Wells Fargo as soon as possible. I suggest to promote a competent executive from within the bank.”

Xia Yu was slightly nodded and asked: “You know the personnel of Wells Fargo better, do you have a suitable candidate?”

Peter Lynch was very safe and prepared for this time, so he immediately said: “There are still several executive members of the California Consortium in Wells Fargo, but many of them are internally trained talents and professional managers. “

“One of them is very suitable, and that is the current Vice-President and Chief Financial Officer Yalman Simmons. He has been working for Wells Fargo since graduating from university. He has been working for Wells Fargo for 31 years and has stepped from the bottom to the bottom. Now this position.”

“I have brought his information.”

After speaking, Peter Lynch opened the briefcase again, took out a thinner document from it and presented it to Xia Yu.

Xia Yu took a closer look after taking it.

Ten minutes later, Xia Yu read the information of Alman Simmons and confirmed Peter Lynch’s recommendation in the heart.

This Arman Simmons is indeed an elite talent, and he is also one of the pillars of Wells Fargo. 31 years of work experience makes him the person who knows Wells Fargo best, and his personality is also strong. He takes over as Wells. The position of Fargo President is very suitable.

“Where is he now?”

Xia Yu put down the information and asked Peter Lynch.

The latter immediately replied: “It is now at the San Francisco headquarters. Because of the company’s change of ownership, the executives of Wells Fargo are not on business trips.”

Xia Yu nodded said: “If this is the case, don’t waste time. Go and make arrangements right away. I will go with you this afternoon to complete the personnel transfer.”

“Ok!”

After speaking, Peter Lynch left the office.

At 2:30 pm, Wells Fargo held a staff meeting. Xia Yu was sitting in the middle of the podium. Peter Lynch was the host. All executives at the headquarters attended the meeting.

At the meeting, Peter Lynch first thanked the current President Mickey Sardin for his dedication, and then announced the decision of the parent company and Wells Fargo Board of Directors to dismiss Mickey Sardin from the position of President, and Vice-President Alman Simon Si took over as President.

As Xia Yu expected, after Alman Simmons took office, he received warm applause.

It wasn’t until 4:00 pm 20 when the staff meeting officially ended. Xia Yu clearly felt that the atmosphere of the bank was less solemn and more relaxed.

After the workers’ meeting, Alman Simmons came to the chairman’s office and met Xia Yu and Peter Lynch.

After making a few simple jokes and letting Alman Simmons relax his mind, Xia Yu started talking about business.

“Alman, although you have just taken office, you have worked at Wells Fargo for 31 years after all. I hope you can take over all the work of Mickey Sardin as soon as possible and ensure the normal operation of the company.”

Arman Simmons immediately nodded, resolutely assured: “BOSS, I will strive to complete the handover within one week, and will not cause problems for the company.”

Xia Yu slightly nodded, and then said: “There are still some things you have to do as soon as possible after the completion of the handover. First is the personnel aspect. You should know that some of the executives are sent by California Consortium, and some are the accounting affairs at the time of the acquisition. The assholes of the company that have been found but have not been announced, these people must be resolutely cleaned out, and the list will be given to you by Peter Lynch, and you will check for errors or omissions.”

“For these people’s positions, you have to find suitable candidates to succeed. It is best to be promoted internally by the bank. If you can’t find a suitable one, report to Peter Lynch in advance, and he will contact the headhunting company.”

Aalman Simmons felt the tremendous pressure, but he also felt the determined attitude of Boss Xia Yu. He made it clear that he wanted to completely wash off the color of the California Consortium and involved the relationship between the consortiums. He didn’t understand, nor did he Convenient to express his position, the only thing he can do is to execute the new boss’s commands perfectly.

So he nodded with a facial expression grave and said: “BOSS, I will be fully prepared, please rest assured!”

Xia Yu continued: “The above is the personnel arrangement. Next, I will talk about the development direction of Wells Fargo.”

“Wells Fargo’s original development investment philosophy and model are very good and do not need to be changed, but in terms of volume, it is still small. It is currently only a western regional bank.”

“Polaris Capital needs a large bank covering the entire United States, so the main theme of the next few years is expansion.”

“The parent company will inject 1 billion USD into Wells Fargo for mergers and acquisitions. You need to find suitable small banks as the objects of mergers and acquisitions.”

“At present, with the nationwide inflation, the elites of all walks of life have been affected. The banking industry has been greatly affected. Now many banks have a hard time. There will definitely be a large number of bank failures in the next few years, even if they do not. Banks will also struggle to operate.”

“This is the most suitable opportunity to expand against the trend.”

“As long as you can fully control, you can continue to merge and acquisitions, even if it is a large bank of mergers and acquisitions, the funds do not need you to consider!”

This kind of domineering words made Aalman Simmons pleasantly surprised, and said quickly: “BOSS, I will make a secret expansion plan as soon as possible.”

“en!”

“Apart from this, there are many companies under Polaris Capital. These companies will be Wells Fargo customers. You should communicate more with President Peter Lynch, and you can decide what to do.”

“Peter, when the time comes, I need you to work harder.”

“I will arrange the injection of 1 billion USD of funds into Polaris Capital in a few days. When the time comes, you will transfer it to Wells Fargo.”

“Okay, this is my duty.”

Peter Lynch responded and smiled at Alman Simmons.

I arranged Wells Fargo’s affairs, and almost finished get off work, Xia Yu went home directly.

Next day, Xia Yu saw a piece of news.

The Taiwan authorities announced the construction of Taiwan’s first science and technology park in Hsinchu County, with a planned area of ​​up to 21 square kilometers. The slogan was loudly shouted, declaring that it would build a “Taiwan Silicon Valley”.

As soon as the Hsinchu Science Park was established, Taiwan authorities announced a series of preferential policies to encourage Taiwan and overseas capital to set up businesses in the park.

After thinking about it for a long time, Xia Yu came to Polaris Capital again to find Peter Lynch who was busy, and asked him to select suitable personnel to go to the Hsinchu Science Park, Taiwan, and establish the Taiwan branch of Polaris Capital.

The main task of the branch is to invest in high-quality and potential companies in Taiwan and the future Hsinchu Science Park, and then complete capital penetration into Taiwan.

Xia Yu knows that although Taiwan is small, the top 4 small dragons in the future still has a lot of good things. The later generation has 9 Global 500 companies, which are definitely worth investing or controlling.

However, Xia Yu also knows that the Hsinchu Science Park has just been established. What high-quality companies are impossible? Polaris Capital should be the first large multinational company to settle in, and it will be highly valued by the Taiwan authorities.

In order not to find the direction of the branch company, Xia Yu also pointed out Peter Lynch and asked him to arrange for someone to invest in a company called Hon Hai.

This company, Xia Yu, had known for a long time and was established in 1974. It is the parent company of the later generation renowned Foxconn. However, because of the complicated situation in Taiwan, Xia Yu did not find an opportunity to invest, nor did he contact Guo Boss.

But now it’s different, and it’s absolutely appropriate for Polaris Capital to go.

Even if the Taiwan authorities know about the relationship between Xia Yu and Polaris Capital, they dare not take any action. After all, Polaris Capital is also a large company in the United States.

If someone who doesn’t have eyesight finds trouble with Polaris Capital on the grounds of Xia Yu, and doesn’t need Xia Yu to come forward at all, Peter Lynch will naturally come to the Government of the United States to come forward and put pressure on, and the effect is absolutely the best.

Although it means to talk about the United States tiger skin, there is no way. Who makes Taiwan special? At this time, except for the United States tiger skin, which has a huge effect, other methods are not safe.

At that time, no matter how uncomfortable the Taiwan authorities or some insiders feel, they will have to pinch their noses and squeeze their smiles to serve Polaris Capital.

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