Chapter 406 How to spend 600 million US dollars
The contract terms that seemed very favorable to Xie Jun were actually normal to Gu Junhao.
Some things are not just about seeing the present, 600 million US dollars is indeed a lot, and the subscription fee of 6 million US dollars is also very attractive!
The management fee rate and even the excess profit sharing clause can indeed refer to Junshi No. 2, or it can be slightly increased.
However, some money does not need to be earned back immediately, just like long-term investment.
During the past six years, my rebirth experience, which was similar to a plug-in, was still useful. During these six years, there were plenty of opportunities in both US and Hong Kong stocks.
It may not take long, but by this time next year or the year after, when we see a significant increase in returns, we will definitely make additional investments again.
Xie Jun also said that the 600 million US dollars is only the first batch of funds.
As for the preferential management fee, to be honest, this is only relative to the management fee rate of domestic funds. Looking at the world, it is not particularly strange.
What's more, Xie Jun asked Gu Junhao to manage the funds in the name of improving the quality of life of the people in Beicang, so it would not be appropriate to charge too high a fee.
For some money, you have to have the opportunity to spend it after you earn it.
What's more, judging from Xie Jun's attitude, he was quite satisfied with the terms of this contract. From this point of view, Gu Junhao already felt that it was worth it.
Gu Junhao doesn't know where to start with the new listings in the primary market. In addition, he also has matters to deal with regarding the private placements of some companies around Ningbo.
…
On Thursday, July 21, Vanke closed with a false positive line, with the share price at 17.02 yuan. The trading volume hit a recent low, with daily trading volume of only 2.49 billion yuan.
For two consecutive trading days , Vanke has risen rapidly in a short period of time, breaking out of the trend of false positive lines on the daily chart. From a technical point of view, it has shown a trend of bottoming out.
Gu Junhao was not quite sure when Daizi got involved in the Vanke equity dispute, but it was definitely this year.
Judging from the unusual movements in the past two days, it is very likely that the now-popular Belt is secretly building a position in Vanke.
However, Gu Junhao still decided to observe for a few more days as Vanke will enter the dividend ex-rights period on the 29th of this month.
At present, Gu Junhao is not sure how long he will hold Vanke, which Junshi Value Investment is planning to build a position in, so he does not want to covet these dividends. If he buys it and the price goes up quickly, he will suffer a loss from the 20% dividend tax.
After all, for Junshi Value Investment, it only wants to take advantage of the profit period when the stock price rises after Vanke Belt intervenes, and has no long-term holding plan.
On Friday, July 22, Vanke closed at 17.39 yuan, with its share price up 2.17% and trading volume also increasing to 4.07 billion yuan.
At the same time, after 13 trading days, Vanke finally stood on the 5-day line position again, and the weekly decline has narrowed to 2.79%, stabilizing at the 10-day line position.
After the market closed, Gu Junhao said to Liu Tingting, "Start buying Vanke on the ex-rights day on the 29th. If you want to buy Vanke, buy it in full. I won't be here next week."
Since you have to eat, then eat your fill. The liquor sector's performance in the second half of this month has not been very good. If nothing unexpected happens, there will be adjustments next month.
After all, the price has been rising for half a year and the heat has gradually increased. With the disclosure of Junshi Investment's second quarter holdings on July 15, ordinary investors' discussion on liquor is also at a relatively high level.
However, after Junshi No. 2's second-quarter holdings were made public, the Shanghai Gang was the most angry.
Junshi Price Investment sold out almost all of its newly listed stocks in the second quarter, but only left Huangshanghuang. Therefore, it goes without saying that the institution that dumped 7,000 shares on July 5 was responsible. It must be this guy!
The market crash on July 5th caused the group of hot money led by the Shanghai Gang to have to push up the market again on the 6th with a smaller volume in the hope of selling at a better price.
But the most unfortunate thing is that not many goods were sold, and the Emperor's stock, which had hit four daily limit increases in five days, was suspended by the Shenzhen Stock Exchange!
This suspension dealt a heavy blow to Huangshanghuang’s popularity, causing the stock price to fall below the lower limit soon after it resumed trading on the 13th!
In addition to greatly reducing the profits of the hot money group, the limit price also quickly dissipated the popularity of the emperor.
In the following trading days, Huangshanghuang's stock price continued to fall. When Junshi Investment announced its second-quarter holdings, the stock price, which had already fallen for three consecutive days, had fallen to 61.46 yuan.
They cut themselves off when doing private equity, and they cut themselves off again when doing public equity. The Shanghai Gang felt deeply humiliated after being cut off twice.
Making less money is a small matter, but being laughed at by other speculators and even the leeks is really embarrassing.
…
The Great Heat has passed, and Ningbo in July is already very hot. Recently, even on weekends, Zhang Yiru doesn't like to move and prefers to stay at home and lie down.
Gu Junhao has a bit of a stay-at-home personality, so it is naturally best for him to stay at home; what's more, in such hot weather, going out to buy a cup of coffee would be disrespectful to himself.
The two of them lay lazily on the sofa, watching TV, but Gu Junhao was already daydreaming at this time.
A few minutes later, Zhang Yiru also noticed Gu Junhao's state: "Husband, what are you thinking about?"
Gu Junhao, whose train of thought was interrupted, came back to his senses, looked at Zhang Yiru and said with a smile, "I'm not thinking about anything. I'm thinking about how to spend 600 million US dollars."
"How much? 600 million? And in US dollars?" Zhang Yiru was surprised, and then added: "Where did you get so many US dollars?"
If it was RMB, Zhang Yiru would not be so surprised, but this was US dollars, and she knew the procedures of Junshi Capital's currency exchange in previous times.
This time, I didn't hear my husband mention the currency exchange.
"Well, a trust subsidiary of the municipal investment company entrusted us with the management, and the funds arrived today." Gu Junhao nodded.
“All in US dollars?”
"Well, it's all US dollars. They want me to manage this asset in a stock market other than A-shares."
"That's a lot of money. It scared me. I was worried that you got the $600 million from illegal sources."
"How could that be? Every investment we accept will be evaluated, not to mention US dollars."
"That's good. I don't care how you run the company, but you must protect yourself. We can make less money, as long as we are safe and sound."
"Of course. Don't worry, the funds are definitely safe."
"Have you figured out how to spend it?"
"I just had some ideas and I have a few good stocks. It should be no problem to spend this money."
"Then do you want to study it?"
"No need, let's talk about it when we get to the company on Monday. There's no rush. Let's watch TV."
During the time he was daydreaming, Gu Junhao had actually already thought about how to allocate the 600 million US dollars. It would naturally not be possible to invest all of it in US stocks.
Although the relationship between the two parties is still good at present, the atmosphere is tense and will last less than three years. If we make too much money and the other party pulls the plug on the Internet, we will have no place to cry.
Therefore, it is still necessary to invest part of the funds in a relatively safe place, that is, Hong Kong stocks.
Among Hong Kong stocks, in addition to the must-buy stock Mahuajia, there is another stock that Gu Junhao likes, and this listed company happens to be in Ningbo.
