v3 Chapter 1173： Oil and mining company

Xia Yu is very satisfied with the results of the Galaxy Fund in this operation.

With this battle, his small vault, which was about to bottom out, was filled again.

Holding more than US$44 billion in circulating funds, and being able to withdraw at least US$10 billion of funds from the consortium at any time, this huge wealth cannot allow Xia Yu to do whatever he wants in the world, but it can also be done. A lot of things.

As for equity in oil fields, mines, and companies in the corresponding fields that are now worth $14.7 billion in 19 countries including Latin America, Xia Yu has learned in detail.

Among them, various mines and mining companies have more equity, and the Galaxy Fund spent nearly 7.8 billion US dollars to buy at the bottom.

The shares of oil fields and oil companies were purchased at a bargain-hunting cost of US$6.943 billion.

Of course, these two categories are bought at low prices. If they are placed before the outbreak of the sovereign debt crisis in Latin America and other countries, their value will at least double, which means that the combined value of these assets is more than 30 billion US dollars.

It’s just that there is no market for prices. The poor conditions in Latin America and other countries have also led to the poor operating conditions of companies in these countries.

Now that the international crude oil price has experienced the previous price of thirty-nine dollars a barrel, it has been declining. Now the life of oil companies is getting worse.

And according to the current global economic situation and historical trends, the international crude oil prices will continue to fall for the next three to four years, and even afterwards will plunge directly to a trough of about ten dollars a barrel before they begin to rebound.

But at that price, a lot of oil companies will be killed, and many oil companies around the world will be on the verge of bankruptcy or bankruptcy, leading to a series of mergers and acquisitions in the oil field around the world.

The mining sector is also terrible. In the context of the global economic slump, the industry is of course unable to stand up.

Iron ore is needed for steel, the biggest pillar of the industry.

Xia Yu is very clear that from the oil crisis in 1973 to the present, and even the next ten or two decades, the global steel industry will be difficult to engage in. The US steel industry lacks international competitiveness.

In 1979, U.S. Steel, a subsidiary of the Cleveland Consortium, lost more than $800 million, and its 13 steel plants closed down.

There have been steel companies going bankrupt over the years, and there will be a lot of steel companies going bankrupt and reorganizing in the future.

It was not until 2008, when China bought and bought the world, the iron ore industry took off, and the price of most other metal ore soared.

So for now, it is not the best time to enter the oil and mining fields.

Whether it was in 1985 or 1987, there were great opportunities, and now forcibly entering, it is laborious and expensive. This is not what the wise call it.

After all, he is not rich and has no place to spend, not to the point.

Therefore, Xia Yu only intends to get started temporarily.

So he set up two offshore holding companies, Pacific Oil Company and Bluestar Mining Company, and put the two types of assets under the names of these two companies, and these two companies are responsible for supervision.

The shares of these two holdings have been hidden in a very complicated way. Unless all three offshore paradise in the world disclose their secrets, no one can point out that these two companies have a relationship with Xia Yu.

In addition to Galaxy Fund, Xia Yu also learned about companies such as Bright Fund, Polaris Capital, Jiuding Bank and Jiuding Securities.

These companies all received Xia Yu's reminder, so they all acted before the Latin American sovereign debt crisis broke out, and this time they also made a lot of money.

The combined benefit of the four companies reached US$9.7 billion.

It's just that Xia Yu didn't transfer the money. As the assets of these four companies, Peter Lynch and George Berkeley used them to grow their respective companies.

After all, whether it is Bright Fund or Polaris Capital, in Xia Yu's mind, it is equivalent to a consortium entering Europe and the United States, and the demand for funds is not too much.

Jiuding Bank and Jiuding Securities, as the two giants in the financial industry, want to break hands with the world's giants, the demand for funds is also extremely amazing.

In the following time, Xia Yu plunged into the annual reports of various companies. He was in meetings and read documents almost every day. When he had time, he visited some companies on site to understand the most real situation.

Of course, except for some minor problems, he has not found any major corporate corruption problems.

This is also related to the approval mechanism and management mechanism that he determined for the use of funds.

Large amounts of funds must be reported to him, and the chairman’s office is responsible for reviewing them before giving it to him. There are double restrictions.

The most important thing is the management mechanism.

This has to mention the Standard Accounting Firm in his hands, the largest accounting firm in Asia.

The financial department of each company is set up by a standard accounting firm, and in order to prevent the firm’s accountants from messing around with the company’s personnel, the financial assignment period is also half a year and then randomly assigned.

In detail, the financial department of each company is not tied to the performance of each company. Salaries and bonuses are paid by a standard accounting firm. They have no interest in themselves and can be ignored.

The accountants will break up and regroup every six months, and randomly select the companies they want to go to. This avoids the risk of collusion and corruption caused by an accountant staying in a certain company for a long time.

In addition, the group level will also specially appoint special personnel to form an audit investigation team. The audit investigation team will audit the financial affairs of each company throughout the year.

If a company’s financial problems are not found by the assigned financial staff, once the problems are discovered by the audit investigation team, they will be dealt with according to the situation.

If it occurs during the period of assignment of the financial department, then the financial department will be processed, and the report will be reported to the top, and then the top will report back to the company for disposal.

If it is a problem during the term of the predecessor’s or former predecessor’s assignment to the financial department, it was not discovered until the subsequent audit, then the assigned financial department of the period when the problem occurred was the main responsibility, and the subsequent financial department was responsible for each period ~ www. novelhall.com~ As for the salary and bonus of the audit investigation team, they are linked to the problems they find. The more and more serious problems they find, the more generous the bonus.

Therefore, every time the audit investigation team can't wait to turn the bottom up and find out all the problems.

These rewards and punishment measures and management regulations are like high-tension wires, woven into a network, which has greatly suppressed the problem of corruption before it buds out and guaranteed Xia Yu's interests to the greatest extent.

This set of mechanisms was formulated by Xia Yu in combination with the political mechanism of the previous life of China.

I have to say, very effective.

Except for the detection of many problems when this mechanism first started, as time passed, fewer and fewer problems were detected.

It is not that the regulatory mechanism is invalid, but that fewer and fewer people dare to take risks.

When Xia Yu combed his assets.

Chen Caijun has taken the Tiangong Automobile Group team and the exhibited cars to Geneva, Switzerland.

At this time, other large and small car companies around the world also came here with masterpieces that will be mass-produced this year or the next few years.

came here with media from all over the world.

The Geneva International Motor Show, Switzerland, will open soon!

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