TVS liệu có phải là một Goldman Sachs Gao Hua thứ hai

Goldman Sachs - Ngân hàng đầu tư của Mỹ lớn thứ 3 ở Mỹ đã mua 33% cổ phần của Gao Hua với giá 4.5 so với mệnh giá (=190/(129*0.33)).

Hiện TVS vốn 43 tỷ đợt tăng vốn vừa rồi sẽ nâng lên gần 100 tỷ (đoán thôi =43*(7+9)/7). Chắc là muốn bán cho GS cũng phải tăng vốn lên tới hạn 300 tỷ mới nhả cho Tây các bác nhỉ. Giả sử GS mua với giá 5 chấm (phải mua đắt hơn vì theo Luật được mua tới 49% lận), thì tính theo kiểu nông dân thì giá cũng phải gần 15 chấm các bác nhảy (5* 300/100).

Vừa mua được thêm giá trên gần 5. Em có "nổ" to quá các bác đừng chởi nghe

Goldman to establish Investment Bank in China
Third-largest US security firm receives approval to establish Chinese operation, to underwrite domestic share sales
The third-largest US securities firm, Goldman Sachs Group, said it had received approval from the China Securities Reulatory Commission to establish a anvestment bank, in cooperation with Chinese partners.

Goldman will own 33 percent of the company, while Beijing Gao Hao Securities, a partnership of banker Fang Fenglei and Legend Holdings, will own 67 percent.

The company will be called Goldman Sachs Gao Hua Securities, and expects to focus on underwriting domestic shares, yuan-denominated corporate bonds and convertible bonds as well as offering financial advisory services, the press release said.

The new investment entity will help Goldman compete with China International Capital, the nation?Ts largest investment bank, which is one-third owned by Morgan Stanley.

Fang started China International in 1995. He later joined BOC International Holdings, the investment bank of China?Ts largest foreign exchange lender as chief executive before he assumed the same position at ICEA Financial Holdings, the investment bank of China?Ts biggest lender by assets.

Gao Hua has registered capital of 1.07 billion yuan, or $129 million, according to the securities commission. Legend, the parent of China?Ts largest personal computer maker, Lenovo Group, and three companies owned by Fang and his associates, are the four shareholders of Gao Hua.

Goldman is expected to invest about $190 million in the brokerage firm and acquire 33 percent stake in the investment bank.

The Goldman Sachs Group is a global investment banking and securities firm providing a range of services on a worldwide basis, including investment banking, trading and principal investments, and asset management and securities services. For the 9 months ended Aug. 27, total revenues rose 26 percent to $22.38 billion. Net income rose 65% to $3.36 billion. Results reflect higher Fixed Income Clearing Corp. notes and equities revenues due to a favorable environment and improved operating margins.]

Tặng các bác một bài về GS.

http://www.aweto.com/Download/Media_Report/Wall_Street_s_war_for_China.pdf

Các bác chú ý đoạn này ở trang 3 nhé.

What''s remarkable about this meeting is that it''s happening in Beijing. Goldman, which got a foothold in China in the early 1990s, is
the only foreign securities firm with a trading platform on the mainland. But securing it has required some clever footwork. As a
show of good faith to China''s regulators, Goldman agreed to pay $68 million to bail out clients of Hainan Securities, a scandalplagued
brokerage it had no connection to that collapsed in 2001. Next it advanced Fang and five co-investors $100 million to
launch Gaohua Securities, a new brokerage.
The final step was the creation of Goldman Sachs Gaohua, a joint venture in which Gaohua holds 67% and Goldman owns 33%,
the maximum allowed. Goldman won''t discuss the terms of its loan to the Fang group, other than to say it gives Fang, who serves
as chairman of both Gaohua and the joint venture, ample incentive to remain a part of the Goldman team. The aim of all this was to
create a legal framework granting Goldman effective control over a mainland investment bank, even if, on paper, it''s owned by
someone else.

Một số ý chính là:
GS là công ty chứng khoán nước thiết lập được cty môi giới ở Trung quốc.
GS chơi trội bằng các cho không 68 triệu đô Mỹ để trả nợ hộ cho các khách hàng của cty chứng khoán bị khánh tận là Hainan Securities mà GS chẳng có dây mơ rễ má gì. Mục đích là để ghi điểm trước cơ quan quản lý của TQ.
"Cho" Mr Fang và 5 đồng nghiệp để gây dựng công ty Gao Hua nhằm nắm quyền kiểm soát liên doanh này.

Chúc các bác nào có TVS cuối tuần ngủ ngon.