Money is not the problem of the Peace trust, or because the problem of money gives up Autohome

Yesterday's widely circulated "Autohome home road obstruction and long, ping An trust suspected monopoly transactions or by the Ministry of Commerce review" article to let the industry notice that the Ping an trust to buy Autohome equity may still exist in the capital problem variables, especially in the Autohome management has clearly expressed the opposition of the background, It will be difficult for Ping An trust to realize capital change.

The capital factor of Ping An trust acquisition Autohome control right is enlarged

According to the latest financial results of the Ping An trust, its operating income of 6.287 billion yuan in 2015 years, an increase of 48.35%; Net profit achieved 3.109 billion yuan, an increase of 41.96%; Trust plan asset management size 558.435 billion yuan, an increase of 39.66% Investment income of 2.092 billion yuan, an increase of 54.16% yoy. The fund-raising capacity of such a strong financial security trust, the acquisition of Autohome 47.7% from the Australian power of the $1.6 billion required for the capital is not a big problem, the question now is based on existing policies, the deal can not be successfully reached, after the successful privatization and return to a-share.

The problems of capital markets are simple and easy to say, complex and difficult. When all goes well, many problems seem to be just the result of natural results, and when the resistance appears to lead to the failure of capital behavior to operate smoothly, various legal provisions, regulatory policies, responsibilities and other factors can become a stumbling block of investment behavior. In the Peace Trust acquisition of Autohome control this matter, at first, we all think that as long as the Australian power resolutely implement the original agreement, Autohome control can be changed hands smoothly, and when the Autohome management always take the opposite stance, those originally neglected capital industry small problems gradually let the money of Peace Trust into the "money" The problem.

According to the "Autohome home road obstruction and long" article, the dismantling of vie, backdoor listing, anti-monopoly law, capital exit, etc. have become a safe trust acquisition Autohome 47.7% hidden trouble. And these problems were not in the previous company's investment mergers and acquisitions, privatization, backdoor listing and so on in the process has not occurred, why the Ping an trust to buy Autohome shares when it became a big obstacle to the problem? The reason is simple: there is a great possibility of mutual cooperation between Ping An trust and Autohome management. From the internal letter issued by the Qin Dynasty, the Autohome management has reached agreement, and the company's internal staff support, in this case, even if the Peace Trust will become Autohome's large shareholder, it is not possible to remove the integration Autohome management. If even the Autohome board of directors have a large divergence of views, whether in the short-term privatization or the future backdoor listing will not be carried out smoothly.

What is the intention of the Ping an trust to buy the Autohome control right?

Now outside the pressure of public opinion gradually led to ping an trust, but so far, ping An trust has not formally responded to the acquisition of Autohome 47.7% Long-term plan. In addition, the internal letter from the Qin can be found that the Peace Trust has not even been in deep communication with the Autohome management, so it led to Autohome management of the fierce rebound. In the external view, the Ping An trust from the Australian power to buy the car between the management power for its own in the automotive industry chain of used cars, insurance, car loans and other business development to provide assistance, and in the eyes of Autohome management, the investment behavior of Ping ' an trust there is the possibility of short-term, which is bad for autohome long-term development Therefore, it is necessary to take countermeasures.

Lembedong, general manager of Ping An trust, said that the 2015 Peace Trust, guided by the light asset model, is striving to transform from a provider of funds to an asset manager. What is the purpose of the Ping An trust to buy the Autohome control right? Is it from the perspective of financial investment, or do you want to participate in the operation management of Autohome specifically? In fact, in the context of the growing antagonism between the two sides and the inability to reach a strategic consensus, the Autohome management is unacceptable, regardless of whether the Peace trust is the former or the latter. Because whether the ping an trust is to be from the perspective of investment in the short-term benefit maximization, or from the point of view of business management to serve the Ping An group of other business will conflict with the Autohome management.

With the case of the Shanghai family, Autohome Management had to think of another question, if the peace trust is willing to reconcile in a friendly manner, should the Autohome management accept the goodwill of each other? To know that the original home in the introduction of the Peace Trust in the honeymoon period also had a good hope for the future, but eventually due to the development of disagreement to clean the original general manager of the home. Autohome now must be worried, if reconciled with the Peace Trust, wait until the other party in Autohome internal firm, will not repeat the scene of the home?

Helpless under the Peace Trust can also be changed hands Autohome control right

If the two sides continue to deteriorate, the Peace Trust and the Australian electricity can successfully complete the equity delivery has become a problem. In accordance with the previous attitude of the Australian electricity, is already iron heart from the Peace Trust here to set out, and ping An trust also need to fulfill the agreement, but now Autohome management of the opposite sentiment will let peace trust in the hands of the equity into a hot potato, if the end of the two sides can not reach an agreement, For the Ping An trust to re-sell Autohome equity or the best way, and Autohome management has formed a privatization consortium, this is the Peace Trust to sell the best export of equity.

In fact, Ping An trusts has experience in the re-sale of investment acquisitions by Internet e-commerce companies. In 10, Ping an took 80 million yuan to buy 1th stores 80% of the shares, at that time for the safety of Medical network, the development of safe Medicine network to do ancillary support, so see is not with today buy Autohome control of the purpose and way a bit like it? However, the difference is that 1th shop does not repel the peace, but after the acquisition of shop 1th also failed to let the safe Medical Network, drug network success, and finally peace with the 1th store resale to Wal-Mart make a fortune.

By the way, there are online friends to share a more interesting link, "there is a fact that cannot be ignored, November 2011, when the deputy general manager of the Ping An Trust direct investment department of Chen Gang with 1th stores nationwide sales network as a negotiating condition, promised 1th stores will provide the national distribution channels for Shanghai home, Finally help the success of peace in Shanghai home. "--from Baidu know, by the economic and financial classification of the talent Gree answer.

Did not think of the original safe settled home and such an interesting thing, if according to this speculation, will be safe with Autohome Network marketing and sales platform of the ability to enter a car manufacturer's things? It is not difficult to buy a car maker with the financial strength of peace. However, this must first resolve the contradiction with the Autohome. If, peace and autohome into the non-solution of the opposite relationship, Ping ' an Autohome shares is not impossible, as long as the price is reasonable, this time all investment behavior, can let ping an trust again small make a sum.

Wen/technology does not spit fast public number: Tucaokeji

Money is not the problem of the Peace trust, or because the problem of money gives up Autohome