Tang June becomes the focus again

Absrtact: Tang June again becomes the focus. January 28, he announced that he and Hong Kong and Macao Information executives a total of 15 people, completed MBO (Management buy-outs, that is, the management of the acquisition), jointly financed the purchase of Hong Kong and Macao information 62% Equity. Through the first large proportion of the domestic equity buyout,

Tang June became the focus again.

January 28, he announced that he and Hong Kong and Macao Information executives a total of 15 people, completed MBO (Management buy-outs, that is, "management Acquisition"), jointly financed the purchase of Hong Kong and Macao information 62% Equity. Through the first large proportion of the domestic equity buyout, Tang June became the actual helm of Hong Kong and Macao information, and his work in Xinhua also drew a full stop.

In recent years, ups and downs, has let the "working Emperor" on their own and Chinese enterprises have a new understanding, shake off the dust, tang June "ambition" still, he will enter some areas never involved, the Hong Kong and Macao information Plate quickly bigger.

Got the right to make decisions.

After leaving Xinhua, Tang June did not pause for a moment, because the Hong Kong and Macao information of the new business has moved up. In the "Huaxia Times" phone interview, Tang June said: "This spring festival may be in Japan, Hong Kong and Macao information has been issued to a Japanese listed companies, the next step is to visit the local." ”

Hong Kong and Macao Information was originally a member of Xinhua. According to the introduction, Hong Kong and Macao Information was established in 1994, engaged in financial information services. July 2008, Xinhua all spent 100 million yuan to acquire Hong Kong and Macao Information, holding 17.06 million shares of Hong Kong and Macao information, accounting for 51.7%. At first, Tang June only in charge of Hong Kong and Macao information, and not responsible for specific business, until the last year, he formally managed the Hong Kong and Macao information related business.

Just completed MBO, is by Tang June and Hong Kong and Macao Information 15 senior executives jointly funded 150 million yuan to buy. According to media reports, the current Hong Kong and Macao information Chen tree ownership ratio of 18%, Shanghai Austrian investment accounted for 6%-7%. A legal representative is a company executive. Tang June himself did not act as a legal representative. "The 62% per cent stake is shared by the management team, averaging 3% to 4% per person, which could be as low as 1% to 2% per cent in the future." Tang June said.

This mbo for Tang June's biggest significance is that he really has the right to operate and management rights, and such "power" in Xinhua are not available.

"The decision is made by a management committee, but I have a veto, which is more like the operating mechanism of a foreign board." I call it the collective leadership of Tang June's responsibility system. "Tang June said," some of the media before some misreading, in fact, I do not have a self-employed, I am still a migrant, is a professional manager, just in Hong Kong and Macao information, decision-making power has changed. ”

And the first domestic transaction, the reason for success, Tang June thought there are two prerequisites. "One is that management has enough money, our management is not a general management, it is not a problem to gather enough money in various ways." Second, the original boss of the way of thinking changes, this is a few years of continuous and Chen do the idea of communication to finally achieve, I am not indoctrination, is communication. ”

Tang June's "concept of Exchange" is about "possession" and "access" business dialectical relationship. "I say to Chen, not how much you have, how much you can get; Bill Gates only owns 6.1% of Microsoft's shares, but he is the world's richest man, the company to see how much space, rather than the proportion of the value of the return is the most important. ”

Tang June Frankly, for this transaction mode, transaction structure and other key issues, the two sides will also experience a game of the process, but MBO ended, there will be no restrictions on any provisions to achieve a both sides are satisfied with the result, is more win.

May start an acquisition

Where will tang June lead the information of Hong Kong and Macao? Is it possible for him to reinvent himself when he really makes a decision? People are guessing.

It is reported that Tang June to Hong Kong and Macao Information set this year's profit target is 30 million yuan. The growth rate is between 20% and 30%. He thinks the stock market is relatively good this year, 30 million yuan profit is a more assured target. Tang also plans to allow Hong Kong and Macao information to be listed in the next 3 years.

But the realization of these goals depends first on the success of Tang June's "transformation" of Hong Kong and Macao information. Tang June told the reporter, he believes that the financial IT industry to do the Hong Kong and Macao Information, its existing business model bottlenecks. Moreover, the size and influence of the Hong Kong and Macao information is somewhat small compared with the companies he has previously served. "Small is not a problem, when I entered the grand time, only 300 people of the scale, but there is a good business model." So, I want to create a new model for this enterprise. ”

In Tang June's new model, the most important is the diversification of the layout.

"In the next few years, we will plough the five sectors of the Internet, medicine, medical services, real estate and new energy, and step into it." Because this is I think the future can produce a high profit of several industries, some weak industries, there is a lot of room for expansion. I'm used to doing high profit companies. Tang June said that although he had never dabbled in some areas, he still couldn't resist the idea of trying. "At Microsoft I have accumulated a lot of High-tech enterprise operating experience, for a period of time is in charge of the Asia-Pacific service, there are some accumulation of services, coupled with the traditional industry in Xinhua, there is confidence." ”

At present, the diversified layout of Hong Kong and Macao information has begun to start. Tang June revealed that next in the country is likely to buy two internet companies, and some of the real estate industry are also talking about cooperation.

The gains and losses are the past

Perhaps the domestic professional managers "fate", every few years, Tang June will wave farewell to the old club, began a new journey.

Tang June told reporters to talk about the brilliant career, in the past few years in Xinhua is not as good as in Microsoft and grand, but Xinhua from an obscure enterprise development to today, so people pay attention to and respect, he felt very gratified, also very satisfied, "I tried, I accompanied the growth of it." ”

For the Xinhua Tang June for the Bureau, the industry has been a constant controversy, for example, Xinhua always act as the second role. Today, Xinhua are two of the Bauhinia mining shareholders, green beer three shareholders, Yunnan white powder theory of two shareholders. "Some people say that I have not honoured the listing commitments, but the strategic shift is right," said Tang. When the second is very good, the boss is often experts, they have the ability to resist the greater risk, we follow the boss can be. For example, follow Green beer to earn a few billion. ”

In fact, a few years in Xinhua, Tang June encountered many unexpected difficulties, he has established a personal brand for many years because of "education door" encountered an unprecedented credibility crisis. Of course, the biggest confusion comes from the collision between professional managers and private enterprise management mode. Tang said that executives born of foreign-owned enterprises in the private sector can survive almost no, such as he can do four or five years are rare.

In Tang June's view, professional managers in private enterprises will encounter three hurdle. One is decision-making power. When Tang June was president of Microsoft China, he was the boss of the money, power and business model, but it was not possible in private enterprises. The second is to escape the fate of the ridge. "In many private enterprises, you have a bit of a dispute with the boss, you are told that you do not have to come tomorrow; in a foreign company there is a system of evaluation that tells you that you can do it, and you will be aware of it a few months in advance. Third, the boss's commitment is often difficult to cash.

"Luckily, I bypassed the three, relying on experience, being human and being constantly tuned," he said. Tang June said so.

Now, everything seems to be the dust settles, Tang June said, feel himself back to the original point.