ICBC has cooperated with Standard Bank of South Africa for more than ten years. In recent years, ICBC has conducted equity transactions with Standard Bank for many times. As early as 2008, ICBC took a stake in Standard Bank and acquired 20% of its shares, becoming its largest shareholder. 20 12 ICBC acquires standard bank of Argentina. On 20 15, ICBC acquired 60% of the shares of Standard Bank of South Africa Public Limited again. It is precisely because of this acquisition that many people simply understand that ICBC is the absolute controlling shareholder of Standard Bank of South Africa, but it is not.
Standard Bank of South Africa is a large group with many subsidiaries. Among them, Standard Bank of South Africa Public Limited acquired by ICBC is only a subsidiary of South Africa standard bank group ltd Limited. Standard Bank Public is a banking institution wholly owned by Standard Bank through its subsidiary, Standard Bank London Holdings Limited, with its headquarters in London. Therefore, 60% of the shares acquired by ICBC are only subsidiaries of standard bank group ltd Limited, not the headquarters of standard bank group ltd Limited. Up to now, although ICBC is still the largest shareholder of Standard Bank of South Africa, its shareholding ratio is only 20%.
Many people say that Standard Bank of South Africa is the controlling shareholder of South African newspaper group. I don't know what this basis is. First of all, we don't deny that Standard Bank of South Africa did invest in South African newspaper groups before, but this is more of a financial investment. South African Newspaper Group is not affiliated with South African Standard Bank. Moreover, as a listed company, South African Newspaper Group has a clear equity relationship. Among the top ten shareholders, the largest shareholder is the South African Social Security Fund, with a shareholding ratio of 14.2%, and none of the other nine shareholders holds more than 5%. After reading this equity relationship, it is clear that Standard Bank of South Africa is not the major shareholder of South African newspaper group. Even though they may hold part of the shares, the shares cannot exceed 5%. At best, he is only a minority shareholder.
The return rate of South African newspaper group's investment in Tencent is very high, reaching thousands of times, which can be said to be one of the most successful investment cases in the history of South African newspaper group, and the reason why South African newspaper group can achieve this result can be said to be omissions. When Tencent was first established, it happened to encounter the Internet bubble. Many people are not optimistic about the development prospects of the Internet, so it is difficult for Internet companies to obtain financing. At that time, Tencent's horse considered selling QQ to some large enterprises at a price of 500,000 yuan, but it was rejected by the other party. Finally, Tencent found Li Zekai of PCCW through various relationships. Li Zekai and IDG invested in Tencent, each of which contributed US$ 2.2 million, accounting for 20% of the shares. However, after the money was invested, Tencent did not make a good profit. Even at 200 1, there is basically no money in Tencent's account. At this time, Li Zekai saw something bad and sold a 20% stake in Tencent.
At this moment, a man named David Wallerstein appeared. He used to be vice president of business development of MIH in China, where he was mainly responsible for Internet strategy and mergers and acquisitions in China. At that time, he saw many young people using QQ in Internet cafes. He thought it was quite new, and it was likely to become an important carrier to change the way Chinese people communicate. So he found Tencent and just saw that Li Zekai wanted to sell his shares, so he gladly gave it to the next one.
And at that time, David Wallerstein gave Tencent a very high valuation, reaching more than $60 million. As a result, Li Zekai sold 20% of the shares and earned12.6 million US dollars, which is many times better than 10. Seeing that Tencent's valuation was so high at that time, another shareholder IDG couldn't sit still. They sold 12.8% of the shares and only kept 7.2%. Finally, MIH owns 32.8% of Tencent. In June 2002, other major founders of Tencent Holdings transferred their 65,438+03.5% shares to MIH. At this time, Tencent's shareholding structure was changed to 46.3% for the founding team, 46.5% for MIH and 7.2% for IDG 7.2%
Later, Tencent bought back all the shares from IDG and a few shares from MIH. After that, Tencent's equity became 50% of the founder team and 50% of MIH. Until Tencent went public in June 2004, Tencent's equity changed again. After listing, it holds 37.5% of the shares, and Ma, the founder of Tencent, holds the second share, with a shareholding ratio of only 14.43%. Therefore, MIH has been the largest shareholder of Tencent since its listing, and they have rarely reduced their holdings in the past decade. Although they began to cash out in recent years, their shares in Tencent still reach about 30%.
By analyzing the equity relationship of these companies, we can see that South African Newspaper Group directly holds about 30% of Tencent's shares through its subsidiary MIH. The South African Social Security Fund holds 4.2% of the shares of the South African Press Group/KLOC-0, so the South African Social Security Fund indirectly holds about 4.2% of the shares of Tencent. As for whether Standard Bank of South Africa currently owns the shares of South Africa Press Group, we have no way to verify it, but apart from South Africa Social Security Fund, the second largest shareholder of South Africa Press Group holds no more than 5%, that is to say, even if Standard Bank holds the shares of South Africa Press Group, he indirectly holds the shares of Tencent through South Africa Press Group, which will not exceed 1.5%. Moreover, with so many enterprises separated, Standard Bank of South Africa actually has limited influence on Tencent. Even if it holds shares, it is only ordinary stock investment at most, which has nothing to do with Tencent. Those so-called industrial and commercial banks are the controlling shareholders of Tencent, which is sheer nonsense.