NationStates Jolt Archive


Introducing ROC National Holdings Corp...

_Taiwan
14-02-2004, 10:31
With the sheer amount of white-haired seniors in the meeting hall, President Chen could not help feeling young, even though he was fifty years old himself.

Taking care to look his best after the fruiting as he came in even more care not to offend anyone, he ran over his notes a final time as he prepared to stand up and give his speech. He was in front of a hostile crowd, one which would gladly tear him apart if it was made legal. With microphone in hand, and his assistant reasy with the powerpoint presentation, Chen stood up.

"Ahem."

The meeting hall grumbled.

"My name is Chen, you can call me Ah-Bian." he says nervously.
"I'm here to answer your questions about the reforms of the superannuation fund."

Silence. Much of the audience was beginning to fall asleep.

"What reforms?!?" A nagging voice at the back of the hall yelled.
"Ah. We are preparing to move the national superannuation fund out of low yield bonds into a state-owned holding company, which will own shares in major companies worldwide."

The audience stirred with dissent. This youngster President was gambling with their futures and their livelihoods...

------------------------------------

By the time the four-houring meeting, or grilling from Chen's perspective was over, the President emerged from the meeting covered with pies, fruit and mud. It was not something he looked forward to, but it was either that or the loss of superannuation programmes.
_Taiwan
14-02-2004, 10:52
A month later, a sleek prospectus clearly aimed at satisfying the huge amount of regulators is delivered to the Taipei Stock Exchange.

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ROC National Holdings Corp (Code = RCHC)

Formed in 2009 from the remants of the superannuation fund, the RCHC is a SOE Holding company, with assets measured in tens of billions.

Assets

Current Assets

*51% of Virgin Atlantic Airways (VAA)
*100% of EVA Airways (EVA)
*100% of CK-ROC Aerospace Systems (CK)
*40% of Air New Zealand (AIR)
*55% of ExxonMobil Taiwan (EMT)
*25% of Acer Computers (ACC)

--Value of share portfolio--

VAA - $11.2bn
EVA - $3.2bn
CK - $2.1bn
AIR - $720m
EMT - $5.2bn
ACC - $1.2bn

Total = $23.62bn

--Bonds--

150 US Treasury Bonds at $95.7million each until 2019 at 7.5% p.a

Total ($100m face value) = $15bn

Total assets = $38.62bn
_Taiwan
15-02-2004, 07:29
bump