So, my plan is as follows—
A fund subsidiary of Zhongmei will initiate a single-investor trust scheme. We'll find any trust company, package Jinguang's project into it, and negotiate the channel fee down to 0.2%.
We bypass the securities firms, saving on underwriting costs.
Then, I'll bring in the newly-established Magic Capital Reinsurance Company to provide credit enhancement for the project, and I'm confident I can control the guarantee fee at around 4%.
Afterwards, I will finalize things with SAIC, getting their Securities Finance department to forgo purchasing government bonds and instead fully absorb the trust at an annual interest rate of 5%.
The project's custodian will be Magic Capital Bank, with a management fee of 1.3%.
The legal side will go to Fangda, for a fee of 5 million.
Any of the Big Four accounting firms will do, also for a fee of 5 million.
We'll still use Magic Capital Lixin as the appraisal agency, for a fee of 27.5 million.
