ALL NOVEL 479 Crown University
Chapter 479: Chapter 479
The acquisition of U.S. Manufacturers Bank cost US$2.7 billion, while Wang Guanxi's No. 1 Fund still has US$9.3 billion.
After the acquisition of U.S. Manufacturers Bank, Wang Guanxi's banking layout in the U.S. has basically come to an end temporarily.
Currently in central America, there are Fifth Third Bank and Huntington Bank.
In the western United States, there are East West Bank and Silicon Valley Bank.
In the state of Hawaii, there is the Bank of Hawaii.
In the eastern United States, there is the American Manufacturers Bank.
Wang Guanxi's banking system has almost radiated to every state in the United States.
And this trip to the United States is almost over.
There was one last thing to be done, Wang Guanxi was about to call Luo Baowen, just as Luo Baowen walked over and said, Boss, are we going to buy a private university now?
After returning to Ohio from California, Luo Baowen has been looking for private universities in Ohio.
When everyone was visiting Los Angeles last time, Wang Guanxi mentioned the establishment of a university, the establishment of various research institutes, and then research on human origin, human foundation, world history, extraterrestrial life, artificial intelligence, and biomedicine. field.
It would be very troublesome to directly establish a university. It would be better to just buy one. At present, she has already negotiated several universities.
Wang Guanxi asked: Secretary Luo, have you settled the deal?
Before, he asked Luo Baowen to look for a private university in Ohio, preferably closer to Columbus, because his Crown Ranch is not far from Columbus.
Luo Baowen nodded: Well, now I have found the University of Dayton, Denison University
Boss, the University of Dayton and Denison University are both prestigious universities in Ohio. Due to the current economic crisis, the university has a lot of debt.
We have already contacted their controllers. The University of Dayton ranks higher and the price is more expensive
University of Dayton, Denison University is a private university in metropolitan Ohio, and University of Dayton is located in Dayton next to Columbus, a certain distance from Columbus.
And Denison University is not far from the suburbs of Columbus, very close to Wang Guanxi's Crown Ranch.
Wang Guanxi said: Then buy Denison University!
Yes, BOSS. Luo Baowen hurriedly contacted the controller of Denison University, which is controlled by the Denison Family Fund.
Denison University is also a non-profit organization and basically does not make any money. The school relies on donations or student tuition to maintain operations.
Basically, American universities are non-profit organizations.
There are really not many people who make money. If they can make money, they still make very little money. If they continue to invest in the school, the controlling party cannot take away the school's profits.
Non-profit organizations like colleges are basically money-burning things. If there are no donations, many schools will lose money.
Denison University is located in the Grantsville area of Ohio, very close to Columbus, and it is one of the top liberal arts colleges in the United States.
It is equivalent to the Ohio Five Schools Alliance with Kenyon College and Oberlin College.
Founded in 1831, Denison University is the second oldest institution of higher learning in Ohio. It has been named Best Midwestern College by the Princeton Review and ranked among the Top 50 National Liberal Arts Colleges in 2008 by U.S. News and World Report.
The Denison University campus covers 1,100 acres, including a 400-acre biological reserve and a school-owned golf course.
There are 2,250 students enrolled, 43% male and 57% female.
They come from all 50 states and 37 other countries. The school has 226 full-time professors making the teacher-student ratio 10:1, and the average class size is 17 students.
The school colors are red and white.
Denison University is also a unique boarding campus, requiring all students to live on campus while providing a comfortable, high-tech community environment for all students.
This is definitely the cradle for cultivating talents that students dream of.
There have been some famous people here.
Stibitz, father of the digital computer
U.S. Attorney General Jim Petro
U.S. Ambassador to the United Nations, three-time Nobel Peace Prize nominee Tony. P.Hall
Lin scholar, Yao Chuanfa, founder of the Chinese Forestry Society
Richard Lugar, Chairman of the U.S. Senate Foreign Relations Committee
John Chain, chief of the U.S. Strategic Air Command
The purchase of the university and the repayment of the university's debts cost a total of $200 million, which is a huge expense.
There are more than 2,000 students, and the annual tuition fee is not much.
Basically, it is impossible to recover any cost. The school is still a non-profit organization. Even if the school makes money every year, it cannot be taken away.
It's really a money-losing business, but Wang Guanxi's acquisition of the school is of great use, not for making money.
The transaction was completed through the Crown Trust. Wang Guanxi directly transferred 2.5 billion U.S. dollars to the Crown Trust and paid 200 million U.S. dollars to the Denison Family Fund.
The Crown Trust donated $100 million to the university that day.
And announced that the university will expand and will buy thousands of acres of surrounding land.
Then announced the expansion of student enrollment around the world.
A few days later, Wang Guanxi announced that Denison University would be changed to 'Crown University'.
At the same time, Crown University announced the establishment of the Institute of Medicine, the Institute of Biological Genes, the Institute of Artificial Intelligence, the Institute of Extraterrestrial Life, the Institute of Human History... and many other institutes.
To set up so many research institutes requires a lot of money.
In the future, this money will slowly be collected through donations from the foundation.
Then Ford Motor Company, Macy's Department Store, Macy's Pizza Company, Huntington Bank, Fifth Third Bank, and Cardinal Health Group will cooperate with Crown University in the future to recruit students from this university.
Of course, they will also donate money, but if they donate, these companies will first donate to the Crown Charity Foundation, and then the Crown Charity Foundation will donate to Crown University.
In this case, companies can deduct tax for donations to the Crown Charity Foundation.
The Crown Charitable Foundation's donation to Crown University can also be tax-deducted and tax-free.
Just go through a process in the middle.
And Denison University in Ohio, which suddenly became Crown University, caused a huge reaction.
However, Ford Motor Company, Macy's, Huntington Bank, Fifth Third Bank, Macy's Pizza Company, and Cardinal Health Group have all announced cooperation with Crown University. In the future, companies will recruit students from Crown University.
You must know that there are three Fortune 500 companies!
Suddenly, many high school students want to apply for this university.
Crown University really has a reputation.
Then American Manufacturers Bank, East West Bank, Silicon Valley Bank, Facebook, Hawaiian Airlines, Bank of Hawaii, Uber, Twitter, Holden Housing Company...all endorsed for Crown University.
For a while, Crown University became popular in the United States, and many American high school students planned to apply for this university.