Chapter 410 8 billion plus 15 billion
Two days later, Wednesday, October 14th.
Xie Jingxing walked into the LeTV headquarters building, the chairman's office on the west side of the 14th floor. The date and location sounded like death and then return to the west at first glance, which was somewhat unlucky.
"When the busy period is over, the office will be moved to the east and the director's office and general office will be gathered together."
He walked through the corridor and looked at a row of administrative department offices: "Find a designer The company plans to renovate it. I think this floor is the brains of the company and is very important.”
Liu Hong, Zhao Kai, and many LeTV executives were silent and speechless. The declaration from the winner took action on the administrative department.
“Don’t go, come here.”
An office door opened, and a young female employee holding a mug in her hand poked her head around. When she saw many big company leaders in the corridor, she suddenly turned into a quail and wanted to retreat. office.
Xie Jingxing waved to her: "Want to go to the tea room?"
"Uh, yes, I'm going to the tea room."
The female employee nodded her head repeatedly, and her beautiful high ponytail tied behind her head swayed slightly, revealing a few strands of hair with blue highlights.
She wears flat-soled square-toe loafers, a long pleated skirt paired with a sleeveless shirt, a casual suit draped over her shoulders, her work badge hung on her chest, and her makeup is fashionable and cool.
Xie Jingxing asked with great interest: "Have you just joined the company?"
"I joined the company through the summer internship interview in the summer and graduated from graduate school at the end of the year." The female employee looked at several people with erratic eyes. The expressionless leader.
“The internship period is half a year, and the consumption in Beijing is very high. Is your salary enough for living expenses?”
"Fortunately, the value I can create for the company is limited at present, and I mainly focus on learning."
The female employee answered fluently. It is obvious that her family education background is good, and she has seen the world without stage fright.
Su He, Tang Man and other members of Taihe Grapefruit’s acquirer team looked on coldly, all with different thoughts.
"Have you had breakfast? Don't just drink iced coffee. Stomach pain is not considered a work-related injury."
Xie Jingxing ended the conversation with a light joke and walked towards the chairman's office, staying behind the crowd. The station's HR director slowed down slightly.
The female employee turned back three times every step of the way until she passed the corner of the corridor and held her chest and breathed a sigh of relief. She was handsome and easy to talk to. In the future, she would become a full-time employee and apply for a transfer to the chairman's office!
"Who is your teacher? You two are going to resign immediately, pack your things and leave."
The HR director suddenly appeared silently like a ghost, staring at her with a pale face. Holding the mug in his hand, he gritted his teeth and suppressed his desire to kill his child: "I just arrived at the company in the morning and I was running around everywhere. You came to visit the scenic spots on vacation. Do you know how many colleagues you have affected?"
"Mr. Bi, I'm sorry, I was wrong, but Mr. Xie just..."
The female employee clenched the mug in her hand, and more than half of the cold ice coffee in the cup rippled. She wanted to say that Mr. Xie had given it to her. The steps went down.
"Don't say anything. I can let you go through your internship evaluation as usual. That's it."
The HR Director laughed angrily and felt helpless. What kind of status does Xie Jingxing deserve to argue with you in person? He is all raised by the school. Cheng is smart and has little social experience.
The internship period lasts for half a year. Either the school is too weak and there is no need to go back to class to prepare for graduation, or LeTV’s management and assessment standards for interns are in name only.
It is more likely that it is a combination of both, which is why even this kind of lazy person can catch up with parallel imports and sneak into the company through interviews.
Xie Jingxing only calculated the entire administrative department. Originally, 10%-20% of the layoffs were to eliminate the management and promote their own people. Now with a few words from this little girl, the 30% layoff target can be expected!
…………
“Let’s get here today, let’s all disperse.”
Xie Jingxing pushed the door open and walked into the chairman’s office. The senior executives stretched their necks and looked around calmly. Sitting in front of the tea table, Jia Yueting lowered his head to sip tea and let him give orders.
Seeing this, everyone was helpless, ignoring each other's unspeakable embarrassment, and dispersed in resentment.
“After a tour, the company has a lot of problems. You have expanded too fast this year. I heard that the total number of employees exceeds 10,000 and you have to lay off employees.”
After closing the office door, Xie Jingxing sat down opposite Jia Yueting. He thought of something and added: "Change an office for the financial audit." It’s so hot that it will ferment into a biochemical bomb.”
He couldn’t help but frown. This kind of environment affects work efficiency. At least there must be space for coffee energy drinks.
Jia Yueting stopped making tea, raised his haggard dark eyes, and said in a hoarse voice: "You are too anxious."
"If you really want to disembowel yourself and kill yourself to thank the world, I would be very happy to do so. You are the wrong person." Xie Jingxing responded seriously.
The day before yesterday, Jia Yueting called Su He to admit defeat. Yesterday, leaders from the capital area took the lead in organizing a meeting for both parties.
Xie Jingxing made a bid: the listed company LeTV, as well as the three assets of the unlisted system LeTV Zhixin + LeTV Pictures + LeTV Cloud, will be packaged to acquire the entire pan-entertainment business ecological layout.
Financial fraud cases are settled at the commercial level and no longer pursued. Administrative penalties and criminal penalties are inevitable, but the entire trial process will last two to three years.
During this period, Jia Yueting can go to the United States to build cars smoothly. As long as he never returns to China in this life, he will be fine. Strictly speaking, he will be fine until the end of the criminal prosecution period.
In short, he shouldered all the problems and walked away to avoid twelve years in prison. LeTV’s shadow shareholders eliminated bad debts and black materials, and Xie Jingxing harvested LeTV’s core high-quality assets.
Killing three birds with one stone is safe, and the shadow shareholders are very much in favor of this.
It’s important for everyone to go out and make money. In any case, there is no need to suffer the hardships of small and medium investors and call Lao Jiadan a bad name.
Jia Yueting, who had a gun pressed to his temple, had no choice, so after meeting yesterday, Xie Jingxing came to LeTV as the owner today.
"The flowers will bloom again and no one will be young again. The regulatory investigation process is irreversible. I cannot guarantee you that our transaction will go smoothly."
He played with the tea cup and said quietly: "So You don’t have time to be pretentious and try to bargain with me.”
"The most important thing is, I really don't believe you would rather go to court than sell the company to me."
Xie Jingxing dropped the cup, stood up and took out a bottle of wine from the refrigerator standing in the corner.
Put two paper cups together, first pour a small half cup of wine into your mouth, and then pour a large half cup and sip it. You are familiar with the office and treat it as your own.
"Bang."
The entire tea table overturned, cups shattered and tea splashed everywhere. Jia Yueting's chest heaved and he stared at him: "You are a wicked person."
< br>
"Are you a good person?" Xie Jingxing just smiled.
Zhang Xuhao is unruly, Wang Xing has been tempered for a long time, and losers have obsessions.
The day before yesterday, Jia Yueting called Su He and said that the reason why he could not sink his teeth was that he still had to build cars and mobile phones. This was not an unbearable begging for mercy, but an obsession from the bottom of his heart - the bigger the better, the better. good.
It doesn’t matter the business model’s profit or loss, long-term strategic development, the company’s large scale is the most important.
Foreign Internet video platforms are hot, LeTV; the rise of Alibaba e-commerce, LeTV.com; Xiaomi, the new force of domestic mobile phone manufacturers, LeTV mobile phones.
LeTV Sports, Internet Finance, and car manufacturing came from this. Let’s take a detailed look at his entrepreneurial journey in the past twenty years, and it has been like this since the beginning of his career.
Jia Yueting firmly believes that he should do this. The fortune teller in his hometown said that he should be a big boss in this life!
“Stop acting steadfast and unyielding, take the money and go to the United States.”
Xie Jingxing quickly drank the wine in the glass, then directly filled the glass, spread his hands and signaled: "In Before I get drunk, let’s talk about how much I’m willing to give you.”
“Come on, let’s do it now”
He raised his wine glass and saluted from a distance, and the office fell into silence.
Jia Yueting paced back and forth restlessly. Seeing Xie Jingxing drink most of the glass of wine, he said in a deep voice: "I want to retain 5% of LeTV's equity."
"Don't even think about it, you The 36.91% held, plus the shares held by your sister and brother, total 40.27% of the shares.” "
"No, compared to LeTV's suspended stock price, the valuation has been cut in half to only 20 billion. The transaction cannot be approved by the shareholders' meeting, and the small and medium-sized shareholders who hold 60% of the shares will not agree." Jia Yueting. I have already prepared a reason.
Xie Jingxing couldn't help laughing: "Do you think the transaction will be paid in cash?" "If you don't give me cash, I won't be able to repay the equity pledge loan, so I won't be able to sell you the shares." Jia Yueting's logic was clear.
Xie Jingxing simply raised his glass and drank: "Listen up, I don't want any of LeTV's shabby holdings like LeTV Sports and LeTV Finance. You take them all."
LeTV. The main body of the listed company holds 58% of the shares of LeTV Zhixin (TV), 60% of the shares of LeTV Pictures, and 56% of the shares of LeTV Sports.
He took over 40.27% of LeTV shares, and the entire LeTV pan-entertainment ecological assets are in his hands.
So the transaction method should be a more complex mixed payment form. Taihe Xiyou used cash to acquire part of the LeTV shares held by Jia Yueting.
The latter needs to use the remaining shares of LeTV to replace and acquire the 56% shares of LeTV Sports held by LeTV, and pack up all this type of junk assets.
In this link, Jia Yueting is equivalent to making a deal with LeTV, bartering, and finally issuing a private placement of this part of the equity to Taihe Xiyou.
Although Xie Jingxing actually paid 8 billion in cash to acquire 40.27% of LeTV’s equity, through the barter exchange operation, he not only got rid of junk assets, but also had considerable room for manipulation in valuation.
It is written in black and white that 30 billion yuan will be acquired to acquire 40% of the equity, and the overall valuation is 75 billion yuan, which is nearly 100% higher than before the suspension.
What can small and medium-sized shareholders do? They can enjoy themselves as much as they want. If they go to the bank to get a loan, they have to give me a loan based on a valuation of 75 billion. Everyone is fooling around by burning newspapers on their graves.
"No, are you listening to me? I don't have the money to redeem the pledged equity. None of the transactions you mentioned are valid!" Jia Yueting stared.
“Go to Sun Hongbin, your old classmates. LeTV Automobile and LeTV Sports have tens of thousands of acres of copyright, and LeTV mobile phone data is also good. Where did you get the seven or eight billion?”< br>
Xie Jingxing poured wine: “Cut the debts Cut it off, LeTV is here to take care of it, your personal financial chain will not be in trouble in the short term, and it looks very healthy."
"I have never fooled anyone!"
Jia Yueting blushed, Xie Jingxing drank heavily, and the two stared at each other silently for a moment.
He cursed fiercely: "How to cut the debt?"
"Your own cronies, the financial director, don't know how much debt the entire LeTV system owes. This is fucking nonsense, 30 billion, 40 billion, Or 45 billion, huh?"
Xie Jingxing suddenly became excited and squeezed the paper cup in his hand: "Do you know the current net worth data of LeTV, the real revenue data?"
"I said? "Yes, you have to change the office for my audit team. They are inefficient and it will be difficult for our transaction to proceed. It is impossible for me to acquire a blind box. Do you understand?"
He vomited vulgarly. Foaming at the mouth: "Do you understand what this audit team is going to do with LeTV's financial report, and how much responsibility it will have for the authenticity of the financial report in the future?"
"You don't understand. You are mentally ill. You can't tell the difference between capital operation and barbaric fraud. Your financial director is more sick than you. She is your mother. Just make a memorial to support her!" ”
The more Xie Jingxing talked, the more he became angry and trembled all over, partly because of the complicated financial situation.
Is it because Jia Yueting is really sick? Is he thinking about walnut kernels? He can actually think of starting a vertical e-commerce business in the beverage category. In addition to digging holes to develop contacts and resources, he has nothing to do with his hair. Dry.
As a result, there is a very intuitive concept in front of us. The debt is so huge that it will explode. Don’t look at the fact that he took over 40% of the equity of LeTV at a super low price of 8 billion. The debt borne by the main body of LeTV starts at least tens of billions. .
“She is your mother!” Jia Yueting became so angry that he jumped into a rage, grabbed the bottle of wine and drank wildly.
"Your mother!"
"Your mother!"
"Your mother! LeTV will bear a maximum debt of 10 billion."
"20 billion, or you will give I’ll use my money to repay the equity pledge loan.”
“You can go to jail with your LeTV shares. We’ll see how much the shares are worth when you get out. It’s worth nothing if it’s turned into waste paper!” >
"She is my mother! Let's clear the 15 billion debt, and you don't have to bear LeTV's debt personally!"
"...You are really rubbish, with hundreds of thousands of investors and so many people supporting you, Is this how you repay them?”
“You are noble, you bought LeTV with 8 billion and defrauded others of 30 000 million, and then personally help me cover up this trash?”
“15 billion in debt and 8 billion in cash + in-kind acquisition, there is no chance to go back on it, otherwise I will really send you in. ”
Xie Jingxing drank the last sip of wine, crumpled the paper cup into a ball and threw it into the trash can, and hit a three-pointer.
Jia Yueting swung the bottle: "Just because I grabbed something at the auction, I was defeated in less than a month. All the grievances I talked about turned out to be business calculations. Are you tired of deceiving yourself?"
"Hurry up and take your money and go to the United States to lick Musk's anus. Ten years later, you will find that the domestic new energy vehicles I invested in will also step on your head."
Xie Jingxing frowned with disdain. He ended the conversation and left directly.
Jia Yueting shouted at the top of his lungs: "I'm waiting for your new energy car, capital thief."
"I take this as a compliment, you damn person who starts a business with financial statements Accounting, I will never understand it in this life.”
Xie Jingxing raised his middle finger without looking back, "Those who steal the hook will be punished, and those who steal the country will be martyred."
“Prepare your hypocritical words!”
“Write your confession essay!”
“Practice your crying scene!”
…………
"I want to drink water."
After walking out of the office, Xie Jingxing felt dizzy, his stomach was filled with sour water, and he was drinking too much.
Chen Xi quickly supported him, took out the thermos cup from his bag and opened it: "Are you okay?"
"Look at my current state, does it look like I was fooled by Jia Yueting? ?"
Chen Xi stroked his back and pursed his lips: "I feel like you are about to be broken."
"It's true that I'm a little tired. This project involves too many things other than business. I'm going to wash my face."
Xie Jingxing cheered up and walked into the bathroom with a thermos cup. It only lasted three or two minutes, and his hair was highlighted. Chenglan's young female employee stood at the door and cried to Chen Xi.
“Mr.
Xie Jingxing comforted him in a nice voice: "If you have anything to do, don't rush and tell me slowly."
"I contacted all the leaders I could find to report it, but there was really nothing I could do. Human Resources sent me a message. They moved the office supplies to the first floor and forced me to sign. They also wanted to recover my internship wages for the past few months. They asked the security guards to chase me away and not allow me to be in front of the company. So I tried to hide in the fire escape and climb the stairs to wait for you. .”
The little girl cried and recounted the whole story. Chen Xi had inexplicable doubts about life, thinking that when he first participated in the work internship, he should not be so stupid and clever.
The details of what HR did to her were clear, why she was fired, and how she got in.
“It’s so outrageous, it’s outrageous! Is our company a feudal society with joint laws? How can the administrative department bully a girl indiscriminately like this!”
Xie Jingxing's expression was tense and he patted her shoulder: "This classmate, I apologize to you on behalf of the company. You go back to work first and tell the HR director to come to me if you have any questions."
"Chen Xi, please remember that this matter should be emphasized at the next board meeting and the relevant person in charge. Write a review for all and copy it to all employees’ emails! ”
The little girl's big eyes immediately shone and she thanked him again and again. She could not hold back her elated gloating, but her face looked pitiful and aggrieved.
It’s so satisfying to file a lawsuit, not to mention that he is a young male boss, so of course he can take care of girls, hehe.
“There are no normal people in this company. Even if we fire an intern, we can’t figure it out.”
Xie Jingxing was speechless and rubbed his brows: “The whole company has laid off 35% of its employees. Let Haiders Zhe is ready to work."
"Does the administrative department need more indicators?" Chen Xi reminded.
Xie Jingxing nodded without thinking: "The administrative department must not be less than 45%. Make a list of the company's director level and above management personnel and wash it out."
Chen Xi opened his notebook to make notes and transferred this little girl to the director position. She was the head of the office and asked her to participate in the job of laying off senior executives, running errands and doing odd jobs, thus saving reasons for dismissal.
(End of this chapter)