Chapter 673 Transfer and Acquisition
There are two main reasons for Feiyangyang's losses.
One is the high wages of employees, and the other is mainly market factors.
In its earliest days, the emergence of takeout apps did solve certain customer flow problems for the catering industry.
But as time goes by, especially after the food delivery APP has gone through initial capital expansion, integration, and finally formed a monopoly.
The spring of the catering industry is basically gone.
No matter how big the store is, you will find an amazing fact. In the big store next door, you can order a set meal for three people with two meat and one vegetable for only 70 or 80 yuan.
The entire industry is in a frenzy of involution.
In the early days, Feiyangyang also relied on high cost performance to start its business. Now, the rent is getting higher and higher and wages have not dropped, coupled with the well-known three-year illness.
In four years, Chen Pingsheng personally invested more than 2 billion in losses for this company.
It can be said that he was extremely benevolent and his personal shares increased from 5% to 30%.
The market value of Feiyangyang is only about 6 billion, which is the same price as when it first went public.
The entire catering industry, with the exception of Haidilao, which relies on its exceptional service to achieve high customer prices.
Almost all other large companies face the same problem, that is, serious losses.
What he had to do now was to find a new buyer for Feiyang Yang. After learning that Tengying Group was going to sell Feiyang Yang, Gao Hu immediately came over and took Chang Fu with him.
He spoke sincerely, hoping to give him another chance to take over Boiling Yangyang again.
As for selling it to him, no matter how much Gao Hu wanted it, he didn't have the strength. After all, Feiyangyang's market value was there, and it still had over a thousand direct-operated stores.
No matter how low it is, it will only be like this.
Chang Fu said: "Old Chen, Gao Hu worked hard with you to make Boiling Sheep. It has been many years. If he wants to take it back, you can give him a chance."
"We brothers should settle the score first."
Chen Pingsheng said: "You are well aware of Feiyangyang's net losses in the past few years. Although I am too distracted and unable to take care of that, if Gao Hu wants to take over, he must prepare at least four to five billion in working capital. , otherwise how can he make up for this loss? ”
It’s a very real problem. If your boss can’t come up with the money when the company is losing money, big trouble will definitely happen.
As long as employees don't get paid for more than three months, they will definitely cause trouble.
The main reason why Boiling Yangyang has been safe and sound is because he has enough funds to fill this loophole.
And Gao Hu doesn't have this money, so what can he do to take over Booyangyang?
It is impossible for him to subsidize another four to five billion yuan a year. This is unrealistic for any boss.
Chang Fu thought about it and realized that this was indeed the most difficult part for Gao Hu. It was obvious that Chen Pingsheng no longer wanted to pay for subsidies for Boiling Yang.
His method is simple, package and sell Boiling Yang to other catering giants.
What Gao Hu now wants to do is to contract independently and be responsible for his own profits and losses. Since that's the case now, he thinks contracting won't be a big problem.
The key is that he can't afford the loss.
Without 700 to 800 million in cash, no matter how good the relationship is, it is impossible.
Chang Fu himself was also helpless. He did have money, but it was impossible for him to use so much money to guarantee Gao Hu.
His wife Yang Qian would definitely not agree.
For Gao Hu, all kinds of regrets are coming. The most glorious moment of his life is definitely not being an internet celebrity anchor now.
But the moment Feiyangyang went public, he became the brightest star in the entire catering industry.
This is not only financial freedom, but also a feeling that men cannot forget.
It's a pity that if he missed it, he missed it.
No money means no money, no matter how much you want to take over Boiling Yangyang again, it is impossible.
Chen Pingsheng is still looking for buyers, or collaborators, as always.
Buyers can package everything and make a wholly-owned acquisition, or they can also spend money to acquire large shares.
It is not easy to fully acquire such a listed company. You must be very strong.
He hadn't found a suitable buyer for Feiyang Yang yet, so Lao Wang called again.
Wanda Commercial Management failed in its third attempt to go public. The gambling funds he received initially had to be repurchased by Mr. Wang with equal interest payments due to the failed listing.
This was already signed in the financing agreement.
If the listing is successful, everyone will be happy, but if the listing fails, Lao Wang will have to pay for all the capital.
A very realistic thing, there is no doubt that Lao Wang failed this time.
The once-famous richest man in the country also began to look haggard, and his sons began to settle down and live a small life.
There may still be legends about him in the world, but he is definitely not the most glorious one.
A generation of famous entrepreneurs will also officially withdraw from the stage of history.
And Wanda, the most famous urban complex in the world, is destined to find its new buyer.
There are not many people in the country who dare to directly quote 120 billion and can come up with this amount of funds at any time.
Wanda Commercial Management still has about 500 companies in China, and its highest valuation has reached 500 billion.
But now there are only 120 billion left, which is still the 120 billion he bid.
Chen Pingsheng took the group's financial team, legal department, secretarial team, etc. to Wanda Commercial Management's headquarters to conduct acquisition negotiations.
This time, Lao Wang gave up approximately 60% of the equity, which means that he gave up his absolute controlling interest.
The entire financial team, legal team, and secretarial team brought over by Tengying Group are all busy with this.
Liquidation of Wanda Commercial Management’s core assets and debt restructuring, including various taxes.
It can be said that this is a very huge job.
Of course, the employees of the group are naturally responsible for these details.
Chen Pingsheng himself was also very sad. When he was still setting up a street stall, the man in front of him was already very famous.
Wanda Plaza has opened all over the country, and his son is also called a national son-in-law online.
In the blink of an eye, in ten years, this large commercial real estate will fall on his head.
With this, he was able to open his own offline self-operated stores of Tengfei New Energy all over the country in one fell swoop.
It can quickly build the most complete department store system and add brand advantages.
It can be said that the acquisition of Wanda Plaza is of great significance to the stars of Tengying Entertainment.
Not to mention he has so many offline theaters.
All in all, this is an extremely cost-effective investment if you are not short of money.
Therefore, he cashed out 1.5% of his Nvidia shares directly.
In exchange for a sum of tens of billions of dollars, it was used to acquire 60% of Wanda’s controlling shares.
For him, this was an acquisition that was three years late. Whether he wanted it or not, the news still caused an uproar in the entire financial circle.
You must know that this is no longer the real estate era, but when it was still the real estate era, this acquisition would not be so exaggerated.
Because many real estate owners like to take bank loans to make large investments here and build new cities there.
Today's market conditions are such that everyone is tightening money and do not dare to drain large amounts of corporate cash out of the country. Not to mention that he spent 72 billion in one lump sum without using any bank loans for acquisitions.
As soon as the news came out, everyone was not shocked that Tengying Group acquired a controlling stake in Wanda, but that it didn't need any bank loans.
How much cash flow do you need to achieve this?
It is difficult for Chen Pingsheng not to be famous, but this acquisition was made using the Tenghui Investment Fund registered in Xiangjiang.
The names of a series of shareholders are all overseas companies, so it will definitely be difficult for ordinary people to find them. People with channels will naturally understand them.
This is a capital company registered by Tengying Group in Xiangjiang.
No matter how many twists and turns it takes, it is still a major asset of Tengying Group.
Further investigation revealed that between 2021 and 2022 alone, Tengying Group cashed out almost US$30 billion relying on Tesla's share investment.
In addition, it is also one of the largest shareholders of Nvidia and Google. In just ten years, it has made a net profit of 40 to 50 billion US dollars by relying on investments without showing any signs of success.
It is not unusual at all that it can withdraw more than 70 billion in cash.
People have invested heavily in new energy and AI industries since 2016.
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He has invested in almost all domestic new energy vehicle companies that can be listed on the market.
Tesla even became a major shareholder in one fell swoop, and it is still a leader among domestic new energy vehicle companies.
It can only be said that when Tengying Group spent 72 billion in cash to complete the acquisition.
Everyone in the world basically knows that he is super rich, far beyond what ordinary large companies can compare with.
It's just that as the saying goes, a big tree attracts the wind, which is never a good phenomenon.
Especially when there was such a big stir, Chen Pingsheng frankly explained an issue after returning to the Magic City.
He has indeed made a lot of money from investments in Tesla, Google and NVIDIA.
In comparison, his own traditional listed companies are nothing.
As for the half-armed bosses in the entertainment industry who are rumored on the Internet, they are not worth mentioning to him.
Chen Pingsheng also used his actions to quickly eliminate those who wanted to bring bad ideas to him.
When he held a press conference in Shanghai, he announced directly.
If one day Nvidia's market value exceeds 800 billion US dollars, it will donate more than 5 billion yuan to three top universities in Shanghai for free every year.
The duration is twenty years.
If one day NVIDIA's market value exceeds one trillion US dollars, then he will donate an additional 3 billion yuan to Shanghai every year.
The duration is also twenty years. What does this mean?
Once Nvidia's market value exceeds 800 billion US dollars, he will donate 5 billion to Shanghai University of Finance and Economics every year.
Once it exceeds one trillion US dollars, he will donate 8 billion to Shanghai every year.
And this time will last twenty years.
Many people don't understand why he did this. Only those at their level will understand what a wise and generous decision it is.
The simplest thing is that all his Nvidia shares are overseas. If something happens to him within twenty years, this agreement will be canceled immediately.
If nothing happens, he will donate 8 billion to the Magic City every year, which will be 160 billion in twenty years.
Even if NVIDIA really exceeds the market value of one trillion US dollars one day, the remaining 4.5% is equivalent to a donation of about half.
There was nothing anyone could say.
It is even more impossible to harm him because of this. If this is the case, Modu will not agree to it.
What does it mean to spend money to buy peace? This is the highest level of peace.
There was no doubt that he had to do the same.
Otherwise, with an overseas asset exceeding US$40 billion, not many people would care about it.
Well now, he has donated half of it to the Magic City, but the time limit is twenty years.
After all, who would dare to secretly plan on him.
It can be said that Chen Pingsheng has never been ambiguous when it comes to major matters.
Regardless of whether he acquires Wanda or not, this step will have to be taken sooner or later.
Instead of whining, it's better to be decisive.
Not only did he finish his announcement, the magic city immediately came to protect him.
All kinds of financial news in Shanghai praised his entrepreneurial style.
A discerning person will know what's going on at a glance.
As a result, Chen Pingsheng became a well-known philanthropist in Shanghai. Even in the entire domestic charity sector, he can be regarded as second to none.
When the money is paid off twenty years later, he will be the private entrepreneur with the highest donation amount in the country.
The slogan must not be shouted in vain. In the first year, he cashed out 0.5% of Nvidia's shares again, obtained 3.5 billion US dollars, approximately worth 24 billion yuan, and registered a special donation charity fund called Tengying Magic City.
This money was specifically used to fulfill his personal donation commitment.
It can be said that he was very decisive and direct in handling this matter.
The front step announced the donation method, and the back step came out with more than 20 billion.
Who else can be as sincere as him?
The effect of the donation is also quite remarkable. There are three universities in the city, which specially organize life-long genius study classes for him.
This is also the ultimate identity recognition and a great reward for his personal reputation.
After taking this step to decide whether to talk or not, both his wife and himself will feel much more at ease.
Just like the big fish in the stock market eat the small fish, and the small fish eat the shrimps.
In the eyes of higher beings, he is just a bigger fish.
Being able to escape unscathed after making money is definitely a higher level of business wisdom.
Outsiders only knew that he donated a lot of money, but they had no idea what the significance of his donation was.
If one day Nvidia can surpass 2 trillion US dollars, then he will not hesitate to donate nearly 20 billion to Shanghai every year.
At that time, all those who dare to discuss the law with him in this place will be his younger brothers.
I just don’t know if that day will come.
Back in reality, he is really not short of money anymore. He already has enough business assets.
The purpose of the future is definitely not to make money, but to have a better life and fulfill a man's ultimate dream.
Build your own technology empire.
Beyond that, it's hard to imagine anything else he can't do.
If he was given another twenty years, he would be able to truly develop the old Chen family into a large, intricate family with deep roots and luxuriant roots.
All of this can only be said to be well prepared.
Instead of choosing to settle abroad like others, he still prefers to live at home.
Returning the money earned from this land to this land is also a social responsibility of entrepreneurs.
(End of chapter)