Chapter 73 Jin Yingquan
A quarter of an hour passed quickly. Following the sound of footsteps, a middle-aged man wearing a black suit, a slender face, and gold-rimmed glasses walked over under the leadership of a waiter.
Behind him was a charming female secretary.
Sun Mingzhen greeted him.
"President Kim."
"I haven't seen Miss Sun for a while, and she seems a little haggard. If things are not going well, you can come to me at any time. For the sake of being a colleague of the company, I will definitely find a good position for Miss Jin."
The smiling eyes kept wandering over Sun Mingzhen's towering chest, looking very vulgar.
Sun Mingzhen smiled.
“This is Mr. Xu Liang, the representative of our Xiangjiang Hongyan Fund.”
Xu Liang is very aware of the stick’s nature of advocating for the high and suppressing the low. This acquisition of Naver was all based on Xiangjiang Hong Mainly rock funds.
"Hello, Mr. Kim."
This time he spoke in Korean.
Hold Xu Liang’s extended hand with a professional smile.
“Mr. Xu’s Korean is very authentic.”
“Actually, I can only speak a few words, please come in.”
Come to the room and sit down.
Xu Liang is not used to this kind of kneeling or sitting cross-legged. He has no choice but to do as the Romans do.
Gulu….
Sun Mingzhen picked up the wine pot and filled the glasses for Xu Liang and Jin Yingquan.
Xu Liang stood up.
"Mr. Jin, let me toast you. Thank you very much for agreeing to my invitation today."
Jin Yingquan smiled slightly.
“I also do it for Mingzhen’s sake. If she hadn’t invited me, I wouldn’t have come back.” Of course you can hear it.
It was nothing more than a hint that he would send Sun Mingzhen up to warm her bed.
When he was doing business in his previous life, he had seen people even more filthy than this.
I didn’t feel too angry.
He said calmly: "I heard that Mr. Jin was the founder of NAVER before?"
"Yes."
"Our Hongyan is a group that specializes in investing in the Internet in East Asia. The venture capital fund has just entered the Korean market and I would like to ask if Mr. Jin can sell his NAVER shares? Can we give Mr. Jin a reasonable price?" Xu Liang said directly.
Jin Yingquan held the wine glass in his hand with an eternal smile on his face.
“I hold 8% of NAVER’s original shares. I wonder how much money you can offer?”
Xu Liang’s expression remained unchanged.
“How much does Mr. Jin plan to sell it for?”
“In January 2000, NAVER’s valuation was US$7 million, and 8% was 560,000.”
Xu Liang smiled and shook his head.
"Mr. Kim seems to know that NAVER is not worth US$7 million, otherwise why would he emphasize January this year instead of now?"
Kim Young-quan is not stupid, after the Nasdaq crisis , all Internet companies in the world, including giants such as Yahoo, AOL, Lycos, and Amazon, are on the verge of collapse, and their market value has fallen to the bottom. Small companies like NAVER have lost 90% of their valuation.
If calculated according to the current valuation, the equity in his hand could be sold for up to US$60,000, which is almost a tenfold difference.
"How much is Mr. Xu willing to pay?" Jin Yingquan asked.
"I can make the decision to give Mr. Jin a generous price, $60,000."
Jin Yingquan shook his head instantly, "No, it's too little."
Before the Nasdaq crisis, he This equity can be sold for five to six million U.S. dollars. Now that it is so much less, how can we be willing to accept it? But at the same time, I was also very scared.
In the United States, Europe, including South Korea, Internet companies have collapsed. It is difficult to say how long Naver can last. After all, it is like other search companies with portals around the world. Until now So far there is still no profit.
If NAVER collapses, his equity will be worthless.
"Since Mr. Jin thinks it's less, we won't force it. Come, drink." Xu Liang picked up the wine glass.
Jin Yingquan was a little stunned.
This is wrong.
If we can’t agree on the price, shouldn’t we continue to negotiate? Why did you just quit?
"Is it some kind of strategy? It must be that the Chinese people have thirty-six tricks. I have to be careful."
Jin Yingquan, who started brainstorming and constantly speculated on various conspiracy theories, instantly felt that the food and wine in his mouth had lost its taste. , I no longer have the intention to look at the beautiful woman next to me.
After eating something briefly, Xu Liang stood up.
"I'm sorry, Mr. Jin. I have something else to do so I'll leave first.
Renqing, you finish the meal with Mr. Jin and then send him back."
Lu Renqing quickly agreed.
"By the way, Mr. Jin. I heard that in addition to Mr. Lee Haizhen and Samsung SDS, the equity holders of NAVER are also you, Mr. Cha Baogen and Mr. Fan Zhixing. The three shareholdings are about the same."
< br>After smiling lightly, he turned around and walked out.
Jin Yingquan stared at the retreating figure, his face changed, his expression kept struggling, and he saw that the other person was about to disappear.
"Wait. Mr. Xu, please wait a moment."
Jin Yingquan suddenly stood up and chased after him.
He has no reason to be anxious. What venture capital funds pursue is not controlling rights, but casting a wide net to catch as many fish as possible, betting on good companies as much as possible, and earning dozens or even hundreds of times excess profits. .
So, it is destined to only acquire part of the equity.
Especially now that the Nasdaq is in crisis, the number of equity acquisitions may be even less.
If he doesn't sell, and Che Baogen and Fan Zhixing do, then even if he wants to sell, he may not have a chance. And even if it can be sold, the price is bound to not be too high.
"Mr. Xu, I will sell it for only $80,000." Jin Yingquan gritted his teeth.
Xu Liang smiled slightly, "Deal."
Seeing how readily he agreed, Jin Yingquan regretted it again.
Why aren’t there more points?
"Mr. Xu..."
Xu Liang waved his hand to interrupt him. He knew just now that he was in a hurry and should bargain again.
But things have happened, and he can't help but regret it.
“It’s only 80,000 US dollars, and I won’t pay a penny more. If Mr. Jin is willing, we will sign the contract. If not, we will pretend we have never met today.”
Listening to his decisive words, Jin Yingquan nodded after hesitating.
He had not received an offer higher than $80,000 for several months, and he didn’t want to wait any longer.
The feeling of watching the stocks in your hands continue to depreciate but being unable to do anything about it is really torturous.
Without any further trouble, the two parties successfully signed the equity transfer agreement and confidentiality agreement.
“All funds will be transferred to Mr. Jin’s account in two weeks.”
“Why does it take two weeks?”
“Our company also allocates funds. It takes time, especially at a time like this.”
Jin Yingquan thought for a while and agreed after two weeks was not too long.
"Mr. Jin, let's drink to this successful cooperation."
Jin Yingquan smiled a little reluctantly. Six months ago, his equity was worth 600,000 US dollars, and the suitor There were many, and half a year later the equity depreciated to 80,000, and no one cared about it.
If it hadn’t been for the six months of suffering, he wouldn’t have sold it for 80,000 yuan.
(End of this chapter)