Chapter 74 No, but he will help the US dollar
“I heard that Mr. Jin and Mr. Fan Zhixing are good friends. I wonder if you can introduce me to them?”
“You also want to acquire his equity. ?”
Xu Liang nodded.
“We want to acquire 15%~20% of NAVER’s equity this time, and Mr. Fan Zhixing’s 8% equity is also our target.”
After a pause, Xu Liang smiled.
“Our acquisition funds are still US$80,000. If Mr. Jin can help us negotiate the price, then we are willing to give the discount to Mr. Jin.”
Jin Yingquan’s eyes instantly It lit up.
He knew what Xu Liang meant very well. If he could make this business close for US$60,000, the US$20,000 would be his agency fee.
As for selling friends.
Ahem, how can this be said to be a sale? As a middleman, of course you have to charge a commission when you broker a deal.
"Mr. Xu, I am willing to help you negotiate this deal."
Xu Liang took out his business card and handed it over.
"After the matter is completed, Mr. Jin can make this call."
"Please rest assured, Mr. Xu, I will definitely be able to handle this matter."
"Then I'll be waiting for the good news."
After drinking and eating, Xu Liang asked Sun Mingzhen to find two girls who discussed body art and left with Jin Yingquan.
“Where are the things?”
Sun Mingzhen quickly took out a recording pen from her pocket and put it in Xu Liang’s hand.
I turned on the play button and listened once, and the sound was very clear.
He nodded with satisfaction.
The people with the lowest threshold in the world are businessmen, so business negotiations should keep as much evidence as possible, maybe it will be used at some point.
And if it wasn’t really difficult to record just now, he would have recorded it just now.
"President, does the Kim Young Plenary Party really help us?"
"No, but he will help us dollars."
"He and Fan Zhixing are classmates at Seoul National University and have a good relationship." Sun Mingzhen hesitated.
Xu Liang smiled.
"Miss Sun, do you think a lustful and greedy guy still has some loyalty left after years of being beaten by society?"
Xu Liang is a businessman himself. He has met countless businessmen like him and knows the nature of these people very well.
Greed and selfishness are the eternal labels for people like myself.
When Fu Bao Ma was young, he was a passionate young man who stopped stealing manhole covers and was determined to make it easy to do business in the world. But after getting involved in the business world, he turned into a greedy capitalist who cheered for the 996 Welfare Report.
Money can really change a lot of things.
There are too few businessmen like Tan Kah Kee and Mr. Huo.
On the car leaving Han Feiyuan, Xu Liang flipped through the equity information about NAVER provided by the commercial investigation company in his hand.
Although NAVER is an internal startup company of Samsung SDS, after the successful development of search engine technology, Lee Hae-jin, Cha Bo-geun, Kim Young-quan, and Beom Ji-sung, as well as Samsung SDS, established this company with a total of 500 million won.
This amount of money is equivalent to 500,000 US dollars and more than 4 million Chinese coins.
Samsung SDS invested US$300,000, accounting for 30% of the shares.
Li Haizhen invested US$140,000 and added technology to hold 46% of the shares.
Che Baogen, Jin Yingquan and Fan Zhixing each received US$20,000 plus technology, accounting for 8% of the shares.
Because of Samsung’s resources, although NAVER has never been able to make a profit, it can still barely survive.
However, as Naver's users continue to grow, more and more servers and traffic are required, and expenses increase rapidly, making it increasingly difficult for Naver to make profits.
So financing has become a very realistic option. The target of financing was Samsung SDS, and Kim Ying-quan and Fan Zhixing quickly succumbed.
But Li Haizhen was unwilling to do so.
Because once Samsung is allowed to continue financing, its equity will inevitably shrink, and the company it has worked so hard to create will become Samsung's possession.
With the domineering nature of his old club, it is very likely that he will be squeezed out of NAVER in the future, which is something he will never allow.
So he prefers to seek financing from American venture capital funds.
But Samsung SDS threatened to cut off advertising from all Samsung-owned companies and affiliated companies to Naver if it was not allowed to raise funds.
Samsung’s status in South Korea goes without saying.
However, Li Haizhen refused to give in and directly roped in Cha Baogen and convened a shareholders' meeting to drive out Kim Young-quan and Fan Zhixing.
But he was also a little unlucky. Just when he was discussing financing with Lehman Brothers in the United States, the Nasdaq crisis broke out.
Lehman saw that the momentum was not right and canceled the investment.
Then NAVER’s valuation also plummeted.
In order to survive, Naver laid off employees and barely survived.
If history had not been changed by Xu Liang, Li Haizhen would soon use her own savings to invest in the company and squeeze out the equity of other shareholders.
Then in 2001, it merged with Hangame, a South Korean online game portal, to become NHN Company.
Because Shanda's success is so brilliant and dazzling, many domestic game companies and capital in China rushed to South Korea and wiped out all South Korean online games on the market, which directly promoted the prosperity of South Korean games.
It also made NHN a huge profit.
Then it was successfully listed on South Korea's GEM 'Kosdaq' in 2002.
Well, it is only one word different from Nasdaq. I can only say that my father taught me really well.
After going public, NHN basically had no shortage of money and successfully survived. It became more and more successful, and eventually became one of the three major Internet companies in South Korea, similar to Baidu in China.
"President, we are here."
Sun Mingzhen said.
Looking at the bustling building outside, Xu Liang opened the door and walked out.
Soon we arrived at the office of Morgan Stanley's South Korean branch.
Shortly after being led to the reception room by the front desk, a white man in his early thirties, wearing a brown suit and meticulously styled hair, opened the door and walked in.
"Hello Mr. Xu, I am Dennis Joel from the Morgan Stanley Investment and M&A Department. You can call me Dennis or Joel. This is my work ID."
Xu Liang took it and took a look at it.
"Mr. Joel, please take a look at this information."
Xu Liang handed over the Naver information.
After a quick browse, Dennis Joel asked: "Mr. Xu wants to acquire this Internet company?"
"No, I hope you will come forward to acquire the 30% stake in Naver held by Samsung SDS for me. . ”
Xu Liang has no connection with Samsung, and they are not short of money. He, a small company owner from Xiangjiang, came to buy him rashly, and he was easily ripped off.
But Morgan Stanley is different. The five major investment banks on Wall Street are famous all over the world.
In front of American dad, Samsung SDS probably wouldn’t dare to open its mouth.
"In addition, I have an additional clause. If you can lower the purchase price to US$500,000, I am willing to pay 10% of the purchase price as a commission for this service."
Dennis Joel Eyes One Bright.
Although the amount of the order is not large, the profit is quite huge.
For orders like this, the intermediary fee is generally 2% to 5%.
It does not sound very high, but note that investment banks eat both ends.
Once the matching is successful, whether it is the buyer or the seller, he charges a fee.
(End of this chapter)