Chapter 188 Knocking on the mountain to shake the tiger
“I have a question, why is Hongmeng selling such a good company?” Xu Hui asked.
Everyone’s attention shifted to Xu Liang.
The Hongmeng company sign in front of him, coupled with his unusually young appearance, is really eye-catching.
“The main business of Hongmeng Company is pan-entertainment and Internet search. Although the Hongmeng website is good, it is not our main business.
Moreover, Hongmeng’s next goal is to strengthen its presence in the international market, and we need a large amount of development funds.
Selling the website collection in exchange for valuable development funds and strengthening the main business is a very reasonable operating strategy. "
Facing everyone's questioning eyes, Xu Liang said calmly in Chinese.
"In the context of the Nasdaq crisis, Mr. Xu still has such courage. It is really admirable. . ”
Unexpectedly, it was a representative of Goldman Sachs who spoke up to praise.
Xu Liang smiled but did not speak.
The protagonist of the shareholders' meeting is Wang Zhidong. He is just a spectator, so it is better not to overwhelm him.
“As for the specific negotiation conditions, due to confidentiality requirements, I cannot tell you shareholders, but when the matter is settled, I will explain it to you personally.”
After a pause, Wang Zhidong stood stand up.
"Dear shareholders, today's shareholders' meeting ends here. We have prepared lunch for you at the Liskar Hotel. You are welcome to move over."
Arriving at the banquet hall of the Ritz-Carlton Hotel, Xinlang prepared a Western-style buffet lunch.
Except for Wang Zhidong, Xu Liang knew no one and was too lazy to make friends.
I simply took a few dinner plates and filled them, sat down on the chair next to me, and ate and drank by myself.
"The chefs in this hotel are average in their skills, and they are not as delicious as Kaiyue's cooking."
In the past year, his mouth has also been spoiled by An Kaiyue.
Therefore, it makes sense to say that if you want to capture a man's heart, you must first capture his stomach.
However, if he does not look for others, others will look for him.
"Mr. Xu."
Xu Liang looked up and saw a blond foreigner appearing in front of him. Having attended the shareholders' meeting, he remembered that this was a representative of Goldman Sachs.
Out of courtesy, Xu Liang put down his chopsticks and stood up.
"I am Silva James, head of Goldman Sachs Global Technology Growth Fund China. I am also currently serving as a director of Xinlang.com."
"Hello, Mr. James."
Xu Liang took hold of the right hand extended by the other party.
"Can I sit down?" James smiled.
“Of course.”
After the two parties sat down and looked at the food on the table, James smiled.
"Mr. Xu has a good appetite."
"Eat when you are hungry. This is the instinct of living things."
"Mr. Xu is very sincere."
"Thank you. So, does Mr. James have anything to do with me?"
James nodded, "Mr. Xu's Hongmeng company is developing very well and now has a large share of the East and Southeast Asian markets.
We at Goldman Sachs are very willing to help companies with potential like Hongmeng grow. If Mr. Xu is willing, we are willing to inject capital into Hongmeng.
In this way, you don’t have to sell the Hongmeng website.”
“Mr. James has a very keen vision, and we at Hongmeng really need it. Financing.
But selling the website has little to do with whether we can successfully raise funds.”
James's eyes lit up. No matter what the other party said, just accept the financing.
Among the current Internet companies in the Chinese market, Hongmeng Company is the only one that is still growing rapidly and has good profitability.
What’s even more rare is that the other party has business not only in one market in China, but also in Japan, South Korea, Southeast Asia, and the entire Greater China region.
The key is that these businesses are developing very well, which is very rare.
Many multinational companies have failed because they were unable to adapt to foreign cultures and environments.
Any company that can thrive in multiple countries is a leader in its industry.
James took out a business card and handed it over.
"Mr. Xu, please be sure to call me after Hongmeng's Series A financing starts."
Xu Liang took it and took a look and put it away.
“We value Goldman Sachs’ global influence, and Hongmeng is very willing to cooperate with you.”
If you want Hongmeng to develop well, you must not let go of this layer of tiger skin, especially in the international market.
"Then I won't disturb Mr. Xu's meal and leave."
After getting a satisfactory answer, James left quickly.
However, after this scene fell into the eyes of those who were interested, the second visitor also came over.
Investment institutions are not stupid. They are also very concerned about China's technology market. Of course, high-quality stocks like Hongmeng cannot be missed.
So, by the time the banquet was over, Xu Liang also had a lot of business cards from venture capital companies in his hand.
Just as he was about to leave, he was stopped by Wang Zhidong's secretary, whom he had met once before.
"Mr. Xu, Mr. Wang would like to meet you."
Xu Liang did not refuse.
“Lead the way.”
"Please."
Looking at the retreating figure, an inexplicable light flashed in Duan Yongji's eyes.
Leaved the hotel, came to the car, took out his cell phone and made a call.
“Let’s meet in the evening. I’ll send the time and location to your phone shortly.”
“Okay.”
——
The tea room near the Ritz-Carlton Hotel.
"Mr. Xu, we meet again."
The two parties briefly greeted each other and sat down.
Xu Liang didn’t waste time either.
"Mr. Wang called me here, probably for the acquisition of Hongmeng website, right?" "Yes. I have been discussing this matter with Mr. Xie of your company for more than a week, but we have never been able to reach an agreement."
Paused.
"Mr. Xu, I admit that the revenue of your company's Hongmeng Website is very good, but the asking price of 120 million US dollars is too high. It is impossible for Xinlang to pay so much money."< br>
Xu Liang smiled.
"Mr. Wang, although I prefer to cooperate with Xinlang, there are many companies interested in Hongmeng website, and the bids are also very tempting.
So, if there is not a sufficient price, It is impossible for me to act arbitrarily and reach this deal with Xinlang."
Wang Zhidong frowned.
This is not the answer he wants.
"Mr. Xu, if your company persists, it will be difficult for our transaction to continue."
Xu Liang pondered for a moment, "Well, let me take a step back. The transaction price of 120 million US dollars remains unchanged, but I only need 60 million US dollars in cash, and the remaining part can be offset with Xinlang's stocks."< br>
Wang Zhidong had thoughts on his face.
Thanks to the continuous growth of Xinlang's advertising business and the continuous decline in debt ratio, their current stock price is relatively stable, and their market value remains at around US$130 million.
If they accept Hongmeng’s plan, they will pay more than 31.57% of the equity.
In addition, Hongmeng Company also holds 8.7% of Xinlang's equity. After being folded into the new company, it also holds nearly 6%.
Combined, Hongmeng Company will hold 37.57% of Xinlang's equity, becoming its largest shareholder, and will have the right to veto all major decisions of Xinlang.
In other words, Hongmeng will take over Xinlang.
"I'm sorry, Mr. Xu, I can't accept this proposal."
He is used to being the master of the family in Xinlang, how could he be willing to have multiple butlers on his head?
Xu Liang was not surprised by his answer.
How many people are willing to give up the power they have obtained?
He did have plans for Xinlang’s management rights and didn’t explain much.
"If Mr. Wang doesn't agree to this condition, then you can only pay more in cash, and you do have a lot of cash."
"It's impossible to keep the company running with Xinlang's cash. Let’s trade it all.”
“After merging Website Daquan, Website Daquan’s revenue, plus Xinlang’s own revenue, can almost cover the expenses in three or two months. As revenue increases, you will still have a slight surplus.
Therefore, there is absolutely no need to hoard so much cash. "Xu Liang followed suit.
"The Nasdaq crisis shows no signs of ending yet. We must hoard enough cash to deal with the crisis. Wang Zhidong insisted.
Looking at the way he was still frightened, it was clear that he was frightened by the Nasdaq crisis.
But Xu Liang can also understand.
face Anyone with a normal IQ would be wary of the overwhelming wave of business closures
"Mr. Wang, compromise is reciprocal. I cannot compromise repeatedly, but you are always unwilling to compromise. If this is the case, there is no need for us to talk about cooperation."
"Mr. Xu, you are always unwilling to compromise. There is no compromise at all, and the value of cash plus equity is still US$120 million."
Xu Liang smiled lightly, "In the current Internet market, cash is much more valuable than equity."
He picked up the tea on the table and drank it in one gulp.
"Mr. Wang, thank you for your hospitality. I have said everything that needs to be said. As for how to choose, it all depends on Mr. Wang himself.
Farewell. ”
After saying that, he stood up and walked out the door.
Looking at his back, Wang Zhidong opened his mouth, but in the end he said nothing.
Now The differences between the two sides are too big, even Xu Liang can't promise him anything.
"That's right. ”
Xu Liang, who was about to reach the door, suddenly stopped.
“Mr. Wang, I personally admire you very much when I see you working so hard for Xinlang’s development, but in my opinion, your company’s board of directors has not given you decent support.
< br>And as far as I know, Mr. Wang doesn’t have many shares in Xinlang.”
Xu Liang’s meaningful words shocked Wang Zhidong and he stood up.
“What does Mr. Xu mean?”
"The meaning is very simple. Instead of being wary of outsiders like me controlling Sina, Mr. Wang should worry more about your enemies within Xinlang.
Fortresses are often breached from within.
With that said, I say goodbye."
Xu Liang smiled calmly, opened the door and walked out.
Wang Zhidong subconsciously wanted to stop him, but stopped when he reached his mouth.
The door is open, and there are many people outside.
It’s better to be cautious.
Looking blankly at the opened door, Wang Zhidong was in a state of confusion at the moment, Xu Liang's words kept echoing in his mind.
"Does he know something?"
At this time, Wang Zhidong's secretary came in and asked cautiously when he saw him like this.
"Mr. Wang, are you okay?"
Wang Zhidong came back to his senses, took a deep breath and nodded.
“Let’s go back to the company.”
The secretary didn’t dare to neglect, quickly packed up her things and followed.
When Xu Liang came outside the tea room, he glanced in the direction he came from. He seemed to see Wang Zhidong's anxious look.
"I don't know what the effect will be of knocking on the mountain this time to shake the tiger?"
What he is most looking forward to is a fight between the two sides, and then Hongmeng will take advantage of it and completely control Xinlang.
But he also knew that there was little hope.
Whether it is Wang Zhidong or the Sina board of directors, they restrict each other. Without convincing both parties, it is impossible to exchange shares with Sina on a large scale.
It is too difficult to convince both parties.
Rather than waste this matter, it is better to figure it out slowly.
Of course he thought so rationally, but he couldn't help but remind Wang Zhidong to see if there was any unexpected gain.
(End of this chapter)