Chapter 261 The Battle for Sina (Part 1)
“Also, you go and negotiate with the bank to get as low a down payment as possible. Whoever gives a lower down payment and a lower interest rate, we will cooperate with. Tell them, We have 500 million U.S. dollars and 4 billion Chinese coins. Whoever has the best conditions will get the money.
Also, we must pay the principal and interest when it is due, and the loan period is five years.
< br>Be sure to add a breach of contract clause. If either party breaches the contract, it must pay the other party sufficient liquidated damages. As for the amount of the liquidated damages, you can negotiate it yourself. I only see the results. ”
“Understood.” br>
After hearing these conditions from the big boss, Lu Jue also felt pressure.
The amount of funds is too large. If the down payment is 30%, 12 billion funds can be leveraged into real estate. If it is 20%, it is five times that, 20 billion Huaxia coins.
He has never dealt with such a large amount of money.
"Starting from tomorrow, you will transfer the people in your department to work at Hongyan Fund. I have already arranged the office space for you."
"Yes."
"That's all I have to say, do you have any questions?"
"Mr. Xu, for this part of the property we are taking over from New Dream, the down payment is generally around 30%. Should we renegotiate or shelve it?"< br>
“Re-negotiation, the conditions for investment must be unified.”
“I understand. … Mr. Xu, in order to better find excellent real estate, I applied to establish establishments in Magic City, Pengcheng and Yangcheng Office, this can greatly save our time and energy and avoid the trouble of frequent business trips."
Xu Liang nodded after thinking about it briefly.
"After your office is established, you can also look for excellent properties beyond my requirements. If the investment value is really high, you can report it to me."
"Yes."
"Also Any other questions?”
“No.”
“Go down and get ready and start working as soon as possible.”
"Understood."
Looking at Lu Jue who left with great ambition, Xu Liang smiled, stood up and looked outside through the floor-to-ceiling windows.
The capital city under the morning sun seems full of vitality at this moment.
“Without the real estate business, the value of the new dream will be much lower.”
After brief consideration, Xu Liang ranked it on the list of his core enterprises.
For non-core enterprises, Xu Liang is basically no longer involved in business management. When they are almost developed in the future, he will let them go public and then slowly withdraw.
The strategy is similar to Jianlibao.
However, as this is the second company after Hanhua founded by himself, Xu Liang still has feelings for it and will still hold a certain share after it is listed in the future.
New dreams excluded.
His next core companies are Hongmeng and Hanhua Hongyan.
That is Internet + finance.
“Should Hanhua and Hongyan be integrated together?”
The reason why he registered Hongyan before was to serve as a vest for Hanhua’s overseas investments.
Now one is doing angel rounds and VC, and the other is doing PE, hedge funds, and real estate investment funds.
Strictly speaking, both are private equity.
If we merge into one company, we can save administrative resources.
The key is to separate Jiang Xiaoyang and Qiao Yuhui. A mountain cannot accommodate two tigresses.
Xu Liang thought about it and found that the most suitable method at present is to let Jiang Xiaoyang be in charge of domestic affairs, while Qiao Yu will live in Xiangjiang and be responsible for foreign investments.
Just as Xu Liang was thinking about it, the knock on the door rang again.
“Come in.”
Lu Hui opened the door and walked in.
When he came to the nearby place, he placed a document in front of Xu Liang.
"Mr. Xu, this is the situation of global business jets that you asked me to investigate."
Xu Liang was fed up with waiting for flights on business trips, so he quickly took it over after hearing this.
As for business jets, the ones he knew and had seen before were Gulfstream and Bombardier.
Boeing does have one, but it is too expensive. A BBJ business jet of the same model as the Boeing 737 easily costs hundreds of millions of dollars.
Although the US dollar has not yet depreciated, and it coincides with September 11, BBJ has reduced its price, but looking at the price on the document, it is 65 million US dollars.
Although he has money, he is still a little reluctant to part with it.
If you can’t afford Boeing, you can only look to companies like Gulfstream, Bombardier, and Dassault.
The Gulfstream is mainly the ‘Gulfstream IV’, which is the Gulfstream G300 after the Gulfstream was fully revised after 2002.
As for the later mainstream Gulfstream G550 and G650, they are still under development or have not started at all.
The performance of the Gulfstream IV is good.
Passenger capacity, 12-14 people; maximum speed 1040 km/h.
The maximum range is 7,800 kilometers. You can fly directly from Beijing to Hawaii. Forget it if you cross the Pacific Ocean.
For Xu Liang, who will definitely fly all over the world in the future, this flight is a bit short.
But this is already the furthest business jet Gulfstream has flown.
Bombardier has three series, Learjet, Challenger and Global. There is no need to look at the first two because their range is too short.
The Global 5000, carrying eight passengers and three crew members, currently has a maximum range of less than 10,000 kilometers. If you want to fly to the United States, you still have to transit in Alaska or Hawaii. Other planes are similar.
The only one that can truly complete intercontinental travel is Boeing's BBJ, which is a modified version of the 737.
The volume is three times that of ordinary business jets, and its ultra-long range of 11,480 kilometers allows him to easily travel from Beijing to Los Angeles.
The ample internal space can completely accommodate three bedrooms and one living room.
Xu Liang was very moved when he saw it.
After hesitating for a moment, "Can you ask Boeing, how much is the minimum price for a BBJ1 business jet? What are the payment options?"
"Yes."
Lu Hui took the document and turned around and walked away.
‘Ding Dong’.
Xu Liang’s cell phone suddenly rang.
The content is a text message.
When I opened it, a smile appeared on my face.
Find Sun Zhenping's phone number and call him.
“Let’s do it.”
“Yes.”
——
On November 1, 2001, Morgan Stanley Asia officially followed Huacheng Investment Group of the United States reached an agreement.
Purchased 13.5% of Xinlang's equity held by the other party for US$15 million, becoming the largest shareholder of Xinlang.
With the blessing of Morgan Stanley, Xinlang's stock price began to grow, its market value soon exceeded 100 million U.S. dollars, and its stock price officially exceeded three U.S. dollars. But amid the overall sluggishness of Internet and technology stocks, they soon started to fluctuate at three dollars.
Three days later, Morgan Stanley took action again, acquiring 10.4% of Xinlang's equity from Bank of America Ross Corporation, Ivanhoe International Group, and Wanwan Trend Technology.
Increased his shareholding in Xinlang to 23.9%.
When the news spread, Xinlang’s stock price instantly exceeded US$4, which once made Xinlang’s market value exceed US$200 million.
The stock prices of Chinese concept stock portals such as NetEase, Sohu, and China.com have also risen to varying degrees.
The public acquisition of Morgan Stanley shocked the entire Chinese Internet.
Xinlang is the first portal website in China to be listed on NASDAQ in the United States.
Its VIE architecture was imitated by later marketers, and was simply called the "Xinlang Architecture" by many people, which had a great pioneering influence.
It is also the first domestic commercial website qualified to publish news, and one of the first websites to obtain a telecommunications and information service business license.
Xinlang has the highest stock price, the most users, and the deepest influence among the three major portals. It can now be well-deservedly called the "Leader of Chinese Portals."
Daily Morgan wants to acquire a large amount of shares in Xinlang. What is it going to do?
For a time all eyes were focused on Xinlang.
Everyone in the industry knows that it has an ‘anti-hostile takeover clause’, which is also commonly known as the ‘poison pill plan’.
Just as the situation was heating up, Morgan Stanley Asia held a press conference at the Shangri-La Hotel in Hong Kong, announcing that they were optimistic about the future of China Concept Stocks, but had no intention of controlling Xinlang, and would not pursue more Much equity.
As the news spread, many new sell orders suddenly appeared on the market.
Xinlang, who was originally close to five dollars, turned around and jumped down.
Four dollars, three dollars, and in just one week, it fell back to two dollars.
Obviously, those venture capital investors who held shares in Xinlang chose to sell when they could not see the future.
While everyone's attention was attracted by Morgan Stanley and the rise and fall of Xinlang's stock price, no one noticed that there was an institution called Hongyan among Xinlang's shareholders.
——
Ideal Building, Xinlang Headquarters.
The conference room was filled with smoke.
Jiang Fengnian sat at the top of the table, frowning. He hated smoking while working.
But unfortunately now Xinlang has fallen into the hands of Duan Yongji. Originally it was just Wang Yan and Mao Daolin, but now after acquiring 29% of the equity of Sunshine Culture, Wu Zheng has been added.
The latter has become more and more powerful and has become the behind-the-scenes controller of Xinlang.
“With great ambition and 23.9% of the shares, I suggest that the poison pill plan be implemented immediately.” Wang Yandao.
"I disagree. Morgan Stanley has sent us a letter stating that it has no intention of controlling Xinlang, and after holding 23.9% of the shares, it has not made further moves. If a poison pill is implemented, it will be a fuss.
And having offended the world’s most powerful investment bank, Xinlang’s equity may become increasingly difficult to trade on Nasdaq in the future,” Wu Zhengdao said.
“Do we have to wait until Morgan Stanley holds more than 34% of the shares and completely lock us down before we take any action?” Wang Yan said angrily.
"Mr. Wang, I think you don't need to worry. Morgan Stanley is not a domestic institution. As a US investment bank, the state cannot let him control the country's largest portal. This is a matter of principle." Jiang Fengnian said slowly.
When everyone heard this, their expressions calmed down.
That’s right.
No sovereign country in the world would hand over its own public opinion channels to the control of other countries, especially not in China.
“So, we don’t have to worry about Morgan Stanley acquiring Xinlang. Even if we are willing, the country won’t.”
After a pause, Jiang Fengnian continued.
“In contrast, I am more curious about this Red Rock Fund. Some time ago, Morgan Stanley attracted more attention, but we did not notice it. Only now we discovered that it is second only to Morgan Stanley. It is the institution that holds the second largest share of Xinlang.”
In the original shareholding structure of Xinlang, Huacheng held the largest share, with 13.5%; followed by Sitong Lifang, with 10%; Hongmeng holds 8.7% of the shares.
There are more than a hundred shareholders left, and the equity is very dispersed.
Now, the largest shareholder in Xinlang is Morgan Stanley, with 23.9%; followed by Hongyan, with 11.7%; and then it is Sitong Lifang’s turn.
Just when everyone was curious, Wu Zheng suddenly said.
“When I was in Xiangjiang, I heard that the boss of Hongyan Fund is Xu Liang, currently the richest man in the Mainland.”
Thanks to the book friend 'Feng Yi Leng' for the 200 starting coin reward, it is very Thanks
(End of this chapter)