"Our institutional shareholders followed the trend of Central Huijin and lowered the valuation of LeTV's share price. China Merchants Bank and Agricultural Bank of China urged us to provide corresponding explanations as soon as possible or to add additional pledged loan collateral."
"Huawei sent an official letter to their mobile phone supply chain, asking each supplier whether they cooperate with LeTV mobile phones, and asking them to investigate related transaction risks."
When I woke up, my ears were filled with bad news again. The assistant spoke rapidly, like the noise of sawing wood.
Jia Yueting suddenly stopped, raised his head and squinted his eyes to look at the eastern sky. The sun was rising from behind the high-rise buildings. The light and the shadows of the large urban agglomerations were distinct, gradually dissolving into one.
"No matter how busy you are, you must remind him to eat and drink less." His wife Gan Wei told him.
The assistant nodded and responded. Jia Yueting looked away and interrupted: "Don't worry about me. You are busy with your business. Be careful when chatting with your friends in the entertainment industry."
The darling wife, who was ten years younger, didn't have time to use her usual coquettish tone and watched her husband leave quickly in the car.
Gan Wei smoothed her shoulder-length hair and waited until the driver drove her car to the door of her home. She sat in the car with her skirt down in an elegant manner, raised her left hand and clicked her fingers to take a photo.
[There is no winter that is insurmountable, there is no spring that will not come, fly against the wind and be born towards the sun~]
Check carefully that there are no typos, ignore the shiny manicure with diamonds, and zoom in on the edge of the background corner of the photo. The double R mark on the Rolls-Royce car window and the green landscaping of the villa community outside the car window are perfectly pictured.
No deliberate publicity but a low-key connotation, Gan Wei nodded her chin with satisfaction, swiped the screen of her mobile phone to refresh the circle of friends interface, and several red dots popped up.
Huo Siyan liked and commented that the quiet years are endless, baby you are the best; Qin Lan liked and commented that our girl is domineering and protects her husband, Mr. Jia’s heart will melt...
Gan Wei refreshed the interface again, but still didn't see Li Xiaolu's likes and comments. Among the sisters in the 'Teddy Sisters Group' they formed, she was the slowest to interact in the circle of friends every time, and she didn't know what she was busy with every day.
I put down the phone and raised my fingers to admire it for a while, then decided not to ask her to do a manicure tomorrow, and thought about what she didn't do well.
And Yang Mi, the little transparent girl in the sister group changed her attitude and broke off relations with her sisters after she became famous. She must be laughing now.
It doesn't matter, Lao Jia has gone through ups and downs over the years. At the end of last year, more people laughed at her as a noble lady than now. What's the result?
She is not a blind loser like Liu Tao. People who see the joke now and don't like her in the circle of friends will remember it and settle the score slowly in the future.
"Why is Huawei qualified to order suppliers?"
The car at the other end stopped on the street, Jia Yueting's eyes were thick with dark circles and his brows were furrowed.
Liu Hong got into the car with two cups of coffee and handed him one. He reported: "Of course they are not qualified. The purpose is to scare the suppliers from delivering goods to us. Meizu has not sent an official letter but is also secretly overlapping supplies with both of us." Shang says hello.”
"I called my friends on JD.com, and Meizu took the initiative to have a meeting with them and asked them to adjust the marketing efforts of the brand's self-operated mall."
Liu Hong poured a sip of coffee into his mouth and continued: "There are rumors in the public relations circle that there are big brands that are not short of money and want to pay rogue public relations to mess with us."
"Xiaomi?" Jia Yueting clenched the paper coffee cup in his hand.
Liu Hong was unsure and shook his head: "No matter who it is, their goal is to work hard for Double Eleven."
If you have too much debt, you don't have to worry about having too many lice and itching. Jia Yueting opened his mouth and said nothing. He didn't know what he could say that would be useful.
Meizu usually releases new main models in the summer, and releases flagship models and low-end models in September and October.
The front is just for the launch of Apple's new phone, but the positioning of the flagship model is not about shipments. It is like Murong Fu being hammered to the ground by Qiao Feng and urinating. Let's talk about it. The two of us compete against each other every year and are equally famous in the world.
This is the case with Pengci's bundled marketing, and low-end models are paired with the e-commerce Double Eleven promotion, taking the low-price butcher route.
Domestic manufacturers with rich product lines, such as Xiaomi and Huawei, are about the same, so LeTV has aggressively impacted the low-end mobile phone market with a subsidy of 200 yuan per mobile phone. This largely accounts for the periodic discounts between new models and older models.
So now the question arises. Meizu’s new low-end models have released increased subsidies, and other companies are eagerly preparing for Double Eleven. What should LeTV mobile phones do?
Without company, the decline in market share has led to sluggish brand valuations, and it has fallen into a vicious cycle in which the less money it burns, the less it can raise funds to sell and ship goods. After recruiting and following orders, suppliers shortened their account terms, putting LeTV's already in crisis. Financial cash flow is even worse.
“The main suppliers are still willing to support us.”
Liu Hong drank the coffee in the cup in one breath and reluctantly said: "I informed the mobile phone business to summarize the financial situation. Their book funds can survive Double Eleven and persist until the end of the year. Will you listen to the report later?"
"You look at the arrangements."
Jia Yueting is not optimistic. The main suppliers refer to several listed companies that have suffered from falling stock prices in the past. They have strong financial resources and the patience to maintain customers and continue to support LeTV mobile phones.
A large number of small and medium-sized suppliers have poor risk resistance, and some Meizu companies are sowing discord. It’s unclear what their attitude is now.
TV, sports and other businesses also faced this kind of situation. He originally planned to withdraw money from each business line that he was proud of and continue to use LeTV's cash flow to withstand the financial risks Xie Jingxing accused.
But now it seems that it is good for the seven major business ecosystems of the listed and unlisted systems to take care of each other. If every point falls into a state of continuous blood loss...
"Old Liu, I feel a little bad."
Less than half a month after the conflict with Xie Jingxing, Jia Yueting finally admitted his sense of crisis for the first time.
Liu Hong was stunned for a moment before he considered his true words: "Our stall is too big to defend, and Taihe Xiyou's financial entities have scattered investments, so it's difficult for us to attack."
"No, it has nothing to do with this. I'm just wondering what Xie Jing Xing wants?"
Jia Yueting concluded incomprehensibly: "He seems to have done a lot of things, shorting LeTV's assets, creating panic, and using administrative means to put pressure on our various businesses. But in fact, we are currently only under pressure on cash flow, and nothing else. Question.”
"He wants to collapse LeTV's cash flow and then rob our high-quality assets?"
Liu Hong was speechless. Even if LeTV was really in trouble, how could it be possible for Xie Jingxing to get high-quality assets at a low price due to the life-and-death hatred between the two parties?
He couldn't help but be alert, his mind was spinning rapidly and he was trying to analyze: "Cash flow, has Zhao Kai heard about the under-the-table transactions between Xingye, Huijin and Xie Jingxing?"
"You haven't reported it to me yet. Are you saying that Xie Jingxing acquired their shares in us?"
Jia Yueting vaguely guessed that the total of these two parts of equity is only a few percent, which is more or less, but it means that Xie Jingxing can forcefully enter LeTV through this method, which is very subtle and ambiguous.
Liu Hong's heart sank, and he completely felt the same as him. He changed his title unknowingly: "Old Jia, otherwise you let..."
"Boss, we're here."
The car stopped in front of a hotel villa, and the assistant sitting in the passenger seat quickly walked around to the back seat and opened the door.
Jia Yueting raised his wrist to check the time and pointed at the villa: "Are you coming together?"
"It's enough for you to answer him correctly. I have to go back to the company to have a headache." Liu Hong stopped talking and refused with a wry smile.
"Okay, let's take Mr. Liu back to the company first."
Jia Yueting patted the back of the driver's seat and told the driver, jumped out of the car and walked straight into the villa.
Liu Hong silently took out his mobile phone and put it down again. He returned to LeTV Building in silence all the way. He opened the car door and closed it again. Finally, he picked up his mobile phone and sent a message to his wife, asking her to take the children to Singapore for a few days.
The so-called bad feeling refers to the fact that Zhao Kai thinks he will survive the disaster, and even Gan Wei Mengmeng doesn't realize that the years are peaceful.
Xie Jingxing is using random offensive methods to cover up his true purpose. Under the surface of LeTV, it may be because he doesn’t want to bring down LeTV at all...
…………
"Old Jia, I've been waiting for you to come!" It was almost noon, the light in the villa was just right, and the thick smoke was floating like a fairyland. Zeng gritted his teeth with a forced smile, his cheeks bulging, and he pressed Jia Yueting's shoulders hard and sat down: "What's wrong with this kid Xie Jingxing?" What’s going on?”
"I didn't agree to his plan to invest in LeTV." Jia Yueting said lightly.
Zeng Qiang shook his hand and let the cigarette ash fall, blinking his eyelids and staring straight at him, as if to say, are you kidding me?
Is there anyone who has exposed the financial fraud and short selling, and brought the company to a state of ruin before investing in it? Even if there is, this must be considered a fucking force!
Jia Yueting asked calmly: "He acquired Galloping Horse last year. Do you know the specific operation process?"
"What should I say?" Zeng Qiang put out his cigarette butt and cheered up.
"Less than half a month after the death of Galloping Pony founder Li Ming, he made an acquisition, inciting Li Ming's sisters and wife to fight among themselves. Until two months ago, all three of them were kicked out, and Galloping Pony completely changed their surname to Xie."
Jia Yueting cited Xie Jingxing's crimes as an example: "Panda TV, Wang Sicong is the founder and holds 60% of the shares, but the company's surname is Xie."
“In the Weiying era, Tencent created its own platform, and Maoyan’s controlling shareholder was Enlight Media. As a result, Meituan and Xinda were fighting each other, and both companies were named Xie.”
"To be fair, he is a very powerful person. He only needs a video platform to realize the pan-entertainment industry concept proposed by Tencent and Alibaba in the past two years, not to mention that LeTV not only has a video platform."
Jia Yueting paused briefly and changed the topic: "But I don't like his business style. Don't you believe it? Xiao Wang is an investor in LeTV Sports. I asked him to come and have a chat."
"Ahem, what are you talking about? Of course I believe you..."
Zeng Qiang kept his doubts, but according to what Boss Jia said, Xie Jingxing was indeed a bit crazy and had a lot of criminal records, and the pan-entertainment industry layout could be completed in a blink of an eye.
But the problem is that LeTV itself also has major risks. The content of the short-selling report is 30% true, and it is a huge thunder.
"LeTV.com and LeTV Auto belong to different systems. You know this, Lao Zeng, so let's not worry about it today. Let me give you a nice word whether you vote or not."
Jia Yueting simply and swiftly counterattacked the entire army. At this point, he had nothing to explain.
Zeng Qiang felt a little stiff and said: "Don't worry, the investment terms have to go through the process."
"This is necessary. Let's sign a formal investment agreement today. I'll bring the contract for you to have someone review it. The follow-up process will be carried out slowly."
Jia Yueting set aside the tea tray in front of him and took the contract text from his assistant.
Zeng Qiang's expression changed, he crossed his arms over his chest and sighed: "Old Jia, you are no longer interesting."
"To tell you the truth, LeTV itself is in good health and will become ill if Xie Jingxing does this. Now I am in a hurry to use money to supplement my cash flow."
Jia Yueting was very magnanimous and said unceremoniously: "LeTV Auto has tens of thousands of acres of land, LeTV TV has nearly 10 million film and television membership users, and LeTV Pictures and LeTV Sports have hundreds of copyrighted IPs."
"Even if Xie Jingxing really defeats us, these high-quality assets are still valuable. Based on this alone, there will be no shortage of people with vision to invest in us."
He picked up the contract and walked away: "I made an appointment with Mr. Sun from Sunac. Let's meet another day."
"Hey, hey, Lao Jia."
Zeng Qiang stretched out his hand to stop him but failed to stop him. Jia Yueting's attitude was almost decisive and he walked away. He chased him to the door with his beer belly but it still didn't help.
When I returned to the villa, I was furious and smashed two tea cups. I was no longer as proud as Zhuge Kongming two days ago.
"Shameless, so shameless!" Zeng Qiang paced back and forth with his hands on his hips like a top spinning in place.
Xie Jingxing is shameless, using anonymous short-selling reports to treat people all over the country as idiots, Jia Yueting is even more shameless, LeTV is so bad, but he still has the nerve to pretend to trick him into joining the gang.
When signing the contract of intent on the last day of the holiday, LeTV asked for an increase in the cost of liquidated damages to prevent Xie Jingxing from making a big negative move, so Xin Gen ran away when the situation was not good.
Let's start with the ugly story. LeTV introduced Xingen as a shareholder with the intention of creating benefits and hedging the disadvantages. Otherwise, I wouldn't be able to give you various additional conditions, so if you are worried about risks, don't waste my time - Jia Yueting's original words.
Zeng Qiang, based on his dual judgment that Xie and Jia Wolong and Phoenix had no choice but to live and die, he was so fascinated that he agreed!
Intentional investment agreements are appended with a ‘breakup fee’ clause, which is often used in cross-border M&A transactions. The biggest difference from liquidated damages is that there is no upper limit on the amount.
Based on the losses incurred by LeTV due to failed transactions, a proportion of the total transaction amount is calculated.
In other words, the total amount of this transaction is just over 3 billion. If Xingen fails to break the contract and acquire shares, he will have to pay LeTV a breakup fee in proportion, and another liquidated damages.
The look Jia Yueting showed just now was that he was happy to see the deal fail and get a breakup fee.
"You are treating me like a fat pig, I am treating you like a fairy!"
Zeng Qiang felt dizzy after spinning for a long time and was about to suffer from high blood pressure. He quickly found a place to sit down and catch his breath.
Three days ago, Jingxing laughed at Jia Yueting for his incompetence, but three days later he was defeated on Huarong Road. The hills were filled with troops sharpening their swords and ambushing the pigs and sheep. It was impossible to live this day.
Zeng Qiang swallowed hard and wiped away the sweat on his head: "Go, hurry up and find out whether Jia Yueting really made an appointment with Sun Hongbin from Sunac?"
After all, he is the founder of a company with a peak market capitalization of RMB 150 billion. Now, he is being tricked and defrauded of hundreds of millions in liquidated damages. This shows that LeTV's cash flow crisis has reached the point where he is hungry and has no choice but to eat.
But this bastard was right. Even after Xie Jingxing suffered a set of explosive martial arts punches and was tortured to death, the market value was still more than 40 billion, and many high-quality assets were stuck there.
A financial thunderstorm blows the company to the sky. The bricks and tiles will not disappear out of thin air. At most, they will be broken into powder and exist in another form. No matter how hard you squeeze it, it will still weigh two kilograms.
"Xie Jingxing did me a lot of harm. Why didn't the sky with no eyes strike him to death with a thunderbolt!"
Zeng Qiang's pale lips trembled and he cheered up. He had to think of a way to pay hundreds of millions if he entered the LeTV Building and did nothing. If word got out that the old hunter would not be guaranteed.
…………
Threads of drizzle soaked the air, and the sky turned gray and rusty.
A black convoy of Escalades and Phantoms rolled over the water at the airport. A Gulfstream business jet full of mechanical feel was on the tarmac, with the name of the aircraft - Princess Consort - printed on its wings.
The motorcade stopped, and several large black umbrellas were held up. A young man in a windbreaker strolled forward with his hands in his pockets. A woman with a pregnant belly was supported by her entourage and followed closely behind.
"Sir, we look forward to serving you at any time." The white captain led all the crew members to greet him.
The young man nodded slightly: "MyLords.praybeseated."
"What an honor."
The white captain smiled knowingly, put one hand on his chest and bowed in greeting.
The gentlemen are seated as follows, a classic line from the Queen of England in formal ceremonies. If he were from England, he would find it offensive, but he is from Chicago, USA.
Damn you Brits, the young Chinese employer is so cool!
Rich Chinese who are often uneducated and care about life will not "risk" taking off and landing on a light rainy day, but this employer actually has a private jet driver's license.
"I'm back."
There was a flash of lightning at the end of the field of vision outside the porthole window. A ten centimeter square cyan jade seal was placed on the desk. He hung up the phone and filled the glass with golden champagne. (End of chapter)