Chapter 294

  Finally, the babes returned to the United States alone.

  Because the Facebook company has too much business, there must be a person to go back and take the overall picture.

  And Xia Jingxing took Zhang Chenguang and flew to the magic city together.

  The next day.

  At the Magic City Airport, Xia Jingxing converged on Liu Hai, who had rushed over from the United States.

  Looking at Liu Hai who was not in a good state of mind, Xia Jingxing smiled and cared: "Isn't there any rest on the plane? I think you are all dark circles.

   tells you to book first class. If you don’t book, you have to squeeze in economy class. "

   Liu Hai waved his hand, “It’s not a problem! It’s important to get things done, let’s go quickly.”

  Xia Jingxing patted him on the shoulder, and said with a smile: "Thanks for your hard work. When this matter is over, I will give you a long vacation."

  The three people got into a leased Mercedes-Benz S-Class. Zhang Chenguang acted as the driver in the front row. Xia Jingxing and Liu Hai sat in the back row and talked quietly.

  "Jingxing, you are well informed, and Shanda is indeed absorbing Sina stock from the secondary market.

  According to your instructions, we bought 1.2188 million shares of Sina at an average price of US$18.05 per share, which accounted for 2.41% of Sina’s total share capital.

  The position building work has been completed, and a total of 22 million US dollars have been invested.

  Currently, Sina’s stock price has soared to around US$28, and we have a floating profit of more than US$12 million. "

  When it came to the figure of 12 million U.S. dollars, Liu Hai looked extremely excited, and his slightly squinted eyes quickly widened again.

  For financial practitioners, there is nothing more exciting than watching the money in their accounts grow rapidly.

  He paused, unable to hide his excitement and continued to preach: “Sina’s shareholding ratio is very scattered. Even the largest shareholder Stone Company, their shareholding is not more than 5%, only 4.96%.

  In terms of our shareholding ratio, it has also squeezed into the top ten institutional investors of Sina.

  I think, because Sina's equity is dispersed, the newly promoted richest man in China wants to buy Sina! "

  Xia Jingxing nodded, “His online Disney dream also needs an online portal to complement the territory.

Among the three major portals, Sina's equity is the most dispersed, and it is also the best target.

  Don’t talk about him, how about Shanda? What are they doing now? "

   Liu Hai continued to report: "In the case of Shanda, after you tell us that we must continue to build a position, we will add mortgage loans and make additional investments.

   All the 22 million US dollars were spent, a total of 1.0368 million shares of Shanda were bought, accounting for 1.46% of Shanda’s total equity.

  The average purchase price at that time was 21.22 US dollars. Now Shanda’s stock price fluctuates around 30 US dollars, and the floating profit is about 10 million US dollars. "

  Xia Jingxing nodded. Since he remembered the "Poison Pill Project", he ordered Liu Hai and the investment research team of Envision Capital to start deduction and analysis.

  Finally, Envision Capital put out a total of 44 million US dollars to deploy the two companies, which is almost the limit of funds they can use.

  In just two months of investment, the book value has floated up to 22 million U.S. dollars, earning a 50% return.

  However, this is not the final rate of return.

  The final profit, you have to wait for the bag to be settled before you know how much it will be.

  "Because we are the joint shareholders of Shanda and Sina, Shanda found us and hoped that we would sell them all of the Sina equity in our hands.

  I see that Sina’s stock trading volume has been unusually active recently.

  I guess, besides us, Shanda must have contacted Morgan Stanley, the institutional shareholders of the two companies.

  The two sides cooperated very well, one side shipped the goods and the other side scanned the goods. "

   Liu Hai smiled and asked, “Do you think Sina’s management knows about this matter?”

   "Some people should be clear, deliberately pretending to be foolish, and excluding dissidents."

  Xia Jingxing has a very clear understanding of this incident that has left a strong mark in the history of China's Internet mergers and acquisitions, and its causes, processes, and results.

  Shanda contacted Sina in October 2004 to discuss the marriage.

  The bride price was not negotiated, and the bride was unwilling to marry, so Shanda directly overlord to bow.

   launched an internal operation called the "Lightning Project", quietly acquiring Sina shares in the secondary market, with the intention of launching a hostile takeover.

  At the same time, Shanda has also reached a tacit agreement with Sina’s various institutional shareholders, and even Sina executives have reduced their holdings during this period.

  Finally, the acquisition failed. In the final analysis, the price was not agreed.

  Vision Capital, as a joint shareholder of Sina and Shanda, Shanda naturally contacted them.

  At the same time, Chen Tianqiao said that he hoped to meet Xia Jingxing in person to discuss major issues.

  …………

  …………

  In front of Shanda Company.

  A chubby man in his thirties in a suit saw Xia Jingxing and his party appear, and greeted him with a smile, holding Xia Jingxing’s hand, as if he had met an old friend, and said with great enthusiasm:

   "President Xia, I'm sorry to bother you to fly from the United States. In the evening, I have already prepared a little wine for everyone."

  Xia Jingxing smiled, he and Chen Tianqiao actually met for the first time.

  Ke's attitude of welcoming and sending is not an ordinary person at first glance.

  As the richest man, he doesn’t put on airs and speaks like a spring breeze.

  Xia Jingxing was not embarrassed by the other party’s enthusiasm. He also held Chen Tianqiao’s hand and kept shaking, and said with a smile: “Mr. Chen and I have been in love with each other for a long time. Seeing you today, I feel very cordial...”

  As long as you are not embarrassed, it is others who are embarrassed.

  Xia Jingxing understands the truth well, isn’t it just thicker than anyone else, who have I been afraid of?

   Liu Hai and Zhang Chenguang looked straight behind.

  The two people who had just met Mingming actually became so affectionate.

  Sure enough, no one is ordinary people who can succeed in their careers.

  Xia Jingxing met with COO Chen Danian and President Tang Jun who stood behind Chen Tianqiao.

  Chen Tianqiao also did the same. He didn't put on the spectrum of the richest man, and shook hands with Liu Hai and Zhang Chenguang one by one.

After a few words of greeting, Chen Tianqiao greeted Xia Jingxing and his party into the meeting room.

   "Mr. Xia, I will be quick to speak. Vision Capital is also a shareholder of Shanda. Shanda has developed well and everyone can benefit from it.”

  Xia Jingxing unscrewed the mineral water on the table and took a sip, nodded to Chen Tianqiao, and said lightly: "Yes, because of this, we just came today."

  Chen Tianqiao looked at the other's quick actions and what he said, he almost knew it in his heart.

   So he began to paint a grand blueprint for the online Disney empire.

  Xia Jingxing didn't comment indiscriminately, and just nodded and smiled gently.

  In the eyes of outsiders, this is a very agreeable performance of Chen Tianqiao.

   "To complete such a magnificent blueprint, we still lack one thing, something that has the right to speak and traffic on the Internet."

  Chen Tianqiao stopped and looked at Xia Jingxing with a smile.

  "Are there any big problems, you have to blend it with the horse."

  Xia Jingxing’s words directly stunned Chen Tianqiao. After a while, he reacted and said with a smile: "Mr. Xia, you use the word wonderfully!

  Luma has not served as COO for a long time, the equity has been sold, and the director has resigned.

   and the princess live in seclusion in the United States for many years.

  However, your reminder is very good, so pay more attention. "

  A small reminder, Xia Jingxing has gained a lot of favor from Chen Tianqiao.

  In his opinion, Xia Jingxing still appreciates his online Disney handwriting very much, so he is very willing to match Shanda and Sina to merge.

  No wonder you can achieve some impressive achievements at a young age, but you have a different vision.

  The big framework was reached, and Xia Jingxing gave Liu Hai the rest of the communication details, so that the latter could dock with Shanda’s CFO.

  Because it was a raid on Sina, Shanda could not adopt slow and cumbersome stock acquisition methods such as agreement transfer.

  Shanda registered three companies, Skyline Media Co., Ltd., Skyline International Investment, and Shanda Media Co., Ltd. in the Cayman Islands, and used these three companies to secretly acquire Sina shares.

  At the same time, Shanda also has an affiliate.

  In this way, the absorption of shares by multiple companies can circumvent the obligation to disclose transaction information to the US Securities Regulatory Commission once the shareholding ratio exceeds 5% of the target company, and provide a cover for Shanda's hostile takeover.

  In another office, Chen Tianqiao also told Xia Jingxing that they plan to acquire 19.5% of Sina shares through these four companies, and then directly issue an announcement to the US Securities Regulatory Commission and the outside world.

   Success or failure in one fell swoop!

  　 is only two chapters, try to make up tomorrow, if not, the day after tomorrow.

  　　

  　

  (End of this chapter)