Chapter 296 Boutique Investment Bank

  Xia Jingxing and Chen Tianqiao are chatting, Liu Hai and Shanda’s team are discussing insider trading in the conference room.

  The two parties must cooperate well, how does Vision Capital increase the volume, how Shanda takes over, how much each time it releases, and how to do it will not be discovered by Sina, and the stock price will not cause too much fluctuation.

  These things are verbal agreements, no documents will be signed, so as not to leave evidence.

  The financial circle is so dirty and commonplace.

  The Shanda team is very skilled, because before Envision Capital, they have successfully taken over the shipments of several other Sina institutional shareholders, and the cooperation is perfect.

   "Does Facebook accept financing?"

Before leaving, Chen Tianqiao looked at Xia Jingxing with a smile, and said something like this.

  Xia Jingxing laughed "Liao Lao". Didn't you look down on you, the richest man in China, because you can't afford to buy shares on Facebook?

  However, hitting people does not hit the face.

  Such words are absolutely impossible to say.

  Xia Jingxing said tactfully: “A round of financing should be arranged this year, and an invitation letter will be sent to Shanda at that time.”

  When Chen Tianqiao’s eyes lit up, he actually asked casually. After all, he was not familiar with Xia Jingxing, and he didn’t really want the opportunity to invest in Facebook.

  You can hear what Xia Jingxing means. It seems that he is willing to enter into a deeper cooperation with Shanda?

   Thinking of this, Chen Tianqiao not only floated up, but felt that his title of the richest man in China played a role.

  Although this title is sometimes stressful, Dai goes out to talk about business cooperation, it is very useful and has a halo bonus.

  "Well, then President Xia must send us an invitation letter."

  Xia Jingxing nodded and smiled, "I will."

  Xia Jingxing joins Liu Hai and Zhang Chenguang and prepares to leave Shanda.

  Chen Tianqiao very politely sent the three of them to the elevator entrance, and only waved away after the three of them got into the elevator.

  After opening a room at the Bund Hotel, Xia Jingxing opened a bottle of red wine and poured a glass with Liu Hai.

  Standing in front of the huge floor-to-ceiling windows, the two of them overlooked the Huangpu River and began to have a drink.

   "No hope, first reduce Sina's shares, Shanda also began to reduce its holdings in small amounts.

  After the official announcement of the merger and acquisition news, the grand meeting ushered in a good period. At this time, all holdings were reduced, and none of the shares remained. "

  The decisiveness in Xia Jing's jargon made Liu Hai a little surprised. The latter asked, "Do you think the acquisition might fail?"

   “Once the poison pill plan is implemented, Shanda’s acquisition costs will be pulled to a sky-high price. Shanda cannot afford to pay, and will not pay, and will definitely retreat.”

   Liu Hai nodded, “From the clues we have, after the acquisition news is made public, Shanda will definitely have a round of talks with Sina.

  If the price cannot be negotiated, Sina will definitely make a poison pill plan. This is almost beyond doubt. They will try their best to prevent Shanda’s acquisition. "

  Xia Jingxing shook his head lightly, "stop it with all my strength, this term is not appropriate."

   Liu Hai frowned, then stretched it out, and asked: "You mean, maybe talk about it again?"

  Xia Jingxing looked at the turbid Huangpu River, pointed and said: “Just like this river, there is no absolute cleanness, no black and white.

  In the final analysis, the picture is still an interest.

  Shanda announced the acquisition news, the purpose is to intimidate the people of Sina.

  This can be seen as a grand move.

  Sina’s move was to resort to the poison pill plan.

  At this time, the pressure fell on the side of Shanda.

  They will definitely negotiate again. "

   Liu Hai didn’t understand, “How can we conclude that they can’t agree with us after so many negotiations?”

  "I just chatted with Chen Tianqiao. He is now the richest man in China, which is the most complacent moment in his life.

  I tried to persuade him to make certain concessions, but I found that it didn’t work at all. "

  Xia Jingxing didn’t talk about how he discovered it, but Liu Hai already understood what he meant. He sighed and said, “It’s a pity, if the merger is successful, how good would it be?”

  Xia Jingxing nodded, "Not only did we see this, Morgan Stanley and several other hedge funds and mutual funds should have seen it too, and they will also lobby.

   But in the final analysis, whether the merger becomes or fails depends entirely on what Chen Tianqiao means. "

  Liu Hai smiled and said: “The President Chen, through his wife and younger brother, holds nearly three-quarters of the shares in listed companies, and his wealth is worth 1.5 to 600 million US dollars.

  Even if it makes concessions and merges with Sina on a one-to-one share swap, it should still maintain more than 30% of the new company and nearly 40% of the shares.

  If the market value of the new company rises to more than US$5 billion, Mr. Chen’s wealth will continue to grow.

  At the same time, the new company is still completely in his grasp.

  Moreover, with an additional portal website in hand, the connotation value and imagination of Shanda will be greatly improved. "

  Xia Jingxing shook his head, "From the perspective of the onlooker, of course we can easily say such a thing.

  If from the point of view of the parties, a company that I can buy for 1.2 or 300 million US dollars, why spend more than 2 billion US dollars?

  It spends more than one billion US dollars at the moment, and as the new company’s stock price soars, it may become billions or tens of billions of dollars.

  Chen Tianqiao is too self-confident and feels that Sina can be forced to give in. All his actions are based on this result. "

   Liu Hai nodded and smiled, “I understand, this kind of thinking is too deep-rooted, and it is indeed impossible to convince.

  Well, if the merger cannot be reached in the end, the stock prices of the two companies will be over, and we must withdraw early. "

   "That's right."

  Xia Jingxing felt that they had tried their best in this incident, and they could no longer expand their profits. They had no choice but to pay.

  …………

  …………

  The next day.

   Liu Hai stayed in the hotel and remotely controlled and directed the Envision Capital team to reduce shares.

  Xia Jingxing took Zhang Chenguang to visit Chen Hong, CEO of Hanergy Investment.

  Hanergy Investment is doing very well, with branches in San Francisco, Beijing, and Magic City.

  It happened that Chen Hongren was in the magic city, and he received Xia Jingxing graciously.

  Sipping tea in Chen Hong’s office, Xia Jingxing took a look at the luxurious office and said with a smile: “This is a different investment banking business. The office is very good.”

  Chen Hong waved his hand, "No, no, in front of your brother, what else do I put on.

  How can we be called an investment bank? At most, it is called an intermediary, a financial intermediary.

  Only those on Wall Street can be called investment banks.

  Limited by domestic regulatory reasons, we simply cannot develop into a large investment bank, and all our business has been taken over by brokers. "

  Xia Jingxing shook his head and laughed, "Goldman Sachs, Morgan Stanley, and other companies did not develop overnight. They have experienced decades of development and growth, and they have come to today step by step.

  Hanergy Investment, in the future, you can buy a brokerage license and do it yourself. "

  Chen Hong shook his head, "Undertaking, undertaking, and underwriting, each step requires a lot of resources, do you understand?

  I only returned to China the year before last. I had been in the United States before. In the domestic securities market, I hardly knew anyone. "

  Xia Jingxing nodded with a smile.

  Wall Street investment banks such as Goldman Sachs and Morgan Stanley have a very high status in the United States.

  The domestic investment bank is just a department under the brokerage firm.

  Chen Hong and their investment banks are even lower in status, but they have a reputation as boutique investment banks.

   is also called financialadvisor, abbreviated as FA, and its Chinese translation is called financial advisor.

  (End of this chapter)