Chapter 489 Bad intentions (seeking monthly pass)

Hongkong.

  The 49th floor of the second phase of the Central International Financial Center.

  Meeting room.

  Xia Jingxing is receiving a group of foreign guests, headed by a white man in his fifties with white temples.

  He and the old white man sat on either side of the long table and looked at each other.

Next to Xia Jingxing, there were Li Ying and Duck Neck, and beside the old white man, there were also a few entourages in suits and leather shoes.

   "Mr. Becker, I heard that you were visiting Asia and just arrived in Hong Kong, so I invited you to come over for a while.

   Let me just say it straight, Envision Capital is interested in the Penguin shares held by Naspers Limited. "

  MIH Millard International Holdings Co., Ltd. is a wholly-owned subsidiary of the South African newspaper industry.

  The real main body of the South African newspaper industry/South African media is the multinational media group Naspers Limited. This is a company established in 1915 and listed on the Johannesburg Stock Exchange in South Africa in September 1994.

  The old white man in front of him is the largest individual shareholder and CEO of Naspass, named Cous Becker.

   is the one who can call the shots!

  At the time when Wang Dawei invested in Penguin, it was also approved by this old man.

  I heard that the other party was in Hong Kong, Xia Jingxing immediately invited the other party to meet to see if there was any cheaper.

   Becker has basically guessed the purpose of Xia Jingxing, and shrugged with a smile, "Mr. Xia, I can only say sorry to you. Penguins are not for sale."

  Xia Jingxing completely sneered at this. If there are any non-sale items in the world, you can't see that it is affordable.

  "Mr. Becker, at the time MIH spent more than 30 million US dollars to buy the equity in the hands of Yingke and IDG...

   Now Penguin has also been listed for more than a year. Compared with the issue price of 3.7 Hong Kong dollars, the stock price has risen very little. "

   Becker shook his head and laughed, "Mr. Xia, Penguin's current stock price can be maintained at 8-9 Hong Kong dollars, how can it be said that the increase is small?"

Xia Jingxing said indifferently, "Penguin was listed on the Hong Kong Stock Exchange in June last year. It has been almost a year and a half now. A doubling of the stock price is not considered high. Compared with the US-listed Chinese concept stocks, it is even worse. Far."

   Becker smiled, "We are not greedy, we are already satisfied, and we are optimistic about the development of Penguin for a long time."

  "MIH originally held 50% of Penguin's equity, but after the listing dilution, there is still 37.5%. According to Penguin's current market value of 14 billion Hong Kong dollars, this equity investment has earned more than 5 billion Hong Kong dollars, with a return rate of more than 20 times."

  Xia Jingxing said with a smile, “According to the logic of venture capital, it’s time to withdraw. After all, it’s venture capital, not a hedge fund.”

   Becker waved his hand, "Mr. Xia, you may not understand MIH. This is a wholly-owned subsidiary of our Naspass. We invest with the company's own funds and do not raise funds from outside, so there is no pressure to withdraw.

  At the same time, we have also maintained very good communication with the Bonima team. We believe that they can definitely take Penguin to a higher height and create more generous returns for shareholders. "

  Xia Jingxing has a headache. In his previous life, MIH has been persistent to Penguin for 20 years, which is why he was limping in a few words.

  Of course, I also blame Xiao Ma for being too capable. After Penguin went public, the stock price has risen steadily.

  Change him to be a Penguin shareholder, and he will not sell the golden rooster that lays the egg.

  Although there are MSN challenges, SP business being regulated, and the development of Paipai.com, they are not important, especially when the cash cow of the game business matures, Penguin’s stock price has completely taken off.

  "The shareholding ratio is too high, and the risk is too concentrated. For example, selling 10%, 15%, controlling the position, taking the money to invest in some emerging technology companies, and diversifying the investment risk may be a better choice."

  Xia Jingxing smiled and looked at the old white man on the opposite side, and slowly said: “We can acquire the equity of Penguin transferred by MIH at a premium of 20% on the basis of Penguin’s closing price today.”

   Becker shook his head and looked completely disinterested, “Mr. Xia, you don’t have to persuade you anymore. We will never sell Penguin’s equity.”

  "What about 50% premium?"

  Becker and Xia Jingxing looked at each other, “Mr. Xia, as the founder of Facebook, don’t you want to integrate the Chinese social market?

  Let Facebook and Penguin become one piece and become the world's largest social company? "

  Xia Jingxing was stunned for a moment, he was really only looking for money and not hurting his life.

  But because he is the founder of Facebook, it is not surprising that the old man would think so.

   "That's not true. I have left Facebook now. I am only a financial shareholder. I have the same attitude towards Penguin, just financial investment."

  The old man didn’t believe Xia Jingxing’s pale and feeble explanation, and said with a smile: “Mr. Xia, if you pay a double premium, MIH won’t sell Penguin’s equity. Okay, so be it!”

  After that, the old man got up and pointed to the cup on the table, "Thank you for the coffee!"

  Then, leaving the conference room of Envision Capital with a group of entourage.

"what to do?"

  Li Ying looked at Xia Jingxing and asked.

  "What can I do? If I can't buy it, just call it and ask Liu Hai, how many penguin shares have been bought in the secondary market?"

  Xia Jingxing is not too disappointed. MIH doesn’t sell shares. Anyway, he has arranged to attract funds in the secondary market.

  Regardless of whether there will be a conflict of interest with Penguin in the future, there is no problem with buying Penguin stocks and holding them for a few years, and making a fortune.

  It’s just that Penguin’s public holdings are not many. Before the listing, the Penguin team and MIH each held 50% of the shares, and the listing issued 25%. Then the Ponyima team successively reduced their holdings.

  In the broader market, shares held by the public account for less than 30% of the total share capital.

Liu Hai’s Lixia Fund has bought more than 40 million Penguin shares last year, accounting for about 2.6% of Penguin’s total equity.

After the Bailu Fund was set up, he arranged for Liu Hai to divide multiple accounts and buy Penguin's secondary market stocks in batches.

  Calculating time, it's almost two months in the past.

  The reason for such a small amount of money is that it will cause too much market turmoil, which will lead to the take-off of Penguin’s stock price and high holding costs.

  Li Ying left the meeting room and called.

   After a while, she came back and reported: “83.83 million shares have been bought, accounting for 4.99% of Penguin’s total equity, and more will be disclosed.”

   "Okay, let him disclose and continue to buy."

  Li Ying hesitated for a moment and reminded: "After the disclosure, the stock price may soar."

   "It doesn't matter, as long as it does not exceed 20 Hong Kong dollars, you can buy as much as you can."

  Li Ying nodded, "Okay, I'll tell Liu Hai right away."

  …………

  …………

  Pengcheng.

  Fiyta Building.

  In a meeting room.

  The ashtray in front of a man in his thirties wearing gold-rimmed glasses is full of cigarette butts.

  The man pinched out one cigarette and was about to click on the second one, but was dissuaded by a man next to him with a bald hair.

   "Boney, don't smoke, it's not as serious as you think. As long as MIH is on our side, Envision Capital cannot initiate a hostile takeover of Penguin.

Didn't Mr. Becker say that? Xia Jingxing was willing to double the premium, but he did not agree to sell Penguin's equity. Instead, he even ran to tell us the news and let us be prepared.

  It can be seen that MIH is on our side.

  The combined shareholding of both of us exceeds 70%, and the external public shareholding is less than 30%. Even if Envision Capital buys all the external shares, it will not take away the control of Penguin.

  On the contrary, as long as they dare to make a big deal in the secondary market, the stock price will inevitably skyrocket. Then we will give him more information to see how much money he has to scan the goods. "

   Bonima threw up a circle of eyes, "Maybe I think too much, you said, why did Xia Jingxing miss us penguins?"

  Liu Zhi spread his hands flat, “Perhaps as Mr. Becker said, he wants to build an ambitious global social empire.”

  "Penguin doesn't welcome people like him, Martin, go and set it up!

  We have to entertain this guest from afar this time! "

  Liu Zhiping smiled, “Don’t worry, this battle is pretty stable. It can only be said that they had the wrong idea and wanted to pinch a soft persimmon, but they got a hedgehog.”

  (End of this chapter)