Chapter 493 Debt-to-equity swap (seeking monthly ticket)

  Seeing that Xia Jingxing seemed to want to test himself, Zhang Sanshi was very happy, and said with a smile: "First of all, it is definitely not an attempt to control the penguin and build a global social empire as the media speculated."

  Xia Jingxing's face was expressionless and did not speak.

  Zhang Sanshi continued: "I dare to guess, the same purpose as our Gaoling Capital is to make value investment!"

  Xia Jingxing still did not speak, and after looking at Zhang Sanshi for a while, he smiled and said, "What is the basis for your judgment?"

  "The basis of the judgment is very simple. Penguin’s equity structure is determined, and it cannot be the target of a hostile takeover.

  And Mr. Xia, you are a veteran of the capital market. It is impossible not to see this.

  There is only one possibility. After seeing the development direction of the Internet in the next few years, make a big bet on Penguin.

  The reason for choosing to make waves in the secondary market, I guess is that the management of Penguin and MIH do not want to sell the equity to you. "

  After finishing speaking, Zhang Sanshi added: "I just said it casually. If you make a mistake, please don't be offended by Mr. Xia."

  Zhang Sanshi is a cautious person, and his words are not leaking.

  Xia Jingxing smiled, did not comment on the other party’s inference, and asked: "You came to me today, shouldn't you just analyze Penguin stocks?"

  Zhang Sanshi boldly said: "I still want to find a fund of funds of Envision Capital to raise funds."

  Xia Jingxing laughed blankly, "Are you self-recommended?"

Zhang Sanshi did not have stage fright, and replied: "Yes, I think Mr. Xia, you are a very far-sighted investor. Whether you look at your past investment cases or say that you are heavily invested in China, you can tell that you are not. General vision.

  Although our Gaoling Capital has only been established for a few months, the scale of management is also very small, only the 20 million US dollars invested by the Yale University Foundation.

  But I have the confidence to build Gao Ling Capital into a high-performance fund that can bring huge returns to investors. "

  While saying this, Zhang Sanshi was also secretly looking at Xia Jingxing.

  He actually couldn't stand it anymore.

After Gao Ling Capital decided to invest in Penguin, Penguin's stock price took a roller coaster ride, first rushing to a high of 30 Hong Kong dollars, and then plummeting all the way to the current level of 7 Hong Kong dollars.

  Gao Ling Capital entered the market with 20 million U.S. dollars, and now it has shrunk less than 10 million U.S. dollars, and it is a mess.

  He is personally confident that Penguin’s stock price will surely rise back, but the morale of several co-founding partners is low, and they almost shout "divide the baggage".

  The Yale University Foundation also sent an inquiry letter. Although the wording is polite, the warning is full.

  In order to let Gao Ling Capital get rid of the current dilemma as soon as possible, he thought of Vision Capital, which also invested huge losses in Penguin.

  He believes that he can find a common language with Xia Jingxing.

  And, as far as he knows, Envision Capital has a fund of funds.

  Funds of funds, in fact, most of them invest in external funds to diversify investment risks.

  So, he went downstairs of the Envision Capital Company to try his luck.

  If Xia Jingxing doesn’t want to see him, then it’s okay to run for nothing, there is no loss.

  But if the other party has the same opinion, then he can't let go of this good opportunity for fundraising anyway.

  The analysis of Penguin just now is the "brick" he threw out, and now I want to introduce the "jade" of Chushu Fund.

  Like my own guess, this three-stone is just a fundraising idea.

  Xia Jingxing’s previous life has seen Zhang Sanshi’s start-up report that he invested in Penguins and earned the first big pot of gold in his life.

  The real first pot of gold was earned by playing the “sharing economy” when he was 7 years old. He set up a stall near the train station to rent out comics and comic books.

  It was 1979, and I don’t know if there was an urban management attack.

  Xun should not be afraid. His father is a civil servant of the Foreign Trade Bureau and his mother is a lawyer, so he should be able to cover him in the local area.

  Xia Jingxing thought for a while, and said: "Why don't you join Vision Capital? Gao Ling Capital only manages 20 million US dollars now, and I can give you 2 billion US dollars in management."

  Zhang Sanshi was stunned, and then shook his head, "Thank you, Mr. Xia, for your love. I still prefer to start a business.

  In fact, my mentor, Mr. Swenson, invited me to get to know the Yale University Foundation.

  Now I am 33 years old. People often say that when I stand at 30, I have reached the age to start a career. "

  Xia Jingxing was originally invited casually. The other party has already started a business. People who have been bosses are afraid that they are unwilling to stay low and be a little kid.

   "Okay, I don't force it, just write your analysis report just now, I will let the Shushu Fund invest you 20 million U.S. dollars."

  Seeing that Xia Jingxing paid out 20 million US dollars so readily, Zhang Sanshi was very happy and thanked him all the time.

   Then, Zhang Sanshi was going to tell Xia Jingxing about the charging mode of Gaoling Capital.

  Xia Jingxing stopped, "You can talk to the manager of Chushu Fund of Funds!"

  After that, Xia Jing walked to the desk, picked up the landline, and dialed a call to the duck neck outside.

  In less than two minutes, Duck Neck walked in.

  Xia Jingxing introduced the two to meet briefly, and asked Duck Neck to take Zhang Sanshi away.

   "Mr. Xia, thank you!"

Before leaving, Zhang Sanshi kept nodding to Xia Jingxing in thanks.

  Xia Jingxing's idea is very simple, to make a good relationship, by the way, take a look at how high Zhang Sanshi's rate of return is and whether he can surpass him.

  Now that the stall is getting bigger and bigger, there must be more vests.

  This point has to be learned like Lao Yinbi Gates. Waterfall Investment has invested in dozens of foreign funds, covering global industries like an octopus.

  Whether Bill Gates only has the assets on the wealth list, no one can tell, only he knows.

  ……

  ……

  The matter in Hong Kong came to an end, Xia Jingxing and Li Ying returned to the magic city.

  The 49th floor of Jinmao Building has been simply refitted, and the office has been officially opened.

  Xia Jingxing stood in front of the floor-to-ceiling windows, overlooking the rushing waves of the Huangpu River.

  Fu Jixun, standing behind him, began to report.

  "Dianping has been cleaned up. Except for Zhang Tao, the other co-founders, Kong Wei and Li Jing...all went out.

  In addition, Jingzhe Fund’s first investment of US$500,000 has been allocated to Dianping’s account. "

  Xia Jingxing turned her head and said with a smile: "Good job, hands up and down!"

  Fu Jixun smiled, "Such restless elements must be swept out, otherwise you won’t be relieved if you vote."

"Yes."

  Xia Jingxing nodded, and then asked: "Where is Zhang Tao, how is he emotional, do you have any big opinions?"

  Fu Jixun said slowly: "The opinions are not big, but we are a bit repellent of our new financing plan."

  "New financing plan?"

  Fu Jixun saw Xia Jingxing’s face confused, he knew how much the nobleman had forgotten, he clearly sent a work email, the boss also replied, it seems that he has forgotten.

  So Fu Jixun reminded: “Kong Wei and Li Jing have to buy back the shares of the people, and Dianping does not have that much money in their accounts.

  I proposed to raise 2.5 million U.S. dollars and invest more than 500,000 U.S. dollars in Dianping. Accordingly, Jingzhe Fund’s shareholding ratio increased from 25% to 33.33%. "

  Xia Jingxing remembered that Fu Jixun seemed to have reported this to himself.

   "What? Zhang Tao is not satisfied?"

  Fu Jixun nodded, “He felt that the proportion of equity in the first round of transfer was too much. He would like to raise 2 million US dollars, and the other 500,000 US dollars will be regarded as Dianping’s borrowings from us, and the interest will be calculated at 12% annual interest rate.

  When it comes to the B round of financing, you can convert priority debt into equity. "

  (End of this chapter)