Chapter 883 Frustration Conspiracy

   That night, three game companies, Shanda, Jiucheng, and Penguin, gave Xu Min a definite answer, saying that they would withdraw from the bidding acquisition tomorrow.

  The reason given is also very legitimate. We have never heard of the fact that we have to pay a deposit of 20 million US dollars to participate in the auction.

  It was Xu Min’s turn to panic next time. No matter how dumb he was, he also reacted. These three companies are here to make trouble, at least not sincerely wanting to acquire Neople.

   After cursing "Axi," Xu Min wondered how to reply to Li Yaozu, can't it be said that you are bidding with yourself?

  After this experience, Xu Min has at least understood one thing. Compared with the other three companies, Hainei.com and Envision Capital are undoubtedly the most sincere acquirers, and they have also acquired a Korean counterpart, Shimankai.

  After thinking for a while, Xu Min called to Chief Cui, who was in the evening, and contacted Li Yaozu and Wu Yimin by telephone to inform them of the relevant news.

   "What? Shanda, Ninetowns, and Penguin have all withdrawn? Tomorrow our company will perform a one-man show?"

Li Yaozu's tone was ostentatious, he was shocked at first, and then he became angry again, "I think you are trying to make us play, right? You found the three game companies, and now you are the ones who say that they don't play anymore. Let's join together to act for us, right?"

  Wu Yimin gave Li Yaozu a thumbs up, this momentum is enough, offensive and defensive changes instantly.

  Li Yaozu smiled at Wu Yimin, and said in his heart that Mr. Xia is really good about things, and those three colleagues are really harming others and doing things that harm others and themselves.

  In fact, Li Yaozu really wronged the three companies. He was sure to hurt others, not necessarily against himself, but the plan failed.

  Faced with Li Yaozu’s questioning, Mr. Cui kept apologizing on the phone and said that he would cancel tomorrow’s bid and negotiate one-on-one.

  "Forget it! You have too many tricks, the Mingxiu plank road darkens Chen Cang, two peaches kill three people, empty city planning...

   Thirty-Six Strategies and Sun Tzu's Art of War are all spent by you! There are too many routines!

  If you are really sincere, why do you play so many tricks? Okay, that's it, no more talk, we will return to China tomorrow. "

  Positioned, Li Yaozu hung up the phone without waiting for Xu Min and Chief Cui to respond.

  Li Yaozu sighed for a long time and scolded these self-righteous sticks. It was too much fun!

  You are still showing off the art of war in front of the Chinese, then you will meet your ancestors!

   "Lao Li, enjoy it! I was upset after seeing Ta Ma, the Korean sticks, and wanted to pinch us, but I don't know Mr. Xia has seen everything through." Wu Yimin praised from the side.

  Li Yaozu nodded. After receiving Xia Jingxing’s "remote micro-operation" instruction, he was actually a little nervous, for fear that Mr. Xia had predicted the wrong situation.

  Far away, there is a "big send dynasty" to give the formation plan, and there is Chang Kaishen, a master of micro-management, all of whom have lost their teachers and insulted the country.

  Xia Jingxing is not in South Korea and has no idea about the situation here, but the result is still right. What does this show?

  Li Yaozu can't find a word to describe it. He can only say that Mr. Xia has thoroughly seen the three game companies. They are all stubborn people and three paper tigers.

   "You said, the Koreans will stop us tomorrow?" Wu Yimin began to be a little worried, "You were so determined just now, would you overplay it?"

  Li Yaozu chuckled, “Don’t worry, the substantial negotiation progress has not been achieved in the past half a month, but one thing is confirmed, Xu Min has no intention of running the company anymore...”

  Li Yaozu talked about the basis of his judgment. He discovered that Xu Min is an entrepreneur similar to Charles, and his life is very rich.

  After selling the company in his previous life, Xu Min went to the United States to become a professional baseball player. He seemed a bit unsuccessful. After playing for a few years, he returned to South Korea to start his own business.

  The next day.

  Li Yaozu dragged his luggage again and staged the one yesterday. As soon as he walked to the door of the hotel, he was stopped by Mr. Cui and Xu Min.

  After a few words on his lips, Li Yaozu half-pushed and half-heartedly followed.

  "200 million US dollars? No way, no way!"

After hearing Li Yaozu’s offer, Xu Min shook his head again and again, which directly cut off more than half of their 500 million U.S. dollar quotation.

  He plays so much, doesn’t he want to make more money to enjoy life?

   After confirming that the three game companies will not make trouble, Li Yaozu also began to become stronger. They can offer higher bids than other Korean companies, but they will not let Xu Min be a fat pig.

  The two parties have a see-saw negotiation around the price.

  Negotiations lasted for three days, and finally reached a plan to acquire 100% of the shares for 250 million U.S. dollars.

  This price is not too outrageous. Neople's revenue last year was more than 100 million yuan, and its net profit was about 100 million yuan. In terms of conversion, the acquisition valuation is 20 times the PE price-earnings ratio.

  After the transaction was finalized, Li Yaozu immediately called Xia Jingxing to announce the good news.

   "Okay, good job, reasonable price, I am very satisfied!"

After some encouragement, Xia Jingxing hung up.

   "Li Yaozu's phone number?"

   asked Chen Hong, who was sitting in the back of the car with Xia Jingxing, he had just vaguely heard the name of Neople.

   "Yes, it's time to talk..." Xia Jingxing briefly described the acquisition process and price.

  After listening, Chen Hong commented: "It's less than 2 billion yuan, which is not expensive. I thought it would cost three to four billion yuan."

   "If those grandchildren keep mixing, it is estimated that four billion yuan will not be able to be beaten."

  Xia Jingxing sneered in her heart. Why did Lao Wang get into trouble? It was not because of the drifting that he randomly intervened in Malaysia and got into troublesome forces.

  Chen Hong nodded his head and said with emotion: "That's true, or you can see it right. With just one move, these troublemakers were kicked out."

  He didn't believe in Xia Jingxing's judgment before, thinking that Xia Jingxing might have underestimated the determination of the three game companies, which might be counterproductive, and it turned out that he was wrong.

   "What do you think of their three pictures?"

  Xia Jingxing said lightly: "The agency is one of them, and the other is maybe I want to weigh me."

  Chen Hong smiled, "Zhang Fan and the others are unlucky. It seems that some people have not learned their lesson."

"Anyone who can sit on a listed company in China's game industry and online social networking is not easy to follow. Once you step into their territory and move their cheese, whoever you are? The richest man can't. Moved?"

  Chen Hong nodded and said yes, and then said: "I feel like they are in an alliance."

   "Each have a ghost in their hearts, what about alliances, it's not like a sieve."

  Chen Hong said lightly: "Nevertheless, you should be careful."

  Xia Jingxing nodded her head without saying a word, thinking in her heart how to get this slap back. The best way is to use games to make these three companies cry for their fathers and mothers.

"Oh, yes, the performance of Framework Media last year has already come out. The bet has been over-completed. According to the agreement, Focus Media will issue a batch of additional shares to us. Vision Capital can get 1.433 million ADS shares, at the current stock price of about $70. About 100 million U.S. dollars."

  Xia Jingxing calculated in his mind that after Frame Media was acquired by Focus, he received nearly 16 million US dollars in cash and more than 900,000 ADS shares of Focus.

That batch of stocks was sold by him at a price of 60 US dollars per share last year. With the addition of this one, the total investment income is about 172 million US dollars. Now the exchange rate of US dollar against RMB has dropped to 7.73. The revenue is approximately RMB 1.35 billion.

  50 million RMB investment, the rate of return is 27 times, which is not much different from the 30 times estimated by the industry.

   has been considered a very successful investment, but the exit period is as long as nearly two years, which is longer than the ten-month investment period.

  The exit of VC-invested companies after IPO is actually a matter of knowledge, and most institutions have cashed in hastily, and long-term holdings like SoftBank and MIH are few.

  Most VC institutions don’t actually know how to trade stocks, and they don’t have a dedicated secondary market department.

   So he simply asked the VC investment manager to do it for him, and casually sell shares in the secondary market. In many cases, he did not choose the right time to sell, resulting in a lot of less profit.

  They dispose of Focus's stocks fairly well, and they basically sold them at a high point, maximizing profits.

In the   Frame Media project, most of the profits were made by their Vision Capital, but the initiators Hanergy and IDG did not make much.

After saying a lot of thanks to Chen Hong, Xia Jingxing suddenly said: "Let’s invest 80 million US dollars, plus Hanergy’s 20 million US dollars, and then support financing of 200 million US dollars, in addition to paying for the acquisition of two Korean game companies. The required US$260 million and the remaining US$40 million will be injected into the two companies as daily operating funds."

   "I have no objection, you can arrange it." Chen Hong tanned his hands and didn't care about this matter very much.

  Xia Jingxing smiled. Originally, he was a little worried about the acquisition of Shimankai and Neople. Although Chen Hong has invested 20 million US dollars, he still needs to spend tens of millions of dollars.

  Don’t worry now, Focus Group’s stocks just fill the funding gap.

  This money was made by Chen Hong, and now he uses this profit to make money with Chen Hong. One drink and one peck, there is a fixed number.

  The two sat in the car chatting, and arrived at the destination of the trip—the Great Hall in a short while.

  Getting out of the car and sorting out the suit, Chen Hong said: “Some big leaders may want to leave you to talk in depth later, so don’t make any promises.”

"I know!"

  Xia Jingxing smiled, he is such a big person, and he almost has a district chief's father. He still knows a little bit about official things, knowing that he can't speak indiscriminately.

  (End of this chapter)