Chapter 980

  In a spacious and bright conference room, Li Yaozu stood on the stage and played a group of PPT data, and introduced them while playing.

  "As of yesterday, the opening price of Penguin was 65 Hong Kong dollars and the closing price was 60 Hong Kong dollars. If calculated at the closing price, the total market value of Penguins reached 1071 Hong Kong dollars, which is equivalent to 13.8 billion US dollars.

  Bailu Fund holds 12.8% equity in Penguin, and its stock market value reaches 1.766 billion US dollars.

  For this part of stocks, our average purchase price two years ago was 12.61 Hong Kong dollars per share, and the total purchase price was 2.712 billion Hong Kong dollars, equivalent to 350 million US dollars. "

  At the time of introduction, Li Yaozu looked at Xia Jingxing, who was sitting by the window soaking in the sun, with a smile.

  Li Yaozu paused, and continued: “I remember that this deal was not favored by many people at the time, and I felt that Mr. Xia had missed you.

  Now we have used ironclad facts to slap these bad actors. It only took two years to create a return on investment of more than 500%. The investment case is a classic!

  Especially at that time, in order to buy as many Penguin stocks as possible, the Bailu Fund scrambled on the secondary market, which also resulted in a lot of premiums on the average purchase price.

  Even so, the absolute value of the return on this investment is more than 1.4 billion U.S. dollars, and when converted into RMB or Hong Kong dollars, both exceed 10 billion!

  Even if compared with Ari’s investment, it is not inferior. "

  Hearing this, the staff in the room cast admiring glances at Xia Jingxing, who looked calm and calm.

  It is no exaggeration to say that the Big Three of China’s Internet No. 1 camp have all been tainted by their bosses.

  The investment in Baidu is a little bit less. With the liquidation of Lixia Fund some time ago, these stocks have all been dumped, and the profit is not particularly large, only one or two billion US dollars.

  Two investments in Penguin and Ari, the company made a lot of money.

  Outside netizens are still struggling with the rankings of major Internet companies, arguing over who is the number one Internet player in China, but they don’t know that the real bigwigs have quietly grabbed the industry’s biggest dividend.

  Xia Jingxing put down the coffee in his hand and sighed: "Lixia Fund sold a little earlier, with more than 40 million shares. It was all cleared up at a price of 30 Hong Kong dollars a few months ago, and the profit was doubled."

  Looking at the boss’s regretful expression, Li Yaozu felt a little funny, “This is no way. The fund’s duration has expired. It’s impossible not to be liquidated, right?”

   "Of course liquidation is required, but shares can be distributed to LP directly!"

  Xia Jingxing smiled brightly and said, “It is up to LP to decide whether to sell or not. We don’t take cash for the excess income share, so we take stocks.”

  Li Yaozu nodded, "There is such an operation in the industry, but it is a little more troublesome to deal with."

  Xia Jingxing waved his hand, “The trouble is not terrible. The terrible thing is that we have been short for a few months and we have missed double the profit.

  If you are unlucky, it is possible to miss several times the return. "

  Li Yaozu smiled and said, “Yes, when you encounter such high-quality stocks, you really can’t jump off the train. When you get on the train at the next stop, the fare is completely different.”

Xia Jingxing smiled. More than three years ago, Lixia Fund invested more than 100 million Hong Kong dollars in Penguin when the fundraising was completed. At that time, Penguin was listed for less than a year, and the average purchase price was 3.76 Hong Kong dollars per share. After three years, I have earned eight or nine times, so-so.

  "Mr. Xia, Lixia Fund only holds 2.6% of Penguin's shares, and the reduction in holdings does not need to be disclosed.

  But our Bailu Fund is different. The shareholding ratio has far exceeded 4.99%. According to the trading rules of the Hong Kong Stock Exchange, it needs to be disclosed when holding down. "

  Li Yaozu smiled bitterly, “If we sell directly in the secondary market, it may be the same as two years ago, causing violent fluctuations in the stock price.”

  Xia Jingxing shook his head lightly, "You can't stay, you must reduce your holdings."

  Li Yaozu pressed the PPT controller in his hand, called up a picture, pointed and said: "At the end of last month, Penguin's stock price briefly rushed to a high of 72 Hong Kong dollars, and then fell back, hovering around 60 Hong Kong dollars.

  If we hit a large selling order, it is possible to hit the stock price to 30 Hong Kong dollars or 20 Hong Kong dollars. "

  Xia Jingxing frowned, "Contact and see if any organization is willing to take over by means of agreement transfer?

  Otherwise, you can contact Penguin and tell them that if we don’t take over, we will sell directly in the secondary market, and the market value will be beaten to the second and third tiers of the industry, so we can’t blame us and gave them a chance. "

  Li Yaozu felt that the boss's hand was so ruthless, he wanted to kill Penguin's management.

  Take it over, not so much money.

  As far as he knows, Bonima's shareholding in Penguins is only a little more than them, only 12.94%.

  Because there is a limit on the number of pledges of stocks, even if Ponimar pledges all the stocks in his hands, he cannot buy the more than 200 million shares held by the Bailu Fund.

  Don't take over, let the Bailu Fund sell publicly in the secondary market, it is easy to crash the Penguin stock price.

  It was hard to mix into the Big Three in the industry. Before they had time to settle down, they fell to the same level as Sohu.

  Sohu is now almost the same treatment as Baidu in the previous life. The down-and-out Internet giant has become the market value measurement unit of the new giant. For example, the market value of Ali is now approximately equal to 13 fox, and the market value of Penguin is approximately equal to 7 fox.

  When everyone else in the meeting room left, Li Yaozu asked Xia Jingxing, “Boss, what if Penguin doesn’t take over? Are we really hitting the plate?”

"How can it be!"

  Xia Jingxing shook his head and laughed, "It's just to scare them! The pony has been jumping very happily recently, and he has to beat me everywhere."

   "But I think Penguin's performance is growing very well? The stock price trend is also very good, so let's sell all of them like this?"

  Li Yaozu thought for a moment, and then said: "If we consider from the perspective of maximizing profit, we can actually consider selling in batches."

  Xia Jingxing glanced at Li Yaozu. The Bailu Fund was managed by the other party Bandao. Before this fund had been in charge of Li Ying, the other party was not very clear about some things.

   "Penguin and Hainei.com are rivals in the social field, and are also rivals with domestic games. After a while, the domestic holding group will launch a MOMO voice, and Penguin has QQTalk, a voice software..."

  Xia Jingxing listed the products that Penguin has a competitive relationship with domestic holdings, and smiled and asked: "Now you understand?"

  Li Yaozu nodded slightly. He thoroughly understood that the boss might have to take action against Penguin next, so he quickly cleared the stocks so as not to accidentally hurt his own people.

  Xia Jingxing did not explain too much. The reason why he decided to liquidate and deal with Penguin's stock was not that he planned to start with Penguin, but had already started.

  Because he cut off the three games of DNF and CF, and Xuanwu, Xia Jingxing dared to conclude that Penguin's game business would not start for a while.

  The performance cannot rise, how can the stock price rise.

   has not dealt with Penguin’s stocks before, because the Hainet.com has little impact on Penguin.

  But now Hainei.com has been upgraded to a domestic holding group, and is about to fight Penguin in various fields, so holding Penguin’s stock is not much fun.

  I have made more than 10 billion on the penguin. If all of this money is used to subsidize the penguin, will the horse be angry if he knows it?

  Xia Jingxing suddenly looked forward to this.

  …………

  …………

  In an office in the FIYTA Building, after listening to Liu Zhiping’s statement, Bonima was furious: “Don’t buy it! Let them sell it casually! It’s a deception!”

  Looking at Bonima, whose face became a little distorted because of his anger, Liu Zhiping softly comforted: "Pony, calm down. We must take this matter seriously."

  Ponimar had a cigarette in his mouth, and was about to light up two puffs to ease his emotions.

  When he heard Liu Zhiping's words, he became even more angry. With a "bang", he smashed the lighter to the ground.

   "Calm down? How can I calm down? When they wanted to buy Penguin stock, we have clearly expressed our unwelcome attitude.

  Ke Xia Jingxing is still cheeky and frantically buying our stock in the secondary market.

  We tried our best to put him together.

  I thought we won!

  As a result, they made five times the income!

  Now they are going to retreat, are we going to see them off? How can there be such a truth in the world?

  The robber ran into your house for two years, and he ate and took it. If he left, would you give the robber a gift? "

  Looking at Bonima with a sullen face, Liu Zhiping smiled bitterly, "What you said is all right. This is very awkward, and it feels uncomfortable to put it on anyone.

  But it is already an established fact. After the anger is over, we still have to find a way to deal with it. "

  "How to deal with it? No money!"

  Ponimar found a lighter again, lit the smoke, and a face was shrouded in smoke.

   Then he spread his hands, "It's impossible to pledge all my stocks to take orders? That's not enough!"

  Liu Zhiping pondered for a moment, "What if I ask MIH for help?"

  "Are you crazy? They already hold more than 30% of the shares, plus these more than a dozen points, they will reach the holding line."

  Ponimar shook his head repeatedly, "No, it must not work!"

Liu Zhiping sighed, "But Li Yaozu's mouth is very hard, saying that if we don't take over that batch of stocks, we will slowly reduce our holdings. If Penguin's stock price rises, he will sell it; if it falls, he will hold it, and so on. Sell ​​again when it rises up.

  He said that after two years of hard investment, the rate of return is unreasonable and is not better than that of Ari’s investment. "

  Ponimar said in a sarcasm: "It's really the kind of rascal style of Envision Capital! It's not a family, don't enter a family."

   Liu Zhi calmly said: "I have been colleagues with Li Yaozu for a few years, and he should just behave according to orders."

   Bonima sneered, “Xia Jingxing is such a despicable villain. There is no way to deal with Penguins from a business level, but only these three kinds of tricks.”

  Liu Zhiping said with a solemn expression: "No matter what method he uses, he has already made a move. We must quickly find a way to deal with it."

   After smoking a cigarette, Bonima was calmer now, and he kept hinting in his heart not to be angry, because when he was angry, he might fall into Xia Jingxing's trap.

  Maybe the other party is just waiting to get into the trap.

  "If we ignore it and allow Vision Capital to sell stocks in the secondary market, what do you think will be the worst outcome?"

   Liu Zhiping replied: “First of all, their holdings are too high. You have seen what happened two years ago. Once they sell off in large quantities, the stock price will definitely collapse.

  Li Yaozu told Xia Jingxing that he would hit our market value to 1 fox and 0.5 fox. "

"What's the meaning?"

  Ponimar had a black question mark face, "Beat us? Or confused?"

   Liu Zhiping shook his head and laughed, and patiently introduced Bonima to the new unit of market value measurement.

  After listening, Ma Huateng was directly angry, "Beat us to the level of Sohu? He is dreaming!"

  Liu Zhiping nodded, "I don’t think it’s possible to be so exaggerated, at most two or three foxes."

  Ma Huateng's mouth twitched, and two or three foxes were also intolerable to him.

  Thinking that he is diligent in starting a business, his waist has a problem.

  And Charles is happily like a fairy every day, if everyone achieves the same, then he still works hard?

  Liu Zhiping continued to calmly analyze: “If our stock price does not rise for a long time, it seems that it will not have much impact on the surface. In fact, it will not have much impact on the industry and its attractiveness to talents. Even the status of Nanshan Pizza Hut may be affected.”

  Pornima nodded slightly. As the boss of a listed company, how could he not pay attention to the stock price, but he just didn't want to admit it.

   "Even if you want to take over these shares, you can't let MIH take over all of them."

  Liu Zhiping looked at Bonima in surprise, why did he suddenly change sex?

   Noting Liu Zhiping’s gaze, Bonima said lightly: "You are right, you should still treat it with caution."

   Liu Zhiping smiled, and then the two began to negotiate the share of the takeover.

  "MIH can connect to a few points, and find a few institutions to connect to a few points..."

  Speaking of this, Pony Mart paused, "A few more points for our management?"

  Liu Zhiping was a little surprised, "Boney, would you like to pledge your own equity?"

  Ponimar sighed, "This is all for this, and I must bet on my entire net worth.

  If even our management is not confident, how can we persuade other institutions? "

  Liu Zhiping felt that it made sense. He broke the boat, didn't leave a way out for himself, and left his life to live. This is the real entrepreneur!

   Bonima's image in his mind instantly grew a lot.

  Ponima suddenly changed his conversation, "But, I have bought a few houses recently, and the money is a little tight, so I can only pledge half of the equity. You and other management also pledge to buy some shares, right?"

  Hearing these words, Bonima’s glorious image that was still in Liu Zhiping’s mind disappeared. After a long time of trouble, he still didn’t dare to bet on all his wealth?

  I thought about it again. If I was in the position of Pawnee, I might not dare to make such a big bet. Taking out half of the equity is already considered a lot of courage.

   "Okay, I pledge half of the equity granted to me by the company, and I will gamble with you with Pony."

   Hearing this, Bonima smiled with satisfaction. Over the years, he has been reducing Penguin’s stock to improve his life.

  It is really unnecessary to bet on all the net worth.

   Liu Zhiping said: “We will hold a senior management meeting later and call on everyone to pledge half of the equity.”

  Pornima waved his hand, "It's not mandatory! But those who are willing to work with the company, write it down, and give priority to promotion and use in the future."

  Liu Zhiping smiled and nodded, thinking this idea was a good idea, it was a loyalty test.

  …………

  …………

  Xia Jingxing waited from left to right in Hong Kong. After waiting for a week, he did not wait for a reply from Penguin.

   Just when he was about to reduce his holdings of several hundred million of stocks to shock Xiao Ma, he suddenly received a call from Tong Shijie.

   "Mr. Xia, Liu Zhiping has just invited the heads of several of our venture capital institutions to meet, and he wants us to take over the stocks transferred by Envision Capital."

   "What did he say?"

  "Liu Zhiping said that the sky is falling into the sky, what surpasses Ari, the plan to double the stock price, the game strategy...

  In short, in one sentence, you can’t lose money when you buy Penguin’s stock! "

  Xia Jingxing laughed, "How did Xiong Xiaoge think about it?"

   "A little tangled!"

   "What is entangled?"

   "IDG sold Penguin stock at a valuation of 60 million U.S. dollars in the past, and now it has bought it back at a valuation of more than 10 billion U.S. dollars. It's a bit embarrassing."

  Xia Jingxing thought it was entangled in the different positioning of funds in the primary and secondary markets, but this was the result?

   "Make money, it's not shabby."

  Tong Shijie snickered, "You know, this group of people takes face seriously and has idol baggage."

  Xia Jingxing was speechless, and then asked: "What specific conditions did Liu Zhiping promise, such as price?"

   "I was just trying to tell you this. Liu Zhiping said that it was 10% off yesterday's closing price, a 10% discount."

   "Fuck!"

  Xia Jingxing thought this was a bit too much, and was about to continue to complain, Li Yaozu knocked on the door and walked in.

   "Mr. Xia, Liu Zhiping invited us to meet."

  (End of this chapter)