Chapter 637: A Huge Acquisition Plan
"Oh?" Long Yu's eyes flashed, and the expression on his face was elusive, "Leo Porter really doesn't plan to ask for the Huaxia Market?"
Before, the global mall had already had an obvious strategic contraction, but now it has to deal with the assets of the Huaxia branch, which makes Long Yu unexpected.
After all, Leo Porter is not an ordinary person, this person is extremely strong, and it is so simple to admit defeat, which makes Long Yu feel a little unsteady.
"I think this is related to their global strategy, now they are preparing for the listing, the Huaxia market has become a drag on them, if they can't effectively occupy it in the short term, it is better to give up completely, which is beneficial to their valuation before listing, so it is reasonable for Leoper to choose to give up the Huaxia branch. Xu Jinlin said.
"That being said, but the assets of the Huaxia branch of the Global Mall are also quite large, even if there is a depreciation now, one billion is indispensable, such a large asset scale, I am afraid it is not so easy to find a receiver. Long Yu said.
Of course, Long Yu knows what it means to acquire the assets of the Huaxia branch of the Global Mall, and if Baibao Group can acquire these assets, then it will be able to dominate the entire Huaxia e-commerce field in an instant, and the competition of Taotao is not to be feared at all.
After all, the combined market share of the two companies has reached 80%, which is enough to form a decisive control over the market.
This will definitely be a fatal blow to the rising Taotao.com, and may even kill the entire e-commerce business of New Dream Group.
Thinking of this, Long Yu's interest is also unprecedentedly high, after all, Baibao Group is different from New Dream Group, it is an Internet company that focuses on the field of e-commerce, if it cannot form a strong control force in the field of e-commerce, it is impossible to compete with New Dream Group in other fields.
Now the core of his attention is the quotation of the global mall, such a huge asset in the Chinese market, if you want to buy it all in one go, Baibao Group may not be able to do it.
"In terms of price, Global Mall will also take into account the affordability of buyers in the Chinese market, and will not ask for a particularly high price, and may replace cash with some other conditions, such as equity transactions, special business conditions, etc., which can be negotiated. Xu Jinlin said.
Long Yu could see that Xu Jinlin was very keen to facilitate this transaction, on the one hand, as one of the important shareholders of Baibao Group, which was closely related to his interests, and on the other hand, because of his hostile relationship with Li Feng. So it is quite appropriate to let Xu Jinlin act as an intermediary to coordinate this transaction.
"Okay, Lao Xu, I hope you can make more efforts in this matter, if our Baibao Group can successfully acquire the global mall, then we will completely occupy a monopoly position in the field of Huaxia e-commerce, and the growth prospects of future performance are bright, but now the group's cash flow is not enough to acquire such a large asset as the Huaxia branch of the global mall, we must come up with a more reasonable plan." Long Yu said, "At the same time, I also hope that the Global Mall can realize this big deal in a variety of ways, and it is best to give us a certain degree of discount in terms of cash." ”
Cash flow is very important for a business, although Baibao Group now has sufficient cash flow, but it is completely impossible to use real cash to acquire the assets of the Huaxia branch of Global Mall, even if it is very difficult to take out 30% of the total.
Moreover, looking at the entire Chinese market, there is no Internet company with such a large amount of capital, and in essence, the global mall cannot find a home in the Chinese market. Therefore, if you want to sell the assets of Huaxia Branch, you must either split and sell them, or take part of the cash plus equity.
"There must be a discount, such a large asset scale, if it is not split and sold, I am afraid that no Internet company can afford it, and the same is true of Baibao Group, so since Leoper proposed the idea of selling, then he must also think of the basic principles of the transaction. Xu Jinlin said, "In addition, we at Dahua Fund can also add some help to you, if this transaction can be carried out, then we can raise at least 200 million yuan to assist Baibao Group's acquisition plan." ”
As the largest private investment fund company in China, Dahua Fund is still much higher than Baibao Group in terms of liquidity, and Xu Jinlin tasted the sweetness by investing in Baibao Group, and now he takes the cooperation with Longyu as the company's top priority, so this time he does not hesitate to withdraw 200 million yuan of liquidity to support the acquisition plan of Baibao Group.
"If that's the case, then we're going to have a lot less pressure to buy. Lao Xu, thank you for your great help, as long as this acquisition is successful, I am afraid that there will be no more objections to you within the group, and I will nominate you as the vice chairman of the board of directors of Baibao Group at that time. Long Yu said.
If the assets of the Huaxia branch of Global Mall can be successfully acquired this time, it will undoubtedly be a huge victory for Baibao Group, which not only clears up a threat, but also strengthens itself.
Xu Jinlin will play a very key role in this acquisition, and will even determine whether the acquisition can be successful. At the same time, the 200 million yuan injected by Dahua Fund will also alleviate the urgent need of Baibao Group.
Therefore, if the acquisition is successful, Xu Jinlin's contribution to Baibao Group will be very large, and at that time, let him be the vice chairman of the board of directors of Baibao Group, and no one will raise any objections.
"Haha, well, I also hope to work for Baibao Group more, I am very optimistic about the development potential of the group, and then Dahua Fund Company will definitely invest more resources into Baibao Group, not only funds, but also more channels, advertising, contacts, etc., I believe it will provide more help for the future development of Baibao Group." Xu Jinlin's face was flushed.
"Okay, after becoming the vice chairman of the board of directors, you have a real identity within the group, I can entrust you with a lot of things, and there will be a lot of places where you can play a role. Long Yu said with a smile.
Investing in Baibao Group can be said to be the wisest choice since Xu Jinlin made an investment, and now through this investment, Dahua Fund continues to sit firmly on the throne of the largest venture capital fund in the Chinese market, and the company's overall asset value has reached 10 billion, but it is the shares of Baibao Group, and the current valuation is already in the range of 1.5 billion to 2 billion.
Therefore, expanding Baibao Group is of great help to Xu Jinlin's industry status and total wealth, and more importantly, it can suppress Li Feng.