Chapter 621: The Snake Swallows the Elephant

After listening to Wu Zhilin's words, Li Yan couldn't help but speak. After thinking about it, he said: "Then Boss Chen should still be hard-mouthed, right? If it were me, I would definitely not be able to suppress the feeling of panic! After all, whether it is speed or scale, the degree of escalation of the war is completely beyond his expectations, and the financing opponent from the market should be like having endless money in his pocket, and after a while they will be able to understand that although the capital of the coal boss in his hand can be dominant, his opponent has begun to attract the support of venture capital!"

"You are looking at the past from the perspective of the present, of course you can see it clearly and thoroughly, but what kind of situation is it if you stand in the situation at that time and look at the present?" Wu Zhilin smiled at Li Yanwei, and after saying this, he thought about it and then said: "At that time, Boss Chen had actually begun to regret that someone did not make a timely move for 30 million acquisitions, compared with the coal business, this kind of competition is really a bit bloody. In his words at the time, "It's like eating Xiang." ”

Li Yan nodded and muttered in a low voice: "Indeed, how much money do you have to burn? No matter how rich the coal boss is, can he be richer than Huaxia Financial Street?"

Li Yan didn't say the rest of the words, but both of them understood that the capital exerted its cold and cruel power, and the battle situation in the fiery battle was gradually clear......

Wu Zhilin pursed his lips and said slowly: "In an interview, the reporter asked Boss Chen if the winter of group buying had arrived. He thought about it and replied to the reporter: It's autumn, and it's not winter yet. In fact, I really felt cold at that time. The competition has reached that level, tens of thousands of families across the country, how much money do they have to burn to come in? I can't even think about it, he said to me that he was very scared, and wanted me to use the capital of the Demon Hunting League to help them!"

Li Yan was very curious, stared at Wu Zhilin and asked, "Then did you help later?"

Wu Zhilin did not directly answer Li Yan's question, but slowly recounted a side matter: "That year, he went to participate in an Internet forum. Looking at the dense crowd of three or four hundred people in the group buying branch, I was a little breathless. After a while, the CEO of Meituan came to the stage and loudly announced that Meituan had taken a new investment of $50 million, and opened his laptop to show the company's bank account on the spot, and when the cash reserves exceeded $60 million, Boss Chen and they were directly stunned. On the way back to the company from the venue, he kept silently thinking in his heart: I can't afford to play this game, so I won't play it. ”

"So you haven't been looking for financing from the Demon Hunting Alliance since then?" Li Yan seemed to understand something, and asked Wu Zhilin.

Well, when he came back that time, he immediately set about shutting down his group buying, stopping recruitment, laying off employees, and disbanding local branches. I heard that one day the coal bosses came to "inspect the war situation", but found that the office had become empty, and the number of people was less than one-third of the original number. Later, I heard him say that someone kicked the trash can directly. What about the people, what about the employees, what do you say?"

Li Yan really didn't want to guess, but after thinking about it, he still said, "Eighty percent said that he couldn't afford to burn, right?"

"Boss Chen did say so, many coal bosses said that they could still burn 100 million, but Boss Chen only responded to them with a wry smile!" Wu Zhilin sighed slightly after saying this.

Later, Boss Chen told me that he felt that it was the right thing to set up an investment company at the beginning, but if he could do it all over again, he would use the money to honestly do some catering business, and maybe choose to open a few grilled fish chains, but he would never go to the Internet again. Some businesses really can't be done if you have the money to do it. To put it bluntly, there is no gene. When Wu Zhilin finished saying this, he smiled at Li Yan's stall and said: "Those of them are actually not as tossed as you think, so now you want to go to Brother Hao and take out the money in their pockets, do you still think it is easy?"

Li Yan thought about it and frowned and didn't speak, what echoed in his mind was the words that Yun Ling said to him on the hospital bed.

"I'm ......" Before Li Yan could say anything, he heard someone knock on the door aggressively.

"Come in!" Wu Zhilin shouted at the door, and Li Yan saw Brother Xiang pushing the door with a fold of information in his hand and walking in.

Li Yan nodded at Brother Xiang, and Brother Xiang smiled. Then he handed the information in his hand to Wu Zhilin and said, "This is just sent, Mr. Wu, take a look." ”

"Okay, you go out. Wu Zhilin did not keep him in the room because of the relationship between Li Xiang and Li Yan.

Li Yan glanced at Wu Zhilin, who was holding the information in his hand, and said loudly: "Then I will go out first?"

As he spoke, Li Yan had subconsciously stood up. But Wu Zhilin raised his hand and waved at Li Yan and said, "You wait a while, I still have something to say to you." ”

After Li Xiang glanced at the two, he didn't say anything and turned to leave.

When the door was closed, Wu Zhilin turned his head to Li Yan and said, "I asked Li Xiang to sort out the recent backdoor data. Look at ......"

Li Yan took the information handed to him by Wu Zhilin and looked down. I saw the information in Ward Information: this is a small private equity institution with only 10 employees, and its subsidiary Keihin Fengli won the control of Rongfeng Environment through superb "financial skills" in June last year, relying only on more than 60 million yuan of its own funds.

Looking up at Wu Zhilin, Li Yan then looked down and saw: This legendary story circulating in the capital market has recently become a "warning record" for the transfer of control due to the "civil strife" of Rongfeng Environment and the "infighting" of Fengli Wealth.

Li Yan read aloud: "Since last year, the "shell trading" in the secondary market of China has been in full swing, and more than 70 listed companies have changed hands. Among them, many such capital that lacks financial strength, no industrial background, and insufficient operational experience enter the game in a hurry, which will inevitably lead to the end of "chaos and abandonment". ”

After reading this paragraph, Li Yan subconsciously raised his hand and wiped his forehead. I couldn't help but think of the operation of the Lin Teng system. Wu Zhilin is now showing himself this thing, and its significance is self-evident!

"Snake swallowing elephant," Wu Zhilin muttered quietly on the side.

"It's really magical, it only took 60 million yuan to acquire a listed company with a market value of 5.4 billion yuan. After Wu Zhilin said this, he said to Li Yan: "What do you think?"

Li Yan looked down at the information in his hand, and pouted slightly: "It's really magical, it is written here that a shareholder of a private equity institution recalls the process of the company's subsidiary acquiring control of Rongfeng Environment last year." He himself thought it was incredible. ”

Wu Zhilin nodded with a clear face and said: "In June last year, Rongfeng Environment announced that the company's original controlling shareholder had 37 natural person shareholders who transferred 91% of the shares to Jinbin, and the latter indirectly obtained nearly 30% of the shares of Rongfeng Environment. Then they calculated based on the closing price of the day before the suspension of Rongfeng Environment, its market value is about 5.4 billion yuan, although the transaction does not have much premium, but Jinbin needs to come up with at least nine hundred million yuan to close. But in fact, by enlarging the leverage, Jinbin only used 60 million yuan of its own funds in the end!"

Hearing this, Li Yan suddenly remembered that the little swallow and her husband were similar to each other in the cultural media.

Wu Zhilin said with a smile: "I learned that they found the funding party at that time, but they clearly asked to see that we had 200 million yuan in deposits before they were willing to put 700 million yuan in bridge loans." At that time, there were only 60 million yuan in the account, and it was very difficult to scrape together 200 million yuan. ”

Li Yan was a little stunned and asked, "What about later?"

Tsuhama has displayed superb "financial skills". Before the transfer of control, they had more than 30 percent of the equity of Rongfeng Environment, and then reduced their holdings by 21 million shares through block trading, and lent 1.5 billion yuan to Jinbin, which not only helped them pay part of the equity consideration, but also met the requirements of the bridge funders, and at the same time reduced the shareholding ratio to less than 30 percent, thus avoiding triggering the red line of the tender offer, which can be described as "killing three birds with one stone". Only half a month after taking control, they pledged all the shares they held in Rongfeng Environment and replaced the bridge loan of 700 million yuan. At the same time, after the acquisition, the 150 million yuan borrowed by Tsuhama was "internally digested". At this point, this "snake swallowing elephant" drama has come to a successful conclusion!"

%%%%

After listening to Wu Zhilin's words, Li Yan couldn't help but speak. After thinking about it, he said: "Then Boss Chen should still be hard-mouthed, right? If it were me, I would definitely not be able to suppress the feeling of panic! After all, whether it is speed or scale, the degree of escalation of the war is completely beyond his expectations, and the financing opponent from the market should be like having endless money in his pocket, and after a while they will be able to understand that although the capital of the coal boss in his hand can be dominant, his opponent has begun to attract the support of venture capital!"

"You are looking at the past from the perspective of the present, of course you can see it clearly and thoroughly, but what kind of situation is it if you stand in the situation at that time and look at the present?" Wu Zhilin smiled at Li Yanwei, and after saying this, he thought about it and then said: "At that time, Boss Chen had actually begun to regret that someone did not make a timely move for 30 million acquisitions, compared with the coal business, this kind of competition is really a bit bloody. In his words at the time, "It's like eating Xiang." ”

Li Yan nodded and muttered in a low voice: "Indeed, how much money do you have to burn? No matter how rich the coal boss is, can he be richer than Huaxia Financial Street?"

Li Yan didn't say the rest of the words, but both of them understood that the capital exerted its cold and cruel power, and the battle situation in the fiery battle was gradually clear......

Wu Zhilin pursed his lips and said slowly: "In an interview, the reporter asked Boss Chen if the winter of group buying had arrived. He thought about it and replied to the reporter: It's autumn, and it's not winter yet. In fact, I really felt cold at that time. The competition has reached that level, tens of thousands of families across the country, how much money do they have to burn to come in? I can't even think about it, he said to me that he was very scared, and wanted me to use the capital of the Demon Hunting League to help them!"

Li Yan was very curious, stared at Wu Zhilin and asked, "Then did you help later?"

Wu Zhilin did not directly answer Li Yan's question, but slowly recounted a side matter: "That year, he went to participate in an Internet forum. Looking at the dense crowd of three or four hundred people in the group buying branch, I was a little breathless. After a while, the CEO of Meituan came to the stage and loudly announced that Meituan had taken a new investment of $50 million, and opened his laptop to show the company's bank account on the spot, and when the cash reserves exceeded $60 million, Boss Chen and they were directly stunned. On the way back to the company from the venue, he kept silently thinking in his heart: I can't afford to play this game, so I won't play it. ”

"So you haven't been looking for financing from the Demon Hunting Alliance since then?" Li Yan seemed to understand something, and asked Wu Zhilin.

Well, when he came back that time, he immediately set about shutting down his group buying, stopping recruitment, laying off employees, and disbanding local branches. I heard that one day the coal bosses came to "inspect the war situation", but found that the office had become empty, and the number of people was less than one-third of the original number. Later, I heard him say that someone kicked the trash can directly. What about the people, what about the employees, what do you say?"

Li Yan really didn't want to guess, but after thinking about it, he still said, "Eighty percent said that he couldn't afford to burn, right?"

"Boss Chen did say so, many coal bosses said that they could still burn 100 million, but Boss Chen only responded to them with a wry smile!" Wu Zhilin sighed slightly after saying this.

Later, Boss Chen told me that he felt that it was the right thing to set up an investment company at the beginning, but if he could do it all over again, he would use the money to honestly do some catering business, and maybe choose to open a few grilled fish chains, but he would never go to the Internet again. Some businesses really can't be done if you have the money to do it. To put it bluntly, there is no gene. When Wu Zhilin finished saying this, he smiled at Li Yan's stall and said: "Those of them are actually not as tossed as you think, so now you want to go to Brother Hao and take out the money in their pockets, do you still think it is easy?"

Li Yan thought about it and frowned and didn't speak, what echoed in his mind was the words that Yun Ling said to him on the hospital bed.

"I'm ......" Before Li Yan could say anything, he heard someone knock on the door aggressively.

"Come in!" Wu Zhilin shouted at the door, and Li Yan saw Brother Xiang pushing the door with a fold of information in his hand and walking in.

Li Yan nodded at Brother Xiang, and Brother Xiang smiled. Then he handed the information in his hand to Wu Zhilin and said, "This is just sent, Mr. Wu, take a look." ”

"Okay, you go out. Wu Zhilin did not keep him in the room because of the relationship between Li Xiang and Li Yan.

Li Yan glanced at Wu Zhilin, who was holding the information in his hand, and said loudly: "Then I will go out first?"

As he spoke, Li Yan had subconsciously stood up. But Wu Zhilin raised his hand and waved at Li Yan and said, "You wait a while, I still have something to say to you." ”

After Li Xiang glanced at the two, he didn't say anything and turned to leave.

When the door was closed, Wu Zhilin turned his head to Li Yan and said, "I asked Li Xiang to sort out the recent backdoor data. Look at ...... "9110."