444. Want to take a stake? Sorry, I refuse
Yuanfang Group Financing?
Zhou Fangyuan was a little confused by Kus's words, didn't this old man come to invest in Tengxun?
But if you think about it carefully, it's not impossible that Kus suddenly had this idea, after all, this man is really legendary, and it is he who has led the South African newspaper industry back to life little by little.
Founded in 1915, the South African Press once owned only one newspaper and played an inglorious role during the dark years of apartheid in South Africa. Of course, the South African newspaper industry has solemnly apologized for this and started anew. This history has come to an end once and for all. In the future, the South African newspaper industry will be among the top 10 Internet companies in the world with a market value of about 60 billion US dollars. Zhou Fangyuan remembers very well that the total market value of a certain east is around 45 billion US dollars, and it has been squeezed out of the top ten in the future. The South African newspaper industry is the only world-class Internet giant whose headquarters are not located in the two Internet superpowers, United States and China. Among the top 10 Internet companies, there are six in China, three in China, and one in South Africa.
Kus Baker has never been a newspaper man, so he doesn't have any newspaper baggage or complexes. Although the South African newspaper industry has always been the largest and most influential newspaper group in South Africa, Kus Baker does not feel that it is necessary to stick to this glory, and he prefers to take the South African newspaper industry on the unknowable long march in the digital age, to find a broader world belonging to this era. He was very clear that the newspaper industry was going into decline. Since he joined the South African Press Group, he has been looking for a new sky and a new self for the South African newspaper industry. When it came time to take the power and determine his own direction, Kus Baker did not hesitate at all and went straight to the digital world at full speed.
In '97, MIH, the investment arm of the South African newspaper industry, started its own internet access service, M-EB. Steve Case founded Mi Guo Online in the United States, providing Internet access services in 85 years, Mr. Zhang founded Yinghaiwei in China, and set up a huge billboard on the streets of Zhongguancun with the words "How far are the Chinese people from the information superhighway? 1500 meters to the north!", in 95 years, and later, in 1997, M-EB was born and succeeded in South Africa, and the South African newspaper industry was eager to launch Internet access services in China.
Also in '97, the South African newspaper industry bought a 44.5% stake in OpenTV, a company that provides set-top box operating systems and related software. These businesses, which started out as successful and ended in failure, including Internet access services in China, lost $80 million in China alone, much more than the $32 million invested in Tencent. But in the beginning, these projects were gaining momentum. However, the abundant money brought by the pay-TV business has emboldened Kuss Baker to continue playing the game until he truly finds his home. During his 17-year tenure as CEO of South African newspapers from '97 to 2014, the South African newspaper industry invested in more than 100 large-scale Internet-related projects. There are only a handful of people who have truly succeeded.
Looking at the memorabilia of the South African newspaper industry after 1997, the investment, M&A activities are indeed dazzling. These activities are almost 100% related to digital television, satellite television, the Internet, and not to traditional newspapers. Coos Baker has never been interested in buying newspapers, and newspaper giants around the world, even long after the start of the digital age, as long as they have a little stinky money on hand, spend a lot of money to buy up newspaper assets, and then watch these newspaper assets deteriorate, and watch their money really stink.
Perhaps it is the foundation for the South African newspaper industry to find a place to survive in the digital age? Coos Baker's instinctive choice has indeed allowed the South African newspaper industry to avoid the trap that almost every successful newspaper group falls into: greedily acquiring newspaper assets, expanding physical fitness, size, and weight, and then being trapped by it. Kus Baker's early Internet investments were both successful and unsuccessful, with far more failures than successes in the 100 or so projects. All of these cases, if there is no very special one among them, have little special significance. One of the very special and very successful can only be the investment in Tencent. The total market value of South Africa's newspaper industry is almost equal to the total market value of its 34% stake in Tencent.
You must know that the total market value of the previous Tencent at the end of 15 years was 184.5 billion US dollars.
Needless to say, this story is known to everyone on earth.
In 85 years, the United States Forum Newspaper Group invested 5 million US dollars in AOL and earned 3 to 4 billion US dollars; in 01 year, the South African newspaper industry invested 32 million US dollars in Tencent, earning 3 or 40 billion US dollars, this figure is still expanding, according to the development momentum of Tencent, as well as the investment style of the South African newspaper industry, this profit figure will further increase. This record of return in a single Internet investment project, until Zhou Fangyuan's rebirth, is still a world record, beating all professional equity investment institutions. In its official documents, the South African newspaper proudly claimed that since the purchase of Tencent shares, the South African newspaper has only received dividends and has never sold a single Tencent stock. Even when Brother Ma himself was reducing his stake from time to time, the South African newspaper industry never wavered, no matter how Tencent's stock price soared all the way or fell sharply in an instant.
It is such a person, who is equivalent to single-handedly putting out the fire of the South African newspaper industry, and he has an unparalleled confidence in the Internet, so it seems that it is not incomprehensible that he has taken a fancy to the distant group. After all, compared with today's Tencent, Yuanfang Group is undoubtedly stronger and has a brighter future.
But will Zhou Fangyuan sell the shares of Yuanfang Group because of Kus's proposal?
Hehe, that's impossible.
Not to mention the future development of the Yuanfang Group, that is, now, the Yuanfang Group itself is not short of money to spend. Yuanfang Group has a healthy cash flow, and industry is the foundation, which brings a steady stream of income to Yuanfang Group across the country. The franchise fee of the franchisee, the annual management fee, the profit from the sale of semi-finished products, and the development of the agricultural field, these things are all for the Yuanfang Group to come to a good profit. In terms of the Internet, Alipay's handling fee, the turnover of Yuanfang Games, Yuanfang Media, Starting Point, Yuanfang Comics, and Yuanfang Network Manager...... And so on and so forth, almost all companies have entered the profitable stage, and it is nothing more than how much revenue there is.
Externally, he has Tengxun and Arri, Altos-Virtue and Blizzard, and Cao Yan really can't think of any reason for him to accept financing. If he really needs a large amount of money to invest, he can go to the bank.
After all, with the current momentum and scale of the Yuanfang Group, it is really not difficult to borrow money from the bank, or rather, the bank still wants them to take out a loan, if the repayment fails, these golden hens under Zhou Fangyuan's name belong to the bank, why wouldn't the bank do it? In this case, why should he accept Coos's shares? Only for those development funds? Is it necessary? Or does he need to get something from the South African newspaper industry? No, not at all, the weakening of the newspaper media is normal, compared with the traditional paper media, the network media is completely explosive in terms of portability and timeliness, and the only thing that can be used by paper media is feelings.
But the sentiment is also ridiculous to say, I'm afraid that only the older generation of readers, who have been accompanied by paper newspapers for most of their lives, and it is understandable that they have feelings for the paper media, but what about young people? Especially those young people who have been exposed to the Internet since childhood, will they have the slightest affection for the paper media? No. And having said that, it is not impossible for online media to become the feelings of these young people today in the future, it is just a relationship between the before and after.
Therefore, the future of paper media is already doomed, and as there are fewer and fewer readers, these media will either be transformed or directly eliminated, and there can be no third possibility.
After all, physical books are not the same as newspapers, and physical books will not be completely eliminated by virtue of exquisite printing methods, strong ink smell, and collectible attributes. And some physical books can't be found online, so physical publishing is still available. But the newspaper, forget it, Zhou Fangyuan was not interested, and he didn't think he could get anything out of it.
So since he doesn't need to get anything from the South African newspaper industry, and he doesn't lack money to spend, why should he accept financing? The Yuanfang Group is not a newborn calf, and it still needs the help of angels; now the Yuanfang Group has grown into a tree, and although it is not yet a towering tree, its ability to resist wind and waves is already very strong, and it no longer needs this kind of injection of foreign funds.
So in the face of Kus's proposal, Zhou Fangyuan shook his head with a smile, "Mr. Kus, your proposal is good, but I'm sorry, Yuanfang Group does not accept any type of financing at present, I'm really sorry." ”
He didn't say anything too ugly, everyone should save some face, don't make things too bad.
"Is that so? That's a shame. ”
Kus said helplessly.
He was just a whim, maybe he also felt in his heart that this thing could not succeed? So when Zhou Fangyuan rejected him, he only expressed regret and didn't show much performance.
"So now let's get down to business, Mr. Coos, you came to me, I think it should be for the Tengxun shares in my hand, I want to know, how much are you going to buy the shares, and how much are you going to buy?"
Zhou Fangyuan asked with a smile.
"I know Mr. Zhou, you have more than 30% of the Tengxun shares, my requirements are not high, I only hope to get 10% of it, the price is 15 million US dollars, I know Mr. Zhou, your initial investment is only a few million soft sister coins, equivalent to less than one million US dollars, now I only need to buy one-third of them, calculated Mr. Zhou, your investment is only more than 100,000 US dollars, but you have received a return of more than 10 million, and the rate of return has increased a full hundred times!"
Kus said seriously.
He also felt in his heart that this business had made a lot of money, an investment of more than 100,000 US dollars, what was this? It was not called money at all! But it was more than 10 million yuan when it changed hands, which was equivalent to more than 100 million soft sister coins, and he became a billionaire in an instant, and this money was not illiquid funds such as stocks and real estate, and this hundreds of millions of soft sister coins were cash in the real sense, which could be directly spent, and Kus did not think that he had any reason not to succeed.
But Zhou Fangyuan still shook his head after hearing his offer.
This made Kus a little stunned, did the other party think that the money was a little too small?
But he is determined to get Tengxun's shares, and the more the better, he gritted his teeth and stared at Zhou Fangyuan, "If Mr. Zhou is not satisfied, I can add another 5 million ......"
Kus spared no effort for this share, so the price he had to spend would be greater, but there was no way, he was really optimistic about Tengxun, and it was worth the all-out gamble for this investment.
But before he could finish speaking, Zhou Fangyuan shook his head.
"Mr. Coos, it's not a matter of money, in fact, I'm very happy that you are optimistic about Tencent, because it proves that my vision is good, but at the same time, I am also very optimistic about Tencent, if possible, I will also find a way to increase my shares, so even if you give me more money, I will not sell my shares." ”
Zhou Fangyuan said with a smile, and one sentence silenced Kus.
It turned out that I had met the same kind, and if that's the case, there's really nothing I can do.
Kus shook his head helplessly.
Then I heard Zhou Fangyuan continue, "And I heard that Mr. Coos, you have already negotiated a purchase agreement with Mr. Li, this should be 20% of the shares, I think Mr. Coos, you should be satisfied, 20% of the shares, a lot." ”
"But it's not much," said Kuss, "well, I failed today, but I'm already very happy to meet Mr. Zhou." ”
Kus was very resolute, and when he saw that he had no chance, he immediately got up and left.
Zhou Fangyuan also stood up, "Why should Mr. Kus be in a hurry? It's better to stay in the capital for a few days, let me also do my best to be a landlord, and in the future, we can make money in a company, and we still have many opportunities to get in touch." ”
"It's still not necessary, since there are many opportunities for contact, it's not too late to talk about it in the future, I'm very short of time now, and I have to buy the shares before anyone else can rest assured." ”
Kus shook his head.
"In that case, I won't keep you. ”
"Okay, Mr. Zhou doesn't need to send me, I'll just go by myself. ”
After Kus finished speaking, he left with his deputy in a hurry.
As soon as he walked on the front foot, Zhou Fangyuan called the group's finance department on the back foot.
"Help me check, how much money is left on the group's books to use?"
The movement on the other side was very fast, and the specific number was reported after more than ten minutes.
Less than 300 million.
But a lot of it is cost, as well as taxes, if the group's costs are deducted, and then the taxes are deducted, it is good to be able to save 100 million.
Zhou Fangyuan's three-year development has finally come to this point, and he can finally use hundreds of millions of funds, and this money is still his own.
He thought about it and decided to focus on development first, cost or something, anyway, the group's cash cow will not die all at once, and now is a good opportunity, an opportunity for him to go further.
Hung up the phone, Zhou Fangyuan rummaged through, found Xiao Li's mobile phone number, and immediately dialed a call.