Gu Kun decided to stay put, first observe the South African's bidding ideas, and see the other party's determination.

Therefore, not only in the first few auctions of fixed assets and discountable net assets, Gu Kun has never made a bid.

Even with the first hidden bidding link to sell the equity of Yingke Digital's invested subsidiary, Gu Kun only offered a relatively low price first, and asked for a way to slow down.

Of course, the reason why he dared to change hands was because the Internet subsidiaries that came up with the secret mark in the first round really have no future.

In 2000, there were not many Xiangjiang people who invested in really promising Internet companies.

In other words, if HSBC took out the part of Tengyun's shares held by Yingke as a hidden target in the first round, then Gu Kun might not be willing to slow down.

In the process of throwing stones to ask for directions, Gu Kun also quickly discovered the problem.

"The South Africans, along with a few other competitors who entered the bid, seemed to be more generous? It was at least three times higher than the average price in later history when they asked Pacific Century Digital and Heping to buy shares! Some companies even paid five times higher!"

This impression really surprised Gu Kun.

He couldn't discuss this issue in depth with Liang Jinsong or other aides.

After all, Gu Kun can't tell his own people: I am a reborn, I know history, and I know that in another period of history, the equity transaction price of these invested subsidiaries is several times lower.

He could only consult in an ambiguous tone: "Lao Liang, don't you think that the transaction price of these shares is generally high?"

Liang Jinsong was a little confused by the question, and analyzed it with Gu Kun according to today's various price-earnings ratios, market-to-business ratios, price-to-book ratios, and user volume rates, and finally Gu Kun himself was inspired to figure it out:

Nowadays, the Internet winter is not deep enough!

Historically, some of the invested projects of Pacific Century Digital were sold in the second half of 2001 and some in the first half of 2002, and the shipment cycle lasted for more than a year.

It was the deepest time of the Internet winter, and the future was dark, and there was no future in sight.

And now, it's only March 2000. Considering that the butterfly effect of the cooling of the Internet bubble is early, it is equivalent to July 2000 in another time and space at most.

The bubble is far from clean and thorough, and the valuations of all companies are naturally many times higher than they were after more than a year in history.

"At this multiple, there aren't many companies worth selling. Just Tengyun's more than 20% equity, Li Ergongzi had to sell for 26 million US dollars in history, and now the water is generally three or five times more, so how can it cost more than 100 million US dollars. Tengyun's 20% equity is still worth this price, and most of the other projects are definitely not worth it. ”

Gu Kun had to face such a situation.

......

Gu Kun was not interested in the fact that those chips were still not cheap enough and not cost-effective enough.

Unexpectedly, a heavyweight visitor came to the Peninsula Hotel to visit him in person.

And the reason for the visit was precisely because of his reluctance to make a move.

It was March 5th, a Sunday, and it was also Gu Kun's first weekend after coming to Xiangjiang this time.

In the morning, Gu Kun personally went downstairs to the hotel's cafeteria for breakfast, but the hotel's duty manager and his secretary Shalanova came to look for him.

Gu Kun wiped his mouth with a napkin, and was quite dissatisfied with the hotel manager on duty: "Don't you know that I only let the secretary report directly?"

Gu Kun has never spoken to the people in the hotel face-to-face, this is not a system, and what needs the hotel has, they are all told to Gu Kun's secretary, and then Shalanova can handle it, and she feels that it is necessary to tell the boss that she knows before mentioning it to Gu Kun.

This is also to save Gu Kun's time, just like Bill Gates went out to stay in a hotel, how could the hotel owner be qualified to talk to Gates in person.

The hotel duty manager is still very good: "Mr. Gu is very sorry, we are willing to give you a banquet for today's faux pas, or give you a free subsequent room fee - but it is true that there are important guests to visit you, you must meet when you have time." ”

"No need, I'm a person who cares about money, and I won't live here with you anymore. Gu Kun didn't want to take advantage of the other party.

Anyway, there are as many five-star hotels in Xiangjiang as there are dogs, and each one only has one chance to disturb him and talk to him again. After saying this, he was not qualified to let Gu Kun continue to live there.

"Thank you for your understanding," the hotel duty manager was still very polite, thanking Gu Kun for his understanding, and didn't seem to feel sorry, it should be that he knew that even if he didn't offend Gu Kun, Gu Kun wouldn't need to live in a hotel in the future.

After a slight pause, he continued to report: "It's Mr. Li from Changhe who wants to see you, do you think you need us to arrange another reception room?"

People didn't say that they wanted Gu Kun to see him, but only said that it was rude to ask Gu Kun if he wanted to prepare another reception room.

"Lao Li, what is he doing here. But since you take the initiative to come to the door, let's meet you, and you don't need a reception room. Gu Kun commanded casually.

His presidential suite occupies an entire floor, and there is no need for another reception room to meet one guest.

He was just a little surprised, why Boss Li, who was the richest man in Xiangjiang, wanted to come to see him at this time.

Two minutes later, Gu Kun, who hurriedly washed his face, returned to his presidential suite and met Boss Li in the restaurant.

Because Gu Kun was originally eating, and he was a talented person with a good appetite, he didn't feel the need to stop eating and concentrate on chatting. He just asked people to send a few snacks he still wanted to eat back to the suite, and met the guests while eating.

That scene is similar to the movie "1942" where Chang Kaishen met Li Peiji while eating.

The two have met a few times before, and even when they repelled Soros, they were on the same front, but they never had a personal relationship.

Later, when Gu Kun was shipping and running away, he was crazy bearish on Xiangjiang real estate stocks, and Boss Li had to take over the tray to a certain extent in order to maintain his market value and equity pledge rate, and the two sides were not so happy, but they never made it clear.

Now that the Hong Kong stock and Internet stock sector has also collapsed, the relationship between friend and foe has become more and more complicated.

After Boss Li was let into the restaurant, Gu Kun didn't stand up and greeted politely:

"Boss Li, what a rare guest, why are you embarrassed to let you come to see me, it's rude. My little nephew is a vulgar person, and I have to participate in the Olympics this year, and I have been swimming a lot every day recently, and I am easily hungry, so I don't mind chatting while eating, right?"

"Don't mind, nephew is at his own convenience. Boss Li didn't care about this, and sat down across the long dining table.

This kind of conversation atmosphere is really awkward than sitting side by side on the sofa. Especially for the party who does not want to eat, it is easy to have no gestures with their hands on the countertop.

"I don't know what to teach today?" Gu Kun asked straight to the point, as he shook a big oyster.

"I heard that the nephew was auctioned off by HSBC for the assets of several companies such as Yingke Digital that violated the pledge and liquidated their positions. I'm ashamed to say that it was a dog who was doing nonsense outside, risking radical things with my name. The old man was really ashamed of his negligence in the ban. ”

Boss Li first said a foreshadowing word, and then changed his words, "However, since the virtuous nephew is here, he has been delayed in patrolling, which is really incomprehensible to outsiders." You and I are both people who are very important to the economic trend of a country and a place, and for the sake of social welfare, we have to be cautious in our words and deeds. ”

Gu Kun wiped his mouth: "Oh, but what is the little nephew's words and deeds? ”

Boss Li sneered: "How dare you, you can't talk about careless words and deeds." I'm just curious, in the past few auctions and secret bids a few days ago, there are so many discounted mortgage net assets, why haven't you sold a single target?"

Gu Kun pretended not to understand: "Net assets? That doesn't mean equity, but those office buildings and land that are split out and executed separately? ”

Boss Li was slightly patiently exhausted: "You know what I mean, I'm talking about the real estate that has been executed." ”

Gu Kun shrugged: "That's easy to explain, I don't make a move, of course, because I think the real estate in Xiangjiang is still too expensive." I came this time, to tell the truth, I am still willing to take over the equity of a few individual invested projects under Pacific Craft, but only a few. In addition, most of the assets are garbage, or inflated, and the water has not been squeezed out, so you can wait any longer. ”

Boss Li couldn't help but be a little secretly angry: "I don't understand the equity of Internet companies, and I don't want to say more." But the real estate in Xiangjiang has now fallen by a third from the highest level before June '97, do you still feel that there is moisture?

I think you are openly under the banner of fighting Soros and deceiving the trust of many people in this city. Then, in fact, you will continue to short the pillar industries of Xiangjiang and do the reality of Soros! You killed Soros not for the sake of the world at all. It's just because you can't see him good, and you can't see him making this money. What you want is to take out Soros and replace him!"

When Gu Kun heard this, he couldn't help but be stunned, and then laughed heartily: "As for what? What do I think of Xiangjiang? From beginning to end, do I look at the decline of Xiangjiang's financial service industry? Do I look down on other high-end industries with technical content? At most, I only look down on one real estate, and I don't think about the Internet, I just feel that the bubble is overheated."

Co-authoring the decline of real estate is to short Xiangjiang, Boss Li, you are so powerful, it turns out that your real estate can represent the entire Xiangjiang. I'll tell you the truth, a one-third drop from the first half of '97 is really not low enough in my eyes. Compared with other cities, how much is reasonable, don't you have any points in your own heart?"

Boss Li's nasolabial folds trembled slightly, a little precursor to a nervous breakdown: "Then how much do you think it has fallen enough?"

Gu Kun didn't think about it, he just combined the historical knowledge of his previous life: "Then at least if you stop and fight again, it can be regarded as a success in building the bottom." It also depends on whether the land supply will continue to be sufficient in the future. If it continues to be sufficient, it should continue to fall. ”

Boss Li is also worthy of being a person who does big things, and after hearing this, he did not refute Gu Kun, but decisively seized the opportunity: "Okay, you said that if you cut it in half, it will be the end, right? No problem, I'll give you a chance."

The mansions on Pak Ka Road on the top of the mountain, the beach estates in Repulse Bay, and the marina villas in Victoria Bay, I can take out a batch for you to choose from. Just as you said, at a discount from the current price, or even a discount, and sell it to you - I only have one request, you can actually give less, but you can't reveal what price you bought it. At most, it can only be claimed that it is 8% off the current price. If you accept, as long as it is our Changhe residence, you can choose the location of the house. ”

Boss Li has figured it out, Gu Kun's economic trend and financial influence in Southeast Asia are already too great.

Even if Gu Kun was given a bunch of villas for nothing, it was actually not much money. But if Gu Kun is given the opportunity to show the attitude of "I don't think Xiangjiang's real estate has fallen in place, so I won't make a move", then there is more room for the entire real estate market to collapse.

"Gu Kun bought" has become an important real estate benchmark in all cities in Southeast Asia.