Chapter 632 - Acquisition of Equity
This is Hottby, currently living in Birmingham, UK, freelancing, and has been working with the company for five years. Mr. Hotby, this is Mr. Feng Xiaochen, the president of our group company, he led a delegation to Munich to participate in the International Construction Machinery Exhibition, and took time out of his busy schedule to meet you. ”
In a business suite at the Rainbow Hotel in Munich, Bao Chengming was introducing Feng Xiaochen and a broker to each other. The broker was quite tall and handsome, well-mannered, and no one would suspect him when he went out and claimed to be a Fortune 500 company. However, his bottom line was introduced to Feng Xiaochen early tomorrow morning, this person does have a good educational background, and is a master's degree in semiconductors, but he is unlucky, and several electrical appliance companies he has served have gone bankrupt one after another, and he has become a so-called "freelancer", which is actually the nickname of a jobless vagrant. At his poorest, Hotby had to work as a porter, cleaner, cashier, and the like.
Because he understands some technology, and has worked in several semiconductor companies, he has some understanding of the electronics industry, so he was wrapped into a bright picture and became an agent of Chen Yu Information Company in Europe. Bao Chengming paid a commission to Hotby, and asked him to collect information on the European electronics industry, and the information that could be made public was published in the electronic business information edited by Chen Yu Company, and some secret information was entered into the internal database of Chen Yu Company, which became a reference material for the company to compile professional research reports.
After becoming an agent of Chenyu Company, Hottby had a stable source of income. Gathering information doesn't take much of Hottby's time, and he can also do other jobs in the local area, and the two incomes add up to one, so that he is finally back in the middle class. Because of this, Hottby was very respectful to Bao Chengming, and as soon as Bao Chengming finished calling him, he booked the earliest flight ticket and flew to Munich.
Hearing that Feng Xiaochen was the president of the group company, and seeing that Bao Chengming was also a follower in front of Feng Xiaochen, Hotby hurriedly showed a flattering smile, took two steps forward, bent his waist to 45 degrees, and stretched out his hand to shake hands with Feng Xiaochen. When Feng Xiaochen saw this, he sighed in his heart, but his face did not show it, he shook hands with Hotby, and said a few words like "hard" and "good" in the tone of a leader, which made Hotby feel overjoyed.
After exchanging pleasantries, the guests and hosts sat down separately. Feng Xiaochen sat on the big sofa without giving up, Hotby sat on the small sofa on one side, and Bao Chengming sat on the small sofa on the other side, and at the same time took out his notebook and prepared to take notes.
"Mr. Hotby, I heard Mr. Bao say that you are very familiar with the electronics industry in Europe as a whole, can you tell us about your interpersonal relationships in this industry?" Feng Xiaochen said.
"Very gratifying. "I graduated from Cambridge Physics, and after graduating, I joined Fengshen Electronics as a process engineer. Later, as you know, Fengshen went bankrupt because it made strategic mistakes in the development of several audio decoding chips and went into debt. However, my colleagues at Fengshen were hired by a number of semiconductor companies in Europe, which allowed me to have friends in all of them, and several of them even became executives in the company, and they were able to provide me with a lot of inside information. ”
Hotby said with added fuel that he was hired by Chenyu Information Company to do intelligence gathering, so he thought that Feng Xiaochen was also concerned about this matter. Feng Xiaochen did not correct his delusion, but followed his words and asked about the situation of each company and what Hotby knew about these companies. Hotby was a very dedicated broker and knew everything in front of his employer. Of course, he did know a lot about these companies, and what he said was not fiction, Feng Xiaochen nodded again and again when he heard it.
"You just said that Linton Company has been short of funds recently and intends to introduce strategic investors?"
After listening to Hotby's story, Feng Xiaochen suddenly threw out a question.
"Yes, a friend of mine works at that company, and he called me last month and asked me if I knew any investors who were interested in giving a 5% stake in the company to raise money for the development of new technology. Hotby said.
Feng Xiaochen asked, "How much money do they want to exchange for 5% equity?"
"About $1 million. ”
"Linton's net worth is probably less than 10 million, right? $1 million is equivalent to 10% equity. ”
"This ...... Perhaps. ”
"If I give you $1 million, will you be able to get a 10% stake from Linton?"
As soon as Feng Xiaochen said this, Hotby froze, his eyes widened. He also peeked at Bao Chengming, wanting to get some inspiration from Bao Chengming, but Bao Chengming just smiled and didn't say anything.
In fact, not only Hotby, but when Bao Chengming first arrived at Feng Xiaochen's plan, he was also scorched by thunder. Feng Xiaochen told Bao Chengming that he wanted to meet those contacts, and Bao Chengming guessed a lot of possibilities, but it mainly revolved around the idea of finding out the news or promoting the product, who knew that Feng Xiaochen actually asked these people to help him acquire the equity of a number of European companies, which was simply a fantasy in China in the 90s.
Regarding the acquisition of shares in European companies, Feng Xiaochen did not give Bao Chengming the wind in advance, but the specific operation had already started 10 years ago. According to Feng Xiaochen's arrangement, Bao Chengming has registered more than a dozen enterprises in several offshore registration centers abroad, all of which are small companies with a registered capital of only 10 US dollars. Bao Chengming has never known what Feng Xiaochen's purpose is in registering these companies, because these companies have not done any business for a long time after registration, and occasionally helping other companies to make a few payments, it is more like an operation to prove the existence of these companies, and there is no practical significance.
This time, Feng Xiaochen told Bao Cheng clearly, and Feng Xiaochen knew that not only Chen Yu Information Company had invested in this kind of small leather bag company overseas, but also Philo Bearing, Spring Restaurant, etc., had also done the same thing, Feng Xiaochen's ghost company had accumulated as many as fifty or sixty, and the registration time and business type were different, so that people could not identify the connection between these companies at all.
After Bao Chengming summoned his agents in Europe, Feng Xiaochen began to hold separate talks with the agents, and Bao Chengming also participated in the whole meeting. Feng Xiaochen's process of talking to each agent is similar, that is, first rambling to understand the area that the agent is familiar with, and quietly inquiring about the agent's relationship with certain companies. When it was determined that the agent's character was reliable and that he had a certain connection with a company in Feng Xiaochen's mind, Feng Xiaochen threw out a similar question and asked the agent to come forward to acquire the equity of this company, but the real buyer was one of Feng Xiaochen's ghost companies.
"Mr. Feng, the operating conditions of these companies are very average, what are we buying their shares for?"
When he first knew about Feng Xiaochen's arrangement, the second monk of Bao Chengming was puzzled and asked Feng Xiaochen in surprise.
Feng Xiaochen grinned and said, "If it weren't for their average business conditions, how could we afford to buy their shares? These companies are also companies with some roots in Europe, if it weren't for the deterioration of the European economy, which round would we buy their shares?"
"However, I'm afraid it's difficult for these companies to make a profit, and it's obviously a loss-making business for us to buy these shares. With these foreign exchange, even if you buy some good stocks in the European or American stock markets, the benefits are more than that, right?" Bao Chengming said.
Over the years, Chenyu Group's bearing companies, construction machinery companies and other companies have carried out some foreign trade business, including Bao Chengming's Chenyu Information Company has also done some overseas consulting projects, received a lot of foreign exchange. Some of these foreign currencies have been handed over in accordance with national regulations, and some have been left in the hands of Chenyu's overseas companies through various means. This practice is strictly illegal, but nowadays all private enterprises that do foreign trade business will do so, because it is very difficult for private enterprises to apply for foreign exchange quotas, and they do not want to leave some foreign exchange in their hands, in case it involves importing equipment from abroad and other things.
How much foreign exchange the group has saved, Bao Chengming is not clear. However, looking at Feng Xiaochen's meaning, it seems that he can take out tens of millions at once, because there are so many companies he wants to acquire, some companies are ready to invest hundreds of thousands, and some companies invest hundreds of thousands, which is not a small amount in total.
These companies that can be invested in for hundreds of thousands of dollars are not big enterprises, and they can't see any investment value for a while, I really don't know what Feng Xiaochen thinks in his heart. Also, even if he wants to take a stake in these companies, Feng Xiaochen can do it openly and generously, why hide his head and tail so much, first register a ghost company in an offshore registration center such as Bermuda, and then find a European broker to come forward to make a purchase. In addition, Feng Xiaochen also asked these brokers not to meet each other, that is, not to let them know that what they did was related to Chen Yu Company, and it was really incomprehensible that they were so meticulous.
Feng Xiaochen did not give a detailed explanation to Bao Chengming, but advised: "Old Bao, there are some things that you can't understand if you say it now, so let's wait until later." We have a stake in these companies, which involves a wide range of aspects, and I can't take care of it, so I will leave it to you to take care of it in the future. You remember, you must not disclose the information of these companies, even if someone finds out that a company has shares in us Chinese, they cannot let them realize that the shares of all these companies are related, understand?"
When Bao Chengming heard this, he hurriedly puffed up his chest and promised: "Understand, Mr. Feng, don't worry, I am personally responsible for this matter, and no one in the company will know the details." ”