Chapter 265: Acquisition Opportunity
The effect of the New York roadshow was unexpectedly good, and the number of subscriptions has exceeded 350 million shares in two days.
Of course, this is not the final deal, which only proves that the shares of Meigou have indeed attracted a lot of investors.
By the time the U.S. online market is launched, the stock price will presumably not fall.
……
End your trip to New York and fly non-stop to London, the heart of the European economy!
Here, the roadshow is no less popular than in New York.
Don't forget, Meigou also has a shareholder, that is, the Danish royal family, and Europe is their home base.
In order to have a good price on the online market, Frederick also contributed a lot.
He didn't go to the New York roadshow because he didn't have any connections there, but when he came to Europe, it was his time to show his talents.
Europe was the economic, political and cultural center of the world for a long time. Especially during the British Empire, known as the "empire on which the sun never sets", there were too many old families here.
And these so-called "old money", although they are far from the world-class rich of the new generation, are still there.
Frederick was quite close to these families.
So at the London station, he contacted a large group of people to come over and cheer.
In this stop of the roadshow, Meigou received more than 150 million shares subscribed.
……
The last stop is Xiangjiang Station.
This can be regarded as the base camp of the United States.com, and the wealthy people in the Asia-Pacific region are of course happy to support the listing of Chinese companies in the United States.
Coupled with Temasek's presence in the Asia-Pacific region, the number of attendees was no less than the previous two roadshows.
The roadshow venue is set at The Peninsula Hotel.
Built in the glittering 19th century, the Peninsula Hong Kong is located in the prime area of Tsim Sha Tsui in Kowloon, known as the "Far Eastern Lady".
It is also the only hotel in Hong Kong that offers helicopter tours and pick-up services, with two helipads on the top floor and a McDonnell Donnell Douglas MD902 Explorer helicopter, making it one of the most luxurious and expensive hotels in Hong Kong.
The design of the rooms is classical and elegant, the hardware is high-end and intelligent, Blu-ray player, LED rotating TV, electric curtains, the bathroom is a SPA jacuzzi and high-end toiletries, and the sea view room is facing Victoria Harbour, with a superb view.
The hotel has a Roman-style swimming pool, The Peninsula Spa, Michelin-starred restaurants and special Peninsula Academy activities where you can learn traditional crafts, cooking, caviar tasting and more.
But even if you don't stay here, you can't miss the afternoon tea, accompanied by melodious music, the queue starts at 1 o'clock, and there is still a long queue until 4 o'clock, and many people come for the atmosphere here.
……
The roadshow also attracted more than 300 Asian investors, not only Hong Kong locals, but also Southeast Asian and oil tycoons.
Several major families in Xiangjiang went out together, and Wang Ye also saw Li Chaoren, the richest man in China, for the first time.
This one doesn't need to be introduced, as long as you are Chinese, you have heard of his name, and he has been the richest Chinese man for many years.
Li Chaoren is also a standard "businessman", in his eyes, there is only interests, there is no right or wrong, so it is also a mixed reputation.
Especially now that he has begun to transfer assets to Europe, claiming to have bought half of Great Britain.
When it comes to doing business, Wang Ye admires him very much, but in other aspects, he doesn't dare to compliment.
Although Li Chaoren is over 80 years old, he is still in good spirits and maintains more than ten hours of work every day.
"Haha, I have long heard that there is a rookie in the business world in the mainland, and I only saw it for the first time today. ”
Li Chaoren said with a smile when he saw Wang Ye.
Wang Ye replied politely: "Let the seniors laugh, and if you have a chance in the future, I hope that the seniors will give you more guidance." ”
In fact, Wang Ye's industry and Li Chaoren's industry have long intersected, and Watsons, where Flower Story cosmetics are stationed, is the company controlled by Li Chaoren.
Temasek's Lee Kwong Wah, who is obviously familiar with Li Chaoren, walked over and greeted him with a smile: "Hello Uncle Lee, thank you for coming here today." ”
"Hehe, hello Guanghua, now I'm starting to take the lead, the investment in Meigou is led by you, this investment is quite good!" Li Chaoren praised.
In fact, Li Chaoren's industry is still mainly industrial, especially basic industries, such as water, electricity and natural gas, wharf development real estate, department stores and supermarkets.
There is very little investment in Internet companies, and this time it is also for the sake of Temasek's face.
"Mr. Li, I heard that your Watsons Group is ready to be sold. Wang Ye asked suddenly.
Li Chaoren glanced at Wang Ye in surprise, he was indeed ready to sell the shares of Watsons Group in his hand, but at present, he was only secretly contacting some buyers, and did not reveal any news in the world, how did Wang Ye know.
Glancing at Li Guanghua next to him, Li Chaoren suddenly realized that Temasek might have told Wang Ye.
But he didn't know that this news was not said by Li Guanghua and Wang Ye.
Regarding the situation of Watsons Group, Wang Ye has long understood, this is a behemoth.
Founded in 1841, A.S. Watson Group has become an international retail and manufacturing organisation with operations in 24 countries around the world. More than 28 million customers shop each week at 12,000 physical stores and e-stores across 13 retail brands around the world.
These more than 10,000 stores are mainly concentrated in the two major states of Europe and Asia.
Watsons ProductsIn Asia, the Group owns a number of well-known brands and retail chains, including Watsons Personal Care Store, PARKnSHOP Supermarket, TASTE Gourmet Shopping Mall, Great Gourmet Gourmet Shopping Mall, Fortress, Watsons Wine Cellar and airport retail business Nuance-Watson.
The Group is also a major producer of bottled water and other beverages in the region, and the sales volume of Watsons Distilled Water is the largest in Hong Kong, reflecting the market's recognition of the Group's products.
In Europe, the Group has a retail presence in 26 countries under brands such as Kruidvat, Superdrug, Trekpleister, Rossmann, ICIPARISXL, Savers, Drogas, Marionnaud, ThePerfumeShop, Spektr, Watsons Personal Care and DC.
As for North and South America, Watsons has basically not set foot in it.
Among the group's more than a dozen retail brands, Watsons Personal Care Store is of course the core of it!
……
"What? Does Meigou intend to take a stake in Watsons Group?" asked Li Chaoren quietly and softly.
He was not sure whether Watsons Group was going to make a move, but only asked if Meigou wanted to take a stake in Watsons, which was also to leave room for himself.
Meigou is now indeed qualified to acquire Watsons Group, and this listing is based on a stock price of $60, and the funds raised are as high as $21 billion!
Watsons Group, although it is now very large, with annual sales of more than 100 billion yuan and net profit of tens of billions, has not yet been listed and is a non-listed enterprise controlled by Hutchisons.
As for the valuation, Li Chaoren privately offered a price of 250 billion Hong Kong dollars to several potential buyers, which is about 35 billion US dollars.
But no buyer is willing to pay this price so far, and the highest one is only 25 billion US dollars. Therefore, this business has not been negotiated.
Li Chaoren has now begun to consider splitting and selling Watsons Group, such as several relatively large pillar industries of Watsons Group in Asia, such as PARKnSHOP supermarket, Watsons distilled water business, and Watsons personal care chain stores, which are more valuable.
At the same time, his psychological price began to decrease.
In the past two days, the impact of online e-commerce on physical sales has become increasingly obvious, such as the annual sales and annual profits of PARKnSHOP supermarkets, which have begun to decline year by year.
If you don't make a decisive move, you may not be able to sell it at the current price after waiting for another two years.
Wang Ye was stuck at this point in time, revealing to Li Chaoren his intention to acquire some businesses of Watsons Group!
"Mr. Li also knows that I have a cosmetics business, so in the Watsons Group, I am most interested in the Watsons personal care chain!" Wang Ye said lightly.
Li Guanghua, who was next to him, listened for a long time and understood this matter.
Although he has also heard rumors within Temasek that Li Chaoren is considering selling Watsons, Temasek is also starting to assess whether the deal can be done.
But now it is clear that the situation has changed, and the whole sale and the split sale are two different things!
If it is sold as a whole, with the size of Watsons Group and the wide variety of businesses, the general consortium will definitely have many concerns when it takes over.
But it is much easier to split and sell, and if you fancy a retail brand of Watsons Group, you can only buy this business line.
Temasek's two core businesses are, of course, PARKnSHOP and Watsons Distilled Water.
As for the Watsons personal care chain, they weren't too interested.
Now hearing that Wang Ye wants to buy Watsons' personal care chain, Li Guanghua is not surprised, because Wang Ye has Fuhua Cosmetics Company and Modu Jahwa in his hands, and their businesses complement each other.
He wondered if Temasek could join forces with Wang Ye to acquire the three core businesses of A.S. Watson Group.
It's very simple, the more you buy, the bigger the discount.
If Temasek were to buy PARKnSHOP and Watson's distilled water business alone, it might cost US$4 billion, but if we join forces with Wang Ye, the price could be reduced to US$3.5 billion!
Although Temasek and Li Chaoren have a good relationship, when it comes to a multi-billion dollar business, personal relationships are obviously put aside first, and business interests come first.
……
Li Chaoren and Wang Ye, one intends to sell, the other intends to buy, of course, they have a very happy conversation.
However, today is a roadshow of Meigou.com, not a good time to talk about acquisitions, so the two made an appointment, and after Meigou.com was successfully listed, Wang Ye would come to Xiangjiang to visit Li Chaoren and talk about this matter in detail.
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