After listening to what Li Xuan said, Xu Jiachun realized the trickiness of this matter. A shocking M&A case that costs $5 billion is by no means something that can convince the other party to change their mind with a sentence or two.

And the other party was obviously not ready to talk to him in detail, Xu Jiachun felt that he had to do his best to report this important news to China. So Xu Jiachun did not stay at Li's house for long, but hurried back to the Xinhua News Agency's station.

In fact, what made Xu Jiachun feel even more distressed was that for such a big operation of Dongfang Electronics, the intelligence network in his hand did not receive the slightest rumor in advance. Xu Kar-chun's report was sent to the Hong Kong-Macao Affairs Office in Beijing on the same day. This is the direct leading body of the Hong Kong and Macao Working Committees in China, and it is a ministerial-level unit under the State Council that is specifically responsible for Hong Kong-Macao affairs.

Director Ji, who has only been in office for more than three months, could not help but secretly blame the Hong Kong Working Committee for its dereliction of duty after reading the telegram sent by Hong Kong. They didn't even find any clues in such a big event early, so that the situation is so passive now. He couldn't take care of such a serious incident, so he had to report the matter to Chairman Li, head of the Central Leading Group for Foreign Affairs.

Dongfang Electronics is one of the most famous companies in Hong Kong, and its every move can easily be regarded by the outside world as a weather vane of Hong Kong's shape. Just when the central leaders of Beijing were alarmed and were assessing the possible impact of Li Xuan's revelations, Li Xuan had already gone to the United States again.

Before Li Xuan left Hong Kong, his mother also began to prepare to visit relatives in the mainland. Although Li Xuan borrowed the corpse to return his soul, he has been with his family for a long time, and he has already had real family affection. But for those two uncles who were not masked. Naturally, he couldn't have as much affection as his mother.

Now is the critical moment for the acquisition of RCA, and he needs to return to New York to take charge of it himself. Otherwise, Li Xuan really didn't mind doing his filial piety. Personally accompanied her mother to visit relatives in the mainland. But now he has no choice but to entrust the matter of accompanying his parents to the north to his eldest brother Li Ke to do it for him.

To this new extra relative. The two brothers also got together to discuss. As long as the other party is not too uninteresting, after all, blood is thicker than water, in order to consider the mother's feelings, those who can help will try to help. Of course, this matter is at Li Ke's sole discretion.

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In a luxury estate on Long Island, New York, a pie is being held. The owner of Pai Duì is none other than Mr. Xuan Lee, the richest man in the world who recently lives in the Big Apple. Li Xuan seems intent on fitting in with New York's upper class, with fashion pioneers, political elites, and Wall Street investment tycoons attending each time. He has not stopped such gatherings since he came to New York, and has rented a luxury estate for this purpose.

"Lee. This is Mr. Ellen Donald, Senior Director of TIAA-CREE!" Bradshaw introduced Li Xuan to a middle-aged man with a recessed hairline and a wide forehead.

The full name of TIAA-CREE is "Faculty Insurance and Annuity Association - University Retirement Property Fund", which is a retirement pension fund for public teachers and university professors across the United States. Unlike China's aunt stock speculation, in mature capital markets such as the United Kingdom and the United States, individuals rarely directly participate in securities market investment, and everyone will choose to hand over their money to fund managers who specialize in the art industry to invest.

Among them, pension funds are one of the most important investment forces in the securities market. According to statistics, the share of shares held by pension funds in the United States. It is more than 25% of the total shares of all listed companies.

Three of RCA's top 10 major shareholders are pension funds. Among them, TIAA-CREE is the single largest shareholder of RCA, holding 10.45% of RCA's shares. There is also another foundation called CalPERS that has the second largest shareholding, holding about 7.89% of RCA's shares.

CalPERS stands for California Public System Employee Retirement Fund. California is one of the most economically developed states in the United States. If its GDP number is listed separately, it can kill most countries in the world in seconds and can steadily rank among the top ten in the world.

California is also the most populous state in the United States. It has the largest public employee system in the United States. As a result, CalPERS is one of the largest institutional investors in the U.S. capital markets, with more than $60 billion in pensions under management.

And TIAA-CREE and CalPERS are among Bradshaw's supporters. This is also the biggest reliance for Bradshaw to sit as the chairman of the board of directors of RCA. After Charlison's visit to Hong Kong, Bradshaw finally approved Oriental Electronics' plan to acquire RCA.

As a result, he began to take the initiative to persuade RCA's major shareholders to accept Dongfang Electronics' takeover offer. For pension funds like TIAA-CREE and CalPERS. Their biggest task is to preserve the value of the money they have at hand. So as long as the price is right, they don't mind selling their holdings.

And for an old store like RCA, which has been in business for more than half a century, the founder of the company has long disappeared without a trace. It is often the management that really has feelings and ambitions for the company, not the shareholders who only seek to maximize profits. As long as the management of the company can be persuaded to accept the merger plan, then the question is usually whether the bid is high or low.

Several of RCA's major shareholders did not oppose Dongfang Electronics' acquisition plan, and Mr. Donald, who came to participate in the party today, apparently came to contact Li Xuan on behalf of the TIAA-CREE fund.

"Mr. Li, have you considered using the shares of other companies under the Oriental Group as an alternative to cash acquisitions?" asked Donald tentatively.

Li Xuan shook his head and explained: "The Eastern Group has not achieved securitization as a whole, and its internal composition is relatively complex. Among them, there are listed companies such as Aikang Computer and Computer Park, as well as wholly-owned companies such as Oriental Games and Oriental Research Institute, as well as joint ventures with other groups such as IBM such as Oriental System Software Company!

Therefore, if the method of equity mergers and acquisitions is adopted, the operation will definitely be very complicated. For a high-quality company like Oriental Games that is not listed, but has a very high revenue capacity, even if we are willing to give up a part of the equity, the valuation given may not be satisfactory to you, Mr. Donald.

As for Xiang Aikang Computer and Computer Park Company, if a single company is used for share exchange mergers and acquisitions, because their market value is not advantageous compared with RCA company, it is easy to shake our control over the original company.

And if multiple companies are used to jointly implement the equity swap, which is a complicated process, I think Mr. Donald, you can guess how much headache it will be! To make such a big move as the acquisition of RCA, we in the Eastern Group need to invest a lot of resources, and we will pay a lot of financial costs for every day of delay!"

After Li Xuan completed a brief communication with the senior director of the TIAA-CREE Fund, he continued to wander among the guests.

"Li Sheng, how did you talk to this Mr. Donald?" asked Han Peng, who had just flown from Hong Kong to New York, with a wine glass.

"He proposed to exchange the shares, especially the shares of Aikang and the computer park, but I refused! In fact, this is just a temptation, after all, we will both announce the official start of merger and acquisition negotiations tomorrow!"

Li Xuan said disapprerovingly, "Of course, I also gave the other party a promise, if the computer park company needs to continue to raise funds in the future, we can consider a private placement to TIAA-CREE!"

"By the way, my explanation of going north before didn't seem to be very effective! A central leader who met with me, but he told us that our approach was to carry out a surprise attack, which was not a sign of the overall situation!" Han Peng said with a wry smile.

Previously, Li Xuantong, president of Xinhua Hong Kong Branch, Xu Jiachun, disclosed to the relevant mainland departments in advance the news that the Oriental Group was about to carry out a major merger and acquisition in the United States. A few days ago, Han Peng quietly went to Beijing to explain the merger and acquisition plan of the Oriental Group.

But Han Peng has clearly failed to dispel the discontent of the mainland government. After all, Dongfang Electronics' influence in Hong Kong is too huge, and once even Li Xuan, the richest man in the world, shows his intention to go capital, it is likely to make Hong Kong, which has just come out of the Hong Kong dollar storm, fall into panic again.

"Anyway, I didn't think about taking the name of 'patriotic entrepreneur,' so I would just annoy people once! Time will prove whether we invested normally or deliberately made capital! Didn't we help the mainland build a wafer factory before, and we took this opportunity to tackle key problems together and break through the obstacles in the US political circles, which can be regarded as a compensation to the mainland government!" Li Xuan shook his head and said.

"Will the bottom line of $5 billion be too high!" Han Peng suddenly turned to the next merger and acquisition negotiations.

It was impossible for Li Xuan to go to the negotiating table in person, but was ready to hide behind the scenes and command. As the plenipotentiary of the Eastern Bloc, Han Peng will lead an elite team of negotiators to engage in a verbal battle with RCA representatives.

Although the two parties have preliminarily reached an acquisition intention, they specifically said that they cannot really translate the intention into a paper agreement, and it depends on whether the price given by Dongfang Electronics is satisfactory to RCA shareholders. It is a basic act of professional ethics that RCA's management is bound to act in the best interests of its own shareholders.

"It's only a premium of 25%, which is not high! If it weren't for the fact that RCA's stock price has not risen strongly, we may not have been able to pocket it with $5 billion!" Li Xuan said with a sigh.

Now that the U.S. stock market is in a bull market, RCA's stock price chart is definitely not outstanding, which also greatly reduces the difficulty of Dongfang Electronics' acquisition. As long as the price offered by Dongfang Electronics is satisfactory, there will definitely be many shareholders who choose to cash out and chase other stocks with better performance. (To be continued......)

PS: I sat in front of the computer after lunch, but suddenly I was not satisfied