Chapter 998 Valuation of 100 billion, otherwise don't talk about it!
On April 12, Lin Cheng began to meet with representatives of investment institutions from all over the country at the Peace Hotel on Jinling East Road, the magic capital.
As the largest securities company in the country, Gao Muhai of CITIC Securities was the first to be received by Lin Cheng.
"Hello, Mr. Lin, first of all, congratulations on being ranked first on the Forbes list of the world's richest people, fighting for us Chinese and Chinese people all over the world. Gao Muhai held Lin Cheng's palm and said with admiration on his face.
"Thank you Manager Gao for the compliment. Mr. Gao, please take a seat. Lin Cheng said politely.
Gao Muhai said with a smile: "Since the news of Mr. Lin's ascension to the top of the world's richest man spread, I have been looking forward to coming to visit you in person, but Mr. Lin stayed in the United States some time ago, and unfortunately failed to meet Mr. Lin as soon as possible." ”
Lin Cheng waved his hand and said: "Manager Gao doesn't have to be polite, the time is tight, let's get straight to the point, the financing of Feixiang Agricultural Machinery, I plan to take out 20% of the shares to share with major institutions, for this, your company has no opinion, right?"
Gao Muhai was stunned when he heard this, and his face was a little unnatural: "Mr. Lin, 25% of the shares are too little, as far as I know, to participate in the Feixiang Agricultural Machinery Investment Plan, there are ICBC, CCB, GF, Guotai Junan, Ping An Insurance, Modu Guotou and other large institutions that have great influence across the country, plus we CITIC Securities also have an imperative heart for the shares of Feixiang Agricultural Machinery, these 20% of the shares, it is not enough to plug the gaps!"
Lin Cheng said with a smile: "Manager Gao said that the call for my Lin Group's companies to start listing as soon as possible is very high, which shows that the listing of my Lin Group's companies is very popular with the market."
Now Feixiang agricultural machinery as the first company in the Lin Group to start the listing, its performance is also very brilliant, since the acquisition of Qingjiang Machinery Factory in 97 years to implement the restructuring of state-owned enterprises, Feixiang agricultural machinery has won the first place in national agricultural machinery sales and net profit for three consecutive years.
In 1997, Feixiang Agricultural Machinery had just been restructured from a state-owned enterprise to a private enterprise, with sales performance of 2.52 billion yuan and net profit of 630 million yuan.
In 1998, the sales performance tripled compared with 1997, reaching 7.65 billion, and the net profit was as high as 1.83 billion;
In 1999, Feixiang Agricultural Machinery became the first agricultural machinery enterprise in the country with sales of more than 10 billion yuan, with annual sales of 11.28 billion yuan and a net profit of 2.78 billion yuan.
Don't look at the main business of Feixiang Agricultural Machinery is agricultural machinery, which is not much on the table industry, but when it comes to earning ability, Feixiang Agricultural Machinery is enough to rank among the top 100 private enterprises in the country.
Once such a huge enterprise starts to go public, its stock price valuation is often an astronomical figure, Feixiang Agricultural Machinery takes out 20% of the shares, I even doubt that you famous big institutions, can you eat them all?!"
Gao Muhai said disappreciably: "Mr. Lin said with a smile, no matter how you say it, Feixiang Agricultural Machinery is just an agricultural machinery company, even if the performance has been good in recent years, but the development prospect is limited, the valuation should not be high, right?"
Lin Cheng said: "My valuation of Feixiang Agricultural Machinery is 100 billion yuan, 20% of the shares, that is, worth 20 billion." Two hundred billion, not everyone can come up with it. ”
"Sizzle......"
Hearing Lin Cheng's lion mouth, Gao Muhai couldn't help but gasp, just an agricultural machinery company, even if it ranks first in the country for three consecutive years, even if it is the world's richest Lin Cheng's company, it is not worth 100 billion!
The general manager explained to him the bottom line before, that is, he could cooperate with Lin Cheng within the valuation of 60 billion yuan and strive for as many shares as possible, but Lin Cheng quoted 100 billion, and the difference between the two sides was 40 billion, how can this be discussed?
Now it's only 2000, but it's not the era of taking money when it's not worth money, let alone tens of billions, even if it's a price difference of hundreds of millions, it's a huge amount of money that must be compared.
Gao Muhai said in a trembling voice: "100 billion? Mr. Lin, aren't you joking?"
Lin Cheng said solemnly: "Flying agricultural machinery is estimated at 100 billion, I am serious, if your company recognizes my estimate, we can continue to talk; if you think that I, Lin Cheng, am completely opening my mouth, then there is no need to talk about it, it is just a waste of time." ”
Gao Muhai felt that Lin Cheng was right, the reserve price given by the general manager was 60 billion, but Lin Cheng was estimated at 100 billion, and the difference of 40 billion yuan would be difficult to reach an agreement even if the two sides made concessions, so there was really no need to continue to talk, and this investment project could only fail.
Although the other party is the richest man in the world, CITIC Securities is also the No. 1 securities company in the country, and the strength does not have to be much worse than Lin Cheng!
Gao Muhai felt that there was no need to get used to Lin Cheng, and said in a rather bad tone: "The valuation of 100 billion yuan of Feixiang Agricultural Machinery is too high, it seems that Mr. Lin has no sincerity in wanting to raise funds from major institutions at all, so Mr. Lin might as well keep the stock of Feixiang Agricultural Machinery and sit back and see how its market value exceeds 100 billion!
In the face of Gao Muhai's impatience, Lin Cheng smiled indifferently: "Manager Gao doesn't have to be angry, after all, business is not benevolent! Maybe we failed to reach a cooperation this time, and there are plans to reach a cooperation next time?"
Gao Muhai's mood stabilized a little when he heard this, thinking that what Lin Cheng said may not be unreasonable, Lin Group is the first private enterprise in the country, and there are hundreds of companies under it.
Thinking of this, Gao Muhai said apologetically: "Mr. Lin, I'm sorry, my words are a little rushed, you are right, business is not benevolent, then I wish your flying agricultural machinery can be successfully listed." ”
Lin Cheng smiled: "Thank you!"
……
Due to insisting on the valuation of 100 billion yuan of flying agricultural machinery, Lin Cheng and other large institutions in the country also did not make any progress in the next day.
Even some investment managers with poor cultivation made wild remarks to Lin Cheng, saying that Lin Cheng's lion opening his mouth would lead to the listing plan of Flying Agricultural Machinery running aground, or even failing!
Soon, the news of the financing failure of flying agricultural machinery spread in the national financial market, although many media in the country have been slapped in the face by Lin Cheng many times, but these media still do not remember to eat, began to sing in the newspaper about flying agricultural machinery.
It's just that after being slapped in the face by Lin Cheng many times, these media also began to learn to be obedient, and did not criticize Lin Cheng by name in the newspaper, but only criticized Feixiang Agricultural Machinery's 100 billion valuation is completely self-defeating, and this listing plan will be yellow nine times out of ten.
The voice of the media naturally affected the morale of the internal employees of Feixiang Agricultural Machinery, and many executives spontaneously came to persuade Lin Cheng, saying that there was no need to value Feixiang Agricultural Machinery so high at the beginning, and with the potential of Feixiang Agricultural Machinery, the market value of Feixiang Agricultural Machinery could slowly rise to 100 billion in the future!
It's a pity that Lin Cheng insisted on going his own way, and always insisted that the valuation of flying agricultural machinery was 100 billion, and no one could persuade him.