Chapter 599 Selling the shares of Future Group to Hongmen
Xu Qing did not immediately reply to the Hongmen boss, saying that he needed to think about it and would definitely reply in a few days.
The Hongmen boss expressed his understanding, and he didn't want Xu Qing to reply on the spot.
After all, when it comes to such a major matter as the shares of Future Group, it needs to be cautious.
The Hongmen boss will stay in San Francisco for about a week, and Hongmen has some industries in San Francisco, so he came to visit Xu Qing this time and inspected those industries by the way.
The Hongmen boss had lunch at the villa and said goodbye and left.
Xu Qing and his grandfather came to the study and told his grandfather what he was having a headache, and there was nothing to hide in front of his grandfather, including the Internet bubble that would happen in the next one or two years, Xu Qing also told his grandfather.
In fact, some people have already noticed the Internet bubble, and now the performance of Internet companies in the stock market is too good, so good that it is abnormal.
As long as the company is involved with the Internet, it performs very well in the stock market.
Although the Internet is indeed an industry with great development potential, it will inevitably promote the development of mankind faster.
But the current Internet is definitely not worth such crazy chasing sticks, and it can be said that the market value of all Internet companies is inflated.
Future Group is not listed, but its valuation is overvalued.
Grandpa hasn't paid attention to the business world for a long time, Xu Qing's achievements are not many times greater than him, and he doesn't need to pay attention to the business world anymore.
However, grandpa believed Xu Qing's judgment, and grandpa thought for a while and said: "I think it is still possible to sell the shares of Future Group to Hongmen, and the price will be according to the normal price."
However, before selling, you should warn them that the Internet industry is risky and may lose money, and acquiring a stake in Future Group does not guarantee that they will make a profit.
And when the Internet bubble happens in the future, you can tell the people in Hongmen that if they want, you can buy the shares of Future Group in their hands at the original price, so that they are affectionate enough to Hongmen, and they will not resent you or anything. ”
Xu Qing nodded, feeling that his grandfather's plan was advisable.
At the time of the dot-com bubble, the price of Future Group's shares must have fallen to its lowest point, perhaps only a fraction of what it is now.
Xu Qing bought the shares of Future Group at the original price, and in terms of value, Hongmen seems to have lost a little.
They now take out the money to buy the shares of the Future Group, and a year or two later, Xu Qing buys it back at the original price.
This money is equivalent to not creating any economic value for Hongmen in the past two years, which is equivalent to depreciation.
After all, you can get a good interest on this money by putting it in the bank, and if you invest it, it may be doubled.
But how can things be so beautiful, in the Internet bubble, Xu Qing was willing to buy at the original price It was very good, which is equivalent to several times the premium acquisition.
On the afternoon of the seventh day of the Lunar New Year, Xu Qing asked the Hongmen boss to come to the villa.
Xu Qing told the Hongmen boss that the shares of the Future Group could be sold to Hongmen, but the Internet was very risky, and he could not be blamed for losing money in the future.
The Hongmen boss hurriedly waved his hand and said, it is normal to lose money in business, Xu Qing is willing to sell the shares of Future Group to Hongmen, and they are very happy.
If they really lose in the future, none of them will blame them, only their bad luck.
Then Xu Qing discussed with the Hongmen boss how much future group shares should be sold to Hongmen.
Future Group is now valued at more than $370 billion, and a 1% stake is worth more than $3.7 billion.
The Hongmen boss had already understood the latest valuation of Future Group before he came, but when he and Xu Qing calculated the value of Future Group's shares, they still couldn't help but be shocked.
A 1% stake in the Future Group is equivalent to a quarter of the assets of all the companies combined.
Now he feels more clearly how much Xu Qing has achieved, and Xu Qing is worthy of being known as a Chinese figure once in a thousand years.
In the past, he was a little proud of his position as a Hongmen boss in his 40s, because he was the youngest Hongmen boss ever.
In other organizations of the same level as Hongmen in the world, no one could sit in the position of leader at such a young age.
But when he saw Xu Qing, his pride disappeared.
Sitting in the position of Hongmen boss in his 40s is nothing compared to Xu Qing's net worth of more than 400 billion US dollars.
Hongmen developed very well before he took the throne, and Xu Qing was equivalent to making such great achievements from scratch.
I heard that Xu Qing took over a media company that was about to collapse from the Xu family and began to develop, and since then, Xu Qing has not relied on the strength of the Xu family to achieve his current achievements.
That's amazing!
Xu Qing didn't know what the Hongmen boss was thinking at this time, otherwise he would definitely say that this was nothing, because he was cheating.
Without the information and the author of the street fight, he is now a scumbag.
Everything is thanks to the author of the street, although he is very street-fighting, he can decide Xu Qing's life and death.
Hongmen wanted to acquire 1% of the shares of Future Group, and the Hongmen boss asked Xu Qing if he could pay in the form of share exchange, of course, most of them would be paid in cash.
Xu Qing asked the Hongmen boss to show him the information of all the companies in Hongmen, and he saw if there were any companies worth exchanging shares.
The Hongmen boss had already prepared, and when he heard Xu Qing's words, he immediately took the information of all the companies in Hongmen to Xu Qing.
Xu Qing took it over and looked at it, more than 130 companies, almost all industries are involved, and Hongmen's investment scope is really wide.
Hongmen boss sneered, many people in Hongmen don't understand business things, and they can't invite top professional managers, so they feel that the industry and the company are okay, so let's invest and take a look.
What if any company rises?
It can only be said that Hongmen's idea is good, but until now, none of the companies invested by Hongmen have risen to rise, including the company with assets of more than 3 billion US dollars.
Of course, this is Xu Qing's standard to judge.
Judging by Hongmen's standards, any company with assets of more than 100 million US dollars is considered to have risen.
The information given by the Hongmen boss is very detailed, and there is information about the business of each company, the financial status of the last five years, the number of staff and so on.
Xu Qing first removed those industries that he was not interested in, leaving more than 80 company information.
Then Xu Qing cut out the company with assets of less than $5 million, and the assets were too small.
Xu Qing also noticed that among the companies he had removed, there were no companies he had heard of in later generations.
However, Xu Qing did not see the names of the companies he had heard of in later generations among the more than 130 companies in Hongmen.
The companies he heard of in later generations were basically well-known companies.
In this way, Hongmen is also quite sad, investing in so many companies, and none of them have become well-known companies.
Or maybe a well-known company now, but it didn't live to be hereafter.
After more than an hour of screening, Xu Qing selected 7 companies that he felt could be exchanged for shares, and these 7 companies all had assets of more than 10 million US dollars.
Next, the two will talk about how many shares to exchange.