Chapter Twenty-Eight: The Trouble of 5% Shares
Xia Qianhe came to Chu City this time for two reasons. The first is revenge, for Lin Feng to knock out a front tooth before, and second, the real purpose of this trip, to acquire 5% of Lin Feng's shares in Tengxwang. And everything has been done on the premise of the second point.
Xia Qianhe's mother's company, the well-known IMH consortium, took a fancy to the future development prospects of Tengx.com, and decided that it would become China's "American Online". (At this time, Google was a very small company that had not yet been seen by most of the world.) )
On January 10 of the year, AOL and Time Warner announced a merger to form "AOL-Time Warner", which shocked the world, making the two companies the seventh largest company in Shijie with total annual sales of more than $30 billion, and the value of the new company is as high as $350 billion after the merger, equivalent to the combined GDP of Mexico and Pakistan.
Xia Qianhe's mother's IMH consortium naturally did not have the financial resources and courage to swallow up the giant "America Online", but the rise of the domestic Teng X network has given IMH an opportunity, especially after the Teng X network launched the membership system and the mobile network joined forces, the prospect market is more optimistic.
At this time, one of the original shareholders of Tencent.com, Hong Kong Pacific Century Digital, sold its 20% stake in Tencent Holdings to Xia Qianhe's mother's IMH consortium for $25 million due to debt problems, and the IMH consortium is also approaching another major shareholder, IDG, to acquire 20% of its shares at a price of $25 million to $30 million.
Ma Huateng and other entrepreneurial gangs have recently begun to make profits due to the launch of a membership system and the alliance with Mobile. However, the financial situation has deteriorated again recently due to the need to pay for the servers of Linkwind Jingle and Counter-Strike. This also stems from Ma Huateng's underestimation of the development of Dingdang.com, and he didn't expect that in a short period of time, it would become the second largest online trading network after Yix.com, which made the originally slightly wealthy server crew suddenly overstretched.
Under the constraints of the contract, in order to continue to develop, Ma Huateng had to raise funds again. At this time, IMH offered to acquire a 10% stake in Tencent for $20 million. However, it was rejected by Ma Huateng, who was only willing to sell 5% of the shares at a maximum price of $4 million.
Although this ratio is not satisfactory to the IMH consortium, counting the 5% shares in Lin Feng's hands, it is enough for IMH to own 50% of the shares of Teng X.com, which is the same as the shares of the original creative team such as Ma Huateng, and the company's management rights can be fought for in the future.
Therefore, Xia Qianhe's mother asked Xia Qianhe to give up her personal grudge with Lin Feng and buy 5% of Lin Feng's shares for $5 million, even if the price is higher, it doesn't matter, in short, Xia Qianhe must take 5% of Lin Feng's shares.
Unexpectedly, Xia Qianhe was beaten by Lin Feng and lost a front tooth, and there was a trace of flaw on the originally perfect handsome face, which made Xia Qianhe angry. Now that he is asked to buy Lin Feng's 5% Teng X network shares with a cooperative or even pleading attitude, Xia Qianhe really can't pull his face.
So Xia Qianhe decided to snipe all of Lin Feng's industries first, and when Lin Feng was in a desperate situation, he would appear as a savior and propose to buy 5% of Lin Feng's shares to save him. This not only satisfies Xia Qianhe's pride, but also completes her mother's jihua, which can be described as the best of both worlds.
And the so-called "game" before was just a joke, and it was also Xia Qianhe who gave himself a way back. In case the sniper fails (of course, Xia Qianhe never thinks that he will fail), he can also propose the acquisition as a friend. And when he came forward to help Lin Feng get back the business license, he was also afraid that Lin Feng would not develop the industry in a fit of anger because of the hindrance of the industry, but only the network industry, so it would be difficult for Xia Qianhe to snipe at the Lin Feng industry. Once there is an industry, Xia Qianhe has too many ways to make Lin Feng fall deeper and deeper in the middle, until the debt is high and he has to sell all the shares in hand.
Unexpectedly, Xia Qianhe's sniper Jihua was cracked by Lin Feng as soon as it was implemented, but Lin Feng took advantage of this east wind to make his fast food restaurant quickly become well-known and become a household name in the country and a "red" enterprise that revitalizes the national economy, which made Xia Qianhe particularly angry. His own means instead fulfilled Lin Feng, which made Xia Qianhe not angry.
Although Xia Qianhe is a gentleman, he also understands that the smoother Lin Feng's career is, the more difficult it will be to acquire the 5% Teng Xwang shares he has on hand. At the beginning, he was able to "steal" 5% of the shares from Ma Huateng, which proved that he was optimistic about Teng X.com. If Lin Feng was not short of money, Xia Qianhe would not have been able to make a successful acquisition at all.
"Young Master Xia, it's better to be like this" A middle-aged man with pale skin and eyes that made people feel frightened at the first sight attached his ear to Xia Qianhe's ear.
"Haha, yes, it works. Xia Qianhe snapped his fingers and ordered this person to do it immediately.
The next day, not long after Lin Feng's fast food restaurant first opened, five branches and flagship stores were inspected by the Chu City Health Department, saying that they had received news that the edible oil used in the fast food restaurant's fried chicken contained carcinogenic substances and that the repeated use of fried oil was a violation.
Lin Feng received the news and smiled. As early as when Lin Feng borrowed McDonald's to take the position, he noticed the problem of cooking oil used in fried chicken. At that time, it was ordered that all branches should only use fried chicken fat once, and after that, they should never be used again, so that no one could take advantage of it. As for the waste oil after the fried chicken is used, Lin Feng has long contacted a factory to use it as fuel.
It's wasteful, but it's safe. Chinese companies are often treated unfairly by some domestic law enforcement agencies, but foreign companies can enjoy various preferential treatment, which makes Lin Feng have to be cautious.
"Check it, let them check it. But it's not enough to just check us, McDonald's and KFC won't check!" "Anyway, he has already offended McDonald's and KFC, and Lin Feng is not afraid of offending one more time.
"Mr. Lin, last time it was to promote the company, but this time it was not wise to provoke two Fortune 500 companies in the world?" Liu Yingying had to remind Lin Feng that this was definitely playing with fire. It could be said that McDonald's and KFC were disdainful of Lin Feng's pocket fast food restaurant with only five branches, but after repeated provocations, the two giants showed a little hideous teeth, and Lin Feng's bones would be gone.
Lin Feng knew Liu Yingying's worries, but Lin Feng also had his own plans. started from scratch and became popular too quickly, which is a big taboo in China, which pays attention to seniority. Sooner or later, it will cause dissatisfaction among all kinds of characters, and instead of falling into the treatment of Shili from all sides, it is better to show your attitude towards the enemy now: I am a madman, if you punch me, I will return the punch to you. Even if I can't hit you, I'll bite you.
Let those who want to suppress themselves think twice before doing it, whether it is cost-effective. As for the retaliation of McDonald's and Kentucky Chicken, Lin Feng is really not afraid. Of course, it's more about the mentality of newborn calves who are not afraid of tigers, but Lin Feng really can't think of how McDonald's and KFC can suppress themselves in addition to reducing prices. The largest of its own branches is no more than 20 square meters, and the labor and store rent are far lower than those of McDonald's and Kentucky Chicken, which are mainly located on the Golden Street. Price reduction, Lin Feng is really not afraid.
Lin Feng rushed to the flagship store immediately.
"Yo, I didn't expect Director Zhao to personally lead the team, I don't know what my little fast food restaurant is for?" Lin Feng teased.
"Boss Lin, you're here just in time. We received news that the cooking oil used in your fast food restaurant fried chicken contains carcinogens, and the repeated use of fried oil violates the Food Safety Law of the People's Republic of China. Please also cooperate and let us check. Director Zhao said coldly.
"Director Zhao, it's not impossible to inspect, but weishenme only inspects our fast food restaurants, and weishenme doesn't inspect the McDonald's and KFC chicken opposite?
When the customers who came to eat heard this, they immediately started to laugh. Originally, McDonald's and Kentucky chicken have never seen and inspected, the fast food restaurant opened by the Chinese, you will come to check as soon as it opens, is this bullying the Chinese people?
Director Zhao frowned, when he dealt with Lin Feng before, Lin Feng was humble and flattering, but now he is a villain and does not take himself as the director in his eyes.
As soon as Lin Feng saw Director Zhao's face, he knew what he was thinking. Yes, for the sake of barbecue restaurants and other businesses, Lin Feng begged Director Zhao a lot and touched a lot of nails. But now the fast food restaurant is revitalizing the national economy and developing its own national brand, which has won the appreciation of Yu Haowei, the mayor of Chu City, and has spoken many times at the municipal executive meeting to vigorously support the entrepreneurs who start their own businesses in Chu City (learned through Meng Dong).
Lin Feng is naturally full of confidence now. As long as he didn't violate the rules and had Mayor Yu Haowei's support behind him, Lin Feng was not afraid of these people coming hard, just like forcibly banning his business license before.
Director Zhao's face was pale, but Lin Feng didn't let him check, and he couldn't break in, not to mention that there were many guests eating now, and he didn't dare to make too drastic moves, which would not benefit him at all. If he is propagandized that he admires foreigners and helps foreign fast food restaurants suppress independent fast food restaurants, his political career will come to an end. Especially now that the Chinese people are paying special attention to this fast food restaurant, he must be careful and careful in his every move.
"Okay, when I'm done checking your fast food restaurant, I'll check out McDonald's and Kentucky Chicken. "Director Zhao Zuihou had to compromise.