173. Take a long-term view

On Tencent's side, Ma Huateng is like a big enemy. Pen "Fun" Pavilion www.biquge.info

In terms of popularity, Lin Feng is relaxed.

When Fengxing launched a comprehensive mandatory cash takeover offer for Tencent, he only allowed Li Dong and Zhao Yihua to remain in Hong Kong on behalf of Fengxing to continue the follow-up tender offer and respond to the Hong Kong Securities and Futures Commission and the Stock Exchange.

He flew back to the capital.

Unexpectedly, I was very interested in going to the floral training class in Sanlitun and picking up Ye Weiyu from class.

Ye Weiyu was overjoyed to see Lin Feng appear, and asked Sun Lin, who accompanied her to participate in the floral training, to drive her own car, she happily took Lin Feng's hand and sat in the back seat of Lin Feng's Maybach.

"Shouldn't you be in Hong Kong now, staring at the acquisition of Tencent? Why did you come back all of a sudden? Ye Wei asked.

Lin Feng held Ye Weiyu's hand, his eyes slightly closed, and he leaned back in his chair - he had indeed spent a lot of energy during this time, and he was a little tired.

Smelling the faint fragrance of flowers coming from the delicate body next to him (Ye Weiyu practiced flower arrangement in the floral class all afternoon), I felt extremely stable and warm.

The turbulent struggle in the shopping mall is not the whole of life, but he works hard to seize all opportunities, just to have the right to enjoy life so easily and freely.

The further you go, the narrower the road becomes, and the more difficult it is for your opponent to deal with.

Nipping competitors in the bud is the most basic risk and safety awareness as a reborn.

After the battle of Tencent, there is no opponent worthy of his shot in the past two years......, Shanda himself has gone astray, Baidu is obsessed with technology, Ali will have to wait two years to grow ......up, and he can live a good life in peace!

"The matter in Hong Kong, after I signed the agreement with MIH yesterday, is actually over." He smiled faintly and explained to Ye Weiyu.

"From the very beginning, my strategic goal was to take a stake in MIH and become the largest shareholder of Tencent. Rather than a full-blown takeover of Tencent. ”

"From the business level, the two companies are similar, but also different, the difference is that Tencent has QQ, which is the best social software in China, and is relatively weak in other businesses, while Fengxing is in many aspects of the layout, many business lines are already the leading position in China, but lack a core pillar products. So I launched FF. But compared to QQ, FF is still too weak, and the focus is slightly different. ”

"The full acquisition of QQ means that many aspects need to be integrated, which is a big project, and it will lose a lot of talent to competitors ....... But my purpose is just to ensure that QQ does not have a bad impact on FF, and it is best to form synergies and complementarities. From this perspective, becoming a major shareholder of Tencent can also exert influence. In addition, ...... full acquisition of Tencent is too expensive, we have limited funds, and there are still many things to do, so we can't spend all of our ...... on the acquisition of Tencent. ”

"Therefore, this Fengxing's acquisition of Tencent was for the 37.5% stake from the beginning!"

"The shares absorbed through other institutions are only a stopgap measure to prevent MIH shares from not being able to take them."

"As for the general compulsory takeover offer that follows, there is no way at all, as long as the shares of the popular and concerted actors exceed 30%, it will be triggered, then according to the rules of the Stock Exchange. Tencent will also find ways to prevent us from getting more ...... shares. ”

"Actually, they don't know, I don't want more shares at all, haha!"

"If you want to fully acquire Tencent, the biggest difficulty at this stage is the shares in the hands of the management team, four of Tencent's five founders are classmates, deep feelings, can only start from other managers, but ......, can be used by means of people, I dare not use in the future, and if I can't take it, in the end I can't guarantee 75% of the voting rights."

"I'm too lazy to do that extra work."

"Therefore, I can now predict the final outcome of the tender offer: after the end of the offer, Fengxing will receive up to another 10% of the shares, and then it will need to put 25% to the market at the right time, and finally it will remain at 37.5%, replacing MIH as the largest shareholder."

"Now that we know the results, what do you think I'm doing in Hong Kong?"

"Tencent's Ma Huateng and several founders, including the management team, are all talents, let them work hard, develop Tencent, and help me, a major shareholder, make money, isn't it?" Lin Feng chuckled.

Ye Wei didn't seem to understand it, and asked, "Then aren't we a little lost?" The price of the takeover institution and the mandatory offer is 6.75, which is much more expensive than the current share price of Tencent at 4.32! ”

Lin Feng laughed and said: "Stupid girl, Tencent's stock price is not static, it will rise!" ”

"I don't believe you wait and see, during the offer period, Tencent's stock price will definitely rise ......, and Ma Huateng and they will also help us raise the price." We hold it first, and then slowly sell the excess shares when appropriate. ”

Lin Feng's tone became a little distant, and his eyes looked ahead without focus: "Tencent will grow into a great company, and it will be popular...... It should also grow into a great company. Believe me, girl, one day in the future, both of these companies will grow into ...... of terrifying behemoths. ”

After Fengxing becomes a major shareholder of Tencent, no matter how many obstacles are set up by Tencent's board of directors, relying on the voting rights of major shareholders, and then dividing and disintegrating Tencent's internal personnel, Fengxing can control Tencent's board of directors in a maximum of two years.

Tencent will be at the forefront of the competition in the future.

Fengxing took a step back, won more space for stable development, and worked together with Tencent as a similar ally.

And now, through the first step, the threat of QQ to FF in the early stage of FF launch has been eliminated, giving FF a space to grow.

Compared with QQ, Lin Feng wants to see what the FF he created single-handedly can grow into.

…………

"By the way, Yezi, how much did Maple Leaf earn this time?" Lin Feng suddenly remembered and asked casually.

Ye Weiyu's Maple Leaf Investment cooperated with Fengxing this time to absorb a large number of Tencent shares in the secondary market, and then transferred this part of Tencent shares to Fengxing through a transfer agreement. One in and one out, the spread is very high.

Since Lin Feng can offer such a high purchase price to other institutions, he will naturally not let Maple Leaf Investment suffer a loss.

"Hehe, almost 70% of the profits, I earned 120 million Hong Kong dollars, and now the total amount of Maple Leaf's funds has exceeded 300 million!" Ye Wei was a little proud.

Through the two operations of Menglong and Tencent, the original 120 million funds have more than doubled, which is still her casual operation in addition to flower arrangement, cooking skills, and piano practice, so she can't help but be unhappy and proud.

Lin Feng looked at her cuteness, and pinched her high nose lovingly: "My girl is awesome, I see that you are about to grow into an investment predator!" ”

Ye Wei said honestly: "What's the matter, it's all following the popular strategy to take advantage, Maple Leaf has not yet formed its own investment strategy, and I'm still learning, but several investment managers in the company are in good shape, and they have been doing research recently, looking for good investment targets." ”

Lin Feng nodded: "Okay, come on, you can do it!" ”

Originally, I asked Maple Leaf Investment to coax his girlfriend, but he was a little tired, closed his eyes and leaned on the back of the chair, and after a while, tiredness swelled up, and he squinted unconsciously.

It's just that his hand is still holding Ye Weiyu's slender hand tightly.

Ye Weiyu also knew that he must have been very tired recently, so she leaned on his shoulder obediently and stopped talking.

Maybach drove smoothly on Ping'an Street, but there was a faint warmth in the carriage.