readx;

Chapter 1144 The Deal Behind It

On the issue of the integration of Internet resources, Dongda Chuangyu and Zhuoyu will not drag their feet, but Quantum Online is an overseas listed company after all, and such a large business adjustment needs to be approved by the board of directors. Pen "Fun" Pavilion www.biquge.info

Although Oak Park is the largest shareholder and the management shareholding ratio is quite high, if the foreign shareholders insist on resisting, the plan will not be implemented.

The board of directors of Quantum Online is represented by two foreign directors, one on behalf of Walden venture capital funds and the other on behalf of Goldman Sachs' venture capital funds.

After six months of the lock-up period after Quantum's online listing, ESS resolutely made the decision to reduce its holdings. At that time, the total number of shares publicly issued by Quantum Online was only 5.5 million shares, and the reduction of ESS was as high as 17 million shares. Even if the market was still in an upward channel at that time, it was impossible to have such solid market support, and after hesitation, Walden and Goldman Sachs both decided to continue to hold Quantum Online's shares for the time being.

I never thought that when the ESS reduction was clean and they were just about to implement the reduction plan, the Nasdaq would not be able to withstand it. Within eight trading days, Quantum Online's stock price had halved several times. In this process, Walden and Goldman Sachs both tried to reduce their holdings, but found that the support was too weak, and they opened up a little, and the stock price bottomed sharply, and they had to tacitly agree with each other to suspend the pace of reducing their holdings and wait for the right time to come.

Zeng Zihui, vice president of Goldman Sachs in Asia, is visiting Jian Ye for the first time.

Although it was already early summer weather in Jianye in late May, it was a little hot, and young girls in short skirts and suspenders were already shining on the streets, preying on the eyeballs of pedestrians.

In the café on the street of Xuefu Lane, there is a strong aroma of coffee, transparent floor-to-ceiling glass windows, and the sycamore branches outside the window are lush and green, from the gap in the treetops, you can occasionally capture the shadow of a young and beautiful young girl, Zeng Zihui doesn't understand why Zhang Ke chose to meet him in this ordinary café, but it feels quite bad.

Zeng Zihui had more contact with other high-level officials in Kumho, and it was only the third time he met Zhang Ke. One was in Beijing, for Quantum's online listing on the NASDAQ; One was San Francisco, the matter of a global music online equity deal; Zeng Zihui is also a young man, after graduating from Harvard, he entered Goldman Sachs to work, and at the age of 30 he served as the senior vice president of Goldman Sachs Asia.

Zhang Ke leisurely took the stainless steel spoon and stirred the coffee in the cup, but the coffee cup may not be too small, you can grab four or five in the palm of your hand at the same time, the stainless steel coffee pot looks fifteen or sixteen centimeters high, but the capacity is really limited, Zhang Ke accompanied Zeng Zihui to sit down and talk about Jianye's scenery Not long after, he asked the waiter to add two pots of coffee, which is completely without the elegance and leisure of ordinary people drinking coffee.

"Shin Kong Paper's listing in Hong Kong to raise funds, I have always been tired of running around, I still want to entertain you in Jianye, I didn't expect your schedule to be so tight, you have to catch a plane to Beijing in the evening......" Zhang Ke said.

Zeng Zihui watched Zhang Ke drink coffee into his stomach, and there were traces of sweat on the short sleeves of his tennis shirt, knowing that he had just finished playing tennis and came to see him, of course he envied his leisureliness, and said with a smile: "It's not easy to eat with a mouthful of food...... I've been thinking about what Ke Shao said last time in San Francisco, since I have the opportunity to stop from Jianye, I also want to come over to enjoy the leisure of Jianye, but the itinerary is too rushed...... Make an appointment to meet Mr. Joyce in Beijing in the evening, but you will be able to stay for an extra day. ”

The flight from Hong Kong to Beijing is always much more dense than the flight to Jianye, and Zeng Zihui naturally had other intentions for a short stay in Jianye; Joyce is Goldman Sachs' equity director representative on the board of directors of Quantum Online.

After receiving Zeng Zihui's fax request from Hong Kong, Zhang Ke understood what he meant, and at this time, he saw that he made his intentions clear, and also said: "I have heard that Mr. Joyce is a very interesting person, you can meet him in the evening, help me give him a little greeting, I hope he has a pleasant trip to China......

Although the regulatory system of the U.S. securities market is tight, there are no gaps to drill for chaebols like Goldman Sachs.

During this period, the Nasdaq index oscillated violently, and Internet stocks showed no signs of stabilization, and the deepest decline of the Internet even lost 80% of its market value, and some websites began to close down without support. The stock price of Quantum Online barely maintained at $20 per share, but it was very fragile, and Walden and Goldman Sachs did not dare to reduce their holdings rashly, but they were afraid that if they delayed, the situation would further deteriorate and they would completely lose the opportunity to reduce their holdings.

If Quantum Online can have substantial benefits at this time, it will provide excellent cover for Walden and Goldman Sachs' shareholding reduction plans.

Kumho wants to adjust the network resources of Dongda Chuangyu, Zhuoyu and Quantum Online, which can actually convey greater benefits to Quantum Online and create a substantial benefit.

Kumho only needs to transfer two or three million dollars of benefits to Quantum Online, and it will be able to get out of the nearly one billion dollar shares of Walden and Goldman Sachs safely -- this is Zeng Zihui's intention here, of course, no one can trust anyone, and some words can be pointed, and they can't be said thoroughly, so as not to leave a handle.

The U.S. securities regulatory system cannot supervise this level of operation, which is why the American people hate monopolies, and many commercial monopolies often plunder ordinary people are not supervised by the legal system.

Of course, the business world puts profit first, and there is not much human affection to talk about. At the beginning, ESS chose to resolutely reduce its holdings, while Walden and Goldman Sachs postponed, which actually covered ESS and allowed ESS to pick up a big bargain and successfully cash out at a high price, but there was no need to repay the favor.

What's more, Zeng Zihui's trip may not necessarily represent the Goldman Sachs company behind it, but is more likely to represent a Goldman Sachs internal group with Zeng Zihui's participation. Goldman Sachs missed the opportunity to reduce its stake in Quantum's online stock, resulting in hundreds of millions of dollars of high profits turned into flowers in the mirror, and it is inevitable that high-level people will be held accountable for this. Instigating Zeng Zihui to come forward may be a self-protection action by some people within Goldman Sachs.

Of course, Zeng Zihui's price is also expensive.

Shin Kong Paper is actively preparing to list on the Hong Kong Stock Exchange to raise funds to launch a larger pulp project. Coinciding with the bursting of the Internet bubble, Hong Kong stocks have also been greatly affected, and after the Asian financial crisis, red chips have been in a downturn, even if Shin Kong Paper's financial situation has been very good in recent years, and Kumho is behind the support, but as a domestic private enterprise to Hong Kong public listing fundraising, and the amount of funds raised is one billion US dollars, the difficulty is still unimaginable.

CNOOC Limited went public in Hong Kong last year, raising only US$1 billion.

Although the profit level of Shin Kong Paper is high, the profit level has been increasing rapidly in recent years, but the scale of net assets is still a little small after all.

Although many investment institutions are interested in participating in Shin Kong Paper's stock offering, they still feel that Kumho's offering price is too high, and investment institutions led by Goldman Sachs, Guoyu and HSBC hope that Shin Kong Paper's offering price can be lowered by one-third.

At this time, the negotiations were deadlocked, and the investment institutions and underwriters were very tight, and there was no progress.

Zeng Zihui's position as the vice president of Goldman Sachs Asia is quite crucial, and it can indeed provide great convenience in this process, and can even make Goldman Sachs' attitude waver first, so that Kumho's side is in an active position.

To put it bluntly, this is an exchange of interests, and Zhang Ke has no psychological burden at all, and perhaps American shareholders will feel that Kumho is conveying benefits to them.

After drinking coffee happily, Zhang Ke specially asked Fu Jun to send the extended Lincoln to send Zeng Zihui to the airport.

At dusk the next day, Zhang Ke was reading materials in the library and received an angry call from Du Fei.

"The Yankees are crazy about money," Du Fei said angrily on the phone, "At the board meeting of Quantum Online, Ma Xiangdong almost got into a fight with the representatives of Goldman Sachs......

"Didn't fight?" Zhang Ke asked with a smile.

"Didn't you say almost? The Yankees demanded a change in the plan, and do you know how insatiable the Yankees are? I can't tell you on the phone, where are you? I'll show you the fax. ”

Zhang Ke made an appointment with Du Fei to meet in 1978, he packed up the materials and walked slowly to 1978, Du Fei, Sheng Xia, Zhao Zilin, Shi Xuebin, Xie Zijia and others were already waiting for him inside. Zhao Zilin is also a member of the board of directors of Quantum Online, but at this meeting, Ma Xiangdong was entrusted with plenipotentiary representatives to discuss the adjustment plan with representatives of Goldman Sachs and Walden, so Zhao Zilin did not make a special trip to Beijing to attend the board meeting.

"Look at the Yankees' insatiable greed!" Du Fei faxed the plan submitted by the representative of the board of directors of Goldman Sachs to Zhang Ke, "Quantum Online put the MICQ business into Dongda Chuangyu in exchange for 8% of the shares, which is already quite a loose condition, and the Yankees actually proposed to reduce the shareholding ratio to 6%, but additionally asked Dongda Chuangyu to pay 20 million US dollars in cash to Quantum Online, do you say they want money crazy?" ”

Zhang Ke took the plan that had formed a tacit understanding yesterday in his hand and looked at it, and when he saw Du Fei's indignant appearance, he said with a smile: "It's not bad, maybe they think that 2% of Dongda Chuangyu's equity is worth 20 million US dollars," he took out a pen from his shirt pocket, signed the fax casually, and said, "Okay, I will ask Aida Group or Kumho Commercial to increase its 2% stake in Dongda Chuangyu for 20 million US dollars, and there is no need to notify Quantum Online ...... for the time being."

Du Fei and Shi Xuebin couldn't twist for a while, but Xie Zijia snorted disdainfully: "Hmph, it's a grey market transaction again!" ”

"Whoever said that there was grey market trading in it, I wouldn't admit it. If a 30% stake in Global Music Online can be sold for a high price of $900 million, why can't the entire value of Dongda Chuangyu be worth $1 billion? We can't afford to favor one over the other. Zhang Ke salivated and smiled, and said to Du Fei, "This matter is so decided, you send the fax to Ma Xiangdong, there is really no need to roll up your sleeves with the American guests, and let him give the American guests a pleasant vacation in Beijing......

Xie Zijia pouted slightly, knowing that because of her presence, Zhang Ke didn't say it thoroughly, slightly raised her head and looked at the beautiful rotating light strip on the ceiling of 1978, whistling softly, she could guess that there was a grey market transaction behind her when she closed both eyes, otherwise where could Zhang Ke suffer this loss?

Before the Internet bubble burst, 2% of Dongda Chuangyu's equity may be able to cheat back 20 million US dollars, and it is not outrageous to bluff people into blowing up 1 billion or 800 million US dollars, but now the NASDAQ network stocks have fallen by more than 80%, and more than eighty percent of the stock prices of Internet stocks have been cut in half.

Xie Zijia's suggestion has a key inspiration for the final formation of the Internet business restructuring plan. Kewang Hi-Tech injected 80 million yuan into Dongda Chuangyu in exchange for 10% of the equity - that is, when accepting the capital injection from Kewang Hi-Tech, the market value of Dongda Chuangyu was only converted into less than 800 million yuan.

Xie Zijia can only whistle and express his inner disdain and dissatisfaction, is it possible that he still pulls Zhang Ke's ears and makes him confide in what kind of grey market trading is hidden behind it? This time for Dongda Chuangyu, it is just a bridge transaction, there will be no substantial benefits, there will be no substantial disadvantages, even if Kewang Hi-Tech becomes the equity of Dongda Chuangyu, she Xie Zijia and on behalf of Kewang Hi-Tech to attend the management team of Dongda Chuangyu, there is no need to inform her of some things.

Du Fei pursed his lips, didn't ask much, and said to Shi Xuebin: "You immediately send a fax to Quantum Online on behalf of this side, so that Ma Xiangdong and Yankees don't ...... again."

The board of directors went to the east to quarrel with the Goldman Sachs representatives, and it was also determined that the plan proposed by the Goldman Sachs representatives would definitely not be recognized by this side, and that the Goldman Sachs representatives were stirring up the situation, so they became angry and spoke viciously at the board meeting. Now that we agree with the plan proposed by the Goldman Sachs representative, Quantum Online can still obtain substantial benefits, and Ma Xiangdong is not happy, so he will naturally be able to settle his suspicions with the Goldman Sachs representative. It doesn't matter if you can't let go of your suspicions, after Goldman Sachs and Walden reduce their holdings, the board of directors will inevitably make adjustments, and there will be no more Goldman Sachs and Walden representatives.

Zhang Ke looked at his watch and said to Du Fei and Sheng Xia: "I'll invite you two to dinner......

Zhao Zilin and Shi Xuebin all said goodbye and left, if it involves a grey market transaction with Goldman Sachs, either they are members of the 29-person meeting, or Du Fei, who has a special relationship with Zhang Ke, is qualified to know the details.

The setting sun seemed to float on the ridge of the roof, and the Xuefu Alley below the canopy of the plane trees was shrouded in a very faint shadow, and at this time, the Xuefu Alley was the most lively, and it seemed that students from nearby colleges and universities were pouring in. Although there are high-end restaurants on Xuefu Lane, there are not a few wealthy families among college students, not to mention that white-collar workers near Yangui Lake like to dine here, Zhang Ke and Du Fei and Sheng Xia even found a few restaurants, but they didn't find a vacant seat, so they walked along Xuefu Lane in the direction of the Conservatory of Music.

Zhang Ke told Du Fei about Zeng Zihui's short stay in Jianye yesterday, and said: "Provide more funds to Quantum Online, and reduce the pressure of making profits; In addition, the listing of Xinguang Paper also has to relieve some pressure, and the preparation of the pulping project has been four or five years, and the cake cannot be painted there all the time......"

Throw the peaches out here, and that side should also report Li immediately.

"Then we are not under a lot of pressure," Du Fei said with a smile, "At least financially, the East East Innovation is acquiring Quantum's MICQ business at the cost of $20 million in cash and 6% equity......

"yes, how can I make you feel no pressure at all." Zhang Ke said with a smile.

It is only the early summer of 2,000 years, and the number of Internet users in the country has just exceeded 20 million...... Not to mention the MICQ variable, Microsoft has also paid more attention to the development of MSN and email business in China due to the influence of Kumho than it has happened in the past. Microsoft's R&D center in China is a new R&D department for Internet technology products and services, which is several years ahead of the history in Zhang Ke's memory, and may not frequently appear msn, hotmail login, server drop chain, maybe msn's performance will not get worse year by year, in the instant network communication market, dongda chuangyu can naturally get a piece of the pie from tencent's mouth.

Zhang Ke, Du Fei and Sheng Xia walked to the mouth of the alley, ready to turn east to find a restaurant, and watched Li Xinyu holding two books and talking to two strange young people in his arms. Zhang Ke passed by, Li Xinyu smiled at him, the smile was pure and charming, she was wearing a half-sleeved shirt with fine plaid lines, straight-leg jeans, habitually holding a book in front of her chest, tall and slender, but her full chest was blocked by her arms, and only from the side did she see the moving curves that almost touched people's hearts.

Listening to Li Xinyu's conversation with two strange young people, she had just come out of the library and stopped these two people to ask for directions.

"I'm sorry, I'm not familiar with Dongda either, or I'll ask my friend to send you ......over," Li Xinyu apologized to the two strange young men guiltily.

"Then forget it, I still want to thank you......" The two young men who asked for directions saw Zhang Ke and them coming, so they said goodbye and left boringly.

"Where are you going to Dongda, I'll send you over, the ...... of many of my younger brothers in Dongda" Looking at the backs of the two young people leaving, Zhang Ke smiled and drank, and then turned back to ask Li Xinyu, "How many people can you encounter every day when you walk through Xuefu Lane?" ”

"Maybe people really don't know the way!" Li Xinyu said with a slight shame.

"yes, we can't find a restaurant with a vacant seat, I wonder if you can take us there?" Zhang Ke said with a smile.

"If you don't mind eating hg, I know where you should go." Li Xinyu said.

"Is there a seat available at HG at this time?" Du Fei asked.

For 2,000 years, the Korean Wave is blowing hard, and there are many HG international students in Jianye, and several HG restaurants in Xuefu Lane are more crowded than Chinese restaurants and Western restaurants at this time.

"There's a new restaurant in Nancui Garden, I've eaten there, and it feels pretty good, if you don't mind, I'll invite you to come over and dine." Li Xinyu said.

Nancuiyuan is a high-end villa community built by Jingdian Real Estate in the name of Haisu Science and Technology Software Industrial Park, which has become synonymous with Yangui Hunan area. Because Nancuiyuan lives in a group of wealthy families, there are many high-end restaurants nearby.

I didn't bother to go back to the youth apartment to pick up the car, and I didn't bother to ask the staff to drive them there, so I stopped a taxi on the street and went to Nancui Garden. It was a Korean restaurant called Hannamdong Restaurant, authentic HG decoration, the sunset did not reach the back of Yangui Mountain, there were not many guests in the restaurant, and when I walked in, I saw Hu Jinxing standing on the window seat with his sleeves rolled, Wang Haisu and Chen Yong sat and didn't know what they were talking about, just because they were engaged in chatting, they saw Zhang Ke and they walked in at first glance, and the word surprise almost carved on their faces.

In the past few trading days, the network concept stocks in Shanghai and Shenzhen have continued to probe the bottom, and Haisu Technology still firmly holds the bottom limit of 30 yuan per share. The data analysis department of Kumho Economic Research Center has monitored that the concentration of Haisu Technology stocks is constantly increasing, and the rate of improvement is very fast. This shows that Horizon is holding on behind the scenes to prevent the stock price of Haisu Technology from falling below the psychological floor price of ordinary shareholders. Even if it is difficult to trace the specific tractor accounts that Horizon used for behind-the-scenes operations, based on the concentrated active trading volume of the Securities Operations Department, it can be roughly judged that Horizon was forced to raise 600 to 800 million yuan of shares of Haisu Technology during this period in order to support the stock price.

Chen Yong and Hu Jinxing's faces are very bad, and it is not difficult to understand, Zhang Ke still remembers that in the early stage of the Internet bubble on April 26, they were eating with the account manager of Yunlin Securities in Xuefu Lane, they should have wanted to rush in to catch the last money before the additional issuance of Haisu Technology and have actual actions, probably would not have thought that the stock price of Haisu Technology would also collapse with the overall situation, and now it is only supported by Horizon behind it, so as not to break through the psychological price of 30 yuan per share.