Chapter XXVIII. Equity

(Today I slept another day, sweated all day, drank at least three liters of hot water, and felt like I had become a bucket.) Pen? Interesting? Pavilion wWw. biquge。 ο½‰ο½ŽfoοΌ‰

When it comes to Temasek, almost no one in the investment community will not know that this company controls almost all of Singapore's Guolian enterprises, and has actively expanded outward in the past decade, and has participated in countless corporate investments in Asia, including Europe and the United States, and is well-known in the industry.

In addition to other sectors, Temasek has a stake in as many as 17 foreign banks. The four major banks in China, except for the Agricultural Bank of China, the other three banks have their shares. The lowest of these is the Industrial and Commercial Bank of China, but it also has a 5.2 percent stake, and the highest is the Bank of China, which even has nearly 14 percent of the shares.

This is not the highest, Standard Chartered Bank has a stake of nearly 20 percent, and the top four banks in Indonesia and the third largest bank in the Philippines have a stake of more than 60 percent, which is a full control.

Therefore, although Temasek's own assets under management are less than 100 billion US dollars, they are not underestimated by any investment institution in the world.

Zhou You suddenly did not understand the intentions of the young leader, and wondered whether he was really interested in the shares of Sands Group, holding shares for a long time, or just trying to use the opportunity to make a quick buck for Temasek.

But if Temasek does get involved, it will be a long-term idea for Temasek to work with Adelson.

Instead of answering the young leader's words directly, he said: "Is it really appropriate for Temasek, as a state-controlled company, to participate in a spinach group's shares?" ”

The young head did not answer him directly, but said with a smile: "You can convey my opinion to him and tell him: if you are willing to let Temasek participate in the shares, we will carefully consider his application." ”

Zhou You suddenly understood, and said in surprise: "Gambling cards!" ”

The young master paused for a moment and laughed. "Your head is really spinning so fast, you can guess it directly."

This is how fast Zhou You's head turns, because this incident happened in the later generations.

Adelson's Sands Group didn't know why, but it directly got Singapore's first gambling license, and invested more than 40 billion yuan in Singapore to build a Sands Entertainment City that the world is amazed by.

With a terrace more than 300 meters long on top of the 55-storey building and the world's tallest and largest outdoor swimming pool, this casino has become a miracle in the history of world architecture since the day it was built.

Zhou You didn't understand why Adelson was able to win the first gambling card at that time, but now, he understood a little. Maybe Sands itself has a stake in Singapore, otherwise, why could he, an American, open a casino in Singapore.

The words of the young master were over, and he did not continue to talk about this issue with Zhou You, but turned the topic to Zhou You's loan collateral.

"I also saw reports from three banks today that they borrowed $800 million from banks against the shares of the technology companies you invested in. I don't know if you're interested in switching to a different way of working together, which is for Temasek to take over some or all of your shares, so that we can also pay a higher price. ”

Zhou You asked in surprise: "Could it be that in one afternoon, you have already analyzed the actual value of these shares?" ”

He nodded and said: "Since your birthday this year, Mr. Ma of Tencent Company and Mr. Li of Qiandu Company came to Singapore, we have been continuously observing the development of these two companies, and I have to say that your investment in these two companies really has a pair of discerning eyes." We are also very optimistic about the growth of these two companies, but at the moment, it seems that they are not thinking about a third round of funding, so even if Temasek wants to get involved, there is no chance. ”

Zhou You shook his head and said: "It is precisely because of this that I will not consider the shares in my hand for the time being, because I am also very optimistic about the future of these two companies." However, I can assure you that if there is a third round of funding, we will give priority to Temasek, and my stake will only be sold in small quantities at that time to attract stronger investors. ”

"That's really a pity...... "The young master didn't get angry, but groaned and asked: "Are you very optimistic about the development of Internet companies in the future?" ”

Zhou You nodded and said: "This is the third change of the industrial revolution, and the Internet and high-tech enterprises will talk about the future development focus. ”

At this time, the young lady's wife, He Jing, walked in with a steaming biscuit and affectionately handed it to Zhou You. "Come, Evan, and try my craft...... What about the dragon dragon? ”

"I was taken upstairs to play...... Well, pretty good......"

In addition to fruits, I don't like sweets, and this biscuit is baked salty. There are also some vegetables added to it, and it tastes really good.

The young head told her about the communication with Zhou You just now, and He Jing quickly changed from a housewife to a leader in charge of hundreds of billions of assets.

"Evan, Mr. Li came to Singapore again later, the main purpose is to promote the development of Qiandu in Southeast Asia. I am also very optimistic about this project and am willing to promote Qiandu to become the main search engine in Southeast Asia. ”

Zhou You nodded and said, "I have also heard Mr. Li say this, and I am very optimistic about this plan." Despite its small size, Singapore is the center of Southeast Asia, and countries such as Indonesia and Malaysia, as well as the Philippines, Thailand, and Vietnam, have generally taken Singapore's development as their benchmark. At present, the Yahoo search engine is still mainly used in Southeast Asia, but the limitations of this technology are far worse than those of the emerging Google in the United States, which I think many professionals in Singapore have already seen. ”

He Jing nodded and said, "That's why I have a strong interest in the development of Qiandu Company, and the next important investment in Qiandu Company has been included in Temasek's development plan." The current difficulty is that in order to seek development, Qiandu must reserve sufficient shares to introduce technology investment, so we will not give too many shares, and if it is only less than 20% equity, Temasek's efforts and returns will be disproportionate. And you have a 20% stake in this company, so if you want to get more shares, you need to make some sacrifices on your side. ”

In this life, the shares of the company were invaded by American capital at the beginning, and most of the shares were controlled by American companies, but in this life, most of the shares of the company are still in the hands of the founder, and in the two rounds of investment, all the shares controlled by the four American companies add up to less than 30%.

Zhou You asked, "What is Temasek's hope?" ”

He Jing stretched out three fingers and said, "Thirty percent." ”

Zhou You shook his head and said, "Your requirements are too high......"

Now the Yankees hold 27 percent, Zhou You is 20 percent, and the founders still have 53 percent, and if Temasek directly wants 30 percent, then the founders team will only have 23 percent.

It is only the third round of financing, and there will be two rounds of financing before the listing, and by that time, the shares in the hands of the founding team have long been diluted, which is obviously not in the interests of the founding team.

If they want to develop a viable company, of course, they will not accept that their shares will be diluted too much, at least before going public, and maintaining more than 40% of their shares is the safety line.

He Jing said: "It's not high at all, because our Temasek acquisition of these shares will not only introduce Qiandu into Singapore's science and technology corridor strategy, but also actively promote the development of Qiandu in the Southeast Asian market, and more importantly, we have countless technical talents and technical reserves in Singapore, which will greatly enhance Qiandu's competitiveness in the world." ”

Zhou You nodded and said, "I can transfer five percent of your shares in this round, and if each company also transfers five percent of you, plus the founder team transfers thirteen percent to you, you can own twenty-three percent of the shares." If Temasek is optimistic about the future of Qiandu and can join the competition in the next round, or even when it goes public, then you should be able to achieve the 30% target very quickly. ”

Although the introduction of Temasek can greatly enhance the strength of Qiandu, it is not in Zhouyou's interest to sell too many shares in this round, and he is willing to sell 5% of the shares, which may lose tens of millions in the future.

Who knew that He Jing immediately laughed and said: "Then it is a word, believe me, we Temasek will definitely give you a very good deal." ”

No matter how cost-effective it is, it's not as cost-effective as selling it in ten years! But then again, if you want to appreciate the assets of Qiandu Company, it is of course impossible to just hold the shares in your hands like a grande.

Although he now has 20 percent of the shares, it would be good to be able to leave 10 percent of the shares when he goes public.

Qiandu company is different from Tengxun, what Qiandu needs is policy, what is needed is to occupy the market, and it needs to expand market share.

Now the company is already a monopoly in China, and because of the support of various games, there is no shortage of cash flow, so there is no need to introduce strategic investment institutions.

Therefore, after He Jing mentioned the shares of Tengxun Company, Zhou You hurriedly refused. "Mr. Ma and I are not short of funds for the founder team now, and Tencent's instant messaging market and game market have entered the formalization market, so there is no need to introduce new investors for the time being. This is affirmed by both of us, and we will not sell any of our shares at least until we go public. ”

He Jing asked without giving up, "What about Google?" ”

Zhou You shook his head and said, "Since I am so optimistic about Qiandu, you should also know that I attach great importance to the future of Google." I only have a 5% stake in Google, and I won't be transferring this land anytime soon. If Mr. He is also interested in Google's shares, he can contact Google directly. However, if you really own 30% of the shares of 1000 degrees and want to help the development of 1000 degrees in Southeast Asia, I don't think Google will be willing to transfer the shares to you. ”

He Jing sighed, nodded and said, "Indeed, we can't be too greedy. ”

Temasek is not the same as Zhou You, who can give voting rights to the founding team without any voting rights, but Temasek actively participates in management in order to ensure the safety of its own funds, so bringing them in is a completely different concept from bringing in Zhou You.

When eating, everyone stopped talking about business, and the center of everyone was Long Long, who was not yet sensible.

Maybe it's because Long Long's nickname is the same as that of the young master, so he is very doting on Long Long. There is a child, and the atmosphere in their house is much more lively.

However, the main reason may be that the eldest son of the young head of the family has been very withdrawn because of his albinism, and now he has become autistic. He also did not live with his parents, and lived alone in a small villa not far from the hospital, where he had little contact with his family.

The young head has three children, but he has only one son, but this son has become like this, he wants a grandson, I'm afraid the hope is very slim, so he pinned a trace of love on Long Long's body.

After dinner at his house, Long Long still refused to leave, and ran upstairs to play with the two daughters of the young master. And the young head also made an appointment to travel around in his study to continue chatting.

As soon as the two of them smoked a cigarette, He Jing walked in, glared at Zhou You complainingly, and snatched the cigarette from the young master's hand. "Your airways are not good, and you smoke! Evan, you should pay attention to me next time, and don't give him any more cigarettes. ”

The two of them were gray and slippery by her, and they didn't dare to refute, they looked at each other and smiled, and agreed weakly. Zhou You remembered that he later had cancer, but he didn't remember what cancer it was, so he could not smoke or not.

Pressing the cigarette butt, He Jing asked again: "Evan, your Ranger has almost been maintained, when are you going to carry out the next salvage?" ”

"Starting next month, we have conducted a detailed study of the merchant ship HMS Royal Merchant, which originally belonged to the United Kingdom, and determined the approximate location of the sunk......"

"The Royal Merchant?"

"Yes, the Royal Merchant, though it had a royal name, was a freighter belonging to an organization of merchants in London, England, and in 1641, under the command of Captain John Limbray, with a crew full of 80 men and gold and silver treasures, set sail from Mexico in Central America to return to the port of Dartmouth, England, via the Atlantic. According to historical records, the ship was loaded with 17 tons of silver coins, about 300,000 pounds worth of gold coins and countless other jewels at the time. However, while sailing near the Isles of Scilly in Cornwall, England, the ship was wrecked and sank due to a sudden change in weather at sea. ”

The young master must have understood the laws of ocean shipwrecks, and said: "According to your statement, if you find this ship, then this ship can be owned by you privately, and you only need to pay ten percent of the tax to Britain at most?" ”

"Yes!" (To be continued.) )