Chapter 375: An Agreement is reached
It's very common for business to fail. Pen | fun | pavilion www. ο½ο½ο½ο½ο½ο½ γ info Tang Bao Although he has a smooth ride in the shopping mall, he is not afraid of failure, and he will not be naΓ―ve to think that as long as he personally shoots the business, he will be 100% successful in the end, and there will always be people and things that he can't do.
And.
With Tang Bao's current value, missing one or two good investments, even if he knows that he is missing a very promising investment target, at most he has some regret in his heart, far from anger.
But.
Citibank's investment projects are different. Tang Bao has been planning to invest in Citibank for many years, and has spent a lot of effort to reach a preliminary capital injection agreement with Citibank, only waiting for the final step of Citibank's board of directors to vote and approve. Seeing that success is in sight, if Citibank suddenly changes its mind, reaches a cooperation with Alwaleed, who was recommended by him, and abandons him as a matchmaker, he is busy for a long time, but makes a wedding dress for others, it is definitely a kind of play, provocation, insult, and a great irony for Tang Bao. No matter how generous Tang Bao is, I'm afraid it will be difficult to endure this breath.
Let's put it this way.
The board of directors of Citibank normally rejected the cooperation agreement, and Tang Bao will regret and be disappointed, but he will not be resentful because of this. But if the cooperation agreement is vetoed, just because he wants to replace Tang Bao with Alwaleed, a new partner, then Tang Bao will definitely not give up.
"Don't be too nervous, after all, it's all our own speculation." Seeing Tang Bao's indifferent face, Li Zhen said softly with relief.
"yes."
Kate hurriedly nodded in agreement. She didn't expect that her speculation would cause Tang Bao to react so violently. She had never found that Tang Bao, who had always been easy-going, would show such an indifferent side, even a little cold and terrifying. For a moment, she was almost stunned by the cold light in Tang Bao's eyes.
Well.
Tang Bao's face improved slightly, and he secretly exhaled deeply to adjust his mood. Then he smiled wryly and shook his head, secretly blaming himself for being too sensitive.
But.
Alwaleed and Citibank representatives sat down together to negotiate, which was different from their previous lives, but on the whole they were still moving along the historical trajectory. Thinking that Citibank got out of its predicament with the help of Alwaleed in history, it was difficult for Tang Bao to dispel the doubts in his heart.
Before Kate and Li Zhen were reminded, Tang Bao didn't think about this aspect at all, but now he can't ignore it.
"Well, it's a guess, but we have to guard against it. John Reid and I reached a tentative agreement to invest in Citibank, but reluctantly, it was not impossible to leave me alone and work with Alwaleed. If there were more options, Citibank would not choose me. Tang Bao said worriedly.
"Boss, you don't trust Citibank, but what about Alwalid? Alwaleed should understand the consequences of striking a deal with Citibank and kicking you out, and even if he dares to do so, he should carefully consider whether it is worth offending you for Citibank. Kate said.
Well.
Tang Bao nodded secretly. Alwaleed's business is thriving in Saudi Arabia, but it has just started in the international market, and it is very weak, so he has no capital to compete with him. annoyed Tang Bao, and did not dare to guarantee that it would be difficult for the other party to move in the international market, and it was very simple to add some trouble.
Let alone.
Alwaleed has seen Tang Bao's money-making methods, and should know very well that if he cooperates with Tang Bao a few times, he will receive an amazing return on investment. Standing on the opposite side of Tang Bao, not to mention the rest, the most direct impact is that Tang Bao's relationship with him broke down and he lost the opportunity to cooperate.
β¦β¦
In the living room, there was a long silence.
Alwaleed is facing a very difficult choice, painful and frenzied, but also having to face a decision.
John Rhett and Miller both sat quietly, unhurried, eager for Alwaleed to join Citibank to balance Tang Bao, but definitely not at the expense of their own interests. Citibank is in a difficult situation, serious losses, at this time to issue preferred shares on a large scale, the annual dividends are not a small burden, if there is no other way to raise funds, pinch the nose and grit your teeth will endure, but in the case of Tang Bao's support, and then to sell preferred shares to raise funds, it is a fool's behavior.
Call~~
Alwaleed let out a dark breath, this decision is a bit difficult!
To him, $1 billion is equivalent to more than half of all his assets. If the investment fails, although it is said that it has not lost all the family funds, it will also hurt the muscles and bones, and the vitality will be greatly damaged.
"Mr. John, Citibank really doesn't plan to sell preferred stock?" Alwaleed looked up at John Rhett and asked reluctantly.
"Hmm."
John Rhett smiled and nodded.
Belch.
Alwaleed had expected it for a long time, but when he saw John Rhett's confirmation, he still couldn't help but feel disappointed and annoyed.
"Now, Prince Waleed, you have two choices. The first is to inject direct capital into Citibank in exchange for common stock; The second is to wait for the outcome of the board of directors' deliberations on Tang's investment in Citibank. John Rhett said.
Direct funding?
Alwaleed was a little afraid to take more than half of his net worth to buy ordinary shares, and if Citibank went bankrupt, it would almost be a loss of money.
Wait?
Alwaleed was unwilling, otherwise he would not have rushed to London after receiving Tang Bao's notice. What's more, after the news of Tang Bao's investment in Citibank, it is good for Citibank, and the stock price is likely to rebound strongly, and it is impossible for him to invest in Citibank at a relatively low price.
Long.
John Reid didn't see Alwaleed speak, and continued: "There are two outcomes of the board's deliberations, one is to agree to Don's investment in Citibank, and the other is to otherwise Don's investment in Citibank's cooperation agreement. In the former, Citibank will quickly improve the situation, and Prince Waleed's desire to take a stake in Citibank will greatly increase costs, or even completely lose the opportunity to invest in Citibank. After all, when Citibank is out of trouble, there is no point in selling shares. In the latter, Tang's capital injection plan was rejected, and Citibank was beaten back to its original shape, and it was forced to renegotiate the capital injection plan with Tang, and only when there was no possibility of negotiation at all, would it reconsider the plan to raise funds by offering preferred shares. β
Alwaleed smiled helplessly, a little unhappy at John Red's constant mention of Don's hole card, but he couldn't blame it.
John Rhett just did what a normal person should do.
Well.
It is said that Tang Bao is in front of him, and Alwaleed himself has done a detailed investigation and analysis, so he shouldn't be so worried about investing in Citibank, but what if his analysis is wrong and Tang Bao is also out of sight? Tang Bao's investment vision is very accurate, but it is not without eyes, such as the investment in the British BP oil company's project, the current floating loss of more than 50%, with the current perspective, this is a very failed investment.
In case the project of investing in Citibank is the same as BP...... Tang Bao may not care about the investment loss of one billion and eight billion US dollars, but his family is thin, and one billion US dollars is more than half of his assets, so he can't stand the toss.
"Prince Waleed, haven't thought about it yet?" Alwaleed was silent for more than ten minutes, and John Red's patience was exhausted, and he couldn't help but ask.
"This."
Alwaleed hesitated, he really had a hard time deciding.
"Prince Waleed, I think you need more time to think about it, or maybe we'll talk about it another day?" John Rhett suggested with a smile.
Some other day?
Alwaleed was stunned for a moment, subconsciously wanting to nod, he did want to think about it quietly, but soon realized that it was not feasible.
After the meeting, John Rhett will not continue to wait for him in London, and will definitely return to the United States to urgently discuss Tang Bao's capital injection plan. Once the news that Tang Bao is going to invest in Citibank, whether the capital injection plan goes smoothly or not, it will not be good news for him.
"It's still early, so there's no need to rush to finish." Alwaleed shook his head.
"Oh?"
John Rader looked at Alwalid.
"Hmm...... I have decided that the injection of Citibank into common stock will reduce the amount of capital injection to half, $500 million, given the investment risk. Alwaleed began.
"Okay."
John Read laughs. He was not disappointed by Alwaleed's reduction in the amount of money he had squeezed in, after all, $500 million was not a small amount.
"$500 million, I want 10% Citibank equity!" Alwaleed said.
Belch.
John Rhett looked at Alwaleed dumbfounded, scolded greed, and then shouted: "Prince Waleed, this is simply impossible, even if Citibank's stock price is at its lowest point at the moment, 10% of the stock is worth far more than $500 million." β
β9%οΌ Citibank could go bankrupt at any moment, and my investment was at great risk. Alwaleed said dryly.
"Impossible."
John Rhett flatly refused, and then softened his tone and said, "I propose to directly refer to Tang's shareholding plan, and you inject $500 million into Citibank, accounting for 7.5% of the shares." β
Alwalid's brows furrowed slightly, of course he knew Tang Bao's shareholding plan, it can be said that Tang Bao's acquisition was at a certain premium. Referring to Tang Bao's shareholding plan, wouldn't he also have to acquire it at a premium? Buying shares in a company that is close to bankruptcy at a premium is a bit difficult for him to accept.
But.
After a moment of contemplation, Alwaleed nodded in agreement. He also understood that John Red had used Tang Bao as a bargaining chip.
β¦β¦
Tang Bao was worried that John Rhett and Alwaleed were plotting to abandon him, but he didn't mention it much, just chatting with Li Zhen and Kate.
I don't know how long later, the maid came to report back, and the meeting was over. Forthwith. Tang Bao asked Li Zhen and Kate to wait here, and he went to take a look.
"Ha, you all look red, the conversation went well, right?" Tang Bao walked into the living room and said with a smile.
Hear the words.
John Rhett and Alwaleed looked at each other and smiled. The negotiations between the two sides did not smell of gunpowder or erupt into heated quarrels, but they were far from smooth.
"Fortunately, because of the reference to your shareholding plan, the negotiation was faster." John Read answered.
"I injected $500 million into Citibank, which is 7.5 percent of the shares." Alwaleed explained that Tang Bao told him the details of the shareholding plan, and he did not hide it.
Oh?
Alwaleed's stake was much lower than he had planned. Tang Bao was surprised, but then secretly relieved, fortunately there was no situation he was worried about. (To be continued.) )