Chapter 188: Who's the Winner?
"Okay, boss, I know what to do!" Horst replied with a smile, Tang Bao's attitude was obviously not in a hurry to start talks with various investment institutions, but to slowly wear off the other party's spirit. With the involvement of Bear Stearns, the passive situation of Phoenix Investment Group no longer exists, and it has the confidence to take control.
Suddenly.
Tang Bao remembered the matter of the Phoenix Employee Fund, and he still didn't know how much money the Phoenix Employee Fund had raised and how much equity it would occupy. "Horst, how is the Phoenix Employee Fund raised? If it is successfully completed, the procedure for taking a stake in Phoenix Investment Group will be completed as soon as possible. Refer to Bear Stearns' shareholding plan...... When the Phoenix Employee Fund is finished, I feel good that most of the remaining shares can be sold! ”
"Boss, the Phoenix Employee Fund has been raised very smoothly, and everyone is very positive when they hear that they have the opportunity to invest in Phoenix Investment Group."
Hear the words.
Tang Bao couldn't help laughing silently, thinking that the development momentum of Phoenix Investment Group was so terrifying, and those who did not actively invest in the shares were fools.
"Let's just talk about how much money has been raised by the Phoenix Employee Fund!" Tang Bao urged with a smile. Knowing how much money the Phoenix Employee Fund has, he can calculate the equity to be transferred.
Horst did not hesitate at all, and directly reported the scale of the Phoenix Employee Fund: "123.95 million US dollars!" ”
"So much!"
Tang Bao was taken aback, he remembered that the total number of employees of Phoenix Investment Group was only more than 200 people, and it actually raised more than 120 million US dollars. On average, that's $600,000 per person! And now the per capita annual income in the United States is only 20,000 or 30,000 US dollars, how terrifying is the investment of 600,000 US dollars per person. Tang Bao thought that he would be able to raise tens of millions of dollars.
"Ugh. Boss, it's normal, you don't know how enthusiastic the employees are about participating in the Phoenix Investment Group! According to the finance department, almost all employees have advanced six months' wages to shares, and many may have borrowed foreign debts from relatives and friends......" Horst explained with a smile. "Hey, boss. In order to raise funds, I can mortgage all the houses to the bank! ”
Speechless.
It's crazy.
However, with him, Phoenix Investment Group is unlikely to have large-scale investment losses, and these investments are basically high-yield investments that are guaranteed to make money without losing money.
The more you invest, the more you earn!
"More than 120 million US dollars...... Tang Bao frowned, secretly calculating in his heart how much equity he could get with this money.
"Boss, I've done the math. Referring to Bear Stearns' shareholding plan, the Phoenix Employee Fund can hold 0.0675% of the shares! ”
"Hmm."
At this time, Tang Bao also calculated, as Horst said. "Okay. Then sign the shareholding contract as soon as possible. ”
Forthwith.
Tang Bao waved his hand and motioned for Horst to go and get busy.
"Well, boss, then I'll go through the contract for Phoenix Employee Fund to hold shares in Phoenix Investment Group. When it's ready, I'll send it to you for a look. After Horst finished speaking, he exited Tang Bao's office.
……
After Horst left, Tang Bao called Mrs. Annette again, saying the same thing, and needed to confirm the size of the ink fund in advance.
And Mrs. Annette, the manager of the Moke Fund, was also ready to wait for Tang Bao to ask. The size of the Ink Maker Fund was immediately reported.
"Tang, the Moji Fund includes you, with a total of sixteen funders, raising about $143.7 million." Mrs. Annette replied.
After a short calculation.
Tang Bao then came up with the shareholding ratio of the Moji Fund. "Mrs. Annette, the Ink Fund's investment will be based on Bear Stearns' plan. After conversion, the shareholding ratio is about 0.081%! You're responsible for the details. Explain it to other investors. ”
"Don, there's no need to explain this. This is all a matter of agreement! It's a great pleasure to be able to hold a stake in Phoenix Investment Group......"
Hear the words.
Tang Bao smiled and didn't answer, this is the reason. However, he still prefers to make everything clear in advance, so as not to worry about it later. Besides, the members of the Ink Maker Fund are all highly valued by Tang Bao, and he hopes to maintain friendly relations for a long time, and he doesn't want to be unhappy due to misunderstandings.
"Don't worry, Don, I'll take care of this. I'll explain it to you! "Mrs. Annette also knows that the small circle of the Ink Maker Fund is very important to Tang Bao's career development, and she cannot be careless.
Weeks pass in the blink of an eye.
Tang Bao also signed three formal investment agreements, with Bear Stearns a 2.8% stake in Bear Stearns, a $500 million stake; Phoenix Employee Fund contributed more than 120 million US dollars to obtain 0.0675% equity; The Ink Fund contributed $143.7 million to acquire a 0.081% stake. The three investors split up a total of 4.285% of the shares, which means that the next investors will only get 5.715% of the shares.
……
Due to Tang Bao's instructions, Horst also intentionally or unintentionally delayed investment negotiations with other investment institutions, and there was no formal contact after many days.
Tang Bao seemed to have disappeared again, and he did not appear in the public eye for several days.
This time.
Citibank, Rice Fund, Barclays Bank, etc. are all anxious, and they all have a worry in their hearts, afraid that Tang Bao will abandon them and secretly reach an agreement with an investment institution, and at that time, their chances of becoming a shareholder of Phoenix Investment Group will become even more slim.
Some people are even worried that Tang Bao's deliberate evasion is because he does not want to see them take a stake in Phoenix Investment Group.
Because......
In the process of communicating with Horst, including Citibank and Barclays, they all felt the lukewarm attitude of the other party.
"President Horst, it's been almost half a month, when will we start formal negotiations. And, Don, where the hell did he go. Citibank's vice president Miller asked anxiously, in the past few days, he has not forgotten to call Tang Bao, but the echo he gets is always that the user has turned off the phone, please dial again later......
"I'm very sorry, Mr. Miller. I don't know where the boss is! Horst shrugged his shoulders and replied very helplessly.
……
Not only Citibank's Miller is anxious, but other investment institutions are also in a hurry, waiting endlessly day after day is really a painful torment.
Tang Bao has not shown up, and the meeting cannot be carried out. Horst made it very clear that the boss was solely responsible for the financing of the share expansion, and even if he was the president of the Phoenix Investment Group, he could not make the decision.
No way.
While inquiring about Tang Bao's whereabouts, various investment institutions also sent special personnel to stay near the Phoenix Investment Group to wait for news.
"Tang, I think it's almost over, if it drags on any longer, it may backfire!" The reactions of each family, Horst reported in detail. Therefore, even if Tang Bao does not show up for a long time, he is well aware of the development of the outside world. Mrs. Annette, as Tang Bao's economic adviser, is naturally clear.
"Hmm."
Tang Bao hummed softly. These days, he did not show up, did not even return to his villa, and hid in Mrs. Annette's apartment.
Let's be honest.
In the face of nine powerful investment institutions, Citibank, Barclays, Rice Fund, Goldman Sachs Fund, Wells Fargo......
Tang Bao was also in a dilemma, or it was difficult to choose, and he was dazzled. Hiding in Mrs. Annette's apartment is not just as simple as hanging each other, but also giving yourself enough time to carefully analyze the advantages and disadvantages of these investment institutions and choose the most suitable one for you.
This.
Mrs. Annette also gave him many suggestions. And after such a long period of analysis, Tang Bao also had a general answer in his heart.
Two days later.
Tang Bao, who had disappeared for a long time, reappeared, and quickly launched the first round of negotiations with investment institutions at all levels one by one. After the negotiation, Tang Bao did not rush to give a clear reply, only said that he needed to consider it comprehensively, but in fact, this was just an excuse, because the conditions given by all parties were basically similar to Bear Stearns's, and there was no investment plan that made his eyes shine. Therefore, there is no need for him to adjust the answer in his heart, and he can only determine the few investment institutions that he had agreed with Mrs. Annette in advance.
But.
In order to maintain a semblance of fairness, Tang Bao still told all parties that it would take some time to evaluate. In fact, there is no need for this at all, just drag it out for a few days and announce it directly.
……
But.
Tang Bao's ambiguous attitude made all parties entangled. consciously have a relationship, and they are looking for relationships, hoping to persuade Tang Bao to choose them.
Wells Fargo's Rand hired Wagner as a lobbyist, Goldman Sachs sent senior partner Paul and his son Andya over, and Citibank's Miller visited Tang overnight......
Tang Bao's villa.
"Whew......" Tang Bao sat on the sofa and took a deep breath, his face showed embarrassment, and said: "Wagner, your request really makes me very difficult. Wells Fargo's proposed investment package is not dominant...... It's rare, though, that you open your mouth once. Wells Fargo has also helped with East West Bank's merger. Choose Wells Fargo! Well, Wells Fargo can hold up to 2% of the equity! ”
"Huh, Don, thank you!" Wagner was very grateful. He knows how rare the equity of Phoenix Investment Group is, and it is quite a lot to get 2% of the equity.
Sending Wagner and Rand away, Tang Bao's ass was not yet hot, and soon, Citibank's Miller came again.
"Don, I'm ......"
Tang Bao directly waved his hand to interrupt Miller's words, and said with a smile: "Mr. Miller, I remember that I had a verbal agreement with you at the beginning. As long as Phoenix Investment Group raises funds and expands its shares, Citibank will definitely be considered first. What I want to tell you is that this agreement has always been valid. ”
"Ah...... Don, you mean ......? Miller said excitedly.
"Haha, that's good. Mr. Miller, you guessed right, even if you don't show up today, there is no surprise that Citibank has taken a stake in Phoenix Investment Group. Tang Bao laughed.
…… (To be continued......)