Chapter 94: Shareholding Reduction Plan
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Chen Bo, like an old cadre, went to the thugs and Xishanju one after another to inspect and condolence after being in the United States Film Studio. Fortunately, the BP fund foreigners are not old, or it would be too difficult to fly there, so it is enough to bless them across the Pacific Ocean at Christmas, plus a large amount of rewards.
He came to Hengqin to prepare Xishanju to move to Shanghai, the environment of Hengqin is too comfortable, suitable for the elderly, livable, and not conducive to entrepreneurship, but also for the expansion of the later market.
Shanghai is the main battle area of the game market, where Shanda, Nine Cities and Future Giants are located, and the Huaxia branches of Taidao Daewoo, Ubisoft, and EA are also located here.
Since it is going to war, the positive anus is stimulating, what is the future of a corner of peace, not to mention that the educational resources of Shanghai are not comparable to Hengqin, and Tengxun Games will also settle down here, which will be much more convenient.
It is also a hassle to return to Pengcheng from Hengqin, and you have to take the cross-sea bridge all the way from the car to arrive.
The Pangu Group has been decorated with joyful lights, red lanterns, Chinese knots, window flowers, couplets, and the little red horse representing the zodiac of 02.
The Foreign Legion has returned from overseas, and this is the first time they have come into contact with the Chinese Spring Festival, which feels particularly novel, especially the two children of Williams wearing little red jackets, and the black + red style can't bear to look at directly.
Just as the majority of Chinese families reunite every year on this holiday, all the shareholders of Pangu also hold a general meeting of shareholders to summarize the past year and plan for the coming year.
Li Zhaojun, who has not appeared for a long time, has returned from Hong Kong Island, and in addition to individual shareholders, BP Fund and DFJ will send representatives to attend the shareholders' meeting.
"David, you're looking for me?" Wang Dawei knocked on Chen Bo's office, and Chen Bo said curiously.
Although he is the vice president of Tencent, but they do not have much contact time, this foreigner is a Huaxia Tong, can speak fluent Chinese, can also give Tencent's products more user experience advice, work ability.
"I'm here on behalf of the MIH Foundation." Wang Dawei said directly.
"I've been so busy lately that I almost forgot about it, and you've come just in time."
Chen Bo slapped his head and suddenly realized. Two months ago, MIH Fund approached him about the issue of wanting to acquire Pangu shares, and now only he has the most shares in his hand, who is not looking for him?
At that time, he promised to reply to the other party as soon as possible, but it had been delayed for so long, Wang Dawei must have waited anxiously when he took the initiative to find him.
"It's okay, understandable. That ......"
"No problem, I agree to sell my private shares, and I will propose that you join the board of directors at the shareholders' meeting."
The board of directors is now small, and in the face of more and more business in the future, it will not be able to take care of so much, and Li Zhaojun is basically difficult to meet, all of them send the financial statements to her mailbox, and then reply.
It is imperative to increase the number of people, and the background of the MIH fund will not be repeated, so Chen Bo should take it, and at the same time, there is a small consortium headed by Mo Yuanqi, Jinpeng Financial Investment.
Now the Walkman moves the Walkman youth version of the hot. Selling, the cost is getting lower and lower, and the time to make a profit is just around the corner.
The listing and financing plans of Tencent and Maidong Music are also gradually on the agenda, and Ma Teng hopes to list on the Hong Kong Stock Exchange. In the case of no profit, Maidong Music is listed on the Growth Enterprise Market of the Hong Kong Stock Exchange at most, but Nasdaq pays more attention to network technology companies.
Nowadays, the network market is gradually coming out of the downturn, although the three major portals are still not out of the haze of profitability, but the Q4 financial report is only one step away from profit according to the accounting rules of the American general standard, and the largest loss of Suhu is only more than 10 million US dollars.
Net E has rebounded from the worst 55 cents to $3.15, and the largest holder of the outstanding shares of the three portals is BP Fund, and Chris, who has abundant funds after 9.11, has taken advantage of the low price to buy a lot of shares according to Chen Bo's request.
It's not to control a few portals, heavy positions in these stocks, just pure investment, and at the same time invest in Amazon, Cisco and other Silicon Valley technology companies, Google is not currently listed, and there is no shortage of money, BP can't get involved if he wants to.
This Internet bubble has finally squeezed all the water to the fullest, and the companies that have fallen out are directly submerged in the long river of history, and the rest are companies with strong combat effectiveness and survivability.
Even if the market capitalization may not be super-strong, it still has a lot of investment value, and Yahoo is an exception, and it will never return to that throne after falling from the highest point, so the BP fund does not have Yahoo's name in its stock position.
When Yahoo met with Google for the third time, the cunning Larry Page raised the offer again to $3 billion, and the management realized that they had been tricked and left the table angrily. As a result, although the acquisition was not successful, Yahoo can temporarily use Google's search engine technology, and Google needs Yahoo to stabilize the Chinese market while accumulating strength.
In this case, the NASDAQ is now much better than the Hong Kong stock GEM, so Maidong plans to complete the share reform and the adjustment of some industries this year, and officially submit a listing application to the NASDAQ in 03.
Tengxun needs to wait for another two years, and must have a three-year profit statement before it can land on the main board of the Hong Kong Stock Exchange, and it has only been a year now.
The whole group is running at a high speed in the expected direction, and Chen Bo's 30% private shares are precious. Once the company is listed, it will have to rise several times or dozens of times like a rocket.
Don't forget that Ant Search is now the world's largest Chinese search engine, and the population using Chinese is more than the total population of the entire Europa continent, as long as it does not take the wrong path, the future of this company is enough to become a giant, plus the help of Tencent and Foxmail can make this little ant overturn the elephant.
His plan to reduce his holdings is up to 10%, although it will not pose any threat for the time being, and any less will weaken his voice.
Chen Bo is talking with the two families separately, if they sit together, it is not beautiful for the two companies to jointly reduce the price.
The MIH fund has Standard Bank, a big wealthy man, behind it, so naturally it will not be stingy, and the final transaction price is 90 million US dollars to buy 5% of the equity of Pangu Group. This price is definitely better than the price offered by De Fengjie and Mo Yuanqi.
The other party originally wanted to exchange the shares of other holding companies, but Chen Bo, who was well versed in this, solemnly refused and only accepted cash.
Although the U.S. dollar has been somewhat weak after 911 and has continued to fall, it is still quite strong when it is exchanged for RMB, and the demand for foreign exchange by domestic banks is also large, and the growth of domestic import and export business needs foreign exchange support.
After Chen Bo reached an agreement with MIH Group, he then found Lao Mo.
You see, others bid more than 700 million yuan, and you only gave 600 million, isn't this a bit of a big face?
Favors belong to favors, interests belong to interests, and in business, it can still be clearly distinguished.
Lao Mo frowned, thought for a long time, and finally nodded and agreed to buy 5% of Pangu shares at a price of 700 million yuan, as for the fraction, it was erased for him, after all, there is still a cooperative relationship, and tens of millions of face still have to be given.
So far, Chen Bo's private holdings and indirect holdings have only 34.5% of Pangu Group's shares, but the arbitrage is more than 1.4 billion.
The income tax will be 300 million yuan, and the remaining 1.1 billion yuan will be paid to Shanghai Film Company for the acquisition of the United States Film Studio. It also needs to bear the debt of 48 million yuan of the other party, and it has to continue to inject capital to help the later development. A total of 500 million yuan had to be thrown into it, and half of it had to be removed at this time, but it was really a bottomless pit.
The money he cashed out from DFJ last time was in the United States, although he made a lot of money. But after returning to China, the acquisition of a game company and the purchase of a movie theater have almost failed.
Galaxy Entertainment and Galaxy Pictures will have to continue to make additional investments, but this will be deployed after the year.
Calculate carefully, don't look at the lot of money, but if you diversify your investment, there is very little left.
The 798 plot of land was still managed by the funds drawn from the United States by the BP Fund, and although it is now widely planted and harvested, it will be a blowout when it blossoms and bears fruit in the future.
"Sister Jun, why didn't you bring Isabella, Xiao Xu's kid can talk all day long."
Chen Bo calculated, and the shareholders meeting in the middle of the year saw her, until now, I haven't seen this lady for more than half a year, Li Zhaojun is still the same brilliance and moving, like a ripe fruit.
"Evans had been transferred back to the U.S. before Christmas, and Isabella was going back with her, and she was about to start elementary school, and Evans felt that the quality of education in the U.S. was better."
"Oh." The pink carved doll, Chen Bo still likes her, but it's a pity that this half-race child is a pity. Xiaoxu, who changed his surname to Liu, would be so sad if he knew.
"Then what are you going to do, Sister Jun?"
Chen Bo asked again, the listing of Mai Dong and Tengxun needs a qualified financial officer to control, he can grasp the general direction, and the specific financial details are really not what he is good at.
Although Guan Xin is a finance major, how can she compare with Li Zhaojun, who was born in Goldman Sachs Group, in terms of work experience?
"I'll give you my life if you need it. If you don't need it, I'll go back to the United States to retire, and 8.7% of the shares are enough for me to eat and die. Giggle......"
"Aren't you afraid that I will issue a private placement to dilute your equity?" Chen Bo smiled evilly.
"I'm afraid of dying, so I'll give you a part-time job, but I'll go back to the United States once a quarter, and I'll stay if you agree."
"Deal, you are now the CFO of Ant Search, let's familiarize yourself with the operation of Internet companies, maybe you won't have to come back in the United States in the future!"
Chen Bo immediately said that Li Zhaojun's shortcoming lies in his unfamiliarity with the Internet industry, and his strength is naturally a means of financial processing.
The first general meeting of shareholders in 02 was successfully held, Chen Bo announced the plan to reduce his private shares, and introduced the two shareholders to others.
But to his surprise, MIH Fund acquired some scattered shares from the founders of Tencent, and finally got 8.2% of the total amount. The Jinpeng Financial Investment Company represented by Mo Yuanqi absorbed 1.3% of Ye Tianhao, 1% of Xu Chenhua, and 1% of Zeng Liqing, and also reached 8.3% of the equity.
As a result, Xu Chenhua was kicked out of the conference and left with nothing left.
In addition to Chen Bo's holdings, Mo Fei 11%, Li Zhaojun 8.7%, Jinpeng Financial Investment 8.3%, MIH Fund 8.2%, Ma Teng 8%, Ye Tianhao 6%, Lao Mo 5.2%, Defengjie 5%, Zhang Zidong 3%, Chen Yidan and Zeng Liqing each hold 1%.
Although the shares are relatively dispersed and very strong shareholders basically do not exist, Chen Bo is still the first shareholder.
On the original basis of the board of directors of Pangu Group, Mo Fei, Zhou Botao and Wang Dawei joined in, except for Mo Fei who is a shareholder, the other two are external. Zhou Botao did an excellent job, and Chen Bo also let him join in to work together, and he was able to help him share a lot of internal work.
Chen Bo still holds the position of Chairman of the Board of Directors and is at the helm of the Pangu Group. In 02, the group plans to set up a Shanghai East China branch center, which is personally responsible for him, and concurrently serves as the CEO of Dingdong.com, Li Ziqiang, Zhou Botao, and Wang Xiaochuan were appointed as senior vice presidents of Ant Network, Li Zhaojun served as the chief financial officer of Ant Network Company in addition to serving as a director of the group, and Liu Yuan served as a human resources officer.
Tenson's position in the instant messaging market has been unmatched, in the new year need to seek more profit breakthroughs, relying on SMS value-added business is somewhat deformed, unhealthy, membership value-added business will be the focus of 02 years.
The task of ant search is even heavier, don't look at the calm on the surface, but in fact it is the undercurrent, restless three major portals, Baidu, Yahoo. There is even a fierce Google company that is coveting this big cake.
In the new year, Ant Search will launch more services, increase service content, and improve user experience.
Pangu Group itself does not have any product business, and has been divided among all its subsidiaries, so it has no revenue other than the income from the sale of Sky.com, and the 70 million US dollars will continue to supply blood to Ant Search, Dingdong.com, and Autohome.
Under the premise that it is temporarily impossible to withdraw profits from the subsidiary, the carpenter has to eat, and the method is very simple, that is, to collect rent.
30 million yuan bought the industrial park from the local district government, 80 million bought the Pangu Building, and the prototype land purchased from Poly. These are all fixed assets, and any company that uses them has to pay rent.
The money paid by the subsidiary is net profit and needs to be taxed, but if you rent out the property, you need to deduct the cost, and you can reduce the corresponding tax expenses if you can't make ends meet, which is a reasonable tax avoidance policy.