Chapter 49 Investment
The evening Olympic Committee Welcome Dinner ends at about half past eight, and this official banquet usually ends before nine o'clock. At ten o'clock in the evening, Zhang Guan had already appeared in the office of Huang Weida of Fidelity Investment Company.
"At the moment I have fifteen million euros in funding. I would like to invest this money in three parts. Zhang Guan said.
Huang Weida nodded, according to the current exchange rate, fifteen million euros is almost equivalent to 140 million Hong Kong dollars. If it is calculated as a one-time investment, it is also a considerable amount of money in Hong Kong. In addition to the top of the rich, it will take some time for the average first-class rich to raise such a large amount of money.
"It seems that Mr. Zhang already has the direction of investment, I don't know what the specific needs are?" Huang Weida said.
"I'm going to spend 6 million euros to invest in shops in popular areas of Hong Kong, and I need projects that won't face demolition for at least 10 years." Zhang Guan said.
"It turns out that Mr. Zhang is interested in Hong Kong's real estate industry." Huang Weida showed an expression that was indeed so. In the past few decades, Hong Kong's real estate industry has created a large number of wealthy businessmen, almost every top rich man in Hong Kong is inseparable from the real estate industry, and Hong Kong's richest man Li Chaoren started with real estate. Especially in recent years, the political situation has been stable, and investing in the real estate industry is also said to only make money and not lose money, and nine out of ten investors will be optimistic about real estate investment.
I only heard Huang Weida say: "The real estate industry is indeed the best investment direction in Hong Kong at present, Hong Kong is every inch of land, land will only become more and more valuable, Mr. Zhang can also consider residential investment." â
"Residential prices will definitely go up, but I'm more bullish on businesses in Hong Kong. Especially after the opening of the free travel scheme, I believe that more and more tourists will come to Hong Kong, and I think that at least in ten years, business will be the biggest advantage of Hong Kong to attract tourists, so I choose to invest in shops. Zhang Guan said.
Huang Weida nodded, although what Zhang Guan said was relatively vague, Huang Weida could hear the meaning of Zhang Guan's words, that is, more and more mainland tourists will come to Hong Kong in the future, and their purpose is mainly to buy things.
Huang Weida does not agree with Zhang Guan's view, he thinks that if people want to buy things, they first need to have money, the mainland is poorer than Hong Kong, and Hong Kong's things are more expensive than those in the mainland, and it is obviously impossible for the poor to buy expensive things. In fact, this is also what most people thought at that time, and people all over the world would not have imagined how earth-shaking changes would take place in China in the next ten years!
Zhang Guan, as a descendant, naturally knows that seven or eight years later, mainland tourists will be crazy to buy things in Hong Kong, and in the next ten years, the prices of shops in Hong Kong's prosperous commercial areas will increase dozens of times. At that time, Hong Kong people realized that the housing was copper, the office building was silver, and the shop was real gold!
Six million euros is equivalent to more than 50 million Hong Kong dollars, which is not a lot of money, and in ten years it may not even be possible to buy a larger shop, but in this era, due to the acute respiratory syndrome last year, Hong Kong's land prices plummeted, especially the worst drop in shops, and now you can buy at least a few shops with good locations and large areas.
Zhang Guan continued: "I also want to invest in the stocks of American companies. I'm going to put up seven million euros to buy shares in the fruit company. â
"Fruit Company?" Huang Weida thought about it carefully, and then said: "With all due respect, I think the current fruit company stock has reached a relatively high price, and I don't think it's a good investment choice." â
Huang Weida said and typed on the computer for a long time, then turned the monitor to Zhang Guan, and then said: "In the past few years, the stock price of the fruit company has been at a low level, and after Mr. Qiao Budie returned to the fruit, he developed a portable media player iPod, although this brought a lot of profits to the fruit company, and also made the stock price of the fruit rise. However, in recent years, there have been a large number of cheap knockoffs similar to iPods on the market, and in terms of personal PCs of fruit companies, there is still no improvement, IBM and HP still occupy the main position of personal PCs, and even the PC business in recent years has been growing rapidly, so I am not optimistic about Apple's stock returns. â
Zhang Guan stared at Huang Weida's monitor, which showed the stock price of the fruit company in recent years.
"The price of more than twenty dollars is also called high! Now I'm going to make a fortune! Zhang Guan's heart is already extremely excited, the fruit company's stock price has risen from more than a dozen dollars to more than 20 dollars in recent years, this price is already very high in the eyes of investors, but Zhang Guan knows that the future fruit company's stock price will climb to nearly 700 US dollars, if you invest 6 million euros to buy fruit company shares now, the future market will definitely exceed 200 million US dollars.
Thinking of this, Zhang Guan said: "I believe that Joe is immortal, he is a genius, and he will definitely be able to come up with cross-era electronic products, so I am very optimistic about investing in fruit stocks." â
"Okay." Huang Weida nodded, he has also seen many wayward investors, these people are often extremely confident in themselves, and from the confidence shown by Zhang Guan, Huang Weida knows that no matter how much persuasion, Zhang Guan will not change his mind.
"With the rest of the money, I want to invest in a company in the United States." Zhang Guan paused, and then said: "I don't know if you have heard of a social networking service website in the United States called FB?" â
âFBïŒ What does it have to do with the FBI? Huang Weida made a joke and then said: "Social networking is an emerging industry, and I don't know much about it. â
FB is an American social networking site that should have just appeared half a year ago, and its founder was a computer science student at Harvard University. I feel that this site is promising and want to take a stake in this site. Zhang Guan said.
"Can this be seen as an angel investment?" Huang Weida asked.
Zhang Guan nodded, and then said: "You can think so, but I don't want a fixed amount of returns, I want to be able to hold the equity of the website." â
"Equity? This can be a bit more cumbersome. If you're an American, it's fine, but if you're not an American, there are some complicated legal procedures. Huang Weida estimated in his heart, and then said: "If you go through my company, there should be no problem in operating it in an authorized way." Claiming that you, as an angel investor, are only responsible for providing funds, and that investment decisions are made by investment companies, can save a lot of trouble from the legal aspect. Americans' scrutiny of Hong Kong investment companies will not be as strict, but you may need to give up some rights, such as the company's right to speak, and even in the future, you will not be able to participate in the company's decision-making as a major shareholder. â
"There's no problem with that. I don't want any decision-making power in the first place, which can be waived, but the amount of equity must be guaranteed. Zhang Guan paused, and then said: "I can accept a two-tier shareholding structure, even if it is zero voting rights, but I must ensure that I occupy the share of shares, and I must agree on the proportion of new shares of common stock." â
The two-tier shareholding structure is a talisman for FB founder Zach. He divided FB's shares into two types, one is Class A shares with ordinary voting rights, and the other is Class B shares with ten times the voting rights of the board of directors, and he himself holds more Class B shares, and has also signed voting proxies with many major shareholders, in this way, he only enjoys 56% of the voting power of the board of directors with only 24% of the shares, so as to completely control the company, even if Wall Street snipers buy FB shares on a large scale, they are still not Zucker's opponents in terms of board voting power. At the same time, FB also stipulates that Class B shares automatically become Class A shares when they are sold at cash, so the market value of Class A and Class B stocks is the same, and it also ensures that as long as Zach does not sell his shares, then his voting power on the board of directors will only increase.
As for the proportion of new shares of common stock, it is a means to prevent share dilution, and Zach used this method in January 2005, when FB issued 9 million new ordinary shares, while Zach himself took 3.3 million shares, and finally Zack's shareholding ratio did not change, and the shareholding ratio of Saverin, the second largest shareholder of FB, was reduced to less than 10%
It's September 2004, and FB is in the biggest trouble since its inception, they have been sued by another social networking site, and it is very expensive to fight a lawsuit in the United States, but Zach has no money, and if there is no money, let alone a lawsuit, even the server can't be opened. If you miss this investment opportunity, even if it is three months later, it will cost tens of millions of dollars to invest in FB.
Originally, the American investor Peter Thiel would appear shortly after, and he invested $500,000 in FB as an angel investor, acquiring 9% of the FB equity at the time, and this investment brought him a billion dollars in return. However, he sold a large number of shares in the early days of FB's IPO, and by that time the price of $20 per share had Peter Thiel ecstatic. But then FB's stock price soared to more than $100.
At the time of FB's listing, Peter Thiel's $500,000 eventually thinned to FB's 44 million Class B shares, accounting for 2.5%, while founder Zach had more than 500 million Class B shares. At this point, Zhang Guan is obviously more greedy, he wants more than Tell, Zhang Guan can give up the rights and interests of Class B shares, even if he holds all Class A shares, it doesn't matter, but he must have more shareholdings. Zhang Guan knows that after the subsequent financing, his equity will inevitably be gradually diluted, if you can refer to Zack's share ratio, even if it is slightly lower, FB will hold at least 20% of the proportion when it goes public in the future, and if calculated according to the market value of FB company's $200 billion, the value of 20% of the shares will reach $40 billion.
Huang Weida is the first time to meet a customer like Zhang Guan, and every request seems very special. Investing in real estate is a decent decision, and now everyone in Hong Kong is keen to buy a house, but everyone buys a residence, and the interest in shops is obviously not as high as a residence; In Huang Weida's view, the stock of the fruit company has risen to the end, and the fourth-generation iPod just launched by the fruit is just thinner, and there is not much breakthrough in function, which makes Huang Weida not very optimistic about the future of the fruit; And investing in a site that you have never heard of at all is more like crushing a leopard in a game of dice.
However, Huang Weida finally respected Zhang Guan's decision, and he said: "I will prepare the relevant power of attorney and legal documents, and when you go back, my company will send someone to contact you." â
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The first chapter is sent, ask for a recommendation vote! I've been hesitant to write this plot of investing in FB, but think about the outline of the last volume, it's really not good if you don't have 18 billion, so write it!