"And ......"

Su Yu paused and said: "Even if the IPO can be restarted in the next year, and 'Wowu Bio' can pass the review of the Issuance Examination Committee and be successfully listed, according to the performance of the new stock listing before the IPO is suspended, the probability of its breakage is at least more than 40%. ”

"We're going to put money in and take over your shares."

"You should also give us a little concession if you take the corresponding risk, right?"

"Na Su always thinks...... How much premium is appropriate? Qin Qiuyue frowned slightly, then paused, and continued, "Although the future development of the market is full of uncertainties, the fundamentals of 'Wowu Biotech' itself are still very good, and in the year and a half that the IPO was suspended, its performance, revenue, as well as its market share in the industry, and the progress of new drug development, are all improving. ”

"Even if the listing of 'Wowu Biotech' is blocked."

"The market valuation of his company is improving."

"We sold our shares at a 20% investment premium, which I don't think is too much."

Saying that, Qin Qiuyue took out an investment valuation analysis report of the third-party institution in the current market for 'Wowu Biology' from a document bag beside her, handed it to Su Yu, and then continued: "According to the general valuation of 'Wowu Biology' by many institutions in the market, the value of this part of the equity in our hands is more than 60 million, and the 20% premium I proposed compared to our original input cost is actually the fair value of the current market, and it does not account for any advantage of Mr. Su and your 'Yuhang Investment'." ”

"Substantially ......"

"The reason why we chose to cooperate with Mr. Su and your 'Yuhang Investment'."

"Of course, it is because you are optimistic about the future development of 'Wowu Bio', but more importantly...... I also hope that the two of us can have better opportunities for cooperation in the future. ”

Su Yu took the analysis report in Qin Qiuyue's hand, glanced at it roughly, and put it down without looking at it carefully.

He knows better than the other party about the value of 'Wowu Biotech' and the current market valuation of this company, and ...... From beginning to end, he did not intend to negotiate with the other party at any fair market value.

"For the company 'Wowu Biotechnology', our institution has also conducted in-depth research." Su Yu said, "But what I want to talk about is not the current valuation of the company in the market, after all, investment is not only a simple valuation issue, but also the future risks faced after investment, market liquidity and other issues." ”

"The so-called price and value are not equal in the investment market."

"Mr. Qin himself is an investor, and his understanding of this point should be deeper than mine."

"The current investment market, especially the primary market, has suspended domestic IPOs, high foreign listing costs, and once funds are involved in an investment project, liquidity is very scarce, and the investment period is very long, and the uncertainty is also very high."

"In this case, even if the development of the enterprise is relatively stable, its value and price will show an inverted state, after all, in the secondary market, because of abundant liquidity, it can be fully valued, but in the primary market, considering the stagnation cost of invested funds, I can only accept the discount."

"Substantially ......"

"I believe that before Mr. Qin contacted us, he must have also contacted other institutions that are interested in taking over."

"And their willingness to take over at the price you offer should not be strong."

"Since Mr. Su can be invited, he must still be very sincere." Qin Qiuyue pondered for a while in Su Yu's words, and said, "Since everyone has intentions, then there is no need to hide and say some polite words, Mr. Su said directly, what is the reserve price you can accept?" ”

"Since Mr. Qin is quick to talk, then I will say it directly." Su Yu smiled and said, "According to your original input cost, how about a premium of 12%?" ”

6% of the cost of capital retention per year, for an investment institution.

It's basically the same as not earning.

The condition offered by Su Yu can be regarded as the bottom line that the other party can retreat safely, no matter how low it is, it will be difficult for the other party to agree even if it is a loss.

“12%！” When Qin Qiuyue heard this number, her brows furrowed obviously.

This price point was somewhat unexpected for her, in other words...... The other party is stuck on the bottom line that she can accept, and the price is too ruthless.

Based on their input cost of 50 million at that time.

A low of 8% is equivalent to a loss of profit of 4 million.

Such a profit may not be significant for a large institution, but it still has a great impact on her and Anzhao Fund.

"Mr. Yu, what do you think?" After pondering for a while, Qin Qiuyue set her eyes on the President Yu of the Eastern Group.

In this transaction, although in essence, she was negotiating with Su Yu, but the person who finally got the idea had to be the President Yu of the Eastern Bloc.

After all, it doesn't matter what her personal relationship with Chairman Wu of the Eastern Group is.

Neither can it change the fact that Anzhao Fund is controlled by the Oriental Group, nor can it change the fact that the vice president of the other party has more power to speak than her.

Mr. Yu glanced at Su Yu carefully during Qin Qiuyue's inquiry.

Then after a long pause, he smiled and said: "Mr. Su is really a master of negotiation, okay, the 4 million will be regarded as our Anzhao Fund to give profits to Mr. Su, I hope we can have better cooperation in the future." ”

"Mr. Yu is also a happy person!" Su Yu smiled and shook his hand again.

Then, he instructed He Qian on the side to prepare to strike while the iron was hot and sign a preliminary draft of equity transfer with the other party.

"I don't know what Mr. Su thinks about the next trend of the domestic stock market?" After negotiating the transfer of shares, Mr. Yu pulled a relationship through a concession of 4 million, and asked, "Mr. Su thinks that the current market has the basis for a bull market, and whether the market rebound in the latest quarter can continue to rebound in the next quarter?" ”

"Mr. Yu is very concerned about the stock market!" Su Yu didn't answer directly, but said it nonchalantly.

Mr. Yu said with a smile: "We Oriental Group, is a comprehensive financial company, investment business, asset management business, is also the top priority of our group's development, Su is always a genius in stock investment, finally to meet, I naturally want to ask, ask for advice." ”

"The foundation of the bull market comes from the investment confidence of the market and the easing of market credit." Su Yu said, "I don't see any obvious signs of change at the moment, but I believe ...... The future of China's financial market is still very bright, the bear market is sowing, the bull market is harvesting, and the current time should be in the best time to sow seeds. ”

The other party spoke politely, and the negotiation went quite smoothly, and he had a good impression of the two people.

So, when I saw the other party asking, I couldn't help but remind me a little.

"Mr. Su thinks that the main line of the future market will still be the current hot 'smart phone industry chain' and the 'mobile Internet' field?" Qin Qiuyue pondered for a while, then continued to answer and asked, "The main line of 'Shanghai Free Trade Zone'...... Is there a chance left? ”

The Anzhao Fund she is in charge of this round is planted on the hype of the main line of the 'Shanghai Free Trade Zone'.

As a result, the company had to sell over-the-counter investment chips to make up for its losses, and at the same time recoup funds to help its parent company, Oriental Group, survive the crisis of tight capital chains.

"The main hype of the 'Shanghai Free Trade Zone' is driven by good policy news." Su Yu said, "In my opinion, it is more like short-term speculation, like an unpopular stock without performance support, and suddenly ushered in a 'fixed increase, increase, acquisition, high transfer' and other benefits, although the stock price can be speculated with these good waves, but the impact on its corporate fundamentals is still very limited." ”

"And the hype of 'smart phone industry chain' and 'mobile Internet'."

"In my opinion, the fundamentals of the industry have undergone fundamental changes, the original market demand space has been fully opened, and the new demand may be more than 10 times or 100 times."

"In other words, this is an incremental market with an extreme outbreak, and companies in all industries will benefit from the extreme outburst of demand."

"The hype logic of these two lines is fundamentally different from the line of 'Shanghai Free Trade Zone'."

"One is short-term hype, and the other is ...... It's more like a long-term investment. ”

"Of course, no matter how the emerging outbreak of the industry, its industry growth, enterprise growth, can not be achieved overnight, and the fundamental changes of each company, in the dynamic changes in the industry, its direction is also completely different, who can stand out, not necessarily."

"Investment is an endurance race, but it is also a knockout race."

"What we have to do is to ensure that the general direction of investment is correct, continue to leave the weak and retain the strong, and embrace those companies that can stand out."

"Understood, thank you Mr. Su for your answer." Qin Qiuyue smiled and took the initiative to toast Su Yu with a glass of wine.

In a sense, Su Yu's words are worth more than 4 million, at least ...... Let her no longer have any expectations for the line of 'Shanghai Free Trade Zone'.

"Mr. Su, what do you think ......?"

After Su Yu talked about the stock market, Mr. Yu changed his words and suddenly asked: "How about our Oriental Group, and if we want to boost the stock price, where should we start?" ”

"Your Oriental Group is an old listed company listed on the A-share market." Su Yu said, "After several adjustments to the core of the business, it is now basically one of the leading comprehensive financial enterprises in Yuhang. ”

"Mr. Su is humble." Mr. Yu said with a smile, "Your name of 'Fortune Road', that shocked the entire market, and also created the myth of market wealth, really talking about stock price speculation, market short-term operation, emotional guidance, concept mining, etc., the domestic characters who can be compared with Mr. Su can be counted on one hand." ”

"Let's be honest......"

"The project of 'Wowu Bio' is actually just a small project for us in the Eastern Group."

"Let the profit not be caught, in fact, it is not so important to us, after all, the profit difference of four or five million is indeed a drop in the bucket for the entire group."

"We mainly want to establish a cooperative relationship with Mr. Su through this project."

"I hope you can do us a favor."

When Su Yu heard this, he was shocked, and then he realized that the purpose of the other party inviting him to come was not to negotiate the project of 'Wowu Biology' at all, but to find him for other more important things.

No wonder he thinks that this negotiation can be so smooth, and the other party can give up profits so easily.

Originally......

The project of 'Wowu Creatures' is just a 'bait' to attract him.

"What do you want me to help you with?" Su Yu asked a little vigilantly.

"For you...... It should be a small favor. Before Mr. Yu could speak, another middle-aged man, already under the leadership of the waiter, walked into the private room, stretched out his hand to Su Yu with a smile, and continued, "Mr. Su, I'm sorry, I'm late, I'll ...... Three glasses of wine. ”

"Mr. Wu!" Su Yu held the other party's hand slightly, a little shocked.

The person in front of him is Wu Jinghao, chairman of Zhezhou Oriental Group, one of the bigwigs in the Yuhang capital industry, worth tens or tens of billions.

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