573 KFC in hand
"The dragon and phoenix fetus are good, both children and daughters." Wu Xiuling smiled, and her eyes almost closed.
After a while, the two children were pushed out, which was also the first time Chen Zhiwen had such close contact with his own children, in his previous life, he had no descendants, and he was a father for the first time in two lives.
has no experience in holding children, Chen Zhiwen didn't get started, just put his fingers on the hands of the two babies, only to see the baby girl instinctively grab her fingers, her hand is so small, it feels like grasping a pillar.
The boy next to him suddenly began to cry, causing Chen Tianfu and his wife to panic, although they used to raise children, but that was decades ago, and at that time, it was completely different from now.
Several nursery teachers who had been on call for a long time hurriedly stepped forward and judged that the child should be hungry, and after feeding the prepared goat milk powder, it was much better.
After such a while, Liu Xiaoli was also pushed out of the operating room by the doctor inside, and everyone also put the two children on both sides of her, as if they smelled their mother's smell, and the two of them quickly quieted down completely.
Just after giving birth, Liu Xiaoli's body is also relatively weak, and it is also late at night, after everyone interacted for a while, the three of them were sent to the rest room that had been prepared a long time ago, as a super VIP, when the hospital was just built, this place was already designed, specifically for the Chen family, and the relevant personnel were naturally ready.
The birth and follow-up care of the heir of the Chen family is a big deal, even if it is a billion-dollar business, it has to be postponed.
Chen Zhiwen has also been staying in the hospital for the next few days, and he does not need to be involved in taking care of him, but he can play and interact with the children when they wake up, which is still good.
Liu Xiaoli's parents and family were also arranged to come to Hong Kong, and all the family members also celebrated the birth of two new lives together.
Time flies, half a month has passed in a blink of an eye, accompanying the growth of the child, making Chen Zhiwen feel very happy, letting go of all business things, and people are a lot more relaxed.
However, as the top entrepreneur in Hong Kong and even in the world, many responsibilities are unavoidable, for example, in Hong Kong alone, there are tens of thousands of employees who directly depend on his industry to survive, plus hundreds of thousands in the mainland and overseas. Indirect, possibly multiplied by 10.
If it's just a business like Hongkong Land, he can put it down, anyway, just collect rent and wait for appreciation, as long as he doesn't encounter a real estate crisis, but he has a lot of various types of companies, although there are professional managers, but as a boss, he still needs to know about it often.
On May 22, Chen Zhiwen met with Henry Morgan, who had come from the United States, in a private room of a café next to Huagang Hospital.
"Eric, congratulations on becoming a father and a pair of twins, this is my gift to my two children, please keep it." Henry Morgan took out a mahogany-colored gift box from the bag next to him and said with a smile.
"Thank you." Chen Zhiwen was not polite, and accepted it directly, no gift has actual value to them, this is just a manifestation of friendly relationship.
After opening the box, there were two jade pendants inside, but the shape was a bit like a cow.
"This is a cow?" Chen Zhiwen asked curiously.
"Yes, it's a cow." Henry Morgan laughed and said: "I know that you Chinese have a thing called the zodiac, which is based on 12 kinds of animals, according to this law, this year is the Year of the Ox, so I specially found experts in jadeite, according to the shape recorded in ancient Chinese books, to create this pair of cow-shaped jade jade pendants, if you like it, you will like it." ”
"It's good, I love it." Chen Zhiwen nodded with a smile and said, this gift itself is not bad, and it is quite thoughtful, even if it is not necessarily Henry Morgan who came up with it.
"Actually, I like cows a lot, but it's a pity that they're too big, otherwise it would be nice to be a pet." Henry Morgan said with a smile again.
"It's true." Chen Zhiwen nodded and said, in terms of contribution to human civilization, cattle are definitely the greatest, especially for ancient China, which was an agricultural civilization, and even killing cattle was illegal in ancient times, but in modern times, it has become food again.
"Eric, this is the final offer of the Huberline Group, can you take a look? If so, you can trade directly. Henry Morgan said again. Although Chen Zhiwen is his important partner, it is not really just to give a gift, so he specially rushed from the United States to come here, mainly for the acquisition of KFC, which is also a medium-sized acquisition for Morgan Stanley.
"$515 million, it seems that they have also made a lot of concessions." Chen Zhiwen took the envelope, glanced at it and said.
"It may also be caused by the deterioration of the financial situation, as far as I know, they have also contacted several large food companies in Europe and the United States, but they have not received a response, so I guess they can't wait." Henry Morgan said.
"No response? Which companies? Chen Zhiwen asked.
"Nestle and Danone in Europe, Pepsi in the United States, and a large fund company on Wall Street." Henry Morgan replied: "Huberline has been in contact with them for a few months, and also wants to pull them in, and then compete with you for KFC, but it doesn't seem to be successful, I also asked through the relationship."
In fact, these companies do not mean that they don't look down on KFC, but they may not be willing to have a conflict with you on the acquisition, and the internal controversy is relatively large, and you also know that there are too many shareholders and directors of listed companies, and a small number of people oppose it and can't do it, so in the end it will be over. ”
"It seems that my name still has a role in Europe and the United States." Chen Zhiwen said with a light smile, this is also a benefit of being a well-known figure, doing anything, when others want to intervene, they need to consider the gains and losses, such as general acquisitions, unless they encounter strategic acquisition targets, no one is willing to face off with another big consortium, and it is not good for themselves to do so.
Even Chen Zhiwen himself will be the same, if you don't do it, there is no need to conflict with other consortia for things with low returns, everyone is in the shopping mall, the fundamental purpose is to make money, and Hong Kong is a small place, because the market is too small, the interests are so big, and there are only a few good things, so there are often multi-party acquisition wars, and in the international market, although there are many acquisition cases, there is rarely a confrontation between consortia, because there is no need, and there are many other similar companies that can be acquired.
Although the scale of KFC is not small, it is not irreplaceable, there are many companies of the same type, and the untapped market is very large, even if a company starts again, there are certain opportunities. If it is McDonald's, which is already very well-known and almost the largest in the world, it may really be able to introduce a large number of wolves to compete often, otherwise, everyone will not make enemies at will, which is also an unspoken rule to avoid the acquirer from taking advantage of it in the end.
"Your name is very loud on Wall Street, and I don't know how many big investment banks want to get in touch with you." Henry Morgan said with a light smile.
This is the truth, Chen Zhiwen's entrepreneurial history is no secret on Wall Street, from the initial entrepreneurship to the subsequent global level mergers and acquisitions, almost none of them are failures, they can be said to be very successful, and the income of each investment is also very large, it can be said that they have stepped on the most suitable node, which can make Wall Street people red-eyed, and they want to get in touch but have no chance.
Of course, as a major investment bank, it is actually easy to see Chen Zhiwen, but what is the use of meeting? Cooperation is necessary, so Costco's listing in the United States has become the target of many investment banks.
Morgan Stanley has an advantage in this regard, but it can't be said to sit back and relax, and the Morgan consortium also values Chen Zhiwen very much, especially a few years ago, they invested in junk bonds in the United States according to Chen Zhiwen's advice, and now that the economy is picking up, these junk bonds that were once worthless have increased in value several times at once, only to make the people who invested at the beginning regret why they didn't invest more, but this is also impossible, at that time, how could it be all in because of an outsider's suggestion?
And now, the opportunity for junk bonds has passed, and the family also wants to know if there will be any good opportunities in the future, which is why the group also attaches great importance to the acquisition of KFC, and has concentrated a lot of manpower and material resources to deploy.
"So be it, but it's still a little higher than I expected, and let's extend it a little bit longer in terms of payment." Chen Zhiwen nodded and decided.
KFC's net profit now a year is close to 25 million US dollars, according to the general price-earnings ratio, there is more than 400 million US dollars, this is an acquisition, and then a little premium, it is almost 500 million US dollars, it should be about the same, the acquisition always has to pay a little more, get it early, it is also considered to be a matter of implementation, otherwise, in case which food giant really joins in, it will be troublesome, although this possibility is not high, and after the acquisition, the current timing is also appropriate, you can start to enter the country, At least those cities that have opened up, no problem.
"Okay, then when I go back, I will immediately start preparing for the acquisition agreement, and when the agreement is completed, I will show you it." Henry Morgan said.
"Okay, that's hard." Chen Zhiwen nodded and said, this matter is all in charge of Morgan Stanley, from front to back, naturally including contract drafting, and even after the acquisition, there will be follow-up after-sales service, the investment bank in the United States, although it is not a good thing, but as long as you want to do long-term business, you must do a good job in service, the capital world is like this, supermarket service is good because you know that you will come to shop, bad service will affect business, and real estate companies or car companies, is another matter.
"It should." Henry added: "Mr. Sean Mosby, the current CEO of KFC, wants to meet with you before the acquisition to understand the future development, what do you think?" ”
"Yes, just let him come to Hong Kong directly." Chen Zhiwen nodded and said, although KFC is currently in the middle of the American fast food industry, but it also involves thousands of jobs, counting suppliers or franchisees, there are 10,000 people, such a change in ownership at the capital level is a very important thing, the existing management, must communicate with the new boss, so as to understand the new boss's requirements for the future company, the help it can provide, or how many resources the company will ask for in the opposite way and so on.
"Okay, then he will come to Hong Kong in the next few days." Henry Morgan nodded and said.
Three days later, Sean Mosby, the current CEO of KFC, came to Hong Kong, the same café as before, where Chen Zhiwen met him.
"Mr. Mosby, please, the coffee here is good." Chen Zhiwen said with a smile.
"Mr. Chen, you should call me Sean." Sean Mosby didn't dare to be careless, although Chen Zhiwen proposed to buy KFC half a year ago, he sent someone to investigate, this Asian super-rich man has a good reputation in the global professional manager group, and is more polite to his subordinates, willing to delegate power, and willing to vigorously support his company, including using his own money to increase capital, etc., but these are just rumors, how to be specific, he doesn't dare to gamble, and even if the future boss is like this, it is also to treat those veteran employees, and it is not the same as a newcomer.
"Okay, Sean, it's a little more convenient." Chen Zhiwen nodded and asked again, "Have you ever been to Hong Kong before?" ”
"I came, it was more than ten years ago, I was not the CEO of KFC at that time, I was responsible for developing the Hong Kong market, and I visited many prosperous business districts in Hong Kong, I have to say that Hong Kong has changed a lot in the past ten years." Sean said that he came to Hong Kong last night, so naturally it was impossible to go to the boss at night, so he had time to walk around the Central neighborhood of Hong Kong and probably learned some news.
"Hong Kong is only going to change." Chen Zhiwen smiled and asked: "I remember that ten years ago, there was KFC in Hong Kong, but later, it was gone, and only McDonald's remained." ”
"Yes, the operation in Hong Kong was not very successful, mainly because after the outbreak of the oil crisis, there was not enough money to expand in many parts of the world, and then it had to shrink." Sean said.
"The oil crisis, coupled with inflation and high interest rates in Europe and the United States, does have a great impact on the expansion of enterprises, but this cannot be said to be the whole reason, McDonald's is also affected, but they are still in the stage of rapid expansion in the past decade." Chen Zhiwen said.
"I admit that in terms of business, we can't beat McDonald's, especially now that their advantages have emerged, and it is even more difficult for us to catch up." Sean nodded and said, although there are other reasons, but if you can't beat it, you can't beat it, and McDonald's is indeed stronger.
"In the U.S. market, McDonald's has taken the lead, not that there is no opportunity, but in the market competition that people focus on, it is not very cost-effective, even if your main products are different, but the customers are the same. On the European side, it's a little better, and now you can still catch up, and I'm most optimistic about the places in Asia or South America, which you haven't touched on much yet. Chen Zhiwen said slowly. (End of chapter)