Chapter 777 Calculated Based on the Valuation of 900 Billion Meters of Gold
"Everyone, I'm sorry to keep you waiting for so long." Yang Chen said with a smile.
Although the representatives of these giant companies felt uncomfortable, they did not dare to show it.
"We have taken the liberty of disturbing Mr. Yang's rest."
"It's our fault to come to see Mr. Yang without an appointment."
"It's great that Mr. Yang can meet us despite his busy schedule. Mr. Yang, please sit down quickly."
"Yes, yes, let's sit down and talk."
…
These people really know how to talk.
Yang Chen smiled and nodded, and asked Li Zhien to sit down together.
"If you want to see me, tell me now." Yang Chen said with a smile.
Matthews Lopez, a representative of Goldman Sachs, immediately said: "We at Goldman Sachs admire the Xiaoguang Hospital Group run by Mr. Yang and want to seek cooperation opportunities. We are willing to invest cash and hope that Mr. Yang can give us some equity."
Morgan Stanley representative Murphy Woods also quickly said: "We at Morgan Stanley are also very interested in the Xiaoguang Hospital Group run by Mr. Yang. We hope that Mr. Yang can release some equity to us."
Representatives of other consortiums also quickly expressed similar meanings.
Only then did Lucas Rivers, the representative of Glencore, find out what company everyone wanted to invest in. It turned out to be Xiaoguang Hospital Group.
Xiaoguang Hospital Group also has branches in the Swiss capital, and Lucas Rivers knows how profitable it is.
Although Glencore has always invested in commodities, companies like Xiaoguang Hospital Group that are guaranteed to make profits can also try investing.
However, Lucas Rivers is more cautious. He wants to see the situation first before deciding whether to speak.
Yang Chen nodded with a smile and said: "Thank you all for your support of our Xiaoguang Hospital. But... you should also have investigated. The net profit of Xiaoguang Hospital Group last year was 366.856 billion Daxia coins, which is approximately 58 billion meters. Gold, an increase of 13% compared with 324.534 billion meters of gold in the previous year. The net profit in the first quarter of this year was 183.65 billion, approximately 29 billion meters of gold, an increase of 49.6% compared with the same period last year, which was equal to half of the net profit of last year. By This shows that Xiaoguang Hospital Group's profitability is getting stronger and stronger, and it has achieved a qualitative leap this year.
As Xiaoguang Hospital continues to expand around the world, the group's profitability will become stronger and stronger. So, please give me a reason to sell equity. "
Generally speaking, there are only two possibilities for major shareholders to sell shares.
The first is that major shareholders of listed companies cash out at high levels.
The second type is that the company is short of money and the major shareholders have no money, so they can only rely on selling equity in exchange for capital injection.
Yang Chen has already issued a statement that Xiaoguang Hospital Group will never go public.
The group has strong profitability and sufficient cash flow, and Yang Chen himself is not short of money, so why would he sell his equity?
The equity sold at this time is equivalent to giving away benefits to others.
Because no matter who buys the shares of Xiaoguang Hospital, they can wait for dividends.
Therefore, Yang Chen really couldn't find a reason to sell his shares.
Of course those consortium representatives also understand this.
So they gave Yang Chen an idea.
Increasing the capital of Xiaoguang Hospital Group will dilute the equity held by him and current shareholders to a certain extent, but he can immediately obtain high amounts of cash from these consortiums.
And they allowed Yang Chen to choose the currency himself.
If Yang Chen wants Daxia coins, they can exchange them for Daxia coins for him.
If Yang Chen wants foreign currencies, such as rice gold, Obi, etc., they can satisfy them.
If Yang Chen wants to participate in international games, he must use a large amount of foreign currency.
Therefore, they thought this was a good opportunity for Yang Chen to hoard foreign currency.
Yang Chen's personal foreign currency reserves in the Swiss Bank are as high as tens of billions of gold, and the reserves of the Dragon King Palace are as high as hundreds of billions of gold. In addition, Li Zhien can also help Yang Chen, as well as Yamaguchi on the island country. Like Xin Daochuan and others, they also have foreign exchange reserves. If Yang Chen wants to buy things with foreign currency, it is just a matter of order, so why bother hoarding foreign currency?
"Thank you for your kindness. I don't think I need to hoard foreign exchange reserves. If I really need it, I can apply to the government to exchange foreign exchange. Therefore, the reasons you gave me cannot convince me to sell my equity." Yang Chen smiled said.
At this time, Marcus Johnson, a representative of Citibank, said: "We at Citibank can inject capital at a premium, up to a 30% premium. As long as Mr. Yang is willing, he can immediately obtain high returns. Is this a sufficient reason?"
Representatives of other consortiums were anxious.
This is just the beginning of the discussion, why can't you, Citibank, keep your composure and start charging a premium so quickly?
Without waiting for other consortium representatives to speak, Yang Chen said very directly: "I won't pay attention to a mere 30% premium. According to the current trend, it only takes one year to recover the cost of a 30% premium. What do you think? Am I willing? If you really want to acquire it at a premium, then I will give you an offer. The current valuation of Xiaoguang Hospital Group is 300 billion yuan, but according to its profitability, this valuation is low. Everyone should be able to understand. If you want to inject capital, then based on the valuation of 300 billion rice gold, you can inject equity at a premium of 3 times. This is my bottom line. If you can accept it, we will continue to talk. If you cannot accept it, Let’s just talk about it.”
Based on 300 billion meters of gold and a premium of three times, that would be capital injection based on 900 billion meters of gold.
That means that if they want to obtain 1% of the equity of Xiaoguang Hospital Group, these consortiums need to pay 9 billion yuan.
Last year, Xiaoguang Hospital Group's net profit was 58 billion yuan. If all this money was used as dividends, 1% would mean that 580 million yuan could be distributed.
If it pays 9 billion and pays 580 million in dividends a year, it will take 15 years to recover the capital.
Of course, based on the growth rate of Xiaoguang Hospital's net profit, it may actually be able to recover its capital in less than 10 years.
Before the consortium representatives came, the headquarters actually gave them the expected price.
Take Goldman Sachs Group, for example. The highest premium they can accept is 80%, which is the equity that can be obtained based on the investment of 540 billion meters of gold.
Based on this valuation, it will be possible to pay back the capital in about 5 years, and then it will be a net profit.
Obviously, it is absolutely impossible for Yang Chen to accept this kind of offer, which is equivalent to giving them money for free.
Matthews Lopez, a representative of Goldman Sachs, said: "Mr. Yang, I respect your offer. But it is too high, don't you think? If we follow your price, it will take us more than ten years to recover the cost of this investment. The payback period is too long.”
Marcus Johnson, a representative of Citibank, also said: "Yes! Mr. Yang's price is a bit dishonest and unacceptable. We think a premium of 50% is a reasonable price, and the maximum cannot exceed 80%. Otherwise, Mr. Yang It’s just insincere. Isn’t it?”
People from other consortiums also started chatting, and they all blamed Yang Chen for asking too harsh a price.
Yang Chen signaled them to be quiet, and then said with a smile: "I won't force you, this is a two-way choice. If you feel that my quotation is too high, you don't have to invest. I will not force you to accept my price. Invest in my company. My price has been given. If you can’t accept it, let’s talk about it here. Everyone, we have to go to have breakfast, excuse me.”
After saying that, Yang Chen stood up and pulled Li Zhien away.
This shocked a lot of investment tycoons.
Was there any mistake?
Doesn’t this guy know what’s going on with Goldman Sachs, Morgan, Citigroup, etc.?
How dare he be so arrogant?