Chapter 874: Is This Boss Yang’s Acquisition Method?
Chapter 874 Is this Boss Yang’s acquisition method?
Hearing that Yang Chen said he wanted to acquire his company, Zhao Bing immediately laughed happily.
Although Yunfeng Gas is also preparing to go public, the listing review is now much stricter than before.
Even if they want to go public, they may not be able to do so successfully.
Not long ago, Malaysia's financial services company's listing application was rejected, and the listing application of Imagine Computer Group was also rejected.
Such giant companies will be dismissed, but it will be even more difficult for private companies like Yunfeng Gas to go public.
Therefore, Zhao Bing felt that if he could sell the company at a good price, he would definitely be willing to sell his equity and use the cash to do other things.
Jiufeng Energy is only willing to give 8 billion, which does not mean that Yang Chen is only willing to give this amount of money.
It’s not bad to talk.
Zhao Bing smiled and said: "Haha... Thank you, Director Yang, for taking a fancy to our company. Director Yang is right, we are indeed discussing the acquisition with Jiufeng Energy. But we have not reached an agreement on the price, so this matter has been in a stalemate. . We want to sell the equity, and we are not picky about who the buyer is. If Director Yang can offer a suitable price, of course we are willing to sell it to you."
Yang Chen: "Then what is your target price? Give me a real price."
Zhao Bing and his wife Wang Yan looked at each other.
The two have been married for thirty years, and they can understand each other's feelings with just one look.
Zhao Bing smiled and replied: "Our target price is 12 billion. If it is less than this amount, we will not be able to continue the negotiation."
Yang Chen: "Haha... As far as I know, Jiufeng Energy's operating income last year was 8 billion, and the manager's was 398 million. Now their market value is only 12 billion, and they are still at their peak. Your revenue is less than them The price is more than 2 billion, and the net profit is more than 100 million less. Your asking price is the same as their peak market value, do you think it is reasonable?"
Zhao Bing: "From the financial data analysis, our company will definitely not be sold for such a high price. But Director Yang should know that acquiring other people's companies generally requires a certain premium. Right? You can't completely base your purchase on its actual value. Purchase price. No?"
Wang Yan also quickly said: "Director Yang should have checked our company's revenue. The normal and reasonable valuation of our company should be between 9 billion and 10 billion. We are asking for 12 billion, but the premium is only 20-30%. It’s very reasonable and not excessive at all.”
Yang Chen: "Haha... Mr. Wang, don't think of me as a fool. Your revenue in the past three years was 3.4 billion, 4.5 billion, and 5.2 billion respectively, and the corresponding net profits were 108 million, 150 million, and 220 million respectively. By This shows that your profit margin is too low, and you are just making hard-earned money. To put it bluntly, the money you make may be because you added some impurities to the liquefied gas, forcibly increasing the total amount of liquefied gas, that is, increasing This part of the money. If you simply rely on buying liquefied gas, you may be losing money. Your valuation of such a company at 9-10 billion is purely to deceive laymen. Judging from your revenue and net profit, it is a reasonable valuation The value should be 5-6 billion. Jiufeng Energy gives you 8 billion, which is already a super high price with a premium of 60%. But you still want a doubled price of 12 billion, which is really greedy."
Zhao Bing and Wang Yan looked embarrassed. They didn't expect Yang Chen to be so direct. He really didn't leave any room for them.
Zhao Bing smiled awkwardly and said, "Then why does Director Yang still have this video conference with us?"
Yang Chen: "I want to acquire your company. Do you still need to ask?"
Zhao Bing: "But you don't agree with our price."
Yang Chen: "I don't agree or disagree. The price I am willing to pay is the price I am willing to pay. There is no necessary relationship between the two. I say it so straightforwardly, and I don't mean to dismantle you. It's just that I want to tell you that I actually know a little bit about business knowledge. Don’t think of me as a fool just because I’m young and just say some deceptive things.”
Wang Yan was so embarrassed that she couldn't even laugh.
His face became obviously gloomy.
If the person holding the video conference with them was not Yang Chen, but someone else with less strength, she might have turned her back.
She is not as strong as Yang Chen, so she has to endure it no matter how angry she is.
Zhao Bing asked with a smile: "Then what does Mr. Yang mean?"
Yang Chen: "The one-time price is 8.5 billion, and all the money will be paid within three days. Do you want to do it? If you don't do it, I will acquire Jiufeng Energy, and then veto the decision to acquire your company."
Zhao Bing: "Director Yang is threatening me."
Yang Chen: "That's right. Anyway, I have the strength, don't I?"
Zhao Bing looked embarrassed and wanted to say something, but didn't know what to say.
What Yang Chen said is so right. He has this strength, even if Zhao Bing refuses to accept it.
Jiufeng Energy was only willing to pay 8 billion, and Yang Chen gave them 8.5 billion, and it would be paid in full within three days. This transaction condition was really affordable.
To say that he is unmoved would be an absolute lie.
But people are greedy, and no one would mind having too much money.
8.5 billion is already a lot, and it is basically in line with their psychological true price.
But they still want a little more money.
Zhao Bing smiled and replied: "Of course there is no doubt about Director Yang's strength. Even Wall Street giants are not your opponent, and our small company can be your enemy. However, 8.5 billion is too little. We don't want you." Given our psychological price of 12 billion, we should at least give it what we think is the lowest valuation of 9 billion.”
Time is running out, Yang Chen must acquire one of Jiufeng Energy or Yunfeng Gas as soon as possible.
Jiufeng Energy is a listed company, so it is more difficult to acquire it.
Because the equity held by many shareholders is still in the sales restriction period, it is simply impossible for Yang Chen to complete the acquisition in a short period of time.
There are two choices in name, but in fact only Yunfeng Gas has the choice.
Yang Chen: "Okay! Just 9 billion for 9 billion. I don't want to mess around with you for those few hundred million. It's such a waste of time. Get ready, I'll send someone to sign a contract with you. I'm going abroad soon. One trip, the equity transfer procedures must be completed within three days. Once the procedures are completed, I will ask someone to transfer the money immediately, and all 9 billion must be paid within three days. I don’t have much else, but I have a lot of cash reserves. As long as the bank approves the payment, you can pay at any time.”
Zhao Bing and his wife were stunned.
Is this the way wealthy boss Yang works?
At least it will take several rounds of consultations between the two parties before they can make a decision.
Settled on the first video conference?
Zhao Bing and his wife felt a little unreal, maybe Yang Chen was playing tricks on them.
Zhao Bing quickly smiled and said: "Director Yang, I heard you right. You..."
Yang Chen interrupted: "You heard it right, 9 billion, the equity transfer agreement will be completed within three days, and I will pay you within three days. Is it clear enough?"
Zhao Bing: "Haha... It's clear enough, it's clear enough. Director Yang is really so quick to do things, and he is worthy of being an expert who can counterattack Wall Street giants. That's okay, we've settled on that. Director Yang can send people at any time." Come and go through the formalities, we have already prepared everything here and can sign the contract and go through the formalities at any time.”
Yang Chen: "Okay, that's settled then. Okay, let's stop here. If there are any questions later, we'll talk about it later."
Zhao Bing: "Okay, okay."
Wang Yan: "Director Yang, go and get busy. Goodbye."
After hanging up the video, Zhao Bing and Wang Yan jumped up excitedly, hugged each other and laughed.
After working hard for most of my life, I can finally cash in and enjoy life.
Based on the 9 billion given by Yang Chen, they hold 55% of the equity and can get a total of 4.95 billion.
This money is enough for three generations of their family to live a good life without doing anything.
So, how could they not be excited?