Chapter 874 Is This Boss Yang’s Acquisition Method?
Chapter 874 Is this the way Boss Yang buys?
Hearing Yang Chen said that he wanted to buy his company, Zhao Bing immediately laughed happily.
Although Yunfeng Gas is also preparing to go public, the listing review is now much more strictly prohibited than before.
Even if they want to go public, they may not be able to go public successfully.
Not long ago, the listing application of a financial services company in Malaysia was rejected, and the listing application of Imagine Computer Group was also rejected.
Even if such a giant company will be dismissed, it will be even more difficult for a private enterprise such as Yunfeng Gas to go public.
Therefore, Zhao Bing felt that if he could sell the company for a good price, he would definitely be willing to sell the equity and use the cash to do other things.
Jiufeng Energy is only willing to give 8 billion, it doesn't mean that Yang Chen is only willing to give this money.
It's good to talk too.
Zhao Bing said with a smile: "Haha... Thank you Director Yang for being interested in our company. Director Yang is right, we are indeed negotiating acquisition matters with Jiufeng Energy. But the price has not been negotiated, so this matter has been deadlocked .We want to sell the equity. As for who the buyer is, we are not picky. 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 replied with a smile: "Our target price is 12 billion, if it is less than this amount, we cannot 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 income was 398 million. Now their market value is only 12 billion, and they are still at their peak. Your revenue is less than theirs The net profit is also less than 100 million. Your asking price is the same as their peak market value, do you think it is reasonable?"
Zhao Bing: "From the analysis of financial data, our company will definitely not be able to sell for so much money. But Mr. Yang should know that the acquisition of other companies usually requires a certain premium. Right? You can't completely base on its actual value. Purchase price. Isn't it?"
Wang Yan also quickly said: "Mr. Yang should have checked our company's revenue status. Our company's normal and reasonable valuation should be between 9 billion and 10 billion. Our asking price is 12 billion, but the premium is only 20-30%. That's perfectly reasonable and not excessive at all."
Yang Chen: "Haha... Director Wang, don't take me for 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. By It can be seen that your profit margin is too low, and you are making hard money. To put it bluntly, the money you earn may be because you added some impurities to the liquefied gas, which forcibly increased the total amount of liquefied gas, that is, increased This part of the money. If you simply rely on buying liquefied gas, you may be losing money. Such a company, if you value it at 9 billion to 10 billion, is purely a lie to laymen. Judging from your revenue and net profit, a reasonable estimate The value should be 5 billion to 6 billion. Jiufeng Energy gave you 8 billion, which is already a super high price of 60% premium. You still want to double the price of 12 billion, it is too greedy."
Zhao Bing and Wang Yan looked embarrassed, they didn't expect Yang Chen to be so direct, he really didn't leave them any room.
Zhao Bing smiled awkwardly and said, "Then why did Chairman Yang still hold this video conference with us?"
Yang Chen: "I want to buy your company. Do you even need to ask?"
Zhao Bing: "But you don't agree with our price."
Yang Chen: "I don't agree with it or not. The price I'm willing to pay is the price I'm willing to pay. There is no necessary relationship between the two. When I say it so bluntly, I don't mean to tear down your platform, it's just that I want to tell you that I actually know a little bit of business knowledge, so don’t take me for a fool just because I’m young, just say some foolish things.”
Wang Yan was so embarrassed that she couldn't laugh anymore, her face became obviously gloomy.
If the person who held the video conference with them was not Yang Chen, but someone else with less strength, she might have turned her face.
The strength is not as good as Yang Chen, so she has to endure it no matter how angry she is.
Zhao Bing asked with a smile: "Then what does Director Yang mean?"
Yang Chen: "The one-off 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 buy Jiufeng Energy, and then veto the decision to buy your company."
Zhao Bing: "Dong Yang is threatening me."
Yang Chen: "That's right. Anyway, I have this strength, don't I?"
Zhao Bing looked embarrassed, wanted to say something, but didn't know what to say.
What Yang Chen said was so right, he has this strength, even if Zhao Bing refuses to accept it.
Jiufeng Energy is only willing to pay 8 billion, and Yang Chen will give them 8.5 billion, and pay them all within three days. This transaction condition is really affordable.
It would be an absolute lie to say that he was not moved.
But people are greedy, and no one thinks too much money.
8.5 billion is already a lot, and it is basically in line with their psychological real price.
But they still want a little more money.
Zhao Bing replied with a smile: "Of course, there is no need to doubt the strength of Director Yang. Even the giants of Wall Street are not your opponents, and our small company can be your enemy. However, 8.5 billion is too little. We don't want you Give us a psychological price of 12 billion, or at least give us the minimum valuation of 9 billion."
Time is running out, Yang Chen must buy 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 shares held by many shareholders are still in the sales restriction period, it is impossible for Yang Chen to complete the acquisition in a short period of time.
In name there are two choices, but in fact only Yunfeng Gas has a choice.
Yang Chen: "Okay! 9 billion is 9 billion, I don't want to talk to you about those hundreds of millions, it's a waste of time. Get ready, I'll send someone over to sign a contract with you. I'm going abroad soon One trip, the equity transfer procedures must be completed within three days. After the procedures are completed, I will ask someone to transfer the money immediately, and the 9 billion will be paid in full within three days. I don’t have much else, but I have a lot of cash reserves. As long as the bank approves it, you can pay at any time.”
Zhao Bing and his wife were stunned.
Is this the style of the rich and powerful Boss Yang?
Anyway, the two sides have to negotiate several rounds of meetings before making a decision.
The first video conference is set?
Zhao Bing and his wife felt a little unreal, Yang Chen must be playing with them.
Zhao Bing hurriedly said with a smile: "Yang Dong, I heard you right just now. 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 straightforward in doing things, and he is indeed a genius who can fight against Wall Street giants. That's fine, we'll make it so. Director Yang can send someone at any time Come and go through the formalities, we have already prepared everything here, and we can sign the contract and go through the formalities at any time."
Yang Chen: "Okay, then it's settled. Alright, let's stop here. If there are any problems later, let's talk."
Zhao Bing: "Okay, okay."
Wang Yan: "Director Yang, go and get busy. Goodbye."
After hanging up the video, Zhao Bing and Wang Yan immediately jumped up excitedly, hugging each other and laughing loudly.
After being busy for most of my life, I can finally cash out and enjoy life.
According to the calculation of 9 billion given by Yang Chen, they hold 55% of the shares, and they can get a total of 4.95 billion.
The money is enough for three generations of their family to live well without doing anything.
So, how can they not be excited?