Chapter 1515 Devious and Persecuted

3 p.m.

Peninsula Hotel.

Li Dong met the person in charge of ABSA in Xiangjiang.

ABSA Bank has no business in mainland China, but has some business in Hong Kong and Macau, so it has an office here.

Few people in China know about ABSA. Its strength in South Africa is not weak, but in terms of overall strength, it is far inferior to several major state-owned banks in China.

In 2005, the British financial giant Barclays bought 56.4% of ABSA's shares with 2.6 billion pounds. It can be seen that the overall value given by Barclays at that time was only 5 billion pounds, or about 50 billion yuan.

Of course, mergers and acquisitions in the industry cannot be completely based on money.

Some additional influences sometimes go beyond the influence of money. As a world-renowned financial institution, when Barclays acquires the other party, ABSA does not look at pure funds.

But in any case, it is an indisputable fact that ABSA is not strong among its peers.

And just before that, Teng Xun's market value was nearly 20 billion U.S. dollars, and the other party held 10.5% of the shares, worth more than 2 billion U.S. dollars, even equivalent to one-third of the value of ABSA in 2005.

But in just a few days, Teng Xun's stock worth 2 billion US dollars fell by one-third in an instant.

In a few days, ABSA lost more than $600 million!

Although it was only a loss on the books, seeing the money disappear, even ICBC, let alone ABSA, was in pain.

In April, when Li Dong interviewed them, the reply from ABSA was inconvenient.

Although optimistic about Yuanfang, general investment institutions will not invest in two companies with overlapping businesses, which does not meet their expectations.

At that time, even if PP raises funds, they will not participate.

There is no reason for both sides to burn money and eventually let one side lose.

However, at the end of April, three days before the Hong Kong stock market was closed, ABSA saw Teng Xun's stock price plummet one after another, and finally couldn't sit still.

Back then, their holdings in Teng Xun were not subjective, but passive.

Their shares come from the mortgage of MIH, or it cannot be said that it is MIH, but the mortgage of Naspers, the parent company of MIH.

However, in the past few years, Teng Xun's stock price has risen rapidly, and Naspers has not redeemed it, ABSA is also happy to continue to hold it, and can get a lot of dividends.

Moreover, according to the original mortgage agreement, Naspers wanted to redeem it before, and the price it paid was not small.

Although Teng Xun's market value is good, market value does not represent money. In fact, Naspers has no money to redeem the pledged shares.

According to Teng Xun's rising trend, Naspers may have the idea of ​​redemption after a while, even if they pay some price.

However, as the Teng Xun crisis emerged, the stock price plummeted.

Don't say that Naspers has no money at this time, even if it has money, the other party will not redeem it at this time.

ABSA has already seen this trend. Naspers is very likely to choose to give up the collateral. Once Teng Xun's stock price falls to the bottom, ABSA will also suffer heavy losses. This is not the result they want.

...

In the hotel conference room.

Li Dong looked at the black man on the opposite side for a while. This was the first time he had a business deal with a black man.

Fortunately, the other party speaks Chinese well, but it may be that he has been here in Xiangjiang for a long time, and there is a little bit of Cantonese in it.

The other party talked for a long time, Li Dong waited for him to finish, and then smiled: "My idea is very simple, ABSA currently holds a lot of Teng Xun stocks, but seeing that Teng Xun is going to die, Naspers is almost impossible redeemed.

In order not to let international friends lose, I like to do some urgent and righteous things.

ABSA can now discuss redemption with Naspers. If the other party is unwilling and gives up the right to redemption, then ABSA can deal with these shares according to its own ideas.

Taking advantage of the fact that Teng Xun's stock price has not yet fallen to the bottom, in fact, you can still make money, and you can make a lot of money.

Of course, after all, the shareholding ratio is not low, and it is difficult for someone to enter the market at this time.

Everyone is a sensible person, and I will not just watch your stocks fall into your hands, no one will take the order, and end up with Teng Xun in the end.

I give you two suggestions, you can consider.

First, we have reached an off-site agreement, and we will take over the shares, but the price will not be too high.

You can also negotiate with other organizations, but I think at this time, only Teng Xun is really willing to take over the offer.

But they have no money. As shareholders of Teng Xun, you should know this better than me. I can almost guess how much Teng Xun paid.

According to the current market value, your shares are still worth more than 9 billion Hong Kong dollars. If Teng Xun can give 5 billion Hong Kong dollars, it will be a breakthrough, and the money will not be given now, it will have to be delayed.

To put it bluntly, until the end, are you sure they still have money? "

When Li Dong said this, Da Lao Hei on the opposite side pondered for a moment and asked, "If Naspers gives up the redemption and Yuan Fang takes over, what price can you offer?"

"2 billion Hong Kong dollars."

As soon as Li Dong said this, the faces of the people opposite were a little ugly.

2 billion Hong Kong dollars!

Less than 300 million US dollars!

Before they could continue talking, Li Dong laughed again: "Of course, this is just the first plan I mentioned, but to be honest, I don't really want to take over.

It was not Teng Xun who really asked me to give this price, but our Yuanfang Mall.

You hold 10.5% of the shares in Teng Xun, which means that you indirectly hold 1.05% of the shares of Yuanfang Mall. Most of my 2 billion Hong Kong dollars are the value of Yuanfang Mall.

Of course, in this way, you will lose a lot.

It's okay, I have a second plan.

You should deal with Teng Xun's shares yourself. There is only one way to deal with them, which is to sell them in a high-profile manner!

Repurchase, Teng Xun has no money, and there is no need to talk to them. It is only natural for you to sell.

However, if a large sum is sold, Teng Xun's stock price will definitely fall. It is hard to say whether it will be able to recover 2 billion Hong Kong dollars in the end, so you will lose even more.

In order to make up for your losses, after Yuanfang PP financing starts, you can finance PP at ultra-low prices! "

In Li Dong's impression, Da Laohei is very stupid and honest, but Da Laohei on the opposite side really didn't give him such an impression.

As soon as Li Dong finished speaking, the other party immediately asked: "PP financing, is it a single PP or includes your PP-related industries?

Yuanfang Entertainment Company, WeChat, video...even Dongxing Entertainment..."

Da Laohei obviously didn't know anything about the distance, or he had done a lot of homework in advance.

There was even a mention of Wankaka at the end!

When he talked about Wanka, Li Dong said with a black face: "Wanka is not included! In addition, Dongxing is not an industry under our company, it is just a partner, and it will not be included!

For PP-related industries, you can refer to Teng Xun. In addition, there are also materials we give you.

WeChat is included in it. As an international bank, you should also understand the meaning of this.

Once WeChat explodes completely on the mobile side, the effect will be amazing.

This has also established our status as the overlord of instant messaging, and we have obtained the ticket in the mobile Internet era in advance, and we will not be like Teng Xun, who will fall into the sand halfway.

In fact, the combination of these industrial chains in the distance far exceeds the value of Teng Xun. "

Da Laohei immediately arrived: "Wanka is not included, the PP industry does not have such a high value..."

Li Dong frowned and said: "China's policy will not allow this, even if I want to, I can't do it.

As for Tenpay, it is different from us.

What's more, Huaxia will introduce some policies one after another, and Tenpay will also have to be converted in a short time. Don't say that Teng Xun didn't mention this matter! "

At the beginning, the third-party payment license was issued, and Tenpay also got the license.

However, Xiao Ma did not directly kick out the foreign capital like Ma Yun, but obtained the payment license through some evasive means, and obtained the payment license through Teng Xun Holdings.

It will be a matter of time before it can be converted.

If you don’t change it now, you will definitely have to change it next time.

In later generations, WeChat payment is actually different from Tenpay, and the two are not a system.

Of course, after all, in fact, some things are not for policy reasons, so they must not work, and they can be avoided through some legal means.

But why did Li Dong add Wankato!

Anyway, just one meaning, PP is PP, Wanka is Wanka, the two are different.

Although the big boss on the opposite side also knows this, he is still a little disappointed. The PP industry that does not include Wanka may also have great value, but the value is still greatly reduced after all.

Anyway, it is also a big group, and it is not the first day to join Teng Xun. No one knows how valuable the Internet payment system is among these giant Internet companies.

But before that, the other party also made the preparations, PP financing instead of Wanka financing, this point, Li Dong said very clearly, just mentioned, it is just a glimmer of expectation.

Now that Li Dong has clearly vetoed it, Da Laohei has no choice but to continue: "Then about the specific financing plan for PP, here in the distance..."

"The total share capital is 1 billion shares, of which 200 million shares are used for financing, and the planned financing is 3 billion US dollars!"

As soon as these words came out, Da Laohei on the opposite side began to frown.

Relatively speaking, Li Dong’s quotation is not high, and the value of 20% of the shares after financing is only 3 billion U.S. dollars, and this 3 billion U.S. dollars will enter PP instead of being taken away by Li Dong himself.

Calculated, the current valuation of the PP industry is only about 12 billion US dollars.

For a black-hearted guy like Li Dong, it was the price of conscience.

But at present, the other party has only started the first round of financing, and will definitely continue to raise funds in the future.

How can everyone make money with such a high valuation before it goes public?

So what if he surpassed Teng Xun!

The addition of a WeChat, at the current stage, is not enough to make up for the loss of the payment system being stripped.

Teng Xun's previous market value was 20 billion U.S. dollars, but that was the result after many years of listing.

If it is not listed, no one can say what the final result will be.

Is it really worthwhile to raise PP at a valuation of more than US$10 billion?

Seeing Da Laohei frown, Li Dong said lightly: "We defeated Teng Xun, we are the unique overlord!

In addition, our various industries are stronger than Teng Xun's but not weaker. In addition to my reputation, Li Dong, PP will be listed in a few years, and your rate of return will be at least 500% or more!

Such an opportunity, only this time!

If you miss it, you will miss it. There are so many international investment banks. If you give ABSA a chance this time, you may not get it next time.

In terms of fame, influence, and strength, you are not enough!

In addition, although ABSA has the priority for the newly added 200 million share capital planned this time, it is also limited, and the total share capital cannot exceed 50 million shares.

I will explain all these in advance.

50 million shares, 750 million US dollars, 5% of the shares after PP financing.

In the later stage, even if we continue to raise funds, the financing share will not be too much. Even if you do not make any additional investment, the shareholding ratio will not be less than 4% before the final listing.

After the last dilution of the IPO, the shareholding ratio will not be less than 3% until the listing.

In my plan, once the new group composed of PP and its related industries is listed, it will eventually create unparalleled value and brilliance!

After the removal of Wanka, within five years, the market value of 100 billion U.S. dollars will be bottomed out. I am sure of this.

At that time, the value of the shares you held was at least 3 billion US dollars, which was the minimum expected value, and we could even sign a VAM agreement.

Regardless of whether we can meet this expectation, we will directly repurchase it with 3 billion US dollars!

This is equivalent to, I will give you more than 2 billion US dollars for free, and the only requirement is to sell Teng Xun's stock, which is a very simple matter.

It can be said that ABSA had such an opportunity by chance, otherwise, to put it bluntly, you are not qualified to talk to me about it.

Moreover, we also made an appointment with MIH, two of them, we only need one is enough.

MIH has more advantages than you. They hold more shares. Even if I give them more than two billion US dollars for free, they will be happy. Do you believe it? "

What Li Dong said was extremely strong, as if he gave the other party a great advantage.

Now it’s more than 700 million U.S. dollars. After a few years, after listing, no matter what the stock price is, it will be repurchased with 3 billion U.S. dollars. Is this a big profit?

It's a big profit!

But more than 700 million U.S. dollars, even if they invest themselves, plus inflation, the value will be more than 1 billion U.S. dollars in a few years.

And the Teng Xun stock they held before was worth more than 2 billion US dollars.

Selling a lot now, how much money can I get back?

After careful calculation, everyone has a steelyard to see whether they are making money or not.

But now at least he can maintain a balance of payments and earn back what Teng Xun lost.

If you don't agree, then as Li Dong said, they went to MIH, and the effect is better than them. It is not impossible for MIH to agree.

While Da Lao Hei and the others were still thinking about it, Li Dong suddenly smiled and said, "By the way, I forgot to remind you that once we start negotiations with MIH, maybe they will choose to redeem your shares.

At that time, sorry, without the shares of Teng Xun, we will have no basis for negotiation.

PP financing will not be added to ABSA's list this time. "

As soon as these words came out, the faces of the people on the opposite side became even uglier.

In the face of some small companies and small businesses, if the other party wants to raise funds, they have to curry favor with them.

Anyway, it is also a banking institution with hundreds of billions of assets under management. Its own assets may not be much, but its scale is not small.

However, in the face of the world's richest man in front of him, a small bank that is not well-known, it may not be able to catch Li Dong's eyes.

They may not have the opportunity to finance distant industries.

Just look at the selection of Weibo, almost all of them are internationally renowned organizations, so there is no such thing as them.

While they were still pondering, Li Dong looked at the time and said, "Sorry, I still have something to deal with.

Also, I have an appointment with someone from MIH at 8pm.

If the other party agrees, then I can only say sorry for this meeting, I don't need too many partners, after all, the financing share is limited..."

"Mr. Li!"

The big old black on the opposite side was really a little indignant, this guy in front of him is really too arrogant!

But after shouting, Da Lao Hei suddenly closed his mouth again, the other party has the right to be rampant.

ABSA's holding group, Barclays, came to talk to Li Dong in person. Li Dong probably gave back face, but ABSA, if Li Dong didn't give face, he wouldn't give face. There was really nothing to do with him.

Li Dong saw him quiet down, and didn't provoke him any more.

In fact, he is not exciting, what he said before is the truth.

Once ABSA has no equity in Teng Xun, it is impossible for him to take the other party to play, at least not currently, unless it involves African business in the future, and it will be almost the same when there is such a need.

Whether ABSA can continue to hold these shares depends on their own means.

Li Dong doesn't understand now, since these shares were redeemed by Naspers in the future, then he naturally doesn't need to send money to ABSA, only a fool would do such a thing.

...

Li Dong only gave the person who sent ABSA away for one day.

A day later, the other party did not reply, so he focused his efforts on MIH.

Li Dong even made a special mention when the other party left: "If Naspers has no funds to redeem the shares, I can actually support some international friends with some funds. I think, take my money and go to redeem the shares. Make me a fortune again, some people may be very happy!"

As soon as these words came out, it was the general's end.

If you don't do it, then Li Dong will do it through Naspers, and Naspers is very likely to agree.

As soon as they left, Bai Su couldn't help but said: "Mr. Li, is it really okay to force them like this?"

Although Li Dong was strong in the past, he usually would not deliberately belittle the other party when negotiating. The other party is also an institution with hundreds of billions of assets under management. If he stimulates the other party so much, is he not afraid that the other party will fully support Teng Xun?

Hearing this, Li Dong shook his head and said: "It's okay if you don't stimulate, you don't understand, Teng Xun's equity is not actually theirs, I don't stimulate, they think they can bargain with me.

ABSA is not too stable here. The key is to look at Naspers. Whether it is the Teng Xun shares held by MIH or ABSA, in fact, Naspers can make the decision at the root.

Now to stimulate ABSA, maybe they can find a way to get Naspers.

It doesn't work for us to force Naspers, but it is still useful for the creditor ABSA to force them. "

Bai Su seemed to understand, but in general he understood.

All in all, ABSA will be strong.

Because the shares of Teng Xun were not directly held by them at this time, no matter how high the stock price of Teng Xun was, it might be redeemed someday.

But this time, when Teng Xun’s share price fell and Naspers had no intention of redeeming it, they used Teng Xun’s shares in exchange for directly holding shares in Yuanfang PP, which was actually quite a bargain.

Naspers is not tempted, ABSA will definitely be tempted.

If you really think that more than 2 billion US dollars is so easy to earn, there will be no poor people in the world.

It doesn't matter if you are despised by Li Dong or provoked, if you really want money, who really cares about these.