Chapter 1144

With regard to the integration of Internet resources, Dongda Chuangyu and Zhuoyu will not be tardy, but Kunteng online is an overseas listed company after all. Such a substantial business adjustment needs the approval of the board of directors.

Although oak garden is the largest shareholder and the shareholding ratio of the management is quite high, if foreign shareholders insist on boycotting, the scheme can not be implemented.

There are two representatives of foreign directors on the board of directors of Kunteng online. One is on behalf of Huadeng venture capital fund and the other is on behalf of the venture capital fund under Goldman Sachs. The participation of these two venture capital funds is indispensable for Kunteng online's great development and listing on NASDAQ in just three or four years.

After six months of Kunteng's online listing, ESS resolutely decided to reduce its holdings of shares. At that time, the total number of shares publicly issued by Kunteng online was only 5.5 million, and the reduction of ESS was as high as 17 million shares. Walden and Goldman Sachs did not want to reduce their holdings, but they also wanted to reduce their holdings in the same period, and the total reduction would increase by nearly 30 million shares. Even if the market was still in the upward channel at that time, it could not have such a solid market support. After hesitation, both Walden and Goldman Sachs decided to continue to hold the shares of Kunteng online for the time being.

I didn't expect that when ESS's reduction was clean and they were about to implement the reduction plan, the NASDAQ couldn't stand it. Within eight trading days, the share price of Kunteng online was cut by half. In this process, both Walden and Goldman Sachs tried to reduce their holdings, but they found that the support was too weak. If they opened a little, the stock price would dip sharply. They had to tacitly postpone the pace of reduction and wait for the right time.

Zeng Zihui, vice president of Goldman Sachs Asia, came to Jianye for the first time.

Although Jianye in late May has been the weather of early summer, it is a little hot. There are young girls in short skirts and suspenders on the streets, who are shining and plundering the eyes of pedestrians.

The cafe in the street of Xuefu lane is filled with strong coffee aroma, transparent floor windows, and the Wutong branches are luxuriant green. The beautiful young girls can be caught occasionally from the top of the tree. Ceng Zihui doesn't understand why Zhang Ke chose to meet him in this ordinary cafe, but what he felt was pretty bad.

Zeng Zihui had more contacts with other senior management of Jinhu, and only met Zhang Ke for the third time. Once in Beijing, it was about Kunteng online listing on NASDAQ; One was San Francisco, for global music online equity trading; Zeng Zihui is also a successful young man. After graduating from Harvard, he entered Goldman Sachs and served as a senior vice president of Goldman Sachs Asia at the age of 30. He doesn't know how this young man who is much younger than himself will feel at this time. Does he have the feeling of being high above the world and seeing all living beings as nothing?

Zhang Ke calmly stirred the coffee in the cup with a stainless steel spoon, but the coffee cup was not necessarily too small. He could hold four or five in his hand at the same time. The stainless steel coffee pot looked fifteen or six centimeters tall, but its capacity was really limited. Zhang Ke sat down with Zeng Zihui to gossip about the scenery of Jianye. Not long after, he asked the waiter to add two pots of coffee, There is no elegance and leisure of ordinary people drinking coffee.

"I'm tired of the listing and fund-raising of Xinguang paper in Hong Kong. I also want to entertain you in Jianye. I didn't expect your schedule to be so tight. I have to catch a plane to Beijing in the evening..." Zhang Ke said.

Zeng Zihui watched Zhang Ke drink coffee into his stomach. There were traces of wiping sweat on the short sleeves of his tennis shirt. Knowing that he had just finished playing tennis to see himself, he certainly envied his leisure and said with a smile: "It's not easy to make a living... I've been thinking about what Ke Shao said last time in San Francisco. Since I have the opportunity to transfer from Jianye, I also want to come and enjoy the leisure of Jianye, but the trip is too hasty... I'll make an appointment to meet Mr. Joyce in Beijing in the evening, but I can stay for one more day."

Flights from Hong Kong to Beijing are always much closer than flights to Jianye. Zeng Zihui made a special trip to Jianye for a short stay. Naturally, he has other intentions; Joyce is the equity director representative of Goldman Sachs to the board of directors of Kunteng online.

After receiving Zeng Zihui's fax request from Hong Kong, Zhang Ke understood what he meant. At this time, he pointed out his intention and said, "I heard that Mr. Joyce is a very interesting person. Meet him in the evening and give him a little greeting. I hope he will have a pleasant trip to China..."

Although the regulatory system of the U.S. securities market is strict, there is no gap for chaebols such as Goldman Sachs.

During this period, the NASDAQ index fluctuated violently, and there was no sign of stabilization of Internet stocks. The network with the deepest decline even lost 80% of its market value, and some websites began to be unable to support and close. The share price of Kunteng online was barely maintained at $20 per share, but it was very fragile. Neither Walden nor Goldman Sachs dared to reduce their holdings lightly, but they were afraid that the situation would be further delayed Further deterioration will completely lose the opportunity to reduce holdings.

If Kunteng online can have substantial benefits at this time, it will provide excellent cover for the reduction plans of Walden and Goldman Sachs.

To adjust the network resources of Dongda Chuangyu, Zhuoyu and Kunteng online, Jinhu can actually deliver greater benefits to Kunteng online and create a real benefit.

As long as Jinhu delivers $20 million or $30 million in benefits to Kunteng online, it can safely get rid of nearly $1 billion of stocks of Walden and Goldman Sachs - this is Zeng Zihui's intention here. Of course, no one can trust anyone. It's OK to point some words to avoid leaving a handle.

The U.S. securities regulatory system can not regulate the operation at this level, which is also the reason why the American people hate monopoly. The plundering of ordinary people by many commercial monopoly acts is often a gap that can not be regulated by the legal system.

Of course, the business community puts interests first, and there are not many people to talk about. At the beginning, ESS chose to resolutely reduce its holdings, while Walden and Goldman Sachs suspended it. In fact, it gave ess a cover, allowing ess to pick up a big bargain and successfully cash out at a high level, but there was no need for human affection.

Moreover, Zeng Zihui's trip may not represent the Goldman Sachs behind him, but more likely represents an internal Goldman Sachs Group with Zeng Zihui's participation. Goldman Sachs missed the opportunity to reduce its holdings of Kunteng online shares, resulting in hundreds of millions of dollars of high due profits becoming a month in the mirror and a flower in the water, which is bound to be borne by senior figures. Instigating Zeng Zihui to come forward may be the self-protection action of some people inside Goldman Sachs.

Of course, Zeng Zihui offered a lot of money.

Xinguang paper is actively preparing to be listed on the stock exchange of Hong Kong to raise funds to start a larger pulping project. Just as the Internet bubble burst, the impact of the Hong Kong stock market was also great. After the Asian financial crisis, the red chips had been in a downturn. Even though the financial situation of Xinguang paper industry has been very good in recent years, while Kumho has been behind it, it has been a private enterprise in China to raise funds on the public offering in Hongkong, and the fund-raising quota is $one billion. The difficulty is still unimaginable.

Last year, CNOOC listed in Hong Kong and raised only $1 billion.

Although the profit level of Xinguang paper is high, and the profit level has been increasing continuously and rapidly in recent years, the scale of net assets is still a little small after all.

Although many investment institutions are interested in participating in the stock issuance of Xinguang paper, they still feel that the offer price of Jinhu is too high. Investment institutions led by Goldman Sachs, Guoyu and HSBC hope that the issue price of Xinguang paper can be reduced by one third.

At this time, the negotiations were deadlocked there, investment institutions and Underwriters were biting very hard, and there had been no progress.

Zeng Zihui's position as vice president of Goldman Sachs Asia is very critical. He can indeed provide great convenience in this process, and even shake Goldman's attitude first, so as to put Jinhu in an active position.

To put it bluntly, this activity is an exchange of interests. It pits American investors. Zhang Ke has no psychological burden at all. Maybe American investors will feel that Jinhu is delivering benefits to them.

After a pleasant coffee, Zhang Ke specially asked Fu Jun to send the extended Lincoln to send Zeng Zihui to the airport.

The next evening, Zhang Ke was reading materials in the library and received an angry call from Du Fei.

"The Yankees are crazy about money," Du Fei said angrily on the phone. "Ma Xiangdong almost got into a fight with the representative of Goldman Sachs at the board meeting of Kunteng online..."

"Didn't fight?" Zhang Ke asked with a smile.

"Didn't you say almost? The Yankees asked for changes to the plan. Do you know how greedy the Yankees are? I can't say clearly on the phone. Where are you? I'll show you the fax."

Zhang Ke made an appointment with Du Fei to meet in 1978. He packed up the materials and walked slowly to 1978. Du Fei, Sheng Xia, Zhao Zilin, Shi Xuebin and Xie Zijia were already waiting for him inside. Zhao Zilin is also a member of the board of directors of Kunteng online. However, Ma Xiangdong's plenipotentiary was entrusted to discuss the adjustment plan with the representatives of Goldman Sachs and Walden. Zhao Zilin did not make a special trip to Beijing to attend the board meeting.

"You see, the Yankees are insatiable!" Du Fei faxed the proposal submitted by the director representative of Goldman Sachs to Zhang Ke, "Kunteng online has put its micq business into Dongda Chuangyu in exchange for 8% of the shares. The Yankees even proposed to reduce the shareholding ratio to 6%, but they additionally asked Dongda Chuangyu to pay Kunteng online $20 million in cash. Do you think they are crazy about money?"

Zhang Ke took a look at the plan that had formed a tacit understanding yesterday. Seeing Du Fei's indignation, he smiled and said, "it's not bad. Maybe they think the 2% equity of Dongda Chuangyu is worth $20 million," he took out a pen from his shirt pocket, signed the fax and said, "Well, I'll ask Aida group or Jinhu commercial to increase the 2% equity of Dongda Chuangyu with us $20 million. It's not necessary to inform Kunteng online for the time being..."

Du Fei and Shi Xuebin couldn't turn around for a moment, but Xie Zijia snorted in disdain: "hum, it's a secret deal again!"

"I wouldn't even admit that there is a dark deal. Since 30% of the shares of global music online can be sold at a high price of $900 million, why can't the total value of Dongda Chuangyu be worth $1 billion? We can't favor one over the other." Zhang Ke salivated and smiled and told Du Fei, "That's it. You send the fax to Ma Xiangdong. There's really no need to fight with the American guest and let him spend a happy holiday in Beijing..."

Xie Zijia pouted slightly and knew that Zhang Ke would not speak clearly because she was present. She looked up at the beautiful rotating light belt on the ceiling and whistled softly. She could guess that there was a dark deal behind her when she closed her eyes. Otherwise, where could Zhang Ke suffer this loss?

Before the dotcom bubble burst, the 2% stake in toda might be able to cheat back $twenty million, and the market value of the $one billion or $eight hundred million is not ridiculous. But now the NASDAQ Internet share has fallen by more than 80%, and over 80% of the Internet share prices have been cut off, and the assets of the company are taking over the micq business. It's lucky to be able to sell 2 billion yuan.

We can't cross the river and tear down the bridge. Xie Zijia's proposal plays a key role in enlightening the final formation of the Internet business restructuring plan. This time, Dongda Chuangyu also accepted the capital injection of Kewang high tech. Kewang high tech injected RMB 80 million into Dongda Chuangyu in exchange for 10% equity - that is, when accepting the capital injection from Kewang high tech, the market value of Dongda Chuangyu was only converted into less than RMB 800 million.

Xie Zijia can only whistle to express his disdain and dissatisfaction. Is it difficult to hold Zhang Ke's ear and let him reveal what kind of dark trading is hidden behind him? For Dongda Chuangyu, this is just a bridge transaction, which will not have substantive benefits or disadvantages. Even if Kewang high tech becomes the equity of Dongda Chuangyu, Xie Zijia attended the management team of Dongda Chuangyu on behalf of Kewang high tech, and there is no need to inform her of some things.

Du Fei tilted his lips and didn't ask much. He said to Shi Xuebin, "you should send a fax to Kunteng online on behalf of this side immediately, so that Ma Xiangdong won't work with the Yankees again..."

The board of directors immediately quarreled with the representatives of Goldman Sachs to the East. It was also determined that the scheme proposed by the representatives of Goldman Sachs would not be recognized here. It was determined that the representatives of Goldman Sachs were stirring up the situation. Therefore, they became angry and spoke ill of each other at the board meeting. Now, we agree with the proposal put forward by the representative of Goldman Sachs. Kunteng online can still obtain substantial benefits. Ma Xiangdong is not happy yet. Naturally, he can clear up his grievances with the representative of Goldman Sachs. It's not important to let go of the past. After Goldman Sachs and Walden reduce their holdings of shares, the board of directors must make adjustments, and there will be no representation of Goldman Sachs and Walden.

Zhang Ke looked at his watch and said to Du Fei and Sheng Xia, "I'll invite you two to dinner..."

Zhao Zilin and Shi Xuebin both left. If it involves a dark deal with Goldman Sachs, they are either members of the 29 person meeting or Du Fei, who has a special relationship with Zhang Ke, are qualified to know the details.

The sunset seemed to float above the roof of the ridge, and the school streets below Wutong were shrouded in shades of shadow. At that time, the most interesting thing in the School Lane was that the students from nearby universities were pouring in. Although there are high-end restaurants on Xuefu lane, there are not a few college students with rich families. Moreover, white-collar workers near Yangui lake like to come here for dinner. Zhang Ke, Du Fei and Sheng xialian found several restaurants, but they didn't find any vacancies, so they walked along Xuefu lane to the Conservatory of music.

Zhang Ke told Du Fei about Zeng Zihui's short stay in Jianye yesterday, saying: "provide more funds for Kunteng online and reduce some pressure on profitability; in addition, the listing of Xinguang paper industry should also relieve some pressure. The preparation of pulping project has been four or five years, so we can't always paint cakes there..."

Throw out the peaches here, and you should repay the plums there.

"Then our pressure is not small," Du Fei said with a smile. "At least financially, Dongda Chuangyu acquired Kunteng's micq business at the cost of $20 million in cash and 6% equity. If the operation is too poor, it's easy to fool at the 29 person meeting. The middle managers of Jinhu are people who don't know the truth..."

"Yes, how can you have no pressure at all." Zhang Ke said with a smile.

It is the early summer of 2000, and the number of Internet users across the country has just exceeded 20 million. The instant messaging market is far from winning or losing... Not to mention the variable of micq, Microsoft also pays more attention to the development of MSN and e-mail business in China than ever before due to the influence of Jinhu. Microsoft's R & D center in China is a new * * r & D department for Internet technology products and services, which is several years ahead of Zhang Ke's memory. Maybe MSN, hotmail login failure and server chain failure will not occur frequently. Maybe MSN's performance will not be worse year by year. In the instant network communication market, Dongda Chuangyu can naturally take a share from Tencent.

Zhang Ke, Du Fei and Sheng Xia go to the entrance of the alley, ready to turn east to find a restaurant, watching Li Xinyu talk to two strange young people in her arms with two books. After Zhang Ke passed by, Li Xinyu smiled at him with a pure and charming smile. She was wearing a fine checked half sleeved shirt and straight tube jeans. She habitually held the bookstop in front of her chest. She was tall and slender, but her full chest was blocked by her arms. Only from the side can she see the moving curve that almost touched the hearts of the people.

Listening to Li Xinyu's conversation with two strange young people, she had just come out of the library and stopped them to ask for directions.

"Sorry, I'm not familiar with Dongda, or I'll ask my friend to send you there..." Li Xinyu apologized to two strange young people with great guilt.

"That's OK, I still want to thank you..." the two young people who asked for directions saw Zhang Ke coming, so they left without interest.

"Where are you going to Dongda? I'll take you there. Many of my younger brothers in Dongda..." looking at the back of the two young people leaving, Zhang Ke smiled and drank, and then turned back and asked Li Xinyu, "how many people can you meet to ask for directions when you walk from Xuefu Lane every day?"

"Maybe people really don't know the way!" said Li Xinyu with a slight shame.

"Yes, we can't find a restaurant with vacant seats. I wonder if you can take us there?" Zhang Ke said with a smile.

"If you don't mind eating Hg food, I know where you should go," said Li Xinyu.

"Hg restaurant is available at this time?" Du Fei asked.

In 2000, the Korean wave was blowing badly. In addition, there were many Hg foreign students in Jianye. Several Hg restaurants in Xuefu lane were more crowded than Chinese restaurants and Western restaurants.

"There's a new restaurant in nancuiyuan. I've eaten there and feel great. If you don't mind, I'll invite you to dinner," Li Xinyu said.

Nancuiyuan is a high-end villa community built by Jingdian real estate in the name of Haisu science and Technology Software Industrial Park, which has become a synonym for Yangui Hunan region. Because a group of wealthy families live in nancuiyuan, and there are many high-end restaurants nearby.

He was too lazy to go back to the youth apartment to pick up the car, and too lazy to let the staff drive them. He stopped a taxi in the street and went to nancuiyuan. It was a Korean restaurant called hannandong restaurant, with authentic Hg decoration. The sunset didn't come behind Yangui mountain. There were not many guests in the restaurant. When I went in, I saw Hu Jinxing stroking his sleeves and standing on the seat near the window. Wang Haisu and Chen Yong sat and didn't know what they were talking about. Just because they were so engaged in talking, when I saw Zhang Ke coming in, I was almost surprised.

In the past few trading days, the network concept stocks in Shanghai and Shenzhen stock markets have continued to make bottom exploration, and Haisu technology still firmly adheres to the bottom limit of 30 yuan per share. The data analysis department of Jinhu Economic Research Center has monitored that the concentration of Haisu technology stocks is constantly improving, and the speed of improvement is very fast. This shows that Hongxin is sticking behind its back to prevent Haisu technology's share price from falling below the psychological reserve price of ordinary shareholders. Even if it is difficult to trace the specific tractor accounts used by Hongxin to operate behind the scenes, it can be roughly judged from the centralized and active trading volume of the securities operation department that Hongxin was forced to raise 600-800 million yuan of Haisu technology shares for the stock price during this period.

Chen Yong and Hu Jinxing are very pale. It is not difficult to understand that Zhang Ke remembers that in the early days of the Internet bubble in April 26th, they were chewing up with the client managers of Yunlin securities to eat in Xuexiang lane. They should be rushing to get the last sum before the Hayes technology was released. Now only with Hongxin supporting behind, can we not break through the psychological price of 30 yuan per share.

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