At 3 pm.
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 Macao, so it has an office here.
Few people in China know that ABSA is not weak in South Africa. However, in terms of overall strength, it is far inferior to several major state-owned banks in China.
In 2005, the British financial giant, the British financial giant, bought 56.4% of the shares of ABSA with 2.6 billion pounds. It can be seen that the overall value given by the British financial giant at that time was about 5 billion pounds, about 50 billion yuan.
Of course, mergers and acquisitions in the industry can't be completely based on money.
Some additional effects, sometimes beyond the impact of money, as a world-famous financial institution, the acquisition of the other side of the bank, ABSA is not looking at pure capital.
But in any case, ABSA's strength is not strong among peers, which is an indisputable fact.
Before that, Teng Xun's market value was nearly 20 billion US dollars, and the other party held 10.5% of shares, worth more than 2 billion US 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, fell by a third instantly.
In a few days, ABSA lost more than $600 million!
Although it's just a loss on the book, I can watch the money disappear. Even the industrial and commercial banks have to suffer from pain, not to mention ABSA.
When Li Dong interviewed them in April, the reply given by ABSA was inconvenient.
Although optimistic about the distance, the general investment institutions will not invest in enterprises with overlapping business, which is not in line with their expectations.
At that time, even if PP financing, they would not participate in.
There is no reason to burn money on both sides and let one side lose at last.
However, at the end of April, three days before the Hong Kong stock market closed, ABSA saw Teng Xun's share price plummet one after another, and finally could not sit still.
At that time, their shareholding in Teng Xun was not a subjective one, but a passive one.
Their shares came from MIH's mortgage, or not MIH, but from naspers, MIH's parent company.
However, in recent years, Teng Xun's share price has risen rapidly, and naspers has not been redeemed. ABSA is also happy to continue to hold, and can get a lot of dividends.
And according to the original mortgage agreement, naspers wanted to redeem it at a high price.
Although Teng Xun's market value is good, the market value does not represent money. In fact, naspers has no money to redeem the shares mortgaged.
Originally, according to Teng Xun's continued upward trend, maybe after a while, naspers may have the idea of redemption, even if it pays some price.
However, with the emergence of Teng Xun crisis, stock prices plummeted.
Don't say that naspers has no money at this time. Even if there is money, the other party will not redeem it at this time.
ABSA has seen this trend. Naspers may choose to give up the mortgage. Once Teng Xun's share 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, but he still sold a lot. Teng Xun's share price will definitely fall. It's hard to say whether he can recover HK $2 billion in the end, so that you will lose more.
In order to make up for your losses, after the opening of remote PP financing, you can finance PP with ultra low price
In Li Dong's impression, big old black is very silly and honest, but the big old black on the opposite side has not really brought him this impression.
As soon as Li Dong's voice dropped, the other party immediately asked, "is PP financing a single PP or does it include your PP related industries?
Remote entertainment companies, wechat, video Even East Star Entertainment... "
Laohei obviously did not have any understanding of the distance, or did a lot of homework in advance.
Even mentioned the ten thousand cartoon finally!
When he talked about ten thousand cartoon, Li Dong said: "ten thousand cartoon is not included! In addition, Dongxing is not an industry under our banner, it is just a partner and will not be included!
PP related industries, reference Teng Xun on the line, in addition, we give you the information also have.
Wechat is included in it. As an international bank, you should also understand its meaning.
Once wechat breaks out completely on the mobile terminal, the effect is amazing.
This has also established our position as the leader of instant messaging. We have got the tickets in the era of mobile Internet in advance. We will not be defeated in the middle of the way like Teng Xun.
In fact, the remote combination of these industrial chains, but also far beyond the value of Teng Xun. "
Big old black horse goes up: "ten thousand cartoon does not include among them, PP industry does not have so high value..."Li Dong frowned: "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, China will introduce some policies one after another. Before long, TenPay will also have to change its system. Don't say Teng Xun didn't mention it! "
At the beginning, the third party paid for the license and got the third party to pay.
However, Ma Ge didn't kick out foreign capital directly like Ma Yun. Instead, he got payment license through some evasive means or Teng Xun holding.
But it will change sooner or later.
If we don't change it now, we must change it next time.
In future generations, wechat payment is different from TenPay. They are not a set of systems.
Of course, in fact, some things can't be avoided without policy reasons. They can be avoided by some legal means.
Why does Li Dong add ten thousand cartoons!
Anyway, just one meaning, PP is PP, 10000 cartoon is 10000 cartoon, the two are different.
Although the opposite big old black also knows this, but still some disappointment, does not include the cartoon PP industry, may also have great value, but the value is still greatly reduced.
Anyway, it's also a big group. It's not the first day to join Teng Xun. Who doesn't know how much value the Internet payment system has in these giant Internet enterprises.
However, before that, the other party has also made preparations for PP financing instead of 10000 cartoon financing. Li Dong made it very clear that he had just mentioned that he only had a glimmer of expectation.
Now Li Dong has definitely rejected it, and big old black has no choice but to continue: "the specific financing scheme of PP is far away from here..."
"The total share capital is 1 billion shares, of which 200 million are used for financing, and the planned financing is 3 billion US dollars!"
As soon as this word came out, big old black on the opposite side began to frown.
Relatively speaking, Li Dong's offer is not high. After financing, the 20% shares will be worth US $3 billion, and the US $3 billion will enter PP rather than be taken away by Li Dong himself.
After calculation, the current valuation of PP industry is only about 12 billion US dollars.
For Li Dong, a black hearted guy, it's the price of conscience.
But at present, the other party only started the first round of financing, and will certainly continue to raise funds later.
How can we make money if we give such a high valuation before listing?
Even if surpass Teng Xun again how!
At the present stage, the addition of wechat is not enough to make up for the loss caused by the separation of payment system.
Teng Xun's market value before 20 billion US dollars, but that is the result of many years of listing.
No one can say what the final result will be if it is not listed.
Is it really cost-effective to raise PP with a valuation of more than 10 billion US dollars now?
See big old black frown, Li Dong light way: "defeated Teng Xun, we are the unique overlord!
In addition, our various industries are stronger than Teng Xun, plus my li Dong's reputation, a few years later PP listing, your lowest rate of return is more than 500%!
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 a chance this time, you won't see it next time.
On fame, on influence, on strength, you are not enough!
In addition, although ABSA has the priority, it is also limited to the 200 million new share capital of this plan, and the total share capital shall not exceed 50 million shares.
I'll make it clear in advance.
50 million shares, 750 million US dollars, 5% 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 add any additional investment, your shareholding ratio will not be less than 4% before the final listing.
After the last dilution of IPO, when listed, the shareholding ratio will not be less than 3%.
In my plan, once the new group composed of PP and its related industries is listed, it will surely create incomparable value and brilliance in the end!
After removing ten thousand cards, the market value of 100 billion US dollars will bottom out in five years, which I am sure.
At that time, the minimum value of your shares was more than $3 billion, which was the lowest expected value. We could even sign a bet agreement.
No matter whether we can meet this expectation or not, we will buy back directly with us $3 billion!
This is equivalent to, I give you more than 2 billion US dollars for nothing. The only requirement is to sell Teng Xun shares. It's a very simple thing.
ABSA can be said to have such an opportunity by chance. Otherwise, you are not qualified to talk to me about this.
Moreover, we also have an appointment with MIH, two families, we only need one.
MIH has more advantages than you. They hold more shares. Even if I give them more than two billion dollars, they will be happy. Do you believe it or not? "What Li Dong said was extremely strong, as if to give the other side a big bargain.
More than $700 million is now offered. In a few years, after listing, no matter how much the stock price is, it will be bought back with us $3 billion. Is this a big profit?
It's a big profit!
But more than $700 million, even if their own investment, plus inflation, will be worth more than $1 billion in a few years.
And their previous holdings of Teng Xun shares, worth more than $2 billion.
How much capital can you get back if you sell a lot now?
After careful calculation, we all have steelyard.
But now at least still can maintain the balance of payments, can Teng Xun loss to earn back.
If they don't agree, as Li Dong said, they find MIH, and the effect is better than them. It is possible for MIH to agree.
Just as big old black were still planning, Li Dong suddenly said with a smile: "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 Teng Xun shares in hand, then we have no basis for negotiation.
The financing of PP will not be added to ABSA's list this time. "
As soon as the words came out, the faces of several people on the opposite side were even more ugly.
In the face of some small companies, small enterprises, if the other side of the financing, that can't flatter them.
At least it is also a banking institution with hundreds of billions of assets under management. Its own assets may not be large, but its scale is not small.
However, in the face of the world's richest man in front of him, a small bank with a low reputation may not be able to enter Li Dong's eyes.
They may not really have this opportunity to finance distant industries.
It's easy to see the choice of microblog. Almost all of them are well-known institutions in the world. There is nothing about them.
While they were still pondering, Li Dong looked at the time and said, "sorry, I have something to deal with.
By the way, I'll make an appointment with MIH at 8 p.m.
If the other party agrees, I can only say I'm sorry. I don't need too many partners. After all, the financing share is limited... "
"Mr. Li!"
The big old black on the opposite side is really angry. The guy in front of him is really arrogant!
But after a shout, big old black suddenly shut his mouth again, the other side has the qualification of rampant.
Basa, the holding group of ABSA, came to talk with Li Dong in person. Li Dong probably gave face back. But ABSA, Li Dong did not give face, so he couldn't do it.
Li Dong saw that he stopped fighting and did not stimulate each other.
In fact, he is not exciting. What he said before is true.
Once ABSA doesn't have Teng Xun's equity, he can't take the other party to play, at least not at present, unless the African business is involved in the future, and the time when there is such a need is almost the same.
Whether ABSA can continue to control these shares depends on their own means.
Li Dong doesn't understand now. When these shares are redeemed by naspers, he doesn't need to send money to ABSA. A fool can do this.
……
After seeing off ABSA, Li Dong only gave the other party one day.
A day later, the other side did not reply, he set the goal of MIH.
Li Dong even said: "if naspers doesn't have the funds to redeem the shares, I can actually support some funds for my international friends. I think that with my money, I can redeem the shares and earn some money from me. I'm afraid some people will be very happy to do so."
As soon as he said this, he was a general in the end.
If you don't do it, Li Dong will do it through naspers, which is likely to agree.
As soon as they left, Bai Su couldn't help saying, "Mr. Li, is it really good to force them so hard?"
Although Li Dong was also strong in the past, he would not deliberately belittle the other party during the negotiation. The other party is also an institution with hundreds of billions of assets under management. If he stimulates the other party, he will not be afraid of the other party's full support for Teng Xun?
Teng Teng thinks that they can't be stimulated if they don't hear this, but they don't understand.
ABSA is not too stable. The key is to look at naspers. Whether it is the shares of Teng Xun held by MIH or ABSA, in fact, naspers can make the decision.
Now stimulate ABSA, maybe they can find a way to deal with naspers.
It doesn't work if we force naspers. It's useful for ABSA, the creditor, to force them
Bai Su didn't understand, but on the whole he understood.
All in all, ABSA will play a big role.
Because at this time Teng Xun shares are not directly held by them, Teng Xun share price no matter how high, it may be redeemed one day.But this time, when the share price of Teng Xun fell and naspers didn't want to redeem it, they took advantage of Teng Xun's shares to directly hold the distant PP shares, which was actually very cost-effective.
Naspers won't be moved, and ABSA will be.
If you really think that more than two billion dollars is so easy to earn, there are no poor people in the world.
Li Dong despised a few words, stimulate a few how, really want money, who really care about these.
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