My Age of Investment

  Chapter 445 I want to make a mobile phone (seeking a monthly pass)

night.

  A private restaurant.

  Sitting in the box, Chen Hong and Xia Jingxing were drinking and chatting about interesting things about the investment industry.

  Chen Hong suddenly said: “Jingxing, Jiang Nanchun has approached Tan Zhi. Looking at this situation, Focus Media may want to acquire Frame Media to increase their market share in elevator print media and increase market value.”

  Xia Jingxing smiled and said, "This is a good thing, it shows that our plan is successful."

  Chen Hong nodded, “Yes, Jiangnan Chunbing has won 90% of the elevator graphic media market in major cities across the country without a **** sword, and Frame Media has also avoided a fierce battle with Focus Media.

  They are now listed companies and have opened up financing channels in the secondary market. We cannot burn them.

  Selling the company to Focus Media should be the best choice.

  It’s a pity, it’s too late for the effort to be listed on its own. "

   "What a pity, it will only take half a year for Frame Media to acquire nine companies in the integration industry!"

  Xia Jingxing smiled and said, “I also want to thank Brother Chen for making money for me!”

  Chen Hong waved his hand and said very grandly: "Talk about what makes you profitable, and everyone will share the risk. If you have a good project in the future, just think about your brother."

"sure!"

  Chen Hong gave Xia Jingxing a deep glance, then smiled and asked: "You don't ask about the price? That's right, you probably don't like these three melons and two dates."

   "Oh, by the way, if you don't tell me, I forgot, how did the price talk? Focus Media is a big dog, don't be merciless when you slaughter it."

  Chen Hong pursed his lips and smiled, "US$39.6 million in cash, plus US$55.4 million worth of Focus common stock, as well as the value of up to 88 million US dollars of Focus common stock that may be paid in the future.

  The 88 million US dollars part involves the framework's 2006 performance betting.

  If the performance bet can be successfully completed, the total transaction consideration is US$183 million.

  What do you think of this price?

  Gongquan has now left IDG, and the person who took over the project thinks it’s okay. Now it’s mainly up to you, the major shareholder. "

  Xia Jingxing waved a big hand, "You can decide, I have no objection."

  While speaking, Xia Jingxing calculated silently in his mind. He invested 50 million yuan in Framework Media in February and took 40% of the shares.

  The transaction price of US$183 million, converted at the current exchange rate of 8.0998, is nearly RMB 1.5 billion.

  The return that belongs to him is nearly 600 million, which has doubled 12 times in half a year, which is not bad.

  Since most of the trading portfolio is based on the issuance of new shares, if the stock price of Focus Media rises a little in the future, the actual rate of return will be even higher.

   Conversely, if the stock price drops, the rate of return decreases.

  However, since there was a bottom line of 39.6 million US dollars in cash, by simply distributing 40% of the cash, Vision Capital recovered 50 million yuan in investment.

  It is Chen Hong and IDG to regret this matter.

  At that time, La Xia Jinghang became the largest shareholder. He wanted to resist risks together. Even when the framework media could not be sold, he counted on Envision Capital to transfuse blood and continue to fight with Focus and Gathering.

  As a result, the mergers and acquisitions went more smoothly than expected, and there was no need to fight to the end.

  In this case, Hanergy's investment as an organization and trader will suffer a bit.

  However, due to Xia Jingxing’s 50 million yuan capital injection, Frame Media took all cash buyouts when acquiring several of its peers without diluting the company’s shares. This also preserved Hanergy’s equity in disguise.

  Of course, if we look into it carefully, Hanergy Investment still suffers a bit, mainly because we did not expect this capital operation to be so smooth.

  The world is impermanent!

  However, Chen Hong is a bright person, and does not want to ask Xia Jingxing for any favor with this matter.

  After all, the choice I made, no matter whether it was right or wrong, I cannot blame others and bear it myself.

   But this kind of thing, needless to say by Chen Hong, Xia Jingxing can also experience it.

  Finally matched a capital operation, and the result was that most of it was earned by others.

   So Xia Jingxing picked up the cup, and had three cups with Chen Hong, and said a lot of flattery.

   "Jingxing, it's boring to say this, what's wrong with looking down on Big Brother?"

  Chen Hong scowled and made an unhappy look.

  Xia Jingxing couldn't tell the authenticity, so she had to stop mentioning this.

   "The new shares issued by Focus Media have a lock-up period, and there is also a performance gambling, so it may not reach the ideal price of 183 million US dollars in the end. You must be psychologically prepared."

  Chen Hong had a few glasses of wine and his face was very ruddy. At this moment, he smiled and gave Xia Jingxing a vaccination.

  He was afraid that the little brother would be dizzy. It would be better to make things clear.

  Xia Jingxing's heart moved, and he smiled and said: "I have great confidence in Big Brother Tan Zhi, and think he can lead the company to complete the gambling.

  In addition, I am also more optimistic about the stock price of Focus.

  Why don't you ask for it and see if they are willing to take all the cash? Let's take the common stock issued by Focus. "

  Chen Hong pointed to Xia Jingxing, and said in a bad mood: "I'm making a small calculation again, but I think IDG has a lot of talents and it's not easy to fool.

  Now the upward momentum of Focus is obvious. Focus is losing ground and it has not yet been listed.

  Your calculation may be frustrated. "

  Xia Jingxing think about it, there is no shortage of smart people in venture capital institutions. IDG, as an established institution, many partners have jumped from investment banks and PE funds. They have more experience than one, but these people can’t hide their eye-catching eyes.

  Thinking simple!

   "Well, I said to take a gamble?"

  Xia Jingxing shrugged and said regretfully.

  "Are you gambling? The cards are almost ready, the cards are revealed."

  Chen Hong shook his head and laughed. Only at this time can he see the young and immature side of the other party.

   "Since you have no objections, then I asked Tan Zhi to agree to Jiang Nanchun?"

  Chen Hong looked at Xia Jingxing and emphasized again.

  Xia Jingxing waved his hand, "Promise!"

  "Okay, only the framework agreement has been reached at the moment. It is estimated that there are still many details to be negotiated. When we sign and the listed company issues an announcement, it may not be until next month."

  Xia Jingxing nodded with an "um", expressing understanding.

  "Vision Capital borrowed 1.5 billion US dollars from a syndicate headed by Morgan Stanley? Are you planning to invest all of them in the Chinese market?"

  This has been held in Chen Hong's heart for a long time. In the afternoon at Starbucks, there were so many people talking, so he raised his mouth and didn't ask much.

  Now there are only two of them in the box, and he can't help it anymore.

  Xia Jingxing gave Chen Hong a glance, and the latter chuckled twice, "Hey, just ask, if it's inconvenient, forget it."

   "There is nothing inconvenient to say!"

  Xia Jingxing smiled faintly, "This money, um..."

  You said it!

  Xia Jingxing "hmm" for a long time, but didn't say anything further, rushing Chen Hong who was very interested.

  If Xia Jingxing's money is really invested in China's venture capital market, then Hanergy Investment must take a basin and follow it.

  The leakage from the fingers is enough for them to eat for a few years.

  The most important thing is that if Hanergy Investment provides financial advice for such a large transaction, it is an intermediary matchmaking, and then Hanergy Investment's industry status will be established all at once.

   "I want to make a mobile phone!"

  Hearing this sentence, Chen Hong's whole body was petrified.

  (End of this chapter)