My Age of Investment

  Chapter 492 Sudden visit (seeking monthly ticket)

  Time comes to late November.

  Penguin’s "equity dispute" has completely settled.

  Bailu Fund’s shareholding ratio in Penguin remained unchanged at 12.8% and did not continue to increase its holdings.

  In addition to the 2.6% shareholding of Lixia Fund, Vision Capital and those acting in concert hold a total of 15.4% of Penguin.

  The retail investors who originally expected Envision Capital to make a comeback can be regarded as giving up, and there is no hope of unwinding! Everyone learn to be friends of time!

  The media also officially concluded that the Penguin defense battle was won by the management headed by Bonima.

  Some media slapped their pen and ink, carefully counting the whole story of this equity dispute, listing various detailed data, including the capital invested by Vision Capital, floating losses, and various tactics of both parties.

  "...Although Envision Capital took advantage of the loopholes in the "mailing disclosure letter" rule, it was ultimately difficult to shake the control of Penguin, and the global social empire was broken! Alas!"

   "...I expected it from the beginning. This is an unwinnable battle. No matter how much money you invest, it will be useless. It has suffered a large number of retail investors who followed suit."

   "...Compared with Buffett, Mr. Xia still needs to exercise more, becoming famous when he is young, and it is easy to swell people."

  ……

  Whether the media tells the facts objectively and neutrally, or all kinds of satire and teasing, Xia Jingxing doesn’t take it seriously at all, because it’s all afterthoughts, and they’re all clueless, doing things for the sake of eyeballs.

  If you compete with them, it is easy to generate new topics regardless of your identity.

  Penguin’s public shareholding has already been captured by Envision Capital. For the rest, he is not prepared to increase his holdings.

  Because the stock price rises again, the return on investment will not be very high, which is a tasteless one.

  The Penguin management and MIH’s large shareholdings will definitely not be sold to him.

  Even without this equity dispute, because he is the founder of Facebook, people would look at him wearing colored glasses and suspect that his investment motives are not pure.

  In addition, most of the free funds in the hand have been invested out, without lying in the bank for interest.

  After all, he still has a loan of 1.5 billion U.S. dollars, with millions of yuan in interest every day, so he must find a good place to increase the value of his funds.

  Now that the lizi has been obtained, there is no need to pursue it for the sake of face.

  In fact, in a few years, the lost face will not be lost. At that time, the media began to blow vigorously if they estimated that they were going to overthrow the previous words again.

   Staying in Hong Kong for the past month, apart from remotely directing the purchase of Penguin equity, Xia Jingxing has not been idle either. He has perfected the functions of the Hong Kong office in Heya Neck, Li Ying and others, constantly recruiting employees to fill various positions.

  The Hong Kong office is much more popular than before. There are more than a dozen back office employees in the outside office area, all of whom are financial, legal, and post-investment staff.

  Xia Jingxing stopped at a corner of the office area to carefully observe the work situation of the employees.

The Hong Kong girl at the front desk suddenly came over. She was a little afraid of Xia Jingxing. She stood far away, and cautiously said in hot-mouthed Mandarin: "Xia Squire, there is a squire downstairs who wants to visit inside, so the phone call came to the front desk. ."

  The Hong Kong girl used to speak proficient English before, but after being spoken by Xia Jingxing, she switched to hot-mouthed Mandarin.

  Although some of the pronunciation is immature, it sounds much more comfortable than that of fluent English. After all, China’s land is at your feet, and the whole company uses English when meeting Chinese people, which is nothing short of it.

  "Who is going to visit me?"

  Xia Jingxing glanced at the Hong Kong girl.

  "He said that his name is Zhang Sanshi, and he is the manager of a small hedge fund in Yazhi. He also invested in Penguin this time, so he really wants to visit inside."

  Xia Jingxing was a little surprised, and asked, “Is their company called Gao Ling Capital?”

"exactly!"

  The Hong Kong girl nodded like a chicken pecking at the rice.

   "You call the front desk in the lobby and ask them to put people up."

  Xia Jingxing didn’t know why Zhang Sanshi came to see him. It’s okay to see the other side’s reputation in his previous life.

  Xia Jingxing would definitely not go to meet Zhang Sanshi personally. After all, the other party is just the founder of a small fund. Everyone has never met, and there is no friendship, so it is not guilty of that.

  Sitting back in the office, Xia Jingxing browsed the news on the computer as usual.

  After a while, the Hong Kong girl walked into Xia Jingxing’s office with a man in his early thirties in a suit.

  Zhang Sanshi combed his oily head and wore black-framed glasses, looking like a university teacher.

  As soon as he entered the room, Zhang Sanshi quickly walked up to Xia Jingxing’s desk, leaned slightly, smiled and stretched out his hands, "Hello, Mr. Xia!"

  Xia Jingxing stood up, shook hands with the other party, pointed to the sofa on the side, smiled and said, "Please sit down!"

"well!"

  Zhang Sanshi was a little excited, the smile on his face has not diminished.

After sitting down on the sofa, Zhang Sanshi respectfully handed over a business card with both hands.

  "Gao Ling Capital Zhang Sanshi, well, I remember it."

   Putting down the business card, Xia Jingxing leaned on the sofa and asked with Erlang's legs tilted up, "Mr. Zhang, you said you want to see me. Is there anything wrong?"

  "First of all, I have to apologize to Mr. Xia, take the liberty to visit, and I didn’t make an appointment with you in advance."

  Zhang Sanshi came up to plead guilty first, and then slowly said: “That’s right, our Gao Ling Capital also bought Penguin’s stock this time.

  It's just that the position is far less than that of Mr. Xia, so we bought 20 million US dollars, accounting for 0.62% of Penguin's total equity. "

  Xia Jingxing listened to the numbers, and it only took a few seconds to calculate the average share price.

   "Then you guys didn't buy it cheaply, is there half of the floating loss? Didn't you come to me to settle the account?"

  Zhang Sanshi waved his hands again and again, "Xia, you are kidding, investing in Penguin is also the result of our careful consideration.

  Our holding cost has almost reached 15 Hong Kong dollars per share. Although it is not cheap, I firmly believe that Penguin’s stock price will rise back sooner or later.

  Retail investors and the media have never thought about it at all. I think it is very ridiculous to complain about you, President Xia. "

  Xia Jingxing smiled, "You lost 10 million dollars, can you still be so optimistic? If I'm not mistaken, the scale of your Gaoling capital management should not be high, right?"

  Zhang Sanshi nodded, "Yes, we are just a small hedge fund. 20 million US dollars is already all the assets under our management."

   "Assets have shrunk in half, are you really not worried at all?"

  Zhang Sanshi helped his glasses and said with a relaxed smile: "If you analyze it carefully, you will find that Penguin is a very promising company.

  Temporary position loss, I am not worried at all. "

   "Why see?"

  Zhang Sanshi began to tell Xia Jingxing his basis for judgment, from the huge number of users of Penguin, to user stickiness, to the already very hot game business in China.

  "...Penguin has been developing towards the game field. In 2003, it established a game operation department and launched the QQ Game Hall. In 2004, it replaced the "Lianzhong" position and became the number one casual game portal in China.

  This year, "QQ Hall" which imitated "Bubble Hall" was launched, and it has achieved good results.

  There is also "QQ Pets", which was launched in June this year. With the huge user base of QQ, it can easily expand its business and is expected to become the world's largest virtual pet community. "

  Xia Jingxing smiled, “To be honest, the game business of Penguin is not enough in front of Shanda and NetEase. Online games are the real big money business.”

  Zhang Sanshi helped his glasses and smiled faintly, “It takes time to settle. If Penguin can develop its own explosive online games now, the stock price will definitely not stop at this point.”

   "Then how can you be sure that Penguin can develop online games by itself, and it will catch fire?"

  Zhang Sanshi looked confident, "This is back to the topic just now, Penguin's good financial situation and huge user base.

  Finance is the foundation, and if you have money, you can develop your own games. There are a huge number of users, and in terms of promotion, it is inherently stronger than other game companies. "

  Xia Jingxing smiled, judging from the perspective of more than ten years later, it is not difficult to draw this conclusion.

   And Zhang Sanshi can analyze this right now, which is not easy.

   "It seems that you really did some research on Penguin. Then what do you think is the purpose of Envision Capital buying Penguin stock?"

  (End of this chapter)