My Age of Investment

"My Investing Era ()"!

Old man Su was still slowly digesting the news, and his son couldn't sit still.

"No... Mr. Xia, according to your opinion, what Supor is valuable is only a listing shell?"

Su Xianzhe felt that he was offended, and those who sold shells were some rotten companies.

And their revenue and net profit of Supor have maintained a high growth rate for several consecutive years, and it is still a hundred and eight thousand miles away from ST wearing a hat.

What Xia Jingxing said was really insulting!

Looking at the silent Su Zengfu, Su Xianzhe with a displeased face, and the pimp Wang Changrong who was listening aside, he chose to stay on the sidelines temporarily, watching his nose with his eyes, his mouth with his nose, and his heart with his mouth.

Although he looked calm on the surface, he was shocked inside.

He didn't expect that Xia Jingxing was playing such a big game of chess.

He feels that those outsiders who look bad or even make fun of Yuanjing Capital will be slapped in the face sooner or later. This master obviously understands my big A shares. ah!

It looks like an old scythe!

Although Xia Jingxing hadn't said the follow-up, Wang Changrong had already figured it out automatically.

Merger and acquisition of Supor, restructuring assets, increasing market value, slowly cutting leeks...

Xia Jingxing looked at Su Xianzhe, who had a somewhat displeased face, and explained: "It's not that we really only see Supor's shell, Supor's stable business and cash flow are also very important to us.

Because in the process of asset reorganization, we need an extremely stable business to act as ballast for us, so that we can take the next step.

So this is why we did not choose other listed companies wearing hats, but valued Supor alone. "

Su Zengfu also came back to his senses now, he took back the words he had just thought in his heart.

How can this be an industrial entrepreneur? He is obviously a scythe who wants to harm the A shares.

Fortunately, he thought that Xia Jingxing was planning to revitalize China's industry,

Be a business tycoon.

It can only be said that the society is becoming more and more impetuous now. People who have made quick money no longer have the mind to sow their own seeds. They only think about killing chickens to get eggs.

"Mr. Xia, if you have such an idea, I may not be able to sell Supor to you."

Su Zengfu looked at Xia Jingxing with a serious face, and made it clear directly, no longer using "strategic investment" as a cover, and directly calling it "selling".

Xia Jingxing looked at the old man with a smile. He expected the other party to say this. After all, the old man's original plan was to cash out slowly, cut leeks little by little, harvest each crop as it grows, and plant it properly.

Vision Capital, on the other hand, wants to operate capital and kill chickens to get eggs. This does not meet their strategic expectations, and it is easy to disrupt their deployment.

"Supor is doomed to have a difficult transition. After a year or two, let alone growth, it will be good if it can maintain its current performance."

Xia Jingxing looked at old man Su solemnly, "Supor, a leader in the domestic cooking utensils market that occupies 40% of the market, is already close to the ceiling, and there is no room for growth.

In the ever-changing business competition, failure to advance... is a step backward in itself.

What we value is the stable performance of Supor at present, but it is impossible to expect Supor to earn us considerable returns.

Mr. Su, let's stop playing charades.

You're honest, and I'm honest too.

The value of Supor is destined to be limited, otherwise you would not transfer the controlling stake. "

Su Xianzhe shook his head, stared at Xia Jingxing with a cold expression, "Mr. Xia, what you said is extreme, we want to introduce strategic investors to achieve a win-win goal.

Instead of selling the company cheap and ruining the brand that my father built. "

"good!"

Su Zengfu looked at Xia Jingxing who was leaning casually on the opposite chair, smiling and looking at him, his face was full of nostalgia, and he said slowly:

"In 1969, after I had been a soldier for eight years, I was discharged from the army and became a supplier and salesperson of a commune enterprise run by Chenyu Township, and later became a supplier and salesperson and factory director of Chenyu Agricultural Machinery Factory.

In 1989, I was not satisfied with the fact that the agricultural machinery factory only produced pressure cooker accessories. Under the pressure of shareholders withdrawing shares and being dismissed by the town leaders, I tried every means to raise 3 million yuan, introduced a pressure cooker production line, and began to transform into Shenyang Shuangxi Pressure Cooker Factory OEM production The whole pot...

In 1994, Double Happiness stopped cooperating with us, and the country also broke the "dual price system". The cost of raw materials for production of private enterprises was reduced. Embarked on the difficult road of creating its own brand;

In 1995, the second year since its establishment, we sold more than 2 million pressure cookers, surpassing a state-owned enterprise peer;

In 1996, Supor's sales volume reached 4 million units, while the demand of the entire national market at that time was only 10 million units.

It took us only two years from our establishment to becoming a leader in the industry.

This step by step, I walked on thin ice, and I also developed deep feelings for the cause of "making pots".

Mr. Xia, can you understand my deep affection for the Supor brand? "

The old man's expression became agitated, and his voice became much higher and more passionate, "This is my root!

So, with great regret, we can only reject Mr. Xia. "

Seeing the collapse of the conversation, Wang Changrong hurried out to smooth things over, "Mr. Su, don't worry, Mr. Xia didn't say that he would hide Supor in the snow!

Even if Vision Capital takes a controlling stake in Supor, it will definitely continue to make and sell pots. With such a large business, it is impossible to just throw it away, right?

Didn’t Mr. Xia say it, but he might add some more business lines to make the company bigger and have a higher market value. "

Wang Changrong glanced at Xia Jingxing and gave him a look, "Mr. Xia, do you think this is the reason?"

Xia Jingxing nodded to Wang Changrong, accepted the other party's kindness, glanced at Su Zengfu again, and said in a calm voice: "President Su, I understand your feelings for the Supor brand very well.

From a demobilized soldier to an employee of a township enterprise, an entrepreneur, and then to a private entrepreneur, you have forged an indissoluble bond with the "pot" all your life.

You can rest assured that if Vision Capital takes control of Supor, we will continue to retain the business lines and brands of cooking utensils, small household appliances, and kitchen appliances. "

Su Zengfu didn't say a word, Xia Jingxing's actions didn't suit them very well.

This means that after several rounds of dilution, the more than 30% of the equity they hold will no longer be able to enjoy the development bonus.

Xia Jingxing made it clear that he wanted to use Supor as a financing platform and a money-making machine. Will their minority shareholders get a good deal in the future? Not sure what to do with them.

He can basically predict the future tragedy. One company after another was merged into the listed company Supor, and the business and various financial data swelled in a short period of time, and the market value soared.

But it won't last long, and it may explode with a "bang"!

There has never been a 100% sure win in capital operation, and the mind is all engaged in capital operation, how can it be possible to do a good job in the industry?

At that time, they have given up the controlling stake, and the company is not under their control. They cannot predict the development of the matter, and it is very uncontrollable.

In this case, to be conservative, he would not dare to bring in Vision Capital, because it is easy to be led into the ditch.

Xia Jingxing looked at the Su father and son who shook their heads repeatedly, and said with a smile, "Then let's change the plan!"

Su's father and son looked up, their eyes full of puzzlement.

A flash of determination flashed in Xia Jingxing's eyes, "You sell all 60% of the shares you hold to Vision Capital at one time. In this way, it will be convenient for us, and you don't need to worry about it anymore."

"Mr. Xia, didn't I say that before? We are not short of money, and we don't want to introduce a controlling party hastily."

Su Zengfu waved his hands and looked at Xia Jingxing with a smile on his face. He still had nothing to say: Wouldn't it be a loss if he sold it like this?

"According to today's closing price, it is a one-time acquisition, and the full acquisition payment will be fully delivered within half a year."

Xia Jingxing smiled, "For investors as straightforward as us, you can't find many A-shares."

Wang Changrong cheered on the sidelines, and nodded approvingly.

Su Zengfu shook his head and laughed, he felt low.

Their current stock price is less than 7 yuan per share, and the listing price more than a year ago was 12.21 yuan per share.

"10% premium."

Su Zengfu still shook his head.

President Xia Jing let out a sigh of relief, "20% premium."

"President Xia, it's not about money!" Su Zengfu chuckled.

"30% premium."

Xia Jingxing's expression was flat, like a money-adding machine without emotion.

Because the time is not on his side, the bull market can't tell when it will come, and the Cyber ​​Group may jump out when it doesn't know.

At this time, you can only use money to stun the other party, and at the same time dispel the idea that the other party will follow behind and grab the "development bonus".

Su Zengfu was silent, and turned to look at his son.

The eyes of the two father and son met for a moment, and they both understood each other's thoughts.

"Mr. Xia, let's put it this way, at this price, I feel sorry for those stockholders."

Su Zengfu's words succeeded in making Xia Jingxing laugh. It's none of the stockholders' business. It's not like privatizing Supor. As long as the stockholders are willing to be friends with time, they won't lose money.

This is just the other party's excuse for wanting a higher quotation. A company that has grown to the top has attracted me.

"Fine!"

Xia Jingxing felt that the time was right, and he couldn't really get used to the other party. It was almost enough to give him a little sweetness. Any more would not be buying the shell, and his starting point would be questioned.

So he squeezed the space between his eyebrows, and said: "Since Mr. Su insists, then we won't force it."

He looked at Wang Changrong again, and said with a smile: "I can only work hard for Mr. Wang, and find us a cooperative enterprise."

Su Xianzhe, who was worried that Xia Jingxing had "spoiled" Supor just now, saw that Pan Xia was about to leave, so he quickly touched his father under the table with his leg.