Rebirth of England

Barron and his party were arranged by Ding Sanshi to stay at the Baiyun Hotel in Yangcheng. This is one of the most famous five-star hotels in Yangcheng, especially the Cantonese cuisine at the "Baiyunxuan" restaurant there, which is very authentic.

This arrangement also made Barron very satisfied.

After learning that the other party turned out to be a British Duke on the first day, Ding Sanshi was actually a little skeptical at the time. After returning home, he asked someone to check the information and found out that the Devonshire family was indeed a very historic family in England. Duke family.

The current Duke of Devonshire is Barron Cavendish, who just inherited the family business and title a few months ago.

There is no shortage of photos of Barron on local British website news and media. Such a comparison allowed Ding Sanshi to confirm the authenticity of this matter.

This is not to blame for his paranoia, but in the process of reform and opening up, there are actually many foreigners coming to China pretending to be various identities. Although DS Capital holds as much as 14.3% of the shares of NetEase, this is needless Doubtful, but he still needs to be more cautious.

After confirming this matter, Ding Sanshi felt better.

How should I put it? Although the current stock price of NetArt has risen significantly compared with the previous lowest period, it still has not reached Ding Sanshi's expectations.

Therefore, in media reports, among the three major portals, those who are not optimistic about NetArt are the most negative.

In today's era, Chinese people highly admire many things in the West - this is also due to the gap in national power. Unlike the generation twenty years later, they grew up in China's rising period and have stronger self-confidence.

In this case, a British Duke is so optimistic about NetArts and holds a large number of its shares, which is also a very good publicity point for NetArts.

Of course, Barron's schedule was quite tight this time when he came to China. After staying in Yangcheng for a day and visiting the headquarters of NetEase, he was ready to go to Penguin Company in Shenzhen.

Penguin was founded in 1998, just one year later than NetArt, and these early Internet entrepreneurs had met each other before.

So after learning that Barron's next stop was to Penguin Company in Shenzhen City, he asked strangely:

"Mr. Barron, are you also interested in Penguin?"

"Yes, Mr. Ding, I have paid attention to several Chinese Internet companies, including Penguin."

In fact, it was not until last year that Penguin began to develop significantly. At the beginning, this company had always been more difficult to raise money than well-known portals such as NetEase and Zhalang.——Boss Pony There was even the thought of selling Penguin.

This is why in their last financing, Superboy and IDG were able to take 40% of the company's shares for US$2.2 million, and use such a high proportion of share financing to win in those widely optimistic Internet companies. It is impossible to appear in technology companies.

"But they don't seem to have any plans to raise funds recently, and their company has already given most of its shares to a South African investment company..."

Regarding Ding Sanshi's question, Barron did not give a too specific answer, but said that they would first visit Penguin Company.

But a few days later, as news spread, Ding Sanshi discovered that the British Duke at that time was not just going to "visit" Penguin Company, but had already planned it - the South African MIH Group was selling gave most of their Penguin shares to an investment company called DSIIC.

Yes, through the efforts of Amber Sheehan, the South African newspaper industry finally decided to sell 35% of Penguin shares to US$4817.2, equivalent to 32.115 million pounds, at a 100% premium to their purchase price. DS Asset Management Company, a subsidiary of DS Capital, is also known as DSIIC.

After Barron arrived in the Shenzhen market, he also met with Boss Xiao Ma, the founder of Penguin Company. He told him that DS Capital was optimistic about Penguin Group in the long term, and they were also willing to use their shares in the board of directors. The voting rights are given to Pony Boss to maintain his operation of Penguin Company.

The South African MIH Group was extremely supportive of Boss Pony. When they invested in Penguin Company, they promised to only participate in financial investment, fully support the development of Penguin Company, and hand over all their future voting rights to Penguin Company shares. The same is true for Pony Boss. Only then can he rest assured that he finally allowed the South African MIH Group to hold such a high proportion of Penguin shares.

Now that Barron's is ready to buy Penguin's shares from South Africa's MIH Group, it is best to first obtain the consent of Penguin. This will be beneficial to future cooperation. Therefore, Barron's also expressed that he is purchasing South Africa's shares. After taking over the shares of MIH Group, the shares they hold will still be handed over to Boss Pony like the South African MIH Group.

Of course, the Chinese branch of the MIH Group was not without opposition to the South African newspaper industry's plan to sell its shares in Penguin. After learning the news, the vice president of the Chinese branch who had advocated investing in Penguin immediately flew back traveled to Johannesburg to persuade the parent company to abandon the idea.

But the key point is that DS Capital gave too much. Amber Sheehan increased the price of Penguin shares from a 50% premium to a 100% premium. Once the Penguin shares are sold, this will A single investment will be very successful.

However, the persuasion of the vice president of China was not without effect. In the end, the South African newspapers decided not to sell all the shares of Penguin, but only 35% of the 46.5% of Penguin shares they held, leaving behind 11.5% of Penguin shares.

In this case, on the one hand, they recovered their investment in Penguin Company and obtained extremely high returns; on the other hand, if they retained 11.5% of Penguin Company shares, then if Penguin Company will grow explosively in the future and eventually grow, That's not to say they gained nothing.

Now that the parent company has made the decision, the vice president of the MIH Group's China branch was very helpless and could only accept the result.

Although this time he did not directly buy all 46.5% of Penguin shares from the South African MIH Group, and only obtained 35% of the shares, but he was able to do this and paid more than 32 million pounds, and Barron was already very satisfied. .

And this matter is not without additional gains - after learning that DSIIC acquired Penguin shares from the South African MIH Group at a 100% premium, another DIG who had invested in Penguin was also moved.

Initially, DIG and Superboy invested in Penguin Company respectively, each receiving 20% ​​of the shares.

Then the last time Superboy sold its shares to the South African MIH Group, DIG Capital also sold its 12% stake in Penguin to the South African MIH Group.

Now they still hold 8% of Penguin shares!

Next, they took the initiative to contact DS Capital, Amber Sheehan, who had just arrived in Shenzhen from South Africa, and expressed their willingness to sell their remaining Penguin shares at the same price.

After hearing this, Barron naturally agreed immediately and asked Amber to sign an agreement with the other party to acquire their Penguin shares for US$11 million, equivalent to 7.34 million pounds.

In this way, DS Capital's shareholding in Penguin has reached 43%, which is not much different from the previous 46.5% shareholding of South Africa's MIH Group.

In this process, they needed to pay a total of nearly 39.5 million pounds, nearly 40 million pounds!

But compared to the huge market value of Penguin in the future, the investment of these funds is definitely a big bargain.

It can be said that even if Barron does nothing from now on, he will be the richest man in the world just based on the shares he holds in Penguin.