Rebirth of the Age of Wealth

Chapter 466 Three hundred times the rate of return

Although according to the definition of disposal power, Li Weidong has the final veto power if he is not satisfied with their offer, but it is just words.

Li Weidong knew in his heart how determined he was to sell the stock, so the quotation this time must be the final transaction price and there will be no changes.

He has been waiting for three days, and if we go back to the beginning, he has been waiting for five years, but at this moment, he seems to be really excited involuntarily.

There was a knock on the door, and Li Weidong stood up suddenly, but thinking of this made him seem a little uneasy, and he lost his authority as chairman.

He slowly sat down again, his head still buried in the computer game interface. In fact, he didn't know what was going on at all, and then said calmly: "Come in!"

The office door opened from the outside, and Zhang Dongshuo walked in excitedly. Seeing Li Weidong buried in front of the computer, he sighed in his heart, the boss is worthy of being a boss.

After Netscape went public, when Netscape's shares were sold, he ran in so excitedly, only to be scolded!

Zhang Dongshuo calmed down for a while, but still said with some excitement: "Chairman, all seventeen companies have submitted their quotation letters and are checking them. The results will be announced in five minutes. Why don't you go over and have a listen?"

"Calm down, the results will be sent to you soon, why worry!" Li Weidong said duplicity.

"Don't we all hope that you can witness this historic moment for the first time!" Zhang Dongshuo complimented with a smile. A case of 30 billion is unheard of.

In fact, Zhang Dongshuo could already see the small fluctuations in Li Weidong's heart when he walked in. Although Li Weidong didn't raise his head, the finger touching the mouse was trembling irregularly.

Zhang Dongshuo has been with Li Weidong for such a long time, and this situation is still not obvious. Then his secretary has done too bad a job and has been fired a long time ago.

Li Weidong took a sip of tea and said with a smile: "A historic moment? That's true, let's go and see it?"

"Yes, yes, yes, let's go take a look!" Zhang Dongshuo came over immediately, holding Li Weidong's teacup, and said hurriedly, as if he was afraid that Li Weidong would regret it.

You have to do the whole thing when you are acting, and this is indeed a historic moment that you cannot but witness.

Li Weidong was in front, and Zhang Dongshuo followed carefully with a tea cup worth several thousand dollars. The two entered through the back door of the conference room and found a seat in the corner to sit down.

Fortunately, the conference room was large and there were many people, so the two of them didn't cause much commotion. It only caused a few people around to look at it, but didn't alarm anyone else.

Sitting in front, Fu Xiaomin, Jiang Zhili and Zou Yi had naturally noticed Li Weidong coming in, but this was not the time to say hello, so they could only nod slightly.

"Dear gentlemen and ladies, the quotation letter has been inspected by multiple representatives and it has been confirmed that there are no problems. Now I will announce the results!"

Fu Xiaomin spoke in fluent and nice English on the stage, while Zhang Dongshuo "simultaneously translated" for Li Weidong in Chinese below, and took out a notebook and started recording.

"BlackRock Group, the quotation per share is 397.5316 million shares, and the performance credit note limit meets the requirements!"

The first announced result made Li Weidong feel relieved. This offer was most likely stable!

Zhang Dongshuo began to draw a few lines in his notebook and recorded BlackRock's quotation on the first line.

"KPCB, the quotation per share is 3,865,380,000 shares, and the performance credit note limit meets the requirements!"

…

"Leading Group, the quotation per share is 399.2526 million shares, and the performance credit note limit meets the requirements!"

There was an uproar below. Vanguard Group had 10 million more shares than BlackRock Group, and the price was a bit higher. This revealed the strength and status of the two asset management companies.

But this is not the reason for the sadness below, but because, if there are no accidents, another major shareholder of Yahoo with more than 10% has appeared.

The total share capital of Yahoo is 256 million shares. Vanguard Group purchased 26 million shares at this price, which is probably a good deal. This is already more than 10%.

This is probably not a good thing for Yahoo!

These professional asset management companies have much higher requirements than Li Weidong, and have a higher level of management. They have rich experience in fighting against disobedient boards of directors, and they have proven successful every time.

If you acquire companies with poor financials, it is estimated that it will be difficult to pass the board of directors under the control of these asset management companies. These asset management companies are best at finding loopholes in various texts to defeat you.

Whether you call them shameless or evil, they don't ask for much. As long as their wealth grows steadily, money never sleeps, and as long as they have interests to pursue, there are always more solutions than difficulties.

…

"State Street Corporation, the quotation per share is 393.65, 13 million shares, and the performance credit certificate is rated to meet the requirements!"

As Fu Xiaomin kept announcing the quotations of various companies, Zhang Dongshuo quickly recorded them in his notebook, and then crossed out the companies one by one.

Like Zhang Dongshuo, there were representatives from various companies, and they even sighed from time to time, probably because they had been eliminated as the results were announced one after another.

"SoftBank Group, quoted price per share at 401.99, pre-purchased 7 million shares, and the performance credit certificate is rated to meet the requirements!"

As soon as Fu Xiaomin's voice fell, many people sighed again. This was the highest price so far, and it was also the company with the lowest price in the first round. They were just playing tricks and taking things by surprise!

Of course, this is a helpless move for SoftBank. They originally held about 15% of Yahoo's shares, but only had one nomination right when electing directors.

This increase of 7 million shares will give them the power to nominate a director, which will greatly increase their voice in Yahoo, which is undoubtedly a very tempting thing.

Even before that, they had thought about buying some stocks in the secondary market to increase their voice. However, there were not many stocks in the secondary market, and they were major shareholders, so they could not easily move.

Now that Peking Capital is selling shares without any restrictions, this is an opportunity, so these seven million shares are very important to them.

As for the price, it also showed their determination to win. Of course, at this time, the two Japanese idiots regretted it and quoted a high price.

According to the current quotation level, they can save a few dollars per share, saving at least two to three thousand dollars, and this money can be used to invest in a company.

It's just that it's too late to regret it now. The performance bond has been paid. If you regret it, you will only lose more.

"The last company, Yahoo Group, quoted 403.5 per share and pre-purchased 2 million shares. The performance credit certificate meets the requirements!" Fu Xiaomin finally said.

As for the shares repurchased by Yahoo Group, Li Weidong made it clear last night that it is an equity incentive plan for the management team and key employees.

For such a team, there are also equity incentives, which fully illustrates the "strong ability" of this team.

"Please wait a moment, we will ask staff from relevant financial institutions to verify the authenticity of the performance credit certificate!"

After Fu Xiaomin finished speaking, he said to the staff of several major American banks sitting in the first row in front: "Please verify the credit certificates issued by your bank!"

As Fu Xiaomin finished speaking, several bank staff in the conference room took out various devices to verify the credit certificates issued by their respective banks.

After all, such a large amount is no joke. If there is a problem with the letter of guarantee issued by these banks, it will definitely be a major accident. Although these companies may not dare to do it, we must not take this risk for Peking Capital.

For this reason, before quoting, Peking Capital has stipulated the issuing bank for this performance credit note. It must be issued from several major banks in the United States, which also facilitates the final transaction.

This is not something that is forced upon others, and these companies will definitely cooperate with these banks.

When doing business in the United States, if you leave the banks such as Bank of America, Citibank, Wells Fargo, and Goldman Sachs, it means your business is not big.

Just like opening a company in China, if the scale of your company is large enough, I am afraid that banks such as the Industrial and Peasant Construction and China Communications Commission will be your partners, and you don't have to cooperate even if you don't want to.

No one thought there was a problem when I was asked to issue a credit note at these banks, and the bank was very happy and provided free door-to-door service.

Now they have to verify the authenticity of the credit certificates. If there are no problems, these credit certificates will be deposited into their bank, which is equivalent to a positive and a negative, doubling their assets.

But by this time Li Weidong had already left, followed by Zou Yi who came out of the conference room.

As soon as he walked out of the door of the meeting, Zhang Dongshuo had already calculated the results in his small notebook. With this IQ and ability, Li Weidong's secretary was indeed a bit unqualified.

"Chairman, I did a rough calculation and found that these companies will be the final buyers, Yahoo, SoftBank, Vanguard..." Zhang Dongshuo said softly.

"State Street Group ranked last and could only trade 3 million shares. The final total price was a little over 30 billion, and the average price should be around 397.5!"

"It is estimated that the pricing analysis models used by everyone when quoting are relatively similar, the results are also relatively close, and the quotes are relatively concentrated!"

Zhang Dongshuo continued, in fact, this price is very close to the ten-day average price, but slightly higher. The high premium that Li Weidong hoped for did not appear.

But even so, Li Weidong is already very happy. His total investment capital adds up to only about 100 million, and it has increased three hundred times in five years. What is there to be dissatisfied about?

"After deducting various expenses and the capital gains tax required to sell stocks, based on a 15% tax rate, the funds you can get are 25.5 billion!" Zhang Dongshuo continued to chant.

"Hey, 4.5 billion is gone. This tax rate is really high. It's better in China. We don't have this kind of tax. This old America is really desperate for money!" Li Weidong sighed.

According to U.S. law, in addition to paying various handling fees and stamp duties when buying and selling stocks, you also have to pay capital gains tax on the money you earn.

The normal tax rate is generally 20% to 30%. Depending on the holding period of the stock, there are long-term capital gains tax and short-term capital gains tax. Normal regulatory agencies encourage long-term investment, and the relative tax rate will be lower.

Of course, the tax rate is lower when original shares like Li Weidong are sold. Under normal circumstances, the tax authorities will assess capital gains tax at 15% of the income from the transfer of original shares.

But this tax is really disgusting. Although you don’t have to pay tax when you lose money, and you can even deduct it when you make a profit next time, but who wants to lose money?

In comparison, in addition to the management of the domestic stock market being a bit nonsense, it is more difficult to make money, and the tax rate is really not too high. Of course, the premise is that you have the ability to make money from the stock market.

"Chairman, it's actually about 4.7 billion. When you trade, you still have to pay a certain amount of commission, stamp duty, and other fees!" Zhang Dongshuo reminded in a low voice.

Stock clearing institutions are not here to play with you. They have to make a living by collecting money. They have to charge some transfer commissions, and the stamp duty on stamps is also money.

"How do you calculate so clearly? If Mr. Zou still has a position as an accountant, let Director Zhang go. I think he will be a good fit!" Li Weidong rolled his eyes and said.

Li Weidong suddenly got angry, which frightened Zhang Dongshuo. He didn't want to do accounting work. Being a secretary would have a bright future.

Zhang Dongshuo looked at Zou Yi pitifully, hoping that she could save the situation, but before Zou Yi could say anything, Li Weidong vented: "#￥@&$, I want money!"

When Li Weidong uttered this classic national curse, Zhang Dongshuo felt relieved that the matter was over.

No matter how harshly he scolded him, Li Weidong could only express his anger and have no constructive significance on the matter. These were not decisions he could make and he could only accept his fate.

Zou Yi next to him wanted to cover his face when he heard this. You have already made so much money from here. Isn't it right to pay some taxes and get some commissions? What else are you thinking about?

"Are we going to sign the contract at the current price, or make a new quote?" Zou Yi asked in a timely manner from the side, as if he didn't hear the national curse just now.

"Of course, the most important thing in doing business is integrity. Am I the kind of person who doesn't keep integrity?" Li Weidong asked in surprise, is he such a person in the eyes of his subordinates?

Of course, although integrity is very important in doing business, it is more important to rely on the law. Integrity is only a moral constraint, and the law is the bottom line constraint.

If everyone stresses honesty, this business will really be impossible to do. If we stick to the law in big things and honesty in small things, it would be great!

Zou Yi was suddenly speechless. Thinking about it carefully, Li Weidong did not say that he would regret it, and he also vowed that he would only make an offer this time.

But she had known Li Weidong for many years, and the only reason why she could still misunderstand what he meant was that Li Weidong was quite satisfied with the offer and had no intention of talking about it anymore.

"No, you have always been very honest!" Zou Yi looked at Li Weidong and said very sincerely.

In terms of integrity, Li Weidong is really hard to find fault with. The bonuses and dividends promised to his subordinates will definitely be fulfilled, and the amount will always exceed imagination.

"Well, you have a good vision!" Li Weidong was very satisfied with Zou Yi's identification, and then said, "When the bank people verify that it is correct, the contract will be finalized and sent to the exchange for filing as soon as possible!"

(End of chapter)