Reborn as a tycoon in Hong Kong
Chapter 794 Determining the transaction price (two-in-one)
Time flies to October.
On National Day, there is no holiday in Xiangjiang. You still have to go to work when you should.
Lin Baicheng did not take the National Day holiday specifically. At this point in time, if he did so, he would only be targeted, which is unnecessary.
Five days had passed since the gathering between Lin Baicheng, Huo Yingdong and others last Friday. After five days, everyone had given him a reply.
Among them, Mitsubishi Bank bought the most. I don’t know how Iwasaki Mineryu convinced the senior management of Mitsubishi Bank, or whether Mitsubishi Bank itself had investment ideas. Anyway, Iwasaki Mineryu told Lin Baicheng that Mitsubishi Bank was willing to buy 100 million shares of Hong Kong this time. Lamp Group shares.
The British capital's 20% shareholding was only 300 million shares, and Mitsubishi Bank directly bought one third.
The second largest buyer was not Huo Yingdong, Bao Yugang, Guo Henian and other people with more assets, but Zheng Yudong, who bought 50 million shares, accounting for 3% of the total share capital.
Of course Zheng Yudong didn't have that much money. On the weekend, he found Lin Baicheng and had a private talk with Lin Baicheng.
If the transaction price is HKD 6 per share, then the transaction price of 50 million shares is HKD 300 million, and Zheng Yutong wants a loan of HKD 300 million. He will use the loan money to purchase shares of HK Electric Group and use HK Electric Group shares as collateral.
Lin Baicheng felt that the risk of Zheng Yudong's actions was too great. If the development of Hong Kong Electric Group failed to meet expectations, he would suffer huge losses. After all, the interest on bank loans would have to be paid as usual every year.
After five or six years, the market value of the Hong Kong Electric Group shares he holds is still uncertain. However, Zheng Yudong’s 300 million Hong Kong dollar loan required the first payment of interest on half of the principal, which is almost 150 million Hong Kong dollars. He lost money here first. half.
It is still uncertain whether the Hong Kong Electric Group will increase in value, but in terms of interest, half of the capital will be lost first, which shows how high the risk is.
Lin Baicheng didn't want to cheat anyone. Even if he didn't cheat, the incident happened and if it spread, it would affect his reputation. After all, Zheng Yudong cooperated with him and was invited by him to become a shareholder of Hong Kong Electric Group.
However, Lin Baicheng's persuasion had no effect.
Zheng Yudong said that he understood that there was a reason why he did this, which was mainly related to the Chow Tai Fook jewelry under his name. He would not say the specific reasons. He just said that he did so after all considerations. Despite his difficulties, investing in HK Electric Group shares is actually an opportunity for him, so Lin Baicheng doesn't have to worry.
Seeing that Zheng Yudong had said so, Lin Baicheng couldn't say anything else. After all, the money belonged to Zheng Yudong. Since Zheng Yudong insisted, what else could he say.
Besides, it's not like Lin Baicheng didn't help Zheng Yudong. For Zheng Yudong's HK$300 million loan, Lin Baicheng only needed to buy 50 million shares of Hong Kong Electric Group as collateral, which meant that Zheng Yudong didn't have to pay anything. Although the risk is high, it is not much higher.
The people who decided to buy the third and fourth most were Huo Yingdong and Bao Yugang respectively. They bought the same amount, 1% of the total share capital, which is 15 million shares, and an investment of nearly 90 million Hong Kong dollars.
Next is Li Zhaoji, who decided to buy 5 million shares, worth nearly 30 million Hong Kong dollars.
The remaining two people, Guo Henian and Hu Yinxiang, bought the same amount, 2.5 million shares.
If everyone adds up, it will be 190 million shares, which means they have bought nearly two-thirds of the British shares, leaving 110 million shares that no one has taken over.
After all, it is a share worth nearly 1.8 billion Hong Kong dollars. It is very normal for these people to be unable or unwilling to invest so much money in HK Electric Group at one time, so Lin Baicheng was not disappointed.
On the contrary, Lin Baicheng was very surprised to be able to sell so many 190 million shares.
In Lin Baicheng's original estimate, it would be quite good to be able to sell 100 million shares.
This time it was mainly Bank of Mitsubishi and Zheng Yudong who bought more than expected. Together, they bought 150 million shares. According to Lin Baicheng's estimate, the two of them could buy 30 million shares. Very good.
Lin Baicheng is no longer planning to find anyone to take over the remaining 110 million shares. He has recently made a lot of money by going long in crude oil futures. He now has plenty of money in his account, so he can just let overseas offshore companies take over the 110 million shares. The total amount is not enough. It's over a billion dollars.
The person to take over the British capital's shares has been found, and now it's up to the secretariat to negotiate with the British capital to see what price the final transaction price can be negotiated.
Lin Baicheng did not take over the specific negotiations, but he paid attention and reported any progress in the negotiations to him.
This negotiation didn't take much time because the price had been set at around HK$6.
On the next Monday during the National Day period, October 6, the price between the two parties was officially determined.
HK$5.92, which is the final transaction price per share.
British investors hold 300 million shares, which means that the final transaction price was HK$1.776 billion.
In the afternoon when the price was determined, Lin Baicheng and Shi Yadi Shihuaiya met.
Lin Baicheng said: "Mr. Shi Huaiya, I have already found a friend to take over the shares in your hand. The price is HK$5.92 per share. I hope you will not regret it temporarily during the transaction, as that will not benefit anyone. "
"Don't worry about this, Lin Sheng. Since the price has been negotiated, we will not increase the price temporarily."
Shi Yadi Shihuaiya immediately said that if it was profitable to break the promise, forget it, but they really wanted to sell the shares this time, and the price was higher than the bottom line, so naturally they would not make trouble with their son.
"It's okay if it doesn't."
Lin Baicheng said: "I just want to remind you that if you increase prices temporarily, my friends will not take over. They were only invited by me to become shareholders of HK Electric Group, and are not very optimistic about the development of HK Electric Group. , you don’t have to be a shareholder of HK Electric Group.”
"If I scare them away, even if you are still willing to trade at HK$5.92 per share, I won't be able to find anyone to take over the deal. Then you will have to find a way on your own, but don't blame me for not helping."
Lin Baicheng took the initiative to meet with Shi Yadi Shihuaiya today just to remind him, or to warn the British capital including him, to prevent them from temporarily raising prices.
"Lin Sheng is too worried."
Shi Yadi Shi Huaiya's face was a little ugly. He didn't want to fall out with Lin Baicheng for the time being, so he interrupted and said, "Lin Sheng, since the price has been negotiated now, when will we do the transaction?"
"Within half a month."
Lin Baicheng said: "When all my friends' funds are ready, we will make a one-time transaction. At that time, I will either buy all the shares in your hands, or not buy them at all."
"Okay, then within half a month."
Shi Yadi Shihuaiya directly ignored Lin Baicheng's last sentence. They could still afford to wait for half a month. They also know very well that this is a total of 1.776 billion Hong Kong dollars. Even if it is divided into several parts, each family will have to spend hundreds of millions of Hong Kong dollars. It is normal that it takes time to prepare funds.
"If nothing happens, let's do this for now."
Lin Baicheng ended the conversation. Although the conversation was not long, everything that needed to be said was already said.
Shi Yadi Shihuaiya didn't say much when he saw this, he stood up and left directly.
After returning, Lin Baicheng contacted Iwasaki Mineryu, Huo Yingdong and others again, telling them that there were no changes in the transaction, and that the time was set within half a month, so that they could prepare the funds on time.
At the offshore company, Lin Baicheng had already contacted Lin Shufang and asked her to arrange for a white team to come to Xiangjiang to complete the transaction.
The money will first come from the funds Lin Shufang is responsible for investing. Anyway, so much money has not been spent yet. More than 100 million US dollars will be transferred for the time being. After the oil futures are settled, the money will be transferred to Lin Shufang.
After all this work, this matter is over for the time being. We just need to wait for everyone to prepare all the funds and then complete the transaction with the British capital.
…
Before the time came for the transaction with British capital, there was another larger investment that required Lin Baicheng's intervention.
Chen Zhixiong, who led a team to South Korea to negotiate with the Kim Chaebol to acquire a stake in Kim Heavy Industries, called Xiangjiang to report on the progress of the negotiations. Currently, Chen Zhixiong and the others have negotiated a valuation of Kim Heavy Industries of US$125 million, which is already lower than Lin Baicheng's base price. of US$130 million.
In other words, Lin Baicheng can already accept the valuation of US$125 million.
But again, the lower the valuation, the better. For every US$1 million lower the valuation, buying 15% of the shares will save you US$150,000.
Although US$150,000 may not seem like much, it is equivalent to more than 600,000 Hong Kong dollars, which is enough to pay the salary of the team Chen Zhixiong brought to South Korea for several months.
"Deputy Chen, you continue to negotiate with the Kim Chaebol. The lower the price, the better. The lower the valuation, the greater the bonus you can receive."
"Thank you Mr. Lin, we will definitely work hard!"
Chen Zhixiong responded loudly, and then said with caution: "But Mr. Lin, when the valuation reaches the current price, it is already difficult to discuss it further. On the Kim Chaebol side, after the valuation reaches the current price, The attitude is getting tougher and we may be able to talk a little bit more, but it’s very limited.”
"Okay, I understand, just do your best."
This price is now within Lin Baicheng's acceptance range, so he will not force Chen Zhixiong and others to lower the valuation further.
If the talks with the Kim chaebol are not pleasant, it will definitely not be conducive to subsequent cooperation. Even if there is cooperation, it will be reluctant cooperation, which does not make much sense.
After ending the call with Chen Zhixiong, Lin Baicheng called Qin Lan to the office.
"Deputy Chen, who just went to South Korea, contacted me and said that the valuation was negotiated at US$125 million. I asked them to continue the negotiation, but it will be difficult to continue the negotiation later."
"Mr. Lin, the valuation of US$125 million is already a little lower than the US$130 million you had in mind."
Qin Lan said after hearing this.
"I know."
Lin Baicheng nodded and said: "I called you here just to let you know about this matter and keep track of it. One week, another week, if there is really no way to continue talking about the valuation, then forget it, which price is discussed? Just buy shares at that price.”
"Okay Mr. Lin, I will contact Deputy Director Chen every day."
Qin Lan responded and expressed her understanding.
Lin Baicheng added: "After the valuation is confirmed, ask me to sign. According to what we discussed before, let Galaxy Bank take a stake in Jin's Heavy Industry, and then let Galaxy Bank send people to connect with Jin's Heavy Industry and buy out Jin's Heavy Industry's issue The US$30 million bond, your secretariat will do its best to assist.”
In the future, Lin Baicheng will not make any large investments in a private name. It would be better to invest through enterprises.
Qin Lan nodded, and then asked: "After the valuation is negotiated, and when the time comes to sign the shareholding contract with Jinshi Heavy Industries, Mr. Lin, do you want to come in person, or do you want Galaxy Bank to do it?"
"Let Xiang Daban take people on a trip to South Korea."
Lin Baicheng thought for a while and said: "Including the bonds purchased, it is an investment of close to 50 million US dollars. It seems that he takes it seriously for such a big class."
As for Lin Baicheng himself, his time is even more precious. He has many things to deal with in Xiangjiang, and he has to go to the United States at the end of the month, so he has no time to go to South Korea.
And according to the information that Lin Baicheng asked people to investigate, South Korea today is very similar to Hong Kong a few years ago. The underworld is rampant. Although these gangsters dare not challenge the chaebol, the result of the underworld's rampage is that the public security is not very good. He, a foreign rich man, went there On the other hand, there are still some hidden concerns in terms of safety.
Although Lin Baicheng had many bodyguards and the possibility of an accident was very low, the poor public security in South Korea was one of the reasons why he did not go there.
After all, South Korea is different from Xiangjiang. Even if the young and Dangerous boys in Xiangjiang become rampant in a few years, Lin Baicheng will not be afraid at all, because Xiangjiang is his base and his own security team is enough to prevent those young and Dangerous boys from messing around. What's more, he is in Regarding the relationship with the Hong Kong government, commanding the Royal Police is a simple matter.
Furthermore, with Lin Baicheng's strong support for the mainland, if he is really in danger of safety, shouldn't the mainland send people to protect him?
Therefore, as long as he is careful when in Xiangjiang, Lin Baicheng is not worried about his own safety at all.
Qin Lan said: "I have already told Xiang Daban about buying a stake in Jinshi Heavy Industries, and Xiang Daban has also made preparations. I will contact Xiang Daban later and let him be ready to lead the team to South Korea."
"Okay, I can rest assured that you will do the work."
Lin Baicheng waved his hand.
"Mr. Lin, I'm going out first."
Qin Lan stood up and left the office.
Lin Baicheng continued to work in the office until he went home after get off work in the evening.
At home, Father Lin and Mother Lin have returned with their two cousins. They stayed for about a week after the Mid-Autumn Festival and only came back a few days ago.
When 8:30 pm passed, Lin Baicheng contacted New York. The person who contacted him was Haruko Maori. Lin Baicheng inquired about the operation of crude oil futures as usual.
Since the outbreak of the Iran-Iraq War and the sharp rise in oil prices, Lin Baicheng immediately asked Maori Haruko to go to New York to replace him in the Golden Fleece Company, and all the manpower in the United States was deployed by her.
The crude oil futures that Lin Baicheng is long in are mainly divided into two parts. One part is led by Yuan Tianfan of Galaxy Bank, and the other part is led by Vivien Kelly of Golden Fleece Company.
Lin Baicheng had arranged for people to follow the team led by Yuan Tianfan. Although Vivien Kelly also had other high-level supervisors from the Golden Fleece Company, Lin Baicheng did not trust them so much, so he sent Haruko Maori over.
With Maori Haruko here, Lin Baicheng doesn't have to worry.
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