We're building a super chaebol in Hong Kong
#266 - Take the initiative
While Su Cheng was having a private meeting with Jodie Foster, Zhang Qizheng was not idle at this time.
After arriving at the hotel, he directly asked his friend to invite the two shareholders of Nami Entertainment who intended to sell their shares.
The headquarters of Nami Entertainment is actually on Hollywood Boulevard, not far from the hotel where they were staying.
And these two shareholders both hold director positions in Nami Entertainment and often go to the company.
Today, they happened to be at the company.
His friend had already faxed the information of these two shareholders to Zhang Qizheng, including their photos, so Zhang Qizheng recognized them at a glance.
"You are Mr. Zhang, right? Mr. Wade has already told us your conditions. $1.28 per share is still too low. We hope that the price will be at least $1.4, so that we can accept it!" As soon as he sat down, Mr. Wollaston couldn't wait to say the price they had colluded on.
Mr. Wade is Zhang Qizheng's friend in the United States. They have had many financial collaborations, so he is a very trustworthy partner.
It was through Mr. Wade that Su Cheng had the opportunity to eat up the shares of these two shareholders.
The total market value of Nami Entertainment was originally around 110 million US dollars.
During the later stage of absorbing Nami Entertainment's stock, the trading team led by Zhang Qizheng was discovered by the company's chairman, so the chairman, in order to prevent being raided, also repurchased the stock on the market.
It's just that there were not many stocks listed on the market later, so the chairman only recovered 2.63% of the stocks.
Originally, the chairman of Nami Entertainment held 21.21%. Adding this 2.63%, the shareholding reached 23.84%, and there was no movement in the market, so he did not continue to collect it, because he felt that these shares were enough to consolidate his position in the company.
In those few days, the total market value of Nami Entertainment was once raised to 140 million US dollars.
However, as no one continued to absorb the stock later, and more and more shareholders listed their orders, the total market value of Nami Entertainment quickly fell back to around 100 million US dollars.
After all, for ordinary listed companies like Nami Entertainment, in the entertainment industry, it is not a high-quality stock, and no major players come to炒作.
And those ordinary shareholders put their stock trading goals on DreamWorks, Walt Disney Company, 20th Century Fox Film Company, Columbia Pictures, Sony Pictures Entertainment, Universal Pictures, Warner Bros. Entertainment, Paramount Pictures, and top record companies such as RCA/JIVE Interscope Records.
For companies like Nami Entertainment, which don't have many top stars, shareholders naturally feel that the potential is insufficient.
And the condition Zhang Qizheng talked about, $1.28 per share, is actually based on the total market value of Nami Entertainment at $100 million.
As for the $1.4 per share that Mr. Wollaston said, it is the original market price.
The shares of the two of them add up to 10.83%. If they want to sell them by listing orders, it is impossible, because so many stocks will infinitely lower the stock price of Nami Entertainment.
Unless they encounter a capital like Tianyuan Investment Company secretly acquiring Nami Entertainment's stock, otherwise it will be difficult for them to sell.
Like a few days ago, the stock price of Nami Entertainment was absorbed by the company's chairman, which raised it a lot. These two also took the opportunity to sell some stocks, otherwise they would have more shares in their hands.
Therefore, after discussing with each other, these two shareholders of Nami Entertainment felt that they would be happy to sell at a unit price of $1.4 per share.
After all, in this very uncertain stock market situation, they had long wanted to escape.
In particular, Nami Entertainment's financial statements for the first half of this year were not very good.
Not only did they not make a profit, but they even lost several million US dollars.
For companies like them with annual turnover of more than 100 million US dollars, losing a few million US dollars is nothing, after all, they have cash flow.
However, this is enough to show that Nami Entertainment's business is not good!
In addition, with the impending oil crisis, they are even more convinced that selling stocks and holding cash is the best choice.
After all, they have experienced the 1973 oil crisis.
Now, it is too much like that year.
The latest novel is first published at 69书吧!
The cautious ones have to prepare in advance to prevent a real financial crisis.
Although the government is now stimulating the stock market with various methods and introducing many policies to make the stock market show signs of recovery.
But they feel that these are only temporary and cannot last for long.
Therefore, when someone contacted them, the two decided to take this opportunity to sell all the shares in their hands.
"Don't worry, what do you two want to eat? Order first." Zhang Qizheng said with a smile.
Mr. Wollaston and Mr. Wayne had to call the waiter over to order the dinner they wanted to eat.
Then, there was a period of silence.
It wasn't until all the dishes were served and the door of the private room was closed again that the three continued to chat.
"Our boss doesn't think Nami Entertainment's stock is worth this price, because we have investigated the specific situation of Nami Entertainment. Last year, you failed in many investments in movies, which led to your company's annual profit of only more than one million US dollars, and in the first half of this year, it directly lost more than three million US dollars. You should know this better than me.
The reason why Nami Entertainment's stock can maintain such a high level is also because Nami Entertainment's stock does not have much trading volume on weekdays, and your company occasionally raises the total market value in the form of repurchases. Therefore, I think the current total market value of 100 million US dollars is inflated!" Zhang Qizheng said very bluntly!
To gain the initiative in negotiations, you must master all the information.
Therefore, when Zhang Qizheng was in New York, he had secretly asked someone to investigate the specific situation of Nami Entertainment. Only in this way can he gain an advantage in the negotiations.
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