What’s Wrong With Me Being a Rich Man?

Chapter 109 Analysis

There is something wrong with Fenzhong Media!

The SEC announced a public investigation into whether Finnish Media violated securities regulations!

Chen Nanpeng knew something was wrong when he listened to the secretary's report from his mobile phone.

He is familiar with the relevant mechanisms of the SEC and has adopted a public investigation there. This is the tendency of attitude, which proves that they have relatively certain evidence in their hands.

As for whether there is any problem with Fenzhong Media...

Chen Nanpeng hung up the phone, without even hiding his expression, and was quite solemn.

When he invested in Fenzhong, he had not founded Sequoia China. At that time, he was an individual investor and later became an independent director of Fenzhong Media, with a good relationship with the head Jiang Nanchun.

Chen Nanpeng often receives calls from Jiang Nanchun and also gives Fenzhong’s suggestions on whether to acquire other companies, and is willing to share his own strategic and capital experience.

Even Sina CEO Cao Guowei joined Fenzhong Media and became an independent director, which was also a strong promotion from Chen Nanpeng.

"What's wrong? What's wrong?" Xu Xin noticed Chen Nanpeng's changes and asked.

Chen Nanpeng did not conceal the public information, and breathed a long sigh and replied, "SEC is going to investigate Finzhong Media."

Xu Xin hesitated after thinking for a moment, "That's going to be a bad thing."

Chen Nanpeng pursed his lips and couldn't help but punch the table with his fist: "Yes! The deal between Sina and Fenzhong is probably going to be ruined!"

Just last month, Sina and Fenzhong reached an agreement, which will issue an additional 47 million ordinary shares, and initially acquire Fenzhong's building television, frame advertising, store advertising and other businesses and related assets at an estimated cost of approximately US$1.37 billion.

This batch of assets belongs to Fenzhong's core assets, with revenue accounting for more than 50%.

Sina and Fenzhong have always had a good relationship. In addition to Sina CEO Cao Guowei, Fenzhong's advertising company "Haoye" also represents Sina's advertising. Earlier, Fenzhong also entered Sina's investment in stock exchange. rumored, but with Fenzon's stock price falling in 2008, Sina eventually changed from a seller to a buyer.

Xu Xin felt Chen Nanpeng's anger and anger and asked tentatively: "I heard that Sina's management wants to MBO?"

Chen Nanpeng nodded slightly, affirming this matter.

Yu Xing didn't mind the interruption of his financing and asked, "What is MBO?"

Xu Xin also doesn't mind listening to more information in an explanation: "MBO is a management acquisition, Sina's equity is scattered. I heard that CEO Cao Guowei wants to have solid control."

When Liu Jiankai, the vice president of Today Capital in the office, heard this, he also spoke out: "Sina's equity has always been very scattered, the personnel struggle is relatively fierce, and he is also facing too grand malicious acquisitions."

Both of them were explaining to Yu Xing, but Chen Nanpeng knew that they were also talking to him.

But there is nothing to say about the failure.

"If it weren't for Sina's internal problems, it would definitely develop better than it is now." Chen Nanpeng frowned, "So, Sina's acquisition of Fenzhong assets by using additional issuance this time is also introducing new shareholders. This is a relatively important thing. .”

Xu Xin nodded and said, "Indeed, the market is not very optimistic about the role this acquisition can play, although Sina claims to become a better new media company."

A company's acquisition requires a reasonable reason, but the purpose under capital operation has higher priority.

"The two sides reached an agreement, but the acquisition has not been completed yet. It will be completed in September this year at the latest." Chen Nanpeng sighed, "But, the SEC is now investigating Fenzhong, and this acquisition will definitely not work."

When Yu Xing heard this, he expressed his humble opinion: "Even if the SEC investigation is conducted, there may not be any problems."

Chen Nanpeng glanced at the young college student entrepreneur and said nothing.

"No, flies, cough." Vice President Liu Jiankai took care of the feelings of the directors present and asked for help, "This will mainly undermine the confidence of the market. Sina's internal opinions are not unified. If there is a problem with the acquired assets, the transaction will be no longer possible. It can't go on."

Chen Nanpeng was silent for a few seconds, avoiding the discussion of this topic, shook his head and said, "It's not just the impact of this matter. If the transaction between Sina and Fenzhong goes smoothly, the next step is to let "Yao" go public in disguise."

After hearing this, Xu Xin immediately understood: "Oh, the core business has given way."

Liu Jiankai also understood: "The current environment is not suitable for splitting out IPOs in "Yes".

Yu Xing didn't understand very much and asked, "What do you say, what do you say?"

He heard Xiaoying mention Sina's asset acquisition, but that had no effect on the action of crossing Shanfeng. However, he did not hear this disguised "good" listing.

"The original core assets were taken away by Sina, and the 'good' that was behind naturally became a new core asset, and the listed company Fenzhong has transformed directly." Chen Nanpeng said lightly about Fenzhong's plan "This financial crisis has a great impact. If you let 'Yao' split and list it, the procedures will be troublesome and the prices will be bad, so it is better to go public in disguise."

Yu Xing nodded, understood, had a lot of knowledge, thank you for your answer, good person.

"The transaction between the two listed companies, Sina's MBO, is very good to go public in disguise." Chen Nanpeng said helplessly, "These plans have all been disrupted."

Yu Xing didn't speak and listened silently.

Xu Xin was indeed curious and asked, "How could the SEC suddenly investigate? It feels a bit serious."

Chen Nanpeng frowned again: "A research company named "Guoshanfeng" has released a questioning report on Fenzhong data and reports. It has been almost a week, but it has not had much impact before. This time it should be its pen. .”

"Because, it released a detailed 40-page research report this time, which was released within five minutes of the SEC's announcement of the investigation, which is obvious."

Yu Xing remained silent. It sounded like Fenzhong still paid attention to it and even paid attention to it.

The name Xu Xin heard repeatedly: "Crossing the mountain? This name is a bit strange."

"Alias ​​for King Cobra." Chen Nanpeng took off his gold-rimmed glasses and rubbed his eyes. "Now it is confirmed that this is a new short selling institution. I don't know if it is domestic or foreign behind it."

Liu Jiankai said with interest: "Short selling institutions? Since this is the name, there should be no such name abroad. It is likely that domestic people will take charge of it."

Yu Xing continued to remain silent, and under such circumstances, he heard the name "crossing the mountain" from others...

Wonderful!

Exciting!

Xu Xin sighed a little, "The name is not wrong, it is quite poisonous. Sina and Fenzhong will definitely fall when the market opens."

Yu Xing took a sip of tea and gave you a good word.

Well, Sina's accidental injury...

Who knows that your capital operation is here and there? In the final analysis, Vice President Liu said it well, flies do not bite seamless eggs!

The office fell into a brief silence.

The attack on the mountain peak is at a critical node and will lead to a series of changes. In addition to the two listed companies, the direction of assets acquired by Fenzhong itself also deviates from the plan.

As a stakeholder or even deeply concerned party, it is difficult for Chen Nanpeng to not be excited.

But no matter how turbulent he talked about information that could be disclosed and invalid, he could no longer discuss anything else with Mr. Xu, and it was not suitable for others to listen to it.

It’s better to solve the current situation first and then look at the relevant changes.

Chen Nanpeng had a headache. After drinking half a cup of herbal tea, his eyes were re-located to the founder of Bai Xiaosheng. This time he didn't discuss it with Xu Xin, and his tone was a little cold: "Yu Xing, I'm still willing to see Bai Xiao The development model of this kind, $2.5 million, 30%, the rest remain unchanged, which is the best price."

Yu Xing was a little surprised and said regretfully: "Mr. Chen, I have said just now that Bai Xiaosheng's A round has been put on hold. If the B round is needed, I will definitely consider two more people."

Chen Nanpeng's face darkened, feeling that he was playing the price tag of the kind.

But he really didn't feel that way now, and said bluntly: "Mr. Yu, you just started your business. I heard that you achieved some results in your previous project, but that was not enough to support Bai Xiaosheng's operation even half a year. Bai Xiao What you need most now is your conceit or pride. " "On the contrary, what Bai Xiaosheng lacks most is experienced guidance. You don't have to doubt what Mr. Xu has about your company."

Seeing that Yu Xing was indifferent, Chen Nanpeng said sharply: "At least, Bai Xiaosheng's scale should be larger and more amazing, so we may have some unnecessary ideas."

Yu Xing stood up again, and Zhong Zhiling and Lu Haiying next to him also stood up.

It was actually already there once, but Chen Nanpeng's performance after receiving the news made the three of them sit back.

Yu Xing stretched out his right hand with a graceful look: "Mr. Chen, Mr. Xu, look forward to our future cooperation."

At this moment, Chen Nanpeng finally confirmed the decision of the young man opposite, not to pull up, but to really put aside the A-round financing with Sequoia China and Today Capital.

He was inevitably confused and did not reach out and spit out three words: "Why?"

"I hope to get $3 million in financing. In addition, I feel that 30% of the shares are too many. Bai Xiaosheng needs money, but I believe our mechanism is suitable for the current market." Yu Xing saw that neither of them shook hands without shaking hands. The meaning of the word is to take back the right hand, "Works socializing is not a new thing, but there has been no successful company, which means that past experience is actually not that important."

Xu Xin said at this time: "Yu Xing, you are indeed a little too confident."

Yu Xing looked at the head of Capital Today in front of him. The mood of successfully crossing the first battle made him feel a little excited, but he still controlled what he wanted to say and only gave Xu Xin a smile.

No mistakes, one song, one content, one in 6, one book, one bar, one reading!

Mr. Xu, don’t be anxious. I know that Capital invested in Tudou.com today and knew that the couple on Tudou.com had a bad relationship.

"Business experience is often the same." Chen Nanpeng was rejected first, but then was impacted by the SEC investigation. Now he is confused about the decision of the young man in front of him. His voice is cold and he inevitably brings some ridicule in his words. Everyone thinks like you, Sequoia China will not attend the 32 CEOs at the annual meeting.”

Yu Xing grinned and made a polite request: "Is that so? Can you show me the list of the 32 CEOs?"

He was really curious.

Only shorting one Fenzhong will not only bring up Sina, but also connect it with "good", and there are obviously other capital operations. So, I wonder if there are more exciting goals among the 32 CEOs?

Chen Nanpeng felt inexplicable about such a request. Do he still think he was lying about such a thing?

He looked at Yu Xing coldly, but saw the other party's warm and abnormal eyes.

Chen Nanpeng was confused, but he was no longer interested in chatting anymore, and only expressed his thoughts at the end: "Your valuation is too high, it's impossible."

Yu Xing smiled: "Although I do not have much experience in starting a business, I think it is similar to when I was studying medicine. Bai Xiaosheng's mechanism is like the human skeleton."

—SEC officially announced an investigation, and many employees of Finns Media have accelerated their pace, some rushed to their superiors’ offices, and some answered suddenly more calls.

"The letter of intent for financing is a scalpel, which shows a Y-shaped incision from the shoulders down to the lower end of the sternum, which has shown the bones of our project, and you also agree that there is no problem with this bone mechanism."

—Many financial reporters and well-known media are taking action. Sina reached an agreement with Fenzhong last month, which was already eye-catching. Now Fenzhong is suddenly changing, and the changes inside are the best reporting material.

"Bones are healthy, and users are like internal organs. Bai Xiaosheng's 100,000 users prove that there is such a demand in the workplace. Whether it is positive or negative, their daily active users are delivering strength to us and will further strengthen themselves."

—Fenzhong’s chairman’s office, Jiang Nanchun threw his phone hard to the ground with a "slap" and said, “Cross the mountain! Cross the mountain?! Cross the mountain... peak!”

"The money we hope to raise is flesh and blood. After the bones and internal organs are examined, I believe that we will recognize that our flesh and blood, bones and internal organs will become rich together."

—Senior Vice President Ma Ruifeng broke into the chairman’s office and made an ugly face to notify the latest news, “Mr. Jiang, our CSRC also called to ask about the situation!”

"So, Mr. Shen, don't worry about whether our valuation is high or not. If we have to discuss it, we will talk about this issue in the B round."

——"Crazy", Jiang Nanchun swept the things on his desk to the ground, and the chairman's office of Fenzhong Media was in a mess.

Yu Xing finally said, "Mr. Shen, Mr. Xu, see you next time."

Bai Xiaosheng's trio left the office of Capital Today and no one saw it off.

Shen Nanpeng and Xu Xin looked at each other in a little.

A few seconds later, Shen Nanpeng commented: "The thinking sounds unusual."

Xu Xin shook her head: "If you think unusually, you are not an ordinary person."

She thought for a while and said, "What if a **** has a different mindset?"

Shen Nanpeng said with a little black humor: "Then we have to chase after him quickly, which means he is about to succeed!"

Having said that, neither of them wanted to continue this financing. Bai Xiaosheng does have potential, but the valuation still has boundaries, and coupled with the performance of the core figure... let him go.

The two of them did not move. Liu Jiankai, the vice president who was responsible for this matter recently, wanted to fight for it in the end and said, "Mr. Xu, Mr. Shen, I'll go see them off and ask at the end."

Shen Nanpeng refused to comment.

Xu Xin still nodded slightly.

Liu Jiankai hurriedly chased out of the office.

In about five minutes, Liu Jiankai came back.

"How is it? You're still quite arrogant, right?" Xu Xin knew that it was nothing unexpected when she looked at her expression. She smiled, "What did he say?"

"Uh, I don't want to listen to his mechanism and dissection." Liu Jiankai said carefully, "I just said Bai Xiaosheng was short of money and asked him to give a more reasonable reason, um... He said, Bai Xiaosheng said before, no Accepting investment from large factories, Mr. Shen has a background in carrying the city..."

Shen Nanpeng only felt funny: "Can I still be screened out because of carrying the city?"

Seeing Liu Jiankai's gaze dodged, he asked again, "What else have you said? You just say it."

Liu Jiankai didn't really bother to be serious, so he said directly: "Yu Xing said that he had doubts about the operation of President Shen and Fenzhong. Uh, that's the general idea."

Shen Nanpeng's face turned dark and he couldn't say anything.

Xu Xin asked: "Why reject today's capital? Because I want to set up an office in Baixiaosheng? Valuation?"

Liu Jiankai really doesn't want to say anything about his boss.

Xu Xin was impatient: "You said it directly, to cover it up."

Liu Jiankai took a breath slightly: "He said he doesn't want to hurt your husband-wife relationship with Mr. Li."

Shen Nanpeng's eyes became obviously surprised.

After hearing this, Xu Xin laughed, with no smile in her eyes, and gave two words of evaluation: "I have a taste."

Liu Jiankai pursed his lips, um, his words were slightly beautified, it was okay.

Yu Xing said that Fenzhong was cut open and it smelled smelly inside, but Mr. Shen didn't feel it smelly and didn't want to take the money from Sequoia. It was almost the Chinese New Year. Last time I saw the couple quarrel at the company headquarters and didn't want to make a fuss. Industry scandal.

Well... there is a kind.

(End of this chapter)