My Age of Investment

   Chapter 1031

  "Daren, you are not a bad driver!"

  As soon as he boarded Xia Jingxing’s Gulfstream plane, Ma Yun, like Grandma Liu, entered the Grand View Garden. He touched this and patted that with all kinds of compliments.

  Xia Jingxing smiled, “It's not worth a lot of money. Try to make some money this year and change to a bigger one.”

"bigger?"

  Ma Yun looked astonished, "Is the passenger plane modified?"

  Looking at Xia Jingxing and nodded with a smile, Ma Yun swallowed, feeling a little uncomfortable in his heart.

The founder and CEO of the Internet company with the highest market value in China doesn’t have a private jet yet. This guy has to change the plane, and it’s still a passenger plane that is several times or ten times higher than the price of a business jet. If you include the modification, the cost is It's even more exaggerated.

  If I knew it, I wouldn’t come to fly!

  Ma Yun was a little bit upset. He made a special trip to Hong Kong this time and went to the United States with Xia Jingxing. The main purpose was to talk to Xia Jingxing about Yahoo. The plane was only incidental.

   However, Xia Jingxing's attitude of "not taking money seriously" still showed off his face.

  I will buy one myself in the future, the most expensive one, and then please visit Xia Jingxing! Jack Ma can only comfort himself so much in his heart.

  Receiving the red wine glass handed over by Xia Jingxing, Ma Yun suddenly remembered something and said: "Hey, Dai Lun, have you encountered any difficulties recently?"

Seeing Xia Jingxing’s puzzled expression, Ma Yun said with a narrow smile: "What kind of friendship is between us? It’s really difficult. Just say it. Although I don’t have many assets, it’s nothing to collect one or two billion for you. questionable."

   Seeing Xia Jingxing fell into silence, Ma Yun felt a lot more relaxed.

  What to install?

  While buying a passenger plane, he pledged Ari’s stock. Is this not bad performance?

  Xia Jingxing smiled and said, "Really borrowed?"

  Seeing Xia Jingxing’s successful conspiracy smile, Ma Yun felt a little regretful in his heart, and he wished to slap himself with a big mouth.

  Sooner or later, it will break on my own mouth!

Despite the pain in his heart, Ma Yun's face still pretended not to care, "Borrow! But let me declare first that my ability is limited, only one or two billion. If you were planning to buy a house in Hong Kong, if you are anxious to use it. , I will lend it to you first."

  Xia Jingxing smiled and patted Ma Yun on the shoulder, "Forget it, you can keep it to buy a house, this is the money for Anjia homeownership, you can't borrow it."

  Ma Yun felt that Xia Jingxing looked down on him, and immediately said strongly: “Dalun, you can keep it, if you don’t, you just look down on me! My friend is in trouble, why am I anxious to enjoy it?”

  Xia Jingxing shook his head and laughed. It’s not bad for Jack Ma’s money. He pledged Ari’s stock to make the battle bigger in the Hong Kong stock market.

   Borrowed Ma Yun’s money, even if it was not much, he owed him a favor.

  Looking at Jack Ma starting to go online, Xia Jingxing quickly turned off the topic: "Ari’s stock price has fallen a lot recently, and the investment bank is only willing to lend me a loan at 10 Hong Kong dollars per share, saying what to control the risk.

  I'll go to him, uncle, tell me, old horse, is this a dog's eye? "

Ma Yun was really distracted by this incident, and said in a rage: "Dalun, let me tell you, these **** investment banks just look down on people, and some institutions look down on Ari's stock price and give us a sell rating... "

  Xia Jingxing listened quietly to Ma Yun's complaints, and the other party seemed to be very angry about the stock price.

  Last year, Ari’s stock price reached a maximum of 41.8 Hong Kong dollars, with a market value of 210 billion Hong Kong dollars, making it the largest Internet company in Asia.

  Beginning this year, Ari’s stock price has fallen all the way, and now it has fallen to 20 Hong Kong dollars. The stock price has been cut in half, the market value has shrunk by half, and more than 100 billion Hong Kong dollars have been evaporated. How can it be a tragic word.

  How much investors admired Ahri at the beginning, but now they scold him as badly.

  Affected by the pessimism of this market, even the 1.1848 million shares (21.95% of the total share capital) in the hands of Vision Capital are not good for loans.

  Because Xia Jingxing knew that Ari’s stock would be cut in half this year, directly to the ankle, he did not dare to pledge all of it. He only pledged 500 million shares of it and loaned 5 billion Hong Kong dollars.

  Even so, when the stock price fell from 20 Hong Kong dollars to 10 Hong Kong dollars, he also needed to cover the position-either to pay back a portion of the money, or pledge a certain percentage of the stock.

  Considering that when the stocks are closed for sale, the stock price may continue to fall, so the two major investment banks have set a 150% warning line and a 130% liquidation line.

   is equivalent to saying that when the stock price drops to 15 Hong Kong dollars, it will request to cover up the position. When it drops to 13 Hong Kong dollars, if the money has not been repaid or the stocks have been pledged, the position will be closed directly in accordance with the agreement.

  Xia Jingxing calculated that as long as Ari’s stock price does not fall below 6 Hong Kong dollars, it can be supported by continuous replenishment of stocks in the past. If it falls, it will need to replenish cash, which is contrary to the original meaning of using cash in loans.

  He knows that Ari’s stock price will fall miserably this year, but has it fallen below 6 Hong Kong dollars? He can't remember.

  However, there is still a lot of cash in the US account of Envision Capital, which can be transferred to take a bite at any time.

  In short, a liquidation is impossible!

  Ma Yun cursed for a while, it seemed that he had a lot of anger in his chest. The journey was long, and there were more than ten hours before he flew to the United States. He began to chat with Xia Jingxing on Yahoo and Yang Zhiyuan.

  "I talked to Jerry on the phone, and they had a few rounds of talks with Microsoft. Microsoft insisted on offering a price of only $31 per share, but the Yahoo board insisted on asking for $40 per share."

  Ma Yun looked at Xia Jingxing and asked: "Dalun, do you think they are in agreement? You make one move, I make one move, and this transaction is complete. That's the situation I don't want to see the last."

  Xia Jingxing smiled and said, “So, when we are going to the United States this time, we must do more of Jerry’s work.

  Speaking of which, the price difference of 9 US dollars, multiplied by the total equity of 1.43871 billion US dollars, the difference is nearly 13 billion US dollars.

  It’s not that easy to talk about, just relax! "

  Ma Yun shook his head, "More than 10 billion US dollars seems to be a lot, but the two sides make concessions at the same time, and the price difference will continue to shrink, turning into billions of dollars, hundreds of millions of dollars, and then... the deal!

  The most frightening thing is that Yahoo’s large and small shareholders are supportive of this transaction.

  They are very disappointed with the current management and Yahoo. They look forward to replacing the stock with Microsoft's, or leaving the quagmire with a large amount of cash. "

  Xia Jingxing's face is heavy, but in fact he is happy. Yahoo shareholders support the transaction and put pressure on the management are all he likes to see, so that he can better advise Yang Zhiyuan.

   "Lao Ma, I said what if... If Microsoft really buys Yahoo, what shall we do?"

Meeting Xia Jingxing's serious eyes, Ma Yun frowned and said, "Could it be possible that we will talk to Microsoft again?"

  Xia Jingxing snapped his fingers, “Bingo, you are coming to America from a long distance, we must not go back empty-handed.”

   "Then what are we talking about with Microsoft?" Ma Yun was a little biased, and his thinking began to follow Xia Jing.

  Xia Jingxing said, "I have three strategies, upper, middle and lower!"

  (End of this chapter)