My Age of Investment

   Chapter 1324 Semiconductor Industry Association

   When Xia Jingwei was struggling with housework and the division of Facebook shares, Chen Hong's work in Pengcheng made great progress.

  Dezhou Pacific Group and CICC, one long-term Wall Street member, and the other a domestic brokerage lever, are very aware of Envision Financial Holdings' strength and ambition to become bigger and stronger.

   They sent an acquisition invitation to Envision Financial Holdings. They were just dissatisfied with Ping An’s quotation plan. They had the idea of ​​trying to see if a third party could be introduced to participate in the bidding.

  Since everyone is here, let’s talk.

  Chen Hong and the negotiating team were picked up by the Texas Pacific Group and the sell-side consultant CICC, and then started secret negotiations in the hotel.

   After some probing, both sides quickly grasped the other's reserve price and intentions.

  Dezhou Pacific Group was affected by the financial crisis and the large-scale departure of foreign capital from Chinese banks. It has no intention of operating and holding shares in Pengcheng Development Bank.

  At the same time, Texas Pacific Group is not a fool, on the contrary, it is very greedy.

   Nearly three years ago, Ping An, which was trying to build a three-pronged model of insurance, banking and investment, took a fancy to Pengcheng Development, a national banking license, and contacted Texas Pacific Group once.

  These Americans offered to buy at twice the premium, but Ping An refused without even thinking about it.

   Then the global financial crisis broke out, and major Wall Street banks and investment companies were quickly liquidating their shares in Chinese banks.

   Dezhou Pacific Group was a little panicked when he saw this situation, for fear that he would smash the shares in his hands.

   So more than a year ago, I started to look back and found Ping An to renegotiate the acquisition of shares.

  The situation instantly reversed offense and defense, and this time it was Ping's turn to pull up.

   Of course, it’s not that Ping An doesn’t value this banking license, but it just doesn’t want to be taken advantage of.

  So, they hired Goldman Sachs Gao Hua, a joint venture investment bank of Goldman Sachs in China, as a consultant, and spent more than a year tug-of-war negotiating, consuming the patience of Texas Pacific Group.

   In the face of Ping An's move, Texas Pacific Group has not resisted.

   CNOOC, China Mobile, and China Development Bank have all had scandals with Pengcheng Development Bank, but the transactions were eventually turned off.

   In desperation, the Texas Pacific Group is about to compromise, who knows that Cheng Yaojin will be killed halfway.

  Chen Hong has a heavy responsibility. He knows that Xia Jingxing is determined to win a domestic bank as a foothold for the development of the domestic financial holding industry.

   But he can't be treated as a big injustice!

   In the case of eight times a week, he still failed to get out of the hotel door.

   Every time he walked to the gate of the hotel "in a rage", he would be persuaded to go back by the staff of CICC.

   The people at CICC were also in a dilemma. The work of serving at both ends is really not done by humans.

   Americans say that they are in a group with Envision Financial Holdings, they take the seller's consulting fee, but they do the work of the buyer's consultant;

  Envision Financial Holdings said that they helped the tyrants, and as the grandson of the CIC Group’s roots, they helped foreigners suppress national financial companies.

   Zhongjin's staff became mice in the bellows, and they were angry at both ends, but had to swallow their anger to maintain the situation so as not to collapse.

  In this way, under the efforts of CICC, the negotiation between Dezhou Pacific Group and Envision Financial Holdings has become more and more smooth, and it is getting closer and closer to success.

   But this trembling, how can I not come out of trembling.

   In this context, Chen Hong called Xia Jingxing for the first time and informed the latter of the negotiation progress of Pengcheng Development Bank and his assessment of the reserve price of Dezhou Pacific Group.

   "They really want to sell these shares, and they're already in a hurry.

   I want to stay with the eagle for a while, but I’m a little worried about Ping An’s actions.

   If Ping An bought Pengcheng Development Bank ahead of us, it would be a waste of time. "

  Chen Hong was sitting on the sofa in the hotel suite, holding a mobile phone in one hand and a pen in the other. A piece of white paper on the table was filled with dense data.

   Xia Jingxing on the other end of the phone pondered for a while, and then answered decisively, "It can't be stopped by Ping An, let's make a few hundred million more concessions in the bid... Anything less than one billion yuan will do."

  Chen Hong said with a smile: "I know that we can't be fussy, and we must consider the strategic role of Pengcheng Development Bank.

   But I'm worried that after these Americans got our final offer, they handed over to Ping An.

   Even I can tell right now that they did not end the negotiations with Ping An.

   Talking with us, talking with peace, the snipe and the clam compete, the fisherman wins. "

   "This kind of thing is too normal!"

  Xia Jingxing smiled and said: "But you are right, you can't be used as a knife by the Americans.

  You have to be tougher, and put on a stance that is a big deal.

  Americans are all paper tigers, and as a listed company, Ping An will have concerns about bidding, and dare not form too large-scale goodwill due to mergers and acquisitions. We are a privately held company, and the advantage lies in me. "

  Chen Hong saw that Xia Jingxing looked full of confidence, and was a little worried that the boat would capsize in the gutter.

   But being pinched by the Americans is something he never wants to see.

   In the final analysis, there is still a tough psychological game to play.

  Thinking of this, Chen Hong decided to put the ugly words in front, "If the merger fails..."

  Xia Jingxing knew what Chen Hong was worried about, and interrupted with a smile: "If you fail, you will fail. How can there be a 100% success rate."

   After giving Xia Jingxing a vaccination, Chen Hong also completely unloaded his psychological burden.

   He got up and opened the door, meeting with his subordinates who were waiting in the corridor outside, and the group walked towards the hotel meeting room slowly.

  …………

  …………

   On the Magic Capital side, after Xia Jingxing hung up the phone, he temporarily put aside the matter of Pengcheng Development Bank. He called Deng Yuanjun and began to discuss with the other party to initiate the establishment of the Semiconductor Industry Association.

   "The state established a semiconductor industry association in 1990, and official enterprises such as Hua Hong and Huada Electronics, as well as many scientific research and public institutions are members of the organization.

   We are now pulling up another team, and it’s still a national organizational unit, won’t it be good? "

  Despite Deng Yuanjun's more subtle reminder, Xia Jingxing still understood what the other party meant.

  Xia Jingxing said with a smile: "Our association is not the same as theirs, they are the regular army, and we are a militia team with seven or eight guns.

  Our association is mainly composed of private enterprises, and more of them are start-up companies.

   There is only one purpose, to integrate resources and better develop China's semiconductor industry. "

  Deng Yuanjun said with a tangled expression: "Mr. Xia, but others don't necessarily think that way!

   Do you think we are engaging in some kind of interest alliance to suppress non-rejuvenation semiconductor companies? "

  Xia Jingxing spread his hands, "I'm not the president, and I'm not really seeking personal gain for myself, no matter what others say.

  The mouth grows on them, love how to say it. "

   (end of this chapter)