Reborn as a tycoon in Hong Kong

The next day is Saturday.

In the morning, Lin Baicheng learned from his personal secretary Catherine that Weili from London had contacted him last night, London time, saying that he wanted to report to him on the progress of the acquisition of Bentley Motors.

There is an 8-hour time difference between London and Los Angeles, and London time is faster than Los Angeles time.

Weili called last night, London time. It was morning here in Los Angeles, and Lin Baicheng had already attended Phil Smith's wedding. There was no time afterwards, so Catherine did not report the matter to him. .

Of course, this was also related to the fact that Wei Li's matter was not very urgent, so Catherine waited until the next morning to report to Lin Baicheng.

Weili said that he would contact us again at 9 a.m. on Saturday, Los Angeles time, or if the big boss Lin Baicheng knew about this in advance and had time, he could contact London. During the two hours of nine o'clock, I will stay in the hotel.

"In this case, you should contact Weili now."

After hearing this, Lin Baicheng said that he would learn about the progress of Weili's acquisition of Bentley Motors every two days, so he knew where the progress was. He guessed that there should be new progress, so he specially reported to him.

Currently, the team led by Weili is divided into two groups. One group conducts a more comprehensive investigation of Bentley cars and evaluates the value of Bentley cars.

The other group was led by Weili personally to negotiate with the Bentley family.

The Bentley family has the right of priority to repurchase certain shares of Bentley Motors. Coupled with the Bentley family's influence on Bentley Motors, the acquisition of Bentley Motors is inseparable from the Bentley family, so it is necessary to get rid of the Bentley family.

Once an agreement is reached with the Bentley family, with the assistance of the Bentley family, not only can the value of Bentley cars be more clearly assessed, but also the Bentley cars can be taken over more smoothly after the acquisition, so that Bentley cars will not cause turmoil due to the change of controller. .

Furthermore, the Bentley family definitely has a certain influence in the automotive industry and London. Whether it is recruiting R\u0026D talents in the automotive industry or maintaining the relationship between Bentley Motors and Downing Street, the Bentley family can contribute.

After all, London is not Hutchison Whampoa’s home ground. It will not do any harm to Hutchison Whampoa if we can have the Bentley family as a partner.

"Chairman, you have been connected with President Wei Li."

After a while, Catherine on the phone spoke to Lin Baicheng.

"Um!"

Lin Baicheng walked over and took the microphone: "Wei Li, it's me."

"Mr. Lin!"

Weili's voice rang from the phone: "Good morning!"

Lin Baicheng went straight to the point without being polite: "I heard from Catherine that you called yesterday to tell me that you wanted to report to me about the progress of the acquisition of Bentley Motors?"

"Yes."

Wei Li responded: "Yesterday afternoon, London time, we reached an agreement with the Bentley family."

"Very good. With the assistance of the Bentley family, Hutchison Whampoa will acquire Bentley Motors faster."

Lin Baicheng couldn't help but feel happy after hearing this. He knew that Wei Li had reached an agreement with the Bentley family without reporting to him, which meant that the result of the negotiation was within the range of the conditions he proposed last time. Otherwise, if it exceeded the bottom line, Wei Li would definitely I will ask him for instructions or continue to negotiate with the Bentley family. It is impossible to agree rashly.

"The final negotiation results are as follows."

"The Bentley family will invest in repurchasing 15% of Bentley Motors' shares, of which the funds required for 5% of the shares will be borrowed from banks as a guarantee by the company, with a guarantee period of five years."

"When the Bentley family holds more than 10% of the shares, it has two director seats in Bentley Motors and participates in the company's daily management and operations. If the family members have qualified capabilities, one person can hold the position of vice president."

"When Bentley's valuation reaches 800 million pounds, it must launch a listing plan and list it on the London Stock Exchange."

"Members of the Bentley family can work at Bentley Motors as long as they meet the requirements for the corresponding position, and they must not be hindered without reason."

"The Bentley family."

The Bentley family made many conditions that were beneficial to the Bentley family. Some of these conditions were agreed to by Hutchison Whampoa, some were rejected, and some were agreed to with restrictions after negotiation.

Of course, the Bentley family has conditions, but Hutchison Whampoa does not have conditions.

"The Bentley family must fully assist Hutchison Whampoa in acquiring Bentley Motors from Rolls-Royce, and the acquisition price is subject to a range limit."

“All patents related to Bentley cars held by the Bentley family will be sold or permanently licensed to Bentley cars, and Bentley cars will provide corresponding bonus compensation after being authorized.”

"After the successful acquisition of Bentley Motors, the Bentley family needs to assist Hutchison Whampoa in stabilizing Bentley Motors, especially the management and automotive R\u0026D departments, and assist Hutchison Whampoa in retaining outstanding R\u0026D talents."

"The Bentley family must use their connections in London and the automotive industry to recruit various talents for Bentley Motors, and the relevant costs will be paid by Bentley Motors."

"The Bentley family must."

Hutchison Whampoa asked the Bentley family to do a lot of things, and the Bentley family also agreed to some, some not, and some partially agreed.

The cooperation between Hutchison Whampoa and the Bentley family can be said to be beneficial to both parties. Therefore, both parties negotiated with a cooperative attitude, and both parties made concessions.

"Now that we have reached an agreement with the Bentley family, we will work with the Bentley family and HSBC, and at the same time request the assistance of the Prime Minister's Office, to conduct acquisition negotiations with Rolls-Royce. We hope that the negotiations can be concluded as soon as possible, which will be beneficial to everyone."

After hearing this, Lin Baicheng said that Wei Li had been leading the team to London for some time, but it was normal that such acquisition negotiations involving hundreds of millions of dollars could not be completed in a short time. Wei Li and the others would definitely have to stay in London for a while.

Negotiating the acquisition of Rolls-Royce, even with the assistance of the Bentley family, HSBC and the Prime Minister's Office, it will not take a few days to complete the acquisition. After all, it involves an acquisition of hundreds of millions of dollars, and every percentage point is worth millions of dollars. .

Weili said aloud: "It will be beneficial to all parties to negotiate the acquisition. I believe the negotiation will go smoothly."

"After the acquisition is successful, I will congratulate everyone at that time, and bonuses will also be indispensable."

Lin Baicheng's drawing cake is a piece of cake that can be eaten. Maybe Wei Li himself doesn't care about the bonus, but the people below him whose income is not as high as him must be very concerned about it.

Wei Li said immediately: "I would like to thank Mr. Lin in advance of the other members of the team. I will announce the good news to them in a moment. I believe they will show their full energy."

"I'm waiting for your good news."

After Lin Baicheng finished speaking, he hung up the phone.

Time flies to the afternoon.

Lin Baicheng went to Claude Rockefeller's house. Although he went to Claude Rockefeller's house with his personal secretary and bodyguard, when he entered the villa, he only took Barry Diller with him.

As the president of the soon-to-be-established TV network and one of the shareholders of the company, Barry Diller will definitely come over to talk to investors about his views and plans for the development of the TV network when Lin Baicheng is looking for other partners for the company.

Although the villa where Claure Rockefeller lived was not comparable to the manor where his parents lived, it was still a luxurious villa with a large area.

"Alan!"

Following the servant, Lin Baicheng walked into the villa. In addition to seeing Claure Rockefeller, he also saw the newlyweds Phil Smith and Anna Nord, as well as Abigail Johnson, who had already arrived.

As for Logan Rockefeller and Iwasaki Mineryu, I don’t know if they haven’t come yet or if they have gone elsewhere temporarily.

"Miss Johnson, we meet again."

Claure Rockefeller and Phil Smith were both acquaintances, so Lin Baicheng went out of his way to say hello to Abigail Johnson.

"It's a pleasure to meet you again, Mr. Allen."

Abigail Johnson shook hands with Lin Baicheng. Regardless of whether she wanted to participate in investment today, the relationship between the two was established. Before she came over, Claude Rockefeller told her about the project that Lin Baicheng invited her to cooperate and invest in, so she knew nothing about it.

Lin Baicheng asked aloud: "Where are Logan and Iwasaki-kun, haven't they come yet?"

Claure Rockefeller said: "It's not here yet, but it should be soon."

"Let me introduce to a few of you. This is Barry Diller. He is still serving as president of Paramount. However, he will leave Paramount at the end of this month to form a television network with me. He is also the president of Paramount. One of the shareholders of the company.”

Lin Baicheng introduced Barry Diller to several people, and then solemnly introduced Claude Rockefeller and the four of them to Barry Diller.

"It's an honor to meet you all!"

Barry Diller's attitude was relatively low. From the surnames of several people, he could roughly guess the families they represented. He knew in his heart that if they joined, the TV network would be more likely to succeed. increased.

Claure Rockefeller and the others did not put on a high profile. Not to mention that Barry Diller might be one of their partners in the future. As one of the presidents of Paramount, it was worth their friendship.

Barry Diller is definitely not comparable to them in terms of assets, but since he can become the president of Paramount, it shows that he is very capable, and capable people are also worth making friends with.

The few people had just chatted for a few words when Claude Rockefeller's wife and two children came over. Claude Rockefeller introduced his family to Lin Baicheng and Barry Diller and chatted for a few words.

Lin Baicheng and others chatted for a few minutes. Iwasaki Mineryu and Logan Rockefeller arrived almost immediately. They were not late, but Lin Baicheng and others came earlier.

After the two arrived, Lin Baicheng and others did not continue chatting in the hall, but went to the garden led by Claure Rockefeller. This time, Claure Rockefeller's wife and children did not go with them.

Everyone came to the garden.

After a while, desserts such as bread, tarts, chocolates, and cakes, as well as drinks such as black tea and coffee, were served.

Although it is said to be afternoon tea, there is no requirement to drink tea, coffee and other drinks are also allowed.

"Alan, I heard from my friend that your Galaxy Games company is going to hold a party tomorrow night and invite all shareholders?"

Everyone did not talk about business immediately, but drank tea and chatted first.

"good."

Lin Baicheng nodded and said: "The main reason is that I, the chairman, have not communicated with the company's shareholders for a while, and I need to maintain my personal relationships, don't you think?"

"That's true."

Others took this statement seriously.

Abigail Johnson said: "It has been less than half a year since Galaxy Games went public, but its stock price has already been more than three times the issue price, an increase of more than 200%, plus it is still on Nasdaq. It can be said that the listed companies with the highest market capitalization have attracted the attention of quite a few investors and institutions.”

Whether it is U.S. stocks or Big A, whether institutions or retail investors, they are all chasing stocks with an upward trend. Usually, the greater the increase, the more attention they attract, especially in U.S. stocks.

U.S. stocks can be shorted. If a stock rises very much, some institutions will definitely think that the price-to-earnings ratio is too high, think that the stock will correct, or that there is a basis for a correction, and then short-sell.

If there is a short position, there will be a long position. When someone or an institution thinks it is profitable, they will play against the short seller and play a game.

As for this kind of zero-sum capital game, no matter which country it is in, people will resort to off-board moves and do whatever it takes to win. This is normal operation.

"I remember that it has been almost half a year since Galaxy Games went public. Once half a year is up, many shareholders or executives will definitely choose to sell their stocks. Galaxy Games' stock price is likely to undergo a wave of adjustments by then."

Claure Rockefeller said his judgment. Although he didn't know that Goldman Sachs and other institutions were planning to reduce their stock holdings after the sale limit expired, he could guess that more than twice the profit would be enough to satisfy many people.

Phil Smith said: "Galaxy Games is actually pretty good. The company's revenue and profits are very high. I believe many people have greater expectations for it."

"I remember that Galaxy Games' net profit last year was US$430 million, and the company's current stock price is a little over US$50, with a total market value of tens of billions of US dollars, a price-to-earnings ratio of almost 23.5 times. This price-to-earnings ratio is not low." Abigail Johnson said.

This is not the United States during the great bull market of the 1920s, nor is it the Internet bubble period of the 1990s. The current price-earnings ratio of high-quality listed companies is usually between 20 times and 30 times, and few exceed 30 times. Basically, There will be no P/E ratio exceeding fifty times.

Of course, the P/E ratio will be different depending on the industry, and there will always be stocks that are seriously undervalued or overvalued, and these cannot be used as a standard for comparison.

According to the normal price-earnings ratio of 20 to 30 times, Galaxy Games' current price-to-earnings ratio of 23.5 times is indeed not low. Although it is not very high, the room for growth is limited.

It is precisely because Galaxy Games' price-to-earnings ratio is not low at the current stock price that institutions such as Goldman Sachs have to reduce their stock holdings after the sales restriction expires.

The current stock price is a P/E ratio of 23.5 times. When institutions continue to speculate and the stock price rises, the P/E ratio will only be higher and the risk will be higher. It is natural for institutions to reduce their holdings.

As for the retail investors and other institutions who were tricked, that has nothing to do with Goldman Sachs and other institutions. They have already pocketed the profits anyway. This is the most practical thing.