Reborn as a tycoon in Hong Kong

"Haruko, these two are proposals from Goldman Sachs and Citigroup to acquire Bell Labs' mobile communications technology. Let's take a look at them together."

As Lin Baicheng spoke, he handed one of the two documents to Mouri Haruko, and kept the other for himself.

"Okay, Makoto-kun."

This is a good thing for Mouri Haruko, and of course she cannot refuse.

The study became quiet, and Lin Baicheng and Maori Haruko looked at the documents seriously.

Lin Baicheng was looking at Goldman Sachs's share. He didn't know the content of Citigroup's acquisition plan yet, but from Goldman Sachs's plan, he learned why the Telephone and Telegraph Company suddenly intervened in this acquisition.

It has to be said that Wall Street capital is deeply rooted in the United States. Lin Baicheng still doesn't know the reason. Goldman Sachs found out in just a few days, which shows the strength of the other party's connections.

The reason why the Telephone and Telegraph Company intervened in this acquisition was because a vice president of the Telephone and Telegraph Company was optimistic about the future development prospects of mobile phones. The other party persuaded the company's board of directors to agree to retain the project and continue to invest in Bell Labs research. this project.

"There are so many smart people in this world!"

Seeing this, Lin Baicheng couldn't help but sigh, feeling a little helpless. He knew that it would be impossible to acquire Bell Labs' technology patents related to mobile phones this time, because the telephone and telegraph company was not short of money.

It is true that Lin Baicheng is not short of money. Maybe he can use several times the premium to hit the telephone and telegraph company, but that would be worse than purchasing some related technologies from other companies and then developing them himself.

Lin Baicheng continued to read. He believed that since Goldman Sachs sent this acquisition plan, it was impossible to say that the acquisition could not be successful. If Goldman Sachs was not sure, it would not send the acquisition plan, but would directly tell him that it was impossible.

After a while, Lin Baicheng finished reading Goldman Sachs' acquisition plan, and Maori Haruko also finished reading Citigroup's acquisition plan, and the two exchanged views and continued reading.

After reading the two acquisition plans, half an hour has passed.

Putting down the documents, Lin Baicheng said: "Qingzi, which plan do you think is better?"

Maori Haruko said: "The two acquisition plans are very similar. They both believe that the vice president of the telephone and telegraph company involved in the acquisition is critical. They both believe that this person's competitors can be united to attack this person at the board of directors level, so that This person's departure from the Telephone and Telegraph Company will at least prevent him from having the energy to intervene in this acquisition, and then they will go to talk to Bell Labs."

"Although Goldman Sachs and Citigroup want to unite with different people, since they said so, I think they should be sure. This will not affect your choice, Cheng-kun."

"So, if you ask me which acquisition plan has better price comparison, I think the two plans are similar. It depends on the execution capabilities of Goldman Sachs and Citigroup and who can get things done."

"But if I had to choose, I would ultimately choose Citi."

Haruko Mouri’s last addition directly made her decision on Citi.

"Is it because Citi doesn't charge front-end handling fees?"

The so-called front-end handling fee refers to the fee charged by the institution to the client before the acquisition begins. This fee refers to the fee that must be paid to the institution even if the acquisition fails.

The institution requires the entrusting party to pay front-end fees. First, it is to allow the entrusting party to show its firm attitude towards the acquisition. After all, it has to pay this fee even if the acquisition is unsuccessful. If the attitude is not firm, no company will give away this money in vain; second, it is to To make up for the loss of energy sacrificed by the organization, even if the acquisition failed, the organization still contributed its efforts and even used human resources. This fee is used as compensation for the organization, so that the organization will not get nothing.

Citigroup does not want this front-end handling fee, which shows that Citigroup is confident in the success of the acquisition and that it wants to cooperate with Lin Baicheng.

"Not at all."

Haruko Mouri shook her head slightly and said: "Citigroup does not charge front-end handling fees and obviously wants to win this acquisition entrustment. Therefore, I have reason to believe that in the subsequent negotiations, the entrustment fee charged by Citigroup will be lower."

"Aside from the fact that the fees charged by Citigroup will be lower, I think that under the same conditions, Chengjun, you should choose to cooperate with Citigroup."

"Chengjun now has a lot of cooperation with Goldman Sachs, but having only Goldman Sachs as a partner is not enough. If Chengjun you always have only Goldman Sachs as a partner, no one can guarantee whether Goldman Sachs will cooperate with you Chengjun." If you charge higher fees during cooperation, or if you suddenly stop contributing one day, Cheng-kun, you have no other choice."

"With Citi, Chengjun will have more choices in every cooperation. After Goldman Sachs learns that there is Citi as a competitor, it will definitely work more carefully for Chengjun and charge higher fees." It might become a little less.”

"Therefore, I think it is necessary for you, Chengjun, to increase the number of investment partners on Wall Street. Not only Citigroup, but also cooperation with investment banks such as Morgan Stanley if there is an opportunity in the future."

Maori Haruko expressed her thoughts. She and Lin Baicheng had a community of interests, so she sincerely gave Lin Baicheng advice.

"You have a point."

Lin Baicheng couldn't help but nod after hearing this. In fact, he had always had this idea, otherwise he would not have let Citigroup join in when New Century Software Company raised funds. This time it is indeed a good opportunity to entrust Citigroup to acquire it and deepen the cooperation between the two parties.

"I will ask people to negotiate with Goldman Sachs and Citigroup respectively. If the fees are similar, I will choose Citigroup this time."

Although he wants to deepen cooperation with Citigroup, the premise is that Citigroup's fees cannot be higher than Goldman Sachs's, and must be at least equal. It would be better if Citigroup's fees could be lower, so that he can also speak to Goldman Sachs.

Deepening cooperation with Citigroup does not mean alienating Goldman Sachs. Even because the two parties have a good cooperative relationship for many times, this kind of cooperation should be strengthened. However, Lin Baicheng cannot let him only choose Goldman Sachs in his cooperation with Wall Street.

The matter was settled like this.

Lin Baicheng then said to Maori Haruko: "Goldman Sachs, Citigroup and other small shareholders asked me to list New Century Software. After thinking about it, I felt that it would not be bad for me to list the company now, so I agreed and prepared to list New Century Software in the near future. Companies Listed."

"This is a good thing. Congratulations to Mr. Cheng. Your net worth will increase a lot."

Haruko Mouri congratulated her, but she had some doubts in her heart. Since she had decided to list New Century Software Company, there was no need to tell her specifically. After all, she had nothing to do with this company.

"The main reason is that I currently hold 75% of the shares of New Century Software. Even if the listing is diluted, at least 60% of the shares will be left. This shareholding ratio is too much, at least in the eyes of the outside world."

"Galaxy Games, my current shareholding ratio is 58%. Judging from the company's current market value of more than 10 billion U.S. dollars, my shareholding ratio is worth almost 6 billion U.S. dollars. This number is a bit too high. Look It’s too conspicuous, so we can’t make this mistake again this time.”

Lin Baicheng didn't realize it before, but after the total market value of Galaxy Games exceeded 10 billion U.S. dollars, Lin Baicheng realized that his shareholding ratio was too high. The value of his shares reached 6 billion U.S. dollars. This is definitely very conspicuous. A number, after all he is a foreigner and not white.

Although the market value of New Century Software Company when it went public was only a billion US dollars at most and basically impossible to exceed 2 billion US dollars, if Goldman Sachs and Citigroup join forces to speculate and drive up the company's stock price, let alone as high as With a market value of tens of billions of dollars, even if there is no market value of only five billion, at least 60% of his shares are worth three billion dollars.

In this case, the value of the shares held by Lin Baicheng in the two listed companies will reach nearly 10 billion U.S. dollars. It is scary to think about it and will definitely arouse the jealousy of many people. Even if Lin Baicheng is friends with the Xiang Party, he also has some cooperation in the United States. Partner, he is still not sure whether something will happen to him.

Once the mastermind behind the scenes connected Lin Baicheng's identity and net worth and hyped it up, arousing the hostility of the American people and the hatred of the poor against the rich, then Lin Baicheng, as a foreigner, would most likely be sacrificed.

Therefore, in order to prevent this from happening, Lin Baicheng must reduce his shareholdings and reduce the assets that can be easily detected on the surface.

"I didn't expect Galaxy Games' stock price to rise to such a high level at the beginning. Now it seems that your shareholding amount, Chengjun, is indeed a bit too conspicuous."

Maori Haruko strongly agreed with Lin Baicheng's words. Everyone did not think carefully enough at the beginning, but who would have thought that Wall Street institutions would actually increase the price of this stock more than three times in less than half a year.

You know, when Galaxy Games went public last year, the issue price was US$16 per share, but now the stock price has exceeded US$50, which is a terrifying increase.

Goldman Sachs and other institutions certainly have reasons to speculate, not only because they are shareholders, but also because the risk of inflating the stock price is not high. The company's annual profit of US$430 million, calculated based on a market value of tens of billions of US dollars, is not even high. to a price-to-earnings ratio of twenty-five times.

Such a price-to-earnings ratio is not high because the company's annual profits are relatively high. Institutions such as Goldman Sachs even stated in research reports that the current valuation is still low and the company is undervalued, in order to continue to increase the stock price and wait for a limit. After the sale expires, reduce holdings to earn more profits.

Lin Baicheng said: "So, this time I plan to transfer part of the shares to offshore companies and funds before New Century Software Company launches its listing."

"This will not only reduce the number of shares held by you, Chengjun, but also hold the shares separately. If the number held by each company is no more than 5%, it will be much easier for you, Chengjun, to reduce your holdings when the time comes. .”

Maori Haruko's eyes lit up, and she had to admit that this method was indeed very good.

Lin Baicheng nodded: "The shares transferred to other companies or funds can be exactly 5%. After the company is listed, the shareholding ratio will be diluted to less than 5%. This way it will be simple to reduce the shareholding."

Maori Haruko immediately asked: "So Cheng-kun, how many shares are you planning to transfer this time?"

"I plan to transfer 45% of the shares. Of the 45% of the transferred shares, 10% can be transferred to Wall Street institutions such as Goldman Sachs and Citigroup, just as the price of buying them. In this way, my apparent shareholdings are only The remaining 30% will definitely be less than 25% after dilution after listing. After the sales restriction expires, if I reduce my holdings some more, the shareholding ratio will be less than 20%."

The reason why Lin Baicheng talked about buying up Goldman Sachs and other institutions was because he knew that Wall Street institutions were not stupid either. If he suddenly sold a large number of shares before the company went public, Goldman Sachs and other institutions would definitely suspect that he was playing tricks on his left hand, which might affect the company. IPO plan, so I gave out some benefits and let them pretend they didn't see it.

Haruko Mori: "If you transfer the shares before the company goes public, they are likely to make a lot of money, so it shouldn't stop you from transferring the shares, Makoto-kun."

"Qingzi, while you and Sister Fang are responsible for the capital investment, I plan to slowly transfer the shares of some companies under my name to offshore companies or funds, and reduce my apparent shareholding ratio, so that if one day If I want the company to go public, I don’t have to suddenly and hurriedly transfer shares and leave too many traces.”

Lin Baicheng expressed his idea. This was something he suddenly thought of when he was preparing to let offshore companies participate in Blockbuster's financing a while ago. Later, New Century Software's preparation for listing made him more determined on this idea.

"Sister Shufang and I will take care of this matter." Maori Haruko responded.

Nodding, Lin Baicheng changed the subject: "How is the search for the president of Golden Fleece Company going?"

"We have found a suitable candidate, and we are still in contact with other people. It is expected that after we find three to five suitable candidates, Chengjun will conduct the final interview and decide on the final candidate."

Maori Haruko replied that of course she would not just find one person and let Lin Baicheng decide whether to choose this person. How would that be different from her making the final decision? It would be a violation of Lin Baicheng's rights, and she did not want to make a mistake.

"I will stay here for about half a month at most. You have to make good use of the time."

Lin Baicheng reminded aloud that the candidate for the president of Golden Fleece Company must have his approval. Once he leaves the United States, it will be more troublesome to interview him.

Maori Haruko said quickly: "There will be no problem with time."

"It's fine if there's no problem."

Lin Baicheng believed that Maori Haruko could handle this matter well, so he said no more.

"Mr. Cheng, this time Bill Harveys didn't do what you asked him to do. How are you going to deal with it?"

The two chatted for a few more words, and when the conversation was about to end, Haruko Mouri couldn't help but ask.

"Um?"

Lin Baicheng looked at Maori Haruko after hearing this: "Why do you care about this? You will know how to deal with it in detail soon."

Bill Harveys is the director of Lin Baicheng's secretariat in the United States. He has a very important position. Therefore, he will not let Haruko Mouri influence the changes in this position. He cannot allow Haruko Mouri's power to continue to expand. This will affect Haruko Moori is no good.

Yes, this is not good for Maori Haruko, because once Maori Haruko's power becomes too great and Lin Baicheng feels threatened, Lin Baicheng will either suppress Maori Haruko or freeze Maori Haruko, and then the relationship between the two parties will inevitably change, which is what he does not want. .

Lin Baicheng hopes that Mao Li Haruko will always be his confidante and right-hand assistant, so he cannot give Mao Li Haruko a chance, which is good for everyone.