My Age of Investment

In the end, Yang Niu returned to the United States alone.

Because there are so many things at Facebook, someone has to go back and see the big picture.

Xia Jingxing and Zhang Chenguang flew to the magic capital together.

the next day.

At Modu Airport, Xia Jingxing joined Liu Hai, who had rushed over from the United States.

Looking at Liu Hai who was not in a good state of mind, Xia Jingxing smiled and said with concern: "Is there no rest on the plane? I see that you have dark circles all over your eyes.

If you are told to book first class, but you do not, you have to squeeze economy class. "

Liu Hai waved his hand, "It's not in the way! It's important to do something, hurry up and go."

Xia Jingxing patted him on the shoulder and said with a smile, "It's hard work, when this matter is over, I'll give you a long vacation."

The three got into a rented Mercedes-Benz S-Class, Zhang Chenguang acted as the driver in the front row, Xia Jingxing and Liu Hai sat in the back row and chatted in a low voice.

"Jing Xing, you are well informed, Shanda is indeed absorbing Sina shares from the secondary market.

According to your instructions, we bought 1,218,800 Sina shares at an average price of $18.05 per share, accounting for 2.41% of Sina's total share capital.

The construction work has been completed, and a total of 22 million US dollars has been invested.

At present, Sina's stock price has soared to about 28 US dollars, and our floating profit exceeds 12 million US dollars. "

When talking about the figure of 12 million US dollars, Liu Hai looked very excited, and his slightly squinted eyes quickly widened again.

For financial practitioners, there is nothing more exciting than watching the money in the account grow rapidly.

He paused, and continued to speak with excitement: "Sina's shareholding ratio is very scattered, even the largest shareholder, Stone Company, their shareholding does not exceed 5%, only 4.96%.

As far as our shareholding ratio is concerned, we have also squeezed into the top ten institutional investors in Sina.

I think it is precisely because of the dispersion of Sina's equity that the newly-appointed richest man in China is thinking of acquiring Sina! "

Xia Jingxing nodded,

"His online Disney dream needs an online portal to make up for it.

Among the three major portals, Sina's equity is the most dispersed, and it is also the best target.

Don't talk about him, what about Shanda? What are they doing now? "

Liu Hai continued to report: "In Shanda's case, after you told us that we have to continue to build positions, we later added mortgage loans and made additional investments.

22 million US dollars were spent, a total of 1,036,800 shares were bought in Shanda, accounting for 1.46% of Shanda's total share capital.

At that time, the average purchase price was $21.22. Now Shanda's stock price fluctuates around $30, and the floating profit is probably close to $10 million. "

Xia Jingxing nodded. Since he remembered the "poison pill plan", he instructed Liu Hai and the investment and research team of Envision Capital to start deduction and analysis.

In the end, Vision Capital put out a total of 44 million US dollars to deploy the two companies, which is almost the limit of funds they can use.

In just two months of investing, the company has made a $22 million gain on paper, making a 50% return.

However, this is not the final yield.

The final income, we have to wait for the pocket to be safe, to know how much it is.

"Because we are the joint shareholders of Shanda and Sina, Shanda approached us and hoped that we would sell all of our Sina shares to them.

I see that Sina's stock trading volume is very active recently.

I'm guessing that, in addition to us, Shanda must have contacted Morgan Stanley, the common institutional shareholders of the two companies.

The two sides cooperated very well, one side shipped and the other side scanned the goods. "

Liu Hai smiled and asked again, "Do you think Sina's management is aware of this?"

"There should be some people who know it, deliberately pretending to be stupid and ignoring others."

Xia Jingxing has a very clear understanding of this event, which has left a deep impression on the history of China's Internet mergers and acquisitions, its causes, processes, and results.

Shanda contacted Sina in October 2004 to discuss marriage.

The bride price was not negotiated, and the bride was unwilling to marry, so Shanda directly overrode the king.

An internal operation called "Lightning Plan" was launched to quietly absorb Sina shares in the secondary market, with the intention of launching a hostile takeover.

At the same time, Shanda has also secretly reached a tacit understanding with various institutional shareholders of Sina, and even Sina and senior executives have reduced their holdings during this period.

In the end, the acquisition failed, and in the final analysis, the price was not negotiated.

As the common shareholders of Sina and Shanda, Envision Capital naturally contacted them.

At the same time, Chen Tianqiao said that he hoped to meet Xia Jingxing in person to discuss important matters.

…………

…………

Shanda company gate.

A slightly fat man in a suit in his thirties saw Xia Jingxing and his party appear, and greeted him with a smile, holding Xia Jingxing's hand, as if he had met an old friend, and said enthusiastically:

"Mr. Xia, I'm so sorry to bother you to fly from the United States. In the evening, I have prepared a little wine to clean up the dust for everyone."

Xia Jingxing smiled, he and Chen Tianqiao actually met for the first time.

But people's attitude towards ushering in and sending them is not ordinary at first glance.

As the richest man, he doesn't put on airs, and his words make people feel like a spring breeze.

Xia Jingxing was not embarrassed by the other party's enthusiasm. He also shook Chen Tianqiao's hand and said with a smile, "Mr. Chen and I have been friends for a long time. When I see you today, I feel very cordial..."

As long as you are not embarrassed, it is others who are embarrassed.

Xia Jingxing understands the truth well, isn't he thicker skinned than anyone else, who am I afraid of?

Liu Hai and Zhang Chenguang saw their eyes go straight from behind.

The two people who had only just met, actually became so affectionate.

Sure enough, no one who can succeed in business is an ordinary person.

Xia Jingxing met again with COO Chen Danian and President Tang Jun who were standing behind Chen Tianqiao.

The same is true for Chen Tianqiao. He didn't put on the spectrum of the richest man, and shook hands with Liu Hai and Zhang Chenguang one by one.

After a few words of greetings, Chen Tianqiao greeted Xia Jingxing and his party into the conference room.

"Mr. Xia, I'm talking quickly. Envision Capital is also a shareholder of Shanda. Everyone can benefit from Shanda's good development."

Xia Jingxing unscrewed the mineral water on the table and took a sip, nodded to Chen Tianqiao, and said lightly, "Yes, that's why we are here today."

Chen Tianqiao knew the other party's quick actions and the words he said.

So he set out to paint a blueprint for a grand online Disney empire.

Xia Jingxing didn't make any random comments, just nodded and smiled slightly.

In the eyes of outsiders, this is very agreeable with Chen Tianqiao's performance.

"To complete such a grand blueprint, we still lack one thing, something that has the right to speak and flow on the Internet."

Chen Tianqiao stopped and looked at Xia Jingxing with a smile.

"There is no big problem, on the consort's side, you have to blend it."

Xia Jingxing's words made Chen Tianqiao completely stunned. After a while, he came to his senses and said with a smile, "Mr. Xia, you use the word very well!

The concubine has long ceased to serve as COO, the equity has been sold, and the director has resigned.

She and the princess lived in seclusion in the United States and did not ask about the world for many years.

However, your reminder is very good, you should pay more attention. "

A little reminder, Xia Jingxing won a lot of goodwill from Chen Tianqiao.

In his opinion, Xia Jingxing still appreciates his online Disney writing very much, so he is very happy to bring Shanda and Sina together.

No wonder he can achieve some impressive achievements at a young age, but his vision is different.

After the big framework was reached, Xia Jingxing handed over the rest of the communication details to Liu Hai and let the latter connect with Shanda CFO.

Since it was a raid on Sina, Shanda could not adopt the slow and cumbersome stock acquisition methods such as transfer by agreement.

Shanda registered three companies, Skyline Media Co., Ltd., Skyline International Investment Co., Ltd. and Shanda Media Co., Ltd. in the Cayman Islands, using these three companies to secretly absorb Sina shares.

At the same time, Shanda also has an affiliated organization.

In this way, the acquisition of shares by multiple companies can avoid the obligation to disclose transaction information to the US Securities Regulatory Commission once the shareholding ratio exceeds 5% of the target company, so as to cover up the hostile takeover launched by Shanda.

In another office, Chen Tianqiao also told Xia Jingxing that they intend to take 19.5% of Sina's shares through these four companies, and then make an announcement directly to the SEC and the outside world.

Success or failure is here!

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