Chapter 1510 (1/2)
At 3 pm.
Peninsula Hotel.
Li Dong met the person in charge of ABSA in Xiangjiang.
ABSA bank has no business in mainland China, but has some business in Hong Kong and Macao, so it has an office here.
Few people in China know that ABSA is not weak in South Africa. However, in terms of overall strength, it is far inferior to several major state-owned banks in China.
In 2005, the British financial giant, the British financial giant, bought 56.4% of the shares of ABSA with 2.6 billion pounds. It can be seen that the overall value given by the British financial giant at that time was about 5 billion pounds, about 50 billion yuan.
Of course, mergers and acquisitions in the industry can't be completely based on money.
Some additional effects, sometimes beyond the impact of money, as a world-famous financial institution, the acquisition of the other side of the bank, ABSA is not looking at pure capital.
But in any case, ABSA's strength is not strong among peers, which is an indisputable fact.
Before that, Teng Xun's market value was nearly 20 billion US dollars, and the other party held 10.5% of shares, worth more than 2 billion US dollars, even equivalent to one-third of the value of ABSA in 2005.
But in just a few days, Teng Xun's stock, worth $2 billion, fell by a third instantly.
In a few days, ABSA lost more than $600 million!
Although it's just a loss on the book, I can watch the money disappear. Even the industrial and commercial banks have to suffer from pain, not to mention ABSA.
When Li Dong interviewed them in April, the reply given by ABSA was inconvenient.
Although optimistic about the distance, the general investment institutions will not invest in enterprises with overlapping business, which is not in line with their expectations.
At that time, even if PP financing, they would not participate in.
There is no reason to burn money on both sides and let one side lose at last.
However, at the end of April, three days before the Hong Kong stock market closed, ABSA saw Teng Xun's share price plummet one after another, and finally could not sit still.
At that time, their shareholding in Teng Xun was not a subjective one, but a passive one.
Their shares came from MIH's mortgage, or not MIH, but from naspers, MIH's parent company.
However, in recent years, Teng Xun's share price has risen rapidly, and naspers has not been redeemed. ABSA is also happy to continue to hold, and can get a lot of dividends.
And according to the original mortgage agreement, naspers wanted to redeem it at a high price.
Although Teng Xun's market value is good, the market value does not represent money. In fact, naspers has no money to redeem the shares mortgaged.
Originally, according to Teng Xun's continued upward trend, maybe after a while, naspers may have the idea of redemption, even if it pays some price.
However, with the emergence of Teng Xun crisis, stock prices plummeted.
Don't say that naspers has no money at this time. Even if there is money, the other party will not redeem it at this time.
ABSA has seen this trend. Naspers may choose to give up the mortgage. Once Teng Xun's share price falls to the bottom, ABSA will also suffer heavy losses. This is not the result they want.
……
In the hotel conference room.
Li Dong looked at the black man on the opposite side for a while, but he still sold a lot. Teng Xun's share price will definitely fall. It's hard to say whether he can recover HK $2 billion in the end, so that you will lose more.
In order to make up for your losses, after the opening of remote PP financing, you can finance PP with ultra low price
In Li Dong's impression, big old black is very silly and honest, but the big old black on the opposite side has not really brought him this impression.
As soon as Li Dong's voice dropped, the other party immediately asked, ”is PP financing a single PP or does it include your PP related industries?
Remote entertainment companies, wechat, video Even East Star Entertainment... ”
Laohei obviously did not have any understanding of the distance, or did a lot of homework in advance.
Even mentioned the ten thousand cartoon finally!
When he talked about ten thousand cartoon, Li Dong said: ”ten thousand cartoon is not included! In addition, Dongxing is not an industry under our banner, it is just a partner and will not be included!
PP related industries, reference Teng Xun on the line, in addition, we give you the information also have.
Wechat is included in it. As an international bank, you should also understand its meaning.
Once wechat breaks out completely on the mobile terminal, the effect is amazing.
This has also established our position as the leader of instant messaging. We have got the tickets in the era of mobile Internet in advance. We will not be defeated in the middle of the way like Teng Xun.
In fact, the remote combination of these industrial chains, but also far beyond the value of Teng Xun. ”
Big old black horse goes up: ”ten thousand cartoon does not include among them, PP industry does not have so high value...”Li Dong frowned: ”China's policy will not allow this. Even if I want to, I can't do it.
As for TenPay, it is different from us.
What's more, China will introduce some policies one after another. Before long, TenPay will also have to change its system. Don't say Teng Xun didn't mention it! ”
At the beginning, the third party paid for the license and got the third party to pay.
However, Ma Ge didn't kick out foreign capital directly like Ma Yun. Instead, he got payment license through some evasive means or Teng Xun holding.
But it will change sooner or later.
If we don't change it now, we must change it next time.
In future generations, wechat payment is different from TenPay. They are not a set of systems.
Of course, in fact, some things can't be avoided without policy reasons. They can be avoided by some legal means.
Why does Li Dong add ten thousand cartoons!
Anyway, just one meaning, PP is PP, 10000 cartoon is 10000 cartoon, the two are different.
Although the opposite big old black also knows this, but still some disappointment, does not include the cartoon PP industry, may also have great value, but the value is still greatly reduced.
Anyway, it's also a big group. It's not the first day to join Teng Xun. Who doesn't know how much value the Internet payment system has in these giant Internet enterprises.
However, before that, the other party has also made preparations for PP financing instead of 10000 cartoon financing. Li Dong made it very clear that he had just mentioned that he only had a glimmer of expectation.
Now Li Dong has definitely rejected it, and big old black has no choice but to continue: ”the specific financing scheme of PP is far away from here...”
”The total share capital is 1 billion shares, of which 200 million are used for financing, and the planned financing is 3 billion US dollars!”
As soon as this word came out, big old black on the opposite side began to frown.
Relatively speaking, Li Dong's offer is not high. After financing, the 20% shares will be worth US $3 billion, and the US $3 billion will enter PP rather than be taken away by Li Dong himself.
After calculation, the current valuation of PP industry is only about 12 billion US dollars.
For Li Dong, a black hearted guy, it's the price of conscience.
But at present, the other party only started the first round of financing, and will certainly continue to raise funds later.
How can we make money if we give such a high valuation before listing?
Even if surpass Teng Xun again how!
At the present stage, the addition of wechat is not enough to make up for the loss caused by the separation of payment system.
Teng Xun's market value before 20 billion US dollars, but that is the result of many years of listing.
No one can say what the final result will be if it is not listed.