Chapter 1511 (1/2)
In the evening, Li Dong and the person in charge of MIH also had a talk.
Compared with ABSA, MIH does not want to give up Teng Xun because of the different nature of its shareholding, nor does it want Teng Xun to collapse.
No matter how many shares ABSA holds, naspers, the parent company of MIH, will have surplus money in hand. These shares can be redeemed before the expiration of the pledge period.
So the more Teng Xun rose, the more MIH made.
On the contrary, the annual dividend profits they get are not dividends in name, but the interest paid by naspers to ABSA.
Because of the different nature of holding shares and the different benefits, they naturally consider different things.
In fact, ABSA is eager to use Teng Xun's equity in exchange for the opportunity to raise funds from afar and get excessive returns.
And MIH, in fact, hopes that the distant side can fail and give Teng Xun an opportunity to rise.
However, hope return to hope, Teng Xun today, but can not see this hope in a short time.
So MIH in the stock market a few days ago, there was no action.
In fact, it's hard to think about it.
MIH's strength is not too strong. Its parent company, naspers, currently has a market value of only $15 billion. In 2008, its revenue was only $3 billion, and its profit was less than $600 million.
The boss of naspers has acquired and invested many enterprises around the world in recent years. In fact, naspers doesn't have much money now.
According to the analysis of professionals, if Teng Xun does not have any breakthrough, and just waits for capital rescue, and wants to maintain the current stock price unchanged, the follow-up investment will be hundreds of millions.
The unit of this billion is US dollar, not Hong Kong dollar.
On the 4th, in order to maintain the price of HK $55, Teng Xun put in HK $1.2 billion, which was not a small sum even for naspers.
Ma Huateng dares to be rich, but investment institutions dare not.
For PE or VC oriented institutions, timely stop loss is very necessary, adding oil tactics is a big taboo!
Few investment banks will continue to support the enterprises they invest in when they are in crisis. It is the general trend of the whole industry to let the investment banks hit the rocks.
However, MIH is reluctant to give up Teng Xun's multi billion dollar stock, which was even worth $7 billion a few days ago, equivalent to half of the naspers group.
Now say to give up on give up, who can give up, who can be reconciled?
The conditions given by Li Dong are not unconditional compensation, but also financing means.
Financing, in fact, is also a synonym for risk.
PP listing, can really create more value than Teng Xun?
Financing PP, the current distant pricing is not low, and even if a miracle is created, what is the rate of return?
Accounting is the instinct of all investment institutions.
Calculate to go, MIH all found, abandon Teng Xun, take refuge in the distance, the rate of return is far from enough.
But the same, don't give up Teng Xun, also don't take refuge in the distance, if Teng Xun's own fiasco, then they are nothing, the loss is more serious.
Today's form is to either recover a little or lose all.
Of course, there is the last possibility, Teng Xun can still stand up!
As long as Teng Xun still has the hope of turning the tables, they can continue to support Teng Xun, and they can also obtain greater benefits. This is the most rewarding possibility among all the possibilities at present.
Holding the last glimmer of expectation, although MIH people talked with Li Dong for a long time, they still did not give a positive reply.
Before going out, the person in charge of the other party even said a standard Chinese sentence ”harmony makes wealth”.
In fact, there is no need to cooperate with Teng Li in the distance.
Li Dong laughed at this.
MIH people are still in a period of hesitation, he can understand, now it seems that the biggest hope is ABSA.
As long as the other party tries to make naspers give up the right to redeem Teng Xun's shares, and then sell, and no one takes over the offer, Teng Xun's share price will definitely fall again, even to the despair of everyone.
10.5% of the shares, which is not a small number.
What's more, ABSA, as the third largest shareholder, has sold off. Can other people still sit still?
Some of the major circulation shareholders who are still in the hesitation period will follow suit, and some shareholders who want to gamble will follow suit. In fact, a small proportion of those who really dare to gamble to the end.
Even if Ma Huateng and Teng Xun executives and MIH can stabilize, there are more than 30% shares of Teng Xun in the outside world. If the shares of more than 20% are finally sold, Teng Xun wants to keep the share price unchanged, at least more than 15 billion Hong Kong dollars will be needed to rescue.
This money is not a small sum for anyone, including Li Dong now.
Of course, some large investment banks are not afraid to gamble.But at this time, PP also started financing. Is it gambling on the invisible future or on PP with Li Dong's support?
That's why Li Dong said before that whether the two sides agree or disagree this time, he will open financing channels.
The main point is to cut off the rescue and gambling of these investment banks.
Moreover, the introduction of PP investment institutions, the strength will again surge, the strength of one side will be weakened, the strength of the other side will surge again, the winning rate will again tend to PP many, at this time, there are really not many people who dare to bet.
……
After seeing off MIH, Li Dong sat back on the sofa and said after a long time: ”three days, I'll reserve time for ABSA for three days, so that they can find a way to let naspers give up the right to redeem!
Three days later, no matter whether the other party has succeeded or not, and regardless of MIH's consideration, three days later, the official announcement of the news, PP financing!
Today Tengxun stock price decline is not big, the key lies in yesterday's influence.
And this kind of influence can not last too long. We are still in a wait-and-see state. On the one hand, we are watching Teng Xun's own actions, on the other hand, we are watching our actions.
Once we have a big move, Teng Xun's share price will fall again! ”
It's not the first time that Li Dong likes to talk to himself. In fact, this is not what he said to Bai Su, let alone to Tan Yong, but to himself.
Bai Su, who was standing on one side, didn't answer the question. Instead, he said in a low voice: ”Mr. Li, yu'ebao's news has been greatly hyped.
Online even in propaganda, yu'ebao has absorbed tens of billions of funds!
About your trillion fund plan, also in the Internet wantonly spread.
There are a lot of negative news on the Internet. Some people say that illegal fund-raising is involved in the distance. Some people say that it is a kind of damage to the financial system to exchange real money for virtual numbers.
There are also many people who want to disclose the specific information of yu'ebao, including the flow of funds.
Now, there is a new word on the Internet, self fusion!
Many people speculate that yu'ebao's capital may be used for its own development from afar, because it involves its own real industry, which is equivalent to financing its offline industry with online funds.
This is also criticized by many people.
There are even some well-known economic experts who are advocating the government to legislate to avoid risks ahead of time.
Before the new bill appeared, these experts suggested that yu'ebao, zhaocaibao and caifengtong should be restricted temporarily and should not be popularized on a large scale. They can be used as pilot projects in some regions.
And the other side also suggested that before the pilot project, each platform should pay a huge amount of margin to ensure the safety of platform funds.
This has also been supported and recognized by many people... ”
Li Dong nodded his head and said, ”this is not a bad idea. In fact, if it wasn't for us, I would have suggested it.
Internet finance has just emerged. At this time, it is easy to have problems if we can't strictly control and supervise risks in advance.
Let's say that the financing link, now they absorb less funds, if more, Teng Xun encountered such a big crisis this time, can they really resist not using this fund?
Even if through some programs, reasonable use of this fund, finally Teng Xun is finished, who is going to ask for the money?
Therefore, it is necessary to legislate, supervise, pay huge amount of margin and control risks.
What's more, to raise the threshold, we should not allow any enterprise to enter. Any enterprise should be qualified to build this platform.
Of course, that is to say, it is also for the good development of the entire market environment and the entire Internet financial industry
But now, we really don't have the money to pay this huge amount of deposit. According to their opinion, it takes at least several billion dollars to calculate the huge amount. At this time, where can we get the money to pay it?
What's more, it's very troublesome to restrict and carry out pilot projects in the whole country... ”
Li Dong said with a slight sigh: ”before, I thought that everyone would make a fortune together and make a big fortune with a dull voice. In any case, the three of us have interests to speak of. If we join hands, we will not have such a big disturbance.
But now, we don't take Teng Xun to play.
They don't want to take advantage of us. They even want to give us some trouble. It's normal.
I don't care about it for the time being.
Waiting for a response from the government.
Tell yuan Chengdao that they don't need to be hard headed this time. Once the government makes restrictions, we will compromise.
Now we can't afford to offend financial institutions.