I was born again with 100 million

Chapter 503 Opponents and Advantages!
"Nan Peng is here, come in and sit down."

Back in the building of Eternal Technology, Lin Xiao saw Shen Nanpeng waiting outside the office, and immediately called him into the office.

"How is Wanjia's due diligence going?"

After taking his seat, Lin Xiao went straight to the topic and asked Shen Nanpeng.

"The general business situation has been figured out, and the rest of the legal relationship and other aspects, my preliminary understanding should not be a big problem, so I will come back and report to you first."

While talking, Shen Nanpeng handed a piece of information to Lin Xiao.

"Wanjia Chain is a high-quality asset within Vanke Group, and in 2000 it ranked between 20th and 25th among national retail companies.

Because the annual report for the whole year has not yet come out, it is currently estimated that the annual revenue will be 16 billion and the net profit will be 3529 million. The main reason for the low net profit is that the company's expansion has taken up profits. "

Lin Xiao looked at the information while Shen Nanpeng introduced it.

Hearing this, Lin Xiao couldn't help but asked Shen Nanpeng: "Did Vanke say what was their main reason for selling Wanjia? After all, it's good to keep such high-quality assets in their hands."

"We have known about this." Shen Nanpeng nodded and replied, "The main reason is the lack of funds."

"Vanke's two largest businesses are real estate and retail, and both businesses are developing very well and are in a state of expansion.

With Vanke's current capital, it is not enough to support the expansion of the two major sectors at the same time, and they chose real estate. "

Lin Xiao can understand this point. If he had to choose between real estate and retail, he would naturally choose real estate.

Next, China's economy will enter an era of high growth, and the corresponding real estate and retail industries will indeed usher in rapid growth, but there is no doubt that the growth of real estate will be even faster.

Wang Shi has worked in the real estate and retail fields for so many years, so he naturally has his own judgment on these trends.

"At present, if we really want to develop the retail industry, Wanjia is definitely a high-quality asset suitable for taking over." Shen Nanpeng continued to analyze and explain at this time.

"Wanjia has achieved the current scale by only using 5 large supermarkets with an area of ​​about 8 square meters. They are highly recognized by customers and the management is very standardized. According to Wanjia's plan, they actually plan to In the next two years, five to eight new large supermarkets will be opened in Pengcheng, Guangcheng and other places.”

"Of course, the premise is that the funds must be secured, because according to the scale, the investment of each company is about 3000 million to 5000 million."

Lin Xiao listened to the data analysis that Shen Nanpeng brought back, and he also had some idea about the whole Wanjia in his heart.

Indeed, Wanjia Chain is a very high-quality asset, both in terms of industry prospects and its own business management are very good.

If it really enters the retail industry, it will be able to enter the second-tier echelon of the industry in one fell swoop by taking the acquisition of Wanjia Chain Store as a springboard.

Now, the only thing Lin Xiao cares about is two, and he also directly asked Shen Nanpeng: "What is Vanke's initial valuation for the sale of Wanjia? Are there any other competitors?"

"Let's talk about competitors first." Shen Nanpeng replied directly, "What we have learned so far is that China Resources Group has already had contact with Vanke to a certain extent. China Resources itself is one of Vanke's major shareholders. At this point, they It has a big competitive advantage.”

When Lin Xiao heard this, he nodded immediately. He knew that China Resources was indeed the biggest competitor in the acquisition of Wanjia, because in the previous life, China Resources finally completed the acquisition of Wanjia in 2001.

Not only does he know this, he even knows the approximate price of the transaction between the two parties.

Shen Nanpeng didn't know the meaning behind Lin Xiao's smile, so he just continued, "Let's talk about the valuation."

"Wanjia's current revenue scale and complete operation and delivery capabilities, coupled with the company's profitability, I think they may report a price-earnings ratio of more than 15 times, so the valuation of the entire company is very likely to be more than 5.3 million yuan. "

Hearing this data, Lin Xiao glanced at Shen Nanpeng, deeply moved.

Before that, he only knew that Shen Nanpeng was very good, but now he really communicated, and Lin Xiao realized where Shen Nanpeng's real strength is.

Because Lin Xiao remembers very clearly that in the previous life, Wanjia was finally acquired by China Resources at a valuation of 18 times the price-earnings ratio.

As for Shen Nanpeng's analysis, although there is a difference, it is actually very close.

So at this time, Lin Xiao simply asked: "Nan Peng, analyze it. Compared with China Resources, what are our advantages?"

Shen Nanpeng nodded, and then turned to Lin Xiao and asked back: "Mr. Lin, if you really want to acquire the Wanjia chain, what is the main body of the acquisition? Eternal Group?"

"It's not the Eternal Group." Lin Xiao shook his head.

"The Eternal Group has just been established, and the Internet and consumer electronics are still on the rise. At this stage, I have never thought about adding retail to the group. I have made the group's business so complicated. It's not a good thing."

"Then who is the buyer?" Shen Nanpeng asked curiously.

"Well, let me tell you about the company and capital in my hands first." Lin Xiao said to Shen Nanpeng with a smile at this time.

Originally, he wanted to talk to Shen Nanpeng about this matter, after all, he wanted the other party to help him take charge of the investment.

"The one you know best is the Eternal Group, which contains Eternal Technology and Eternal Network. I won't talk about that."

Lin Xiao smiled, and said to Shen Nanpeng: "I also have an offshore investment company registered in the Cayman Islands, called Future Investment, mainly Yumo is in charge, and the asset size is probably in the early billions. "

Hearing Lin Xiao's words, Shen Nanpeng was surprised.

It's just over one billion yuan. Although Lin Xiao didn't say the specific number, you can tell that it can be converted into Huaxia currency, which may be on the scale of tens of billions.

Before, he thought that Lin Xiao's Eternal Group was Lin Xiao's biggest business, but he never expected that Lin Xiao actually had an investment company of the same size in his hand.

"There are also scattered investments, such as investing in your Ctrip."

Regarding future investment, Lin Xiao didn't expand on it, including ASML and Huaxin Technology. He invited Shen Nanpeng to come over, and he didn't ask him to be in charge of future investment.

"Then in the retail industry. In my hometown Jiangyou Province, I have established a retail chain company called Guoguang Chain Supermarket, and I am preparing to open the first large-scale supermarket. This is invested by me personally."

Lin Xiao continued: "So this time, if Wanjia is acquired, it will be acquired in the name of Guoguang, or simply put, it will be acquired in my own name."

After hearing this, Shen Nanpeng was silent for two seconds, and finally couldn't help laughing and asked: "Boss Lin, how much money do you have?"

Shen Nanpeng was really surprised. Leaving aside an ancient group with a revenue of over [-] billion, and an investment company with a scale of [-] billion, now Lin Xiao told him that he wanted to acquire Wanjia in his own name.

I just said that Wanjia's valuation is at least 5.3 million yuan. According to this algorithm, it means that Lin Xiao personally has at least 5 million yuan in liquidity.

This……

Shen Nanpeng had stayed in a financial institution before and met many rich people, but at this moment, he was indeed shocked by Lin Xiao.

Reminiscing that Lin Xiao started his business only for more than two years, he doubted where Lin Xiao got the money from.

Hearing Shen Nanpeng's words, Lin Xiao also laughed.

He also understood the meaning of Shen Nanpeng's words. To be honest, in fact, Guoguang Chain didn't have so much funds, and it was simply not in his own hands.

After using part of the money that was invested in dividends in the future and investing a part, he still has 4720 million yuan in his hand.

But he doesn't have it personally, but he has it for future investment.

Although Lin Xiao does not plan to use Future Investment to acquire Wanjia considering that Future Investment does not want to be exposed so early, but Lin Xiao can use the money from Future Investment.

Because the future investment is two shareholders, Lan Yumo definitely has no objection to Lin Xiao transferring the money out for acquisition in his own name.

At most, the dividend will be divided again in proportion.

In fact, Lin Xiao had already mentioned it to Lan Yumo before, but Lan Yumo said that the money was originally Lin Xiao's principal, and she would not pay any dividends.

Just like the [-] million yuan that Lin Xiao reserved for e-commerce, it was also transferred directly to Lin Xiao's account.

The funds in the future investment account are enough for Lin Xiao to acquire Wanjia. After Pearl invested in Huaxin Technology, there is still 9468 million yuan in the future investment account, which is equivalent to 7.81 million Huaxia currency.

So when Lin Xiao heard what Shen Nanpeng said, he immediately said with a smile: "It's hard to say how much it will be, but it should be enough to acquire Wanjia wholly."

When Lin Xiao said this, Shen Nanpeng immediately followed up and said: "If this is the case, I think my advantages and disadvantages are very obvious compared with Huarun."

"The disadvantage is naturally the background of China Resources Group, and he is a major shareholder of Vanke. With this relationship, if the situation is the same, it is more likely that Vanke will sell the Wanjia chain to the other party."

After Shen Nanpeng finished speaking, he smiled at Lin Xiao and said: "And our advantages are also obvious. The first is sufficient funds. In fact, even if China Resources is an acquisition, they may be able to spend 5 to 6 million at a time. Not high either."

"The funds of these big companies are not so easy to deploy."

Lin Xiao nodded, large revenue, large scale and large cash flow are two different things.

In the previous life, when China Resources acquired Wanjia Chain Store, it seemed that the purchase price was paid off in two installments, and the time span also reached more than half a year.

In contrast, the sufficient funds in Lin Xiao's hands are indeed a very big advantage.

"The second point actually has something to do with China Resources being a big company." Shen Nanpeng continued at this time.

"Large groups inevitably have more complicated procedures. They need to go through more processes to make decisions. In this regard, they are far less flexible than you, Mr. Lin, who can make decisions on your own."

Lin Xiao agrees with Shen Nanpeng's statement, and his side is indeed much more flexible than China Resources.

For example, if the two companies offer the same price, Lin Xiao can make a decision directly if the price needs to be increased by 1000 million, while China Resources may have to go through certain procedures.

This advantage, in the negotiation, is actually very beneficial, and can occupy a very large initiative.

"In fact, there is another very big advantage." Lin Xiao smiled at this time.

"Oh?" Shen Nanpeng was a little surprised when he heard Lin Xiao's words. He didn't understand what Lin Xiao was referring to.

You know, the two points he analyzed are almost Lin Xiao's biggest advantages.

But this time, Lin Xiao said that there was still a very big advantage, which made Shen Nanpeng very curious.

Seeing Shen Nanpeng's expression, Lin Xiao chuckled inwardly. This advantage is something that no one else would think of anyway, and that is the advantage of his rebirth.

Because he was reborn and knew some details of China Resources' acquisition of Wanjia in his previous life, he was able to judge some things.

Facing Shen Nanpeng's gaze, Lin Xiao said, "This advantage is that I know the general plan of China Resources' acquisition and their highest price."

"Boss Lin, what did you say?" Shen Nanpeng heard that, the original curious expression suddenly became astonished, and then became a little surprised.

"Do you know China Resources' plan and the highest offer?"

It is no wonder that Shen Nanpeng has such a reaction. He is also a competitor in the acquisition. If Lin Xiao can really know the acquisition plan and the highest price of China Resources, it means that during the negotiation, it is absolutely possible to give Wan Wan the proposal of China Resources. Best offer.

While offering the same price or a slightly higher price for China Resources, and at the same time offering a better plan than China Resources, it will undoubtedly occupy a huge advantage!
"Yes!" Lin Xiao nodded and said, "China Resources' highest offer for this acquisition should be around 18 times the price-earnings ratio of Wanjia."

"About 18 times, then the valuation is 6.35 million." Shen Nanpeng quickly calculated.

Lin Xiao went on to say at this time: "For this acquisition, China Resources has another idea: to only acquire the shares held by Vanke, and not to acquire the shares of the remaining minority shareholders."

Shen Nan quickly calculated again, "Vanke and its affiliated companies hold 72% of the shares. I can also understand that the funds that China Resources is willing to use for the acquisition of Wanjia are about 4.574 million yuan."

But Lin Xiao continued to say at this time: "There is another key point, the entire acquisition of China Resources will not be paid in one lump sum, but may choose to be paid in two installments.

Probably a ratio of 37 or 46, and then in about half a year, all payments will be made. "

After Lin Xiao finished speaking, Shen Nanpeng's face was full of shock and excitement.

The shock was that Lin Xiao was able to know such a detailed plan of China Resources, almost all the key elements were complete.

The excitement lies in the fact that he originally thought that the competition with China Resources had little chance of winning this acquisition, but if Lin Xiao really said what he said, the difficulty would be greatly reduced.

However, Shen Nanpeng was more rational after all. He looked at Lin Xiao again, and asked seriously, "Boss Lin, is your news accurate?"

"It's roughly like this. I can't say it's 90.00% accurate, but there are still more than [-]%." ​​Lin Xiao replied.

After Shen Nanpeng heard it, he immediately said with full confidence: "Mr. Lin, if what you said is accurate and you can guarantee the funds, then I am more than 90.00% sure to win this acquisition!"

Said, Shen Nanpeng said half jokingly and half seriously: "The only exception is probably that China Resources used their influence to buy and sell by force."

"Forcing buying and selling depends on whether we agree or not." Lin Xiao smiled and said.

"That's fine, Mr. Lin, I'll book a ticket to Pengcheng right away, and try to negotiate the matter in the shortest possible time. When the final decision is made, you may be asked to come, Mr. Lin."

After Shen Nanpeng finished speaking, Lin Xiao responded directly, "No problem!"

Lin Xiao also knew that in the final negotiation stage, he had to decide where he was, so that he could truly reflect the flexibility compared with China Resources.

(End of this chapter)