Media Tycoon since 1999

Chapter 363
2005 has passed, and the New Year's bell is ringing.

On New Year's Day, Gao Yang took Shao Hanyun to Shudu to communicate with Boss Feng, planning to let Zhang Yue join 51 Group after the Spring Festival, and take charge of the new project of 51 Weibo.

Now the two parties are partners and a family. As the general manager of the CPI National Edition project, Zhang Yue must communicate well in advance.

As for Zhang Yue himself, he has long thought of working in 51 Group.

Because of this matter, you can't hurt your feelings for many years.

In Shudu on New Year's Day, Gao Yang chatted with Boss Feng, Yang Limin and others for a long time, and was drunk again, before he was about to leave a general like Zhang Yue.

Gao Yang also learned that in 2005, the two vice presidents, Song Liangqiu and Chen Xiangdong, and the project leaders such as Zhang Yue, led the CPI Beijing branch, and they were still able to make a performance of about 9000 million, which is already very good.

On the [-]nd of January, Gao Yang went back to Jinyang to visit Mr. and Mrs. Wu, as well as his second uncle Wu Guanghua and his wife. On the second day, he went to Anhe again to see the roads that had already started construction. The orchard in Shimen Village under renovation.

On January 1th, Gao Yang returned to the capital with his parents.

Firstly, Gu Yawen's due date is only 20 days away, and secondly, she has to go for a medical examination for her father Gao Yingxue.

It was only a year before Gao Yingxue became ill in the memory of his previous life.

In the past two years, Gao Yang arranged for Gao Yingxue to have a physical examination every year, not only looking for experts in the Beijing Hospital, but also in the Huaxi Hospital in Shudu.

The results of the examination showed that there was no problem. Gao Yingxue only suffered from chronic gastritis, and it was much better than in previous years. The disease rarely occurred, but it was difficult to completely cure it, so he could only recover slowly.

On January 1, Gao Yang and Gu Yawen accompanied Gao Yingxue to go to the Tumor Hospital of the Academy of Medical Sciences for a lung examination, but there was still no problem.

Gao Yang was not completely relieved either, he will have another inspection at this time next year, if there is still no problem, then it should be really all right.

On January 1, Fang Siwen and his party set off for Hangzhou to negotiate with the shareholders of Hengsheng Electronics on the transfer of restricted shares.

On the evening of January 1, Gao Yang received a call from Fang Siwen: "Mr. Gao, we have negotiated three times with major shareholders such as Huang Dacheng, Peng Gang, and Wang Jiang of Hengsheng Electronics in the past few days. Most of the founding shareholders are willing to negotiate to transfer their shares. , it’s just that I’m stuck now, and I can’t continue talking.”

Gao Yang asked curiously, "Where is it stuck?"

Fang Siwen said: "One is the consideration for the transfer, and the other is the nature of the restricted shares to be transferred. The two are related together, which is a bit complicated. Let me ask Mr. He to explain, she is more professional..."

He Shan received Fang Siwen's telephone report: "Brother Yang, the specific situation is as follows. The dozen or so founding shareholders of Hengsheng Electronics, after the share reform, hold a total of 6630 million shares of the listed company.

The sales restriction conditions are divided into two situations. One is that it can be listed and circulated on August 8 this year, with a total of 9 million shares.

The other one can only be unlocked on August 2008, 8, with a total of 9 million shares.

We are willing to negotiate an agreement to undertake the 2008 million shares that were lifted in 2363, and the shareholders of Hengsheng also agree. However, according to the transfer policy of the relevant restricted shares agreement, even if this part of the equity is transferred, the transfer cannot be done now.

Therefore, the negotiated equity transfer agreement has returned to the 8 million shares that were lifted on August 9 this year.

For the 4267 million shares, the other party agreed to transfer 2400 million shares by agreement. According to the relevant laws and the regulations of the exchange, after signing an agreement and going through the process, they can register and transfer at the settlement company.

Because there are still 7 months left before it can be circulated, even if we offer a high price of 7.5 yuan per share, most of the founding shareholders of Hengsheng feel that the consideration is too low.

Calculated based on the restoration price, for these shareholders, it is equivalent to 11.40 yuan per share, which is lower than the listing price of 2003 yuan in 15.5, and they also paid the consideration in the share reform this year, and the tradable shareholders received 10 shares for every 4 shares. share reform consideration.

Now, we are stuck here, and the other party is unwilling to give a clear quotation, but thinks that the consideration price of 7.5 yuan per share is too low..."

Gao Yang thought for a while: "How about this, I'll come over tomorrow and talk to the other party in person, you guys make an appointment."

After hanging up the phone, Gao Yang shook his head helplessly. These guys are unwilling to transfer their shares at a premium of 40%, so it's hard to get it done.

Then, Gao Yang called Shao Hanyun again and asked her to book a flight ticket to Hangzhou tomorrow.

"Going to Hangzhou?" Gu Yawen and Wu Ruohan were very curious.

Gao Yang nodded: "Yes, Fang Siwen and the others negotiated with Hengsheng Electronics about the transfer of shares, but got stuck, and the other party didn't want to show their cards, so I can only go and see the situation."

How important the investment in Hengsheng Electronics is to 51 Group, Gao Yang has already made it clear to the two girls.

On the afternoon of January 1, Gao Yang and Shao Hanyun appeared at the Sofitel Hotel on the east bank of the West Lake in Hangzhou.

It is very close to Hengsheng Building, the headquarters of Hengsheng Electronics. Hengsheng Building is on the south side of West Lake, across the Qiantang River.

As soon as they met, Fang Siwen was a little embarrassed: "Mr. Gao, I'm sorry, but I have to trouble you to go there yourself."

Gao Yang shook his head and smiled: "It's okay, you have tried your best, but our goal remains the same, let's continue talking tomorrow."

On the morning of January 1, Gao Yang and his party of five were picked up by vehicles sent by Hengsheng Company to Hengsheng Building. The person who came to greet Gao Yang was one of the main founders of Hengsheng Electronics, Huang Dacheng, the vice chairman of Hengsheng Group.

At 9:15 in the morning, the two sides started formal talks again. For Hengsheng, 12 of the [-] founding shareholders came.

After communicating for a while, Gao Yang discovered that the difference between the two parties was indeed the consideration of the transaction.

Gao Yang said: "Dear founders of Hengsheng, when Mr. Fang, Mr. Zhou and Mr. He came to negotiate on behalf of 51 Group, they have explained our purpose and sincerity in agreeing to invest in Hengsheng.

Today, I would like to explain again that 51 Group is an innovative Internet company with a total user base of over [-] million on each platform, and it took less than three years to do so.

The latest 51Guards launched just over a month ago has more than 700 million users.

We need to develop a third-party online payment platform. Taking this as an opportunity, we want to strategically invest in an excellent financial IT company to establish a long-term business partnership and achieve common development, rather than simply ordering a product.

For such a product, we can also organize our own technical force to develop it. We need to cooperate with a financial IT company with a wide range of industry customer resources for a long time, so we choose strategic investment as a shareholder.

The future development of 51 Group will also bring many opportunities for business cooperation to Hengsheng.

We first approached Hengsheng for negotiation because we recognized Hengsheng's professional and industry status, as well as its development prospects.

The financial IT industry is very large, and there are still many excellent companies. For example, Jinzheng, which was listed in the Special Economic Zone and Hengsheng in the same year, has not yet been listed. Kelan Software in Beijing and Dingdian Software in Fujian Province are all representative. .

Now, both of us are willing to enter into a strategic partnership, so we are stuck on the transaction price. Today, I am here on behalf of the 51 Group to discuss this matter. You may wish to be open and honest, and directly talk about the level of transaction consideration you expect..."

Huang Chengda said with a smile: "Mr. Gao wants to be open and honest, so let me talk about it on behalf of everyone. Hengsheng was listed on the A-share market at the end of 2003, just in the middle of a big bear market.

Our initial issue price per share was 15.5 yuan, yesterday’s closing price was 5.39 yuan, and the reinstatement price was close to 7.6 yuan.

We believe that this valuation does not represent the true value of Hengsheng Electronics. It is a distortion in a bear market environment. Hengsheng Electronics is a company with the strongest R&D strength, the largest revenue scale, and the best customer satisfaction in the industry.

As a result of our internal discussion, we believe that the transaction price of 12.5 yuan per share is a basically reasonable estimate for Hengsheng Electronics, and the reinstatement price is equivalent to 17.5 yuan, which is only 2 yuan higher than the original issue price. "

Gao Yang was delighted: "Boss Huang, at 12.5 yuan per share, compared to yesterday's closing price, or the average trading price in the past three months, the premium rate exceeds 130%.

The stock price in the secondary market is always the most important and intuitive reference. From an investment point of view, the market is right.

I have been investing in stocks for five or six years, and such a high premium rate is unheard of for a large share transfer of a listed company..."

Gao Yang is also convinced, the founding shareholders of Hengsheng Electronics have a really big appetite...

(End of this chapter)