Reborn in Hong Kong as a Tycoon

Chapter 664 Combining Benefits Both, Afternoon Tea (Two in One)

The next day is Saturday.

In the morning, Lin Baicheng learned from his personal secretary, Catherine, that Wei Li in London contacted him last night in London time, saying that he wanted to report to him about the progress of the acquisition of Bentley Motors.

There is an 8-hour time difference between London and Los Angeles, and the time in London is faster than the time in Los Angeles.

Wei Li called last night in London time. It was morning in Los Angeles. Lin Baicheng had already gone to Phil Smith's wedding at that time, and there was no time afterwards, so Catherine didn't report this matter to him. .

Of course, this is also related to the fact that Wei Li's matter is not very urgent, so Catherine waited until the next morning to report to Lin Baicheng.

Wei Li said that he will contact here at [-] am on Saturday morning in Los Angeles time, or if the big boss Lin Baicheng knows this in advance and has time, he can contact London. During the two hours of nine o'clock, I will stay in the hotel all the time.

"In this case, you should contact Wei Li now."

After hearing this, Lin Baicheng said that he would check the progress of Wei Li's acquisition of Bentley Motors every two days, so he knew where the progress had come. He guessed that there should be new progress, so he specially reported to him.

At present, the team led by Wei Li is divided into two groups. One group conducts more comprehensive research on Bentley Motors and evaluates the value of Bentley Motors.

In the other group, Wei Li personally led the team to negotiate with the Bentley family.

The Bentley family has the priority to repurchase certain shares of Bentley Motors, coupled with the influence of the Bentley family on Bentley Motors, the acquisition of Bentley Motors is inseparable from the Bentley family, so it is necessary to get the Bentley family.

Once an agreement is reached with the Bentley family, with the assistance of the Bentley family, not only can a clearer assessment of the value of the Bentley car be obtained, but also the Bentley car can be taken over more smoothly after the acquisition, so as not to cause turmoil due to the replacement of the controller of the Bentley car .

What's more, the Bentley family must have a certain influence in the auto industry and London. Whether it is the recruitment of R&D talents in the auto industry or maintaining the relationship between Bentley Motors and Downing Street, the Bentley family can contribute.

After all, London is not Hutchison Whampoa's home ground. If the Bentley family can be used as a partner, it will not do any harm to Hutchison Whampoa.

"Chairman, I've connected with President Wei Li."

After a while, Catherine and Lin Baicheng who were on the phone talked.

"Ok!"

Lin Baicheng walked over and took the microphone: "Wei Li, it's me."

"Boss Lin!"

Wei Li's voice came from the phone: "Good morning!"

Lin Baicheng got straight to the point and was not polite: "I heard from Catherine that you called yesterday and said that you wanted to report to me about the progress of the acquisition of Bentley Motors?"

"Yes."

Wei Li responded: "Yesterday afternoon in London time, we reached an agreement with the Bentley family."

"Very well, with the assistance of the Bentley family, Hutchison will acquire Bentley Motors sooner."

Lin Baicheng couldn't help being overjoyed after hearing this. He knew that Wei Li had reached an agreement with the Bentley family without reporting to him, indicating that the result of the negotiation was within the scope of the conditions he offered last time. Otherwise, if it exceeded the bottom line, Wei Li would definitely He will ask him for instructions, or continue to negotiate with the Bingley family, and it is impossible to agree rashly.

"The final results of the negotiations are as follows."

"The Bentley family will invest in the repurchase of 15% of Bentley Motors shares, and the funds required for 5% of the shares will be secured by the company as a guarantee for a bank loan with a guarantee period of five years."

"When the Bentley family holds more than 10% of the shares, they own two directors of Bentley Motors and participate in the company's daily management and operations. If the family members' abilities meet the requirements, one person can hold the position of vice president."

"When Bentley Motors is valued at £8 million, it has to go public and list on the London Stock Exchange."

"Members of the Bentley family can work in Bentley Motors, as long as they meet the requirements of the corresponding positions, they shall not be hindered without reason."

"The Bentley family."

The Bentley family offered many conditions that were beneficial to the Bentley family. Some of these conditions were agreed by Hutchison Whampoa, some were rejected, and some were agreed with restrictions after negotiations.

Of course, the Bentley family has conditions, and Hutchison Whampoa does not have conditions.

"The Bentley family must fully assist Hutchison Whampoa to acquire Bentley Motors from Rolls-Royce, and the purchase price has a range limit."

"All the patents related to Bentley cars held by the Bentley family will be sold or permanently licensed to Bentley cars, and Bentley cars will give corresponding bonus compensation after being authorized."

"After the successful acquisition of Bentley Motors, the Bentley family needs to assist Hutchison Whampoa to stabilize Bentley Motors, especially the management and automotive R&D department, and assist Hutchison Whampoa to retain excellent R&D talents."

"The Bentley family must use their contacts in London and the automotive industry to recruit various talents for Bentley Motors, and the relevant expenses will be paid by Bentley Motors."

"The Bentley family must."

Hutchison Whampoa asked the Bentley family to do a lot of things, and the Bentley family also agreed to some, but not to it, and some to a part of it.

The cooperation between Hutchison Whampoa and the Bentley family can be said to be beneficial to both parties. Therefore, both parties are negotiating with a cooperative attitude, and both parties have made concessions.

"Now that we have negotiated with the Bentley family, let's unite with the Bentley family and HSBC, and at the same time request the assistance of the Prime Minister's Office to negotiate the acquisition with Rolls-Royce. I hope that the negotiation can be concluded as soon as possible. This will benefit everyone."

After hearing this, Lin Baicheng said that it has been a while since Wei Li led the team to London, but it is normal that this kind of acquisition negotiation involving hundreds of millions of dollars cannot be completed in a short time, and Wei Li and the others will definitely stay in London for a while.

The acquisition negotiation with Rolls-Royce, even with the assistance of the Bentley family, HSBC, and the Prime Minister's Office, the acquisition cannot be completed within a few days. After all, it involves an acquisition of hundreds of millions of dollars, and every percentage point is millions of dollars. .

Wei Li said aloud, "Concluding the acquisition will benefit all parties. I believe the negotiation will go smoothly."

"After the acquisition is successful, I will celebrate everyone, and bonuses will also be indispensable."

Lin Baicheng painted a cake, which is a piece of cake that can be eaten. Maybe Wei Li himself doesn't care much about bonuses, but he must be very concerned about the income of the people below him.

Wei Li immediately said: "I'm here to thank Mr. Lin on behalf of the other members of the team. I'll announce the good news to them in a while. I believe they will show their enthusiasm."

"I'm waiting for your good news."

After Lin Baicheng finished speaking, he hung up the phone.

The time came to the afternoon in a blink of an eye.

Lin Baicheng went to Claure Rockefeller's house. Although he took his private secretary and bodyguards to Claure Rockefeller's place, when he entered the villa, he only brought Barry Diller with him.

As the president of the soon-to-be-established TV network, Barry Diller is one of the company's shareholders. When Lin Baicheng is looking for other partners for the company, he will definitely come over to talk to investors about his views on the development of the TV network, planning, etc.

Although the villa where Claure Rockefeller lived was incomparable to the manor where his parents lived, it was still a luxurious villa with a large area.

"Ellen!"

Following the servant, Lin Baicheng walked into the villa. In addition to seeing Claure Rockefeller, he also saw the newlyweds Phil Smith and Anna Nord who had come over, as well as Abigail Johnson.

As for Logan Rockefeller and Iwasaki Mineryu, I don't know if they haven't come yet, or if they have gone to other places temporarily.

"Miss Johnson, we meet again."

Claure Rockefeller and Phil Smith were acquaintances, so Lin Baicheng specially greeted Abigail Johnson.

"It's a pleasure meeting you again, Mr. Allen."

Abigail Johnson shook hands with Lin Baicheng. Regardless of whether she wants to participate in the investment today, the relationship between the two has been established.Before she came over, Claure Rockefeller told her about the project that Lin Baicheng invited her to invest together, and she was not ignorant of it.

Lin Baicheng asked aloud: "Where are Logan and Iwasaki-kun, haven't they come yet?"

Claure Rockefeller said: "Not yet, but it should be soon."

"Let me introduce to you, this is Barry Diller, who is still serving as the president of Paramount, but will leave Paramount after the end of this month, and form a TV network with me. He is also One of the shareholders of the company."

Lin Baicheng introduced Barry Diller to several people, and then solemnly introduced the four of them to Claure Rockefeller for Barry Diller.

"It's an honor to meet you all!"

Barry Diller's attitude is relatively low. From the surnames of several people, he can roughly infer the families they represent. He knows in his heart that if they join, the possibility of success of the TV network will be great. increased.

Claure Rockefeller and the others did not put on a high profile, not to mention that Barry Diller may be one of the partners in the future, just being one of the presidents of Paramount now is worth making friends with them.

Barry Diller is definitely not comparable to them in terms of assets, but since he can become the president of Paramount, it shows that he is very capable, and capable people are also worth making friends with.

A few people had just chatted for a while when Claure Rockefeller's wife and two children came over. Claure Rockefeller introduced his family to Lin Baicheng and Barry Diller and had a chat.

Lin Baicheng and others chatted for a few minutes, and Iwasaki Mineryu and Logan Rockefeller arrived almost at the same time. They were not late, but Lin Baicheng and others came earlier.

After the two arrived, Lin Baicheng and others did not continue chatting in the lobby, but went down to the garden led by Claure Rockefeller.This time, Claire Rockefeller's wife and children did not go with them.

Everyone came to the garden.

After a while, desserts such as bread, egg tarts, chocolates, and cakes, as well as drinks such as black tea and coffee were served.

Although it is said to drink afternoon tea, there is no rule that you must drink tea, and drinks such as coffee are also acceptable.

"Alan, I heard from my friend that your Star River Game Company is going to hold a party tomorrow night and invite shareholders?"

Everyone didn't talk about business right away, but drank tea and chatted first.

"good."

Lin Baicheng nodded and said: "The main reason is that I, the chairman, haven't communicated with the shareholders of the company for a while, and the relationship between people needs to be maintained, don't you think?"

"That's true."

Others took it seriously.

Abigail Johnson said: "It has been less than half a year since the listing of Galaxy Games, but the stock price has more than three times the issue price, an increase of more than 200%, plus it is still the Nasdaq market value. The highest listed company can be said to have attracted the attention of quite a few shareholders and institutions."

Regardless of whether it is a U.S. stock or a big A, whether it is an institution or a retail investor, they are all chasing stocks with an upward trend. Usually, the larger the increase, the more attention is attracted, especially in the U.S. stock market.

U.S. stocks can be shorted. If a stock has a large increase, some institutions will definitely think that the price-earnings ratio is too high, think that the stock will pull back, or there is a basis for a pullback, and then short.

If there is a short position, there will be a long position. When someone or an institution finds it profitable, they will compete with the short side and play a game.

And this kind of zero-sum game capital game, no matter which country it is in, will use outside the market to do whatever it takes to win. This is a normal operation.

"I remember that Galaxy Games has been listed for almost half a year. When half a year is up, many shareholders or executives will definitely choose to sell their stocks. The stock price of Galaxy Games is likely to usher in a wave of adjustments."

Claure Rockefeller talked about his judgment. Although he didn't know that Goldman Sachs and other institutions were planning to reduce their holdings of stocks after the sale restriction expired, he could guess that the profit of more than twice was enough to satisfy many people.

Phil Smith said: "Galaxy Games is actually pretty good. The company's revenue and profits are very high. I believe many people have greater expectations for it."

"I remember that Galaxy Games' net profit last year was 4.3 million US dollars, but the company's current stock price is more than 50 US dollars, with a total market value of 23.5 billion US dollars, and a price-earnings ratio of almost [-] times. This price-earnings ratio is not low." Abigail Johnson said.

Now is not the United States during the bull market period of the 20s, nor is it the Internet bubble period of the 90s. Currently, the price-earnings ratio of high-quality listed companies is usually between [-] and [-] times, and rarely exceeds [-] times the price-earnings ratio. More than fifty times the price-earnings ratio.

Of course, depending on the industry, the price-earnings ratio will also be different, and there will always be some seriously undervalued or seriously overvalued stocks, which cannot be used as a standard for comparison.

Judging from the normal price-earnings ratio of 23.5 to [-] times, Galaxy Games' current price-earnings ratio of [-] times is indeed not low. Although it is not very high, the upside is limited.

It is precisely because the current price-to-earnings ratio of Galaxy Games is not low that Goldman Sachs and other institutions have to reduce their holdings of stocks after the sale restriction expires.

The current stock price is 23.5 times the price-earnings ratio. When the institutions continue to hype and the stock price rises further, the price-earnings ratio will only be higher at that time, and the risk will also be higher. It is a matter of course for institutions to reduce their holdings.

As for the retail investors and other institutions that were cheated, it has nothing to do with Goldman Sachs and other institutions. Anyway, they have already pocketed the profits, which is the most practical.

(End of this chapter)