Reborn Millennial Gamer

Chapter 425 A Great War Caused by a "Penguin" (4K)

After resolving the rift with Shanda, Lu Fei still didn't let up. In the past two weeks, he sat in Xinlang, supported Cao Guowei, and completed the transition from Wang Yan's old and new CEOs.

"This is his management reorganization plan. There are some names left in it, and there are also some names who want to be dismissed or transferred."

Xu Xin is also the vice chairman for the time being, putting a stack of documents on the table, building a new sales team, reforming the advertising bidding system, and being an online game agent...

Then he took out a few thin pages and asked:

"Are you really going to support the box project? This is where even Bill Gates and Microsoft fail."

"Is there a more suitable reconciliation condition than this?"

Lu Fei shrugged. As early as 99, at the turn of the millennium, Microsoft launched the "Venus Project".

That is, set-top boxes or VCD players with a simplified version of the embedded Windows CE operating system are fully sold to China, and the price is only about one-fifth of a PC.

Families who think that the domestic demand for computers is huge and cannot afford them will buy this cheap substitute. They never expected that China's economy will take off completely, and cheap computers will become cheaper and cheaper.

You can buy a computer these days, so who buys a set-top box?
"That's right, but his plan costs more than the acquisition of New Wolf, at least three or four hundred million, which is still a dollar."

Xu Xin immediately reminded that once the box plan fails, it will inevitably affect Shanda's stock price, and it may be a turning point from prosperity to decline.

"So now we need to find a buyer for the Shanda shares we hold." Lu Fei rubbed his chin with a serious tone.

"Microsoft is interested. Not long ago, Cisco even quoted a price, asking for 9.7%." Xu Xin asked, "How much should we sell?"

"10%."

Lu Fei took out a cigarette from the cigarette case, "Before Shanda announces that several online games of "Legend" will be permanently free."

"you're right!"

Xu Xin nodded knowingly. Before and after the merger, Shanda was in full swing, and its market value was stable at around US$20 billion. But once Legendary Games, which accounted for 31% of its revenue, was free, its stock price would plummet, and it would even trigger a panic-like sell-off on Wall Street.

After all, popularity does not equal wealth.

"My base price is 2.05 million."

Lu Fei said: "Below this price, no negotiation!"

"It shouldn't be a big problem. The "Dreamland" that I represent recently has good results." Xu Xin smiled and said, "How do you plan to spend the money, Ah Fei?"

Lu Fei raised his lips, already planning in his mind.

Facebook's A round is to be followed, Savarin's shares have to be swallowed, and youtube (youtube), Twitter, PASemi...

After thinking for a long time, I blurted out: "It's not enough."

"2 million is too little?"

Xu Xin couldn't help being astonished, and after recovering, he said: "Indeed, if you want to focus on semiconductors, this amount of money is really not enough, and Penguin's IPO is enough for you."

While talking, he changed the subject and asked where the penguins were listed.

"not decided."

Lu Fei spread his hands with a relaxed expression.

"Not yet? It's March now."

Xu Xin clapped his hands on the table, showing an expression of disbelief, but after thinking about it, he recalled the penguin's difficulties.

Buffett said that when investing in a company, the business model is the most important.

However, Penguin's business model cannot find a benchmark company in North America. The global instant messaging tools, from ICQ to MSN, are all crotchless, not to mention that they cannot find a profitable model, and they are not an independent company.

In the subconscious of Wall Street, Internet innovations must first appear in Silicon Valley or Boston, and other places are nothing more than plagiarism and reference of American innovations.

For example, the traffic value of QQ’s 5 million registered users and 1500 million simultaneous online users cannot be measured in the US stock market. The only things that can be measured are businesses such as wireless, online games, and portals.

Therefore, the tens of billions of IPOs are likely to be lowered.

"This is a factor. Key U.S. stocks have very strict requirements for information disclosure, which is very unfriendly to companies like ours that regard data as state and state secrets."

Lu Fei pouted, he didn't want to die like Didi.

Xu Xin said with a smile: "Then choose the Hong Kong Stock Exchange. The investors in Xiangjiang understand the value of Penguin better. Maybe once it goes public, it has a chance to become China's first Internet company that breaks the US$[-] billion mark."

"But the Hong Kong Stock Exchange does not support 'same share with different rights'."

Lu Fei shook his head and laughed, "Unless it can be reformed and accommodated."

"I understand. You are hanging on Hong Kong stocks and US stocks. It depends on which one has sincerity. Compromise first."

Xu Xin raised her eyebrows: "Which side do you lean toward?"

Lu Fei said: "Of course it's the Hong Kong Stock Exchange."

…………

Hong Kong, Hong Kong Stock Exchange Group Building.

In the conference room, the vice president and heads of various departments were all present, whispering in twos and threes.

"This scene is really rare. You said you called us all to discuss something?"

"What else can it be? The penguin is going public."

"Hey, where is Penguin scheduled to go public? Is there any news?"

"I heard that the chairman of Nasdaq, Bernard Madoff, is going to bring a delegation to China and invite Penguin to go public in the United States."

"Fake it? That's Madoff!"

"Look at our battle, could it be a fake? It must be really urgent, so we were all called here."

"..."

There were discussions all around, and all eyes were on the presiding chief executive, Zhou Wenyao.

Wearing gold-rimmed glasses, he is gentle, his face is expressionless, and his sharp eyes all indicate that the topic is not simple.

"Please keep quiet!"

"Everyone, please turn off your phone or mute it, thank you."

At this time, a staff member handed over a sign-in form.

Zhou Wenyao held it in his hand and glanced at it casually. The data showed that none of the executives who attended the meeting today was absent. This ratio is quite astonishing, and it also represents the importance that everyone attaches to this meeting.

"Cough cough!"

I don’t know how many high-level meetings I have presided over. When the time came, Zhou Wenyao cleared his throat with ease and started.

"Presumably everyone has more or less guessed the purpose of calling everyone together today. Yes, there is only one topic this time, and that is how to invite Penguin to be listed on the Hong Kong Stock Exchange."

"Please? I think Mr. Zhou is serious."

Xu Yingcai spoke Cantonese, and as the senior vice president of the local faction, his tone was full of pride:

"Heung Kong is an international financial center that keeps pace with New York and London. The Hong Kong Stock Exchange is the number one exchange in China. It has unique advantages and is irreplaceable. I can't think of any reason for Penguin to reject the olive branch of the Hong Kong Stock Exchange."

"Ahem, Penguin has a market value of tens of billions of dollars."

Chen Xiaowen, who was sitting on Zhou Wenyao's right hand, stood up.

"Wow!"

The "valuation of tens of billions of dollars" was loud and loud, and in an instant, there was an uproar in the hall. Many executives who were only limited to stealing chickens from Li Zekai had to re-understand and evaluate Penguin for the first time.

"Ten billion? Which institutions evaluated it?"

Xu Yingcai and other local factions were dubious.

"As far as I know, there are four, Goldman Sachs, Sequoia, Morgan Leeds, and Merrill Lynch. Many brokerages are vying to invite Penguin to list on the US stock market. That's why I want to find you."

Zhou Wenyao hit the table with his fist, and the noisy venue slowly quieted down. Everyone quietly listened to him pointing out that the market value of Penguin was more than the current price.

Tenpay, Singularity Chinese Network, QQ Yinyue, Line, Sogou, Wangyi, and countless Bangzi game companies, the entire Penguin Empire is comparable to Amazon and Google.

"In any case, Penguin must be listed on the Hong Kong Stock Exchange!"

A vice president next to Chen Xiaowen raised his arms and shouted. For a while, everyone responded, and no one disagreed, even Xu Yingcai and others who looked down on mainland companies from the bottom of their hearts.

Because even though the number of IPO listings on the Hong Kong Stock Exchange continues to rank first in the world, judging from the scale of fundraising, there is a lack of giant IPOs as large as Penguin.

There is no doubt that it is the sweet pastry among the sweet pastries.

"In addition to Hong Kong stocks and U.S. stocks, is it possible to list on the Shanghai and Shenzhen Stock Exchanges in the Mainland? Mainland officials will definitely not let go of the article about Penguin listing."

A person next to Xu Yingcai raised a question.

"impossible!"

Chen Xiaowen was transferred from the mainland, and he knew the inside story, but he denied it because the A-share reform was imminent.

What's more, A-shares have not yet had a board such as the Science and Technology Innovation Board, which can list Internet companies. It has always been a continuation of the VIE structure of New Wolf.

Anyone who wants to list on the A-shares must dismantle the VIE, and then participate in a long queue for review. Even if the green light is granted all the way, it will take more than a year and a half.

"Hmph, that's right! The Hong Kong Stock Exchange is the first choice for Huaxia Internet companies to go public."

Xu Yingcai raised his head and said with a smile: "Don't look at Xinwolf and Internet Arts, which are all listed on the Nasdaq. To be honest, Wall Street is more or less underestimated by Chinese concept stocks, and Penguin is the same. They are not like us, they can understand value of these companies."

"But there is one thing about US stocks that Hong Kong stocks don't have."

Chen Xiaowen pointed out bluntly that Penguin not only pursues a permanent partnership system, but also has different rights for the same share, which obviously violates the Hong Kong Stock Exchange's "same share, same rights" rule.

"To the point."

Zhou Wenyao nodded, "This item is very fatal. It is the key to Penguin's falling into the US stock market. Therefore, now we have to discuss whether we should give the green light to Penguin's multi-layer equity system?"

As soon as the words fell, more than [-] people in the audience immediately divided into two camps. One insisted that the law of the ancestors cannot be changed, and gave the green light to Penguin. Wouldn't it be a loss of Hong Kong Stock Exchange's dignity and face?
One insists on creating a special case for penguins, is it wrong to lick penguins?Big face, or the penguin father with tens of billions of dollars?

"Nonsense! Xiangjiang has never set a precedent for any company, why should it be changed?
The "Mr. Traditions" objected.

Soon, the "innovation pioneers" directly refuted that the Hong Kong Stock Exchange is too rigid, so there is no giant IPO, and it should keep pace with the times. The benefits of the multi-layer shareholding system are obvious.

"You can't sell the spirit of Xiangjiang just to win one or two large companies like Penguin."

The Hong Kong local faction on the Hong Kong Stock Exchange is quite dissatisfied.

Chen Xiaowen shot back: "It is for the future of Xiangjiang, there is nothing wrong with giving some privileges to the founders of new economic companies like Mr. Lu."

"We can't change the rules overnight to cater to newcomers. If we want to revise the rules, we must go through the public consultation process to ensure that the changes we make can stand the test of time."

Xu Yingcai took a step back, but he had to go through the process, euphemistically saying: Xiangjiang is a society ruled by law, and there must be laws to follow.

"After the revision is completed, Penguin will be listed on the US stock market!"

Chen Xiaowen smiled coldly, with a lot of disdain in his tone.

On both sides, you are fighting with each other, and no one can persuade the other. The noise is getting louder and louder, and the roof is almost toppled.

"Okay, okay! Quiet!"

Zhou Wenyao's ears were buzzing from the quarrel, and he slapped the table a few times intolerably. With a bang, the quarrel came to an abrupt end.

The entire conference room returned to silence, and the atmosphere was dignified and dull.

Although he had been psychologically prepared, he still couldn't restrain himself from sinking when he saw the increasingly gloomy faces of the people.

This is just the same shares with different rights.

Penguin also has a partnership system, which gives power beyond the board of directors, and more than half of the directors have to be nominated by Penguin's partners.

Even if permanent partners like Lu Fei and Lu Huateng sell their shares in Penguin, their voting rights will be reduced accordingly, and their status as partners over the board of directors will not be affected at all.

It's also just in case, like Liu Yandong, if he is framed by a mysterious force and loses part of his control.

Equivalent to double insurance!

However, this system, in the present, is shocking.

"Go ahead!"

Xu Yingcai took the lead in objecting, "This cannot be agreed to anyway, otherwise, how to protect the rights and interests of shareholders and shareholders, isn't it just the right to share dividends?"

"That's right!"

"That's it!"

The conservatives followed suit, and some activists stared provocatively at the innovative faction who had just supported Lu Fei.

Even they can't help but hesitate, because even Nasdaq has never existed, and it is simply unheard of.

Seeing that Chen Xiaowen remained silent, Xu Yingcai became even more arrogant, "We can't allow Lu Fei to break the rules of the Hong Kong Stock Exchange just because Penguin's IPO is high. No!"

"No, absolutely not!"

Chen Xiaowen hurriedly said: "From the robbery of Xinlang in the Shanda M&A case, we can see that Lu is always a strong person. If we reply like this, it will be tantamount to pushing Penguin to the US stock market.

At least!At least to retain the 'right to different shares'! "

"OK, OK!"

Zhou Wenyao sensed that the atmosphere was not right, so he raised his hand and pressed it down at the speed of light, "I heard your opinions, how about this, we will conduct a secret ballot within us first, and then report it to the Supervision Bureau..."

At this moment, the secretary came in a hurry, and the Nokia in his hand kept vibrating.

"Didn't you see that there was a meeting, anyone's phone..."

Before Zhou Wenyao finished speaking, the secretary replied in a low voice——

Financial Secretary on the phone!

Whether it was the old school like Xu Yingcai, or the innovative school like Chen Xiaowen, they were all shocked, some stared, some opened their mouths, some gasped, and some were full of doubts...

After a while, Zhou Wenyao handed the phone back to the secretary with a dignified expression, looked around and saw that the staff were distributing blank sheets of paper, and stopped him:

"No need to vote, we must try our best to get Penguin listed on the Hong Kong Stock Exchange!"

"Is it what the director means?"

Xu Yingcai's whole body trembled violently. The value of the penguin is so terrifying?

"The director said that there are new changes in the US stock market. Maybe around June, the NYSE will announce its merger with Euronext to form NYSE Euronext."

Zhou Wenyao said with a straight face, "They very much hope to invite Penguin to list on the new New York Stock Exchange after the merger."

"what?!"

The audience was in an uproar, and then fell silent.

It's Nasdaq and the New York Stock Exchange, all begging for nothing to be licking dogs for penguins, and the Hong Kong Stock Exchange dare not pretend to be arrogant anymore.

"But the question is how to fight for it?"

Xu Yingcai looked confused: "Are you really giving him privileges?"

"Is there any other way for you?"

Zhou Wenyao did not dare to imagine how much pressure the Hong Kong Stock Exchange and the Hong Kong regulatory authorities would bear after missing Penguin.

"Mr. Zhou, I don't think we should act rashly. I have heard a little about Mr. Lu. He is a very patriotic entrepreneur who can tell right from wrong."

Chen Xiaowen suggested to talk to Master Lu face to face.

Zhou Wenyao felt reasonable and nodded, "Recently, the Xiangjiang Legislative Council's Pearl River Delta delegation was invited to visit the Penguin headquarters, which can be arranged."

As he spoke, his gaze was fixed on Chen Xiaowen's face, and before he could speak, he took the initiative to ask Ying to go to Pengcheng on behalf of the Hong Kong Stock Exchange.

"Wow~"

The crowd applauded accordingly, and the applause was surging like a tide.

(End of this chapter)