my fintech empire.

Chapter 655 [Mr. Zhang: I refused at first]

At 14 o'clock in the afternoon, Souhu held a press conference.

Mr. Zhang and Chen Yu, the head of Quantitative Capital, attended the event and officially announced that Souhu will sell all the shares held by Sougou to Quantitative Capital at a cash price of 30 billion U.S. dollars.

When Mr. Zhang personally announced this matter at the press conference, the reporters present all exclaimed.

This deal, $30 billion in cash?
It is equivalent to RMB 188 billion, and it is all cash.

At the press conference, Mr. Zhang said to the media: "I rejected the decision to sell Sogou at first, but the quantified capital is really too much, and I can't pay 30 billion US dollars in cash. If you refuse, all of Souhu's shareholders will not be able to refuse."

The media reporters present were stunned, their faces were dull, and they called out in their hearts what a guy!

Everyone looked at the handsome young man sitting next to Mr. Zhang, and a reporter seemed to see two words on Chen Yu's face - local tyrant!
He should be given sunglasses and a gold chain.

Immediately afterwards, the two parties held a public signing ceremony. Both parties were afraid that the other party would go back on their word, so they quickly settled this matter completely. The efficiency of this transaction can be called the speed of light.

At this moment, it was 14:27, and the news reached the capital market, but the stock price of Quantitative Capital plunged in response.

As soon as this news spread, it was regarded as a bad news by the capital market. A while ago, the company’s stock price collapsed when it crossed borders to play graphics cards. In the end, the company’s stock price was able to buck the trend and get out of the second wave of market performance. Getting out of the third wave of market is relying on the super high evaluation of God K.

If you don’t do your main business investment transactions well, it’s fine to use a graphics card, and now you’re going to cross-border to do an Internet search engine?If this can be tolerated, investors can't bear to buy Sogou Search for 188 billion.

Based on last year's 10 billion net profit, it will take 18 years of net profit to pay for this transaction?

At around 14:34, major market software pushes news:
[Quantitative capital plunged to the limit in the afternoon, and the current turnover exceeds 39 billion. 】

At this moment, the stock was locked at the price limit of 62.21 yuan, almost out of the quasi-day floor.Quantitative Capital has just stepped into the 869.69 billion club today, and its market value has shrunk to [-] billion yuan.

The Hundred Billion Club experience card expires in half a day.

……

After the press conference, the transaction quickly spread to the Internet technology circle, and also spread to the investment circle, which caused a sensation in the industry and many investors, and everyone was dumbfounded.

Mr. Zhang’s sentence at the press conference, “At first I refused, but quantitative capital gave me too much” became a famous scene, which was retweeted by melon-eating netizens and became a hot new meme.

Netizens who watched the excitement from the outside world joked that the stubborn Mr. Zhang was still defeated by Chen Yu's "money ability". More is paid within a month.

The US$30 billion is about 188 billion yuan, excluding exchange rate changes, which is cash payment.

No wonder Mr. Zhang couldn't refuse. As soon as we met in the morning, he made an official announcement and arranged a signing ceremony in the afternoon.

The stockholders who entered the market today to intervene in quantitative capital as a relay are wailing, and everyone basically agrees that the third wave of the market leader in today's quasi-ground is about to peak.

Moreover, it has also achieved a ten-fold stock achievement. With such a sudden bad position, coupled with such a high position, no one dared to take the offer.

The most important factor is that when news of mergers and acquisitions comes out, most companies will suspend trading.

Right now we are in the emotional game stage, and everyone is easy to get on top of, the atmosphere is the most important, this suspension of trading can only be said for a few months, it is self-evident that the blow to emotions is self-evident.

After a few months, the popularity is long gone.

So as soon as the news came out, the expected suspension of trading hit the market sentiment very badly, and the short-term game funds were basically bearish.

At the same time, the goose factory was also very confused. Even the management of the Sogou subsidiary failed to receive news of this matter in the first place, let alone the goose factory.

The goose factory was furious when a quantitative capital came out halfway, which undoubtedly directly disrupted the original deployment plan of the goose factory.

I really don't understand why Chen Yu bought Sogou at a sky-high price of 188 billion.

Entering the search engine market?

Is this cross-border addiction?
Not only Goose Factory can’t understand the operation of quantifying capital, but many people in the technology circle and even people in the investment circle can’t understand it.

……

On the next day, on Thursday, May 5th, Quantitative Capital’s auction opened and directly shrunk to a one-word limit. The stock price fell to 30 yuan, and the market value shrank to 55.99 billion.

The people who entered yesterday, including the two hot money, were also bored.

On Friday, May 5, which is also the last trading day of this week, Quantitative Capital once again dropped the limit, and the stock price fell to 31 yuan. The cumulative decline in three days was -50.39%, and the market value shrank by only 33.32 billion.

At around 12:[-] noon, Quantitative Capital issued a blockbuster announcement: "Announcement on Focusing on Planning Major Asset Restructuring Matters"

According to the content of the announcement, the SOCL department of Xingyu Technology was packaged and split as a whole, and the quantitative capital was transferred to 12.5% ​​of the company's total share capital and exchanged. Capital, and Sogou Search were reorganized and merged into Quantitative Capital.

The major asset restructuring proceeded smoothly, the company was not suspended, and the secondary market traded normally.

The disclosure of this announcement exceeded the market's expectations, and it was unexpected that the trading would not stop.

As soon as the market opened in the afternoon, the stock price of Quantitative Capital was quickly pried open, rushing up to the price of 53.63 yuan, and the decline narrowed to -4.21%, but then fell back again, and fell to the limit again in the last 15 minutes or so of the late trading.

The lower limit was closed again, and the people who risked their lives to come in today were dumbfounded, and the comment area was full of wailing.

[I'm not playing anymore, return my money and let me out! ]
[Surprise is not surprise, surprise is not surprise?All the ones that come in today are leeks! ]
[Chen Yu, are you messing with me? ]
[Isn't it called Mr. Chen now? ]
[I just came in to do a relay, and the backhand bored me thirty points, why did you treat me so cruelly...]
[Hahaha……]
[Asset reorganization, major benefits, counting boards (Gou Tou Bao Ming.jpg)]
[count board?Oh, you said count down to the floor, then it’s all right...(cover your face.jpg)]
[It’s the first time I bought a stock for asset restructuring, speechless, I spent more than 180 billion to buy Sogou, but I just bought it from Sohu’s hands instead of a 100% acquisition, speechless, speechless, other people’s restructuring votes are doubled , The restructuring ticket I bought was cut in half. ]
[Don't panic, it's a technical adjustment. ]
[After taking the last stick, I was bored three times, admitting it! ]
……

At the same time, Quantitative Capital headquarters.

In the president's office, Chen Yu's assistant knocked on the door and came in, handed him a document and reported: "Mr. Chen, regarding the acquisition of Sogou, the other small and medium shareholders of Sogou want to sell their equity to Quantitative Capital."

Except for Teng Xun, the remaining small and medium shareholders were jealous and wanted to sell their shares to Quantitative Capital.

In fact, it's not just as simple as jealousy, but also to quit in a hurry.

The company was bought by Quantitative Capital, so it is unclear what will happen in the future. The uncertainty is too great. At the moment, Quantitative Capital is bold, and it is the wisest choice to sell the shares and withdraw.

Mr. Chen said with a faint smile: "Hehe, it's pretty nice to want to get it, and treat my quantitative capital as a big wrong? They want to sell it to me. Yes, they can make the price based on the overall valuation of 10 billion US dollars. If they are willing to sell, we will buy it."

The reason for setting such a high price before was to take control of Sogou in a flash without giving Teng Xun or others a chance to respond, but now Sohu has packaged and sold all the shares held by Sogou to Quantitative Capital. Have absolute control over the company.

Chen Yu would not be so stupid as to give away money for free. If he wanted to concentrate his shares, there would be ways in the future.

The most important thing is that Chen Yu judged that those small and medium shareholders would definitely sell.

Because Quantitative Capital has no experience in search engines, after buying Sogou, it has no plan to keep the company as it is, but will split and reorganize.

Under such circumstances, risk control is too difficult, and investors generally don't dare to play with Chen Yu.

Chen Yu himself started out as an investment trader. Knowing that capital seeks advantages and avoids disadvantages, there is a high probability of running away, so he must have made a decision.

……

(End of this chapter)