King of Capital

Chapter 46 Talking about Money with Tencent

Fan Haonan cried.

After completing the due diligence on Thursday afternoon and returning to Shanghai, they worked non-stop all night to write the report. On Friday morning, they attended the report meeting with full confidence. After a show of hands by the four instructors, Zhao Mengche's team won this round of simulated M&A assessment.

Fan Haonan's mentality collapsed and he cried loudly, completely forgetting that he had advised everyone the night before to remain calm and face problems bravely while standing and speaking without any back pain.

She couldn't understand why Ms. Jin Yan, general manager of Xiaoma Pentium, who attended the meeting as the buyer's representative, praised Zhao Mengche's team's seemingly poor merger and acquisition plan so much. She was even in such a good mood that she joked that Zhao Mengche and Song Anli had such great images that they could debut as stars.

However, they were dismissive of the "Due Diligence Report" written by Xie Jingxing himself. The more than ten pages of risk warnings they wrote clearly stated that Changbai Energy was not an ideal M&A target!

"Pony.com only needs an M&A proposal to appear on the show. This is not our problem. We have done our best. At least our colleagues in the compliance department are on our side."

In the office, Shen Xin handed over tissues to comfort him, but in fact she was in a bad mood too.

Xiaoma Pentium needs to explain to investors with a seemingly feasible merger and backdoor listing plan, and Juntai needs to make profits from projects to pay employees salaries and bonuses... Both parties' demands will be met and it will be very harmonious.

Therefore, factors that destroy harmony must be swept out, even if that person is a young man with extraordinary abilities and prominent family background.

This is the game of capital, so ferocious and brutal that people are helpless. It is not affected by any individual’s will and will always go hand in hand with the interests of the biggest players.

"Risk control and compliance, I must work in these two areas of business in the future." Fan Haonan sobbed and repeated what he had said about his ideal job after drinking the night he just moved into the dormitory.

She tilted her head and looked through the transparent glass at Xie Jingxing and Su He who were sitting opposite each other in the independent office, and said softly: "Sister Shen Xin, what do you think he will think?"

"He... definitely won't want to accept this result." Shen Xin couldn't bear to discourage the idealistic little girl.

With Xie Jingxing's intelligence, how could he not have anticipated the result? If he couldn't accept it, he wouldn't have insisted on presenting the 'Due Diligence Report'. Couldn't he have written a brilliant M&A plan?

He is just taking advantage of the situation and seeking the benefits he wants, such as more discussion after the show airs...

"You are running naked, too stingy to even wear a pair of underwear."

In the independent office, Xie Jingxing leaned his arms on the armrests of the chair and lowered his head sarcastically.

Su He apologized and said, "The Pony Galloping Project is being done by the M&A team. We have no right to decide."

"So the M&A team has the final say?" Xie Jingxing shrugged with a sneer, "It seems like the colleagues in the compliance department are very dedicated."

Leading securities firms like Juntai have independent compliance and risk control teams within their investment banking business lines. They have the veto power to say no to all projects. Judging from their performance at the morning meeting, the compliance team stood firmly on his side.

Su He pursed his lips, not knowing what to say. The mainstream charging model for M&A business is that if it is done, there is money, and if it is not done, there is no money. However, the M&A team signed an M&A consulting contract with Xiaoma Pentium. Regardless of whether the project is successful or not, Xiaoma Pentium has to pay a fixed eight-digit consulting fee.

In other words, as long as the news that Xiaoma Pentium intends to acquire Changbai Energy through a backdoor listing appears on the variety show, the merger and acquisition team will have fulfilled its contractual obligations. If the subsequent merger and acquisition is successful, there will be a success fee, and there will be no loss if it fails.

This incident sounds like the usual petty-mindedness of domestic securities firms. They want to do bad things but don't have the courage to do them, so they just do something big and cower on the edge of supervision.

Su He was too embarrassed to say it out loud, so he could only talk about something else: "So far, there have been three assessments in total, and you have broken the rules twice and given completely opposite conclusions. It is not easy to choose assessment topics. We must consider both rationality and program effects. Let's understand each other."

"Yes, judging by the results, I am the beneficiary, with a bigger topic of the show and a more complete public image. But to be honest, I don't think I have the obligation to understand your incompetence in setting questions." Xie Jingxing raised his head and leaned back in his chair. Su He was slightly stunned, looked at him carefully and asked, "Are you really feeling unbalanced because of the results this morning?"

"...I just think that this result is unfair to Qi Tian, ​​Fan Haonan, and Feng Shuo...No, this has nothing to do with fairness. It's just because a group of mergers and acquisitions shamelessly used our resources on their shows. Why should we accommodate them in the end?"

Xie Jingxing couldn't help but sit up straight, and the words he said were inexplicably childish.

He pointed to Fan Haonan, who was lying on his desk and wiping his tears, and Feng Shuo, who was holding his head and remained silent, and emphasized: "They became victims inexplicably."

"They will gain public sympathy and a lot of attention just like you." Su He said with a smile on his face and crossed his legs.

Xie Jingxing grabbed the teacup and drank the water. Not all interns were like him, going on the show purely for hype purposes to gain attention and fame.

Su He smiled without saying anything, silently opened a folder and pretended to read it.

Today, Xie Jingxing was no longer as calm and composed as usual, but full of aggression. He seemed to be particularly stressed out by the assessment results in the morning, which was beyond her expectations.

“I see every intern’s true performance.”

Su He pretended to pause and said tentatively: "Juntai will not be stingy in giving job offers to outstanding interns. They all have the opportunity to stay."

"This has nothing to do with me." Xie Jingxing shrugged indifferently.

Su He's smile became more and more mischievous: "Then what's the point of wasting our time arguing about this? Let's change the subject and take a look at the promotional brochure written for Tencent."

"Has Yan Wenhua signed the confidentiality agreement?" Xie Jingxing took the folder and asked without further ado.

After receiving the WeChat message from Pony Ma, he immediately communicated with Su He by phone. He learned that Juntai was very weak in North America and it was almost impossible for it to play any role in the acquisition of WhatsApp, so he proposed to invite Yan Wenhua to join.

The latter's family has some resources in California, which can at least ensure that when the M&A team rushes to WhatsApp headquarters for negotiations, they will not be detained in a small black room by customs and interrogated for a few days on the grounds of national security...

"I'll sign it tomorrow after I sign with Tencent. It's a professional industry consultant contract with a fixed hiring fee of 5 million."

Su He's words were full of favors, but also a bit awkward and helpless. If Juntai had enough successful experience in cross-border mergers and acquisitions, it would not have spent such money.

She reminded him solemnly: "The director of our investment banking department talked to me for a long time last night. He will personally lead a team to Pengcheng to talk to Tencent tomorrow."

"Talk about money?" Xie Jingxing raised his eyebrows.

Su He sneered and said, "There is also the initiative. Tencent wants to sign an M&A consulting contract with us. Tencent's strategic investment will lead the M&A, and we will only be responsible for providing technical support. Peng Zhijian's proposal is that he wants to spend money to buy our business information and network resources. This person is very powerful."

"He's dreaming." Xie Jingxing commented.

　Happy New Year, safe and smooth, happy.

　　
　
(End of this chapter)