Completed Salted Fish's Self-help Strategy

Waving goodbye to ah Ya on wechat, Chu Yuanxi can't help thinking of the last time Xiao Li came to Xiaokang. It was last September when he and director Naida of 724 came to visit.

When he thought of Xiao Li, chuyuanxi thought of India, and then he thought of an interesting news that happened in India today. On the day of the Democratic Party's primary election, the leader of the United States, Emperor Chuan, came to India, and then the Indian people held a large welcome party called "hello".

As a result, the emperor made a speech in front of tens of thousands of people, saying: "we have a very good relationship with Pakistan..."

Surprise or not? Are you surprised? I'm used to the rigid process like a textbook. This kind of fame has a strong impact. It's said that all the cheers stopped suddenly on the spot, and you can hear a pin drop on the ground.

Chuyuan night immediately love modi immortal for a second, heart said Chuanhuang Mo is not in trouble for me modi?

Lu Yu doesn't have to report this to Chu Yuanxi, but he sees it himself. It's a good ghost animal material. Chuyuanxi instead pushed it to Lu Yu, let him do a B station video to join the fun, don't ask, today is B station carnival.

The main reason is that during this period of time, the third brother's great hostility to the imperial court was very obvious and undisguised, and he just wanted to say in public what he hoped the imperial court would do.

So Chuanhuang did a good job!

A lot of big things happened on that day, such as the green factory's launch of their new machine, the pricing and configuration of iqoo3 was seen as a strong foil for Xiaomi, and the mi10 was a representative of cost performance.

For example, nailing also launched the 5.0 version tour in the form of cloud conference, and wanted to launch the circle function, create its own private social networking, and seize the traffic of wechat circle of friends, etc.

But when he had dinner as usual, he saw Suzuki Yu standing in the corridor, looking at the sparsely populated street outside the bay window, his eyes were very blurred.

"What's your name?" Chuyuan stops in the evening. Suzuki Yu looks very bent today. He can feel the silent sadness of Suzuki Yu.

Only Suzuki Yu said, "an old friend of mine died today."

"Ah I'm sorry Chuyuan Xixin said that it was this kind of thing, so it was not convenient to inquire.

I didn't expect Suzuki Yu to go on and say, "have you ever played" soul fight "? Baba, up and down, left and right, was invented by him. If only 30 lives could be saved in life. "

Chu Yuan night secret way a lie trough! That's too well known. In today's terms, this is the symbol of popular culture in those days!

And now Ba people have begun to cultivate films and TV series. He also knows that "soul battle" has a real-life film plan, and it is co produced with Guochao film and television company. When he saw this news, he joked that the protagonist of the film could not be named 1p and 2p. I didn't expect that

Only Suzuki Yu said: "president, I want to do something. Do you support me? I want to make a documentary. It may take a little time. "

"Ah? What do you record? "

"During this period of time, what happened in your country is zero contact takeout and food, everyone wearing masks, temperature guns, and two weeks of home isolation. It mainly takes pictures of how your life is affected. Recently, the situation over there is very bad... "

Chuyuan Xi heart said is not good, this is not immediately 226? He saw that even the emperor's request for adultery was brought out by P, and P became the feeling of a series.

"Well, I'll let Lu Yu support you. Are you going to take it back and play it? "

"Yo Suzuki Yu finally showed a wisp of smile, "yes, just put it on the group's we media, let the red deer see what to do!"

…………

On the 26th, it was cloudy over the imperial capital.

Sister Xu's contemporary capital headquarters is in modu, and DIDU has only offices, but the environment is not bad. It's not the first time for chuyuanxi to come to her coffee shop, but today she feels so hot that she can't help loosening her tie. Today, he put on that very modern double row big button black suit, which is rarely worn by President Chu in formal clothes, showing great respect for people.

When he entered the door, Xu Xin was already inside. There was a man with gray hair and very white skin. Chu Yuanxi didn't know him. He thought he was someone in the main group. Unexpectedly, the other side stood up and stretched out his hand. Next to him, Xu Xin said, "this is Lao Ning invested by CC. Today, I'm here. I'll see you by the way."

"Hello, hello." Chuyuanxi shakes hands quickly. CC investment is quite a quiet name. It used to be fashionable, but now it's all European PE investment giants. Only in terms of size, it's the giant among the giants, which is much larger than the contemporary capital. Xu Xin is only bigger than the scale, even his younger brother. However, with the acquisition of qijiangnan and Dama dumplings, the two star enterprises have fallen rapidly, and the ability and style of this PE company have also been questioned. In recent years, it has rarely appeared in the investment circle of Guochao.

After shaking hands, he quickly looks at Xu Xin. The boss of CC investment can't come here just to know himself. Does it have anything to do with money?

Sure enough, Xu Xin was frank and said, "there is something wrong with Lao Ning, but it's a good thing. Let me tell you about it?"

Chuyuan Xi showed a smile and sat down quietly. He only heard Lao Ning say: "we are not interested in domestic investment, but M & A has been doing, mainly to do some auxiliary M & a business."The so-called auxiliary merger and acquisition is to assume that Xiaokang wants to merge a software service-oriented enterprise such as two-dimensional fire, but the two-dimensional fire asks for 1 billion yuan. Xiaokang can't afford so much money and doesn't want to borrow or borrow money. What should we do? Another way is to seek assistance from institutions.

In this way, institutions will pay for the merger and acquisition of entities. Of course, some of the money will have to be taken out, and then a series of agreements will be signed. So the money first gathered together to acquire the target, put it in the well-off society, and then there are several ways to deal with it.

One is that both sides sincerely hold shares and are optimistic about the value improvement after the acquisition of two-dimensional fire by Xiaokang, but such Xiaokang is very disadvantageous. It's not the disadvantage that the two-dimensional fire is taken advantage of by the organization after its value is increased, but it can't disperse the two-dimensional fire and absorb it into its own enterprise, losing the passivity of this key option. Once it breaks up, it involves hollowing out the two-dimensional fire, which infringes on the interests of brother organizations. Therefore, it is necessary to sign a series of agreements and memoranda to ensure that the small money of the organization will not be infringed.

The other is to agree on a date when Xiaokang will exercise its subscription right. At that time, it should have saved enough money and bought the target completely. In this way, the organization completes a transaction and can make a considerable profit. What if Xiaokang doesn't subscribe? Institutions also have the right to put, which can be forced to sell to Xiaokang, but the bid price is definitely lower than Xiaokang's subscription price.

There are more complex models involving arbitrage, tag along and so on, but in short, the two sides cooperate to get what they need.

Only listen to Lao Ning said: "recently there is a merger we are very interested in, Chu always want to hear?"

"Wait a minute, let me guess." Chu Yuan Xi stretched out his hand and said, "should it be Are you enjoying the game? "

"Ah, did sister Xu tell you something?"

"Hahaha, there are not many objects to be purchased by such a large PE organization in the market. It's a good thing, or I'm interested in it. In fact, the range of options is quite narrow. It's easy to think of the acquisition intention of Le game, which has been made public for a long time. "

In fact, what Chuyuan Xi wants to say is that he has found Ba people in temolo game, otherwise he would not have thought of it so easily.

That's what happened after Ba people just pocketed Ali's first money, but Chu Yuanxi didn't have any idea about the price of the music game, which was as high as 10 billion yuan? The PE multiple of Ba Ren game is lower than that of Le game. Isn't it a loss? So I went straight away.

But for companies that want to "buy profits", this PE multiple becomes very attractive. If PE about 7 times buys assets in the market, the premium rate is really not high.

The so-called PE multiple is the P / E ratio, that is, the multiple after the valuation divided by the current net profit, which represents how many years it will take after the investment to make the money back.

And the company that buys profit is to beautify financial statement of course, appear on the market further, with cash the rise of profit amount. Going public is a very strange thing. Having money in your hand will not help you to go public. On the contrary, it will bring problems. What do you do when you are so rich? On the contrary, the high profit is very good, especially for our large A-share companies, which have requirements for profits.

Driven by Chuyuan's hearty smile, the room was full of joy for a moment. Xu Xin said: "Lao Ning is talking to another game company now, and the other party is also very positive, but it needs a lot of money. I just want to ask you, does Ba Ren group want to unite the three?"

Chuyuan Xixin says that the three families are united. How can they play? If two game companies join hands to acquire, who will merge the tables?

"What Ning means is that Ba people also act as an auxiliary purchaser?"

"All this can be discussed, and the Ba people are willing to be the main force." Lao Ning said, but he found that Chu Yuan Xi didn't seem interested.

He couldn't help frowning a little and said, "Mr. Chu, you have so much money in your hand. Should you have the idea of merging?"

"It's true. We've had several recently."

"Let me tell you something," Lao Ning said, holding out two fingers. "First, there are not many really good targets in the market. If you miss them, you will miss them. Now there are not many people who want to do mergers and acquisitions. Second, when you see your favorite target, you should start immediately. You are afraid that it will be too late. "

Xu Xin nodded: "Lao Ning, they are professional in M & a business, especially in coordination."

It seems that chuyuanxi hasn't reached the real point yet. She then said, "this is what we just talked about. Do you know that the CSRC opened a refinancing opening in mid February?"

Of course, Chu Yuanxi knew it. He not only knew it, but also chatted with Yuan Jingyuan and Yuan mu. He issued three instructions in succession, which created a "better" financing environment for listed companies.

Xu Xin saw that he nodded, but he didn't say it. He immediately said in doubt: "I haven't thought of it yet? Why are you so slow today? After the liberalization of refinancing, the listed companies will certainly have to circle money one after another, especially the former listed companies in the waist. What are you doing with the money? Acquisition of assets. So there will certainly be a lot of enterprise venture capital behind. If you don't buy it now, asset prices will go up. "

"That's my second purpose here." Laoning immediately a chest: "M & a service is our strength."Chuyuan Xixin said that he couldn't see that Xu Xin was still a little sales expert. This time, he was even moved by the situation. Why am I slow? My spirit is in Mido. Why should I give others more spirit?

However, to be honest, there are few PE organizations within the scope of Guochao that focus on the needs of enterprise M & A. most of them are amateur players who help their invested enterprises. Even Xu Xin dare not say that he is a professional.

Therefore, he immediately agreed: "indeed, we have a demand, and it is not small. However, for the part of M & A, I have arranged for a well-off CFO, who is also an investor of Ba people, Yuan mu, to deal with it. Do you want yuan Mu to coordinate with you? "

"Oh, you have such a deep relationship with Yuan mu?" Lao Ning really didn't make a deep investigation into Chu Yuan Xi. Yuan Mu knew that this matter seemed to have been settled.

At this moment, Xu Xin said, "here comes the man." soon, a man with thin cheeks and rimless glasses came in. He was in his forties, and he was quite gentle. Chu Yuanxi has never met, but he has seen a picture. This is Zhang Wu, CEO of Mido group.

This is not an easy person to deal with. In fact, what chuyuanxi would like to see is their chairman and founder Mr. Zhang.

Although Mr. Zhang is brilliant, he should be easier to deal with because he is old. Zhang Wu has a profound insight into mobile Internet, and his open views on new retail are also commendable. In a word, he is proficient in tactics. But Chu Yuanxi wants to see this side. In fact, he has some ideas. He needs a certain degree of "persuasiveness". Xu Xin probably doesn't believe the so-called "chat". Of course, it's better to chat with Mr. Zhang.

Seeing people coming, three people, including Xu Xin, all stood up quickly. Lao Ning said hello first and seemed to have known each other for a long time. Zhang Wu murmured in a low voice. Chu Yuanxi didn't quite know what it was, but seeing him pressing down with both hands, he took the lead to sit on the empty seat.

Three people also sit, just surrounded by four, quite suitable for playing mahjong.

Chuyuan Xixin said that the general atmosphere of Xiao Zhang is strong enough? Some people can show their differences when they sit in the crowd. They don't need to wear clothes or speak. Others will follow their rhythm. This is the aura.

Usually, this is the performance of being in the top position for a long time. There are too many people who have managed and listened to too many reports. Such people can often control the situation as soon as they speak. Chu Yuan Xi himself does not have this kind of aura, he has to speak, in order to release his aura.

When Xu Xin was about to speak, Zhang Wu waved his hand and raised his face slightly: "sister Xu, you know I don't like politeness. Let's get down to business. Mr. Chu asked me to have a chat. What kind of advice do you have? "

"I don't dare to be taught." Chuyuan Xi smile, "although we meet for the first time is strange, you must have done some speculation before you come?"

Xu Xin did the side, see these two people speak more stage, my heart straight want to laugh. Chuyuanxi certainly did not come for the purpose of connecting feelings. The so-called "once born and twice familiar" can not be used on this occasion.

Zhang Wu slightly nodded, "that's true. It's impossible for you to make an invitation for such a busy business without any reason. In my opinion, it's just to send out a signal and cooperate? Competition? Cooperation and competition in some fields? In addition, some of my colleagues guess, do you have any capital operation needs? "

He kept his head slightly down during the conversation. At this time, he finally raised his head and showed a gentle smile: "I've heard that we discussed the feasibility of M & A of Xiaokang, so let's talk about it?"

Without waiting for Zhang Wu to release his momentum, Xu Xin immediately gave out a rather powerful laugh: "ha ha ha, actually you can also chat, but Xiao Chu, you can't talk about that 300 billion."

"If you don't have 300 billion, you can have 100 billion." Chuyuanxi easily catch this, heart said merger well-off you really want to much, although you can borrow money, but your hand liquidity may not as much as I do, you take face merger well-off ah?

Maybe the other three people spoke in turn, and when they got to Lao Ning, they began to follow the rhythm: "Hey, how can there be 300 billion, 100 billion? I heard that Chu always wants to raise money. Isn't it 20 billion yuan? "

Just listen to Zhang Wu say: "the financing valuation is 20 billion, M & a must produce a certain premium.". Ha ha, it's a pity that we can't afford 20 billion. We are really poor... "

Chuyuan Xi listened to immediately smile, "you are too modest, in fact, I am willing to sell 100 billion. Tian Xianpei's Lu Ting, I asked him, didn't you tell me not to sell it for 5 billion yuan? Why sell it for 1.8 billion? Guess what he said? He said that Meiduo is really willing to pay 1.8 billion yuan. "

Zhang Wu suddenly looks embarrassed, how to think and how to lose after the deal! Anyway, it should not be higher than 1.2 billion. The key is that he talked about it in person. Fortunately, he set up a bet. But it will take three years for the gambling to take effect. Who knows what will happen after three years?

Zhang Wu's embarrassment made Chu Yuanxi's expression more vivid, saying: "actually, I asked Mr. Zhang to come here to talk about the possibility of cooperation. Shuangma has invested in the convenience store track. Jack has already made a bet. Pony actually invested a lot, but it didn't close. The track is very wide and it's not so easy to close.In fact, we can complement each other in many ways. If we form a strategic alliance, maybe we can close it up? Although Mido's small store layout is very positive, it is mainly a large store format. As an offline supplement to app, Mido's main goal is not incompatible. When the time comes, we'll avoid the double horse. When we meet the children, I'll fight hard. There's gold Lord's father's blessing behind us. On the scale, it's just that we can eat all the way up and down. Isn't it beautiful? "

"Yes Xu Xin did not expect that these words would come out of Chu Yuanxi's mouth. He immediately pressed the table and said, "take down Pearl Harbor!"