The Son of Finance of the Great Age

  Chapter 670 Conspiracy in the dark room

  When Zhong Shi and Jiang Shan walked into the VIP lounge, they found Wolfgang Porsche and his number one general Wei Dejin waiting here. Wolfgang sat on the sofa chair, as stable as Mount Tai, with a calm expression on his face. Weidekin, the chief operating officer of Porsche, paced back and forth, restless.

   "Mr. Zhong, you are here!"

  Seeing Zhong Shi appearing, Wei Dejin rushed to meet him, holding Zhong Shi's hand tightly with both hands, "We are in big trouble!" He said with a sad face.

   "Don't worry, everything is under control!"

Wolfgang, the chairman of Porsche, was not in a hurry. After greeting Zhong Shi, he calmly said, "Mr. Zhong promised us, and we will naturally fulfill it. Wendelin, please be patient, and wait for Mr. Zhong to explain more about it." illustrate."

"I'm sorry, I'm really impatient." Wei Dejin nodded to Zhong Shi and apologized, "In the past few months, all the credit authorizations we have obtained have been spent on the acquisition of Volkswagen's shares, but their stock prices are really low. It has risen too fast and has far exceeded our expectations."

At the beginning of Porsche's move in 2006, the stock price of Volkswagen Group fluctuated between 70 and 80 euros per share, but after the Porsche family announced the acquisition of Volkswagen Group, Volkswagen's stock price quickly soared to more than 200 euros per share, which is almost the same as before. three times the share price. Porsche's acquisition cost has increased sharply. Although they have borrowed up to 12 billion euros in loans from banks, plus their own funds, they can only afford to acquire about 50% of the shares if the price remains at the current level.

   This is why Porsche has stagnated after acquiring 42.6% of Volkswagen shares, lacking funds.

   "My friend, I am here this time to help you complete the acquisition."

  Zhong Shi smiled slightly, motioned Wei Dejin to sit down, and then took a document from Jiang Shan, "Please take a look, what is this?"

   "Option agreement?"

  Wei Dejin glanced at Zhong Shi suspiciously, took a look at the document, "Volkswagen Group's option agreement, what's the use of this?"

For those who manufacture super sports cars, the financial market is quite unfamiliar to them. Although in the past few months, the financial advisors of Leimen Brothers have spread various financial knowledge as much as possible among the high-level Porsche, including Wall A group of high-level Porsche executives, including Fugang Porsche, still have only a half-knowledge of these complicated terms.

  Wolfgang Porsche was also at a loss, but he knew that Zhongshi would not be indiscriminate, so he quietly waited for Zhongshi's next words.

   "To be precise, this is a long option agreement for the Volkswagen Group!"

After receiving Zhong Shi's hint, Jiang Shan cleared his throat and explained, "To put it simply, these documents are the evidence for us to acquire the shares of the Volkswagen Group. As long as we follow the time limit specified in this document If you pay cash at the price, you can buy shares in the Volkswagen Group."

"what?"

   Not only Weidekin, but even Wolfgang Porsche turned pale with fright. The two looked down at the document in their hands again, and their expressions changed dramatically.

  Happy, surprised, confused, puzzled, all kinds of complicated expressions emerged from their faces one after another. At the end, the two looked at each other with a tacit understanding, and turned their eyes to Zhong Shi again. They still had many questions in their hearts.

   "Mr. Zhong, when will these options expire?"

  Weidekin was the first to ask, "If you don't buy Volkswagen Group shares within the specified time, will these options be invalidated?"

"These options are American options, and the agreement expires in June next year." Zhong Shi said lightly, "But because they are American options, you can exercise the right to acquire them at any time. But it doesn't matter even if you don't exercise them. It’s time to settle in cash.”

   "So what is the strike price of these options?" Wolfgang asked a key question.

  After Zhong Shi answered Wei Dejin's question, the two discussed quietly for a while, and felt that this was really a good thing, and the only thing left was the execution price.

"I bought them at different times, so the prices are different." Zhong Shi lowered his head and thought silently, "In general, the exercise prices of these options are between 120 Euros and 180 Euros. etc. Because of the volatility of Volkswagen Group’s stock price, the exercise prices of these options fluctuate greatly. But in general, these exercise prices are much cheaper than the current market price.”

   "My God, this is the gospel!"

Overjoyed, Wei Dejin stood up and paced back and forth, waving his fists from time to time, "If we can buy the stock price of Volkswagen Group at this price, then we will have achieved 50% of the goal. No, maybe 60% will be done!" "

  The sudden surprise made Wolfgang Porsche unable to sit still. He looked at Zhong Shi with eager eyes, "Mr. Zhong, you are really a distinguished guest of the Porsche family. Tell me, what conditions do we need to pay to be able to transfer these option agreements?"

   At the critical moment, he still maintained the calm and shrewdness that a businessman should have, knowing that Zhong Shi would not come up with this option agreement for no reason. There is no such thing as pie in the sky, and Wolfgang Porsche understood this truth at a very young age.

It was finally time for the showdown, and a strange smile appeared on the corner of Zhong Shi's mouth, "Mr. Wolfgang, don't you ask, how many shares of the Volkswagen Group are included in this document? If the amount If there are too few, it will not help your acquisition!"

"Yes, yes, I was negligent!" Wolfgang Porsche blushed, and secretly sighed that he was impatient, "It is indeed as Mr. Zhong said. So Mr. Zhong, how many similar options did you buy? ?”

"40%, if you all exercise the power, it is enough to completely control the Volkswagen Group!" Zhong Shi confidently raised his hand, and gave a number that stunned Wolfgang Porsche and Weidekin, "plus the amount in your hands shares, enough to control the entire Volkswagen Group!"

   "God, how is this possible?" Wei Dejin was ecstatic, and even yelled in a gaffe, "40%, plus the 42.6% we have on hand, isn't this 82.6%..."

   Speaking of this, he suddenly remembered something, and his voice stopped abruptly.

"Did you notice something is wrong?" Zhong Shi's smile grew stronger, "Counting the 20.1% shares held by the Lower Saxony state government, the total shares have exceeded 100%. Obviously you are not It is possible to exercise so many options, but if it reaches 75%, it is entirely possible. So I will not transfer all the options on hand to you, and give you 30% of the options at most."

   "No, no, my friend, 30% is too little, at least 35%."

Wolfgang Porsche waved his hands again and again, "I think you are the most reliable friend of our family, I believe you will live up to this trust. If it is 30%, then we may not be able to fully control the shares of the Volkswagen Group. About On this point, our attitude is very firm, at least 35%.”

   "This depends on whether you can eat it!"

Zhong Shi was noncommittal and changed the topic, "Among my options, the deviation between the highest value and the current price is as high as 80 euros per share, and the lowest is 50 euros per share. Based on the current 380 million shares of the Volkswagen Group, I have The options are worth at least 7.6 billion euros. And if you want 35% options, you have to pay at least 6.65 billion euros. Mr. Wolfgang, are you sure that the current Porsche company can come up with so much cash?"

   "What?" Wolfgang Porsche and Wedekin were shocked. They never thought that this part of the option would require such a large amount of money. The two looked at each other for a while, not knowing what to say.

   According to this number, they can acquire about 30 million shares of Volkswagen Group in the market, which is about 9% of the total share capital. This is only an ideal situation, because once the position of the Porsche Group is announced, the stock price of the Volkswagen Group will definitely continue to rise. But if this money is used to buy these options, a large amount of money will be paid to exercise the options in the future, which makes Wolfgang Porsche and Wedekin feel extremely difficult.

  In fact, what Zhong Shi said was not wrong, but what he concealed was the cost of these options. Now these options are worth at least around 7.6 billion euros, which is the cash settlement profit after comparing the strike price with the market price. In fact, Zhongshi only spent 187 million euros to absorb these options. After the full payment of the margin, the market didn't even know the position.

"Of course, in view of our friendly relationship, I can transfer a part of the option discount to you." Zhong Shi saw the hesitation in the eyes of the two, and immediately reassured them, "Of course, it is impossible for me to lose too much You must know that even if I exercise the options now, the income from these options is absolutely safe. So you discuss how many options you need, and then we will discuss the price."

"32.5%, this is our bottom line!" Wolfgang Porsche only thought for a moment, then gritted his teeth decisively and said, "Adding what we held before, basically achieve the goal we want to control overall. As for the price…”

  He stopped talking and waited for a suitable quotation from Zhong Shi.

   Now, he and Wei Dejin have come to understand that the funds paid to Zhong Shi means raising the exercise price of this part of the option. After all, he has something to ask for and is stealing the other party's profits. Therefore, he will not say a high quotation, because it is not in his own interests, and he will not say a low quotation, because the decision-making power is not in his own hands. Now he can only pray that Zhong Shi will not quote too high a price.

   "5 billion euros, this is my bottom line!"

Zhong Shi and Jiang Shan looked at each other and smiled, knowing that the other party was already moved, and immediately reported a number that had been discussed a long time ago, "Sorry, Mr. Wolfgang, this number will not change. If you don't want to, our deal will be negotiated." I can't go down."

  5 billion euros is by no means a small amount for the current Porsche Group. But if the Volkswagen Group can be acquired, this figure is nothing. Wolfgang Porsche pursed his lips, wanting to say something, but he still didn't say a word for a long time.

"But we don't have enough cash!" Seeing what his boss meant, Wei Dejin asked tentatively, "Can we pay in installments? Or convert a part of Porsche's stock into cash, or use it as collateral ?”

   "Of course not!"

Zhong Shi vetoed it flatly, "I know that you have gotten a lot of cash from the bank recently, and my goal is this cash. But you don't have to worry too much. If you agree to my request, I will tell you a bank that can be gathered quickly. The method of a large amount of cash is absolutely effective, allowing you to quickly make up for the lack of cash."

   "What method?" Wolfgang Porsche asked subconsciously.

"So you agreed to my conditions?" Zhong Shi said with a smile, "But it doesn't matter even if you don't agree, because my method will use the options I have in hand. In fact, the reason is very simple, that is, to use these options to Squeeze and make those vulture funds pay what they deserve."

   "I agree, tell me what to do?"

  Wolfgang Porsche fought for a long time, then suddenly gritted his teeth and made up his mind.

   Thanks to the book friend Flying Fei for the generous reward! Thanks to book friends I love Xiaojia, RB720802, Huang Tianlong, Jiang Feng 25412 for voting monthly! Recently, I have started to write very strenuously. The author continues to work hard to conceive and organize ideas, and try to keep it stable and updated~ I hope you will support me a lot~

  (end of this chapter)