Video Game Empire

?? After listening to what Li Xuan said, Xu Jiachun realized the difficulty of this matter. A shocking merger that cost billions of dollars is by no means able to persuade the other party to change their minds with just one or two sentences.

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And the other party was obviously not going to talk to him in detail. Xu Jiachun felt that he had to report this important news to China as soon as possible. So Xu Jiachun did not stay at Li's house much, but hurried back to the Xinhua News Agency station.

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In fact, what troubled Xu Jiachun even more was that the intelligence network in his hands had not even heard the slightest bit of wind for such a big operation of Dongfang Electronics. Xu Jiachun's report was sent to the Hong Kong-Macao Affairs Office in Beijing on the same day. This is the direct leading agency of the Hong Kong and Macao Work Committee in China, and it is a ministerial-level unit under the State Council, which is responsible for Hong Kong-Macao affairs.

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Director Ji of the Hong Kong-Macao Office, who has been in office for just over three months, can't help but secretly blame the Hong Kong Work Committee for its dereliction of duty after reading the telegram sent from Hong Kong. They didn't find any clues early on such a big event, so the situation is so passive now. He couldn't take matters into his own hands, so he had to report the matter to Chairman Li, the leader of the Central Foreign Affairs Leading Group.

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Dongfang Electronics is one of the most famous companies in Hong Kong, and its every move can easily be regarded by the outside world as a weather vane of the changing situation in Hong Kong. Just when the central leaders of Beijing-Beijing were alerted and were evaluating the possible impact of the news disclosed by Li Xuan, Li Xuan had already left for the United States again.

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Before Li Xuan left Hong Kong, his mother also began to prepare to go to the mainland to visit relatives. Although Li Xuan is reviving his soul from a corpse, he has been with his family for a long time, and he has already had real affection. But for those two unmasked uncles, he naturally couldn't have too many feelings like his mother.

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Now is the critical moment for the acquisition of ra. He needs to go back to New York to sit down in person. Otherwise, Li Xuan really doesn't mind doing his filial piety and personally accompany his mother to visit relatives in the Mainland. But now he had no choice but to entrust his elder brother Li Ke to accompany his parents to the north.

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Regarding this new relative, the two brothers also got together to discuss it. As long as the other party is not too ignorant, after all, blood is thicker than water. In order to consider the mother's feelings, those who can help will do their best to help. Of course, this matter is left to Li Ke's sole discretion.

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A party is being held at a luxury estate on Long Island, New York. The host of the party was the world's richest man, Mr. Xuan Li, who recently lived in the Big Apple, but was in the limelight. Li Xuan seems to intend to integrate into the upper class of New York. Every time he attends the party, there are fashion pioneers, political elites, and Wall Street investment tycoons. Such gatherings have never stopped since he came to New York. To this end, a luxury manor was specially rented.

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"Li, this is Mr. Ellen Donald, the senior director of -ree!" Bradshaw introduced a middle-aged man with a wide forehead behind his hairline to Li Xuan.

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The full name of -ree is "Teachers Insurance and Annuity Association-University Retirement Property Fund", which is a retirement pension fund serving public teachers and university professors across the United States. It's different from China's auntie stocks. In mature capital markets such as the United Kingdom and the United States, individuals rarely directly participate in securities market investment, and everyone chooses to hand over their money to fund managers specializing in the art industry to invest.

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Among them, pension funds are one of the most important investment forces in the securities market. According to statistics, the share of stocks held by pension funds in the United States is more than 25% of the total stocks of all listed companies.

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Among the top ten major shareholders of ra company, 3 are pension funds. Among them, -ree is the single shareholder with the largest shareholding in ra company, holding % of the shares of ra company. In addition, another foundation called alpe ranked second. Holds about 7.89% of ra's shares.

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The full name of alpe is California Public System Employees Retirement Fund. California is the most economically developed state in the United States. If its gdp data is listed separately, it can kill most countries in the world. It can be firmly ranked in the top ten in the world.

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California is also the most populous state in the United States and has the largest public employee system in the United States. Therefore, alpe is one of the largest institutional investors in the US capital market, with total pension funds in charge of more than 100 million US dollars.

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And -ree and alpe are one of Bradshaw's supporters, which is also the biggest support for Bradshaw to be the chairman of the ra company's board of directors. After Charlieson completed the investigation of the trip to Hong Kong, Bradshaw finally approved the acquisition plan of RA by Oriental Electronics Company.

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So he began to take the initiative to persuade the major shareholders of ra to accept the takeover offer of Dongfang Electronics. For pension funds like -ree and alpe, their biggest task is to preserve and increase the value of the money at hand. So as long as the price is right. They never mind selling their holdings.

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For an old store like Xiangra, which has been operating for more than half a century, the founder of the company has long since disappeared without a trace. It is often the management who truly have feelings and aspirations for the company. Not those shareholders who only pursue profit maximization. As long as the company's management can be persuaded to accept the acquisition plan, then usually the remaining question is the level of the bid.

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Several major shareholders of ra are not opposed to the acquisition plan of Dongfang Electronics. Mr. Donald, who came to the party today, obviously came to contact Li Xuan on behalf of the -ree fund.

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"Mr. Li, have you considered using the stocks of other companies under the Oriental Group to replace the cash acquisition?" Donald asked tentatively.

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Li Xuan shook his head and explained: "Dongfang Group has not achieved securitization as a whole, and its internal composition is relatively complex. Among them are listed companies such as Aikang Computer and Computer Park, as well as sole proprietorships such as Oriental Games and Oriental Research Institute. companies, as well as joint ventures with other groups such as ibm like Eastern Systems Software!

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Therefore, if the method of equity mergers and acquisitions is adopted, it will definitely be very complicated to make. For a high-quality company that is not listed but has a very high revenue capacity like Dongfang Games, even if we are willing to give up part of the equity, the valuation given may not satisfy Mr. Donald.

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As for Aikang Computer and Computer Park Company, if a single company is used to exchange shares for mergers and acquisitions, since their market value has no advantage over RA, the stock exchange can easily shake our control over the original company.

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And if multiple companies are used to implement the share exchange, the complexity of this, you can guess how troublesome it will be, Mr. Donald! For such a big move as the acquisition of RA, our Oriental Group needs to invest a lot of resources, and every day of delay will pay a lot of financial costs! "

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After Li Xuan completed a simple communication with the senior director of the -ree fund, he continued to walk among the guests.

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"Li Sheng, how's your talk with this Mr. Donald?" Han Peng came forward with a wine glass and asked. He had just arrived in New York from Hong Kong.

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"He proposed to exchange shares, especially the shares of Aikang and Computer Garden, but I rejected it! In fact, this is just a test, after all, we will announce the formal merger negotiation tomorrow!"

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Li Xuan said indifferently, "Of course, I also gave the other party a promise. If the computer park company needs to continue to raise funds in the future, we can consider private placement to -ree!"

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"By the way, my previous explanation of going north doesn't seem to be very effective! A central leader who met with me, but he directly accused us of doing a surprise attack and not thinking about the overall situation!" Han Peng said with a wry smile.

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Previously, Li Xuan, through the mouth of Xu Jiachun, the president of Xinhua Hong Kong branch, disclosed to relevant parties in the mainland in advance that the Oriental Group was about to implement a major merger in the United States. A few days ago, Han Peng quietly went to Beijing-Beijing to explain the merger and acquisition plan of Oriental Group.

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But Han Peng obviously did not eliminate the dissatisfaction of the mainland government. After all, the influence of Dongfang Electronics Co., Ltd. in Hong Kong is too huge. Once even Li Xuan, the richest man in the world, expresses his intention to take capital, it is likely that Hong Kong, which has just emerged from the Hong Kong dollar storm, will panic again.

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"Anyway, I didn't even think about taking the title of 'patriotic entrepreneur', so I'll be annoying once! Time will tell whether we invest normally or deliberately! We are not helping the mainland to build a fab before. , taking advantage of this opportunity to tackle key problems together and get rid of the obstacles in the American political circles, it is a compensation to the mainland government!" Li Xuan shook his head and said.

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&nb Would the bottom line of $100 million be too high! "Han Peng suddenly turned to the next M&A negotiation~www.readwn.com~ Li Xuan could not come to the negotiating table in person, but was prepared to hide behind the scenes and command. Han Peng will act as the plenipotentiary representative of the Oriental Group and lead a group of negotiating experts. The elite team of RA started a war of words with the representatives of ra company.

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Although the two parties have reached an initial acquisition intention, they specifically stated that the intention cannot be truly transformed into an agreement on paper, and it depends on whether the price given by Dongfang Electronics makes the ra shareholders satisfied. ra's management is bound to strive for the best interests of its shareholders, which is a basic professional ethics.

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"The premium is only 25%, and it's not too high! If Ra's stock price hasn't been rising strongly, we wouldn't necessarily be able to pocket it with 100 million US dollars!" Li Xuan said with a sigh.

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Now that the U.S. stock market is in a bull market period, ra's stock price performance is definitely not outstanding, which greatly reduces the acquisition difficulty of Dongfang Electronics. As long as the price given by Dongfang Electronics is satisfactory, there will definitely be many shareholders who choose to cash out and chase other stocks that perform better. (To be continued)

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ps: I sat in front of the computer after lunch, but suddenly I got stuck, and I always felt unsatisfied when I wrote something...