My Age of Investment Chapter 1487

Chapter 1487 Entering the spy gate is as deep as the sea

"Boney, it's not that I'm not helping you, but that my investors and I must make overall considerations based on the current situation of Penguin.

Penguin's current situation, described as precarious, may be an exaggeration.

But it is an indisputable fact that your dominance over the instant messaging market in mainland China is rapidly declining.

Otherwise, Penguin's stock price would not have fallen so much!

Analysts at Goldman Sachs and Morgan Stanley are downgrading Penguin, and some bears are taking advantage of the situation.

In this case, I have to consider the investment risk! Please understand this point! "

In a mansion in Deep Water Bay on Hong Kong Island, Li Yikai is having the second round of talks with Ponima.

He looked at Pony Horse, whose face had become a little stiff, with an embarrassed look on his face, but he was actually laughing secretly in his heart.

Isn't it "Boiled Eagle". He has been sitting on the board of directors with his father since he was six years old. If he can't even use this elementary method, then he doesn't need to hang out outside, and he can just go home and eat it for a while - he Now I don't think I'm gnawing on old age, but I'm expanding several new industries with unlimited potential, such as new energy electric vehicles, the Internet, and software, for families whose industrial map is basically concentrated in traditional industries such as real estate, ports, and telecommunications.

Bonima said with an embarrassed expression: "Richard, I understand the difficulty of yours. Changing the board seat will break our current management and decision-making mechanism, and it will also cause confusion in the hearts of the management."

Li Yikai smiled slightly, "Nothing in the world is static, including running a business.

Penguin has now come to a difficult time when he has to change his mind. If he doesn't change his mind... IMHO, I'm afraid it will be difficult to win against WeChat and the domestic holding group, which are backed by the richest man in Asia.

Xia Jingxing, although I don't like it very much, but I have to admit that he has real talents and hard work, otherwise he wouldn't have managed such a big scene. "

Hearing these words, Bonima felt as if he had eaten a dead fly.

He remembered that Li Yikai had not commented on Xia Jingxing in this way before, saying that they were grasshoppers, hyenas, vultures, squirrels, piranhas... Anyway, there were no good words, and they ran on the ground and flew in the sky. , swim in the water, all have been collected.

Now Li Yikai admits that Xia Jingxing has real talent and practical ability, and Bonima will not believe even a single punctuation mark.

Don't you just want to put pressure on him to sign the investment agreement that humiliates the company.

Bonima sighed silently in his heart, even if he knew that Li Yikai had bad intentions, what could he do?

Without signing this investment agreement, how could Penguin have the money to fight against the wealthy Xia Jingxing.

He heard that WeChat is already contacting the advertising departments of TV stations, subways, railway stations, airports and other units, and will soon launch a new round of offline offensive against Penguins.

In addition, half of the Internet industry is now embracing Xia Jingxing's thick legs. Before long, WeChat's advertisements will become overwhelming.

In contrast to Penguin, the growth rate of QQ's registered users has slowed down significantly, and the number of active users is also decreasing.

According to the investigation and analysis of the operation department, a large number of urban white-collar workers are abandoning QQ and switching to WeChat.

The only good news is that primary and middle school students still love QQ and never give up on Fat Penguin.

But how long this kind of perseverance can last, Bonima does not know, and does not dare to bet on whether there will be a chance to create a "Chu-Han boundary" with WeChat in the future.

Therefore, he can only go all out to defeat WeChat, cut off the black hand of the domestic holding group in the instant messaging software market, and keep his own basic business.

Just when Bonima was about to submit to Li Yikai, Liu Zhiping, who had been silent for a while, finally spoke up.

"Richard, you have your troubles, and we have ours too.

How about each side taking a step back? Five director seats can be given to you, but you must ensure that you continue to follow the agreement between our management and MIH, that is, to hold the company's shareholders meeting or board resolutions, all shareholders' representatives or directors must attend and vote, reaching 75% or more. It is valid only if the shareholders or directors present at the meeting vote for approval.

In addition, our management needs to retain three director seats. As for the remaining director seat, we will give it to MIH. "

Having said that, Liu Zhiping looked at Li Yikai with a dazzling gaze. He was different from Pony Horse, who was suddenly ill and went to the doctor.

However, Bonima insisted on using the financial resources of the Li family to fight against the aggressive Xia Jingxing. He had no choice but to support it. After all, Bonima was the real boss and the decision-making power rested with Bonima.

But he still hoped that he could curb the ambitions of the behemoth of the Li family a little, not to defeat Xia Jingxing in the front foot, but lose control of the Penguin company in the back foot.

In fact, from the moment of agreeing to introduce the investment of the Li family, the balance of control of Penguin has been broken.

If the Li family is not satisfied, if they continue to make further progress, I am afraid that there will be a lot of trouble.

Li Yikai's tone gradually cooled down, "Martin, 75% of the shareholders or directors who attended the meeting voted too much.

In fact, many companies' simple motions can be passed with more than 50% approval, and special motions can be passed with only two-thirds approval.

It is too troublesome for you to do this, and it will easily affect the decision-making efficiency of the company.

Now WeChat is advancing step by step, what penguins need is speed! It's efficiency! "

Liu Zhiping refused to give in an inch: "We and MIH made an agreement like this, and because of this agreement, the golden development of Penguin for ten years is guaranteed."

"The ten-year golden development period has ended, and the next challenge is the life and death of penguins." Li Yikai said coldly.

Liu Zhiping opened his mouth to argue, but was interrupted by Li Yikai directly waving his hand: "MIH is the person who can really do business, ten years ago... nine years ago to be exact, they spent 12.6 million US dollars from me. Bought a 20% stake in Penguin.

Do you know how much they are quoting me now? "

Lai Kai paused, then pointed out a finger, "They are asking for HK$10 billion, equivalent to US$1.287 billion.

In less than ten years, the price has doubled a hundred times! "

Ponima was a little disdainful in his heart. Originally, you should have earned this 100 times, but you are stupid. You sold the Penguin shares to make a leveraged buyout of Hong Kong Island Telecom, and in the end, both sides lost.

"Sometimes I feel like a fool, I shipped to MIH at a low level, and now I come to a high level to take over."

Liu Zhiping couldn't stand it anymore. Li Yikai put this finger on Sang and scolded Huai. On the surface, he was blaming himself and reflecting on himself, but in fact he was mocking the penguin.

If you really think Penguin can't do it, you will go to pick up MIH's disk?

However, MIH did not do it properly this time, and the behavior of selling stocks around made it even worse for Penguin, who had difficulty raising capital.

Even MIH, which has firmly supported Penguin for ten years, is about to run away. Who would dare to believe in Penguin? Dare to invest in Penguin?

Li Yikai smiled lightly, "I said this without any other meaning, it's still the same sentence, it's time for the penguin to "seek change".

Those rules of the past are no longer applicable to the fierce competition.

Let's change it, and reduce the approval rate of the resolutions of the shareholders' meeting and the board of directors to 70%. "

Li Yikai glanced at Ponima and Liu Zhiping, who were brooding, and added a heavy weight to their psychological balance: "I agree with the management to keep three director seats, so that the company's You can deny any decision."

Bonima was basically satisfied with this condition, he did not dare to drag it on any longer, who knew if Xia Jingxing still had anything left behind.

If the situation becomes more and more bad for the penguins, Li Yikai may issue more stringent conditions.

"The resolution of the board of directors needs to reach 70% approval rate before it is passed. I have no opinion on this one.

But for the resolution of the shareholders meeting, I think it should be passed with a 75% approval rate. "

Liu Zhiping is worthy of being an elite who came out of Goldman Sachs, and soon discovered the hidden hand in the conditions laid out by Li Yikai.

Take the Penguin board of directors as an example. There are a total of nine seats. If the management headed by Ponima holds three of the seats, as long as they cast a negative vote, it is impossible for any resolution to achieve a support rate of 70% or more.

However, the general meeting of shareholders is a bit particular. Penguin's management held a total of 37.5% of the company's shares at the beginning of the company's listing. In the following years, it continued to reduce its shares to improve life. More than a year ago, there was another round of private placement, and now the management's shareholding is low. At 30%, it can be more than 25%.

If it really follows Li Yikai's method, then when the general meeting of shareholders is held, Li Yikai can easily bypass the management and re-elect new directors as long as he has the support of other shareholders, and Penguin can still keep three directors by then. seat?

If both the shareholders' meeting and the board of directors are controlled by Li Yikai, he and Bonima and others will not be rubbed by Li Yikai.

Although Li Yikai is not necessarily that bad, he must be defensive.

Facing Liu Zhiping's firm gaze, Li Yikai nodded lightly, "Okay, just follow your plan."

Seeing that Li Yikai agreed, Liu Zhiping breathed a sigh of relief.

And Bonima asked while the iron was hot: "Richard, when are we going to start financing?"

Li Yikai laughed, "Boney, don't worry, since I've decided to help Penguin, I won't break my promise.

But before that, we should clean up some unsettled elements, so that they will not be held back in the next big battle. "

"Unstable elements?"

Bonima doesn't think anyone is not firm, could it be MIH?

Thinking of this institution, Bonima's eyes became a little complicated. The most trusted and intimate partner who used to be the most trusted partner is now going to part ways.

In fact, it is not considered to give up Penguin completely. After all, MIH only agreed to sell 20% of the shares to the Li family, and still retains more than ten points of stock.

Just compared to the past, MIH is really cowardly this time, and has the idea of being safe.

Liu Zhiping asked: "Richard, are you trying to... clean up some shareholders?"

"Yes, there is no need for some weak institutions to stay on the shareholder list all the time. It's really fighting with WeChat. I'm afraid their hearts can't stand it."

Li Yikai looked like he was rich and powerful, and he could see Bonima and Liu Zhiping looking at each other.

But the two of them didn't think Li Yikai's words were too arrogant, who let the family have such strength.

"What if they don't want to be out?" Liu Zhiping asked.

Li Yikai replied with a smile: "That's not forcing, just stay where you like."

"Are you going to be kicked out?"

In the courtyard, under the grape trellis, Xia Jingxing was lying on a chair, squatting on the sunflower seeds leisurely, and glanced at Tong Shijie who was sitting opposite him from time to time.

Tong Shijie nodded heavily, "Yes, I reckon that Li Yikai and MIH, Bonima and the others have almost reached a consensus, and now they are free to deal with our small shareholders."

More than a year ago, when Penguin raised more than 5 billion Hong Kong dollars, Li Yikai, MIH, IDG, SAIF Fund, Legend Capital, Hony Capital, Axel China and other institutions participated in the investment.

Therefore, Tong Shijie accidentally went deep into the enemy camp again.

It can only be said that the $100 million that Xia Jingxing handed over to Tong Shijie was really worth it. In the past, the Thousand Oaks Group, the Venture Capital Alliance, the Conscience Group, and now the Penguin, all movements were under Xia Jingxing's control.

Originally, he threw out 100 million casually, and he played a free chess move. Unexpectedly, he cultivated an ace spy.

Xia Jingxing looked at Tong Shijie with a smile and said, "What's your opinion? Sell it or not?"

Tong Shijie wanted to sell, but he knew that President Xia would definitely let him continue to lurch.

Alas, once you enter the spy gate, it is as deep as the sea! I may not be able to live in the sun for the rest of my life.

"Hold on! We have already fought the final battle against the reactionary forces.

As long as this battle is won, the Chinese Internet will be liberated, and so can you. "

Tong Shijie knew this would be the result, he sighed silently in his heart, and replied, "Okay, Mr. Xia, I will continue to work hard."

Looking at this hard-working general in front of him who was active on the hidden front, Xia Jingxing felt a little sorry for the other party. After all, it was promised that he would only hide for three years, but it has been almost two or three years now. As for whether there will be any The third three years? Not too good to say.

"Mr. Xia, Xiong Xiaoge and the others are planning to withdraw this time, should I persuade them?"

Xia Jingxing asked with a smile, "They are not optimistic about the development of penguins anymore?"

"There is a point, but the main reason is that they are afraid of offending you. If they continue to hold Penguin stocks, it is equivalent to standing on the opposite side of you.

And standing on the opposite side of you, I am afraid that life will be unstable. "

Xia Jingxing laughed dumbly, it seemed that he really beat the group of venture capitalists and knew what things should not be mixed up.

"If they all sell their stocks, then you will be the only one left. It's a bit of an eyesore! It's not good for your activities."

"It's okay, I've figured out a solution!"

Tong Shijie looked at Xia Jingxing with Zhizhu in his hand, and said, "I can go to Li Yikai. He is from Banana, and I am from Yizhou. They are both reactionary and naturally have a foundation of trust."

Xia Jingxing smiled when he heard the words, "Okay, then I'll give you some additional activity funds and invest another 200 million US dollars for you!

You take this money and accompany Mr. Li Er, and accompany him. If you have any good projects, take him to vote together. "

Tong Shijie was stunned secretly, the boss really spared no expense in order to cheat the second son of Li!

But then again, 200 million US dollars is just a trivial figure for President Xia. It is still very cost-effective to use this amount of money to clean up the second Li, who is against him everywhere. If Li Huangtai can live to death, then more cost-effective.

(end of this chapter)

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