celestial system of the solar system

Chapter 184 General Tender Offer
The financial term that Wang Chenglin thought of was "comprehensive tender offer"!
There is another term for the so-called general tender offer, which is the privatization of listed companies.Wang Chenglin wants to privatize Wang's company, very much!
There are many advantages and disadvantages for companies to go public, but generally speaking, the advantages outweigh the disadvantages—otherwise, why do so many companies want to go public?
The first benefit of listing a company is that it can raise a considerable amount of funds after listing, and it can also use the company's stock to refinance to raise funds after listing.

If Wang's company hadn't gone public, it might not be able to develop the company to its current scale in another ten years.But now, Wang Chenglin sees a once-in-a-lifetime opportunity: he can buy back all the ownership of the company with only a small amount of money.

Luo Yi's successful bid to acquire 29% of Wang's company shares is almost a foregone conclusion, and Wang Chenglin himself owns 19% of the company's shares.Therefore, Weng and his son-in-law can be calculated as a total of 48% of the company's shares.

If the company is privatized at the price offered by Luo Yi, then only about 5000 million can be used to acquire the remaining 52% of the shares.

Under normal circumstances, this part of the stock should have been worth 26 billion.

The reason why Wang's company shares are so low now is because the Feng family maliciously suppressed and spread rumors wantonly.Taking a step back, even if the patent lawsuit is lost, the law also clearly stipulates the actual amount of compensation, and the plaintiff does not just pay as much compensation as he wants.

The amount of compensation can be determined according to the actual loss suffered by the right holder due to the infringement.

However, the plaintiff is only a pure patent company and does not produce corresponding products, so this calculation method is not applicable.In this case, the court will mostly determine the compensation according to the benefits obtained by the infringer from the infringement. The calculation method is "the total number of infringing products sold in the market × the reasonable profit of each infringing product".

Since the VR products of Wang's company have only been developed recently, and the time to enter the country M market is even shorter, the total sales volume is not much.

Moreover, since Wang's company sells VR products in the form of components, the price is quite low.

Calculate its profit based on the cost price of similar products in country M. Although the value is not negative, it is also extremely low. It is good not to be dumped at a low price.

The quantity is not large and the profit of a single item is extremely low, so the calculated amount cannot be too high.

In other words, even if the patent lawsuit is lost, Wang's company will not be hurt because of it-not to mention that the possibility of losing this patent lawsuit is very small.

In this way, if Wang's company is further privatized, more than 20 billion in revenue can be obtained from it. This is how Wang Chenglin is not tempted.

Wang Chenglin didn't consider this plan before because of two considerations.

The first reason is Wang Chenglin's inability to raise the corresponding funds.

He doesn't have much cash of his own.If you seek financing from financial institutions, you need to convince the financial institutions that Wang's company has the ability to repay the loan after it is privatized.

However, there is a logical paradox here.

If Wang Chenglin cannot restore the confidence of financial institutions in Wang's company, then financial institutions will not provide financing for Wang Chenglin.

Suppose Wang Chenglin succeeds in convincing the financial institution that the market value of Wang's company is seriously undervalued.So why didn't the financial institution buy the stock of Wang's company by itself, but chose to help Wang Chenglin?Don't financial institutions prefer to do good things?

Therefore, Wang Chenglin knew that the opportunity was rare, but he could only look forward to it because he had no funds.

The second reason is that when Wang Chenglin figured out the cause and effect, the Feng family had already launched a tender offer for Wang's company.In this case, even if Wang Chenglin suddenly possessed [-] billion in cash, the Feng family, who already regarded Wang's company as their own, would not sit back and watch Wang Chenglin successfully privatize Wang's company.

At that time, Wang Chenglin never imagined that the Feng family would lose the qualification to make a tender offer.

However, "the mountain is poor and the river is full of doubts and no way out, and there is another village with dark willows and flowers."Inexplicably, the Feng family lost the qualification to make a tender offer.As for the funds... Some analysts speculate that the annual revenue of the game company can reach nearly [-] million M yuan even according to the most pessimistic calculation.

Even if Zhenzejing Company does not have that much cash, as long as there is a rumor that it wants to get a loan, banks and other financial institutions will rush to provide loan services.

Now that the opportunity is right in front of you, and you have sufficient funds, why should you let go of this opportunity to make a lot of money?

So Wang Chenglin immediately discussed with Luo Yi about privatizing Wang's company after seeing the analysis agency's speculation.

Luo Yi naturally understands the truth of "the opportunity must never be lost, and the opportunity will never come again".Taking advantage of this once-in-a-lifetime opportunity to privatize Wang's company can indeed make a lot of money from it.

However, Luo Yi had no interest in earning this money.

Now that the stock price of Wang's company is so low, taking the opportunity to implement privatization is essentially cutting leeks.

Of course, Luo Yi doesn't have the kindness of a woman.The stock market is risky, everyone knows this.

As for the fact that Wang's company's stock price is less than one-tenth of the normal price, it's not Wang Chenglin's or Luo Yi's fault.

And even with a privatization, shareholders can choose not to respond to the offer.

From all aspects, Luo Yi can have a clear conscience.

However, "the warehouse knows the etiquette, and the food and clothing are sufficient to know the honor and disgrace."

Now the system gives Luo Yi 1000 gold bars every day, equivalent to more than 30 million RMB, which is more than [-] billion a year.Now Luo Yi is really qualified to say "I'm not interested in money".

So if it's just about making money, Luo Yi is really not interested in making this kind of money - after all, it's not nice to talk about cutting leeks.

It's just that the person who suggested it was Wang Chenglin, so Luo Yi naturally wouldn't throw cold water on it.

What's more, taking this opportunity to fully acquire Wang's company can also deal a heavy psychological blow to the Feng family.

The Feng family used conspiracy to annex Wang's company, Luo Yi was not particularly angry - at least after the Feng family's conspiracy was exposed and Daoxue Feng was made a criminal suspect, Luo Yi calmed down.

But the methods used by the Feng family touched Luo Yi's inverse scales, and Luo Yi kept restraint out of some considerations, so he always felt that his thoughts were not clear.Privatizing Wang's company would make the Feng family unhappy, so Luo Yi was naturally happy to do this kind of thing.

In addition, Luo Yi can also understand Wang Chenglin's mentality.

Wang Chenglin has a net worth of one billion, so he should have also left the stage of being interested in money itself.His focus is on Wang's company, and Wang Chenglin can get a sense of accomplishment and satisfaction from continuing to grow the company he founded.

Since it was the father-in-law who spoke and it would make the Feng family unhappy, and Luo Yi could easily do it, why did he refuse?

Luo Yi was just a little confused.

Although he did not interfere with the tender offer, Luo Yi took the time to find out.

The tender offer letter must state the acquirer's plan for the company in the future, including whether it will continue to purchase shares.

If Luo Yi proposes another privatization acquisition after completing the acquisition of 29% of the stock, Luo Yi is not sure whether it will violate the law or not, but he will definitely breach the contract.

Regarding Luo Yi's doubts, Wang Chenglin laughed.

(End of this chapter)