Fight to the third generation

Su Yehao knows this, but he doesn't think that he will go astray like ICQ. The advantage of TVT is to use social functions to bind users, and functions such as personal space and decoration can also create profit points.

Adrian nodded and said, "There will definitely be troubles. I want to get a thorough understanding of this company first. In a few days, as an intermediary, I will meet ICQ's major shareholders."

"I'm going too?" Su Yehao asked him.

Shaking his head, Adrian told: "If you go, it will make the contact more formal, and I hope to know what the management thinks first. I am just a middleman, and it doesn't matter even if I am rejected. It will be too much for you to come forward. Take this deal seriously."

After listening to it, Su Yehao didn't say any more as he thought it seemed reasonable.

The acquisition plan involving [-] to [-] million US dollars will definitely not be completed in a short while, not to mention that the bank has not yet given an accurate answer, so contact them first to understand the situation.

After leaving McKinsey Consulting on Fengsha Road, Su Yehao contacted John Zhou by mobile phone and asked him if he had hooked up with Yahoo founder Yang Zhiyuan.

Knowing that Boss Yang is away again, to discuss an acquisition with a company in Canada, Su Yehao went home to rest first, and planned to go to the company again in the afternoon...

……

More than ten hours later, Tokyo.

The First Quanye Bank has a strong strength, but this time it involves a loan project of at least 3 million US dollars, and the news is passed up layer by layer, and finally reaches the ears of the head of the head office.

For this reason, the big president specially called the directors who manage the Hong Kong City branch, and the president of the First Quanye Securities Company, etc., accompanied the president of the Hong Kong city branch to hold a meeting.

The big president asked about Su Yehao's situation, opened the information and browsed for a while, and asked with a slight frown:

"He is a big customer and has a lot of loans in our bank. If he borrows another 5000 million U.S. dollars according to his wishes, he will owe us a total of [-] million U.S. dollars. Isn't it a bit risky?"

The president of the Gangcheng branch could only stand and talk in front of the big president, the directors of the head office, and the presidents of the subsidiaries. He chimed in and said:

"Su Yehao's credit is very good, and his assets far exceed his liabilities. Two businesses are guaranteed in the name of his father's company, so the risk is relatively small. ICQ, which he plans to acquire this time, is also a well-known high-tech company. Ben has 50 users, user growth data and market share, etc., I made statistics separately."

The big president looked at the information again, smiled happily, and then said:

"He just used our money to speculate in stocks before. The risk is uncontrollable. Once the stock price plummets, are you sure he can repay the loan in time? The situation of this American company called ICQ is even worse. It lost a total of 6000 million US dollars last year. , the revenue is only 800 million U.S. dollars, will our company continue to give him loans after he buys it?"

The director flattered decisively, and wanted to climb up one step further to become an executive director. He echoed, "I also think the risk is too great, and I should think about it again, so I came here specifically to ask for your opinion."

The head of the branch glanced at his immediate superior, and wisely said nothing more, instead suggesting to recruit several interested colleagues to jointly fund and provide loans.

This set of plans was once again rejected by the chief executive.

Su Yehao is indeed valued by the people of First Quanye Bank, but there is an upper limit to this importance.

Soon, Su Yehao received a call from the president of the Hong Kong City Branch, saying that the approval of the project might be a little troublesome, and he was still trying to get it...

Chapter 312

For two days.

The so-called fight, and no other news came.

Su Yehao, who is used to reaching out for money, has already sensed that something is wrong... Guessing that he might be put on a pigeon, his acquisition plan was rejected by the First Quanye Bank.

In order to avoid slack in the McKinsey consulting firm that was preparing, Su Yehao chose to conceal the news that the loan might go wrong from his partner Adrian, and instead began to actively contact other banks that had approached him proactively, so that Nong Qingying and KOKO could get involved. Vote for help.

Assistant Zhuang Wei found all the business cards that had been kept as waste paper before. Among them were Hong Kong-funded banks, as well as representatives from banks in Japan, the Mainland, Taiwan, Europe and the United States.

Su Yehao mainly continued to consider other banks in Japan due to loan interest considerations, but from the perspective of safety, banks in Hong Kong City and mainland China were more reliable.

It takes about 30 billion Hong Kong dollars at a time. The number seems a bit scary, so Su Yehao thought about breaking it up into parts and finding more banks to try to cooperate with loans.

He knew the truth about not putting all his eggs in the same basket. However, the cooperation with the Hong Kong Branch of First Quanye Bank was very comfortable before, so he didn't try to find a new cooperative bank. It was only now that Su Yehao realized that he was stupid.

It would be a waste of energy to look for a reliable bank again and contact them from scratch. From this morning until now, Su Yehao has been calling constantly.

In this kind of matter, his parents can definitely help, but in order to avoid being taught a lesson by his parents, Su Yehao thinks it's better to try it first, and contact them after he is really desperate.

There are only a few solutions in front of Su Yehao.

One is to try to find new sources of funding.

The second is to abandon the acquisition of ICQ as a whole, instead of financing or acquiring some shares.

The third is to earn more money in the short term, and strive to earn enough funds before the transaction starts and ends.

The fourth is to sell part of the Yahoo stock and cash out [-] to [-] million U.S. dollars as a pledge, so that the banks can feel a little more at ease and reduce their risks.

Facing these solutions, Su Yehao chose one and three.

The progress of finding cooperation with other banks has not been smooth, and it will take time to investigate and understand plus running-in.

And Su Yehao asked Nong Qingying to help him open an account with Morgan Stanley in the Hong Kong city, cash out 5000 million US dollars for the time being, and ambitiously searched for a reliable investment target. By analyzing the latest global trends in the near future, he tried to gamble Let's use the 5000 million US dollars plus leverage to try to get a big ticket.

When Nong Qingying finished opening an account in the Hong Kong City Morgan Stanley branch in the name of KOKO Venture Capital, she came all the way to meet Su Yehao with the documents.

When she saw Su Yehao standing in front of the computer with all kinds of materials piled up in front of her, she said in surprise, "It's only been a few days since we saw each other, and you haven't shaved, you look so haggard."

"Haggard? I'm fine, I'm just excited."

Su Yehao pulled a chair, let Nong Qingying sit beside him, and then said with a smile: "It was too smooth before, and some ambitions and courage were temporarily suppressed. It is rare to encounter a chance to gamble. This time I must Just do it hard!"

"...Who is the first vote?"

With a smile on her lips, Nong Qingying suddenly started the car.

Su Yehao, who was stunned for a moment when he heard the words, laughed and said: "You have changed, and you have become more likeable. In fact, you don't need to come all the way here. I'm going to go back when I have time."

"I care about you. I contacted the bank for a loan and transferred money. I thought you were tied up by someone."

Sitting beside him, Nong Qingying took off her high-heeled shoes, put her long legs on Su Yehao's lap, and continued to ask: "I can understand the loan, but you said on the phone that increasing leverage is crazy, what's going on? "

The black stockings delivered to the door, Su Yehao began to be dishonest, and at the same time, he sighed and said:

"I'm still too poor. I think it's better to ask for others than to ask for myself. I plan to earn more money. Even if I start negotiating with the acquisition target and succeed, it will probably take a month or two. During this time, I plan to earn [-] million If it reaches [-] million U.S. dollars, if you pay part of it yourself and let the bank bear part, you will be more confident of success. Even I feel that asking the bank to pay all the funds is a bit like a white wolf with empty hands, which seems unreliable."

"Your loan amount is too much, and there is no collateral. They are not optimistic about ICQ and do not want to accept ICQ shares as a pledge. I am afraid that not only will you not make any money, but you will also use the capital you have obtained from cashing out. One or two months Earn one or two hundred million dollars, why don't you say that you have wings and can fly into the sky?"

Nong Qingying felt that Su Yehao was good at everything, but he was a playboy, and occasionally he seemed too edgy.

Su Yehao said with a smile: "To tell you the truth, I already have some clues. It just so happens that the financial report will end next month, and the stock prices of a group of companies are likely to soar."

heard.

Nong Qingying guessed something in an instant, and asked: "So...it's not about commodities and foreign exchange, or is it speculating on American Internet companies?"

"Yes, Cisco and Oracle, their plates are big enough, and I can use greater leverage."

Su Yehao just finished speaking, and added with a sigh: "If it fails, then I have to make a choice between developing my own company and reducing my investment in Yahoo. In case AOL acquires ICQ, then I will It will miss an opportunity to let TVT expand wildly."

Nong Qingying, who had already seen it clearly, knew that Su Yehao was ambitious, wanted too much, and was just looking for trouble.

She said calmly: "I would like to advise you to be more cautious, but you never listen to my advice. At worst, you lose until you have no pants left, and you can still inherit the family's real estate company and medical group."

Standing up and stretching, Su Yehao hugged Nong Qingying, and said cheerfully, "Come with me to take a shower and shave. I've been analyzing Cisco's recent performance. Relax and be happy first."

He hugged Su Yehao's neck tightly.

Nong Qingying dozed off, and only told: "Let me sleep first, can you? I met a fool on the plane, and brought a child to make noise all the way, and the stewardess gave me earplugs, it didn't help."

How can I let her go so easily, when Nong Qingying starts to catch up on sleep, it will be more than half an hour later...

The day.

Cisco shares edged down 0.2 percent.

The next morning, Su Yehao used 3000 million US dollars as a deposit to leverage a [-] million US dollar option contract.

The other 2000 million U.S. dollars was used as a deposit, and through the Morgan Stanley Port City branch, Oracle stock options worth [-] million U.S. dollars were bid.

The former is 100 times leveraged, and the latter is [-] times leveraged. A small fluctuation involves millions of dollars. The day is ups and downs, and the profit in a single day is more than [-] million U.S. dollars.

Unlike Yahoo, these two companies have a relatively large plate, and this position is less than 1% of the total market value of the two companies.

Even so, Su Yehao's actions have also attracted attention. There was even news from the "Wall Street Journal" that some Hong Kong City agencies are working hard and are optimistic about the prospects of these two companies...

Chapter 313 Bank of China's President Peng

On the first day of gambling, he earned hundreds of millions of Hong Kong dollars.

This amount of money seems to be a drop in the bucket for the acquisition plan, but it is always a good thing to make money.

It is normal for the stock price to go up and down, and it is not safe to say that one day is not safe, so Su Yehao didn't take the more than 1000 million US dollars to heart.

He is betting on the general trend of the next period of time.

Bet that as the number of Internet users soars and the communications industry ushers in a technological explosion, shareholders and institutions will push the stock price to rise further.

In terms of certainty, it’s only about [-]% or [-]% of the time. There is a [-]% certainty that you can make money. As for how much you can make, it’s hard to say for the time being.

It is hard to say whether there will be losses in the future.

It is rare to do this kind of uncertain business. Compared with investing in Yahoo, this attempt is much more exciting, and it is indeed a big gamble.

After researching that night, Su Yehao decided that if the price continued to rise tomorrow, he would cash out part of the profit and use it to buy long Yahoo stock options, thereby sharing part of the risk.

Financial leverage is a good thing, most suitable for a money-poor gambler like him.

Others have too few chips, and often put all their eggs in one basket, and it is difficult to turn around if they lose.

But Su Yehao was already very rich, even if he encountered the worst outcome, he would just forcefully liquidate his position and lose 5000 million US dollars. At worst, he would be distressed for a while, not even hurting his bones.

If you bet on the general trend, but you can earn a sum of money to start a new project in a short period of time, and the number of ICQ users accounts for one-tenth of the total number of Internet users in the world, then the success of the TVT project will be greatly increased. The profit brought is more than one billion US dollars. With Su Yehao's understanding of social networks, at least it will start with tens of billions of dollars.

Otherwise, he wouldn't be tempted to liquidate Yahoo stocks. He can only say that ambition is a bottomless pit that can never be filled...

The day after opening a position.

The Nasdaq index fell by 0.4% at the opening, and the profit made yesterday suddenly gave back more than 500 million US dollars.

When Su Yehao was standing in front of the computer, his cell phone rang suddenly. After he connected to an unfamiliar number, he asked, "Hello, who is it?"

"Hello, hello! Su Yehao, Mr. Su, right? I'm Peng Jinghua, the president of Bank of China Hong Kong City Branch."

"...Oh, I'm right." Su Yehao pricked up his ears subconsciously. When he received a call from the bank at such a time, he had already guessed something, and suddenly regained his energy.

President Peng continued on the other end of the phone with a smile on his face:

"During the day, I received a notice saying Mr. Su, you want a loan, and the Pengcheng branch does not have the authority to loan in US dollars, so I transferred the order to me. I wanted to talk to you a few hours ago, but listen You said you were in the United States, and you were afraid of disturbing your rest, so you set an alarm clock, is it convenient now?"

The so-called "Little President Su" actually has nothing to do with age, but mainly to distinguish him from Su Yehao's father.

Su Yehao said decisively: "I have time, I am in California now, and I will return to Hong Kong City in a few days. If you want to know something, you can talk on the phone first."

"It doesn't matter, you are busy with business, but I was not told much about it before. I heard that you plan to acquire an American Internet company? It will cost about [-] to [-] million U.S. dollars?" President Peng continued to ask.

"Yes, I can also raise part of it myself, and I shouldn't need that much. It's just that my assets are temporarily useful, so it's a little troublesome in terms of pledges, but don't worry, my assets are healthy and my repayment ability is completely fine. I hope I can Using the shares of the acquisition target as a guarantee, that is, I hope the bank will invest in the acquisition for me."

Su Yehao spoke seriously.

President Peng immediately understood, and asked, "Leveraged buyout?"

"good."

Fortunately, I have studied in the Hong Kong University classroom for a few days, and I often read newspapers, otherwise Su Yehao might not understand.

The so-called "leveraged buyout", also known as financing mergers and acquisitions, debt management acquisitions, refers to the strategy of companies or individuals using the assets of the acquisition target as debt collateral to acquire the company.

The reason why Japan’s First Quanye Bank has been silent is precisely because it feels that the risk of this leveraged buyout is too high, mainly because ICQ’s performance is relatively poor. If it is replaced by other real companies, even other Internet companies that have already made money, Maybe they have agreed to help finance it.

"Our bank has no experience in leveraged buyouts. Even if we agree, we can only take shares as collateral, and we need other mortgages and guarantees. Don't be afraid of Mr. Su's joke. You know our situation. The financial market is not as good as that in Europe and the United States. Developed, many international businesses just started..."

President Peng is in a bit of a dilemma. With such a large amount of funds involved, the risks involved cannot be ignored.

However, Chinese-funded banking business is difficult to do. Often good business is taken away by Hong Kong-funded, British-funded, Japanese-funded counterparts, and in the end they can only gnaw some hard nuts. All appear to be important.

In fact, the Bank of China also tried to send people to contact Su Yehao's company before, but unfortunately the interest on the loan was too high, so no cooperation could be reached.

For the enterprises in his hometown, Su Yehao always felt kind and warm.

After thinking about it, Su Yehao knew that this business would be troublesome, so he told him:

"How about this? During the day, I will ask my assistant to send you my asset statement for review. My debt is about [-]% and I can continue to borrow some of my assets. As for the guarantee, I can ask my parents for help." Help, I don’t know exactly how much money I want to borrow, but we can discuss it in detail at that time.”

"Oh? As long as there is a mortgage and guarantee, it should be easier to pass. I can also ask the head office to find a way to help you. Some conditions can be relaxed."

President Peng finished speaking with a smile, and asked again:

"If it is convenient, can you tell me which company you are planning to acquire? The acquisition target is in a good condition, and the approval amount will definitely be higher. I can't guarantee that it will be possible, but as long as Mr. Su chooses to cooperate with us, I will definitely do my best. I will do my best to help you."

Don't look at ordinary depositors, they are complaining endlessly in the face of cold banks.

But in fact, the competition among banks is extremely fierce. Facing large customers with financial needs, banks are the weak side.

Therefore, even though he felt that Su Yehao's request was a bit troublesome, President Peng Jinghua was still not ready to give up. He thought that after preparing the materials, he would go to the higher authorities to fight for it.