Rebirth of the Official Business Route
Chapter 1144 The transaction behind
Regarding the integration of Internet resources, Dongda Chuangyu and Zhuoyu will not bring water, but Quantum Online is an overseas listed company after all. For example, a large-scale business adjustment needs the approval of the board of directors.
Although it is the largest shareholder, and the management's shareholding ratio is quite high, if foreign shareholders insist on boycotting, it is still impossible to implement.
The board of directors of Quantum Online has two representatives of foreign directors. One represents the venture capital fund of Walden Group, and the other represents the venture capital fund under Goldman Sachs. Nasdaq listing, the participation of these two venture capital funds is indispensable. w Novel chapters are updated the fastest
After six months of online listing, Quantum made a firm decision to reduce its holdings after the lifting of the ban period. At that time, Quantum Online had only 5.5 million shares in the public offering, and ESS's shareholding reduction was as high as 17 million shares. It's not that Walden and Goldman Sachs did not want to reduce their holdings, but they also wanted to reduce their holdings at the same time. To reduce the total amount of holdings, another nearly 30 million shares will be added. Even if the market was in an upward channel at that time, it was impossible to have such a solid market support. After hesitation, both Walden and Goldman Sachs decided to continue holding the stock of Kun Garment Factory Online for the time being.
It never occurred to them that when the ESS holdings were completely reduced, and when they were about to implement the plan to reduce their holdings, the Nasdaq would not be able to withstand it. Within eight trading days, the share price of Quantum Online was almost cut in half. During this process, both Walden and Goldman Sachs tried to reduce their holdings, but the support was too weak. They let go a little bit, and the stock price fell sharply. They had to tacitly suspend the reduction of holdings and wait for the right time to come. w Fiction novel chapters are updated the fastest
Zeng Zihui, Vice President of Goldman Sachs Asia Region, came to Jianye for the first time.
Although the weather in Xun's Jianye in May is already early summer, it is a bit hot, and there are already young girls in short skirts and suspenders on the streets, catching the attention of passers-by.
In the coffee shop facing Xuefu Lane, there is a strong aroma of coffee and transparent floor-to-ceiling windows. The sycamore trees outside the window are lush and green, and from the gaps in the treetops, Fu Ying of a young and beautiful young girl can occasionally be captured. Zeng Zihui didn't understand why Zhang Ke chose to meet him in this ordinary coffee shop, but it felt quite not bad.
Zeng Zihui had many contacts with other Kumho executives, and it was only the third time he met Zhang Tuo. Once in Beijing, it was for Quantum Online to go public on Nasdaq; in San Francisco, it was for global music online equity transactions; Zeng Zihui was also a wunderkind at a young age. At the age of 30, he held the senior position of vice president of Goldman Sachs Asia. He didn't know how this young man who was much younger than himself would feel in this position. Does he have the feeling of being superior and ignoring all living beings? Zhang Ke leisurely stirred the coffee in the cup with a small stainless steel spoon, but the coffee cup may not be too small, he can hold four or five in the palm of his hand at the same time, and the stainless steel coffee pot looks fifteen or six centimeters away High, but the capacity is really limited. Not long after Zhang Ke sat down with Zeng Zifu to chat about the scenery of Jianye, he asked Dai Yingsheng to refill two pots of coffee, which was completely lacking in the elegance and leisure of ordinary people drinking coffee.
Shin Kong Paper’s listing in Hong Kong to raise funds,
Trouble Mr. Zeng is tired from running around, I still want to entertain you well in Jianye, but I didn’t expect your schedule to be so tight, and you have to catch a plane to Beijing at night, Zhang Ke said.
Zeng Zihui watched Zhang Cote drink coffee down his stomach, and there were traces of sweat on the short sleeves of his tennis shirt. Knowing that he had just finished playing tennis and came to see him, he certainly admired his leisure in his heart, and said with a smile: It is not easy to make a living, and I have been thinking about what Ke Shao said last time in San Francisco, since there is a chance to stay in Jianye. I also want to come here to enjoy the leisure of Jianye, but the schedule is too hasty. I have an appointment to meet Mr. Joyce in Beijing at night, but I can stay for an extra day.
The flight from Hong Kong to Beijing is always much more secretive than the flight to Jianye. Zeng Zihui made a special trip to Jianye for a short stay, naturally he has other intentions; Qiao Yiqi is the equity director representative of Goldman Sachs on the board of Quantum Online .
After receiving Zeng Zihui's faxed meeting request from Hong Kong, Zhang Ke understood what he meant. Seeing that he made his intention clear at this time, he also said: I heard that Mr. Joyce is a very interesting one. You can talk to him at night. Let's meet and give him my greetings. I hope he will enjoy his trip to China.
Although the U.S. securities market has a strict regulatory system. But for chaebols like Goldman Sachs, there are not no gaps to exploit.
During this period, the Nasdaq index fluctuated violently. Internet stocks have yet to show signs of stabilizing. The Internet, which has fallen the most, has even lost 80% of its market value, and some websites have begun to close down. The stock price of Quantum Online barely maintained at $20 per share, but it was very fragile. Neither Walden nor Goldman Sachs dared to reduce their holdings rashly.
If Quantum Online can have substantial benefits at this time, it will provide an excellent cover for Walden and Goldman Sachs' shareholding reduction plan. Kumho wants to adjust the network resources of Dongda Chuangyu, Zhuoyu and Quantum Online. In fact, it can deliver greater benefits to Quantum Online and forcibly create a substantial benefit.
As long as Kumho sends 20 to 30 million U.S. dollars in benefits to Quantum Online, it will be able to get Walden Goldman Sachs' nearly one billion U.S. dollars of stock safely out-this is Zeng Zihui's intention. Of course, no one can trust anyone. Just point to the meaning of the words, and don't speak clearly so as not to leave clues.
The U.S. securities regulatory system cannot supervise operations at this level, which is why American citizens hate monopoly. Many commercial monopoly behaviors and the plunder of ordinary people are often blanks that cannot be supervised by the legal system.
Of course, the business world puts interests first, and there are not many human feelings to talk about. At the beginning, ess chose to resolutely reduce the treatment. As for Walden, Goldman Sachs' suspension is actually a cover for ess, allowing ess to pick up a big bargain and successfully cash out at a high position, but there is no need to return the favor.
What's more, Zeng Zihui's trip may not represent the Goldman Sachs company behind it, but more likely represent an internal group of Goldman Sachs that Zeng Zihui participated in. Goldman Sachs missed the opportunity to reduce its holdings of Quantum Online stock, resulting in hundreds of millions of dollars of high due profits turned into a mirror, and high-level figures are bound to do so. Instigating Zeng Zihui to come forward may be the self-protection action of some people in Goldman Sachs.
Of course, Zeng Zihui's asking price was not cheap.
Shin Kong Paper is actively preparing to list on the Hong Kong Stock Exchange to raise funds to start a larger pulping project. Just when the Internet bubble burst, Hong Kong stocks were greatly affected. After the Asian financial crisis, red-chip stocks have been in a downturn. As a domestic private enterprise, it is still unimaginably difficult for a domestic private enterprise to go public in Hong Kong to raise funds, and the amount of fundraising is more than one billion US dollars.
Last year, CNOOC was listed in Hong Kong, and the fundraising amount was only one billion US dollars.
Although the profit level of Xinguang Paper is high, the profit level has been increasing rapidly in recent years. But the size of net assets is still a bit small after all.
Although many investment institutions are interested in participating in the stock exchange of Shin Kong Paper, they still feel that Kumho’s offer price is too high. Investment institutions such as Goldman Sachs, Guoyu, and HSBC hope that the stock price of Shin Kong Paper can be reduced by one-third.
At this time, there was a stalemate, investment institutions, and underwriters were all biting hard, and there has been no progress.
Zeng Zihui's position as the vice president of Goldman Sachs Asia is quite critical. It can indeed provide great convenience in this process, and it can even shake Goldman Sachs' attitude first, thus putting Kumho in an active position.
To put it bluntly, this is the trick. Zhang Ke has no psychological burden at all to cheat American stockholders. Perhaps American stockholders will feel that Kumho is delivering benefits to them.
After drinking coffee happily, Zhang Ke specially asked Fu Jun to take Zeng Zihui to the airport in the extended Lincoln.
later...
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