On the first day of gambling, I made hundreds of millions of Hong Kong dollars.
This money seems to be a drop in the bucket for the acquisition plan, but making money is always a good thing.
It's normal for the stock price to rise and fall. If you don't make a profit one day, you can't say it's stable. So Su Yehao didn't take this more than 10 million US dollars very seriously.
He is betting on the general trend in the coming period.
I bet that as the number of Internet users surges and the communications industry usher in a technological explosion, investors and institutions will push stock prices higher.
In terms of certainty, I can barely say 64%, and I am 60% sure that I can make money. As for how much I can make, I can’t say for the time being.
It’s hard to say whether there will be losses next.
It is rare to do such an uncertain business. Compared with investing in Yahoo, this attempt is much more exciting. It is indeed a big gamble.
After studying it that night, Su Yehao decided that if the price continued to rise tomorrow, he would cash out part of the profits and use them to go long on Yahoo stock options, thereby sharing part of the risk.
Financial leverage is a good thing, most suitable for gamblers like him who are short of money.
Others have too few chips and often put all their money on the line. If they lose, it will be difficult to make a comeback.
But Su Yehao is already very rich, and even if he encounters the worst outcome, it will be nothing more than a forced liquidation of the position, a loss of 50 million US dollars, and at worst, he will be heartbroken for a while, not even injured.
If you bet on the general trend and be able to earn a sum of money to start a new project in the short term, the number of ICQ users will account for one-tenth of the total number of global Internet users. By then, the certainty of the success of the TVT project will be greatly increased. It may be
The profit brought is more than one billion US dollars. With Su Yehao's understanding of social networks, it will start at least tens of billions of US dollars.
Otherwise, he would not have thought about clearing out Yahoo stocks. All he can say about this is that ambition is a bottomless pit that will never be filled...
The day after opening a position.
The Nasdaq index fell 0.4% at the opening, giving back more than 5 million US dollars in profits made yesterday.
While Su Yehao was standing in front of the computer, his cell phone suddenly rang. It was an unknown number. After he picked up the call, he asked, "Hey, who's there?"
"Hello, hello! Su Yehao, Mr. Su, right? I am Peng Jinghua, the president of Bank of China's Gangcheng Branch."
"...Oh, I'm right." Su Yehao pricked up his ears subconsciously. When he received a call from the bank at this time, he had guessed something and immediately became energetic.
On the other end of the phone, President Peng continued with a smile:
"During the day, I received a notice saying that Mr. Su, you wanted a loan. The Pengcheng branch did not have the authority to lend in US dollars, and then the order was transferred to me. I wanted to talk to you a few hours ago, but I heard
You said you were in the United States, and I was afraid of disturbing your rest, so I set an alarm clock. Is it convenient now?"
The so-called "Little Mr. Su" actually has nothing to do with age. It is mainly to distinguish him from Su Yehao's father.
[To be honest, I have been using Yeguo to read and catch up on books recently. I can switch sources and read aloud with many sounds. www. Android and Apple are available.]
Su Yehao said decisively: "I have time. I am in California now. I will return to Hong Kong City in a few days. If you want to know anything, you can talk on the phone first."
"It doesn't matter. You're busy with business. What I've heard from others is that you are planning to acquire an American Internet company. It will cost about US$300 to US$400 million?" President Peng then asked.
"Yes, I can raise part of it myself, and I shouldn't need that much. But my assets are temporarily useful, so the collateral aspect is a bit troublesome, but don't worry, my assets are healthy and my repayment ability is no problem at all. I hope it can
Using the shares of the acquisition target as a guarantee means that I hope the bank will fund the acquisition for me."
Su Yehao said seriously.
President Peng understood immediately and asked: "Leveraged buyout?"
"good."
Fortunately, I studied in the classroom at the University of Hong Kong for a few days and often read newspapers, otherwise Su Yehao might not understand it.
The so-called "leveraged acquisition", also known as financing mergers and acquisitions, debt-operated acquisitions, refers to the strategy of a company or individual using the assets of the acquisition target as debt collateral to acquire the company.
The reason why Japan's Dai-ichi Bank has made no move is precisely because it feels that the risk of this kind of leveraged buyout is too high. The main reason is that ICQ's performance is relatively poor. If it were replaced by other real companies, even other Internet companies that have made money,
Maybe they have already agreed to help fund it.
"Our bank has little experience in leveraged buyouts. Even if we agree, we can only use shares as collateral, and we also need other mortgages and guarantees. Don't worry, Mr. Su, you are not afraid of laughing at us. You also know our situation. The financial market is not as good as in Europe and the United States.
Developed, many international businesses have just started..."
Governor Peng is a bit confused. With such a large amount of money involved, the risks involved cannot be ignored.
However, it is difficult to do business in Chinese banks, and often good business is taken away by Hong Kong, British, Japanese and other counterparts. In the end, they can only chew some hard bones. This is the current situation, so every big business
All seem very important.
In fact, the Bank of China also tried to send people to contact Su Yehao's company before, but unfortunately the loan interest was too high and cooperation was never reached.
Su Yehao always feels kind and warm towards the companies in his hometown.
After thinking about it, Su Yehao knew that this business was more troublesome, so he told:
"How about this? During the day, I will ask my assistant to send you my asset statement for review. My liabilities are about 70%, and some of my assets can still be borrowed. As for the guarantee, I can ask my parents for help.
Please help me. I don’t know how much I want to borrow yet, 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 a little."
After speaking with a smile, President Peng asked again:
"If it's convenient, can you tell me which company you plan to acquire? If the acquisition target is in good condition, the approval amount will definitely be higher. I can't guarantee that it will be possible, but as long as Mr. Su, Mr. Su, you choose to cooperate with us, I will definitely do my best.
I’ll do my best to help you.”
Don't look at ordinary depositors, they complain endlessly when faced with a cold bank.
But in fact, competition among banks is extremely fierce. Facing large customers with financial needs, banks are the weakest party.
Therefore, although he felt that Su Yehao's needs were a bit troublesome, President Peng Jinghua was still not ready to give up. He thought that after preparing the information, he would go to the higher authorities to fight for it.
Last time their bank was involved in the Sihai International Cultural and Tourism City project in Pengcheng, people from China Merchants Group and ICBC joined forces to seize the lead. Once they maintained a good relationship with Su Yehao, President Peng felt that there was an opportunity to win over Su Yehao's parents.
This is definitely a top major customer.
After Su Yehao listened, he smiled and said:
"That's troublesome. The company I want to acquire is called ICQ. It is an instant messaging software with seven million active users and has good development prospects. I only have more than 50 million US dollars in cash on hand, and I will eventually borrow money.
How much depends on how much I can earn recently. When I send the information, you can take a look first..."