Before the excitement had passed, the investment enthusiasm of investors and institutions was ignited the next day, and the Nasdaq market continued to rise sharply, turning green.
The U.S. stock market was rising and falling. At first, Su Yehao was not used to it, but he gradually accepted it.
Officially started contacting ICQ shareholders.
Three days in a row.
Su Yehao met with ICQ people twice, but some price details were not agreed upon. ICQ shareholders not only wanted to get 330 million U.S. dollars, but also wanted to retain 20% of the shares, which suddenly made it six months more expensive.
Tens of millions of dollars.
Of course I will not agree to such an excessive request.
So during the second negotiation, Su Yehao proposed that he was willing to pay an additional five million US dollars, but he had to acquire the entire company.
ICQ has many shareholders, including three co-founders, plus a group of financing shareholders, including company executives who are fanning the flames. It is not easy to make a decision.
After the second negotiation, they didn't say the deal was done, nor did they say it couldn't be done. The ambiguous attitude made Su Yehao very unhappy.
This is barely bad news.
There is good news too.
The stocks he originally held, plus the long positions set up to make quick money, earned Su Yehao more than 120 million US dollars in paper wealth in just four days.
The U.S. stock market is large and there are many investors. The daily trading volume of Nasdaq is gradually increasing, and there are also many speculators who like to play options.
Options are a zero-sum game, and there is never a shortage of opponents in the U.S. stock market. A group of speculators who view Internet companies based on traditional value investment concepts always like to short-sell Internet companies on the Nasdaq market.
From Su Yehao's point of view, it was obviously going against the general trend.
Su Yehao, who has made a lot of money in the past few days while watching others jump into the fire pit, just feels very happy about this...
The move to simply increase the price to 335 million US dollars also has the meaning of "not short of money". Although some bubble trends can already be seen in the Nasdaq market, after all, it has just begun.
Still very stable.
Therefore, Su Yehao temporarily decided to continue to hold it for a while and was not in a hurry to cash out and leave.
…
Day five back in Silicon Valley.
Su Yehao received a call from Zhao Yimeng. She said in a depressed tone, "I regret it. Your money has never been sent to me. Can I still regret it now?"
"Of course... no, but even if I allow you to go back on your word, can you guarantee that you will continue to trust me? The Nasdaq index has been rising sharply for four days. Are you not afraid that it will suddenly plummet after the market opens today, and you will lose all your capital and profits?"
After Su Yehao asked the question in his soul, he asserted: "Change your concept. If a businessman is not dark and courageous, how can he have the opportunity to make huge profits? What is more painful than losing money is actually seizing the opportunity but being too courageous.
Little one, he just ran away again."
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Zhao Yimeng, who was taught a lesson by him, replied angrily: "If you mind your own business, I'll fall to death! Also, where is my money?"
"Lend me a few days. How can you be so petty as the eldest daughter of the Zhao family? I'm in the United States discussing business and plan to acquire ICQ. I've been in contact with it several times, but I don't know if I can succeed."
Su Yehao's negotiations with ICQ have long been let go by ICQ.
He probably wanted to use this opportunity to reveal to the outside world that his company was very popular, and to try to find other buyers with higher bids.
Zhao Yimeng was not afraid that he would default on his debt, and became even more depressed after hearing this.
Comparing one person to another is simply infuriating to a person. In the past, Su Yehao had poor grades, was ignorant, and was busy playing all day long. However, less than a year after leaving high school, his business was booming and he became what others call an "excellent entrepreneur."
And her old Zhao family was affected by the Donghuang Group and was still struggling in the quagmire. The stock price had dropped by about 40% from its high point, and there was no sign of a rebound.
Even the new headquarters originally built was bought by the Su family's Sihai International Group at a low price.
Every time she met Su Yehao, Zhao Yimeng's pride would be shattered to pieces. No wonder she gritted her teeth and clenched her fists to hit him.
Her voice continued: "I can lend it to you, but I have to pay interest. I contacted you today because I actually want to ask if your family is interested in a hotel. The Donghuang Garden Hotel in Sheung Wan is for sale for one billion Hong Kong dollars."
After hearing this, Su Yehao said in surprise: "If I remember correctly, it opened in August last year. The investment seems to be more than one billion Hong Kong dollars? It is also the core asset of your family. After the bank gives your family a loan, it should not be so short.
You already have the money, so why sell it?”
"We barely managed to get through the difficulties, but the capital flow was still very short. The total cost was HK$1.9 billion, and it was sold at almost half of the price."
Zhao Yimeng sighed and continued: "My parents want to transform. I talked to your dad last month. They are going to continue to reduce the debt ratio and start over with a light load. It is very likely that they will go to the mainland to give it a try and sell it.
The decision to build the Donghuang Garden Hotel was just approved by the board of directors today. This hotel is superior to the Peninsula Hotel. The Peninsula is too old. Originally, my parents wanted to treat it as my dowry, but I didn’t expect it to depreciate so much all of a sudden.”
"... Then why should I spend money to buy it? Can't you just bring it to me when the time comes?"
With Xiao Nizi not around, Su Yehao continued to run wild and let himself go.
On the other end of the phone.
Zhao Yimeng was too lazy to continue, always feeling like salt was being rubbed into the wound, and said impatiently: "Anyway, please ask for help, the price can't be lower."
The Donghuang Garden Hotel, located in Sheung Wan, Hong Kong City, is currently being pledged for a loan by Donghuang Group.
As real estate prices in the port city continue to fall, banks have recently proposed to supplement the collateral, otherwise they are likely to withdraw their loans.
The partner of Donghuang Group is HSBC. A group of British senior executives from HSBC have no intention of sharing weal and woe with Hong Kong companies. If they say they want to borrow money, they will really do so. Then it will be another heavy blow to Donghuang Group.
Plus the interest is a lot, so it’s better to cut the meat yourself.
The financial crisis in Southeast Asia continues to this day and has not passed yet.
From time to time, international hot money tried to counterattack, or pretended to scare people. Both the stock market and the property market plunged, falling again and again.
The Hong Kong dollar is still strong, but speculators have already obtained the returns they want from the Hang Seng Index and bargain-hunting oversold assets. The Zhao family is also raising funds and constantly increasing its holdings in Donghuang Group. For this reason, it has invested heavily
7.8 billion Hong Kong dollars.
Last time Su Yehao went to the Peninsula Hotel to attend a wedding, and he also thought about owning a hotel of his own one day in the future.
The opportunity suddenly appeared in front of him. Su Yehao felt that if he spent 300-400 million Hong Kong dollars out of his own pocket and borrowed the remaining funds from the bank, it seemed to be quite good. It was suitable to be used as a core asset and play a role in leaving a way out.
Since the high point last year, real estate prices in Hong Kong have fallen by almost half. After the bubble evaporated, asset prices not only became reasonable, but also showed signs of being oversold.
Unlike the acquisition of ICQ, for a hotel purchase transaction like this, banks are happy to provide funds and loans should be no problem.
After a brief struggle, Su Yehao found that he really wanted it. Intellectually he knew that the appreciation potential was not that great, but his sensibility told him that owning a super luxury five-star hotel would be very satisfying.
Not yet determined, Adrian from McKinsey came over again.
It's a little surprising that AOL was so quiet, with no intention of following up, and still insisted on the US$320 million offer.
After a short analysis, Su Yehao guessed the problem.
It can only be that those guys are not optimistic about his development after acquiring ICQ. Now that the trouble has been "settled", of course there is no need to spend more money to acquire a peer company that is of no use at all...