Chapter 506: Invest in Wangke and spend 50 billion!
Monday, October 19th.
In the blink of an eye, another half month has passed, and there are not many major events in the Germination series. One thing that can be mentioned is that the first 3A masterpiece "Black Myth" under Jade Bird Interactive Entertainment has finally started its first deletion.
Internal beta.
There is no doubt that a wave of Westward Journey craze has been set off around the world.
Chinese players were so excited that they flooded into the Lingjing platform like crazy. Even with Qingyun Data's strong maintenance of the Lingjing platform, there were still hundreds of disconnections that day.
It shows how enthusiastic the players are.
In the future, "Black Myth" will continue to be strong with its high-quality production, sweeping the global gaming circle, and will completely rewrite the stereotype that "China has no 3A masterpieces".
Reshaping the new pattern of global 3A masterpieces.
It has also raised the status of Jade Bird Interactive Entertainment in the hearts of global players once again, because Jade Bird Interactive Entertainment has truly achieved full category coverage, and they are all high-quality products.
"A product produced by Jade Bird must be a high-quality product" has become a consensus in the global gaming circle.
The brand influence is unshakable!!!
………
The second major event that happened within Sprout is that Mango Group successfully completed its Series A financing.
With a valuation of RMB 200 billion, Mango Group transferred a total of 12.5% of its equity to seven investment institutions including China State Investment, Binhai Urban Investment, Modu Urban Investment, and Zhongwu Urban Investment, successfully raising RMB 25 billion.
.
This is also the largest financing to date in the global new energy vehicle field.
Compared with Teshela's market value of 170 billion in the same period, Mango Group's valuation of 200 billion is relatively reasonable. When the news came out, it once again aroused the jealousy of many overseas investment institutions.
However, Sprout persisted and refused to give these overseas capital giants a chance.
after all.
Considering the future development potential of Mango Group, it should be no problem for the overall valuation to exceed 2 trillion.
That means——
The investment institutions participating in Mango Group's A-round financing are expected to receive ten times the expected return. This does not include the annual equity dividends that Mango Group will pay after it achieves large-scale profits in the future.
In fact, investment institutions such as Modu Urban Investment and Binhai Urban Investment pursue stable investment. What they value most is not the increase in valuation, but the actual annual dividend income.
This is called slow water and long flow.
Therefore, without special circumstances, these institutions are unlikely to reduce their equity holdings in Mango Group, which in disguise maintains the stability of the shareholder composition of Mango Group.
To avoid internal setbacks.
After the A round of financing, Sprout Holdings will still hold 87.5% of the equity of Mango Group. Based on the current valuation, it has already achieved two to three times investment income compared to the initial investment.
Sprout Holdings will also remain the largest shareholder and controlling shareholder of Mango Group.
Similarly, with the financial support of 25 billion, Mango Group will become more leisurely with its development plans in the next few years, whether it is building a new factory, expanding production capacity, or even increasing research and development.
Be at ease and don't have to worry about funds anymore.
With the strong emergence of Mango Auto from the industry, coupled with the recent Dacong emissions scandal, an investment boom in the new energy vehicle track has been set off.
According to incomplete statistics, more than a hundred new energy-related companies have been registered and established in the past month.
This shows how popular it is with capital.
As one of the leaders in new energy vehicles, Mango Group certainly has no reason to rest on its current performance. In the next few years, it will increase its efforts, accelerate development, and continue to consolidate its leading advantage.
If you want to do it, do it the strongest!!!
Currently, in the Chinese market, the most high-profile announcement of entering the new energy vehicle track is Pessimism, which has been in the whirlpool of public opinion.
Just last week, Beiwang held a large-scale press conference in Beijing with the theme "No Ecology, No Rebellion."
The press conference was massive and star-studded. At the conference, Zhen Yaoting established seven major sub-ecosystems, including large screen, content, sports, Internet and cloud, Internet finance, mobile phones, automobiles, etc.
Looking at this posture, it seems that it is not affected by the rumors that "the capital chain is about to break".
In this regard, Zhang Shuo really has to admire Zhen Yaoting's strong heart. Through mediation and communication in recent months, Sadness has basically locked the White Horse Knight.
It is reported that he is still the successor from the original time and space.
So brave!!!
………
Globally, the biggest news in the technology circle in the past half month is undoubtedly that Dai Er completed the merger and acquisition of the famous data storage manufacturer EMC at a price of US$67 billion.
The new company after the merger will be named Daier Technology Group.
This record-breaking mega-merger also broke the technology M&A record of chip manufacturer AT acquiring Broadcom for US$37 billion.
It can be called another typical case of "snake swallowing the elephant".
Because just in 2013, due to the shrinking PC market, Dai Er faced a slowdown in revenue and a shrinking business scale, and finally chose to privatize the company for US$24.4 billion and delist.
According to data, EMC was founded in 1979 and is the world's largest enterprise data storage manufacturer. It can provide innovative product portfolios and services from clients to data centers to the cloud for customers of different sizes in 180 countries.
In addition to cloud computing storage technology, VMware, a subsidiary of EMC, has industry-leading virtualization technology that can simplify servers and save costs.
With this "Snake Swallows Elephant"-style merger and acquisition, Dai Er suddenly became the overlord in the field of enterprise data storage.
Market share exceeds 35%.
Dai Er has also transformed into a technology company that integrates infrastructure, servers, storage and data protection software and hardware, and has the strength to rival competitors such as IBM in terms of software services.
“It’s really enviable!”
Cloud computing and big data are one of the mainstreams of future technological development, and these are inseparable from the support of data storage technology and data centers.
In this area, EMC is undoubtedly a very good investment target.
If Qingyun Data, a subsidiary of Qinghe Group, can "swallow" EMC, it can take the opportunity to expand its cloud computing services globally.
Becoming the world's number one cloud computing service provider is a matter of course.
But this is just a thought.
Not to mention the current budding situation, there is not enough capital to acquire EMC. Even if there is, I am afraid it will be difficult to pass the test of the beautiful country.
Even if you pass the test, it's possible that it might come to naught one day.
When it comes to acquiring companies from Beautiful Country, Zhang Shuo is cautious until the Vision Fund becomes bigger.
What's more, in the sequence of overseas large-scale acquisitions by Sprout Holdings, the acquisition of Xianzhengda is obviously much higher than the acquisition of EMC.
I can only envy it.
………
After the meeting, Zhang Shuo returned to the office.
As soon as I sat down on the chair, secretary Tang Lili knocked on the door and came in, saying warmly: "Chairman, Mr. Zeng from Wangke has arrived and is waiting in the reception room."
"Really? Please come in quickly. By the way, call Mr. Lu here too." Zhang Shuo ordered.
"OK."
Tang Lili turned and left, leaned slightly, and then led Lu Kai and Zeng Liang in.
The latter is the general manager of Wangke Group.
After the founder of Wangke semi-retired, Zeng Liang was actually the de facto operator of Wangke Group. He was known in the industry for his calm personality and low-key work.
The purpose of Zeng Liang's visit can be imagined.
Recently, facing the invasion of barbarians, Wangke contacted many parties to find a suitable white knight, including the last conversation between his second uncle Tang Yi and Zhang Shuo, which was also one of Wangke's ways to save himself.
However, as time goes by, the effect is not very good.
On the contrary, the barbarians are coming with force. In the past month or so, they have continued to purchase Wangke shares in the secondary market, threatening their position as the largest shareholder.
Why is Wangke not in a hurry?
At this critical juncture, Wangke once again thought of the super trench of Germination.
"boss Zhang!!!"
Although Zeng Liang was older than Zhang Shuo, after entering the door, he took the initiative to trot forward to shake hands with Zhang Shuo and say hello. Not only because he was asking for help this time, but also because Zhang Shuo was indeed a legend in the business world.
He has long exceeded the age limit.
"Please sit down!"
Zhang Shuo looked gentle and smiled as he invited Zeng Liang and Lu Kai to sit on the sofa.
Tang Lili served fragrant tea.
Since this was the first time we met, we naturally had to exchange greetings first. Fortunately, with Lu Kai, an experienced communicator, there was no need to worry about the atmosphere getting cold, and the conversation was lively.
On the contrary, it was Zhang Shuo, the master, who was drinking tea at the side with a smile.
After the chat was almost over, Zeng Liang entered the topic and derived the purpose of his visit——
"Mr. Zhang, I don't know what Moya's attitude is towards our previous proposal?"
Before the visit, Wangke had made a lot of preparations. In addition to asking Binhai City to help connect people, he also formally sent a cooperation invitation to Moya to show his sincerity.
Zeng Liang’s so-called proposal is that Wangke invests in Moya Holdings or Moya and invites Moya to become Wangke’s largest shareholder through a private issuance of new shares.
The premise is——
Moya must promise to act in concert with Wangke's management. Best of all, Moya can act as a purely financial investor and not get involved in Wangke's management.
Otherwise this cooperation will lose its meaning.
"Of course I am very happy that Wangke can invite Meiya. But to be honest, Meiya has always been very resistant to entering the real estate industry. Otherwise, real estate companies would not have been banned before."
Zhang Shuo said in embarrassment.
"There is a difference between pure investment and direct exit," Zeng Liang explained.
From Zhang Shuo's expression, Zeng Liang couldn't tell whether Zhang Shuo's words were deliberate or his true thoughts. He couldn't help but sigh in his heart. It's no wonder that he has achieved such an achievement at such a young age.
This city alone is beyond the reach of ordinary people.
Regarding Mei Ya's hesitation, Zeng Liang was mentally prepared before coming. After all, he had done very detailed homework. Of course, he knew that Mei Ya had always had little interest in entering the real estate industry.
In a sense, it is Sprout's resistance to the real estate industry that is more in line with Wangke's expectations.
It's a purely financial investment.
"It is not modest to say that in terms of operations in the real estate industry, Wangke's current management team is definitely one of the most professional teams in the industry. On this point, you can rest assured." Zeng Liang added.
Speak sincerely.
"We have indeed heard about Mr. Zeng's ability." Lu Kai smiled and talked.
"I'm just a keeper."
Zeng Liang also smiled, and then looked at Zhang Shuo, "Then, Mr. Zhang, do you want to think about it again?"
A rare feeling of uneasiness arose in my heart.
"Mr. Zeng will not give up until he achieves his goal."
Zhang Shuo was as gentle as ever. He changed the subject and said, "It's not impossible to participate in investment in Sprout, but for the Wangke shares held, the lock-in period cannot exceed three years."
"no problem!"
Zeng Liang agreed directly without thinking, "Of course, Wangke still hopes from the bottom of his heart to have long-term strategic cooperation with a powerful company like Moya."
This is also true.
Not to mention, the smart island project that Sprout Holdings is promoting is a piece of cake.
"Then let's talk about the specific amount."
Speaking of this, Zhang Shuo finally stopped beating around the bush.
"Is such that…"
Zeng Liang also looked excited, "Wangke plans to issue 2.8 billion additional shares to Sprout at a price of 16 yuan per share, accounting for 25.5% of the company's total shares."
In other words, Sprout needs to spend 44.8 billion in real money in exchange for 25.5% of Wangke's equity. Based on Wangke's current market value, the premium is about 17.8%, which is still within the acceptable range.
The cost of acquiring Wangke shares from the secondary market is basically the same as that of Barbarian.
It can be seen that Wangke is very sincere in introducing the strategic investor Moya, and does not make random quotes.
"The offer is acceptable."
Zhang Shuo was also very angry. Instead of bargaining, he asked a question: "How can Mr. Zeng guarantee that Wangke's board of directors will pass this targeted capital increase plan?"
You know, Wangke's biggest problem now is that it cannot control the board of directors.
Directed capital increase must also go through the board of directors first.
"Although the barbarians invaded, Wangke's board of directors has not been reorganized. Therefore, we are still very confident that the targeted capital increase plan will be approved by the board of directors."
Zeng Liang did not speak too fully.
Facing the barbarian invasion was a tough battle in itself for Wangke.
Finding the right person to act in concert is only the first step for Wangke to embark on the "road of self-rescue". Next, it will face many difficulties and tests, and the process will be full of uncertainties.
But anyway.
Being able to get the approval from Germination is already a first victory for Wangke.
It's enough to boost morale.
"After the board of directors approves it, an extraordinary general meeting of shareholders will definitely be held to vote. If the capital increase target is another company, it's hard to say. Germination, it will definitely be fine."
Regarding the extraordinary general meeting of shareholders, Zeng Liang seemed confident.
It’s really because of the deep affinity that Moya has in China. I believe that all small and medium-sized shareholders of Wangke would be happy to introduce a strategic investor like Moya.
You know, Zhang Shuo is regarded as the hand of miracles.
"Then I'll be waiting for your good news."
Seeing this, Zhang Shuo didn't say anything more and just waited.