In the afternoon of the next day, Hua Yu left Xincheng and flew to the city where Chung Tai Capital was located. After getting off the plane, he didn't even bother to rest at the hotel where he was staying. He went directly to visit Chung Tai Capital's headquarters.
"Is this true?"
At this moment, in the VIP room at the headquarters of Zhongtai Capital, its head Liu Qizheng looked at Hua Yu in shock. The two had been meeting for about ten minutes, and Hua Yu didn't beat around the bush and got straight to the point.
Speak out your wishes.
Before Hua Yu could speak, Liu Qizheng said again: "Mr. Hua, didn't you say that your company has, uh... lost a lot of money recently?"
Hua Yu laughed and said: "I have already said that it is a rumor. I don't want to be humble at this time. Whether it is the mainland capital market or the peripheral capital market, my stars have made a lot of money. Without that capital strength, how could I dare to go all the way?
Come over here, Mr. Liu, do you want to start brushing?"
Liu Qizheng, who heard this, also laughed and brightened the atmosphere, but then hesitantly said: "Frankly speaking, this matter is a bit too sudden..."
At this time, Hua Yu rushed to say: "Suddenly, Mr. Liu, you have to hurry up. If you go slower, maybe I will suffer another loss that day."
Liu Qizheng was stunned for a moment, then laughed loudly and said, "Mr. Hua is joking."
Naturally, you can understand the implication. Qunxing Capital wants to get this done as quickly as possible. We don’t have time to do the ink, so we will give you a premium of 500 million, and the payment speed is extremely fast. You can tell me whether this deal will be done or not.
Forget it if you don’t do it.
Some time ago, Liu Qizheng also heard about the affairs between Qunxing Capital and several major internal entertainment manufacturers. In the end, the internal entertainment manufacturers begged Qunxing to buy it. Considering Qunxing's urine properties, he might not want it.
The most important thing is that the plan proposed by Hua Yu is very good. Not only can Zhongtai Capital earn an additional 500 million, but the extra money will also be profits.
What's more important than this is that someone takes over and has the strength to take over.
Zhongtai Capital can quickly cash out 8.6 billion and make a huge profit and exit smoothly. It is not easy to exit with such a huge amount of funds, especially in the current market environment where the financial tsunami has hit the world. If you are willing to pay 80
It’s really hard to find a next buyer with an astronomical figure of over 100 million to take over the deal, and it’s even rarer to find someone who can quickly settle the money in cash.
Stars Capital took the initiative to come to your door. If you miss this village, it may be difficult to find such a heroic next home.
Although QunXing Capital caused a "thunder" incident some time ago, it seems to be a rumor now. The efficiency of remittances to several major domestic entertainment manufacturers can be seen at a glance, indicating that QunXing Capital is now rich and liquid.
Sex is very abundant.
"Mr. Hua, how does your company plan to acquire Hengtong Pharmaceutical Group?" Liu Qizheng also said bluntly. We are all smart people. Star Capital is obviously here to acquire Hengtong Pharmaceutical Group, not to mention that Hua Yu did not hide it.
Both parties know that this is a world where each gets what he needs. Bell Capital seeks to exit and Star Capital seeks to enter. This is a world where only Wang Qingxiong is injured.
This can be revealed, and it also requires that Zhongtai Capital and Liu Qizheng also play important middlemen in this merger and acquisition plan.
Hua Yu said methodically: "In this transaction, I, Qunxing Capital, will not acquire the equity of Hengtong, but only the assets of Hengtong, so as to save worry, effort and trouble, and be too lazy to do due diligence."
Liu Qizheng couldn't help but smile and said: "That's right. After all, for such a big deal, risk control still needs to be adequate."
The acquisition of a company is usually an equity acquisition, which means that your equity is directly acquired.
However, there is a huge potential problem with the equity acquisition model, that is, the company you acquire is prone to have a lot of debt, especially hidden debt. You don't even know how much debt it has hidden but not exposed.
It can't be adjusted by doing a thorough adjustment.
If Hengtong Pharmaceutical Group emerges with a pile of hidden debts, Qunxing Capital will be the wrong person to take over.
In order to solve this potential risk, Fang Hong chose asset acquisition, that is, Qunxing did not acquire the equity of Hengtong Pharmaceutical Group, leaving this matter to Wang Qingxiong himself. Qunxing only acquired the assets of the group company, in other words, Hengtong
The pharmaceutical group bought all the valuable things and left the rest of the mess to Wang Qingxiong.
Such an operation is to vacate the cage for a bird. Asset acquisition and vacate the cage for a bird are the second step of the strategy of swallowing up Hengtong Pharmaceutical Group.
How to vacate the cage and change the bird?
The shell company "Ruihe" established by Qunxing Capital is to take over the acquisition of the assets of Hengtong Pharmaceutical Group, package them all into Ruihe Company, and then reorganize the assets.
For example, the core assets of Yishengtang, a subsidiary of Hengtong Pharmaceutical Group, are the three words "Yishengtang" and the Chinese medicine practitioners. After the acquisition is completed, Hengtong Pharmaceutical Group will no longer have the right to use the brand "Yishengtang"
, Fang Hong’s approach was to let the shell company create another holding shell company, and then rename the shell company to Yishengtang, and that would be it. Hengtong Medicine could no longer use this brand.
After the second step strategy of "vacating the cage and changing the bird" is completed, the assets of Hengtong Pharmaceutical Group will be acquired and merged into Daoruihe Company. At this time, Qunxing Capital will hold 88% of the shares of Ruihe Company. Wang Qingxiong will be the owner of Ruihe Company.
It only holds 9% of the shares, and other small shareholders hold the remaining 3%.
As for Hengtong Pharmaceutical Group, Qunxing Capital does not own a share and has nothing to do with Hengtong Pharmaceutical Group. Wang Qingxiong is still the largest shareholder of Hengtong Pharmaceutical Group, accounting for 67% of the shares and absolute control. However, at this time, Hengtong Pharmaceutical Group is just
All that was left were empty shells and messes, and all the valuable assets had been transferred to Ruihe Company.
And what does the actual situation look like?
By that time, Ruihe Company will be Hengtong's new identity, but Wang Qingxiong only holds 9% of the shares in Ruihe Company, so in fact, it has changed from an absolute controlling shareholder of 67% to a minority shareholder. In Ruihe Company,
Inside, Wang Qingxiong, not to mention absolute control, does not even have the right to convene a shareholders' meeting, because he needs more than 10% to have the right to convene a shareholders' meeting.
"Mr. Hua, it's a pleasure to work with you." In the VIP reception room, Liu Qizheng thought about it again before making a decision. This sentence was a direct statement of his position. The two sides reached a consensus immediately after the initial meeting.
Qunxing Capital acquired what it wanted by annexing Hengtong Pharmaceutical Group, and Zhongtai Capital invested 1.35 billion in three years and successfully exited with 8.1 billion in capital and profit, and also got what it wanted.
…
In the next two days, Tuesday and Wednesday, the market continued to adjust and continued to rise. It was still a dancing elephant market, with heavyweight blue-chip stocks leading the index to new highs.
The Shanghai Composite Index surged +2.10% on Tuesday to 3145.16 points; it closed up +1.38% again on Wednesday to 3188.55 points, a new high for the year. It closed almost at the highest point of the day, and the market once again exceeded the 300 billion trading volume mark.
Shortly after the market closed, Fang Hong came to the headquarters of Star Capital again.
In the CEO's office, Hua Yu held a print newspaper that came out today. There are still print newspapers today, but it is obvious that traditional newspapers have been impacted by the Internet wave.
Hua Yu handed the newspaper to Fang Hong and said with a smile: "Zhongtai Capital has acted very quickly. It seems that it has already started to 'force out' Hengtong."
Fang Hong took over the Metro Business Daily, and the headline on the front page was extremely eye-catching: "Wang Qingxiong: The introduction of Zhongtai Investment is a catastrophic mistake of Hengtong Pharmaceutical." This headline-grabbing article spread quickly in the industry.
According to the content of the article, according to people familiar with the matter, after the dream of Hengtong Pharmaceutical being listed was shattered, Wang Qingxiong criticized the investor Zhongtai Capital. The article also excerpted the original words of his complaint: They (Zhongtai) did not bring much to the development of Hengtong.
support, but using such a small amount of money to dilute such a large equity stake, introducing them is a catastrophic mistake by Hengtong.
The report further revealed that Wang Qingxiong also complained that he had withdrawn the investment from Qing Dynasty six months ago, but the return required by Chung Tai Capital was too excessive and the two parties could not reach an agreement.
The contradiction between Hengtong Pharmaceutical and Bell Tai Capital Venture Capital was exposed in the public eye. Wang Qingxiong's few words of dissatisfaction aroused huge attention from the outside world.
Hua Yu, who was sitting on the sofa, said: "After making headlines in New City, Wang Qingxiong was worried about the impact that would be detrimental to him, perhaps because the public response was too huge. Today at noon, he was interviewed by the media again and asked about the matter, and clarified that
: The news and rumors are not true. Zhongtai Capital trusts us very much and invested in Hengtong on this basis. The P/E was also very high. At that time, the price quoted by Zhongtai was twice that of other investors..."
Hearing this, Fang Hong looked at the contents of the newspaper and said calmly: "Wang Qingxiong's left-leaning remarks clearly show his conflicting psychology now. He wants to pour out his bitterness to the outside world, but he is afraid that it will be over-interpreted by the outside world and it will be detrimental to him. Haha.
…It’s already too late to still have illusions at this point.”
