Zhang Tao thought about it for a moment and hesitated: "Mr. Chen, is this price a little low?"
"Based on this pricing calculation, our market value on the first day was only US$50.9 billion, which is not as high as the valuation offered by Goldman Sachs and Morgan Stanley."
"Low pricing does not mean that the stock price will always be low. There is an example of Pinduoduo. Don't you understand?"
Chen Dongcheng thought that if history were to go by, when Magnesium Group was launched, it would not be any better than Xiaomi.
Although Magnesium Tuan was annexed by Cao Cao Dianping and now dominates the takeout and group buying market, being conservative is not necessarily a bad thing.
"In addition, if you ask Goldman Sachs and Morgan Stanley to try to find some long-term funds that are willing to be cornerstone investors, the price can be appropriately lowered."
Chen Dongcheng thought for a while and added another sentence.
"I understand that Mr. Ma of Tengxun has called before and expressed his willingness to be our cornerstone investor. Tengxun is willing to subscribe for no less than 300 million U.S. dollars in shares."
Zhang Tao also reported good news.
"That's good. Tengxun is willing to subscribe. We expected it. After all, in the group buying and takeout market, we only have Ahri's Are You Hungry and word-of-mouth, so Tengxun has no choice."
Chen Dongcheng smiled disapprovingly. At present, his shareholding ratio is still very safe.
He has a firm hold on the voting rights. Even if Teng Xun wants to seize power, he has no chance.
"However, for long-term funds, try to choose some powerful foreign partners, and those related to Tengxun will not be considered."
Although Chen Dongcheng is confident enough, he still has a lot of precautions.
"I know, I will keep an eye on it myself."
Zhang Tao nodded heavily, knowing very well what Chen Dongcheng meant.
Tengxun can cooperate, but must be careful.
Then the two chatted about other things, and Zhang Tao left in a hurry.
He is a very busy man now, the kind who can't stop working.
…
night.
Wang Sicheng called and asked directly: "Are you free tonight? My dad wants to see you."
"Time, address."
Chen Dongcheng smiled and felt relieved.
Since Lao Wang wants to see him, it means that he doesn't have such serious thoughts about Legendary Pictures.
"Wanda Culture, sixth floor, Vic restaurant, I'll wait for you at the door. My dad is handling official business, so just come over now."
After Wang Sicheng finished speaking, he added: "My father will praise you and humiliate me. Remember to treat me to a drink tonight."
"Let's talk about it when we get there."
After Chen Dongcheng hung up the phone, he changed into formal clothes and told Xie Jingyu to prepare the car.
The journey was fairly smooth and we arrived at Wanda Vista Hotel.
On the sixth floor, Chen Dongcheng saw Wang Sicheng wandering at the door.
"The road is a little congested."
Chen Dongcheng walked in quickly, a little surprised: "Buffet restaurant?"
"Well, my dad doesn't like to be extravagant. Although I don't like eating very much, I can't help it."
Wang Sicheng spread his hands helplessly. In front of his father, he did not dare to be too presumptuous.
The two of them were talking and walking. In a corner of the restaurant, Lao Wang was slowly eating dinner.
"Here, sit down."
When Lao Wang saw Chen Dongcheng brought over by Wang Sicheng, his eyes lit up at first, with a look of surprise and emotion.
In the past, I only heard other people talk about the appearance of a young and mysterious rich man in the business world, who built a huge business from scratch, and his own wealth was even more unknown.
After actually seeing it, Lao Wang couldn't help feeling emotional.
At such a young age, you have a career that is not inferior to your own. It is really a formidable future!
"Mr. Wang, I have long admired your great name."
Chen Dongcheng smiled and extended his hand, very politely.
In any case, Lao Wang can be regarded as an elder and a senior in the shopping mall.
"I am still aware of Mr. Chen's reputation. Please sit down."
Lao Wang had no intention of treating Chen Dongcheng as a junior.
Since we are talking about business, we should be more formal.
Wang Sicheng, who was next to him, felt a little bored, so he went to the dining area for a walk, intending to get something to eat.
As for Chen Dongcheng, Xie Jingyu fully knows the boss's taste, so he doesn't need to do it himself.
"I heard from Sicheng that Mr. Chen is interested in Legendary Pictures?"
Lao Wang put down his chopsticks and looked at the young man opposite him seriously.
"Although Wanda is selling its assets, Legendary Pictures is still worth a lot of money. How much does Mr. Chen plan to offer?"
"$2.8 billion."
Chen Dongcheng spit out a number directly, obviously he already had the answer.
"No, the price is too low."
Lao Wang refused without thinking and looked serious.
"Mr. Chen, my time is limited. If you can only offer this price, then we will stop here today."
"What is Mr. Wang's current valuation of Legendary Pictures?"
Chen Dongcheng also wanted to test Lao Wang's reaction just now.
After all, Lao Wang has always been very tight on Legendary Pictures, and it is almost impossible to win it easily.
"We spent 3.5 billion U.S. dollars and spent a lot of time and energy, but we still have to sell it for at least 3.3 billion U.S. dollars."
Lao Wang narrowed his eyes and reported a number that made Chen Dongcheng frown.
"It's too high. With all due respect, Legendary Pictures has never had a decent film since Warcraft."
"The previous film "The Great Wall" suffered a huge loss, and given Wanda's current situation, it is probably difficult to provide financial support to Legendary Pictures."
"Warner Bros. no longer cooperates and invests with Legendary Pictures. It can be said that Legendary Pictures is now besieged on all sides."
"If there is no further capital injection, sooner or later we will fall behind."
Chen Dongcheng tried his best to argue that he would be taken advantage of, but that was just a dream.
"Yes, what Mr. Chen said makes sense, but we at Wanda are not in a hurry to sell Legendary Pictures."
"A skinny camel is bigger than a horse. I plan to let Legendary Pictures raise funds on its own. This shouldn't be difficult, right?"
Lao Wang smiled and nodded, but his tone was particularly harsh.
As he said, although Legendary Pictures is only a second-tier Hollywood film and television company, it still had some IP storage in its early years.
Although I'm not sure how much the box office revenue will be, there will definitely be investors interested.
Headache.
Faced with this kind of shopping mall veteran, Chen Dongcheng really couldn't find any good solution for a while.
"Mr. Wang, our time is precious. You might as well say it bluntly. As long as the price is moderate, I believe Wanda needs funds that can be quickly available."
Chen Dongcheng thought about it and felt that he had to focus on funding.
Although external financing is easy, after all, it is not a one-time deal and comes quickly.
"Well, let's open the window and speak frankly. You also know our situation. With a one-time payment of 3 billion US dollars, Legendary Pictures is yours."
Lao Wang cut off 300 million US dollars in one fell swoop. This price was a bit unexpected by Chen Dongcheng.
"Why did Mr. Wang suddenly drop the price so much?"
Chen Dongcheng was a little puzzled and asked with a confused look.
According to his estimation, it would cost US$3.1 billion to acquire Legendary Pictures at this time.
Lao Wang's sudden boldness was quite surprising.
"Sicheng and you get along well. You are very capable. We are old. I hope Sicheng can have a good relationship with you."
Lao Wang smiled and looked at Wang Sicheng who was struggling to choose ingredients not far away. The meaning is self-evident.
"Don't worry, Mr. Wang, there may be more cooperation between us in the future."
Chen Dongcheng smiled and Lao Wang paved the way for Wang Sicheng.
It seems that Lao Wang lost $100 million, but if Wang Sicheng and Chen Dong can close the deal well, Wanda may get even greater benefits in the future.
"Eh? Where's my dad?"
When Wang Sicheng came back, he found that Lao Wang had left.
"Your father is really kind to you. I'll give you a piece of advice. Buy more stocks from Maotai and Cao Cao. You won't lose money."
Chen Dongcheng patted Wang Sicheng on the shoulder, but he didn't lie to Wang Sicheng at all.
According to the historical trajectory, Moutai's stock price will continue to soar, leaving everyone stunned.
As for magnesium clusters, the same is true.
Future’s stock price has more than quadrupled since its listing.
No matter which stock he buys, Wang Sicheng will definitely make a lot of money.