Chapter 1144 The deal behind it

Regarding the issue of Internet resource integration, Dongda Chuangyu and Zhuoyu will not be dragged on, but Quantun Online is an overseas listed company after all, and such a large-scale business adjustment requires approval from the board of directors.

Although Oak Garden is the largest shareholder and the management holds a relatively high shareholding ratio, if foreign shareholders insist on boycotting, the plan will still not be implemented.

Quantum Online has two foreign director representatives, one represents the Warden venture capital fund, and the other represents the venture capital fund under Goldman Sachs. Quantum Online has achieved such great development and listed on the Nasdaq in just three or four years. The participation of these two venture capital funds has made an indelible contribution.

After six months of listing on Quantum Online, it was understood the ban period. ESS firmly made the decision to reduce its holdings. At that time, the total number of shares issued by Quantum Online was only 5.5 million shares, and ESS's reduction of shares was as high as 17 million shares. Watton and Goldman Sachs did not want to reduce their holdings, but they also wanted to reduce their holdings at the same time, and the total amount of shares reduced would have to increase by nearly 30 million shares. Even if the market was still in an upward channel at that time, it would not be possible to have such solid market support. After hesitation, Watton and Goldman Sachs decided to temporarily continue to hold Quantum Online's shares.

I never thought that when ESS reduced its holdings completely, Nasdaq could not stand it just when they were about to implement the reduction plan. Within eight trading days, Quantum Online's stock price was almost cut in half. During this process, Watson and Goldman Sachs tried to reduce their holdings, but found that the support was too weak. They opened up a little, and the stock price hit a sharp bottom. They had to tacitly slow down the pace of reducing holdings and wait for the right time to come.

This is Zeng Zihui, vice president of Goldman Sachs Asia, who has been to Jianye for the first time.

Although it was already early summer in Jianye in late May, it was a bit hot, and there were already young girls wearing short skirts and suspenders on the streets, brilliance and glorious plundering the eyes of pedestrians.

The coffee shop facing Xuefu Lane is filled with a strong aroma of coffee, transparent floor-to-ceiling glass windows, and the branches of the sycamore trees outside the window are lush and green. From the gaps of the treetops, you can occasionally capture the beautiful young girl's figure. Zeng Zihui didn't understand why Zhang Ke chose to meet him in this ordinary coffee shop, but it felt quite good.

Zeng Zihui has had many contacts with other senior executives in Kumho, and only met Zhang Ke for the third time. Once in Beijing, it was in Quantun Online to go public on Nasdaq; the other was in San Francisco, it was in San Francisco, it was in the global music online equity transaction; Zeng Zihui was also a successful young man. After graduating from Harvard, he joined Goldman Sachs for work at the age of 30 and served as a senior vice president of Goldman Sachs Asia. He didn't know what the young man, who was much younger than him, would he feel like he was in his position at this time? Does he feel that he was arrogant and treated all living beings as nothing?

Zhang Ke held a stainless steel spoon and stirred the coffee in the cup with savvy carefreeness. However, the coffee cup may not be too small. It can grab four or five pieces at the same time. The stainless steel coffee pot looks fifteen or sixteen centimeters high, but the capacity is really limited. Not long after Zhang Ke sat down with Zeng Zihui and talked about the scenery of Jianye, he asked the waiter to add two pots of coffee, which was not as elegant and leisurely as ordinary people drink coffee.

"Singuang Paper has been raising funds in Hong Kong. I have been working hard. I want to entertain you well in Jianye. I didn't expect that your itinerary is so tight that you have to fly to Beijing at night..." Zhang Ke said.

Zeng Zihui watched Zhang Ke drink coffee in his stomach, and there were traces of sweat on the short sleeves of the tennis shirt. He knew that he had just come to see him after playing tennis. Of course, he envied his leisure and said with a smile: "It's not easy to make a living... I have been thinking about what Ke Shao said last time in San Francisco. Since he had the opportunity to stop from Jianye, he also wanted to come over to experience the leisure of Jianye, but the itinerary was too hurrying... He made an appointment to meet Mr. Joyce in Beijing in the evening, but he could stay for one more day."

Flights from Hong Kong to Beijing are always much more complicated than flights to Jianye. Zeng Zihui made a short stop in Jianye. Of course, he had other intentions; Joyce was the equity director representative of Goldman Sachs' Quantung Online Board of Directors.

After receiving a meeting request from Zeng Zihui from Hong Kong, Zhang Ke understood what he meant. When he saw that he had made his intention clear, he also said: "I heard that Mr. Joyce is a very interesting person. If you meet him in the evening, please give me a greeting. I hope he will have a pleasant trip to China..."

Although the regulatory system of the US securities market is strict, there are still no gaps to drill for chaebols like Goldman Sachs.

During this period, the Nasdaq index fluctuated violently, and there was no sign of stabilization in the Internet stocks. The network with the deepest decline even dropped 80% of its market value, and some websites began to fail to support it and close. Quantum Online's stock price barely remained at $20 per share, but it was very fragile. Walden and Goldman Sachs did not dare to act rashly to reduce their holdings, but they were afraid that if they delayed, the situation would further deteriorate and completely lost the opportunity to reduce their holdings.

If Quantum Online can have substantial benefits at this time, it will provide excellent cover for Walden and Goldman Sachs' share reduction plans.

Jinhu wants to adjust the network resources of Dongda Chuangyu, Zhuoyu and Quantung Online, which can actually provide greater benefits to Quantung Online and create a substantial benefit.

As long as Kumho delivers 20 to 30 million US dollars of benefits to Quantun Online, it will allow Watten and Goldman Sachs' nearly one billion US dollars to escape safely - this is Zeng Zihui's intention here. Of course, no one can trust anyone. Some words can be pointed out as they are enough, so they cannot be explained thoroughly to avoid leaving a handle.

The US securities regulatory system cannot regulate this level of operation, which is also the reason why American people hate monopoly. The plunder of ordinary people by many commercial monopoly behaviors is often a gap in the legal system that cannot regulate.

Of course, the business world puts interests first and there is not much favor to talk about. ESS chose to resolutely reduce its holdings, while Walden and Goldman Sachs suspended it, which actually provided cover for ESS, allowing ESS to cash out at a high level, but there was no need to repay favors.

What's more, Zeng Zihui's trip may not necessarily represent the Goldman Sachs behind it. What's more, it may represent a Goldman Sachs internal group with Zeng Zihui's participation. Goldman Sachs missed the opportunity to reduce its holdings of Quantung Online stocks, resulting in the high-deserved profits of hundreds of millions of dollars turning into moons in the mirror and flowers in the water. There must be senior officials who will bear the responsibility for this. Instigating Zeng Zihui to come forward, it may be the self-protection action of some people inside Goldman Sachs.

Of course, Zeng Zihui's offer is not cheap.

Xinguang Paper is actively preparing to list on the Hong Kong United Stock Exchange to raise funds to launch a larger pulping project. As the Internet bubble burst, Hong Kong stocks were greatly affected. After the Asian financial crisis, red chip stocks have been in a downturn. Even though Xinguang Paper has always had good financial conditions in recent years and has Kumho supported it, it is still difficult to list in Hong Kong as a domestic private enterprise to raise funds publicly, and the amount of fundraising is one billion US dollars, which is still unimaginable.

Last year, CNOOC was listed in Hong Kong, and the amount of fundraising was only $1 billion.

Although Xinguang Paper's profit level is high, its profit level has been increasing rapidly in recent years, but the scale of its net assets is still a little small after all.

Although many investment institutions are interested in participating in the stock issuance of Shin Kong Paper, they still feel that the offer price of Kumho is too high. Investment institutions led by Goldman Sachs, Guoyu and HSBC hope that Shin Kong Paper's issue price can be reduced by one third.

At this time, the negotiations were stalemate, and the investment institutions and underwriters were all biting tightly and there was no progress.

Zeng Zihui's position as vice president of Goldman Sachs Asia is very critical. It can indeed provide great convenience in this process, and even shakes Goldman Sachs' attitude first, thus putting Kumho in an active position.

To put it bluntly, this is an exchange of interests. It is a trick of American stock investors. Zhang Ke has no psychological burden at all. Perhaps American stock investors will think that Jinhu is giving them benefits.

After having a happy coffee, Zhang Ke specially asked Fu Jun to send the extended Lincoln to take Zeng Zihui to the airport.

The next evening, Zhang Ke was reading information in the library and received an angry call from Du Fei.

"The Americans are crazy about money," Du Fei said angrily on the phone. "At Quantum Online's board meeting, Ma Xiangdong almost fought with Goldman Sachs' representatives..."

"Didn't the fight start?" Zhang Ke asked with a smile.

"Didn't you say it's almost done? The Americans asked for a modification to the plan. Do you know how greedy the Americans are? I can't tell you clearly on the phone, where are you? I'll show you the fax."

Zhang Ke and Du Fei made an appointment to meet in 1978. He packed up the information and walked slowly to 1978. Du Fei, Shengxia, Zhao Zilin, Shi Xuebin and Xie Zijia were already waiting for him. Zhao Zilin is also a member of the board of directors of Quanteng Online, but this meeting entrusted representatives of Ma Xiangdong plenipotentiary to discuss the adjustment plan with Goldman Sachs and Huaden's representatives, so Zhao Zilin did not make a special trip to Beijing to attend the board meeting.

"Look at the Americans are insatiable!" Du Fei faxed the plan submitted by Goldman Sachs' representative to Zhang Ke, "Quantun Online's MICQ business in Dongda Chuang Domain in exchange for 8% of the shares is already quite relaxed. The Americans actually proposed to reduce the shareholding ratio to 6%, but asked Dongda Chuang Domain to pay Quantun Online $20 million in cash. Do you think they are crazy about money?"

Zhang Ke took the plan that had formed a tacit understanding yesterday in his hand. Seeing Du Fei and the others' indignation, he smiled and said, "It's not bad. Maybe they think that 2% of the equity of Dongda Chuangyu is worth US$20 million." He took out a pen from his shirt pocket, signed the fax and said, "It's better, I'll ask Aida Group or Kumho Commercial to increase its equity of 2% of the equity of Dongda Chuangyu for US$20 million. There is no need to notify Quanteng Online for this at the moment..."

Du Fei, Shi Xuebin and the others were still unable to turn around for a while, but Xie Zijia snorted disdainfully: "Hmph, it's another secret trading!"

"Who said there are hidden trading inside, I won't admit it if I beat you to death. Since 30% of the shares of Global Music Online can be sold at a high price of 900 million US dollars, why can't the entire value of Dongda Chuangyuan be worth $1 billion? We can't be more generous than one." Zhang Ke smiled with a saliva and said to Du Fei, "This matter is settled. You send the fax to Ma Xiangdong. There is really no need to roll up your sleeves and hang up with the American guests, so that he can give the American guests a happy holiday in Beijing..."

Xie Zijia pouted, knowing that because she was present, Zhang Ke didn't say it thoroughly. He raised his head and looked at the beautiful rotating light strip on the ceiling of 1978, whistling softly. She closed her eyes and could guess that there was a dark trading behind her back, otherwise Zhang Ke would not suffer this loss?

Before the Internet bubble burst, 2% of the equity of Dongda Chuangyu might be able to cheat back 20 million US dollars. The market value is a billion, and 800 million US dollars is not outrageous. However, now the highest decline in Nasdaq Internet stocks is more than 80%, and more than 80% of the Internet stocks have been cut in half. Dongda Chuangyu takes over Quantum Online's MICQ business and is lucky to be able to sell 2 billion RMB.

You cannot break the bridges. Xie Zijia’s suggestion has a key inspiration for the final formation of this Internet business restructuring plan. This time, Dongda Chuangyu also received capital injection from Kewang Hi-Tech. Kewang Hi-Tech invested 80 million yuan in Dongda Chuangyu in exchange for 10% of the equity. In other words, when accepting capital injection from Kewang Hi-Tech, the market value of Dongda Chuangyu was only converted to less than 800 million yuan.

Xie Zijia could only whistle to express her disdain and dissatisfaction. Could it be that she still grabbed Zhang Ke's ear and let him reveal what kind of dark trading is hidden behind her? This time, for Dongda Chuangyu, it was just a cross-bridge transaction, and there would be no substantial benefits or substantial harm. Even if Kewang Hi-Tech became the equity of Dongda Chuangyu, Xie Zijia also represented Kewang Hi-Tech to attend the management team of Dongda Chuangyu, and there was no need to know some things.

Du Fei curled his lips and didn't ask much, saying to Shi Xuebin: "You send a fax to Quanteng online on behalf of this side so that Ma Xiangdong and the Americans will start to have another fight..."

At the board of directors, Ma Xiangdong quarreled with Goldman Sachs representatives, and it was also determined that the plan proposed by Goldman Sachs representatives would definitely not be recognized by this side. It was determined that Goldman Sachs representatives were disrupting the situation, so they became angry and whispered to each other at the board meeting. Now that they agree with the plan proposed by Goldman Sachs representatives, Quanteng Online can still obtain substantial benefits. Ma Xiangdong is happy and cannot come, so they can naturally resolve their past grudges with Goldman Sachs representatives. It is not important to whether they can put down past grudges. After Goldman Sachs and Walden reduce their holdings, the board of directors will inevitably make adjustments, and there will be no position of Goldman Sachs and Walden representatives.

Zhang Ke looked at his watch and said to Du Fei and Shengxia: "I'll treat you two to dinner..."

Zhao Zilin, Shi Xuebin and others said goodbye and left. If it was involved in a secret transaction with Goldman Sachs, they would either be members of the 29-member meeting or Du Fei, who had a special relationship with Zhang Ke, were qualified to know the details.

The sunset seemed to float above the roof, and Xuefu Lane below the canopy of the sycamore tree was shrouded in a very faint shadow. At this time, Xuefu Lane was the most lively, and it seemed that students from nearby universities were flooding in. Although Xuefu Lane was full of high-end restaurants, there were many wealthy students among the colleges and universities, not to mention that white-collar workers near Yangui Lake liked to come here to eat. Zhang Ke and Du Fei and Shengxia even found several restaurants, but they didn't find any empty spaces, so they walked along Xuefu Lane toward the Conservatory of Music.

Zhang Ke told Du Fei about Zeng Zihui's brief stay in Jianye yesterday, saying: "Provide more funds to Quanteng Online and relieve the pressure of profit; in addition, the listing of Xinguang Paper Industry also needs to resolve some pressure. The pulping project has been planned for four or five years, so we can't always draw the cake there..."

The peaches are thrown out here, and the other side should be rewarded immediately.

"Then we are under a lot of pressure," Du Fei said with a smile. "At least in terms of finance, Dongda Chuangyu acquired Quantung's MICQ business at the cost of 20 million US dollars in cash and 6% equity. If the operation is too poor, the 29-person meeting is easy to fool. The middle-level managers of Kumho are people who don't know the truth..."

"Yes, how can you put no pressure on you?" Zhang Ke said with a smile.

It is only the early summer of two thousand years. The number of Internet users in the country has just exceeded 20 million. The Internet instant messaging market is far from a time to decide the outcome... Not to mention the variable MICQ, Microsoft also has also paid more attention to the development of MSN and email services in China due to the influence of Kumho. It is also more important to have more than the history that happened before. Microsoft's R&D center in China has established a new R&D department for Internet technology products and services. Compared with the history in Zhang Ke's memory, it may not be frequent. Hotmail login, and server chain drops. Perhaps MSN's performance will not get worse every year. In the instant network communication market, Dongda Chuangyu can naturally get a share of the pie from Tencent.

Zhang Ke and Du Fei, Shengxia walked to the entrance of the alley and were about to turn east to find a restaurant. They watched Li Xinyu talk to two strange young men in her arms with two books in her arms. Zhang Ke passed by, and Li Xinyu smiled at him with a pure and charming smile. She was wearing a fine-textured plaid shirt and straight and thin-tube jeans, and habitually held the book against her chest. Her tall and slender figure was blocked by her arms. Only from the side could she see the moving curve that almost touched the hearts.

Listening to the conversation between Li Xinyu and two strange young men, she had just come out of the library and stopped the two of them and asked for directions.

"I'm sorry, I'm not familiar with Dongda either. Or I ask my friends to send you there..." Li Xinyu apologized to two strange young men with guilt.

"That's all, I still have to thank you..." The two young men who asked for directions said goodbye and left without any fun when they saw Zhang Ke and the others coming.

"Where are you going to Dongda University? I'll send you there. I'm a lot of my younger brothers..." Looking at the two young men leaving, Zhang Ke smiled and shouted, and then turned around and asked Li Xinyu, "How many questions do you encounter when you walk through Xuefu Lane every day?"

"Maybe they really don't know the way!" Li Xinyu said with a slight shame.

"Yes, we can't find a restaurant with free space. I wonder if you can take us there?" Zhang Ke said with a smile.

"If you don't mind eating HG dishes, I know where you should go." Li Xinyu said.

"Can there be an empty seat at HG Restaurant?" Du Fei asked.

For two thousand years, the Korean wave is being frightened, and there are many HG students in Jianye. Several HG restaurants in Xuefuxiang are more crowded than Chinese and Western restaurants.

"I have opened a new restaurant in Nancuiyuan. I have eaten there. It feels quite good. If you don't mind, I'll invite you to have a meal." Li Xinyu said.

Nancuiyuan is a high-end villa community built by Jingdian Real Estate in the name of Haisu Technology Software Industrial Park. This has become synonymous with Yangui Hunan area. Because Nancuiyuan has moved into a group of wealthy families, there are also many high-end restaurants nearby.

I was too lazy to go back to the youth apartment to pick up the car, and I was too lazy to let the staff drive them over. I stopped a taxi on the street and headed to Nancuiyuan. It was a Korean restaurant called Hannandong Restaurant, with authentic HG decorations. The sunset was not even set behind Yangui Mountain. There were not many guests in the restaurant. When I walked in, I saw Hu Jinxing standing in the seat next to the window. Wang Haisu and Chen Yong were sitting there. I didn’t know what they were talking about. Just because they were so dedicated that they saw Zhang Ke and the others walking in, and the words "shocked" almost turned on their faces.

In the past few trading days, the domestic concept stocks in Shanghai and Shenzhen stock markets have been continuously bottoming out, and Haisu Technology has firmly maintained the bottom limit of 30 yuan per share. The data analysis department of the Jinhu Economic Research Center monitored that the concentration of Haisu Technology's stock is constantly increasing, and the increase is very fast. This shows that Hongxin is firmly supporting the stock price of Haisu Technology behind the scenes to prevent the stock price of Haisu Technology from falling below the psychological bottom price of ordinary investors. Even if it is difficult to find out which tractor accounts are used for operation behind the scenes, based on the concentrated and active trading volume of the Securities Operations Department, it can be roughly judged that Hongxin was forced to accumulate 600 million to 800 million yuan in Haisu Technology's stocks during this period.

Chen Yong and Hu Jinxing's face were very bad, and it was not difficult to understand. Zhang Ke still remembered that in the early stage of the Internet bubble on April 26, they were having a meal in Xuefu Lane with the account manager of Yunlin Securities. They should have wanted to rush in before the additional issuance of Haisu Technology and make the last move and have made actual moves. They probably wouldn't have thought that Haisu Technology's stock price would collapse with the overall situation. Now it's just that Hongxin is supporting it behind it, so that they can't break through the psychological price of 30 yuan per share.
Chapter completed!