Chapter 1522

Monday, May 11.

At 9:30 in the morning, the Hong Kong stock market opened!

Teng Xun opened at HK $31.2.

As soon as the market opened, the decline exceeded all expectations.

When it was announced from afar that more than 100 million pcs had been unloaded from Teng Xun's products, Teng Xun's largest base QQ number of people online at the same time, the PC terminal fell below 10 million, which once again panicked investors.

Countless shareholders at this time are crying for the receiver, waiting for someone to enter the rescue.

And Teng Xun side, also made a response to pacify.

According to Ma Huateng's words, if you fall again, some things are still there.

With 10% of the shares in the distant mall, CF still has one year's agency right. According to Li Dong's boast, the value of CF is tens of billion RMB!

Plus Teng Xun's fixed assets, patent technology, brand

Even if Teng Xun has nothing now, it is worth 20 billion Hong Kong dollars!

In fact, it is far more than this price. After all, unless Teng Xun really does not operate, as long as it continues to operate, although he has withdrawn from the ranks of the first-line IT giants, it is no problem to hang up some second-line and third-line enterprises.

If the market value falls again, it will not fall below HK $30 billion, will it?

Teng Xun said very directly this time. If the total share capital of 1.7 billion yuan falls below HK $20, it is definitely someone who is manipulating the stock market. In fact, it should not have fallen below HK $30.

Of course, 30 Hong Kong dollars means that Teng Xun's market value is still more than 50 billion Hong Kong dollars. It is hard to say whether anyone agrees with this point.

But in any case, panic investors or a little quiet.

If it falls again, it will not fall below HK $20. This is what Teng Xun said. Although Teng Xun's credibility is in doubt at this time, should Li Dong's things be believed?

Unless, Li Dong hits his own face and insists that his products are not worth money.

If we really want to do this, we will lose Li Dong himself in the end, which will only be greater!

Once he said that the distant mall is not worth money, CF is not worth money, what about financing in the future? What about going public?

Although a big guy can talk nonsense sometimes, it doesn't mean that he can talk nonsense repeatedly.

And Teng Xun in addition to distant products, their own things are also there, as long as the recovery of compatibility, dare not say that all users come back, a batch of backflow is inevitable.

At that time, Teng Xun may have lost the position of overlord, in the second tier IT enterprises, it is still a giant figure.

Even the Internet companies such as focus, Ctrip and Netease now have a market value of several billion dollars. Even if Teng Xun doesn't do instant messaging any more, or is a little smaller, it won't be too bad to focus on the game platform or other things based on their foundation.

Can't say that the previous market value of $20 billion is not worth $5 billion?

Therefore, Teng Xun said that he would not fall below HK $20, which was unanimously agreed by both inside and outside the industry, and even some institutions offered a buying price of HK $30.

As long as the secondary market share price falls by HK $30, it is worth buying.

Next, whether Teng Xun regroups and continues to fight back to the front line, or chooses to quit the instant messaging field and move to other fields, they will not lose.

Or, Teng Xun chooses to suspend trading and reorganize, and the industry will be split and merged. In any case, the camel who died thin is bigger than the horse.

Unlike Ali, falling below the issue price, there is no such possibility for Teng Xun.

In fact, the pricing of Ali's listing is somewhat unreasonably high. Their total share capital is much higher than Teng Xun's. The listing starts at HK $13.5, and the market value is as high as US $9 billion according to the issue price.

So Ali can break the issue price, Teng Xun will not.

A few days ago, that was the need for propaganda. Far away and a large number of experts hoped that investors would panic. Teng Xun needed to be suppressed before he said that he would withdraw from the market at the issue price. In fact, this may not exist.

As soon as these analyses were made, although Teng Xun's share price was still falling, it began to maintain when it fell to about HK $28.

Capital institutions are in!

Profit seeking is the instinct of capital institutions. Although Teng Xun's situation is difficult at present, he may completely lose the hope of returning to the first-line ranks again. However, even if he can't, the current price can still bear it.

And these organizations are well informed, and the Chinese government has begun to intervene.

Zhou Yi just started, the person in charge of the distance was interviewed, Teng Xun, google a few are also the same.

Although the Internet is a virtual world, it does not mean that we can act recklessly. The two-day war on Saturday and Sunday has seriously affected the interests of countless netizens.

In fact, there are departments to mediate on Sunday, but there is a delay on the far side, and the other side can tolerate the whole day.

On Monday, senior officials from some departments of the Ministry of industry and information technology called Li Dong in person, and his tone was more severe.

In this case, if we don't want to offend these departments from afar, we must restore compatibility within three days at most, so as not to be forced to enforce the law and lose face.

Three days, plus the previous three days, the longest time is six days. Although Teng Xun must have suffered heavy losses, six days is not enough to let Teng Xun die completely.These situations are obvious, and capital institutions are not stupid. When they do not enter the market at this time, they may have to enter the market if they wait any longer.

Of course, there must be restrictions on the entry from afar.

While the other side uses special means to suppress the other side in business, while entering the stock market at a low price, it is inevitable to have a name for manipulating the stock price.

If we are serious, we will suffer from the distance.

At this time, the probability of Li Dong's entry is not big, especially large-scale entry, and small amount of funds is not a big problem.

In fact, for Li Dong and his colleagues, making a small profit in the stock market is not of great significance.

Take Teng Xun, more than in the stock market.

……

Far away.

Yuan Chengdao and several other people gathered together. Liu Honghui reported: "MIH has made an offer, and they have also guessed the next choice for us and Teng Xun.

In fact, this matter can not be hidden from MIH, after all, the other party is the largest shareholder.

MIH means that they redeem ABSA's shares and hold 44.5% of Teng Xun's shares.

And these shares, they hope to continue to be retained and wait for our restructuring plan to be completed and the proportion diluted.

Of course, the right to participate in the operation is the same as that before.

In fact, this condition is not unacceptable... "

Liu Hong said a look at Li Dong, he knew Li Dong's mind, but this condition is not too harsh.

Moreover, even if you want to buy back from afar, you have to have money!

According to the current market price, if we calculate 30 Hong Kong dollars per share, the other party holds 44.5% of the shares, and the market value is more than 22 billion Hong Kong dollars.

Since MIH has seen the purpose of the distance, the possibility of price reduction is very low.

In the past, MIH panicked because of the attitude of killing all the people in the distance. Now the meaning of merger and reorganization is revealed in the distance, and the form is completely different.

Of course, capital institutions do not want to have too much trouble with the management team, which is not good.

Yahoo is and Ali make a lot of trouble, now both sides suffer.

MIH has given up the right to operate and vote. It only hopes to retain its original interests. It also hopes that Li Dong can create more wealth for them. In fact, it does not want to be unhappy with the distance.

Generally speaking, the original major shareholders are so straightforward that the merged enterprises will only be happy.

But Li Dong is not easy to say.

Liu Hong said: "in addition, since we are ready to merge Teng Xun for restructuring, and even directly take this listing, then the financing plan..."

Li Dong frowned: "of course continue! No financing where money, no money how to merge Teng Xun? Do you really think Ma Huateng gave it to us for nothing? "

Liu Hong gently coughed and said, "in fact, I mean, we acquired Teng Xun first, so that we can get all the war dividends.

After that, we can maximize the benefits by introducing capital and restructuring plans. "

Once the financing, with the financing money to merge Teng Xun, the interests will be divided with the financing enterprises.

Before that, Teng Xun was acquired, and the financing plan could be delayed. Of course, at that time, it was not called financing, it was called asset restructuring.

As for why these institutions should be introduced into the restructuring, the key is the problem of money.

It's impossible to buy Teng Xun without spending money. If you don't have money from afar, it's not a good thing to borrow money, especially now.

The introduction of capital institutions, first let PP borrow part of the funds, and then use the financing money to repay, in this way, it is equivalent to taking their money to monopolize Teng Xun's dividend.

The capital institutions will not be reluctant. After all, they will resume listing after reorganization. They are sure to make money. Everyone will benefit from each other. No one will lose. There is no reason not to agree. It is nothing more than making more and less.

Teng Xun restructuring listing, or need some institutional support.

Especially this time, once Teng Xun borrowed the shell, he could only choose to be listed in Xiangjiang.

After the reorganization of PP and Teng Xun, the scale of listing financing will not be too small. Without the support of these capital sides, it is not possible to rely on scattered shareholders alone.

The listing of enterprises is a feast for both the capital side and the management side.

There is no such possibility of leaving one party alone.

Li Dong tapped on the table and said for a long time: "Teng Xun now has a total capital stock of 1.7 billion shares. After our restructuring, I will make a budget and plan to add 3.3 billion shares. OK, a total of 5 billion shares.

MIH occupies 750 million shares of 1.7 billion shares. If the total share capital of MIH is 5 billion shares, the other party still holds 15% of the diluted equity, which is somewhat higher. "

Even if PP wins this time, in fact, it is impossible to surpass Teng Xun in the end. Of course, there is hope if we strive for it from afar.

Teng Xun at the moment is not the same as that of a few days ago.

In the end, the total equity of the listed company was 5 billion shares, and MIH held 15% of the shares. Li Dong was somewhat reluctant.Liu Hongwen said: "we can talk about it again. We will purchase part of it and settle it in cash.

The other part is about 10%. What do you think?

It would be hard for MIH to agree.

Of course, we can make some negotiations on the purchase price, even in the process of subsequent restructuring, we can use our advantages to continue to expand the proportion of PP.

You said that 5 billion shares, 5.5 billion shares, there is no hope?

I think there are still some, even 6 billion shares. Keeping Teng Xun's total share capital unchanged, there will be some drama... "

"Tan Haiying, in fact, can talk about this side of the mall

"Cough, cough, cough!"

There was a fit of coughing, madder. Are people so greedy now?

At this time, buy back the mall shares, think more!

What's more, the cooperation between the mall and Teng Xun is still necessary. After Teng Xun's return to the market, can't you open the port for free?

What's more, don't buy back money!

Don't say Teng Xun doesn't agree. He has agreed. He has to consider whether it's cost-effective.

It's not that Li Dong said that the value of the mall is just how much. Teng Xun paid a lot of money at the beginning. After Teng Xun's reorganization, even PP was included in Teng Xun's industry. Now that he has bought back the shares of the mall, he will have to pay a lot of extra money to find you for cooperation expenses.

Li Dong has always been relatively independent. He talks about sharing. In fact, he hopes that everything is his own.

But at this time, even Li Dong couldn't help coughing: "there is no need to buy back the shares of the mall. What's more, Teng Xun still owes us 2 billion cash. In fact, we have made money.

Next, the 2 billion cash can also play a big role.

With this 2 billion cash, can not get the money, in exchange for a part of Teng Xun shares or no problem.

We hold some of them, which weakens the strength of the original Teng Xun system. In addition, we dilute a part after restructuring. In this way, the shareholding of Teng Xun's original system is reduced to less than 1 billion shares, which is more in line with our expectations.

First of all, I will calculate the total share capital of 5 billion shares. Teng Xun's original system accounted for 1 billion shares. Later, some institutions were introduced to hold 500 million shares. In addition, the original share capital in the secondary market and our subsequent additional issues were about 1 billion shares.

In this way, we hold half of the equity, which is more in line with my expectations. "

What Li Dong calculates is the shareholding ratio of the distant side after listing.

More than half of them, for those who are habitually holding shares, don't feel comfortable.

Weibo, after dilution, has dropped by 50%. Li Dong actually thinks that it is not reliable and suspects that it will become someone else's one day.

It's OK to say that Teng Xun and PP related industries, together, are much larger than Weibo, and they are not in control of themselves. Li Dong is not very happy.

Seeing what Li Dong said, Liu Hong thought for a moment and said, "if it is kept at about 50%, I don't think it is too difficult. We can talk with the operation team of MIH and Teng Xun first.

After that, we decided to suspend trading.

As for the level of the stock market price, the current impact on us is not too big, mainly to prevent MIH they continue to buy on the line, so as to avoid the other party's ultimate share of the stock is too high.

In fact, the other side will not choose to enter at this time, after all, we have not given the exact information, everything is possible. "

Li Dong nodded his head and said, "that's it. In fact, I was going to talk with Ma Huateng's team. But I can't avoid it here.

Then we'll talk about it openly. There's no need to hide it.

At present, only by merging and acquiring the other party from afar can they maximize their interests, which we can see clearly.

As long as neither side suffers too much, the merger and reorganization is almost inevitable. On the whole, we still have the initiative.

Let the airline get ready. We'll go to Shenzhen early tomorrow morning and start negotiations.

The war of exclusion will not end tomorrow. It will end on Wednesday the day after tomorrow.

If it's not over, I can't carry it. Old Zhang almost scolded me on the phone in the morning... "

Li Dong shook his head, some helpless.

However, everyone was laughing. The old man Zhang in his mouth was the first brother of the Ministry of industry and information technology, and Li Dong called the other old man Zhang on this occasion.

But that one is not bad for the distance, and it is also good for Li Dong. In the past, the other side did not give less effort to the ten thousand card license plate. When the balance account appeared, the other side was running around.

It's not about the number of personal contacts or other transactions.

The old man has a strong personality. He has dominated the Ministry of industry and information technology during this period of time. He also hopes that the Internet industry can get a breakthrough development. Some ideas of Li Dong are more to the other side's appetite.

If not, the war of exclusion of so many Internet enterprises has triggered a large-scale heated discussion among netizens. As the initiator of the war, Yuanyuan and Teng Xun would have to take the lead.Now it is still in the state of mediation, and the Ministry of industry and information technology is making efforts.

Li Dongneng said, "you can't say that. Liu Hong nodded his head and said," I'll arrange it later. It will end in the early morning of the 13th. It's still within the tolerance range for four days before and after. "

"That's it. We should prepare. I'm afraid we'll meet a lot of people this time.

Ma Yun, Zhou Hongyi, Li Yanhong, Cao Guowei These guys are likely to pass by. They all cheer me up and fight against each other!

If you want to snatch food from my li Dong's mouth, you have to pinch your arm's thickness again! "

What Li Dong said was domineering, but others were on guard.

By now, we should understand that Teng Xun will continue to insist, or sell the industry or make other choices. This is a good opportunity to grab dividends.

Teng Xun's a large number of executives and top-level technical personnel, I am afraid that at this time, some of them are helpless.

If you pay a price, you can't get a bonus.

In the distance, what we need to do now is to keep the big head and prevent them from dividing up too much.

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