Chapter 3 Four Billion Acquisitions
"Of course I have confidence! However, after my successful acquisition, Mr. Ge can wait and see. However, what I can promise is that it will bring new products, new sales channels, and new brand image to Magic City Home Furnishing!" Wang Ye gave a positive answer.
The more specific thing is commercial secrets, and Wang Ye cannot tell it in detail now.
Basically, the three parties have no objection anymore and can enter formal negotiations and have a fierce debate on the price issue.
"Using the current stock price of Magic City Jiahua, it is a 20% premium to acquire it." Wang Ye put forward his own plan.
This kind of bulk acquisition is impossible without a premium, and there are not so many cheap ones in the world. That is, it is because of the overall restructuring of state-owned enterprises in Magic City. Otherwise, if you have a premium of three times or five times, no one will pay attention to you.
The state-owned assets management agency of Modu City holds 45% of the shares of Modu City Daily Chemical. Modu City Daily Chemical now has a total capital of 600 million, and 45% is 270 million shares.
After the influence of negative news in recent times, the stock price of Magic City Daily Chemical has fallen to 6.8 yuan. Wang Ye proposed a 20% premium, which is to acquire it at 8.16 yuan per share.
When discussing the transfer price, Ge Wei couldn't get into it anymore, and the negotiating partner became Director Wang. When he heard the price proposed by Wang Ye, he shook his head: "Absolutely not possible! You and I know everything about the stock price now. The Magic City Family Fuel is definitely not just a valuation of 50 or 6 billion yuan, but the company has so many domestic brands in its hands."
Wang Ye signaled, and LISA, who came with him, opened the folder in his hand and began to read a data report.
In 2008, Magic City Home Furnishing's total revenue was 2.5 billion yuan and its net profit was 180 million yuan.
In 2009, the total revenue was 2.7 billion yuan and the net profit was 220 million yuan.
In 2010, the total revenue was 3 billion yuan and the net profit was 270 million yuan.
The net assets per share have been hovering around 3 yuan for three years.
In the past three years, although revenue usage has increased, it is far lower than the overall growth rate of the cosmetics market. If calculated based on the home-based industry, the normal price-to-earnings ratio of 15 times, the market value of Magic Home Furnishing this year should be 4.05 billion, which means that the stock price of 6.75 yuan is the normal price. The reaction in the stock market now also proves that the corporate value is so much.
Wangye acquired it at 8.16 yuan per share, which has given a certain premium, which is reasonable.
After listening to the data reported by LISA, Director Wang also smiled embarrassedly: "The data can only reflect the company's temporary business situation, but the intangible value of the brand is difficult to measure."
"But as time goes by, those brands are becoming less and less valuable, because fewer and fewer people still remember it." LISA said mercilessly.
"Ahem... I can't say that, Liushen is still very famous." Ge Wei couldn't hold back his face and said in a flash.
"But how much can Liushen sell? It's enough for a family to use it for two years."
I can't talk about this day, and I'll not slap people in the face! Ge Wei was angry and stopped paying attention. Let them talk. Anyway, the price has something to do with him. No matter how high the price is, he will not share his own penny.
Director Wang saw that Ge Wei also retreated and could only continue to go barefoot: "No matter what, these must be considered. After all, the family transformation of the Demon City is also the asset of all citizens of the Demon City, and I will also be responsible for everyone."
Speaking of this, Wang Ye spoke: "Director Wang said it well! Being responsible for the people is not only the mission of your city government staff, but also the responsibility of our entrepreneurs!"
Seeing Wang Ye suddenly speak for him, Director Wang looked at him in surprise, wondering what he was selling in the gourd.
"Since both of us shoulder the responsibility of benefiting society and the general public, then we will manage the Magic City better, create more jobs, pay more profits and taxes every year, and make those domestic brands dazzling again! I wonder if these are considered fulfilling the responsibilities of the enterprise?" Wang Ye said excitedly.
"This...this is of course."
"Then why do we still have to worry about the price? Leave the magic capital home transformation to us and then manage it better. Isn't this a win-win situation?" Wang Ye spread his hands and said with a smile.
Director Wang actually already recognized Wang Ye's words, and the price was higher or lower, but for the Magic City Government, they didn't care much about whether the company could operate better in the future, whether it could create more jobs and bring greater influence.
But we must not just let go so easily. At least we must take the attitude and be responsible for the people's property. So, how much is the price? We must not be too high. If it is too high, it will be troublesome to scare others away. But we must not be too low. If it is too low, it will seem that we do not have enough ability to do things.
After a quick turn, he spoke tentatively, "We both have sincerity, so let's make a compromise each other, with a premium of 30%, and it's better at 8.8 yuan per share! This price is also quite good. Fafa, congratulations to Mr. Wang for taking over the Magic City Home Furnishing and making a fortune, haha..."
Wang Ye and LISA smiled at each other and said simply: "Okay, just follow this price!"
The acquisition price was determined, at 8.8 yuan per share, Weiye Jiahua took over 2.7 shares of the Mocheng State-owned Assets Management Agency, with a total price of 2.376 billion yuan!
Fang Haohua received 205 million yuan in the stock market, spending 1.65 billion yuan.
Now Weiyejiahua owns a total of 475 million shares of Magic City Home Hua, accounting for 79%! The funds used up to 4.026 billion yuan!
After signing the agreement, as usual, the down payment will be made 1 billion yuan, and the remaining 1.376 billion yuan will be paid in three years.
Magic City Home Furnishing Company has officially changed hands!
...
After the negotiations ended, Ge Wei went downstairs alone and came to his own car in the parking lot. The driver was sitting in the car waiting for him. When he saw Ge Wei coming, he quickly got out of the car and helped him open the rear door: "Mr. Ge, where are we going?"
Ge Wei bent down and got into the car, sat in the seat for a minute and was stunned until the driver carefully asked him where he was going again, and then he ordered the driver: "Go home!"
The car was driving on the busy street. The driver secretly looked through the rearview mirror inside the car and saw Ge Wei looking lonely, as if he had become several years older.
He knew what Mr. Ge came here this time, and it was spread in the company that the company was going to sell it to a wealthy man in Pengcheng, and he was negotiating the price now.
Could it be that the talk broke down? Or it was completed, but the new boss was not satisfied with Mr. Ge? The driver was thinking randomly.
The car arrived at the family yard of the homemade city of Modu and parked downstairs.
After waiting for a while, the driver saw that Ge Wei was still sitting there and was not moving. He didn't know what he was thinking, so he whispered: "Mr. Ge, you're home."
"Oh? Oh! You're home, you'll go home early, it's all right today." Ge Wei said, then opened the car door and went upstairs with his briefcase.
If it weren't for seeing it with your own eyes, no one would believe that as the boss of a listed company with a market value of billions, the Ge Wei family actually lives in such an old residential building, and it is a public house without a property certificate!
But that's the fact. The company's boss is only Ge Wei's position. Although his monthly salary is not low, it is not as high as he can buy a commercial housing in Magic City. What's more, if you have a house to live in, what else can you buy?
The building is old, but Ge Wei's house is quite spacious, with an old four-bedroom and two living rooms of more than 150 square meters, and is decorated quite grandly. Now that the children are old, they don't live at home, and the house is empty, only the old couple, and there is a small nanny I found in my hometown.
When he came to his house and rang the doorbell, Ge Wei was not used to bringing the keys. He used to bring the keys, but since that year, he lost the keys five or six times, his wife never asked him to bring them again. Anyway, there are people at home, so it doesn’t matter whether they bring the keys or not.
It was the door opened by his wife for him. When he opened it, he saw that Ge Wei was back. He asked in surprise: "Lao Ge, why are you back so early today?"
Usually, Ge Wei goes home at least at 7 or 8 o'clock in the evening, gets up at 6 o'clock in the morning, jogs for half an hour in the community, goes home to wash and eat, and goes out on time at 7 o'clock. There are no holidays, it's like this all year round.
So today he arrived home before five o'clock, and his wife was quite surprised.
"Yes, it's quite early, probably sooner in the future," Ge Wei replied listlessly.
Isn't that true? The company has a new boss now. The honorary chairman and general manager must give way. I guess the new boss will look down on me for his incompetence in recent years. I can only leave the Magic City home and apply for transfer to a Qingshui Yamen in the city government. I will be semi-retired in the future.
"What happened? Lao Ge, what's wrong with you?" My wife asked with concern as she saw that Ge Wei was in a bad state.
"Haha, nothing is wrong. The company has been reorganized today, and the company has also been sold to a private company. I guess I will go to Qingshui Yamen to report it in the future." Ge Wei briefly told his wife what happened today.
After listening to it, my wife felt happy and sad. I was happy that Ge Wei would be more idle in the future and would have more time to spend with his family. What I was worried about is that can a career madman like his wife be idle? If he suddenly becomes idle, then there will be no problem.
"What should I do with that chemical company? That's your decades of hard work. I just let it go without paying attention?"
"How to deal with it? In the future, the new boss will take over 4 billion yuan. I can still stay there, but I will be kicked away with a hard time." Ge Wei said with a wry smile.
But I really can't bear to let go! It's not that I can't bear to let go of the company's boss, but that old colleagues in the company who have been with him for decades and those brands that I have built by myself!
To put it pretentiously, my youth and the best time I have spent in the Magic City Home Furnishing Company. Now I am leaving suddenly, how can I not be nostalgic!
Chapter completed!