3 pm.

Peninsula Hotel.

Li Dong met the person in charge of ABSA in Xiangjiang.

Absa Bank has no business in mainland China, but has some business in Hong Kong and Macao, so it has an office here.

Few people in China know ABSA. The other party is not weak in South Africa, but in terms of overall strength, it is far inferior to the major state-owned banks in China.

In 2005, British financial giant Barclays acquired 56.4% of absa shares for 2.6 billion pounds, which shows that the overall value given by Barclays was only 5 billion pounds, or about 50 billion pounds.

Of course, mergers and acquisitions in the industry cannot be entirely dependent on money.

Some additional influences sometimes go beyond the influence of money. As a world-renowned financial institution, Barclays acquires other parties, ABSA does not see pure funds.

But no matter what, absa's strength is not strong among its peers, which is an indisputable fact.

Before that, Teng Xun's market value was nearly US$20 billion, and the other party held 10.5% of the shares, worth more than US$2 billion, even equivalent to the value of one-third of the ABSA in 2005.

But in just a few days, Teng Xun's stock, worth $2 billion, fell by one-third in an instant.

In a few days, absa lost more than 600 million US dollars!

Although it was just a loss on the books, I can watch the money disappear, even the ICBC would be in pain, let alone absa.

In April, when Li Dong met with them, the reply given by absa was inconvenient.

Although they are optimistic about the distance, ordinary investment institutions will not invest in two companies with overlapping businesses, which is not in line with their expectations.

At that time, even if PP raises funds, they would not participate.

There is no reason why both sides burn money and eventually lose money.

However, at the end of April, three days before the Hong Kong stock market was closed, ABSA saw Teng Xun's stock price plummeting one after another, and finally couldn't sit still.

Back then, their holdings of Teng Xun were not actually subjectively holdings, but passively.

Their shares are derived from the mortgage of Mih, or cannot be said to be the mortgage of Mih, but the mortgage of Mih's parent company Naspe.

However, in recent years, Teng Xun's stock price has risen rapidly, and Naspe has not redeemed, so ABSA is happy to continue holding it and can still get a lot of dividends.

Moreover, according to the original mortgage agreement, Naspe wanted to redeem it before, and the price paid was not small.

Although Teng Xun's market value is good, its market value does not represent money. In fact, Naspe has no money to redeem the mortgaged shares.

Originally, following the trend of Teng Xun's continued rise, perhaps in a while, Naspe might have the idea of ​​redemption, and it doesn't matter even if it pays some price.

However, with the emergence of the Teng Xun crisis, the stock price plummeted.

At this time, let alone Naspe has no money, even if it has money, the other party will not redeem it at this time.

Absa has seen this trend, and it is very likely that Naspe will choose to give up the collateral. Once Teng Xun's stock price falls to the bottom, Absa will also suffer heavy losses, which is not the result they want.

...

In the hotel conference room.

Li Dong looked at the black man opposite him for a while. This was the first time he had negotiated a business with a black man.

Fortunately, the other party spoke Chinese well, but maybe he had been staying in Xiangjiang for a long time, and there was a little Cantonese flavor in it.

The other party talked for a long time, and Li Dong waited for him to finish, then smiled and said, "My idea is very simple. Absa currently holds a lot of Teng Xun's stocks, but seeing that Teng Xun is about to be finished, it is almost impossible for Naspe to redeem it.

In order to prevent international friends from losing money, I like to do things that are urgent and righteous.

Absa can now talk to Naspe about redemption. If the other party is unwilling to give up the right to redemption, then Absa can handle this batch of shares according to his own ideas.

While Teng Xun's stock price has not yet fallen to the bottom, you can actually make money, and you have made a lot of money.

Of course, after all, the shareholding ratio is not low, so it is difficult for someone to enter the market to trade at this time.

Everyone understands people, and I won’t watch your stocks fall into your hands, no one takes over, and finally gets done with Teng Xun.

I'll give you two suggestions, you can consider it.

First, we reached an off-market agreement and we took over the shares, but the price would not be too high.

You can also talk to other institutions, but I think at this time, the only one who is really willing to take over is probably Teng Xun's side.

But they have no money. As shareholders of Teng Xun, you should know more about this than me. I can almost guess how much Teng Xun pays.

According to the current market value, your shares are worth more than 9 billion Hong Kong dollars. If Teng Xun can give 5 billion Hong Kong dollars, that is the end of the day, and this money will not be given now, so it will have to be delayed.

To put it bluntly, until the end, are you sure they still have money to give it?"

When Li Dong said this, the big old man Hei on the opposite side pondered for a moment and asked, "If Naspe gives up the redemption and takes over from afar, what price can you give?"

"HKD 2 billion."

As soon as Li Dong said this, the people on the other side looked a little ugly.

HK$2 billion!

Less than 300 million US dollars!

Before they could continue talking, Li Dong smiled and said, "Of course, this is just the first plan I mentioned. To be honest, I don't really want to take over.

The one who really asked me to give this price was not Teng Xun, but our distant mall.

You hold 10.5% of the shares in Tengxun, which means you indirectly hold 1.05% of the shares of Yuanfang Mall. Most of my 2 billion Hong Kong dollars are worth the value of Yuanfang Mall.

Of course, this will lead to great losses.

It's okay, I have a second plan.

You can handle Teng Xun's shares yourself, and there is only one way to deal with it, sell it in a high-profile manner!

Repurchase, Teng Xun has no money, so he doesn’t have to pay attention to them. It’s natural for you to sell it.

However, if you sell a lot, Teng Xun's stock price will definitely fall. It is hard to say whether you can recover 2 billion Hong Kong dollars in the end, so you will suffer greater losses.

In order to make up for your losses, after Yuanfang pp financing is launched, you can raise pp at a very low price!”

In Li Dong's impression, Big Lao Hei was very stupid and honest, but Big Lao Hei on the opposite side really didn't give him this impression.

As soon as Li Dong finished speaking, the other party immediately asked: "Is pp financing a single pp or includes your pp-related industries?

Yuanfang Entertainment Company, WeChat, video...even including Dongxing Entertainment..."

The big old man obviously had no understanding of the distance, or did a lot of homework in advance.

Even finally mentioned Wankatoon!

When he talked about Wankaton, Li Dong said in a bad face: "Wankaton is not included! In addition, Dongxing is not our industry, it is just a partner, and it will not be included!

pp-related industries, just refer to Teng Xun, and there are also information we give you.

WeChat is included in it. As an international bank, you should also understand the meaning of this.

Once WeChat explodes completely on the mobile terminal, the effect will be amazing.

This also established our position as the overlord of instant messaging and obtained tickets for the mobile Internet era in advance. It would not fail in the middle like Teng Xun.

In fact, the combination of these industrial chains in the distance is far beyond Teng Xun’s value.”

The big old man arrived immediately: "Wankatong is not included in it, the PP industry does not have such high value..."

Li Dong frowned and said, "China's policies will not allow this. Even if I want to, I can't do it.

As for Tenpay, it's different from us.

What's more, China will introduce some policies one after another. It won't take long to change Tenpay. Don't say that Teng Xun hasn't mentioned this matter!"

When a third-party payment license was issued, Tenpay also obtained the license.

However, Brother Ma did not kick out foreign capital like Ma Yun, but instead obtained a payment license through some evasive means.

It is only a matter of time before it can be converted.

If you don’t change now, you will definitely change it next time.

In later generations, WeChat Pay was actually different from Tenpay, and the two were not the same system.

Of course, after all, some things are not for policy reasons, but they are definitely not allowed. They can be avoided through some legal means.

But why did Li Dong add Wanka toon?

Anyway, there is only one meaning: pp is pp and Wanka is Wanka. The two are different.

Although Big Lao Hei on the opposite side also knew this, he was still a little disappointed. The PP industry, which does not include Wankatong, may also have great value, but the value is still greatly reduced after all.

After all, it is a big group, and it is not the first day to join Teng Xun. Who doesn’t know how valuable the Internet payment system is in these giant Internet companies?

However, before this, the other party also made this preparation, pp financing instead of Wankatong financing. Li Dong made it very clear. He just mentioned it, but he just had a glimmer of expectations.

Now that Li Dong has clearly rejected it, Big Lao Hei has no choice but to continue: "The specific financing plan for pp, here in the distance..."

"The total share capital is 1 billion shares, of which 200 million shares are used for financing, and the planned financing is $3 billion!"

As soon as these words came out, the big old man opposite began to frown.

Relatively speaking, Li Dong's offer is not high, and the 20% stake after financing is only worth US$3 billion, and this US$3 billion will enter the pp instead of being taken away by Li Dong personally.

In summary, the current valuation of the PP industry is only about US$12 billion.
To be continued...