Monday, May 11th.

At 9:30 am, Hong Kong stocks will open!

Teng Xun's opening price is HK$31.2.

As soon as the market opened, the decline exceeded everyone's expectations.

When Yuanfang announced that it had uninstalled Teng Xun's products by more than 100 million, Teng Xun's greatest confidence in QQ's number of online users at the same time fell below 10 million, which once again panicked investors.

At this time, countless investors were crying and shouting and waiting for the buyer to come in and rescue.

Teng Xun also responded and comforted.

According to Ma Huateng's words, if the decline falls, some things will still be there.

With 10% of Yuanfang Mall, CF has one year left in agency rights. According to Li Dong's boast, these two things alone are worth tens of billions of yuan!

Add Teng Xun’s fixed assets, patented technology, brand...

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

In fact, it is far more than this price. After all, unless Teng Xun really stops operating, as long as he continues to operate, even if he withdraws from the ranks of first-tier IT giants, it will be fine to defeat some second- and third-tier companies.

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

Teng Xun said this very directly. Based on the total share capital of 1.7 billion, if it falls below HK$20, someone is definitely manipulating the stock market. In fact, it shouldn’t be that it falls below HK$30.

Of course, 30 Hong Kong dollars means that Teng Xun's market value is still above HK$50 billion. If anyone agrees with this, it's hard to say.

But no matter what, the panicked investors were still a little quieter.

Even if it falls, it will not fall below HK$20. This is what Teng Xun said. Although Teng Xun's credibility is very suspicious at this time, should Li Dong believe in Li Dong's things?

Unless Li Dong slapped himself in the face and insisted that his products were not worth a lot of money.

If you really want to do this, Li Dong himself will lose in the end, and it will only be even greater!

Once he says that Yuanfang Mall is not valuable and CF is not valuable, what should I do if I raise funds in the future? What should I do if I go public?

Although big names can sometimes talk nonsense, it doesn’t mean that everything can be repeated.

Moreover, in addition to the products from far away, Teng Xun's own things are still there. As long as it is back, it is inevitable that all users will return.

At that time, Teng Xun may have lost his position as a hegemon and was still a giant among second-tier IT companies.

Even Internet companies such as Focus Media, Ctrip, and NetEase have market value of billions of dollars. Even if Teng Xun doesn't do instant messaging, or is a little smaller, based on their foundation, it will not be too bad to specialize in gaming platforms or other things.

I dare not say that the previous market value of US$20 billion is not worth $5 billion?

So Teng Xun said that it would not fall below HK$20, which was unanimously recognized by the industry and outside the industry. Some institutions even gave a purchase price of HK$30.

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

Next, whether Teng Xun regroups and continues to fight back to the front line, or chooses to withdraw from the real-time communication field and moves to other fields, they will not lose money.

Or, Teng Xun chose to suspend trading and reorganize the industry, and the industry was split and merged, anyway, the lean camel was bigger than a horse.

Unlike Alibaba, which has fallen below the issue price, there is no possibility for Teng Xun.

The pricing of Alibaba's listing is actually a bit inflated. Their total share capital is much higher than that of Teng Xun. The listing starts at HK$13.5, and the market value according to the issue price is as high as about US$9 billion.

So Alibaba can fall below the issue price, but Teng Xun won't.

A few days ago, it was a publicity need. Far and a large number of experts hoped that investors would panic and needed to suppress Teng Xun before saying that they would delist at the issue price. In fact, this may obviously not exist.

Once these analyses were revealed, although Teng Xun's stock price was still falling, it began to maintain it when it fell to around HK$28.

A capital institution has entered the market!

Chasing for profit is the instinct of capital institutions. Although Teng Xun's situation is currently difficult, he may completely lose the hope of returning to the front line again. However, even if he cannot be killed back, the current price can still be afforded.

Moreover, these institutions are well-informed, and the Chinese government has begun to intervene.

At the beginning of Monday, the person in charge from the distance was summoned, and the same was true for Teng Xun and Baidu companies.

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

On Sunday, there was actually a department to mediate, but the distance was delaying time, and the other party could tolerate it in one day.

On Monday, a big shot from some departments of the Ministry of Industry and Information Technology personally called Li Dong, and his tone was also relatively stern.

In this case, if the Far East does not want to harm these departments, it will definitely resume compatibility within three days at most, so as not to be forced to be enforced and lose face.

Three days, plus the first three days, the longest time is six days. Although Teng Xun must have suffered heavy losses, six days is not enough to completely die.

These situations are obvious, and capital institutions are not stupid. If they don’t enter the market at this time, when will they enter the market? If they wait any longer, they may have to enter the market in the distance.

Of course, there are certainly restrictions on entering the field from afar.

While suppressing the other party in business, while entering the market at a low price in the stock market, it is inevitable that a name that controls the stock price will be manipulated.

If you become serious, you will suffer losses from the distance.

At this time, the probability of Li Dong entering the market is not high, especially when entering on a large scale, it is not a big problem to play with small funds.

In fact, for Li Dong and others, making a small profit in the stock market is not very meaningful.

Winning Teng Xun is much more cost-effective than having a small fuss in the stock market.

...

distance.

Yuan Chengdao and others gathered together, and Liu Honghui reported: "Mih has offered conditions, and they also guessed the next choice between us and Teng Xun.

In fact, this kind of thing cannot be hidden from mih, after all, the other party is the largest shareholder.

Mih means that they redeem the shares in ABSA and hold a total of 44.5% of Teng Xun's shares.

As for these shares, they hope to continue to retain them, waiting for our restructuring plan to be completed and proportional dilution is carried out.

Of course, the other party is still the same as before, only paying dividends and not participating in the operation. The management rights are handed over to the distant places, and the voting rights are the same.

This condition is actually not unacceptable…”

Liu Hong said and looked at Li Dong. He knew Li Dong’s thoughts, but the conditions were really not too harsh.

Moreover, even if the Yuanfang wants to buy it back, he must have money!

According to the current market price, counting HK$30 per share, the other party holds 44.5% of the shares, and the market value is more than HK$22 billion.

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

Before, the far side had a storm, which made Mih feel a little panicked. Now the far side has the meaning of mergers and acquisitions, so the form is completely different.

Of course, capital institutions actually don’t want to have too much trouble with the management team, as this is not beneficial.

Yahoo has had a big fight with Alibaba, and both sides are suffering losses now.

Mih gave up his management rights and voting rights, hoping that he would retain his original interests, and hoped that Li Dong could create greater wealth for them, but in fact he did not want to be unhappy with the distant places.

Generally speaking, if the former major shareholder is so straightforward, the merger and acquisition company will only be happy.

But this guy Li Dong is hard to say.

Liu Hong said again: "In addition, since we are planning to acquire Teng Xun for restructuring, and even go public directly, the financing plan..."

Li Dong frowned and said, "Of course we will continue! Where can we get money without financing? How can we acquire Teng Xun without money? Do you really think Ma Huateng gave us it for nothing?"

Liu Hong coughed lightly and said, "Actually, what I mean is to acquire Teng Xun first, so that we can get all the war dividends.

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

Once financing is completed, Teng Xun will be acquired with the financing money, and the interests will be divided with the financing company.

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

As for why restructuring requires the introduction of these institutions, the key is the issue of money.

It is impossible for Teng Xun to acquire money without spending money. There is no money far away, so borrowing money is actually not a good thing, especially now.

Introducing capital institutions, first let the PP lend a part of the funds, and then repay them with the financing money. In this way, it is equivalent to using their money to monopolize Teng Xun's dividends.

And capital institutions will not be unhappy. After all, after the restructuring, it will be resuming listing. We will definitely make money. Everyone benefits each other. No one loses. There is no reason not to agree. It’s nothing more and less.

Teng Xun's reorganization and listing still needs some institutional support.

Especially this time, once Teng Xun is backed by the backdoor, he can only choose to go public in Xiangjiang.

With the scale of the reorganization of PP and Teng Xun, the scale of listing financing will not be too small. Without these capital parties' support, it is not enough to rely solely on scattered shareholders.

A company listing is a common feast for the capital and the operator.

If you want to put aside one side and enjoy it yourself, there is no such possibility.

Li Dong tapped the table gently and said for a while: "Teng Xun now has a total share capital of 1.7 billion shares. After we reorganize, I will make a budget first and plan to add 3.3 billion shares, with a total of 5 billion shares.

Mih accounts for 750 million shares of 1.7 billion shares. If the total share capital is 5 billion shares, the other party still holds a diluted 15% equity, which is a bit high."

Even if pp wins this time, it will not be able to surpass Teng Xun in the end. Of course, there is still hope if you fight from afar.

Teng Xun at this moment is different from what he had done a few days ago.

The total share capital of the final listing was 5 billion shares, and Mih occupied 15% of the shares, and Li Dong was a little unhappy.
To be continued...