Chen Pingsheng returned to the Magic City headquarters.

Because the acquisition negotiations for the country's first lithium iron phosphate battery factory are nearing completion.

He took over the full investment and transferred all the new energy vehicle components to Tengfei.

Only professional battery production capacity and battery R&D department will be retained.

The cost is 5.5 billion.

Taking over a battery factory that still suffers a net loss of several small targets every month is undoubtedly a huge pressure.

Zhang Wanyi, the busty secretary, is still concentrating on cashing out from Bobo Milk Tea and Feiyangyang's scattered shares that were bought back at low prices.

Two billion yuan was invested and it took more than a month.

The estimated cash out amount is approximately 3.5 billion.

The net profit of 1.5 billion was mainly due to cashing out too early.

If we wait a few more months, we can earn at least another 500 million or 600 million.

Everyone, including the secretary Zhang Wanyi, felt very sorry, but there was nothing they could do as they were in urgent need of funds.

This money must be cashed out in advance.

In addition, he previously used 3 billion to repurchase Tengying Entertainment's shares.

The average repurchase price is approximately at the level of 17 billion market value.

Now Tencent Pictures' stock price has risen back to 35 billion, and it is only a matter of time before it reaches 40 billion.

If he dumped all of his large holdings into the stock market, the good situation would probably be smashed again.

The best way is to find someone to take over.

Chen Pingsheng still contacted Tong Zelan. His investment in Tengying Entertainment had already made her a lot of money.

He also became famous in the capital market.

If it weren’t for the previous speech incident, Tencent’s stock price would have increased to at least 50 billion by now.

The main reason is that this year's financial report is too strong. In the first half of the year, Q1 and Q2 alone, the company achieved a net profit of over 1.2 billion.

In addition to the second half of the year, the overall financial report of 2016 showed a very gratifying increase compared with the same period last year.

It is definitely expected to become the entertainment stock with the highest net profit in 2016.

Compared with others' hundreds of billions, it's only more than 30 billion.

There will definitely be a large increase in the future, Tong Zelan is also very clear about it, if it were not for the imminent acquisition of the battery factory.

It is impossible for Chen Pingsheng to sell the stocks repurchased at a low price at this time.

All I can say is that he is bold and careful in making money. He took advantage of the pessimistic capital market to repurchase his own shares.

Then, when the market was good, they sold it and made a net profit of billions.

This is much higher than the original corporate profit.

In order not to affect the future growth of Tencent Entertainment, the market value of more than 30 billion is far from reaching its peak.

Tong Zelan joined forces with four major capitals in Shanghai.

At a joint investment of 5 billion, they took over all the stocks he held.

Fifty billion, that is definitely far lower than the current stock price.

This is also normal. If he just sold it like this, he would try to cash it all out through the stock market.

Not to mention that it will bring down the stock price of Tencent Entertainment, which has been hard-earned.

It's completely too late in terms of time.

It will take a long time to cash out all of it.

Now you can cash out all at once at a 20% discount without affecting the stock price of Tencent Entertainment.

It can be said that this is quite good.

5 billion goes in, 8.5 billion comes out.

The returns are quite gratifying.

After Chen Pingsheng raised 8.5 billion, he formally asked the negotiation team to sign a contract with Zhang Zhiyao.

A news conference on Ultrama's full acquisition was held in Shanghai.

…

Magic City Calendar, June 8, 2016.

Financial reporter Meng Yuyu arrived at the headquarters building of Tencent Film Group in Shanghai early in the morning with a backpack.

Companies that can own super-large office buildings in Pudong New Area have undoubtedly made great achievements in a certain field or multiple industries.

Any office building costs at least over 10 billion, not to mention this super-grade A office building with 22 floors.

The boss of Tengying Group is very mysterious, and so far no media reporter has been able to interview him.

She thought it was a pity that they could even reject reporters from central media, let alone local media.

It's obvious that he doesn't want to show his face in public.

This is a super large group that started out selling fruits. Later, it entered into many fields such as high-end health and beauty, entertainment, milk tea, coffee, live streaming, hypermarkets, etc. and achieved considerable results.

Now that it has entered the new energy industry, it has created the largest wholly-owned acquisition in this industry in a short period of time.

It can be said that the scenery is also very beautiful.

As a result, the stock prices of his listed companies also soared.

New energy vehicles are the second industrial transformation project that the country has focused on supporting, and it can be said that countless resources and efforts have been poured into it.

Tengying Group entered this industry as an outsider and invested more than 20 billion yuan in real money in a short period of time.

It is definitely the biggest capital player among the current group of car companies.

Whether it will succeed or not, no one knows.

Just looking at his attitude, he was determined to die if he failed.

No matter which company it is, no one will invest hundreds of billions of dollars in new energy vehicles at the beginning.

Everyone tries to save as much as possible.

If you don’t have to research it yourself, then use someone else’s.

If you can outsource it, then don’t build it yourself.

No one would invest tens of billions of dollars to enter the market like this group.

The new energy market is turbulent and the outcome is uncertain.

Now that there is another RMB player coming in, no one knows what its future will be like.

Meng Yuyu arrived relatively early, but many people arrived earlier than her.

After all, this is the largest single full-equity acquisition in the new energy market to date.

Want to be inconspicuous.

Looking at the three executives sitting on Tengfei's side, they are all well-known figures in the industrial world.

This time it's more than just a simple acquisition.

Yan Donghui also announced that Tengfei will invest another 4 billion yuan near Lingang to build its own Tengfei Ecological Industrial Park.

To put it more simply, it means building our own Tengfei New Energy Vehicle Industrial Park.

It mainly includes three headquarters buildings, eight R&D centers, and staff dormitories.

Such an ecological industrial park is mainly used in conjunction with a super factory.

The super factory is responsible for overall production, while the ecological industrial park is responsible for headquarters operations and R&D.

With an investment of 4 billion, it can accommodate at least 20,000 people working together at the same time.

It will take about one to two years from construction to implementation.

It depends on the speed.

During this period, Tengfei will rent an office building for its headquarters use.

Meng Yuyu really didn't expect this.

They are actually going to invest another 4 billion yuan directly to build an ecological industrial park.

The momentum of spending money like water is undoubtedly that of a real rich man.

Breaking news came one after another, and even Meng Yuyu was confused about how much money Tengying Group planned to invest in car manufacturing.

No wonder he hasn't even attracted an investor. If he plays like this, no one will be willing to invest in him.

The main reason is that they burn money too quickly.

It happened so fast that the capital market couldn't react.

(End of this chapter)