Chapter 703 I want HK Electric! 240 billion US dollars, 148.8 yuan per share?
In the afternoon at the golf club, Chen Yansen and Li Zeju stood opposite each other.
When their eyes met, there was a quiet temptation hidden in them that is unique to top capital players.
"Mr. Li, you're too polite!"
Chen Yansen held the other person's right hand and spoke in a gentle tone.
Li Yanning stood beside her father, her eyes unconsciously lingering on Chen Yansen for a few seconds.
She had seen his photos several times in Time magazine. He was wearing a neat suit and had a distant and sharp look between his eyebrows. But now that he was in front of her, she found that he was even more dignified in person than in the photos.
The dark grey suit makes his figure stand out tall and straight, the watch showing through his cuffs is low-key yet full of texture, his tone of voice is calm when he speaks, he is obviously smiling, but there is a sharpness in his eyes that makes people dare not underestimate him.
Seeing this, Zhou Songtao and people from Goldman Sachs, Morgan Stanley, and Huaxin Securities took the initiative to give a corner of the rest area to Chen Yansen and Li Zeju.
"Mr. Li wants to talk to me about Deep Blue Battery's business?"
As soon as Chen Yansen sat down, he stared at Li Zeju opposite him and asked straight to the point.
He really didn't have the patience to beat around the bush with the other party.
Li Zeju paused for a moment before responding, "Does DeepBlue Technology need investment? Cheung Kong Holdings is willing to acquire a 10% stake at twice the market price. Furthermore, the Li family has energy businesses in the UK, Australia, New Zealand, and Canada, and can assist DeepBlue Technology in securing more energy storage grid contracts."
Chen Yansen's directness surprised him a little, but it did not disrupt the words he had prepared in advance.
"What do you think, Mr. Li?" Chen Yansen picked up the whiskey in front of him, took a sip, and a mocking smile appeared at the corner of his mouth.
Back then, in order to acquire 15% of the equity of DeepBlue Technology, Shenzhen City invested 6 billion yuan in cash, 1 million square meters of industrial land, and policy preferences and mineral resources that cannot be measured with specific numbers.
Now the Li family dared to ask for 10% of the shares just by opening their mouths. He was very curious, who gave them such courage?
Seeing that his attempt failed, Li Zeju couldn't help but feel a pang in his heart.
He is a smart man who has experienced countless negotiations since he was a child. He can clearly perceive that although Chen Yansen looks gentle, he is actually an extremely strong businessman at heart.
"How about a different approach, a joint venture to build a factory?" Li Zeju thought for a moment and proposed a new plan: "In recent years, due to protests from environmental associations in Europe, the development of thermal and nuclear power has been restricted. However, the power supply systems of solar and wind power are not stable enough, and there is an urgent need for large-scale energy storage grids to improve the new energy industry structure.
We can be more flexible with regard to shares, letting Deep Blue Technology hold the controlling stake. The Li family will not participate in the fight for controlling stake, but only needs the right to dividends and sales rights in the European and American markets."
What this means is that the Li family only wants to get a piece of the pie in the Deep Blue Battery business, and their core goal is to revitalize several lithium mines in Australia.
You know, no matter how valuable lithium ore is, if it is idle for a long time and no one mines it, it will only become a negative asset that hinders development.
If the invested funds cannot generate profits, it is a failed decision in itself.
Moreover, entering the new energy industry was a decision led by Li Zeju.
If this cooperation fails, the outside world will inevitably question his investment vision, which is something he does not want to see.
"No problem." Chen Yansen readily agreed, and then added a condition: "But the Li family must sell the shares of Hong Kong Island Electric Co., Ltd. to Sunlink Capital."
The annual revenue of Hong Kong Electric Company Limited is as high as tens of billions, making it the second largest power company in Hong Kong Island. Holding it in hand is like a goose that lays golden eggs.
Basic industries such as electricity, gas, and transportation, which are closely related to people's livelihood, are all high-quality assets of Cheung Kong Holdings and can generate continuous and stable returns. Who would be willing to sell such assets?
Li Zeju was slightly startled, thinking that Chen Yansen had misunderstood, and quickly explained: "Mr. Chen, what I meant is that the joint venture to establish a production base for Deep Blue Battery does not involve the R&D sector."
"I know." Chen Yansen said indifferently.
Know?
Knowing this, how dare you ask for such a high price?
I took the initiative to approach you to discuss a joint venture to build a factory, but you set your sights on my family's ancestral property?
Li Zeju took a deep breath and suppressed the waves in his heart. Only then did he realize that the person in front of him was either extremely greedy or had no intention of cooperating sincerely from the beginning.
He didn't understand how the Li family had offended Senlian Capital.
"Mr. Chan is such a joke! There is absolutely no chance of selling Hong Kong Electric."
Li Zeju refused in a firm tone.
"So would shares in Northern Gas, UK Power Network or Husky Energy of Canada."
Chen Yansen said this with an attitude of "I'm not picky."
Hearing this, Li Zeju's face darkened and he continued to shake his head.
"It seems that Mr. Li has no sincerity in cooperating."
Chen Yansen held the wine glass and spoke slowly.
Li Zeju stood up suddenly, a hint of anger instantly appearing on his face. He said in a cold voice, "Mr. Chen, if Senlian Capital had no intention of cooperating from the beginning, they could have simply refused this meeting. There's no need to keep playing tricks on me!"
"From this perspective, it seems that Li Chaoren's education has failed. Someone just hit you lightly, and you lost your temper and jumped to your feet, breaking down your defenses?"
Chen Yansen commented with a chuckle.
So, this is a test?
Li Zeju muttered to himself.
Afterwards, just as Li Zeju was about to sit back down, he heard a particularly harsh voice: "I have neither a shortage of funds nor a shortage of companies to help me with OEM. Mr. Li is asking for Deep Blue Technology's equity and OEM rights, but he can't offer anything of equal value in exchange.
It's really puzzling why Li Ka-shing chose you as his successor."
For a moment, Li Zeju stood there in a daze, his face slowly turning red.
The identity of the second generation of the Li family is a halo, but also a shackle.
Chen Yansen's light-hearted question was like a poisoned steel needle, piercing the image of successor that he had worked hard to maintain for more than 20 years.
He clenched his fists and his Adam's apple rolled twice.
Fortunately, his years of shrewdness finally paid off. He suppressed his surging emotions and said calmly, "Deep Blue Technology may have promising prospects, but it may not be completely successful in the European and American markets. Our Li family has been operating overseas for thirty years, and our energy network covers twenty-seven countries. Are these substantial resources not worth the qualifications of an OEM?"
“It’s more reassuring to hold resources in your own hands.”
Chen Yansen smiled and said.
He had wanted to take advantage of this opportunity to cut a piece of meat from the Li family, but he didn't expect Li Zeju's rejection to be so straightforward, making his plan fail.
Since the talks failed, Chen Yansen lost interest in dealing with Li Zeju.
The conversation didn't last more than half an hour before the two men stood up and left in different directions.
Zhou Songtao watched from afar with a meaningful smile on his face.
Even Song Yuncheng could guess the purpose of Li Zeju's visit, and as the chairman of the Hong Kong Stock Exchange, he was an experienced man and could naturally see it.
What surprised him was that Chen Yansen and Li Zeju had obviously broken down in the talks, and it was so obvious that they parted on bad terms.
He pondered for a while, and a light bulb went off in his head. He thought of the Li family's "westward advance and eastward retreat" asset restructuring strategy, and his eyes suddenly lit up. He vaguely guessed some of the thoughts of the upper echelons.
Although he didn't get any accurate information, he had already figured out a complete set of logic in his mind.
It is very likely that Chen Yansen was sent by the higher-ups to threaten the Li family!
…
…
The next morning, Chen Yansen showed up on time at Sunlink Capital's office in Hong Kong Island and met again with representatives from more than a dozen institutions including Goldman Sachs, Morgan Stanley, Huaxin, Tai Fook, Sun Hung Kai, and Huajin.
Zhou Shouzhi and Gao Weilin are responsible for selecting three to five securities firms from these institutions to coordinate Orange Technology's roadshow, pricing and listing work in Hong Kong Island.
Goldman Sachs was the most confident and immediately called out a bottom price of US$240 billion.
Although Orange Technology is inferior to Shanxing Electronics in terms of revenue and shipment volume, it has many core advantages that Shanxing Electronics cannot match.
For example, the Aurora Future System, Deep Blue Battery, Moss Voice Assistant, Tiangong Chip, etc., whose market share continues to rise, and if we include the memory chips that are in the research and development stage, Orange Technology has almost mastered the most critical software and hardware links in the smartphone field.
In addition, through its share purchase plan, Senlian Capital has now become the largest shareholder of Dongfang.
Although it has not gained actual control, its voice in Dongfang is constantly increasing.
This is also the main reason why Goldman Sachs dared to offer a price of 240 billion US dollars!
A mobile phone brand that has maintained rapid growth for three consecutive years and has its own self-developed chips and operating systems is not something that Shanxing Electronics can challenge.
In the view of financial institutions in Europe and the United States, Orange Technology's future market potential is in no way inferior to Apple.
In another two or three years, as long as the market share of Aurora Future System can exceed 20%, it will only need to follow Apple's commission-based operation model in the application market, and its revenue will inevitably usher in a new round of growth.
What's more, Orange Technology's business in the fields of computers, smart wearables, smart speakers and digital accessories is also growing at a very impressive rate.
Morgan Stanley's offer is US$230 billion.
But Gao Fenghao, the person in charge of Hong Kong Island, privately believes that this figure is too conservative.
Apple can extract tens of billions of dollars from developers every year through the iOS ecosystem, and Orange Technology's Aurora Future System is replicating this path.
Now the number of developers in the Aurora App Store has exceeded one million. In another half a year, once the storage chips are put into mass production and a closed loop of software and hardware is formed, the valuation will have to take another turn.
The valuation given by Huaxin is 236 billion US dollars.
Tai Fook Securities is US$228 billion.
Sun Hung Kai's is US$234 billion.
Joaquin is 227 billion US dollars.
After some discussion, Zhou Shouzhi finally set the valuation of Orange Technology at US$240 billion, and the preliminary estimated issue price was 148.8 yuan per share.
Even in the huge Hong Kong stock market, it is considered a high level.
Three underwriting institutions have been confirmed, namely Goldman Sachs, Huaxin and Sun Hung Kai.
Among them, Goldman Sachs belongs to the foreign capital camp, Huaxin has a state-owned background, and Sun Hung Kai is a long-established securities company with a long history in Hong Kong Island. The three have their own advantages.
That afternoon, Chen Yansen's car slowly drove into No. 77 Deep Water Bay Road.
at the same time.
The valuation quote given to Orange Technology by Hong Kong securities firms quickly spread throughout China's financial circles.
When the high price of 240 billion US dollars came out, many people couldn't help but gasp!
Many people are wondering: Can the Hong Kong stock market support a valuation of US$240 billion?
Or, will Orange Technology’s stock price fall below the issue price on the first day of listing?
However, when mainland and overseas investors learned the news, they immediately began to study the account opening process for Hong Kong stocks.
This is an inexplicable emotion at work!
This is because the subsidiaries of Senlian Capital have always maintained a winning record in the capital market, and most of them are super unicorns in their respective fields.
If Chen Yansen had failed once, they would probably not be so blindly optimistic about Orange Technology.
But the reality is that Chen Yansen has been making great progress and has never lost!
Buying highs and selling lows is the typical mentality of ordinary people!
In their opinion, Orange Technology's market value should at least reach 500 billion US dollars, or at least not lower than Apple.
Even if it is really worse than Apple, the gap should not be hundreds of billions of US dollars.
The sunshine at the end of September was warm and pleasant, the streets of Central were bustling with traffic and people, and Orange Technology's listing process was gradually entering the countdown stage.
(End of this chapter)
Continue read on readnovelmtl.com
