Chapter 673 Transfer and Acquisition
There are two main reasons for Feiyangyang's losses.
One is the high salaries of employees, and the other is mainly market factors.
In the earliest days, the emergence of food delivery apps did solve certain customer flow problems for the catering industry.
But over time, especially after the food delivery apps went through initial capital expansion and integration, they finally formed a monopoly.
The spring of the catering industry is basically gone.
No matter how big the store is, you will find an astonishing fact: the big store next door can actually order a set meal for three people with two meat dishes and one vegetable dish for only seventy or eighty yuan.
The entire industry is caught in a crazy internal competition.
Feiyangyang started out by relying on high cost-effectiveness in the early days. Now, rents are getting higher and higher and wages are not decreasing, coupled with the well-known three-year illness.
In four years, Chen Pingsheng personally paid more than 2 billion yuan in losses for this company.
It can be said that he has done his best, and his personal shares have increased from 5% to 30%.
The market value of Feiyangyang is only about 6 billion, the same price as when it was first listed.
In the entire catering industry, Haidilao is the only restaurant that has high customer prices due to its special service.
Other large companies are almost facing the same problem, that is, heavy losses.
What he has to do now is to find a new buyer for Feiyangyang. After knowing the news that Tengying Group is going to sell Feiyangyang, Gao Hu came to him immediately and brought Changfu with him.
He spoke sincerely, hoping to be given another chance to take over Feiyangyang again.
As for selling it to him, no matter how much Gao Hu wanted to, he didn't have the ability to do so. After all, Feiyangyang's market value was there, and it still had more than a thousand directly-operated stores.
It can only be like this if it goes any lower.
Chang Fu said, "Old Chen, Feiyangyang was built up by Gao Hu and you with great effort. It's been so many years. If he wants to take it back, you can give him a chance."
"We brothers should settle the accounts first."
Chen Pingsheng said, "You are well aware of Feiyangyang's net losses in recent years. Although I am currently too distracted to take care of that business, if Gao Hu wants to take over, he must at least prepare 400 to 500 million in working capital. Otherwise, how can he make up for the losses?"
A very realistic problem is that if your boss cannot come up with money when the company is making losses, there will definitely be big trouble.
If employees don’t get paid for more than three months, they will definitely cause trouble.
The main reason why Feiyangyang has been safe and sound is that he has enough funds to fill this loophole.
But Gaohu doesn't have this money, so what can he use to take on Feiyangyang?
It is impossible to ask him to subsidize 400 to 500 million yuan every year. This is unrealistic for any boss.
Chang Fu thought about it and realized that this was indeed the most difficult part for Gao Hu. It was obvious that Chen Pingsheng no longer wanted to pay for subsidies for Fei Yangyang.
His method is very simple, which is to package and sell Feiyangyang to other catering giants.
What Gao Hu wants now is to contract independently and be responsible for his own profits and losses. Anyway, the situation is like this now, so it won't be a big problem for him to contract.
The key is that he can't afford the loss.
Without 700 to 800 million in cash, no matter how good the relationship is, it will be impossible.
Chang Fu himself was powerless. He did have money, but it was impossible for him to come up with so much money to guarantee Gao Hu.
His wife Yang Qian would definitely not agree.
For Gao Hu, all kinds of regrets are coming to him. The most glorious moment in his life is definitely not being an internet celebrity anchor now.
But the moment Feiyangyang went public, he became the brightest star in the entire catering industry.
This is not just financial freedom, but also a feeling that no man can forget.
Unfortunately, he missed it.
No money means no money, no matter how much you want to take over Feiyangyang again, it is impossible.
Chen Pingsheng is still looking for buyers, or partners, as usual.
The buyer can package everything and make a full acquisition, or he can pay money to acquire a large number of shares.
It is not easy to acquire such a listed company in full. You need to be very strong.
He hadn't found a suitable buyer for Feiyangyang yet when Lao Wang called again.
Wanda Commercial Management failed in its third attempt to go public. As a result, Lao Wang had to repurchase the bet funds he had obtained with equal interest due to the failure of the listing.
This was already signed in the financing agreement.
If the listing is successful, everyone will be happy, but if the listing fails, Lao Wang will have to pay for all the capital.
A very realistic thing is that Lao Wang undoubtedly failed this time.
The once-richest man in the country also began to look haggard, and his sons began to settle down and live a simple life.
There may still be legends about him in the world, but he is definitely not the most famous one.
A generation of famous entrepreneurs is about to officially leave the stage of history.
Wanda, the world's most famous urban complex, is destined to find a new buyer.
There are not many people in the country who dare to directly quote 120 billion and can come up with this amount of funds at any time.
Wanda Commercial Management has about 500 stores in the country, and its highest valuation once reached 500 billion yuan.
Now there is only 120 billion left, which is the 120 billion he bid.
Chen Pingsheng brought the group's financial team, legal department, secretariat, etc. to Wanda Commercial Management's headquarters to conduct acquisition negotiations.
This time, Lao Wang gave up about 60% of his shares, which means he gave up his absolute controlling rights.
The entire financial team, legal team and secretariat brought by Tengying Group are all busy with this.
Liquidation of Wanda Commercial Management's core assets and debt restructuring, including various taxes.
It can be said that this is a very huge task.
Of course, these details will naturally be the responsibility of the group's employees.
Chen Pingsheng himself was also sighing. When he was still selling things on the street, the person in front of him was already very successful.
Wanda Plazas are opened all over the country, and his son is also known as the national son-in-law on the Internet.
In the blink of an eye, ten years later, this huge commercial property will fall on his hands.
He can also use this to open his own offline Tengfei New Energy stores across the country.
It can build the most complete department store system more quickly, and add brand advantages.
It can be said that the acquisition of Wanda Plaza is of great significance to the stars of Tencent Film Entertainment.
Not to mention that he has so many offline cinemas.
In short, if you have money, this is an extremely cost-effective investment.
As a result, he cashed out 1.5% of his Nvidia shares.
In exchange for tens of billions of US dollars, it will be used to acquire a 60% controlling stake in Wanda.
This was an acquisition that was three years late for him. Whether he liked it or not, the news caused an uproar in the entire financial circle.
You have to know that this is no longer the real estate era. If it were still the real estate era, this acquisition would not be so exaggerated.
Because many real estate bosses like to take out bank loans to make big investments here and build new cities there.
The current market situation is that everyone is tightening their monetary policy and dares not let large amounts of cash flow out of the company.
Not to mention that he put out 72 billion at one time for the acquisition without any bank loan.
When the news came out, people were not shocked that Tengying Group acquired Wanda’s controlling stake, but were shocked that it did not need any bank loans.
How much cash flow is needed to achieve this?
It’s hard for Chen Pingsheng not to be famous, but this time, he used the Tenghui Investment Fund registered in Hong Kong.
A series of shareholder names are from overseas companies, so it would be difficult for ordinary people to find them, but people with channels will naturally know them.
This is a capital company registered by Tengying Group in Hong Kong.
No matter how it goes around, it is still a big capital under Tencent Film Group.
Further investigation revealed that between 2021 and 2022 alone, Tengying Group cashed out nearly 30 billion US dollars by investing in Tesla shares.
In addition, it is also one of the largest shareholders of Nvidia and Google. In just ten years, it has made a net profit of 40 to 50 billion US dollars through investment without any obvious effort.
It's not surprising that it can come up with more than 70 billion in cash.
They have been investing heavily in new energy and AI industries since 2016.
He has invested in almost all domestic new energy vehicle companies that can be listed.
Tesla has become a major shareholder in one fell swoop, and it itself is also a leader among domestic new energy vehicle companies.
It can only be said that when Tengying Group took out 72 billion in cash to complete the acquisition.
Basically everyone in the world knows that he is super rich, far beyond the reach of ordinary large enterprises.
But as the saying goes, a tall tree attracts the wind, which is never a good thing.
Especially with such a strong storm, Chen Pingsheng frankly explained a problem after returning to the Magic City.
He did make a lot of money from investments in Tesla, Google, and Nvidia.
In comparison, his own traditional listed companies are nothing.
As for those half-armed bosses in the entertainment industry rumored online, they are not worth mentioning to him.
Chen Pingsheng also used his actions to quickly eliminate those who wanted to harm him.
He made the announcement directly when he held a press conference in Shanghai.
If Nvidia's market value exceeds 800 billion US dollars one day, he will donate more than 5 billion yuan to the three top universities in Shanghai every year free of charge.
The duration is twenty years.
If Nvidia's market value exceeds one trillion US dollars one day, he will donate an additional 3 billion RMB to Shanghai every year.
The duration is also twenty years. What does this mean?
Once Nvidia's market value exceeds 800 billion US dollars, he will donate 5 billion to Shanghai University every year.
Once it exceeds one trillion US dollars, he will donate 8 billion to Shanghai every year.
And this period will last for twenty years.
Many people don’t understand why he did this. Only those who have reached their level will understand what a wise and rewarding decision this is.
The simplest thing is that all of his Nvidia shares are overseas. If something happens to him within 20 years, this agreement will be canceled immediately.
If nothing goes wrong, he will have to donate 8 billion to Shanghai every year, which is 160 billion in 20 years.
Even if Nvidia's market value really exceeds one trillion US dollars one day, his remaining 4.5% is equivalent to donating about half.
No one could say anything.
It is even more impossible to harm him because of this. If that were the case, the Demon City would be the first one to disagree.
What does it mean to spend money to buy peace? This is the best peace.
There was no doubt that he had to do so.
Otherwise, with overseas assets exceeding 40 billion US dollars, there would be too many people eyeing it.
Now, he has donated half of it to the Magic City, but the time limit is twenty years.
Now that things have come to this, who would dare to secretly set their sights on him?
It can be said that Chen Pingsheng is never vague on major issues.
Whether he acquires Wanda or not, this step will have to be taken sooner or later.
Instead of hesitating, it is better to be decisive.
As soon as he finished the announcement, the Magic City came to protect him immediately.
Various financial news in Shanghai praised his entrepreneurial style.
Anyone with a discerning eye could tell what was going on.
As a result, Chen Pingsheng became a well-known philanthropist in Shanghai. Even in the entire domestic charity sector, he can be considered the best.
When the money is paid out in 20 years, he will be almost the private entrepreneur with the highest donation amount in the country.
The slogan was certainly not shouted in vain. In the first year, he cashed out 0.5% of Nvidia's shares again, obtaining US$3.5 billion, or about RMB 24 billion, and registered a special donation charity fund called Tencent Movie Magic City.
This money is specifically used to fulfill his personal donation commitment.
It can be said that he was very decisive and direct in handling this matter.
As soon as the donation method was announced, more than 20 billion yuan was taken out.
Who else can be as sincere as him?
The effect of the donation is quite significant. Three universities in Shanghai have specially organized talent training classes for him.
This is also an ultimate recognition of identity and a great reward for his personal reputation.
It must be said that after achieving this, both his wife and he himself felt much more at ease.
Just like the big fish in the stock market eat the small fish, and the small fish eat the shrimps.
In the eyes of a higher being, he is just a bigger fish.
Being able to get out of a situation unscathed after making money is definitely a higher level of business acumen.
Outsiders only know that he donated a lot of money, but they have no idea what the significance of his donation is.
If Nvidia's net worth exceeds 2 trillion US dollars one day, he will donate nearly 20 billion to Shanghai every year without hesitation.
By then, the only ones who dared to talk to him about the law here were his younger brothers.
I just don’t know if that day will ever come.
Back to reality, he really doesn't lack money, as he already has enough personal business assets.
The purpose of the future is definitely not to make money, but to live a better life and fulfill a man’s ultimate dream.
Build your own technological empire.
Beyond that, it's hard to imagine there's anything he can't do.
If he is given another twenty years, he will be able to truly develop the Chen family into a large family with complex and deep roots.
All of this can only be said to have been prepared in advance.
Rather than choosing to settle abroad like others, he prefers to stay in China.
Earning money from this land and returning it back to this land is also an entrepreneur’s social responsibility.
(End of this chapter)
Continue read on readnovelmtl.com
