Chapter 159 Acquisition Action
While Yi Fei was considering magazines and other matters, Qi Yuan was busy acquiring Xinyue. In fact, seriously, in terms of asset strength, Fei Yuan was indeed not qualified to acquire Xinyue. After all, it was a very large multinational group!
However, it is obvious that everything in the mall cannot be determined by assets. Otherwise, how could the parent company of the world have made a small company with assets of less than one billion US dollars, but ended up taking over a large group with assets of over ten billion with financial support from the parent company!
Feiyuan's financial resources come from Yi Fei and Qi Yuan's capital increase, and it still maintains the equity ratio of Sanqikai. Yi Fei and Qi Yuan increased their capital by another 1.5 billion US dollars in cash, and then borrowed 1 billion US dollars from Li Group, Zheng Yudan and other companies and wealthy people. Finally, without asking for a loan from the bank, they successfully obtained sufficient acquisition funds!
The acquisition negotiations with the New Moon Group once fell into a low tide, and the shareholders of the New Moon Group asked for prices far higher than the market value! Fortunately, during the days when Yi Fei went to Daining, Qi Yuan successfully reached an agreement with some shareholders. In the acquisition and counter-acquisition with the major shareholders of the New Moon Group, he spent a total of HK$6.4 billion and successfully acquired 30% of the shares!
However, Qi Yuan was very dissatisfied with this achievement. If Xinyue had not raised the price in the counter-acquisition, forcing him to reach the acquisition at a price that was quite high than the market price. It would not be in line with the principle of interest and also made him feel frustrated.
Seeing that Feiyuan really took over Xinyue, the remaining major shareholders of Xinyue were forced to take the initiative to negotiate in Feiyuan's cold eyes! After all, Xinyue's acquisition has shown certain signs. Except for Xinyue's largest shareholder, as long as Feiyuan's price is high enough, there are many people who are willing to sell it!
The one who wants to negotiate with Qi Yuan today is Xinyue’s largest shareholder, Zhao Yangxin, and Xinyue’s president. Negotiating with Zhao Yangxin is also what Qi Yuan longs for. If he can solve the largest shareholder in one fell swoop, then other small shareholders will have no way to raise the price.
Zhao Yang is about fifty years old in the new year and is a Chinese American. He is much more depressed than Qi Yuan. The country he has built with one hand is about to be controlled by others, and that kind of feeling is definitely not very good! He prepared a lot for today's negotiations, but when this veteran who has been a long-time shopping mall came to the negotiation venue, he realized that his preparations were useless!
Qi Yuan is not a very direct person, but he used the most direct negotiation tactic today, staring at Zhao Yangxin who was a little haggard and said, "I know you have insufficient funds and the development business of Xinyue Group is too single. Now, the choice you need to make is to continue to control Xinyue, but there is no greater development!"
"Or, you sell the equity to Feiyuan!" Qi Yuan's eyes are bright now, not like the usual rough man, but an extremely smart business figure: "With Feiyuan's acquisition of shares of other shareholders, I will allow you to retain no more than 25% of the equity."
"You know the relationship between Feiyuan and Macau Entertainment, and you should also know the relationship between the hotel and the gambling industry!" If Yi Fei showed a contradictory and charming restrained personality, then Qi Yuan now fully demonstrated his own personality: "In that way, you can make a lot of money and free up funds to do other careers!"
"A very simple choice!" Qi Yuan stared at Zhao Yangxin. He knew that he was a veteran in front of him, so he didn't dare to take it lightly. He spread the cards out of the way and kicked the other party the problem of choice: "If you don't want to, then Fei Yuan immediately took away Xinyue's equity without saying a word!"
Zhao Yangxin was fatally injured by Qi Yuan. After more than 20 years of operation, Xinyue is indeed a very large hotel industry group. However, just like most old companies, they face the fatal problem of single industry. Xinyue is too dependent on the hotel industry and cannot be pulled out and invested in other industries!
Moreover, although the group's operations are in the transition from aging to younger age, they still have no obvious results. Zhao Yang is old and has lost his previous courage, and his son is not useful! The group has even suffered losses in several places. If they don't take it off, they are afraid that they will not be able to afford the current price.
The most important thing is that Xinyue Group currently bears a considerable debt of up to 9 billion Hong Kong dollars. If Zhao Yangxin had not been able to avoid financial crisis through financing every time, then Xinyue would probably be enough to make people drink a lot of money.
So, he chose to nod! Sometimes negotiations are so simple, but some people always love to create trouble! Qi Yuan's straightforward style obviously soon won Zhao Yangxin's trust. He believed that Qi Yuan could let the new moon come out of the low tide!
In the end, with Zhao Yangxin's cooperation, Feiyuan successfully acquired 80% of the equity, and the remaining 20% was concentrated in Zhao Yang's newbies! This 80% of the equity made Feiyuan pay a price of 17 billion Hong Kong dollars and also bear a debt of 9 billion Hong Kong dollars!
Feiyuan had just entered the Xinyue, and Qiyuan began a major operation. He received a notice from Yi Fei that Dai Ning would be going to do it soon, and time didn't wait for anyone! He must let Xinyue enter normal operation as soon as possible!
The core business of Xinyue Group is indeed the hotel industry, and because of the problem of too fast financing, Xinyue has hotels in almost every corner of the world. Of course, it is indeed too exaggerated to say that, but it can also be imagined that under the pressure of debt and financing, Xinyue has to pursue the path of expanding to relieve internal pressure through expansion!
On this day, in the Feiyuan Group headquarters building, Qi Yuan was thinking about who to send to Xinyue as the president, or who to hire someone! He was very serious about implementing Yi Fei's talent strategy, and almost never deliberately poached the outside world, but did it by cultivating talents and giving talents enough space to play!
Therefore, the damn problem that he is in a difficult situation now is not because he does not have enough ability, but because he suddenly realizes that the so-called talents are too young. Being a group president with a market value of tens of billions of Hong Kong dollars is definitely not experienced enough!
Although he believed that Xinyue did require drastic reforms and reorganizations, he could not just throw it over and cut Xinyue into rags. That was what Feiyuan spent tens of billions of dollars to get it. This is why Qi Yuan had to get the old group that operated a hotel at all costs.
Daining's investment requires the participation of the hotel industry, and with a century of investment, it is destined to become a new investment hotspot. Therefore, although Xinyue has several problems, Qi Yuan is interested in the rich experience of the middle and lower-level managers in Xinyue running hotels. Xinyue's problem is only strategic and debt pressure, which cannot be related to actual business management!
There was! Qi Yuan's heart moved and soon thought of it. He had an assistant who had been with him the same two years ago and had a very good mind. Moreover, Qi Yuan brought people with the idea of cultivating a future president, and now he should be almost done. If he had an experienced expert, then it would be impossible to believe that the problem would be.
His assistant was Zhang Weishan. He was originally a shy young man. After following Qi Yuan for a while, he actually practiced a decisive style! When Qi Yuan called him in and told him that he was going to transfer him to Xinyue as the president, he was stunned!
Qi Yuan couldn't help but sigh secretly. It seemed that he was not determined enough and needed the assistance of veterans. However, unfortunately, if he knew that Yi Fei had an outstanding and experienced talent, Li Niying, right away, he might not know that he would go over and grab people immediately.
Fortunately, Zhang Weishan did not express his lack of confidence, but nodded and agreed. Qi Yuan was too lazy to explain the others, so he threw out a document: "This is a restructuring plan I made before acquiring Xinyue. After going, just follow this one. Before April, I must let the group be on track. If you have any good ideas, tell me."
Zhang Weishan nodded calmly, Qi Yuan smiled with satisfaction, and approached the boy cunningly: "You go this time, the bullshit senior executives of Xinyue will definitely not accept you. Don't rush to deal with them. When they all show their heads, I will kick their ass hard again!"
"Mr. Qi, you are very sinister!" Zhang Weishan smiled and was so familiar with Qi Yuan. It would be okay to make such a harmless joke.
Qi Yuan smiled and said, "What can I do if I don't have any sinisterness?" If he wants to regain the new moon, he must kick away those old bones that are indescribable. Of course, this only refers to those guys with stubborn and aging thoughts.
"Okay, you go and hand over the job, and there will be someone else to take over!" Qi Yuan smiled and scolded, patted the boy on the shoulder: "Don't forget, you are the president, remember to dress up a little, don't lose Feiyuan's face!"
Zhang Weishan's work was indeed not going very smoothly. On the first day of taking office, some guys who were told by Qi Yuan to pay special attention to it were despised! He remained silent for half a month, and silently began to prepare for the work before the reorganization during this half month.
It was not until half a month later that Qi Yuan, who had finished another acquisition after-care, suddenly came to Xinyue and kicked off a financial director on the spot, and was taken away by the police! At the Xinyue senior management meeting that day, Zhao Yangxin saw Qi Yuan openly support Zhang Weishan and acquiesced to Zhang Weishan to clear almost 30% of the senior management within the group. Only then did the cleaning work be completed.
The restructuring of Xinyue was not going very smoothly. The group has 31 hotels and resorts all over the world, including six five-star hotels distributed in various countries and regions. Qi Yuan was obviously not very interested in this kind of small and small strategy. In his restructuring plan, Xinyue redeveloped a future strategic route and divided the high school team very clearly.
Thirty-one hotels and resorts are indeed very big assets. Unfortunately, Qi Yuan doesn't value those resorts very much. Some resorts are even in outdated attractions, so why can they attract tourists? In the end, Xinyue sold nine hotels and resorts, and only twenty-two were retained.
In these twenty-two rooms, each level has been re-divided to achieve the best inertia and brand effect! For example, a five-star rating is a separate level. That is unchangeable! As for the other businesses of Xinyue, they will either be split and sold or sold under Feiyuan. At least they cannot overlap with this subsidiary and parent company!
In any case, when April arrived, Xinyue did show a refreshing attitude. Due to the sale of industries and asset restructuring, Xinyue's market value fell to more than 18 billion yuan. It was burdened with 50% of its debt. Fortunately, Feiyuan, a parent company that is not rich but has good assets, blocked the bank's debt collection.
Although the market value has dropped, it seems that Feiyuan has suffered a huge loss. However, what he has received is a complete company that can operate normally in all aspects, which is a completely worthy of a major change. Zhang Weishan admires Qi Yuan’s restructuring plan formulated!
Of course, that's what happened in the future. Just after appointing Zhang Weishan, Qi Yuan immediately started the acquisition of Xingchen Entertainment Group without stopping! He really wanted to complete the acquisition before the Spring Festival and then gather with Yi Fei and the others for a happy New Year!
Fortunately, the acquisition of Xingchen was quite smooth. However, it was hard to blame. The company, which was originally worth only 400 million US dollars, was bought by this guy for 480 million. Because this guy was eager to celebrate the New Year, how could it not go smoothly?
The operation of Xingchen is fine. The trouble with Xingchen lies in its capital and qualifications. The qualifications are not deep enough, and many artists are reluctant to join. Xingchen has a Xingchen Film Company, which was just established the year before yesterday. Last year, it invested 500 million Hong Kong dollars to shoot a movie, intending to make Xingchen famous. As a result, the movie was so swept that it couldn't even find the street, which almost made the company boss so angry that he vomited blood!
With the loss of money in that film, Xingchen experienced a financial crisis. Although the loans and financing were done, the films that were invested in the films were always frustrated, which made Xingchen's boss a little depressed. Qi Yuan's representative to a hundred years later made the acquisition of Xingchen undoubtedly gave the guy the opportunity to escape from the quagmire, so the negotiations were soon concluded.
However, to be honest, Qi Yuan really can't understand where this valuable place of Xingchen is. Xingchen has a record company, an agency company, and an advertising company. However, in Qi Yuan, these are obviously not worth the money!
Of course, as Yi Fei said, Qi Yuan’s biggest flaw is that he has no interest in those nothing. Simply put, he has no interest in those things that cannot see value, just as he has no interest in securities.
Qi Yuan is better at managing and operating industrial companies, and he has a natural sense of touch. Although many years later, Yi Fei revealed that Qi Yuan is actually just a desire for things that can be seen and touched! Yi Fei even made an example that made Qi Yuan angry: "That guy, the 100 yuan placed in front of him is far more tempting than the 100 yuan that is regularly stored in the bank!"
In fact, if it is transformed into wonderful things, it can be explained that Qi Yuan pursues eternal cash flow and physical nature! He is born with an understanding of cash flow! Of course, this is just Qi Yuan’s own proud statement!
Chapter completed!