Chapter 777: Calculated according to the valuation of 900 billion meters of gold

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"Everyone, I'm sorry for making everyone wait for a long time." Yang Chen said with a smile.

Although the representatives of these giant companies were uncomfortable, they did not dare to show it.

"It's taking the liberty of us to disturb Mr. Yang's rest."

"It's our fault to come to see Mr. Yang without an appointment."

"It's good that Mr. Yang can see us in his busy schedule. Mr. Yang, sit down."

"Yes, yes, let's sit down and talk."

...

These people can really talk.

Yang Chen smiled and nodded, and greeted Li Zhien to sit down together.

"If you want to see me, let's talk about it now." Yang Chen said with a smile.

Matthews Lopez, the representative of Goldman Sachs, said immediately: "Our Goldman Sachs Group admires the Xiaoguang Hospital Group run by Mr. Yang and wants to seek cooperation opportunities. We are willing to invest in cash and hope that Mr. Yang can give us some equity."

Morgan Stanley's representative Murphy Woods also quickly said: "We at Morgan Stanley are also very interested in the Xiaoguang Hospital Group run by Mr. Yang. I hope Mr. Yang can release some equity to us."

Representatives of other consortiums also quickly expressed similar meanings.

Only then did Glencore’s representative, Lucas Rivers, know what company they were investing in. It turned out to be Xiaoguang Hospital Group.

The Xiaoguang Hospital Group also has a branch in the Swiss capital, and Lucas Rivers knows how profitable it is.

Although Glencore has always invested in commodities, companies like Xiaoguang Hospital Group, which can make a profit without losing money, can also try to invest.

However, Lucas Rivers is more cautious, he has to look at the situation before deciding whether to speak.

Yang Chen nodded with a smile, and said, "Thank you for your support to our Xiaoguang Hospital. But... you should also investigate, the net profit of Xiaoguang Hospital Group last year was 366.856 billion Daxia dollars, or about 58 billion meters. Gold, an increase of 13% compared with 324.534 billion in the previous year. The net profit in the first quarter of this year was 183.65 billion, or about 29 billion meters of gold, an increase of 49.6% compared with the same period last year, equal to half of the net profit for the whole year of last year. It can be seen that the profitability of Xiaoguang Hospital Group is getting stronger and stronger, and it has achieved a qualitative leap this year. As Xiaoguang Hospital continues to expand around the world, the profitability of the group will become stronger and stronger. Therefore, everyone Give me a reason to sell equity."

Generally speaking, there are only two possibilities for major shareholders to sell their shares.

The first is that the major shareholders of listed companies cash out at a high level.

The second is that the company is short of money, and the major shareholders have no money, so they can only sell their equity in exchange for capital injection.

Yang Chen has already issued a statement that Xiaoguang Hospital Group will never go public.

The group's profitability is super strong, and the cash flow is sufficient. Yang Chen himself is not short of money, so why did he sell the equity?

The equity sold at this time is equivalent to giving benefits to others for nothing.

Because no matter who buys the equity of Xiaoguang Hospital, they can lie down and receive dividends.

Therefore, Yang Chen really couldn't find a reason to sell the equity.

Those consortium representatives certainly understand this.

So they gave Yang Chen an idea.

Increasing the capital of Xiaoguang Hospital Group will dilute the equity held by him and the current shareholders to a certain extent, but can immediately get a high amount of cash from these consortiums.

And they allowed Yang Chen to choose the currency by himself.

If Yang Chen wants Daxia coins, they can exchange them for Daxia coins for him.

If Yang Chen wants foreign currency, such as Mi Jin, Obi, etc., they can also satisfy.

If Yang Chen wants to participate in international games, he must use a lot of foreign currency.

Therefore, they thought this was a good opportunity for Yang Chen to hoard foreign currency.

Yang Chen's personal foreign currency reserves in Ruiguo Bank are as high as 10 billion meters of gold, and the reserve of the Dragon King's Palace is as high as 100 billion meters of gold. In addition, Li Zhien can also help Yang Chen, and there is Yamaguchi on the island country. Like Xin Inagawa and others, they have foreign exchange reserves. Yang Chen wants to use foreign currency to buy things, but it is just an order. Why should he hoard foreign currency?

"Thank you for your kindness, I don't think I need to hoard foreign exchange reserves. If I really need to, I can apply for foreign exchange exchange with the government. Therefore, the reasons you gave me cannot convince me to sell the equity in my hand." Yang Chen smiled said.

At this time, Marcus Johnson, a representative of Citibank, said: "We at Citi can inject capital at a premium, and we can accept a premium of up to 30%. As long as Mr. Yang is willing, he can get high returns immediately. Is this reason enough?"

Representatives of other consortia were anxious.

This is just the beginning of the discussion, why you Citibank can't hold back and start to pay a premium so quickly?

Without waiting for the representatives of other consortiums to speak, Yang Chen said very directly: "I wouldn't pay attention to the 30% premium. According to the current trend, the 30% premium will only take one year to recover the cost. What do you think? Can I do it? If you really want to buy at a premium, then I will give you an offer. The current valuation of Xiaoguang Hospital Group is 300 billion meters of gold, but according to its profitability, this valuation is too low. Everyone should be able to understand. If you want to inject capital, then based on the valuation of 300 billion meters of gold, you should inject capital at a premium of 3 times to obtain equity. This is my bottom line. If you can accept it, we will continue to talk. If you can't accept it, Let's talk about it here."

Based on 300 billion meters of gold, the premium is three times, that is to inject capital on the basis of 900 billion meters of gold.

That means that in order to obtain a 1% stake in Xiaoguang Hospital Group, these consortiums need to pay 9 billion meters of gold.

Last year, the net profit of Xiaoguang Hospital Group was 58 billion meters of gold. If all the money was taken out for dividends, 1% would mean 580 million yuan.

Paying 9 billion yuan and paying 580 million yuan in dividends a year, it will take 15 years to pay back the capital.

Of course, according to the growth rate of Xiaoguang Hospital's net profit, it may actually be able to pay back in less than 10 years.

Before the consortium representatives came, the headquarters actually gave them the expected price.

Take Goldman Sachs Group, for example, the highest premium they can accept is 80%, which is the equity that can be obtained from the capital invested according to the valuation of 540 billion meters of gold.

According to this valuation, the capital will be paid back in about 5 years, and the net profit will be made in the future.

Obviously, it is absolutely impossible for Yang Chen to accept this kind of offer, which is equivalent to giving them money in vain.

Goldman Sachs representative Matthew S Lopez said: "Mr. Yang, I respect your offer. But it's too high, don't you think? If you follow your price, it will take us more than ten years to recover the cost. This investment The payback cycle is too long~www.wuxiaspot.com~ Citibank representative Marcus Johnson also said: "Yes! Mr. Yang's price is a bit insincere, which is really unacceptable. We feel that a 50% premium is a reasonable price, with a maximum of 80%. Otherwise, Mr. Yang has no sincerity. isn't it? "

The people from the other consortiums also started chatting, and they were all blaming Yang Chen for asking too much.

Yang Chen motioned them to be quiet, then said with a smile, "I don't force you to be strong, this is a two-way choice. If you feel that my offer is too high, you can absolutely not invest, I will not force you to accept my price. Invest in my company. My price has been given. If you can't accept it, let's talk about it. Everyone, we have to go to breakfast, sorry."

After speaking, Yang Chen got up and pulled Li Zhien away.

This shocked the bigwigs in the investment circle.

Did something go wrong?

Does this kid know what's going on with Goldman Sachs, Morgan, Citigroup, etc.?

How dare he be so arrogant?

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