Chapter 874: Is this how Boss Yang bought it?

Chapter 874 Is This Boss Yang's Acquisition Method?

Hearing that Yang Chen wanted to buy his own company, Zhao Bing immediately laughed happily.

Although Yunfeng Gas is also preparing to go public, the listing review is now more strictly prohibited than before.

If they want to go public, they may not be able to go public.

Not long ago, Malaysia's financial services company's listing application was rejected, and the listing application of Vision Computer Group was also rejected.

Even if such a giant company will be rejected, it will be even more difficult for a private enterprise like Yunfeng Gas to go public.

Therefore, Zhao Bing felt that if he could sell the company for a good price, he would definitely be willing to sell equity and do other things with cash.

Jiufeng Energy is only willing to give 8 billion, it does not mean that Yang Chen is only willing to give this money.

It's good to talk.

Zhao Bing said with a smile: "Haha... Thank you Director Yang for seeing our company. Director Yang is right, we are indeed discussing the acquisition with Jiufeng Energy. But the price has not been negotiated, so this matter has been deadlocked. We want to sell the equity, and we are not picky about who the buyer is. If Yang Dong can come up with a suitable price, of course we are willing to sell it to you.”

Yang Chen: "Then what is your target price? Give me a real price."

Zhao Bing and his wife Wang Yan looked at each other.

The two have been married for 30 years, and they can understand each other's feelings with just one look.

Zhao Bing replied with a smile: "Our target price is 12 billion yuan. If it is less than this number, we can't continue the discussion."

Yang Chen: "Haha... As far as I know, Jiufeng Energy's operating income last year was 8 billion, and the manager was 398 million. Now their market value is only 12 billion, and they are still at their peak. Your revenue is less than theirs. More than 2 billion, and the net profit is also less than 100 million. Your asking price is the same as their peak market value, do you think it is reasonable? "

Zhao Bing: "From the analysis of financial data, our company will definitely not be able to sell so much money. But Yang Dong should know that buying other people's companies generally requires a certain premium. Right? You can't act according to its actual value. Purchase price. Isn't it?"

Wang Yan also quickly said: "Director Yang should have checked our company's revenue. The normal and reasonable valuation of our company should be between 9 billion and 10 billion. We ask for 12 billion, but the premium is only 20-30%. It's very reasonable, not too much."

Yang Chen: "Haha... Wang Dong, don't take me for a fool. Your revenue in the past three years was 3.4 billion, 4.5 billion, and 5.2 billion, respectively, and the corresponding net profits were 108 million, 150 million, and 220 million. It can be seen that your profit margin is too low, and you are earning hard money. To put it bluntly, the money you made may be that you added some impurities to the liquefied gas, forcibly increasing the total amount of liquefied gas, that is, the increase This part of the money. If you simply buy liquefied gas, you may be losing money. For such a company, your valuation is 9-10 billion, which is purely a lie to laymen. According to your revenue and net profit, a reasonable valuation It should be 5-6 billion. Jiufeng Energy gave you 8 billion, which is already a super high price of 60%. You still want double the price of 12 billion, which is too greedy. "

Zhao Bing and Wang Yan looked embarrassed, they didn't expect Yang Chen to be so direct, they really didn't leave any room for them.

Zhao Bing smiled awkwardly and said, "Then why does Director Yang have this video conference with us?"

Yang Chen: "I want to buy your company. Do you need to ask?"

Zhao Bing: "But you don't agree with our price."

Yang Chen: "I don't agree with Gui or not, the price I'm willing to pay is the price I'm willing to pay, and the two are not necessarily related. If I say it so bluntly, it's not that I want to demolish your platform, it's just that I want to tell you, I actually know a little bit of business knowledge, don't look at me as a fool when I'm young, and say something foolish."

Wang Yan was so embarrassed that she couldn't laugh, her face was obviously gloomy.

If the person who held the video conference with them was not Yang Chen, but someone with lesser strength, she might have turned her face.

The strength is not as good as Yang Chen, she has to endure her anger.

Zhao Bing asked with a smile, "What does Dong Yang mean?"

Yang Chen: "The price is 8.5 billion, and all the money will be paid within three days. Will you do it? If you don't do it, I will buy Jiufeng Energy, and then veto the decision to buy your company."

Zhao Bing: "Director Yang is threatening me."

Yang Chen: "That's right. Anyway, I have this strength, don't I?"

Zhao Bing looked embarrassed and wanted to say something, but he didn't know what to say.

What Yang Chen said is too right, he has this strength, even if Zhao Bing refuses to accept it.

Jiufeng Energy was only willing to pay 8 billion yuan, and Yang Chen gave them 8.5 billion yuan and paid them all within three days. This transaction condition is really affordable.

To say that you are not interested is an absolute lie.

But people are greedy, and no one thinks too much money.

8.5 billion is already a lot, and it basically conforms to their psychological real price.

But they still want a little more money.

Zhao Bing replied with a smile: "Of course there is no doubt about Yang Dong's strength. Even Wall Street giants are not your opponents. Our small companies can be your enemies. However, 8.5 billion is too little. We don't want you. Give us a psychological price of 12 billion, and at least give us the lowest valuation we think is 9 billion."

Time is running out, Yang Chen must acquire one of Jiufeng Energy or Yunfeng Gas as soon as possible.

Jiufeng Energy is a listed company, and it is more difficult to acquire it.

Because the shares held by many shareholders are still in the restricted period, it is impossible for Yang Chen to complete the acquisition in a short period of time.

Nominally there are two choices, but in fact only Yunfeng Gas has a choice.

Yang Chen: "Okay! 9 billion is 9 billion, I don't want to talk to you about those hundreds of millions, it's a waste of time. You prepare, I will send someone over to sign with you. I'm going abroad soon. One trip, the equity transfer procedures must be completed within three days. After the procedures are completed, I will ask someone to transfer the money immediately, and the 9 billion must be paid in full within three days. As long as the bank approves it, you can pay at any time.”

Zhao Bing and his wife were stunned.

Is this the way the rich and powerful Boss Yang does things?

After all, the two sides have to negotiate several rounds of meetings to make a decision.

The first video conference is set?

Zhao Bing and his wife felt a little unreal, Yang Chen should not be playing with them.

Zhao Bing hurriedly said with a smile: "Yang Dong, I heard right just now. You..."

Yang Chen interrupted: "You heard right, 9 billion, complete the equity transfer agreement within three days, and I will pay you within three days. Is it clear enough?"

Zhao Bing: "Haha... It's clear enough, clear enough. Director Yang is really refreshing in his work, and he is indeed a great man who can kill Wall Street giants. That's OK, we're done. Director Yang can send someone at any time. To go through the formalities, we have already prepared everything here, and we can sign the contract and go through the formalities at any time.”

Yang Chen: "Okay, then it's settled. Okay, let's talk about it here. If you have any questions later, let's talk."

Zhao Bing: "Okay, okay."

Wang Yan: "Director Yang, let's go. Goodbye."

After hanging up the video, Zhao Bing and Wang Yan immediately jumped up excitedly, hugged each other and laughed.

After being busy for most of my life, I can finally cash out and enjoy life.

According to the 9 billion given by Yang Chen, they hold 55% of the equity, and they can be divided into 4.95 billion in total.

This money is enough for three generations of their family to live well without doing anything.

So, how could they not be excited?

(End of this chapter)