Vol 2 Chapter 896: More money

Chapter VIII

More money

The president of South Africa's mih group Coos Baker is extremely dissatisfied with Lin Feng's robbery. The South African mih group had the foresight to invest in Tencent at the time. Now that Tencent has developed, the company wants to reclaim its equity. How can it be so cheap. What's more, now that Lin Feng holds Tencent, all fools know that Tencent's share price will soar in the future. Who will sell Tencent at this time!

"Mr. Baker, you have to understand that we are not malicious to the South African mih group and welcome you to hold shares in Tencent. However, for the long-term and stable development of Tencent in the future, we don’t want any shareholder to hold enough to affect Tencent’s equity structure. Stable shares." Lin Feng said with a smile.

Coos Baker laughed at the words. If Tencent’s single shareholder holds the most shares, Lin Feng is actually saying that he is afraid that a certain shareholder holds shares that can affect Tencent’s shareholding structure and hopes to weaken. This is too ridiculous. It is not. Typically, only the state officials are allowed to set fires, and the people are not allowed to light the lights!

"Mr. Baker, if you are willing to sell 7% of Tencent shares in your hand, I am willing to buy it at 110 Hong Kong dollars per share (currently 87 Hong Kong dollars per share). I wonder what Mr. Baker wants?" Lin Feng asked.

"Mr. Lin, don't waste your words. We won't sell any shares in Tencent." Kuss-Baker sneered.

Lin Feng smiled.

"Mr. Baker, it is your right to refuse. But if you refuse, then I can only take the method of continuing to increase holdings to weaken the Tencent shares held by your group." Lin Feng did not hide his plan.

"Huh, Mr. Lin, don't forget, we will also increase our holdings through the stock market." Kuss-Baker sneered.

If Tencent continues to increase its holdings, then South Africa's mih group will continue to buy and maintain sufficient shares. The future prospects of Tencent, South Africa's mih group have been optimistic from the beginning, and now that Lin Feng has settled in, the future is bound to be even more unlimited. He will never give up any Tencent stock in his hands. What's more, Kus Baker also hopes that one day he can hold a controlling stake in Tencent.

Lin Feng is not surprised by Kuss-Baker's choice. Unfortunately, this plan to increase stock holdings cannot be rejected by the South African mih group. Lin Feng checked that the cash held by the South African mih group does not exceed US$300 million. As long as Lin Feng increases its holdings by 400 million shares, the cash of the South African mih group will be in a hurry, and after Lin Feng holds a 50.1% stake in Tencent. Although he only has 200 million US dollars in cash in his hands, he can draw 3 billion US dollars in cash from the "Second Game" at any time. At the same time, Lin Feng can also borrow through the "Second Bank".

It can be said that South Africa's mih group is far from Lin Feng's opponent when playing this kind of capital game. Although the South African mih group can also borrow funds through banks, it needs interest to borrow money, and the interest rate on borrowing large amounts of funds from banks is definitely not low. On the contrary, the "Second Bank" belongs to Lam Fung, and it is undoubtedly far lower than the South African mih group in terms of interest.

Kuss-Baker looked gloomy. If Lin Feng really plays this kind of capital game with him, South Africa's mih group is definitely not an opponent. On the contrary, it may even cause the entire group company to fall into danger because all the liquidity is invested in Tencent stocks.

"Mr. Baker, if you are willing to sell 7% of Tencent shares in your group, then your company will have an executive director seat in Tencent, and at the same time, my company will consider more and deeper cooperation with your company. For example, TV broadcast , The Internet and many other cooperation.” Lin Feng will naturally not just blindly be strong, but also give people a little benefit when appropriate. Otherwise, there is no good thing at all, and no one will do it unless it is forced to do nothing.

Kus-Baker's heart moved upon hearing this. If we can cooperate with Linfeng, it will be of great benefit to the development of South Africa's mih group in mainland China. What's more, Lin Feng's tentacles have begun to spread all over the world. If you have a good relationship with Lin Feng, this will be beneficial to the global development of South Africa's mih group.

"Mr. Baker, you think about it carefully. I hope Mr. Baker can finally make a decision that will make both parties happy." Lin Feng finished speaking and hung up the phone.

Lin Feng was not absolutely sure of whether Kuss-Baker would agree to cooperate. However, if you don't cooperate, Tencent will take tough measures, and if you cooperate, both parties are happy. It depends on whether Kuss-Baker will fight for a while.

Lin Feng was relaxed for a while. Kus-Baker has a terrible headache. The current market value of South Africa's mih group is only more than 4 billion US dollars, which is not as good as Tencent's market value. Apart from the commendable holding of 35.4% of Tencent's shares, the company's other businesses are relatively insignificant. Therefore, Kus-Baker is unwilling to give up Tencent shares in his heart. But now Lin Feng's strength makes Coos Baker a little helpless. If he did not give up, Lin Feng continued to increase his holdings and expand Tencent's liquidity. If the South African mih group does not sell, the shares in its hands will continue to weaken, knowing that it will be weakened to 25% in Lin Feng's mind. And in this way, the two sides are completely guilty.

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After thinking for a long time, Kuss-Baker shook his head helplessly. Now the situation is better than others, and he has to compromise. This time facing the richest man in the world, with billions of dollars in his hands, Lin Feng, he has no confidence to contend with Lin Feng. What's more, Lin Feng just bought the "Standard Chartered Bank" and turned it into a private "Second Bank", which can be borrowed through the "Second Bank". This kind of capital game is not a small South African mih group that can play. It's better to follow Lin Feng's wishes and sell 7% of his shares for everyone's joy. At the same time, I can make friends with Lin Feng and lay the foundation for the multi-faceted cooperation between the two parties in the future.

No way, who makes Lin Feng more money!

Moreover, Kus-Baker is also afraid that Lin Feng will attack the South African mih group in the stock market because of the non-cooperation of the South African mih group. At that time, if Lin Feng really sniped the South African mih group on the Nasdaq in the United States, then Kus-Baker would really have no place to cry. Now it's time to make ample cash for South Africa's mih group.

Subsequently, Kuss-Baker convened the board of directors. After analyzing the cause and effect, many directors did not resent Lin Feng's hegemony, but in the end they could only agree. As for Ms. Liu's understanding of the situation through the online video conference, she made an absolute protest, but her 11.6% of the shares are simply not enough to affect the overall situation. In the end, the South African mih group board of directors passed a proposal and decided to sell 7% of Tencent shares held by Xiang Linfeng at a price of 110 Hong Kong dollars per share.

When Lin Feng received the call from Kus-Baker, he smiled satisfied. Obviously, Coos Baker chose a decision that everyone liked.

"Mr. Baker, thank you for making a wise decision. I think we should have many opportunities to cooperate in the future." Lin Feng finished speaking and hung up the phone.

Subsequently, Lin Feng withdrew US$3 billion in cash from the “Second Game” and completed the transaction with the South African mih group. Lam Fung acquired 7% of Tencent shares in South Africa's mih group at a price of 110 Hong Kong dollars per share for a total of US$1.91 billion.

But holding so many shares in your hands is not a good thing.

"Lin, if we acquire another 7% of the shares in the South African mih group, we will hold a total of 57.1% of Tencent. This is too high for a listed company, and the amount of capital is too large. Learned from capital Say, it's not wise." Abby Cohen said.

Lin Feng nodded. Indeed, owning 57.1% of a listed company is too much. At the current Tencent price of 89 Hong Kong dollars, this accounted for almost US$12.55 billion in Linfeng’s funds and consumed almost all of Linfeng’s cash. Counting the US$3 billion in cash drawn from the "Second Game", Lin Feng only holds US$1.23 billion in cash. And also complete the acquisition of the Bank of East Asia. At present, Lam Fung has a total of 20% of the shares of the Bank of East Asia, and Liao Bixin acquired 3.66 billion Hong Kong dollars through the sale of shares in the Liao Chong Hing Bank, and bought a total of 8.2% of the shares of the Bank of East Asia.

Counting the 20% of the shares held by Lin Feng, the two parties together hold 28.2% of the Bank of East Asia and are already the largest shareholder of the Bank of East Asia. But if you want to support her to become the chairman of the Bank of East Asia, like Liao Bixin's wish, that share is not enough. Lin Feng also needs to continue to acquire. This requires funding!

Although Lin Feng can borrow funds through the "Second Bank", the "Second Bank" is still being integrated, and it is not a last resort. Lin Feng does not want to borrow funds through the "Second Bank" to achieve success.

"Well, Abby, at a suitable price, I will sell part of Tencent's shares in my hand." Lin Feng said in a deep voice.

Abby Cohen nodded. This could not be better, otherwise Lin Feng's backlog of Tencent's shares would be a waste of resources. This is like having money stored in the bank without having to use it. No matter how much money is stored in the bank, it is just a bunch of meaningless numbers. Only use it makes sense.

Later, when Tencent officially announced that the South African mih group would reduce its holdings of 7% of Tencent, and Lin Feng personally held 57.1% of Tencent's shares, the dispute between Tencent and Lin Feng was completely settled. The outside world can only describe this matter silently.

Now Lin Feng holds 57.1% of Tencent's shares, and he deserves to become Tencent's largest shareholder. South Africa's mih group has also reduced its shareholding in Tencent to 24.86%, which poses no threat to Lin Feng anymore. Moreover, the imaginary dispute between Lin Feng and Ma Huateng ended with Lin Feng voluntarily surrendering the position of chairman and acting only as a special adviser. It can be said that although Tencent has passed a crazy and chaotic stage, it finally embarked on a more glorious road. This road will go straight to Rome!

As for Lin Feng, after taking this opportunity to annex Tencent, he has become a well-deserved IT hegemon in China, and his IT empire is ready to emerge.

However, the last brick that contributed to Lin Feng’s IT empire, or Lin Feng’s business empire, was the Bank of East Asia.

Lin Feng, who had completely freed his hands, aimed at the Bank of East Asia. Lin Feng wants to give his empire the last gift on October 1, when the "Second World" headquarters skyscraper is completed.