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Chapter 318 Acquisition of Jumei Youpin

Just before Han Yi came to Runzhou, Tianyi Technology launched a secret acquisition of Jumei Youpin.

With a strong company as a backing, you can perform it with great care.

At 12:00 a.m. on August 11, US time, the negotiation expert team led by Chen Xin secretly arrived at the Boston headquarters of "US/Guo Hengrun Investment".

As a natural person shareholder, Hengrun Investment holds about 7% of Jumei Youpin's shares;

These shares did not bring Hengrun a penny of profit. On the contrary, Hengrun Investment lost a huge loss of up to US$80 million; this is also the investment of Hengrun's largest single loss since its establishment.

The negotiations between the two sides were progressing very smoothly. Tianyi spent US$55 million to acquire 7% of the shares through an affiliated agreement;

According to the agreement, after Jumei Youpin reorganization in the future, when the stock exceeds the issue price, Tianyi Technology will invest a certain amount of compensation for Hengrun;

After leaving Boston, Chen Xin and his team rushed to Wall Street in New York without stopping.

After graduating from the University of Pennsylvania, Chen Xin worked for the streaming giant Netflix for 4 years and met many well-known people in the industry. A considerable number of these people are now working on Wall Street.

Through these relationships, the team contacted several large brokerages, then took over Wall Street, and launched a sniper/strike sweep of Jumei Youpin stocks.

On Monday, August 13, the stock opened, and "jmei" opened at a price of US$4.16 per share, and closed at US$3.78 by the afternoon;

On August 14, the opening price was US$3.75 per share, and closed at US$3.36 by the afternoon;

On August 15, it continued to decline;

By the close of August 16, the share price of "jmei" was only $2.76 per share;

In four days, "jmei"'s stock price fell 32%, and its market value evaporated by US$150 million;

As the chairman of Jumei Youpin, Chen Yu's personal value has once again shrunk by 60 million US dollars.

At this time, the news about Jumei Youpin in China is in a turmoil, and many people think that the stock price is seriously undervalued.

As a company with annual sales of up to US$1 billion, its share price is only US$2.76, which is incredible.

However, no matter how quarrels or how quarrels, "jmei" seems to be unable to hold on. Once delisted, the stock can only be traded in the otcbb or "pink order" market, which will further reduce the liquidity of the stock.

Moreover, many institutions stipulate that they cannot hold delisted stocks and can only choose to sell them, which will lead to further declines in the stock price. The result is panic selling.

When the market opened on August 17, the stock price of "jmei" was hit hard continuously.

At the lunch break, the stock price was only $2.45 left.

At this moment, the mastermind behind the scenes finally took action.

The market opened in the afternoon, and the situation suddenly changed. The stocks that had been "put in order" were swept away; and they bought as much as they were on.

This situation quickly attracted the attention of those interested, and some institutional investors took action. Those who were originally going to grit their teeth and "cut their losses" quickly held the market and waited for the stock price to rebound.

...

But it was too late. In this week, Chen Xin's team secretly absorbed up to 40 million shares, accounting for 1/3 of the hairstyle volume. With Hengrun's shares, they already hold more than 17% of the "jmei" stocks.

Just as Shen Xin's team was making trouble in the United States, the country was also in secret contact.

This includes "Xianfeng Huaxing" investment, which holds 11.4% of Jumei Youpin's shares;

There is also Sequoia Capital, which has 18.8% stake;

The negotiation process of Xianfeng Huaxing was very smooth, and Tianyi Technology won these shares for US$98 million;

Sequoia Capital is in a difficult situation. After three days of negotiations, the two sides remained stalemate;

At 8 p.m. on the 19th, Yu Wei, the head of the negotiation team, spoke with Han Yi on the phone, and then Han Yi called Chen Beikun.

The two sides communicated privately for a long time, but outsiders don’t know what they said, but Sequoia Capital transferred the 18.8% Jumei Youpin shares to Tianyi Technology for US$100 million;

Since it is a listed company, share transfers are private agreements and no formal announcement has been issued;

Together with the shares in Chen Xin's hands, Tianyi already has a total of 47.2% of Jumei Youpin shares, exceeding Chen Hu's team's 46% and becoming the largest shareholder of Jumei Youpin.

On Monday, August 20, Tianyi Technology officially launched a offer to Jumei Youpin.

A stone caused a thousand waves, and domestic media rioted, rushing to Jumei Youpin and Tianyi Technology, wanting to interview first-hand information.

After receiving the offer letter from Tianyi Technology, the headquarters of Chaoyang Jumei Youpin in Yanjing fell into chaos.

As the company's largest shareholder, Chen Hu naturally received the news as soon as possible.

When he arrived at the company, people inside were panicked and many people gathered together and whispered.

Chen Hu said nothing and quickly went to the big conference room.

Jumei Youpin executives were all present, but everyone's expressions were very serious.

Now is the time for life and death. Once the company falls into the hands of others, their so-called entrepreneurial veterans will have a worrying future fate.

"Mr. Chen..."

"Mr. Chen..."

Chen Hu nodded and said in a deep voice: "Everyone sit down!"

Without extra politeness, Chen Hu said with a cold face: "I called Mr. Chen from Sequoia on the way here. Their shares have been transferred in agreement, including the same as Xianfeng Huaxing."

"What? Why is this happening?"

"Why didn't they notify us of such a big thing?"

"What should I do?"

“…”

Chen Hu raised his hand and said, "Don't panic, the situation is not at its worst yet;

It is still unknown how many shares the other party holds, but according to my estimate, it should be less than that of us; in order to prevent being controlled by the other party, we have to compete with the other party for time.

"Jiang Hui, I'll leave it to you for the acquisition of market stocks."

A woman in her early 40s nodded and got up and left the conference room;

"Huang Lei, now you go to Xianfeng Huaxing to meet Mr. Meng immediately, and try to make them give up the delivery. If it really doesn't work, try to delay the time."

A man in his glasses in his 30s responded and walked out of the conference room quickly;

"Xuwen, if you go there again, it's best to have a face-to-face conversation with Mr. Chen."

"I know." A fat man wearing a white shirt and bloated figure stood up and walked out.

Chen Hu looked at his watch, stood up and said, "There is no time. I'll go to Zhenge to meet Teacher Xu first. You guys prepare for it and go to Jin/ling together when I come back."

"Okay, Mr. Chen..."

...

The "Zheng Fund" across the street from Sequoia Capital is also located in the core area of ​​China Merchants CBD. Looking down from the floor-to-ceiling windows, you can overlook the most prosperous street view of Yanjing.

At this time, Xu Xiaoping, the founder of Zhenge Fund, was sitting on a black leather sofa, receiving Chen Hu, the youngest listed company on Wall Street in hundreds of years.

"Teacher, what does Sequoia Capital mean? If I hadn't called Chen Beikun on his own initiative and saw that this was the case, he would not have planned to tell me even if the transaction was completely delivered."

Chen Hu, who had always seemed calm and composed in front of outsiders, had his whole face twisted and deformed at this time.

Xu Xiaoping personally poured him a cup of tea and said, "It's nothing strange. Chen Beikun is a famous old fox. Moreover, he is a pure businessman. If it is profitable, let alone you, it will be the same if anyone comes."

Chen Bai took a sip of tea and said to Ruohanshuang: "This old man, I don't even talk about any business rules, just do such despicable things."

Xu Xiaoping said: "It's meaningless to say these things now. Tianyi is what you should consider. The other party is coming in a fierce manner, and it seems that he will not give up."

Chen Hu thought coldly and asked, "I don't know much about Tianyi. Teacher, you have contacted them. Do you have any opinions?"

Xu Xiaoping frowned and shook his head, "I have not had any contact with it. They have rejected several financing agreements I sent before. I don't know if I look down on Zhenge Fund or have prepared for it."

Chen Hu said: "I'll go to Jin/ling later and have a head-on confrontation with their boss."

Xu Xiaoping hesitated and said, "Go to Jin/ling now... I don't think it's useless.

Their boss is just a professional manager, and all the power of life and death in the company is in Han Yi's hands;

But according to my analysis, Han Yi is quite arrogant. If you go there, I'm afraid you won't even see him."

Chen Hu gritted his teeth and said, "Then I'll wait downstairs of their company."

...

Just as Chen Yu rushed to Jin/ling, Han Yi was still in Runzhou.

The video conference last night was held until 1:30 in the morning. When I returned to the room, the white-washed He Xiaoxiao was already asleep.

In fact, even if there was no Jumei Youpin business, he didn't plan to do anything last night.

As the saying goes, good things are hard, but it’s almost time to do it now, so there’s no need to hurry up.

After sleeping until he woke up naturally, He Xiaoxiao opened her eyes and was already dressed neatly and sat next to the bed.

Han Yigang was about to get started, but He Xiaoxiao pointed outside the door, "Someone is coming."

"Who?"

"you guess."

Han Yi reacted quickly, "Which Deputy District Mayor Liu?"

He Xiaoxiao put down his phone, reached out and laughed, "Let me touch it, how did your head grow? He was so stupid that he died of six subjects, but he guessed this kind of question accurately."
Chapter completed!
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