Chapter 172 Absolute control
Of course, Wang Ye doesn’t have to worry about small things like holding annual meetings and setting up venues.
He has been busy with major events recently, including Huashang International’s private placement and merger and acquisition THE TOP SHOP.
There is no problem with the private placement. Wang Ye did not intend to take advantage of Huashang International, but the price was determined based on the average price in the past 20 trading days.
It was counted that the average price in the last 20 trading days was only 28 yuan, which can actually be priced at 90% of 28 yuan. However, Wang Ye directly calculated at 28 yuan with a big stroke, not taking advantage of that little bit of advantage.
5 billion yuan means expanding shares by 178 million. According to Wang Ye 70%, Li Youlun and the other two, each calculated 10%. Wang Ye obtained another 125 million shares of Huashang International.
With his original 200 million shares and his 100 million shares he secretly acquired, he now owns 425 million shares.
Huashang International's total share capital was 656 million shares before the private placement, and now it has 125 million shares, with a total of 781 million shares.
Wang Ye has basically taken control of Huashang International, both openly and secretly, accounting for 54%!
However, there is also THE TOP SHOP’s merger. This merger, Huashang International will have to pay a portion of its shares and cash to complete it.
After the integration, Wang Ye must complete the controlling stake. This company also holds his ambitions. How could others have too many shares?
It is quite troublesome to acquire THE TOP SHOP. Both parties entrust a third-party auditing company to evaluate the value of THE TOP SHOP.
In the final report given by the audit company, the valuation of THE TOP SHOP was calculated from both tangible assets and intangible assets.
It is easy to calculate the tangible assets. The two flagship stores in Xiangjiang already have sales data and profits to measure, and the sales data are estimated in the 38 stores that are about to open in the mainland.
In this area, the final calculated value is 2 billion, which is a conservative valuation. Because if you follow the sales estimates of Li Qinghuan, it will be calculated at least more than 5 billion.
Intangible assets are difficult to calculate. Now THE TOP SHOP is the only designer brand collection store in China, and the designer team is extremely large and there are also famous designers.
On the Internet, THE TOP SHOP is like the first generation of internet celebrity brands, with a very high reputation, and the value of this popularity alone is difficult to measure.
The final audit company can only give a reference value range of between 3 billion and 5 billion.
Then the two pieces combined will be 5 billion to 7 billion.
In the conference room of Huashang International, Li Qinghuan immediately jumped up after seeing the evaluation report.
"I don't agree with this valuation! This is a serious underestimation! It takes less than a year, only two months for these 38 stores in the mainland to open, and I am sure that this valuation will reach 10 billion!"
THE TOPS The HOP, however, has put all the efforts of Li Qinghuan, and of course she doesn’t want the company to be sold at a low price. Now she sees the valuation being undervalued, of course she is not happy.
The negotiator on Huashang International should have been led by Wang Ye, but now the company acquired is his private assets, so it is naturally not convenient to come forward.
So Liu Weiguo and Wu Guohong were entrusted. After reading the evaluation report, Liu Weiguo also knew that it was indeed a bit underestimated. With the sales of THE TOP SHOP, after all 40 stores were opened, the annual profit would definitely exceed 1 billion.
By then, based on the price-to-earnings ratio, it will definitely exceed 10 billion. At this time, mergers and acquisitions will actually take advantage of it.
He smiled bitterly and said, "In principle, I personally acquired it according to the intermediate value of the appraisal price."
The assessed price is 5 billion to 7 billion, and the intermediate price is 6 billion.
If Liu Weiguo was really sorry at the lowest value and was worried that Wang Ye would not agree, he would be beaten up.
But when it comes to acquiring at a maximum of 7 billion, it feels a bit of a loss. Everyone knows THE TOP SHOP is very awesome and its sales are also very hot, but it has not proved itself in the mainland after all, what if the sales are not good!
Moreover, all of my shares are in Huashang International. Now I am acquiring THE TOP Of course, I still hope that the price will be lower.
Wu Guohong looked at it and thought about it, and said, "I also think the valuation of 6 billion yuan is relatively reasonable. THE TOP SHOP is a new company after all. It seems that the funds invested by Mr. Wang are only 200 million to 30 million. It is a miracle that it can increase by 30 times in half a year!"
After looking at Wang Ye, Wu Guohong really envied this guy. He didn't know what he was thinking. It seemed that nothing could make him difficult. He could easily increase his market value by dozens of times his business by running a company.
Such people are born with wealth and prosperity!
Wang Ye also knew that at this point in time, let Huashang International acquire THE TOP SHOP make money, of course, Huashang International makes money.
If you delay for a few more months, THE TOP �
However, he didn't want to delay any more. The time was ripe, and these shareholders of Huashang International were all his old bosses, old friends and old customers. Let everyone take advantage of this, just treat it as giving red envelopes for everyone during the New Year.
"Okay, Qinghuan, let's follow the opinions of Director Liu and President Wu. They are all one family, so I won't speak two families." Wang Ye said with a smile.
Seeing that Wang Ye had said this, Li Qinghuan naturally couldn't say anything else, so he could only hold his breath and stop talking.
The price has been set, but Huashang International cannot afford 6 billion now. Even if it can be collected, the company's operations will be affected.
In the end, Wang Ye suggested not to buy it with money. Huashang International will soon use a lot of money, so don’t use the 5 billion I just got.
If you don’t need money to acquire it, you will have to issue additional shares again.
So, at a price of 30 yuan, Huashang International issued another 200 million shares to pay Wang Ye in exchange for ownership of THE TOP SHOP.
After the 5 billion yuan private placement, Wang Ye already owns 425 million shares, and now there are 200 million more shares, with the shares in his hand reaching 625 million.
After these two additional issuances, the total share capital of Huashang International is 981 million shares.
Wang Ye's shares account for 64%, and he has completely controlled the shares!
Things have been settled. For such large-scale private placement and mergers and acquisitions, it will be very smooth to delay it for a few months and half a year.
However, Huashang International's action was too fast this time. It only took one week for Wang Ye to make a suggestion on the board of directors to the two sides negotiate an agreement, sign a formal contract, and submit it to the stock exchange for approval.
There is no way, both parties to these two large transactions are their own people, so they can talk to each other behind closed doors. In fact, as long as Wang Ye has no objection, they can be finalized in minutes.
Both parties to the transaction recognize it, and the third-party audit report is also normal. Then these two transactions only need to pass the shareholders' meeting to be considered officially completed.
Huashang International's shareholders' meeting was originally planned to be held at the end of this month, and it would be enough to vote at the shareholders' meeting.
It is obvious that it is a foregone conclusion that it was passed at the shareholders' meeting because all the major shareholders agreed. It is useless for small shareholders to object.
...
These days, Lao Huang has to log in to Huashang International’s stock bar every day to see the latest news.
Although he also knew that it would be normal for such large-scale transactions to be delayed for one or two months, or even half a year. But he really couldn't let it go, and his deposits were all under the stock of Huashang International.
That day, he went out to work in the morning. When he arrived at the company, he saw that it was still early, so he went to the Noodle King downstairs to have some breakfast.
There is no way, my wife is too lazy and will never get up until she is about to go out to work.
So Lao Huang had to go out for a while and go to the pastry downstairs of the company to order McDonald's and other places to make breakfast.
He is from the north, and the breakfast of the pastry king is quite good for his appetite. Two large buns of fresh meat, one tea egg, and a cup of hot soy milk, and he ate happily.
However, this breakfast is not cheap either. One of the noodles king’s fresh meat buns costs three or five yuan, two are seven yuan, and two eggs and three soy milk. A breakfast cost 12 yuan.
That is, he made a fortune in stock trading last time. In the past two years, Lao Huang dared to be so extravagant.
At that time, he bought a three-dollar rice noodles on the road in the morning to deal with it.
While eating the delicious big meat bun, Lao Wang didn't forget to thank Huashang International. It was such a good company. I hope that my bet on Huashang International this time can continue to bring good luck to myself.
Lao Huang secretly vowed that if he could make twice this time, no, more than 50%, then his wife would buy all the clothes from Huashang International in the future!
Of course, if Huashang International offers men's clothing, then Lao Huang will buy all the clothes from Huashang International themselves!
After he had breakfast, he came to the office and turned on the computer habitually.
Check the time. Before the opening time of the stock market, log in to Huashang International’s stock bar and prepare to see if there is any new news.
As soon as I bought the stock market, I saw new official news announced.
"HuaShang International has reached a private placement agreement with investors"
"HuaShang International has reached a merger and acquisition agreement with THE TOP SHOP"
Lao Huang's heart just beats, so fast?!
I quickly clicked on two messages and looked at it. The agreement had indeed been reached. Now the transaction plan has been submitted to the stock exchange. After waiting for the shareholders' meeting to vote a few days later, the transaction has been officially completed.
Lao Huang was immediately happy. Doesn’t this mean that he could review the story before the New Year!
If the vote is passed at the shareholders' meeting at the end of the month, then the review will be conducted the next day. By then, there will definitely be many single-character boards in the stock price of Huashang International!
I calculated the time. On February 24th this year, there are more than 20 days of trading before the New Year. How much money can I make this time?
The news in the past two days not only alarmed Lao Huang, but also many old investors were attracted.
"Betting, Huashang International will compete with the Magic City Family Hua this time!"
"The old demon was born!"
"What a pity. I didn't have time to get in the car this time. The suspension of the trading came too suddenly, which caught me off guard."
"That's right, there was no sign at all, the stock price did not change significantly, and it was suddenly suspended."
Lao Huang looked at everyone's messages, smiled and also posted a post.
Chapter completed!