My rebirth is different

Page 667

If you want to catch up with Facebook, it is estimated that there is little hope.

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Shanghai Pudong Development Bank, the current shareholder composition, the largest shareholder is the Shanghai International Trust and Investment Corporation, the second largest shareholder is Shanghai Industrial Group, the third largest shareholder is Shanghai International Group, the fourth largest shareholder is Citibank, and the remaining There are as many as a dozen small shareholders under it, all of which are some local state-owned enterprises in Shanghai.

Because of this share reform, it was suddenly connected with Shanghai Mordu International Trust Investment Co., Ltd.’s shareholding in Facebook, so this matter, under the instruction of Zhao Hongshan, was handed over to Mr. Liu of Modu International Trust and Investment Company, and let him take charge of it. Coordinate all matters related to the restructuring of Shanghai Pudong Development Bank and its stake in Facebook.

Mr. Liu has handled too many things like this, so he is naturally rich in experience. After he returned, he immediately found the top leader of the State-owned Assets Supervision and Administration Commission of the Magic City, explained the meaning of the big leader, and then expressed his own requirements.

"Leader, this matter still needs to be coordinated by the committee. We first take back the shares held by the small shareholders of Shanghai Pudong Development Bank and transfer them to our trust and investment company, and then I will use these shares to replace them with Facebook. In this way First of all, private capital and foreign capital have entered Shanghai Pudong Development Bank, which is considered to have completed the task of the shareholding reform of commercial banks. In addition, we have also successfully invested in Facebook without having to spend a large amount of money. This is An Internet company with a very bright future is also a banner of our private economy in Shanghai. It must be a shareholder and will not withdraw. In the end, of course, the task assigned by the leader has also been completed."

After finishing speaking, the two looked at each other and smiled, everything was in silence.

With the presence of the State-owned Assets Supervision and Administration Commission, things are so easy to handle. In the final analysis, those state-owned enterprises are all subordinate units of the State-owned Assets Supervision and Administration Commission. In terms of seniority, they can't even be called subsidiaries.The boss of the immediate boss's boss... has no room for them to express their opinions.

It took only two days for an official document to be issued, and the shares of all the small shareholders of Shanghai Pudong Development Bank were all concentrated in the name of Shanghai Shanghai International Trust and Investment Company. The shares were also given to an international trust company.

Up to now, there are only three shareholders left in Shanghai Pudong Development Bank. The Shanghai International Trust and Investment Company owns 70.00% of the shares.

The third largest shareholder, of course, is Citibank, with only 5.00% of the shares in hand.

Modu International Trust & Investment now has enough chips to make a deal with Facebook.

In terms of market value, Shanghai Pudong Development Bank is not as good as Facebook.In this share reform, the State-owned Assets Supervision and Administration Commission originally conducted a valuation of Shanghai Pudong Development Bank, and the valuation given at that time was 300 billion yuan.Of course, companies undergoing shareholding reform generally have low valuations. Everyone understands the reason and it is easy to operate.

As for Facebook, in the last round of financing, its valuation reached 40 billion U.S. dollars, and if calculated according to the exchange rate, it has exceeded 350 billion yuan.

Now after such a long period of development, Facebook's data in all aspects has once again been greatly improved, so the current valuation must also increase a lot, and the asking price may reach 500 billion yuan.

It is naturally impossible for International Trust and Investment to give all the shares of Shanghai Pudong Development Bank to Facebook. Similarly, Facebook will not take too many shares.

According to the meaning of the city, it is acceptable to get a 15.00% to 20.00% stake in Facebook.

In the same way, the shares of Shanghai Pudong Development Bank can only be given to Yu Wenfei at most [-] to [-]%. The specific amount depends on the negotiation situation.

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Chapter 569 Start financing again

Things have changed too fast in the past two days. The international trust and investment company in the city has been operating, and the senior executives inside the Shanghai Pudong Development Bank have looked stupid. The two major factions of the chairman and the president have not reacted, and the matter is over. up.

"What's the situation! Didn't your Citibank say that you have communicated with many small shareholders? They will sell the shares to you, and then your Citigroup will become the largest shareholder of Pudong Development. What's going on now? All the shares have arrived. In the hands of the International Trust Company?" The chairman of Pudong Development asked angrily, and Hanke, the representative of Citibank, was sitting opposite him.

Hanke was also full of depression, "I've inquired about it, and it was an order directly from your city's State-owned Assets Supervision and Administration Commission, asking them to transfer the shares to the International Trust and Investment Corporation."

"Then what does the International Trust and Investment Corporation want to do when it takes so many shares?" the chairman continued to ask.

Hanke spread his hands and said helplessly, "I don't know. International Trust and Investment Corporation has always been mysterious. I don't know anyone from them."

In fact, the chairman has dealt with Mr. Liu of the International Trust and Investment Company several times, but the two of them are not familiar with each other.

After such a thing happened this time, the chairman also called Mr. Liu after many inquiries to no avail. Unfortunately, Mr. Liu did not disclose any news to him.

The chairman had an ominous premonition. His position was originally assigned by the organization, and he was regarded as a "tool man" of the state-owned holding bank.Originally, after the bank's shareholding reform, he wanted to change himself and become a real shareholder of the bank, even if it was only a minority shareholder, it would be much better than being a "tool man".

What's more, Citigroup has promised that as long as Citigroup can control Shanghai Pudong Development Bank, it will hire him as the president!As for the current President Wu, of course he will not stay any longer.

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Similarly, President Wu, Yuwenfei's old senior, also got the news.

"What! The International Trust Company has come forward? They now have 70.00% of the shares in their hands. Obviously, it is impossible to keep so much, which means...the International Trust Company will have a big investment. Take Shanghai Pudong Development Bank to replace the shares of other companies!" President Wu was very smart and guessed very accurately.

But he still doesn't know which company to replace with.

President Wu is also very concerned about this matter, after all, the president who holds great power is so glorious.

If he is kicked out after the shareholding reform of the bank, he can only go to the State-owned Assets Supervision and Administration Commission or the China Banking Regulatory Commission to take an idle job. He is still young and does not want to retire so early.

However, after inquiring and inquiring, I didn't find any really useful information, because this time, Mr. Liu of the International Trust personally handled it. If he didn't release the information, others would naturally not be able to inquire about it.

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This is why Yu Wenfei had long heard about the share reform of Shanghai Pudong Development Bank. He was also very interested in the shares of this bank, but he kept holding down the reason why he did not do anything.

If you get involved directly, there are too many interested parties, including state-owned assets, Citigroup, and internal bank executives. It's like a mud pit. If you sink in, you will be covered with dirty water.

But if you change your thinking and press down directly from the top layer, things will become very simple.

This is simply a dimensionality reduction blow. He does not need to intrigue with others. The International Trust directly collects all the scattered shares together, and the procedures are cleaned up. Then both parties only need to sit at the negotiating table and discuss a deal that both parties can accept. s price.

Things are safe now...

For this round of financing, not only state-owned assets will be brought in, but Yu Wenfei will also bring in another Wall Street capital to pave the way for Facebook to go public.

As a result, Facebook once again released news that the company is going to launch the last round of financing before going public. If you are interested in a big investment bank with strength, please contact us as soon as possible!

After the news spread, there is no doubt that the entire investment banking circle is boiling.

The development of Facebook during this period is obvious to all. The number of users and daily activity are all in front of us. Facebook has grown into a domestic Internet giant.

And at present, there is no competitor that can challenge its position.

Although Sina Blog has also raised funds after the year, it has long been unable to recover. It has held several big activities and spent a lot of money, but the results are not satisfactory.Up to now, the number of registered users of Sina Blog has just exceeded 6000 million. As for the number of daily active users, let’s not mention it.

As for the Sohu blog, since its launch, there has been almost no movement.

Sohu also sprinkled a lot of money on this website. Obviously, the money was basically wasted without any effect.

This also verifies the law of the Internet industry. In every subdivision of the industry, the leader is making a lot of money, the second child is barely getting by, and as for the third child, what awaits him is the fate of starving to death. A few days earlier and a few days later.

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After several investment banks submitted their investment intentions, Yu Wenfei personally selected several shortlisted investment banks, including Citigroup, Temasek, Sequoia Capital, Goldman Sachs, Merrill Lynch, HSBC, Deutsche Bank, etc.

Although his goal is very clear, there is nothing wrong with choosing a few more companies, because there must be someone to accompany him, so that the valuation can be raised.

It stands to reason that banks like Citigroup, whose main business is banking, seldom participate in the financing of Internet companies. They prefer to invest in industries. The same is true for Goldman Sachs Merrill Lynch and HSBC Deutsche, but this time is different. These big banks are like sharks. When it smelled like blood, they gathered around.

This is because Facebook has already released the wind, and the financing will give priority to funds with bank backgrounds, and Facebook will prepare for listing after financing, and the qualifications of listing underwriters will also be given to the banks participating in this financing!

With this condition added, the meaning is completely different.

Originally, Facebook belonged to the "unicorn" level of enterprises. Even if the valuation is already very high, it is still profitable, but the income may not be so high.

When investing, if there is a stable income, even if the return on investment is relatively low, it is what everyone dreams of.

Not to mention, while participating in the financing, you can also obtain the qualification of the underwriter of the Facebook listing!