Chapter 309 Prey and Hunter

"How do you know Zhaoxin is going to go public?"

"guess."

"I am communicating with you very seriously. This may be a trap, a trap specially prepared for you!" Yu Nian announced very seriously.

"..."

Xie Jingxing looked in the rearview mirror and steered, then slowly parked by the roadside. After thinking for a moment, he said, "Are you talking about the ISSI project?"

"You want to introduce iconic direct investment projects to Luzhou. First, the ISSI M&A project is in front of you. Then Wang Ningguo talks about memory chips. Finally, Zhaoxin, the leading memory chip company in China, is about to launch a new business and cannot directly accept investment during the IPO period."

Yu Nian raised his left hand with his palm facing outward, then turned it inward: "Your needs are clearly stated from beginning to end."

"Then the most natural follow-up is for you to participate in the acquisition of ISSI, and use the assets of this project as the price to establish a new chip company in Luzhou with Zhaoxin, and Wang Ningguo will join and manage this company."

She paused for a moment and said, "This is too smooth. You should be very clear about how much room there is for maneuver in the process."

Jingcheng Silicon was sold at a good price, Zhaoxin's valuation increased, and the difference in price was paid by Xie Jingxing, which was an obvious cost.

If they want to dig a hole, they have to involve Wang Guoning. For example, ISSI's high-quality assets can be packaged and transferred to Zhaoxin to hollow out a new chip company established in Luzhou. Advanced gameplay, after completing the privatization acquisition of ISSI, this high-quality asset will unknowingly become an empty shell.

Technical patents can be authorized and transferred, partners can compensate for breach of contract, and talent reserves can change jobs or leave.

The remaining equipment drafts in offices and factories are worthless. In the past decade and in the next decade, batches of state-owned assets and private venture capital have been cheated and killed by the chip industry in this way.

“The main investor in the acquisition of ISSI is Yizhuang State Investment.”

Xie Jingxing narrowed his eyes slightly: "Secondly, Wang Ningguo's relationship with the Taiwan faction and the Tsinghua faction in Beijing is not good, and only Zhang Wenyi can mediate between them."

"Yizhuang Guotou is the second largest investor in the Big Fund, and ISSI should be the fat meat in the Beijing chip circle." Yu Nian insisted on his judgment.

It was a bit chaotic, so Xie Jingxing decided to split up into two groups: "Can you find a way to find out about Yizhuang Guotou? I'll go see Zhang Wenyi."

"I also have my own job, and... now everyone knows that we have been together these days. I need to ask a middleman to find out. It will take two or three days." Yu Nian responded calmly and seriously.

Xie Jingxing was speechless, he used it so smoothly that he almost forgot that he was the general manager of China Merchants Capital. To be fair, his ability was still good.

It was he himself who, because of his memory that Luzhou and Zhao Xin had a good cooperation, used his habitual thinking and made a foolish mistake out of preconceived ideas. The hunter and the prey were only a thought away.

…………

Xie Jingxing drove Yu Nian back to the company and went to meet Zhang Wenyi alone.

"My grandson is taking extra classes at New Oriental upstairs. What would he like to drink?"

Zhang Wenyi held the cup of hot latte in both hands and explained in detail, as if to say, "I'm sorry to trouble you." Compared with the first time they met, he seemed a little relaxed, without any of his sharpness.

Xie Jingxing thanked him politely and ordered a glass of flat white. In fact, he had drunk a lot of tea today and didn't want to drink anything.

Zhang Wenyi said to himself: "At our age, talking about ideals and ambitions seems empty. It is more practical to do something for our children and grandchildren."

"My wife is eight months pregnant, and I can somewhat sympathize with your thoughts." Xie Jingxing was not being falsely polite.

"When I first took over as chairman of SMIC a few years ago, there was a young technical talent who left the company that left me with a deep memory."

Zhang Wenyi recalled: "He worked at SMIC for three years. Unfortunately, when he could apply for the group's self-built talent welfare housing, all the welfare housing was distributed."

"His wife was pregnant and living in a rental house. A headhunter offered him a high-paying job contract. He struggled for a long time and finally broke down and sent me a long email, saying that he could no longer stick to his ideal."

Xie Jingxing racked his brains to try to figure out the deeper meaning: "Jack Ma said that there are two reasons why employees change jobs. Either they feel unhappy or wronged at work, or they are not paid enough."

"Everyone understands this truth, but knowing is easier said than done. After he left, I suggested to the board of directors many times to build another batch of welfare housing to retain talent, but it was rejected every time. Do you know how it was rejected?" Zhang Wenyi asked a leading question.

Xie Jingxing seemed to be thinking: "Benefit ratio?"

"Good, cost-effectiveness! The board of directors rejected me with a financial data model, saying that the existing salary and benefits are sufficient to match the talent pool, and it is not cost-effective to build welfare housing. The creativity of talents can be quantified, which is something I cannot understand." Zhang Wenyi sighed with emotion.

Xie Jingxing was silent. His head was determined by his butt. He could give Yu Nian thousands of roses, and he could also give Su He underwater flowers.

It is unrealistic to say that there is no measure of weight. And how to measure the weight? We cannot just rely on our naked eyes and gamble.

Missing out on the unexpected benefits of talent loss and overestimating the loss of talent can result in real money. It is obvious what choice capitalists have to make.

"This person, Zeng Shixiong, has worked for TSMC and Samsung for many years and is very experienced in financial mergers and acquisitions in the semiconductor industry. He is in his early fifties and in the prime of his life. His recent condition is not good and he is idle at home. If you are interested, you can contact him."

Zhang Wenyi easily saw through Xie Jingxing's attitude, and he was not interested in revealing the answer directly. He took a breath and continued, "I will retire next month, and my sensitivity to the industry is not as good as before. If I tell you about my work experience again, it will inevitably mislead you. Let's stop here today, my grandson is almost done with get out of class."

I'm sorry about what happened yesterday. Now no one takes me, a retired old man, seriously. They treat me as if nothing happened when I ask for favors. I'm introducing you to a talented person as a final explanation. It's up to you whether you want to take him or not. Let's stop here and don't socialize anymore.

Xie Jingxing sensed the loneliness and frustration in the old senior's words and asked tentatively, "Senior, I really hope you can join our fund and take on the role of strategic advisor."

Zhang Wenyi was stunned for a moment and then burst into laughter. Without saying anything, he carefully put the thermos and access card into a small schoolbag, put on a gaudy red baseball cap with the New Oriental logo, and slowly walked away.

At the age of seventy, at the age of seventy, why bother struggling to survive?

Often times, when faced with two evils, one would choose the lesser of two evils. One would rather offend an older leader than a young potential stock. Xie Jingxing suddenly thought of the bitter lessons of his wife Yu Tong's academic circle.

What's the purpose of Zhang Wenyi setting up a trap to kill him at his age? Is it to leave some wealth for his descendants?
I'm afraid it will leave some disaster for my children and grandchildren.

Xie Jingxing pressed his brows tiredly. If the old senior insisted on risking his life in the end, he wouldn't mind fulfilling his wish.

"Chen Zhibin, Zeng Shixiong."

Xie Jingxing whispered to himself, the former was related to the ISSI merger case, while the latter happened to have experience in mergers and acquisitions in the semiconductor industry.

…………

In the early morning, it will be dark.

Under the dim lights of a street shop, a large iron pot was steaming, and the smell of mutton offal mixed with the cold air rushed into my nose. The crust of the sesame seed cake was crispy, and the sesame seeds fell off when I bit into it, and the mutton filling was fragrant.

Xie Jingxing's forehead was covered with sweat as he ate. He wiped his nose, grabbed the seasoning bottle, shook it wildly, and sprinkled pepper into the bowl.

"Xie Jingxing, Mr. Xie?"

Zeng Shixiong, who was wearing formal leather shoes and a tweed coat, and had his hair neatly combed back with wax, was a very tall man of nearly 1.9 meters, with no flesh on his cheeks and thick, drooping eyebrows.

With a sad and depressed look, one can tell at a glance that he is indeed a financial expert.

"I'm Simon, I just talked on the phone." Zeng Shixiong stretched out his hand and revealed a Shanghai brand watch.

The smell became stronger, and Xie Jing couldn't help but nod repeatedly: "Sorry, it's a bit cold in the morning. This store is doing business. The mutton offal soup pot is set up at the door. Would you like a bowl of soup?"

"Thank you. I don't eat in the morning to maintain my body fat percentage."

Zeng Shixiong smoothed the hem of his coat and sat down firmly, with his hands crossed and placed on the edge of the table, trying his best to avoid touching the accumulated oil stains.

He arranged to meet at six in the morning. It was fair for Xie Jingxing to decide where to meet. Besides, it was difficult to choose a suitable place at this time.

"Mr. Simon, Mr. Zhang has introduced the situation here to you, right?"

"A little bit, just say you are setting up a semiconductor industry investment fund and want to hire senior practitioners in the financial field."

"That's about it. If you're interested in joining, let's arrange another time to talk in detail." Xie Jingxing was unusually concise.

Zeng Shixiong was confused: "That's it?"

"Mr. Zhang definitely recommended you to me for no reason. In fact, I'm here today mainly to answer some of your questions about our fund."

Xie Jingxing frankly said that it usually only takes two or three minutes to look at an early business BP, depending on how much effort the individual can put in.

Brother Simon's tone is that the human resources are ready to be used. As for whether they are senior talents or key backbones, they need to be interviewed and communicated seriously. This matter is not his business.

"Does your fund have an office in Beijing?" Zeng Shixiong was full of talent in managing the country and benefiting the people, but had nowhere to express it, so he asked the question hesitantly.

Xie Jingxing replied thoughtfully: "Maybe in the future, after all, Beijing is the core area of ​​the domestic chip industry, but we in the venture capital industry cannot do without business trips."

"What are your fund's long-term investment expectations? To be honest, I have always worked in a corporate environment, and I have some concerns about my personal career prospects if I switch to venture capital." Zeng Shixiong became more and more hesitant.

Xie Jingxing was speechless for a moment. He was looking forward to long-term investment and worried about his personal career prospects. It turned out that he was aiming for a partner position, and at the very least he had to start as an MD.

Currently, there is only Miao Nan in Xiyou who is over 40 years old and has the MD or above position. This guy is also the genuine manager of the former state-owned venture capital. He joined through the interest exchange of the Xiaoma Pentium project. In the past six months, he has invested in very few projects.

The relationship between this senior "youngster" who has jumped ship and the fund is like that between the guest elders who are affiliated with the sect in martial arts novels. Their independence and loyalty are proportional, and it is common for them to use the platform to lay their own eggs.

"Mr. Simon, our fund is a government industry guidance fund in cooperation with Luzhou. In terms of long-term investment expectations, we pursue a balanced relationship between marketization and policy-led development." Xie Jingxing began to phrase.

Translated into human language, we have policy needs. We are not a purely market performance-driven fund, and our financial prospects cannot compare to those of market institutions.

(End of this chapter)