The sound of the piano is sad, and the music changes from the elegant "High Mountains and Flowing Water" to the "A Laugh in the Ocean" which is appreciated by both the elite and the masses.

The screen was quietly pulled away at some point, revealing a girl playing the guzheng behind it. She was wearing a Song Dynasty brocade skirt and a gauze mask on her face, and her movements were graceful and charming.

Unfortunately, the audience was not interested in the scene and no one was interested in appreciating it. They all stared at the pen in the hands of the old senior. With a click, the pen tip and the cap closed and gently placed it on the investment intention agreement, pressing on the blank signature page.

"Mr. Jia, I had a great time tonight and drank a lot of wine. There is no rush for the acquisition. I need to discuss it with my team." The old senior explained apologetically.

Jia Yueting did not take it as an offense and reminded: "It is understandable that it is a legitimate need, but our TV sales are too high to continue to increase production capacity. The acquisition window is limited. You should think it over as soon as possible."

"No problem, I will definitely give you a reply as soon as possible. I wish our cooperation goes smoothly."

The old man raised his glass to show his honesty. His words were all in the wine. Don't worry, this deal will never be done!
Maybe he is old and his brain is rusty, and he cannot understand the business logic of the new era, but he can understand the unchanging scams that have existed for thousands of years.

按照目前维创集团港股市值计算，1.5倍市值10%股权的收购价是17亿元左右，贾跃亭只想支付这17亿的10%现金，1.7亿。

The remaining balance is payable 6 months after the transaction is completed.

In other words, Jia Yueting spent 1.7 million yuan and pretended to be worth 50 billion yuan.

It bought a piece of major good news that it acquired a 10% stake in an electronic manufacturing company with a market value of tens of billions, and will acquire a total of 29.8% of its shares in the future.

If LeTV's stock price rises by one point due to favorable stimulus, he will earn more than this amount of money. Then he will use the money earned from the rising stock price to pay for the acquisition cost.

This type of operation has been performed countless times in the Hong Kong stock market, and the veterans have seen too many of them.

Moreover, at a time when Xie Jingxing has launched a heavy attack on LeTV, which has been caught up in financial fraud, does it matter whether or not Skyworth is acquired later as long as the stock price rises due to favorable news?
At most they will have to pay some penalty for breach of contract, which is nothing compared to the drop in stock price.

This proves that LeEco needs this method to hedge against negative risks, and its operating conditions may be...

"Hello, Mr. Guo, I'm Huang Hongsheng."

The banquet ended without any results and the old man called his old acquaintance Guo Taiming on the way back to the hotel: "I met Jia Yueting in Beijing today. He wants to acquire Skyworth."

"Congratulations, you cashed out billions in one go." A steady voice came from the other end of the phone.

Huang Hongsheng was silent for a moment: "The payment method is very bad. He wants to acquire 30% of the shares, and he has to pay a deposit of 1.7 million first, and the balance will be paid half a year after the transaction is completed."

"...He wanted to acquire one of my TV brands in the United States some time ago and paid a deposit of 1 million US dollars. Do you think he has so much money to acquire everywhere?" Terry Gou immediately changed the subject.

"Thank you very much. I'll treat you to dinner later."

Huang Hongsheng clenched the phone in his hand, and then he added casually, "By the way, do you know Xie Jingxing?"

"I've heard of him but never seen him. Let's meet in Shenzhen later. You treat me to a meal and I'll treat you to a drink." Guo Taiming said briefly.

Old fox, Huang Hongsheng laughed to himself after hanging up the phone. This old fox is the most shrewd in the entire Hong Kong and Taiwan business circles, but he was still tricked by Jia Yueting.

A few years ago, Boss Jia successfully brainwashed Terry Gou with just one conversation, making him believe that relying on the Internet business logic of LeTV's free hardware and paid content, he could bring Hon Hai Group's television business into the United States and dominate the world.

As a result, despite the in-depth cooperation between the two parties, LeTV has been experiencing either wind or rain, and has been hit hard by a series of US regulatory hammers. It has been forced to temporarily shift its strategic focus to the Southeast Asian market.

One can imagine how Terry Gou feels towards Boss Jia. Now that Xie Jingxing has taken ruthless action, no matter what this young businessman intends to do, Guo will probably take the opportunity to take emergency shelter.

For example, the credit rating of Hon Hai Group's supply chain that supplies LeTV TVs and mobile phones will be downgraded, the payment period will be shortened and the credit limit will be reduced, and payment and delivery will be accepted at the same time, and default will be refused.

This is not the first time that Terry Gou has done this. Whenever there is any sign of trouble from buyers, he is always the first to respond.

As the industry leader, Hon Hai Group is a weather vane. Electronic manufacturers in Hong Kong and Taiwan are following suit. Even if LeTV is not sick, it will be seriously damaged by this incident.

"The acquisition business cannot be done." Huang Hongsheng made a firm decision.

At the same time, I was thinking about how deep the cooperation between Foxconn and LeTV is. It would be great if they were implicated and suffered a big loss this time and gave up their market share in the TV industry.

On the other side, in the courtyard restaurant, the leftovers were getting cold.

"Mr. Jia, shall we go?" the assistant asked softly.

Jia Yueting raised his hand to hold the glass, and a few drops of wine dripped down his chin, staining the collar of his white shirt with a few spots of scarlet.

The assistant stood by and waited patiently for instructions, but Huang Hongsheng, an old fox, accepted all the food and drinks offered to him. When it came time to sign the final document, he pretended to be drunk and stupid, which was really infuriating.

"Have you made an appointment with Zeng Qiang?" Jia Yueting suddenly asked.

The assistant hesitated slightly: "He said he can't leave recently, please go to Chongqing for an interview."

"What time?"

"Well, he said the day after tomorrow is fine, but I haven't replied yet." The assistant responded softly, suppressing the sourness in his heart.

Zeng Qiang is a partner of Xingen Capital. He has strong connections with local tycoons in Chongqing and mainly invests in local government and enterprise projects.

This morning, when it was officially announced that LeEco's non-listed financial and Internet cloud businesses would be based in Chongqing Industrial Base, this person took the initiative to come to the door and help connect the dots.

——The condition is that Xingen Capital invests in LeTV.

And because Xie Jingxing was a servile person and caused trouble, Zeng Qiang, who had originally been eager to serve him and try to win investment, suddenly changed his attitude and acted like a busy nobleman. This was just the way he acted.

"Make an appointment with him and book a flight."

Jia Yueting filled his glass, raised his finger and flicked the scarlet spots on his collar, then looked at the zither girl with a slanted look: "Why did you stop? Play "Ten Flying Daggers" for me."

"Have you seen Zhang Yimou's House of Flying Daggers?" He smiled at his assistant.

"I have seen it, but I had just graduated from college at that time, so I don't remember the plot very well."

"I had just arrived in Beijing at that time, and everything was new to me. The character played by Zhang Ziyi had sex with Takeshi Kaneshiro after knowing him for three days. She was stripped in public and anyone could have sex with her, except Andy Lau, who had been pursuing her for three years."

Jia Yueting drank the wine in his glass in one gulp: "I was so angry at that time that I wondered how could someone be so mean. Looking back now, I think timing is very important. The length of time doesn't matter. Only when the right time comes can you see a person's meanness."

"But having said that, Zhang Ziyi's passionate scene was really impressive. Wait until you get through this stage of Ambush from All Sides, and you can have a taste of how salty it is."

He strode out of the door with a relaxed smile, the sound of the zither behind him was like a silver bottle suddenly breaking as he chased out of the door, blending into the night and darkness with the sound of swords and arrows ringing from all directions.

…………

The next day, Tuesday, April 9nd.

LeTV's stock price turned positive at the opening, and retail investors who held shares at low prices covered their positions, and retail investors who missed the previous surge and tried to buy at the bottom rushed in. The public's criticism of capital banding together to suppress high-quality companies became even more intense, and professional financial institutions remained indifferent and joined the ranks of lowering LeTV's valuation.

At 10 a.m. during the trading session, the share price of Shenghong Technology, a major supplier of LeTV TV and a GEM-listed company, turned green and fell rapidly.

During the midday break, a former reporter from Caijing magazine revealed that LeEco Pictures’ arrears in payments to suppliers became a hot topic on Weibo.

During the afternoon trading session, Shenghong Technology released an announcement that the company is currently only responsible for the production of LeTV TV screen circuit boards, and is not involved in LeTV mobile phone products, nor is it in a situation where LeTV has defaulted on supply payments.

The market performance was unnoticed, and the share prices of several major LeTV suppliers, including Shenghong Technology, Yinxi Technology, and Guoen Holdings, all fell to varying degrees.

Near the end of trading, LeTV's share price, which had been rising all day, suddenly turned from red to green and fell 3% in large volume.

Foxconn tightened its credit rating for LeTV's TV and mobile phone businesses; a fund under Industrial Bank, one of LeTV's top ten shareholders, announced a reduction in its holdings; and a screenshot of a WeChat chat in which a person claiming to be an insider in the mobile phone industry revealed to a friend the risks of LeTV's extremely long payment period.

Three pieces of negative news, some certain and some specious, spread one after another throughout the stock trading forum.

The divergence between bulls and bears has intensified, and the risks have been transmitted to affiliated companies. LeTV has issued a clarification notice to all partners, requiring all parties not to disclose the details of the cooperation without permission.

"How much money do they still owe us?" Song Anli read the notice carefully.

Zhong Lifang, who was sitting next to him, said jokingly, "The balance of All Quiet in Peking has been settled, 800 million for Empress Wei, and 2300 million for Where the Wind Rises. The total is still 4200 million."

"It's been overdue for nearly half a year, right?" Song Anli sighed.

Zhong Lifang tacitly made a helpless smile: "Thanks to Mr. Xie, otherwise we wouldn't have been paid for this part."

"Sister Fang, I have a headache." Song Anli rubbed her temples in a contemptuous manner.

After the auction a few days ago, LeTV Pictures announced that it would not accept any TV series produced by Pony.com and Kujiji Studios, and the two sides have completely torn their relations.

The former was very rebellious at first, and was determined to drag out the payment for the drama he bought last year in which he participated in the investment until the end of time, in order to set an example for the entire entertainment industry and let them know what the consequences would be if they offended the financial sponsors at the sales end.

Unexpectedly, Xie Jingxing started from zero frame and hit the vital point of financial fraud with a big mouth, and LeTV Pictures immediately slid to its knees with a 180-degree split.

There were a lot of people outside just now. I was wrong. I kneel down for you...

An account was settled so quickly. The right and wrong is nothing more than that Xiaoma Pentium is really capable of taking them to court. The tens of millions of accounts are a small matter, but proving the financial fraud and the tight capital chain are a big deal.

"When gods fight, the little devils suffer. You should be more cautious for a while. I will test their bottom line first. If it doesn't work, you can talk later."

After reading the screenshot of the LeTV notification letter circulating in the WeChat industry exchange group, Zeng Jia put away his phone and got out of the nanny car. Yang Mi and investment director Li Juan followed behind with a heavy heart as if they were visiting a grave.

The three of them walked slowly through the trail of the hot spring villa. When they pushed open the half-open door, they saw two women sitting in the courtyard, chatting and smiling.

The older middle-aged woman has a good-looking appearance and a gentle and mature temperament. The other is a young and beautiful woman with a natural and coquettish face without any affectation, and her behavior reveals an overbearing tone intentionally or unintentionally.

Hearing her calmly accepting Zeng Jia's greetings and compliments on Mr. Song, Yang Mi curled her lips slightly, thinking that this girl was probably a little princess who had never suffered any loss and was spoiled.

There are too many girls like this in the circle. They just debuted and filmed two movies. They became a little famous and were surrounded by good people. They thought it was their right to enjoy all the good things. Only after they became out of fashion did they realize how many people they had offended unknowingly.

"To be honest, everyone in the industry knows Pony. It's a great thing that Jiaxing can get your investment, but we are a little worried about some recent rumors."

Hearing Zeng Jia's direct question, Yang Mi put away her wandering thoughts, listened attentively, and prepared to offer help.

No matter how uncomfortable LeTV has been in the recent days due to the squeeze of Xie Jingxing, it is still too far away from them. If the capital market is the sky, Jiaxing Media is just a drop in the ocean among all living things covered by it.

A video platform with a market value of tens of billions is like a naked cloud hanging over their heads. It is like the saying goes that the county magistrate is not as good as the current manager.

"Do you know about the announcement issued by LeTV Pictures?" Song Anli asked instead of answering.

Zeng Jia responded cautiously: "I heard that it has spread all over the circle."

"LeEco Pictures owes us tens of millions of yuan. Logically, we should have sued them long ago, especially since Jia Yueting wants to ban us."

Song Anli spoke calmly and said slowly, "The reason why we haven't filed a lawsuit yet is very simple. If LeEco really goes bankrupt, we will never get our money back in this lifetime."

"All LeEco suppliers think this way. Even if they have been owed money for a long time, they have to keep their mouths shut and cooperate when they receive the notice."

She looked at Li Juan, the only one of the three people in Jiaxing who understood capital operations: "Unless it is absolutely necessary, the creditors definitely do not want to initiate legal proceedings and put pressure on LeTV."

"From the perspective of Pony.com, Jia Yueting is Jia Yueting and LeTV Pictures is LeTV Pictures. Just like Pony.com is financially independent, Grapefruit Capital will not make up for our operating losses."

Song Anli concluded: "So your concerns are actually easy to resolve. Putting Jia Yueting aside, we and LeEco are still good partners."

"..."

Yang Mi's cerebellum was overloaded for a moment. Damn it, even if Jia Yueting is left alone, we are still friends. You are just throwing away garbage.

Zeng Jia glanced at Li Juan thoughtfully, and after getting a positive answer, he opened his mouth with a sympathetic heart: "Boss Song, we understand what you mean. We are still lacking in the professionalism of company management."

LeEco Pictures is really going to be ruined. It is possible that it will be sued for a debt of tens of millions, and its assets will be frozen, leading to a break in its capital chain. So how much better can the situation of LeEco.com be?
On the second level, LeEco's equity structure is complex, and Jia Yueting is only the founder and major shareholder. If anything goes wrong, he will sacrifice himself before the company.

Song Anli's explanation was clear and concise, which made Zeng Jia and Li Juan feel hesitant after hearing it.

If LeTV does not settle the purchase money to the film and television producers, they may not be able to easily get the final payment for their artists' participation in the film and television dramas, which is not a small amount of money.

This little girl is so confident at such a young age. Is she really not pretending to be so?
It is said that Feng Xiaogang has invested in LeTV. As a veteran in the Beijing circle, he has extensive connections. If there were really any problems, he would have slipped away long ago.

"Crench."

The door opened, breaking the dull atmosphere. A woman in cheongsam with lively eyes walked in. Zeng Jia and the other two looked over when they heard the sound.

"Song Yi just signed with our company not long ago. The show she starred in, The Disguiser, was aired last month and it did very well."

Song Anli took a sip of tea and said, "With a valuation of 20 billion, Pony Ma will acquire a % stake in Jiaxing Media. There is no time limit for the performance bet."

"Sister Fang, please chat with Mr. Zeng and the others. I'll be gone for a while. Don't leave in a hurry. Stay and have dinner with us."

She put down the teacup and walked slowly into the villa. Song Yi followed closely behind her and nodded apologetically to Zeng Jia and the others.

Yang Mi felt something strange for some reason, but she couldn't tell what it was. Zeng Jia and Li Juan felt the same way.

(End of this chapter)