[The wedding was filled with murderous intent, and the capital situation that suppressed LeTV surfaced! 】
Jia Yueting clicked on the news illustration. In the photo, Xie Jingxing, Liu Qiangdong and Ma Huateng were talking and laughing in a friendly manner, with a pure-faced young girl standing beside them.
"These three look like decent people when they get together. Old Liu is really loyal!" The fat man who looks a bit like Wang Jing laughed obscenely.
Jia Yueting put down his phone and said calmly: "These media are too vulgar. Go and tell them to delete the article and apologize."
The assistant immediately responded and did as he was told. The fat man's laughter stopped abruptly, and he felt like a dead duck was stuffed in his throat.
Since the self-media article that topped the Weibo hot search list a few days ago, public opinion has been unanimously directed towards the direction that LeTV is being suppressed by capital. The conspiracy theory position of this article that Xie Jingxing has joined forces with Tencent is too obvious.
Mr. Jia is trying to trick him like this. Does he really think he is a gentleman?
"LeEco will continue to be in the industry in the future, and it is inappropriate to involve others in the problems between me and Xie Jingxing."
Jia Yueting explained leisurely and comforted him: "Don't worry, Lao Zeng."
"That's not right. You, Old Jia, have feelings and do things decently. I feel bad for you, brother."
The fat man is Zeng Qiang, a partner of Chongqing Xingen Capital. He said he was indignant and wanted to stand up for the injustice, but he had other plans in his mind.
Mr. Jia seems to be quite confident. LeTV has not yet reached the end of its rope. As to whether he is intentionally bluffing, further investigation is needed.
He originally intended to take advantage of this God-given opportunity to make a fortune, but he was a little too hasty, so he adjusted his mindset.
The weather in Chongqing at the beginning of October is hot and cold, with cool breezes in the morning turning into rolling heat waves around noon.
The golf cart slowly drove across the green grass and stopped at the top of the hill. The two people with different thoughts looked down at the large flat farmland.
"It's a good piece of land." Jia Yueting nodded slightly.
Zeng Qiang echoed: "The value of this piece of land in Chongqing is much higher than that in Jiangsu and Zhejiang."
"How big is it?"
"3700 acres. This piece of land is not the best. There are two other pieces of land that are larger."
Zeng Qiang straightened his sun hat and boasted, half true and half false: "In the past two years, Evergrande has relied on its wealth to acquire land and build tourism and health resorts everywhere. The city wholeheartedly welcomes them and lets them enjoy all the benefits. I am too lazy to get involved."
"If you really want to come to Chongqing, you must not allow Evergrande to be treated specially. How to plan the nature of cultural and tourism land and industrial land is a matter of one sentence."
His domineering aura was so overwhelming that Jia Yueting looked sideways and remained silent for a long time.
Zeng Qiang coughed and tried to explain: "New energy vehicles are a hard technology innovation and manufacturing industry. As a leading brand in the industry, LeEco should be supported accordingly when it comes to build a factory in the local area."
"LeEco Auto's California Super Factory will start construction at the end of the year, with an initial cost budget of US$10 billion."
Jia Yueting paused, his face firm and resolute as he said, "I have no intention of giving money to the Americans. I will bring the advanced manufacturing technology of new energy vehicles back to China sooner or later."
"LeEco Auto has already purchased large plots of land in Jiangsu, Zhejiang, Beijing and Tianjin to build a full-industry supply chain cluster. Tens of thousands of acres of land in Sichuan and Chongqing are needed. If Chongqing doesn't work, we'll go to Chengdu."
There are beautiful mountains and rivers hidden in his belly, and its value is as high as several floors. This time it was Zeng Qiang's turn to stare with wide eyes.
But Jia Yueting had no intention of adding further explanation, so he had to take a deep breath and respond: "You are straightforward, brother, I can't be vague. The land must not be a problem."
Who cares whether you acquired the land out of your duty to revitalize the industry, or to dig a pond to raise turtles? Just tell me how much benefit you have and don't act so high-profile.
"I personally invested more than 5 million US dollars in LeEco Auto. Let me give you a discount. 5000 million US dollars for 5% of the shares. Is that enough?" Jia Yueting said confidently.
Zeng Qiang frowned and said, "Mr. Jia, you started by comparing the valuation of Ideal Auto to that of the original car."
"Xie Jingxing makes me feel like I have something stuck in my throat."
Jia Yueting suddenly turned around, took the golf club from the caddy, and strode forward: "Someone inside the company advised me that the company is in its golden period of development this year, so I shouldn't waste my energy trying to reason with a gangster."
"LeEco Pictures is a high-quality asset that is targeted for independent listing. It is better to inject it into LeEco and prove everything with the positive facts."
He turned around and looked directly at Zeng Qiang: "I thought about it all night and couldn't sleep. If I say I don't want to let down the shareholders of LeTV Pictures, you will definitely think I'm a hypocrite."
"I will give up 5% of LeEco Auto's equity at my own expense. If you are willing to take over, it will be considered as helping me. I won't explain anything else." Jia Yueting spoke to himself in a decisive manner, leaving no room for bargaining.
Zeng Qiang vaguely saw a hint of ruthlessness in his eyes, and thought that Xie Jingxing had made him angry.
LeEco Auto was launched at the end of last year, half a year earlier than Ideal. Although the details of its R&D progress are unknown, the land that Jia Yueting has hoarded all over the world are real assets.
The price of 5000 million USD for 5% equity is very affordable, we can only say that the discount can be even greater.
Zeng Qiang licked his lips and sighed: "Old Jia, it's not easy for you to be so loyal and righteous. Don't take everything on yourself. I will help you if I can."
"You have to find a flexible way to invest in LeTV. I will compensate you the difference in other ways." Jia Yueting had already made plans.
"That's not good. It makes me look like I'm not a good friend because I'm taking advantage of someone's misfortune."
Zeng Qiang shook his head repeatedly and pondered, "I heard that your bonds were issued at a discount? I'll buy it all. I'll have to support you no matter what!"
"Is this true?" Jia Yueting looked at his assistant with a gloomy expression.
Zeng Qiang was very worried and explained: "You should ask carefully. There have been all kinds of rumors about LeTV in the market these days. The employees below may not have had time to report to you."
Jia Yueting clenched the golf club in his hand. Xingen Capital originally planned to directly acquire 9% of LeTV's shares from him at a price slightly lower than the wholesale price in the secondary market, totaling just over 30 billion yuan.
This is a regular operation of buying old shares, circumventing the restricted sale period system, and the equity can be circulated at will. In the case of Xie Jingxing biting LeTV's financial fraud, it will be interpreted by the market as a major negative factor that the major shareholder cashed out and ran away.
Therefore, Jia Yueting hopes that Xingen Capital will directly purchase circulating shares from the secondary market, or issue additional shares through private placement, and holding more than 5% of the shares will trigger the lock-up period.
In short, within a certain period of time, you can buy stocks but cannot sell them.
At this critical moment in the company's life, Xingen Capital's investment in these two forms clearly shows that it is firmly optimistic about LeEco's major positives and can be called the white knight that saves Sleeping Beauty.
To this end, Jia Yueting first sold LeTV Auto's equity at a discount, and then promised to buy tens of thousands of acres of land in Chongqing. It depends on Zeng Qiang's ability to make money from the price difference.
After cutting off two pieces of meat in succession to lay the groundwork, he finally got to the point and then expressed his willingness to pay privately to compensate Xingen Capital for the price difference resulting from the change in the way it acquired equity.
As a result, Zeng Qiang still pretended to be righteous and even wanted to acquire LeTV's bonds issued in the past two months at a discount, totaling 19.3 billion yuan. The so-called discount can be summed up in one word - nine out and thirteen back.
He only needs to bear the risk of the stock lock-up period and wants to take away a commission close to one-third of the principal he paid.
Jia Yueting felt like a decent girl who had no other options but to perform in a brothel after her parents remarried and her father died. Zeng Qiang, on the other hand, was an old and skilled client who had been seeking pleasure from prostitutes for most of his life.
She touched and pinched him left and right, gradually going deeper and deeper until she had completely taken advantage of him.
But if you take off the clothes of a decent girl and suddenly find that she is not clean, I am afraid she is in trouble...
"Snapped!"
The swing of the golf club made a sound of breaking wind. Jia Yueting stared at the ball flying high in the air with a sharp gaze. He suddenly chuckled: "Old Zeng, you are not going to take our bonds and turn around to ask Xiyou for 'bond lending', are you?" "You know what, it is feasible. It is my character to help people to the end." Zeng Qiang responded calmly without changing his expression.
Suppose Xingen Capital bought LeTV bonds with a face value of 17 billion yuan for 19.3 billion yuan, and lent all of them to Xiyou Capital at a price of 19.3 billion yuan, and the latter sold them to the market at a price of around 19 billion yuan.
Then he took over and bought it. When the loan transaction expires in the future, how should Xiyou repay the bond? The answer can only be to buy it from him at a high price and then return it to him in full.
Russian nesting doll thousand-layer cake, making money three times inside and outside, 2 million plus 2 million is 6 million.
Of course, this is based on the premise that LeEco is in good operating condition and will not default on its bonds in the end, and the risks are too concentrated. His optimism about LeEco does not mean that he intends to invest heavily and put all his eggs in one basket.
"Then you study it first, and I will go back and ask about the details of the bond issuance." Jia Yueting walked leisurely to the next hole with the golf club.
"Old Jia, don't worry, I haven't made a move yet."
Zeng Qiang tried to persuade him to stay, and said in a pretentious manner: "Look carefully, I have a chance to make an eagle."
"There are no rabbits on this court." Jia Yueting stopped.
Zeng Qiang smiled and swung the club vigorously. The golf ball flew out and landed very close to the next hole. Several caddies behind the two of them applauded. One of them introduced: "Mr. Jia, eagle ball means hitting it accurately."
"I've learned it. Lao Zeng, you're so accurate, don't worry. I'll be the slow bird and fly ahead to wait for you."
Jia Yueting said this lightly and continued to walk ahead alone.
If Zeng Qiang really dared to use LeTV's bonds to compete with Xiyou, he would deserve respect, but he didn't dare, so he can only blame himself for being incompetent.
With your lowly, mean and foolish appearance, do you think you are worthy of being Lu Buwei, who is a rare and valuable person?
Jia Yueting was disdainful and sarcastic in his heart, looking into the distance. Xie Jingxing was still far from being able to force him into a desperate situation!
"Mr. Zeng, LeTV is going to have good news after the National Day holiday, so you have to make a decision early and give me a definite answer. You don't have to see me off, my old classmates from Cheung Kong Graduate School of Business are coming to visit LeTV, and I have to go back to receive them."
The last words lingered for a long time. Zeng Qiang stood there until the steady figure disappeared from his sight.
"Damn it!"
He swung the club and the ball stayed safely in place, large pieces of grass and soil flew up, and the muscles in his cheek twitched.
Xingen Capital acquired shares through the secondary market and private placement. Once LeTV collapses, it will instantly become the wrong target.
Faced with such a high risk, Jia Yueting acted as if he was asking you to kneel down and do something for him, clearly treating him as a beggar kneeling down to beg for food.
"A second-generation dandy like Xie Jingxing is only superficial no matter how much he brags!"
Zeng Qiang was so angry that he lost his mind and cursed Xie Jingxing for being useless and failing to put maximum pressure on LeTV so that he could take advantage of the situation to the maximum extent.
On the other hand, Jia Yueting is still as powerful as ever. His old classmates provide financial support, and LeTV's film business is injected into the listed asset system to hedge against negative factors. Various ways of getting around are emerging one after another.
Xingen Capital has limited capital waiting to be sold, including LeEco Auto, 10,000 acres of land in Chongqing, and compensation for the difference in equity prices. Objectively speaking, it is profitable, much better than expected.
"Book me a flight to Beijing for the last day of the National Day holiday." Zeng Qiang made the decision reluctantly, pinching his nose.
To be safe, if Xie Jingxing can't do anything big after the holiday, it's okay for him to kneel down and beg for food, making money is not shameful; if LeTV is really going to go bankrupt, he will have to add insult to injury and step on it a few times to vent his anger today.
In short, whoever wins will be helped, and this is how market divergence turns into consensus.
…………
[Brother, China Business News has some information and is willing to trade with us.]
In the Shanghai headquarters, in the reception room of Taihe Capital, Caixin Media reporter Jiang Ge was swiping his phone and typing away an OK reply to a message from a colleague.
Recently, news about LeTV has been flying all over the place. Small and second-rate media outlets are so hungry that they are willing to take whatever they can get and repeatedly rewrite the news based on the sources that people in the market are echoing. Regardless of whether the news is true or false, they will publish it first out of respect for fear that if they don't take advantage of the popularity, it will be gone.
Professional financial media that pride themselves on the depth of their content are all working overtime to come up with one major feature after another.
Thanks to Caixin's strong brand, Jiang Ge obtained several exclusive sources of information, and the same is true for China Business Network. It is a good strategy for everyone to share information and cooperate and compete.
Only Xiyou and Taihe, which stirred up the controversy over LeTV's financial fraud, remained completely invisible and refused to cooperate with the media.
"Mr. Jiang, we are about to get off work, and our colleagues in the marketing department really don't have time to accept your interview." The girl at the front desk walked into the reception room.
Jiang Ge raised his hand to check the time and said with a smile: "It's only six o'clock, it's early enough for you to get off work."
"It's the National Day holiday now." The girl at the front desk gave a deathly smile in response.
"I'm so sorry to trouble you. I'll treat you to dinner so that I can come back tomorrow and drink your company's coffee shamelessly."
"Thank you, but our company has regulations and it's not convenient."
"Rules are dead but people are alive. I will explain the situation to your CEO Su tomorrow when I see her. Thank you very much for your hospitality."
Jiang Ge didn't take it seriously and said a lot of nice things to the girl at the front desk, flattering her until she agreed to help register the visitor at the front line the next morning.
It was still early when he left Taihe Capital's office, so he took the opportunity to meet an old friend in Shanghai's financial circle for dinner and to get the latest gossip.
The employees of Taihe and Xiyou worked overtime like crazy during the National Day holiday and refused to cooperate with the media. Jiang Ge was itching to disguise himself as a cleaner and rummage through the two companies' daily office garbage to find out what they were up to.
"Still searching for LeEco's 'securities source'? Jia Yueting is obviously not the kind of person who will accept death. He has been looking for positive news everywhere in the past few days. So what kind of negative news can support short selling?"
After returning to the hotel late at night, Jiang Ge turned on his computer to summarize today's news.
Based on the information collected in recent days, it can be roughly judged that LeTV's business condition is not good due to leaks from all sides, but it is not enough to prove that LeTV has committed financial fraud.
"How long has Xie Jingxing been eyeing LeTV?"
Jiang Ge muttered to himself, speculating on the details that were full of deep malice. After all, it was impossible for Xie Jingxing to suddenly decide to target LeTV. That would be too abnormal.
"Ding dong."
As he was thinking, a light flashed in the lower right corner of the computer screen and an email popped up.
【LeEco's three sins: 1. Financial fraud, five years after listing, net profit is zero as of today. 2. Transfer of assets, major shareholders cash out in huge amounts continuously. 3. Financing fraud, related-party transactions inflated business financing and tens of billions of debt.
I have long heard of Caixin Weekly’s serious and professional reputation. Here is an investigation report on LeTV.com. For details, please see the attachment - Anonymous Justice Citizen. 】
"what the fuck?!"
Jiang Ge was stunned and checked every word in the email. There was only one thing in his mind: what a kind-hearted citizen who saw a ghost!
This job is too big.
(End of this chapter)