My capital is quite large.

Chapter 305 Chairman Li Knows Everything

In the shadows of a corner of the sofa, Li Feng quietly watched Lao Wang singing with great enthusiasm on stage, a slight smile playing on his lips.

Privatization and delisting?

Ideally, this would indeed be a brilliant move.

However, while delisting from the Hong Kong stock market is relatively easy, the threshold for delisting from the A-share market is not so easy to cross.

If Wanda is unable to relist on the A-share market as scheduled, then Wang Jianlin's vast entertainment industry and nationwide cinema resources...

Then Li Feng, this good younger brother, would have to accept it.

......

Just a few days later, the news that Shenzhen Land Group had fully acquired all of Vanke's shares held by Wanda Group made headlines in major financial media outlets.

With this deal finalized, the long-running "Baowan battle" has essentially come to an end.

With the strong intervention of local state-owned assets, Vanke's management retained control, but this also meant that Shenzhen Land Group became Vanke's undisputed major shareholder behind the scenes.

In this grand drama of capital, both Xu Jiayin and Wang Jianlin, the two real estate tycoons, paid a considerable price without exception.

After all, the huge amount of chips held by the two were ultimately sold off at a 10% discount, resulting in a significant reduction in their paper wealth.

However, the capital market is never a one-dimensional transaction. Temporary setbacks are often used to acquire more crucial assets in other sectors.

Although this transaction represents a deep integration between Shenzhen Land Group and Vanke, the capital market has always been a place where various forces are intertwined and interdependent.

Just like Tencent's Digital Media and Entertainment Group couldn't sit still after seeing the remarkable achievements of Haofeng's sports division.

In order to counter iQiyi's already established sports and entertainment ecosystem, which is centered on male users, Tencent has adopted a tit-for-tat strategy.

Almost simultaneously with the change of ownership in Vanke, Tencent announced its high-profile investment in LeSports and LeEco VR, with a total investment scale of several billion yuan.

At the time, the market viewed this as a highly logical and self-consistent strategic investment.

LeSports holds the most important exclusive broadcasting rights for the English Premier League, giving it a strong appeal among football fans.

An internal assessment report by Tencent also points out that, in China, the number of football fans and their spending potential are theoretically higher than those of basketball fans.

Therefore, supporting LeSports to facilitate Chong Haofeng's strategic moves in the sports field received unanimous agreement from Tencent from top to bottom.

While outside attention was drawn to the battle between these multi-billion-dollar giants, inside the Jinling Haofeng headquarters building, various plans were being carried out in an orderly manner.

......

As the sun set, Zhang Yuxi, wearing high heels, walked through the brightly lit corridor and arrived at the office of Zhao Zhe, the general manager of the investment department.

"President Zhao, Chairman Li asked me to come and collect last month's financial summary and Shin-Etsu Chemical's latest plan," Zhang Yuxi said calmly.

Seeing this, Zhao Zhe quickly got up and stepped forward, handing over two sealed documents he had prepared beforehand: "Assistant Zhang, they're all here. Regarding the secondary market accumulation plan for Shin-Etsu Chemical, we've prepared three contingency plans to ensure that we build our position in batches without triggering the disclosure threshold."

Zhang Yuxi took the documents but didn't leave immediately. Instead, she looked down at the tablet in her hand and continued, "In addition, President Li has assigned a new task. The investment department needs to draft a performance-based agreement as soon as possible, with Wanda as the partner."

"A betting agreement?" Zhao Zhe was slightly taken aback.

Wanda is no ordinary small company. Signing a behemoth-like agreement with such a company requires extremely strict terms and conditions.

"Yes." Zhang Yuxi tapped a few times on the tablet and brought up a memo.

"There are several key details. First is the deadline for the performance-based agreement: Wanda Commercial Management must complete its listing on the A-share market before December 31, 2018."

Zhao Zhe's expression turned serious, and he immediately took notes: "What if the listing fails by the deadline?"

"If the IPO fails, Wanda Group will be required to unconditionally repurchase all of our shares, including principal and interest. Interest will be calculated according to the agreed annualized rate, and the specific terms will be detailed in the contract." Zhang Yuxi put away her tablet.

As a seasoned financial professional, Zhao Zhe quickly understood Li Feng's intentions upon hearing the design of this clause.

This is clearly to provide financial support for Wanda's subsequent privatization and delisting, but at the same time, it leaves itself a way out with extremely strict terms.

He thought for a moment, then looked up and asked, "I understand. So... how much capital does Mr. Li plan to invest in this project?"

Zhang Yuxi raised her eyes, her tone completely flat, and quietly uttered a number: "Three hundred and sixty billion."

"How many?!"

Zhao Zhe's hand holding the pen trembled violently, almost leaving a mark on the notebook.

He even thought he was hallucinating, staring at Zhang Yuxi in shock.

"Three hundred and sixty billion RMB, all in cash." Zhang Yuxi repeated calmly.

"Assistant Zhang, this joke has gone too far, hasn't it?" Zhao Zhe's tone was full of disbelief.

"Shin-Etsu Chemicals wants to secretly acquire 5% of their shares on the secondary market. Based on their current market value, we need to prepare at least 13 billion RMB in cash."

"And now, Wanda is going to pour another 36 billion yuan into it."

"These two investments combined create a massive funding gap of nearly 50 billion. Where will the company raise this 50 billion in a short period of time?"

Zhang Yuxi did not answer, but just looked at him quietly, her eyes calm and undisturbed.

Faced with this almost indifferent calm, Zhao Zhe's shock gradually subsided.

He knew that Zhang Yuxi was merely a messenger of Li Feng's will. Since she could say this number so calmly, it meant that Li Feng had absolutely no room for wavering on this decision.

"I understand. I will personally deliver the draft of the performance-based agreement to Chairman Li's office by tomorrow morning."

However, Zhao Zhe couldn't suppress his professional instincts and couldn't help but ask, "Assistant Zhang, does Chairman Li... know that our group only has about 23 billion yuan in available working capital left?"

Two hundred and thirty billion yuan is a cash reserve that any private enterprise in China could boast.

But faced with these two massive projects that are enough to make your hair stand on end, this number doesn't even cover half of them.

Zhang Yuxi simply replied:

"Chairman Li knows everything."

After saying that, she nodded slightly, turned around, and left the office.

Zhao Zhe, who remained where he was, stared at the closed door and fell into a long silence.