Chapter 407： Fan Xiaopang
Fall in love with youkanshu.com, the road to fame and fortune in America
If it is said that only Samsung is not very enthusiastic, then South Korea is still able to complete the merger of Hynix and its related businesses by doing work.
At most, it helps to lower the price of Hynix, so that Samsung can complete the annexation of Hynix at a relatively small price. Anyway, it is a domestic company, and in the end, the meat is still rotten in the pot.
However, the situation is different now. Not only did Chen William offer a high price for Hynix, but another South Korean chaebol, the communications giant SK Group, also came out and intends to acquire Hynix. The combination of Hynix's memory business can still improve profitability.
It's just that the sk group does not have sufficient funds at present, so the plan they put forward is that they are willing to buy 31% of the shares of Hynix Semiconductor at a price of 3.4 trillion won.
According to the plan proposed by the sk group, they will pay 2.3 trillion won to Hynix and 1.1 trillion won to the company's nine shareholders.
In an interview, the person in charge of the sk group said: "Through the new injection of funds, Hynix will be able to improve its financial stability and continue to invest to enhance its competitiveness. The sk group will still focus on enhancing the corporate value of Hynix."
However, the market's reaction is not optimistic about this acquisition of SK Group. Standard & Poor's rated the outlook of SK Group as negative, and said that this acquisition will affect the credit quality of SK Group.
Standard & Poor's said: "Although Hynix has a strong position in the global memory semiconductor industry, the company's unstable operating performance and the need for large capital expenditures will be detrimental to SK Group's stable cash flow."
However, Hynix was not very positive about the plan suddenly proposed by the sk group, because it was obvious that the sk group's bid was not high, especially when compared with Chen William's bid.
Don't look at their willingness to take on Hynix's debt and invest 3 billion US dollars to get 31% of Hynix's shares. It seems that the valuation of Hynix is set at 9 billion US dollars, plus 3 billion US dollars of Hynix debt, which is equivalent to A total of 12 billion US dollars to buy Hynix.
But you must know that the way SK Group acquired Hynix is to purchase Hynix's newly issued shares for about 2 billion US dollars - that is, this part is equivalent to injecting funds into Hynix, and the other about 1 billion US dollars is to buy Hynix. The 9 debt-to-equity swap shareholders held 31% of the shares.
Therefore, in fact, SK Group set the pre-investment valuation of Hynix at 7 billion US dollars. Even if it takes on 3 billion US dollars of debt, it is Hynix who will continue to bear this part of the debt, and SK Group, as the controlling shareholder with 31% of the shares , the real pro-rata debt is only $1 billion.
That is to say, the sk group took out 3 billion US dollars, plus assumed a debt of 1 billion US dollars, at a price of up to 4 billion US dollars, and held 31% of the shares, becoming the controlling party and controlling the company. Then if Hynix's future development is not as expected, they can stop investing money, or even split the company and get their money back, as long as they ensure that they are not lost, or reduce their losses.
At that time, Hynix may no longer exist.
Compared with this, even Chen William's current conditions are much more reliable than the sk group. Although their valuation of Hynix seems to be similar to that of the sk group, they have come up with a one-off $10 billion. Solving the debt problem of Hynix, buying Hynix wholly, and investing funds to develop and grow Hynix, if Hynix chooses it, it must be Chen William's side that has a better prospect.
Don't forget that the resources that William Chen can master, including the related industries invested by his group, such as Xiaomi mobile phones, the largest individual shareholder of Apple mobile phones, and Tesla, can bring business to Hynix. By comparison, it is clear how to choose.
Even Hynix's creditors and shareholders are more inclined to Chen William's side. Everyone understands that Chen William here is a complete victory over the SK Group, both in terms of funds and resources. , it is easier to open up the relationship with the government and create convenience for them.
However, Chen William doesn't care about this. What if the SK group can find the South Korean government to clear up the relationship? Although they can influence the attitude of the South Korean government, it must be known that Chen William can influence the American government.
However, with the participation of the sk group, Hynix hopes to obtain a better price through this negotiation.
In the current negotiation, Hynix hopes that William Chen will increase the purchase price to 12 billion US dollars, so that they can pay off most of the debt at one time after shareholders sell their shares.
And they hope that Chen William will continue to invest at least 3 billion US dollars after the acquisition for Hynix to introduce the latest lithography machine and improve the accuracy of the wafer factory and dram chip production line.
After listening to these reports from his acquisition team, William Chen sorted out all aspects for a moment and said:
"For the time being, I'll deal with Hynix first and keep in touch. In addition, open plan b, and you can start sending people to contact there."
Hearing Chen William's order, the person in charge of the acquisition team was stunned for a moment and asked tentatively, "Boss, what level do we need to do?"
"For the purpose of acquisition."
The shocked look on the other side's face flashed, and he immediately said seriously: "Okay, boss, we will try our best to complete the task."
After the acquisition team left the villa, William Chen returned to the upstairs bedroom, where he met Fan Bingbing who was waiting for him.
When William Chen came to South Korea from New Zealand, Fan Bingbing had already set off from China and came here first to wait for him.
"How are you, baby."
When William Chen entered the bedroom, Fan Bingbing was wearing home clothes sitting on the sofa looking at his phone, he sat next to Fan Bingbing, put her in his arms, and asked.
Fan Bingbing was swiping Weibo before, she looked up at Chen William, put her head on his shoulder, and said:
"It's okay, as far as the body is concerned, it feels okay, and now I wear looser clothes, and I can't see it. It won't work after a while, you see..."
While speaking, Fan Bingbing took the mobile phone and showed Chen William a report inside.
Chen William glanced at it. It was a Weibo of an unknown entertainment tabloid reporter. The photos posted in it were private photos of Fan Bingbing that were taken at an unknown time. It should be the text accompanying this Weibo not long ago, saying The only thing is that Fan Bingbing has not started work for a while, and has become a little fat...
Uh, that's not too bad, anyway, it's not that she didn't gain a little weight before, or she was called "Fan Xiaopang".
However, Chen William would never say such words:
"It seems that there are quite a few paparazzi who follow you. Don't go back to China. Where do you want to live for a while, baby."
Fan Bingbing thought about it and said:
"How about France? Do you remember, we've been there together before, and I've been to Cannes a few times before, so I'm familiar with it."
"Well, I'm afraid that because you've been to Cannes a few times, it's well-known and easy to recognize."
In fact, William Chen's real first reaction was that he had gone to France anyway, so he would get together there, but that's fine. It's also convenient when you go to visit yourself. You can see three people in one trip, eh, three pairs of mothers and children or mothers. Female……
If it is said that only Samsung is not very enthusiastic, then South Korea is still able to complete the merger of Hynix and its related businesses by doing work.
At most, it helps to lower the price of Hynix, so that Samsung can complete the annexation of Hynix at a relatively small price. Anyway, it is a domestic company, and in the end, the meat is still rotten in the pot.
However, the situation is different now. Not only did Chen William offer a high price for Hynix, but another South Korean chaebol, the communications giant SK Group, also came out and intends to acquire Hynix. The combination of Hynix's memory business can still improve profitability.
It's just that the sk group does not have sufficient funds at present, so the plan they put forward is that they are willing to buy 31% of the shares of Hynix Semiconductor at a price of 3.4 trillion won.
According to the plan proposed by the sk group, they will pay 2.3 trillion won to Hynix and 1.1 trillion won to the company's nine shareholders.
In an interview, the person in charge of the sk group said: "Through the new injection of funds, Hynix will be able to improve its financial stability and continue to invest to enhance its competitiveness. The sk group will still focus on enhancing the corporate value of Hynix."
However, the market's reaction is not optimistic about this acquisition of SK Group. Standard & Poor's rated the outlook of SK Group as negative, and said that this acquisition will affect the credit quality of SK Group.
Standard & Poor's said: "Although Hynix has a strong position in the global memory semiconductor industry, the company's unstable operating performance and the need for large capital expenditures will be detrimental to SK Group's stable cash flow."
However, Hynix was not very positive about the plan suddenly proposed by the sk group, because it was obvious that the sk group's bid was not high, especially when compared with Chen William's bid.
Don't look at their willingness to take on Hynix's debt and invest 3 billion US dollars to get 31% of Hynix's shares. It seems that the valuation of Hynix is set at 9 billion US dollars, plus 3 billion US dollars of Hynix debt, which is equivalent to A total of 12 billion US dollars to buy Hynix.
But you must know that the way SK Group acquired Hynix is to purchase Hynix's newly issued shares for about 2 billion US dollars - that is, this part is equivalent to injecting funds into Hynix, and the other about 1 billion US dollars is to buy Hynix. The 9 debt-to-equity swap shareholders held 31% of the shares.
Therefore, in fact, SK Group set the pre-investment valuation of Hynix at 7 billion US dollars. Even if it takes on 3 billion US dollars of debt, it is Hynix who will continue to bear this part of the debt, and SK Group, as the controlling shareholder with 31% of the shares , the real pro-rata debt is only $1 billion.
That is to say, the sk group took out 3 billion US dollars, plus assumed a debt of 1 billion US dollars, at a price of up to 4 billion US dollars, and held 31% of the shares, becoming the controlling party and controlling the company. Then if Hynix's future development is not as expected, they can stop investing money, or even split the company and get their money back, as long as they ensure that they are not lost, or reduce their losses.
At that time, Hynix may no longer exist.
Compared with this, even Chen William's current conditions are much more reliable than the sk group. Although their valuation of Hynix seems to be similar to that of the sk group, they have come up with a one-off $10 billion. Solving the debt problem of Hynix, buying Hynix wholly, and investing funds to develop and grow Hynix, if Hynix chooses it, it must be Chen William's side that has a better prospect.
Don't forget that the resources that William Chen can master, including the related industries invested by his group, such as Xiaomi mobile phones, the largest individual shareholder of Apple mobile phones, and Tesla, can bring business to Hynix. By comparison, it is clear how to choose.
Even Hynix's creditors and shareholders are more inclined to Chen William's side. Everyone understands that Chen William here is a complete victory over the SK Group, both in terms of funds and resources. , it is easier to open up the relationship with the government and create convenience for them.
However, Chen William doesn't care about this. What if the SK group can find the South Korean government to clear up the relationship? Although they can influence the attitude of the South Korean government, it must be known that Chen William can influence the American government.
However, with the participation of the sk group, Hynix hopes to obtain a better price through this negotiation.
In the current negotiation, Hynix hopes that William Chen will increase the purchase price to 12 billion US dollars, so that they can pay off most of the debt at one time after shareholders sell their shares.
And they hope that Chen William will continue to invest at least 3 billion US dollars after the acquisition for Hynix to introduce the latest lithography machine and improve the accuracy of the wafer factory and dram chip production line.
After listening to these reports from his acquisition team, William Chen sorted out all aspects for a moment and said:
"For the time being, I'll deal with Hynix first and keep in touch. In addition, open plan b, and you can start sending people to contact there."
Hearing Chen William's order, the person in charge of the acquisition team was stunned for a moment and asked tentatively, "Boss, what level do we need to do?"
"For the purpose of acquisition."
The shocked look on the other side's face flashed, and he immediately said seriously: "Okay, boss, we will try our best to complete the task."
After the acquisition team left the villa, William Chen returned to the upstairs bedroom, where he met Fan Bingbing who was waiting for him.
When William Chen came to South Korea from New Zealand, Fan Bingbing had already set off from China and came here first to wait for him.
"How are you, baby."
When William Chen entered the bedroom, Fan Bingbing was wearing home clothes sitting on the sofa looking at his phone, he sat next to Fan Bingbing, put her in his arms, and asked.
Fan Bingbing was swiping Weibo before, she looked up at Chen William, put her head on his shoulder, and said:
"It's okay, as far as the body is concerned, it feels okay, and now I wear looser clothes, and I can't see it. It won't work after a while, you see..."
While speaking, Fan Bingbing took the mobile phone and showed Chen William a report inside.
Chen William glanced at it. It was a Weibo of an unknown entertainment tabloid reporter. The photos posted in it were private photos of Fan Bingbing that were taken at an unknown time. It should be the text accompanying this Weibo not long ago, saying The only thing is that Fan Bingbing has not started work for a while, and has become a little fat...
Uh, that's not too bad, anyway, it's not that she didn't gain a little weight before, or she was called "Fan Xiaopang".
However, Chen William would never say such words:
"It seems that there are quite a few paparazzi who follow you. Don't go back to China. Where do you want to live for a while, baby."
Fan Bingbing thought about it and said:
"How about France? Do you remember, we've been there together before, and I've been to Cannes a few times before, so I'm familiar with it."
"Well, I'm afraid that because you've been to Cannes a few times, it's well-known and easy to recognize."
In fact, William Chen's real first reaction was that he had gone to France anyway, so he would get together there, but that's fine. It's also convenient when you go to visit yourself. You can see three people in one trip, eh, three pairs of mothers and children or mothers. Female……
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