Only after being reborn did I realize how fascinating the world of the rich is.
Chapter 320 Showing Weakness to Competitors (2)
Upon hearing this, Le Mengyao was startled. She looked at him suspiciously and asked tentatively, "Really? You're willing to sell the company you worked so hard to build?"
"What's there to be reluctant about? Everything in this world has a price. The reason why the deal didn't go through is mainly because the money offered wasn't enough. As long as you can afford the money, any deal can be made."
"How much are you willing to pay for your shares?"
"It's too early to say such things now. We need to see how high Wanzhong Media's stock price rises before we let him go public. Otherwise, if my stock price rises too high and the company expands further, he won't have the strength to buy it."
Let me make this clear first: I only want cash, not stock. My company, Wanzhong Media, is a listed company; there's no need for me to exchange my own stock for someone else's.
Le Mengyao nodded, indicating her understanding.
Large-scale sell-offs and acquisitions in the stock market will attract the attention of regulatory authorities, especially abroad, where they can easily be suspected of insider trading or related-party transactions.
In addition, large-scale acquisitions can easily cause a rapid rise in stock prices and lead to stock price fluctuations.
In particular, it would be very troublesome for founder Li Xiaofeng to sell off a large number of shares. Not only would it require prior notification, which would cause the stock price to plummet, but it would also be difficult to sell all the shares he had at once.
Therefore, large-scale stock transactions are best conducted through direct, peer-to-peer trading rather than through the stock market.
Currently, Wanzhong Media's stock price has reached $45 per share, an unprecedented high. This is all thanks to its mergers and acquisitions, the distribution of all net profits, and various forms of speculation that have driven up the stock price.
While Wanzhong Media's acquisition wasn't as outrageous as that of Gage Media, the company's actual value had already been inflated considerably.
More importantly, according to his memories from his previous life, the subprime mortgage crisis in the United States will occur by the end of next year. At that time, even if the company's business is relatively good, the stock price will be severely affected.
He couldn't be happier if someone was willing to come and take over at a high price!
Of course, Li Xiaofeng could not truly give up on Wanzhong Media.
The purpose of selling all his shares was to raise funds for a counterattack. He would buy back his company after the economic crisis hit and the stock price plummeted.
Seeing how casually Li Xiaofeng spoke, showing no reluctance to leave the company, Le Mengyao looked him up and down again before smiling and saying, "Okay, I'll talk to Siqi about it later!"
Then, she couldn't help but ask, "After you sell Wanzhong Media, what are you planning to invest in?"
Li Xiaofeng smiled and said, "Didn't I just ask you? What are the development plans of your Le's Group in the film and entertainment industry recently? I'm planning to make some investments in the film and entertainment industry next!"
Le Mengyao pouted and said irritably, "Do you think I'm a three-year-old? The shares you hold in Wanzhong Media are worth at least several billion yuan based on their current market value."
Can Fang Huiya's Dingdian Film and Television Company afford such a large investment?
"Oh, you may not know, but actually there wasn't that much money. I used my own shares as collateral to get a loan of over a billion from the bank."
In addition, I also own an electric vehicle factory. After I sell my shares, I may invest a portion of them back into the manufacturing industry!
"Manufacturing? You'd give up a perfectly good advertising company to go into manufacturing?"
"Hey, don't underestimate the manufacturing industry. Although the profit margin in manufacturing is not high, it is stable. Moreover, as the national economy continues to develop, the scale of the manufacturing industry will become larger and larger."
Any one of these sectors is worth trillions of dollars. Of all the money I've earned in other industries, only the manufacturing sector can accommodate such a large scale, apart from the real estate sector.
The problem is that the real estate industry is limited by various resources and connections; not just anyone can get involved. You should be aware of this. Speculating on houses is not as profitable as it used to be, and it is also easily subject to policy crackdowns.
Manufacturing is an industry encouraged at both the national and local levels. It not only contributes to GDP and tax revenue but also solves local employment problems. I have no reason not to invest in manufacturing.
Li Xiaofeng spoke very seriously, but Le Mengyao smiled and shook her head, saying, "I don't believe your nonsense. In this world, no businessman would give up a profitable business to do something that doesn't make money."
"I'm not just saying it for show. I own an electric vehicle factory, and two new production bases, one in the south and one in the north, are starting construction one after another. I'm definitely going to continue investing in it!"
By the way, what direction does your Le family plan to develop in next?
Seeing that Li Xiaofeng was speaking very seriously, Le Mengyao couldn't see any flaws in his words, so she could only smile, sigh, and say in a light tone, "To tell you the truth, the Le family hasn't decided on the direction they want to develop yet."
I wanted to continue developing in the film and entertainment industry, but my family wanted to go into real estate. In the end, they were fooled by Qin Wei and invested in Gage Media.
Actually, our Le family doesn't intend to compete with you; we just want to make some money, nothing more. As for development direction, I'd say it's diversified development!
Li Xiaofeng smiled and said in an ambiguous tone, "In business, competition is inevitable. Everyone has their own interests and their own plans, which is normal. Let's make money together by being harmonious!"
I sold my advertising company to avoid conflict. After all, I started from scratch and my family background is relatively small, so I can't compare with the big families like yours who came from the port area.
I can't afford to waste time with you guys, and I don't want to squander a great opportunity to make money over a petty argument.
I had some conflict with Luo Siyuan, the ninth son of the Luo family, before. You know I did it for Xin'er. A man can give up anything, but he can't give up his woman, right?
"Are you really not planning to go back into the advertising industry?" Le Mengyao was still somewhat doubtful.
Li Xiaofeng smiled and said, "You know me, I don't have any background. I come from the bottom. There's a saying that goes, 'A poor man has short ambitions, a thin horse has long hair.'"
Well, I don't have a particular industry in mind, or a choice not to enter any industry. As long as it's profitable and legal, I'm open to any industry.
Of course, this still needs to be considered comprehensively. The domestic economic situation is so good right now; there's plenty of business to be done. There's no need for everyone to crowd together, don't you think?
"That's true, there's so much business to be done in the real estate market alone!"
You'll Also Like
-
Elf: No, it's because he was made the gym leader!
Chapter 151 3 minute ago -
He was taken in by Hiratsuka Shizuka at the beginning and joined her chat group.
Chapter 329 3 minute ago -
Genshin Impact: The Recorder of All Things
Chapter 345 3 minute ago -
A review of the trilogy: Did the emperor only live for ten thousand years?
Chapter 297 3 minute ago -
Immortals of the Mortal World Gather at the Inn!
Chapter 54 3 minute ago -
In the world of "Covering the Sky," one can refine Gu (a type of poison) to become an immo
Chapter 76 3 minute ago -
Good martial arts in the city, many children, many blessings
Chapter 26 3 minute ago -
Tokyo Mystery Writers
Chapter 144 3 minute ago -
The Great Ruler: Reborn as Mu Chen, sweeping across the vast world!
Chapter 27 3 minute ago -
I transmigrated to a chaotic world and became the sole player.
Chapter 266 3 minute ago