doomed in dream

When Lao Sun called in a little panic, Chen Jiuqi's first headache was how to avoid the eyes of the two bosses in a calm and breezy manner, and let them read the article before glancing at the screen. The interface is switched from the mobile phone to the background.

But the news does sound a bit more headache--

"Leader, Mr. Yan doesn't support mergers and acquisitions, what's the matter?"

Mr. Yan, Chen Jiuqi knew instantly that he was the chief risk officer of the CRO, President Chen's big apprentice.

Old Sun is really cute, he has changed his name in an instant, it seems that he finally knows who the next person to talk about is, and it is very likely that Mr. Yan or her secretary is at Old Sun's side.

"It's okay." The sniping was successful. Chen Jiuqi didn't need the support of the people below the most. "You ask Mr. Yan to call me when you are free."

There was silence for a while, and soon the old grandson's voice sounded again: "Mr. Yan said, she will come over to your place soon."

Chen Jiuqi gave Lao Sun the address of the teahouse, and ended the conversation with the two executives as quickly as possible. After seeing off the guests, he called the junior sister who accompanied her to help her push the wheelchair to the door.

This kind of teahouse is called a teahouse. It is essentially a clubhouse, which is convenient for various negotiations. Naturally, it is not a no-stop area outside but an open-air parking lot.

Mr. Yan's car is an Escalade. When she got off the driver's seat, Chen Jiuqi glanced at the interior, but it was very stylishly modified.

The other party was close to forty years old. Compared with the old Sun's unavoidable fear on the phone, she didn't look so serious, but she was not very close.

"Hi Mr. Yan, sorry for the inconvenience." In this situation, we should treat each other with courtesy, but it is really a drag on our legs.

Mr. Yan said "hmm" and sat down directly: "I haven't visited before, I'm sorry."

"Boss Yan is in charge of corporate risks, not the artist department, so don't apologize."

"But forget it, it's meaningless to talk about it now."

Chen Jiuqi guessed that Mr. Yan might have remembered that he was also the daughter of her master, and Yuqing had to come and visit. This is indeed Mr. Yan's inappropriate favor, but he just knew it. Chen Jiuqi didn't have to worry about it. , If you can get some cheap money, you can get some, if you can't get it, you still have to convince the other party with a real fight, so I started the conversation: "What doubts does Mr. Yan have about this merger?"

"What do you think are the risks of acquiring Lijin?"

"In terms of financial risks, there are three processes of valuation, financing and subsequent integration." Chen Jiuqi did not hesitate, "However, I don't need my project team to solve the part of financing and subsequent integration.

Then let’s talk about the most critical valuation. The value of Lijin Pictures continues to rise. According to its usual investment bank, the estimated price-earnings ratio should be at the tens of billion level.

Emei is also a company in the same industry. Compared with us, Lijin has unstable cash flow, low capital turnover rate, and great debt repayment risk. "

"So I am against mergers and acquisitions, and you should understand."

Boss Yan narrowed his eyes, as if he wanted to see clearly what Chen Jiuqi was planning in his heart even though he knew the risks were great.

"The valuation of the investment bank that it presents now is one thing, but the valuation at the time of the merger is another matter. It can't decide by itself, and the initiative is generally with us." Chen Jiuqi pursed his lips, keeping his smile under control. In a modest arc, "the financial risk of valuation mainly comes from information asymmetry. As the acquirer, Emei needs to obtain relevant information about Lijin, the acquired party, to make decisions, and Lijin obviously will not actively disclose its information. Unfavorable elements, so when the information obtained by Emei is insufficient, it is easy to overestimate its value, so as to obtain less returns at an excessive cost—but Mr. Yan, we don’t know all about those things now ?"

Mr. Yan nodded, seeing that Chen Jiuqi had no intention of continuing, he said, "How do you plan to estimate? I know you have the ability to win over the appraiser. I know about the IPO."

"Then my answer is the VAM agreement, Monte Carlo, and impairment of goodwill."

Chen Jiuqi paused for a moment. In fact, he was a little unsure whether to expand on it. Mr. Yan looked shrewd and serious, but the risk model and the valuation model were still a little bit behind. It was hard to say how much Mr. Yan knew.

Fortunately, Mr. Yan expressed his understanding: "In the case of the VAM, if Li Jin failed to meet the performance target, the original shareholders have to give us corresponding compensation, so that this VAM can indeed be regarded as a put option we purchased.

However, based on the level you have shown, using Monte Carlo to calculate option pricing, instead of combining the market method with the binary tree, I can understand that you intend to give a high valuation, and then get it back in the subsequent goodwill impairment It seems that you are not generally bearish on Li Jin. "

"Well," Chen Jiuqi smiled and pointed at his leg, "it's worth it."

"Then I understand that we will adopt an indirect payment combining cash and shares, so that the risk of goodwill impairment will have little impact on Emei." President Yan said calmly, but with a lot of information, "You are not what I imagined."

"It's a great honor for you to support the project team's plan." Chen Jiuqi toasted a cup of tea, "Are you worried about my revenge?"

Mr. Yan accepted the offer of tea, but shook his head at Chen Jiuqi's question: "I never asked you whether the acquisition of Lijin is beneficial to us. Its distribution side and film and television drama resources are complementary to Emei Entertainment. There is no doubt about it. Of course I know that your attack and acquisition of Lijin are very sensible from a business point of view.

So when you talked about financial risks, I didn’t change my opinion, because in fact, Lijin’s ethos of pouring water from top to bottom, covering mouth, and eager for quick success, in my opinion, has nothing to do with Emei’s philosophy, style, and characteristics of the audience. , I would be more worried if you forgave them so humbly because of business sense. "

"You have to believe that I chose Emei precisely because there are people like Mr. Chen and you at the helm."

"If you said it before, I might take it as flattery." Mr. Yan also had a little smile on his serious face, "But I believe now that if you just want to vent your anger, without Emei, you are at most contacting other industries Spend more time on the battle, follow-up work, at least I don't come to trouble you."

Chen Jiuqi didn't agree: "It's the right time, place and people."

After sending Mr. Yan out, Chen Jiuqi relaxed even more. He just felt that the little junior sister who was pushing the wheelchair behind him let go of the grip, so he turned around and said with a smile: "Junior sister also thinks our conversation is boring, right?"

Well, Chen Jiuqi caught a version of Qu Fengyang with sunglasses and a mask hanging in the air with his hands hanging in the air, and a junior sister who retreated far away showing embarrassment.

"What are you doing here?" Of course Chen Jiuqi easily let his junior sister go, so as not to make it difficult for her to be caught in the middle, but Qu Fengyang is not worth it.

The other party didn't show any embarrassment, but pushed the wheelchair naturally as if nothing happened: "Go back to recover?"

"Are you free to do?" When he asked this sentence, Chen Jiuqi, who was rude, had already pushed away Qu Fengyang, who was even more rude.

"No, oh yes, I met a variety show director recently, as long as you recover well, we can go to his show together later."

Chen Jiuqi stated: "I'm already busy with my own business, thank you for not appearing in variety shows."

Qu Fengyang said "hmm": "Then what are you busy with?"

In an instant, an electric current ran through his back, and the hairs all over his body seemed to explode. Chen Jiuqi belatedly realized the danger of falling off the horse.It can only be said that if you have not lost your horse until now, it is really a lucky result——

First of all, as long as Qu Fengyang knows what Chen Jiuqi is doing now, it is basically equivalent to her knowing that Chen Jiuqi came from reality just like her.But to expect her not to know what Chen Jiuqi is doing, the following prerequisites need to be met:

1 When Chen Jiuqi was in a coma, Qu Fengyang and President Chen had already gotten close, and they had apparently reached a consensus to take revenge on Dingliu and his manager together, but President Chen did not tell Qu Fengyang about Chen Jiuqi's real movements;

2. The sisters who were in charge of protecting Qu Fengyang, and the junior sister who followed Chen Jiuqi recently, although they were both good at chattering and watching the excitement without taking too much trouble, kept tight-lipped and never communicated with each other;

3 Despite several uninvited surprise pick-ups, Qu Fengyang never doubted whether Mr. Yan and the people in the Chen Jiuqi project team were engaged in entertainment projects, and they also had extremely high personal integrity, and never heard of corners.

Ah, Chen Jiuqi could never believe that he was such a lucky person.

She wanted to observe Qu Fengyang's expression and test it out: "Last time you said something about fried chicken buns, so you usually like watching anime?"

"I'm an old Two-dimensional."

"Then is there anything new recently? We can chase it together, not the kind where you already know the plot completely."

Qu Fengyang stopped suddenly, and Chen Jiuqi looked back at her, but she suddenly leaned over and hugged her, her chin rested lightly on Chen Jiuqi's shoulder: "It's been a long time since we watched together."

Chen Jiuqi hadn't had time to react, but she felt a heavy drowsiness. This time, after she lost consciousness, she didn't have the feeling of traveling back to reality, but she was shuttled in the revolving lantern scene.

The clip is very reasonable and realistic, and the standard of betting is very high. Of course, Li Jin's boss is a little apprehensive, but looking at the inflated valuation, he is thinking that getting half of the purchase price will be enough.

Qu Fengyang's team that had been guiding the traffic to block the public prosecution, but detonated it during the critical period of the negotiation, which made Chen Jiuqi's negotiation more comfortable, and even directly made Lijin give up the traffic.

The reason for the public prosecution is also easy to understand. The police investigation was confirmed. The traffic was indeed sober that night, and even had a big fight with the agent, which stimulated the agent's behavior. This greatly exceeded Chen Jiuqi and Qu Fengyang's expectations, but After preparing bodyguards in advance, even if the target is directed at the traffic, it will be fine.

Afterwards, Chen Jiuqi took the bottom line and secretly distributed the potential projects that she thought Lijin could make a profit. In the end, Lijin's top management lost all power and wealth.

The dream world was complete, and Chen Jiuqi breathed a sigh of relief, thinking whether he should trouble Qu Fengyang on the weekend.

The author has something to say:

I gave up, did the comment area trigger some robot or review, I don’t understand, I won’t reply if there is no information