Chapter 299 Capital gathering, join if you can’t beat it

Donghai High-tech Zone, Baile Golf Club.

Today, several investment companies from Donghai held an event at Baile Golf Club.

Very common activities are to play ball, eat and drink, and then talk about business.

It is very common for senior executives of investment companies to invite clients over to play golf and discuss cooperation.

Today's round was organized by Chen Lipeng.

The one with the best relationship with Pengcheng Capital is Dingsheng Capital.

The largest shareholder of Dingsheng Capital is named Feng Yuhai, who is also the chairman of Dingsheng Capital and one of the most famous figures in Donghai Investment Bank.

Feng Yuhai will celebrate his 60th birthday next year. In his early years, he was a partner with Chen Xingye, the father of the Chen family.

Later, Chen Xingye retired and handed over Pengcheng Capital to Chen Lipeng.

Therefore, strictly speaking, Feng Yuhai can be regarded as Chen Lipeng's uncle.

Of course, Feng Yuhai would not put on such a show, there is no need.

Moreover, Feng Yuhai is also cultivating successors, so he brought his son Feng Yunbin to this golf party to get to know the senior executives of major investment companies in the East China Sea.

"Feng Yunbin, my son, has just returned from studying for an MBA abroad. Bosses, please take good care of me in the future."

"Master Feng is really a talented person." Several investment bank bosses complimented him with a smile.

Wearing gold-rimmed glasses, Feng Yunbin smiled and shook hands with the investment bank CEOs present, showing very thoughtful etiquette.

Moreover, when shaking hands, you can accurately call the other party's name and position. It is obvious that you have done your homework before coming.

"Nowadays, the world is dominated by young people, and top MBA students who have returned from overseas are different." Chen Lipeng also studied MBA abroad before coming back to take over Pengcheng Capital.

If you look carefully, Chen Lipeng can take over Pengcheng Capital and run it well, which is already a success.

Feng Yuhai chuckled and complimented: "Yunbin, you should learn more from Mr. Chen, Mr. Chen is your senior brother."

"I have read Mr. Chen's classic investment cases and I admire them very much." Feng Yunbin cupped his hand in a very humble manner.

Chen Lipeng waved his hand quickly: "I don't dare to take it, I don't dare to take it."

Feng Yuhai took his son and introduced him to the CEOs attending the event. Then he and several investment bank CEOs who worked closely together gathered in a private room to drink tea.

He was the first to speak: "Mr. Chen, this acquisition of Dachuan Audio was not very successful."

Although the current financial problem of Dachuan Audio has not been completely solved, it has turned a profit with the sales of the Sichuan series.

If nothing else happens, Dachuan Audio is unlikely to go bankrupt.

Therefore, Pengcheng Capital and Dingsheng Capital’s initial plan to swallow up Dachuan Audio naturally failed.

Speaking of this Dachuan Audio acquisition case, we must mention the relationship between Pengcheng Capital and Dingsheng Capital.

The two investment companies have had a deep cooperative relationship in their early years.

Moreover, they hold shares in each other. The Chen family owns 9.7% of the shares of Dingsheng Capital and is the third largest shareholder.

Feng Yuhai also owns 6.2% of Pengcheng Capital and is the fourth largest shareholder.

Therefore, the two families belong to a relationship where one is prosperous and both suffer losses.

In the financing plan of Dachuan Audio.

Pengcheng Capital and Dingsheng Capital did not want to take over Dachuan Audio from the beginning. The project to invest in Dachuan Audio followed normal investment procedures.

Chen Lipeng personally visited Dachuan Audio's factory and felt that it had good potential, so he decided to invest in Dachuan Audio.

However, when signing the contract, Pengcheng Capital and Dingsheng Capital played some tricks and left a clause that was beneficial to the investors.

Originally, it was possible for this kind of clause to be discovered by the other party's legal affairs and then require the contract to be re-drafted.

In other words, this clause was deliberately made by Pengcheng Capital and Dingsheng Capital at the beginning to protect the interests of investors, and this clause may not necessarily be used.

This clause stipulates that investors have the right to withdraw capital, and the amount of liquidated damages is very small.

If Dachuan Audio's legal affairs objected to this clause at that time, Chen Lipeng would agree to the modification.

As a result, Dachuan Audio's legal department did not find any problems and signed the contract.

If this financing plan goes smoothly, this clause will not actually take effect.

Until the first phase of funds was received and Lu Jianchuan purchased a new production line, everything went smoothly.

…

It was not until the "Singing Out Loud" project that Pengcheng Capital suffered a loss.

In order to stabilize the company's shareholders, Chen Lipeng temporarily decided to eat up Dachuan Audio to regain its blood, which led to the subsequent rupture of Dachuan Audio's capital chain.

Feng Yuhai of Dingsheng Capital was also involved in the whole incident.

Therefore, not eating the fat piece of Dachuan Audio was a big loss for Feng Yuhai.

After all, for capital, if you don't make money, you lose money.

Now, Feng Yuhai once again brought up the acquisition of Dachuan Audio, which immediately made Chen Lipeng's face look a little ugly.

"Dachuan Audio has turned a profit, which is also unexpected." Chen Lipeng explained dryly.

Feng Yuhai is older than Chen Lipeng, so he has a bigger airs, and he doesn't even mind embarrassing Chen Lipeng verbally:

"Mr. Chen has failed several projects in a row during this period, and all of them were lost to the same person."

Of course Chen Lipeng knew what this meant.

In the "Sing Out Loud" project, the money was lost because of Fang Xing.

When it came to the Dachuan Audio acquisition case, it failed because of Fang Xing's interference.

Chen Lipeng's expression was a little ugly, and he replied expressionlessly: "The opponent is indeed difficult to deal with. Mr. Feng, don't just let me charge into the battle. When can I do something?"

Feng Yuhai laughed, lightened the atmosphere, and said: "Yes, it is indeed difficult to deal with opponents. In the field of music, it is indeed normal to be unable to defeat the opponent.

"When investing in a record company, you still have to rely on your work to speak for itself. This guy named Fang Xing is really capable in music.

"Our opponents have strong points and we have to admit it.

"Originally, I just thought that he was difficult to deal with in music. If the battle was brought to business, he wouldn't be able to do anything, right?

"Who would have thought that he could use songs to revitalize Dachuan Audio? It really broke my business thinking.

"It's not surprising that Mr. Chen can't beat him. After all, it's a once-in-a-century company that can continuously produce hit hits in music, film and television."

Because Feng Yuhai is the fourth largest shareholder of Pengcheng Capital.

When Pengcheng Capital loses money, he loses money.

Therefore, when Pengcheng Capital and Ark Culture were competing in the arena, Feng Yuhai was always paying attention.

This time, Dachuan Audio relied on a song to make the brand "Chuanliu" famous instantly.

It really broke their original business thinking.

Chen Lipeng's expression was still ugly, his eyes were lightly closed, and he changed the topic and threw the problem to Feng Yunbin: "Mr. Feng came back from studying for an MBA abroad and is a young man. What do you think of Fang Xing and Ark Culture?"

Feng Yunbin glanced sideways at his father, and after receiving permission, he said with a smile: "Actually, the thing is very simple. The one truth that will never change for investors is, don't struggle with money. If you can't beat it, just join. It's such a simple thing.

"

If you can't beat it, join.

This is indeed true, but after hearing it, it feels like I haven’t heard it at all.

Chen Lipeng chuckled and said: "What do Mr. Feng mean by this? Are you ready to cooperate with Ark Culture?"

Feng Yunbin smiled and continued: "I checked the equity structure of Ark Culture before. This company is a wholly-owned company of Fang Xing and has not conducted financing.

"The scale of Ark Culture is not large now, and its valuation is not high. Now is the best time to enter the market.

"For a company to be able to produce dozens of chart-topping songs and two hit TV series in a row is definitely not just luck.

“So, it is better to be a partner than to be a rival with Ark Culture.

"I have calculated that the current valuation of Ark Culture will not exceed 300 million, but in a few years, it will be difficult to say.

"In other words, this is a unicorn."

Chen Lipeng frowned, shook his head and said, "If you want to invest, you must be willing to accept investment."

Feng Yunbin shrugged and said: "It depends on the abilities of the bosses. If Ark Culture doesn't want to raise funds, we can find a way to let him do it."

Several other investment company CEOs present were suddenly thoughtful.

Chen Lipeng frowned, shook his head and said: "I know the economic situation of Ark Culture very well. Their main revenue comes from copyright income from songs and TV series.

“And these incomes do not require high costs.

"The songs and TV series were produced by Fang Xing himself. The investment in the TV series was only 30 to 40 million, and he was not even willing to accept investment from other film and television companies.

"In this case, Ark Culture does not need financing at all."

usually.
To be continued...