The penniless son of the penniless ...

Chapter 350: No hype target? Then we'll make one ourselves (more)

"KaKao Talk currently has more than 400 million registered users in Korea, covering more than % of computer users in the country! And according to the current trend, this number of registered users will continue to grow as computers become more popular, and it is only a matter of time before it exceeds million!"

"Oh, my god! Zhang, are you kidding? Are we really going to acquire an Internet company and then hype it up as a rising star in the Internet industry?!" Even Leon John, who had seen many big scenes, felt a little dizzy at this moment.

I have never seen or heard of any financial institution hyping up its own products and companies as a gimmick to drive up stock prices! After all, they all know very well that once this "financial game" collapses, the hyped company and product will definitely not have any good results. It is a blessing in disguise that it ends up in a mess.

"Of course I'm serious! And judging by the 'eyeball valuation method' there, the registered users and market share of KaKao Talk, an instant messaging software, are definitely comparable to Yahoo, because it has no competitors in the whole of Asia!" When he said this, Zhang Junfeng smiled brightly, with unprecedented confidence in his eyes.

"And in my mind, the KaKao Talk account can also be the online exclusive ID or the Internet master key for many Internet users. It can be used to represent the identity information of netizens, and can be used to log in to browse different websites, register games, make purchases, etc."

"According to the current development progress of Nexon, they have successfully linked and bound the KaKao Talk account with all the games they have developed previously. All game players can log in to their exclusive accounts by logging in with their KaKao Talk accounts!"

At this moment, Zhang Junfeng was full of thoughts, and he quickly briefly talked about the "cool operation" of the previous Penguin Company using little penguins to connect a series of games and various entertainment software of its own.

After calming down, Leon John, who was still a little worried and unbelievable, pondered for a while and found that the plan mentioned by Zhang Junfeng was highly feasible. After all, as a flagship product of an Internet technology company, the data on registered users and market share can still be so impressive. This alone does have the key information for hype!
After all, as a veteran in the investment circle, Leon John is naturally quite aware of how deep the waters of the Internet technology industry are. To be honest, the profitability of many Internet technology companies on the current Nasdaq index in the United States is not very impressive, and they just rely on a series of market share and registered user data to embellish their performance reports.

Since those shady financial institutions can package dog shit as gold, then they are definitely conscientious people who package silver as gold! At least Zhang Junfeng's KaKao Talk account has good data, and the sales of game software linked to it are also quite good, so the overall profitability is much more decent~!

……

After more than 20 minutes of telephone communication, Zhang Junfeng and Leon John quickly reached a new consensus. Next, Comet Capital will directly acquire a listed Internet company in Korea and use it as a shell to insert KaKao Talk's R&D and operation and maintenance team into it.

Once all this is completed, they will start hyping the new Internet technology company according to the previous plan. In addition to increasing the stock price, they will also use domestic and foreign media channels to report on it, causing a huge entertainment effect.

...After hanging up the phone, Zhang Junfeng felt relieved. Just when Leon John told him the breaking news that New Data Technology Company refused to cooperate, he was so angry that he almost wanted to smash the phone! You know, I was able to successfully persuade Nacho Morgan to help me, and I owed him a big favor.

Fortunately, I had a flash of inspiration and thought of an alternative solution. If I could successfully acquire an Internet company as the main body of their plan, the rest of the things would be much easier.

In order to implement the action of acquiring the listed Internet company as soon as possible, Zhang Junfeng directly called Wu Mingxi and asked him to bring his skilled elite lawyers to Comet Capital in the afternoon to discuss the new company acquisition plan.

Wu Mingxi was also very excited when he learned that Comet Capital was about to start a new round of corporate acquisitions. Mingren Law Firm had gained great exposure and fame because it had participated in many corporate acquisitions led by Comet Capital. Later, it also attracted many corporate executives to consult on business, and some even hoped that they could help guide or even act as agents for corporate mergers and acquisitions.

However, when Wu Mingxi and the elite lawyers learned about part of Zhang Junfeng’s plan, the previous excitement quickly faded, and what followed was that the operation was quite difficult, even a little tricky!
According to the conventional process of acquiring a listed company, in addition to the preliminary preparations, it is necessary to sign a framework agreement, due diligence, investment decision-making, and sign a formal investment and merger agreement. It is also necessary to deal with subsequent merger and acquisition matters and wait for official approval.

It would be impossible to complete this whole set of tedious procedures without several months. This was far from Zhang Junfeng's requirement of acquiring a listed Internet company within half a month, which shows how difficult it was.

……

After hearing the news that the progress of the acquisition of the listed company would be extremely slow, Zhang Junfeng was a little annoyed. "I can't wait that long. According to current estimates, the hot market for Internet technology companies in the United States will only last for a few months at most. As for whether it can continue next year, no one can guarantee it. If it drags on for so long, then the acquisition will be meaningless!"

Seeing the unhappy look on the face of the big boss Zhang Junfeng, Wu Mingxi quickly recalled the possible flexible operations. After communicating and confirming with the elite lawyer beside him, he slowly said, "The conventional acquisition method has too long a cycle and may not meet your expectations. We may be able to use another way to achieve the same goal!"

"According to the financial laws of Korea and the relevant regulations for listed companies, listed companies can obtain more funds for turnover and research and development of new projects through financing. One of the financing methods is equity financing, which is mainly carried out through issuing stocks and stock exchange mergers and acquisitions. The issuance of new stocks will not only not increase corporate liabilities, but will also dilute the holdings of original shareholders!"

"Before that, we only need to acquire the shares of some shareholders, and then cooperate with equity financing operations to complete the control of a listed company in a very short time!"

(End of this chapter)