The wealthy entrepreneur: I want to support millions of employees!.

Chapter 971 Negotiation Successful! I feel like I lost over a billion in just one morning!

The next day, Su Yang received news that Liu Fei and You Jun had officially met with Alibaba's wholly-owned subsidiary, and that Jufan Holdings had officially joined the competition to acquire Gaoxing Retail!
Just as Su Yang had "guessed," it was indeed not necessary to offer two or three hundred billion; offering 12.5 billion RMB was enough for them to continue negotiating!

However, Su Yang still managed to get Liu Fei to insist on 12.5 billion!
There are quite a few companies vying with Jufan Holdings for Gaoxing Retail, but very few can offer such a high price of 12.5 billion yuan. Su Yang is quite confident about this price.

On the banking side, Su Yang and Jufan Holdings have excellent credit.

Over the years, Su Yang and his company have had sporadic loans from various banks, and their subsidiaries also have debts, but Jufan Holdings and its subsidiaries have never defaulted on their repayments.

Moreover, although Su Yang's subsidiaries are not listed, most of them are developing quite well and have very low debt!
In addition, the combined assets of Jufan Holdings and Yuanshi Private Equity, totaling over 10 billion yuan in private securities funds, and the fact that the acquisition target, Gaoxing Retail, is a Hong Kong-listed company, make the banks feel more at ease!

After all, RT-Mart, a brand under Gaoxing Retail, is no unknown entity. This brand supermarket has annual sales of over 70 billion yuan and ranks second in the supermarket category of the top 100 chain stores in China, second only to Walmart.

Although its performance has declined somewhat in recent years, it is still one of the top five chain supermarket leaders in China!

Although this company is losing money and has been impacted by e-commerce, no one can deny that it is still of high quality.

Moreover, Su Yang has maintained good relationships with various banks over the years, and given the large amount of bank deposits, they are eager to extend more loans.

Then Su Yang spoke with the official leaders, hoping to gain their support...

Before long, several banks were brought together by Longyin, including not only major banks but also debtors from several local banks!

At this point, Su Yang also learned more about Gaoxing Retail!
This company had revenue of 351 billion yuan and net profit of 1.87 million yuan in the second half of last year. This was probably after cost reduction and efficiency improvement, in order to get a good price for the company... However, the net profit margin was still very pitiful.

In addition, Alibaba Group sold this company because they wanted to focus on their core e-commerce business!

But none of that matters anymore. If Su Yang valued profits, he wouldn't have bought from this supermarket.

He values ​​his employees the most!

By the end of December, Su Yang received good news from Hangzhou: Alibaba Group had agreed to Jufan Holdings' offer of 125 billion RMB.

There's not much to say about it; whoever offers the highest price, that's the one they're more willing to sell to!

However, the specific method of payment for the acquisition is still under negotiation.

Su Yang's requirement for Cheng Wenhuo, Liu Fei, and others was to make payments in installments as much as possible.

The longer it drags on, the better. We're willing to pay more interest, since time is on his side!
At the same time, Cheng Wenhuo also told Su Yang that Gao Yuanshan, the general manager of Hongyin Capital, wanted to invite Su Yang to dinner!

Hongyin Capital is Su Yang's biggest competitor in this acquisition of Gaoxing Retail!
Without Su Yang's intervention, this company should have been able to acquire Gaoxing Retail for 120 billion!

This company is actually a local Hangzhou company, somewhat similar to Yuanshi Investment. They also started with private securities funds and were founded around 11. However, in recent years they have begun to venture into private equity funds.

Su Yang didn't know much about this company, only that it had a background with a major American private equity firm!

In recent years, foreign private equity funds have been quite active, and a significant portion of the capital that has acquired Yida Group's physical assets has come from overseas!
The money they used to acquire Highstar Retail was from private equity funds.

Su Yang thought about it for a moment and agreed. It was just something that happened on the side, and it was good to get to know more people!
Moreover, he was quite satisfied that Hongyin Capital did not continue to raise the price.

At present, there are not many people who dare to spend tens of billions to acquire a company!

By the end of December, Su Yang also received good news: eight banks had agreed to lend money to Jufan Holdings and Yuanshi Investment!

After the dinner, Su Yang led his team to Hangzhou. After further negotiations, the two parties finally reached an agreement: Jufan Holdings would pay a signing fee of 10 billion yuan upfront, and after due diligence and approval, Jufan Holdings would pay a second installment of 60 billion yuan.

The remaining 55 billion will be paid in January next year, at which time interest will also need to be paid!
This remaining payment can also be used to cover potential liabilities of Highstar Retail!
This is a mess left behind by Hongyin Capital. The company has very strong cash flow, and Alibaba Group also hopes to recover cash as soon as possible. In order to compete with them, Su Yang had no choice but to authorize it!
After the negotiations ended, Su Yang finally breathed a sigh of relief... He had finally succeeded!

"Congratulations, Mr. Su!" Zhou Min, general manager of an Alibaba Group subsidiary, smiled and shook hands with Su Yang. "Congratulations on acquiring this domestic supermarket giant!"

Thinking about the current funding gap, Su Yang said with some helplessness, "Congratulations on getting rid of this burden!"

"High Star Retail is definitely a great company!"

"Yes, yes! I believe it too!"

Su Yang nodded, not wanting to comment further.
Thinking of the more than 100,000 employees, he became happy again.

But then he thought about how Gaoxing Retail used to have more than 130,000 employees, and now it has been reduced to just over 100,000, and he felt a bit of a headache... His 30,000 employees!

Alibaba has been somewhat unethical, no wonder its e-commerce business has been eroded by Douyin, JD.com, and Pinduoduo!
"Our CEO Ma has heard about CEO Su's situation and is very interested in you, CEO Su!" Zhou Min said politely. "CEO Ma said he'll treat you to dinner when he returns to China!"

"Your big boss?"

"Correct!"

"Okay!" Su Yang nodded. "I also look forward to his return to China!"

"By the way, we will announce the results of this acquisition negotiation tomorrow!"

"it is good!"

The next day, when Su Yang woke up, he received several WeChat messages.

He opened his phone and immediately saw a message from Jiang Yuzhen.

Alibaba Group announced this morning that it will sell 78.4% of its stake in Gaoxing Retail to Jufan Holdings, causing Gaoxing Retail's stock to plummet 10% at the opening!

Hmmm...does the market have so little confidence in him?
Su Yang scratched his head, replied "I understand," then silenced his phone, snuggled into Natalia's arms, and playfully pinched Yu Chengjun's little pigeon!
Who cares?
He hasn't had enough sleep yet!

He was so happy yesterday that he paid for a celebration banquet at the hotel out of his own pocket, then took his employees to a bar and partied until the early hours of the morning before returning to the hotel. After that, he played a very enjoyable friendly match with Yu Chengjun and Natalia... I don't know how long it was before he finally went to sleep!

Not long after, Yu Chengjun and Natalia woke up one after the other.

They both glanced at Su Yang, then looked at each other, and finally just smiled knowingly.
They might have been more conservative before... but now Su Yang has trained them to be more mature.

When Su Yang woke up at a little after ten o'clock, everyone was gone.

He casually checked the stock price of High Star Retail... Sure enough, it's a Hong Kong stock, it's fallen by 20%!
High Star Retail's total market capitalization has fallen below HK$20 billion!

"Uh……"

"what happened?"

Wearing his pajamas, Yu Chengjun brought Su Yang a glass of warm water!
Su Yang drank half a glass of water, handed the glass to Yu Chengjun, and then lay back down on the bed. He stared at the ceiling and sighed, "It seems like in just one morning, I've lost over a billion Hong Kong dollars..."

(End of this chapter)