The entertainment empire began with Liu Yifei's premarital pregnancy.
Chapter 207 News from MIH Company: Chen Jinfei Visits
"You want me to beg Lin Bufan?"
After hanging up the phone, Chen Jinfei felt somewhat unwilling.
What he couldn't understand the most was, Lin Bufan was just a director in the entertainment industry, how could he have such great power?
But Director Chen has already said that, and the two have been friends for many years.
"Well, I guess I'll have to ask them for help."
Chen Jinfei couldn't swallow this insult, but he knew what he should do now to be in his best interest.
For the sake of the company, he would be willing to kneel down before Lin Bufan, let alone beg him.
…………
"Boss, it's me!"
Lin Bufan heard the phone ring and answered it casually. Xu Hongfei's voice came from the other end of the line.
"What is it?"
"Boss, we have news from MIH!"
"Oh? What do you mean?"
Lin Bufan's eyes lit up upon hearing this.
"Now, the news is confirmed: MIH Company is indeed preparing to sell some Tencent shares, but the amount is not the previous 5%..."
"How much is that?"
Lin Bufan felt a surge of excitement.
"It's 7%!"
"Boss, should we still make a move to take it over?"
Tencent's current market value is HK$30 billion, which is more than US$2 billion. This 7% stake would cost hundreds of millions of US dollars, almost US$300 million to acquire.
There are two main reasons why MIH chose to sell some of its Tencent shares now.
The first reason is that MIH's investment in Tencent has already yielded returns of more than ten times. Moreover, MIH is only preparing to sell 7% of its shares, not all of them.
Tencent's largest shareholder is MIH, which owns more than 50% of Tencent's shares.
Of course, shares are shares, but voting rights are firmly held by Tencent.
Despite holding more than 50% of Tencent's shares, MIH only has less than 20% of the voting rights.
The second reason is that Tencent's market value dropped to some extent half a month ago. MIH's sale of some shares is probably also to prepare to recover the principal first.
Over the years, MIH has invested nearly $3 million in Tencent.
Perfect timing! MIH can recoup the funds from the sale of 7% of Tencent's shares, and the remaining Tencent shares will all be net profits. There's no need to worry about whether Tencent's market value will decline in the future.
After asking the question, Xu Hongfei was also somewhat worried.
After all, this acquisition involves hundreds of millions of US dollars, and Zhewei Capital doesn't have that much capital. He also doesn't know if the boss can come up with that much money.
"No matter the price, we have to get it!"
Lin Bufan gave Xu Hongfei a direct order to kill.
He has pledged his AMC Theatres shares to Morgan Stanley to secure an $8 million loan, specifically for the purpose of acquiring Tencent shares.
"Yes, boss!"
After hanging up the phone, Lin Bufan pondered in his mind.
7% of Tencent's stock will be worth tens of billions of US dollars in the future. Just with this share, Lin Bufan could live a life of ease.
The only downside is that MIH doesn't have much voting power in Tencent to begin with, and these 7% of shares probably won't account for much of the voting power.
But it doesn't matter anyway. He never intended to interfere with Tencent. His only goal was to make money.
If you can increase your influence while making money, that would be even better.
……
"Boss!"
"The receptionist said that there's a guy named Chen Jinfei downstairs who wants to see you."
Bai Bing knocked on the door and came in to report to Lin Bufan.
"Chen Jinfei, who is of common trade?"
Lin Bufan looked up at Bai Bing.
"It should be!"
Bai Bing nodded slightly. Although she had never met the other person, she could be pretty sure it was him just by hearing the name.
"What does this old man want from me at this time?"
After a moment of doubt, Lin Bufan nodded to Bai Bing: "Let him come up!"
"Yes, boss!"
Watching Bai Bing turn and leave, he wanted to see what this old man was up to after coming to find him.
Soon, Bai Bing led Chen Jinfei into Lin Bufan's office.
"President Lin!"
Before entering, Chen Jinfei mentally prepared himself, and the moment the door opened, he looked at Lin Bufan with a big smile.
"Oh, it's General Manager Chen!"
Lin Bufan casually glanced at Chen Jinfei as he entered: "Mr. Chen, what brings you to my humble abode?"
"Mr. Lin, what are you saying? If this place is a small temple, then there are no big temples in the entertainment industry..."
Chen Jinfei looked at Lin Bufan with a smile.
"Mr. Chen, there's no need for further explanation between us; we both know each other perfectly well!"
Lin Bufan waved to interrupt Chen Jinfei, too lazy to chat with him: "Tell me why you're here!"
"Mr. Lin is very outspoken, so I'll be frank too!"
As Chen Jinfei spoke, he sincerely apologized to Lin Bufan: "President Lin, it was my fault regarding what happened online. Please don't hold it against me. I promise I won't make this mistake again. I just hope you can forgive me!"
"You want me to let you go?"
Lin Bufan frowned and looked at Chen Jinfei.
"We hope that Mr. Lin will be lenient and withdraw his complaint against our company!"
Chen Jinfei looked at Lin Bufan seriously and nodded.
Upon hearing this, Lin Bufan carefully examined the other party: "I will consider this matter. If President Chen has nothing else to do, I still have some work to take care of."
"In that case, I won't bother you any longer, Mr. Lin!"
Chen Jinfei said goodbye to Lin Bufan and left.
"Xiaobai, what happened with the report?"
After Chen Jinfei left, Lin Bufan called Bai Bing in and asked her some questions.
Initially, Lin Bufan asked Bai Bing to report Chen Jinfei's company just to annoy him, without thinking it would have much impact or consequences.
This is basically the case in the real estate industry. If whistleblowing were effective, countless real estate companies would have gone bankrupt.
But Chen Jinfei just came to my door in person and apologized to me. Obviously, he would never have come to apologize and admit his mistake unless he was forced to do so.
"Boss, I don't know either..."
Bai Bing shook his head blankly.
She was simply following Lin Bufan's instructions to send people to report the matter, except that she arranged for more people to report it and also spread some negative comments about Chen Jinfei's company online.
Could it be...?
Lin Bufan's heart stirred, and he suddenly thought of a possibility.
Logically speaking, even if he is a well-known director at home and abroad, since he did not personally file a formal complaint, it would not cause much harm to Chen Jinfei.
But if it involves the underlying relationships, then it's very possible.
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