Becoming Rich with Daily Scavenging APP-Chapter 361: Privatization
"Of course not." After hearing Chen Yiyang’s question, Cao Wei immediately replied, "Over the years, Sina has had quite a few issues. But the biggest problem is still that Sina, as a public platform, should be fair and just.
But because Sina is a listed company, it has to provide returns to investors. Therefore, Sina faces immense pressure between maintaining fairness and achieving profitability.
So I plan to privatize Sina and delist it from the US stock market, completely freeing it from investor control, allowing Sina to make its own decisions!"
Cao Wei’s words made Chen Yiyang pause for a few seconds.
He didn’t expect that Cao Wei would talk to him about such a significant matter today.
This could be considered a top-level business secret.
If an average investor could get this news in advance, a bit of maneuvering in the stock market could easily earn a lot of money.
Chen Yiyang immediately turned his head to look at Liu Qiangxi.
He couldn’t quite understand why Cao Wei would share such a major business secret with an outsider like him.
Facing Chen Yiyang’s gaze, Liu Qiangxi coughed and then said, "Cao already prepared for many years regarding Sina’s privatization, so there’s no pressure on funding.
But there are some major shareholders within Sina who have strong opinions about this and do not want Sina to be privatized and delisted.
For this reason, Cao hopes to introduce some external independent investors to buy into Sina."
Alright, another talking nonsense.
If Liu Qiangxi ever spoke a single true word, Chen Yiyang would dare to run naked down the street today.
After listening to Liu Qiangxi, Chen Yiyang remained silent for a while before finally speaking, "How much of Sina’s equity does Cao hope I would buy?"
"Around two percent," Cao Wei said.
This number.
Chen Yiyang thought for a moment, then he finally understood a bit.
The funds required for two percent of Sina’s shares aren’t significant, and any domestic investment institution would probably be willing to take them on.
Even though Sina’s portal site has begun to decline, Weibo is still a relatively strong public opinion platform, with Sina holding forty-five percent of its shares.
Under these circumstances, Cao Wei seeking out Chen Yiyang indicates he doesn’t want this two percent share to end up in the hands of some professional investment institutions.
This is because there are many interests involved behind these investment institutions, and their positions can change greatly during negotiations.
Cao Wei hopes to bring in new investors with a clean background, who enter the market just to make money, without too many vested interests.
This would allow him to make decisions directly based on voting rights on major issues without getting entangled with investors.
Thinking further about Sina’s several major businesses at present.
In Chen Yiyang’s mind, a guess started to take shape.
"After Sina is privatized, do you still plan to go public again?" Chen Yiyang directly asked.
Now it was Cao Wei’s turn to be silent.
Silence means this question is difficult to answer or unwilling to be answered.
Chen Yiyang could be even more certain now.
All this talk about maintaining fairness and justice.
The privatization was intended from the start to make money.
Make money how? By going public again!
At present, Sina’s market capitalization is 2.5 billion USD, but the market cap of Sina Weibo it controls is as high as 11.8 billion.
So Sina is completely undervalued in the stock market.
Cao Wei wants to privatize and delist Sina at a low price, and then separately list Sina’s major sectors like finance, sports, and business.
This is the only way to maximize profits. 𝘧𝓇ℯ𝑒𝓌𝑒𝑏𝓃𝘰𝘷𝘦𝘭.𝒸ℴ𝓂
Conservatively estimated, the entire asset of Sina could expand by more than fifty percent.
To achieve this, Cao Wei hopes to kick out those major shareholders with deep backgrounds within Sina and scatter these shares.
This way, when he later wants to manipulate Sina to go public again, there won’t be any major obstacles, and he can operate however he wants.
However, this process will likely take several years and carries significant risks.
If any problems occur in the middle, Chen Yiyang’s two percent stake could become worthless.
With this in mind, Chen Yiyang could only say to Cao Wei, "I need some time to think about this matter."
"Alright, we’re not in a hurry." Seeing that Chen Yiyang hadn’t agreed, Cao Wei wasn’t disappointed.
After all, a transaction of this level isn’t like investing in a TV drama that can be decided just by chatting.
After sending off Cao Wei, Chen Yiyang and Liu Qiangxi had another brief chat alone.
"Brother Qiang, aren’t you reconsidering the food delivery matter?"
"I had almost forgotten," Liu Qiangxi said. "Recently, Jindong is facing a public opinion crisis, and I really can’t look after other things."
"Alright." Chen Yiyang nodded.
Brother Qiang is truly unlucky.
The matter of his arrest in the United States had been gradually forgotten by people.
Then Jindong recently ended up on the trending searches again due to choosing the wrong spokesman and for customer service insulting VIP customers.
Brother Qiang, who had already hit rock bottom, now has an even worse reputation due to these public opinions.
There’s even talk that Brother Qiang has been taken over, and Jindong is now under someone else’s management.
Chen Yiyang couldn’t quite understand what was happening inside Jindong.
However, this matter presents an opportunity for Chen Yiyang.
He has already prepared a plan to draw Jindong into the food delivery battle, just waiting for Jindong’s reputation to hit rock bottom before executing it.
He stayed another day in the Imperial Capital.
Chen Yiyang was already planning to return to Lin’an.
Then the head of the management company called.
"Gao Ye and Song Xi want the roles of the second female and third female, and after consideration, we also think they are suitable."
"Hmm." Chen Yiyang nodded.
Song Xi’s acting is a bit better than Yang Jinlu’s; plus, Song Xi is also marked as a future second-tier actress, so her talent is there.
There’s no problem with letting her take the role.
"But the male lead’s brother role, Pan Yuming doesn’t want to perform, saying it’s not challenging."
"This." Chen Yiyang didn’t expect Pan Yuming to refuse for that reason.
But compared to the script at hand.
Pan Yuming currently has two dramas, one The Longest Day In Chang’an, and one White Night Chasing Killer.
Indeed, neither of these can be compared to Legend of Rose.
It’s understandable that he isn’t interested.
However, with Pan Yuming unwilling, the only male actor left under Chen Yiyang is Guo Qiling.
Guo Qiling acting as Liu Yifei’s brother?
Chen Yiyang imagined this scenario in his head.
Something definitely feels off.
That’s reversed.
"Guo Qiling said he can’t play the role," the person in charge continued, "but he wants to recommend someone."
"Is it his place to recommend someone?" Chen Yiyang was immediately speechless.
Guo Qiling, this kid, seemed to have high emotional intelligence before; how could he say something like this now?
Are such male lead resources to be given away just like that?
"He said he wants to meet with you to discuss it."
"Fine, I’m just in the Imperial Capital anyway, has his My Heroic Husband been finished filming? If it’s done, then let’s meet up." Chen Yiyang had no choice but to agree.
He wondered what on earth Guo Qiling was up to this time.
