The Birth of Shanghai's First Conglomerate

Chen Pingsheng returned to the headquarters in Shanghai.

The acquisition negotiations for the leading domestic lithium iron phosphate battery manufacturer are nearing completion.

He acquired the entire company on one side, and then transferred the entire new energy vehicle assembly to Tengfei.

Only specialized battery production capacity and a battery R&D department will be retained.

The cost was 5.5 billion.

Taking over a battery factory that was losing several small targets in net profit every month undoubtedly puts immense pressure on the company.

Zhang Wanyi, the busty secretary, was still focused on cashing out the shares that Bobo Milk Tea and Fei Yangyang had bought back at low prices.

Two billion yuan was invested, and it took more than a month.

The estimated cash-out amount is approximately 3.5 billion.

The net profit of 1.5 billion was mainly due to cashing out too early.

If we wait a few more months, we could earn at least another 500 to 600 million.

Everyone, including the secretary Zhang Wanyi, felt it was a great pity, but there was nothing they could do as they were in dire need of funds.

This money must be cashed out in advance.

In addition, he previously used 3 billion yuan to repurchase shares of Tencent Entertainment.

The average repurchase price is around the market capitalization level of 170 billion.

Tencent's stock price has now rebounded to 35 billion, and 40 billion is only a matter of time.

If he were to dump such a large amount of his stock holdings into the market, the excellent situation would likely be reversed and the market would crash again.

The best way is to find someone to take over.

Chen Pingsheng contacted Tong Zhelan again, and her investment in Tengying Entertainment had already made her a fortune.

He also made a name for himself in the capital market.

If it weren't for the previous speech incident, Tencent's stock price would be at least 50 billion by now.

The main reason is that this year's financial report is too strong. In just the first two quarters of the first half of the year, Q1 and Q2, it was able to achieve a net profit of more than 1.2 billion.

Adding to the second half of the year, the overall financial report for 2016 showed a very encouraging increase compared to the same period last year.

It is highly likely to become the entertainment stock with the highest net profit in 2016.

Compared to others' hundreds of billions, it only has a little over 30 billion.

There will definitely be a significant increase in the future, and Tong Zhelan is well aware of this. If it weren't for the urgent need to acquire the battery factory...

There is absolutely no way Chen Pingsheng would sell these shares that were repurchased at a low price at this time.

It can only be said that he is both bold and meticulous in making money, taking advantage of the unfavorable outlook of the capital market to aggressively repurchase his own company's shares.

Then, taking advantage of the market recovery, they resold the shares and made a net profit of several billion.

This is much higher than the original corporate profits.

In order not to affect Tencent Entertainment's continued growth momentum, its market value of over 30 billion yuan is far from reaching its peak.

Tong Zhelan joined forces with four major capital firms in Shanghai.

They jointly invested 50 billion to take over all the shares he held.

Five billion is definitely far below the current stock price.

This is quite normal; if he were to sell directly like this, he would be trying to cash out everything through the stock market.

Not to mention that it will drive down Tencent Entertainment's hard-earned stock price again.

There wasn't enough time at all.

It will take a long time to cash out all of it.

Now, with a 20% discount, you can cash out all your money at once without affecting Tencent Entertainment's stock price.

That's quite good, you could say.

Fifty billion went in, and eighty-five billion came out.

The returns were quite pleasing.

After Chen Pingsheng raised 8.5 billion, he officially had the negotiation team sign a contract with Zhang Zhiyao's side.

A press conference was held in Shanghai to announce the full acquisition of Aotema.

……

June 8, 2016 (Shanghai calendar). Financial reporter Meng Yuyu arrived early at the headquarters of Shanghai Tengying Group, carrying a backpack.

Companies that own super-large office buildings in Pudong New Area are undoubtedly those that have made great achievements in a certain field or multiple industries.

Any office building costs at least a billion dollars, let alone a super Grade A office building with 22 floors.

The owner of Tengying Group is very mysterious; no media reporter has been able to interview him so far.

She wanted to, but it was a pity that they could even refuse reporters from central media outlets, let alone local media.

It's obvious they don't want to appear in public.

This is a super-large group that started by selling fruit. Later, it ventured into many fields such as high-end health and beauty, entertainment, milk tea, coffee, live streaming, and supermarkets, and achieved considerable success in each.

Now, entering the new energy industry, it has created the largest wholly-owned acquisition in the industry in a short period of time.

It can be said that it was a place of great prestige.

As a result, the stock prices of his numerous listed companies also soared.

New energy vehicles are a key national project for the second industrial transformation, and countless resources and efforts have been devoted to it.

Tencent Group entered this field as an outsider and quickly invested over 20 billion yuan.

It is definitely the biggest capital player among the current batch of car companies.

Whether it will succeed or not, nobody knows.

Judging from his demeanor, he was clearly prepared to die trying.

No company, regardless of its size, has ever invested tens of billions of yuan in new energy vehicles from the outset.

Everyone tries to spend money as frugally as possible.

If you don't need to do the research yourself, then use someone else's.

If you can outsource the construction, then don't build it yourself.

No one else would invest tens of billions like this group.

The new energy market is turbulent and unpredictable, and the future is uncertain.

Now another player with real money has entered the market, and nobody knows what the future holds for them.

Meng Yuyu arrived relatively early, but many people arrived even earlier than her.

After all, this is the largest single all-ownership acquisition in the new energy market to date.

I want to avoid attracting attention.

Looking at the three senior executives sitting on Tengfei's side, they are all well-known figures in the industry.

This isn't just a simple acquisition, is it?

Yan Donghui also announced that Tengfei will invest another 4 billion yuan near Lingang to build its own Tengfei Ecological Industrial Park.

To put it more simply, it means building its own Tengfei New Energy Vehicle Industrial Park.

This mainly includes three headquarters buildings, eight R&D centers, and numerous employee dormitories.

This kind of eco-industrial park is mainly used in conjunction with the super factory.

The super factory is specifically responsible for overall production, while the eco-industrial park is responsible for headquarters operations and research and development.

With 4 billion invested, at least 20,000 people can work together at the same time.

From construction to completion, it will take about one to two years.

It depends on the speed.

During this period, Ascendas will lease office space for its headquarters.

Meng Yuyu really didn't expect this.

They're actually going to invest another 4 billion yuan to build an eco-industrial park.

His extravagant spending style is unmistakably that of a true tycoon.

One bombshell after another, leaving even Meng Yuyu wondering how much money Tengying Group actually planned to invest in car manufacturing.

No wonder he hasn't attracted a single investor; with his current approach, it's no wonder no one is willing to invest in him.

The main problem is that money is being burned too quickly.

It happened so fast that the capital market couldn't even react.

(End of this chapter)