Becoming a Billionaire after Divorce-Chapter 589 - 203: Sun Dasheng Becomes Baidu’s Largest Shareholder
However, since someone is optimistic about Baidu’s future development and wants to buy more stocks.
As the head of Baidu, Li Yanhong certainly wouldn’t refuse.
Not only wouldn’t he refuse, but he also hopes the other party buys a bit more.
It’s a good opportunity to clear out those shareholders who can’t synchronize with his vision.
How can Baidu thrive by associating with those parasites?
Moreover, the company’s equity structure has long been optimized through his efforts, evolving into an AB shares system.
The voting rights between A shares and B shares are vastly different, and as the company’s founder, most of the shares he holds are the A shares with more voting weight.
So even though he currently only holds 18.2% of the company’s shares, the voting rights of this portion are as high as 59.3%.
It’s equivalent to firmly controlling the company’s operations at a relatively low cost.
The company is still under his sole command.
Even bringing in such a strategic investor does not mean he has to reduce his own shares; he plans to increase his holdings during this opportunity.
After all, Baidu is the empire he has built.
His position is very stable.
"Since President Sun is so bullish on our Baidu, wouldn’t it be disrespectful if I refused? Leave this matter to me; there’s just a portion of shareholders who aren’t optimistic about the company’s prospects, I’ll negotiate for this portion of shares for you."
Li Yanhong confidently assured.
He indeed has this confidence.
Because the trusted aides within the company had already reported to him that some shareholders were grumbling a lot, always waiting for the company to surge for high-position arbitrage.
"Alright! As long as President Li helps me settle the Baidu shares, the acquisition of Weima Automobile is negotiable, by then we will be like family discussing business behind closed doors, right? I won’t make things difficult for you in terms of valuation."
Li Yanhong’s previously impassive face finally smiled, stood up, and extended his hand: "Then, let’s wish for a pleasant cooperation!"
Sun Dasheng also stood up, shaking the other’s hand: "Pleasant cooperation!"
....
Outside Baidu’s gate.
Fang Dashan, who had kept silent, finally had a chance to speak.
"President Sun!"
Sun Dasheng waved to interrupt him.
"I know what you want to say, rest assured, when the contract is signed, I will strive for the position of chief engineer for you. After all, you guys are insiders; Baidu won’t blatantly send someone over to snatch your position, initially, they’ll only send a technical team to support you."
"Of course, if you keep underperforming, I can’t guarantee Baidu won’t replace you later on."
Hearing this, Fang Dashan’s face clearly improved; he just needed an opportunity and didn’t believe he was inferior to others.
Patting his chest, he promised: "President Sun, don’t worry, if I don’t do well, I’ll pack up and leave voluntarily."
"Alright, then work hard!"
Watching Fang Dashan walk away.
Sun Dasheng and Zhong Liying got into the Rolls-Royce.
First instructed Da Yong to drive, then turned to Zhong Liying beside him: "You don’t have anything to ask?"
Zhong Liying gave him a coy look: "You must have your reasons for doing this, what should I ask?"
Sun Dasheng pinched her beautiful face: "Such a smart woman."
"Do you know the idiom: ’borrow a chicken to lay eggs, a cuckoo occupies a magpie’s nest’?"
"Ah? You mean?" Zhong Liying seemed to understand something.
But the clever her didn’t say it out loud because words could be mistaken; such things should be quietly done.
Sun Dasheng satisfactorily rubbed her head: "Really smart, but you just need to know it yourself, don’t mention it outside."
Zhong Liying coquettishly nestled against him, rubbing: "Don’t worry, my lips are sealed tight."
"Oh? How tight? Let me test." Sun Dasheng touched her sexy lips, then pressed them down.
Then, the front and rear windows slowly rolled up.
The car was filled with liveliness and vigor.
.....
Within a few days, good news came from Baidu Li’s side.
"President Sun, we’ve negotiated 25% of the shares on your behalf, covering both individual shareholders and investment institutions, whenever you have time...."
"Anytime, I’ll immediately send my colleagues from the investment department over to discuss. Thank you, President Li."
"No need to be polite, in the future, we will be stirring the pot in the same dish, please support my work as much as you can, President Sun."
This was said very tactfully.
Sun Dasheng understood as well.
"Of course, Baidu has only one in charge, and that is you, President Li. Rest assured, I will definitely follow your lead."
"Hahaha...President Sun, your words make me feel embarrassed, if there are any mistakes on my part in the future, please do point them out, to err is human after all, right?"
Hehe...hypocritical.
But, let’s play along for now, later on...hehe...
Hung up the phone.
Sun Dasheng called in the head of the investment department, Chen Hai.
After giving instructions, he immediately set out with his team.
Of course, the acquisition of 25% of Baidu’s shares couldn’t be at par value, there had to be a premium, otherwise, people wouldn’t sell.
Currently, Baidu’s market value is 30 billion US Dollars, Sun Dasheng offered a premium acquisition at a valuation of 35 billion US Dollars.
Total expenditure was 8.75 billion US Dollars, equivalent to 63 billion RMB.
For someone holding a cash flow of 300 billion, it could only be described as easy.
Quickly transforming into Baidu’s largest shareholder, but with very few voting rights, it could only be described as a financial investment.
That side settled.
The negotiations with Weima Automobile progressed smoothly.
Baidu acquired 51% of Weima Automobile’s shares with a cash purchase of 8.76 billion, becoming Weima Automobile’s controlling shareholder.
