Rebirth of the Official Business Route

With regard to the integration of Internet resources, Dongda Chuangyu and Zhuoyu will not bring water, but Quantum Online is an overseas listed company after all. Such substantial business adjustments require the approval of the board of directors.

Although it is every major shareholder and the management shareholding ratio is quite high, if foreign shareholders insist on resisting it, it still cannot be implemented.

The board of directors of Quantum Online has two representatives of foreign directors. One represents the Walden-based venture capital fund and the other represents the venture capital fund of Goldman Sachs. Quantum Online can have such a large development in just three to four years. The NASDAQ listing has contributed to the participation of these two venture capital funds. w Novel chapter updated fastest

Quantum Online made a decision to reduce its holdings after six months of listing. At that time, Quantum Online’s public stocks totaled only 5.5 million shares, and the reduction of ess’s holdings was as high as 17 million shares. Walden and Goldman Sachs did not want to reduce their holdings, but they had to reduce their holdings at the same time. The reduction in total holdings will add another 30 million shares. Even if the market was in the upward channel at that time, it was impossible to have such a solid market support. Under hesitation, both Walden and Goldman Sachs decided to continue to hold the shares of Kun Garment Factory Online for the time being.

Unexpectedly, when ess reduced its holdings, when they were about to implement the reduction plan, the Nasdaq would not be able to withstand it. Within eight trading days, Quantum Online's share price was almost cut in half. During this process, both Walden and Goldman Sachs tried to reduce their holdings, but the support is now too weak. When they let go of a little bit, the stock price hit the bottom sharply, and they had to slow down their holdings in a tacit understanding and wait for the right time to come. w "Fiction" novel chapters are updated fastest

Zeng Zihui, vice-president of the Yazhou District of Goldman Sachs Chemical Division, came to Jianye for the second time.

Although it is early summer in Jianye in May, it is a bit hot. There are already young girls wearing short skirts and camisole sweaters on the streets to prey on pedestrians.

The coffee shop facing the street in Xuefu Lane is filled with strong coffee aroma and transparent floor-to-ceiling glass windows. Outside the window, the sycamore branches are luxuriant and green. From the gap between the treetops, you can occasionally capture the youthful and beautiful young girl Fu Ying. Zeng Zihui does not understand why Zhang Ke chose to meet him in this ordinary coffee shop, but it feels pretty good. not bad.

Zeng Zihui had more contact with other senior officials in Kumho, and was only the third time with Zhang Tuomian. Once in Beijing, it was for Quantum Online to go public on NASDAQ; the other was San Francisco, for global music online equity trading; Zeng Zihui was also a young man who entered Goldman Sachs after graduating from Harvard. At the age of 30, he held the senior position of vice president of Goldman Sachs Asia. He didn't know how this young man, who was much younger than himself, would feel in his position at this time, did he have the feeling of being aloof? Zhang Ke took the stainless steel spoon and stirred the coffee in the cup leisurely, but the coffee cup may not be too small. It can hold four or five of them in the palm of his hand at the same time. The stainless steel coffee pot looks like 15 or 6 cm. It's high, but the capacity is really limited. Not long after Zhang Ke escorted Zeng Zi to sit down and chat about Jianye's scenery, he asked Yu Yingsheng to add two pots of coffee, without the elegance and leisure of ordinary people drinking coffee.

Shin Kong Paper’s listing in Hong Kong for fundraising has always been exhausting. I still want to entertain you in Jianye. I didn’t expect your schedule to be so tight that you would fly to Beijing in the evening, Zhang Ke said.

Zeng Zihui watched Zhang Qie's coffee drunk into his stomach, and there were traces of sweat on the short sleeves of his tennis shirt. Knowing that he had just played tennis and came to see himself, of course he envied him for his leisure time, and said with a smile: It's not easy to eat mixed mouthfuls. I have been thinking about what Ke said less when I was in San Francisco last time, since there is a chance to stay in Jianye. I also wanted to come over to appreciate Jianye's leisure, but the schedule was too hurried, and it was arranged to meet with Mr. Joyce in Beijing at night, but I would be able to stay for one more day.

The flight from Hong Kong to Beijing is always more secretive than the flight to Jianye. Zeng Zihui made a special trip to Jianye for a short stay and naturally has other intentions; Joyce is the equity director representative of Goldman Sachs on the board of Quantum Online .

Upon receiving Zeng Zihui’s faxed request to meet him from Hong Kong, Zhang Ke understood what he meant. At this time, I saw him pick out his intentions and said: I heard that Mr. Joyce was very interesting. You have to talk to him in the evening. Meet him, give him a little greeting, and hope he enjoys his trip to China.

Although the US securities market has a strict regulatory system. But for a chaebol like Goldman Sachs, there is no gap to drill.

During this period, the Nasdaq Index oscillated violently. Internet stocks have not yet shown signs of stabilizing. The most declining network even dropped 80% of its market value, and some websites began to fail to sustain its closure. Quantum Online's stock price barely maintained at $20 per share online, but it was very fragile. Walden and Goldman Sachs were afraid to reduce their holdings rashly, but they were afraid that if the delay continued, the situation would deteriorate further and the opportunity to reduce their holdings would be completely lost.

If Quantum Online can have substantial benefits at this time, it will provide excellent cover for Walden and Goldman Sachs' holding reduction plan. Kumho wants to adjust the network resources of Dongda Chuangyu, Zhuoyu and Quantum Online, which can actually deliver greater benefits to Quantum Online and create a substantial benefit.

As long as Kumho transfers US$20 to 30 million in benefits to Quantum Online, it will be able to safely escape Walden Goldman Sachs’s nearly US$1 billion in stocks. This is Zeng Zihui’s intention. Of course, no one can trust anyone. Some Just point to the meaning of the words, don't say it thoroughly so as not to leave a handle.

The U.S. Securities Regulatory System cannot supervise this level of operation. This is why Americans hate monopoly. Many commercial monopolies are plundered by ordinary people, which are often blanks that cannot be supervised by the legal system.

Of course, the business sector puts interests first, and there is not much favoritism to talk about. At the beginning ess chose to resolutely reduce. While Walden and Goldman Sachs suspended, they actually provided cover for ess, allowing ess to successfully cash out at a high position, but there was no need to return the favor.

What's more, Zeng Zihui's trip may not necessarily represent the Goldman Sachs company behind it. It is more likely that someone represents an internal group of Goldman Sachs with Zeng Zihui's participation. Goldman Sachs missed the opportunity to reduce its shareholdings in Quantum Online, resulting in hundreds of millions of dollars in high-deserved profits. Instigating Zeng Zihui to come forward may be a self-protection action by some people within Goldman Sachs.

Of course, Zeng Zihui's price is not cheap.

Shin Kong Paper is actively preparing to raise funds by listing on the Hong Kong Stock Exchange to launch a larger-scale pulping project. Just as the dot-com bubble burst, Hong Kong stocks were also greatly affected. After the Asian financial crisis, red chips have been in a downturn. Even though Shin Kong Paper’s financial situation has been very good over the past few years, Kumho is backing it up, but As a domestic private enterprise to go public in Hong Kong to raise funds, and the amount of funds raised is one billion US dollars, the difficulty is still unimaginable.

Last year, CNOOC Limited was listed in Hong Kong ~www.readwn.com~ and the amount of funds raised was only one billion U.S. dollars.

Although the profit level of Shin Kong Paper is high, the profit level has been increasing rapidly in recent years. But the scale of net assets is still a bit small after all.

Although many investment institutions are interested in participating in the stock trading of Shin Kong Paper, they still feel that Kumho's offer is too high. Investment institutions such as Goldman Sachs, Guoyu, and HSBC hope that Shin Kong Paper's trading price can be reduced by one third.

At this time, there was a stalemate, investment institutions and underwriters were very tight, and there has been no progress.

Zeng Zihui's position as the vice president of Goldman Sachs Asia is quite critical. It can indeed provide great convenience during this time and can even shake the attitude of Goldman Sachs first, so that Kumho is in an active position.

This activity is plain. Zhang Ke has no psychological burden at all to cheat American investors. Perhaps American investors will feel that Kumho is conveying benefits to them.

After drinking coffee happily, Zhang Ke specially asked Fu Jun's extended Lincoln to take Zeng Zihui to the airport.

Later...