My 1999

Chapter 73 Kim Young-quan



A quarter of an hour passed quickly. Following the sound of footsteps, a middle-aged man wearing a black suit, a slender face, and gold-rimmed glasses walked over under the leadership of a waiter.

Behind him was a voluptuous female secretary.

Sun Mingzhen greeted him.

"President Kim."

"I haven't seen Miss Sun for a while, and she seems a little haggard. If things are not going well, you can come to me at any time. For the sake of being a colleague of the company, I will definitely find a good position for Miss Jin."

Her smiling eyes kept wandering over Sun Mingzhen's towering breasts, looking very vulgar.

Sun Mingzhen smiled.

"This is Mr. Xu Liang, the representative of our Xiangjiang Hongyan Fund."

Xu Liang is very aware of Bangzi's inherent tendency to praise the high and suppress the low. This time, the acquisition of Naver was mainly based on Xiangjiang Hongyan Fund.

"Hello, Mr. Jin."

This time he spoke in Korean.

Holding Xu Liang's extended hand, he smiled professionally.

"Mr. Xu speaks Korean very authentically."

"Actually, I will only say a few words. Please come in."

Come to the room and sit down.

Xu Liang was not used to this kind of kneeling or sitting cross-legged. He had no choice but to do as the Romans do.

Gulu….

Sun Mingzhen picked up the wine pot and filled Xu Liang and Jin Yingquan's glasses.

Xu Liang picked it up.

"Mr. Jin, I want to toast you. Thank you very much for agreeing to my invitation today."

Jin Yingquan smiled slightly.

"For Mingzhen's sake, I wouldn't have come back if she hadn't invited her."

Xu Liang can naturally hear this kind of words that clearly look down on you but secretly mean something.

It was nothing more than a hint that he would send Sun Mingzhen up to warm her bed.

When he was doing business in his previous life, he had seen people even more filthy than this.

I didn't feel too angry.

He said calmly: "I heard that Mr. Jin was the founder of NAVER before?"

"good."

"Our Hongyan is a venture capital fund that specializes in investing in the Internet in East Asia. It has just entered the Korean market. I would like to ask if Mr. Jin will sell his Naver shares? We can give Mr. Jin a reasonable price." Xu Liang said directly .

Jin Yingquan held the wine glass in his hand with an eternal smile on his face.

"I hold 8% of NAVER's original shares. I wonder how much money you can offer?"

Xu Liang's expression remained unchanged.

"How much does Mr. Jin plan to sell it for?"

"In January 2000, NAVER's valuation was US$7 million, and 8% was 560,000."

Xu Liang smiled and shook his head.

"Mr. Kim seems to know that NAVER is not worth US$7 million. Otherwise, why would he emphasize January this year instead of now?"

Jin Yingquan is not stupid. After the Nasdaq crisis, all Internet companies in the world, including giants such as Yahoo, AOL, Lycos, and Amazon, are on the verge of collapse, and their market value has fallen to the bottom. Small companies like NAVER have even lost their valuation. Ninety percent of the value.

If calculated according to the current valuation, the equity in his hand could be sold for up to US$60,000, which is almost a tenfold difference.

"How much is Mr. Xu willing to pay?" Jin Yingquan asked.

"I can make the decision to give Mr. Jin a generous price, $60,000."

Jin Yingquan shook his head instantly, "No, it's too little."

Before the Nasdaq crisis, his equity could be sold for five to six million US dollars. Now that it is so much less, how can he be willing to accept it?

But I was unwilling and scared at the same time.

Internet companies in the United States, Europe, including South Korea, have gone bankrupt. It is difficult to say how long Naver can last. After all, like other search companies with portals around the world, it is still unprofitable.

If NAVER collapses, his equity will be worthless.

"Since Mr. Jin thinks it's less, we won't force it. Come, drink." Xu Liang picked up the wine glass.

Jin Yingquan was a little stunned.

This is not the right approach.

If we can’t agree on the price, shouldn’t we continue to negotiate? Why did you just quit?

"Is it some kind of strategy? It must be, the Chinese have thirty-six strategies, I have to be careful."

Jin Yingquan, who started brainstorming and constantly speculated on various conspiracy theories, instantly felt that the food and drinks in his mouth had lost their taste, and he no longer had the intention to look at the beautiful woman next to him.

After eating something briefly, Xu Liang stood up.

"I'm sorry, Mr. Jin. I have something else to do so I'll leave first.

Renqing, you finish the meal with Mr. Jin and then send him back. "

Lu Renqing quickly agreed.

"By the way, Mr. Jin. I heard that in addition to Mr. Li Haizhen and Samsung SDS, the equity holders of NAVER are also you, Mr. Cha Baogen and Mr. Fan Zhixing. The three shareholdings are similar."

After smiling lightly, he turned around and walked out.

Jin Yingquan stared at the retreating figure, his face changed, his expression kept struggling, and he saw that the figure of the other party was about to disappear.

"Wait. Mr. Xu, please wait."

Jin Yingquan suddenly stood up and chased after him.

He couldn't help but be in a hurry. What venture capital funds pursue is not controlling rights, but casting a wide net to catch as many fish as possible, betting on as many good companies as possible, and earning dozens or even hundreds of times excess profits.

Therefore, it is destined to acquire only part of the equity.

Especially now that the Nasdaq is in crisis, the number of shares acquired may be even less.

If he doesn't sell, and Che Baogen and Fan Zhixing do, then even if he wants to sell, he may not have a chance. And even if it can be sold, the price is bound to not be too high.

"Mr. Xu, I will sell it for only $80,000." Jin Yingquan gritted his teeth.

Xu Liang smiled slightly and said, "Deal."

Seeing how readily he agreed, Jin Yingquan felt a little regretful.

Why don't you order more?

"Mr. Xu..."

Xu Liang waved his hand to interrupt him. He knew just now that he was in a hurry and should bargain again.

But things had happened, and he couldn't help but regret it.

"It's only US$80,000. I won't pay a penny more. If Mr. Jin is willing, we will sign the contract. If not, we will pretend we have never met today."

Listening to his decisive words, Jin Yingquan nodded after hesitating.

He hadn't received an offer higher than $80,000 in months, and he didn't want to wait any longer.

The feeling of watching the stocks in your hands continue to depreciate but being unable to do anything about it is really torture.

Without any further trouble, the two parties successfully signed the equity transfer agreement and confidentiality agreement.

"All funds will be credited to Mr. Jin's account in two weeks."

"Why two weeks?"

"It also takes time for our company to deploy funds, especially at times like this."

Jin Yingquan thought for a while and agreed after two weeks was not too long.

"Mr. Jin, let's drink to this successful cooperation."

Jin Yingquan smiled a little reluctantly. Half a year ago, his equity was worth 600,000 US dollars, and there were many suitors. Half a year later, the equity depreciated to 80,000 US dollars, and no one was interested.

If it hadn't been for the six months of suffering, he wouldn't have sold it for 80,000 yuan.


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