wavenovel Chapter 147 38%, Tencent's Largest Shareholder
Chapter 147 38%, Tencent's Largest Shareholder
On the other end of the phone, Shen Fei simply put the phone aside, letting the penguin horse "roar" for a while...
Two minutes later.
"Mr. Ma, I'll say it again, please don't overthink it..."
"38% of the shares, how can I not have some concerns?"
Shen Fei didn't say anything more and threw his phone aside again. It seemed that the news had really shocked him.
3 minute later.
"Mr. Ma," Shen Fei paused for a moment, "our goals are the same as Naspers'."
It's a financial investment; at most, you can send one person to the board of directors, but the real decision-making power remains with you. Have you ever heard of a dual-class share structure?
Penguin Horse was stunned; he didn't.
Tencent does not have dual-class shares or different voting rights. Logically, whoever holds more shares has more say, but Tencent operates differently. Major shareholders voluntarily waive interference in operations, and the founding team firmly controls the board seats.
It's like a house. You pay for it, but the property certificate, keys, residents, renovations, and rentals are all managed by others. Shareholders can only collect rent.
"Hong Kong-listed companies with dual-class shares disagree, however..."
"If that's the case, then why did Mr. Ma make this call?" Shen Fei said. "To give me a hard time?"
"Moreover, I bought these shares to help you."
Penguin Horse frowned.
"help me……"
For a moment, he couldn't quite grasp the meaning behind Shen Fei's words.
"Yes." Shen Fei's voice was very serious. "Mr. Ma, Tencent is the largest internet company in China and one of the top three internationally."
But who is your largest shareholder? Naspers, from South Africa.
Shenfei specifically emphasized the word "South Africa," a name that made Penguin Horse think deeply.
Foreign capital! Major shareholder? Then who owns Tencent? Is my data safe? Is there any guarantee?
Most people don't care whether the shareholders interfered with the management; they only knew that the shares were in Naspers' hands...
Do you think that once mobile internet develops, no one will mention this anymore?
Penguin Horse remained silent.
Logically speaking, a shareholder who only receives dividends shouldn't have much of an impact.
But how could that be possible in reality?
"Think about it," Shen Fei continued, "Tencent controls the social data and lifestyle habits of hundreds of millions of Chinese people. Its largest shareholder is foreign capital. What will the public say?"
Penguin Horse's brow furrowed even deeper.
"Things are different now," Shen Fei said. "The largest shareholder has become Huaxin Investment, which has a Chinese background. Who can still bring this up now?"
He paused here: "Mr. Ma, I'm taking the blame for you."
There was a long silence on the other end of the phone.
Penguin Horse walked around holding his phone. Shen Fei was right.
The fact that Naspers is a foreign company has always been a thorn in his side. Although South Africa and China have a good relationship, Naspers has never interfered with the company's decisions.
But in the public discourse, foreign capital is foreign capital.
If someone uses this as a pretext to make a fuss, Penguin will be in a very passive position.
But now that thorn has been removed, and Transsion has become the largest shareholder.
Chinese investment.
"President Shen," Penguin Horse's voice softened, "you've thought things through very far, and you've given me a good reminder."
Shen Fei smiled.
He doesn't know if others will use this tactic, but he definitely will. In the business world, what's the point of conscience? Eliminating the competition and capturing the market is the most important thing.
A guilty conscience will only hasten your demise.
For example, right now, it seems like he's lost money on the shares of the three companies, but in reality, the value of each company's shares has been inflated by more than three times...
"Mr. Ma, I'm not a saint. Of course, I have my own reasons for buying these shares."
Penguin Horse waited for him to continue.
"Transsion mainly operates overseas and needs many friends. Some necessary share swaps are also essential."
Penguin Ma nodded in affirmation. Previously, the average shareholding of over 80% in each company was indeed a bit too much.
Regardless of whether the founding team had ulterior motives, the local government was definitely suspicious.
"Besides, holding onto Tencent's shares isn't a bad deal. If Transsion encounters difficulties someday, we can sell them to tide us over."
Penguin Ma suddenly laughed: "President Shen, you're leaving yourself a way out."
Shen Fei laughed too: "Mr. Ma, who doesn't leave themselves a way out?"
Penguin Horse chuckled; he did indeed have a backup plan.
"Then I hope Mr. Shen can give us a heads-up before ordering takeout, and stop doing these surprise orders. It's really easy for people to overthink things."
…………
After hanging up the phone, Penguin Ma stood by the window for a long time, then turned to his secretary and said...
"Convene a shareholders' meeting and issue a public announcement at the same time."
The secretary didn't react for a moment, still a little dazed: "What announcement?"
"Shareholding changes. Huaxin Investment has become the largest shareholder of Tencent, currently holding 38% of the shares, while Naspers' shareholding has decreased to 7%."
The assistant hesitated for a moment. Last time Huaxin invested, Tencent's stock price fell for more than a month... Now it has taken another 18%, so this will cause turmoil for more than a month.
Penguin finally achieved seven consecutive days of growth thanks to Angry Birds...
After all, this game is completely different from the previous one. Besides GG, there are also some paid value-added items, which easily achieved a monthly revenue of over 100 million. The market has a lot of confidence in Tencent...
"Mr. Ma, send this message out..."
"Send it." Penguin Horse didn't hesitate at all. "The sooner the better."
He hesitated for a moment.
"Include everything Shen Fei said. Say that Huaxin Investment is a strategic investor, does not participate in management decisions, and is optimistic about Tencent's long-term development."
Penguin Horse picked up the fax again.
38%, a way out...
Does he believe it? Half and half.
But at least for now, he has no better option; Chinese investment is indeed better than South African investment.
…………
This afternoon, Tencent issued another announcement, stating that trading would be suspended starting the following day.
These few hundred words caused a huge stir in the capital market.
At the close of trading, the penguin stock surged 1.3%.
An analyst posted on a stock forum: "Huaxin Investment's continuous increase in holdings indicates that it is extremely optimistic about Tencent, which is a shot in the arm for the market."
"The market is sure to surge next. Those who missed out today should hurry up and get on board, otherwise... you'll just be watching others make a fortune."
"It's you again, you damn analyst! Last time you tricked me into buying in, and then the market kept falling for over a month."
"How many shares has the poster invested...? Are they trying to get us to take over? We're not ordinary newbies who've been fooled time and time again..."
"Doesn't anyone think that Huaxin's reach is too long? It has Tencent, Transsion, and Huawei's terminal division, and all of them are major shareholders. Isn't this foreign capital infiltration... How did the higher-ups approve it?"
"So what if they have long arms? They're rich..."
"I'm referring to security..."
"Upstairs, with the capital market so strictly regulated, do you really think Huaxing was able to get in...?"
"Stop arguing about that. What if they want to control Tencent with a 38% stake? If there's internal strife, our stock will become worthless..."
"The announcement says they won't participate in the operation. Besides, Penguin Horse and Huang Tianya have a good relationship; someone even photographed them having dinner together a while ago."
"Eating is eating, and money is money..."