Almighty Athlete

Chapter 87 Investing
The evening Olympic Committee welcome dinner ended around 08:30, and this kind of official banquet usually ends before nine o'clock.At ten o'clock in the evening, Zhang Guan had already appeared in the office of Huang Weida, a Fidelity investment company.

"Currently, I have 500 million euros in funds. I want to divide the funds into three parts for investment." Zhang Guan said.

Huang Weida nodded. According to the current exchange rate, 500 million euros is almost equivalent to 4000 million Hong Kong dollars.If it is counted as a one-time investment, it is also a considerable amount in Hong Kong.Except for the top few rich people, it will also take some time for ordinary first-class rich people to raise such a large amount of funds.

"It seems that Mr. Zhang already has an investment direction. I don't know what specific needs are there?" Huang Weida said.

"I plan to spend 600 million euros to invest in shops in popular locations in Hong Kong. What I need are those projects that will not face demolition for at least ten years." Zhang Guan said.

"It turns out that Mr. Zhang is interested in the real estate industry in Hong Kong." Huang Weida showed a true expression.Over the past few decades, Hong Kong's real estate industry has created a large number of wealthy businessmen. Almost every top rich man in Hong Kong is inseparable from the real estate industry. Hong Kong's richest man, Li Chaoren, started his career in real estate.Especially in recent years, the political situation is stable, investing in the real estate industry means only making money but not losing money. Nine out of ten investors are optimistic about real estate investment.

Huang Weida said: "The real estate industry is indeed the best investment direction in Hong Kong. Every inch of land in Hong Kong is expensive, and the land will only become more and more valuable. Mr. Zhang can also consider investing in housing."

"Residential housing will definitely rise, but I am more optimistic about Hong Kong's business. Especially after the liberalization of free travel, I believe that more and more tourists will come to Hong Kong. I think that at least within ten years, business will be the key to attracting tourists to Hong Kong. The biggest advantage, so I choose to invest in shops." Zhang Guan said.

Huang Weida nodded. Although what Zhang Guan said was rather vague, Huang Weida could hear what Zhang Guan said, that is, more and more mainland tourists will come to Hong Kong in the future, and their main purpose is to buy things. .

Huang Weida does not quite agree with Zhang Guan's views. He thinks that if people want to buy things, they first need to be rich. The mainland is poorer than Hong Kong, and the things in Hong Kong are more expensive than those in the mainland. It is obviously not right for the poor to buy expensive things. possible.In fact, this was also the thinking of most people at the time. At this time, people all over the world would not have imagined how earth-shaking changes will take place in China in the next ten years!
As a latecomer, Zhang Guan naturally knows how crazy it is for mainland tourists to buy things in Hong Kong seven or eight years later. In the next ten years, the prices of shops in Hong Kong's prosperous commercial areas have increased dozens of times. At that time, shops were printing money. machine, the annual rent is a huge income.At that time, Hong Kong people realized that houses are copper, office buildings are silver, and shops are real gold!
600 million euros is equivalent to more than 5000 million Hong Kong dollars. This is not a lot of money. After ten years, you may not even be able to buy a large shop. The decline, especially the worst decline of shops, can now buy at least a few good locations and large shops.

Zhang Guan continued: "I also want to invest in the stocks of American companies. I am going to spend 700 million euros to buy the stocks of fruit companies."

"Fruit company?" Huang Weida thought about it carefully, and then said: "With all due respect, I think the current stock price of the fruit company has reached a relatively high price. I don't think this is a good investment choice."

Huang Weida was typing on the computer for a long time, then turned the monitor in front of Zhang Guan, and continued: "In the past few years, the stock price of the fruit company has been at a low level. After Mr. Qiao Bushi returned to the fruit, he developed a portable The media player iPod, although this has brought a lot of profits to the fruit company, and also caused the stock price of the fruit to rise. However, in recent years, there have been a large number of cheap counterfeit products similar to the iPod, and the fruit company In terms of personal PCs, there is still no improvement, IBM and HP still occupy the main positions of personal PCs, and even the PC business has been growing rapidly in recent years, so I am not optimistic about Apple’s stock returns.”

Zhang Guan stared at Huang Weida's monitor, which showed the stock price of the fruit company in recent years.

"The price of more than 20 US dollars is too high! This is going to make a fortune!" Zhang Guan was already extremely excited. In recent years, the stock price of the fruit company has risen from more than a dozen US dollars to more than 20 US dollars. This price is in the eyes of investors. It is already very high, but Zhang Guan knows that the stock price of the fruit company will climb to nearly 600 US dollars in the future. If you invest [-] million euros in the stock of the fruit company now, the future market price will definitely exceed [-] million US dollars.

Thinking of this, Zhang Guan said: "I believe that Joe is immortal, he is a genius, and he will definitely be able to produce electronic products that cross the age, so I am very optimistic about investing in fruit stocks."

"Okay." Huang Weida nodded. He has also seen many willful investors. These people are often extremely confident in themselves. From Zhang Guan's self-confidence, Huang Weida knows that no matter how much he persuades, Zhang Guan will not change his mind. .

"The rest of the funds, I want to invest in an American company." Zhang Guan paused, and then said: "I don't know if you have heard of a social network service website in the United States called FB?"

"FB? What does it have to do with the FBI?" Huang Weida joked, and then said: "Social networking is a new industry, and I don't know much about it."

"FB is a social networking website in the United States. It should have just appeared half a year ago. Its founder is a student of the Department of Computer Science at Harvard University. I think this website is very promising and I want to invest in this website." Zhang Guan said .

"Can this be regarded as an angel investment?" Huang Weida asked.

Zhang Guan nodded, and then said: "You can also think so, but I don't want a fixed return, I hope to be able to hold the equity of the website."

"Equity? This may be a little more troublesome. If you are an American, it is okay, but if you are not an American, you need some very complicated legal procedures." Huang Weida made some calculations in his mind, and then said: "Through my company, It should be no problem to operate in an authorized manner. Declare that you are an angel investor and are only responsible for providing funds, and the investment decision is made by the investment company, which can save a lot of legal trouble. Americans invest in Hong Kong The company’s scrutiny will not be so strict, but you may need to give up some rights, such as the right to speak in the company, and even in the future you will not be able to participate in the company’s decision-making as a major shareholder.”

"There is no problem with this. I don't want any decision-making power. I can give up this point, but the amount of equity must be guaranteed." Zhang Guan paused, and then said: "I can accept the dual-level equity structure, even if it has zero voting rights. Yes, but it is necessary to ensure the share of the stock I occupy, and to agree on the proportion of ordinary shares and new shares."

The dual-level shareholding structure is the talisman of FB founder Zach.He divided FB shares into two types, one is Class A shares with ordinary voting rights, and the other is Class B shares with ten times the voting rights of the board of directors. The major shareholder has signed a voting proxy. In this way, he enjoys 24% of the voting power of the board of directors with only 56% of the shares, thus completely controlling the company, even if Wall Street snipers buy FB on a large scale The stock is still not Zach's opponent in terms of board voting power.At the same time, FB also stipulates that Class B shares will automatically become Class A shares when they are cashed out, so Class A and Class B stock market values ​​are the same, and it also ensures that as long as Zach does not sell his shares, then he will Voting rights on the board of directors will only increase.

As for the proportion of new ordinary shares, it is a means to prevent share dilution. Zach used this method in January 2005. At that time, FB issued 1 million ordinary new shares, but Zach himself first occupied 900 million shares. In the end, Zach’s shareholding ratio remained unchanged, while Saverin’s shareholding ratio, which was originally FB’s second largest shareholder, was reduced to less than 330%
It is now September 2004, and FB is in the biggest trouble since its inception. They were sued by another social networking site. It is very expensive to go to court in the United States, but Zach has no money. If there is no Money, let alone a lawsuit, even the server can’t be started.If you miss this investment opportunity, even after three months, you will have to spend tens of millions of dollars to invest in FB.

Originally, American investor Peter Thiel would appear in the near future. As an angel investor, he invested 50 US dollars in FB and obtained 9% of FB's equity at that time, and this investment brought him 20 billion US dollars. s return.However, he sold a large amount of stock in the early days of FB's IPO, when the price of $100 per share made Peter Thiel ecstatic.But then FB's stock price soared all the way to more than [-] US dollars.

When FB went public, Peter Thiel’s $50 was eventually diluted to 4400 million Class B shares of FB, accounting for 2.5%, while the founder Zach had more than 5 million Class B shares.At this point, Zhang Guan is obviously more greedy, he wants more than Taier, Zhang Guan can give up the rights and interests of Class B shares, even if he holds all Class A shares, it doesn't matter, but he must own more shareholding ratio.Zhang Guan knows that after subsequent financings, his equity will inevitably be gradually diluted. If he can refer to Zach’s shareholding ratio, even if it is slightly lower, he will hold at least 20% of FB’s shareholding ratio when it goes public in the future. If calculated according to the market value of FB company of 2000 billion US dollars, 20% of the stock value will reach 400 billion US dollars.

It was the first time for Huang Weida to meet a client like Zhang Guan, and every request seemed special.Investing in real estate is a fairly standard decision. Now everyone in Hong Kong is keen to buy a property, but what everyone buys is a house. The interest in shops is obviously not as high as that of houses. In Huang Weida’s view, the stock of the fruit company has reached its end. The fourth-generation iPod is only thinner, without much breakthrough in function, which makes Huang Weida not optimistic about the future of fruit; investing in a website that has never been heard of is more like trying to press down in a dice game. leopard.

However, Huang Weida respected Zhang Guan's decision in the end. He said, "I will prepare the relevant power of attorney and legal documents. After you go back, my company will send someone to contact you."

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Chapter 1 is here, ask for a recommendation ticket!

(End of this chapter)