"Mr. Wang, I found out that Sina's current total share capital is 45.946 million shares, of which the largest shareholder is Sitonglifang Company, accounting for 18.6%, the second largest shareholder is Huadeng International, accounting for 13.3%, and the third largest shareholder is Wang Zhidong, accounting for 6.3%.

The top ten shareholders and the top ten institutional investors account for a total of 68% of the shares, and the remaining ones are held by the small shareholders." Li Xiangtao came up and reported directly.

The largest shareholder only holds 18.6% of the shares. In other words, if I want to take over Sina, I only need to hold more than 18.6% of the shares and become the largest shareholder, it is possible to achieve it?

Based on Sina's current market value of about 1.1 billion US dollars, if you want to acquire more than 18.6% of Sina's shares and become the largest shareholder, it only takes about 1.7 billion RMB to achieve it. The price is lower than I expected before... Wang Liu breathed a sigh of relief and asked:

"Have you studied the acquisition plan? How is the acquisition the most cost-effective?"

Li Xiangtao said: "I have studied it. If you directly contact Sina's major shareholders and acquire the shares they have, the speed will be the fastest, but the disadvantage is that it is easy to leak news.

If the news that we are going to acquire Sina is spread, Sina's stock price will definitely rise, which may increase our acquisition cost.

Moreover, the chairman of Sina is Wang Yan, and he is also the general manager of Sina Le Valley. The battle of words we are now with Sina Le Valley is basically thanks to him.

If he knew that we were going to acquire Sina, in order to avoid liquidation after being taken over by us, he would definitely try his best to obstruct us, which would probably add a lot of difficulty to our acquisition plan.

So I discussed with the company's senior management and thought that if we wanted to acquire Sina, we'd better do it in secret.

Sina's equity is quite scattered and there are many circulating shares. We can directly purchase enough stocks through the secondary market and become the largest shareholder.

This can ensure that the news will not be leaked to the maximum extent, which can not only prevent the stock price from rising, thereby increasing our acquisition costs, but also prevent Wang Yan from obstructing it after getting the news and increasing the difficulty of our acquisition.

But the disadvantage is that the speed is relatively slow. If you want to acquire enough stocks from the stock market, you must also avoid causing stock price fluctuations and raising the acquisition cost, it may take some time to operate slowly."

Wang Liu smacked his lips and thought secretly in his mind. He said that he would not care about increasing costs. If he wanted to acquire other companies, he would definitely pay a certain premium.

But Wang Yan had to be cautious about this. Now the relationship between Tiansheng and Sina Le Valley is relatively tense and is basically in opposition, and he is the culprit.

If he knew that Tiansheng was going to acquire Sina, he would definitely worry that he would be liquidated and try his best to hinder the acquisition.

If a chairman makes up his mind to interfere and refuses to accept the acquisition, the trouble he can bring will definitely not be small.

In contrast, it is best to conduct a secret acquisition to avoid alerting the enemy.

As for time... he was not in a hurry, just take it slowly.

Acquisitions are never achieved overnight. It is normal to delay for a year or two, or even longer. He has long understood this.

As soon as he thought of this, Wang Liu made a decision in his heart and said, "I think very carefully, just do what you said."

"Okay, then I'll go back and arrange for people to start absorbing Sina's stocks from the secondary market."

Li Xiangtao responded, paused and said, "In addition, what proportion is the appropriate proportion of our acquisition? According to the GAAP requirements of the international financial universal rules, there are two thresholds in the acquisition of shares, namely 20% and 50%.

If it exceeds 20%, it is necessary to merge the profit and loss of the other party's company.

If it exceeds 50%, it is necessary to consolidate all financial statements of the other party's company.

No matter which one is triggered, it is a burden for us. Anyway, the shareholding ratio of Sina's largest shareholder is only 18.6%. I suggest that we acquire it first at a 19.5% share ratio.

This not only ensures that we can take the position of the largest shareholder and have the right to speak on Sina, but also avoids triggering the 20% line and merging Sina's profit and loss, which will cause us a burden.

If you can't control Sina this way, it's not too late for us to continue to acquire shares, what do you think?"

Wang Liu smiled and said, "No, you can attack when you advance, or defend when you retreat. You are very thoughtful, just do it."

"Okay, then I will arrange the acquisition at a rate of 19.5%. " Li Xiangtao responded with a smile.

After the serious matter was said, Wang Liu finally found an opportunity and told Li Xiangtao his upgraded prevention and control measures:

"Have you seen the news? There are also cases in the city, and the epidemic has worsened again. The prevention and control measures implemented by the company before must be strengthened accordingly.

The city requires citizens to minimize going out as much as possible. As representatives of private enterprises in the city, we should set an example and cooperate with the city to prevent and control the epidemic well.

You can make a quick deployment and, while ensuring that the company can maintain its normal operation, minimize the number of people staying in the company as much as possible. If you can work from home, let them work from home, reduce travel, and reduce the risk of infection in the company."

“Working from home?”

Li Xiangtao was stunned for a moment, then remembered the sudden severe epidemic situation in the city, and returned to normal. He happily agreed: "Okay, we are an Internet company anyway, so we don't have to work in the company. As long as there is an Internet, it's the same at home. I'll make arrangements later."

"Be careful, there is nothing important. Don't go to the company recently, as is the same as the phone commander at home," Wang Liu reminded.

Li Xiangtao smiled and said, "It's better not to be a panic now. It's better to have someone in the company. I drive when I go out and arrange for people to go home to work. After the company's number has dropped significantly and the risk is not great. I will be careful, so don't worry."

That's right... Wang Liu nodded and suddenly remembered again and said, "Sister-in-law has returned to China? Remember to remind her to settle the house so that you can avoid distractions."

Li Xiangtao smiled and said, "I have reminded her that she is in Shanghai now, and there are only four or five cases, which is slightly more than the city, but the population is several times that of the city. It's safer than the city, and it's okay."

"That's good." Wang Liu smiled, chatted for a few more words, and hung up the phone.

Then he called Zhou Zhixiong, Pan Xiaowen, Wu Fan and others one by one, reminding them to pay attention to protection. After calling in a circle, Wang Fang dragged his body and walked in with a tired look on his face.

"Why are you so tired? Are you wearing a mask on your face? "Wang Liu looked at Wang Fang, especially the traces on her face, and said a little distressed.
Chapter completed!