Chapter 368 - 256: Strategic Transfer
The success of the Antler Coffee IPO.
It triggered a series of related impacts, and many financial experts hoped it could produce a book specifically about its epic Nasdaq listing speed.
Of course, that was impossible.
After all, Chen Pingsheng understood very well that the success of Antler Coffee was not replicable in any way.
It wasn’t even a startup brand, but a capital brand.
Like Xin Teng Live Streaming, it used entrepreneurial resources at its birth that outsiders or competitors in the same track couldn’t even imagine.
The success of Antler Coffee didn’t just drive its own growth.
It also propelled the richest female artist in the entertainment circle.
Yang Mi followed the investment to acquire a 5% stake, plus the 5% stock options she held at Tengying Entertainment.
Previously, she had cashed out over two hundred million through Bobo Milk Tea, and now, adding everything together.
The richest female star in the entertainment circle was indisputably her.
She was already a queen, but now she walked with even more authority.
Not only did she achieve success, but so did Tong Zelan, who personally held 30% of the shares in Antler Coffee.
The successful IPO also allowed her to cash out 3.2 billion at one go.
The remaining 12% of the shares would have to wait until after Antler Coffee truly listed, to be reduced through the stock market.
The previously small shop owner Qin Xue, who joined Antler Coffee for a year, also achieved financial freedom.
She even bought a house in Magic City and settled down in Ten Li Foreign Market.
As the group’s development grew larger, the cash flow also increased substantially.
Chen Pingsheng even planned to move. n/o/vel/b//in dot c//om
The smaller scope of officials in Capital City also meant their greater number.
He already owned group headquarters in both Beijing and Shanghai, so moving was quite straightforward.
In plain terms, he still preferred a more liberal financial market.
Jumping ahead to Magic City was actually quite simple.
He only needed to transfer his spoiled brat there to attend fourth grade.
As early as a year ago, he had invested most of the group’s resources in Magic City. To say that he had no such intention would be impossible.
To put it bluntly, there were indeed too many second and third-generation people in Capital City.
Having money over there meant nothing.
Chen Pingsheng shared this thought with Song Yanxi, and unexpectedly, she quickly agreed.
In plain terms, after the family became too wealthy, there was an instinctive choice to avoid uncontrollable factors.
Leaving Capital City for Magic City thus became inevitable.
Originally, the headquarters of Water Cloud Space was also bought in Magic City, and with investments already far surpassing those in Capital City, settling in Magic City became inevitable.
With this move, Capital City essentially became a branch.
Not only did Capital City become a branch, but after Chen Pingsheng flew to Greater Guangzhou, he directly spent 1.8 billion in Baiyun District to buy a top-class twenty-eight-story office building.
Each floor was about 2,600 square meters, and there was a very large swimming pool on the roof, suitable for private parties.
The listed symbols here included Tenghui Department Store, Tengsheng Fresh, and Fei Yangyang, among others.
Purchasing this building also meant that he owned group headquarters in three major tier-one cities.
Shenzhen being so close to Guangzhou meant there was absolutely no need to buy another building.
Meanwhile, he moved his Tengchao Commercial Management, worth over twenty billion in commercial assets, directly to Xiangjiang.
The registration place remained overseas.
At this stage, ensuring the security of assets was a given.
Moving the group’s high-quality assets to Xiangjiang was clearly safer.
Even after spending 1.8 billion on the building purchase, he still had 3.5 billion in cash in his account.
The golden cash cow, Tenghui Department Store, now has 32 large stores in four major tier-one cities.
Relying solely on its own profits, it could develop rapidly every year.
Chen Pingsheng had just injected one billion into Tengsheng Fresh Food, and once this billion was fully integrated, it would become the leading brand for all categories of fresh food in the country.
The number of stores nationwide would reach about 700.
At the same time, he gave five hundred million to Tengnong Breeding department in one payment, concurrently spinning off this department.
They established a corporation particularly focused on aiding agricultural development.
The headquarters of Tengnong was moved to Guangdong to join Tengsheng Fresh Food.
The two brands supported each other and progressed together.
In Magic City, at the end of April, several Snacks Dash stores opened first. They were very distinctive and, even without vigorous advertising, the business was quite good.
Upon seeing this, Chen Pingsheng thought it had great potential for development.
He simply allocated another five hundred million there.
Ultimately, in the early stages of corporate development, it’s all about competing for various resources,
especially capital.
Even before the snack niche had emerged, he had already invested six hundred million.
With this amount of capital, he had already far outpaced the numerous small entrepreneurs.
They couldn’t even catch the tailwind from him.
This was now his boundless influence in traditional industries, unimaginably vast.
Once he spotted a new emerging track in the traditional industries, even if it meant smashing money into it, he could swiftly surpass those innovators ahead through sheer financial force.
This was the influence Penguin once had on the internet.
He felt that he was also becoming increasingly close in traditional fields.
"Chen, your fifty billion has been credited; we have opened thousands of accounts and will vigorously buy back our own group’s public company shares next month,"
Zhang Wanyi, still sporting a white shirt, preferred professional attire when at work.
The group had been somewhat uneasy recently.
Mainly because many employees had spent their own money to buy the company’s stocks, and of course they were happy when the stocks rose.
Unfortunately, even when the group was performing so well,
the stocks fell sharply.
And all this, merely because of one recruitment speech Chu Qiuyan gave in Capital City.
It was utterly absurd.
Under such circumstances, the employees who had bought stocks within the group were naturally very anxious.
Thankfully, the successful IPO of Antler Coffee significantly boosted the morale of the employees within the group.
Now, when the capital market was mostly pessimistic about Tengying Group, the big boss himself took out fifty billion to initiate a stock buyback plan.
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To say it wasn’t exciting would be false.
One of the perks of being his secretary also became apparent, which was following the big boss’s decisions.
She could always make a bit more than her salary.
She had even planned to use a few months’ salaries to buy Tengying Entertainment’s stocks.
Chen Pingsheng nodded, "Try to keep the news under wraps until we’ve completed the entire buyback, then announce it to the market."
This huge sum was targeted at his own three public companies.
If you were a super enterprise worth over a hundred billion US dollars, it would naturally mean nothing.
But now, the combined market value of these three companies didn’t exceed 25 billion.
Putting fifty billion into them could indeed boost the stock prices significantly.
Keeping the news quiet was just delaying the rise in stock prices.
Of course, it was more profitable to buy stocks at a lower price.
Even though these companies were his own, the premise was still to make money first.
Otherwise, wouldn’t it be better to use the fifty billion for something else?
In his recent investments in the market, which totaled more than eighty billion, whether it was Tengsheng Fresh Food or the newly established Snacks Dash,
both would be able to lead and run ahead for a while in the future—such were the advantages of capital.