Su Yi would not believe a single word Noel said.
Of course, he could understand why Noel would say such things.
After all, as an important shareholder of FX International, everyone hopes to sell their shares at a higher price.
If he believed Noel and he himself was eager to acquire FX International, he would inevitably be led by the nose, allowing the other party to seize the initiative and incur a greater acquisition cost.
"What does Mr. Su mean by that?" Noel frowned upon hearing Su Yi's words. "Does Mr. Su think that our FX International is not worth this market valuation, or that we shareholders are overcharging?"
Su Yi smiled and said, "I don't mean that. I just hope that both sides can be more sincere."
"We are naturally sincere in our communication with Mr. Su and his team, and we indeed attach great importance to the acquisition proposal Mr. Su put forward," Stewart quickly emphasized, sensing the atmosphere was a bit tense. "However, I think Mr. Su should give us a more precise answer."
"Alright," Su Yi thought for a moment, weighing the pros and cons of the negotiation, and said, "How about this, everyone, regardless of our final asset valuation and financial calculation results for your company, our institution will acquire a combined 75% stake in FX International from all shareholders, with a consideration of no less than 1.05 billion US dollars. How does that sound?"
Upon hearing Su Yi's price of 1.05 billion US dollars, the shareholders of FX International were somewhat dissatisfied.
After all, according to Su Yi's statement, Huayi Capital's overall valuation of FX International was only 1.4 billion US dollars.
And this valuation of 1.4 billion US dollars... was basically the lowest bidding valuation among all potential acquiring institutions they had been in contact with.
Of course, Huayi Capital was the only institution that proposed an all-cash acquisition, allowed shareholders to retain some shares, and committed not to make major adjustments to the company's business structure and personnel framework.
But no matter how excellent Huayi Capital's other additional acquisition conditions were, the direct valuation gap was simply impossible to ignore.
"Mr. Su, you just said that you hoped both sides would negotiate with sincerity this time," Stewart also frowned at this point and said, "But I feel that the valuation conditions you just offered for our FX International show no sincerity at all."
Su Yi smiled and replied, "I've said before, for the specific final acquisition price, our institution needs a comprehensive understanding of FX International's financial data and business operations before we can provide an accurate valuation. The price I just mentioned is a guaranteed minimum price.
This means... even if your company is currently insolvent and its business operations face the risk of collapse, as long as the shareholders are willing to sell their shares, we can proceed with the acquisition at this minimum price.
I believe that such terms, given your company is already deeply mired in debt and unable to pay the huge position losses caused by this 'Pound Black Swan' event, no other institution in the entire international investment market would dare to offer such terms or say such things. I know that several institutions with acquisition intentions might have given you initial offers much higher than this minimum price during preliminary contact.
However, I believe all shareholders have a judgment in their hearts regarding the final negotiation price and the acquisition conditions they are ultimately willing to offer. If Mr. Stewart feels that our Huayi Capital lacks sincerity..."
Speaking to this point, Su Yi scanned everyone at the negotiation table, paused, and continued, "Our team can leave immediately. Of course... if our institution's team walks out of this conference room door, then there will be absolutely no room for maneuver regarding this proposed acquisition.
I hope Mr. Stewart and all the FX International shareholders present can understand. Our Huayi Capital has come a long way, but it is not absolutely necessary for us to acquire your company.
The reason our institution has taken such a strong interest in your company and is willing to help your company overcome difficulties in this crisis is solely due to our previous pleasant cooperation.
In fact, if this acquisition is forced to be abandoned, it will have no impact whatsoever on the future business development or current business development of our Huayi Capital."
After speaking, Su Yi's gaze once again focused on Stewart's face, waiting for his response.
Meanwhile, within the Huayi Capital team, Wang Huaijin, sitting next to Su Yi, had already begun to pack up documents and close his laptop as Su Yi spoke, appearing ready to leave.
Stewart carefully pondered Su Yi's words.
He realized that Huayi Capital abandoning the acquisition would indeed have no impact on them.
Moreover, if they gave up on Huayi Capital, an institution that had shown strong interest and was willing to quickly advance the acquisition, it seemed extremely difficult to find another acquiring institution willing to make an all-cash acquisition and able to relatively maintain FX International's independent operating conditions.
Thus, numerous thoughts flashed through Stewart's mind for just a moment.
The next moment, before Wang Huaijin could even stand up from his chair at the conference table, Stewart, who had just looked somewhat gloomy, immediately put on a smile again and said with a smile,
"Mr. Su, where do you get such ideas? The collective shareholders of our FX International naturally extend a very warm welcome to Mr. Su and everyone from Huayi Capital. What you just said... requiring a comprehensive investigation and calculation of our FX International's financial status, as well as its business development and operational situation, I believe is appropriate. I just hope that the time for this investigation and calculation can be as soon as possible, as time is very precious for both sides..."
"Chairman..." Noel still wanted to say something.
Stewart immediately shot him a glance, interrupting him, and continued with a smile, "We accept the proposal of a 1.05 billion US dollar guaranteed minimum acquisition price, but I believe that after Mr. Su and his team have thoroughly investigated and evaluated our FX International's asset structure and financial data, they will provide us with a more fair price."
"Good," Su Yi nodded with a smile and said, "Then I thank Mr. Stewart for his understanding."
After discussing this most important issue... the two sides proceeded with negotiations on other acquisition matters.
Finally, after several hours of back-and-forth negotiations, both parties agreed on a preliminary agreement and signed a preliminary acquisition intent contract.
In the evening, Su Yi and his Huayi Capital team had dinner together, hosted by the shareholders and senior executives of FX International.
Then, the next day, July 10th, the Huayi Capital team brought by Su Yi began to set up operations within the FX International Group, with the cooperation of FX International's senior executives and shareholders, to collect the data required for the acquisition case.
Of course, as the Huayi Capital team began to establish a presence at FX International, because the final acquisition plan had not been finalized and the final acquisition contract had not been signed, the shareholders of FX International, especially those who felt that Su Yi's proposed acquisition conditions had some issues, were still privately contacting other interested parties.
(End of Chapter)