In fact, the tone set by Qi Zheng not only made Jiagu's top management confused, but also made interested investors doubt their lives.

Jiagu has established an agricultural industry investment fund, with a total scale of 5 billion yuan in the first phase, divided into 100 investment quotas, and plans to raise it within one year. The funds raised will be used to invest in quality agricultural projects.

As soon as the news was released, it spread in the capital market in a very short period of time.

For a time, there was an endless stream of investment institutions that came to contact Jiagu.

Among them, the first heavyweight role to come to the door is the CITIC Agricultural Investment Department.

As a large state-owned comprehensive multinational conglomerate with businesses in finance, resources and energy, manufacturing, real estate and many other fields, CITIC has increased its investment in the agricultural sector in recent years. Of course, based on the advantages of its capital operation, CITIC's agricultural investment strategy has always been guided by the combination of industry and finance.

In China, when it comes to high-quality agricultural assets, Jiagu's assets are the second, and no one dares to say the first.

However, the window for Jiagu to open to the outside world was very small, and CITIC never found an opportunity to cooperate with Jiagu. Now, as soon as Jiagu opened the window, they came to the door as soon as possible.

"Chairman Qi, our company is still very interested in the agricultural industry fund established by Jiagu. The person who came was Chen Jian, vice president of the investment department of CITIC, and he directly approached Qi Zheng through a relationship, "We have always hoped to cooperate with Jiagu, and we intend to subscribe for 10 investment quotas for Jiagu's industrial fund." ”

An investment amount of 50 million yuan, CITIC is 500 million yuan as soon as it is made, which is not a big deal.

"Welcome, welcome!" Whether it was taking the lead or really being optimistic about Jiagu, Qi Zheng showed a sincere smile, who saw that the person who came to send money was unhappy.

Chen Jian also laughed and asked, "By the way, I forgot to ask, after participating in 10 investment quotas, how many managers do we need to arrange for the fund board of directors or the investment committee?"

Qi Zheng didn't think about it, and said: "There is no board of directors, well, the investment committee does, but it does not accept external executives." ”

"What?" said Vice President Chen didn't understand.

"In other words, the Jiagu Agricultural Industry Fund only accepts investments, however, you have no decision-making power, and you can only share the assets and income of the fund according to the shares you hold. Qi Zheng explained it clearly.

Chen Jian was stupid when he heard it: "I don't have decision-making power and management power for how much I invest?"

"Nope. ”

"What about the right to know, or the right to supervise?"

"Of course there will be a right to know. In the case of supervision, we will engage a third party to supervise the investment. Qi Zheng smiled innocently.

"In other words, I invested money, and the investment project was left to Jiagu to decide, and I couldn't object, I couldn't personally supervise, and I couldn't even quit?" Chen Jian also pondered at this time, and his face was a little green.

Qi Zheng smiled: "Of course you can quit, but there are requirements for the number of years, which is also necessary, right?"

Chen Jian almost laughed angrily: "Then what can I get?"

"You can get a good reward with a small risk. Qi Zheng smiled slightly and replied seriously.

"Huh?" Chen Jian was stunned for a moment.

At this time, I heard Qi Zhengdao: "In fact, this is a contract-type industrial investment fund, and our rights and obligations are stipulated in the fund contract, and you can enjoy the benefits and bear the risks according to the shares of the fund you hold." There are very few domestic industrial funds in this situation, but I think it's worth trying. ”

"You can spend whatever you want, and of course you think it's worth trying. Chen Jian muttered indignantly.

In fact, if you put it on financial funds, this form of fund is not rare. However, in terms of industrial funds, it is rare to see such contractual industrial investment funds.

Generally speaking, domestic industrial funds are corporate funds, which have a similar governance structure to general companies, and a large part of the decision-making power of the fund is in the hands of the board of directors composed of investors, and the investors' right to know and participate is greater.

The fund management structure given by Qi Zheng is actually somewhat similar to the "two-tier equity structure" of Internet technology companies, that is, "different rights of the same shares". Of course, the form of expression is more excessive, in essence, it holds shares but does not have any voting rights, which is extremely rare among Internet listed companies.

It's no wonder that Chen Jian couldn't accept it for a while.

In fact, Chen Jian felt that if Qi Zheng was not crazy, he would be crazy: "Jiagu is so harsh, aren't you afraid that you won't be able to raise funds?"

"There is nothing to be afraid of, investment is something you are willing to do. If Mr. Chen finds it unacceptable, then give up. Qi Zheng didn't want to say more, and looked free and easy.

Chen Jian felt that he was no longer free and easy.

He really wanted to walk away, but in the end he held back.

Although CITIC is optimistic about the opportunities for the future development of agriculture, it does not mean that all agricultural fields can be the object of their investment.

At present, the situation of domestic agricultural enterprises is not very good, there are not many really suitable for investment, there are even fewer really good companies, and the homogenization phenomenon is serious, and there is a lack of technical barriers.

Even regardless of the development potential of the product, few agricultural companies can meet CITIC's investment requirements in terms of management.

Let's take the simplest example.

Generally speaking, the financial norms of agricultural enterprises are relatively weak, and even if you can understand the financial data, you don't know how deep the water is.

Because most agribusiness companies have various government subsidies, their turnover is not high, but the profit margins shown in the financial statements may be high. The problem is that there is no way to reflect the real situation of the company because of the profit margin generated by the government subsidy.

Relatively speaking, don't look at Jiagu as if it is resolutely not listed, but Jiagu is one of the few agricultural enterprises that has made great efforts in financial standardization at the beginning of its business, which also makes Jiagu assets quite attractive.

"Okay, I won't say anything about decision-making power, but it's not too much to personally send a representative to supervise, right?" Chen Jian still wanted to fight for it.

"There's a contract, there's third-party oversight, and I think that's enough. "Qi Zheng's idea is very correct.

What he has mastered is "extraordinary" technology, and it is a project that is almost guaranteed to make money. Such an opportunity can give outsiders a chance to participate, which is already atmospheric, why compromise and be angry?

Today he wants to know where his money is being spent, tomorrow he wants to know if he can use it more efficiently, and the day after tomorrow he will make a finger-pointing moth.

Take the yew project as an example, a tree that is ten years old is worth more than a tree that is five years old, and a tree that is twenty years old is more valuable than a tree that is ten years old.

Qi Zheng didn't want a board of directors to press on Jiagu's head.

To put it bluntly, it's okay to give money, no nonsense, it's okay to make money with you, no beep!

"I'm sorry, Mr. Chen, our industrial fund is such a condition, if we can't talk about it, I can't do it. Qi Zheng's face didn't show an expression of apology.

Chen Jian really wanted to complain, no one can talk about such conditions!

However, he finally "groveled" in front of what Qi Zheng called "rich rewards".

"So, Dong Qi, why don't you let me know about the projects that the industrial fund wants to invest in?" Chen Jian only hated himself for bending his waist in front of money, and sighed helplessly.

Of course, this request is reasonable. Qi Zheng smiled lightly.

......