Zhang Yida stepped on a vacant land in Rongcheng High-tech Zone, and looked around at the desolate land that the city government was going to sell to him.

In fact, it is not much desolate, a few kilometers away is the bustling software park, but this land is currently bare, and it looks relatively barren.

The software park was planned more than ten years ago, but there was really no vacant land that satisfied Zhang Yida.

He didn't like some of the corners, and finally fell in love with this 158 acres of vacant land not far from the software park.

Twelve companies, including Ruixiang, will build a science and technology park here, including 6 buildings and their attached podiums, and the rest of the area will be used for greenery.

Lan Lan followed behind Zhang Yida and said with a smile: "The land in Rongcheng is really cheap, more than 1,200 square meters, and the 158 acres of land are only 130 million yuan. ”

Zhang Yida smiled, "That's why so many Internet companies have built second headquarters in second-tier cities!"

Build a science and technology park, build a few buildings, and rent out the unused floors.

In addition to collecting some rent to subsidize the family, you can also enjoy the dividend of real estate appreciation.

Real estate is so profitable, and Internet companies are also very popular!"

Lan Lan chuckled, Mr. Zhang's words can be regarded as pointing out the real reason why the Internet company built a second headquarters.

"Mr. Zhang, our science and technology park has a planned construction area of up to 200,000 square meters, all of which have been completed, which can accommodate tens of thousands of employees to work here. ”

Lei Dongming paused, and then said: "The total investment is about 2 billion yuan, how do you think this investment is apportioned?"

Zhang Yida looked at Fan Hongyang, Ding Siyao and others who were walking behind him, and asked, "Let's talk about it! Ruixiang is out of the family, or will you share it together?"

Lan Lan smiled and said, "We Ruixiang want to invest in it all, I'm afraid you have opinions." ”

Among the twelve companies, Huayi Capital and Dogfud are purely going through the motions, and only a few companies such as Ruixiang, Yimin Wangjin, and Huimin Travel really have the strength to invest, each of which can afford 2 billion yuan.

"What are you talking about, what are you looking at me?"

Zhang Yida saw that all the executives were looking at him, so he asked out loud.

"Building a science and technology park is a good business, but in the case of Yimin Wealth, for example, the number of employees is not large, and our main customers are concentrated in Beijing, Shanghai and Pengyang.

We might have a branch here, and a few dozen employees would be pretty much that.

Ruixiang, Huimin Travel, Yimin Netjin, these brother companies need to relocate more employees, a few of them contribute more!"

Ding Siyao's words have been recognized by several small company executives such as Lu Fenghai and Dogford Gu Bin of Pate.com, they are still in the development stage, investing tens of millions, hundreds of millions to build buildings, and the use of funds is too inefficient.

Even if they agree, investors will disagree. This money is used to subsidize users and seize the market, which is the most "correct" way to spend money.

"That's it!"

Zhang Yida motioned to everyone to listen to his point of view, and everyone turned their eyes to him, he continued: "Ruixiang invested 51%, and the other 49% you have divided, and the naming rights of the science and technology park will be given to Ruixiang!"

The others had no opinion, after all, Rui Xiang was the largest and richest among them, and they all nodded in agreement.

I took the executives to see the land, and negotiated the investment ratio of each company in the science and technology park, and the matter of the second headquarters in Chengdu came to an end.

Zhang Yida went back to Jinyu County again, and after having a meal with his parents, he was ready to return to the capital.

Guzhi County called him again, and he donated tens of millions of dollars to restore the Genting Stone City, which was finally completed, and invited him to fund the completion celebration of the project.

At the celebration, Guzhi County praised Zhang Yida to the sky, and said a lot of things like "think about the source of drinking water, don't forget the original intention, and return to the hometown".

Not only this donation project, but also Zhang Yida's investment of billions for the second headquarters of Rongcheng, Guzhi County is also aware of it.

For this reason, Mayor Luo has greatly praised him as the "number one meritorious hero" and said that the organization has a suitable opportunity to add burdens to this capable old comrade.

Therefore, Guzhi County is grateful to Zhang Yida from the bottom of his heart, not only for the people of his hometown, but also for himself.

Zhang Yida took the stage to receive the donation certificate issued to him by the Guzhi County representative government, and made another speech, and the ceremony ended smoothly.

Declined the interview of Rongcheng TV station and the banquet reception of Guzhi County, Zhang Yida rushed to the airport and returned to the capital on the same day.

......

Yimin Wealth Company.

Inside the conference room.

Ding Siyao received a group of foreigners in suits and leather shoes, with blond hair and blue eyes, who were staff members of Goldman Sachs and Morgan Stanley, two major investment banks.

Lei Dongming was also present, and Huayi Capital, which has not yet harvested an IPO project, is ready to take a ride on Yimin Wealth.

As soon as he heard that Yimin Wealth was going to open a pre-IPO round of financing, he rushed to it as soon as possible.

"Yimin Wealth's revenue in 2014 was 258 million yuan, and the net profit was 76.2 million yuan;

In 15 years, revenue increased by 354% quarter-on-quarter to 1.171 billion yuan, and net profit increased by 421% quarter-on-quarter to 397 million yuan......

At present, the basic business of Yimin Wealth includes: public fund distribution and private equity fund management in Chinese mainland, high-end insurance agency sales in Hong Kong, overseas asset allocation, investment immigration, high-end education, family office and so on.

At present, it holds 4 financial licenses, including private equity funds in Chinese mainland, public fund sales, insurance brokerage in Chinese mainland and insurance brokerage in Hong Kong. ”

Ding Siyao wore a black women's slim suit with a straight waist, and very confidently introduced the financial data and various basic businesses of Yimin Wealth to the investors present.

Robert of Goldman Sachs asked: "Ms. Ding, I see that Yimin Wealth's business is mainly concentrated in Chinese mainland, including Hong Kong insurance, which is also sold to mainland tourists.

In the future, will you consider expanding your business overseas like Yimin Netfinance?"

"That's for sure!"

Ding Siyao smiled and said, "At present, we have an office in Hong Kong, and we will consider opening a branch in Southeast Asia in the next step." ”

Morgan Stanley's Evans said: "Ms. Ding, I am very satisfied with the basic business data and growth rate of Yimin Wealth. But I have a question?"

"Tell me!"

Evans nodded and asked: "In addition to cooperating with offline companies such as ultra-luxury car 4S stores, yacht clubs, and golf clubs to acquire customers, Yimin Wealth relies heavily on Ruixiang Group for online customer acquisition.

If, I mean, if Ruixiang Group terminates its cooperation with you one day, will it cause a heavy blow to Yimin's wealth? Do you have any precautions?"

Ding Siyao frowned, this foreigner's question is so paradoxical, how could Ruixiang Group suspend cooperation with Yimin Group? Unless Zhang Yida is crazy, it's almost the same.

Compared with Evans, Robert has more dealings with Chinese and knows that human affection is more important than everything in this land.

He added an explanation, "Ms. Ding, Evans means that the acquisition of Yimin wealth is heavily dependent on Ruixiang Group.

This situation is always a relatively big hidden danger after listing, which greatly affects the investment judgment of investment institutions on Yimin wealth.

We know that Ruixiang Group and Yimin Wealth have the same actual controller, that is, Mr. Zhang Yida.

To get in touch with this hidden danger, it is better not to use verbal agreements. It would be great if Yimin Wealth could sign a five-year, or even ten-year long-term cooperation agreement with Ruixiang Group. ”

Ding Siyao finally knows the power of the international investment banking elite, this is to bind Ruixiang to death and completely eliminate hidden dangers.

"That's no problem, we can come forward and sign a written long-term cooperation agreement with Ruixiang. ”

Ding Siyao asked again: "Do you have any other questions?"

Robert and Evans both spread their hands and said it was all right.

"Okay, so let's talk more about valuations and funding shares. ”

Ding Siyao flipped out the materials in duplicate, one handed to Evans and the other to Robert.

"This is the financial statement of Noah Wealth in recent years, and we are also a third-party wealth management institution, and our business is highly overlapping with them.

At present, Noah's price-earnings ratio is 30 times, and Yimin Wealth's valuation is 11.91 billion yuan according to 30 times PE, which is 1.847 billion US dollars when converted into US dollars. ”

Evans shook his head, "After all, Noah Fortune is the leading stock in China's third-party wealth industry, and it has been listed for six years, and its revenue and net profit have been growing steadily.

Therefore, they have enjoyed a certain market premium, and Yimin Wealth has been established for less than 3 years, and there are still many uncertainties in the future.

If it is valued at 30 times PE, I am sure that I will be fired by my superiors when I return to the United States. ”

Robert looked at Noah Wealth's financial report and said: "30 times PE is really too high and too high, and on Wall Street, a mature large financial company will not have a price-earnings ratio of more than 10 times."

I think the valuation of $1.847 billion should be multiplied by a two-third, and $615 million is a reasonable valuation. ”

After more than two years of training, Ding Siyao also studied MBA, and she is not a novice, she knows that these two are joining forces to reduce the price?

She got up and turned on the projector in the conference room, played a set of PPT, and introduced: "We can see through this set of PPT:

In 2015, global private wealth reached $158.2 trillion, up 5.3% year-on-year.

Among them, the Asia-Pacific region led the world in terms of growth, reaching 9.5%.

As a regional leader, China's private wealth market grew by 13% in 2015.

This growth rate is more than twice the global average. In the United States, Europe and other regions, the class consolidation is serious, and the growth rate of private wealth business may be lower than 5.3%.

And China's growth rate could be three times as high, or even more.

The Chinese market is bound to become a new engine for global wealth growth and contains new opportunities for the development of the wealth management industry.

So that's why Noah Fortune was able to get 30 times PE, while Wall Street's financial companies had a P/E ratio of less than 10 times.

Goldman Sachs Gao Hua, Morgan Stanley Huaxin, I believe the two are no strangers!

It is precisely because the companies behind the two companies are interested in the ultra-high growth rate of China's economy and the huge wealth opportunities contained in them that China initiated the establishment of these two joint ventures. ”

Lei Dongming looked at the two foreigners who were speechless, laughed, and took the lead in applauding.

Before he came, Zhang Yida was angry with him and asked him to help his own people.

1.847 billion US dollars, Lei Dongming believes that the valuation is still very reasonable, with the rapid development of Yimin's wealth, it is possible to double the valuation in another year or two.

Lei Dongming didn't want to make too much money, so he mainly took a ride and broke the IPO to zero.