Chapter 399: Hooked
A reverse takeover of Founder Group could be a big opportunity for others.
But for Zhang Yida, there is really no need for this.
There are a total of 6 listed companies under Founder Group, and the most valuable should be the shell resources of 4 A-share listed companies.
Because it may take two or three years for an A-share listing to go from queuing up to submitting materials to listing.
Hong Kong stocks and U.S. stocks are all registration-based, and from the submission of the prospectus to the listing, a few months and half a year are almost enough.
Just look at how simple it is to see how simple the listing of Yimin Net Finance, Yimin Wealth, and Yimin Loan is.
It's really not uncommon to have a few A-share listed shell resources.
For Internet companies, my big A shares are indeed preferential. This can be seen from the privatization of U.S. stocks and the return of A-shares to 360.
360 had a market capitalization of less than $10 billion before the privatization, and more than $60 billion after the privatization returned to A-shares. During this period, 360's business not only did not make any progress, but on the contrary, it experienced a significant decline.
But Zhang Yida has no idea of cutting leeks in China, and AB shares are also a trouble.
The most important thing is that Founder Group is an inferior asset.
The businesses of medicine and medical care and real estate are completely unrelated to several companies under Zhang Yida.
The acquisition also carries a huge financial burden.
Sheng Yuhai and a few people have made calculations, and Zhang Yida should also be able to guess eight or nine.
Founder Group has caused great turmoil due to personnel struggles and equity struggles, and its performance has declined seriously.
At this time, it is necessary to inject a strong injection into the market. Or rather, find a pick-up man.
I was born in Beijing University and was noticed by them, and companies such as Ruixiang, Pindodo, and Doushi occupied all the hot tuyere tracks.
Obviously, success is basically only a matter of time.
Take the mess of Founder Group in exchange for the shares of emerging industry outlet companies.
Several leaders probably wanted to replicate Li You's miracle of capital operation back then, and at the same time explained to the school's superiors.
But it's impossible for them to get their wish.
Li You was also a tattered company that was acquired, and then rejuvenated by integrating resources.
Why should I exchange high-quality assets for Founder?
But if you refuse, you have to be tactful. After all, everyone has to be faced, let alone a leader in a high position.
"Secretary Sheng, I'm afraid I'm going to live up to the kindness of the leaders. ”
Sheng Yuhai and the others frowned, when they came, they expected that they might be rejected, but they didn't expect it to come so quickly and so directly.
Noticing that the faces of the three were not very good-looking, Zhang Yida explained:
"At present, all companies are AB shares, and the domestic securities market does not support AB shares.
There are also companies with bets and performance commitments, and it is not a good time to go public. ”
Sheng Yuhai's faces are a little better-looking, people, they are all face-loving animals.
Zhang Yida understood this point, so he didn't let a few people get off the stage.
These people are very powerful in the school, and although the suggestions they make are not very reliable, there is no need to embarrass them too much.
"In addition to pet e-commerce, pet hospitals and pet food are all physical sectors.
It is still very suitable to be listed on the A-share market. As a leading pharmaceutical R&D company in China, Jingda Pharmaceutical also intends to enter more fields.
Pet medicine is a very good direction. I think we can strengthen our cooperation.
In the future, when Pate Holdings wants to consider going public, Jingda Pharmaceutical can also provide some assistance. ”
Sheng Yuhai retreated to the next best thing, wanting to come to the pet medical market for a piece of the pie.
Zhang Yida thought about it for a while, but still agreed. It said that Pate Holdings can establish a joint venture with Jingda Pharmaceutical to establish a pet medicine R&D laboratory.
As for the merger or backdoor matter, Zhang Yida snorted and did not give a clear answer.
For this result, Sheng Yuhai and the three of them are still quite satisfied.
Although there is no big cooperation, it is also a good start to do a small cooperation together.
The three chatted with Zhang Yida about the details of the shareholding in Ruixin Group.
In the end, Founder Group also invested the same amount as the SME Development Fund, 230.8 million, and obtained 0.99% of the shares of Ruixin Group.
The SME Development Fund has decreased by 0.01% after dilution of its shares, and it also holds a 0.99% stake in Ruixin Group.
At this point, Ruixin Group's B round of financing and B+ round of financing have come to an end.
A total of US$300 million was raised, plus RMB461.6 million in equity financing.
All converted into RMB is 2.528 billion!
I believe that there should be no financing for a long time. At the same time, putting so much money in the account can't leave it idle.
Therefore, Zhang Yida instructed Fang Yuhan to set up a strategic investment department to invest in start-ups that serve B-end enterprises.
From point to surface, slowly expand the B-end business layout.
......
"Mr. Zhang, can you entrust you to help me think of a way again. I'm really in a position right now!"
Li Yonghong is a big man and a major shareholder of a listed company, but he begged Zhang Yida on the phone.
"Mr. Zhang, as long as you help me get through this hurdle, if there is anything useful to my Lao Li in the future, you just ask.
I will never forget your kindness for the rest of my life!"
Poor people must have something to hate, Li Yonghong is not strong enough, but he has to play such a big plate.
At first, when the domestic media heard that the Chinese tycoon had bought AC Milan, they mistook the "YonghongLi" translated by the foreign media for Robin Lee.
It's ridiculous!
However, with further excavation by the media, more details of Li Yonghong were found.
Although he is not as rich as Robin Lee, he has also been a major shareholder of an A-share company and has participated in a number of illegal fundraising projects.
There may be no billions or tens of billions of net worth, but one or two billion yuan can still be obtained.
Li Yonghong has paid 440 million euros to AC Milan's current majority shareholder, Fininwest Group.
If the final balance of 300 million euros is not paid on time, most of the 440 million euros of deposit paid in the early stage will be forfeited.
As for repenting of the lawsuit, or coming to other soft and hard things, it is useless.
The boss of the Finningwest Group is the former president of Italy, and his power in Italy can be described as flourishing, and he will not be afraid of you as a businessman who has come all the way from China.
Li Yonghong borrowed almost all the money he could borrow, and he owed a lot of debts in China, so he counted on AC Milan to give him a turnaround.
But before he could turn around, he had to find 300 million euros in funding.
Otherwise, let alone turning over, most of the life's hard work will be smashed inside.
"What about Temasek? I know the bigger financial institutions abroad, and that's them. ”
Li Yonghong sighed, "The interest on Temasek's borrowing is too high, and I can't afford it!"
"Mr. Li, the situation has come to this point, I think you should have to make a choice. ”
Zhang Yida sneered in his heart, he had come to this point, and he was still bargaining, worthy of being a person who often danced on the tip of a knife.
Convinced!
"In addition to Temasek, Mr. Zhang, do you have any other financial institutions to recommend?"
Zhang Yida said unhappily: "I believe that Mr. Li, before you call me, you should have consulted all the large overseas financial institutions, right?"
To put it mildly, Mr. Li and I are just friends.
I am willing to help you, but I also look at everyone who is Chinese, and I don't want to see my compatriots suffer losses overseas.
If you can't accept Temasek, then there's nothing I can do. ”
Li Yonghong hurriedly said: "Mr. Zhang, don't misunderstand, because my matter has indeed caused you a lot of trouble!"
I have always remembered these kindnesses in my heart. ”
"Well, let's settle on Temasek! Whether the interest rate is high or not, we will get through this hurdle first. ”
Li Yonghong saw that he really couldn't get more help from Zhang Yida, so he gritted his teeth and chose Temasek.
"Well, you go and talk to Li Hengbo! Okay, that's it, I wish you all the best!"
Hanging up the phone, Li Yonghong lay weakly on the sofa of a luxury hotel in Italy, looking at the ceiling, recalling the various problems encountered in the recent period.
Well, it's all over!
chose to borrow loan sharks, and his whole person was a lot easier.
In fact, since he met and chatted with Li Hengbo two months ago, he has been struggling.
High interest rates, strict agreements, and ruthless overdue disposal of creditor's rights...... These made him unable to pass the threshold in his heart.
He thought that if he didn't look to Temasek, he would definitely be able to find other better ways to get a loan.
It turns out that he overestimated his own creditworthiness and competence, and underestimated the greed of financial institutions.
The Elliott hedge fund offered him a higher price of 23% per annum, including various commissions. If the debt is overdue, Elliott will take over AC Milan and pay him a nominal exit fee of "$2".
Compared to Elliott, Temasek is a little more merciful.
It's just a little bit, the annual interest rate of the loan is 20%, and the exit fee is $2 million.
Other than that, the other conditions are much the same as Elliott.
For example, it is necessary to monitor the flow of funds, send financial supervisors to AC Milan, etc.
After hanging up Li Yonghong's phone, Li Hengbo couldn't help but chuckle.
really let Zhang Yida say it, and Li Yonghong finally came to the door.
The loan was financed by a new Temasek fund.
Temasek is in the role of GP, contributing €3 million, with the remaining €297 million coming from the Torch Family Office.
300 million euros, with a term of 18 months, interest paid semi-annually, and the principal repaid after one and a half years.
If the repayment goes smoothly, Temasek's fund will receive €90 million in interest;
If it doesn't go well, it will win AC Milan with 390 million euros worth 740 million euros.
Temasek, as a GP, is customarily charged a 20% profit share.
Zhang Yida specially talked to Li Hengbo, but he just borrowed Temasek's brand, and the 20% share was too high, and asked him to reduce it to 10%.
Li Hengbo agreed, anyway, it didn't take much effort, no matter what, Temasek will not lose, and will not take any risks.