Chapter 416: Darkness Chen Cang
Tang Peng is not surprised that Bao Luqiao's door-to-door request for money, since the decision to reduce the funds of Zhonglian, Bao Luqiao has been looking for him for money and resources for three days, after all, the current labor and bandwidth costs are soaring, it is really difficult to do things without money, and Zhonglian Games has not achieved profitability now, and it still needs to rely on burning money to maintain development.
However, as the CEO of a listed company, the operating performance of the listed company in 01 was not good, and the profit was a seven-figure small profit, and the listed parent company was already a little stretched in terms of actual cash flow, and Tang Peng really did not have tens of millions of funds in his hands to invest in the development of Zhonglian.
In fact, in order to maintain the cash flow of the listed stock market from collapsing, Tang Peng mortgaged all the shares in his hand and exchanged them for funds to support the company.
As long as it does not touch the bottom line of Hanhong's position as the largest shareholder, Chen Wen believes that everything can be discussed in terms of capital increase and share expansion.
"Mr. Tang, no, I heard from reliable sources, Penguin has decided to enter the leisure and entertainment game, I heard that they have approached you and want to merge Zhonglian into Penguin, and after you refused, they have set up a project team to start independent research and development. ”
"Mr. Tang, if the major shareholders do not provide funds, then our future development is worrying, Penguin has a huge user base resources, and after deciding to do this, it will definitely accelerate forward!"
"If we don't speed up, we'll lose the lead in a few months. ”
This kind of little trick, although Bao Luqiao is a technique, it is not surprising that he occasionally uses it once or twice.
Sure enough, when Tang Peng heard the news, he frowned.
He didn't associate the person in front of him with the penguin, but the penguin had indeed come to him to buy Zhonglian, so the ambition to enter the casual entertainment game was obviously real.
Now that Bao Luqiao said this, Tang Peng didn't think about anything else, but thought that the penguins were really ready to start a war with Zhonglian in leisure and entertainment games.
That's really a problem.
You must know that the reason why Hanhong's stock price can still stabilize now is because of Zhonglian and the concept of Internet stocks.
Although Zhonglian is not very profitable now, the concept is worth it. If the penguin's actions are too violent and endanger the development space of Zhonglian, and then shake the imagination of shareholders about the future of Zhonglian, every minute will be a catastrophic consequence of the avalanche of Hanhong's stock price.
Tang Peng would never dare to let this scene happen.
So the last time Mr. Ma tried to visit him, he asked the secretary to decisively refuse, and he would not give the outside world any chance to give up the speculation and association of Zhonglian.
This is a goose that allows the company's stock to lay golden eggs, where is he willing to sell it easily, even if it is reminiscent.
"Mr. Tang, if the major shareholder can't come up with the money, then do you see if you can increase the capital and expand the shares, release a part of the shares, and get back a sum of money for financing to accelerate the development of Zhonglian? After all, now that the competitors are poised to go, if we don't have any substantive action, it will be even more difficult to get it back if we lose the leader position. ”
Seeing that Tang Peng had no idea, Bao Luqiao quietly put forward his suggestion.
"How much are you going to increase your capital and shares? Who will take over?" As soon as he heard this sensitive thing, Tang Peng immediately cheered up.
If Bao Luqiao and their efforts to introduce heavyweight strategic investors are likely to jeopardize the position of Hanhong's largest shareholder.
This is absolutely not allowed to happen.
"We also don't like to dilute our shares prematurely, and we are currently considering the plan to reduce the shares of each shareholder in equal proportions, and if we can sell 10% in total, the financing money will at least support our next phase of expansion. ”
Bao Luqiao said, of course, these routines were given to him by Chen Wen. The old shareholders have reduced their shares in equal proportions, which means that the status of each other's shareholders' meetings has not changed much, and the transfer of 10% of the shares is also said to be more or less, and the number is much less, plus the transfer to a third party, and it is a small shareholder after coming in.
This plan shows that the current team has no interest in expanding the shares, which can reassure Hanhong to the greatest extent.
Sure enough, Tang Peng's mind was guided by Bao Luqiao, and he immediately switched to calculating the pros and cons of financing to make money to develop Zhonglian.
Although Tang Peng has not worked in Internet companies, he has also seen many cases of failure of Internet companies, usually big fish eat small fish, fast fish eat slow fish.
Bao Luqiao's suggestion is to give shares to a third-party venture capital company, which makes Tang Peng feel that it is not impossible. Anyway, after the shares in his hands have been reduced by 10 percent, he can completely maintain the status of the largest shareholder unchanged, and there is no need to consider the factors that affect the listed company.
Then there is no need to worry about what others on the board of directors of listed companies think.
In this regard, Tang Peng now did not think of what the consequences would be after this additional issuance would cause him to lose his absolute controlling stake in the Zhonglian platform.
In his subconscious, as long as he maintains the status of the largest shareholder, Tang Peng doesn't think there is any problem, he feels that he can control Zhonglian firmly by pulling in any family.
"Who are you going to sell these ten percent shares to?" Tang Peng basically acquiesced to Bao Luqiao's suggestion, and now he began to care about the object of this additional issuance.
"We have just put forward this plan, and we will discuss the intention with Mr. Tang first, and I don't know which venture capital fund to finance now.
If Mr. Tang has no opinion on this plan and agrees to implement it, we will further make a more perfect financing plan to release the rumors and see if anyone will invest, if our valuation is reasonable, I believe that someone will be interested in Zhonglian. ”
In this regard, of course, Bao Luqiao will not tell Tang Peng the truth and reveal his intended financing partner.
Before the dust settles on this matter, everything must be cautious, and the slightest rumor cannot be revealed to make Tang Peng aware of the intentions here, so it is best for this venture capital fund to have no friendship with Bao Luqiao and Chen Wen, so that Tang Peng's side will not be suspicious.
Otherwise, after exposing his intentions, Tang Peng can use his current status as a majority shareholder to veto any decision of the company. If this situation occurs, it will be a tearing war between the two sides.
Otherwise, Bao Luqiao's team would choose to quit collectively and stage a new shopping mall tragedy that both sides lost.
Of course, no one wants to see such a situation.
Tang Peng thought about it for a while, and quickly went through it.
According to the current share distribution, the existing shareholders will issue an additional 10% of the shares after the share reduction, which is not a large amount in his mind, and although the impact on the shareholders' meeting is still there, it should not get out of control.
On the contrary, judging from the current valuation of Zhonglian, it is obviously impossible for a third party to get this share without coming up with a large sum of real money.
The total price of these 10% shares is not believed to be a small amount.
"Mr. Bao, when your plan comes out, I'll take a look at it and talk about it. Thinking of this, Tang Peng didn't agree or refuse, just to see how the plan here progressed.
Although Bao Luqiao's visit did not get Tang Peng's final guarantee, he did not object to it after all, which made a good start.
Now, Bao Luqiao should go down and make a practical plan, and talk about the scale and use of the financing in a high-sounding manner, so that Mr. Tang, who can impress Hanhong, agree to this plan that contains evil intentions.
Relying on this plan to hide the poison pill, he secretly diluted Hanhong's shares to a relative majority.
Once this goal was achieved, at that time, the founding team and third-party shares, including Chen Wen's shares, were combined to make a difficulty, and after Hanhong lost absolute control, it was powerless to recover.
Over there, Chen Wen, who gave advice, didn't expect the major shareholder to speak so well this time, it seems that he was indeed forced to run out of money, and he also realized that the current competitive situation of Zhonglian was not good.
The plan was quickly come up.
Regarding the 20 million offer they quoted by Bao Luqiao, Chen Wen didn't have much opinion for the time being.
Anyway, this matter will be quoted at a high price first, and as for the specific transaction price, it will be known after the negotiation. Anyway, the price is high, and the shares in everyone's hands are also worth more, so why not?
This is not really going to the third-party market to seek funds, there is basically a passable reason, which can allow Tang Peng to see how much to finance, what to do with the financing money, what goal he wants to achieve, and how to achieve this goal......
When these action plans were financed last year, they had already done it all over again, and now they only need to change the time to narrow down some of the more ambitious plans originally conceived, and turn them into a decent feasibility study and demonstration report.
Tang Peng received this report, although there is a support team behind him to evaluate these, but after all, he is not a very professional master, in the face of such a feasibility report, he can only look at how the money is spent?
It's just that these specific expenses in terms of product research and development, some professionals on one side really don't understand whether they are reasonable or unreasonable.
So most of the time, the so-called expert review is also a very nonsense thing, they can understand every word of the plan, but what is said in combination, many "experts" can understand half of it is good.
If you want to see what else is boring in the professional part, it is unlikely.
Anyway, everyone is interested in getting third-party financing, and with such a tacit understanding, after a simple revision of the proposal for capital increase and share expansion put forward by the Zhonglian team, several shareholders agreed to the draft in principle and began to become a formal operation proposal.
Within a few days, the shareholders' meeting was held, and after everyone sat together to discuss Bao Luqiao's plan, there was basically no controversy about this plan and passed the resolution of the company's shareholders' meeting: Zhonglian increased capital and shares, and the original shareholders reduced their shares in equal proportions, and then took out 10% of the shares to raise 20 million!
Of course, this 20 million is the target price currently proposed, whether it is Bao Luqiao, Chen Wen, or even Tang Peng and Tang of Hanhong, everyone hopes that Zhonglian's valuation can be higher, and it is not a bad thing to raise more money.
It's just that the sky-high asking price is repaid on the spot, and the shareholders' meeting still authorizes the Bao Luqiao management team to have a certain amount of negotiation space, which is acceptable in principle with a discount of more than 20%, so that the financing object will not be able to complete the financing task because the price is cut to death.
Because Bao Luqiao did not exchange information with Mr. Ma when he was doing these things, he was not sure about this matter, so he naturally covered things tightly.
After the resolution of the shareholders' meeting was passed, Bao Luqiao notified Mr. Ma of the new move.
Mr. Ma received the news a little suddenly, and the action here was a little too fast.
For Bao Luqiao to complete a capital increase and share expansion action so quickly, Comrade Lao Ma is actually very impressed.
However, when he received the news of Bao Luqiao's offer and heard that he was going to invest 20 million to win 10% of Zhonglian's shares, Mr. Ma was a little uneasy.
The valuation given by Mr. Bao here is a bit out of Mr. Ma's bottom line.
Although Liu Ruoyi has given a valuation reference of $20 million to $30 million, Mr. Ma does not agree with this high valuation and thinks that it is still inflated.
What's more, if Zhonglian only needs 20 million to increase the capital and expand the shares by 10%, it means that more consideration will be given to take over the shares from the founder team and Chen Wen in the future.
It is usually unlikely that this kind of acquisition will not give a part of the premium, so Mr. Ma's initial offer to Bao Luqiao was a valuation of 150 million yuan, instead of the current valuation of 200 million!
But Mr. Bao's price increase, doesn't it mean that the management of Zhonglian is already a little ambitious, and is ready to use the acquisition to quietly start planning to raise the price of penguin wool?
This matter made Mr. Ma a little dissatisfied, and Mr. Ma felt the need to talk to Mr. Bao.
It's just that in the current situation, if Mr. Ma directly comes out for an interview, this kind of formal negotiation takes a long time, involves more people, and it is impossible for the major shareholders not to send representatives to participate, so that the news will leak out, and Penguin will directly intervene in the Zhonglian game, so it is impossible not to attract the attention of Hanhong in this regard.
Obviously, it is difficult to negotiate this kind of thing alone with Mr. Bao's phone call, and it also lacks sincerity.
As it is now, Mr. Ma has a big head.
In the end, the share acquisition, according to the simple telephone exchange between Mr. Bao and Mr. Ma, it is not convenient for Penguin to take over directly, so that Mr. Ma can find a way to find a reliable venture capital to transition.
Mr. Ma thought about this, but did he have to let Liu Ruoyi and them participate?
After thinking about it, Mr. Ma simply communicated with Liu Ruoyi and asked Aurora Ventures to negotiate with Mr. Bao's team.
In this regard, Mr. Ma still trusts Liu Ruoyi.
After all, in this matter, Liu Ruoyi is actually pushing behind the scenes.