"Reintegrate Aurora Culture and prepare for financing and listing?"

Zhao Shaodong and Chu Luo were called together by Liu Ruoyi to come to Xiangjiang for a meeting, and when they heard that today's topic was actually this, they felt a little sudden.

Jinhai Aurora and Xiangjiang Aurora are now developing well and are in a stage of rapid development, although the funds are a little lacking, but through the financing of Aurora Venture Capital and bank loans, it is enough to cope.

At this time, financing doesn't seem to be too necessary, right?

"Yes, the ultimate goal of Aurora Culture Development is definitely to be listed, and we must follow up through market financing, and then introduce strategic investors to complete the share transformation of listed companies, so that the development of the entire company can enter another fast lane. ”

Of course, Liu Ruoyi knew that raising this topic now would make Zhao Shaodong and Chu Luo have a lot of questions, so he had already prepared a complete set of solutions.

"Now that the development of Aurora Culture has begun to enter the fast lane, and the structure is relatively mature and has strong capital attraction, I don't think I will lose too much in terms of valuation for the first round of strategic financing at this time. ”

"If Aurora Culture is divided into two parts for separate financing, it is estimated that the valuation of Xiangjiang Aurora Culture, including ATV satellite TV station, can reach 6 billion to 7 billion Hong Kong dollars, and the valuation of Jinhai Aurora Culture can reach about 5 billion yuan, which basically takes into account the growth rate of Aurora Culture to maintain more than 50% in the next three years. ”

Regarding Liu Ruoyi's calculation, Zhao Shaodong and Chu Luo calmed down and listened to it, and they both felt that it was very reasonable.

In their eyes, Liu Ruoyi is already a very powerful valuation master, just like a veteran who has been working in investment banking for many years.

A number of investment acquisitions not only verify Liu Ruoyi's accurate view of the project's prospects, but also reflect Liu Ruoyi's accuracy in valuation.

"Annie, you're right, but how are you going to integrate?" asked Zhao Shaodong.

"My initial plan is to merge and integrate the duplicate businesses of the two companies to avoid competition in the mobility industry. ”

"The film business of two of the companies was spun off and integrated into Aurora Pictures, mainly in the mainland film business, and the other businesses were packaged together and integrated with ATV satellite TV to form Aurora Media Group, headquartered in Xiangjiang and established on the basis of Heung Kong Aurora, and the American company developed separately. ”

"In this way, we took out Aurora Media Group to raise funds, with a valuation of 12 billion to 15 billion Hong Kong dollars, and sold 15 to 20 percent of the shares to attract strategic investors. ”

"The newly formed Aurora Pictures will not consider financing for the time being, and before financing, we will inject about half of the current funds of Jinhai Aurora and Xiangjiang Aurora into the film company. ”

Liu Ruoyi's nerve-wracking plan made Zhao Shaodong, who was more powerful in his heart, a little dizzy.

Of course, in terms of valuation, Liu Ruoyi's reorganization plan to introduce strategic investors is not a loss at all, and the two Aurora Cultures that did not withdraw the film business add up to a valuation of about 12 billion, and now Liu Ruoyi has to start at a valuation of 12 billion Hong Kong dollars after removing the film business, which is not low.

This valuation has at least overdrawn Aurora Culture's growth expectations for more than two years.

If it is not for the strong confidence in the subsequent development of Aurora Culture, it is estimated that it is difficult for ordinary venture capital companies to accept.

In particular, the entertainment industry does not look like a booming industry now, and the market value of listed media companies is actually not too high, even TVB, which has been the leading entertainment media company in Hong Kong for a long time, has a market value of more than 10 billion to 20 billion Hong Kong dollars.

Although Zhao Shaodong himself has a strong confidence in Aurora Culture now, but now to say that it is on a par with TVB, Zhao Shaodong is still a little self-aware.

"Annie, do you think this valuation is attractive to us?" Zhao Shaodong asked with a wry smile.

"Of course, I think that although the valuation of our newly integrated Aurora Media Group is a little higher, it is still very attractive. Liu Ruoyi replied without hesitation.

"If you are a smart investor who wants to invest in the media direction to do due diligence, then he will definitely see our advantages, which are different from other media companies, whether it is the layout across the Chinese-speaking circle or a very complete business field. ”

"The most important thing is that in several of our advantageous areas, we have begun to initially establish a threshold, whether it is a variety show or a TV drama program, our investment and program effect is amazing, even if investors will wait and see in the near future, when our second hit drama appears, and the "Super Girl" variety show is more prosperous, the potential of Aurora Media will become a huge attraction for us. ”

"Anyway, we are not in a hurry to raise funds, so we can take our time. Liu Ruoyi's last sentence left Zhao Shaodong and Chu Luo speechless.

Yes, anyway, there is not so much urgency for financing, so does it matter whether it can attract investors at this stage?

It doesn't matter at all.

Although Liu Ruoyi's work is a bit unreliable at first glance, if she calms down and thinks carefully, every step seems to be very meaningful, and her vision is much ahead of ordinary people.

"Annie, I think it's okay if you say that. Zhao Shaodong first responded, "If we can really raise 2 billion to 3 billion Hong Kong dollars, it will be a big supplement for us Aurora Media, and the development speed can be faster." ”

"But it doesn't matter if we can't melt it for the time being, anyway, our worth won't fall! In two or three years, we will let those who are watching know that they didn't care about me at the beginning, and now you can't afford to climb high!"

"Hehe, Zhao Dashao, what you said is really like that. Chu Luo laughed as he listened.

"Our boring development is indeed lacking momentum, and now Aurora Culture has the confidence to fight with any entertainment media group in Xiangjiang, so let's show the car and let everyone see the quality of our Aurora Media, anyway, I think we will come to this day sooner or later." ”

Seeing that these two shareholders agreed, Liu Ruoyi also breathed a sigh of relief, although it is troublesome and cumbersome to really operate this matter later, but if Liu Ruoyi wants to fill the big hole left by the original design, she can only do this.

Otherwise, when Xiangjiang Aurora and Jinhai Aurora become stronger and stronger, so that the Zhao family and the Chu family are covetous, even if Zhao Shaodong and Chu Luo really want to cooperate with Liu Ruoyi, the family behind them may have some means to force them to submit, and the two families will join forces to eat the Aurora culture and exclude Liu Ruoyi from the game.

If the "Super Girl" model has matured after a round of cycles, and the wealth creation variety show has been polished and matured by Liu Ruoyi after a round of baptism, variety shows, which are equivalent to Aurora Culture, have two trump card programs, which can last for at least more than 5 years, and TV dramas, Aurora Culture has been integrated into the resources of ATV, plus two teams with great potential in Baodao and the mainland, the dependence on Liu Ruoyi has been greatly reduced.

In fact, now Aurora Culture's dependence on Liu Ruoyi has begun to become smaller, otherwise Liu Ruoyi would not have spent such a large chunk of time thinking about the future, thus discovering his fatal weakness.

Zhao Shaodong and Chu Luo willingly cooperated with the shareholding reform before listing, which was a happy thing, and there was no loss to the interests of Zhao Shaodong and Chu Luo, and even the book value of the assets under their names would increase sharply.

The shares, originally worth more than 3 billion yuan, after Liu Ruoyi's transfer and integration, if Aurora Media can really raise 3 billion Hong Kong dollars, then after absorbing this strategic investment, the nominal valuation of Aurora Media will climb from 15 billion Hong Kong dollars to 18 billion Hong Kong dollars!

Because the financing of 3 billion Hong Kong dollars will inject real money into Aurora Media, Liu Ruoyi, Zhao Shaodong and others are only selling shares, not cashing out equity!

In this way, Zhao Shaodong and Chu Luo have almost 25% of the shares in their hands, and the minimum book valuation is 4.5 billion Hong Kong dollars!

Basically, it is equivalent to Bai Shengsheng increasing his nominal wealth by about 50%!

This account, Zhao Shaodong and Chu Luo, people who have been gilded in Oxford and Cambridge, can figure it out with a roll of their eyes.

So even if they don't have a good relationship with Liu Ruoyi, what reason do they have to oppose it from the standpoint of interests?

This matter is basically settled here, and then Liu Ruoyi will take a team to make a detailed reorganization plan, so there is no hurry.

Next, Liu Ruoyi has a more important matter to discuss with the two partners.

"We also have to solve a big problem, the shares of Wangju are now broken up by us, and I think this is not conducive to the development of Wangju in the future. Liu Ruoyi called these two people together today, just to solve the few big holes left in the cooperation between the three of them once and for all.

Among them, the equity of Wangju is the most troublesome, some shares are attributed to the offshore company of the joint venture of the three, some shares are still in some of Zhao Shaodong's shadow accounts, and some are placed under the name of the original Xiangjiang Aurora Culture Company.

After the reopening of the NASDAQ, the strange phenomenon of almost no trading volume also made Ding Shi suspicious, but now, the net gathering has been thriving, and Ding Shi will not choose to pick a picker no matter what.

Therefore, Liu Ruoyi feels that it is necessary to solve the problem of online gathering, and more importantly, Liu Ruoyi feels that the NASDAQ is not the best listed exchange for online gathering.

"I think it's okay for the company, the company's development can be said to be advancing rapidly, and the game business is progressing far better than the industry's expectations. "Zhao Shaodong doesn't think there's anything wrong with online gathering now.

"Richard, if according to your expectations, if Wangju raises $500 million now, can it be done on the NASDAQ?" Liu Ruoyi did not comment on Zhao Shaodong's words, but asked a question.

"This ......" Zhao Shaodong thought carefully for a while and shook his head, "I think I'm afraid it's difficult to do." ”

"I think that's the case, so we might as well privatize the online poly and then put it in the main board of the Xiangjiang stock market for a round of financing, I believe that the Xiangjiang stock market, which understands the business model of the online poly, has a good chance to give a higher valuation. Liu Ruoyi's sudden suggestion moved Zhao Shaodong and Chu Luo again.

Although Liu Ruoyi's suggestion was not known to the two of them at all in advance.

But now that they heard it, they thought about it for a while, and both of them felt that this might not be a good idea.

It is true that the bursting of the Internet bubble in 2000 made the Xiangjiang stock market feel a little rumored about the Internet stocks, but as the economic prosperity continues to strengthen, the Xiangjiang stock market has also begun to recover, and the recent development momentum of the network is so strong that it is simply the leader of the Internet in the mainland.

After Zhao Shaodong and Chu Luo figured this out, their eyes met, and there was a kind of surprise in their surprise!

After continuous acquisitions, most of the remaining shares were transferred to many accounts under the control of Zhao Shaodong, except for the part in Ding Shi's hands, and the tradable shares of the Nasdaq were even less than one percent.

If it weren't for Ding Shi's emotions, Zhao Shaodong would have concentrated the shares and announced them a long time ago.

"Annie, it's a good idea to take the Xiangjiang stock market after privatizing the online poly, but we may not be able to hide the proportion and composition of the shares in this way, will Ding Shi have other ideas?" Chu Luo asked, this is the biggest reason for the decentralization of the online poly stock in the first place, otherwise more than 5% of the shares will have to be announced after they are concentrated.

Now these shares are scattered in a variety of different accounts with less than 5%, Zhao Shaodong's account has a private company, there are individual investors, even if the names of the top ten shareholders are announced, I can't see what to do with Xiangjiang Aurora Culture and Zhao Shaodong, nominally Zhao Shaodong is still the spokesperson of the second shareholder of Wangju!

"It doesn't matter now, in the face of the opportunity to become the top few in the Huaxia Wealth List," Liu Ruoyi said with a smile, "If you are Ding Shi, are you willing to leave now?"

At this time and then, if Liu Ruoyi is really delisted from the NASDAQ according to the privatization proposal, and then re-listed on the Xiangjiang stock market, he can raise 500 million US dollars, even if he issues a higher share of 15%, the valuation of the current network gathering is frighteningly high in today's era!

Although the remaining shares in Ding Shi's hands will be lost, the value has increased tenfold!

From a valuation of tens of millions of dollars at the beginning of the downfall to a large Internet leading enterprise of more than $3 billion now, in the current mainland, it is definitely a real giant that brightens people's eyes!

And the value of the stocks in Ding Shi's hands, if you don't count Liu Ruoyi, an invisible rich man, can definitely rank in the top three of the Forbes China Rich List!

With such a status and honor, Ding Shi still has the courage to give it up with a wave of his hand?

No, no founder will give up easily in the era of online gathering.

"That's right," Chu Luo also thought of this after listening to Liu Ruoyi's answer. Wealth touches people's hearts, let alone such a huge wealth and honor.

To become a big brother who leads the Huaxia Internet, it is difficult for ordinary people to give up and give up.

"Of course, when we deal with the equity of the network, we should not concentrate, in addition to the equity of Aurora Culture, we will set up several offshore investment companies, and put the shares into the offshore company, for outsiders, our offshore investment companies are still small shareholders, Ding Shi is the largest shareholder on the surface, but we maintain a tacit attitude with Ding Shi. ”

Liu Ruoyi's plan naturally didn't want to stimulate Ding Shi too much, judging from the information Liu Ruoyi learned in his previous life, this big brother's heart is still quite rich, and if he can not stimulate his soft part, don't do this kind of thing.

Through a few offshore investment companies that can't be beaten, it is still possible to maintain a situation of hello, hello, hello, everyone, that is the best!