Chapter 1197: Protective Cover or Shackles

The reason why Boss Mu is optimistic about Charming Xiuxiu and invested 40 million yuan when the other party was still very weak is because of his own time and space memory.

In my memory, this company is a standout, firmly occupying the top spot in the graphics processing software on mobile phones and the BeautyCam APP, and the number of users continues to blow out, and it has been popular with many investment institutions, including many famous bigwigs in the investment industry.

At that time, Boss Mu was also a user of Charming Xiuxiu, and when he inadvertently saw the huge investment value of this company on the news, he just sighed.

Therefore, at this time and space, he wants to seize this investment opportunity and make a good profit. This is different from gold speculation, which uses Shi Kun's information, and making money from the charm show project is made by himself based on memory, and the sense of achievement is completely different.

The current development of Xiuxiu is also basically consistent with his memory: the user base is huge, the investment value has surged, and many bigwigs in the investment community have gathered to share the feast of wealth.

The reason why it is said to be a feast is because this company has met the conditions for overseas listing, although the overall has been losing money, but the revenue and market value have reached the standard.

Therefore, Charm Xiuxiu will continue to raise funds, and the amount is getting larger and larger, in order to prepare for overseas listing.

But there is one thing that Boss Mu is not clear, that is, how the company behaved after it went public, and this situation is beyond the scope of Boss Mu's time and space memory. Before again, Boss Mu also took it for granted that such a popular project in the investment community would definitely perform well after listing.

But now, Wang Xinlan used detailed data and rigorous analysis to deduce a completely different result, which made Mu Dong feel very surprised and surprised.

Especially the two inferences made by Wang Xinlan made Boss Mu very convinced.

First, even if the performance of Charm Xiuxiu after listing is acceptable, it is limited to various restrictions on the investment exit mechanism, and Dadong Group wants to make a handful of it after listing, which is basically impossible to achieve;

Second, if the following rounds of pre-IPO financing continue to chase investment, compared with the later returns, the rate of return will be significantly reduced, and there is even a risk of loss.

……

Boss Mu thought about it in the office for a long time, and finally made up his mind before lunch: throw!

After making up his mind, Boss Mu felt a lot calmer, and couldn't help but start thinking about Wang Xinlan's performance this time.

Through this incident, Mu Dong is very satisfied with Wang Xinlan's attitude and ability, which shows that Wang Xinlan, as the president, has completely entered the state.

It was a very wise decision to push her to the front desk in the first place.

……

After lunch, the wise Mr. Mu called Wang Xinlan, explained his thoughts, and then began to discuss the next action plan.

If you want to quit now, it is not an easy thing, and you must plan carefully.

At the beginning, in order to firmly bind the interests of Charm Xiuxiu, Boss Mu signed an agreement, and the two parties agreed that the 5% of the original shares held by Dadong Group should not be diluted, and at the same time, it was necessary to ensure that the total number of shares was not less than 25%.

The rights and obligations are reciprocal, that is, as long as Charm Xiuxiu initiates financing that is accepted by the market, Dadong Group must follow the investment, so as to ensure a 25% equity ratio.

Now, Dadong Group wants to withdraw, does not want to invest, and of course it is bound by this agreement.

The positive factor is that the management of Charm Xiuxiu has been trying to dilute the shareholding ratio of Dadong Group, and as long as Dadong Group says that it will withdraw, it should be possible to reach an agreement.

However, it is also likely to take the opportunity to blackmail: we do not accept your withdrawal or reduction of shareholdings, so let's follow suit;

Or, create some hurdles in terms of the price of taking over the shares.

It's like marching to war, where either side retreats and faces the pursuit of the other.

……

The two discussed back and forth for a while, and then called Feng Huan, the general manager of Dadong Investment Company, and the three of them discussed for an hour or two, and finally formulated a course of action.

In the afternoon of the same day, Dadong Group sent a business plane to Xiamen with a working group led by Feng Huan.

Charm Xiuxiu attaches great importance to the team of shareholders and arranges high-level pick-up, and the hotel has been arranged a long time ago.

There was nothing to say for a night, and the next morning, Feng Huan met Cai Changsheng and Wu Zeyuan, and after the three of them exchanged pleasantries, they got down to business and began to discuss the upcoming D round of financing.

After Wu Zeyuan introduced the basic situation of financing, it was Feng Huan's turn to speak, so Mr. Feng shook out the explosive news neatly.

"Mr. Cai, Mr. Wu, our company's recent financial pressure is very high, Dadong Semiconductor is facing the third round of investment, and the company's current funds are leaning over there, so I came on behalf of Mr. Mu this time to ask for personal favors from the two. ”

Well, what's going on?

Wu Zeyuan hurriedly asked, "Mr. Feng, please speak." ”

Feng Wan said slowly: "Mr. Mu hopes that we will not follow the D round of financing this time, so that our shareholding ratio will definitely be reduced to less than 25%, and when the next financing comes, we will invest more and pull the shareholding ratio back to 25% again." ”

After Feng Wan finished speaking, she raised her head and looked at Cai Wu, her expression was very calm, as if she had said something as big as sesame.

Cai Wu and the others were stimulated: What do you mean? It looks like we are determined to eat? Can't we not agree?

The room was quiet and the atmosphere became subtle.

After about ten seconds, Cai Changsheng coughed lightly and said slowly: "Mr. Feng, this matter is very important, we not only have to reach an agreement internally, but also coordinate various external investment institutions, so we can't give an answer now, and we need some time to discuss and operate." ”

Feng Huan's expression froze, and her tone was a little unhappy: "Oh, then, how long will it take?"

"A week, is it okay?" Cai Changsheng said.

"So long?" Feng Huanzhi frowned.

"Well, let's hurry, three days. Cai Changsheng said.

Feng Wan stood up and said lightly: "Okay, we have been cooperating for a long time, we all know each other, Mr. Cai and Mr. Wu, anyone may encounter difficulties, please be considerate." ”

Cai Changsheng was a little angry in his heart: You are not asking for understanding, are you? Why does it sound like a threat?

said: "It's easy to say, it's easy to say." ”

……

After Feng Wan left, Cai Wu and the others went to Cai Changsheng's office and silently brewed kung fu tea. After a bubble of Tieguanyin, Cai Changsheng slowly asked, "Zeyuan, what do you think?"

Wu Zeyuan frowned and said: "If you agree, you can't definitely agree, we need to analyze it now, if you don't agree, what will happen?"

"Tell me about it. Cai Changsheng said.

"One possibility is that the other party tried all means to raise funds, or participated in this financing, so that we can be regarded as offending them, and in the future, the other party is likely to set up all kinds of obstacles for us on major issues;

Another possibility is that the other party gave up the financing and directly defaulted, so that although we occupy the height of morality and legal theory, once we are caught in a lawsuit, it will directly affect the process of our overseas listing, and will also affect the investment enthusiasm of other investors. ”

Cai Changsheng nodded: "In other words, the other party has also taken into account these possibilities, which is why Feng Huan is so arrogant." ”

Wu Zeyuan said helplessly: "The other party holds a quarter of the shares, and he does have arrogant capital when he starts the whole body." ”

Cai Changsheng nodded: "Do you have any ideas?"

"How about discussing things on a case-by-case basis?" Wu Zeyuan said.

In this way, the previous agreement on the shareholding ratio will be abandoned, and the other party is afraid that it will not agree. ”

After pondering for two seconds, Cai Changsheng said again: "Zeyuan, there is another possibility, will the other party want to retreat?"

Wu Zeyuan was stunned: "Won't it?"

Then he laughed and said, "If that's the case, that's great." ”

"Let's verify it first. Cai Changsheng said.

……

In the next three days, Cai and Wu verified two questions, one is the financial situation of Dadong Semiconductor, and the other is the financial situation of Dadong Group, and the results of the verification made them very satisfied.

For a long time, many people have known that Boss Mu has invested abroad and has huge returns, so his company is not short of money and rarely takes loans from banks.

However, since the second half of last year, the funds in Boss Mu's hands seem to have run out, and various enterprises under Dadong Group have begun to borrow from banks. Well, the loan officers of various banks are like the holidays, frantically asking for support, and the movement is not like talking.

Also, the assets of the enterprises under the Dadong Group are in such good condition that they can be used for mortgage loans and have a lot of good assets that can be used for mortgage loans, so there is no need to worry about loan recovery.

As soon as these circumstances were summarized, Cai and Wu basically confirmed that Dadong Group was indeed short of money.

Because even if various banks actively provide loans, in the face of the astronomical investment of 10 billion US dollars in the third phase of Dadong Semiconductor, the pressure on Dadong Group will be very great.

In that case, then we're going to have to break it down.

……

On the morning of January 8, Cai and Wu made an appointment to meet with Feng Huan and proposed a compromise plan: one thing for one discussion.

That is, this financing, Dadong Group can not invest, how to invest next time, next time to discuss specifically, this plan has a premise, that is, the previous signed agreement "on Dadong Group's shareholding of not less than 25%" must be abolished.

Feng Huan's heart blossomed, okay, good, the goal was finally achieved.

However, she did not forget her self-cultivation as an actor, she stood up with a straight face and said lightly: "You guys don't give face?"

After saying that, he brushed his sleeves away, and then an hour later, he checked out and left, returning to Quancheng.

……

Cai Wu and Wu were not in a hurry, they did layers of deductions, and the worst result was nothing more than admitting cowardice and agreeing to each other's requests.

Now that the conditions are so good, of course, we can't easily admit it, so let's fight for as much as we can.

Still, the gesture still needs to be done.

They waited for a day, but the Dadong Group did not respond, so the next day, they rushed to Quancheng and asked to see Mu Dong.

Mu Dong politely met with the two of them, but he didn't talk about specific affairs, saying that he had withdrawn from the management of daily affairs, and Wang Xinlan was in charge of specific affairs.

Half an hour later, Cai Changsheng and Wu Zeyuan met Wang Xinlan.

Wang Xinlan is also well-known in the investment world, and many people know that Boss Mu's investment business in the United States is managed by this beauty.

Therefore, in the face of Wang Xinlan, Cai and Wu showed enough respect, they sincerely analyzed the specific situation of the D round of financing, stated the current practical difficulties of Charm Xiuxiu, pointed out the complexity of communicating with other investors, and finally proposed that Dadong Group would understand the difficulties of Charm Xiuxiu and make key concessions.

Wang Xinlan groaned for a while, and said with a smile: "I have also been engaged in investment for many years, Mr. Cai, Mr. Wu, comprehensive analysis, the possibility of Charm Xiuxiu obtaining overseas listing is still very large, so if it is not for the actual difficulties, Dadong Group will not give up any round of pre-listing financing." ”

Cai Changsheng said: "Mr. Wang, of course. ”

Wang Xinlan continued: "When doing business in China, I always like to talk about human feelings and ignore the rules, I have worked abroad for a long time, I prefer to talk about the rules, but the human feelings in the domestic business field are not useless, so since you have come all the way, we can't do without any expressions." I propose a compromise in which we agree with the one-case-one-discussion strategy and the annulment of the previous agreement, but our 5% non-dilutable equity must be retained and the legal documents re-signed. ”

Happiness came too suddenly, and Cai Wu couldn't help but be a little confused. In their eyes, even if the 25% shareholding ratio cannot be completely abolished, a small part of it can be abolished, but unexpectedly, the other party directly agreed to cut off most of it, and only asked to retain 5% of the non-dilutable part.

That's definitely possible!

However, of course, you can't say yes right away.

Wu Zeyuan said in embarrassment: "Mr. Wang, from the perspective of business rules, your requirements are still a little unreasonable. ”

Wang Xinlan's face turned cold all of a sudden, she clasped her arms in her hands, leaned back on the chair, and said slowly: "Oh, it seems that I made a drastic concession, and you are not very satisfied." Forget it, your D round has only raised $190 million, and Dadong Group can also take it out if it smashes the pot and sells iron. ”

Cai Changsheng thought about it urgently, and said with a smile: "Mr. Wang, we need to discuss with the legal department and reply tomorrow, is it okay?"

Wang Xinlan spread out his hands and squeezed out a smile: "Of course you can." Mr. Cai, let me state in advance that when our capital situation slows down a little, I will continue to add to the next few rounds of investment, and you should not treat it differently when the time comes. ”

Cai Changsheng waved his hand: "Of course not." ”

But in my heart, I secretly slandered: As long as you lose the initiative and the protective cover, you are not at our kneading, hehe, my heart is very beautiful!

……

On the morning of the next day, Cai and Wu visited Wang Xinlan again and replied, agreeing to retain 5% of the non-dilutable equity of Dadong Group, and other relevant restrictions were abolished.

In fact, this 5% stake will be retained by Dadong Group until the Charm Xiuxiu is listed, which was proposed by Boss Mu, and he wants to see how the Charm Xiuxiu will perform after the listing.

……

In the afternoon of the same day, the contract and legal staff of Charming Xiuxiu flew to Quancheng and began to discuss the terms of the new contract with Dadong Group.

Dadong Group and a group of people did enough drama, procrastinating, and reluctantly, it took three days, and the two sides completed the negotiation of the contract text, and two more days later, before the new contract was officially signed. At this time, it was already January 15th.

After the contract was signed, both parties breathed a long sigh of relief.

Charm Xiuxiu feels that she has finally removed the protective cover of Dadong Group, and she can quietly dilute the other party's equity, and if it can be diluted to about 10%, it would be the best.

Dadong Group feels that the shackles have finally been removed and it can gradually withdraw. Of course, any reduction of shares will be reported to Charm Xiuxiu, and the other party's right of first refusal will be respected.

The other party will not be unwilling, but will only be happy. The only thing the other party may regret is that the contract was annulled, giving them one less chance to blackmail.