The investor's capital increase will reduce the original equity ratio of all shareholders year-on-year, which is usually called equity dilution caused by financing. For example: angel round financing of 1 million, give up 10% of the company's equity, then the original shareholder's equity should be diluted to 100%-10%=90%, if the company has two founding shareholders, respectively holding 70% and 30% equity, after financing, it becomes 70%x90%=63% and 30%x90%=27%, and the remaining 10% is the investor's equity.

According to the valuation of several other companies when they first raised funds, the valuation of Guanghui Pay in everyone's hearts was about 200 million, and if Guanghui Technology injected 100 million, it would be equivalent to diluting half of the equity of the original shareholders. At present, the main asset of Guanghui Investment is to hold 60% of the non-voting rights of Facebook shares, which we have not fully realized the value, so everyone thinks that the valuation of 100 million is not estimated, and 100 million yuan of Guanghui Technology is directly invested in, and the company can be directly bought, because Guanghui Technology itself is the major shareholder of Guanghui Investment, so if you buy it, most of them are still left-handed to right-handed transactions of Guanghui Technology.

"At present, the valuation I pay for Korn Glory is 200 million, and the valuation of Korn Glory Investment is 100 million. Shareholders can choose to inject additional capital in the same proportion as Korn Ferry, or they can choose to dilute their stake, or sell their stake outright. I don't make any demands on which one to choose is exactly what the shareholders want. However, I hope that everyone will be responsible for their own choices, and no matter how the company develops in the future, no matter how the company develops, no one will regret their choices today," Jiang Hui said.

According to this capital injection ratio, shareholders who originally held 1% of the shares of Korn Ferry Pay need to invest about 1 million to ensure that their shares are not diluted, which is actually a pressure for most shareholders. However, Jiang Hui felt that Guanghui Pay and Guanghui Investment had reached the point where they could not do without financing, and it was better to let Guanghui Technology come by itself than to let venture capital pick up the cheap. Anyway, Radiance Technology wholly owns Radiant Games, and now it's really not bad for money.

"You don't have to make a choice now, you can tell Zeng Qingying if you make a decision at any time in the next three days, and she will be responsible for all the procedures for this equity change and transfer," Jiang Hui said.

Originally, I heard Jiang Hui say that everyone should choose whether to inject capital, dilute equity or transfer equity, and the shareholders are still anxiously struggling to choose which one is better, but now Jiang Hui said that there is no need to decide now, just make a decision in the next three days. I couldn't help but breathe a sigh of relief. Which of the three roads to choose, everyone really has no spectrum in their hearts. On the one hand, most people should not be able to take out so much cash directly, except for a few shareholders, and even so, everyone is very hesitant between diluting equity and transferring equity.

The wealth is moving, only everyone chooses to transfer equity, then the two companies combined, as little as seven or eight hundred thousand, as much as one hundred and fifty six hundred thousand or even more, this money in 2004 is still relatively purchasing power. Those who pursue a lower level can directly use this money to buy a house and a car in the imperial capital, and they can slowly live a small life.

"I chose to transfer the equity, and I can give feedback to Secretary Zeng now, so I don't have to wait a few more days," He Ling said with a smile.

Today's matter, Jiang Hui also mentioned a few things to He Ling. However, with He Lingbingxue's smart mind, she must know that Jiang Hui wants to concentrate the shares of Guanghui Pay and Guanghui Investment. Although this decision is definitely not aimed at He Ling and Bai Xue, if He Ling takes the lead in choosing equity transfer, more people will make similar choices, after all, people have a herd mentality.

In addition, the shareholders not only have shares in Korn Ferry Pay and Korn Ferry Investment, but also several others, so if you think about it, continuing to hold shares in other companies and cashing out the shares of Korn Ferry Pay and Korn Ferry Investment is actually not a bad choice. After all, no one knows how far these two companies will develop in the future, and judging from the current situation, Jiang Hui's choice for everyone is still very fair and acceptable to everyone.

"I chose to transfer the shares of Korn Ferry Investment and dilute the shares paid by Korn Radiance", Tang Minghua also made a similar choice after seeing He Ling make a choice.

"I also chose to transfer the shares of Korn Ferry Investment to dilute the shares paid by Korn Radiant," Lu Yang said.

"I choose ......"

……

In the eyes of everyone, the prospect of Guanghui Pay is obviously much better than that of Guanghui Pay, so under the demonstration of Tang Minghua and Lu Yang, basically all of them gave up the shares of Guanghui Pay, leaving Li Xingping, who was not present, and Li Xingping, who was not present, needed to wait for the meeting to inform him before knowing his choice.

Jiang Hui combined everyone's situation and calculated the equity of Guanghui Pay and Guanghui Technology in his heart. Since most people chose to dilute the equity of Guanghui Payment, and a small number of people chose to transfer their equity, Guanghui Technology probably owns 95% of the shares of Guanghui Pay, and Guanghui Technology is close to 100%, and it depends on how Li Xingping chooses in the end.

"No matter what choice you make, I respect your choice. But I still want to emphasize that I am responsible for my own choices, and no matter whether these two companies go bankrupt or grow in the future, everyone should not regret it," Jiang Hui said.

Jiang Hui is really a little worried, after Guanghui Pay and Guanghui Investment become giants, can today's shareholders be able to treat today's choices so calmly, I hope not to bury hidden dangers for the future development of the group.

"Following today's opportunity, in order to accelerate the future development of the group's companies, I am ready to make certain adjustments to some of the leadership teams of each company," Jiang Hui said.

Although companies such as Intranet and Tudou have shares in venture capital, Jiang Hui is still the absolute majority shareholder, and as long as Jiang Hui does not deliberately assign the personnel sent by the venture capital to the corner, they have no right to oppose Jiang Hui's appointments. Jiang Hui also didn't want to discuss and discuss various personnel appointments at the shareholders' meeting when the company had not yet developed and grown, wasting time, and he directly decided to make an announcement.

"Then Liao Yun will announce the personnel appointments of each company," Jiang Hui said.

Liao Yun is the secretary in charge of business coordination and other affairs within the group, Jiang Hui hopes to strengthen her authority, otherwise a girl who has just graduated from her will not necessarily coordinate the affairs of various companies. As for Liu Chujing, nominally she is only the head of the personnel department of the school network after all, and it is not particularly appropriate for her to announce the appointments of the group's companies.

(End of chapter)