Li Dong pondered for a moment and clarified his thoughts. Pen % fun % Pavilion www.biquge.info

Looking up at Lin Fengdao: "Lin Dong, if you form two business groups according to your requirements, there are two plans. ”

Lin Fengxi said: "Joe, you really didn't disappoint me, tell me about it." ”

"First, it is funded by Fenghua Culture to acquire Wuai Music Network from Fengxing, which is relatively simple. It is enough to value Wuai Music Network, which does not involve the change of shares, and for the original shareholders of Fengxing, they can also cash out and leave the market. But this needs to be approved by the board. And now the valuation of Wuai Music Network is very high, and for Fenghua, the financial pressure will be relatively large. ”

"Second, the two companies of Fenghua and Fengxing merged in the music business, and according to the valuation of the shares held by the shareholders of the two companies, they recalculated and reorganized to establish a new Fenghua culture, and determined the shareholding ratio of the new company according to the valuation of the original shareholders of the two companies. In this way, the shareholders of Xinfenghua Company will include the original shareholders of both companies. This restructuring plan does not involve acquisition funds, but only accounts at the capital level. It's just that in this way, for the original shareholders of Fengxing, it is equivalent to investing in two companies, and the venture capitalist has a large number of documents to re-sign. ”

He paused for a moment, and then said: "Lin Dong, I probably understand what you mean, you want to reorganize the ...... of the company's various business segments. So can we think about it from a different angle?"

Lin Feng was curious: "Oh, Joe, do you have any new ideas?"

He just felt that the music business sector needed to be adjusted, and the specific solution was just his whim.

Li Dong is professional in capital operation, and Lin Feng also wants to hear Li Dong's opinion.

"From the perspective of a mature foreign business environment, a company will gradually form many business segments in the process of development, in this case, some companies will split their businesses and establish a number of subsidiaries, and the parent company will gradually evolve into a holding company or group company. The upside of this is that capital markets don't like diversified holding companies that operate different businesses at the same time, as they are often opaque, difficult to analyze their true value, and investors are skeptical about their ability to operate in disconnected industries at the same time. ”

"Therefore, when this kind of diversified company spins off its main subsidiaries and goes public, it will be welcomed by the market. Whether it is the original parent company or the subsidiary that is independently listed after the spin-off, the valuation will increase, and the so-called value release phenomenon will appear. The reason for this is that the management of the independent subsidiary has gained greater autonomy and more motivation to expand the business and perform well. In addition, after the spin-off, both the parent company and the subsidiary will have richer and more transparent information disclosure, which is convenient for investors to make correct valuation and pricing. ”

"But I think that at present, Fengxing and Fenghua have not yet reached this stage that needs to be split, but need to form a joint force to seize market share and enhance the company's overall influence in the market. ”

"Instead of splitting into two companies, Fengxing and Fenghua, can we reverse and set up a group holding company?!"

"By this new holding company, the two companies of Fengxing and Fenghua will be merged, and Fengxing now has a website business group and a game business group. Fenghua has a record and performing arts brokerage business, and after we merge the two companies, we only need to reorganize the structure. For example, we re-divide the music business group and the game business group, which can also achieve the role of adjusting the business segment. ”

In this way, for the original shareholders of Fengxing, the company's assets have been increased, and the new record, performing arts and other businesses will bring about an increase in the company's overall valuation. For the original shareholders of Fenghua, they can enjoy the dividends of my love music network and even the game business, although the shares have been reduced, but the value has increased significantly. ”

Li Dong talked eloquently, and Lin Feng nodded frequently as he listened.

Li Dong is right, and there is another thing that Lin Feng just thought, judging from the experience of his previous life, those Internet giant companies are all different business departments under a group company, and they are not split into many subsidiaries, which shows that they have also been considered.

In addition to Ali, Alipay was spun off from Ant Financial due to policy reasons.

Other Tencent, Baidu, JD.com, 360, etc., cover a wide range of business areas. But except for non-Internet core businesses such as film industry, there is no split.

Lin Feng continued to think deeply, and then he will continue to develop new businesses, such as payment, instant messaging, e-commerce, etc., will all set up new companies to operate? In that case, just in terms of management, it will be very complicated, and now two or three companies will make him take care of one or the other.

Management teams and talent are also prone to redundancy.

Thinking of this, Lin Feng nodded and praised: "Yes, Joe, you reminded me that in addition to Menglong is a wireless business and needs to be separated, we should be committed to building a large company in the direction of the Internet, and all the core businesses are placed in it and operated in the way of a business group, which is easy to form a joint force and easy to manage." ”

He looked at Li Dong and smiled: "Joe, you should take this matter to heart, don't worry." You are busy with the listing of Menglong first, about the merger of Fenghua and Fengxing, and the establishment of a holding company, you take the time to form a plan, and we will find an opportunity to discuss it in the board of directors. It is expected to be completed by the end of the year. ”

"Okay, Lin Dong. Li Dong was also very happy to see that Lin Feng agreed with him.

The trust of the boss is the core competitiveness and status of professional managers.

"Then I'll go down, and I'll tell you the truth, what you said at the meeting before made the people in the listing team very excited, and they all hope to use the Menglong project to break the situation that Chinese companies have not been listed on the NASDAQ for three years, and the ice-breaking battle is also very challenging for them. All of them are more motivated than me!"

Lin Feng laughed and said, "That's good, Joe, it's hard!"

"Yes, and thank you for your trust. Entrust me with such an important matter. ”

"Alright, Joe, let's not be polite. We're partners!"

After a few words, Li Dong got up and went downstairs.

………………

Lin Feng thought about it, as if he didn't have anything to do at this time.

Menglong Company's current focus is to prepare for listing. Leave it to Li Dong with full authority.

The most important thing for Fengxing Company now is the launch of "Audition", and judging from the internal beta situation, it is very optimistic. The front-line command composed of Yao Xiaoguang and Zhang Zhijiao is enough to cope with both execution and professionalism.

The abilities of these two people are not limited to one game. Lin Feng had high expectations for them, and this battle of "Audition" was just a battle for their practice.

Maybe keep an eye out for the other two game studios that are still hard at work.

Thinking of this, Lin Feng asked Sun Lin to find Qin Sheng.

Since Qin Sheng came to Beijing, as his brother and the spokesperson of the game business, Qin Sheng has been serving as the vice president of the company's game business group, and has focused on the development and coordination of the two MMRPG games "Journey" and "Fantasy Journey to the West".

At that time in Zhuhai, several other members of Lin Fengjian's Xishanju team, Yang Yuming, Hu Yi and others also left Xishanju at the end of 02 and early 03 successively, came to the capital to join Fengxing, and entered the "Haitian" and "Dream" studios respectively, becoming the core members of the R&D team.

Because of his relationship with them, Qin Sheng knows the work of these two studios very well.

Qin Sheng soon came to the office.

This kid is dressed in crisp casual clothes, with high-dyed blond mid-length hair and a stud earring.

Lin Feng beckoned him to sit down, "Qingsheng, what are you busy with?" I don't look for you, why don't you come to talk to me." ”

Qin Sheng leaned back on the sofa, picked up the cigar and lit it, and said with a smile: "Aren't you busy with the battle meeting of that dance troupe, I see that you are keeping an eye on Lao Yao's piece, I will help you watch the other two studios, and I have been trying to talk to you in the past two days." ”

Lin Feng was not in a hurry to talk about work, looked him up and down, and sighed: "How do I feel, if you stay in the company like this, are all those girls in the company teased by you?"

"I'll go, am I that kind of person? Is it because I was teased by the girl in the company?" Qin Sheng expressed disbelief.

"You and Lena are completely broken?" Lin Feng felt a little regretful.

When I went back to Lanzhou last time, Qin Sheng's girlfriend Wang Lina swore that if Qin Sheng went to work in other places, she would follow her, as if it was still in her ears.

When Qin Sheng went to Zhuhai, Wang Lina did go to Zhuhai with her, but she never found a suitable job there, and after staying for a while, she returned to Lanzhou.

The two were separated from each other, and after a long time, they gradually faded.

It's like the saying: As you walk, you will disperse, and your memories will fade.

"Anyway, what's your situation now, we haven't had a good gettogether recently. Lin Feng asked.

Qin Sheng smiled: "Dude, what's the matter, there's a girl recently...... Don't worry, it's not our company, when will I take you to meet. ”

When he said this, Lin Feng felt envious, jealous and hateful.

In his previous life, Qin Sheng never lacked women, and all kinds of girls rushed towards him like moths to the fire, which fully showed what it means to be just.

"You, take it easy, find a good girl, and stabilize it. Lin Feng casually persuaded. Didn't say much.

The friendship between the two lives, he knows that persuasion is useless. Qin Sheng has the romantic character of this prodigal son.

"Forget it, let's not talk about this, I'll tell you about the sea and sky and the dream situation. Qin Sheng didn't want to listen to his nagging and diverted the topic.

"On Haitian's side, Lin Haitsumi is indeed very awesome, an absolute genius, and his many ideas on game design are really breathtaking. Qin Sheng sighed.

"The R&D progress of the journey is not bad, but ...... , I feel as if Lin Haitsumi is relatively lax in management...... , Maybe his skills are too strong, and the attention is also on research and development, and the people below are all responsible for some minor work, and the enthusiasm is not too high, except for the knife A few people who came from Wenling with him, the newly recruited people are very loose in their work, I mentioned a few words to the tsunami on the side, but he didn't seem to pay attention to it. Qin Sheng frowned.

Lin Feng nodded: "I feel this way too!" I always feel that my heart is not very stable, Qingsheng, you can help me keep an eye on it more." How do Yang Yuming and Wu Yue feel in the team?"

"The two of them are very good, especially Yu Ming, who has a very tacit understanding with the two planners of Xiaodao. Lao Hu is basically the main program. By the way, Lao Hu was still talking to me about the 3D engine that day, and he always wondered about the Xianxia online games you mentioned before. ”

Lin Feng Yile: "Okay, when the journey is launched, let's prepare to make a Xianxia online game." Xiao Sheng, these people in Xishanju are our own people, you usually talk to them more, tell them that when the conditions are ripe, let's make a 3D version of a large-scale Xianxia MMRPG game, which is better than Sword Net, and don't let them down. ”

"Well, I know. ”

"Fantasy is very good over there, Lao Xu and Lao Liu, a few of them are holding back their efforts to make a more classic Journey to the West game than big words, I recently played it in closed beta, it's very good, to be honest, with my experience of playing games since I was a child, among the games developed by our company now, I am the most optimistic about Dream!" Qin Sheng praised the fantasy team without hesitation.

Lin Feng really laughed this time: "Haha, love saint, our two brothers are heroes, and I am also the most optimistic about the Fantasy Journey to the West!"

After thinking about it, he said to Qin Sheng Zhengse: "Xiao Sheng, you are more professional than me in the game, you still have to pay more attention to help me watch this stall." Lao Yao and Lao Xu are easier to get along with, talk to them more. Lin Haixiao, a technical genius, wants to give him more space ....... It's just that you should pay more attention to the people below, so as not to make any mistakes. ”

"Don't worry!"