Chapter 117: Prevailing Capital Increase
Xu Xin looked at Lin Feng deeply, and his heart was inexplicably shocked. Pen | fun | pavilion www. biquge。 info
Although she has invested in Menglong and Fengxing Company for more than a year and has participated in many board meetings, her perception of Lin Feng has become more and more blurred, as if she has been separated by a veil.
Every decision and change of Lin Feng was without warning, but he was resolute and resolute.
And in hindsight, people are surprised to realize that he has a long-term vision and makes wise decisions.
Lin Feng insisted on promoting the listing of Menglong, which was founded only 2 years ago, and it was a wireless business that the US capital market did not understand, and no one expected that the result would be so good, and the concept of Chinese stories was very popular on the NASDAQ.
Menglong had just been listed, and when he returned to China, Lin Feng turned around and threw out the problems of the SP industry in a CCTV interview, and advocated industry self-discipline.
It shows that he has long been aware of the industry risks of Menglong Company and has begun to take measures.
Lin Feng is only 24 years old, and as the CEO of a listed company in the United States with a market value of more than 20 billion, it should be the moment when he is young and proud.
But he was good, after going public, he did not hesitate to withdraw behind the scenes, and pushed his right-hand man Li Dong to the front desk as CEO...... , showing that he has no love for Menglong's SP business, and also shows his absolute confidence in his control of Menglong Company.
Now, immediately after that, he proposed that the capital increase was ...... popular.
All this shows that Lin Feng has shifted his strategic focus from Menglong to Fengxing Company.
Did he have any big plans in mind?
Xu Xin believes that this is absolutely the case!
From the series of actions of the popular transformation game, the lightning acquisition of hao123 and foxmail, it can be seen that Lin Feng also has unimaginable insight into the Internet, and has begun to lay out.
So, the question is, Lin Feng is the major shareholder of Fengxing, holding 63.75% of the equity, he wants to continue to increase the capital, should Baring Private Equity Asia and IDG follow?
Isn't this nonsense?
As long as you have a normal vision, you can see that the popular company under the leadership of Lin Feng has unlimited prospects.
"Lin Dong, what is the scale of this capital increase?" Xu Xin stabilized his mind and asked.
"This time, I will invest another $40 million in Fengxing, and if you are interested, you can follow the investment according to the equity ratio. In addition, in this capital increase, individual shareholders such as Joe, Wang Hao, and Ye Weiyu will also follow the capital increase. Lin Feng smiled.
Xu Xin's heart quickly calculated.
The valuation before the popularity was 100 million US dollars, of course, at that time, the popularity was only Wuai Music Network, and now there are online game business, website navigation website groups, software and other businesses, the valuation will inevitably rise.
However, this kind of capital increase of the original shareholders is different from financing, and will not strictly calculate the actual valuation of the company, but will invest according to the original equity ratio, and the valuation can refer to the investment amount of Lin Feng.
Lin Feng invested 40 million US dollars, and if it still maintains 63.75% of the shares, it means that the overall valuation of Fengxing has risen to 162.8 million.
At this valuation, if Baring Private Equity Asia wants to maintain a 10% stake, it will need to continue to increase its capital by US$6.38 million. In the same way, other shareholders need to increase their capital proportionately: Wang Hao and Li Dong need to continue to invest $5.338 million each, IDCVC needs to invest another $3.14 million, and Ye Weiyu needs to invest another $2.67 million.
Lin Feng and others cashed out 128 million in the process of Menglong's listing, and turned around and increased their capital by 53.34 million US dollars.
Especially Lin Feng, who cashed out 48 million, only left 8 million for himself, and invested 40 million in Fengxing, it is estimated that if he cashes out more, he will invest more...... , what a boldness!
Since Lin Fengdu is so confident in Fengxing, with his past glorious examples, how can he not follow?
Thinking of this, Xu Xin nodded and said, "No problem, Lin Dong, Baring Private Equity Asia fully supports this capital increase and will pay the capital increase of $6.38 million in proportion." ”
Guo Yihong was a little hesitant, the fund managed by IDCVC was not large at this time, and generally only invested in early-stage projects, and there were follow-up investments, but with the addition of 3.14 million, the overall investment in Fengxing reached 8.14 million, still accounting for only 5%, he was worried that the elders of IDG would not be able to pass.
After hesitating for a moment, he said, "Lin Dong, I'll make a call first." "Walked out of the conference room.
Lin Feng didn't care.
He wished that IDG would not continue to follow the investment, and he could distribute the new shares to Li Dong and Wang Hao, to be honest, now it seems that the two of them have a little less shares in Fengxing.
To Lin Feng's surprise, IDG, which has always buckled the bar, chose to follow the investment without hesitation this time.
Lin Feng's personal charm and the industry's recognition of his business talent are higher than he thought!
has missed Menglong, the most potential company in the Internet industry, IDG will follow no matter what.
It's okay this way, Lin Feng also feels that it is more convenient.
The board of directors of Fengxing unanimously approved the capital increase plan, and all the original shareholders increased their capital proportionally, and under the condition that the shares of others remained unchanged, Fengxing Company increased its books by 62.76 million US dollars, or 500 million yuan, and Fengxing's capital reserves were abundant all of a sudden, laying a good foundation for the next step of rapid expansion.
Subsequently, Lin Feng unexpectedly, but reasonably, proposed to set aside 5% of the shares he held, set up a Fengxing employee option pool, and also promoted employee option incentives in Fengxing Company.
This also reflects his commitment as a major shareholder and the owner of the company.
I believe that the announcement of this news will greatly boost the enthusiasm of the company's employees.
After all, the example of Dream Dragon is ahead.
Many Menglong employees have also become "millionaires" by virtue of the Menglong options in their hands.
At the same time, taking the opportunity of this capital increase to re-sign the equity agreement, Lin Feng also successfully converted his remaining 58.75% of the shares into Class B shares (1 share to 10 shares), thus obtaining 93.44% of the voting rights of Fengxing Company and realizing absolute control over Fengxing.
Successfully completed the capital increase of Fengxing Company and obtained absolute control of the company, Lin Feng was in a good mood.
After the board meeting, Lin Feng once again held a meeting of Fengxing company's executives in the independent conference room of his chairman's office.
This is also the first time he appeared in front of a group of executives of Fengxing Company after he left Beijing for half a month after he left Beijing.
Everyone came to the conference room of the chairman's office and were overjoyed to see Lin Feng sitting in the center.
The forest breeze is different now.
Menglong is listed, hot discussions in China, CCTV interview, net worth of 7 billion, and the top four of the Hurun Report...... , Under the blessing of a series of halos, this young boss, who usually smiles, is sitting there calmly at the moment, but everyone seems to be looking at a god, full of respect and worship.
Lin Feng couldn't help but smile as he looked at everyone's admiring eyes.
It's okay to make them more awe in their hearts, Lin Feng smiled and said: "During this time, I was busy with the listing of Menglong, and all the affairs of Fengxing Company depend on you, everyone has worked hard!"
Everyone even claimed that they were not working hard, and congratulated Lin Feng, Li Dong, Wang Hao and others.
The bosses have gone public with Menglong, and the next step, of course, is to become popular! Everyone is looking forward to it!
I also want to follow the bosses to the NASDAQ bell ringing and playing!
Zhang Zhijiao jokingly said this sentence of everyone's heart, which caused Lin Feng to laugh.
"Don't worry, as long as everyone works together and steadily prospects in accordance with our company's overall strategy, listing is just a trivial matter!" Lin Feng reassured everyone.
As the CFO, Li Dong was busy with Menglong's listing, and now he can finally take a break to participate in the popular executive meeting.
He smiled and said: "I will tell you a good news, at the just-concluded board of directors of the company, under the proposal of Chairman Lin, the company has completed a new round of capital increase of the original shareholders and obtained more than 50 million US dollars. Moreover, Lin Dong set aside 5% of his own shares to set up an employee option pool, and the next step will be to implement the employee option incentive policy in Fengxing Company!"
"Wow! Great! Long live the boss!"
"Long live the boss!"
"Boss, you're too generous and domineering!"
A group of executives who are usually calm and calm outside, full of majesty, shouted excitedly.
Lin Feng smiled and glanced at Li Dong, and he didn't have much disgust at his move to establish his prestige among the popular executives by announcing the news.
After all, for such a long time, because he was busy with Menglong's listing, Li Dong, the original COO\CFO, has gradually felt that he has broken away from the management of Fengxing Company, Zhang Zhijiao has won the trust of Lin Feng with his excellent work performance, and has risen strongly and been promoted to the COO of Fengxing, which has also affected Li Dong's prestige in the company to a certain extent.
The occasional competition between the people below, Lin Feng felt that it was understandable.
Didn't Taizu say it all? There is no faction in the party, and there are all kinds of strange things.
As long as they maintain the bottom line, are healthy competition based on the business and the company's internal resource grab, and are all subservient to themselves, that's fine.
He curled his fingers slightly, tapped the conference table with his knuckles, and said with a smile: "Okay, let's get down to business, let's report on the company's situation during this time." ”
Lin Feng has been away from the company for more than half a month, although everyone has emails to report to him every day, but after all, he still needs to listen to their detailed reports.
This time, when Menglong was listed, Lin Feng, Li Dong, Wang Hao and other bosses were not there, and the remaining member of the company's president's office was Zhang Zhijiao.
First of all, it is up to him to report.
Zhang Zhijiao nodded, his face returned to seriousness, and he had to say that with his promotion to COO by Lin Feng, the hidden attributes on Zhang Zhijiao's body also burst out.
He is the veteran of Fengxing's company, and has participated in all the important events of Fengxing since its establishment, first cooperating with Fei Yang on Wuai Music Network, and then cooperating with Yao Xiaoguang and Xu Bo in the internal beta public beta listing of "Dance Troupe" and "Fantasy Journey to the West", and the first round of negotiations between hao123 and foxmail is also him, and it can be said that he has a good relationship with many executives. At the same time, he has a strong executive ability, and there is no lack of overall vision, and he will carefully figure out Lin Feng's strategic thinking, and has grown into a qualified COO so far.
"Boss, during your absence, the company's work is proceeding step by step. I will mainly report on the situation of the game business group and the website media business group, and wait for Lao Yao and Fei Yang to make a detailed report. ”
"Audition currently has more than 5 million monthly active users, nearly 10 million registered users, and a maximum of 280,000 online users, approaching the 300,000 mark. The monthly turnover is nearly 30 million. "Fantasy Journey to the West" began to charge officially at the beginning of last month, at 6 points per hour (10 yuan = 100 points), players can play for free until level 10. At present, there are 12 million registered users, 320,000 online users at the same time, and the monthly turnover has exceeded 40 million. The main games of these two companies are currently developing very well. Next, "The Band" will also enter the closed beta period immediately. ”
Lin Feng frowned and asked, "How is the progress of the Journey Project?"
After a CCTV interview, especially in a face-to-face interview with Wang Zhi, Lin Feng mentioned the concept of "green online games" and the concept of corporate social responsibility of game companies in his introduction to the popular game company, and began to think of the game Journey.
In the previous life, Journey attracted a large number of users because of the game design concept of extremely mining human nature, relying on the methods of "throwing money" and "PK" and "national war", but at the same time, it was also infamous and mixed in the society. Now it seems that something is not quite in line with the game concept advocated by Fengxing.
Should we make some adjustments to the journey project? Lin Feng was still a little undecided.
Yao Xiaoguang, as the general manager of the game business group, answered at this moment: "Tsunami said that it is close to the end of research and development, and if nothing else, the technology can be tested in mid-November...... However, in the past few days, several employees of Haitian Studio have left, and the tsunami is not in a good mood. ”
Lin Feng's heart moved, and he suddenly had a bad premonition.
He shook his head and decided to find out from Qin Sheng after the meeting, and not discuss it at the senior management meeting: "Let's not talk about the journey project, what about the website?"
Zhang Zhijiao was stunned for a moment, it was the first time he had seen Lin Feng put aside the problems in the company for the time being.
But who can really understand the thoughts in the heart of this amazing boss?
"As the flagship of the company's website media group, Hao123 has stepped up the promotion of its website advertising business and related businesses......
The company's business report continued, and Lin Feng nodded as he listened.
But there are countless thoughts in my mind.