258 Shareholder Change (2)

The downtown area of Jianghai is lined with high-rise buildings, and all those that are close to the Pujiang River and can see the river view through the floor-to-ceiling windows can be regarded as high-end office buildings.

On the top floor of such a high-end office building, in a conference room with a simple sci-fi style, Chen Wenhao and an executive-looking person sat side by side at the conference table, each holding a signature pen and drawing his name on the contract. The flash was on, and the staff of the corporate public relations department holding the SLR pressed the shutter to photograph this commemorative scene.

The assistants crowded on both sides hurriedly stepped forward and took the signed contract, followed by procedures such as stamping the official seal and notarization by lawyers, but these will naturally be handled by professionals.

Standing up, Chen Wenhao shook hands with Guan Zhijie, President of China Development Bank, who completed the signing ceremony together, "President Guan, welcome CDB's stake in Kamodo, and wish us a happy cooperation in the future." ”

Guan Zhijie, who is nearly sixty years old, does not look old at all, his hair is black and thick, he wears a light gray suit, a pair of gold-rimmed glasses, and his temperament is elegant. ”

The buffet banquet after the signing ceremony, the atmosphere was relaxed and casual, and the questions that should be asked, what should be said, and what should be fought for have been showdown one by one at the negotiation table a few days ago.

Halfway through the banquet, a group of executives of the Kamodo company spontaneously gathered together, and everyone relaxed, and couldn't help but whisper about this blockbuster negotiation and the final agreement, and the words were full of expectations for the development prospects of the Kamodo company.

After all, the new shareholder introduced this time is the well-established China Development Bank. This bank, which is not well-known among ordinary people, has a transcendent position in the domestic financial world: it is a direct subordinate state. The largest shareholder of the policy-oriented financial institutions led by the State Council is the Ministry of Finance of China, whose main business is to carry out medium- and long-term credit and investment, and serve major medium- and long-term development strategies.

Knock on the blackboard, highlight the emphasis, and pay attention to three key words: country. The Ministry of Finance, the Ministry of Finance, major strategies. Therefore, in a sense, being able to obtain the bank's investment and shareholding shows that the business and direction of this enterprise have been recognized and valued by the state.

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Subsequently, just one day later, Chen Wenhao and CIC representatives also finalized the details of the stake and signed the contract. The terms of equity acquisition are basically the same as those of CDB.

The purpose of its establishment is to diversify the country's foreign exchange funds, with a registered capital of 200 billion US dollars. To put it mildly, it's actually China's sovereign wealth fund.

Like CDB, when Minister Dai expressed his intention to reach out to them through his old friends, he immediately released great enthusiasm. For Kamodo Company and Infinite Future Company, all those who do equity venture capital in China are salivating over them. CDB is looking at its technological leadership and industry growth, while CIC hopes to expand its global reach with its products. It's just that Chen Wenhao has been closing the door to equity investment before and has nowhere to start.

The advantage of taking the high-level route is that it saves layers of process and time of reporting to superiors, and the progress is unexpectedly fast. It's so fast that it doesn't look like you're dealing with a state-owned enterprise.

At the same time, negotiations with A and G are also running in tandem. And, of course, Facebook.

***

In the two weeks after the meeting of the representatives of the five major shareholders, the outside was calm, but the internal situation was changing.

Chen Wenhao led the team to negotiate with the two companies A and G who wanted to withdraw their shares, and quickly finalized the details of the withdrawal: Kamodo Company repurchased all the shares in A and G at a total price of 12.96 billion US dollars, accounting for 24% of the total share capital, and the withdrawal contract began one month after it took effect, with a cycle of 30 days, paid in three cycles.

Compared with the total $6.48 billion raised by A and G when they first took the shares, the investment has doubled in two years, and from this point of view, the rate of return is very gratifying. However, neither A nor G showed much joy. After all, there is nothing to be happy about when compared to the hundreds or thousands of times the returns that have occurred in the IT venture capital world, and Kamodo has such potential. If it weren't for politics. It would be a fool's move to let go during the trough of valuation.

……

Chen Wenhao and Tang Lichao, a representative of Facebook, talked about buying back 11% of Facebook's shares at a price of $5 billion. Of the 5 billion, half will be paid in cash, and the other half will be deducted in the spot of new batteries for 2 years. In addition, two years later, the deadline for the new battery industry alliance's technology ban has also arrived, and Facebook will have the priority to license the new battery technology.

This is not out of the cooperation framework negotiated by Chen Wenhao and Xiaozha in advance. Facebook has no plans to force the withdrawal of shares, but Chen Wenhao hopes to complete the restructuring of shareholders in one step, and finally agreed to use the stable supply of new batteries as a bargaining chip.

New batteries have now become the standard for high-end electronic products, but because of production capacity, only companies in the alliance can get a stable supply. Xiaozha's hardware R&D department has a strong demand for new batteries, especially for high-altitude signaling devices in its global connectivity program, which will extend the operating time of the equipment by more than 10 times.

As for the new batteries currently on sale, Chen Wenhao is only a transitional product, otherwise he will not form an industrial alliance and actively spread this technology. If you can use this technology to make a huge excess profit in the first few years, you can count it as a complete task. Sooner or later, such products will become inexpensive and abundant.

……

The two shareholding agreements signed with China Development Bank and China Investment Corporation (CIC) have brought this round of intensive negotiations to a successful conclusion.

The two national teams each received a 12% stake in Kamodo and a seat on the board of directors, which coincided with the positions of A and G after the withdrawal of shares.

What matters is the subscription price. After reviewing the various financial statements of the Kamodo company, the two national teams lowered the price a little, and readily accepted the offer: 12% of the shares, with a total subscription price of 107 billion yuan, or about 16.2 billion US dollars. Among them, CIC is settled in US dollars.

The 11% stake originally held by Facebook, after Chen Wenhao repurchased, there is no preparation to release it for the time being. As a result, his stake in the company reached 66%.

The market value of Kamodo, after this round of integration, has risen fivefold compared with the market value when it was established, and the market value has reached a scale of 135 billion US dollars. This is not one of those pheasant projects, just toss something, and dare to close your eyes and quote sky-high prices. The market value of Kamodo is backed by real money invested by professional investment institutions.

At this time, the market value of an e-commerce platform ranked third in the market value ranking of domestic Internet companies was less than 100 billion US dollars. The Kamodo company, which has only been established for two years, has shocked the industry by leaps and bounds.