The allotment of shares requires public recruitment, so of course there will be competitors. Whether it is Cheng Yu or Ning Kezhu, it will be difficult to fully obtain the new allotment of shares from Du Group through cash. Flash Dance.
Only by exchanging the shares of the Cheng Group can all shareholders of the Du Group be satisfied and directly let potential competitors understand that they have no chance at all.
The reason for the allotment of shares is of course not to inject the newly allotted shares into the new company. Otherwise, the newly established company will only have the shares of the two groups and no actual funds.
Who has the guts to take over such a big company with no funds or only a very small amount of funds?
Moreover, if you only inject capital into a new company, it will only be a comprehensive cooperation on these existing projects, involving less than one-tenth of the two major groups. Such cooperation is obviously not enough to make
Cheng and Du completely let down their guard against each other.
This kind of cooperation is not reliable.
Cheng Yu continued, "The six points of Cheng's Group shares that I exchanged with you will serve as Du's Group's investment in Cheng's Group. Therefore, you will also be able to obtain a board of directors of Cheng's Group in the name of Du's Group."
Member's seat. And I, after receiving the shares of Du Group and those projects, will all be put into the new company, and I will also become one of the members of the board of directors of your Du Group... Lao Cheng, is this what you mean?"
Cheng Guangnian sighed slightly and said, "After all, you are still young and inexperienced. What does a new company need with such a large scale? Moreover, you hold such a large share, how can your father-in-law rest assured? Do you keep the shares of Du Group?"
Now, you just need to put all the projects you received from your father-in-law into the new company."
Du Changfeng already fully understood what Cheng Guangnian meant.
He said, "Lao Cheng, just tell me all your plans. I want to hear your details."
Cheng Guangnian didn't delay any longer and said straightforwardly, "The first step is for me to fully acquire Kezhu's company. I will buy a small share of the Cheng Group's shares and the remaining part in cash."
In the second step, your Du Group will carry out a rights issue of about 8 billion, plus the projects just mentioned, in exchange for Ke Zhu's 6% of Cheng Group's shares and some cash.
The third step is to establish a new company. Kezhu will inject the projects from your Du Group into the company and obtain 10% of the shares. Considering that those projects are currently worth about 2 billion, the total investment scale of the new company will be
, about 20 billion.
The fourth step is for the Cheng Group to allocate shares. The total amount is still about 8 billion, which is five points. I will personally buy this part of the shares, but in the name of Kezhu. In other words, Kezhu will still
I hold five points of shares of the Cheng Group. The Cheng Group and I personally have the right of first refusal to acquire the five points of shares held by Kezhu. The group is first and I am second. 35xs
The fifth step is that I will invest this part of the Cheng Group's business in the new company. At the same time, my assistant, Xu Dong, will become the CEO of the new company and be responsible for the overall operation of the new company. The new company will give Xu Dongbai
Three-thirds of the shares. At the same time, the Cheng Group received 20% of the shares of the new company.
Step 6. As far as I know, Wei Lan also owns some shares of the Du Group, right? She transferred the shares to Xiaoyu, who injected shares worth 5 billion into the new company and received 25% of the new company.
shares, served as chairman of the new company, and supervised Xu Dong's operations of the company.
In the seventh step, Kezhu transferred the equity of the new company to Cheng Yu, and transferred all the shares of the Du Group to Cheng Yu. Cheng Yu joined the board of directors of the new company and your Du Group.
In the eighth step, the Du Group injected 3 billion into the new company and obtained 20% of the shares.
In the ninth step, Cheng's Group will approve Kezhu's investment in the new company with his Cheng's Group shares worth 2 billion, and he will receive 10% of the shares.
The tenth and final step is to use the remaining 12% of the shares for the first round of financing of the new company."
After finishing speaking, Cheng Guangnian put his hands on the table. Although his body looked very relaxed, his posture was quite like Tony Leung Ka Fai in "Black Gold", angrily asking the partners "who agrees and who opposes".
The details were slightly different from what Du Changfeng had thought, but overall, Du Changfeng had already anticipated all this.
After going through the ten steps mentioned by Cheng Guangnian, the participants of a new company have almost completed the mutual participation of Du's Group and Cheng's Group, and also guaranteed the overall interests of both parties in those projects that previously overlapped and needed to compete.
"You guys, Cheng and Xiao Yu, both share the project part. Xiao Yu only holds 10%, but Cheng holds 20%. Considering the intangible assets of Cheng Group, our Du Group has to invest
It takes three billion to get 20% of the shares, which makes it difficult for me to tell them on the board of directors." After calculating, Du Changfeng said slowly.
Cheng Guangnian patted the table lightly and said, "The new company is the beginning of a large amount of cooperation between the two groups in the future. In the future, the overlapping business parts of the two groups will be handed over to the new company. However, as for the share capital control of the new company, you Du Shi have already occupied
If those fools don't agree, tell them that I will use those projects and one billion in cash to acquire 20% of the new company's shares. You Du Shi only need to take two billion in cash. However, Xiaoyu can only take 2 billion in cash at most.
If we can get 15% of the shares of the new company, the other 10% will be taken by our Cheng Group. How about that?"
In this cooperation, Du Group and Du Xiaoyu together accounted for 45% of the new company's shares. Although they did not hold a controlling share, they were very close.
As for Cheng Guangnian, Cheng Yu's 10%, Ningzhu's 10%, Cheng's Group's 20%, even if Xu Dong's 3% is added, it is only 43%.
In terms of share control, Cheng Guangnian has already given in.
Du Changfeng also sighed slightly and said, "I'll try my best to convince them, but, Lao Cheng, I hope you understand that the Du Group is not like your Cheng family. Cheng family, you alone have the final say. I have to look at the faces of other shareholders."
.”
"As long as you allocate shares successfully, Xiaoyu and Cheng Yu will control more than 10% of the shares, plus yours. If you can't handle the remaining shareholders, Lao Du, I don't think we two need to cooperate.
Let’s just start fighting.”
Du Changfeng shook his head and smiled bitterly, thinking that it would be equivalent to the Cheng Group taking control, and the shareholders would be even less likely to agree.
And if they continue to struggle with the capital of less than one billion, even if the Cheng Group takes a step back and agrees not to let Ning Kezhu take shares and introduce a third-party shareholder, then the Cheng Group will still control 43%.
The shareholding of Du Shi is only 35%.
Obviously, shareholders will not allow this to happen.
Cheng Guangnian's calculations were very accurate. Both groups' shareholdings took into account certain intangible asset effects. Correspondingly, Du's saved one billion in cash, while Cheng's saved close to two billion. However, Cheng's controllable shares were lower.
To Du's, and the equity is more dispersed, this is the biggest concession that Cheng's Group can make.
At the same time, in the newly established company, there are not only projects injected by the two groups, but also the shares injected by each, which are intertwined. This is the biggest prerequisite to protect the interests of both parties.