After spending a few days, Li Mu and Wu Fei finally chose their target.
In the core area of Taihu Lake Scenic Area in Suzhou City, a top-notch villa group built by a well-known domestic real estate company met his requirements in terms of environment, supporting facilities, and the villa itself.
In the end, Li Mu spent 85 million to acquire this 1,200-square-meter single-family villa surrounded by mountains and rivers with beautiful scenery.
While he was busy with the formalities and decoration work of the villa, unexpectedly, an investment institution in the United States offered Olkus a high valuation that was difficult to refuse. He had to interrupt his trip in Sioux City and return to the United States immediately.
The affairs in Su City and the decoration of the villa can only be left to Wu Fei. She was very excited and happy to do it.
…
Li Mu is very familiar with the investment institution that gave Olkus a very high valuation this time. It was Goldman Sachs who he entrusted to invest and acquire the equity of Olkus a few months ago.
During this period, the concept of the Metaverse has become increasingly popular, and VR virtual reality technology has become increasingly sought after by capital.
However, this type of company and technology cannot be formed in a short time. There are not many that are truly high-quality, and Olkus is one of them.
Other companies finalized financing quickly, but Olkus kept delaying.
Goldman Sachs understood the situation and strength of Olkus, and in order to seize the limelight, it cut the knot quickly and directly offered a high valuation that could not be rejected.
Li Mu thought about this matter and accepted it.
On the one hand, the valuation is high enough. The resources and influence provided by Goldman Sachs itself can also make Olkus develop more smoothly.
On the third day after Li Mu returned to the United States, the two parties formally signed a financing agreement.
With a valuation of US$3 billion, Olkus took out 20% of its equity and raised US$600 million, with investments from three institutions including Goldman Sachs.
Goldman Sachs led the investment with US$500 million, and the remaining two institutions invested US$50 million each.
After this round of financing, the equity structure of Olkus is as follows.
Li Mu's shares were diluted to 58%, and he is still the largest shareholder of Olkus, holding the controlling stake.
Goldman Sachs holds 18.3% of the shares and is the second largest shareholder of Olkus.
The founder team’s equity is diluted by 14%, making it the third largest shareholder.
The rest are small shareholders holding less than 5% of the shares.
…
After the financing, Olkus had an extra US$600 million in cash, and its development immediately entered the fast lane.
Not only will the U.S. headquarters expand, but regional headquarters and R&D centers around the world will also begin to be established.
Liu Qing was officially appointed as Vice President and Marketing Director of Greater China, responsible for establishing the domestic team and sales system.
In addition, a research and development center will be set up in Sioux City to better localize Olkus.
…
Li Mu had been busy with the company's affairs during this period and didn't care much about the country. One day, he suddenly received a call from Zhu Li.
"Brother, I'm sorry to disturb you."
"Oh, Julie, it's okay. I've been busy with work during this period and I forgot to care about your situation over there. How are you now?"
Julie hurriedly said: "Very good, brother, I am living a good life here."
Li Mu said: "In that case, I'm relieved. What's the matter with you?"
Zhu Li said: "Brother, Mingcheng borrowed 1 million from you for investment. The money recovered has not been paid back because of compensation."
"Now that I have plenty of money, please send me your account number and I will transfer 1 million to you."
Li Mu was stunned for a moment: "Zhu Li, you and Mingcheng don't have much savings, right? This money?"
Zhu Li said: "Brother, it's like this. I sold the house that I offered to Mingcheng. The market is now good, and I sold it for 1.65 million after refinancing."
"It's useless in my hands. Give it back to brother first."
Li Mu frowned: "Zhu Li, Mingcheng is my younger brother, and I don't lack the money. Why did you sell the house?"
"If your house is sold, where will you live?"
Zhu Li said: "Brother, that's what I think."
"Mingcheng and I have to be independent after all. We can't always rely on others. We used to prey on our parents, but now we can no longer prey on you, the big brother."
"After the house is sold, I will live back at my mother's house, where I have always had a room."
"After Mingcheng comes out, we will work together to provide another house and put some pressure on Mingcheng to prevent him from relaxing."
Li Mu sighed: "As the eldest brother, I promised Mingcheng to take more care of you, but now..."
Zhu Li said: "Brother, this is my personality, just accept it."
"If I encounter any difficulties, I will definitely trouble you."
Li Mu tried to persuade her a little more, but Zhu Li's attitude was very firm. This kind of personality made him appreciate Mingcheng's marriage to a good wife.
In the end, Li Mu compromised.
"Well, Zhu Li, it is Mingcheng's blessing to marry you."
…
After sending the account number, Li Mu thought for a while, such a well-informed and sensible person couldn't just let it go and help. He still had to help.
However, a different approach is needed.
The situation in Mingcheng's family is that it is better for women to be strong and men to be weak. With Zhu Li training Mingcheng, he will not go astray in the future.
He thought about it and made a call, and soon the information of the Zhengcheng accounting firm where Zhu Li worked was sent over.
Zhengcheng Accounting Firm has a good scale and is one of the largest accounting firms in Suzhou City. Its market valuation is around RMB 150 million.
Li Mu thought about it quietly for a while, then picked up the phone again and contacted an alumnus who worked at CITIC.
Leave professional matters to professionals. For this kind of small equity acquisition, just entrust it to CITIC.
…
A month later, Li Mu spent 35 million yuan, and 21% of the shares of Zhengcheng Accounting Firm where Zhu Li worked came into his hands, making him the third largest shareholder.
After another operation, then...
At Zhengcheng Accounting Office, Zhu Li felt that the atmosphere in the office was a bit strange today. The always mysterious boss of the office suddenly arrived just now.
At this time, someone suddenly informed everyone to go to the conference room. The big boss had something important to announce.
When they arrived at the conference room, Zhu Li was completely stunned. The boss actually announced in public that she was officially promoted to partner of Zhengcheng Accounting Firm.
Not only was she confused, but other people in the accounting firm were also confused. Partners can be said to be the highest level of the entire accounting firm and the core of the firm.
Not to mention Julie, who is more senior, more capable, and has made greater contributions than her, is still not qualified to be promoted to partner, but she was actually promoted.
There are nearly a hundred people in Zhengcheng Accounting Firm, and so far there are only 6 partners, each of whom is a unique person.
However, now that Julie is included, the number has become 7.
Not only others were puzzled, but Julie was also puzzled about her virtues and abilities to be promoted to partner.
According to her imagination, if everything goes well and she is not fired by the company, a person like her with no background, no resources, and no connections can be promoted to partner before the age of 50, which is already a great deal.
However, this is just a thought. There are too many accountants like her, and only a few can be promoted to partners. Most of them can only work at the grassroots level throughout their lives.
She was promoted to partner inexplicably.
Not only was she confused, but so were others. If the partners sitting here had not objected, everyone would have thought that the big boss was crazy today.
Boss Zhengcheng ignored the shock below and announced another news.
"There have been some changes in the equity of our firm recently. One shareholder recently quit and changed hands. A new investor has taken over. He is a talented person in technology and very powerful. As a shareholder, he will be honest with us.
The development of the firm has also been of great benefit.”
"These shares account for 21%, ranking us as the third largest shareholder of Zhengcheng. Moreover, the new investors have fully entrusted the voting rights of these stocks to Ms. Zhu Li."
“Now, let’s invite Ms. Zhu Li, the seventh partner of our Zhengcheng Accounting Firm, to speak on the stage.”
As he said this, he was the first to applaud, followed by a burst of applause in the conference room.