Chapter 272: Financing and General Meeting of Shareholders
After Chen Xiao's wedding, the couple stayed in the city for a few days and then went out for their honeymoon.
Bai Xiaoou and Brett returned to the United States on May 2nd.
Chen Mo lived at home for a while before heading to the United States with Ai Li.
When they arrived at the San Francisco International Airport, Moxi drove a Ford RV to pick her up. Chen Mo sent Ellie to San Jose: "I will be busy in the future, so I may not be able to come and help you move."
"It's okay, your work is more important." Ai Li smiled and hugged Chen Mo: "I'm going back first. Send me a text message when you get home."
"ok."
During this time, Moxi was very free, and there was less work in the valley pasture.
As for the work of River Valley Animal Husbandry, since the previous team is here, Moxi can just assist Bright and straighten out the affairs of River Valley Animal Husbandry Company...
Valley Ranch is a joint-stock company. From the day it was established, Valley Ranch and Valley Ranch have been operating separately. However, some sites, such as fresh dairy farms, feedlots, feed mills, etc., are still rented from Valley Ranch...
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Returning to River Valley Ranch, Chen Mo began to recruit shareholders. River Valley Ranch's current valuation is US$400 million. With business integration, profit evaluation, and the first round of financing, River Valley Ranch's valuation has risen to 450 million US dollars.
Dollar……
Bright holds 5% of the shares.
Chen Mo holds 94.6% of the shares.
There are also small shareholders, including Moxie, Cons, John, Hank, etc. Employees of Valley Pasture and Valley Ranch account for 0.4% of the shares.
In the first round of financing, Nestlé invested US$200 million.
In the small town of St. Beni, 21 families obtained ranch appraisal certificates and bought shares at a discount as ranch land.
The total estimated value of the 21 ranches is $36.1 million.
In addition, residents of the town of San Beni, employees of Valley Pastoral Company, and Valley Ranch employees contributed funds to subscribe for shares, with a total amount of US$4.22 million.
Ellison also subscribed for 30 million shares.
As for TBL, he immediately wanted shares in Hehehe Animal Husbandry, but Hehehe Animal Husbandry did not need so much capital now, so Chen Mo promised to sell some of their shares.
River Valley Animal Husbandry’s pre-investment valuation was US$450 million, and it raised US$27,032 in funding.
The post-investment valuation is US$720.32 million.
Chen Mo holds 0.591% of the shares, and the amount on the books is approximately US$425.8 million.
Nestlé holds 0.277% of the shares, with a book value of US$200 million.
The number of shares held by Bright is reflected on the books as 22.5 million.
Then there are some small shareholders and retail investors.
When River Valley Animal Husbandry's first financing was completed, Bai Xiaoou called immediately and came to Chen Mo's home with John Michael on behalf of the TBL Alliance the next day.
"You hold a lot of shares, how many are you willing to give up?" Bai Xiaoou said straight to the point.
"Let's see how much you can eat. I need money."
"What's the bar to get on the board?" John Mike said.
"5 million."
"We can come up with 200 million. How many shares are you willing to sell?"
"Cash?" Chen Mo smiled. This was buying shares from Chen Mo, not financing. In other words, the money could go into Chen Mo's own pocket.
"How about thirty percent of the shares?"
"Too little. At least 35%." John Michael said.
"Thirty percent, you and your family are taking advantage. No more, it won't work. Hehehe Animal Husbandry will hold its first shareholders meeting at nine o'clock tomorrow morning, and will announce the freeze of shares, which means that shares held for 30 months cannot be
The transfer... you have to be quick. Transfer the money to me today, and we will attend the shareholders' meeting together tomorrow." Chen Mo touched his chin: "River Valley Ranch will also cooperate with Nestlé's San Beni factory, and Valley Ranch will invest in this factory.
, Nestlé Group will also make additional investment. If you don’t buy it today, you will have no chance in the future.”
Bai Xiaoou and John Michael discussed it alone for a long time, then notified the accountant and lawyer, and completed the equity transfer with Chen Mo that day.
Chen Mo's shareholding ratio was reduced to 29.1%, and he received 200 million in cash.
After completing the transaction, Bai Xiaoou looked at Chen Mo strangely.
"That's awesome, my Momo. I made a direct profit of 200 million from this transaction. It's really good." Bai Xiaoou and the others invested in River Valley Animal Husbandry and made a detailed evaluation.
You may say that River Valley Animal Husbandry is OK, but in fact it is just like that.
There are 32,000 acres of land, but it's hills, undeveloped land.
The value of that piece of land, if the price is 100 million, no one will definitely want it, 70 to 80 million is more reasonable.
Then there are a total of 10,000 breeding sheep. The total value of the sheep and land should be about US$100 million.
What else did Chen Mo come up with, the fresh milk factory and related businesses, the original ecological research institute and breeding laboratory of the ranch, and related results. And the brand of River Valley Ranch... and transferred most of the workers. This actually gave
Chen Mo lightened his burden...
Chen Mo didn't lose anything in this transaction, he really made a lot of money.
"It's not bad, just making a living." Chen Mo was in a happy mood. The thing he was most reluctant to part with was the fresh milk business of the River Valley Ranch. This business should have been retained. At the very least, it should have waited until the end of the year to let go. At the very least, it could still be given to others.
Earn 30 to 40 million by yourself.
But in that case, the food appearance will inevitably be too ugly.
"You really can do it."
Early the next morning, the first shareholder meeting of River Valley Ranch was held.
There are more than a dozen large and small shareholders.
Even though Chen Mo gave up 30% of his shares, he was still elected as the chairman (chairman of the board of directors). In Hehehe Animal Husbandry, this position is just a ceremonial position. He usually has nothing to do, but when something happens, he will preside over the board meeting.
What.
Then comes the appointment of the CEO, the appointment of the financial director...
There is no suspense about Brett being the CEO. The financial director has to find someone from outside, so let’s discuss which headhunting company to use...
Chen Mo presided over the beginning of the meeting.
The formal meeting was chaired by Bright. He first talked about the company's location selection, that is, the headquarters.
It has been tentatively decided to build the headquarters in the small town of St. Beni, with an estimated investment of 6.5 million. Later, there will be new breeding farms, feedlots, dairy farms, feed mills, fresh milk factories, ecological research institutes, laboratories... and the Terai Hills.
development issues.
Brett held the documents and arranged everything clearly.
River Valley Animal Husbandry now owns nearly 10,000 acres of valley flat land, all of which were invested by local pastoralists in River Valley Animal Husbandry. The planning and utilization of these lands are clearly written.
Although Hehehe Dairy still occupies Chen Mo's dairy farm and fresh milk processing plant, it has to pay. From now on, Hehehe Ranch is Hehehe Ranch, and Chen Mo only owns the shares of Hehehe Ranch...
Valley Ranch is a ranch that belongs entirely to Chen Mo.