Zhang Yida had a saying in his mind, MMP, I don’t know whether he should say it or not. The net asset investment operation is a bit arrogant.
Strictly speaking, Huinongdai is not a pure Internet company. Its business is basically carried out offline. In the future, it will establish a large number of branches and recruit a large number of offline business personnel.
It is not an Internet financial company in the absolute sense, but more similar to a traditional small loan company.
However, Huinongdai also has certain Internet and technological genes, and its risk control system and business management system are all developed by itself.
So Zhang Yida smiled and said:
“It is also possible to invest in net assets, that is, in addition to fixed assets, Huinong Dai also has some intellectual property rights and virtual properties. These assets are worth about 100 million when converted.
What do you think?"
Director Liu frowned. The reason why the foundation was interested in investing in Huinong Dai was because Huinong Dai had achieved impressive development results in just half a year since its establishment. It had great potential. He wanted to invest in Huinong Dai at this time.
Cheap.
According to their internal assessment, Huinong Loan is worth tens of millions at most at this time.
"Mr. Zhang! As far as I know, it has only been half a year since the Huinong Loan transaction was completed! Are your risk control systems and business management systems worth 100 million?
This 100 million is just what your family deserves!"
A young man sitting next to Director Liu was eager to show off in front of the leader and took the lead in attacking Zhang Yida.
Seeing that the chairman was being embarrassed, Huinongdai CEO Bao Bufan hurriedly came to the rescue. Mingbao said sarcastically:
"This little comrade said it very well! I think everyone has a good idea of whether it is worth 100 million.
To show fairness, we will ask a third-party appraisal agency to evaluate the value of all intellectual property rights of Huinongdai.
The risk control system with a bad debt rate of less than 1% is better than the system I used to work for in a rural commercial bank.
I'm wondering if 100 million is a bit low.
Director Liu, what do you think?"
After saying that, Bao Bufan looked at Director Liu with a half-smile.
Director Liu gave Comrade Li who was sitting next to him a hard look and asked you to talk too much. I will take care of you when you get back.
Director Liu quickly smiled and said:
"I have no objection, just follow Mr. Bao's wishes! Ask a third party to do a value assessment, be fair, just and open."
After the Poverty Alleviation Foundation and the others left, Bao Bufan came up to Zhang Yida and said:
"Mr. Zhang, what do you think? I came from within the system, and I know the situation inside best. Many of the people inside are rigid and stubborn, and are not very receptive to new things.
Find them for financing?
It’s better to find venture capital for financing!”
Bao Bufan was a little angry. The situation in the conference room today made him angry. What the hell? If you don't understand high technology, don't talk nonsense.
Zhang Yida patted his shoulder and comforted him:
"Old Bao, I understand what you mean. The national conditions are such that we have no choice.
If Huimin Dai wants to grow bigger, it must get them on board.
With their endorsement of us by investing in shares, it will be much easier for Huimin Dai to connect with bank funds and even issue bonds.
Also, Huimindai will expand nationwide next, so we will inevitably have to deal with ghosts and monsters from all over the country, and we need them to make tiger skins for us."
Bao Bufan also calmed down. He was also the vice president of a rural commercial bank. After Zhang Yida asked, he naturally understood the reason. He nodded and said:
"I understand, Mr. Zhang is still thoughtful."
"I have released the slogan of Huinong Loan to lend out tens of billions in three years. If it is not completed, I will be slapped in the face. There are still two and a half years, it all depends on you."
Zhang Yida patted Bao Bufan on the shoulder and said with a wink.
"50 million yuan was released in the first half of this year, and there are still 9.95 billion yuan... This... is not easy to handle!"
Bao Bufan looked at Zhang Yida with a sad face, and he remembered that Zhang Yida did make such a trick at a press conference half a year ago.
He had not yet joined Huinong Loan at that time, and these things were only mentioned by his colleagues later.
Hey, 10 billion, what is this?
However, he did not dare to quarrel with Zhang Yida, so he kept sighing with a grimace.
"Hey, stop pretending. I know what you're capable of, Lao Bao. Can this thing still trouble you?"
Zhang Yida couldn't hold back anymore and laughed heartlessly.
"To lend 10 billion yuan, you have to have enough funds, right? Even if it is mainly a one-year loan, you still need 3 billion yuan of funds to roll it in!"
Bao Bufan said seriously that this number was calculated by him after careful consideration. If the loan funds are not enough, what can be done to achieve the tens of billions loan target in two and a half years.
In addition, there is another meaning in saying this, which is to ask Zhang Yida for funds and resources.
"1 billion. In this round of capital increase and share expansion, we will expand the paid-in capital to 1 billion. The small loan company still has 0.5 times leverage and can find banks to raise 500 million.
Let’s raise the other 1.5 billion through bond issuance!
Let’s do this for a year and see the results first. If there is a funding gap, we will start financing again.”
Zhang Yida calmed Bao Bufan in a few words, and he asked excitedly:
"Do you really want to expand your capital to 1 billion?"
"Well, if both Ruixiang and Yimin Financial Services Group come to participate in the capital increase, and we also invite Blackshirt Capital and Zhenke Fund, it will be almost done!"
Zhang Yida stared into the distance and began to think about how to persuade Shen Beipeng and Xu Xiaoming.
…
"Teacher Xu, Huinong Loan is going to be split up and run independently. We plan to increase capital and expand our shares to 1 billion. Are you interested in participating?"
Zhang Yida called Xu Xiaoming with a smile and said.
"1 billion paid in? Is it such a big deal? Tell me, how much do you want me to pay?"
Xu Xiaoming has always paid close attention to Huinong Loans, poverty alleviation loans, which he finds very meaningful. He had promised Zhang Yida earlier that if he needed funds, he would contact him.
Now that I know that the overdue rate of Huinong Loans is less than 1% and that the risk control technology is first-rate, I am increasingly interested in investing.
“After Yimin Financial Services Group’s A-round financing, through gambling incentives, Zhenke Fund currently holds 2% of Yimin Financial Services Group’s equity.
After the split operation of Huinong Loan, the 2% equity was transferred to Huinong Loan Company.
Huinongdai's current net assets, including tangible assets and intangible assets, are valued at RMB 110 million. After a cash capital increase of RMB 1 billion, Zhenke Fund needs to invest RMB 20 million in order to maintain its shares from being diluted.
Of course, if you want to hold more shares, I have no objection, but it cannot exceed 5%.
How is it? Teacher Xu.
The next round of financing won’t be that cheap.”
"Okay, then let's take a 5% share. Zhenke will vote for it."
Xu Xiaoming directly agreed. He also knew that Huinong Loan did not have much potential, and it would not have a high return on investment if it developed in the future.
However, he decided to invest without hesitation, not only because of his trust and optimism in Zhang Yida, but also because he had a kind intention and planned to repay the society.
Taking down Xu Xiaoming went smoothly, but Shen Beipeng ran into trouble.
"If Blackshirt Capital takes out one or two billion, there will be no problem at all. But have you ever thought about Yida? What is the future development prospect of Huinong Dai?
Where to list? How to provide exit channels for investors?
Also, what is the positioning of this Huinong Loan? Is it to focus on poverty alleviation and interests secondarily? Or is it mainly profit and poverty alleviation at the same time?"
Shen Beipeng asked a barrage of questions. Even though Zhang Yida was used to dealing with him, he still felt his scalp numb from the questions.
After sorting out his language, Zhang Yida said:
“The future development direction of Huinongdai will not waver and will continue to take root in rural areas and deepen rural finance.
If it is listed, I don’t think it will be considered within three years. As for the future, maybe it will be listed on the A-share market!
In addition to listing, exit channels also include mergers and acquisitions or equity transfers!
Ruixiang will also develop in rural areas next, and the potential of urban residents has basically been tapped.
The vast countryside also contains many opportunities.
When Huinong Loan develops, Blackshirt Capital can carry out equity transfers. I think some companies will be interested.
Especially companies like New Hope that are related to the rural market.
If they don't want it, Ruixiang can buy back your shares when the time comes.
Also, the positioning of Huinong Loan will not change, with poverty alleviation as the main priority and profit as secondary priority.
Making money doesn't necessarily mean making money, but it certainly won't lose money. It means making certain concessions on interest without affecting our normal operations and expansion of scale.
Don’t worry, even if you don’t make money, the value of your shares will increase as the company grows in size.”
After listening to Zhang Yida's words, Shen Beipeng smashed his mouth and said:
"Blackshirt Capital wants 20% of the shares, so there is no need to sign a repurchase agreement.
I only have one request, which is that Huinongdai should not forget its mission and original intention. Once the direction and goals are determined, it should be pursued persistently.
I won’t say too much, but I believe you have a deep understanding of how difficult it is to do rural finance.
I am very pleased that Huinongdai has been successful in Shangu County, Ganzhou Province, but it does not mean that this system can be easily copied across the country.
Don’t blindly pursue scale and growth, be more prudent!”
Shen Beipeng's words sounded the alarm for Zhang Yida. Zhang Yida thought that the success of Valley County made him feel a little buoyant, as if he had the national market at his fingertips.
Farmers in Valley County are honest and honest and repay their loans promptly. This does not mean that farmers in every area are that honest. There will be many borrowers who will cheat on their loans or use the borrowed funds to eat, drink and have fun in the future.
Regarding this problem, we can only strengthen the risk control link.
The original intention of Huinongdai was to provide entrepreneurial loans to farmers and lead them out of poverty.
It would be a joke if it was maliciously defrauded by farmers or brought down by an abnormally high overdue rate.
Especially the financial technology and first-class risk control technology that have been promoted will be painfully slapped in the face, and may even pass negative news to Zhang Yida personally and the two major groups, Ruixiang and Yimin.
It sounds ironic that people engaged in high-tech Internet finance were killed by fraudulent loans and overdue loans, but it is not impossible.
No matter how awesome the risk control system is, it is still controlled by people.
If something goes wrong with someone, especially the front-line salesperson, the person responsible for the initial review of the loan incoming documents colludes with the borrower, both internally and externally, it would be scary to think about it.
Zhang Yida decided that in the future, an inspection mechanism must be introduced to all departments of the company, especially the business department and risk control department, to prevent the occurrence of pests.
If you find one, kill one without mercy.
Ruixiang Group is a little better. The borrowers are all selected internally to select high-quality customers to open credit lines.
Yimin Financial Services has three major lending institutions, Yimin Dai, Yimin Puhui, and Huinong Dai, all of which are prone to breeding pests.