Witnessed by many media, Yimin Wangjin Group successfully completed its founding meeting and nearly US$500 million Series B financing press conference.
US$500 million is naturally not that much!
The actual financing was US$444.42 million, and only US$222.2 million entered the account of Yimin Wangjin Group Company. The other US$222.22 million was obtained by Zhang Yida and Xu Xiaoming from transferring part of their shares and cashing out.
In order to achieve the best publicity effect, nearly US$500 million in financing was announced.
After the lawyers of both parties carefully checked the contract, Zhang Yida and Changqing signed the "Series B Financing Agreement" and the "Equity Transfer Agreement" on behalf of Yimin Wangjin and Goldman Sachs Asia respectively.
After the two parties exchanged contracts, Zhang Yida and Changqing shook hands enthusiastically and said:
"Mr. Cheng, happy cooperation!"
"The next step will be up to Mr. Zhang! Goldman Sachs is looking forward to Yimin Wangjin's future performance!"
Xu Xiaoming also signed the "Share Transfer Agreement" and transferred all the shares of Zhenke Fund to Goldman Sachs and Blackshirt Capital, and happily cashed out.
The specific transaction details are:
Yimin Wangjin Group was first valued at US$2 billion before investment, with one share at US$10. It issued 22.22 million additional shares to Goldman Sachs, bringing the total share capital to 222.22 million shares, and its post-investment valuation reached US$2.2222 billion.
After dilution, Zhenke Fund still has 1.8% of its equity, and it transferred 0.8% of it to Blackshirt Capital to help Blackshirt Capital replenish the 8% it had before financing.
The other 1% was transferred to Goldman Sachs, and Zhang Yida transferred 9% of the post-financing shares to Goldman Sachs, which was enough to transfer the 10% equity.
The price paid by Goldman Sachs was: US$222.2 million to purchase new shares and US$222.22 million to acquire and transfer old shares.
Blackshirt Capital spent US$17.777 million to acquire 0.8% of the old shares transferred by Xu Xiaoming to maintain the shares from being diluted.
All shares of Yimin Wangjin held by Zhenke Fund were cleared, and US$40 million was cashed out.
I originally invested US$10 million in Yimin Holdings, and now I have earned three times the return. Not to mention, I still hold shares in several other companies under Yimin Holdings.
Huge profits! The smile on Xu Xiaoming’s face never stopped.
After all transactions are completed, the shares of Yimin Wangjin Group will be changed to:
Zhang Yida:55.71%
Ding Siyao:4.05%
Fan Hongyang:4.14%
Option pool: 8.1%
Blackshirt Capital: 8%
Goldman Sachs Asia: 20%
Zhang Yida's shares have dropped from 71.9% before financing to 55.71% now. They were first diluted by 10% and then transferred 9% to Goldman Sachs.
The income was also extremely considerable, with a one-time equity transfer income of US$200 million before tax, and US$160 million after tax.
Calculated based on the current exchange rate of 6.13, it is equivalent to RMB 980 million.
Looking at the seven zeros in his personal account, at this moment, Zhang Yida finally felt that he was a rich man.
Some media magazines reported that he was worth more than 5 billion US dollars. Normally, he just smiled after reading such reports.
Before, he couldn't even spare 500,000 yuan in cash. His salary, house and car mortgages all went into the early establishment of Huimin Bicycle.
Today, I have truly made money, and I feel safe!
…
At the celebration banquet in the evening, Xu Xiaoming's face was red from drinking, and he drunkenly put his arms around Zhang Yida's shoulders and said:
"Yida, do you know how happy I am today?
I originally invested US$180,000 in Jumei, and Chen Ou earned me US$300 million in more than three years. The return of more than 1,000 times is not as shocking as the return you brought to me.
Rui invested US$10 million in Series A of me, cashed out US$133 million, and still had US$133 million of shares in it, with a book return of US$256 million.
Yimin Holdings also invested US$10 million in Series A, and has now cashed out US$40 million.
There are also companies such as Yimin Wealth, Yimin Dai, Huinong Dai, and Ruimin Financial Management, each of which should be able to earn tens of millions of dollars!
In addition, Pate.com and Huimin Bicycle are also excellent projects, and it should not be a problem to return tens of millions or hundreds of millions of dollars.
If you add up all these things, I'm afraid you've earned me a billion dollars.
In just over a year, you have grown to this point, which is simply a miracle."
"Teacher Xu, I still have to thank you! Without your support, I wouldn't be where I am today."
Zhang Yida said modestly that if Xu Xiaoming hadn't helped out more than a year ago, Ruixiang might not even be able to compete with Yiyin Dai and Paishou Dai, let alone compete with Leech Financial Services Group for hegemony.
"Haha! Okay, don't be humble with me. Don't I know your strength yet? Without investment from Zhenke Fund, you will soon get financing from other venture capitals.
With an excellent entrepreneurial team and good entrepreneurial projects, you won’t have to worry about funds wherever you go.”
Xu Xiaoming patted Zhang Yida on the shoulder, shook his head and laughed.
"Haha, this is why we are destined!"
Zhang Yida said something clever, and then said sincerely:
“The main thing is the time window!
2013 is the first year of Internet finance. Ruixiang started late, has no funds, and no technology. If financing is delayed again, not only will it be eliminated by the industry, it will also be severely left behind by many competitors!"
Xu Xiaoming blinked. Zhang Yida's words were correct. Ruixiang's foundation was inherently poor, and it all relied on marketing and operational methods to increase its scale.
Under the circumstances at that time, if financing had been delayed for another three to five months, I am afraid it would have looked completely different now.
"When I was kicked out of the company by Dongfang Yu, I vowed to compete with him.
First there was Chen Ou, and then there was Zhang Yida. My luck is really not blocked.
Dongfang Yu is engaged in his education, and I am engaged in my investment. I just want to show him that my talents, Xu Xiaoming's, are not weaker than his.
Fortunately, you guys kept up the good work and gave me a lot of limelight!"
Xu Xiaoming smiled very happily. Successfully investing in Chen Ou and Zhang Yida were the two things he was most proud of.
Chen Ou is born in the 1980s, and Zhang Yida is born in the 1990s. They are entrepreneurial representatives of their respective age groups.
The media praised Xu Xiaoming for his unique vision and as an investor who loves to support young people.
Zhenke Fund has also become famous and has become the investment institution of choice for young entrepreneurs. Everyday business BPs are reluctant to accept it.
Taking this opportunity, Zhenke Fund raised two more funds, and the scale of fund management increased to a big level.
Let’s help each other achieve success!
Zhang Yida was grateful to him, and he was also very grateful to Zhang Yida.
Seeing the two of them talking to each other at the dinner table, Shen Beipeng also came over and said:
"What are you talking about here? I'm here to join in the fun."
“I’m calculating how much money I’ve made from investing in so many projects in Yida!”
Xu Xiaoming turned his head and looked at Shen Beipeng and said this.
"Haha, where is this? At present, no company has reached its full potential.
If you look at it in three or four years, the return may be three times, five times, or even more than it is now.
Yida, do you think so?"
Shen Beipeng poured a glass of wine by himself, took a sip and said.
"Haha! I think too. Ruixiang has to keep up with the pace of Leech Golden Clothes!
They are all valued at US$45 billion, but we are only valued at US$10 billion.
The road is still long and we need to work harder.”
Zhang Yida looked at Shen Beipeng and said these words.
"Look, I admire Yida's self-confidence and his fearless enterprising spirit.
Let me tell you! You sold the shares of Ruixiang and Yimin Wangjin too early.
I don’t know if you will regret it or not in the future.”
Shen Beipeng glanced at Xu Xiaoming, shook his head and sighed.
"Don't be greedy. We have a small plate and can be content with what we have. The Heishang family has a big business and can withstand hardships."
Xu Xiaoming has no regrets at all. He knows that if he continues to hold the shares, the value will most likely increase.
However, Zhenke Fund is not large in scale, so it is better to be more stable.
He is considered a slightly conservative investor and only invests in early-stage projects.
Shen Beipeng was much more radical, taking a heavy position in the projects he targeted. He made a lot of money but also lost a lot.
After chatting with the two for a few words, Zhang Yida noticed a lonely figure eating vegetables there.
He said hello to Shen and Xu and left. He walked to the empty seat next to Ding Siyao and sat down, jokingly saying:
"You're still eating, aren't you afraid of gaining weight?"
Seeing Zhang Yida sitting next to her and still asking questions, Ding Siyao blushed and said:
"No! I don't drink, so I can only eat vegetables!"
"Why don't you cash out some of your shares in Yimin Wangjin?"
Zhang Yida asked her a few days ago if she wanted to transfer the shares, but she refused and didn't sell any share.
This made Zhang Yida a little surprised. Ding Siyao was working alone in the capital. The company provided her with a car, but no house.
According to him, Ding Siyao should still be renting a house!
Faced with such a large sum of money, he remained unmoved. Either he felt that there was potential for value-added in the future and was unwilling to cash out; or he was not interested in money.
Zhang Yida thought it was the former, so he chatted with her on the phone for a few words that day without asking her in detail. Now he planned to find out more about the reason.
"I'm not short of money now, so I think it's better to leave it alone! It will increase in value faster than depositing it in a bank."
Ding Siyao is quite content with her current life, with an annual salary of one million and managing a subsidiary company by herself.
A few days ago, Zhang Yida called her and told her that her 4.5% (before financing) shares in Yimin Net Financial were already worth US$90 million.
There was a good opportunity to cash out, so I asked her if she would sell it?
This news had a big impact on her. In the middle of the year, Yimin Holdings Group won a bet with investors. At that time, the company's valuation was US$500 million.
She had always believed that her shares were worth more than 20 million U.S. dollars, and she would have to wait until a few years before she could realize them when they were listed on the stock market.
As a result, Zhang Yida told her that the value of these shares had increased to US$90 million, and there was a golden opportunity to cash out.
She also hesitated whether to cash out part of her shares and buy a house in the capital.
After struggling internally for a long time, she chose to continue holding it.
Because she believed in Zhang Yida and felt that Zhang Yida could definitely create greater achievements and bring Yimin Net Finance to a more glorious position.
Children of poor people have long been in charge of the family. When she was a child, when other children used their New Year's money to buy toys and snacks, she used all her New Year's money to save it.
After saving and saving, eventually her father's leg was broken and he could no longer do heavy work. She gave the New Year's money that she had saved for several years to her parents and asked them to buy a pig and raise it.
Zhang Yida gave her a chance, a chance to surpass 99% of people in the world.
She has always cherished this opportunity and tightly held onto every company's stock.
"Your reason is very strong!"
Zhang Yida is so happy, why does everyone believe that he can create another miracle?