"Who said Ruixiang is not optimistic about Haomiao's installment?"
Zhang Yida agreed, then looked at Lu Min and said with a smile: "Old Lu, you came to Ruixiang to see me three years ago. Do you still remember that scene?
I remember you said at that time that we should fight together and stand on the bell-ringing platform together.
Now that Miaofen is about to be launched, the promise you made back then is about to come true.
Not easy!
I knew at that time that you were not a thing in the pool, and I was indeed right about the person!"
Zhang Yida looked filled with emotion, making everyone look at each other in confusion.
Is this because you don’t want to be out of the game and are playing the emotional card?
Lu Min was also stunned, why don't I remember what I said back then.
However, there is no doubt that Zhang Yida helped him a lot in the early stages of starting his business.
Lu Min also hesitated. Zhang Yida had been kind to him, so was it too much to treat him like this?
He looked at Zhang Yida with a complicated expression and said to himself, I don't want this to happen either. It's true that people are in the world and can't help themselves.
Zhu Chao saw Lu Min's hesitation and said: "Don't show off the small favors given by some people. Miaofenqi can develop to what it is today.
It is definitely not just the work of one person or one shareholder.
If you want to stay put, it’s simple. Just like Leech Financial, we provide a free traffic entrance for Miaofen.”
Lu Min also came to his senses. Yes, Leech Golden Clothes is my thigh now!
Is Ruixiang willing to be as generous as Leech Financial to open a traffic entrance for Miaofen in Touronghui?
"Haha, free traffic entrance?"
Zhang Yida said disdainfully, "What about the E-round financing? We acquired a 12.82% stake in Miaofen for US$54.7 million."
Zhu Chao was about to open his mouth to explain, but Zhang Yida stopped him and said: "No need to say more, I can see it from the financial report of Miaofen.
You want to say that the "free" traffic provided by Leech Financial has helped Miaofenqi save a lot of marketing and promotion expenses, right?
Remember, Miaofenqi did not pay you for nothing, it compensated you for your shares in the E-round financing."
The others remained silent. After all, what Zhang Yida said was true. He was indeed given money, and it was a fair transaction.
They also couldn't stand the fact that Zhu Chao always talked about free traffic and looked condescending.
It seems that Miao Fenqi cannot survive without Leech Golden Clothes.
"Keep your mouth clean, this is the first time you have such a lack of quality." Zhu Chao started talking, unwilling to be outdone.
"You have the quality to co-author and deceive shareholders. You should clarify your own company's equity before talking about it!"
Zhang Yida has long heard that people from the Ahli family are extremely powerful, and he finally learned the lesson today.
"Okay, let's not talk about this anymore, let's go back to the issue of financing!" Wu Shichun came out to smooth things over.
"As a strategic investor of Huasheng Co., Ltd. in this round of investment, please give me a few words, Mr. Du!"
Du Li said with a smile: "We are very optimistic about the development prospects of Miaofenfen and are willing to acquire the shares held by shareholders at a valuation of US$2 billion.
The purchase price is cash and is paid in one lump sum!”
Wu Shichun also said: "Mr. Du's conditions are still very favorable. After all, it will take a year or two to cash out all the shares when Miaofen is listed in the United States.
Moreover, it’s hard to predict the stock price trend in the secondary market. If you can make a one-time investment now, it would be a good exit plan.”
Then he looked at Zhang Yida and said, "Mr. Zhang, as the first investor of Miaofenqi, please express your opinion first!"
"Okay, let me say a few words."
Zhang Yida looked at this group of "ill-intentioned" investors and slowly said:
“First, Miaofan is valued at US$2 billion, and that was the valuation more than a year ago.
Second, Ruixiang believes that based on the current development trend, the listed market value of Miaofenfen can reach at least US$5 billion to US$6 billion.
Even Yimin Wangjin, which has a market capitalization of over 10 billion, is no problem, because Miaofenqin’s business is growing faster, its net profit margin is higher, and its financial reports are better.
Finally, here are my personal views on Lu Min.
I think Lu Min has an aggressive streak in her that will never give up until she achieves her goals.
It is precisely because of his personality charm that everyone in Miaofenqi Company also advocates a wolf culture.
Therefore, I am very optimistic that Miaofenqi, under the leadership of Lu Min, will become a great company in the future."
Lu Min scratched his head. He didn't expect Zhang Yida to give him such a high evaluation.
He remembered that Miaofen launched its E-round financing more than a year ago, and Leech Financial Services Group was about to enter the market.
He went to negotiate with Zhang Yida, and the other party easily agreed to let Leech Financial enter the market.
At that time, he thought that Zhang Yida did not value him and looked down on Miao Fenqi.
Thinking about it now, I may have misunderstood him at the time. He is a very ambitious person, otherwise he would not have made such a big career.
Du Li smiled and said: "Mr. Zhang, we can discuss the valuation further.
Regarding the matter of Chizi City, I left it to Mr. Zhang.
If Mr. Zhang is willing to part ways with Miao Fenqi, I would be very grateful."
"That's right, Mr. Zhang, we didn't act like monsters when we went back to Chizi City last time. This time, you should be beautiful as an adult for once!"
Wu Shichun gave Lu Min another color, and the latter understood.
He started to persuade: "Mr. Zhang, I have no choice. My equity is only over 20%.
If there are still thirty or fifty points left, I will not say anything and I will be responsible for all the transfer of the old shares.
There is really nothing we can do now! If I transfer another 10 points, the control of my company will no longer be stable.
This is also not conducive to listing, because investors will find fault and feel that the company is unstable."
Zhang Yida sneered twice and looked at Lu Min, "Do you really want to do something so decisive?"
Lu Min didn't dare to look at Zhang Yida, turned his head to one side and said, "You can't say that.
Ruixiang originally invested 8 million yuan in me, but this time it exited with more than a billion. All the kindness has been repaid, and no one will be owed anything in the future."
Zhang Yida took a long breath, and then said: "For 4 billion U.S. dollars, all shares will be cleared. From now on, the road will be open to the sky, and everyone will go to one side."
"$4 billion!"
Du Li exclaimed and said with a smile: "Mr. Zhang, are you kidding?"
"4 billion, you are crazy about money!" Zhu Chao also jumped out and sarcastically said.
"Mr. Zhang, US$4 billion is indeed too high."
Wu Shichun, who plays the role of "good old man", comes out to be the peacemaker again.
He talked about the PE valuation method and the discounted cash flow valuation model.
Anyway, no matter how you calculate it, the valuation will not reach US$4 billion.
"This valuation is higher than Yimindai. Yimindai is only valued at more than 2 billion US dollars, right?"
Other investors also complained angrily.
"Yimindai is not as good as Miaofenqi. Whether it is net profit margin or business growth rate, it is far behind Miaofenqi."
Zhang Yida began to "depreciate" himself and gave various subsidies to Miao Fen.
"Mr. Zhang, how about 3 billion?"
Du Li put away his smile and said seriously.
Seeing that Zhang Yida looked unmoved, he added: "Assuming that Miaofen's net profit this year can reach US$100 million, it will only have a market value of US$3 to 4 billion after it is listed."
Zhang Yida shook his head, "Miaofen's net profit for 2017 is less than US$300 million. I'll give you the pan-fried fish."
Du Li shook his head and laughed, "It's hard to say. Competition in the mutual financial industry is so fierce, and supervision is gradually becoming stricter. Who knows what will happen in the future?
For US$3 billion to take over these old stocks, we have already taken a huge risk."
“Investment is risky, so you need to be cautious when entering the market. As the CEO of a listed company, Mr. Du must have heard this sentence too!
I won’t go into details about the risk-reward ratio of the Pre-IPO round.
I have a friend named Hu Gang who became the richest man on the New OTC Market just by relying on this business."
Du Li's smile faltered, and he waved his hands and said, "We are a small family, but we don't have the invincible momentum of Handing Group.
Our A-shares and U.S. stocks are also different and cannot be generalized."
"Mr. Zhang, let me say a few words."
Wu Shichun said: "Based on a valuation of US$3 billion for Ruixiang's 10.24% stake, the transaction price is US$307.2 million.
According to today’s exchange rate of USD to RMB 1:6.8985, converted into RMB, it is almost 2.12 billion yuan.
Relative to the investment of RMB 8 million, the return has been 265 times.
It is absolutely impossible to complete such a large transaction in one go on U.S. stocks.
Mr. Zhang, you have such a vision for investment. If you get this money early, you can invest in more good projects.
It not only successfully completed the investment exit, but also improved the efficiency of capital use. Why not?"
Zhang Yida looked at Wu Shichun, how could he be so talkative?
He seemed to know the real reason why Wu Shichun entered the industry relatively late, but overtook many established investors in a roundabout way.
"Okay, I'll give you some face, Mr. Wu, so let's leave it at that."
Zhang Yida had no control over the follow-up process, including document signing and share transfer, leaving it all to Lan Lan to follow up.
Other shareholders also knew that Ruixiang had withdrawn from Miaofen and achieved a return of 265 times.
Xu Xiaoming, Shen Beipeng and other shareholders also made a special trip to the company.
"Teacher Xu, why are you staring at me?"
Zhang Yida looked at Xu Xiaoming who was staring at him like a monster and asked with a smile.
"Why start a business? Just change your career to investment. Whether Zhenke Fund comes, I will give you half of the shares."
Zhang Yida waved his hand, "Forget it, I'm just lucky. Lu Min came to this project all by himself."
Xu Xiaoming sighed, "After you voted for Miaofen, we followed up at that time.
But I wasn’t very optimistic about Lu Min’s campus loan model, so I didn’t invest.
Now that I think about it, I missed a few small goals again!"
"Yida, why do you want to withdraw from Miaofen?" Shen Beipeng adjusted his glasses and asked.
"We were forced, all shareholders forced us to get out of the car."
"It's a pity," Shen Beipeng sighed, "I see that their business data is growing very fast. If it goes public, the market value is likely to reach five to six billion US dollars."
Xu Xiaoming chuckled and said: "I only suffered a loss once with Yimin Net Finance, and now I'm determined not to jump out of the car in advance.
However, I also understand what Yida is doing. How can it be possible for Leech Financial Services and Ruixiang to coexist peacefully?
It’s just that Lu Min was a little unreasonable this time and actually colluded with them to force you..."
"You all think Ruixiang has suffered a loss, don't you?"
Zhang Yida shook his head and said with a smile: "Would you like to make a bet? Let's bet on who is the biggest winner among all the investors in Miaofen."