The reverse takeover of Founder Group may be a huge opportunity for others.
But for Zhang Yida, this is really not necessary.
There are a total of 6 listed companies under Founder Group, and the most valuable ones should be the 4 A-share listed shell resources.
Because it may take two or three years for an A-share listing to go from submitting materials to queuing up for listing.
Both Hong Kong stocks and U.S. stocks are registered, and it only takes a few months and a half from submission of prospectus to listing.
Just look at how easy it is to go public for Yimin Wangjin, Yimin Wealth, and Yimin Loan.
It’s really not rare to find a few A-share listed shell resources.
For Internet companies, our large A-share companies do have preferential treatment. This can be seen from 360, which returned to A-shares after the privatization of U.S. stocks.
Before the privatization, 360’s market capitalization was less than US$10 billion, but after the privatization and return to A-shares, it exceeded US$60 billion. During this period, 360’s business not only did not make any progress, but on the contrary suffered a sharp decline.
But Zhang Yida has no idea of cutting leeks in China, and AB shares are also a problem.
The most critical thing is that Founder Group is a low-quality asset.
Businesses such as medicine, medical care, and real estate have nothing to do with several of Zhang Yida's companies.
Acquisition also carries a huge financial burden.
Zhang Yida should be able to guess the calculations made by Sheng Yuhai and others.
Founder Group has caused great turmoil due to personnel struggles and equity struggles, and its performance has suffered a serious decline.
At this time, the market needs a strong injection. In other words, we need to find a takeover.
Having graduated from Beijing University, I was noticed by them, and companies such as Ruixiang, Pinduoduo, and Doushi all occupied the hot hot spots.
Obviously, success is basically just a matter of time.
Take the mess that is Founder Group and exchange it for the stocks of companies that are hot spots in emerging industries.
Several leaders probably wanted to replicate Li You's capital operation miracle back then, and at the same time, they also made explanations to their superiors at the school.
But it is impossible for me to make them do what they want.
Li You also acquired a dilapidated company back then, and then revitalized it by integrating resources.
Why should I exchange high-quality assets with Founder?
But if you refuse, you still have to be tactful. After all, everyone has a face, let alone a leader in a high position.
"Secretary Sheng, I'm afraid I will let down the good intentions of all the leaders."
Sheng Yuhai and others frowned. They expected to be rejected when they came, but they didn't expect it to come so quickly and directly.
Noticing that the faces of the three of them were not very good-looking, Zhang Yida explained again:
“Currently, every company has AB shares, and the domestic securities market does not support AB shares.
In addition, every company is carrying bets and performance promises, so it is not a good time to go public."
The faces of Sheng Yuhai and the other three looked a little better now. People are all face-loving animals.
It was Zhang Yida's understanding of this that prevented several people from getting off stage.
These people have great power in the school. Although their suggestions are not very reliable, there is no need to cause too much embarrassment.
“In addition to pet e-commerce, Pet Holding Group is in the Internet sector, and pet hospitals and pet food are both physical sectors.
It is still very suitable to be listed on the A-share market. As a leading domestic pharmaceutical research and development company, Beijing University of Medicine also intends to enter more fields.
Pet medicine is a very good direction. I think our two companies can strengthen cooperation.
When Pate Holdings considers listing in the future, Jingda Pharmaceutical can also provide some assistance."
Sheng Yuhai settled for the next best thing and wanted to get a share of the pet medical market.
Zhang Yida thought about it for a while and finally agreed. He said that Pate Holdings could jointly establish a pet medicine research and development laboratory with Beijing University of Medicine.
As for mergers or backdoor transactions, Zhang Yida just laughed and didn't give a clear answer.
Regarding this result, Sheng Yuhai and the others are quite satisfied.
Although no big cooperation has been achieved, it is a good start to have a small cooperation together.
The three of them chatted with Zhang Yida about the details of investing in Ruixin Group.
In the end, Founder Group also invested the same amount as the Small and Medium Enterprise Development Fund, 230.8 million, and obtained 0.99% of Ruixin Group's shares.
The Small and Medium-sized Enterprise Development Fund has experienced equity dilution, with the proportion falling by 0.01%, and it still holds 0.99% of the shares of Ruixin Group.
At this point, Ruixin Group’s Series B financing and Series B+ financing have come to an end.
A total of US$300 million was obtained, plus equity financing of RMB 461.6 million.
All converted into RMB is 2.528 billion!
I believe that there will be no financing for a long time. At the same time, with so much money in the account, we cannot let it sit idle.
Therefore, Zhang Yida instructed Fang Yuhan to set up a strategic investment department to invest specifically in start-up companies that serve B-side enterprises.
From point to surface, the B-side business layout is slowly unfolded.
…
"Mr. Zhang, can you please help me think of a solution? I'm really at a loss now!"
Li Yonghong, a grown man and a major shareholder of a listed company, begged Zhang Yida on the phone.
"Mr. Zhang, as long as you help me get through this, if you ever need me, Lao Li, in the future, just ask.
I will never forget your kindness as long as I live!"
Poor people must be hateful. Li Yonghong does not have strong financial resources, but he insists on playing with such a big deal.
At first, domestic media heard that a Chinese tycoon had acquired AC Milan and mistook the "Yonghong Li" translated by foreign media for Robin Li.
It makes people laugh and cry!
However, with further digging by the media, more details about Li Yonghong were discovered.
Although he is not as wealthy as Robin Li, he has also been a major shareholder of A-share companies and participated in many illegal fund-raising projects.
You may not have a net worth of several billion or tens of billions, but you can still get one to two billion yuan.
Li Yonghong has successively paid 440 million euros to AC Milan’s current major shareholder Feningweest Group.
If the final balance of 300 million euros cannot be paid on time, most of the 440 million euros deposit paid in the early stage will be forfeited.
As for going back on your word and filing a lawsuit, or taking other hard and soft measures, it is of no use at all.
The boss of Fininvest Group is the former President of Italy. It can be said that its influence in Italy is flourishing, and it will not be afraid of you, a businessman who has come all the way from China.
Li Yonghong borrowed almost all the money he could borrow, and he owed a lot of debt in China, so he was counting on AC Milan to help him turn around.
But before he can make a comeback, he must first find 300 million euros in funding.
Otherwise, let alone a turnaround, most of the hard work earned in this lifetime will be lost.
"What about Temasek? They are the only relatively large financial institutions I know abroad."
Li Yonghong sighed, "The interest rate on Temasek's loan is too high, I can't afford it!"
"Mr. Li, the situation has reached this point. I think you should make a choice."
Zhang Yida sneered in his heart. He has come to this point and is still bargaining. He is indeed a person who often dances on the edge of a knife.
Convinced!
"Besides Temasek, Mr. Zhang, do you have any other financial institutions you would recommend?"
Zhang Yida said displeased: "I believe Mr. Li, you should have consulted all large overseas financial institutions before calling me, right?
To put it bluntly, Mr. Li and I are just friends of friends.
I am willing to help you because we are all Chinese and do not want to see our compatriots suffer losses overseas.
If you can't accept it from Temasek, then there's nothing I can do."
Li Yonghong hurriedly said: "Mr. Zhang, don't get me wrong, because this matter of mine has indeed caused you a lot of trouble!
I will always remember these kindnesses in my heart."
"Well, let's just settle on Temasek! No matter whether the interest rate is high or not, we have to get through this first before we decide."
Li Yonghong saw that he really couldn't get more help from Zhang Yida, so he gritted his teeth and chose Temasek.
"Well, you go talk to Li Hengbo! That's it, I wish you all the best!"
After hanging up the phone, Li Yonghong lay weakly on the sofa of a luxury hotel in Italy, looking at the ceiling and thinking about all the difficulties he had encountered in recent times.
Okay, it's all over!
Choosing to borrow a loan shark made him feel a lot more relaxed.
In fact, he has been struggling since he met and talked with Li Hengbo two months ago.
High interest rates, strict agreements, and ruthless measures to deal with overdue debts... these all made it impossible for him to pass the test in his heart.
He thought that if he didn't go to Temasek, he would definitely be able to find other better loan channels.
Facts have proven that he overestimated his credit and ability and underestimated the greed of financial institutions.
Elliott's hedge fund gave him a higher condition: 23% annual interest rate including various handling fees. If the debt is overdue, Elliott will take over the AC Milan club and pay him "$2."
A nominal exit fee.
Compared to Elliott, Temasek is a little more merciful.
It's just a little bit, the annual interest rate on the loan is 20%, and the exit fee is $2 million.
Other than that, other conditions are pretty much the same as Elliott.
For example: they must monitor the flow of funds, dispatch financial supervisors to AC Milan, etc.
After hanging up the phone from Li Yonghong, Li Hengbo couldn't help but chuckle.
Zhang Yida really got it right, and Li Yonghong finally came to visit.
In this transaction, the loan funds came from a newly established fund by Temasek.
Temasek plays the role of GP, investing 3 million euros, and the other 297 million euros come from the Xinhuo Family Office.
300 million euros, the loan term is 18 months, interest is paid half a year, and the principal is returned after one and a half years.
If the repayment goes smoothly, this fund under Temasek will receive 90 million euros in interest;
If things don't go well, we will win the AC Milan club worth 740 million euros with 390 million euros plus interest.
As a GP, Temasek is required to receive a 20% profit share by convention.
Zhang Yida specifically talked to Li Hengbo. He just borrowed the Temasek brand. The 20% share was too high and asked him to lower it to 10%.
Li Hengbo agreed, and it didn’t take much effort anyway. No matter what, Temasek would not lose money or take any risks.