Zhang Liping's heart moved and he felt that it was necessary to side with Zhang Yida this time, and maybe he could make some losses back.
Zhang Yida waved his hand, "Don't ask me, I don't know either. I'll have to arrange a discussion with Ruixiang's shareholders to find out.
Revenue, profit, number of users, market share... nothing more than these!"
Zhang Liping nodded, indicating that he understood.
Zhang Yida added: "Don't look down on Ruixiang. Maybe they will engage in a round of betting with Zhonghe in order to increase their own valuation!"
"Ah, a bet between the two sides?"
Zhang Yida felt that this old man was making a fuss and didn't know how he got into the position of chairman of Blackstone Greater China.
"You are only allowed to bet against others, but you are not allowed to take a chance on others? Maybe the bicycle will become a motorcycle."
Xu Xiaoming held back his laughter, always feeling that the painting style was a bit strange.
An old man with white hair was trained like a grandson by a young man in his twenties.
The old man is not a simple old man, and the young man is not a simple young man.
Zhang Liping's attention was focused on gambling at this time, and he didn't care about whether the painting style was clear or strange.
If he really finds out, he can't do anything to Zhang Yida. After all, he is just a working emperor, which is very different from a real boss.
The capital market is like this, the strong are respected.
"Is it okay?"
Zhang Yida glanced at the investors and said, "The merger will be beneficial to both companies in the long run, as technical strength can be concentrated and capital strength can be concentrated.
A company with a market value of one to two hundred billion US dollars has far greater reputation and market confidence than two companies with tens of billions of US dollars.
After all, the opponents we are facing now are Ahri, Penguin, Facebook, and even Google."
There is no need to elaborate on the reason. Everyone present is a veteran of capital operation, so it will be explained in one point.
Now no one objected, and Zhang Yida stated all the pros and cons.
If you are afraid of damaging your own interests, then join his "gambling plan"; if you are not afraid, you can just merge the shares into the new group at the current valuation, and you will not suffer much loss.
Every shareholder is thinking, should they participate in the bet?
Zhang Yida actually didn't know whether Ruixiang would make a gambling agreement. From the bottom of his heart, he really wanted to do this.
His shareholding in Ruixiang is only 34.36%, while his shareholding in Zhonghe is much higher, 58.64%.
If the two companies were to make a bet, he hoped that Zhonghe Group would win and Ruixiang Group would lose.
Because there are only two people playing cards at the card table, Rui Xiang loses 100 yuan, and Zhonghe wins 100 yuan.
Counting him personally, his left hand lost 34 yuan, 3 cents and 6 cents, and his right hand won 58 yuan, 6 cents and 4 cents.
After deductions, the net profit is more than 24 yuan.
But the shareholders on both sides are not stupid, otherwise they would not propose to find an independent third-party auditing agency, because they are afraid that Zhang Yida will harm the public and enrich private interests.
As for the bet, it would probably have to be negotiated between the two shareholders, and he would just be a spectator.
…
Bao Fan, founder of China Renaissance Capital.
This bald man who has been working hard in the financial industry for more than 20 years has successfully implemented more than 200 financing, IPO and M&A projects.
Didi and Kuaidi, 58.com and Ganji.com, Meituan.com and Dianping.com, Bao Fan and China Renaissance are all involved in major Chinese Internet mergers and acquisitions.
He also single-handedly facilitated the cooperation between Goudong and Penguin, and was deeply involved in the listings of Jumei Premium and Vipshop.
This bald man was not tall, but was very energetic. Both Ruixiang and Zhonghe’s shareholders recommended Huaxing Capital as one of the financial consultants for this merger.
On a golf club course in Beijing, Zhang Yida chatted with Bao Fan about the merger while playing golf.
"The last time you operated a project was the IPO of Yimin Net Finance.
You know what? I was stunned at that time, a 20-year-old chairman of a Nasdaq listed company."
Bao Fan smiled, "But what's more surprising is what's behind. Watching Ruixiang step by step, Zhonghe has conquered cities at home and abroad, becoming a super unicorn, and now it is moving towards the goal of US$200 billion.
It’s not an exaggeration to call you a “son of the times”!”
"There is no son of the times. Except for short videos, the rest of the business is second-rate."
Zhang Yida swung the club and watched the golf ball fly out in a beautiful parabola and land in the distance.
Bao Fan thought about it carefully and felt that what Zhang Yida said was correct.
The two groups, Ruixiang and Zhonghe, are a bit like a student who is seriously partial to subjects.
Mobile payment ranks third in the country, e-commerce ranks third, and major cultural entertainment ranks fourth. Short video alone is the only one in the world. It is not only ranked first in China, but also ranked first in the world.
But just by cobbling together such a company with multiple businesses that can only be ranked second-rate, it has also created a unicorn company with the highest valuation in the world.
It exceeds Uber, which is valued at US$120 billion, and surpasses Lee Financial Services Group, which is rumored to be seeking a new round of financing at a valuation of US$100 billion.
It is estimated to be comparable to flix, which ranks eighth among global technology companies in terms of market value, behind Apple, Amazon, Microsoft, Google, Facebook, Ali Baba, and Penguin.
"After the merger, it will probably be listed soon, right?"
When Zhang Yida heard Bao Fan ask this question, he knew what he was planning.
China Renaissance has many business sectors, including private equity financing, mergers and acquisitions, securities underwriting and issuance, securities research, securities sales and trading, private equity investment, and securities asset management.
It mainly provides one-stop financial services across mainland China, Hong Kong, and the United States for Chinese new economy entrepreneurs and investors.
It seems that the other party also wants to get a share of the IPO feast of the new group after the merger. It is okay to add one more underwriter. After all, the scale of the IPO of the new group will not be small, and brokerages may have to find dozens of them.
The key depends on what Baofan can provide, or what the benefits are.
Bao Fan looked at Zhang Yida, who was staring at him closely, and said with a smile: "Don't look at me like this. M&A cases must follow formal procedures. After all, there are several auditing agencies from abroad."
"Where did you want to go?"
Zhang Yida rubbed his eyebrows, "I mean, it's cheaper. Doesn't Pinduoduo have an advertising slogan? It's cheaper to buy together!"
Bao Fan breathed a sigh of relief. He thought Zhang Yida wanted him to do something small.
“Mr. Da, don’t worry, China Renaissance’s services are always good and economical!”
Zhang Yida smiled and finally understood why Bao Fan was able to win so many projects. His eloquence was simply amazing.
However, the other party came from a family of diplomats. It is said that when he was a teenager, he and a group of friends traded foreign exchange coupons to buy imported goods, then resold them at a higher price.
There are talents and genetic bonuses!
“The valuation of Zhonghe’s shareholders is a bit high, so there are gambling requirements.
As for Ruixiang, if shareholders also want a high valuation, they can also propose a bet.
There is no need to delay the merger. To eliminate some disputes, it is best for both parties to gamble together."
Zhang Yida looked at Bao Fan and said with a smile: "I'm just going to give you an idea, and it's up to you to control the details.
I'll leave the matter to you. You have to send messages back and forth between the two sides, which may take a while.
When the matter is successfully concluded, China Renaissance will definitely be the underwriter."
Bao Fan also has a delicate heart. After thinking about the equity structures of the two parties, he seemed to understand something.
After just saying a few words, Zhang Yida said no more.
He knew that Bao Fan was a powerful person and had solved so many merger cases. He should not be disappointed this time either.