At about nine o'clock in the evening, Zhao Chen and Su Wantang returned to the Villa.
The two sat down on the sofa.
There were bright lights outside the window, but neither of them had any intention of looking at it.
"Now that the talks are almost complete, when will the contract be signed?" Su Wantang asked.
She sat next to him and heard every detail of the negotiation clearly.
Cheng Jiaxun agreed more quickly than expected and the price was agreed upon, but this was only a verbal agreement.
Zhao Chen leans on the sofa:
"The sooner the better. But Chen Xi and Aunt Zhang have just started taking a vacation, so it is not appropriate to call them back now."
Su Wantang thought for a while, "But this matter really cannot be separated from the two of them."
She clasped her fingers:
"Xi Xi is responsible for due diligence. She has to lead her team to check Yunnan Agriculture's accounts, cash flow, and liabilities.
Aunt Zhang is responsible for drafting Legal Document, Equity Transfer Agreement, the supplementary clauses for giving up Voting Rights, and the arrangements for Board of Directors Seat - she has to personally check every one of them."
Zhao Chen nodded.
Su Wantang is right. A transaction worth hundreds of millions cannot be done just by signing.
Due Diligence, legal documents, capital delivery - any step that goes wrong will be a big trouble.
"Mr. Cheng, how long can we wait?" Su Wantang asked.
Zhao Chen thought for a while, "He didn't say it, but he must be anxious in his heart.
Yunnan Agriculture Now Capital Chain is nervous, with bank debt collection and Suppliers collection, every day is suffering.
He promised so happily just waiting for us to transfer the money as soon as possible."
Su Wantang looked at him. "Then we can't let Mr. He wait too long."
Zhao Chen was silent for a few seconds.
Su Wantang said softly, "How about... temporarily canceling their vacation?"
Zhao Chen glanced at her.
Su Wantang said:
"I know you just gave them a holiday, so it's not appropriate to call them back now. But this deal is worth hundreds of millions, so you can't joke about it.
Moreover, Xi Xi and Aunt Zhang are both understanding people, and they will definitely come back as soon as you talk about business."
She paused. "At worst, I'll give them a few more days off after the contract is signed."
Zhao Chen thought for a while and picked up the phone.
"You're right. We can't keep Mr. He waiting too long."
He opened the address book and found the number Chen Xi, and hesitated again.
"Call Xi Xi first." Su Wantang said, "She has to lead a team to do due diligence, so she needs to arrange manpower in advance."
Zhao Chen nodded and pressed the dial button.
It rang twice and connected.
"Zhao Zong?" Chen Xi's voice came from the other end of the phone. The background sound was a bit noisy, like eating out.
Zhao Chen said, "Chen Xi, sorry to disturb your vacation."
Chen Xi laughed, "It's okay. Zhao Zong, did something happen?"
Zhao Chen said, "Yunnan Agriculture Group I have reached an agreement with Mr. He today.
Yunnan Agriculture Group sold 20% of its shares with a valuation of 390 million.
Mr. Cheng has already agreed and is waiting for us to sign the contract after completing the due diligence."
There was silence on the other end of the phone for a second.
"390 million? 20%?" Chen Xi's voice suddenly became serious, "Then the post-investment valuation is less than 2 billion?"
Zhao Chen said, "Yes. Based on last year's net profit, it is 11.5 times."
Chen Xi took a breath. "This price is much lower than the IPO valuation. Can Mr. Cheng accept it?"
Zhao Chen said, "I gave up Voting Rights. I will not participate in management or interfere in decision-making."
Chen Xi was silent for two seconds. "Zhao Zong, are you... really planning to be Financial Investment?"
Zhao Chen said, "Yes. I am optimistic about their team and let them do it themselves.
But due diligence still needs to be done, and the agreement needs to be signed. You have to come back and take the lead on this matter."
Chen Xi did not hesitate. "I understand. I will fly back early tomorrow morning."
Zhao Chen said, "No rush. Just come back tomorrow."
Chen Xi said, "It's okay, I have nothing to do anyway. Then I'll hang up first and make arrangements."
The phone hangs up.
Su Wantang listened from the side. "She didn't hesitate, right?"
Zhao Chen shook his head. "There is no hesitation."
Su Wantang smiled, "She is a workaholic. If you can call her at this time, it proves her value and she will be very happy."
Zhao Chen dialed the number of Zhang Qingxue again.
After three rings, the call was connected.
"Xiao Chen?" Zhang Qingxue's voice is very calm, and the background sound is very quiet. He should be at home.
Zhao Chen said, "Aunt Zhang, sorry to disturb your vacation."
Zhang Qingxue said, "It's okay. Xiao Chen, is there something wrong?"
Zhao Chen briefly explained what happened to Yunnan Agriculture.
After Zhang Qingxue listened, he asked, "Mr. Cheng actually agreed?"
Zhao Chen said, "I agreed. It is a verbal agreement and a formal document needs to be signed as soon as possible."
Zhang Qingxue said, "Then Equity Transfer Agreement, the supplementary clauses for giving up Voting Rights, and the Board of Directors Seat arrangements - these all have to be drafted by me."
Zhao Chen said, "Yes. So I have to trouble you to end your vacation early."
Zhang Qingxue didn't hesitate. "It's okay! I didn't plan to go out anyway, I just happened to be at home with nothing to do."
Zhao Chen said, "Thank you for your hard work."
Zhang Qingxue said, "It should be."
The phone hangs up.
Su Wantang looked at him. "You all agreed?"
Zhao Chen nodded. "I agreed."
Su Wantang leaned on his shoulder. "The two of them are following you, it's really nothing to say."
Zhao Chen shook his head. "They are the ones who are reliable."
He paused and said, "When this matter is finished, I will give them a few days off."
Su Wantang smiled, "That depends on how long it will take Mr. Cheng to complete the adjustment."
Zhao Chen thought for a while, "If it's fast, it'll be a week. If it's slow, it'll be half a month."
Su Wantang nodded and did not ask any further questions.
The two sat quietly for a while.
Zhao Chen's eyes fell on the coffee table, where there was a small box that Su Wantang opened two days ago--
There was a palm-sized doll with a chubby body, a pouted mouth, and a bunny ear headband on its head. It was leaning against the box with its head tilted.
"What is this?" Zhao Chen picked it up and looked at it.
Su Wantang's eyes lit up. "Mololoy. Have you never seen it?"
Zhao Chen looked over and over, and found the letters "POPO MAIRI" printed on the box.
"Bubble Mary?" he asked.
Su Wantang nodded. "Yes. I started buying some time ago."
Zhao Chen looked at her. "Do you like this?"
Su Wantang took the doll from his hand and carefully put it back into the box, with a kind of cherishment in his movements that he didn't even notice.
"Don't you think it's cute?"
She placed the doll on the coffee table and leaned it next to the tissue box.
"Look at its expression, it feels aggrieved and stubborn, like a child."
Zhao Chen Looking at the pouting little man, I really couldn't see where he was wronged or stubborn.
Su Wantang couldn't help but laugh when he saw his expression, "You men don't understand."
She took out her phone, opened the photo album and handed it to him. "Look, I collected this."
Zhao Chen took it and turned it over.
There is a whole row of these dolls in the photo - some wearing clown hats, some wearing space suits, some holding bears, and some with horns on their heads.
Everyone pouted, with almost the same expression.
Previous Life, he has only heard of the growth story of Bubble Mary, but has never been exposed to its products.
Two Lifetimes is a human being, and this is his first time coming into contact with Bubble Mary's products.
I happen to have a fan of Bubble Mary around me, so I can learn about this company from the consumer side.