The office became quiet again.
Zhao Chen leaned back on the chair, looked at the ceiling, and went through the composition of Board of Directors in his mind.
Board of Directors of Henglong currently has nine people - Zhao Chen, Zhang Qingxue, Chen Xi, Liu Mingyu, Song Zhongping, Shen Jue, and three Independent Director Xu Yong, Wu Hongyuan, Sun Zhengping.
Zhao Chen Of course there is no problem for me.
Zhang Qingxue and Chen Xi are my right-hand men.
Liu Mingyu is one of our own and will not object.
Chen Wei has not officially joined Board of Directors, but she is at the executive level and will not participate in voting on this issue.
Song Zhongping can be considered one of our own, Zhao Chen has dealt with him several times.
Henglong is an old minister who is prudent in his work and has a strong sense of risk.
But as long as Zhao Chen lays out the numbers clearly and explains the logic clearly, he will not object for the sake of objecting.
The real variables are the three Independent Director.
Xu Yong was introduced by Shen Jue, the vice president of the University of Finance and Economics, who is very prestigious in the financial field.
His attitude depends largely on Shen Jue.
Wu Hongyuan is an academic economist. He has always had a wait-and-see attitude towards Zhao Chen - neither close nor exclusive.
As long as there are no legal loopholes in the bill itself, he will not jump out to oppose it.
Sun Zhengping is a retired regulatory official and has a strong sense of responsibility for Henglong.
This person is relatively conservative and does not like aggressive expansion strategies.
Two Hundred Million's acquisition authorization, he may feel that the risk is too great.
Zhao Chen reviewed everyone's position in his mind, then picked up his phone and turned to Shen Jue's number.
Fight now? Or tomorrow?
He glanced at the time - it shouldn't be busy at the moment.
He pressed the dial button.
The phone rang three times and was connected.
"Chairman Zhao?" Shen Jue's voice came from the receiver, with a hint of surprise, "What's the matter?"
Zhao Chen did not beat around the bush. "Director Shen, the day after tomorrow Board of Directors, there is a proposal that I would like to discuss with you in advance."
Shen Jue was quiet for a second, and then said, "Say."
Zhao Chen briefly explained the content of the motion--
For the acquisition of Bubble Mary Existing Shares Holder Shares, the premium standard shall be confirmed by him. The single transaction shall not exceed 50 million and the total amount shall not exceed Two Hundred Million.
After he finished speaking, he did not rush to add anything, waiting for Shen Jue to digest it.
There was silence on the other end of the phone for about five seconds.
Then Shen Jue spoke, his voice much more serious than before. "Two Hundred Million's authorization is not small."
Zhao Chen said, "I know. That's why I called you in advance."
Shen Jue asked, "How do you plan to set the premium standard?"
Zhao Chen said, "Bubble Mary's valuation in the last round of Private Placement was 1 billion.
To acquire Existing Shares, I plan to pay a premium of 20% on the basis of 1 billion, which is 1.2 Billion Valuation. This price is higher than the market price, but it is not outrageous.
If Existing Shares Dong is willing to sell it, I will accept it. If he is not willing to sell it, I will not force him."
Shen Jue asked again, "The acquisition limit is Two Hundred Million. How many shares can I buy?"
Zhao Chen did the math. "Based on 1.2 Billion Valuation, Two Hundred Million can probably buy 16.7% of the shares. Adding in the 5% of Private Placement, the total shareholding can reach about 21.7%."
Shen Jue was silent for a moment. "Zhao Chen, when you invested in Yunnan Agriculture, you took 20% and gave up Voting Rights.
Now if you invest in Bubble Mary, you will get more than 20%. Are you going to transform into an investment holding company?"
Zhao Chen said, "I have this idea. But I am not in control alone. I grow with the founder.
I gave up Voting Rights over Yunnan Agriculture, and the same goes for Bubble Mary over here."
Shen Jue was quiet for a while again.
There is no doubt that she believes in Zhao Chen's vision.
"Chairman Zhao," Shen Jue finally spoke, "I have no objection to this motion. But I have a request."
Zhao Chen Waiting for her to continue.
Shen Jue said, "Authorization can be given, but there are two restrictions. First, the average price of acquiring Bubble Mary Existing Shares cannot exceed 1.2 Billion Valuation.
The 20% premium you just mentioned needs to be written into the bill and cannot be decided by you alone.
Second, every acquisition must be reported to Board of Directors. There is no need to approve it in advance, but it must be recorded afterwards."
Zhao Chen thought about it. These two restrictions are not harsh.
The average price does not exceed 1.2 Billion Valuation, which was his original plan.
Subsequent reporting is also a normal compliance requirement.
"Okay." Zhao Chen said.
Shen Jue's tone was a little more relaxed. "That's okay. Board of Directors, Xu Yong I will convince him the day after tomorrow.
You can talk to the other two Independent Director yourself. I won't say hello for you."
Zhao Chen smiled, "Okay. Thank you Director Shen."
Shen Jue said, "You're welcome. Chairman Zhao, I support you not because you are Henglong's Chairman.
It's because you do things in a systematic way. The better Henglong is, the more valuable my shares will be.
You handled the matter of Yunnan Agriculture very well. Regarding Bubble Mary, I asked myself that I couldn't do such a good job.
Keep it up."
Zhao Chen said, "I will."
The phone hung up.
Zhao Chen put the mobile phone on the table, picked up the tea cup and took a sip. Shen Jue got it done here, Xu Yong there was no problem.
The rest are Wu Hongyuan and Sun Zhengping.
Wu Hongyuan It's easy to handle over there.
He is an academic, so as long as the bill itself has no compliance risks, he will not stop it.
Zhao Chen just asked Zhang Qingxue to go through the legal terms of the acquisition plan again to make sure there are no loopholes.
Sun Zhengping may need to spend more effort.
This person is conservative and must have concerns about the authorization limit of Two Hundred Million.
But Zhao Chen has data in hand - Bubble Mary's revenue growth, store expansion speed, and Mololoy's sales data in the past six months.
Putting these numbers in front of him should convince him.
Zhao Chen wrote several names in his notebook, and marked the coping strategies behind each name:
Shen Jue: Communicated and agreed.
Conditions: Average price ≤1.2 Billion Valuation, report later.
Xu Yong: Follow Shen Jue, no problem.
Wu Hongyuan: Let Zhang Qingxue go through the legal terms to ensure there are no loopholes.
Sun Zhengping: Prepare Bubble Mary's data and convince him in person.
After finishing writing, Zhao Chen closed the notebook and leaned back on the chair.
Authorization from Two Hundred Million, this may be the greatest autonomy Henglong Board of Directors has ever given him.
But he knows that with great power comes great responsibility.
When this money is spent, it must produce results.
He picked up his phone and sent a message to Zhang Qingxue:
"Aunt Zhang, Bubble Mary Existing Share Acquisition's legal plan, please go through it again.
The key points are two: the average acquisition price shall not exceed 1.2 Billion Valuation, and each acquisition shall be reported to Board of Directors afterwards.
I need it for the meeting the day after tomorrow."
Zhang Qingxue replied instantly, "Received. I'll give it to you tomorrow morning."
Zhao Chen sent another message to Chen Xi:
"For the Board of Directors and Bubble Mary issues the day after tomorrow, please help me prepare a piece of material.
The key points are three:
The legal basis for giving up Voting Rights, the strategic value of Business Logic purchased by Mololoy Copyright, and Labobo Copyright.
Be concise and to the point, no longer than five pages."
Chen Xi replied, "Understood. Be ready tomorrow afternoon."
Zhao Chen put down the phone, stood up and walked to the window.
Outside the window, the night view of Shan City is as bright as ever.
At the intersection of the Yangtze River and Jialing River, the light casts a long reflection on the water.
He remembered what Shen Jue said - "You have a method for doing things."
This is probably the biggest change in him in the past six months. He has not become smarter, but has become more stable.
Every move must be calculated before taking, and every card must be thought out before playing.
The day after tomorrow Board of Directors, he wants everyone to see that Henglong is changing from a real estate company to an investment platform.
And this process does not rely on impulse, but on methods.