Shen Jue After listening, he was silent for a while.
Then she asked a question Zhao Chen expected, "How much is the premium?"
"It may be valued at 1.3 billion, which is higher than the previous 1.2 billion."
It was quiet again on the other end of the phone.
Zhao Chen can hear Shen Jue breathing, she is thinking.
"Zhao Chen," Shen Jue finally spoke, "Are you sure you want to accept it in such a big way?
Wang An Although he relented, if you shopped goods so aggressively, would he think that what you said before was just for show?"
Zhao Chen said, "No. I made an agreement with him not to sell one share of Henglong before it goes public.
This commitment is written into the agreement. What he is worried about is not the shareholding ratio, but the liquidity of the shares. Once it is locked up, he is relieved."
Shen Jue didn't answer the call. Zhao Chen knew she was settling accounts.
With a valuation of 1.3 billion, Bubble Mary's profit last year was just over one million, and its PE was more than a thousand times.
This number does not hold up in any financial Model.
"Zhao Chen," Shen Jue's voice became very serious,
"I have a question. Do you think that on the Designer Toys track, the one that will run out in the end must be Bubble Mary?"
What if it's not? What if another brand comes up three years later and Bubble Mary is eliminated?"
Zhao Chen was silent for a second.
He couldn't answer this question with data.
He can't tell Shen Jue - because I am a reborn person, I know that Bubble Mary will be listed and will rise to 100 billion.
He can only try to answer in a way that Shen Jue can accept.
"Director Shen," he said, "Do you remember what Wang An talked to you when you watched Bubble Mary last year?"
Shen Jue was stunned for a moment:
"I remember. He told me a lot about Designer Toys, about Mololoy, and about 'selling toys to adults'. To be honest, I didn't fully understand it at the time."
Zhao Chen said, "I understand."
He paused and his voice slowed down a bit. "Wang An understands Designer Toys better than anyone else.
He is not doing business, he is doing faith.
Mololoy is not a toy, it is emotion. It is companionship and self-pleasure. It is something that young people are willing to pay for the emotional value.
In this track, the ones that can succeed are not the ones with the strongest funds or the strongest channels, but the ones with the deepest understanding of consumer emotions."
Shen Jue said nothing.
Zhao Chen continued, "I have Mololoy's Overseas Copyright in my hand, and I have the global authorization from Labobo.
If I want to make my own Designer Toys brand, I can always. But I don't. Do you know why?"
Shen Jue asked, "Why?"
Zhao Chen said, "Because I can't do it. I can spend one billion to dig out the best Designer, buy the best IP, and spread the widest channels.
But I can't make Wang An. No amount of money can buy his understanding of Designer Toys. So I don't make it myself, I vote for him."
There was silence on the other end of the phone for a long time.
Shen Jue's breathing was very light, but Zhao Chen could feel that she was thinking seriously.
"Zhao Chen," Shen Jue finally spoke, his voice softer than before,
"You can't convince me. A thousand times the PE, I still think it's expensive."
Zhao Chen did not refute. He knew that Shen Jue was from a financial background and could calculate accounts more clearly than anyone else.
A PE of one thousand times is crazy at any valuation Model.
He couldn't convince her with data, because the data in his hand only had a future that no one knew.
Shen Jue continued, "But you are right about one thing - Wang An, this person, does have something.
When I saw him last year, I felt that he didn't look like an ordinary entrepreneur.
He has a kind of... I don't know how to describe it, it's just a kind of 'I believe in this thing' energy."
Zhao Chen said nothing.
Shen Jue's voice became a little emotional:
"I didn't invest at that time because I was too focused on numbers. The valuation of 700 million, with no profit, I thought was expensive.
Now you tell me 1.3 billion, I still think it's expensive. But maybe-" She paused,
"Perhaps in the Designer Toys track, it doesn't matter whether it's expensive or not. What matters is the person."
Zhao Chen said, "Director Shen, you are on to the point."
Shen Jue smiled, the laughter was very light:
"Don't put your hat on me. I'm still not convinced by you. But I won't stop you either."
Zhao Chen Waiting for her to continue.
Shen Jue said, "You want to bypass Board of Directors's authorization to collect Existing Shares. I know this.
From a procedural point of view, I don't agree. But from a result point of view - I believe in your vision.
Every time someone thinks you're crazy, you end up being right."
She paused. "So this time, I won't stop you. But I have a condition."
Zhao Chen said, "You said."
Shen Jue said, "After the acquisition is completed, Board of Directors will be held as soon as possible to make up for the matter.
Don't delay until Shareholders' Meeting, the sooner the better. The longer you delay, the more it will appear that you are just talking."
Zhao Chen nodded. "Okay. Once the first phase of the acquisition is completed, I will convene Board of Directors."
Shen Jue was silent for two seconds, and then said, "Zhao Chen, you actually don't need to make this call to me.
If you bypass the authorization from Board of Directors, do it first and then talk about it. I can't do anything to you.
If you can tell me, you already show respect."
Zhao Chen did not answer the call. He knew that Shen Jue was telling the truth.
He is Chairman, he is Major Shareholder. Although there are flaws in the procedures for bypassing Board of Directors authorization, no one can really stop him.
But he doesn't want to be that kind of person - the kind of person who thinks, "I'm right so I can break the rules."
"Director Shen," Zhao Chen said, "You are Henglong's second Major Shareholder. It is unreasonable not to tell you about such a big matter."
Shen Jue smiled, "Okay, don't put a high hat on me. Get some rest early."
"Director Shen Good night."
The phone hung up.
He leaned back in his chair and closed his eyes.
Shen Jue was not convinced. But he didn't need her to convince. He just needed her not to object.
The reason why she didn't object was not because of the sufficient reasons he gave, but because every judgment he made in the past year was correct.
This is the credit he has accumulated through victory after victory - not trust, but credit.
Trust is emotional, credit is rational.
Trust can be betrayed, credibility can only be verified.
Shen Jue didn't ask "Why are you so sure?" nor did he ask "What if I'm wrong?"
She just said "I won't stop you". This is not trust, it is acquiescence.
There is a layer of things between acquiescence and trust. That layer of things is called results.
When he does something right, acquiescence will turn into trust. If he does something wrong, acquiescence will turn into "I told you so."
Zhao Chen smiled bitterly.
This is what the decision-makers must bear.
No one will tell you "you must be right" before you make a decision. They will just wait until you finish it and then look at the results.
The car drove into the community, the driver parked the car and got out. "Zhao Zong, here we are."
He did not enter the house immediately, but took out his mobile phone and looked at the time.
11:47. There is still more than an hour, February 12th has passed.
He opened WeChat and saw a message from Shen Zhiyi: "Are you done today?"
Zhao Chen replied, "Just got home. Where are you?"
Shen Zhiyi responded with an emoticon in seconds, which was an animated picture of Mololoy sleeping with a pillow in his arms.
Zhao Chen looked at the animated picture and smiled. He replied, "Good night."
Shen Zhiyi replied with "Good night", followed by a moon emoji.
He suddenly remembered a sentence he didn't know where he had seen - do the right thing, not the easy thing.
He knew he was right. But he also knew that there was a long way between "knowing" and "proving".
And with its own blessing, Bubble Mary will develop faster, and this section will work out soon.