Chapter 827 Capital Is Ruthless

Yamaguchi Zeono and Suzuki Sanosuke received the news from Yang Chen and immediately took action.

The two of them went directly to Boss Sun. No matter whether they used soft or hard methods, they had to convince him to sell all the shares to Yang Chen. The price was calculated based on the valuation of 150 billion meters of gold. Even a penny more would not suffice. .

If Boss Sun doesn't agree, then Yamaguchi and Shin Inakawa will use their own methods to convince him to agree.

Boss Sun didn't expect that Yang Chen's relationship with Yamaguchi Zeono and Suzuki Sanosuke would be so good.

If the two presidents are really willing to stand up for Yang Chen, then Boss Sun will have to carefully consider whether to agree to all Yang Chen's acquisition requirements.

If 4.5% of the equity is sold based on the valuation of 150 billion meters, SoftBank’s investment in Douyin will receive a return of 4.5 times. In fact, this is already very good, and everyone in the group will definitely be happy to accept it.

But if Boss Sun doesn't sell the 1.5% to Yang Chen, what will happen to Yamaguchi Zeono and Suzuki Sanosuke?

The Yamaguchi Group and the Inakawa Group are fighting every day. They can really do anything.

It is no exaggeration to say that as long as they can force Boss Sun to agree to sell all his shares, they will even dare to attack his family, or the company's shareholders and senior executives.

For these two groups, murder and arson are commonplace. Is there anything they dare not do?

Boss Sun quickly convened a meeting of shareholders and group executives to discuss the sale of Douyin shares to Yang Chen.

Yang Chen offered such a favorable acquisition price. Naturally, not only SoftBank is interested in selling shares, but also Tiger Fund, Cloud Investment Fund, etc. are interested in selling their shares in Douyin.

As Yang Chen said on Weibo, instead of waiting until it is unknown when it will be listed, and there will be a three-year lock-in period after the listing, it is better to earn more than 3 times and sell it to Yang Chen now.

If you wait 3-5 years before taking action, Douyin's market value will be lower than the current reasonable valuation. Wouldn't that be a big loss?

These investment institutions are there to make money, not to control Douyin.

Now they can make three times their income immediately, and they are not willing to miss the opportunity.

Yang Chen was busy contacting the heads of major investment institutions, and Zhang Yiming was not idle either.

Douyin’s equity division is in the hands of those investment institutions.

Zhang Yiming's status as the major shareholder will not be shaken, and there is no need to worry about those institutions interfering in the group's management.

But once all the equity held by those institutions is sold to Yang Chen, Yang Chen's shareholding ratio is only 2% different from Zhang Yiming's. This situation will be too unfavorable for Zhang Yiming.

Therefore, Zhang Yiming must find a way to prevent shareholders from selling their equity to Yang Chen.

Zhang Yiming convened the shareholders' meeting as a major shareholder.

At the meeting, he clearly requested that major shareholders not sell their shares to Yang Chen, otherwise they would no longer accept their investment requests for all companies under the Digital Beat Group.

However, how could these investment tycoons be frightened by him?

To put it bluntly, they have invested in more companies than Zhang Yiming can name. How could they be frightened by his words?

However, in line with the principle of friendly negotiation, the shareholders did not directly have a showdown with Zhang Yiming, but adopted a curve to save the country to achieve the purpose of selling equity.

For example, a representative of Yuntou Fund said: "We all understand what Director Zhang wants. But Yang Chen gave too much. Douyin's current valuation of 100 billion meters is already high, but he still pays a 50% premium. Acquisition. To put it bluntly, when Douyin is listed, whether it can reach 150 billion meters in gold at its peak is still a question. Kuaishou, which is similar to Douyin, is a good example. It has been falling since its listing. It can be expected in the future Douyin will be the same when it goes public. It peaks on the day it goes public and then falls all the way. Instead of selling it at a low price and delaying it for so long, it is better to sell it at a high price now and use the money to invest in other projects. I hope Director Zhang can stand on the Think about the problem from the perspective of our investors, and don’t just ask us how to do things from your personal standpoint.”

Later, a representative of Tiger Management expressed the same idea.

Although other investment institutions did not speak, their attitudes were the same.

Who can resist getting 3-4 times the profit immediately?

Of course, if everyone cooperates, shareholders must take Zhang Yiming's feelings into consideration.

Therefore, representatives of Sequoia Capital proposed a solution, asking Zhang Yiming to buy back their equity at a valuation of 150 billion meters.

In this way, shareholders get the benefits they deserve, and Zhang Yiming can steadily control Douyin.

Other shareholders responded, all agreeing with the solution.

However, Zhang Yiming himself disagrees.

When he sold his shares to these institutions, Douyin's valuation was only a few billion meters of gold at its lowest, and only 40 billion meters of gold at its highest.

Now if he is asked to buy back his shares at a valuation of 150 billion yuan, wouldn't he lose a lot of money?

Besides, he can't afford so much money to repurchase shares.

According to the reality of the rich list, Zhang Yiming ranks second with a net worth of 340 billion yuan.

340 billion Daxia coins are equivalent to 51.6 billion meters of gold.

Based on the valuation of 150 billion meters of gold, the 49% equity held by other shareholders is equivalent to 73.5 billion meters of gold.

Zhang Yiming's 51.6 billion gold wealth is mainly the company's equity holdings, and he himself has very little cash.

This means that the money he got from selling all the shares he held was not enough to buy back the shares held by Douyin shareholders at a valuation of 150 billion yuan.

Therefore, shareholders said that his plan to repurchase shares based on a valuation of 150 billion meters was simply not feasible.

Even if he himself is willing to buy back at a loss, he does not have the strength.

Zhang Yiming immediately refused: "That's definitely not possible. When I accepted your investment, Douyin's valuation was not as high as it is now. Where can I get so much money to repurchase your shares? So, I can only hope that you can see it. For the sake of our cooperation, please do not sell equity to Yang Chen. As long as everyone can do this, I will open more cooperation opportunities to everyone in the future."

The shareholder representatives laughed.

I don't know what to say to convince them to give up 3-4 times their income with an illusory future.

The representative of Tiger Management said very directly: "We have given Mr. Zhang the right of priority to repurchase. If you don't want this opportunity, there is nothing we can do. We are an investment institution, not a charity. What we pursue is profits, not favors." . If Mr. Zhang develops better works in the future, let’s discuss cooperation. If Mr. Zhang does not buy back our equity, then we will sell it to Mr. Yang Chen. There is no way, he gave too much, We really can’t find a reason to say no.”

Foreigners are more direct in speaking and doing things, and they don't care about favors or face.

In their eyes, profit is the first priority, and Zhang Yiming's face can be ignored.

Capitalists are cold-blooded and this is the only way to make money.

If the mothers-in-law were hesitant and held back by so-called favors and face, they would not be able to achieve what they have achieved now.

Tiger Management has grown from a capital of several million to the current cash flow of more than 20 billion meters. Could it be influenced by favors?

It can only be said that Zhang Yiming is still too young and has not yet realized the ruthlessness and cruelty of capital.

As soon as Tiger Fund expressed its stance, other shareholder representatives quickly expressed similar thoughts.

Or, Zhang Yiming buys back the equity they hold.

Or, they sell their equity to Yang Chen in exchange for 3-4 times the income.

The decision now rests with Zhang Yiming, and he can think carefully before giving a final answer.