Sprinkle coins every day

Chapter 520 Plan ahead, the global venture capital circle is boiling!

"Chairman, is this stock incentive still valid for three years?" Jiang Yue asked.

"Let's extend it to four years." Zhang Shuo said.

The executives all understood that four years later, that is, in May 20, it happened to be the time point of the tenth anniversary of the establishment of Germination. If it was said that it was a complete coincidence, no one would believe it.

It is estimated that on the tenth anniversary, the third equity incentive plan will be launched in due course.

Since then, even if the equity incentive path of the Germinal System has been clarified, overall, although it is not like Warwick's full shareholding, it is still generous enough.

It's not as tight as the outside world thinks.

If you add the equity allocated by Zhang Shuo to the employee care fund before, it will be full of sincerity.

"In addition to setting the incentive period as four years, this round of equity incentives, I think, also needs to set two conditions. One is to properly tilt the equity incentives to the management and R&D personnel as much as possible."

To put it bluntly, it is to retain high-tech talents.

"Secondly, in terms of equity subscription, the group can advance the 350 billion subscription funds in advance. If the subscribing employees cannot pay in one lump sum, they can apply for a monthly deduction from their salary income for the next four years."

It is equivalent to allowing employees to "pay in installments", and the period is also four years.

This is also done in consideration of the fact that the capital pool for equity subscription this time is too large, even for management and R&D personnel, many people may not be able to pay in one lump sum in consideration of housing loans and other factors.

At this time, it is necessary to reflect the company's humanistic care.

"Chairman, you are too thoughtful, and we are all a little embarrassed." Lu Kai joked with a smile.

"Ha ha!"

Jiang Yue and other executives also laughed, looking very happy.

"By the way, Chairman, after this equity operation, the number of shareholders of Germination Holdings is bound to usher in a surge. In the future, will it be necessary to distribute dividends every year?" Jiang Yue asked another question.

The implication is that Zhang Shuo is no longer easy to talk about, so don't pay dividends.

"should be."

As Jiang Yue said, while gradually diluting the equity of Dream Fund, it also means that Zhang Shuo no longer has 100% control over Germination Holdings.

Although it is still the largest shareholder, there are some rules that should be followed and must be followed.

For example, dividends.

The only consolation is that Germination Holdings is not yet a listed company, and there is no plan to go public in the future. Even if it is a dividend, it is not mandatory.

When to distribute dividends and how to distribute dividends, Zhang Shuo has to decide in the end.

"Since there are dividends, Chunmiao Fund is already the second largest shareholder of the group after Dream Fund's second shareholding reduction, and the dividends it will receive in the future may far exceed the needs of Chunmiao Fund." Jiang Yue reminded.

That's what she's worried about.

Based on the annual dividends of Germination's 200 billion yuan, Chunmiao Fund's annual dividends are more than [-] billion yuan.

Where is the end of this?
As the helm of Chunmiao Fund, Jiang Yue must consider this issue.

"What do you mean?" Zhang Shuo asked.

"I suggest that the 5% - 10% equity held by Chunmiao Fund be returned to the chairman and you personally hold it. Because in itself, this part of the equity is transferred by you personally without compensation."

Jiang Yue is sincerely considering Zhang Shuo's interests.

If it is said that the Chunmiao Fund is controlled by Zhang Shuo himself, or Zhang Shuo's family, then Jiang Yue would never say such a thing today.

Because using family funds to hold company equity is a basic operation in the industry.

But the legal person of Chunmiao Fund is Germination Holdings, not Zhang Shuo's private control. Future decisions on public welfare must also follow Germination's corporate culture.

Major decisions even require the approval of the budding board of directors.

Under such circumstances, let Chunmiao Fund hold a large amount of shares in Germination, even the second largest shareholder of Germination, Jiang Yue is really worried that some hidden dangers will arise in the future.

In extreme cases, it may even threaten Zhang Shuo's control over Germination.

After all, the human heart is the most unpredictable.

Germinal is still in a period of rapid development, and Zhang Shuo is still young, so he is an indispensable soul of Germinal. But in the future, when Zhang Shuo retires, Germinal's development will stagnate.

Many things that seem impossible now may eventually happen.

Founder or something.

Driven by profit, it is actually not that important.

For this reason, as a veteran who eventually followed Zhang Shuo, Jiang Yue must plan for Zhang Shuo's rainy day, as long as Zhang Shuo still holds enough equity.

Then, any "restlessness" in the future, whether it comes from inside or outside, will be of no avail.

"I agree with President Jiang's suggestion!"

"agree!"

Lu Kai and other executives were naturally not stupid, and immediately sensed the deep meaning of Jiang Yue's arrangement.

They all spoke in agreement.

"This, are you thinking too much?"

How clever Zhang Shuo is, of course he saw through Jiang Yue's protective heart at a glance.

But not so worried.

"not much!"

Jiang Yue, however, had a firm attitude, and said immediately: "Chairman, if you feel that you personally hold too many shares, you can transfer this part of the shares to the prodigal son fund."

"Yes, chairman, it is an industry practice for the family fund to hold shares on its behalf."

Lu Kai also followed suit.

"In this case, then I will take back 10% of the sprouting equity of Chunmiao Fund and transfer it to the prodigal son fund for free. But there is one thing, the investment of sprouting in the field of public welfare will only increase in the future."

After being told by the executives, Zhang Shuo also realized that it would be safer for the prodigal son fund to hold shares.

As for the public good.

In the future, whether it is Zhang Shuo himself or the prodigal son fund, it can continue to be carried out.

No delay.

The most important thing right now is to firmly control the controlling stake in Germination.

After the adjustment, Chunmiao Fund’s shareholding decreased from 22.22% to 12.22%, changing from the second largest shareholder to the fourth largest shareholder; Prodigal Fund’s shareholding increased from 5.55% to 15.55%, becoming the third largest shareholder.

After the second shareholding reduction, Dream Fund holds 15.56% of the shares and is still the second largest shareholder of Sprout.

more importantly--

Zhang Shuo's personal holdings, together with the Prodigal Fund's holdings, together hold 51.67%, more than half of the shares. Even if Gu Xiaoxi's personal holdings are not counted, it is enough to ensure that the control will not be left behind.

Basically you can sit back and relax!
.........

"How is the progress of Mango Group's establishment of a factory in Prussia?" Zhang Shuo no longer entangled in the topic of equity, and turned to Senior Vice President Gu Mingzhang.

"The site of the factory has been determined, and a memorandum of cooperation has been signed with the local area. Next, we need to face a cumbersome approval process. After the approval is passed, the construction progress of the factory is not expected to be very fast."

Prussia will not give the green light to Mango Group's project, and it is not some infrastructure madman.

"In an ideal situation, it will take at least two years for the factory to be completed."

Gu Mingzhang said he was also helpless.

"Two years, just two years, don't worry."

Regarding the situation of Europa, Zhang Shuo naturally has psychological expectations, "I judge that the explosion of new energy vehicles will take at least two or three years, and there is still time."

Mango Auto has already built three super factories locally, and there is no anxiety about production capacity.

Not like Tehula.

Last month, Teshila finally released the Model X in China. The starting price can be as high as 96, which still discourages most Chinese consumers.

Basically, it cannot pose any threat to Mango S1.

"What Mango Group needs to do is to simultaneously start the channel construction in the European market with the assistance of the Prussian company while building the factory."

Last month, under the strong recommendation of Howard, the chairman and president of the Dream Fund, Zhang Shuo passed the interview, and the president of Germination Holdings Europa and the person in charge of Germination Holdings (Prussia) Co., Ltd. has already arrived.

Also a Prussian.

In Prussia, and even the whole of Europe, has a strong influence and connections.

One of the common points between new energy vehicles and traditional fuel vehicles is that while focusing on product control and production, they also need to increase investment in marketing. Both are equally important and cannot be separated.

"understand!"

Gu Mingzhang also understood.

.........

After the Germination meeting, the news about Dream Fund's reduction of its shareholding in Germination quickly spread on the Internet and became a hot topic in no time.

"Dream Fund is stupid, so eager to cash out."

"It's really a bit ugly. I only reduced my holdings half a year ago, and this is the second time to reduce my holdings."

"Fortunately, the valuation is not high, otherwise, I'm afraid I will die."

"No matter how high the valuation is, no one is willing to take over."

"That's right, at the current valuation, 500 billion is needed? What is the concept of 500 billion? The market value of Qiandu and Tengda have not reached this level."

"It means that Dream Fund's reduction of holdings is tantamount to selling a Tengda?"

"you do not say!"

"According to Germination's announcement, Germination will no longer be responsible for the share repurchase this time, and I don't know which investment institution will be able to have such strong financial resources to take over the deal."

"The people upstairs are so naive!"

"The fact is just the opposite. With Germinal's ultra-low valuation of 3.5 trillion yuan, the investment institutions that want to subscribe may have already squeezed Germinal's door."

"I can only say that poverty limits my imagination!"

"This time the equity subscription, Germination internally launched the second employee equity incentive. I am really envious of my real name. In the future, I am afraid that I will be able to live comfortably with just dividends."

"Sprout's benefits are indeed top-notch in the industry, and I can't even envy them."

……

The discussion on the Internet is more just to watch the excitement. After the news spread, it is the global venture capital circle that really stirs up the pot.

even if-

Germination Holdings has made clear the expenditure in the announcement, and the subscription objects are limited to the national team.

All of a sudden, national names such as Huaxia Investment, Huaxia Insurance Fund, etc., down to provincial investment and city investment, all swarmed like bees smelling the fragrance.

Everyone wants a piece of it.

Overseas, with Dream Fund's second reduction of holdings in Sprout, it will accumulatively cash out a huge amount of 6000 billion yuan from its investment in Sprout in China.

Let Dream Fund surpass Soft Fund in one fell swoop and become the most successful investment institution in China.

none of them.

Compared with the previous liquidation reduction of Tengda by Nanfei Newspaper, the latter only made a profit of more than 1000 billion.

There is no comparison at all.

You must know that even after the second shareholding reduction, with the readjustment of the shareholding structure within Germination Holdings, Dream Fund is still the second largest shareholder of Germination.

The value of the remaining equity held by it, based on the valuation of the venture capital circle, still exceeds the market value of the entire Ahri.

What is soft gold compared to?

This also made Dream Fund famous in Europa and even the global venture capital circle, and became one of the most prestigious investment institutions in the world.

In front of the dream fund, the stock god is afraid that he will be a little short.

And what about the Dream Fund?

On the day after Germination made the announcement, on behalf of Xianzhengda, it launched an acquisition invitation to Meng Sandu. It seemed that it wanted to use such a method to strongly announce its existence.

This puts rival Bayer under pressure.

without it!

Bayer itself is still in a state of debt, and the acquisition of Monsanto this time requires a lot of borrowing.

On the other hand, Dream Fund, after the second shareholding reduction, the total amount of funds held in its hands is close to 700 billion US dollars, even exceeding Bayer's quotation for Monsanto.

That means.

Even if the Dream Fund does not join hands with the Vision Fund and others, it can eat Mengsandu by itself.

And pay in cash.

It's no wonder that after receiving the acquisition invitation from Xianzhengda, Mengsanto's attitude was also very positive, giving Bayer the same or even slightly higher treatment.

For a time, he even expressed a little eagerness.

.........

a.

In the office, Lu Kai, the president of Germination Holdings, was complaining to Zhang Shuo, the big boss: "Chairman, I really have one head and two big ones. The final list is up to you to finalize."

past week.

The disguised "financing" of Sprout Holdings is naturally the biggest event in the venture capital circle.

In a sense, it is also Huaxia's largest financing, which can be described as unprecedented.As for whether there are latecomers, it probably depends on whether the Future Dream Foundation will reduce its holdings again.

As the trader of this "financing", Lu Kai is very prosperous, but he is also facing various pressures from all sides, tangible and intangible, explicit and hidden.

In order to qualify for the subscription, in the past week, all the major investment institutions showed their talents.

among other things-

The high-end hotels near the Germinal Industrial Park alone are rarely full. Almost every day, more than a dozen groups of investors enter the Germinal Industrial Park and pay a visit.

Not to mention all kinds of meals, drinks and banquets.

If it was an ordinary investment institution, then Lu Kai could still refuse, but many investment institutions have bigger and bigger backgrounds, and Lu Kai couldn't even refuse.

"I feel like I'm going to be soaked in alcohol." Lu Kai smiled wryly.

"Thanks for your hard work!"

Zhang Shuo had expected this a long time ago, so he let out the rumors early on. Lu Kai was solely responsible for this matter, and he himself did not participate.

The current intention is not to look for him, it is useless to look for him.

Normally, such a simple excuse would definitely not be able to hold back those investment institutions, but Zhang Shuo's temper was notoriously weird in the industry.

It belongs to the kind that turns your face when you say it.

In view of this, many investment institutions really dare not disturb Zhang Shuo, for fear of annoying Zhang Shuo, and being directly removed from the list by Zhang Shuo, it is really not worth the candle.

on the other hand.

It was also the second uncle who made a little noise in the industry in advance and indirectly protected Zhang Shuo.

otherwise.

Even with Zhang Shuo's energy, he didn't dare to be so perverse.

Zhang Shuo couldn't help it. In the face of many big shots, if he didn't pretend to be crazy and foolish, and he was not stingy with playing tricks, he would really be cutting things and making chaos.

The interests are touching.

"do not!"

Faced with Lu Kai's request for help, Zhang Shuo was hard-hearted, and said with a smile: "If I let out the rumors, if I say I don't care, then I really don't care. You can't just keep your word, right?"

"Ah?"

Seeing that the big boss really wanted to be the shopkeeper, Lu Kai was completely dumbfounded this time.

"do not!"

Lu Kai was about to cry, "Chairman, why don't you set a big framework? Otherwise, I really can't handle such a big battle with my little arms and legs."

"Then I will say two things."

Seeing this, Zhang Shuo didn't want to embarrass Lu Kai too much, and said with a smile: "First, in principle, the number of investment institutions participating in the subscription this time should not exceed 36."

No matter how much, the average share of each family is too small, and I am afraid it will be difficult to explain.

"Secondly, the institutions participating in the subscription, except Huaxia Investment and other national teams, in principle, give priority to urban investment or provincial investment that have investment and cooperation with Germination."

Still the same sentence, the benefits are shared, and the rain and dew are shared.

Zhang Shuo generously took out 9% of the shares of Germination Holdings this time. He couldn't get nothing. At the very least, he wanted to fight for some real benefits for Germination.

Otherwise, he can follow the example of the last time and let Germination Holdings buy back this part of the equity.

It's not that there is no money in Mengya's account.

Moreover, even if it is to raise funds, it will be eaten up by Germination Holdings at a price of 500 billion yuan, and then "financed" at a valuation of 4000 billion or even 5000 billion yuan, and some investment institutions are rushing to it.

Isn't this the big gift bag that Mengya sent out?

"All right!"

With Zhang Shuo's guidance, the list that Lu Kai made before can basically eliminate more than half of the investment institutions and narrow the scope to a suitable one.

How to determine the 36 investment institutions in the end will definitely have to be discussed by the board of directors.

As a high-level professional manager, since Lu Kai "takes the blame" for the big boss, he naturally has the consciousness to carry it to the end. It is impossible to say that he will really drag the big boss into the water.

It is the best rhetoric to replace Zhang Shuo's personal decision with the decision of the board of directors.

No one can find a reason!

(End of this chapter)