Winning the new financial era

Chapter 595 Super Luxurious Lineup (Leader Plus 710)

"Moses Moses!"

Early in the morning, Zhang Yida called Sun Zhengyi directly, and showed off his loose Japanese.

"Konni Seven Baby!"

Sun Zhengyi was stunned for a moment, and directly replied "Good morning" in Japanese.

After replying, he realized that it was Zhang Yida.

He does not speak Chinese, but only speaks three languages: Japanese, Korean and English.

He smiled and said in English: "Mr. Zhang, your Japanese is really good. Did you learn it recently?"

Zhang Yida smiled, "No, I only know a few words. I taught myself by watching Dongying movies."

"What movie?" Sun Zhengyi asked, he was a little interested in what kind of Japanese dramas Zhang Yida watched.

"Uh...what's the name, it seems to be called "Female Investigator"."

Sun Zhengyi chuckled, did not continue the topic, but asked Zhang Yida why he came.

"That's right, BBPay is going to change the equity. Let me ask, do you mean to transfer the equity?"

Sun Zhengyi frowned, what does this mean?Do you want to drive out SoftBank?

"Mr. Zhang, although Ruixiang has fierce competition with Ali and Alipay, Grab and Lazada in Southeast Asia are also competing, and Paytm and BBPay in India are even more fierce.

However, Softbank has always abided by the duty of investors, and has not made any criticisms or favored any party. "

Zhang Yida said with a smile: "I understand, I can trust Mr. Sun as a man.

I just asked, the main reason is that BBPay is currently directly controlled by Chinese capital, so it is inconvenient to do things in India, and there are various constraints.

We plan to penetrate the equity, half of which will be directly held by Ruixiang, and half will be directly held by all shareholders.

In addition, a part of the equity will be sold to Singh, so that BBPay will be the same as Ahri and Ruixiang. It is a completely local company, only that it has foreign capital participation. "

Sun Zhengyi understood immediately that this was going behind the scenes.

He felt that this was the correct approach, as Rui Xiang's previous methods were too rough.

However, it is not too late to wake up now, and the two big countries are generally relatively peaceful.

"Then all of our shareholders will share a part of the equity and sell it to Singer, so it's over?"

Zhang Yida told Sun Zhengyi about Singer's ideas, including the acquisition of shares in the form of loans, interest rates, and loan terms.

In fact, Zhang Yida came in a hurry and did not hold any board meeting.

Telling Singer that it was the board's idea was just a pretense.

Once Singer's side is settled, it will be enough to add another board of directors. It's a very simple matter.

As soon as Sun Zhengyi heard that the shares were obtained in the form of loans, Sun Zhengyi retreated in his heart.

He even dared to borrow money from oil tycoons for venture capital investment, so he naturally felt that the rate of return on venture capital investment could cover the loan interest.

Let him do it the other way around now, it definitely won't work!

"Mr. Zhang, how about this, don't you personally hold nearly 50% of Ruixiang's shares? You can sell 20% of the shares to Singer."

Zhang Yida secretly scolded the old fox, if he thought it was a good deal, he would have done it long ago, and there is no need to call you.

"The situation is a bit complicated. After Ruixiang lent Singer 20% of the shares, our shareholding dropped to 30%. If there are several subsequent rounds of financing, our position as a major shareholder will be shaken."

Sun Zhengyi felt that this reason was a bit far-fetched. Couldn't you follow up with the follow-up financing?
And after the equity change, your personal direct shareholding in BBPay will be more than 20.00%.

If you sell your own shares, the 50% shares of Ruixiang will be kept, and the status of the major shareholder will not be shaken.

"How about this, Ruixiang will contribute 10% here, and Mr. Zhang will contribute 10% to your personal shareholding platform, won't this be enough for 20%?
Or you can ask other shareholders, is there anyone who is willing to withdraw? "

Zhang Yida couldn't understand Sun Zhengyi's practice of clinging to BBPay's equity.

But if you think about it carefully, it is not difficult to understand.

The Indian market is so big that there are too many winners. Just like the Chinese market, there are either two giants or three left in a track.

Sun Zhengyi wants to take all the dividends of the two major Internet markets in China and India.

Alas, being rich is such capriciousness.

Seeing that Zhang Yida could not persuade Sun Zhengyi, the other party was indeed unwilling to sell the shares.

Simply held a remote video conference in BBPay's office.

Even Zhang Yida is not very clear about the number of Ruixiang's investment institutions.

Because in addition to accepting venture capital, many small shareholders will also be included in external equity mergers and acquisitions.

Although the shareholding ratio is very low, it does not even account for a single point, not even 0.1 point.

But Ruixiang's current valuation of 2200 billion US dollars, 0.1 point is 2.2 million US dollars.

That is to say, Zoom video can support up to 500 people to hold remote video conferences at the same time, otherwise it really cannot accommodate more than 100 shareholders.

Zhang Yida sat in the office and discussed with more than 100 institutional shareholders about the change of BBPay's equity.

Singer did not attend the meeting out of suspicion.

After clarifying Singer's conditions, Zhang Yida said indifferently: "Anyway, the condition is such a condition, either sharply contribute 10%, and the shareholders who penetrate the equity will make up another 10%, or the shareholders who directly hold the shares will actively sell the shares." , and the rest are made up from sharp to sharp."

"Is it necessary to give Singer 20% equity?" Shen Beipeng asked.

Zhang Yida nodded, "It looks like his shareholding is higher than Sharma's, and he is an extremely authentic Indian company."

"Hey, Mr. Zhang, it would be great if you were an American. Have you considered emigrating?" Robert said with a hint of sarcasm.

"There is no idea of ​​immigration. China is the largest and most stable market for Ruixiang. I love my motherland deeply."

Zhang Yida's answers were impeccable. The more than 100 shareholders present also answered questions carefully. It is hard to say that there will be no leaks.

"Mr. Zhang, after the share penetration, you personally directly hold more than 20% of BBPay's shares, why don't you pay a little more?"

Zhang Yida looked at the shareholder, a middle-aged man, who couldn't remember who was involved.

He directly yelled at him: "Equity trading is free and fair, and I don't need you to make decisions for me."

That person was probably a small shareholder from Lilith and Xiaohongshu who had joined Ruixiang from the merged company. Zhang Yida yelled at him, his face was not very good-looking, and he felt ashamed, but he didn't say anything else.

In the circle, only the strong have the right to speak. There is nothing wrong with what he said just now, but he should not say it.

Other institutional investors expressed their views one after another. Most of them did not take the initiative to sell their shares and chose to apportion them proportionally.

Some minority shareholders were eager to try, but the total number did not add up to 2%, and they were directly rejected by Zhang Yida.

In the end, Zhang Yida's plan was still followed: Rui shared the task of selling 20% ​​of the equity to all shareholders.

It is equivalent to a group of shareholders multiplying their shareholding ratio in Ruixiang by 0.8, which is the shareholding ratio of each other in BBPay.

It's just that half of the shares are mixed in Sharp, a large holding platform, and the other half is directly held by each investment institution.

Doing so is equivalent to reducing the Chinese capital component of BBPay to 40%. Zhang Yida also considers further reducing the shareholding in the follow-up financing, keeping it at around 30%.

As for foreign giants such as Temasek, Goldman Sachs, Morgan Stanley, UBS, and Abu Dhabi Investment Authority, they will directly appear on the list of shareholders of BBPay.

More than 100 institutional investment shareholders with a luxurious lineup are enough to remove the suspicion of Chinese capital from BBPay. By the way, let’s increase the weight of BBPay in the hearts of the Indian authorities.

(End of this chapter)