Chapter 82 Equity
The accountant sent by Edward Johnson Jr. to check the accounts was all dark when he went out, and he had a premonition that a storm was about to come.
He put various copies of the transaction procedures in his bag and left in a hurry. He thought that Edward Johnson, a little boy, had earned more than 700,000 US dollars in two weeks under the guidance of a group of super traders. However, compared with the number he just saw, it was so pitiful that he couldn't make it.
What the hell is the profit rate of 87.32%?!
If it weren't for the experience telling him that the number was correct, he would have thought that the guy who bet on his boss had cheated and transferred the money into the new company as profit.
I called to inquire about the recent increase in crude oil and found that it matched the data in the financial statements. Then I realized that there was such a despicable guy who dared to use more than twelve times of leverage to bet on crude oil futures, and successfully bet on winning, making such a big sum of money!
On the way back, I thought carefully about the lady's advice just now, and thought it would be better to persuade Edward to give up directly. Otherwise, I would go to the winter swimming in this big winter and shout "I'm a pig!". My reputation will be ruined in this life, and there is no need to joke about the glory of my second half of my life...
Wall Street.
Miss Laura is making dinner. The time in Hong Kong was sixteen hours faster than in New York, and the sky in New York had just turned dark.
Suddenly I heard the sound of something breaking and asked loudly: "Grace! Are you okay?"
"It's ringing! My machine is vibrating!" the girl replied.
Laura was stunned and hurriedly turned off the gas, wiped her hands and ran out of the kitchen, excitedly said: "I'll call you to ask the hospital. Maybe your surgery has been arranged! Put on your shoes quickly and we'll set off later!"
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Compared with New York, which is snowing lightly, the temperature in Xiangjiang is so hot that it needs to be turned on.
Ye Dongqing didn't know what was happening on Wall Street. Before the phone could reach him, she slowly finished her breakfast and told Boni Ma that she also had an Internet company that was similar to Tencent's business, and finally got interested.
Mr. Ma was always on guard before because he understood what Ye Dongqing wanted to do. After several financings, there were not many shares in his hands. If someone was going to drive his founder out of the company, Boni Ma would be very passive. It would be normal to think about it like this. For the founder of the company, the number of shares and whoever is in the hands of it always involves life and death.
"Unlike ICQ, I want to start from another aspect. The developers are conducting the final test and will probably be launched in the near future."
Ye Dongqing avoided the heavy lifting, and he wiped his mouth and continued: "So compared to Wall Street people, we are more like peers. I am very optimistic about this industry. This is why I came to find you and hope to invest in Tencent.
If I guess correctly, the shares held by MIH Group have already troubled you, right? They will soon get the controlling stake, and then you, the founder, will become a person who is speechless. You should choose to find a strong helper who is willing to give up any decision-making power within 20 or 30 years and hand over all the power to your third-party investors, such as me."
He has checked the information and also read the information about roadshows. Boni Ma's wealth is concentrated in this company. Before starting his business, he was just an ordinary person. He was sure that the other party had no money to compete with the MIH Group.
In fact, Ye Dongqing has not much capital, but the other party is not clear. As long as he can successfully get 10% or 15% of the shares, it is enough to fill his appetite. It’s not that he doesn’t want to own more, but unfortunately, the funds are limited. FaceBook will burn money in the future, so there is no need to put all the chips on this company.
The problem Ye Dongqing mentioned has long become a headache for Mr. Ma. MIH Group already holds more than 40% of its shares, and even after listing and financing, it will still hold more than 30% of its shares.
The more critical problem is that even though they already hold so many shares, MIH Group continues to acquire other shares. Strictly speaking, this company has become a company of MIH Group, and only a small part belongs to him. If they didn't think they needed someone to help manage it, they might have kicked him away.
Mr. Ma put down his chopsticks and asked seriously, "You have also said that MIH Group will not sell you shares, so you can't let me sell it to you, it's even worse."
"The founder team has it, and IDG also has 7.2% shares. MIH Group rejected me, but it was not completely impossible to talk to the people at its headquarters. If it really doesn't work, can you still raise funds and dilute their shares? MIH Group has priority financing qualifications?" Ye Dongqing asked successfully brought the topic to a track that was beneficial to him.
"Well, so I don't dare to raise funds recently. Only listing is the most suitable. No one will sell it on the founding team anymore, at least they have to wait until after it goes public.
Except for me, they have sold some of them. Now they have enough money to spend, and I will not reduce their holdings at all. Recently, MIH Group is willing to acquire at a market value of 180 million US dollars, but I didn’t agree..."
When the shares of the listing are issued, the shares of Boni Ma will be diluted, but the shares of MIH Group will also be diluted, so the possibility of being controlled by MIH Group will be much smaller.
If you want to understand Tencent now, you must first understand its financing process two days ago.
In the beginning, the shares were in the hands of five founders led by Boni. In the early days of the business, IDG and Little Superman's company Yingke Digital invested a total of US$2.2 million in Tencent, each obtaining 20% of the shares.
Last June, Yingke Digital sold all 20% of its Tencent shares to MIH Group for US$12.6 million, and MIH Group subsequently acquired 12.8% of its shares from IDG.
Just this year, in June 2002, some of Tencent’s main founders sold their percentage of shares to MIH, so only Bonima and the founding team, IDG and MIH Group, hold shares in this company. IDG and those who IDG are enough to determine who the company belongs to.
IDG is the abbreviation of "American International Data Group". The company's headquarters is located in Boston, and there are several Chinese behind it. During the roadshow, Ye Dongqing saw the representative of the company. The reason why Boni Ma was interested in Ye Dongqing at this moment was mainly because he said he would give up his management rights. IDG's current CEO does not intend to do that, and interferes in decision-making at shareholder meetings many times.
The company's equity structure is very complex, especially when it comes to power struggles. One of the reasons why Ye Dongqing doesn't want FaceBook to raise funds prematurely is that he is afraid of trouble and wants the company to develop according to his own ideas.
Chapter completed!