Reborn in 1991, helping dad become the richest man

Chapter 194 Billionaire, the shock is too great!

It is now June, and a lot of capital has been gathering in Chuzhou for more than half a month.

In the past half month, Tang Xionghua has contacted each capital at least twice.

The capital's bids are getting higher and higher.

The highest has reached 310 million.

In fact, capital has also been in private contact over the past half month.

Because Tang Xionghua told them clearly that he hopes to cooperate with big capital, even if it is just a follow-up investment, he hopes it will be big capital, not just you alone, leading a bunch of small capitals to cooperate.

So I hope that all of you here, the big investors, can discuss this among yourselves.

By this time, the capital had indeed completed the integration, and the offer of 310 million yuan was a joint offer from Carlyle and IDG3I.

Goldman Sachs, Walden and Sequoia jointly offered 290 million.

These six capitals are divided into two factions. The other capitals from Hong Kong have basically been persuaded to withdraw. The only one left is the wealthy second son of the richest man, Li.

He received 4 billion from his father last year and hasn't spent any of it yet.

However, Tang Xionghua would definitely not choose him, even if his bid was the highest.

After all, he is the second generation and his father is the richest man, but his father will not give him all his connections to help Wanhua.

So he was actually excluded, and Tang Xionghua even told him so, but he just didn't give up and stayed here.

But on the afternoon of June 1st, he had no choice but to leave.

Because Tang Xionghua announced that afternoon that Wanhua had already identified its cooperation partner.

3i led the investment with 124 million US dollars, followed by Carlyle and IDG, which invested 93 million US dollars respectively, and acquired 10% of Wanhua's shares.

Among them, 3i took 4%, Carlyle and 1DG took 3% respectively.

However, this is on the surface.

Secretly, IDG used 62 million MiF to acquire the 2% equity privately transferred by Jiang Wanmeng and others at a valuation of 3.1 billion MiF.

In other words, the biggest winner of this venture capital investment is actually IDG, which holds a 5% stake in Wanhua.

This is a bit inconsistent with Tang Xionghua's original intention, but he came prepared and has a lot of money!

What can Tang Xionghua do?

Fortunately, Tang Xionghua also achieved his goal.

3i is one of the largest private equity investment banks in Europe.

Historically, they would not enter the mainland and start investing until 2003, nine years later, but now they are ahead.

It was only because Tang Xionghua's name spread from China to Hong Kong, and the overall situation after the VCD patent application was really touching.

With its addition, VCD's entry into Europe will be much smoother.

Needless to say, IDG is an old partner.

As for Carlyle, the famous President's Club, since the retired Secretary of Defense of the Eagle Empire joined in 1989, almost all retired senior officials of the Eagle Empire have cooperated with them in recent years.

After Tang Yichen learned about this kind of company, he was actually a little reluctant to cooperate. But there was nothing he could do!

They came together on their own.

Given the situation, Wanhua cannot openly offend others.

Because he has offended someone openly, the probability of VCD being hindered when traveling abroad in the future will be greatly doubled.

What's more, this is actually the only capital available now.

What if we don’t choose him?

Give up 310 million and choose Goldman Sachs' group, or simply choose the son of the richest man Li.

That's even more nonsense. Wanhua needs these things now, especially what Carlyle and 3i represent. Wanhua needs them even more.

So I can only hold my nose and suppress my inner emotions.

After all, developing Wanhua is the most important thing.

That day, Tang Xionghua did not return home until after ten o'clock in the evening.

Financing contracts are not just about agreeing on the money; more details of the cooperation need to be discussed in the contract.

However, by now, not only has the deal been negotiated, but the contract has also been signed.

This also means that although Tang Xionghua is still the largest shareholder, his shares have fallen from 51% to 45.9%.

In addition, Jiang Wanmeng's shares were diluted to 34.1.

But Jiang Wanmeng also became rich overnight.

Individuals cashed out 31 million MiGold.

In other words, it’s more than 260 million.

The other people in the R&D department were also smiling because they also shared 31 million MiGold.

This was in 1994!

The least they sold was 0.1 percent.

It is equivalent to 3.1 million MiGold and more than 20 million RBM.

Get rich overnight and instantly reach the top of the pyramid.

Of course, the most important thing is Wanhua Company.

This time, he won 310 million meters of gold.

Converted into RBM, it is over 2.6 billion.

If all this money were taken out and piled up together, I'm afraid it would be enough to build a tall building made of money.

Of course, Tang Xionghua does not plan to exchange all of this money for RBM.

They only plan to exchange 1.1 billion, of which 1 billion will be used to expand production capacity and 100 million will be left as research and development reserves.

The remaining money will be used to develop overseas business.

For example, hiring celebrities to advertise and renting stores in foreign countries.

3

Overseas, Wanhua currently cannot follow the same e-commerce model as in China, even though these countries have the same postal service as the post office.

However, the national conditions are different. 3i, IDG and even Carlyle, which only hold a small stake, will not help much in doing this.

So we could only open a physical store and export VCDs.

As for why we don't build factories overseas

Xiong Xiaoge and others did make such a suggestion.

However, Tang Xionghua dispelled their idea by saying that labor and other costs for flower growers were now cheap.

It is true that tariffs must be paid when exporting from the domestic market, but compared with these costs, it is undoubtedly more appropriate for flower growers to build a factory now.

Even if Wanhua's current employees receive a basic salary of 500 yuan per month, plus various benefits, the total salary for each employee is more than 800 yuan per month.

It is an absolutely high salary in Chuzhou and even in the country.

But in the eyes of Xiong Xiaoge and others, this is extremely cheap labor.

……

On the second day, Tang Xionghua became popular again.

Because the news of Wanhua’s successful financing yesterday was reported in the news and newspapers.

In the outside world, no one knows how much shares Tang Xionghua owns in Wanhua.

But no matter how many shares it has, the amount of financing Wanhua has successfully raised still catches everyone's attention.

Three hundred and one hundred million dollars in gold.

With so much money, he only got 10% of Wanhua's shares. How many shares does Tang Xionghua still have?

He is the boss, so he must have a lot of shares, right?

Forty percent is more than 10 billion.

Does Tang Xionghua have so many shares?

Although the public does not have data, they all agree that there is.

What does this mean?

This means that Tang Xionghua’s net worth is over 10 billion!

Billionaire!

In 1994, when millionaires were the most powerful people, now there is a person with a net worth of over 10 billion.

The general public said they were greatly shocked.