Chapter 303
Zheng Suxin hopes that Dashang Capital will open up a 10% gap in stock expansion and capital increase. This requirement cannot be considered high. After all, the management company needs to continuously expand capital, so as to ensure that the ratio of the management company's own capital to the raised capital is in line with the requirements of national financial supervision. On the other hand, Zheng Cong's dissatisfaction with Dashang Capital and Xinchaorui Real Estate in the future; at least it will make Zheng Cong unable to publicly express his dissatisfaction.
However, once this gap is opened, it means that the Zheng family will actually become the largest shareholder of Dashang Capital.
As for Xinrui City project company, this time, Xinchaorui Real Estate and Xinchaorui Commercial may only be able to obtain 500 million yuan of funds, and the other 2.5 billion yuan of huge funds will be raised through Dashang Capital, which means that after Xinrui City's capital increase and share expansion, Dashang Capital will hold 58.5% of Xinrui City through the No. 3 and No. 4 funds.
This 10% investment gap actually determines the change in the discourse power structure of the Xinchaorui system.
"To cross the limitations of the region, Dashang Capital needs investors like Mr. Zheng to join the partner team. Mr. Zheng's conditions are not too high. Lao Qian, as the largest shareholder of Dashang Capital and the chairman of Dashang Capital, what do you think?" Chen Li threw the problem to Qian Wanli first.
Qian Wanli is also an old man. He knows very well what the 10% expansion and capital increase gap means. He pondered for a while and said: "Mr. Zheng is optimistic about Dashang's real estate and the development model of industrial capital. I am very happy and welcome it. In addition, Dashang Capital has developed to this point, and the previous equity structure needs to be sorted out. Mr. Zheng's participation this time is just an opportunity."
"Old Qian, how do you want to sort it out?" Chen Li asked.
"In addition to directly holding shares, I also hold shares in Dashang Capital through Xinchaorui Real Estate, which is a bit complicated," Qian Wanli touched his big head with a shiny stirrup and said with a smile, "I like straightforward things, I just wonder if this is the case. Taking advantage of Mr. Zheng's investment this time, the shares I personally hold in Dashang Capital can be directly acquired by Xinchaorui Real Estate."
After Qian Wanli said this, Zheng Suxin and Zheng Wenyuan were slightly moved.
This time Zheng Suxin invested, the equity under Zheng Wenyuan's name would be diluted, but the equity of their aunt and nephew, combined, would reach about 35%. Qian Wanli did not refuse and expressed his welcome, but Qian Wanli sold his direct shareholding under his personal name to Xinchaorui Real Estate. In addition to Zhou Dahai and Zhou Bin and his son, which were diluted to 4%, Xinchaorui Real Estate will hold 66% of Dashang Capital's equity.
Qian Wanli's intention to make such a suggestion is actually to give up his personal right to speak over Dashang Capital to ensure the absolute control of Xinchaorui Real Estate over Dashang Capital; with such an equity structure, Dashang Capital can continue to introduce new strategic partners in the future.
Also because Chen Li holds the controlling stake in Xinchaorui Real Estate, this means that Qian Wanli decided to give up his independence at this moment and completely tied himself to Chen Li's chariot.
From the perspective of strategic investors, Zheng Suxin hopes that Dashang Capital's equity can be diversified.
In other cases, as a strategic investor, she would definitely object, because the more average and dispersed the shares held by others, she would highlight her and Zheng Wenyuan's right to speak.
Her request to open a 10% capital injection gap was also calculated in advance. Therefore, Xinchaorui Real Estate's holdings in Dashang will drop to 45%, Zhou Dahai, Zhou Bin and his son's holdings will drop to 4%, Qian Wanli's direct holdings in Dashang will drop to 16%, and her and Zheng Wenyuan's holdings in Dashang will reach 35%.
This is not because she has the ambition to compete for control of Dashang Capital. She just doesn't want Dashang Capital to be the final decision-making power of Dashang Capital to fall into the hands of one person, and it is also convenient for Dashang Capital to form a more reasonable decision-making mechanism in the future. However, Qian Wanli is willing to give up his personal right to speak and also ensure that Xinchaorui Real Estate's absolute control of Dashang Capital is actually to ensure Chen Li's absolute control of Dashang Capital, which is something Zheng Suxin had never expected before.
Zheng Suxin could not have expected that Chen Li would only be twenty-four after the Chinese New Year, and could actually make Qian Wanli, a person like who struggled to rise from the bottom, willing to bow down to his sanctions, but because of Qian Wanli's attitude, she could not refuse such equity adjustments.
"Haha, Lao Qian, you are so worry-free." Hu Guoming laughed.
Everyone has no objection to the new adjustment of Dashang equity proposed by Qian Wanli. The matter of Dashang Capital's capital increase and share expansion was determined. The investment company where Zheng Suxin is located will receive an additional 50 million yuan in Dashang Capital Management Co., Ltd. in exchange for 10% of the shares. After He Wan returns to Shangdu, she can officially sign the capital increase and share expansion agreement.
Chen Li was still thinking that Zheng Suxin could enter the board of directors of Dashang Capital. Zheng Suxin smiled and said, "I am used to being lazy. The investment company pushed me to the position of chairman, but I couldn't even push it away. I definitely couldn't come over and serve as a director anymore. If there is anything here and what decisions are made, Wen Yuan told me later."
Chen Li nodded and said to Zheng Suxin: "Okay, Mr. Zheng has come from afar and can stay in Shangdu for two more days. Tomorrow or the day after tomorrow, go to Qingquan and take a look..."
"Qingquan is going to see it," the focus of this project investment is completely on Qingquan. Zheng Suxin naturally wants to see it, and then he went to see it. Hu Guoming smiled, "Mr. Qian, Mr. Hu, Mr. Chen are all busy. I won't have to accompany me tomorrow or the day after tomorrow. I will come here this time and focus on relaxing. Things are almost settled. Then let Wenyuan accompany me to relax tomorrow or the day after tomorrow."
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Everyone sent Zheng Suxin to the hotel together. Zheng Wenyuan also wanted to talk to his second aunt. The aunt and nephew had something to say. When leaving the hotel, Chen Li got into Qian Wanli's car and said, "I thought about it. Xinchaorui Real Estate can add a portion of the shares and acquire the Dashang Capital shares in your hands."
"No need, Xinchaorui Real Estate can just purchase Dashang shares in my hand in cash," Qian Wanli said. "On the one hand, it leaves some space for introducing new strategic investors at Xinchaorui Real Estate. On the other hand, I have followed Gao Can and had a lot of contact with the startup team during this period. I also feel that when I come to this, I should have some responsibility to support those small and medium-sized enterprises that are not easy to start a business. The cash can increase the scale of the Zhongda Guanlan Venture Capital Fund..."
"It's good that this is the investment area that Xinchaorui has achieved this step and needs to strengthen in the future." Chen Li nodded and said.
At present, the 700 acres of construction land in Qingquan under Chen Li's personal name has been acquired by Xinruicheng Project Company for 200 million yuan. Chen Li also transferred all of these 200 million yuan to Zhongda Guanlan Venture Capital Fund. With Qian Wanli's investment this time, Zhongda Guanlan Venture Capital Fund will increase to 600 million yuan, which can increase investment in some start-ups with broader market and technological prospects and more mature teams.
When he got home, Chen Li called his aunt Shen Jianhong again.
They arranged for Zheng Suxin to go to Qingquan for on-site inspection tomorrow after tomorrow, but Zheng Suxin didn't need him. Qian Wanli and Hu Guoming were accompanying him, so naturally he had no intention of contacting Meng Xuede, Zhang Haoran and others, and they thought about going to Qingquan to relax. The itinerary could not be too formal. Chen Li could only ask his aunt Shen Jianhong to help arrange it, hoping to receive Zheng Suxin so that he could raise more funds from Beijing.
Chen Li predicts that with the continued rise of the coal industry, Qingquan's coal capital will explode, but after all, it was still in the early stage of the outbreak and there was not enough capital accumulation.
Shen Jianhong naturally agreed and asked Chen Li to rest assured that everything would be arranged in Qingquan.
The next day, Chen Li raised money to Wanli, Hu Guoming, Zhou Bin and others went to the company to hold a one-day meeting, convened all the middle-level managers to make the final mobilization for the launch of the Qingquan Xinrui City project and make some personnel arrangements.
Almost in the evening, my aunt Shen Jianhong called and said that Zheng Suxin visited Qingfeng Mountain and Qingquan Xinchaorui City Square. He had been away for a day in Jinjiang County. He would go and visit the old man by the way. Dinner was also arranged for the old man.
In this way, Chen Li could not be lazy and asked the driver to drive him back to Qingquan.
When he rushed to his grandfather's house, Chen Li saw his sister-in-law Zhao Lingshan playing in the yard with the toddler. His mother Shen Jianping and his aunt Shen Jianhong were chatting with the old man in the living room.
His father had surgery in the hospital and couldn't take it off. His brother Chen Bing was accompanying Zheng Wenyuan to smoke and chat in the backyard.
"Auntie, you are relaxing with Mr. Zheng. Why did you bring Mr. Zheng to the house?" Chen Li walked into the living room and asked with a smile, "What scenery is there in the house that Mr. Zheng can see?"
"You guys, don't be so polite. After chatting with your aunt, I realized that Bingyang and Shen Tong are classmates in the dormitory and are studying in the UK together. I have received a lot of care from you. This time I came to Qingquan and visit the old man, it's also the right thing to do!" Zheng Suxin said openly.
Chen Li smiled and said, "Since Mr. Zheng doesn't dislike going to eat at home, we have to prepare well. If we neglect Mr. Zheng and don't invest in us in the future, it will be a big trouble!"
"I said there was no negligence. Mr. Zheng came from afar to invest in you, but you pushed Mr. Zheng to your aunt. I really don't know how your business is done." Shen Jianping complained.
The old man said quietly beside him: "Mingzhu in the Zheng family's palm is an alumni and Chen Li, and Shen Tong is a classmate. Now he is studying hard in the UK again. It is a very close relationship. It is natural for Mr. Zheng to sit at home. You have to do it so formally, which makes Mr. Zheng uncomfortable."
"Haha, yes, Mr. Shen is just talking pertinently. Don't treat me as a boss. Speaking of which, Mr. Shen and Mr. Shen are about the same age and are considered old sisters. If you always treat me as an outsider, I will not be able to eat this meal." Zheng Suxin said.
When Chen Li heard Zheng Suxin and the old man chatting and laughing there, and was almost indifferent to each other, he felt very irritated. He knew that the news of his so-called relationship with Zheng Bingyang should have caused a lot of controversy in the Zheng family. Zheng Suxin's attitude was more like a woman's parents coming to see her family background than a visit to her.
Her mother Shen Jianping is honest and has no curse in her daily life. She really treats Zheng Suxin as her important investor and treats her politely, but her aunt is like the old man. She has long figured out what she has to do. She talks about family matters casually and focuses the topic on Chen Li.
After dinner, Zheng Suxin did not ask Chen Li and the others to take him away. Zheng Wenyuan had a driver followed him, so they took the bus back to Shangdu. They made an appointment to invite Shen Jianhong and Shen Jianping to Beijing to play before the end of the year. She was responsible for the reception in Beijing.
Shen Jianping held her grandson Chen Zheng in her arms and stood in the yard and sighed to Shen Jianhong: "The people who came from Beijing are different. They are over fifty years old and are still so young. No, now we have to pay attention to maintenance - we have no airs at all. We talk about everything when we first meet."
"Haha, you didn't even see it at all?" Shen Jianhong asked Shen Jianping with a smile.
Before Shen Jianping could recover for a while, she asked, "What did you see?"
"It's better to say that people like Chen Li's company than to say that they like Chen Li's people," Shen Jianhong said whispering to the old man, "Their niece is a classmate of Shen Tong. He has seen her father. Not to mention her family background, her appearance and personality make you unable to find fault."
Zhao Lingshan, who was standing beside him, brought her son Chen Zheng over from her mother-in-law Shen Jianping's arms, and suddenly realized, "I'm talking about it, why did she come to see her grandfather? It turns out that the drunken man is not drinking. During the Chinese New Year, mom, have you seen Mr. Zheng's niece? He just came to Qingquan with Shen Tong. Do you remember?"
"Oh, you've seen it a long time ago, why don't you say it?" Shen Jianping tried hard to recall Zheng Bingyang's little appearance, and blamed Shen Jianhong for not telling her if she saw it.
"..." Chen Li listened to his mother, aunt and his sister-in-law chatting in the yard, and complained with a big head, "I asked, can you think about something serious and not just think about good things here? They are just polite and don't show off their airs. Do you really think that others are coming to send their daughters to the countryside to express their condolences?"
"You little brat, you know nonsense," Shen Jianping glared at Chen Li and said, "Even if they don't have this intention, General Zheng's niece has good conditions in all aspects, so you can't take the initiative?"
"By the way, the Lin Qian you introduced to me last time, I think it's not bad now. I will give me her contact number one day."
Chen Licha's first-class ability in the topic was so a word that her mother and aunt rolled their eyes at him frequently, and she no longer had to get entangled with the topic of Zheng Bingyang.
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Before Zheng Suxin returned to Beijing, she formally signed an agreement to invest in and expand shares, and on behalf of Beijing investors, she signed and agreed to make new adjustments to the investment direction of the fourth phase of the fund.
With Zheng Suxin's full support, the fundraising plan becomes more flexible.
Even before the loan agreement with the bank was reached, Dashang Plaza cost 1.2 billion yuan, and together with the 500 million yuan raised by Zhou Dahai and his others in Qingquan, plus the 300 million yuan retained by Xinchaorui Real Estate's own account, it injected into Xinruicheng Project Company in advance, directly expanding the asset scale of Xinruicheng Project Company to 6 billion yuan.
This also means that the Qingquan Xinrui City project can be started at any time as long as it signs a contract with the Qingquan Municipal Government, it does not need to be subject to other conditions.
As of this time, Dashang Capital's shareholding in Xinrui City expanded to 55% through the third and fourth phase funds, and Xinchaorui Real Estate and Commercial Company's direct shareholding in Xinrui City was reduced to 45%.
At this moment, the scale of investable capital controlled by Dashang Capital has expanded to 4 billion, and the valuation at the management company level has increased to 500 million.
In addition to its existing reserve land, Xinchaorui Real Estate holds shares in Xinrui City project companies, Dashang Capital, and real estate brokerage companies, and its net assets are nearly 3.5 billion yuan.
Chen Li personally holds 55% of Xinchaorui Real Estate's equity, and his personal holdings in a commercial company, Jinjiang County Government, and his personal investment in Zhongda Guanlan Venture Capital Fund, his personal net worth is nearly 2.5 billion yuan.
In the first phase of Shangdong Xinrui City, as of the end of November, sales collection has reached 1.2 billion yuan. With the newly injected 800 million yuan of cash, the cash flow mastered by the Xinrui City project has expanded to 2 billion yuan.
Since the second phase of Shangdong New City is also worth 500,000 square meters, construction has started, and some short-term debts have expired. Even if the Xinrui City project company has two billion in cash, the capital market is still quite tight.
In the later stage, as long as Xinchaorui Real Estate enters a mortgage loan agreement with the bank and replaces Dashang Plaza, it will inject another 1.2 billion yuan of construction funds into Xinchaocheng project company, and Xinchaocheng project company will also leave a 1 billion yuan investment gap for the upcoming five-phase fund of Dashang Capital.
As long as this part of the funds can be in place within half a year, the valuation of Xinrui City project company will not be adjusted upward.
Speaking of this loan, Chu Huaijiang, who was transferred to the provincial bank of China Construction Bank, was also working hard.
Before Dashang Capital signed an acquisition agreement with Xinchaorui, He Wan had already contacted Chu Huaijiang about the mortgage loan of Dashang Building.
The big dealer Xinchaorui has always been personally arrested by Chu Huaijiang. Now Xinchaorui is getting bigger and bigger, and the loan scale required to open the mouth is getting bigger and bigger. However, the annual loan amount of the bank is limited, especially the construction of Shangdong New District. In all aspects, China Construction Bank occupies a large amount of funds from China Construction Bank, so that by the end of the year, the provincial bank of the China Construction Bank no longer has so much loan amount, and needs to be coordinated from the following prefecture-level branches, but this requires a process.
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At the end of November, several bigwigs of the provincial party committee supported the coordinated development of Qingquan New District and Shangdong New District. For this reason, they also held a special provincial party committee meeting to study and implement it. Even Zheng Cong also claimed to support this project. It would be useless to be the case if Zhang Wei was here to stop it. The Qingquan Municipal Standing Committee and the Municipal Party Committee expanded meeting successfully passed the construction of the Qingfeng Mountain Bridge and the preparation plan for the Northeast wing Binjiang New District.
Zhang Haoran was appointed as secretary of the Binjiang New District Management Committee and director of Zhao Shunian and others as deputy directors.
At the same time, Lin Hanxiu also held a municipal party committee meeting and adjusted the planning and construction plan of Shangdong New District. In addition to establishing a joint office with Qingquan and launching the connection construction of Shangdong Yijiang Avenue with Qingfeng Mountain Bridge, the next development focus of Shangdong New District will be placed in the Linjiang area.
At the end of November, Zhang Haoran represented the Qingquan Municipal Government, Ge Minghui represented the Shang Metropolitan Government, and Qian Wanli represented the Xinchaorui. The three delegations gathered in the Shang Metropolitan Government to sign the formal cooperation agreement.
Qingquan wants to build another bridge in Shangjiang River to promote the rapid and high-level construction of the Northeast wing Binjiang New Area, which has officially spread throughout Qingquan's streets and alleys.
Chapter completed!