My 1999

A person who has worked in a bank for many years and has successfully started a business is undoubtedly a shrewd businessman.

Facing my cousin who came to borrow money.

According to normal thinking, even if you help, you will only be given a hundred or eighty thousand at most to deal with it.

After all, it's a 'show', not a relationship.

No blood relationship.

Moreover, Lao Wang is still a person with no entrepreneurial experience, so the probability of failure is very high.

But Lao Wang’s ‘succubus’ attribute blossomed.

After a lot of preaching, Lu Xiangyang decided to use his family wealth, a total of 2.5 million, to accompany his cousin to be brave.

In 1995, what was the concept of 2.5 million?

The average salary at that time was only 200 yuan.

A pound of pork is only two yuan, and a gram of gold is only 140.

In other words, 2.5 million is equivalent to 100 million thirty years later.

Just talk empty talk and ask others to give you 100 million to start a business for you. Even your biological father will have to investigate carefully.

Of course, some people say that VC is an exception.

But what VCs spend is not their own money, it is money raised from others.

I don't feel bad for my son.

Seeing this, Xu Liang was impressed.

What he admired was not only that Lao Wang managed to deal with his wealthy cousin, but more importantly, that he could actually defeat his wealthy cousin's wife?

How much power does it take to get a woman to pay, even a huge sum of 2.5 million?

Xu Liang put himself in his shoes and thought that he himself was not capable of this.

After attracting investors, Lao Wang’s entrepreneurial dream came to fruition.

On February 10, 1995, a company called BYAT Industrial was registered and established in Pengcheng City Industrial and Commercial Bureau.

The company is a limited liability company with a registered capital of 4.5 million yuan when established.

All shareholders contribute cash.

But BYD's major shareholder is not his cousin, but a big guy called Pengcheng Metallurgical and Mining United Company.

It invested 2.9 million yuan with its own funds, accounting for 64.40% of the registered capital, and is also the controlling shareholder.

This big BOSS is jointly founded by many mining companies such as Anshan Iron and Steel Mining, Panzhi/Hua Metallurgy, Liaoning Coal Mine, Jinling Baiyunshan Mine, Baotou Iron and Steel, Xiang/Tan Manganese Mine and other mining companies.

Tsk tsk, Lao Wang’s ability to attract investment is really not impressive.

Such giants can be pulled over.

Cattle fork.

Next, Yangcheng Tianxin Technology and Trade Industrial Co., Ltd. invested 1.4 million yuan with its own funds, accounting for 31.1% of the registered capital, and is the second owner.

Pengcheng Lidas Trading Co., Ltd. invested 200,000 yuan with its own funds, accounting for 4.5% of the registered capital, and is the third junior brother.

Someone may ask, where is Lao Wang?

This is the time to take a detailed look at the company 'Yangcheng Tianxin Science and Trade Industry'.

It has five shareholders.

'Big cousin' Lu Xiangyang and 'generous cousin' Zhang Changhong invested a total of 2.5 million yuan, accounting for 83.34% of the shares. Wang Chuanfu invested 300,000 yuan, accounting for 10% of the shares; Wang Yu and Lu Shouguo each invested 100,000 yuan, each accounting for 10% of the shares. 3.33%.

In other words, this 'Yangcheng Tianxin Technology and Trade Industrial' company is actually an investment company jointly established by two relatives, Lu and Wang.

Remember, I have to take the test next.

In 1997, Pengcheng Metallurgical and Mining United Company, based on its own business development and adjustment needs, intended to withdraw from BYAT Industrial.

This joint company invested 2.9 million yuan, but was finally transferred to Yangcheng Rongjie Company, Wang Chuanfu and Xia Zuoquan for 3.02 million yuan.

Among them, Yangcheng Rongjie received 34% of the equity, Wang Chuanfu received 20% of the equity, and Xia Zuoquan received 10% of the equity.

Lu Xiangyang and his wife are the actual shareholders of Yangcheng Rongjie.

In other words, the "Big Cousin" couple jumped out of Yangcheng Tianxin Technology and Trade and held shares in BYAT themselves.

As for Xia Zuoquan, he is a new investor and one of Wang Chuanfu’s earliest angel investors.

And he was firmly optimistic about Lao Wang and never gave up. After BYD reached the top, he also gained a net worth of tens of billions.

That sentence is accurate.

Choice outweighs effort.

Since then, Yangcheng Rongjie, Yangcheng Tianxin Technology and Trade, and Pengcheng Lidas Trading, Wang Chuanfu and Xia Zuoquan have become the actual shareholders of BYD Industrial.

Holding 34%, 31.1%, 20% and 10% respectively.

Since the major shareholders of Pengcheng Lidas Trading are the ‘Big Cousin’ couple, the actual controller of BYD at this time is the Big Cousin.

And it occupies nearly 70% of the equity, completely replacing the original 'Pengcheng Metallurgical and Mining United Company'.

Seeing this, Xu Liang had to sigh.

Man's destiny is predestined.

Pengcheng Metallurgy is also unlucky.

Jin Yuanbao fell into his arms and he couldn't catch it.

Look at Lao Xia, he dug a big hole with a shovel.

In order to expand the research and development and production of nickel batteries and lithium batteries and supplement BYAT's liquidity.

BYAT shareholders decided to increase their capital.

It increased from 4.5 million at the beginning to 30 million.

Among them, Yangcheng Rongjie increased its capital by RMB 18.1 million, accounting for 60.33% of the shares;

Lao Wang increased his capital by RMB 7.3 million, accounting for 24.33% of the shares;

Xia Zuo fully increased his capital by 3 million, but still maintained his 10% equity;

Yangcheng Tianxin Technology and Trade Industry increased its capital by RMB 1.4 million, diluting its equity to 4.67%.

Pengcheng Lidas Trading Co., Ltd. increased its capital by RMB 200,000, diluting its equity to 0.67%.

By 1999, Yangcheng Rongjie and Yangcheng Tianxin Technology and Trade Industrial Co., Ltd., based on their own business positioning considerations, also considered Lao Wang's contribution to BYAT Industrial.

Rongjie decided to transfer its 10.33% stake in BYD Industry to Lao Wang at a price of 4.85 million yuan.

Yangcheng Tianxin Technology and Trade also decided to transfer its 4.67% stake to Lao Wang at a price of 2.163 million yuan.

It should be emphasized here that Yangcheng Tianxin Technology and Trade, which transferred all its shares, officially withdrew from the list of BYD shareholders.

Of the three giants when the company was founded, only Pengcheng Lidas remained.

The eldest cousin wanted to sell his BYD shares to his cousin.

But after all the money in his hand was used to increase the capital of BYD, Lao Wang is now so poor that he has to live on his pants.

Where is the money to buy shares?

What to do?

The eldest cousin patted his chest and was full of pride.

"It doesn't matter if you don't have it, I'll lend it to you first."

The eldest cousin said so and did so.

In other words, Lv Xiangyang, the major shareholder of BYD, paid for the BYD shares to his cousin Wang Chuanfu.

Seeing this, Xu Liang could only say.

Give me a dozen of such cousins.

But what he admired more was Zhang Changhong.

Her husband gave her money and shares, but she didn't make a fuss?

She was a smart person.

But.

This was not the end.

Pengcheng Lidas Trading Co., Ltd. reached a verbal agreement with Lao Wang in 1999.

It was agreed that Pengcheng Lidas Trading Co., Ltd. would transfer all its shares in BYD Industrial and the possible income generated by the shares to Wang Chuanfu.

Liu Jun and Li Jinrong, shareholders of Lidas Trading, decided to give Wang Chuanfu 466,700 shares of BYD after the capital increase.

This operation was very confusing.

Lao Lu was still his eldest cousin after all, and the two sides were relatives.

These two were friends at best.

If there was no private transaction, Lao Wang's charm would be off the charts if he gave money for no reason.

What is this?

Modern Song Gongming?

Or Pengcheng's 'Uncle Liu'?

You should know that BYD had a revenue of more than 800 million at that time, and its valuation exceeded 100 million.

Alas, I can't figure it out.

However, this is not the end.

In 2001, Lidas Trading went bankrupt and liquidated, and eventually transferred its 0.2% stake in BYD Industrial to Wang Chuanfu at a price of 200,000 yuan.

200,000!

Important things should be said three times.

At this time, BYD's revenue had exceeded 1.2 billion, and its valuation was definitely more than 100 million Chinese yuan.

0.2% of the shares sold for 200,000, which was a bargain price.

Old Wang made a fortune.

After the transfer, BYD's actual equity structure became Yangcheng Rongjie, Wang Chuanfu and Xia Zuoquan.

The three parties held 50%, 40% and 10% of BYD's equity respectively.

BYD was ready to go public in 2002.

In order to lock in the company's core employees, Yangcheng Rongjie transferred its approximately 23.55% stake in BYD Industrial to 38 core employees including Wang Chuanfu at a price of 1 yuan per share. These were all original shares.

After the transfer was completed, Wang Chuanfu became the largest shareholder with 38.505%.

Lv Xiangyang became the second largest shareholder with 16.142%, Yangcheng Rongjie was the third largest shareholder with 11.487%, Xia Zuoquan was the fourth largest shareholder with 8.433%, and the management shareholders held 22.622%.

How to say it.

One word.

Awesome!

Two words.

Awesome!

Five words.

Really awesome!

Lao Wang is as charming as a demon, and he is popular with both men and women!

Generally, companies set up option pools to reward core employees, and the company's major shareholders share the profits equally.

As a result, the largest shareholder took all the shares in the option pool.

Lao Lu and his wife said to Lao Wang, "This is not a cousin, this is a biological son."

No.

Even a biological son would not be so generous.

It's amazing.

After completing the internal equity distribution, BYD was listed in Hong Kong in 2002.

It issued 149.5 million shares with a par value of 1 Chinese Yuan per share to overseas investors.

As a technology stock, BYD is quite popular in the Hong Kong stock market, so it issued an additional 19.5 million shares.

The stock name is "BYT Shares", the code is "01211", the issue price is HK$10.95/share, the fundraising is HK$1.741 billion, and the market value is HK$5.7 billion.

After listing, BYT's total share capital is 539.5 million shares, of which the sponsor holds 380.5 million shares, accounting for 70.53% of the total share capital, and overseas investors hold 159 million shares, accounting for 29.47% of the total share capital.

At this time, Lao Wang still holds 26.95% of BYT's shares.

He is still BYT's largest individual shareholder.

BYT has developed very quickly, and by 2003, its market value has exceeded HK$10 billion.

But at this time, Lao Wang announced that we are going to build cars.

The feedback from shareholders and investment institutions on this news is very real and direct.

What do you know about building cars when you are a stinky battery maker?

Are you playing?

We won't accompany you.

BYT's stock price collapsed directly after Lao Wang spent 200 million to acquire 77% of Qinchuan Automobile's shares.

Overnight, the market value dropped from a billion-dollar giant at its peak to HK$7.54 billion, a one-fifth loss.

Overwhelming opposition filled BYD.

Not only shareholders opposed, but even the company's people didn't understand why Lao Wang didn't make good batteries and had to take risks with cars?

Although the resistance was huge.

But Lao Wang was a man who shit in the toilet with his face facing outward.

Nine bulls can’t pull back the decision.

Under his strong decision, BYD entered the automobile manufacturing field.

At this time, the private equity fund under Hanhua acquired BYD’s equity.

From 2003 to now, Qinglong No. 9 Fund and Xuanwu Hong Kong Fund have held a total of 14.98% of BYD’s equity.

Occupied half of BYD’s outstanding shares.