Rebirth of the World’s Richest Man

The total inspection time was two and a half days, and we visited two factories, two production bases, and two milk factories cooperated by Mengniu.

In such a short period of time, it is impossible to see too many substantive things. Basically, they are arranged by the Bulls and want to be displayed.

However, before this kind of investment inspection, the four investment companies have already arranged personnel to come over and do the evaluation and due diligence. The four words "assessment" and "due adjustment" individually take out any of these two tasks. It takes several pages to print out the work requirements that need to be done.

Not to mention the work that needs to be done.

For example, the types of due diligence include four categories: legal due diligence, financial due diligence, business due diligence, and other due diligence. Then know the details of the actual controller of the counterparty and the management team, product or service category and market competitiveness, operating data and financial data collection, especially the financial status, operating results, cash flow and vertical and horizontal comparisons reflected in the financial statements. and so on.

Needless to say, the assessment of financial benefits includes cash input: total investment during the construction period; production costs and expenses; income and profits of taxation production costs and expense items, as well as static index assessment and so on.

Such a large amount of investment cannot be decided with a single sentence. It is because some people have done a lot of work in the early stage. When Jiang Xiaobai and the others came over, it was actually a formality.

Jiang Xiaobai knows this very well, and he will not force it. He has to look carefully. The company is getting stronger and stronger. company development.

But even if it was just a cutscene, Zhang Weiyi watched it with relish, seeing the leopard in the tube, seeing the whole leopard at a glance, he could see something more or less, and from the fierce bull, he could also see something on Yili's side.

Now I can't go to see Yili blatantly, I can only get something from the bull.

So three days later, when Jiang Xiaobai and others were sitting in the conference room and wanted to discuss the formal investment with Mengniu, Zhang Weiyi and Niu Sheng proposed to visit other production bases and milk factories.

Niu Sheng looked at Zhang Weiyi with some embarrassment, thinking that Zhang Weiyi hadn't enjoyed the two-day visit to the fullest, after all, this visit was really just a quick tour, and he wasn't optimistic.

But this is something I know very well. The preliminary work has been done, so there is nothing to worry about.

Niu Sheng thought that Zhang Weiyi said this because he wanted to delay the negotiation, so he looked at Jiang Xiaobai with some embarrassment.

Jiang Xiaobai smiled and said: "Mr. Niu, in this case, you can just arrange two people to accompany Mr. Zhang. Our normal negotiations will not be affected."

With Jiang Xiaobai's explanation, Niu Sheng felt relieved, and arranged for a vice president in charge of production to accompany Zhang Weiyi with a delegation to inspect various factories.

And Jiang Xiaobai himself took Hu Jinshan and others and people from three other investment companies, sat down with Niu Sheng and others from Mengniu in the conference room, and began to talk about this cooperation.

Mr. Niu first introduced the general agreement before, that is, the four investment companies will provide 60 million US dollars of capital to Dagniu to invest in Dagniu.

There are requirements for the compound growth rate of earnings per share of Bulldog, and the term of the VAM agreement is three years.

"Jiang Dong, and Mr. Wu, all investors, our negotiation today is based on this general framework to further negotiate.

Regarding these terms, let’s talk about them one by one in detail. "

As Niu Sheng said, Jiang Xiaobai had no objections at all, and the negotiation officially started.

Regarding the amount of 60 million U.S. dollars, both parties have no objection, but Niu Sheng definitely wants a little less in terms of the compound growth rate of the Bulls' earnings per share per year.

The annual EPS compound growth rate is not less than 50%, which is too harsh. What Niu Sheng meant was to set the growth rate at 30%.

In this case, the Bulls can still breathe.

But Niu Sheng also knew in his heart that he needed money, even if he knew capital money was poison coated in sugar, he still had to swallow it.

This negotiation was not evenly matched from the very beginning, and he did not have enough advantages to negotiate with these capitals, so this time he was ready to fully accept the conditions proposed by the capital.

Now it's just a final struggle.

Sure enough, after Niu Sheng finished speaking, Wu Zhi immediately vetoed Niu Sheng's condition, and emphasized that the compound annual growth rate of earnings per share should not be less than 50%. able to change.

In the end, he gave a lot of reasons and so on.

Then there is Actis Investment, which also has a very tough attitude. Capital is profit-seeking. In terms of money, this is the condition.

Morgan Stanley is similar, but the attitude is a little softer, but it means one thing, that is, insisting that the compound growth rate of earnings should not be less than 50%.

After the three investment companies finished expressing their opinions, only Huaqing Investment Company was left. Everyone looked over, and of course the first thing they looked at was Jiang Xiaobai.

But Jiang Xiaobai kept his mouth shut, apparently letting Hu Jinshan speak, so everyone's eyes turned to Hu Jinshan again, and Hu Jinshan felt awkward for a while facing everyone's eyes.

This Jiang Xiaobai didn't speak, and everyone couldn't figure out what Jiang Xiaobai meant, thinking that he and the other three investment companies were all in the same breath.

But Hu Jinshan knew that Jiang Xiaobai didn't mean that. When reporting this matter before, Jiang Xiaobai's first thought was to kick out the other three investment companies, and then invest by himself.

After several times of persuasion by himself, Jiang Xiaobai finally gave up on this dangerous idea, but Jiang Xiaobai still wanted to kick out one or two investment companies, and still felt that the share of this investment was a bit small, and such a small amount of money could not use so much investment Companies are crowded together.

I have said all the good things to Jiang Dong, and Jiang Dong didn't say anything more, but he is still not satisfied with the conditions put forward by the three investment companies. He thinks that there is no need to set such investment conditions at all, and he will give money if he is willing. alright.