Reborn As The Billionaire National Husband, The Boss Of Populus Euphratica!
Chapter 93: Earn A Hundred Small Goals First (6, Please Subscribe Automatically)
In fact, Wang Cong knew very well that sooner or later he would inherit Yuanda Group.
Therefore, Wang Cong had long been mentally prepared for his father to let him join the board of directors of Yuanda Group.
However, he never expected that in 2008, his father would already want to join the board of directors of Yuanda Group.
"What, you don't want to come in?"
After Wang Jianlin said that, he turned his head to look at Wang Cong and asked lightly.
"That's not true."
Wang Cong laughed, shrugged and said: "It's just a bit surprising. You haven't retired yet, why would you ask me to join the board of directors? I still have a lot of things to be busy with.
"Ha ha!"
Wang Jianlin laughed, looked at Wang Cong and said, "Boy, I gave you 500 million to practice your skills. Now you have gained confidence?"
After hearing his father's words, Wang Cong was very calm, nodded seriously and said: "You are right, I am indeed confident now, because my company can be listed on the market.
Wang Jianlin frowned and looked at Wang Cong with some confusion.
He doesn't understand.
Although Sohu Weibo is doing well, where does the son's confidence come from, and he is certain that this company will succeed.
You should know that going public is not an easy task.
Don’t say anything else.
Although the first round of financing raised 200 million U.S. dollars, the valuation of Sohu Weibo reached 1 billion U.S. dollars.
But this does not mean that Sohu Weibo will definitely be able to go public.
Over the years of ups and downs in the business world, Wang Jianlin has seen many such examples.
I just didn't expect that my son would be so confident.
"You don't believe me?"
Wang Cong looked at his father and asked with a smile.
"It's not that I don't believe you, but I think it's very difficult to achieve this."
Wang Jianlin looked at Wang Cong and said calmly: "You have to understand that going public is a very complicated process, especially for our domestic companies. Just because you have succeeded in financing once, it does not mean that you will definitely succeed in the future. . And can you guarantee that when you go public, you will still have as many shares as you do now, and you will maintain absolute control over the company?"
Wang Cong was startled.
He didn't expect that his father would be so concerned about his career.
In fact, Wang Cong also knew what Wang Jianlin meant.
As a founder, he was eventually kicked out of the company he founded. This is not black humor, but a cold reality.
And this is not an isolated phenomenon, various versions of stories of being kicked out are constantly happening.
In Wang Cong's original world, Li Guoqing and his wife had been in business together for 20 years. One was a top student at Yanda, and the other was a Wall Street executive. They were a perfect match.
But the advantage of a husband-and-wife entrepreneurial partnership is that they work together in the initial stage, but they cannot resolve the differences and conflicts accumulated in the business process in the company. Instead, they bring their emotions home, and the conflicts between the two parties intensify.
In 2016, Dangdang was privatized and delisted from the New York Stock Exchange.
When Dangdang was listed, Li Guoqing held 38.9% of the shares and his wife 4.9%. Li Guoqing was the absolute majority shareholder.
After the privatization, Li Guoqing agreed to change the shareholding ratio with his wife to 5:5. Taking into account the inheritance tax, his wife proposed that each party give half of the shares to his son, so Li Guoqing gave up half of the shares to his son, but his wife did not give up, and instead gave Li Guoqing half of the shares. The half that was given up was also held on behalf of others, and like a magic trick, the final equity distribution was that his wife held 64% of the shares and Li Guoqing held 27.5%.
All of a sudden, his wife became the controlling shareholder and Li became the minority shareholder.
Subsequently, the two parties had opposing opinions on whether to sell Dangdang to HNA. In the end, his wife sent a forced marriage letter to Li Guoqing, and the conflict between the two parties intensified.
Three years later, Li Guoqing issued a statement to leave Dangdang and start a new business.
No coincidence.
Ten years ago, Wu Changjiang co-founded NVC Lighting with two classmates, Du Gang and Hu Yonghong.
In eleven years, NVC Lighting has become the first in the country.
But then he was expelled from the palace three times and ended up in jail.
The first time: Due to differences in development concepts, the two founding partners were forced to evict. In the end, Wu Changjiang teamed up with dealers to reverse the situation. The latter highly agreed with Wu in terms of business and emotions, so the comeback was successful, and Du and Hu had to abdicate with 80 million each.
The second time: Yan Yan, the investor of SAIF Asia, was forced to evict him from the palace. Because they could not afford the 160 million to pay the two founding partners, they were forced to introduce Yan Yan, an investor from SAIF Asia. Subsequently, there were huge conflicts between the two parties in terms of employment and business philosophy. Yan Yan finally teamed up with Schneider Electric to force Wu Changjiang into the palace. However, Wu Changjiang relied on the strong support of suppliers and employees, and with the help of Dehao Runda and Wang Donglei, Wu Changjiang came to the rescue. Finally turned the situation around...
The third time: expelled by Wang Donglei, chairman of the listed company Dehao Runda.
And the last time decided Wu Changjiang's final fate.
After ending the war with Yan Yan and returning to NVC Lighting, Wu Changjiang introduced Dehao Runda controlled by Wang Donglei, who became the controlling shareholder of NVC Lighting, and Wu Changjiang also invested in Dehao Runda and became the second shareholder.
Two years later, the two turned against each other. Wang Donglei directly dismissed Wu Changjiang as chairman at the board meeting. Subsequently, the two parties complained to each other. In the end, 33 of the 38 dealers supported the removal of Wu Changjiang.
In the first two disputes, they were Wu Changjiang's most trusted brothers and comrades-in-arms.
Wu Changjiang, like Li Guoqing, was expelled because he failed to maintain his status as the largest shareholder.
This is also what worries Wang Jianlin most about Wang Cong.
In his opinion.
My son keeps raising money, but now he has actually lost the initiative.
Capital is dangerous and can send you to heaven or out of business.
Wang Jianlin, who has worked hard in the shopping mall for many years, knows this truth very well.
"Dad, are you worried that I will be kicked out?"
Wang Cong looked at his father and asked with a half-smile.
"Um."
Wang Jianlin nodded when he heard this and said calmly: "We have already raised US$200 million in the first round. I have to admit that you are better than 2.7 I thought, but have you ever thought about it? In the subsequent financing process, investors will definitely be interested in you." Both voting rights and shares are required. Once your shares are diluted to a certain level and most of your investment rights are lost, what should you do?
Wang Cong laughed.
Just when Wang Jianlin felt a little baffled, he heard his son say word for word: "If that day really comes, then I will sell the shares in my hand and earn him 10 billion.
????
????
The moment he heard these words, Wang Jianlin was stunned.
Did this guy never intend to hold shares in Sohu Weibo?
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