20 years of restarting life
Chapter 3507 Liu Mingxiong's Sentiments
Chapter 3507 Liu Mingxiong's Sentiments
Although the content of the contract has been agreed upon, it takes time to formally draft a rigorous contract, and it undergoes multiple rounds of review by the legal counsel of both parties and the law firms they have hired.
Fortunately, this contract does not involve much financial matters; it simply involves the division of the shares of Green Garden Group held by Rose Group. There are not many clauses to be written into the contract, and they are all short clauses.
Around 7 p.m., the contract was finally completed, and Zhao Chang'an and Shan Qiang signed the two identical copies, successfully completing the equity division.
Regardless of what they were thinking, the audience erupted in enthusiastic applause.
From this moment on, Rose Group no longer held shares in Green Garden. Instead, the shares were transferred to a shell company newly established by Shan Qiang, holding 25.3% of Green Garden Group's shares. The remaining 20.7% of the shares were transferred to OneNanometer, a domestic company under Zhao Chang'an.
The applause stopped. It was getting late, and everyone was hungry and preparing to go eat. Shan Qiang glanced at the time and said, "Now let's move on to the second topic, which is the issue of Mr. Zhao's 45% stake in the Rose Group. Is Mr. Zhao planning to completely withdraw from the Rose Group?"
Zhao Chang'an nodded and said, "Yes, there are too many things to do, and we can't manage everything here."
Shan Qiang asked Liu Mingxiong and the other two, "President Liu, President Mai, President Lang, are you interested?"
The Rose Group holds 60% of the shares in Rose Culture & Tourism, 20% of the shares in Shancheng Vocational and Technical College, and 100% of the shares in Rose Flower and Tree.
In other words, if the three of them were to acquire the shares held by Zhao Chang'an, it would be equivalent to holding 67% of the shares of his core asset, Rose Tourism, giving them a controlling stake. At that point, the names of Rose Tourism and Rose Group would need to be changed.
Liu Mingxiong, Lang Ruping, and Mai Guixue looked at each other, their eyes filled with barely concealed excitement.
The three of them have invested less than three million US dollars in Rose Tourism so far, holding a 40% stake.
Qiangwei Cultural Tourism has now signed contracts for Jiti Mountain, Taohua Lake, Lingshan Temple, Jiulong Lake, Xiaoxihua Mountain, and Yingshanhe Valley Scenic Area in a prefecture-level city in Shannan.
The total investment over the past few years has exceeded 600 million RMB (the revenue from the scenic area within the buyout period, as well as the costs of scenic area construction and promotion, etc.). In addition to their own 3 million USD, the Rose Group contributed 4.5 million USD, totaling just over 60 million RMB. The remainder was all bank loans.
In other words, with 10% of the investment, they obtained 90% of the bank loans, leveraging cultural and tourism assets worth over a billion yuan.
Moreover, the company has already preliminarily qualified for listing on the Hong Kong Stock Exchange. If it can be listed, these assets will multiply many times over.
The three of them had worked for the Ye family for many years and had developed a great deal of tacit understanding. They could immediately understand each other's attitudes through their eyes.
Liu Mingxiong was about to speak, but of course he wouldn't immediately agree to take over. Instead, he would try to take a roundabout approach to lower Zhao Chang'an's price.
He first cleared his throat and said, "Regarding Rose Tourism, it is actually a public welfare investment that Lao Mai and I wanted to give back to the country. We never thought about making money. We just wanted to bring the advanced operation model of foreign tourism brands to China and help domestic scenic spots become world-class tourist destinations." "So from our point of view, it is not about taking more shares or going deeper, but about getting more outstanding domestic entrepreneurs with ideals and ambitions to participate."
Senior Mai Gui, dark-skinned and shrewd, had been suffering from diabetes for years but couldn't control his eating, drinking and having fun. He felt a bit hypoglycemic at this moment, and his words were inevitably harsh and a bit aggressive: "Does President Zhao think we care about such a small share? We already have companies and businesses in Europe and Hong Kong."
"Old Mai, don't get excited. But you can't force things. Mr. Zhao has a huge business now, worth tens of billions. It's understandable that he can't take care of these small businesses. It's not impossible for us to keep these shares for now. When we meet some outstanding entrepreneurs in China with ideals and ambitions, especially those young talents who are of course no match for Mr. Zhao, we can symbolically ask for a little money and give them a portion of the shares."
Lang Ruping said passionately, "These shares can be divided into several parts, each of which is a seedling support program. I believe that through this method, a group of outstanding experts in the cultural tourism industry will be nurtured and showcase the beautiful scenery of China to foreigners."
Zhao Chang'an was thoroughly disgusted by the three old foxes' charade of playing both good and bad cop. He had originally planned to give all the shares to Shan Qiang, but she didn't appreciate it and insisted on bringing these three along.
They were clearly so greedy for those 45% of the shares that they were practically dying to get them, yet they still put on airs and used moral blackmail to try and negotiate a lower price.
After falling out with the Ye family overseas and with Ye Henian and his associates, Liu Mingxiong and the other two quickly liquidated their overseas assets, leaving behind only small shares in some companies and some villas.
Zhao Chang'an didn't know the exact value of these shares, but it was between 20-30 million and 50-60 million. As for the real estate, it was basically around 10 million.
In the past two years, the three of them have tried to do some business in places like Hong Kong Island and Huadu, but almost none of them have made any progress. The only thing that has made a decent profit is the foreign trade business.
In reality, he's just an international middleman who imports luxury goods or non-luxury goods from Europe, repackages and promotes them, and then sells them in specialty stores in China.
The total personal assets of these three people are all below 100 million RMB. Not to mention Zhao Chang'an, even Shan Qiang's net worth is dozens of times that of them. Zhao Chang'an really doesn't know what qualifications these three have to show off in front of him.
It's not that Zhao Chang'an is snobbish and judges people by whether they are rich or poor, but these three old foxes in front of him use this standard to judge people, so he can only prepare to crush them according to their standard.
Zhao Chang'an was prepared to ask for 80 million. He had invested approximately 30 million in Rose Culture and Tourism, Rose Flower and Tree, and the Vocational and Technical College, which, considering purchasing power over the past two years, was roughly equivalent to 40 million in today's market value. Zhao Chang'an didn't think the 100% premium was high. If they wanted it, fine; if they wanted to bargain, Zhao Chang'an was prepared to simply give these shares to Xu Wanrong and let her fight them.
With its current structure, if Rose Tourism operates well and maintains the right relationships, it could be listed on Hong Kong Island by the year after next at the latest.
These small-cap stocks, even if they're not considered dark horses, will likely grow to a market capitalization of over a billion yuan in a year or two, following the trend.
Based on the current investment and shareholding ratio of these three old foxes, a three million dollar investment can easily be appreciated to thirty or forty million dollars. In about four years, the value will increase more than tenfold. What else do they want?
You could say that asking for 80 million is already quite generous!
If you're patient enough, it won't be difficult to eventually sell it for over 100 million.
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