Shanghai is prosperous

Chapter 473 Fighting wits and courage
Wang Yiyuan signed his name stroke by stroke on the last document, then stood up and shook hands with Vice President Kong warmly, and the two sides exchanged texts.The flashing lights under the stage flickered, and there was a lot of noise and excitement.So far, the intermediary company and the intermediary service company in Beijing have officially completed all handovers.

Time freezes and the dust settles.

The management cadres above the intern manager level in all stores of the intermediary company, Ren Xueming, Du Jianfeng, Xiao Yunhua, Zhou Wanqiu and Wang Liping, as well as Mr. Cao, Mr. Zhou and others have all witnessed this historic moment in the company's development.

The signing ceremony was held in Gumei's large conference room.The office here, Wang Yiyuan, was finally kept by himself.But at this time, because the staff of Mr. Wu's real estate company had already begun to divert to the research institute here, it was full of staff, so it didn't seem particularly empty.

Originally, the Beijing company meant that the signing ceremony would be held in a grand hotel in Shanghai.They felt that this was not only a high-profile publicity opportunity for the company to enter the Shanghai real estate intermediary market, but also a major benefit for their company's subsequent listing roadshow and sales.

The reason why it was held in a low-key manner in the end was because of Wang Yiyuan's persistence.He felt that no matter from which aspect, the cooperation between the two parties was still a small matter in the final analysis, so he was unwilling to mobilize people because of it.

Of course, he didn't say the main reason.In fact, Wang Yiyuan has always disliked the feeling of showing his face under the spotlight.He doesn't like publicity, and he doesn't like being in the limelight.It's not in his character to put himself in front of the public and be watched by others, and it doesn't conform to his consistent low-key style of dealing with people.

What he said to Mr. Cao, the sale of an intermediary company is a very heartbreaking thing, so there is no need for us to make a high-profile publicity, right?Mr. Cao finally agreed and recognized Wang Yiyuan's idea.

Since Wang Yiyuan and his three returned from Beijing, they have made great efforts to strengthen and manage the operation management and human resources of the intermediary company, especially in the aspects of network construction, company system and personnel management methods, etc. It directly borrowed many good practices from the Beijing company.

Less than ten days later, the due diligence team of the company in Beijing, led by Vice President Kong and another manager of Zhou’s head office, entered Wang Yiyuan’s intermediary company to carry out preliminary work.

Wang Yiyuan took into account the actual situation that the intermediary company had just started to stabilize and all businesses were still being vigorously promoted, so at that time, the company did not disclose the matter of preparing to cooperate with the Beijing company.

Ten days later, on April [-]th, the two companies signed a memorandum of tender offer in Shanghai.Beijing officially hired Mr. Zhou's company and formed a team of experts to start a comprehensive audit of the intermediary company.

On April [-]th, the construction of Shanghai Disney Resort started.At that time, Mr. Cao was still joking, saying, we have chosen a good day, and we are considered to be in the glory of Disney.When Shanghai Disneyland is completed in the future, I invite everyone here to visit Disneyland by then.

Everyone at the scene burst into laughter.At this time, after a period of governance and rectification, the intermediary company has basically entered the normal operating track in an all-round way.The focus of the next work began to enter the stage of comprehensive quality improvement and pursuit of efficiency.

The results audited by the expert team were basically consistent with the financial statements of Wang Yiyuan and his intermediary company.But then a more serious problem arose. The two companies had a big difference in the calculation of valuation.

According to the calculation method of the Beijing company's valuation of the intermediary company, the relevant financial data of the intermediary company at the end of March is used as the basis, and the current net profit of the intermediary company is used, and then the company's future net profit is calculated according to the actual situation, and the company's future net profit is used. The net profit is compared with the current net profit to estimate a premium value, and finally use this premium level to calculate the value of the entire intermediary company.

For such a simple valuation method, Wang Yiyuan and the others would definitely not agree.Because the intermediary company is still in the final stage of expansion at this time, and many stores have not actually generated real profits. Using the operating profit data at this time as the basis for the valuation calculation of the intermediary company, my company must be big. Lost.

On the other hand, Wang Yiyuan and the others have discovered at this time that the scale benefits of the intermediary company are gradually emerging, and the future performance is very strong. If time passes, it will definitely become a very good "cash cow".

Therefore, Wang Yiyuan, Ren Xueming, Du Jianfeng, and Kang Lixin discussed and agreed that if there is no suitable price, running an intermediary company by themselves is actually a good business, and it should also have a bright future.

In this way, due to these frictions and contradictions between the two companies in terms of valuation, over time, the cooperation between the two parties in the acquisition business will not be so smooth and free, and they will become cold unconsciously.

Entrusted by Mr. Cao and the company, Vice President Kong of the Beijing company has always stayed in Shanghai.During the period, Wang Yiyuan found time to have a conversation with Vice President Kong in the company's office.

Wang Yiyuan expressed his views on the valuation of Beijing companies.He told Vice President Kong clearly that according to the current development trend, it is actually not a good choice for the intermediary company to sell the company to some extent.

Vice President Kong is actually just a leading role and does not have the final say on the company's actions.He laughed and said, this is a plan made by our company's investment department, and the final decision still depends on Mr. Cao.

Wang Yiyuan took out the report made by the financial consultant specially hired by the intermediary company, and said that the judgment made by our financial consultant company is similar to our own.I don't hide from you either, you can forward this report to Mr. Cao for reference.

The financial consultant of the intermediary company is a consulting company in Shanghai recommended by Mr. Zhou, and Wang Yiyuan doesn't know how they are related.However, the connection of all these obvious matters is actually operated by Mr. Zhou later, and Wang Yiyuan is well aware of this.

Wang Yiyuan said that according to the conclusion of the consulting company, now is not the time, and it is not appropriate to sell the intermediary company at such a low price.Therefore, in our company's opinion, if the valuation does not meet the expected requirements, then we would rather not sell it, but raise it ourselves first.In other words, the negotiations between us had to be temporarily suspended.

(End of this chapter)