American Ranch

Chapter 272 Financing and Shareholder Meetings

After Chen Xiao's wedding, the couple stayed in the city for a few days before going out for their honeymoon.

Bai Xiaoou and Brett returned to the United States on May [-]nd.

Chen Mo lived at home for a while, and then went to the United States with Ellie.

When they arrived at San Francisco International Airport, Moxi came to pick him up in a Ford RV, and Chen Mo sent Ellie to San Jose: "I'm busy in the future, and I may not be able to come and help you move."

"It's okay, your work is more important." Ellie smiled and hugged Chen Mo: "I'll go back first, send me a text message when you get home."

"OK."

During this period of time, Moxi was very free, and there were fewer jobs in the valley ranch.

The work of River Valley Farming, because of the previous team, Moxi just assists Bright to straighten out the affairs of the River Valley Farming Company...

River Valley Ranch is a joint-stock company. From the day of its establishment, River Valley Ranch and Valley Ranch have been operating separately.However, some venues, such as fresh milk farms, breeding farms, feed mills, etc., are still rented from the Valley Ranch...

Back at Hegu Ranch, Chen Mo started to recruit shareholders.The current valuation of River Valley Ranch is US$4 million. With business integration, profit evaluation, and the first round of financing, the valuation of River Valley Ranch has risen to US$4.5 million...

Bright holds 5.00% of the shares.

Chen Mo holds 90.00% of the shares at [-].

There are also minority shareholders, Moxie, Cons, John, Hank, etc. The employees of River Valley Ranch and Valley Ranch account for [-]% of the shares.

In the first round of financing, Nestlé invested 2 million US dollars.

There are 21 families in the small town of San Beni holding ranch appraisal certificates and buying shares at a discount in the form of pasture land.

The total valuation for the 21 ranches is $3610 million.

In addition, residents of San Beni Town, employees of River Valley Ranch Company, and employees of Valley Ranch contributed to subscribe for shares, with a total amount of US$422 million.

And Ellison Corporation subscribed for 3000 million shares.

As for TBL wanting the shares of Hegu Dairy immediately, but Hegu Dairy doesn't need so much money now, Chen Mo promised to sell some of their shares.

The pre-investment valuation of Hegu Animal Husbandry was 4.5 million US dollars, and the financing amount was 2.7032 US dollars.

The post-money valuation is $7.2032 million.

Chen Mo holds 0.591% of the shares, and the amount on the books is about 4.258 million US dollars.

Nestle holds 0.277 percent of the shares, and the book value is 2 million US dollars.

The number of shares held by Bright is reflected in the book value of 2250 million.

After that, there are some small shareholders and retail investors.

After the first financing of Hegu Animal Husbandry was completed, Bai Xiaoou called immediately, representing the TBL Alliance, and came to Chen Mo's home with John Mike the next day.

"You hold a lot of shares, how much are you willing to let go." Bai Xiaoou said straight to the point.

"See how much you can eat, I need money."

"What is the threshold to enter the board?" John Mike said.

"500."

"We can come up with 2 million. How much are you willing to sell?"

"Cash?" Chen Mo smiled. This is buying shares from Chen Mo, not financing, which means that the money can fall into Chen Mo's own pocket.

"30.00% shares, how?"

"Too little. At least 30.00% five." John Mike said.

"30.00% Your family is taking advantage. If there is more, it will not work. Hegu Animal Husbandry will hold its first shareholders meeting at nine o'clock tomorrow morning, and will announce the freezing of shares, which means that holding shares for 30 months cannot be transferred or traded... ...You guys have to be quick, transfer the money to me today, and we will attend the shareholders meeting together tomorrow." Chen Mo stroked his chin: "Hegu Ranch will also cooperate with Nestle San Beni factory, Hegu Ranch will take a stake in this factory, Nestle Group There will also be additional investment. If you don’t start today, you will have no chance in the future.”

Bai Xiaoou and John Mike discussed alone for a long time, and then notified the accountant and lawyer, and completed the equity transfer with Chen Mo on the same day.

Chen Mo's shareholding ratio was reduced to 20.00% 2, and [-] million in cash was recorded.

After completing the transaction, Bai Xiaoou looked at Chen Mo strangely.

"It's amazing, my Momo, this change of hands directly earned [-] million yuan, it's really good." Bai Xiaoou and the others invested in Hegu Animal Husbandry and also made a detailed evaluation.

River Valley Animal Husbandry, if you say it works, it’s just that.

There are 3.2 acres, but that's hills, undeveloped land.

The value of that piece of land, if the quotation is 8000 million, no one will ask for it, and [-] to [-] million is more reasonable.

Then there are a total of 1 breeding sheep, sheep plus land, the total value should be about 1 million US dollars.

What else did Chen Mo come up with, the fresh milk factory and related businesses, the ranch's original ecological research institute and breeding laboratory, and related achievements.There is also the brand of River Valley Ranch...and transferred most of the workers.This, on the contrary, lightened the burden on Chen Mo himself...

Chen Mo didn't lose anything in this resale transaction, it really made a lot of money.

"It's not bad, let's eat so-so." Chen Mo was in a good mood, and what he was most reluctant to part with was the fresh milk business of Hegu Ranch.This business should have been kept, at the very least, it should have waited until the end of the year before giving up, and at the very least, I could earn 4000 to [-] million for myself.

But in that case, the appearance of eating will inevitably be too ugly.

"You really can toss."

Early the next morning, the first shareholder meeting of River Valley Ranch.

There are more than a dozen large and small shareholders.

Chen Mo was elected as the chairman (chairman of the board of directors) even though he gave up 30.00% of the shares. In Hegu Animal Husbandry, this position is only a ceremonial position.I usually have nothing to do, and when I have something, I will preside over the meeting of the board of directors.

Then there's the appointment of the CEO, the appointment of the chief financial officer...

There is no suspense about the fact that Bright is the CEO.The chief financial officer has to find someone from outside, so let's discuss which headhunting company he should go to...

Chen Mo presided over the beginning of the meeting.

The official meeting was presided over by Bright. He first talked about the company's location, which is the headquarters.

Temporarily decided to build the headquarters in the small town of San Beni, with an estimated investment of 650 million.After that, there are new breeding farms, breeding farms, dairy farms, feed mills, fresh milk factories, ecological research institutes, laboratories... and the development of the Terai Hills.

Brett held the documents, and everything was clearly arranged.

River Valley Animal Husbandry now owns nearly 1 acres of flat valley land, all of which are invested by local farmers in River Valley Animal Husbandry. The planning and utilization of these lands are also clearly written.

Although Hegu Dairy is still occupying Chen Mo's dairy farm and fresh milk processing plant, they have to pay for it.From now on, Hegu Ranch is Hegu Ranch, and Chen Mo only owns the shares of Hegu Ranch...

The valley ranch is completely Chen Mo's ranch.

(End of this chapter)