After rebirth, I will teach Ba Zong to be a salted fish
Chapter 5 Meeting
After Wei Yu took over Wei's, she has been seeking for the diversified development of the company.
The previous cooperation with WS fell through, which further strengthened Wei's own idea of getting involved in the fashion industry.
Just in the middle of the year, Wei's investment planning department contacted a Swiss fashion sports brand that has been developing strongly in recent years.
Then quickly advance within two days.
In the meeting room, the other party hadn't gone online yet, and Wei Shi was also adjusting the equipment and making preparations for the meeting.
Wei Yu sat upright, her hair style and dress were meticulous.Although Tan Chen is also dressed in an elite suit and leather shoes, he is leaning on the back of the chair very relaxedly, in stark contrast to Wei Yu who is sitting upright.
The sun was about to set, and the warm yellow sunlight shone through the window on Tan Chen's face, making him look even more lazy.
Wei Yu tilted her head and signaled Assistant Zhang to close the curtains.The sunlight was blocked tightly, which finally made Wei Yu feel much more pleasing to the eye.
The meeting begins.
The two sides exchanged pleasantries for a while, and then entered the topic of the meeting.
"Steven, hello. We have communicated through emails and conference calls before, and we will cooperate in the form of a joint venture company. Do you have any doubts about this?"
Under Wei Yu's signal, Assistant Zhang took the lead in asking questions.
The other party's CEO, that is, Steven, whispered to his subordinates for a while, and replied: "No problem."
"Then today we will mainly discuss the details of our investment cooperation."
Assistant Zhang clicked on the meeting desktop shared by both parties, and projected an English version of the "Memorandum of Understanding on Investment" with many annotations and highlights on it.
"This is the memorandum of understanding we sent to your company on Tuesday, which includes the cooperation content in all aspects mentioned in our previous emails and phone calls."
Assistant Zhang continued: "If your company has any questions about cooperation, you can ask for further communication."
There was a sound of typing on a keyboard.
Then, Steven said: "Sorry, we have some doubts about the proportion of investment equity. We still insist on a 1:1 equity structure, with both parties accounting for 50%."
Assistant Zhang glanced back at Wei Yu.
The version they gave to each other at the beginning was that Weishi would hold 66.67% of the shares, and the Swiss side would hold 33.33% of the shares, with Weishi occupying an absolute controlling position.
Now the other party is asking for 50% of the shares, because they want to share the power with Wei Shi and hold the power together.
But that's obviously ridiculous.
The first negotiating point reached an impasse.
Wei Yu looked at Tan Chen and explained: "They are the brand owner, mastering the design and production line, and we provide the market and operations. If they are allowed to occupy a controlling position, the Wei family will marry someone else."
Tan Chen nodded, then sat upright, crossed his hands and looked at the screen: "Mr. Steven, I am the lawyer representative of Wei's Group. I need to explain to you about the shareholding structure."
Steven: "No problem, please speak, Mr. Lawyer."
Tan Chen: "What I want to say is that even if you don't understand the laws of Huaguo, from the perspective of corporate governance, you should probably know that 50% and [-]% are the most unhealthy equity distribution plan."
Steven frowned.
Tan Chen: "According to Huaguo's "Company Law", most of the company's shareholders' meeting resolutions require the approval of more than half of the voting rights to pass. If the equity is distributed on a [-]-[-] basis, if the two shareholders If there are disagreements in the public opinion, it is very likely that the shareholder meeting will not be able to make effective resolutions, leading to a deadlock in corporate governance.”
He looked at Steven on the other side of the screen, and said in a gentle tone, "Efficiency is usually given priority in company operations, and stalemate is not good for anyone, what do you think?"
Steven's eyes became sharper.As soon as Tan Chen's words fell, he couldn't wait to ask: "If that's the case, why isn't our company the controlling shareholder?"
Tan Chen laughed when he heard the words, he returned to his previous lazy posture, and asked casually: "Then how much do you plan to invest in this new joint venture company?"
Steven also laughed, and the two looked at each other across the screen, silently confronting each other.
"100 million." Steven was full of confidence.
"Pfft—" Assistant Zhang sat aside and couldn't help laughing.The head of Wei's legal affairs and the head of the BD department glanced at each other, both holding back smiles.
Wei Yu raised his eyebrows, and looked at Tan Chen in a good mood.
The corner of Tan Chen's mouth curled up, staring at Steven, pretending to be puzzled: "100 million? Are you talking about 100 million in Chinese currency, or 100 million in Swiss currency?"
Steven on the screen seemed very inexplicable: "Of course it's 100 million in Swiss currency."
Tan Chen glanced at Wei Yu and saw that he seemed to be in a good mood, so he relaxed even more.He took the mouse in Assistant Zhang's hand, slid the memo page to the column of planned registered capital, and highlighted the "1 million Chinese currency" marked on it.
"Mr. Steven, 100 million Swiss currency is 700 million when converted into Chinese currency. Based on this calculation, it seems that your company's shareholding ratio is only 7%?"
The registered capital of 1 million Chinese currency was unanimously approved by both parties during the previous negotiation.At this time, the data was in front, and Steven, who just blurted out "100 million" confidently, looked a little ugly, and responded very hard at this time:
“…Maybe we can invest more.”
Off the screen, Steven's assistant coughed lightly and reminded Steven in German: "Boss, if the additional investment reaches 5000 million Chinese dollars, we may need to inject capital in installments."
Then Steven signaled Wei Shi to wait a moment, and began to talk with the assistant in German.
Tan Chen could hear clearly from the side. Seeing that Wei Yu didn't understand German very well, he approached the translator: "They don't have any money, and they are saying that if they invest 5000 million yuan, they will pay off."
The unexpected approach made Wei Yu frowned, but unexpectedly, his body didn't feel any rejection.
Tan Chen was still whispering to him: "Mr. Wei, do you give them a chance to install installments?"
The hot air exhaled while speaking sprayed on Wei Yu's neck, causing waves of trembling.
Wei Yu tilted his head calmly, and raised his eyebrows to look at him: "I listen to Lawyer Tan's opinion."
The other party ended the discussion, and Steven cleared his throat: "Mr. Wei, Mr. Lawyer, we are willing to invest more, but we hope that we can inject capital in three installments. What do you think?"
Tan Chen straightened his sleeves and sat upright again: "Mr. Steven, of course there is no problem with paying the capital contribution in installments. But you know that if a brand wants to open up a new market, it needs to spend a lot of money to develop and operate.
"If you pay in installments, then a large part of the initial investment needs to be borne by Wei Shi. You see, 50% of the equity has to bear more than 50% of the capital risk. Isn't it embarrassing?"
When Steven heard this, his face was a bit uneasy, and the strength of the brand could not be maintained anymore. He thought for a while, and finally gave up: "Okay, Mr. Wei, Mr. Lawyer, we really hope to cooperate with Wei."
Steven paused, and sincerely said: "We can no longer ask for 50% of the shares, but please allow us to think about how to allocate the shareholding ratio."
Wei Yu looked at Steven and smiled: "Of course."
In fact, paying the capital contribution in installments is also good for the Wei family. It can reduce the risk of cash flow. The Wei family is not at a disadvantage. Wei Yu is quite satisfied with the result of this negotiation.
The communication in the follow-up meeting was mainly about the appointment management of some joint venture company personnel, the team responsibilities of both parties and other matters.Assistant Zhang will continue to preside over the meeting and communicate and negotiate with the other party.
Halfway through the meeting, Tan Chen looked at his watch, it was past five o'clock.
I don't know why, but he always feels that his energy seems to be consumed faster after using his brain. Now that his task is basically completed, he feels as if he is hungry earlier than usual when he is free.
Sitting next to him, Wei Yu saw that he was restless and fidgeting on the seat, and was about to ask what was wrong, when she heard a very abrupt "cuckoo—"
It turned out to be hungry.
Tan Chen didn't expect his stomach to be so disappointing, but he was very calm, staring at the meeting screen motionlessly, pretending that the sound just now was not made by himself.
There was movement around him, and Tan Chen couldn't help turning his head to look, and saw Wei Yu picked up his phone, and he could vaguely see the ordering page of a certain food delivery platform.
Tan Chen leaned over without seeing any surprises, and whispered: "...I want to eat small fried meat wooden barrel rice."
The author has something to say:
The previous cooperation with WS fell through, which further strengthened Wei's own idea of getting involved in the fashion industry.
Just in the middle of the year, Wei's investment planning department contacted a Swiss fashion sports brand that has been developing strongly in recent years.
Then quickly advance within two days.
In the meeting room, the other party hadn't gone online yet, and Wei Shi was also adjusting the equipment and making preparations for the meeting.
Wei Yu sat upright, her hair style and dress were meticulous.Although Tan Chen is also dressed in an elite suit and leather shoes, he is leaning on the back of the chair very relaxedly, in stark contrast to Wei Yu who is sitting upright.
The sun was about to set, and the warm yellow sunlight shone through the window on Tan Chen's face, making him look even more lazy.
Wei Yu tilted her head and signaled Assistant Zhang to close the curtains.The sunlight was blocked tightly, which finally made Wei Yu feel much more pleasing to the eye.
The meeting begins.
The two sides exchanged pleasantries for a while, and then entered the topic of the meeting.
"Steven, hello. We have communicated through emails and conference calls before, and we will cooperate in the form of a joint venture company. Do you have any doubts about this?"
Under Wei Yu's signal, Assistant Zhang took the lead in asking questions.
The other party's CEO, that is, Steven, whispered to his subordinates for a while, and replied: "No problem."
"Then today we will mainly discuss the details of our investment cooperation."
Assistant Zhang clicked on the meeting desktop shared by both parties, and projected an English version of the "Memorandum of Understanding on Investment" with many annotations and highlights on it.
"This is the memorandum of understanding we sent to your company on Tuesday, which includes the cooperation content in all aspects mentioned in our previous emails and phone calls."
Assistant Zhang continued: "If your company has any questions about cooperation, you can ask for further communication."
There was a sound of typing on a keyboard.
Then, Steven said: "Sorry, we have some doubts about the proportion of investment equity. We still insist on a 1:1 equity structure, with both parties accounting for 50%."
Assistant Zhang glanced back at Wei Yu.
The version they gave to each other at the beginning was that Weishi would hold 66.67% of the shares, and the Swiss side would hold 33.33% of the shares, with Weishi occupying an absolute controlling position.
Now the other party is asking for 50% of the shares, because they want to share the power with Wei Shi and hold the power together.
But that's obviously ridiculous.
The first negotiating point reached an impasse.
Wei Yu looked at Tan Chen and explained: "They are the brand owner, mastering the design and production line, and we provide the market and operations. If they are allowed to occupy a controlling position, the Wei family will marry someone else."
Tan Chen nodded, then sat upright, crossed his hands and looked at the screen: "Mr. Steven, I am the lawyer representative of Wei's Group. I need to explain to you about the shareholding structure."
Steven: "No problem, please speak, Mr. Lawyer."
Tan Chen: "What I want to say is that even if you don't understand the laws of Huaguo, from the perspective of corporate governance, you should probably know that 50% and [-]% are the most unhealthy equity distribution plan."
Steven frowned.
Tan Chen: "According to Huaguo's "Company Law", most of the company's shareholders' meeting resolutions require the approval of more than half of the voting rights to pass. If the equity is distributed on a [-]-[-] basis, if the two shareholders If there are disagreements in the public opinion, it is very likely that the shareholder meeting will not be able to make effective resolutions, leading to a deadlock in corporate governance.”
He looked at Steven on the other side of the screen, and said in a gentle tone, "Efficiency is usually given priority in company operations, and stalemate is not good for anyone, what do you think?"
Steven's eyes became sharper.As soon as Tan Chen's words fell, he couldn't wait to ask: "If that's the case, why isn't our company the controlling shareholder?"
Tan Chen laughed when he heard the words, he returned to his previous lazy posture, and asked casually: "Then how much do you plan to invest in this new joint venture company?"
Steven also laughed, and the two looked at each other across the screen, silently confronting each other.
"100 million." Steven was full of confidence.
"Pfft—" Assistant Zhang sat aside and couldn't help laughing.The head of Wei's legal affairs and the head of the BD department glanced at each other, both holding back smiles.
Wei Yu raised his eyebrows, and looked at Tan Chen in a good mood.
The corner of Tan Chen's mouth curled up, staring at Steven, pretending to be puzzled: "100 million? Are you talking about 100 million in Chinese currency, or 100 million in Swiss currency?"
Steven on the screen seemed very inexplicable: "Of course it's 100 million in Swiss currency."
Tan Chen glanced at Wei Yu and saw that he seemed to be in a good mood, so he relaxed even more.He took the mouse in Assistant Zhang's hand, slid the memo page to the column of planned registered capital, and highlighted the "1 million Chinese currency" marked on it.
"Mr. Steven, 100 million Swiss currency is 700 million when converted into Chinese currency. Based on this calculation, it seems that your company's shareholding ratio is only 7%?"
The registered capital of 1 million Chinese currency was unanimously approved by both parties during the previous negotiation.At this time, the data was in front, and Steven, who just blurted out "100 million" confidently, looked a little ugly, and responded very hard at this time:
“…Maybe we can invest more.”
Off the screen, Steven's assistant coughed lightly and reminded Steven in German: "Boss, if the additional investment reaches 5000 million Chinese dollars, we may need to inject capital in installments."
Then Steven signaled Wei Shi to wait a moment, and began to talk with the assistant in German.
Tan Chen could hear clearly from the side. Seeing that Wei Yu didn't understand German very well, he approached the translator: "They don't have any money, and they are saying that if they invest 5000 million yuan, they will pay off."
The unexpected approach made Wei Yu frowned, but unexpectedly, his body didn't feel any rejection.
Tan Chen was still whispering to him: "Mr. Wei, do you give them a chance to install installments?"
The hot air exhaled while speaking sprayed on Wei Yu's neck, causing waves of trembling.
Wei Yu tilted his head calmly, and raised his eyebrows to look at him: "I listen to Lawyer Tan's opinion."
The other party ended the discussion, and Steven cleared his throat: "Mr. Wei, Mr. Lawyer, we are willing to invest more, but we hope that we can inject capital in three installments. What do you think?"
Tan Chen straightened his sleeves and sat upright again: "Mr. Steven, of course there is no problem with paying the capital contribution in installments. But you know that if a brand wants to open up a new market, it needs to spend a lot of money to develop and operate.
"If you pay in installments, then a large part of the initial investment needs to be borne by Wei Shi. You see, 50% of the equity has to bear more than 50% of the capital risk. Isn't it embarrassing?"
When Steven heard this, his face was a bit uneasy, and the strength of the brand could not be maintained anymore. He thought for a while, and finally gave up: "Okay, Mr. Wei, Mr. Lawyer, we really hope to cooperate with Wei."
Steven paused, and sincerely said: "We can no longer ask for 50% of the shares, but please allow us to think about how to allocate the shareholding ratio."
Wei Yu looked at Steven and smiled: "Of course."
In fact, paying the capital contribution in installments is also good for the Wei family. It can reduce the risk of cash flow. The Wei family is not at a disadvantage. Wei Yu is quite satisfied with the result of this negotiation.
The communication in the follow-up meeting was mainly about the appointment management of some joint venture company personnel, the team responsibilities of both parties and other matters.Assistant Zhang will continue to preside over the meeting and communicate and negotiate with the other party.
Halfway through the meeting, Tan Chen looked at his watch, it was past five o'clock.
I don't know why, but he always feels that his energy seems to be consumed faster after using his brain. Now that his task is basically completed, he feels as if he is hungry earlier than usual when he is free.
Sitting next to him, Wei Yu saw that he was restless and fidgeting on the seat, and was about to ask what was wrong, when she heard a very abrupt "cuckoo—"
It turned out to be hungry.
Tan Chen didn't expect his stomach to be so disappointing, but he was very calm, staring at the meeting screen motionlessly, pretending that the sound just now was not made by himself.
There was movement around him, and Tan Chen couldn't help turning his head to look, and saw Wei Yu picked up his phone, and he could vaguely see the ordering page of a certain food delivery platform.
Tan Chen leaned over without seeing any surprises, and whispered: "...I want to eat small fried meat wooden barrel rice."
The author has something to say:
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