326. Mocha Incident
The mastermind behind the Mojie incident is busy in the office at this time.
Lu Zhou picked up the information submitted by the investment manager of Chuangmeng Fund.
The reason for this change is simple. Whether it is idg, Penguin or Mengguang, they have reached the point where they cannot tolerate the original ceo Wang Bo. Chen Xu, one of the founders, has made more achievements in the middle, so it is not surprising that the three institutions jointly with Chen Xu to depose Wang Bo.
After all, investors are spending real money, who wants the founding team to do nothing?
Just now, the first betting agreement signed by Wang Bo and Penguin has already taken effect. Capital no matter what the reason is caused by you. In short, Wang Bo lost a total of 4 million shares to Penguin this time, accounting for about 3% of the entire Mojie share capital. As for whether the agreement at the end of the year can be triggered, it depends on the communication between Chen Xu and Penguin.
At present, Mo Liao's shareholding structure seems extremely average and weird.
Before Penguin entered the market, the shares of the three founders were slightly average, but the success was that they were starting a business with classmates and friends, relying on relationships to maintain the stability of the team, and then Wang Bo spoke to the outside world.
But after Penguin came in, the company's performance declined and the team itself had a crack.
After this adjustment of the betting agreement, Chen Xu and Zhang Min are the first shareholders, each holding 22.5 million shares, followed by Penguin's 21 million shares and Wang Bo's 20 million shares. As for Chuangmeng and Idg, there are less than 10 million shares.
Seeing this, Lu Zhou couldn't help but sigh that Wang Bo made a profit and then lost the bet. It only took less than a few months from the first shareholder to now. Money may be a test. But to verify the relationship between friends, it may be easy to lose friends in the future. In fact, there is no need to try this way.
Not long after, Lu Zhou heard a sound at the door of the office. The person who came was Liang Xiaohui, the investment manager of Chuangmeng Fund.
Lu Zhou nodded at him, reached out to signal him to sit down, "Sit."
Liang Xiaohui respectfully sat on the chair opposite Luzhou, and then went straight into it, "Mr. Lu, Mojie's conference room has ended. The personnel change has been confirmed."
Lu Zhou said in a deep voice, "Well. So, are there any accidents in the new job process?"
The three institutions plus Chen Xu's seat made it easy to bring Wang Bo down. But it is still a bit troublesome to say that Chen Xu is on the throne. Because on this issue, Penguin must have something to say, and it is necessary to install some people in, which may become a variable.
Liang Xiaohui shook his head, "No, Wang Bo abstained from all power, and Zhang Min supported Chen Xu as president. But the surprise now is that Alibaba."
A smile appeared on the corner of Lu Zhou's mouth, and he thought that the contraction and binding force of history was so great.
"Oh? So it seems that what you mentioned in your previous due diligence is true?"
Liang Xiaohui nodded and responded, "Yes, Mr. Lu. If nothing unexpected happens, Zhang Min and Wang Bo will sell their shares to Alibaba at a price of US$0.8 per share, with a 20% discount."
Luzhou, "If the transaction is completed, what is the specific situation?"
Liang Xiaohui, "First of all, it triggers the anti-dilution clause in the B-round signing agreement between the founding team and Penguin. Penguin can obtain five million shares compensated by the founding team, which is compensated for the decline in valuation."
Lu Zhou said with a hint that Penguin can get this "cheap". After all, the single stock price of the B round is one dollar. But Chuangmeng and IG are not such a good thing. The holding costs of the two companies are far lower than the single stock of US$0.8, and they have already made a lot of profits, so it is naturally impossible to get compensation.
Liang Xiaohui continued, "After the founding team compensated Penguin, if all the shares of Wang Bo and Zhang Min were transferred to Alibaba, Alibaba would hold more than 37 million shares, Penguin would be 26 million shares, Chen Xu would have 20.7 million, and Chuangmeng and Idg would remain unchanged."
Lu Zhou had a little thought, if Alibaba was allowed to do so, the holdings would directly exceed the veto line.
He asked, "How is the arrangement within Chuangmeng?"
After hearing this, Liang Xiaohui submitted the information to Lu Zhou, "Mr. Lu, this is the plan formulated by Chuangmeng."
"One is to acquire part of Wang Bo or Zhang Min's shares through funds in the fund. The ideal acquisition share is 7 million shares, which is calculated at Alibaba's discount, and costs about US$5.6 million. Chuangmeng's share capital will rise to 16 million."
Lu Zhou nodded slightly. The price was a bit expensive in his mind, but if he wanted to have his own process, he wouldn't say much.
Liang Xiaohui, "Secondly, the issue of holding the original option pool. This part was originally held by Wang Bo. Next, we will communicate with Chen Xu to promote the board of directors to pass the plan to hold the option pool by Chen Xu. If possible, this plan can also be added to expand the share of the option pool.
At present, Mo Liao's option pool accounts for much less than 10%. I don't think any company will refuse the new capital issuance to the option pool. After all, this is beneficial to Mo Liao's development."
Lu Zhou thought about it and understood the middle joint.
Chuangmeng purchased 7 million shares, but Alibaba could only buy 30 million shares. After two problems in promoting the option pool, Chen Xu's own shares and the option pool held by the agency can beat foreign Alibaba.
Why can Chen Xu agree? The reason is simple. Idg is a fence-bearing girl who makes soy sauce, and Penguin Ali is an alien monk. He has to think about putting his own chess pieces into Mojie these two days. It seems that the only old boss Menggu is left is more realistic.
Liang Xiaohui's plan seemed to be trying to win over Chen Xu, but in fact, Chen Xu had no choice at all. If you want to retain your voice, you can only defect to Menggu.
Luzhou, "What is IDG's attitude?"
Liang Xiaohui smiled and said, "Penguin Alibaba comes in and fights, so how can they panic? At least the three companies will end the internal struggle. The attitude is naturally clear, just wait for the subsequent rounds, wait for the listing, and wait for the money. They will not participate in the others."
Lu Zhou smiled when he heard this. The style of strategic investors and industrial investors is nothing more than that.
Lu Zhou knocked on the table, "Yes, the rest will be managed by the fund."
Liang Xiaohui heard this and said, "Old Travel, then I'll go down and arrange it."
"Wait." Lu Zhou called Liang Xiaohui.
He asked, "Contact Wang Bo about the acquisition of shares, but he will not refuse."
Liang Xiaohui, "I understand."
Lu Zhou continued to ask, "How do you think between Ali and Zhang Min?"
Liang Xiaohui smiled, "Mr. Lu, there are many ways to do something, and it is not easy to make it clear. But it is legal and compliant, that's right.
Of course, another small contradiction in this matter is that Zhang Min wants to cash in, but Penguin dares not accept it rashly, which gives Alibaba a chance.
However, things have changed a lot. If Penguin figured it out and bought shares of Zhang Min or Wang Bo again this time, it depends on the negotiation skills of each company."
After hearing this, Lu Zhou understood it and said in a deep voice, "Yes. Let's go down first."
Chapter completed!