Rebirth 2006, creating a super consortium

"If I work at Micro Times, what position can I take?"

After hearing Liu Lingdong's question, An Xin smiled!

"How about Executive Director of the Board, Senior Executive Vice President and Director of the E-commerce Division?"

Liu Qidong was slightly surprised: "Or the executive director of the board of directors?"

An Xin smiled and nodded to confirm: "Yes, if you join Micro Times, you can join the board of directors as an executive director!"

Liu Lingdong was a little confused: "Boss An, doesn't this need to be approved by the board of directors?"

"Oh? Does it still need approval from the board of directors?"

"That's no problem!"

An Xin smiled, then turned to look at Zhao Rui: "I nominate Liu Lingdong as the executive director of the company's board of directors. Do you agree?"

Zhao Rui reacted very quickly, immediately raised his hand and said: "I agree!"

An Xin nodded slightly, then turned to look at Huang Lei and Huang Tao: "Where are you two?"

Huang Lei and Huang Tao looked at each other after hearing this. Although it felt a bit casual, they couldn't disobey their boss, so they nodded in agreement!

An Xin nodded with satisfaction, then shrugged at Liu Qiangdong and said, "Four votes in favor, and the Micro Times board of directors only has six board members, so the votes have exceeded half. Mr. Liu, congratulations on becoming the executive director of the Micro Times board of directors!"

...

Liu Lidong stared in amazement the whole time as An Xin performed a series of cool moves!

In fact, not only Liu Lingdong, everyone in the conference room was stunned by An Xin’s amazing move!

I've never seen this scene before.jpg

At this moment, the entire conference room was silent, so silent that you could hear a pin drop!

After a while, Liu Lingdong finally reacted and said with a slight stutter: "Mr. An... Mr. An, you... you are not following the procedure, right?"

An Xin looked at Huang Lei and asked doubtfully, "Huang Lu, isn't this against procedure?"

Huang Lei raised his gold-rimmed glasses and explained, "Mr. An, you hold 75% of the shares of Micro Times. In fact, you don't need the approval of the board of directors to directly appoint anyone as a director of the board of directors!"

An Xin of course knew the rule, but if she did that, there wouldn’t be the current shocking effect!

"Mr. Liu, did you hear that? Do you have any questions about this issue?"

"no!"

Liu Lidong shook his head with a complicated expression: "I just think that Mr. An's style of doing things is too... too weird!"

What the hell is too weird?

Dongzi, can you speak?

This is really outrageous!

An Xin's mouth twitched slightly, and she cleared her throat and said, "Ahem, Mr. Liu, do you have any other questions about Micro Times' acquisition of JD.com?"

"Have!"

Liu Lidong immediately raised his question: "Mr. An, can you exchange this 5000 million RMB for an equivalent amount of Micro Times shares?"

"no!"

An Xin directly rejected the proposal!

What a joke!

After Micro Times completed its Series A financing, its post-investment valuation was only US$6 million, or RMB 48 billion.

If an equal exchange is agreed upon, 5000 million RMB can be exchanged for about 1.042% of the equity!

How big is the equity incentive pool in Micro Era?

5%!

Replace 1% for Liu Lidong?

impossible!

If this is the case, then the previous equity incentive plan to give He Weidong 0.5% and other executive directors 0.2% would no longer be appropriate!

After being rejected bluntly by An Xin, Liu Lidong looked a little disappointed.

In fact, his idea is quite simple. He is very optimistic about the prospects of Micro Times. He thinks that after Micro Times goes public in the future, its market value will start at at least 10 billion US dollars. So it would be a pity if he doesn't take the opportunity to get some shares at this time!

After noticing Liu Lingdong's slightly disappointed expression, An Xin smiled and said, "Mr. Liu, although the replacement plan doesn't work, I can privately sell you some of Micro Times's shares, but the specific valuation and specific shares need to be renegotiated!"

"Oh?"

Liu Lingdong's eyes lit up, and he said cheerfully, "That's fine too. Mr. An, please tell me the specific plan!"

An Xin nodded slightly, and directly laid out the plan she had thought of last night: "Micro Times is valued at 10 billion US dollars. If you pay 500 million US dollars or 4000 million RMB, I can sell you 0.5% of the equity privately!"

$500 million for 0.5% equity?

After thinking for a moment, Liu Lingdong nodded with satisfaction, but suddenly he seemed to have thought of something and immediately said with a bitter face: "Mr. An, I am willing to accept this plan, but if I do this, I don't have enough money!"

An Xin asked in confusion: "Don't you own 90% of JD.com's shares? That's 4500 million RMB, how can it not be enough?"

Liu Lidong spread his hands and said, "4500 million RMB is correct, but after deducting the 25% income tax, isn't there only 3375 million left?"

"And I also want to give 70 JD.com employees a bonus of 2 yuan each, which would leave only 3235 million yuan, which is totally not enough!"

An Xin was confused!

No, these days, who really pays income tax after selling a company?

Besides, who would give bonuses to employees after selling a company?

Hey, I never expected to meet an honest person today!

In her previous life, An Xin had never met Liu Lidong, but she had heard the business community's evaluation of Liu Lidong as honest, kind, and nostalgic. Looking back now, it seems quite accurate!

After thinking for a moment, An Xin looked at Liu Lingdong with a warm expression and said, "Mr. Liu, how about this? You donate 90% of your JD.com shares to the Li Hang Charity Foundation I established, and serve as a director of the foundation."

"Then I will sell you 1% of Micro Times' equity for 0.5 yuan, and give you an additional 300 million yuan to let you handle employee rewards. What do you think?"

Since Liu Xidong is an honest, kind and nostalgic man, I am willing to give him enough respect!

Just spend a little more money and sprinkle some water!

Liu Lidong also noticed An Xin's sudden change in attitude, and he vaguely understood why An Xin was like this.

However, Liu Lingdong felt that he was upright and not bragging, so he said calmly: "Boss An, let's follow your plan!"

An Xin nodded with satisfaction, then turned to look at Huang Lei: "Lawyer Huang, the relevant contracts are now handed over to you. In addition, you will also handle the background check of JD employees!"

Huang Lei immediately agreed: "No problem, I promise to complete all the procedures within three days, and Mr. An and Mr. Liu just need to wait for the signing!"

An Xin turned her head and looked at Huang Tao again, and ordered: "Director Huang, after Mr. Liu and I complete the equity transaction process, the company will need to spend 4000 million RMB to buy back 90% of JD.com's equity from the Li Hang Charity Foundation, so you should prepare the funds in advance!"

“The funds are ready and can be mobilized at any time!”

An Xin nodded with satisfaction, then stood up and said to Liu Lingdong: "Mr. Liu, let's go to your office to discuss the next e-commerce plan!"

"it is good!"

...