My Life Can Hang

Looking at it this way, it is really not for nothing that the magnesium group took a fancy to Qingju Technology.

"Wait for a while, I'll make a call."

Cheng Wei couldn't sit still, and planned to have a good discussion with Liu Qing.

"Please."

Chen Dongcheng vacated the office and went to the toilet.

Go out for a walk and have a cup of coffee in the tea room.

Looking at his watch, half an hour has passed.

Back at the office, Cheng Wei just hung up the phone, turned to Chen Dongcheng and said, "Let's make a price."

Chen Dongcheng smiled: "40 billion US dollars, I can accept the payment method of shares and cash."

"Just kidding, impossible."

Cheng Wei refused without hesitation: "This valuation is too high."

If it is not completely rejected, it means there is some talk.

Cheng Wei is not satisfied with the price.

Then the two had a fierce bargain in the office.

The final price was US$27 billion in cash, and an additional US$[-] billion in stock was issued to the shareholders of Qingju Technology.

According to the valuation that Didi has just completed financing, Didi will take out 10% of the equity.

At this price, Chen Dongcheng is still very satisfied.

Shared bicycles are a pit that will explode sooner or later.

Chen Dongcheng did not intend to hold Qingju Technology for too long at the beginning.

Compared with the magnesium group, Didi seems to be more reliable.

Didi would rather spend money to buy Qingju Technology than have a strong competitor.

However, for such a big acquisition, it is naturally impossible to settle down like this.

At least one has to explain to the investors the reasons for acquiring Qingju Technology before formally signing the contract.

But this does not prevent Chen Dongcheng and Cheng Wei from chatting and laughing.

Cheng Wei said with emotion: "I didn't expect you to come back."

Thinking that Chen Dongcheng did not continue to follow the investment at the beginning, the equity he held has been diluted, and now it is very small.

But Cheng Wei and Liu Qing never dreamed that Chen Dongcheng would return to Didi in this way.

Chen Dongcheng smiled and nodded: "Yes, I finally came back."

"Okay, I have to hurry back to the capital. You can come here later and let's sign the contract."

"it is good."

Chen Dongcheng agreed very happily, and Cheng Wei also left very simply, leaving with a gloomy stomach.

Didi held a video conference overnight, and all investors voted.

There are more people in favor of the acquisition of Qingju Technology.

They have experienced the taxi subsidy war, and now they have a headache when they mention the subsidy.

Moreover, the plan of Qingju Technology to open a special car business does not seem to be a fraud.

If Qingju Technology is allowed to develop, it is possible to break the monopoly that Didi finally created.

DiDi cannot afford this price.

Since there is an easy way, why do you have to beat me to the death?

Didi confirmed the acquisition plan, and Qingju Technology also held a board of directors.

Many employees of Qingju Technology are a little puzzled, why are so many investors present today?

In the conference room, many investors had different opinions.

Some C rounds have just entered the market, and they don’t make much money by selling at this valuation.

They very much hope that Qingju Technology will change its name to Qingju Travel and have a good fight with Didi.

The investors in the A and B rounds advocated accepting the acquisition of Didi, and pocketed the investment income as soon as possible.

"Since everyone disagrees, let's raise our hands to vote."

Chen Dongcheng said simply.

There was silence in the conference room for a moment, Zhao Yin said, "If you support the independent development of Qingju Technology, please raise your hand!"

The voice fell, and the investors who came in the C round and Zhao Yin raised their hands.

The person who raised his hand couldn't help feeling a little chilled, because Chen Dongcheng, who held the largest share of shares, didn't raise his hand.

Despite several dilutions, Chen Dongcheng still holds a 55.77% stake in Qingju Technology.

Although Zhao Yin's voice was expected, he couldn't help being disappointed.

As the CEO of Qingju Technology, he prefers to see Qingju Technology develop on its own rather than sell it directly to Didi.

After Didi buys it, it will definitely gradually empty him.

"If you support Didi's acquisition of Qingju Technology, please raise your hand."

Everyone watched Chen Dongcheng's right hand slowly raised.

Although not fast, but very firm.

Ding Baoshan's shareholding ratio is not large, and after several rounds of dilution, it is only 3.3%.

However, he firmly followed Fa Xiao's footsteps and raised his hands as well.

There are also investors in the A and B rounds, there is absolutely no suspense.

"I announce that Qingju Technology will be sold to Didi Chuxing. Thank you for your votes."

Zhao Yin said this sentence almost in a tragic tone.

There was no expression on Chen Dongcheng's face, only indifference that was not seen before.

Business is business, and it involves interests. How many people can sacrifice themselves for others?

Anyway, Chen Dongcheng couldn't do it.

The sale of Green Orange Technology was a good move made by Chen Dongcheng a long time ago. Now that he has finally made a move, Chen Dongcheng is relieved.

chapter 331

After the shareholders' meeting, Didi's acquisition of Qingju Technology quickly spread to the outside world, causing heated discussions.

Even during the meeting, news leaked out one after another.

Obviously some shareholders are very unhappy with this meeting, but the rules are the rules.

Chen Dongcheng has the greatest right to speak, even if they are dissatisfied, they can only accept it.

Didi couldn't wait to announce the news to the outside world.

"I am very pleased that Didi Chuxing has signed a wholly-owned acquisition agreement with Qingju Technology.

Qingju Technology will officially join Didi and become a member of our big family.

In the future, the two companies will maintain independent operations, and Didi Chuxing will continue to invest in Qingju Technology.

Explore more travel scenarios, thank the media friends for their attention..."

The reporters paid more attention to the insider information of the transaction, and some well-informed reporters even got some inside information.

It seems that Didi has secured a shareholder with the largest shareholding before bringing Qingju Technology into its banner.

But when it comes to the most critical people, even those disgruntled investors are keeping their mouths shut.

Although dissatisfied with the acquisition, Chen Dongcheng gave them very good conditions.

Qingju Technology has not raised many times, except that the A-round investment institution only took double the liquidation right.

The investment institutions in the B and C rounds both get twice the liquidation preference, as well as a 20% annual dividend.

The priority of liquidation is usually useless, it is just an inconspicuous provision on investment terms.

When the company is sold, this rule is critical.

For example, several investment institutions that entered the C round of Qingju Technology, they invested 3 million US dollars at the beginning, the priority of liquidation is 2 times, and the annual dividend is 20%.

Generally speaking, investment institutions that enter later will enjoy an earlier priority sequence when the company is sold.

Therefore, investment institutions in the C round can be the first to get back the principal and their interests when they sell.

After research by the investment institutions in the C round of Qingju Technology, they all intend to exercise the preferred liquidation rights, rather than converting their preferred shares into ordinary shares.

If only according to the algorithm that they hold common stock, several institutions in the C round can only share 3.7 million US dollars according to the selling price.

Compared with their investment cost, they only made 7000 million US dollars, which is not interesting.

But if they exercise the liquidation preference, they can get twice the liquidation amount of 3 million US dollars, which is 6 million US dollars.

In addition, there is an annual dividend of $6000 million for one year.

After all, it takes less than a year for several investment institutions to enter the C round.

Not only did I get back the principal, but I also doubled it.

So far, the investors of the C round have made a lot of money, but this still does not make them particularly satisfied.

Chen Dongcheng has always adhered to the bottom line and resolutely did not allow them to add the terms of participation in the distribution.

The so-called participation distribution clause means that these investment institutions exercise the preferential liquidation right and obtain the agreed multiple of principal and dividends.

They will convert the preferred stock they hold into the shareholding ratio of common stock, and then continue to divide the remaining value with other shareholders.