Wandering the world of film and television begins with the golden years
Chapter 116 The Diamond Landlord
Li Haoyu calmed Jiang Nansun and Yuan Yuan down.
He could now travel with peace of mind to Shenzhen and sign a contract with Tengda Group.
Inside a private club in Shanghai.
"Welcome, please have a seat."
Upon seeing Li Haoyu walk in, Yu Sheng greeted him warmly.
"Mr. Yu, you're too kind," Li Haoyu said in thanks.
Seeing such a grand display, Li Haoyu was also a little unaccustomed to it.
"Let's have dinner first, and we can discuss the contract details later."
Mr. Yu poured himself a glass of wine, speaking in a gentle tone.
Looking at the young man before him, Yu Sheng wondered who he was, the head of a company. He was so young, his future was limitless; it was truly unimaginable how far he could go.
Seeing Li Haoyu achieve so much at such a young age is truly remarkable.
Yu Sheng couldn't help but feel a sense of melancholy, like Lian Po, who had grown old.
As an investment manager, he has seen countless people over the years.
However, Li Haoyu still exceeded his expectations, which made Yu Sheng, who was sitting at the dinner table, feel that "the most outstanding figures are those of today".
Li Haoyu also sat down and ate a few bites of the dishes. As expected of state banquet dishes, the taste was really good.
While eating, Yu Sheng casually asked, "Now that the funding is in place, has the development direction of HaoTuan been decided?"
Li Haoyu humbly replied, "We'll just have to feel our way across the river. There are still many things I'll need to ask you for advice on, Mr. Yu."
Yu Sheng replied confidently, "I wouldn't dare accept that. When it comes to figuring out how the group should proceed, no one knows better than you. You are the soul of the company. ♬💢 💘♧"
Hearing Yu Sheng's praise, Li Haoyu felt unusually guilty. If it weren't for the on-site template he had to refer to, he wouldn't understand the development of Hammer Technology.
After exchanging pleasantries and enjoying a hearty meal, Yu Sheng steered the conversation back to the core issue.
"Both parties have reached an agreement on the financing amount. Is there anything else that needs to be added to this financing agreement?"
We've finally gotten to the point!
Li Haoyu put down his chopsticks and said seriously, "After a thorough discussion with President Yu, I agree with Tengda's open and cooperative investment philosophy, and I have no objection to the amount of financing. It is truly a sincere offer."
Upon hearing this, Yu Sheng's face lit up with joy.
There shouldn't be any major setbacks in this signing.
"Regarding the contract, I only have one point to add. I would like to add a dual-class share structure to separate profit-sharing rights from voting rights, thereby ensuring my absolute control over the development of the company."
After speaking, Li Haoyu looked at Yu Sheng seriously, as he needed to confirm his control over the company.
Although Tengda Investment has a good reputation, if one relies solely on it, they may be devoured by capital without leaving even a bone.
Financing is fine, but control cannot be lost, otherwise all his efforts will have been in vain.
Upon hearing Li Haoyu's words, Yu Sheng's eyes flashed with an expression that said, "I knew it."
The letter of intent for the previous financing had already been signed, but Li Haoyu kept delaying the formal signing. It turned out that this was what was waiting for him.
Looking at this young man who was full of ideas.
A big question mark couldn't help but appear in Yu Sheng's mind: Is this really a young man starting his first business?
In his memory, once young people of this age successfully raise funds, they are all overjoyed and eager to sign the contract immediately, finishing the deal with a stroke of the pen.
What's the point of even talking?
Having the money in hand is more important than anything else!
Can corporate control be used like money?
But what he saw before him shattered his preconceived notions. ♬💢 💘♧
…………
A meal is clearly not enough time for business negotiations.
However, negotiations are actually most efficient when held at a domestic dinner table.
What is the most difficult aspect of negotiation?
The hardest step is often getting people to the dinner table.
If you can get a dinner invitation, the matter is more than half settled.
Moreover, both Li Haoyu and Yu Sheng were very keen to cooperate. Only some details needed to be negotiated, but everything went smoothly afterward.
After the interview, Li Haoyu was put up in a five-star hotel. The bed was large and soft, and Li Haoyu lay on it alone.
He couldn't help but think of Jiang Nansun and Yuan Yuan, but unfortunately, neither of them were by his side. If they were, he would be overjoyed.
Just as he was lost in his fantasies...
……
On his way home, Yu Sheng watched the street scenes flash by and suddenly exclaimed, "A brand new platform is about to emerge."
"Hmm?" The assistant sitting next to him put down the financing agreement in his hand. "Mr. Yu, are you talking about a good group?"
"Haven't you realized? Group buying is just the beginning; the platform is HaoTuan's next target for development."
"With the slowdown in online traffic growth and the increasing cost of customer acquisition, internet companies are in urgent need of finding new growth drivers. The high frequency and essential nature of group buying will make it a highly sought-after opportunity."
After the interview, Yu Sheng recalled his conversation with Xiao Ma and suddenly understood the key point.
"Doesn't this create another potential competitor?"
The assistant was puzzled. Wasn't this aiding the enemy?
"Then can we set up another group-buying department?" Yu Sheng said sternly. "This is an open strategy. No one can make all the money, and you should never try to earn the last penny."
The assistant listened in silence, seemingly understanding something.
.........
Li Haoyu and Yu Sheng held several more rounds of discussions.
Through continuous compromises between the two sides, the final terms were finally agreed upon.
In the HaoTuan meeting room, both parties' legal departments reviewed the contract.
Two thick stacks of financing contracts were placed in front of Li Haoyu and Yu Sheng.
"This is the final version. Once everyone has checked it, you can complete the signing."
"Okay, there's no problem."
Li Haoyu opened the final version; the specific content had already been confirmed, only supplementary agreements had been added.
Simply put, good deals are divided into categories A and B.
Class B shares typically have one vote per share, while Class A shares have ten votes per share. This is known as a dual-class share structure.
Although Li Haoyu's equity stake was less than 40% after dilution, he held a 75% voting right, firmly controlling the company.
Of course, the contract also stipulated Li Haoyu's rights to a certain extent.
One is the clause concerning personal attributes:
This means that only shares held by Li Haoyu himself have "super voting rights". Once the founder sells the shares to others, those shares are automatically converted into ordinary shares and no longer have "super voting rights".
This eliminated the possibility of hereditary succession, but Li Haoyu didn't care about it. He had planned to find a professional manager to take over in the future anyway.
Moreover, he believes in one saying:
If my descendants are like me, what's the point of leaving them money?
If my descendants are not as good as me, what's the point of leaving them money?
If you have money, wouldn't it be better to set up a family trust fund? That way, even if he leaves this world, his children can still receive a good education and basic security.
The other is the "sunset clause":
Li Haoyu's "super voting rights" are valid for 30 years, after which they will automatically expire.
This doesn't matter at all; thirty years is enough time for him to create several more companies like Meituan.
And as a reward:
He can receive $50 million in cash from Tenda Group.
What does fifty million US dollars mean?
In Shanghai today, one million yuan can buy an apartment of more than 80 square meters. If you take all fifty million US dollars to buy a house...
Hundreds of properties, ten years from now.
He's definitely a diamond landlord.
.........
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