Fake Husband of the Glamorous CEO-Chapter 245: Getting Something for Nothing
At Xu Dong’s Night Sum Club.
In his perennial VIP Room 888, where he entertained honored guests.
A CEO had specially crafted a golden Pixiu and placed it on the dining table.
Xu Dong, unfazed, smoked his cigarette and, with his legs crossed, looked at the obsequious CEO and wondered, "I remember your Lafang Company only produces shampoo, right? Why are you thinking of venturing into cosmetics?"
The CEO who gifted him the golden Pixiu was none other than Mr. Wen, the chairman of the domestic Lafang Group.
He smiled and said, "As for technology, currently, the five hottest cosmetics companies in the country also don’t have their own technology, yet they’re still profiting handsomely."
Xu Dong laughed.
The other CEOs sitting beside him also laughed.
These individuals were entrepreneurs specifically looking to expand in Jiangcheng, all significant capital holders with the status of chamber of commerce chairman from Xu Dong’s native place.
Having heard that Xu Dong’s wife made his life in Jiangcheng smooth sailing, these CEOs brought their money over, seeing Xu Dong as their fellow townsman who could speak for them in Jiangcheng.
Xu Dong also held the position of vice-chairman of their native chamber of commerce.
Tonight, they followed Xu Dong’s interest, planning for a major project!
Xu Dong had mentioned on the phone, "The Night Sum Club earns too little in a year. Thanks to my wife, there’s a big project that requires a lot of investment, but the returns could be in the tens of billions. If you’re interested, you could visit tonight."
This set the stage for the current scene.
Of all the CEOs who came to meet Lin Qin, Mr. Wen of Lafang Group appeared the most sincere.
When he heard that Xu Dong had invited him to the top private room in Jiangcheng for drinks and singing, he showed up.
Moreover, he brought along the golden Pixiu as a gift for Xu Dong, fully prepared for the project.
Xu Dong was quite pleased with this gift.
A billionaire CEO, both giving gifts and showing deference, significantly boosted Xu Dong’s presence in front of his fellow townsmen and demonstrated his clout in the Jiangcheng community!
Xu Dong got up and offered Mr. Wen a cigarette.
The latter quickly took it with respect, and once Xu Dong sat down, crossing his legs again, he said, "Mr. Wen, you must also be aware of how high Meiyue Group’s standards are. To become a subsidiary and earn money, there’s a price to pay."
"I know," Mr. Wen said with a smile, "the previous five companies each relinquished more than 40% of their shares. Our group can give up to 60% of our shares!"
Xu Dong: "Then you should be aware that this remaining 40% will have to be split with us."
Mr. Wen evidently did all his homework and stated, "I’ve already paid out of my own pocket to privatize all shares of the company. If Mr. Xu, you can secure us a slot, I can take just 12% of the remaining 40% of the shares, and offer the other 28% to Mr. Xu!"
Do you think he’s foolish?
Lafang’s current market value is only about RMB 2 billion.
For this self-rescue, he used all the savings he had collected since the establishment of the group to buy back the shares from all shareholders.
Even if he was left with only 12% of the shares, if he could secure a deal with the technology support from Meiyue Group, that would be enough for a turnaround!
Look at those five cosmetics companies.
Bolaiya’s market value jumped from an initial RMB 400 billion to seven times that, now heading towards RMB 300 billion.
After several dilutions, its chairman still holds less than 10% of the shares, now worth RMB 30 billion!
Compared to his prior net worth of RMB 17 billion, it’s almost doubled!
Mr. Wen’s entire worth is currently just under RMB 30 billion.
If he succeeds in this collaboration, relying on this 12% of shares, he could increase his net worth by more than tenfold!
It’s not that other CEOs lack sincerity, but Mr. Wen is more audacious.
He even privately financed the privatization of the group and then gave it away to secure this cooperation!
That’s quite bold!
Xu Dong was pretty satisfied.
He continued to inquire, "Mr. Wen, you understand business operations better than I do. You must be aware of the subsequent capital inputs needed after obtaining the license, right? To be honest, by using your savings to buy back shares from other shareholders, the subsequent investments..."
Mr. Wen smiled and said, "Don’t worry about the subsequent money, Mr. Xu. Once we get the slot, plenty of banks are willing to offer us loans."
At worst, he was willing to sell 2% of the equity to investment banks!
Once they secured the slot, investment banks wouldn’t value his equity at a mere RMB 2 billion, but at a bare minimum of RMB 100 billion!
"Great!" Xu Dong raised his glass, and the two men happily clinked glasses and downed them.
He then turned to the fellow townsmen, smiling and asking, "What do you think? Are you interested in investing?"
After hearing the exchange between the two CEOs, the fellow businessmen from the chamber of commerce were immensely excited.
"Mr. Xu, so what do you suggest? We are very interested!"
Xu Dong flicked his cigarette butt and said with a laugh, "I want 13% of the shares for absolute control, the remaining 15% of the shares you guys will split. However, the condition is, we don’t know how much more capital will be needed for subsequent operations. What I mean is, you take this 15% of shares and continue to invest along with Mr. Wen. I won’t spend a penny!"
The three rich businessmen from Xu Dong’s hometown looked at each other.
They evaluated the value of these 15% of shares.
Then, to facilitate the negotiation of this project, Mr. Wen added, "I recall Bolaiya’s marketing and advertising expenses for four months were less than RMB 3 billion."
The three tycoons’ eyes lit up.
They each poured themselves a drink, then stood up and respectfully toasted Xu Dong: "Mr. Xu, happy cooperation!"
Xu Dong grinned widely and clinked glasses with them: "Happy cooperation!"
Afterward, the three wealthy newcomers signaled their assistants to come in.
Carrying numerous luxury gift packages, including limited edition designer bags and top-end sports car keys, they placed them all on the dining table, chuckling, "These are a little sincerity on behalf of our fellow townspeople, for your wife, Mr. Xu."
"Very well, very well. I indeed need to go and confirm this matter with my wife, and these gifts will come in handy," Xu Dong laughed heartily, picking up his glass again: "Let’s go for one, hoping our project smoothly succeeds!"
The four raised their glasses: "Here’s to Mr. Xu!"
