Chapter 622: Billions, billions, so much that you can’t spend them all in your lifetime!
For a company , one must control 67%, or more than two-thirds of the shares, to have absolute controlling rights.
Given MiHoYo's profit level, a one-time payment of tens of millions of dollars would be enough to solve its current predicament.
so.
The original plan of the three major shareholders, Cai Haoyu, Liu Wei and Luo Yuhao, was to transfer a maximum of 10% of their shares, preferably within 5%.
Because the total share capital of a listed company's IPO is less than 400 million shares, at least 25% of the shares must be issued to the public. If it exceeds 400 million shares, at least 10% must be issued.
The original shares will be diluted in equal proportion.
If the transferred proportion exceeds 10.56%, after Mihoyo goes public, even if calculated according to the lowest dilution ratio, the three major shareholders Cai Haoyu, Liu Wei and Luo Yuhao will no longer have absolute controlling rights.
Unable to pass or veto major company decisions with three votes.
This adds unpredictable risks out of thin air.
If you are not careful, you will be swallowed up skin and bones by oligarchs from the same industry or even across industries, without even a drop of blood left.
“I see…”
Xing Dao had no idea what was going on. He listened to Cai Haoyu's explanation for a long time before he understood: "Boss Cai, I heard that there is a way to not participate in decision-making, but only participate in dividends... I don't know how to make any decisions, nor do I want to, and I'm not interested in making any decisions. I just want to support our company as an old player. You don't need to give me the decision-making power."
Cai Haoyu, Liu Wei and Luo Yuhao gathered together after receiving the news.
Seeing Xing Dao say this.
After a brief discussion, the decision was made.
You certainly can't give up too much actual controlling rights, but if you just want to enjoy the dividends, you don't need to worry about it.
Cai Haoyu responded on behalf of the other two founders: "If you really want to invest 100 million yuan, give up the decision-making power and only take the dividends, there is no problem."
"The contract is set out like this. When the first 50 million arrives, we will transfer 15% of the shares to you. The subsequent additional shares will be calculated at two-thirds. That is, when the 50 million arrives at the end of the year, we will transfer another 10% of the shares to you, for a total of 25%."
"But there is one thing I want to make clear first. Dividends are not calculated based on net income. We also need to deduct the subsequent investments that must be made... Of course, we will definitely make a detailed form of the specific investment situation and send it to you. You also need to hire professionals to supervise it."
The first 50 million is to solve the current difficulties.
The second 50 million is just in case.
After all, miHoYo has invested too much in its latest open-world adventure game, and after suffering a series of setbacks, it can no longer take other risks.
Moreover, even if the second 50 million is not used in the production of the new game, it doesn’t matter.
——Spend it on publicity!
This is no longer the era where good wine needs no bush. Any game will not achieve good results without adequate promotion.
The extra money can be used for advertising, buying trending searches, hiring big anchors, doing lucky draws, etc., etc. There is no need to worry about not being able to spend all the money, and there is no need to worry about the money spent not having any effect.
"No problem, I'll be there as soon as the plane lands." Xing Dao agreed immediately.
"Okay, then I wish us a happy cooperation in advance!" Cai Haoyu said this and made a little joke: "The contract is successfully signed. Brother Jie, you are the second largest shareholder of our company. I should call you Mr. Xing from now on."
"I wish us a pleasant cooperation in advance!" Xing Dao was a little impatient.
While boarding the bus to Hong Kong International Airport, Xing Dao contacted three law firms in advance to help review the contract to prevent any unexpected situations.
Just returned to base.
Xing Dao took half a day off and went out.
He put all the after-tax gambling wages, the share of the S6 champion skins, the signing fee for the re-signing of the contract, the monthly salary and bonus for the past six months, and the three million borrowed from the factory manager and A Shui into it.
It’s just all in!
Mala Xiangguo dares, and Xing Dao dares too!
"Welcome Mr. Xing to join miHoYo!"
More than three hours later, after making some minor changes, mainly adding a clause that Xing Dao would not bear joint and several liability, Cai Haoyu signed his name on the contract, stamped his official and private seals, and took the initiative to extend his right hand: "Mr. Xing, you can appoint financial, operational, and R&D personnel to supervise the whereabouts of the funds, but it cannot affect the existing process."
"No problem !" Xing Dao shook hands and joked, "By the way, Mr. Cai, who will pay for the salaries of these people? I don't have any money. I have to share the takeaway with my teammates."
"Hahaha, the company will pay for it, and the money will be transferred to your card, Mr. Xing, every month!" Cai Haoyu smiled very happily.
The details are also well done.
If the company pays directly, there is a possibility of bribery, and if any omissions occur, there will be no way to explain it.
It is safer to transfer the money to Xing Dao's card and then have Xing Dao pay it out.
As for whether you should hold shares individually or set up a company to hold shares, it doesn't really matter as long as you enjoy dividends.
Not to mention Xing Dao.
Don't be fooled by his calm expression.
In fact, my heart almost jumped out of my chest.
You have obtained 15% of the shares, and you can get another 10% by adding 50 million at the end of the year. What does it mean?
Damn, after miHoYo launched Genshin Impact, its annual net profit can reach more than 15 billion!
What?
Saying that money is just a number when it reaches a certain level?
Xing Dao received a big contract with a signing fee and salary totaling 50 million, and he really treated the nine-digit number offered by North American TL as a number.
Even though the price difference is as much as double, I have never thought of going to North America to use technology to help alleviate poverty.
But this time, it’s eleven digits!
Eleven!
After deducting subsequent investments, it is estimated that the company can get 20 to 30 billion yuan, and this is distributed every year. It is a hen that lays golden eggs!
With such a large sum of money in front of you, it would take a strong mental strength to not collapse in your chair!
After declining the invitation to have dinner together, Xing Dao returned to the EDG base. He was still in an excited state. When playing against his 900-point sub-account in the Korean server, he only chose strong heroes and defeated his opponents three times in a row.
The most outrageous game was when Skateboard Shoes blocked the fountain for 17 minutes, fighting four opponents at once!
This caused a wave of discussion on Tieba.
"Brothers, hurry to the live broadcast room and watch. Brother Jie is killing like crazy!"
"Wow, is this Brother Jie's full firepower mode? Even the 1,000-point champion in the Korean server can't keep his balance."
"I wasn't this fierce before..."
"Jie used to play Ranked games with the heroes he used in the game, and he often practiced laning with heroes that were countered. I don't know what stimulated him this time, but he always countered the opponent."
"Is it to prepare for the Asian Games and to give the Koreans a heads-up?"
"It's possible, go and check it out!"
…
The South Korean team, which was gathering together for training, also learned about this incident through outside sources.
I quickly opened the OP.GG website to check my results.
"Akali, Lucian, Skateboard Shoes, I picked Fiora this time..."
KkOma, who took on the responsibility of head coach, watched each game and frowned deeply: "Is General deliberately showing off his hero pool? Telling us that he can still play AD top lane and Wushuang Fiora, so that we should be careful?"
