458: Chapter 458 Chizhu Winery's 300 million valuation! I'm only worth 200 million!

Chapter 458: Chizhu Wine Industry's Three Hundred Million Valuation! I'm Worth Two Hundred Million Alone!

Su Yang didn't mind having people invest in his company.

As long as he held more than 50% of the company's shares and maintained control, it was fine.

After all, he didn't really care about the company's profits!

He could make a fortune just from the salary and welfare rebates of his employees.

But he didn't want to be taken advantage of either!

Zhang Zhiyuan looked at his father, and Zhang Linghui nodded with a smile. "Young President Su isn't short of money. You'd better offer something practical!"

Zhang Zhiyuan lowered his head, thought for a moment, and said, "Our Longjiu Group has sales channels nationwide. We can help Chizhu Wine Industry build its sales channels and get chizhu's wines onto the shelves of domestic supermarkets, liquor stores, and tobacco shops. How about that?"

"That's not bad!"

Su Yang nodded in high approval.

He wasn't worried at all about the taste of his wine; he was only afraid it wouldn't sell!

It was better now with online sales, as customers all over the country could buy wine online.

But opening up offline sales channels would still take some effort!

In fact, many offline sales channels for the snacks under Jiuxiang Food had still not been opened up!

Meanwhile, Chizhu Wine Industry's offline sales channels were also trapped within Sichuan!

If they could use Longjiu Group's sales channels to distribute their products, it would save Chizhu Wine Industry a lot of money and time, and their turnover could multiply several times within a year!

Of course, he definitely wouldn't let Longjiu Group control the sales channels.

But as long as there was a force helping chizhu open up offline sales channels, Su Yang would find a way to keep those channels in his own hands!

Besides, Derong County wasn't Rongcheng; it was populated by ethnic minorities.

To be safe, Su Yang also needed to bring in the power of another large group.

Although Longjiu Group wasn't a state-owned enterprise, it had state-owned shares, and the shareholding wasn't low!

If there was pressure, they would shoulder it together!

Just like the French Fildo Group back then, which was a foreign enterprise!

Additionally, making too much money alone indeed easily invited jealousy.

His individual power was, after all, limited!

And since he was in the manufacturing and real economy sector, it was truly...

Cooperating with Longjiu Group would not only increase his own influence, but he could also do some other business with them!

"In addition, our Longjiu Group can also provide some winemaking experts!" Zhang Zhiyuan said. "Although we aren't specialized in grape wine, we still have some capabilities in research and development."

"Mhm, not bad!"

Su Yang nodded, at least feeling Longjiu Group's sincerity!

After thinking it over carefully, Zhang Zhiyuan added, "In addition, we can also help chizhu with exports, if the quality is truly outstanding!"

"That works too!"

Su Yang was also aware of Chinese liquor going global in recent years.

"Then, is President Su willing to let our Longjiu Group acquire a stake?"

"If you can really do all this, of course we're willing!" Su Yang nodded. "However, I don't quite agree with your valuation of Chizhu Wine Industry."

"How so?"

"First, the controlling stake must be mine. Second, I believe Chizhu Wine Industry should be valued at three hundred million!"

"How so?" Zhang Zhiyuan asked with a frown. "I know President Su has invested in Chizhu Wine Industry, but a valuation of one hundred million is already a bit of a premium!"

Su Yang smiled confidently. "The assets of Chizhu Wine Industry can indeed be valued at one hundred million, or maybe even a bit lower. But if you add me to the equation, it's a different story!"

Before Zhang Zhiyuan could speak, Zhang Linghui, who was sitting next to him, burst into laughter. "President Su, I really admire you!"

"You flatter me, President Zhang!"

Zhang Linghui smiled and said, "It's also because of you that I chose to invest in Chizhu Wine Industry!"

"Then the valuation..."

"Since President Su is so confident in himself, we can sign a gambling agreement!" Zhang Linghui put down his teacup and said, "Based on a three hundred million valuation, our Longjiu Group will invest one hundred and twenty million for a 40% stake in Chizhu Wine Industry. The requirement is that Chizhu Wine Industry's annual net profit must reach fifty million within three years. If that's not achieved, our company will have the right after three years to require you to buy back Longjiu Group's 40% stake based on the three hundred million valuation, plus the interest on the one hundred and twenty million over the three years, calculated at a 5% interest rate. How about that?"

Su Yang was slightly tempted!

He felt Chizhu Wine Industry was worth three hundred million, but he had to make others believe it!

A gambling agreement might indeed be the best way for both parties to cooperate!

And he certainly had the confidence to reach an annual profit of fifty million in three years!

If Chizhu Wine Industry couldn't make fifty million in profit a year after three years, he might as well jump into the Jinsha River!

Although a net profit of fifty million a year, calculated at a 10x PE ratio, would equal a valuation of five hundred million!

But the valuation he was giving now was three hundred million. Everyone knew this valuation was inflated, so the investors would definitely demand a higher profit!

Valuing it at three hundred million now and requiring it to reach five hundred million in three years wasn't too much to ask!

Moreover, Old Zhang's gambling agreement was very fair. Even if he failed, he would just have to buy back the 40% stake, and the 5% interest wasn't high either!

It was equivalent to Longjiu Group privately lending him one hundred and twenty million in capital!

Su Yang wouldn't believe it if this hadn't been influenced by the higher-ups.

After thinking for a moment, he added, "After receiving your one hundred and twenty million, I might still continue to inject capital in the future!"

Regardless of whether he would continue to put money into Chizhu Wine Industry, he had to make this clear!

"Dilution is fine, I understand!" Zhang Linghui nodded. "But the valuation is set at three hundred million, so don't calculate it based on one hundred million anymore. We might also make follow-up investments to protect our share percentage!"

"Deal!"

"Zhiyuan, what do you think?"

Zhang Linghui turned around to ask his son.

"It's fine!"

Zhang Zhiyuan nodded.

He didn't agree with Chizhu Wine Industry's three hundred million valuation, but he agreed with the gambling agreement!

This way, when he returned to the board of directors, he would have a good explanation for the other shareholders.

Even if the investment failed, they could just treat it as the group buying a large-sum certificate of deposit. Nowadays, it was hard to find a large-sum certificate of deposit with a 5% yield anyway!

They weren't afraid that Su Yang wouldn't be able to pay them back either. After all, Su Yang owned properties right under their noses!

After Su Yang finished his meal at the Zhang family residence, he received several more phone calls at the table... all of them looking to discuss cooperation, including Su Yang's old acquaintance, President Yang Jingshan!

Su Yang hadn't expected that a single Favorability Card could mobilize so many forces!

It was slightly exaggerated!

However, Su Yang would not accept Yang Jingshan's Jinfu Group.

After all, having the stronger Longjiu Group was already enough!

Jinfu Group was far inferior to Longjiu Group in every aspect!

Once they left the Zhang residence, Zhang Linghui asked his son, "What do you think of this young President Su?"

Zhang Zhiyuan thought for a moment and said, "He is much more outstanding than I was when I was young!"

Zhang Linghui said testily, "You're not old yet!"

"Alright!" Zhang Zhiyuan shrunk his neck. "I think he is indeed very good. Whether in catering or self-media, his personal abilities are strong. He also has a background, and there are people higher up speaking for him. His future is truly limitless!"

"Do you think Xiao Ying is a good match for him?"

Zhang Zhiyuan said helplessly, "Dad, Xiao Ying is only fifteen!"

Zhang Linghui whispered, "In another five years, Young President Su will be around thirty. Wouldn't that be just right?"

"I heard from the property management that this President Su has quite a few women around him!"

"Maybe in five years, this President Su will have had his fun and settle down!" Zhang Linghui looked at his son. "Just like you did!"

Zhang Zhiyuan lowered his head.

There were some things he couldn't easily say; back then, he was just a bit physically drained.

..."

After walking out of the Zhang residence, Su Yang answered Yang Jingshan's call.

He hadn't been able to talk much with Yang Jingshan earlier while eating with the two members of the Zhang family.

"President Su, what did Old Zhang want with you?"

"It was about acquiring a stake in Chizhu Wine Industry!"

"Did you reach an agreement?"

"Yes!"

"Why didn't you wait for me?"

"Who told your son to be so slow?"

Having a relatively powerful partner made Su Yang feel much more confident now.

"Uh..."

Yang Jingshan was speechless!

"Can we still join?"

"I've given up 40% of the shares and don't plan on raising any more funds!"

"40%? What's the valuation?"

"The valuation is three hundred million. They offered one hundred and twenty million, so I could hardly refuse!"

"Three hundred million!" Yang Jingshan exclaimed over the phone. "Is Old Zhang crazy?"

"That's what you call having boldness!" Su Yang couldn't help but speak up for Zhang Linghui. "That's called having a keen eye for talent!"

"How on earth did you sell a company worth seventy million at a high price of three hundred million?"

"Through a gambling agreement, of course!"

"No wonder then!"

Yang Jingshan suddenly understood.