More than half a year ago, he still had plans for financing, but now he has reduced a large amount of his stock holdings and cashed out a large sum. Although after more than half a year, he will have to buy back those stocks, the developnt of the Anjing online supermarket would have grown significantly by then, and its valuation would naturally be a different story.
Moreover, the Anjing online supermarket itself is not unprofitable. It has a strong self-sustaining capability. It’s just that the rate at which it makes money can’t keep up with its spending rate, which is why continuous investnt is needed.
This does not an that the Anjing online supermarket is not making money, or that it is incurring losses.
The losses are only on paper, not actual losses.
Before the eting with Yi Anguo, Ma Huaten had actually already communicated with other shareholders about investing in the Anjing online supermarket and basically reached a consensus.
But that was based on a valuation of the Anjing online supermarket being only $20 billion.
However, now the valuation of the Anjing online supermarket has suddenly increased to $30 billion, which changes the situation. Ma Huaten estimated that the company’s board mbers might not approve this investnt proposal.
As they left, Zhou ngdie naturally left with Yi Anguo.
"Didn’t you always say you wanted financing? Why did you reject such a great opportunity now?" Zhou ngdie couldn’t help but ask in the car.
Yi Anguo thought for a mont and said, "Before is before, and back then I just wanted to test the waters, without any strong intention to secure financing."
"In the future, financing will definitely be necessary because the company needs to go public, and financing is inevitable. But the more we delay financing, the better it is for us. Early-stage financing requires giving up too many benefits."
"Many companies seek early financing because starting a business is not easy. Many entrepreneurs have little financial foundation, with even the startup capital cobbled together from various sources. Without prompt financing, their companies simply cannot survive."
"But companies like these that finance too early, by the ti they go public, the founders often have very few shares left."
"This is detrintal to the company’s developnt, and many company founders are eventually forced to leave."
"That’s what happened with the founder of Xinglang Company; the company was controlled by capital, and the founder lost control, with no choice but to leave."
Zhou ngdie nodded and said, "The profitability of the Anjing online supermarket is actually quite good. Even without financing, it doesn’t hinder further developnt; it may just grow a bit slower."
"I think we should first actively promote the listing of Anguo Microelectronics Group, as well as Hua Xing Technology and Hua Xin International. These three companies invest a large amount into R&D every year, especially Anguo Microelectronics Group, which, despite being established most recently, has the highest financial input, not just for R&D expenses but also for the acquisition of upstream and downstream enterprises."
"The key project for Anguo Microelectronics Group is the developnt of advanced lithography machines, which requires not only significant investnt but also involves high risks. It’s quite possible that despite large investnts, it will take a long ti to see results, let alone achieving profitability, which might be far off."
"If we can get Anguo Microelectronics Group listed, it would greatly alleviate the risk for our entire group."
"Our Anguo Microelectronics Group wants to develop the most advanced lithography machines, but that’s hard to do without bypassing those international patents."
"I’ve also looked into the advanced technology of lithography machines, and it might take us 10 years to catch up. In those 10 years, we might need to invest several hundred billion dollars. If we can eventually catch up with the world’s most advanced lithography technology, that would be great and worthwhile. But if we still fall behind, the cost will be enormous."
Yi Anguo nodded and said, "I know you’re right, but so things just have to be done. It’s a matter of doing what one can."
"If we don’t engage in R&D, we will be at the rcy of others. Whenever they are unhappy, they could block us, which would be frustrating and uncomfortable."
"However, you’re also right; we can push Anguo Microelectronics Group to go public for financing to share the risk and financial pressure."
"Hua Xin International can also go public for financing, but Hua Xing Technology doesn’t need to rush for an IPO because it’s our wholly owned enterprise, unlike Hua Xin International and Anguo Microelectronics Group, which both have equity participation from Shenzhen’s state-owned capital and so other shareholders, and eventually have to go the financing and listing route."
"In the future, there will be many companies under the Anguo Group that will follow the path of financing and public listing, including the Anjing online supermarket, Anjing logistics, Anjing takeaway, Anguo Property, Anjing video, and Anjing literature."
"We should first list the Anguo Microelectronics Group to accumulate so experience in company listings."
Zhou ngdie nodded and brought up the company’s annual audit, especially the financial audit.
The group arranged for the financial accounting departnt to conduct a uniform financial audit on all departnts and subsidiaries, uncovering many problems, so of which were very serious.
According to Yi Anguo’s instructions, all company managent personnel involved in corruption were to be severely punished upon discovery, and those involved in criminal offenses were to be reported to the police imdiately.
"Is there any issue?" Yi Anguo asked, noticing Zhou ngdie’s hesitation.
"It involves so people who are your relatives and friends," Zhou ngdie said after a mont of silence.
"Explain the specific situation," Yi Anguo said coldly.
"The manager of the Anjing Century Center branch of Anguo Property Company in the Fujian district, Ding Dahai, is suspected of embezzling and misappropriating company funds, totaling three million yuan, which is enough to report to the police," Zhou ngdie said.
"Ding Dahai? Do I know him? What’s his relation to ?" Yi Anguo asked, a bit confused.
"Ding Dahai is the uncle of Vice President Ding Jing, Sister Ding!" Zhou ngdie replied.
"Embezzling three million? Just because he’s Ding Jing’s uncle? Does Ding Jing know?" Yi Anguo furrowed his brows, a bit troubled.
"I haven’t told Sister Ding Jing yet," Zhou ngdie shook her head and said.
"Hmm! Who else involved with is embezzling and misappropriating company funds?" Yi Anguo asked again.
"Also, there’s Hua Xing Technology Company..."
...
Zhou ngdie then ntioned several other people related to Yi Anguo, many of whom he has never even heard of, let alone known.
However, after Zhou ngdie revealed their connections, he couldn’t deny that these people indeed had ties with him.
But having connections doesn’t an they can do whatever they want in the company, acting lawless and embezzling public funds.
If you’re really in a difficult situation and urgently need money, you can directly tell . I am not soone who wouldn’t lend a helping hand or understand human relations.
As long as you ask, being related, I will surely help you sohow, give you so money to help with your living difficulties.
But to directly embezzle company funds just tarnishes my reputation, isn’t it?
And it’s not even a small amount you’re embezzling; if it’s just tens of thousands, or hundreds of thousands, I’d just turn a blind eye, let it go, not bother with it, and probably just fire you.
But embezzling a few million at a ti, isn’t that too much? I owe you nothing!
Letting you work in the company with decent pay and comfortable work, how could you still be unsatisfied?
Yi Anguo felt increasingly uncomfortable and angry as he listened, wondering if these people truly forgot his kindness and repaid his good deeds with enmity?
No wonder they say it’s better to give or lend money directly to relatives rather than let them work at your factory or company. No matter how high a salary you offer, they’re never satisfied, always thinking it’s a matter of course, believing you earn too much and give too little to them.
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