Restart 2008: Start the counterattack by saving the stunning female teacher

Chapter 905: Setting up an investment company

It couldn't be blamed on Ge Weimin for being too exaggerated. All the executives in the conference room looked at each other, and many of them were dumbfounded at Su Yang's asking price.

For 15 percent of the shares, Su Yang wants 3 billion!

That means that the current valuation of Jitu Express in Su Yang is at least 20 billion!

A company that was established less than two years ago is valued at 20 billion.

If calculated based on the valuation of Jitu Express, it would have to make at least 2 billion yuan a year before people would be willing to invest in this business.

The PE that can be given to Jitu Express is ten times, which is already its limit.

Even if it is respect for the heavy manpower industry...

Su Yang sighed. Hearing Ge Weimin shouting and yelling, it was obvious that he had never seen the world.

"Mr. Ge, how many shares to release is my problem, and how much money you want to raise is also my problem."

"Whether someone is willing to invest is a matter for investors, not for Huada Fund to consider."

"There's a reason why the valuation is 20 billion!"

Ge Weimin calmed himself down and smiled bitterly.

"Mr. Su, please forgive me for being blunt, but what is the annual profit of Jitu Express now?"

Su Yang smiled slightly. He knew what Ge Weimin meant as soon as he opened his mouth.

"More than 200 million. By the end of this year, it will be around 360 to 370 million..."

Ge Weimin sighed.

"Boss Su, investors are not fools. You are a company with a profit of 200 million, and you are asking for a valuation of 20 billion!"

"Excuse me, the current valuation of Jitu Express at 3 billion is very reasonable!"

"Your 15% stake is worth at most 400 to 500 million..."

Su Yang sneered: "Boss Ge, this is just a blind spot for you."

“Your ten-fold valuation is calculated based on the innovative traditional industry, but Jitu Express is not a traditional express delivery company!”

Ge Weimin was confused.

Not only him, but all the senior executives in the Huada Fund office were stunned.

Su Yang smiled and said: "We, Jitu Express, are an Internet company!"

“An Internet company wants 30 or 40 times your PE. Is that too much?”

"My profit of 360-700 million, rounded to 400 million, 50 times PE is 20 billion!"

Ge Weimin was stunned.

Three hundred and sixty or seventy million, rounded up to four hundred million?

Thirty or forty times PE, rounded up to fifty times PE?

According to Su Yang's algorithm, after rounding off, it would go straight to 50 billion!

"Boss Su, you can't be so unreasonable!"

Currently, the top Internet companies in China can only be given a PE ratio of 50 times.

To put it bluntly, what is the basis for Jitu Express' success?

Su Yang smiled slightly: "Once the price is set, there will naturally be people who know the value of the product. My profit this year is indeed only over 300 million, but don't forget that I didn't even make 100 million last year."

"Can you guarantee that my profit next year won't reach 700 million or 800 million?"

"By then, even if the PE ratio is 30 times, it will be more than 20 billion..."

"Buy it early or late, what's the difference? Buy it early and enjoy it early. It's great value for money..."

"Besides, you're just getting excited here. I haven't even told you what I want these three billion for."

There was not much expression on Ge Weimin's face. He was completely defenseless against Su Yang, a guy who didn't play by the rules.

The senior executives of Huada Fund nearby were also whispering. No one had expected that Mr. Su, the investor of Huada Fund who had just made a huge profit of 450 million yuan, was actually such a person.

This is the first time many people have dealt with Su Yang.

But no matter what Jitu Express wants the 3 billion yuan for, they are clear about one thing.

That means no one will give 3 billion to Jitu Express.

No matter how many investors or investment institutions there are, it won’t work…

Unless the sun rises from the west...

Su Yang didn't care about Ge Weimin's reaction, but continued: "Jitu Express wants 3 billion to acquire Huagang Logistics and Yiwangtong Logistics."

Ge Weimin was stunned.

China-Hong Kong Logistics is a listed company, and Jitu Express has not yet gone public. Why does it want to acquire a listed company first?

Is this a plan to go public through a backdoor listing?

But that's not right. Su Yang just said that there is a plan to go public within three years. But if he acquires China Port Logistics, wouldn't he be able to go public directly?

Su Yang said: "After acquiring Huagang Logistics, we will start the delisting plan to make Huagang Logistics disappear from Dongjiang Province, and ensure that Jitu Express will become the only listed company in Dongjiang Province that specializes in logistics technology and smart warehousing!"

Ge Weimin was confused.

Just to grab such a name, you want to acquire China Port Logistics?

As for Yiwangtong Logistics, he had heard of it after being in Dongjiang Province for so long. After all, the scale of Yiwangtong Logistics was larger than that of Jitu Express. Chairman Shen Yi had already established Yiwangtong Logistics in several provinces.

If an acquisition is to take place, it would be more reasonable for Yitong Logistics to acquire Jitu Express.

Now Su Yang wants to acquire Yiwangtong Logistics for 3 billion. Isn't this going against Tiangang?

Why are Mr. Su's ideas always so special...

Su Yang thought for a moment and said, "That's probably all I have to say. I hope Mr. Ge will not miss the point when he looks for investors."

"We are not a logistics company, we are a technology company. We want money to acquire China Port Logistics and OneNet Logistics!"

Ge Weimin scratched his head for a long time but was unable to speak.

After a long silence, he could only sigh and say, "Okay, Mr. Su, I'll try my best, but your price is really..."

He swallowed his words back halfway through.

Well, this may just be Party A's willfulness...

He tried his best to help Su Yang to bring them together, but he felt it was not important whether it would succeed or not.

If Su Yang were to repeat these words to the investors of these investment companies verbatim, he would not be scolded, which would definitely be because the other party is well-mannered.

But who can blame Su Yang for being the second largest shareholder of Huada Fund? They are all family members, so it’s embarrassing. What if a fool invests?

"What about the second thing?"

Ge Weimin spoke immediately afterwards, for he was afraid that Su Yang would give an outrageous valuation to Songjiang Construction or Susutong Logistics and ask him to find investors.

This kind of embarrassing thing, once is enough.

Su Yang smiled again: "The second thing is also very simple. Please send a few people to me, Mr. Ge. I want to set up an investment company for fun, mainly investing in stocks and doing venture capital..."

“I think there are quite a few start-up companies with great potential!”

"But you know, I don't have the time to talk to them about investment, so I want to set up an investment company."

"The headquarters should be in Jiangcheng, and the offices should be set up in Lin'an, Beijing, Shanghai, Shenzhen, and Guangzhou..."

Ge Weimin breathed a sigh of relief. Setting up an investment company was a simple matter.

"Then Mr. Su, do you need me to help you sort out the companies with potential in various industries?"

Su Yang shook his head: "No, there is no need for investment research, data analysis, or industry research..."