Confessions of an Investor The meeting can t be stopped, the project is stopped

Mondo Finance Updated on 2024-02-01

Author: Brother Xing, who counts the stars.

Dr. Li used to be an investment manager of a waist market-oriented institution, and he stayed in a daze for a few years, seeing that it was Wang Xiaoer's New Year, and every year was not as good as the year. So he hurriedly ran away with a bucket and went ashore on a state-owned platform.

However, when he first arrived at the state-owned assets, he felt a big difference from his previous market-oriented institutions.

For example, at the monthly work meeting, the chairman emphasized this:

Dear colleagues, Our state-owned investment platform should deeply implement the spirit of the ZY Financial Work Conference and adhere to the fundamental purpose of providing financial services to the real economy. It is necessary to be the main force serving the real economy and maintaining the ballast stone of financial stability. In the future, investment should be 'political' and 'people's'Whatever the country needs, we will vote for. In particular, it is necessary to do a good job in attracting investment and serving local industries.

Project Workshops.

This was the first project discussion that Dr. Li participated in, and in order to make a good impression on the leadership, he came up with a project at the bottom of the box:

This AIGC project is very good, X-Fir Capital and X-Ling Capital are scrambling for quotas, benchmarking the same type of enterprises, and after being listed on Hong Kong stocks and U.S. stocks in the future, it is expected to have 10 times + returns. ”

After Dr. Li finished his report, he did not expect that the leader smiled noncommittally and announced the dismissal of the meeting.

After the meeting, the leader called Dr. Li aside:

"Xiao Li, your work attitude during this period is very positive, which is very good. But to focus on the working method, our state-owned platform is different from your previous market-oriented institutions, you have to carefully understand. First of all, it is necessary to change our thinking and put 'politics' and 'people's nature' on the table. The AIGC industry lacks a local industrial base. The chairman of the board of directors requested that the focus of this year's work is to be based on the local area and expand the attraction.

Project initiation meeting. Dr. Li is worthy of Dr. Li, and soon, he figured out the routine of state-owned assets, got an early hard technology project, and could cooperate with the completion of investment promotion, but the founder's appeal was only one:

Be quick!

On this day, after several hours of discussion, the project finally passed the project approval process.

Next, the head of the investment department began to arrange the division of tasks.

This project is led by Xiao Li and organized by the project team, co-organized by Xiao Lin and Xiao Wang. ”

Xiao Wang, accountants, lawyers, and asset appraisers should organize bidding and selection. ”

Leader, this project is relatively early, the financing pace is relatively fast, and the total investment amount is not large, can we organize due diligence on our own? Dr. Lee was a little anxious.

"Xiao Li, the investment matter is not in a hurry, our state-owned assets platform is responsible for the country's money, you own due diligence project, in case of mistakes, can you afford this responsibility." ”

Risk Review Meeting.

A month later, at Dr. Li's urging, the accountant, lawyer, and appraiser finally gave the first draft of the third-party report.

Next, in accordance with the procedure, a project risk assessment meeting will be held based on the due diligence conclusions given in these first drafts.

At the meeting, the first person to speak was the company's risk control manager

I see that the appraisal price given by the appraiser in the first draft is 500 million, Dr. Li, do you think the current valuation of 600 million yuan is reasonable? ”

Is there a risk of loss of state-owned assets? ”

But this round of market-oriented institutions is talking, and they also recognize this valuation," Dr. Li retorted.

Does a market-oriented institution have to be professional? We can't be superstitious about other institutions, and our state-owned assets must be responsible for state-owned assets", and the risk control is a little unhappy.

Is there a buyback of the actual controller of the investment terms? Does the actual controller have the ability to repurchase? Have you investigated your personal assets? Can I cover the principal amount invested? Risk control further asked.

Dr. Li scratched his head: "It should not be enough to repurchase the principal of all rounds of investment institutions." ”

Then our state-owned funds are still at risk, are there any other credit enhancement measures? Risk control continued to ask.

Looking at Dr. Li, who was a little speechless, the risk control manager also kindly gave a solution:

"In this way, you go and talk, let the actual controller mortgage the personal real estate to us first, and the state-owned assets cannot be lost. ”

Pre-trial meeting. Finally, Dr. Li, who was anxious, finally persuaded the risk control not to add the mortgaged property of the actual controller to the investment agreement after reasoning with the facts again and again. Fortunately, the exhausted founders of the company also agreed to reduce the valuation to 500 million, and only asked Dr. Li to push the meeting as soon as possible.

After three months of hard work, the project finally moved forward to the pre-trial meeting.

In order to fire the first shot, Dr. Li was fully prepared, after all, the success or failure of this project will be related to his position in the eyes of the leadership.

After several hours of arguing with each other, Dr. Li calmly and calmly resolved all kinds of tricky problems of the committee members one by one.

Eventually, the venue fell silent.

The general manager of the company presiding over the meeting looked at the venue and said, "What questions do the departments have about this project?" If not, we're here. ”

If nothing else, the pre-trial meeting will be over.

However, if nothing else, it was impossible, and the president of the union, who had been silent on the side, raised his hand:

"It doesn't seem like the company has a union yet? How to ensure the rights and interests of employees? How to reflect the people's nature of investment? The establishment of a trade union should be included in the terms of the agreement. ”

Vote for the meeting. Finally, the key terms of the investment agreement have been determined, and it is now the turn of the project's investment decision.

But the wait is only a month.

The reason is very simple: the chairman is busy with affairs and can only wait.

finally got up to the scheduled meeting time, and the chairman went to the province to study again, and this time, he went out for more than a week.

After a long wait, Dr. Li finally looked forward to the stars and the moon, and finally looked forward to the voting meeting.

The meeting itself was quiet, and after a while, the general manager was ready to announce the end of the meeting.

Slow" the chairman signaled that he had something to say:

"Dr. Li, you said that this project can be implemented. However, I listened to your report, and there was no mention of specific measures to ensure the implementation of the project. The company's previous landing projects all require that 'the enterprise and the county to be settled sign the "Project Cooperation Agreement" in the precondition for investment delivery. ”

Chairman, as far as I know, it will take a long time for the company to sign the "Project Cooperation Agreement" with **, which may delay our financing progress. ”

"Xiao Li, our state-owned assets platform invests, not only to maintain and increase the value of state-owned assets, but also to complete the task of attracting industries assigned by the city leaders, and to invest in good companies and good enterprises. So it's not enough to just make a good investment, but also to think about how it will help our local industry, if it doesn't help, then the urgency and necessity of this investment will have to be put back. ”

Epilogue...Another two months passed.

On this day, Dr. Li received a call from Mr. Wang, the founder of the company.

Mr. Li, how is the process going over there? ”

"Mr. Wang, I know you are in a hurry, but don't be in a hurry, this matter is not in a hurry. ”

Mr. Li, I'm in a hurry, I've been waiting for you for more than half a year, I have met all your requirements, and the "Project Cooperation Agreement" has also been signed, please give me a letter. ”

"Mr. Wang, if you insist on it, we will go to the party committee office meeting next week, and then there will be the appointment of director candidates for the review meeting, and then there will be.

Doodle. Hey, Mr. Wang, Mr. Wang, why don't you speak. Hey, Mr. Wang.

Then, I only heard a noisy voice from the other end, and I vaguely heard someone shouting:

"Mr. Wang fainted, call 120! ”

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