Becoming a Russian Oligarch After Rebirth -
Chapter 215: One More Refreshing Than the Other_1
Chapter 215: Chapter 215: One More Refreshing Than the Other_1
No matter how many excuses he looked for, Wang Ye always had his own "bottom line".
He wouldn’t stop his compatriots who wanted to gamble, but he also didn’t want to do what Big Head Kong said, trying every way to "lure" and "tempt" Chinese business owners into the casino...
If he did such things too often, he would get some serious karmic retribution, right?
If someone had to do it, let Big Head Kong be the bad guy!
So, Wang Ye "outsourced" the business of "code washing" directly to Big Head Kong.
Doing so was a win-win – not only was he able to strike a loyalty deal with Big Head Kong, but it also increased the income of his own casino considerably. Why wouldn’t he do it...?
......
Big Head Kong happily left, leaving Wang Ye alone in the office.
He reviewed the negotiation with He Chaoying today and vaguely felt that he had been led by the nose by He Chaoying.
Indeed, operating a casino is a highly specialized business, and compared to him, He Chaoying is definitely much more experienced.
Therefore, during the negotiation, she had a certain level of initiative and often left him at lost for words.
As for He Chaoying’s claim that he funds weren’t enough, and that he actually needed three hundred million US dollars more, Wang Ye felt that it wasn’t that simple.
Perhaps, He Chaoying had her own motives for saying this.
As for what motive?
It must be to increase her share of the stock rights!
Wang Ye could understand this strategy. If the roles were reversed, he would probably do the same...
Now, the key issue was how many shares he should give her if He Chaoying managed the management team and came up with an additional one hundred and twenty million US dollars!
Wang Ye is not a stingy person, but he won’t play "Santa Claus" either!
The control of the Xiao Ying Hotel must be held firmly in his hands...
......
By the next day, Wang Ye had received a call from He Chaoying to meet again, saying that the planning report was ready.
The efficiency was indeed astonishing, but when he thought about it, it seemed reasonable.
The He family had been in the gambling business for many years, and there was no shortage of talented people in the Group. Making a casino planning report must be a minor task to them.
Wang Ye gladly agreed.
At three in the afternoon, once again in the office of Wang Ye in the Xiao Ying Hotel, Wang Ye started negotiating face-to-face with He Chaoying.
First, he looked at the planning report that He Chaoying had just completed. The content is extremely thorough, covering everything from interior design planning to staff training, to the opening flow, all with corresponding plans.
Even though Wang Ye was not very familiar with this industry, he could tell that if the planning report is followed, it is likely to run smoothly.
Of course, Wang Ye noticed that the renovation and remodeling budget was two hundred million US dollars, and the operation expenses, including publicity, were one hundred million US dollars!
As expected, He Chaoying structured the plan according to a three hundred million US dollars budget.
Based on this budget, Wang Ye’s three casinos would indeed appear quite luxurious, comparable to any five-star hotel.
After closing the planning report, Wang Ye smiled and said: "Not bad, very professional!"
He Chaoying immediately replied: "So, does Mr. Mikhail agree with this planning report? If so, we could continue our discussion based on this."
"No problem, let’s proceed with these plan." Wang Ye readily agreed.
"Actually, the main thing to be discussed now is the percentage of shares. Once this is agreed, my team could start to work immediately. From this point, Mr. Mikhail, you just need to watch. All matters will be handled by us, and we assure that we will be able to open for business smoothly in the shortest possible time!" He Chaoying confidently asserted.
Wang Ye believed her words.
He did not plan to handle the matters like renovation, purchasing of gambling tools, training of employees, etc. himself anyway.
After all, why else would he bring in a partner...
"So, how many shares do you think you should have, Miss He?" Wang Ye asked calmly.
He planned to hear her thoughts first, in a sense, to test her intentions.
If He Chaoying asked for a number that was unacceptable to Wang Ye, he might reconsider collaborating with her...
"Obo Group is investing one hundred and twenty million US dollars, creating a management operation team for the three casinos, preparing everything from renovation to regular business operations. Considering what we are putting into this, we think that twenty percent of the stock should be ours." He Chaoying addressed confidently.
Upon hearing this, Wang Ye froze. Twenty percent?
This ratio was not too high but rather too low...
According to He Chaoying’s statement, what did Wang Ye bring to the table?
The casino license, the Xiao Ying Hotel, two hundred million US dollars... that’s all...
But He Chaoying believed that these contributions from Wang Ye should fetch him eighty percent of the shares!
"Miss He, how did you come up with this ratio?" Wang Ye asked curiously.
After a brief hesitation, He Chaoying explained:
"I valued the casino license at two hundred million US dollars!
The Xiao Ying Hotel should be worth another one hundred million US dollars. Adding the two hundred million US dollars in cash from you, the total is five hundred million US dollars.
But, your side also has many intangible assets!
For instance, your security team can guarantee the smooth operation of the casino and protect it from external interference.
There’s also your uncle and his influence in Russia’s business and political arena!
These, I value at three hundred million US dollars!
So, in total, your side is contributing eight hundred million US dollars.
On the other hand, Obo Group is investing one hundred and twenty million US dollars in cash and adding a management team and personnel valued at eighty million US dollars, totalling two hundred million US dollars.
This is the rationale for Obo’s claim to twenty percent of the shares."
Wang Ye nodded with a smile and said, without hesitation, "Sounds good! Let’s go with that, I’ll give you twenty percent of the shares."
Both of them being straightforward, the negotiation ended as quickly as it began...
He Chaoying was very shrewd. She intentionally overvalued Wang Ye’s contribution, giving the impression that Wang Ye was getting a good deal.
However, she didn’t actually lose out in the process!
You must remember that her primary goal was to gain a stake in Xiao Ying Group and expand her family’s gambling business!
As long as she can achieve this goal, even if the investment doesn’t turn a profit, it would still count as a significant victory for her!
Doing so would increase her influence in the family group, boost her reputation, and add weight to her case of succession in the future!
Now, receiving twenty percent of the shares is a pleasant surprise. In her mind, she would have agreed as long as it wasn’t less than fifteen percent.
"Then...To a pleasant partnership!" He Chaoying cheerfully stretched out her right hand.
Apparently, Wang Ye’s prompt agreement without any negotiation caught her off guard.
"To a pleasant partnership! From now on, Miss He, I leave the rest to you."
Wang Ye extended his hand too, and the two firmly shook hands.
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