Becoming a Russian Oligarch After Rebirth
Chapter 703 Reasonable Valuation_1

Chapter 703: Chapter 703 Reasonable Valuation_1

The Constantin family’s strengths should be divided into two aspects.

On the surface, they have a 200,000-tonne super cruise ship, which can open up a new tourist route and a new large-scale gambling center for Xiao Ying Group.

After all, once this floating gambling site ventures into international waters, it’s not subject to any legal restraints. Any tourists from any country can vacation, spend, and gamble on it.

Besides, Petersburg, from where the Russians can board the ship, has the largest port in Russia!

Behind the scenes, pulling the Constantin family into a stake in the Xiao Ying Group is like granting the Group an extra layer of "protective cover".

Ultimately, the connection between the Constantin family and the Kremlin is not to be ignored.

The fact that they can covertly dominate Russia’s communication industry shows how strong the Constantin family is.

Truth be told, Wang Ye, who had spent so many years in Russia in his "former life," didn’t even hear about this family.

It implies that this family tends to be low-key since they prefer to quietly make a fortune.

Wang Ye felt rather at ease collaborating with such people.

After considering these factors, Wang Ye agreed in principle to allow the Constantin family to invest in Xiao Ying Group.

However, there’s a crucial issue that needs to be discussed before a final decision can be made.

"In exchange for this cruise ship, I wonder how many shares Mr. Constantin would like to hold?" Wang Ye asked with a smile.

Currently, Xiao Ying Group only has two shareholders, Wang Ye and the He family. Wang Ye holds 80% of the shares, making him the largest shareholder, while the He family holds 20%, rendering them minority shareholders.

Moreover, Xiao Ying Group is not publicly listed, so it’s difficult to value.

Its operations are primarily in gambling, as well as hospitality, catering, tourism, etc.

Its revenue is neither low nor high; it cannot be compared to the behemoths like Yukos and the Russian Gas Industry.

However, Xiao Ying Group’s net profit is not low!

It’s forecasted that by the end of this year, even without further expansion of business, the net profit could reach around 800 million US dollars!

Perhaps even more.

So, the evaluation of the new shareholder is a huge challenge.

If the valuation is low, Wang Ye will certainly be displeased since it’s a clear loss.

But if the valuation is high, would the Constantin family agree? After all, they are bringing out a super cruise ship worth a billion US dollars.

In addition, in the form of intangible support, they provide numerous contacts and political influence; these can’t be measured in terms of money, but at times, they are more valuable!

.......

Hearing Wang Ye’s question, Constantin pondered for a moment, clearly considering the issue.

However, Wang Ye believed that Constantin’s proposal was definitely not a spur-of-the-moment decision.

Before he arrived, it was likely that the Constantins had discussed it internally and they probably had a preliminary evaluation of Xiao Ying Group.

The reason he didn’t answer right away was most likely just for show...

Not letting Wang Ye wait too long, Constantin looked up and tentatively asked, "I am not clear about Xiao Ying Group’s overall revenue and specific financial situation last year, but a rough estimate— 30 billion US dollars— should be a reasonable figure, right?"

billion US dollars...

Honestly, that was somewhat beyond Wang Ye’s expectation!

His mental estimate was that anything above 20 billion US dollars would be acceptable.

Wang Ye looked at Constantin in surprise, thinking this old fox would try to "blackmail" him during this opportunity.

Turns out, that wasn’t the case at all.

Now it looks like Constantin is practically doing "charity"!

Of course, even at a valuation of 30 billion US dollars for Xiao Ying Group, the Constantin family won’t be at a loss, they might just make a little less profit.

"I can accept this valuation. However, I need to discuss it with my partners, so I can’t give you a response right now," Wang Ye replied decisively.

Considering his shareholding proportion, this matter is as good as settled, Miss He certainly won’t have any objections.

Constantin laughed heartily, "Ha ha, decisive! I like dealing with people like you. Well, it’s about time, let’s eat. We didn’t invite any guests tonight, only family, so make yourself comfortable."

...

As Constantin said, there were dozens of people at the dinner, all members of Rossiyana’s family.

The old man alone had eight children!

He also had six siblings, as well as their children and grandchildren...

In the spacious dining room, a huge oak dining table was set up.

Constantin sat at the head, Wang Ye at the guest seat, with Rossiyana next to him, and the two sides lined with Rossiyana’s relatives.

As for their names, Wang Ye barely remembered any of them...

After all, they are not important characters, he didn’t need to commit their names to memory.

Of course, with so many of Rossiyana’s relatives in attendance, each one had Wang Ye committed to memory.

After all, in Petersburg’s elite circles, "Mikhail" is a legend!

They had all heard of this name long ago, only those not within the core circle of the family were not aware of the relationship between Rossiyana and Wang Ye.

After dinner, everyone moved to the small living room to continue with coffee and casual conversation.

However, this time the participants were a bit more diverse.

Besides Constantin, there were Rossiyana and her parents, and some of Constantin’s other children.

Wang Ye spent the night in the castle, which though "ancient" from the outside, was modern within.

Before going to bed, Wang Ye made a call to Miss He, discussing the Constantin family’s plan to buy a stake in Xiao Ying Group and asked for her opinion.

As Wang Ye had expected, Miss He agreed without hesitation.

She was even quite amazed that the Constantin family was bringing in a super cruise ship since it might not be that useful for other companies.

But for a company like Xiao Ying Group, whose primary business is gambling and tourism, it’s quite useful.

She volunteered to assemble a professional team for an inspection as soon as the ship was in place to explore how to plan for better utilization of the ship.

Of course, they intend to include open sea gambling, which would broaden Xiao Ying Group’s target customer base.

Previously, Russians wanting to come and play could only be planned to visit Crimea, which turned out to be a significant hassle.

Now it’s easier, they can directly board from the port of Petersburg and begin to play once they reach international waters...

And in Europe, cruise holidays are quite popular, especially among high-end customers, which aligns perfectly with Xiao Ying Group’s positioning!

...