Global monopoly of technology

Bluestar Technology announced the second-quarter audited financial report early in early July. It can be said that it is very fast, and it has not yet been listed, and many listed companies basically do not disclose until August.

These are not important. The important thing is that as soon as this audited financial report came out, Bluestar Technology Group became the focus of the industry again. Its performance was strong and far exceeded analysts’ expectations. Such a dazzling performance report was disclosed to the next door. News also ushered in a rather unexpected increase that day.

The profitability of Bluestar Technology Group has reached the point where countless people in the industry are eye-catching. Many domestic netizens are also discussing it. As the only Internet technology company that has successfully gone abroad and reached the world's top level, this is the only one. And over 70% of the income comes from overseas, this is where countless people are proud.

Investors are also stealing joy. Bluestar Technology is safe to land now. Here is a happy counting of small money together.

The previous high-risk auditing of the financial report twice in a row gave many VCs who spent huge amounts of money and invested in this company completely relieved.

The harvest season is approaching, and there is basically no much suspense.

According to this growth momentum, this year’s guaranteed total revenue will probably exceed $2.8 billion. This year’s revenue is already about twice the total market value after Tengxun’s IPO last year.

Well, one year's income = the market value of two Tengxun.

Moreover, this data is supported purely by BlueSpace, one of the six business sectors.

This shows that the Bluestar Technology Group has great potential.

The industry is paying attention to the second quarter audited financial report of Bluestar Technology, and many domestic and foreign media are competing to report. Luo Sheng has not been idle during this period, running back and forth between the two companies.

It's a bit too much to talk about running around, but it's actually next door.

However, after entering July, Luo Sheng's main focus was basically on the Bluestar Technology Group. After all, the IPO is a major issue for a company, and he can't help but make snacks.

As early as a few hours before the second-quarter audited financial report was disclosed, the major shareholders of the Bluestar Technology Group were notified to hold an interim meeting of shareholders.

The meeting was held at the headquarters of Bluestar Technology Group. According to the provisions of the Company Law, shareholders of the company must be notified 15 days in advance to convene an extraordinary shareholders meeting. Therefore, the shareholders meeting will be held on July 23.

During these fifteen days, Luo Sheng and Qin Weimu were both discussing about the shareholders' meeting, and at the same time they had several meetings and discussions with the company's core founding team.

There is only one purpose.

It is for the IPO of Bluestar Technology Group.

It is finally established that three things must be established in the shareholders meeting to maximize the interests of themselves and small and medium investors, and to ensure that Bluestar Technology is not controlled by Wall Street after it is listed.

The three matters are voting on major matters and can only be voted through the shareholders meeting.

...

Time goes by day by day.

July 23 arrived as scheduled, and all the major shareholders of Bluestar Technology Group arrived as scheduled. External investment shareholders such as JP Morgan, Goldman Sachs, SoftBank, and IDG all sent important people to the meeting.

In the morning, the major investors and shareholders arrived at the high-level conference hall of the Bluestar Technology Group headquarters. These VCs are all in a good mood now. The performance report disclosed by the Bluestar Technology Group 15 days ago can be said to far exceed them. Prediction.

Investing in Bluestar Technology is definitely a major victory for them.

The market value of many investment companies has also risen as a result. Since the news of the IPO of Bluestar Technology Group, they have now become superstars on Wall Street and the market.

Investors large and small look forward to it, because this is an Internet technology company that is at least as bad as Google's IPO.

...

At around 10:50, Luo Sheng didn't let the attendees who arrived early to wait for a long time. He soon came to the meeting of shareholders. You can proceed as soon as he arrives.

"Everyone, we are launching this temporary shareholder meeting this time mainly for the IPO of the group company." Luo Sheng did not drag his feet when he arrived, and looked around the shareholders and said in an orderly manner:

"A capital feast is approaching. We do not doubt or doubt it. However, as the founder of Bluestar Technology and the helm of this huge ship, the management team of the group company and I must ensure that the company can continue in the future. Development and growth are also closely related to the interests of shareholders present."

Some shareholders nodded in approval, some did not respond, and just listened silently. For some shareholders, the only thing that made them feel uncomfortable was that they could not smoke in the lobby.

Luo Sheng's words are not wrong at all, because everyone is a community of interests. The Bluestar Technology Group has developed well, created more profits, and the stock price climbed, so that everyone can earn more profits, which is directly proportional.

Liu Wen of the Venture Capital Fund smiled and said, "What big move do you want to do this time?"

Luo Sheng raised his hands three fingers to the shareholders: “There are three major issues to vote. The first thing is to re-adjust the equity structure of Bluestar Technology to ensure that the company can continue to operate and develop stably after listing. important."

Liu Wen, Chen Tao and other representatives of external investment shareholders looked at each other. After a while, everyone looked at Luo Sheng unanimously. The latter added: “At this shareholder meeting, I formally propose that the major shareholders of Bluestar Technology Group jointly agree , To establish a limited partnership. I will serve as the GP of the company and the other shareholders are LPs. Through this limited partnership, I will hold 100% of the shares of Bluestar Technology Group."

The shareholders were stunned for a while, but they never thought that the first thing Luo Sheng would do was to further consolidate the control of the Bluestar Technology Group.

For limited partnership structures, VCs certainly know that once he becomes the GP of this limited partnership, even if he only owns 0.1% of the company’s equity, he will have unlimited power, that is, absolute control in the true sense. .

Other shareholders can enter this new limited partnership as LP in proportion to their shareholding, but they only hold shares and do not enjoy relevant control rights.

If so, then GP cannot enjoy unlimited power and unlimited joint and several liability.

Of course, Luo Sheng’s GP must have established a limited company. This is his business, and Qin Weimu has helped him plan a mechanism to assume unlimited joint and several liability as a limited liability company.

Chen Tao couldn’t help but said: “Mr. Luo, I don’t think it is troublesome. The AB share system has given you absolute control. Besides, Wall Street has invested in Bluestar Technology. So far, it has never interfered with the company’s operations because of fundamental intervention. No, don't you trust us yet?"

Luo Sheng smiled without saying a word, and said in his heart: You are right, I have no trust in Wall Street at all, and some are just mutual restraints of interests.

Other shareholders also agreed, believing that Luo Sheng was too cautious, but that was the only way to go, because once the voting process is initiated, it must be 100% over, and the founder team firmly holds the control of the Bluestar Technology Group.

Luo Sheng shook his head and said: "No, this is not troublesome. Even if it is troublesome, it will not be annoying. This is also necessary, because after the listing, it will not only concern the vital interests of everyone present, but also thousands of small and medium-sized investments in the future. For the benefit of the owner, if the IPO carries a hidden danger, I would rather postpone the listing date."

When everyone heard his words, they slandered: It's about the interests of your control right...

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