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Everyone is the middle of the business, it is not strange to this word, but I feel strange, why Lin Feng is at this time, put forward this word? Zhouke Wen asked: "For the gambling agreement? What agreement is this? Gambling?"

Among these people, he didn't know the word.

Feng Chengxi and others are Zhou Kevin's colleagues, at this moment.

Zhang Yi Ni is not Jiang Automotive, the best, said: "The so-called gambling protocol is translated from abroad.

Direct translation is the 'valuation adjustment mechanism'.

This translation, but it is more reflected in its essence, but we have the case, everyone prefer to translate into a gambling agreement.

We have heard the gambling agreement, the problem involved in actually and gambling.

Zhouke Wen, said: "I am old, I have heard of these new names."

Zhang Yidi said: "Week, you may have never heard of this word, but you must know its way of operation.

To put it bluntly, this is a way of expressing options.

Zhouke Wen is still long, a: "option? I know.

Zhang Yidi said: "The design of the terms can effectively protect the interests of investors.

The gambling protocol is a convention for the future uncertain situation when the investment party and the financing party reach the financing agreement.

If the agreed conditions appear, the investor can exercise a right; if the conventional conditions do not appear, the financing party exercises a right.

Therefore, the gambling agreement is actually a form of options.

Lin Feng said: "The most famous instance is the agreement signed by Mengniu's acquisition of equity by Morgan Stanley and other agencies.

Zhouke Wen once again surprised: "Mengniu? Is that milk company? Not a domestic?"

Lin Feng smiled: "It is a joint venture company and has been acquired.

Zhou Kevin: "I always thought that this is a home national business!

Unexpectedly, or fled the destiny of the joint venture.

Lin Feng said: "When Mengnu was founded in 1999, only one million registered funds were found.

In 2002, Morgan Stanley and other three institutions were jointly injected into Mengniu.

100 million funds.

The techniques they have adopted, and the signing agreement has always been a typical case of commercial acquisitions.

Zhou Kewen laughed: "I am really behind, for these things, I don't know."

Lin Feng said: "In 2002, Morgan Stanley and other institutions investors, in the Cayman Islands, the initiator of the Mongoli breast dairy industry was registered in the British Virgin Islands to establish Jinniu Company.

On the same day, investors, business contacts, and employees were registered in the Mongolian dairy industry.

Jinniu and Silver cows acquired 50% of the Cayman Islands companies in $ 1, and then established a wholly-owned subsidiary of Cayman Company - Mauritius.

Three international investment agencies such as Morgan Stanley injected about $ 26 million (equivalent 2 of RMB 2) with a Harmore.

100 million yuan), obtained the company 90.

6% of the equity and 49% voting rights, the funds have been investigated by Mauritius finally exchanged the mainland Mengniu Dairy 66.

7% of the equity, Mengniu Dairy also changed to joint venture.

Zhou Kewen listened and said: "This is the gambling agreement, still there is no relationship?"

Lin Feng said: "In order to enable the target of expected value to honor, investors such as Morgan Stanley have signed the gambling agreement based on performance growth.

The two parties agreed that in 2003 to 2006, the annual growth rate of the Mongolian dairy industry was not less than 50%.

If the company does not, the company's management will be lost to the listed company shares in Morgan Stanley, 70 million shares; if the results increase go to the goal, Morgan Stanley and other agencies will take out their own corresponding shares to Mengniu Management.

Zhou Kevin: "This is the gambling agreement, which is beneficial to both parties, especially the interests of investors.

Lin Feng said: "Yes, so I also want to sign such a gambling agreement with our dealers.

During the specified time, as long as their sales is large enough, we reward them, and then cancel their proxy authority, and recover all parallel vehicles.

Liu Jianwei nodded: "This method is good.

Signed an agreement, white paper black words, legally effective, but not afraid they don't pay the account.

Lin Feng said: "Don't pay this kind of thing, it is not too worrying.

We have one hundred ways to spit out our goods or money.

Zhang Yi Ni said: "If it is this kind of cooperation method, I am willing to join, Lin Big, you bring me!

Lin Feng nodded: "Since everyone has no objection, then it is so decided.

Also, I want to stay alone in the country, who is you willing? "

Liu Jianwei smiled: "I am willing.

Lin Feng said: "Okay, then I have worked hard."

This is completed in the pre-construction work. After walking on the right track, you can return to your country.

Liu Jianwei said: "The domestic operation department?"

Lin Feng said: "Don't replace people, you still have a manager of the operation department.

I have anything, I will consult you.

Now calls and video contacts are very convenient.

Liu Jianwei said: "Thank you for the trust of the boss.

Lin Feng took a look at time and said: "You haven't had breakfast yet? Go back to eat, there is still busy today!

Everyone lord.

Zhouke Wen has left it.

"Week, do you have to eat here?"

Lin Feng smiled.

"Boss.

Zhouke Wen's face is serious, "I officially put forward resignation.

Lin Feng smiled: "This is a set.

Is it that I didn't have some job, let you hungry? "

"Not.

Zhou Kewen laughed, "I have seen it just now.

My thoughts, really aging.

Fully keep up with the changes in the times.

I used to pick it up.

Now Jiang Auto, I have self-motivated.

I am retired, this time, I am very serious.

Please be a full me.

Lin Feng said: "You are here again!"

I said earlier, I see you, not these.

Zhou Kevin: "I know, I am the old leader of Jiang Automatic, there is the old employee of Jiang Automatic, there is a cohesiveness, and there is also a heart.

It is this.

Lin Feng smiled slightly.

Zhou Kewen said: "To say my technology, my knowledge, my ability, these really don't pay attention, in front of these young people, I am nothing.

Lin Feng said: "Don't say that.

Experience, no knowledge can be learned.

Zhouke Wenzheng: "For the future development of the company, please ask the boss to approve.

Lin Feng took a long time, seeing his eyes, seeing, in addition to persistent, still persistent.

"Well, I promise you to resign!"

Lin Feng said slowly.