Counterattack starts with controlling probability
Chapter 32 Winner Takes All
72%! After some intense and exciting operations, Li Hao's side actually owned a whopping 72% of Noah Technology's shares.
This is far beyond the proportion initially expected.
At the same time, this also means that Li Hao, together with Xu Lei and Wang Qiang, holds more than 2/3 of the total shares, which gives them absolute decision-making power within the company.
The whole situation is irreversible.
At this time, in an office at Noah Technology’s headquarters, Li Hao and Xu Lei finally had the opportunity to sit down and carefully study the next actions.
As Noah Technology's valuation plummeted in the recent crash, some shareholders sold their shares, causing the two to unexpectedly hold a larger proportion of shares.
"Brother Lei, look at these numbers." Li Hao pushed a copy of the latest shareholder shareholding form in front of Xu Lei, his expression showing a certain satisfaction. "The decline in the company's valuation this time has helped us a lot. We have achieved great things with little money."
"It's very close to what we expected, and even exceeded our expectations," Xu Lei nodded. "The valuation was damaged, and some shareholders had long been dissatisfied with Wang Xiao, forcing them to sell their shares, which set off a chain reaction. Now, our equity is sufficient to unite with other shareholders and push for the next step."
"By the way, what about Professor Wang? What did he say?" Xu Lei asked immediately.
"Professor Wang has agreed to join forces with us," Li Hao replied with a smile. "Also, many shareholders are now dissatisfied with Wang Xiao. As long as we initiate a vote and get two-thirds of the shareholders to agree, Wang Xiao and Wu De will have no chance of turning the tables."
Xu Lei nodded and said, "It's time."
……
Noah Technology’s shareholders’ meeting was held again.
There are far more shareholders attending the meeting this time than last time. After all, the company's core products and personnel structure have undergone earth-shaking changes compared to a few days ago.
These issues concern the interests of every shareholder who still holds shares, and the atmosphere is more tense than ever before.
The shareholders in the conference room all had different expressions on their faces, some were anxious, some were angry, and some were watching coldly.
Especially Wang Xiao, who was sitting on a chair with a serious expression, obviously feeling that he was in an unfavorable position.
Wang Qiang spoke first, pointing directly at Wang Xiao: "Xiao Wang, since Wu De took over, Noah Technology's valuation has dropped by 30% compared to when we first raised our Series C round! The Ark system crash has caused us to lose a significant number of customers and trust. As General Manager, you must take responsibility for this."
Wang Xiao gritted his teeth and forced himself to remain calm: "Boss Wang, technical problems are inevitable, and Feng Zhiyuan was already assigned to take charge at the last meeting. As long as we give him time..."
"Time?" Li Hao suddenly interrupted him, a sneer in his voice. "The entire company is suffering losses now, and you and Wu De are completely unable to control the situation. What's more, a third-party evaluation agency has already made a new assessment of Noah. The problem cannot be solved at the moment, and the valuation will further collapse."
The shareholders began to whisper to each other, their emotions clearly fluctuating.
Wang Xiao tried to maintain the situation: "This problem will be resolved soon. We should not change the leadership at this critical moment..."
"But the fact is, this problem has gone on for too long!" Xu Lei stood up, his tone stern. "Wang Xiao, you allowed Wu De to take over the technical department without proper preparation, which led to the current situation. You must take responsibility for this."
As soon as Xu Lei said this, the conference room suddenly became quiet.
Everyone's eyes were focused on Wang Xiao, waiting for his response.
A flash of panic crossed Wang Xiao's eyes, but he remained composed. "Have you forgotten that Xu Lei was very likely involved in this collapse? Otherwise, how could he have appeared out of nowhere? He and Feng Zhiyuan were plotting to sabotage the Ark in order to regain power."
Xu Lei remained undaunted and responded coldly, "Wang Xiao, you're still trying to slander me?"
He turned to look at Feng Zhiyuan, "Zhiyuan, tell us the real reason why the Ark collapsed."
Feng Zhiyuan stood up and said calmly, "Wu De took over the core development authority, but was unable to maintain normal system operations. It can be seen that Wang Xiao's failure to choose a suitable CTO is the real cause of this crisis."
The shareholders' discussions became louder, and questions arose one after another.
Wang Qiang spoke again: "I propose that we immediately vote to remove Wang Xiao and Wu De from their positions and hold them accountable for the huge losses suffered by the company."
The voting results were announced soon, and unexpectedly, more than 4/5 of the shareholders supported Wang Qiang and Li Hao's proposal.
Wang Xiao, Wu De and their supporters completely lost their positions and, due to serious negligence, lost their existing equity. The old power group collapsed in an instant.
This is an era where the winner takes all.
……
After Wang Xiao and Wu De stepped down, Li Hao and Wang Qiang acted quickly.
They had previously agreed that after the deal was done, they would invite their old friend Zhang Feng to introduce his company, Amazo, as a strategic investor in Noah Technology.
At this moment, all obstacles are removed.
Zhang Feng has a great influence in Amazon. His approval and Amazon's participation not only brought funds but also technical support, pulling Noah Technology back from the brink of death.
This operation temporarily stabilized the collapsed company's valuation and gave the market new room for imagination.
After confirming that Zhang Feng had brought in Amazon, Li Hao happily said to Xu Lei, "The addition of Professor Zhang and Amazon will greatly boost investor confidence. This will not only help the company escape its current predicament, but also help it reach even greater heights."
At the same time, just as Feng Zhiyuan typed the last line of code, Noah Technology's system "Ark" finally returned to normal.
Feng Zhiyuan led the technical team and finally completely repaired the problems of the "Ark" system and restored normal operation.
Customer complaints gradually subsided.
After all, the restored "Ark" has undergone further upgrades and expansions in terms of functionality, and its capabilities are even greater than before.
The ever-changing and unpredictable nature of the market is reflected in this aspect.
With the new version of "Ark" going online again, Noah's valuation has rebounded significantly.
Moreover, the market generally believes that with Amazon's investment, the probability of Noah Technology's pre-IPO round and subsequent IPO will greatly increase.
Those shareholders who had been on Xu Lei's side were originally a little worried about the depreciation of their equity.
But at this moment, along with Amazon, a new round of Series D investors joined in, causing their equity to appreciate again, and everything in the future became bright again.
……
In the office, Li Hao, Xu Lei and Wang Qiang sat together again, and the atmosphere was relaxed and pleasant.
In front of them, each of them had an identical document showing Noah Technology's latest valuation report.
After this round of complex operations, not to mention the change of power, from an investment perspective alone, everyone's overall returns can be said to have exceeded expectations.
Li Hao spoke first, saying, "Gentlemen, our cooperation this time has been seamless, and the results are very satisfactory. Based on the latest valuation compared to when we acquired the company, we've made a net profit of billions."
Then, he turned to look at Wang Qiang and said, "Especially Professor Wang, your investment has been extremely low from the very beginning until now. Moreover, you even increased your position during this valuation 'retracement', which is quite profitable."
Wang Qiang smiled, a hint of pride in his tone, and responded, "When I first invested in Noah Technology, I certainly didn't expect it to reach its current scale."
"Not only are the returns now substantial, but the valuation has also seen a qualitative leap. Investing is all about entering at the right time." He paused, then turned to Xu Lei. "But what really made Noah take off was your previous accumulation of technology and product refinement, as well as this clever arrangement."
Xu Lei smiled slightly and said embarrassedly, "Without your support, especially Professor Wang's key push this time, Noah would not be where it is today. The next step depends on everyone's joint efforts."
Wang Qiang nodded in agreement. "Yes, Feng Zhiyuan's abilities were also demonstrated during this crash. He not only successfully repaired the Ark system, but also restored the confidence of the technical team."
Li Hao smiled and said, "I think he is the best candidate to be the next CTO."
He paused and continued, "Feng Zhiyuan's technical ability and leadership have been proven. Next, we will nominate him as the new technical director to lead Noah into the next stage."
"I agree," Xu Lei echoed. "He remained steadfast in his post despite Wu De's oppression and suppression, which shows that his character is impeccable."
Then, the three of them quickly reached a consensus.
The new board of directors appointed Feng Zhiyuan as Noah Technology's CTO. This is not only a recognition, but also an important strategic arrangement for Noah's future technological development.
The news of Feng Zhiyuan's appointment as CTO quickly spread inside and outside the company, boosting team morale and giving Noah Technology new vitality.
……
At the same time, Zhang Feng's position in Amazon was further improved.
This time, he represented Amazon in acquiring shares in Noah Technology, which not only brought Noah a round of D financing, but also helped Amazon complete an extremely successful investment.
Amazon's trust in Zhang Feng has greatly increased as a result, and his voice in the company has also been significantly enhanced.
"This operation has also had a certain positive effect on Mr. Zhang. He helped us introduce Series D investors, which not only saved Noah but also opened the door for our future cooperation." Li Hao said to Xu Lei and Wang Qiang, "His resources and influence will provide strong support for our next step of development."
"That's right," Wang Qiang agreed. "With Amazon's support, Noah's future market expansion will be smoother. Investor confidence will recover, and the company's shareholder structure will be more stable."
Xu Lei added, "This Series D financing provides us with sufficient funds to support both technology research and development and market expansion. Our previous shareholders have also seen their equity value increase as a result of this round of financing. It seems this partnership is a win-win for both parties."
"Now that the 'Ark' system has stabilized, it's time to launch our new project," Li Hao said seriously. "Our AI+robo-advisory project is a good opportunity to develop products based on the 'Ark' system."
Wang Qiang nodded, his eyes filled with anticipation, and replied affirmatively, "Great idea! 'Ark' is currently the leading data product on the market, and your investment advisory project has enormous market prospects. If you can launch an AI+robo-advisory system based on 'Ark', it will not only strengthen your existing business lines but also attract more capital."
Xu Lei thought for a moment, then said, "Speaking of which, I think we can set up a research and development team within the company to research investment models. They will specifically provide support for investment advisory projects. Li Hao, this team will be under your command from now on."
Li Hao's eyes lit up when he heard the news: "That's great, Brother Lei. This way, our project will have a solid technical foundation to start with."
He paused for a moment, narrowed his eyes, and said, "Speaking of new projects, someone suddenly came to my mind!"
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