Chapter 244 Sanmu Network

Li Chuan and Jiang Zeyu talked from 8 pm to 11:30 pm. After three and a half hours, they finally discussed a reasonable equity structure.

Based on the results of their discussion, Sanmu Media will be reorganized into Sanmu Network.

Why change "media" to "network"?

This move is to prepare for possible listings in the future.

As we all know, the price-to-earnings ratio of Internet companies is much higher than that of other types of companies. Although the price-to-earnings ratio of Internet companies in later generations is gradually decreasing, it is also much higher than that of ordinary companies.

Sanmu Media is reorganized into Sanmu Network, which is to define itself as an Internet company in order to strive for a higher price-to-earnings ratio in the market... A higher price-to-earnings ratio means a higher market value. The higher the market value, the more wealth they have.

.

However, it is worth noting that Sanmu Media is reorganized, not renamed.

After the establishment of Sanmu Network, Sanmu Media will not disappear, but will belong to Sanmu Network and continue to use it.

The specific operation method is: Li Chuan transfers all his 100% stake in Sanmu Media to Sanmu Network, and then splits the business... The e-commerce business is split out and classified as under Sanmu Network, and the entertainment live broadcast business

The He short video business continues to be retained and belongs to Sanmu Media.

This means that in the future, Sanmu Network is responsible for the e-commerce section, Sanmu Media is responsible for the entertainment live broadcast and short video section, and Sanmu Media is 100% controlled by Sanmu Network... This operation makes it clear that the e-commerce section is the "Sanmu System"

”'s core business.

In addition, Sanmu Network will also establish two companies.

The above is the top-level design of the "Three Wood Series".

But before employees officially obtain the options, these shares will be held by the general manager.

Li Chuan and Jiang Zeyu will be listed separately, which is to make it easier to manage in the future.

Therefore, in order not to limit the development of Sanmu's supply chain, they did not classify it under Sanmu Network, but instead classified it under Sanmu Holdings, becoming a part of Sanmu Network.

Why do we need to list agricultural products separately?

On the other hand, Huangshui Investment Co., Ltd. will set up a formal employee stock ownership platform called "Tonghui Investment Co., Ltd.".

According to the plan, Sanmu Holdings will also be divided into three wholly-owned subsidiaries, namely Sanmu Network, Sanmu Supply Chain and Sanmu Fund.

Since his growth, Mr. Sen has become the top anchor in the live streaming industry, with both popularity and influence. Now the most important thing is his personality and reputation.

They first determined the attributes of the two companies, Huangshui and Chujiang.

After repeated thinking, Li Chuan became a "Yichuan".

Although many netizens say that charity funds are tax-avoiding, as long as you do charity and conduct appropriate publicity, you can establish a character in front of the public and gain a better reputation.

Li Chuan is now the general manager, so he will hold 99.5% of the shares on his behalf.

Huangshui Investment Co., Ltd. will be positioned on the employee stock ownership platform... If internal employees of the "Sanmu Group" hold shares, they will divide their shares from Huangshui Investment Co., Ltd.

"Agricultural product sales" is the most important part!

The market is huge and national policy support is obvious.

"I don't know much, I'll call and ask tomorrow."

What about "Bachuan" and "Jiuchuan"?

Chujiang Investment Co., Ltd. is an external financing platform. Li Chuan will set up a "family trust" in Hong Kong to enter the market in the form of "external capital" to reap profits.

After listening to Li Chuan's explanation, Jiang Zeyu also felt it made sense, so he took the initiative to take over the "foundation of a foundation"... Jiang Zeyu is from an investment bank, and it is not difficult for him to "foundation of a foundation".

At present, Li Chuan and Jiang Zeyu have only determined the equity structure of the "Sanmu Group". It is hard to say when it will be realized.

This is because the "Sanmu Group" has not yet had external capital injection, so Li Chuan's family trust can obtain all the remaining shares. If there is external capital injection in the future, the proportion of Li Chuan's family trust will follow.

reduce.

In terms of mid-level design, they also made some adjustments.

For ordinary e-commerce products, Li Chuan signs "sales sharing contracts" with manufacturers and brands. Every time a product is sold, he can get the corresponding profits, but the agricultural products are different.

The original Sanmu Media and the upcoming Sanmu Network have no qualifications for real estate development and construction, so they need to re-establish a company in order to do these things.

The biggest function of a trust fund is that when an accident occurs in the outside world, it will not be collected by third parties... Mainland trusts are not doing very well in this regard, so if Li Chuan does not want to go abroad, he can only choose Hong Kong.

It's right.

Like the underlying design, Sanmu Supply Chain and Sanmu Fund will also be 100% owned by Sanmu Holdings.

The core of live streaming sales is the supply chain. A complete and mature supply chain is much greater than that of an MCN company.

Qianchuan, also known as "Juliu Qianchuan", is a comprehensive e-commerce promotion platform officially launched by Douyin, DOU+, Luban, feed, etc., which will be gradually integrated into Qianchuan platform in the future... At that time, Sanmu Network will definitely use it.

get.

The distribution of agricultural products is relatively scattered and there is no fixed set of industry standards. If you want to ship in a large amount in a short time, you need to spend a long time to select products, and then organize your own hands to purchase, later delivery, after-sales service,

You have to arrange it yourself too... This is similar to a self-operated model.

"Um?"

To sum up, the agricultural assistance industry is not suitable for mixed management with ordinary e-commerce businesses.

After Li Chuan’s family trust is established, it will occupy 99.9% of the shares of Chujiang Investment Co., Ltd.

If he wants to reap profits, he can only use the framework of Chujiang Investment Co., Ltd.

Because the equity adjustment is too large, there are many processes that require a lot of troubles.

Judging from the current situation, establishing a charity fund is a good move.

In this way, a simple underlying design was formed... Sanmu Network, which includes three wholly-owned subsidiaries, including Sanmu Media, Sanmu Assistance Farmers, and Sanmu Construction.

"Oh, I have to go to Hong Kong."

It goes without saying how big the market for fresh fruits and vegetables is. If you have to be serious, those trillions are considered small.

"Hundred rivers" and "Thousand Rivers" are not good, so what about "Wanchuan"?

Because the trusts in the mainland are easily penetrated, Hong Kong is not easily penetrated.

The company is mainly responsible for the screening, acquisition and sales of agricultural products, and also has cooperation and agency with other agricultural product companies.

According to the established plan, the 66% stake in Guanfeng Luggage Products Factory will be transferred to Sanmu Supply Chain.

However, there is a constitution in Tonghui Investment Co., Ltd. that is, before the shares are officially distributed, the income obtained can only be used for company development and cannot be collected privately.

The specific method is to select high-quality small brands and manufacturers, collect their shares in the name of "sales on behalf of others", or inject capital into them in the name of "investment"... After occupying the shares, a fixed internal structure will be formed.

The right to speak, control the quality of their goods, and interfere in their brand operations.

Sanmu Network, full name "Sanmu Network Technology Co., Ltd.", is the most important operating entity and has been introduced before.

Li Chuan and Jiang Zeyu discussed this issue for more than an hour and finally came up with a plan.

In 2017, the "rural revitalization strategy" was proposed in the report of the 19th National Congress of the Communist Party of China.

Nowadays, the "Sanmu Group" has neither employee shareholding nor external financing, so what should we do?

Of course, you must first build the framework and then wait until it is used later.

The meaning of the word "Tonghui" is relatively simple, which means to be brilliant together and reach the peak of life together.

Sanmu Fund can take it slowly. There is no need to worry about this. If it is not done well for a while, it will not affect the overall equity structure adjustment. However, family trusts are different. Family trusts are top-level designs. If they are not done well, there is no way.

Make subsequent adjustments.

What are agricultural products?

Juice, sausage, sauce?

Strictly speaking, juice, sausages, sauces, etc. are agricultural and sideline products, not real agricultural products.

Sanmu Holdings is owned by two companies, namely "Huangshui Investment Co., Ltd." and "Chujiang Investment Co., Ltd.", among which Huangshui Investment Co., Ltd. holds 25% of the shares and Chujiang Investment Co., Ltd. holds 75% of the shares.

Why?

Because he knew what "Qianchuan" was.

Li Chuan said happily, "What materials are needed?"

2, Sanmu Engineering Construction Co., Ltd.

"If that's the case... that's great!"

The self-operated model is much more troublesome than agency sales, and the shelf life of agricultural products is shorter, so if you are not careful, it will be severe, and it will be very cumbersome to deal with in the later stage.

Li Chuan was also a little worried about this.

What does "breakdown" mean?

To be simply understood, it means being debt-chased.

Some people may ask, why should Sanmu supply chain belong to Sanmu Holdings rather than Sanmu Network?

This issue involves the future strategy of the "Sanmu Group".

How to resolve this matter?
To be continued...