Zhang Yida's shareholding ratio dropped from 63.66% to 57.87%; Yimin Wangjin's shareholding ratio dropped from 9.82% to 8.93%; Ruixiang Industrial Investment Fund obtained 4.55% of the shares.

Including direct holdings and indirect holdings through two other companies, Zhang Yida's total shareholding ratio reached 62.2%.

At the same time, Liu Chao also gave a reply.

Agreeing to sell the company to Ruixin Group for RMB 400 million, the specific transaction plan he chose was "70% cash + 30% equity."

That is, Ruixin Group paid 280 million yuan in cash, plus an additional equity issuance worth 120 million yuan to acquire Tianyancha.

The exchange rate of RMB against the U.S. dollar in March 2017 was 6.887 to 1. Ruixin Group’s valuation of US$3.3 billion was converted into RMB 22.73 billion.

The additional equity issuance of RMB 120 million is only 0.525% share.

Liu Chao holds about 60% of Tianyancha's shares. Through this merger, he received nearly 170 million yuan in cash, plus 0.315% of Ruixin Group's shares.

Zhang Yida's equity was diluted again. His personal shareholding in Cayman Company dropped by 0.3 percentage points from 57.87% to 57.57%. The equity of other shareholders was also diluted in this proportion.

"Senior Brother Liu, we will be a family from now on. Stay close to each other and don't see anyone outside."

After acquiring Tianyancha, Zhang Yida continued to appoint Liu Chao as the CEO of the subsidiary Tianyancha, and also served as the vice president of Ruixin Group, which was considered a reuse.

Liu Chao, who had gained wealth and freedom, was full of joy. He smiled and said: "Junior brother Zhang, don't worry, I will definitely be as meticulous as before in the work of Tianyancha, and I will not slack off in any way."

Speaking of this, he frowned and seemed hesitant to speak.

"Senior Brother Liu, I just told you not to see anyone outside. If you have anything to say, just say it!"

Liu Chao nodded, "I think Ruixin Group can contact the National Small and Medium Enterprises Development Fund.

After learning that we were going to be acquired by Ruixin Group, they were very disappointed and asked me to ask Ruixin Group if they would accept investment?"

"Oh," Zhang Yida thought briefly and nodded in agreement, "I can accept investment."

How could he miss this opportunity to hug his thighs?

This fund is a parent fund established by the Ministry of Finance. It has a total of four sub-funds and a total management scale of 19.5 billion yuan.

Zhang Yida heard that this fund mainly invests in growth-oriented small and medium-sized enterprises in the seed and start-up stages.
Chapter completed!