The board meeting of Mouyu.
Li Yang is negotiating on behalf of Port City Convolution Company.
Finally, he secured 30% of Mouyu shares for a price of 360 million.
After reaching the financing agreement, Mouyu's shareholder structure changed.
Xiangnu's share dropped from 75% to 52.5%, Red Shirt's share decreased from 20% to 14%.
Another shareholder's share decreased from 5% to 3.5%.
As the 1.2 billion valuation was quite high, and without the lead investment right, wanting more shares could only be achieved by increasing the valuation above 1.2 billion.
That would not be cost-effective at all.
Receiving 360 million, for Mouyu, overcoming this year won't be a problem.
Xiangnu wants to earn money, as money gives her a sense of security.
After the deal was finalized, Xiangnu invited Li Yang for a meal, during which she asked, "Is Wanliu Capital looking to raise funds?"
Currently, all shares of Wanliu Capital are under Jiang Banxia's name.
