bookrandom Chapter 216 Lifetime Contracts Offered by State-Owned Enterprises
Chapter 216 Lifetime Contracts Offered by State-Owned Enterprises
Wang Xiucheng then continued to flip through the contracts, following Ma Xiaoxuan's pace.
360 degrees, Lining, Pico, Guoqiao, Fila...
Each company offered a high contract price, but the terms varied, with the longest contract from Pico even being a 10-year deal.
However, these contracts seem to fall short of the "interesting" aspect that Ma Xiaoxuan mentioned.
"This is the last one."
Ma Xiaoxuan placed the last and thickest contract in front of Wang Xiucheng.
Wang Xiucheng glanced at the cover, then raised an eyebrow slightly.
"Froststar?"
Wang Xiucheng remembered that Froststar seemed to be a state-owned enterprise and never participated in things like hiring sports stars as spokespeople.
Wang Xiucheng did indeed wear this brand of rubber shoes when he was a child; they were sturdy and durable.
Then it was gone.
This is the impression that the brand gave Wang Xiucheng.
I've been living in the US for the past few years and haven't heard of this brand in a long time.
"Could it be this brand? Is it interesting?"
While Wang Xiucheng was opening the contract, Ma Xiaoxuan got up and took a bottle of water from the refrigerator.
After taking a sip, Ma Xiaoxuan put the water down and saw that Wang Xiucheng had been flipping through the pages for a long time without finding the key point, so she said directly, "Don't bother looking anymore, I'll just tell you."
Wang Xiucheng then looked up at Ma Xiaoxuan.
"Froststar has two options."
"The first one, 3000 million US dollars over 5 years."
Wang Xiucheng nodded. This price wasn't very attractive; compared to Antara 360° and other similar products, it wasn't even worth mentioning.
Furthermore, its brand image is incomparable to those other brands.
But for Shuangxing, this money was essentially taken from the shareholders above and given to Wang Xiucheng.
"And then?" Wang Xiucheng asked.
Ma Xiaoxuan continued, "Then, they have another plan."
"Froststar wants to sign a lifetime contract with you."
Upon hearing this, Wang Xiucheng's expression changed slightly.
A lifetime contract?
Is Frostnova really that decisive?
Do they really think so highly of themselves?
It's important to understand that after the Ross incident, manufacturers have become extremely cautious about offering long-term contracts, and lifetime contracts are becoming increasingly rare.
Currently, only LeBron James and Nike have lifetime contracts in the entire league.
Curry and Under Armour, Durant and Nike are reportedly in talks and could reach lifetime contracts as early as this season.
These are all superstars who have been playing in the league for many years and already have considerable fame.
Giving a young player a lifetime contract is too risky.
Doncic's ten-year contract is already extremely rare.
Wang Xiucheng didn't know whether Shuangxing truly believed in him, or... believed in him.
"Tell me more about it," Wang Xiucheng said, clearly intrigued.
"Froststar will release 15 million shares from the higher-level state-owned legal entity, accounting for 1500% of the total equity. These are your shares, and you will receive dividends annually according to the proportion."
"Then the basic endorsement fee is 300 million US dollars per year, until 10 years after your retirement."
"Before I came back, I specifically checked Froststar's stock price, which was over 4 yuan per share in Chinese yuan."
Ma Xiaoxuan finished speaking quickly, and then, seemingly afraid that Wang Xiucheng hadn't understood, she repeated herself.
Wang Xiucheng understood, but it was precisely because he understood that he was somewhat stunned.
Even disregarding the issue of different prices for legal person shares, and assuming a share price of 4 yuan, even if there are 1500 million shares, that would only amount to 6000 million Chinese yuan.
That's roughly equivalent to around 1000 million US dollars.
This is hardly a competitive offer compared to other companies, such as Antara.
The problem is, this is a state-owned enterprise.
With this 15% equity stake, especially since it's a state-owned legal person share, it seems like my status has suddenly become much higher.
The transfer of state-owned assets requires approval; it's not something anyone can just do on a whim.
The other party wanted to use this method to tell Wang Xiucheng that they would share both glory and fortune in the future.
"How much profit does Froststar make each year?" Wang Xiucheng asked again.
Ma Xiaoxuan laughed and looked into Wang Xiucheng's eyes, "We've been operating at a loss for three years now."
Wang Xiucheng was taken aback. Hehe!
That's quite interesting.
"They see you as a lifeline, and at the same time, they show their sincerity."
Wang Xiucheng frowned, seemingly lost in thought.
He casually picked up a glass of water from the table and gulped it down. Then, Wang Xiucheng seemed to be talking to himself, "Is it better to settle for ten million dollars a year peacefully, or to take risks with Froststar?"
There's not much to say about choosing the former.
Regardless of the sneaker manufacturers' profits, Wang Xiucheng only takes his share of the endorsement fee.
However, choosing Froststar means sharing the burden with this state-owned enterprise.
"We can talk."
About five minutes later, Wang Xiucheng suddenly spoke.
Ma Xiaoxuan kept looking at the bottle of water she had drunk from, which Wang Xiucheng had then drunk from, and her face turned slightly red.
But Wang Xiucheng suddenly spoke, interrupting Ma Xiaoxuan's wild thoughts.
"What do you want to talk about?" Ma Xiaoxuan asked instinctively.
“State-owned enterprises are still very attractive,” Wang Xiucheng said. “However, 15% is too low. Sister Xuan, you should negotiate again.”
"At the same time, we can also buy some stocks in advance, which should allow us to make a small profit," Wang Xiucheng chuckled.
"Does this involve insider trading?" Ma Xiaoxuan frowned slightly.
Wang Xiucheng is unlikely to do something so risky for such a small profit.
“Who said I was going to buy it?” Wang Xiucheng chuckled. “You’re a lawyer, you need evidence to back up your claims.”
Upon hearing this, Ma Xiaoxuan roughly guessed what Wang Xiucheng was planning to do.
Wang Xiucheng continued with a smile, "If Shuangxing gives me 15% of the legal person shares, they will definitely acquire some in the market to supplement their own share. At that time, the stock price will definitely rise."
Ma Xiaoxuan shook her head at this moment, "If that's the case, the stock price has limited support, and I think the price will definitely surge, but the reason is you."
"You think too highly of me," Wang Xiucheng chuckled.
"It's not that I think highly of you, it's that Froststar thinks highly of you," Ma Xiaoxuan corrected.
"Whoever it is, then I'll have to trouble Sister Xuan to go back to China again for negotiations," Wang Xiucheng said in a cheeky tone.
"It's nothing, after all, the more you earn, the more commission I get." Ma Xiaoxuan showed no dissatisfaction; this was simply her job.
"What's with all this 'yours' and 'mine'? Why be so particular? We're all family." Wang Xiucheng lay down on the bed, put his hands behind his head, and looked at the ceiling.
When Ma Xiaoxuan saw Wang Xiucheng lying directly on her bed, her expression turned somewhat strange.
“Go back to your room if you want to sleep. This is my room,” Ma Xiaoxuan said after a pause.
“Okay.” Wang Xiucheng stood up, said goodnight, and left Ma Xiaoxuan’s room.
Ma Xiaoxuan stared at the spot where Wang Xiucheng had lain, lost in thought.
Back in his room, after taking a shower, Wang Xiucheng took out his phone, thought for a moment, and then made a call.
No one answered.
Wang Xiucheng called again and waited patiently.
China, Great Alliance.
Jiang Yan had just put her son to sleep when she came to the living room and saw her phone flashing, and the table was vibrating loudly.
She picked up her phone, saw the caller ID, and her expression showed some hesitation and struggle.
When I was unsure whether to answer or not, the phone stopped ringing.
Jiang Yan breathed a sigh of relief.
I hung up the phone, turned on the TV, and the screen showed a news channel.
The phone screen then started flashing again.
On the lit screen, the caller ID displayed a name that consisted of only one character.
"he".
After another ten seconds or so, Jiang Yan bit her lip, took her phone and went to the balcony, facing the room where she could see her child, and answered the call.
How is my sister doing lately?
The man's voice came through the phone.
That sound made Jiang Yan's eyes instantly turn red.
She seemed to have a lot of grievances to confide in, but her voice remained light.
"You're doing great! How about you? Are you adjusting well to New York?"
……
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The equity figures here are just random words; professionals shouldn't take them seriously. The main purpose is to establish a connection with state-owned enterprises.