The investment era of rebirth

Su Yu took the proposal, opened it and read it carefully.

I saw that in the plan, 'Apocalypse Lithium Industry' proposed to borrow 15 billion from 'Yuhang Investment', and at the same time help 'Yuhang Investment' acquire the remaining shares of 'Taleson'. At the same time... In the plan, Apocalypse The lithium industry also proposed two more sensitive constraints.

first condition.

The 15 billion loan will be paid quarterly in accordance with the long-term lending bank interest rate standard, and it is proposed that if 'Yuhang Investment' wants to perform a debt-to-equity swap for the 15 billion loan, then the debt-to-equity swap plan should be submitted to the China Securities Regulatory Commission for review. From that date, the loan will no longer carry interest.

the second condition.

In the whole act of sniping Norkwood's acquisition of Talison, Apocalypse Lithium acquired the shares of "Talison" on behalf of "Yuhang Investment". If Yuhang Investment wants to cash out the shares in the future, Tianqi Lithium has the same price Priority acquisition rights under the conditions, and in the entire acquisition of Talison shares, Yuhang Investment must sign a concerted actor agreement with Apocalypse Lithium to ensure that Talison’s controlling stake is on the side of Apocalypse Lithium.

Su Yu finished reading the plan agreement roughly drafted by Tianqi Lithium, and remained silent for a while.

Instead, he handed over the proposal to He Qian and Liang Bin beside him, and after they finished reading it...

Su Yucai continued to ask, "What do you two think?"

"Overall, there is no big problem with the plan." He Qian said, "It is about the debt-to-equity swap. If we request it, what valuation will be carried out, and it is not clear."

"and also……"

"If your Apocalypse Lithium successfully sniped Nokwood and acquired Thaleson."

"The value of internal assets has skyrocketed, and due to the pressure of borrowing interest and internal cash flow, before we proposed debt-to-equity swaps, we launched a plan to issue additional shares, which resulted in a substantial increase in the share capital and market value of Tianqi Lithium. The intention is also extremely unfavorable, and the plan is not restrictive in this regard."

"Repeatedly issuing additional shares and expanding the share capital will cause harm to the interests of the original shareholders of the group." Liu Wei glanced at He Qian, admiring her keen vision and viewpoint, and replied, "So, we don't It will be easy to issue additional shares for financing, and we hand over the initiative of debt-to-equity swaps to you, which is equivalent to issuing 15 billion market shares to you in the secondary market."

"As for the debt-to-equity swap Mr. He mentioned, what valuation and stock price will be carried out in the end."

"This point is indeed not clearly stated in the plan."

"However, according to the usual practice, the stock price of the debt-to-equity swap should also follow the pricing of private placement shares, which is the average price of the secondary market for 20 trading days."

"According to President Su's previous proposal..."

"The initiative of debt-to-equity swap for this 15 billion fund has been handed over to you no matter the timing or the choice of whether you want to transfer or not."

"I think we are sincere enough!"

"About your second restrictive condition..." In Liu Wei's response, Liang Bin paused and asked, "We have no objection to this in terms of joint sniping and concerted actors, but in terms of priority, I'm afraid it's debatable. This is not a condition of equality, and we 'Yuhang Investment' are not obliged to abide by this condition. After all, at present, it is mainly you who need us, not we need you, to ensure that 'Apocalypse Lithium' is against 'Taleson'. ' is not the obligation of our 'Yuhang Investment'."

"Mr. Liang, the issue of priority will only take effect when you withdraw from the equity investment in 'Taleson'." Liu Wei emphasized, "And, under the condition of equal bids, our 'Apocalypse Lithium Industry' Group I think this is a matter of mutual benefit and equality for both of us, and I don’t mean to disrespect you.”

"and also……"

"Mr. Liang said that in this round of investment cooperation, it is our 'Tianqi Lithium Industry' that needs your 'Yuhang Investment'."

"Actually, I don't think so."

"Investment is a two-way thing, and a win-win situation is the ultimate goal."

"If Mr. Su feels that investing in our 'Apocalypse Lithium Industry' and jointly attacking the 'Taleson' project has no profit prospects and no investment value, I think... no matter how much we persuade and give us favorable terms, Su Not even a single penny will be invested.”

"I didn't say that you 'Tianqi Lithium Industry' did not respect our 'Yuhang Investment'." Liang Bin emphasized, "I just want to clarify that since it is investment and cooperation, the two parties should be equal in terms of obligations. No corresponding restrictions were put forward, and similarly, you should not raise so-called restrictions."

"The conditions we put forward are all based on President Su's suggestion." Liu Wei responded, "The proposal of debt-for-equity swap and the proposal of jointly attacking Norkwood are all advocated by President Su. Lithium industry', we are actually cooperating with you in revising the plan."

"No matter from which aspect, I think this plan is sincere enough."

"We are in urgent need of funds, but we will not sacrifice the group's due management initiative for urgently needed financing. If we 'Apocalypse Lithium' cannot eventually hold 'Talison', then...for us, this is A takeover that jointly sniped Norkwood is meaningless."

"On this point, I also hope that President Su, President He, and President Liang will understand."

"Of course, if Liang always feels that there are still disputes in terms of priority, you can also put forward your suggestions."

"I believe that since both of us have chosen to sit here today, everyone still has enough sincerity and cooperation intention in their hearts."

Hearing Liu Wei's words, Liang Bin pondered for a while, and said: "The right of priority can be retained, but there is a prerequisite, that is, if you want to exercise this right, buy back the shares of 'Taleson' from us. The price should not be lower than the price we helped you acquire the shares of 'Taleson' this time."

What Liang Bin said is equivalent to passing on the risk of loss that the company may have during the period of holding the shares of 'Taleson'.

This reduces the uncertainty of this investment and the future.

Under his premise, if 'Yuhang Investment' finds that the project is losing money in the future and wants to withdraw from this project, if Apocalypse Lithium does not repurchase shares according to this agreement, then it will lose its absolute trust in 'Taleson'. Control right, and if this agreement is exercised, it will be regarded as helping 'Yuhang Investment' bear the loss of this project.

in other words……

The condition proposed by Liang Bin is equivalent to giving the company a bottom line to protect its losses in this project investment.

Liu Wei frowned slightly when she saw Liang Bin's investment request of 'guaranteeing capital', and did not dare to agree easily, but turned her attention to Chairman Jiang Weiping.

Jiang Weiping coughed lightly and said: "Since Mr. Liang has made this request, let me tell you what I think. If you 'Yuhang Investment' can promise to cooperate with us in 'Apocalypse' during the period of holding shares in 'Taleson'." Lithium Industry has always maintained the agreement of consistent actors, or it will hold voting rights for shares and fully authorize us to "Apocalypse Lithium Industry", then... we can follow what Mr. Liang said, when you want to withdraw, follow Repurchase at a price not lower than your purchase price."

"only……"

Jiang Weiping paused, and then said: "The time period for you to hold the shares of 'Taleson' should not be less than three years, so that we can give you the promise of protecting your capital according to what Mr. Liang said."

Jiang Weiping expects the Group to acquire 'Taleson' after.

Under the pressure of high debt and heavy interest, it will take at least two or three years to recover.

That's why he proposed the requirement that 'Yuhang Investment' hold shares for no less than three years before exercising its power.

"What does Boss Su think?" Seeing that Liang Bin didn't speak, Jiang Weiping couldn't help turning his gaze to Su Yu, "If Boss Su has no objection, then we will adjust the plan according to the few additional conditions I just mentioned."

Su Yu knows that the shares of 'Taleson' will only become more and more valuable in the subsequent era of the outbreak of 'new energy vehicles', and there is no possibility of loss at all. Therefore, there is naturally no objection to the condition proposed by Jiang Weiping, and he can't help but reply. Said: "Just follow what Mr. Jiang said!"

"Okay!" Jiang Weiping appreciated Su Yu's straightforwardness, and responded.

Then, the right to speak was handed over to Vice President Liu Wei again.

Seeing that the two sides had reached a consensus on this issue, Liu Wei once again talked about other points of disagreement that the two sides thought, among them... after the 'debt-to-equity swap', that is, 'Yuhang Investment' became the Apocalypse Lithium Industry Co., Ltd. In the case of major shareholders, the proportion of voting rights and the number of seats on the board of directors.

After final mutual agreement...

After the successful debt-to-equity swap for Tianqi Lithium, Yuhang Investment will enjoy a seat on the board of directors.

As for the proportion of voting rights, under the basic system of the same share and the same rights in China, it is natural to have as many voting rights as there are shares. It is just that the voting rights will be divided between the two parties during Jiang Weiping's continued tenure as the chairman of "Apocalypse Lithium". There is still an agreement of concerted actors.

That is to say, it does not matter how many shares Yuhang Investment ultimately occupies in the investment in Tianqi Lithium.

Neither should shake Jiang Weiping's actual control over Tianqi Lithium.

Of course, Su Yu's original idea was not to take control of Tianqi Lithium and to be a "barbarian", so... There is no reason or motivation to oppose Jiang Weiping's ideas.

Finally, near noon.

The two parties agreed on the plan. All the disagreements were witnessed by both parties, and with the help of the company secretaries, lawyers and other support staff of both parties, a preliminary investment and cooperation agreement was signed. Generally speaking... the results of the discussions between the two parties In addition to the changes in details, regarding the direct loan amount of 15 billion and the agreement that Yuhang Investment can choose "debt-to-equity swap" at any time, there is also the agreement that Yuhang Investment will contribute and Apocalypse Lithium will help acquire the remaining shares of "Taleson" There is still not much change in these basic frameworks.

After signing the preliminary agreement contract...

Su Yu and his core members of the venture capital department had lunch with the core members of Tianqi Lithium Industry Group who came to the door on their own initiative. It was close to 3 p.m. before returning to the company.

"President Su, this Miss Dai Lingna has been waiting for you for a long time."

As soon as Su Yu returned to the company, before he had time to take a breath, the recruitment director of the Human Resources Department hurriedly reported and handed him a resume: "Miss Dai Lingna said that you recommended her to come to the company for an interview. I have read the resume, and Director Qin has also read it, and I think she is quite suitable for the position of 'special assistant'."

Su Yu took the resume and took a look.

This time, the resume prepared by Dai Lingna is much more normal. Her identity is the assistant to the general manager of HTB, a foreign investment institution. She is proficient in twelve languages ​​and is proficient in various office software. Of course, she also has a diploma from a famous foreign university , various honorary certificates and so on.

"22 years old?" Su Yu asked in surprise.

The recruiting director coughed lightly and said, "It seems a little too young, but I checked according to the contact information she gave, and the resume is not fake."

"Okay!" Su Yu accepted the resume, "You let her in."

The recruiting supervisor responded, and then called Dai Lingna, who was waiting in the rest area, into Su Yu's office.

Su Yu glanced at Dai Lingna, who was wearing glasses and wearing professional attire, and deliberately pretended to be mature, and said, "Your identity has changed very quickly!"

"It's just an identity." Delina said.

Su Yu nodded slightly: "Indeed, this is nothing to you. The job content of the 'special assistant' you applied for is relatively large, and Xiaoling is currently in charge. Since you have applied for this job, then follow She has studied for half a month and is familiar with the job content. If you want to stay with me, start with these jobs first, oh... By the way, what are your requirements in terms of salary and benefits. "

Dai Linna thought for a while, and said, "Just look at it!"

"Then come up according to the recruitment conditions." Su Yu said, "The salary of the special assistant is not low, plus the monthly reimbursement quota, monthly, quarterly, and annual bonuses, no matter what, it is enough for you to live in Yuhang."

"En!" Delina nodded, not paying much attention to the salary.

After all, she is not in need of money in essence, she just needs a job to cover up her identity, stay by Su Yu's side, and use Su Yu's hand to plan some future affairs.

"Since you have no objection, let's start working today!" Su Yu said, "You report to Secretary Li, and she will tell you what work to do."

"Okay!" Delina replied.

Pulling open the door of Su Yu's office, he was about to go out, but suddenly bumped into Lin Antu, director of the company's market intelligence department, who was about to knock on the door and enter.

Lin Antu looked at the blond girl who suddenly came out of Su Yu's office in front of him, and he was stunned for a while before he came back to his senses, nodded slightly, walked sideways into Su Yu's office, then closed the office door casually, and reported to Su Yu Said: "President Su, according to market news, the country has made new moves in the direction of military reform, as well as in the direction of state-owned enterprises and state-level reforms. It is said that the integration of military and civilians will be promoted, and the mixed system reform of state-owned enterprises and state-owned assets will be expanded. , Attracting private capital to enter, I think there may be a relatively large main line of investment!"