Taking over the electronics factory, you actually created an industrial empire

Chapter 112 114-Chapter Five: Series B Financing! (second and third chapters)

"I'm sure. In fact, I don't think your company should be too obsessed with this. An excellent company, even a giant that can absorb 20% of the pool's liquidity, can shine anywhere. The key is Take good care of it and let the green shoots grow vigorously, so that everyone can make money together!" Sheng Huainan said with a smile.

Morrison nodded in agreement.

What JPMorgan Chase is interested in is the potential of Shangsha Technology, not the listing channel. In this market without lack of liquidity, money is not a scarce thing, but high-quality investment targets are scarce.

A high-quality target is a high-quality target, and now he is the first to make the first move and wants to settle it with one hammer. It is not ruled out that other companies will recover and increase the premium to maliciously snatch it.

"Mr. Sheng, there are certain problems with the product matrix of Shangsha Technology. Is your company's next step to expand these three products in depth? It should not develop upstream and downstream!" Francisco on the side Dee interjected.

Many companies in Huaguo like to do things here and there, but they don't like to focus on the deep development of a certain field. He doesn't like this very much!
For investment before listing, the trading ideas of the core controllers are the most critical.

After all, other people's money is mine.

Ranciscoti has done related projects in the past, and they were all good before the investment, but as soon as the investment started to fail, he messed around a few times, and finally had to withdraw from the project with tears in his eyes.

Therefore, all investment companies, especially investment companies that have no shortage of projects, have a pair of piercing eyes to see through investors.

"No! I have already invested in the chip and battery industries, and I need to focus on the development of the electronic technology chain, especially terminal products, so I must make breakthroughs in these two fields!" Sheng Huainan thought to himself, "Speaking of the key points up! ', said in a firm tone.

The three of Morrison couldn't help being stunned, they were really afraid of something!
What they think is that Sheng Huainan can suppress the impulsive desire in his heart, stabilize it, and with the escort of the capital chain, Shangsha Technology can take off after stabilizing the product quality of the main channel.

Talented entrepreneurs like Sheng Huainan like to be self-centered and completely disregard the company's basic situation. This is actually what they are most worried about!
"Mr. Sheng, it's a pity for Shangsha Technology if you do this. I suggest that Shangsha Technology suspend the research and development of the chip and battery industry! Shangsha Technology has completed the initial layout of the product matrix. If you continue to focus on electronic products, especially now The layout of the hot mobile phone field, I dare not say anything else, our funds can guarantee you to make the second LG Electronics!" Morrison shook his head and sighed.

The people present couldn't help being shocked, JPMorgan Chase, are you sure you have so much confidence in Shangsha Technology?
What is the concept of LG Electronics?

This company mainly engaged in mobile phone products, in the global mobile phone sales ranking in 06, its sales exceeded tens of millions, and it ranked among the top five in the world. Does Morrison believe in Shangsha Technology too much? I believe in Shangsha Technology too much, so I can say it out loud!
If Shangsha Technology can really realize it, it will definitely be a giant that can be a NASDAQ heavyweight!

"NO!" Sheng Huainan shook his head, and after thinking about it, he replied seriously, "Mr. Morrison, you see the present, but I am looking at the future! Chip design is indeed recognized as a high cost of capital, high Returning to the industry, the shortcoming of this industry is that in the early stage of research and development, it needs to feed products and carry out relevant iterations. I don’t know if you agree with this point!”

Morrison and others nodded.

Indeed, this is a big threshold. If you want to build your own chip industry chain, if the general product strength is poor, you will not dare to use your own products to feed it. If you do it, you will lose your basic disk. Now the domestic mobile phone companies in Huaguo , even the best-developed Zhonghua Kulian did not dare to try it lightly, but now a small company like Shangsha Technology dares to play, it is too courageous!
Who gave you the courage to play like this?
"However, whether it's my mobile phone, my tablet, or my Shangsha smart screen, they all have certain product competitiveness in the market, and the prices are relatively high-end, not the kind of low-end products. This means that I can lower the grade of some products and use a completely different sub-brand to feed chips without harming my main brand! Our chip products will not be too high-end at first, we will start from Starting with low-end products like 110nm, you can't spend tens of millions a year!" Sheng Huainan boasted impassively.

Morrison thought for a moment, feeling a little more secure in his heart, and nodded again involuntarily.

This is actually the core reason why Morrison and the others are interested in Shangsha Technology!
As soon as Shangsha Technology came out, it launched three mid-to-high-end products, and it has gained a firm foothold in the market. This product is so powerful that it can't even find a template in Huaguo!
Now if you want to feed the chip channel of Shangsha Technology, you can just find the main channel for experiments. They really like this research and development company.

Sometimes this is the case, when the goddess you like has countless suitors, the shortcomings of the goddess will be ignored intentionally or unintentionally.

No way, you don't want it, some people want it!
"However, Shangsha Technology involves too many fields! With so many product lines, if one of the sectors fails, Shangsha Technology will collapse directly! If we hadn't taken a fancy to Mr. Sheng for your trading ability, we would have Don't dare to invest too much resources. You know that we are different from Gao Sheng and the others, we came here to talk with sincerity!" Nius who was on the side frowned and said.

"Other companies are either deceiving the concept, or deceiving the traffic, or deceiving the way of operation. My company is completely different. We achieved profitability in 06. Would you rather believe that some companies can't even make a profit? Do you choose to believe in our Shangsha Technology? We don’t have the outside line to randomly open up some specious industries, such as beer, catering, pharmacies, etc. that have nothing to do with the main business!” Sheng Huainan He stood up directly and sneered back.

Just kidding, when it comes to PUA and bragging, Sheng Huainan dares to say that everyone who is doing it is XX.

Now he can confidently say that in Huaguo, no one knows how to run a business better than him!

"OK! OK! OK! Little brother, don't be so impulsive!" Franciscoti, who was standing by the side, copied an ordinary person who was not fluent, and stood up with a smile.

. . . . . .

【115 chapters】

"Mr. Francescoti has been in Hua Guo for a long time, it seems that he is really an expert in Hua Guo!" Sheng Huainan sat down at this time and said with a smile.

"I have been in Huaguo for more than ten years, and I am really familiar with Huaguo." Francescoti replied with a smile.

"There is a saying in Huaguo that business cannot be done with benevolence and righteousness. But as a person, I still like to make a deal first and then talk about benevolence and righteousness. Let's make a price. I think it is fate that we sit here. I also hope to hear your quotation. " Sheng Huainan took a sip of the tea beside him and said seriously.

The B round of financing is an extremely critical hurdle for Sheng Huainan. Although the current Shangsha Technology has established a firm foothold in the classified market with mate 1 and Shangsha Smart Screen, it has a large amount of revenue and high expenses. The amount of funds on Sand Technology's books is no more than tens of millions.

Without a huge amount of funds coming in, there is no way to sprint with all our strength in the future. After this round of financing, several hundred million will directly go into the account of Shangsha Technology. For Sheng Huainan, these several hundred million are enough for him to burn the next mobile phone The product is live.

In the final analysis, although the sales volume of Shangsha Smart Screen is higher than that of mobile phones, mobile phones are the core pillar products of Shangsha Technology in the next 5-8 years. As long as the share of mobile phones increases year by year, and the chips continue to iterate, they will According to the trajectory of future generations, we will build a comprehensive ecological closed loop step by step. Let alone other products, this core product alone can ensure that Shangsha Technology will remain undefeated in the next 20 years!
Nius glanced at Morrison, who nodded slightly, and Nius said, "We have a general understanding of Gao Sheng's bid, and now we can increase the bargaining price, and we can also use 20 times the PE of the A round." Buying 10% of the equity, 20 times the PE for the B round, and including some reasonable profit spillovers, that is, the entire package of the entire Shanghai Sha Technology’s total market price of 45 billion, this price is almost equivalent to 25 times the PE, no Which China Street investment bank can offer this price, and those who offer the price do not have the resources of JPMorgan Chase! We are very optimistic about the future of Mr. Sheng!"

A whole package of 45 billion!
Just 10% of the equity is nearly 4.5 million!

The entire Tongchuang Group’s annual profit is only 2 billion yuan, which is about the same as that of Shangsha Technology. However, Tongchuang Real Estate has only one project in operation so far. After the entire project is completed, even a small 1000 million yuan will be a big deal. , This is still in operation for several years, and there is no market downturn.

Sheng Huaiqian immediately felt that the business of Tongchuang Real Estate was not good!

Compared with Sheng Huainan, she felt that her hard work these days was like a child's play house, and small fights were not counted!

What's the point of this struggling sister fighting so hard?
"No way! The whole package estimate of 45 billion is too little! Our sales target for this year is to reach 30 billion!" Sheng Huainan shook his head unhappily.

45 billion is too little?do you know what you're talking aboutSheng Huaiqian felt that her head was buzzing, and she felt a little inadequate.

It's like a plate of delicacy that you think is delicious, but in the eyes of others, it is almost the same as a bowl of egg fried rice, which is maddening.

"The quotation of 45 billion Huayuan is quite a lot! I can guarantee that none of the quotations given to you is as high as this figure! Most companies are around 30 billion to 40 billion. I don't know if I am right. ? Your estimated sales of 30 billion yuan may not be realized, you know, mobile phones are replaced every year, without the money from the B round, the mobile phone business can’t reach that figure!” Morrison said with a smile on the side .

It's okay, don't doodle on cakes!
When Morrison got to this point, Sheng Huainan stopped talking and said immediately, "Let's do this! I'm very straightforward, and I'll just pay you 50 billion yuan. If you can agree, you can agree. Mr. Shen, what do you think?"

Sheng Huainan turned to Shen Peng and asked, "President Shen, what do you think?"

Seeing that Shen Peng nodded slowly, agreeing that JPMorgan Chase would come in and dilute his shares in the same proportion, Sheng Huainan looked at Morrison and the other three.

After a while, after they had an urgent consultation, Morrison said slowly, "I need to finalize this matter with the headquarters for a one-time payment of 5 billion Huayuan. I can only say that it is not a big problem. .”

"Very good! I like dealing with straightforward people. When facing those who are hesitant, I know that even if their lips are worn out, they are still indecisive!" Sheng Huainan and Shen Peng looked at each other and laughed.

"Oh, I also like to get along with straightforward people, because I think such people are very real. But can I make a small request, JPMorgan Chase only takes 8% of the equity as the pilot, and the other 2% is owned by some JPMorgan loyalists. It’s okay for the partner to hold shares, Mr. Sheng!” Morrison also laughed out loud.

"This is great. It seems that Mr. Morrison is very optimistic about the development of our Shangsha Technology. We welcome sincere partners at any time!" Sheng Huainan said happily.

In the beautiful country, there is no such thing as using power for personal gain.

Even accepting (river crab) bribes is open and transparent. Those environmental protection funds should find out.

Even in China Street, the segmentation of interest groups is very detailed, Angsa group, Jewish group, colored groups (Chinese and Korean belong to this part), etc., within these categories, there are still countless small circles, such as Ansari's famous Kenti family, Bushi family and so on.

The 2% stake seems to be taken by the Morrison family and related interest communities.

But they were able to eat it, and Sheng Huainan felt more at ease as if he had taken a reassurance.

At least within 3 years, the safety of chip research and development is guaranteed, it is just a small shrimp, and there will be no threat of non-economic measures for the time being.

"However, before signing the agreement, I want to promise to do one thing before going public." Sheng Huainan laughed.

"Oh? What's the matter?" Morrison asked curiously.

Want to unconditionally analyze part of the investment?

Or help him get a 'useful' citizenship of the beautiful country?
Or do some fun Bellagio goodies?

"Shangsha Technology, before going public, needs to be issued in the Over-The-Counter of the beautiful country every year in a non-public manner, the issue rate is not more than three times the benchmark interest rate of bank loans in the same period, and the term is within one year ( Including ) and above) to help finance more than 3 billion yuan in off-exchange debt every year, I think this should be a small deal for JPMorgan Chase, a large investor!" Sheng Huainan said.

"Huh? Two hundred million?" Morrison was a little surprised.

In the beautiful country, unlisted securities are not inferior securities, and some securities are not listed on the stock exchange because the issuer of the securities has not applied for listing.

This kind of over-the-counter securities trading was banned in Huaguo in 05, but in Meiliguo Nong, it must depend on the operating strength of the broker. This is why Sheng Huainan chose a brokerage in Meiliguo to do it. The core reason for the B round.

The pure consumer business section of Shangsha Technology is expected to be spun off and listed. Before the listing, at most it will raise another round of capital, which will not dilute too much equity.

Therefore, Shangsha Technology now needs more financing pipelines.

"If it is an on-exchange transaction, this number is nothing; but off-exchange transactions, and it is still [-] million per year, it is a bit of work, mainly because of the natural uncertainty of off-exchange transactions, but it is not a big problem." Mo Rees said after thinking for a moment.

. . . . . .

Three days later. . .

　In the future, the second and Chapter 3 will be merged and released together, and the three chapters will be released together. Every time I lose a few hundred points, I feel so distressed!

　　
　
(End of this chapter)