Chapter 197: Valuation: 18 billion USD, the third largest shareholder! (asking for monthly votes)
When Chen Yansen arrived in Luzhou, it was already dark.
A group of three cars slowly drove into a five-star hotel near the Central Office. He made an appointment with Tao Jingwen to meet tomorrow morning.
After everyone completed the check-in procedures, Chen Yansen walked in front, followed by Meng Jie and Gao Weilin, and behind them were financial analysts and legal advisors, a total of eleven people.
Upon seeing this, the guests in the lobby on the first floor all looked over there.
Although Chen Yansen looks very young, his aura cannot be underestimated.
"Who are these Bixiamen? Could they be some popular celebrity? There are a dozen assistants following them."
"It looks familiar, but I can't remember where I've seen it before."
"It looks like Chen Yansen, the boss of Orange Technology? Dad, it's really him! I'm going to get his autograph!"
A little girl in the rest area slapped her head suddenly, recognized Chen Yansen, and ran towards the elevator.
"Don't go! You can't catch up. We're all staying in the same hotel anyway, so we'll have a chance tomorrow."
My father raised his hand to stop him.
"Well, he's actually even more handsome in person than in the photo," the girl commented with a grin as she saw the elevator door slowly close.
"He is a big boss, not a small star. What's the use of being handsome? A man must be rich." The father said with a helpless smile.
"But he's also very rich." The girl retorted.
The other side.
Chen Yansen walked into the room and just put down his luggage when he heard a knock on the door.
Under his beggar version of spiritual consciousness, the outline of a petite girl appeared in his mind.
Chen Yansen walked over, opened the door and asked, "Why don't you go to rest?"
"I want to go out for a walk." Mengjie said with a smile.
"Where are we going?" Chen Yansen asked without comment.
"Is the pedestrian street okay?" Meng Jie looked at Chen Yansen with burning eyes, full of anticipation.
This was the first time Chen Yansen took her on a business trip.
"Okay, go back and change your clothes. Wear the one I gave you last birthday."
Chen Yansen readily agreed and made a request.
"Uh, I didn't bring it." Meng Jie's cheeks turned red and she quickly made up an excuse.
"Really? I don't believe it."
Chen Yansen narrowed his eyes and stared at Mengjie.
Meng Jie felt guilty when he looked at her, and finally she had to admit defeat: "I'll wear it for you to see tonight, okay?"
"Okay." Chen Yansen nodded with satisfaction, put his arm around Mengjie's shoulders, and walked towards the elevator.
In his previous life, he went to Shanghai after graduation. He had only passed by Luzhou two or three times while on business trips and had no impression of it.
The two drove out of the hotel, sped along Huangshan Road, and headed towards the pedestrian street.
At that time, the housing price in the core area of Luzhou was only over 6,000 yuan, and seven years later the average price soared to 20,000 yuan.
For the vast majority of ordinary people, as long as they seize the best time to buy a house, they have won half of their life.
Buy in 2012 and sell in 2019, you will make at least three times the profit.
Of course, if you buy at 19 and sell at 24, you will have lost half of your life.
"The house my father bought for me is in the building in front."
When passing by Galaxy Park, Mengjie pointed to a building in front and said with a smile.
Meng Zhenguo originally thought that his daughter would repeat a year and continue to apply for a university in Luzhou, but he didn't expect that she would insist on going to Xucheng for the sake of this boy Chen Yansen.
As a result, this house, which was bought two years ago, can only be rented out.
Chen Yansen felt warm in his heart. He knew that the sacrifice Mengjie made for him was a bit silly and stupid.
However, the words that came out of his mouth had a different meaning: "My father has a good eye. The housing prices in this area will rise to 20,000 in the future without any problem."
"Who is your father? You just like to talk nonsense." Meng Jie raised the corner of her mouth slightly and punched Chen Yansen.
The two parked the car nearby and walked straight into the pedestrian street where neon lights were just rising.
…
…
The next morning.
Chen Yansen dressed neatly and went to the restaurant on the second floor with Mengjie.
Gao Weilin and others were dressed in suits and looked elite. They sat around two round tables, eating breakfast and discussing their preparations for the next work.
"Chen Yansen, can you give me an autograph?"
At this time, a little girl in a white sweater suddenly came over with an Orange C2 mobile phone in her hand.
She spoke so quietly that no one else noticed.
"Orange C2, there are only 300 engineering machines in total, and you are quite fast."
Chen Yansen took the pen handed to him and joked with a smile.
"Actually, I added 2,000 yuan and bought it from a scalper." The girl smiled and confessed.
2000 yuan? The gross profit of an Orange C2 is less than 400 yuan. The scalpers make more than me?
Chen Yansen burst out laughing and looked up at the girl.
She was about eighteen or nineteen years old, tall, with two shallow dimples on her cheeks when she smiled, long chestnut hair, delicate eyebrows and eyes, and looked like a college student.
"My name is Xu Jiujiu, double Xu, the wine in beer. I want a To signature, and the content is: I wish Xu Jiujiu will always be 18 years old."
The girl looked at Chen Yansen expectantly.
Chen Yansen looked at the palm-sized Orange C2. How could this thing possibly hold so many words? He casually wrote the word "森" (sen) and gave it back to Xu Jiujiu.
"Ah!? It's ready now! So fast!" Xu Jiujiu took the phone, full of doubts.
But when she saw the words on the back cover of the phone clearly, she immediately wanted to chase after him. She clearly asked for a To signature, but the other party only wrote one word.
Chen Yansen had no time to pay attention to her. After finishing breakfast with Meng Jie, Gao Weilin and others, he went out and got in the car, driving towards the Central Office.
Ten minutes later, we arrived at our destination.
Tao Jingwen, accompanied by a subordinate, sat calmly in the rest area at the door. When he caught a glimpse of Chen Yansen's license plate out of the corner of his eye, he straightened the wrinkles on his collar and strode towards him.
Chen Yansen stepped out of the car and saw a middle-aged man wearing glasses, about 1.8 meters tall, looking at him with a smile.
"Hello, Mr. Chen, I am Tao Jingwen."
Tao Jingwen stretched out her hand and greeted him proactively.
"Secretary Tao, nice to meet you." Chen Yansen shook hands with him and responded politely.
The other party's status in Luzhou is equivalent to Song Siming in "Dwelling Narrowness". He looks like just a small secretary, but the power in his hands is not small.
"Mr. Chen, the partners participating in the equity swap today are mainly Wang Qingsheng from Luzhou Construction Investment and Xu Minggang from Xincheng International. Our Central Office will not interfere in the specific valuation and swap ratio of both parties. Let's talk business and communicate slowly."
After the greetings ended, Tao Jingwen's face immediately tensed and he stated his position in a serious manner.
"Okay, no problem." Chen Yansen nodded slightly.
As for Dongfang, what he wants is the right to speak, not the controlling rights, so he naturally will not make things difficult for Meng Yuanzhi.
Seeing that he was clear-headed, Tao Jingwen's evaluation of Chen Yansen instantly rose to a higher level.
The group slowly moved forward and came to a bright and clean conference room.
A long curved table stands in the middle of the room.
The placement of bookshelves, green plants, tea cups and projectors are all neatly arranged, giving one a sense of ultimate planning.
By the window, there were representatives from both sides sitting, about ten people in total.
"Mr. Chen, this is Mr. Wang Qingsheng from Luzhou Construction Investment, and this is Mr. Xu Minggang from Xincheng International."
Tao Jingwen stood in the center of the three representatives and introduced them slowly.
"Mr. Wang, Mr. Xu!" Chen Yansen greeted them in a very relaxed manner with a faint smile on his face.
Xu Minggang laughed out loud, leaned forward, grabbed Chen Yansen's right hand, and responded enthusiastically: "The young people in our Hui'an Province are excellent. I have heard Mr. Chen's name so many times that my ears are callused. Today I finally meet him."
"Mr. Xu, you are too polite. You are my senior. I still have a lot to learn from you in business."
Everyone praises him for his pretentiousness, even though Chen Yansen has never heard of Xu Minggang, but since the other party gives him face, he will not take advantage of it.
However, Wang Qingsheng from Luzhou Construction Investment raised his eyelids, hummed, and continued to sit in his seat.
Chen Yansen sneered to himself and was too lazy to pay attention to the other party.
Tao Jingwen frowned. He didn't expect Wang Qingsheng to be so tactless.
This equity swap transaction is related to whether the Orange Mobile Phone Factory can be settled in Luzhou. This is the key layout of his boss. Who is Wang Qingsheng showing off for? Thinking of this, Tao Jingwen narrowed his eyes and took note of it quietly.
"The valuation of DFN is 60 billion. The valuation of Orange Technology during its last round of financing was 9 billion US dollars, which is equivalent to the market value of DFN. On behalf of Luzhou Construction Investment Group, I can only give you 3% at most."
Wang Qingsheng sat on the chair and talked about his conditions.
"Mr. Xu, let's sit down and talk slowly." Chen Yansen ignored Wang Qingsheng and instead chatted and laughed with Xu Minggang.
Seeing this, Tao Jingwen couldn't hide a smile. He didn't expect Chen Yansen to be so tough and not give Wang Qingsheng any face.
"Mr. Chen, please don't get me wrong. Our Xincheng International values Orange Technology at 16 billion U.S. dollars. As for the equity swap ratio, within my authority, I can only take out 6% at most."
As soon as Xu Ming sat down, he went straight to the point.
To put it bluntly, this equity swap transaction is just a formality.
After all, Meng Yuanzhi had made the announcement, so Xu Minggang had no reason to offend Meng Yuanzhi just for a little bit of Dongfang's shares.
Compared with Wang Qingsheng's valuation offer, Xu Minggang's is obviously more sincere.
At this time, Orange Technology's valuation, whether based on the price-to-sales ratio valuation method or the price-to-earnings ratio valuation method, is basically between US$15 billion and US$18 billion.
"Mr. Xu, I have no objection to the market value of Dongfang, but I have a more reasonable valuation model for Orange Technology."
Chen Yansen said lightly.
Gao Weilin took out his computer and opened a document. This was a valuation model he made based on Orange Technology's financial, market, product and economic data last year.
While explaining, Gao Weilin calmly raised the valuation to 18 billion US dollars.
Xu Minggang felt that the salary was a bit high, so he turned his attention to the financial analyst of Xincheng International.
The other person's eyebrows were twisted together, and only after listening to Gao Weilin's explanation did he nod slightly at Xu Minggang to show his agreement.
"That's fine with me. I wonder how much equity in Dongfang Mr. Chen wants?"
Xu Minggang asked tentatively.
"Since Mr. Xu has said so, then of course I want them all." Chen Yansen replied with a smile.
6% plus the original 4.9% adds up to a total of 10.9%.
It can be said that, apart from Yanjing’s two investment companies, Senlian Capital’s shareholding ratio has made it the third largest shareholder of Dongfang.
In the future, we will have more confidence in terms of the supply volume and purchasing bargaining power of LCD panels.
Through equity swaps and deep bundling, Chen Yansen can have more say in the supply chain.
Wang Qingsheng snorted coldly, looking a little embarrassed.
He had promised Meng Yuanzhi yesterday. As for his behavior just now, he just wanted to take the initiative and lower the price. He didn't expect Chen Yansen to not give him any face.
This made him feel caught in a dilemma. If he left, he would offend Meng Yuanzhi; if he stayed in the meeting room, watching Xu Minggang and Chen Yansen chatting and laughing, he would feel a burning pain on his face.
Tao Jingwen took a look at all this, thought for a few seconds, and then stepped out to smooth things over: "Mr. Chen, this won't do! Dongfang is a key investment industry in the city. I think it's safer for each company to contribute 3%. "
While speaking, he winked at Wang Qingsheng.
"Secretary Tao is right." Wang Qingsheng echoed.
"But Mr. Wang is only willing to give a valuation of 60 billion. Frankly speaking, I can't explain this price to other investors of Orange Technology."
Chen Yansen looked at Wang Qingsheng jokingly.
After hearing this, Wang Qingsheng's face turned pale and blue, and finally he forced a smile and said dryly: "I can accept a valuation of 18 billion US dollars."
Xu Minggang looked at Wang Qingsheng with amusement and thought to himself: What an idiot! If you didn't have the boss protecting you, how dare you sit at the same table with me?
Seeing that everything was going well, Tao Jingwen couldn't help but breathe a sigh of relief.
The subsequent processes can be handed over to the finance and legal departments for coordination.
"Mr. Chen, please follow me."
Tao Jingwen waved towards Chen Yansen.
Xu Minggang realized that this was most likely arranged by Meng Yuanzhi, so he waved his hand, signaling Chen Yansen not to worry about him, and agreed to hold a welcome party for him in Luzhou Prefecture in the evening.
"Boss Xu, see you tonight."
Chen Yansen stood up and agreed directly. It was not a bad thing to make friends with Xu Minggang.
Once a company reaches a certain scale, contact with people like Xu Minggang and Meng Yuanzhi is inevitable.
As long as it is used properly, the expansion speed of the Orange Mobile Phone Factory can meet his expectations.
Otherwise, it will be difficult to break through the bottleneck of production capacity relying solely on funds as a driving force.
Tao Jingwen led the way, passed through a mahogany corridor, and finally stopped in front of an office.
(End of this chapter)
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