"There are quite a few investors here. You might want to consider Hurricane Capital. This company is..."
Su Yourong briefly explained the situation of Hurricane Capital. When people at the scene heard that Hurricane Capital included Jiaming Foods and Minsheng Bank, they immediately became interested.
Semiconductors are something most people would avoid at all costs, but the banking industry is incredibly profitable.
"I'd like to ask if it's possible to spin off the semiconductor business. The food and banking sectors are quite good," a man in his fifties asked.
Lu Feng chuckled at him and said with a smile, "I understand you want to eat meat, but isn't it a bit much to go out and pick up seasonings?"
"I wonder what Mr. Lu's valuation of Hurricane Capital is?" another man in his thirties or forties asked.
“Two billion US dollars!” Lu Feng replied.
Many people at the scene frowned upon hearing the price, while those standing a little further away laughed out loud. A company valued at two billion US dollars, which is equivalent to 15 billion Hong Kong dollars, is simply a pipe dream!
"We're not the Schroders Group; we don't have that much money, and we don't want to be sucked up!"
Hahahaha!
"Since you want to raise funds, you need to tell me how long it will take for your semiconductor business to become profitable, your current technological reserves, market share, and what advantages you have compared to companies in Silicon Valley and Japan. As far as I know, when Mr. Lu founded Jiafeng Group, it was still losing money until he left!" A man in his forties glanced at Lu Feng with a flippant expression and said, "Anyone who has worked in investment over the years knows you, Lu Feng. Your company is garbage, but you fly a private jet and live in a mansion!"
These words displeased Lu Feng. It was a clear admission that he was taking money from investors. If this reputation got out, who would dare to invest in him?
"May I ask your name?" Lu Feng asked.
“Fidelity Ventures, Zhang Wantu!” the man replied.
"Do you have any evidence for what you just said? My private jet was a gift from the Schroder Group. Back then, John and I were very close, and Jiafeng Group was thriving. This man is despicable and shameless. He included clauses in the gift contract, and I blindly signed it out of trust!"
"The private jet has long been returned to him. I would never accept a gift from such a filthy person. As for the claim that I took money from investors, that's utter nonsense. I have always respected investors. What you gave me was not just money, but also your high regard for me and your affirmation of my abilities!"
"The Schroder Group did not abide by the agreement. Even at the moment of parting, one billion of the agreed investment of 3.5 billion US dollars had not yet arrived. I used 2.5 billion to invest in more than a dozen R&D centers around the world. After receiving the investment, Jiafeng Group's various products were expanding wildly. I worked hard for no less than thirteen hours a day, without holidays or rest days!"
"John is an absolute scoundrel. At his peak, our group headquarters had two accounting teams and one auditing team stationed there. Every penny had to be traced. We even added a board secretary to interfere in internal management, development, and planning. I will respect investors, but they should also trust me."
"This person is spreading rumors that I transferred investment funds to my personal account through overseas affiliated companies. Think about it, if that were true, would I have been able to get away with it? I am an honest and simple person who doesn't care about trivial matters and is willing to suffer a loss, but I am not someone who can be bullied or slandered by just anyone."
"Now that I've come to Hong Kong, I'm going to develop here. Hurricane Capital will need your support in the future. But if anyone talks about my reputation behind my back, don't blame me for being impolite. I believe that such talk of transferring investment funds is not only an insult to me, but also an insult to the investors. They're not stupid!"
After Lu Feng's impassioned speech, the crowd quieted down considerably. No one had expected Lu Feng to be someone who cared so much about his reputation; they hadn't realized it before.
“Since President Lu has clarified, I won’t say anything more. I’m unlikely to give you the two billion dollar valuation you want. However, there are quite a few investors today, so we can’t let President Su’s good intentions go to waste. You should be quite clear about the global semiconductor environment right now. It’s a hot market, and next comes overcapacity. Can you survive until the next round?” Zhang Wantu asked Lu Feng, “Please give me a brief explanation!”
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