"As for international relations, it is said that there are no fixed formations in warfare and no fixed shapes in water. The same is true for international relations. Judging from the interactions between countries in the major mainstream media this year, it is not difficult to see that the most tense period is about to pass. I am confident about this matter!" Lu Feng said to everyone.
The audience did not buy into Lu Feng's explanation. Currently, the European and American markets are the largest manufacturing and consumer markets. Any product that cannot be sold in these countries will basically have no chance of becoming a major player.
The Thai baht crisis has already made many people in Asia extremely nervous. With the US dollar raising interest rates and a large amount of capital flowing back, everyone knows that this is a harvest, but they are afraid that once war breaks out, the currency of a weak country will be no different from a piece of paper.
Venture capital is a multifaceted endeavor, with the most fundamental risk control being war. You must ensure that the company you invest in exists in a stable environment, followed by the market, and finally the company itself.
Seeing that everyone's enthusiasm was low, Su Yourong said, "President Lu has already given a pretty good overview of the situation. He's not a new entrepreneur; from Jiaming Foods to Jiafeng Group, President Lu is an expert in corporate management, marketing, and industry. Everyone can give it a second thought! Come on, let's raise a glass!"
Su Yourong clinked glasses with everyone, and then the topic shifted to everyday gossip, which eased the atmosphere considerably. Many people came over to talk to Lu Feng, some wanting to ask about his relationship with the Feng family, and others wanting to invest, but the conditions they offered made people frown.
One of them demanded that Lu Feng sign an absolute priority clause, which would give the other party absolute priority to dispose of Hurricane Capital's assets until the investment was recovered, should the company encounter operational problems or fail to meet the agreed requirements within the timeframe stipulated by both parties.
Lu Feng smiled when he heard the terms and ignored him. There was no such thing in the world. He didn't want to take any risks at all. If something went wrong, he would definitely sell his shares in Jiaming Foods and Minsheng Bank first. He had a really good plan.
The other party wanted a controlling stake, investing HK$5 billion in installments to acquire 51% of Hurricane Capital's equity, and planned to list Hurricane Capital within two years to make money through the stock market.
Lu Feng also rejected this investor. What kind of skill is it to cheat retail investors? Besides, how much money do retail investors have? Of course, the way to make money is to make money from the rich.
Throughout the night, they drank quite a bit of alcohol and their lips were almost worn out from talking so much. Among their words were many expressions of disdain for him, a mainland Chinese.
At 11 p.m., the banquet ended, and Lu Feng was sitting in the reception room drinking tea when Su Yourong, who had changed her clothes, pushed open the door and walked in. Seeing Lu Feng, she seemed somewhat displeased and said, "Financing isn't that simple. Do you think this is the mainland? Besides, didn't Jiafeng Group's initial funding all come from your land speculation?"
"A stranger in a strange land!" Lu Feng sighed. "It's only now that I feel this way. A few years ago, I would have had to beat up several people tonight. What kind of trash were they?"
“I told you before that the financing environment in Hong Kong is not good right now. You’re still thinking about raising more than a billion US dollars. If you can raise money at a valuation of five billion Hong Kong dollars, you should be burning incense.”
Su Yourong poured herself a cup of tea and said, "How many months are left in July this year? How many people fled Hong Kong after the Thai baht incident? You're in the semiconductor industry, and your main market is still in mainland China. How bold do you have to be to invest? If you ask me, there are only two paths now: either go back to the mainland to raise funds, or accept this valuation!"
“Go back to the mainland? The mainland can only get money from the city or province.” Lu Feng knew that there would be no money to go back. Not to mention poor places, even Shenzhen had no money. When he talked to Schroder about the plan to acquire their shares, the money was given in batches and also required funding from higher levels.
“Then there’s really no way out. It’s not very realistic for you to seek financing in Europe and America!” Su Yourong said to him.
Go to Europe or America?
He can't go to the US, and as for Europe, John has probably already portrayed Lu Feng as an utterly wicked and treacherous villain!
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