“I think this valuation is too low. We can achieve it within three years. Jiafeng Electronics is already worth more than 5 billion yuan.” Lu Feng sat there and looked at the people present. “That’s all I have to say.”
The people present were astonished. They hadn't expected Lu Feng to be so professional, and they certainly hadn't expected Jiafeng Electronics to develop so quickly in just one year. It was simply phenomenal!
The data provided by Lu Feng is largely fabricated, intended to inflate the valuation.
However, Jiafeng Electronics' future is indeed very promising.
Who wouldn't be tempted by a company like this? Only a fool would say they wouldn't. It's blatantly obvious; once you invest, the future returns will be several times higher.
"Mr. Lu, are all these data you mentioned accurate?" the man in blue asked.
He saw that Lu Feng's expression had softened considerably, he sat up straight, and the disdain on his face had faded a lot. Everyone else present was in a similar state.
These people smelled the scent of money.
"Of course, if you don't believe me, you can send a team to investigate," Lu Feng said in a deep voice.
"I know there are many people in mainland China, but is the television market really that big?"
"I've heard things have gotten better in the last two years, but I'm not really sure."
"Didn't I see someone on TV eating tree bark last time?"
Lu Feng was amused by their words and couldn't help but say, "Mainlanders not only gnaw on tree bark, but they also live in trees, and they're all monkeys."
Hahahaha!
Everyone laughed, and the atmosphere eased considerably.
"You said Jiafeng Electronics is valued at 10 billion, does that mean you plan to raise funds at a valuation of 10 billion?"
"That's right!"
Those present shook their heads. It was undeniable that Jiafeng Electronics, as described by Lu Feng, was very attractive, but with a valuation of tens of billions, it was still a mainland company.
Extremely difficult!
Most investors don't know much about that area and believe that its market potential is small, making it almost impossible to nurture a company valued at tens of billions.
If it's a Wall Street company, that's normal.
“If the information you provided is true, then I am interested. However, a valuation of 10 billion is too high. Is this valuation for the next three or five years?” the man with gold-rimmed glasses asked.
Three years!
"How about this, I can bring a team over to take a look, and then find a consulting firm to do a report. If it's suitable, I'll give you a 50% discount, and you can submit it!"
"I have a similar idea. How many people are currently on your board of directors?"
“I am the largest shareholder, and the rest are employee stock ownership.” Lu Feng was already somewhat unhappy, as the valuation had been cut in half.
Upon hearing that it was the first round of financing, everyone exchanged glances and thought that the valuation could be reduced further.
“I think the valuation can be lowered further. We can do two rounds. In the first round, we can invest at a valuation of 3 billion, and then invest at a valuation of 10 billion. In the third round of financing, you can ask for a higher price, and we can also make some profit.”
Everyone nodded in agreement.
Lu Feng's face darkened. The other party had no respect for him at all. They cut the valuation from 10 billion to 3 billion, first using a small amount of money to gain control of the shares, and then raising it to 10 billion. They used a small amount of money to show outsiders, and later they would definitely let Lu Feng use the high valuation to fool fools.
"I can't do it!" Lu Feng shook his head and refused.
"Mr. Lu, you're a businessman, you should know a thing or two about the game of fundraising. Your valuation is too high, no one will invest in you. If we don't invest in you, there aren't many people left in Hong Kong."
Although the other person's words sounded like they were saying it was for your own good, their tone was completely threatening.
As Sister Wu stood by, seeing that the matter was about to fall apart, she was just about to speak up to smooth things over when the waiter suddenly pushed the door open and a man in a gray suit and black-rimmed glasses walked in.
"Who are you?" Sister Wu asked.
"Which one of you is Mr. Lu from the mainland?" The man ignored Ms. Wu and asked the people present.
"I am, and who are you?"
"Hello, Mr. Feng would like to invite you over. Are you free now?"
"Mr. Feng?" Lu Feng pondered for a moment, not knowing anyone named Mr. Feng, and asked, "Which Mr. Feng?"
"Mr. Fung from Sun Hung Kai Financial is the person who invited us to tonight's dinner."
Lu Feng stood up abruptly, looked at everyone present with a resolute expression, and walked out without saying a word.
The people present grew anxious. Lu Feng's company still had great potential, and they really wanted to invest. After all, it was a company that would make money right after they invested. They asked anxiously, "Mr. Lu, about the investment?"
Lu Feng walked to the door, stopped, and said coldly, "Investment? You're not qualified!"
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