At 3 p.m., the parking area in front of the villa was full of cars. A dozen men in suits and ties got out, carrying briefcases and looking very impressive. They exchanged a few polite words and chatted for a while at the door.
"Mr. Zheng is here too? Hello, hello!" A square-faced man in his forties took out a business card and handed it over, saying, "I am the general manager of Huifa Fund. I have long admired your name. May I ask where you work now?"
“I’m now the head of Goldman Sachs Capital in Hong Kong. It seems everyone is very interested in Jiafeng Electronics!” Mr. Zheng said with a smile.
"I am interested, but I think the valuation is too high, the price is too high!"
The Morgan executive nodded in agreement, saying, "I don't think investing alone is worthwhile; the risk is too high. If there's follow-up investment later, we can add more."
Everyone nodded in agreement!
Lu Feng's valuation was 10 billion yuan, with a financing of 500 million yuan and a 5% equity stake. There was no bias in the internal decision-making process, so the price was a bit expensive for them!
A group of people held a brief meeting at the entrance, whispering and discussing endlessly, which Lu Feng could see clearly from the observation deck.
"What are they doing?" Zhuang Yuntian asked curiously from the side.
"They conspired to scam me!" Lu Feng turned around and walked towards the reception room.
Lu Feng had guessed the possibility of joint investment from the beginning. They lacked confidence in the mainland market and in Jiafeng Electronics. Now, large international companies were eyeing the mainland market and wanted to try their luck, but they were afraid of investing too much and getting bogged down.
A dozen minutes later, the group entered the villa. The villa's living room was already quite large, but it still felt a bit crowded with more than twenty people. The housekeeper came over to pour tea.
“Mr. Lu, hello, I am Zheng Long, the head of Goldman Sachs Capital in Hong Kong!” Mr. Zheng extended his hand and shook hands.
"I'm the head of Morgan Stanley Investment here, my name is Merry!"
The group introduced themselves one by one, with names like Jack and Ellie, which Lu Feng couldn't remember clearly and was too lazy to remember. After exchanging pleasantries for a while, he sat down.
"After all this time, the fact that you're all sitting together today means you're one step closer to investing in Jiafeng Electronics. I believe you all know Jiafeng Electronics very well by now, so I don't need to say much more, right?" Lu Feng introduced Zhuang Yuntian to everyone and said, "This is Zhuang Yuntian, the person in charge of Fulong Fund in mainland China. He knows Jiafeng Electronics quite well."
"Mr. Lu, we have already reviewed the publicly available information, but we cannot find some of the things you mentioned. You said your family is very powerful, with official connections, and that Jiafeng Electronics acquired hundreds of thousands of acres of land?"
What they couldn't find out was all lies told by Lu Feng!
"That's right. You can't find out about the family matters. That's a state secret, and it's very high-level, especially regarding my grandfather. As for the land, some of it isn't under Jiafeng Electronics' name. Having so much land under one company's name is very risky. President Zhuang knows a lot about this."
Lu Feng looked at Zhuang Yuntian and said, "At the dinner party I had with you half a year ago, those people from the province were also there, and they talked about this situation."
Zhuang Yuntian watched as Lu Feng leaned back on the sofa and spoke very naturally, as if recalling that dinner party. However, Zhuang Yuntian had only ever eaten that one meal with Lu Feng.
It was Huang Youwei!
"Is...is there?" Zhuang Yuntian didn't want to help him. He was there to ask for money, why would he help him lie?
"You really have a bad memory. Back in July, at the Supreme Hotel in Changsha, I even introduced you to someone. But you got drunk and insisted on going to karaoke, that embarrassing time." Lu Feng recounted the story vividly, patting his shoulder and saying, "You blacked out."
Lu Feng placed his hand on Zhuang Yuntian's shoulder and patted him lightly. He looked at him, and the meaning was very clear: he was asking him if he wanted the fifty million.
"Oh...oh, I remember now, that's right, so much land really can't be under one company's name, it's too conspicuous." Zhuang Yuntian said with a smile, "President Lu, you were drunk the other day, and you even called yourself an idiot."
At this point, even if Lu Feng, the biggest fool, had to admit it and nodded repeatedly with a smile, let alone the second fool.
"Let's put aside the land and family background for now. I'd like to ask, how long will it take for Jiafeng Electronics to become profitable?"
"The current losses are not too great within two years. It's just that we need money for R&D, market expansion, and other development. I am confident that Jiafeng Electronics will become one of the top three in mainland China within two years, and we will also expand into overseas markets," Lu Feng said with a serious expression.
Everyone nodded, seemingly quite satisfied. Looking at Lu Feng's entrepreneurial resume, he certainly had the ability to do it.
Mr. Zheng flipped through the folder and asked, "Mr. Lu, isn't Jiafeng Electronics' valuation too high right now? A price of 10 billion might not be reached in the next three years. The information I have is that you are valued at 1 billion, and 500 million for 5% equity is too high."
"So what do you mean?" Lu Feng asked.
"It's not my idea, it's our idea. The six of us want to make a joint investment, with each of us contributing 50 million yuan, for a total of 300 million yuan in exchange for 10% equity. We also want to appoint relevant personnel to oversee the finance, planning, marketing, and R&D departments."
"At the same time, we want 10% of the voting rights on the board of directors, as well as the right to veto equity dilution and the appointment and removal of senior executives!"
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