A few minutes later, a man opened the door, peeked out, muttered "crazy" twice, and closed the door.
Lu Feng was indeed tired today, and after drinking some alcohol, he quickly washed up and went to bed. Su Yourong, on the other hand, first called her secretary to inquire about the movements of Sun Hung Kai Properties.
Then they made calls to several major shareholders on the board of directors.
"Mr. Li, I apologize for being so presumptuous so late at night, but the matter is indeed a bit urgent." Su Yourong leaned against the headboard, holding the phone in her hand, and said, "I still want to ask, what are your thoughts on investing in Jiafeng Electronics?"
“I’ve been keeping an eye on this company for a while now, and I only recently heard that Sun Hung Kai Properties has invested in it. I agree with Lu Feng’s business philosophy, but I don’t know how much equity I’ll get if I invest now.” The voice on the other end of the phone was that of a man with a deep voice.
"Your relationship with him is quite special, isn't it? I just want to know, just how special?"
How unusual is it?
When Su Yourong heard this question, her heart skipped a beat. It was a difficult question to answer. If she told the other party that she and Lu Feng were inseparable, the board members would definitely be wary of her because her interests had become intertwined with Lu Feng's.
If it were just a slightly ambiguous relationship, they would feel that the relationship was too shallow and that they didn't understand enough about the core things of Lu Feng and Jiafeng Electronics.
“President Li, our relationship is like this, uh... we sleep in the same bed but dream different dreams, yes!” Su Yourong added, “I know Jiafeng Electronics very well, and I know Lu Feng even better. He is an extremely ambitious person, otherwise Mr. Feng would not have invested in him.”
"What is the current shareholding structure of Jiafeng Electronics?" the other party asked again.
“They diluted 30% of the equity to create an employee stock ownership plan. This portion of the equity does not participate in board decisions. Sun Hung Kai holds 5%, and there seems to be a foreign institution involved. There was a corporate debt-to-equity swap of 50 million or 100 million, and the rest all belong to Lu Feng. The future financing potential is very large,” Su Yourong replied.
"If we enter this time, will future financing dilute our equity?" the other party asked again.
“No, according to the signed agreement, Lu Feng is the largest shareholder with more than 20% of the shares, and all the shares transferred in the financing will be transferred from his shareholding,” Su Yourong replied.
What's the price?
“I recently discussed with him a valuation of 15 billion. They are working on opening up international trade channels, and their VCDs are doing very well in the domestic market. It’s 1 billion, or 7.5% equity!” Su Yourong said tentatively.
There was a pause on the other end of the phone. In fact, the board of directors had always felt that investment in the mainland was unnecessary, but as a company that wanted to catch up with Sun Hung Kai, it had to compete with Sun Hung Kai in certain areas.
"One billion?" Mr. Li hesitated. Buying 7.5% of the shares of a mainland electronics company for one billion would be a laughing stock if word got out, but the problem is that Sun Hung Kai has already invested, which means Mr. Feng is very optimistic about it.
"We'll hold a board meeting in the next couple of days to discuss this further, and then consult with a consulting firm. We need to be cautious about such a large investment."
“Okay, no rush. There’s something else. This money can’t be invested directly. You know the situation inside the board right now. As the executive director, I could easily be ousted. So, I propose that we gather a few major shareholders we know well and have a meeting. Then, without going through the board, we can get a loan directly from the bank and transfer the money to Jiafeng Electronics through the bank. Then, we can have Jiafeng Electronics issue a debt-to-equity swap agreement!” Su Yourong pondered.
"That works too!"
The phone call lasted until 2 a.m. Su Yourong finally understood everything. She showed submission to Sun Hung Kai, tried to win over the core directors of Chen's Capital, and relied on Lu Feng. She was very clear that both Sun Hung Kai and Chen's Capital would be vying for Jiafeng Electronics in the future.
The next day, around nine o'clock in the morning, Lu Feng arrived at the company. Since he hadn't brought any clothes with him, he had someone buy him a suit because he was meeting with Vice Mayor Liu that day. It was a formal occasion, and Su Yourong was not suitable to appear.
At the Jianguo Grand Hotel, the driver parked the car at the entrance. The doorman opened the car door, gestured for guests to enter, and said, "Distinguished guest, welcome to the Jianguo Grand Hotel."
Some of the company's vice presidents got out of other vehicles. Lu Feng straightened his suit slightly and walked upstairs under the guidance and escort of a group of staff.
Li Guangfa arrived at the office at 7:30 in the morning. He only had one thing to do today: wait for Lu Feng to call back. He waited until after 9 o'clock, but there was still no news. Li Guangfa couldn't wait any longer, so he asked his subordinates to call the company and tell them that there was only one hour left.
In the elevator, a vice president's cell phone rang. After finishing the call, he whispered to Lu Feng, "President Lu, Guangfa Trading Agency has sent a message saying they're giving us one last hour, otherwise they'll assume the cooperation has broken down and will announce it publicly."
"Announce? Announce what?" Lu Feng's profile was as resolute as a steep mountain peak. He said in a low voice, "Do whatever you want. Tell them not to wait for me to submit. It's impossible for me to do so even if I die."
The vice president nodded to indicate that he understood.
After exiting the elevator, he found a landline and called his department, saying, "Have the public relations department tell Guangfa Trading Agency not to have unrealistic expectations; they'll never have any even if they wait until they die."
After hanging up the phone, he said to the department head, "President Lu warned Guangfa Trading's agents... well... he said... let them wait to die."
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