My 1999
Chapter 819 NVC Lighting
Lu Hui put down the phone.
"Mr. Xu, he's gone. But Sun Guozhen's office was smashed by him."
"It's just a little thing. If you smash it, you'll smash it."
"Mr. Xu, will Zhao Guodong agree to our conditions?"
"As long as he's not stupid, he will agree."
He took out his cell phone and called Zhang Hongwei.
"boss."
"Raise Zhao Guodong's attention level and report any accidents as soon as possible."
"yes."
"Did Secretary Zhou agree?"
"He wants 10 million."
"Give it to him, but remember to leave evidence."
"clear."
After explaining a few words, Xu Liang hung up the phone.
There is a leash to tie the dog, but we still have to prevent it from biting back.
Zhao Guodong looked at the Magic City getting farther and farther out of the plane window, gritting his teeth secretly.
"Xu Liang, you won this round, I admit that you are unlucky.
But let’s ride on the donkey and read the songbook and see what happens, huh. "
——
At the end of April, it is already the time of late spring and early summer.
The Magic City located in the southern country is already in bloom.
What you see is full of vitality.
The Lilac Garden is a tranquil place amidst the bustle, isolating the inside and outside, embracing the spring scenery and enjoying the scenery to itself.
Xu Liang sat in the pavilion and made four cups of tea. He kept one cup for himself and distributed the rest to Zhang Ying, Shen Nanpeng and Jiang Zhe.
"Thanks."
"Old Shen, congratulations. You are indispensable for acquiring 3.5% of Bank of China's equity."
The financing of "Bank of China" has officially ended. The three institutions have spent a total of US$3.1 billion and acquired 10% of the original shares.
Among them, Royal Bank of Scotland holds the largest share, accounting for 4%.
Hanhua Second holds 3.5% of the shares.
Merrill Lynch is third, accounting for 2.5% of the shares.
"You deserve the award. The biggest contributor to our success in getting the investment is you. If it weren't for your well-received speech and the favors you earned from it, we wouldn't have gotten this big deal."
Although Shen Nanpeng was happy, he had not lost his calm yet.
He knew why he could win the original shares of Bank of China and beat Merrill Lynch.
"The company's influence is one thing, but it's your ability to win in the end." Xu Liangxiao said.
Hanhua and his influence are there.
But some people can use it to win the "Bank of China", and some people just can't.
Shen Nanpeng smiled and said nothing more.
Excessive modesty is hypocrisy.
He didn't want to leave such an impression on the big boss.
"How much money does Fund No. 6 have now?"
Xu Liang asked.
"There's another $120 million."
"That much?"
Fund No. 6 was completed in December 2004, totaling US$1.5 billion.
It's only been four months now and it's almost spent.
Shen Nanpeng smiled bitterly and said: "The Bank of China project alone swallowed up US$1.085 billion of our funds.
The remaining 14 projects, including Home Inns, Ecovacs, Hanting Hotels, Dongyi Risheng, Yezhifeng, Golden Mantis, Evergrande Group, Sunac, and Country Garden, cost us almost US$300 million. "
Xu Liang now rarely manages the specific investment projects of the funds under the venture capital department.
You will only learn about it when the amount is too large or when you read the quarterly report.
Didn't he expect that Shen Nanpeng had already invested in so many companies in less than half a year?
"With your investment speed, I'm afraid that US$120 million won't last for a few months." Xu Liang said.
Shen Nanpeng denied: "You misunderstood. The reason why I have invested in more projects in the past period is mainly because I had a certain understanding of it when I was working in the past.
So it's faster to cast.
But now my reserves are almost exhausted. If I want to invest again, I have to find projects myself and do detailed due diligence, which is not so fast. "
After Xu Liang nodded, his eyes turned to the middle-aged woman with short ear-length hair on one side, a slight smile on her lips, and curved eyebrows, exuding affinity.
"Sister Zhang, has Fund No. 3 taken over 'Little Sheep'?"
Zhang Ying nodded, "300 million Huaxia coins, taking 20% of the equity of Little Sheep."
"Little Sheep is a good project, and you have a good vision."
"I also decided to invest after reading the company's evaluation report on Little Sheep."
After a slight hesitation, Zhang Ying finally spoke.
"Mr. Xu, I have a project here that I'm not sure about, and I'd like to ask for your advice."
"you say."
"Do you know NVC Lighting?"
"You want to invest?"
Zhang Ying nodded and handed over a piece of information.
"This is the information about the NVC lighting we made."
Xu Liang took it and read it.
In 1998, Wu Changjiang, two high school classmates Du Gang and Hu Yonghong pooled together one million to establish NVC Lighting Co., Ltd.
At that time, Wu Changjiang invested 450,000 yuan, accounting for 45% of the shares; Du Gang and Hu Yonghong invested 550,000 yuan, accounting for 55% of the shares.
Seeing this ownership structure, Xu Liang put a question mark in his mind about NVC Lighting.
There is no absolute controlling interest.
There was no problem when the company was small.
As it develops, the interests involved will become more and more alarming, and the contradictions will become increasingly prominent.
The struggle for power and gain is a high probability event.
Having said this, I have to sigh that Mr. BYAT is really lucky.
I met a generous cousin and an investor who took a long-term view.
If anything is missing, Biati will fall into internal strife.
Wu Changjiang is considered a capable person. He is confused in the entire lighting industry and only knows how to make money.
He adheres to the principle of quality and never compromises, making NVC Lighting unique in the industry.
Especially in 2000, 2 million defective products were recalled in one fell swoop, creating the first recall case in the lighting industry. The reputation of the NVC Lighting brand soared, and sales of 70 million were achieved that year.
Seeing this, Xu Liang couldn't help but sigh secretly.
The current Chinese business world is really bad.
Regardless of technology and management, as long as it can produce qualified products and provide quality assurance to customers, a company can succeed.
This is true for Haier, the same is true for Xiang Torch, and the same is true for NVC Lighting.
With quality assurance, NVC Lighting is developing in full swing. In just four years, it has ranked first in the industry, with annual sales exceeding 500 million Chinese dollars.
“We were originally very optimistic about the future of NVC Lighting and had been discussing financing with them, and we were almost done talking about it.
But after entering April 2005, the conflict between Wu Changjiang, the founder of NVC Lighting, and its two partners, Du Gang and Hu Yonghong, suddenly intensified.
Du Gang and Hu Yonghong both want to divide their profits into dividends based on shares and pay them out on time.
But Wu Changjiang's intention is to continue to expand the company and use the profit money as start-up capital for new projects. No dividends will be distributed temporarily or dividends will be distributed at the end of the year.
Now the two sides have turned against each other because of this matter.
At company meetings, whenever Wu Changjiang puts forward any opinions or development directions, Du Gang and Hu Yonghong will unanimously oppose them.
However, if the equity interests of the latter two are added together, they will definitely control NVC Lighting, which puts Wu Changjiang at a disadvantage.
Now, with the internal fighting between the two parties, there are big problems in the management and operation of NVC Lighting.
Other investment institutions, including us, have shelved negotiations.
But yesterday, Wu Changjiang suddenly sent a letter to seven investment institutions, including us, that are interested in NVC Lighting, hoping to sell his 45% stake in NVC Chaoming for 100 million yuan. "
“With NVC Lighting’s qualifications and 45% equity, 100 million Huaxia coins shouldn’t be expensive, right?”
“It’s really not expensive, it can even be called cheap.
NVC Lighting's net profit in 2004 exceeded 40 million. Although the valuation of industrial enterprises is not too high, if it is listed, 10 times can still be guaranteed.
If there were no internal strife, our valuation of NVC Lighting would be 600 million Chinese dollars.
But now, in addition to internal fighting, Du Gang and Hu Yonghong's development strategy for NVC Lighting has not been recognized by investment institutions.
Moreover, Wu Changjiang is the soul of NVC Lighting. If he leaves, NVC Lighting will not only plummet, but it will probably not be as bright as before.
So we are hesitant now, should we take over this part of the equity? " Zhao Ying explained.
Xu Liang recalled the memories of his previous life.
"Does this Wu Changjiang like gambling?"
"We're not very clear about this yet," Zhao Ying said.
When Xu Liang participated in the MBA training class of China Europe Business School in his previous life, the professor in charge of the lecture once mentioned NVC Lighting and Wu Changjiang.
He had forgotten the specific content.
I just remember that this person liked gambling and once lost 500 million Chinese dollars in one night in Macau.
At its peak, the company was worth 30 billion Chinese dollars, and the largest domestic lighting industry giant, NVC Lighting, was sold to KKR for a mere 800 million.
“Investigate it, and if he likes gambling, buy his shares.
If not, give up and help him squeeze out Du Gang and Hu Yonghong. "Xu Liang said.
After Zhao Ying nodded, "Mr. Xu, if we really take over Wu Changjiang's equity, I'm afraid we will also face the same situation he faced."
"Then buy out the shares held by Du Gang and Hu Yonghong." Xu Liang said directly.
The Hanhua family has a great business, and it ruined NVC Lighting. At most, it lost some money. And it's the client's money, not his own.
But if NVC Lighting collapses, Du Gang and Hu Yonghong will suffer huge losses.
In this case, anyone who is not a fool would not choose to die together.
Cashing out is a high probability option.
"Mr. Xu, we are a venture capital company. If we acquire NVC Lighting, wouldn't it become an equity investment?" Zhao Ying said.
To be honest, she only wanted to invest and not run the business herself.
Too much trouble.
"Don't worry, if it really comes to this point, Hongyan will come forward to acquire most of NVC Lighting's shares and be responsible for the operation, leaving you with 15% or 20% of the shares." Xu Liangdao.
NVC Lighting has good qualifications. As long as its performance is stable, it can directly go public and cash out.
Totally a quality asset.
Zhang Ying nodded.
Although Hanhua and Hongyan are both assets owned by Xu Liang, they are essentially two legal persons.
Not considered insider trading.
"I'll do this immediately after I get back."
Zhang Ying said seriously.
Seeing everyone's eyes focused on him, Jiang Zhe smiled.
"Mr. Xu, you have set the investment direction of Kirin Fund. You have seen the asset portfolio. I am only responsible for daily management."
"You look nervous, I didn't ask anything." Xu Liang said with a smile.
"Director Shen won a big deal from the Bank of China, and Mr. Zhang is also a womanizer. I can't see many achievements here, so I'm nervous." Jiang Zhe said with a bitter smile.
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