"From today on, the Series B financing of Green Energy Technology is not priced based on RMB. It is priced based on US Dollar."
Deputy General Manager Zheng's fingers suddenly tightened around the edge of the folder.
Director He's pupils shrank slightly.
Two Central State-Owned Enterprises One of the representatives raised his head and moved his lips but made no sound.
"The participants in this round of financing include Mr. Elon Musk himself, and--"
Zhao Chen paused, "Times Pioneer Capital."
There was a slight commotion in Meeting Room.
Deputy General Manager Zheng turned his head and exchanged glances with Director He.
One of the Two Central State-Owned Enterprises representatives quickly wrote a few words on his notebook and showed it to the colleague next to him.
Zhou Bingcheng's eyes lifted from the report and fell on Zhao Chen's face.
Era Vanguard.
Among the people present, few had actually heard of this name.
Deputy General Manager Zheng vaguely remembered that during the Tesla privatization incident in the first half of this year, an offshore fund made more than one billion Options US Dollar in the Options market.
This name was mentioned in Wall Street's report, but only in name and without details.
It's like looking at a shadow through a layer of frosted glass.
Director He knows a little more - he knows that Era Vanguard holds shares in Tesla, and he also knows that this fund participated in the financing of SpaceX.
Representatives Two Central State-Owned Enterprises knew nothing about Era Vanguard, but the three words "Elon Musk" were enough to make them put down their pens and stare at Zhao Chen with all their attention.
"Era Vanguard is a US Dollar Offshore Fund, which was established less than two years ago.
Everyone here may have never heard of its name, or you may have vaguely heard of it but don't know who it is."
Zhao Chen's voice is neither fast nor slow,
"Era Vanguard currently holds more than 9% of the shares of Tesla and is the largest external shareholder of Tesla after Mr. Elon Musk.
It holds approximately 5.7 million shares of Apple and holds 5.4% of SpaceX's shares.
In November this year, Era Vanguard completed its position in Nvidia, and its current shareholding ratio is close to 5%."
The air in Meeting Room seemed to have been sucked out.
Deputy General Manager Zheng's fingers loosened from the edge of the folder, and he leaned back into the chair, his eyes falling on Zhao Chen's face, motionless.
Director He's lips opened slightly and then closed again.
He sits on this table on behalf of Bidiya, and on Shareholder Register of Bidiya, Henglong Capital's name is ranked very first.
He knew that there was some kind of connection between Henglong and Era Vanguard that he was not completely aware of but could feel.
But now Zhao Chen is standing here, reporting Era Vanguard's positions one by one in a tone that is as plain as if he is reading Financial Statement -
Tesla, Apple, SpaceX, Nvidia.
The names of these four companies put together do not require any modification. They are a microcosm of the global technology landscape.
And Era Vanguard has occupied more than one position on this map.
"Mr. Elon Musk himself will participate in this round of financing and subscribe for 1 to 2 percent of the shares.
If no Industrial Capital is willing to lead the investment, Era Vanguard can lead the investment, with a subscription of no less than 5%.
The post-investment valuation jointly given by Mr. Elon Musk and Era Vanguard is--"
Zhao Chen paused, "One and a half billion US Dollar. At today's exchange rate, that's about 10.3 billion people RMB."
Old Fang's fingers suddenly tightened on the table, and a layer of white formed on his knuckles.
Sister Liu's mouth was slightly open and he forgot to close it.
Zhou Bingcheng removed his hand from the report and placed it on the table with his fingers spread wide, as if he was holding down the entire table to prevent himself from standing up.
1.5 billion US Dollar.
10.3 billion.
From the initial quote of 5 billion by Zhou Bingcheng, to the first quote of 6 billion by Industrial Capital, to the second quote of 7 billion, and now - 1.5 billion US Dollar.
When this number came out of Zhao Chen's mouth, his tone was as plain as if he was reporting an ordinary Financial Data.
But everyone in Meeting Room knows what this number means.
It means that the valuation of Green Energy Technology has jumped from the magnitude of a domestic Energy Storage Materials start-up to the magnitude of a global Energy Storage Materials track player.
It means that from today on, any institution that wants to invest in Green Energy Technology must use the valuation system of US Dollar Capital to re-examine this company.
It means that Deputy General Manager Zheng's sentence "Without Industrial Capital's channels, Green Energy Technology's technology is just waste paper" has completely become a joke from this moment on.
"Henglong agrees with this valuation."
Zhao Chen's eyes swept over Deputy General Manager Zheng, then over Director He, then over representative Two Central State-Owned Enterprises, and finally landed on Zhou Bingcheng's face.
"Era Vanguard is willing to pay the full amount of this round of financing.
If Industrial Capital chooses to give up this round of financing, Mr. Era Vanguard and Elon Musk will share the entire financing amount."
Deputy General Manager Zheng's Adam's apple moved.
"In terms of Industrial Capital, you can choose a company to lead the investment."
Zhao Chen's voice is neither fast nor slow,
"Dening Times, Bidiya, Two Central State-Owned Enterprises, you can discuss it yourself.
The leading investor shall account for no less than half of the total shareholding of Industrial Capital.
The remaining shares are negotiated by each company.
Industrial Capital's total shareholding ratio, risk control terms, and Board of Directors Seat will be discussed separately by Mr. Zhou on behalf of Green Energy Technology and all parties."
He picked up the cold tea cup in front of him, took a sip, and put it down.
"I'm done. If you have any questions, you can ask them now."
Meeting Room was silent for a long time.
Not the kind of silence when negotiations reach an impasse, but the kind of silence where everyone is digesting the same information, but everyone digests it at a different rate.
Deputy General Manager Zheng's fingers were still resting on the cover of the Tesla test report, and his fingertips were pressing on the blue oval seal, as if he was trying to find something out of the stainless steel and composite materials.
Director He's lips moved without making a sound. His eyes fell on Zhao Chen's face, then moved to Zhou Bingcheng's face, and finally landed on Degradation Curve on the third page of the report in front of him.
One of the Two Central State-Owned Enterprises representatives turned the report back to the first page and read it again from the beginning.
Another person was writing something quickly on his notebook, and the sound of the pen tip scratching the paper was particularly clear in the quiet Meeting Room.
Elon Musk.
When this name came out of Zhao Chen's mouth, it was as light as talking about an ordinary partner.
But everyone sitting around this table knows the weight of this name on the global New Energy map.
Founder of Tesla.
Founder of SpaceX.
The man who pulled the rocket back from the sky and stood on the platform on the sea.
He has never invested in any China company, not even once.
Green Energy Technology is the first.
What does this mean? Zhao Chen doesn't need to say one more word.