Reborn: Shorting My Father's Company to Become the Richest Man
Chapter 527

Funding secured (part one)

1,242 words4 min read0 views5d ago
Next

The next afternoon, Deputy General Manager Zheng's phone call came to Zhou Bingcheng's mobile phone.

"Mr. Zhou, Dening Times internal Investment Decision Committee passed the valuation of 1.5 billion US Dollar, Dening Times approved it."

Deputy General Manager Zheng's voice came from the other end of the phone, steady and solemn.

"Industrial Capital hopes that we will be the lead investor. Dening Times hopes that we will be the lead investor.

The specific quota allocation needs further coordination between Dening Times, Bidiya, and Two Central State-Owned Enterprises.

However, I hope that Green Energy Technology and Henglong will confirm the position of the leading investors."

Zhou Bingcheng is holding the mobile phone, and Zhangjiang Wutong outside the window is standing quietly under the winter sun.

"Zheng Zong, I need to communicate with Zhao Zong about the leading investor. But Dening Times's sincerity, Green Energy Technology has received it."

After hanging up the phone, Zhou Bingcheng stood by the window and looked at the bare Wutong trees for a long time.

Then he picked up his phone and sent a message to Zhao Chen.

"Deputy General Manager Zheng called. Dening Times recognized the valuation of 1.5 billion US Dollar and requested to lead the investment. The quota allocation will be discussed later."

Zhao Chen's reply arrived almost within seconds.

"Let them lead the investment. Era Vanguard can't argue."

The meeting on the third day was in Executive Meeting Room, the same room as Zhangjiang.

The Zhangjiang tree Wutong outside the window stood quietly under the winter sun, with all its branches and leaves falling, leaving only its bare branches stretching toward the sky.

The sun shone in from outside the glass curtain wall, casting a pale golden light spot on the conference table. The position was almost exactly the same as three days ago.

But the atmosphere in Meeting Room was completely different from three days ago.

When Deputy General Manager Zheng walked in, he did not sit on the side of Industrial Capital. Instead, he walked up to Zhou Bingcheng and shook hands.

Director He followed behind, the expression on his face was much more relaxed than three days ago. When he saw Zhao Chen, he even nodded slightly, and the subtle discomfort in his eyes had disappeared--

From the moment Zhao Chen said "Era Vanguard led the investment" at the negotiation table, the scales in Director He's heart were even.

Sitting at this table, he represents Bidiya, and Zhao Chen represents both the Series A investor of Green Energy Technology and the shareholder of Bidiya.

Once this relationship is straightened out, he will have nothing to embarrass.

When Representative Two Central State-Owned Enterprises sat down, he opened his notebook to a blank page. His movements were much slower and more stable than three days ago.

Zhou Bingcheng sits on the other side of Long Table, and Old Fang and Sister Liu sit on both sides.

Old Fang did not read the Pilot Testing data report today - that report was no longer needed three days ago.

Sister Liu's pen is resting next to the notebook without drawing a circle.

There is a new document in front of Zhou Bingcheng, with "Green Energy Technology Series B Financing Quota Allocation Plan (Draft)" printed on the cover.

His fingers rested on the edge of the document, and the knuckles were not white.

Zhao Chen walked in on time with Chen Xi and Su Wantang.

When he sat down, Chen Xi opened his laptop. On the screen was Era Vanguard's investment term sheet, with the English version and the Chinese translation displayed side by side.

Su Wantang placed a cup of freshly brewed Pu'er in front of Zhao Chen, then sat down on his left side, opened the notebook, and hung the pen tip above the paper.

Zhou Bingcheng spoke first, his voice was not high, but every word was filled with a kind of determination that had accumulated from the negotiation three days ago.

"Everyone, Green Energy Technology Series B financing, post-investment valuation of 1.5 billion US Dollar.

This valuation has been approved by Mr. Industrial Capital, Mr. Era Vanguard and Mr. Elon Musk.

Today's meeting only discusses one thing - quota allocation."

Deputy General Manager Zheng leaned back in his chair and folded his hands on the table.

"Dening Times's opinion has been initially communicated internally by Industrial Capital.

Era Vanguard, as one of the leading investors, holds no less than 5% of the shares.

Mr. Elon Musk followed the investment, and CATL's suggestion is-" He paused, "Two percent."

Director He took over and spoke faster than three days ago, but the solemnity in his tone did not diminish.

"Bidiya agrees. Regarding Mr. Elon Musk's shareholding ratio, Industrial Capital has the same opinion - the more, the better.

One percent is the minimum line, and two percent is the ideal line.

The certainty of Green Energy Technology entering Tesla Supply Chain has been locked by the report of Tesla Laboratory,

Every percentage point increase in Mr. Elon Musk's shareholding ratio will make Green Energy Technology's valuation anchor on the global Energy Storage Materials track more stable.

This one to two percent stake is a green channel position in the supply chain for Mr. Musk.

For Green Energy Technology, it is a global credit endorsement. Bidiya hopes that this endorsement will be as important as possible."

Two Central State-Owned Enterprises One of the representatives opened his notebook, which was filled with the key points of internal discussions over the past few days.

"The central enterprises agree to this plan. Mr. Elon Musk's shareholding ratio is recommended to be arranged at 2%.

Green Energy Technology is the first China company invested by Mr. Elon Musk. The central enterprise believes that it is worth using 2% of its shares to carry this 'first' position."

Zhou Bingcheng tapped his finger on the draft plan and turned his eyes to Zhao Chen.

"When will the representatives of Zhao Zong and Era Vanguard come? What about Era Vanguard's opinion? Will Mr. Elon Musk himself come?"

Zhao Chen picked up the tea cup and took a sip.

The tea had just been brewed by Su Wantang, and the temperature was just right. When he put down the tea cup, his eyes met Chen Xi for a moment, and then fell on Zhou Bingcheng's face.

"Elon Musk himself will appear when signing the contract. Era Vanguard has given me full authority to handle this financing. The specific legal documents will be presented to everyone by Chen Xi shortly.

Era Vanguard requires holding 5% of the shares and does not seek Board of Directors Seat.

Mr. Elon Musk followed the investment and holds 2% of the shares. Era Vanguard has no objection to these two parts."

Chen Xi's fingers tapped lightly on the keyboard twice and entered the two numbers into the investment term sheet.

Deputy General Manager Zheng leaned back in his chair and tapped his fingers lightly on the table.

Era Vanguard five percent, Elon Musk two percent.

The two pieces add up to seven percent.

A total of 20% of the shares will be released in this round of financing. After deducting this 7%, Industrial Capital will have 13% left for distribution to the four parties.

His eyes moved from the face of Zhao Chen to the face of Zhou Bingcheng, and then to the faces of representatives Director He and Two Central State-Owned Enterprises.

"CATL has a preliminary plan for the allocation of industrial capital quotas."

Deputy General Manager Zheng's voice is not high-pitched, but every word is filled with a thoughtful determination.

"In this round, Industrial Capital holds a total of 13% of the shares.

Dening Times hopes to lead the investment, and the shareholding ratio should not be less than half of Industrial Capital's total share - that is, 6.5%.

The remaining 6.5% will be distributed between Bidiya and Two Central State-Owned Enterprises."

Director He's fingers tapped lightly on the table twice, not in a fast rhythm.

End of Chapter
Prev
NovelSummaries
Next

Comments