Round B Funding

"Everyone, please calm down!" Tang Shizhe pressed his hands downward as he looked at the reporters buzzing with discussion below the stage.

"This decision was made after careful consideration. Because our parent company, Titan Group, has other investment plans that require capital to establish new subsidiaries, we have decided to issue dividends!"

"With this dividend, the Eagle Country-based Sman Group, which holds twenty percent of Titan Environmental, will receive 120 million, while our parent company, Titan Group, will receive the remaining 480 million!" As Tang Shizhe finished speaking, Jiro, the president of Sman Group who had made a special trip to attend, stepped onto the podium to shake hands with him.

A flurry of camera flashes erupted from the audience. Although the organizations they represented had received public relations fees from Tang Shizhe to keep his identity under wraps, that did not mean Jiro couldn't be exposed.

"As for the second piece of news, it is that Titan Environmental will be launching a brand-new product, which we call the Purification Tree 10ini!"

"Please look at the big screen, everyone!" Tang Shizhe pointed toward the large screen, where a cylindrical pendant the size of two fingers gradually appeared.

"This Purification Tree is specifically designed for people when they go out! The volume of the Purification Tree 10 is relatively too large, making it unsuitable for people to carry around."

"But this Purification Tree 10ini is different. You can hang it around your neck, on your belt, or even on your mobile phone! In short, it weighs only fifty grams and can guarantee air quality within a 1.5-meter radius!"

"Of course, due to its small size, the energy it can store is insufficient for it to operate outdoors for long. Aside from absorbing solar energy, it must be placed into a Purification Tree 10 at night to replenish its power!" Tang Shizhe spoke with great enthusiasm.

At this point, he couldn't help but secretly gloat. This was a bundled sale; if they wanted to buy the portable Purification Tree, they had to buy the Purification Tree 10.

Those who had already purchased the Purification Tree 10 would definitely be unable to tolerate the polluted air outside and would certainly buy the portable version. It was not impossible for a single family to buy two or three of them!

And if a family bought three, they wouldn't have enough Purification Tree 10 units to charge them all at night, so they would end up buying even more.

Tang Shizhe could fully foresee that if not for the production capacity constraints, his sales figures for the Purification Tree would have already gone through the roof!

"The third item is that we have accepted an investment from Victor of the Sunset Empire, totaling 200 million USD, in exchange for a five percent stake in Titan Environmental!"

"After dilution, Sman Group will hold nineteen percent of the shares, while Titan Group will hold seventy-six percent."

"We will use this entire financing amount to expand our production lines, aiming to increase capacity to four times the original, while also adding new lines to produce the Purification Tree 10ini!"

"Additionally, online pre-orders for both the Purification Tree 10 and the Purification Tree 10ini are now open, and orders will be shipped in the order of payment!" Tang Shizhe finished, bowed, and walked off the stage.

The next day, major newspapers and news outlets reported on the press conference. Those focused on the first piece of news were investment institutions and angel investors from all over the world.

These people watched with envy as Sman Group easily earned 120 million USD in dividends in just two months. One had to realize that this was only the company's first product launch, and they hadn't even expanded their production lines yet!

With the sales of the first product still increasing over time, this company was nothing short of a cash cow!

Based on a price-to-earnings ratio of ten, Sman Group's nineteen percent stake was now worth a full 1.9 billion USD!

Envy, jealousy, and hatred! Why didn't I have the foresight to invest back then? This was the most genuine thought among investors worldwide.

Compared to these investment firms and angel investors, the general public was more concerned about the release of the Purification Tree 10ini, which was priced at only fifty USD, or three hundred RMB!

What does three hundred yuan buy? It buys the health of one's family!

Is it expensive? Not at all! This price was acceptable to over seventy percent of families in the Xia Kingdom.

Those who had already purchased the Purification Tree and become addicted to pure air flocked to the Titan Environmental official website, waving their money.

By this time, the pre-order option was already posted on the homepage.

The Purification Tree would begin shipping as it was produced, but the Purification Tree 10ini would require a full two-month wait.

These two months were the time Tang Shizhe needed to renovate the factory buildings and install and calibrate the equipment.

Inside Tang Shizhe's office.

Tang Shizhe sat on the sofa with his legs crossed, looking at Tang Yi, Tang Er, and Tang San standing before him.

"Boss, the work of secretly acquiring the surrounding factories has been completed."

"We easily took over the abandoned factories at only ten percent above their original price, but for those still in production, the cost was somewhat high—a full fifty percent above the market average!"

"The total cost to acquire all the factories was 1.02 billion RMB, but the extra land is enough to support us for at least one more expansion."

"The estimated renovation budget is about 280 million, and the equipment budget will require another 1 billion RMB."

"If everything is settled, our production capacity will be able to expand to five times the original, with an additional production line for the Purification Tree 10ini capable of producing 500,000 units per day," Tang Yi reported to Tang Shizhe while holding a tablet.

"Is there any shortfall in funds?" Tang Shizhe asked after taking a sip of iced cola from a goblet.

"No, Boss. Titan Environmental has 1.4 billion in self-owned funds, and the 1.2 billion RMB from the financing will arrive soon."

"Plus the 2 billion in pre-order payments for the Purification Tree 10 and 10ini currently online."

"We have a total of 4.6 billion in funds available. After deducting the costs for expanding the production lines, we will still have 2.3 billion left," Tang Yi shook his head, indicating there was no pressure.

"Very good, next!" Tang Shizhe waved his hand to dismiss Tang Yi, then turned his gaze to Tang Er.

"Boss, I have already met with Victor, the president of Victor Investment, on your behalf. The new financing contract has been signed, and we have already sent our plant to lurk by his side," Tang Er said hurriedly.

"Not bad. What about Tang San?" Tang Shizhe shifted his focus to Tang San.

"Boss, the work you assigned to me has been completed."

"Titan Biotechnology, a subsidiary under our Titan Group, has been established. We spent 100 million RMB to purchase a bankrupt battery OEM company in the neighboring city. Tang Wuyi has already headed there to prepare for the renovation of the factory and to streamline the personnel structure." Tang San placed the tablet in front of Tang Shizhe; the screen displayed the logo of Titan Biotechnology.