I was reborn and stayed in school to lie down. I really don’t want to roll anymore!
Chapter 778 Tencent Invests in Kirin Battery
Qu Hui looked embarrassed at the moment. He first looked at Jiang Hao, not wanting to directly negotiate the offer.
It's a pity that Jiang Hao didn't respond and continued to look at Deputy Mayor Ren and Director Zhou standing beside him.
The outcome was naturally fruitless. Although Deputy Mayor Ren and Director Zhou were not particularly knowledgeable in business, they were both experienced in handling the situation on the scene.
Apart from the faint smile on his face, there was no expression on his face at all.
As for President Min who was sitting at the edge, he didn't say a word. Apart from greeting everyone at the beginning, he spent the rest of the time either drinking tea or sitting there listening to people talk.
"Boss Jiang, your price is beyond my authority."
"Kirin Battery is considered the first round of financing, right? Isn't such a high price inappropriate?"
Qu Hui didn't bargain either. At this moment, he didn't know what Jiang Hao expected the valuation to be.
He continued to play Tai Chi with Jiang Hao, trying to get Jiang Hao to give in first and cut the valuation.
"Mr. Qu, Kirin Battery is not a startup Internet company. It is an industrial enterprise."
"If it really is based on the Internet, my offer would not be tens of billions."
Jiang Hao is no longer the same person he used to be, and the price he quoted was a bit inflated.
After all, it is a manufacturing factory, and it takes time to recoup the investment, especially financing and investment will be more practical.
However, seeing that Qu Hui accepted the price he asked without having to go out to ask again, Jiang Hao knew that his price could be negotiated.
"How about this, Mr. Qu."
"I'm short of 480 billion, and the equity is no more than 20%."
With a small cut, the pressure was further put on Qu Hui.
"Mr. Qu, we all know how popular the new energy industry is now. There are car companies everywhere."
"But the only ones who actually make batteries are CATL, besides us."
"I believe I don't need to explain the value of the automobile industry itself, right?"
"The focus of Kirin Battery Factory in the past two years has been on factory expansion and research and development of a new generation of batteries. After production is expanded, it will also seek opportunities for listing. The current valuation of the shares is definitely a low point compared to the listing."
Paint cake!
Jiang Hao is now well versed in this trick.
To give the other party investment expectations, Kirin Battery’s own industry attributes and potential are here.
With the background of the Provincial State-owned Assets Supervision and Administration Commission, there is indeed a good chance of listing on the domestic stock market.
Even though Qu Hui knew that this was just an empty promise, from the perspective of the company's own development, he was still willing to take a bite of it.
Seeing that Deputy Mayor Ren and Director Zhou still did not speak, Qu Hui finally shook his head and made an offer with a helpless look on his face.
"Boss Jiang, let's stop fighting!"
"The bottom price I can accept is a valuation of 450 billion yuan and a 20% stake. At the same time, I guarantee on behalf of Tencent Group that I will not participate in the management."
"As long as the necessary financial report data can be guaranteed, even financial personnel will not be sent."
Regarding this point, on the one hand, Tencent is indeed only developing the new energy battery industry, and its focus is indeed not in this area.
On the other hand, we have to consider the face of the Jiangnan Provincial Party Committee. We know that this company has a special nature and there is no need for major financial supervision.
As long as it can get regular financial reports and knows that the company is developing normally, Tencent Group will not pay attention to anything else.
"Well, Mr. Qu, please give us some time to discuss it."
"Just ten minutes. We'll give you an answer in ten minutes."
In his heart, Jiang Hao had already agreed that the financing at this valuation was far beyond his expectations.
It turns out that Tencent Group is very wealthy!
As long as the project has potential and is in an industry that we are interested in, we are willing to pay for it.
Of course, we still asked Qu Hui to sit next door for a while.
It is better to pretend to negotiate so that the other party does not think that your offer is too high.
The other party still has to report to President Ma. Only when Jiang Hao and his team show this attitude will the other party feel that this investment is not a loss.
"Jiang Hao, this valuation is good! Does that mean Tencent is willing to pay 90 billion to Kirin Battery in exchange for 20% of its shares?"
"I agree!"
As soon as Qu Hui left, Uncle Ren's eyes immediately lit up and he nodded in agreement at Jiang Hao.
"Boss Jiang, don't look at me!"
"If I can raise such a large sum of money, I will definitely agree."
Seeing Jiang Hao looking at him, Director Zhou quickly waved his hand and nodded to indicate that he agreed with the valuation.
His face was suddenly filled with excitement, completely different from the calm and composed look he had just shown in front of Qu Hui.
“I didn’t expect to raise so much money!”
"Sure enough, we still have to pursue the development of high-tech enterprises!"
Director Zhou continued to sigh in front of several people.
He is responsible for managing quite a few state-owned enterprises, but most of them are dependent on government projects.
Kirin Battery is the first company like this.
I also truly felt the speed of development of high-tech enterprises.
Even though its valuation today is only RMB 450 billion, the RMB 90 billion in financing provided by Tencent is real.
The Kirin Battery Factory has a total of three phases, and the funds for the 10 billion dollar factory plan are now in place!
Originally, it is likely that the factory itself would have to make profits, and the provincial government, including the president of CCB Min Branch, would have to bear most of the cost.
Several people in the office confirmed the answer in just two sentences.
But they still sat there idly for a while before Andy Lau went to the conference room to invite Mr. Qu.
At the same time, the team assistants brought by Mr. Qu, including the legal team, etc., were also called in.
Mainly waiting for the contract to be reviewed and finally signed.
In fact, at this point, the matter has been completely finalized.
Liu Qingyun and Qu Hui can just take care of it, Jiang Hao is planning to leave first.
However, Deputy Mayor Ren did not seem to be in a hurry to leave. He was very interested in seeing both parties completely complete the financing, that is, sign the contract.
Director Zhou standing by felt the same way, which made Jiang Hao feel embarrassed to leave.
It took almost an hour for both parties to finally sign the agreement.
Qu Hui, along with his team, said goodbye to everyone first.
Before Uncle Ren was about to leave with the two of them, Andy Lau looked at President Min with surprise.
After hesitating for a moment, he still pulled the other person.
Seeing this, Uncle Ren and Director Zhou left first. Jiang Hao simply slowed down and stood next to Liu Qingyun.
"President Min, the first installment of the financing of RMB 40 billion will be deposited into CCB within three days."
"The remaining 50 billion will be deposited in one month."
"I understand the pressure you're under. How much do you need me to pay first?"
Listening to the communication between Liu Qingyun and President Min, Jiang Hao finally understood why President Min came here today.
It turns out that not only the big creditors came to cooperate with the financing work.
It seems that Governor Min has also set his sights on the financing from Kirin Battery and is thinking of discussing with Andy Lau to repay the funds in advance!
By the way, CCB has already loaned nearly 40 billion yuan to Kirin Battery.
30 billion is for building factories and equipment, and 10 billion is for the university's R&D laboratory.
This is a low-interest loan without any collateral guarantee, and it all depends on the government's face.
Kirin Battery received a return today, and Jiang Hao could understand why he wanted to take this opportunity to collect some money back.
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