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Chapter 709 Game
The reason why they were so nice to Zhang Yang was not only due to their own reasons, but also because he invested in BYD, otherwise they would have given him even less.

Secretary Li spoke up at this time: "Our boss has never been interested in taking a large share of a company, but it is meaningless if it is too small. His ideal state is 10%.

Of course, we won’t offer it at the price of your company’s first external financing. You can raise whatever price you want. "

Huang Shilin refused without thinking: "10% is too much, and it is unhealthy for the ownership structure."

Secretary Li immediately smiled and said: "As far as we know, you still own 98% of your company's shares, which is very healthy."

"You didn't include debt-for-equity swaps," Huang Shilin retorted.

"Why should we include uncertainties?" Secretary Li said with a smile but indifferently.

Huang Shilin and the people in the surrounding companies looked at each other for a few times, then looked at Zeng Yuqun and quickly said: "If this is the case, in addition to the 300 million shares, Director Zhang needs to buy them at a price of 30 yuan per share, and 10 % is still too much, we can only sell another 5%."

Obviously they also thought too much. According to listed companies, the price-to-earnings ratio is generally 10 to 30 times. Last year, their company’s net profit was about 9.7 million.
The quoted price of 30 yuan per share is calculated as 15 times, which is also within a reasonable range. It is neither high nor low, showing the Confucian golden mean.

"Three million shares are too few, and 300 yuan per share is too high. I'd like to buy 30 million shares, plus 1000 yuan per share to get 6.18%." Secretary Li suggested.

10 to 30 times is based on listed companies. Is Linde Generation a listed company? Of course Secretary Li wants to start lowering the price. This is financing, not buying stocks.

Then the two sides started a heated conversation about the stock price and the number of shares.

Other members of both teams also began to fully participate in the battle, and the quarrel showed no sign of stopping for more than half an hour.
If no one intervenes, they can quarrel forever. For both parties, this is an opportunity to show their abilities in front of the boss.

Zhang Yang and Zeng Yuqun felt a little irritable when they heard the quarrel.

Fortunately, Zhang Yang had Liu Yifei by his side, and the two of them were chatting and discussing something in a very interesting way.

Zeng Yuqun frowned slightly when he saw Zhang Yang's gesture, and gave Zhang Yujie a look. After seeing this, Zhang Yujie nodded slightly and said loudly: "Director Zhang, it is not an option for them to continue discussing like this. Do you have any other ideas?"

As soon as Zhang Yujie finished speaking, the entire conference room slowly became quiet.

Zhang Yang raised his head, looked at Zhang Yujie, pondered for a moment and said, "It still depends on what you mean. In the end, you manage the company.
Anyone who knows me knows that I have never been involved in business management, and I am not good at it. "

Zhang Yang kicked the ball back and left the problem to them.

"In this case, we will give you 3.14 million shares on March 500th." Zeng Yuqun opened his hand and said to Zhang Yang. He also made great determination after considering many aspects.

After all, in addition to being a rich man, Zhang Yang is also very strong in public opinion. Sometimes public opinion can kill a company.

At that time, Bawang Shampoo was so popular that it was half-dead because of a false report.

Five million shares are equivalent to just over 1% of Linde Generation's current shares.

Zhang Yang only remembered that before Linde Generation went public, there was an operation that gave away 10 shares for every 20 shares. If this is the case, 1500 million shares will be obtained.

At its peak, Linde's stock price was more than 690 yuan per share. Zhang Yang only had to pay more than 1500 million yuan and receive about 100 billion yuan a few years later. A rate of return of more than 600 times is enough.

But people's hearts are not so easily satisfied. Huayi has made more than 800 billion out of 30 billion in size. This is a trillion-dollar Ningwang, a rare occurrence in decades, and only 100 billion is too little.

Now that he has the idea of ​​​​going for a walk, he will not think that he has too much money.

Zhang Yang touched his chin and thought for a while and then said: "Your company currently has a total of 4.78 million shares, how about I give you a share?"

He wants 2200 million shares worth 3 yuan. In this way, he holds 4.4% of the company's shares.

"No, this is too much." Wang Shilin immediately objected.

"I heard that you only spent more than 15 million to get back 8900% of the shares from Xiaoli." Secretary Li said calmly at this time. At this time, he must agree with the boss's view.

People from all generations of Lin De looked at Secretary Li in surprise. Zhang Yang's men found out about this trivial matter.

"Director Zhang, it seems that this cooperation can only be temporary..." Zeng Yuqun was halfway through speaking. Zhang Yang raised his hand to stop him from continuing to speak. Instead, he said to Secretary Li: "How much funds have we prepared for Mr. Zeng? one time."

"We currently have US$20 billion." Secretary Li said calmly.

"Don't you want stable funds, Mr. Zeng? All these 20 billion US dollars will be given to you, and you can also swap debt for equity." Zhang Yang said proudly with a wave of his hand.

Zeng Yuqun and others all looked at Zhang Yang. They had only one feeling: Zhang Yang really had no friends.

However, Linde Generation will definitely not ask for so much. Their company is currently only so large.
Now that Zhang Yang is accepting so much debt-for-equity swap, he will still hold more than 30% of the shares based on a price-to-earnings ratio of 30 times. This is very unhealthy.

Liu Yifei also looked at Zhang Yang and Secretary Li in surprise. She knew that Zhang Yang had more than 11 billion US dollars.
Now directly speaking of US$20 billion, she was certain that Linde would not accept it. After hearing this, she felt that business negotiations were still somewhat interesting.

"Director Zhang, there are too many that exceed our development needs." Huang Shilin shook his head.

"How many? At present, power batteries are in the era of horse racing. The competition is to see who develops faster, one step ahead, and one step ahead." Zhang Yang said nonchalantly.

"It seems that Director Zhang is really serious about gambling." Zhang Yujie said with a smile.

"No, no, no, I was gambling in 97-98. After all, that was my entire net worth. Now this 20 billion US dollars seems to me..." Zhang Yang shrugged, and then sighed to Liu Yifei beside him. : "I have too much money and I don't know how to spend it. It's annoying!"

People from the Linde generation silently looked at Zhang Yang's pretending pen. They also wanted to pretend like this, but they didn't have the capital.

Zeng Yuqun still shook his head, they still couldn't accept it.

At this time, Secretary Li turned around and suggested to Zhang Yang softly: "Boss, why don't we go to BYD and China Innovation Bank to have a look? It's still easy to spend the money." The conference room was now very quiet. Everyone could hear the noise. Although Secretary Li spoke in a low voice, people from all generations of Linde also heard it.

Their expressions were ugly. Zhang Yang was beginning to reveal his plan. If you don't accept my investment, I will invest in your competitors.

Not to mention that BYD is currently the leader in the power battery industry. They accounted for 20% of the domestic market share last year, while Linde only accounted for 10%.

"Director Zhang, you may not know that the current domestic guidance policy for the power battery industry has been greatly biased towards increasing the energy density of batteries.
That is to say, we are more inclined to ternary lithium batteries. Our company has made the right bet on the development direction of the national industry. Huang Shilin said very proudly at this time.

Secretary Li smiled slightly and said to Huang Shilin confidently: "Mr. Huang, why does the country want to develop new energy?"

After he finished speaking, he replied calmly: "In addition to environmental protection, I also want to get rid of constraints on other energy sources. What is one of the main materials of ternary lithium batteries?
Cobalt, two-thirds of its production is in Congo. The country will not get rid of its dependence on one energy source and be constrained by cobalt!

Besides, if ternary lithium is really so important, why doesn’t your company give up on lithium iron carbonate batteries? I think BYD basically doesn’t touch ternary lithium. "Secretary Li's words have another meaning besides analyzing the situation. This strategy may change.

Huang Shilin suddenly said: "Director Zhang, this place in Linde not only has good food, it is also a good place that attracts people."

Secretary Li frowned when he heard this. The boss had stayed here and his career started to take off from here, so he was somewhat popular.

What’s even better for Linde Generation is that the CEO Huang Shilin who just spoke was a soldier under the boss.
Although one is the local boss and the other is a grassroots cadre, who knows if they have met at that time.

And the boss currently recognizes this thing. After all, he is willing to help fellow villagers in rural areas.

Zhang Yang secretly complained when he heard all this, I want to discuss business with you, but you are actually comparing your relationship with me. Isn't this forcing me to pretend?
He turned to Liu Yifei and said: "I have another song similar to "Wanjiang" that I would like to ask someone for advice."

"Then go. I heard that the old man admires your "Wanjiang" very much." Liu Yifei made a good compliment.

A silent confrontation began, and Linde was a little defeated. After all, they did not invest in their brother-in-law like Gilly, so this little love was nothing! And he has been to many places.

Besides, the people Zhang Yang could meet were pretty good, and there were far fewer detours than them.

In the final analysis, Linde Generation's current size is too small. If they currently have a valuation of 100 billion, they will be able to speak more forcefully.

The conference room fell silent again. Secretary Li was talking to Zhang Yang, and Lin Deshi also started a discussion.

After a while, Zeng Yuqun said with a smile: "We will give Director Zhang the whole package, but 20 billion US dollars is really not enough. After all, we still have 30 billion debt-for-equity swaps. Just like the investment, we only need a 10 billion loan." "

"They took so little and gave you one billion. I took so much and only gave you one billion, which is too little. I'll give you five hundred million dollars." Zhang Yang said with a hand.

"It's too many. Director Zhang, we are still the same family." Zhang Yujie said, he was playing the emotional card.

After Zhang Yang heard what the old man said, he touched his chin again.

"I think each of us can take a step back and let's give it 15 billion!" Liu Yifei suddenly suggested after seeing the vicissitudes of life on Zhang Yujie's face.

"Ms. Liu's proposal is good, Director Zhang, what do you think?" Zeng Yuqun immediately agreed to Liu Yifei's proposal, but this also made Zhang Yang a little embarrassed.

Zhang Yang looked at Liu Yifei. She was calm as she looked at Zhang Yang.

"Okay, just 15 billion, you are responsible for spending the rest for me." Soon a smile appeared on Zhang Yang's face and he joked to Liu Yifei.

"Let's buy an island, and we can spend it slowly on a mountain." Liu Yifei said playfully.

Hahaha, the whole conference room was filled with laughter. Firstly, what Liu Yifei said was indeed interesting, and secondly, the matter was finally over.

The next step is the signing of the contract between both parties.

Zhang Yang spent 6900 million to buy 2200 million shares this time, and there was also a debt-to-equity swap of 15 billion, which will be converted into about 3600 million shares in July this year.

These 5800 million shares will then account for 9.6% of CATL’s shares.

Even if it will be diluted later, when 10 shares are given for every 20 shares, it will become 1.74 million shares. At its peak, its value was around 1200 billion. Zhang Yang probably earned a little more than 75 times. Although the multiple is not much, the base is large.

"Director Zhang, there is still room for us to cooperate in the future." Zeng Yuqun said when shaking hands with Zhang Yang after signing the contract.

"I won't let anyone tamper with our company." Zhang Yang knew what he meant, so he promised. But then he said: "But the remaining Director Zeng needs to deal with it well."

This time he gave Zhang Yang so many shares, and the previous financing parties must have had objections.

Fortunately for others, China Merchants Bank has a strong background and Zeng Yuqun is very busy.

Zhang Yang is not panicked at all. If there is any place in China that has the deepest understanding of Zhang Yang's influence on real enterprises, it is Shenzhen Town.

Not to mention BYD and Tengxun invested by Zhang Yang, after Shenzhen Development Bank asked Liu Yifei to endorse them, a considerable number of employees of Tengxun and BYD switched to their bank cards as salary cards.

And coincidentally, the headquarters of China Merchants Bank is in Shenzhen.

Zeng Yuqun shook his head and said nothing, but Zhang Yujie invited: "Director Zhang, come and have a good look around our company this afternoon."

Zhang Yang raised his hand and looked at the time. It was only a few minutes before three o'clock. He couldn't wait until five or six o'clock for dinner.

"No, how about we have afternoon tea together." Zhang Yang suggested.

(End of this chapter)