Chapter 772: Die for the King

"There are no plans to go public in the short term."

Lu Liang picked up his teacup, took a small sip, and completely ignored the serious expressions on the faces of the two men.

Just as they guessed, Tianxing Auto will not go public, at least not in the short term.

After all, going public is for better financing, and Tianxing Technology has already made a profit by adding smart packages to its competitors.

Although Tianxing Auto is still operating at a loss, if it maintains its current growth momentum, profitability is only a matter of time.

Companies that don't lack funds generally don't go public, especially given Lu Liang's almost obsessive desire for control over his own industries; he would never allow Tianxing Auto to go public so easily.

However, a question arises for them: what is the purpose of investing in a company that will not go public in the short term?
A billion or eight billion US dollars is not a small amount. If you want this investment to have a high return, the company must go public.

If they're looking to reap dividends from profits a few years from now, they might as well buy shares in Apple or Amazon.

After pondering for a long time, Damon asked again, "Lu, is there a specific timeframe for this short period?"

If Tianxing Auto is a fledgling company with an uncertain future, then as investors, they could simply sign a performance-based agreement requiring the company to go public within three or five years.

For example, NIO and Panda Interactive Entertainment were basically pushed to go public, which is a common practice for venture capital firms to invest in them.

In contrast, Tianxing Auto, although it launched its Series E financing due to a lack of funds for development, Lu Liang dressed up this financing in a glamorous guise of 'sharing'.

The financing was simply to share his joy and the honor brought by Tianxing Motors; it could be as grandiose as he wanted.

Although it may seem hypocritical, it ultimately has a solid foundation; financing is not its only way to obtain development funds.

It's worth noting that Tianxing Automotive has a valuation of $480 billion, but its debt ratio is a paltry 3.25%.

If Lu Liang wanted to, he could easily secure hundreds of billions of yuan in loans from state-owned banks, local governments, Tianxing Public Fund, or Tianxing Financial.

What you can't have always stirs your heart, leaving you with no choice but to passively sign a gambling contract that's akin to a servitude. Meanwhile, those who are favored are fearless, willing to invest or leave at will.

There is no specific deadline at the moment.

Lu Liang smiled and changed the subject: "However, the listing plan for General Tianxing has been officially approved."

Damon and Masamura Hiroki's eyes lit up, and they hurriedly asked for more details. Lu Liang answered them all without reservation.

Half an hour later, the three of them walked out of the reception room, chatting and laughing, each with a bright smile on their face.

“Lu, it was a pleasure talking to you.” Damon called his assistant and handed him a subscription contract worth one billion US dollars.

Hiroki Masamura smiled broadly and had his assistant hand him a subscription contract worth eight hundred million US dollars.

"I just wanted to share our joy with everyone."

Lu Liang's smile remained unchanged. The $1.8 billion was the entry ticket, and they would lead the next round of financing for General Star.

He revealed the entire IPO plan for GM Tianxing, which would first involve separating the equity from Tianxing Motors.

Then, under the guise of establishing a branch factory in Germany and conquering the European new energy market, they launched an IPO to raise funds.

This attracts a large amount of investment from international institutions. The more money they invest, the higher the valuation, and the more money they make after listing.

After all, with Tesla's $2000 billion market capitalization as a precedent, everyone wants to earn as much as possible, which gives them the right to compete with Tesla in the financial market.

It doesn't matter if Lu Liang's equity is diluted multiple times, as long as Tesla's potential in the financial market can be stifled, then everything is worthwhile.

At 3:20 p.m., Lu Liang took to the stage and announced the completion of the financing round.

A total of 14 domestic and foreign financial institutions, including the Wuhan Finance Department, participated.

The amount ranges from a billion dollars, like Vanguard Venture Capital, to a mere 1 million dollars, like JD Capital.

However, when the news reached the outside world, it did not cause the slightest ripple in public opinion, as if it had sunk into the sea.

After all, Lu Liang has been raising the public's expectations of him. He has already produced $3000 billion in ABS, so what is $72 billion in financing?

That night, DeliMei held a press conference.

Harris stepped out from behind the scenes to the forefront, accusing the New York State courts of inaction and deciding to drop the lawsuit against the IRS.

Just when people thought Delime was backing down, Harris announced the next second that she would refile lawsuits in the remaining 49 states, excluding New York, including in federal courts.

Harris spoke with righteous indignation and unwavering conviction: "I have always believed that America is the freest market in the world, and I do not believe that all crows are black."

This statement caused a huge uproar in North America, with media outlets such as Fox and the BBC reporting on it extensively.

However, while reporting the background and consequences, the media also made sure to educate the public about Harris's background.

Once one of Wall Street's most talented managers, he became the vice president of Citibank's Queens branch at the young age of 32.

Just a year ago, he was released from prison after serving his sentence for hiring someone to cause a level three disability.

Furthermore, according to friends, Harris was extremely violent, addicted to alcohol and drugs, and promiscuous...

He is still a serious racist.

The person who was disabled was a Black man.

The article caused an uproar across the United States, and Harris's public image immediately turned overwhelmingly negative.

In the past, alcoholism, drug use, and promiscuity were considered minor issues. After all, Obama had once said that he had used marijuana, and the people of Alicia were quite accepting of such things.

Looking at those superheroes, there are quite a few who were once complete scoundrels.

After falling into depravity, they may try to reform themselves, but they cannot accept racists.

The liberation movement has been going on for so many years.

Black lives matter, aren't they?
People admired Delime's determination to stand up to the IRS, but they also couldn't understand why Lu Liang would hire such a scoundrel as a special advisor to the bank. Meanwhile, Lu Liang and Wen Chao, far away in Suzhou, were also watching the press conference.

Lu Liang stared at the screen, remaining silent.

Wen Chao sighed softly: "Harris is drawing all the firepower to himself."

A sentence suddenly popped into his mind.

Report your favor on the golden platform, and bring Yulong to die for the king.

Harris drove himself into a dead end.

After all, his reputation is so bad right now that even if he were killed, the public would applaud.

Even if the IRS loses the case in the end, Harris will find it difficult to appear in public again in order to protect the company's image.

Regardless of victory or defeat, he has no way out.

However, his dead end led to a smooth and wide road ahead for Delimei, or for Guang Sheng Bank, the successor to his legacy.

After the press conference, regardless of the outcome, Delime's reputation had spread throughout North America, and it would definitely become the top choice for the wealthy to save their money.

Lu Liang shut down the computer without saying a word: "I'm going to Wuhan for an inspection tomorrow. If you don't have anything else to do, you should go back to Hong Kong as soon as possible and get Guang Sheng up and running as soon as possible."

"Mr. Lu, you should get some rest too." Wen Chao nodded in response and left Lu Liang's room.

The dimly lit room remained silent for a long time, until finally a soft sigh escaped: "Why bother?"

The day after the financing ended.

Suddenly, news spread that Lu Liang had led his team to Wuhan for an inspection, presumably to select a site for the second phase of the factory.

"Having an airport is convenient."

The plane landed at Wuhan Airport.

Upon hearing Lu Liang's words, Wang Xiaofeng and Hu Weiwei both laughed.

Air traffic control rights in East China belong to Shanghai, which is why Shanghai has already approved the construction of its third airport. However, Suzhou, a city with a GDP ranking among the top six in the country, only has a terminal building and requires an 80-kilometer shuttle bus ride to get to the airport.

Sometimes, it's no wonder that Suzhou is the subject of ridicule.

After all, a city with a GDP of two trillion and no airport is probably the only one in the world.

"Welcome Mr. Lu Liang and his team from Tianxing Auto to Wuhan for inspection..."

As the group stepped out of the plane, the tarmac was filled with people, red carpets, flowers, banners, and official media reporters.

Zhao Liqiu stood at the front of the group, smiling, and jogged forward: "Welcome President Lu to Wuhan."

He introduced a middle-aged man wearing glasses next to him, who was Wu Han's third-in-command in charge of economic affairs, and would accompany him throughout the process.

The two sides met, shook hands and exchanged pleasantries as is customary, gave the state media reporters time to take photos, and then traveled together in a luxury minibus to conduct an on-site inspection.

Since Lu Liang would only be in Wuhan for one day, some activities such as visiting local scenic spots and tasting local delicacies were cut.

The group went directly to the Tongshun River in Hanyang District, outside the Fourth Ring Road. It belongs to the upper reaches of the Yangtze River, with a high elevation and beautiful scenery nestled against the mountains and by the water.

There is a subway within five kilometers, multiple highway entrances within ten kilometers, a high-speed rail station within fifteen kilometers, and another airport within twenty kilometers.

It enjoys a unique geographical location, with a permanent urban population of over 10 million and a GDP that has been growing steadily year after year, reaching over 1.5 trillion last year.

The group walked through the overgrown wasteland.

Zhao Liqiu walked at the front, explaining the city's plans for the next few years as he went.

In order for cities to attract large enterprises, in addition to financial assistance and preferential policies, they also need infrastructure and other supporting facilities.

Heavy industries, especially automobile factories, require spacious roads to ensure smooth transportation.

Lu Liang bowed slightly and glanced at Wang Xiaofeng and Hu Weiwei behind him. Both of them were taking notes as they walked.

He had a very good first impression of Wu Han.

One side of the scale has gradually shifted.

As long as the two people keep records, and the market research team analyzes the data, it can be concluded that Wuhan is suitable for the construction of the second phase of the factory.

Even if they are inferior to the backup options of Nanjing and Hefei in some aspects, they will still become their preferred targets.

Around noon, the group temporarily ended their inspection and returned to their hotel in the city. Lu Liang summoned Wang and Hu.

After lunch, Lu Liang brewed some tea and asked, "So, what are your thoughts?"

"Wuhan's environment, policies, conditions, and all other aspects are above 80 points."

Wang Xiaofeng spoke first, followed closely by Hu Weiwei: "But the market competition is probably quite fierce."

Wuhan is the first officially recognized automobile city in China, but it is home to local giants such as Dongfeng Group and its subsidiary Voyah, as well as rising stars such as XPeng, Avita, Lotus, and Jihu, totaling more than ten new energy vehicle companies.

Even Baidu, which is often ridiculed for always getting up early but arriving late, has invested in Jihu and jointly established Luobo Express, suspected of planning to develop driverless taxis and setting up the Wuhan Economic Development Zone as a pilot area.

If we compare Wuhan to a country, then Tianxing Motors is like Tesla back then.

The city government is willing to offer them such generous treatment in the hope that they will act as a catalyst, spurring local car companies to strive for excellence and restore the former glory of the first automobile city.

"Then let's go with Wu Han. Competition is always a good thing."

Lu Liang smiled and immediately made the decision to locate Tianxing Automobile's second-phase factory in Hanyang District of Wuhan.

(End of this chapter)

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