A strong technological nation starts with repairing mobile phones

Chapter 51 First round of financing! Done!
"Yes! It would be their loss if they gave up now. Even without their support, we can still rise!"

At this time, Li Hanwu, who had not spoken just now, couldn't help but speak in agreement with Chen Jinghong.

As for what he felt in his heart, only he knew.

Seeing that the people in the office were indeed not in high spirits, Chen Jinghong didn't say anything else and asked them to go back to work and prepare for the next round of financing.

……

As the days passed, the time finally came for the first round of financing.

"After detailed calculations by our company team over this period of time, the final valuation of Tiansheng Optics is 7.84 billion..."

This sentence was said by a woman who was about 37 or 38 years old and sitting next to Huang Qifan.

After saying that, she immediately took out the valuation information and distributed it.

The original valuation of Tiansheng was over 9 billion, but considering the impact of the last incident.

VVII and Dami also withdrew from this round of financing. Subsequently, Tiansheng Optics also lost the support of these two companies, and its valuation was ultimately reduced by at least 2 billion.

"We at Tianyin Group fully agree with the valuation given by OOPP Group!" Qi Hengtai, who was sitting next to Wang Shoujun, immediately supported this valuation.

After Tianyin Group made its statement, everyone present looked at Chen Jinghong.

Chen Jinghong was still very surprised that OOPP could value Tiansheng at 7.8 billion.

After all, what happened last time, and then VVII and Dami were launched one after another. Currently, only Huang Qifan and Wang Shoujun still support Tiansheng.

However, although they are both heads of two companies, they do not have the final say over the companies. Although the two of them can play some role in valuation, it can only be a certain role.

They still have to evaluate all aspects to get a true valuation and ultimately give a reasonable price, otherwise it will be difficult for the two to explain to the shareholders.

Chen Jinghong had been prepared for the other party to quote 40 to 50 billion, but the other party now quoted 7.8 billion, which was almost half of what he expected.

"On behalf of Tiansheng, I have no objection to this valuation!" Chen Jinghong did not take the other party's information. After all, he was already very satisfied with this valuation.

Chen Jinghong also agreed to this valuation, which means that the valuation of Tiansheng Optics' first round of financing was determined to be 7.84 billion.

After determining the valuation, we can get down to business.

Chen Jinghong spoke first, "Considering that VVII and Dami have withdrawn from the first round of financing, we have decided to change the original financing ratio from 20% to 8%!"

Normally, if the number of companies is reduced from four to two, the proportion would be halved at most. However, Chen Jinghong took into account that the scale of Tianyin Group was much smaller than those three giants, so he finally decided to only take out 8% for financing.

The personnel of both OOPP and Tianyin had already expected Chen Jinghong to change the financing ratio, and they had no objection to reducing the ratio. After all, if Chen Jinghong did not change it, the two companies probably would not be able to take up the originally set 20%.

"I want 6 percent!" Huang Qifan said domineeringly.

Wang Shoujun was not happy about this and immediately said, "OOPP is too overbearing! You only want to leave 2% for me? No, we at Tianyin need at least 3%!"

The negotiations were not going to work out, and Huang Qifan was holding on to the 6% and refused to budge. He knew that this was a rare opportunity in the first round, and if he could get one more percentage point, it would be a huge profit for their group when Tiansheng went public.

Wang Shoujun naturally understood this truth and would not be satisfied with a mere 2% share.

The two argued for a long time without a clear winner. Finally, Wang Shoujun turned to Chen Jinghong and said, "Mr. Chen, you can only give us one percent more. Eight percent is really not enough!"

Chen Jinghong really didn't expect to get stuck here. He had originally planned to follow the ratio of 5% for OOPP and 3% for Tianyin.

"According to the plan, 600 million yuan is far more than what we need in the later stage. At least 200 million yuan may not be used." Chen Jinghong turned to look at Huang Qifan and said, "Mr. Huang, how about you give in? 5% is already a lot, nearly 400 million yuan. Will your OOPP funds be under pressure?"

"Bullshit!" Huang Qifan cursed. "How much do you think of us OOPP? We are under financial pressure with just this little money? Let me tell you where our group has hundreds of billions of dollars in its account. How about you just raise the ratio to 40%? See if we can come up with this money."

At present, OOPP's cash flow is exactly as Huang Qifan said, the group has tens of billions of dollars lying in its account but no one knows what to do with it.

Of course, it is impossible for him to take out more than 3 billion and invest it all in Tiansheng Optics. After all, even if he agrees, most of the company's directors will not agree with his operation.

Looking at Huang Qifan who was so domineering, Chen Jinghong immediately realized that the other party would not give in.

He had no choice but to turn and look at Wang Shoujun, but before he could even open his mouth, the other party immediately said that 20% was indeed not enough.

In this way, the first round of financing is stuck at this 1%. To be honest, without the support of VVII and Dami, Tiansheng Optics really cannot spend so much money.

Even if he raised tens of millions more, it would only be wasted on the company's account, which would be a huge loss for him since he couldn't spend the money himself after all.

'You can't spend it yourself?'

Thinking of this, Chen Jinghong's eyes suddenly lit up, and he immediately turned to look at the two of them as if he had thought of something.

"You two, the company really doesn't need to raise so much money at the moment, but if you agree, I can personally sell you one percent of the shares." After Chen Jinghong finished speaking, he looked at them straight and said nothing more.

To put it bluntly, his behavior is cashing out. Normally, during a company's financing phase or in the later rounds, some investors will sell their shares to cash out.

However, no matter which round it is, founders will almost never directly sell shares to cash out, and those investors will rarely agree to founders selling shares to cash out during the financing stage.

Of course, it doesn’t count if the founder is kicked out and the investor becomes the boss.

As expected, neither Huang Qifan nor Wang Shoujun agreed with Chen Jinghong's idea after discussing it for a long time.

"How about this! We want 5.5, and Lao Wang, 2.5 is about right!" After a long discussion among the three parties, Huang Qifan finally decided to take a step back.

Wang Shoujun was also a little tired at this time. It was obvious that Chen Jinghong did not want to give up one percent in vain, and it was impossible for them to let the other party cash out tens of millions so early.

Now seeing that Huang Qifan had finally given in, he thought for a while and finally nodded in agreement: "Okay! Old Huang, since you said so, I'll give you face this time!"

Wang Shoujun's words mean that Tiansheng's first round of financing has finally come to an end today, and it will be completely concluded after some minor matters are settled.

(End of this chapter)