A strong technological nation starts with repairing mobile phones

Chapter 88 I agree to financing and I want to cash out!
“Funding again?”

They were discussing open cooperation one second and proposed another round of financing the next. Chen Jinghong really couldn't imagine that Huang Qifan's mind was so jumpy.

"Not bad!"

Huang Qifan nodded and emphasized again. After he finished speaking, he saw the confusion in Chen Jinghong's eyes, and he also saw that Chen Jinghong really didn't want to raise funds now.

"Do you think we should continue to develop slowly as before?
Brother, the world has changed. If it were ten or twenty years earlier, I would have advised you to develop slowly. But now time is of the essence. While we have absolute advantages, we must speed up our pace and seize all available resources for development.

Of course, all this is based on absolute advantage! "

Huang Qifan reached out and picked up the folding screen on the table, held it in front of Chen Jinghong and said, "This! This is the absolute advantage of Tiansheng Optics!"

Chen Jinghong's attitude towards Tiansheng Optics was very complicated. At that time, he had just obtained the system, and his first thought was to make some money. Then he got a considerable sum of money from Huaqiangbei, and wanted to do something to benefit mankind.

However, with that little capital at the time, he naturally couldn't do anything. Later, since he had previously replaced screen covers and brackets, which did not require any technical skills, he decided to enter the optical glass industry and take out the glass panels that he happened to be able to buy from the system at that time.

Originally, he just regarded this thing as a transition period for his industry, and he never thought that he would passively reach this point step by step in just a few months.

Chen Jinghong said: "Let me think about it, I'll let you know when I make a decision in a few days!"

"Okay! You try to hurry up. Now is actually the best time for Tiansheng to raise funds. We can bring them in for joint development while we conduct the second round of financing. I believe they will be very interested and the conditions will be better than the other!"

Huang Qifan was sure that he could not convince Chen Jinghong immediately, so he stopped hesitating and nodded to show that he understood.

……

At night, at home!
Xu Qing looked at the absent-minded Chen Jinghong and asked with concern: "What's wrong with you? You seem to be worried since you got home!"

"I'm wondering if Tiansheng should raise funds again!"

Chen Jinghong came to his senses and immediately talked to Xu Qing about what happened today without hiding anything, including repeating everything Huang Qifan said.

As soon as Xu Qing finished speaking, she was still thinking, and Xu Weirong on the side immediately said in a pretentious tone: "Tsk, brother-in-law, I thought you did something to let my sister down, so you looked so worried when you came back today!
Isn't this simple? What is the purpose of starting this company? If you need money, you raise it. If you don't need money, you don't have to raise it.

Besides, even though your company is so popular now, I haven't seen you make much money. You still rent a house!
Such a big boss only bought a car, but doesn't even have a house!"

"You're just a little kid, what do you know?" Xu Qing glared at Xu Weirong and said dissatisfiedly.

"Hey, hey, hey! What do you want to do? I'm leaving. I can't leave!" Seeing that his elder sister was about to come over, Xu Weirong quickly picked up Chen Yuanyuan and walked towards the door: "Yuanyuan, uncle will take you downstairs to play!"

At this moment, Chen Jinghong did not react at all. Xu Weirong's words just now made him wake up.

Of course it’s not the last two sentences, but the question: what is his purpose of starting a company and whether he needs money now?

So why did you start Tiansheng Optics at that time? Do you really need money now?
'Make money, need it!'

The final answer came out. His original purpose was to make money, but now both Tiansheng and himself were short of money.

Yes, Chen Jinghong is very short of money now, but what he lacks is not the money to buy a house as Xu Weirong said, but the money for the plan, which is calculated in billions.

Of course, what Xu Weirong said is indeed true. Although Chen Jinghong seems to be the actual controller of a company valued at tens of billions, he does not have much money in his pocket and cannot even afford a better house in Pengcheng.

"Don't listen to this brat, he knows nothing!" Just when Chen Jinghong made up his mind to agree with Huang Qifan's idea, Xu Qing sitting next to him said.

Chen Jinghong reached out and held Xu Qing's hand and said, "I'll listen to my wife, okay?"

"Haha! Isn't it necessary to listen to your wife?" Xu Qing was instantly amused by Chen Jinghong. She knew that her husband had made a decision when Chen Jinghong said this.

"Haha, then wife, what are we going to do now!"

"We haven't been out for a long time at night, let's go out for a walk!"

"Follow me!!!"

……

The next day, all the company's senior executives came to the conference room early in the morning to prepare for the meeting.

The meeting was requested by Chen Jinghong. Even Liu Renshan, who had been in charge of the laboratory, was on the list. Everyone knew that there must be important news at this meeting, so who would dare to be late?

Time slowly came to nine o'clock, and Chen Jinghong walked in very punctually. When Tiansheng Optics was first acquired, he would come early for meetings, but after a few times, he would gradually arrive at the meeting place only at the last minute.

It's not that he's being a big shot or deliberately arriving last to show off, but as a boss, he would often make his subordinates too embarrassed when he arrived early. Those who were obviously not late would immediately apologize when they saw that they were even later than him. After this happened once or twice, he almost always chose to arrive on time afterwards.

"Everyone, Dr. Liu has been leading our laboratory team to work day and night. Finally, a few days ago, we solved the technical problem of folding glass. On behalf of the company, I would like to thank Dr. Liu for his efforts!"

After Chen Jinghong finished speaking, he immediately led the applause.

Only a few people in the company's senior management knew about this technological breakthrough, and people like Zhu Qi and Xu Liqing who were in human resources and legal affairs didn't even know about it.

The boss took the lead in applauding, and the rest of the people naturally followed suit.

This made Liu Renshan feel a little embarrassed, and he could only look at everyone with a silly smile.

"For this folding glass product, I plan to work with domestic LCD panel manufacturers and mobile phone manufacturers to develop it. This meeting requires everyone to work together to come up with an implementation plan!"

When Zhao Wenshu heard the news, he was the first to understand its meaning.

He immediately stood up and said, "We should now immediately screen a list of partners, and then we can send a sample to invite them to participate in our development conference.

For this development conference, we only need Dr. Liu to give us the product details, and we can come up with a specific plan for operation and announcement! "

After hearing that someone had taken on the task, the rest of the people expressed some individual opinions but had no intention of taking any action.

Finally, after everyone discussed it, Chen Jinghong agreed to hand this matter over to Zhao Wenshu.

After dealing with this matter, just when everyone thought that the meeting was about to end, Chen Jinghong announced another blockbuster news. "After discussing with OOPP Chairman Huang Qifan, we decided to start the second round of financing for Tiansheng Optics from now on."

boom!
This news penetrated everyone's mind in the conference room like thunder.

It has been less than three months since Tiansheng Optics last raised funds, a quarter has not even passed, and its business has just started.

Apart from the first batch of consumers who were exposed to Tiansheng Optical Anti-Reflective Glass Panels in the OOPP mid-range A and K series, subsequent mobile phones equipped with anti-reflective panels have not yet been released.

Recently, the products shipped by Frame are all low-end and mid-range mobile phones, which do not purchase anti-reflective glass panels. As for other niche types such as special instruments, outdoor products, etc., they are rarely directly sold to consumers.

"What is our funding plan for this round of financing? Which investment targets are we prepared to accept?" This was said by Li Huanyi.

He was able to get OOPP to send him over as a director and also take over the finance of Tiansheng Optics, so he must be very familiar with financing.

Chen Jinghong looked at the other party and said, "All the funds will be invested in the folding glass project. The investment targets are still the same as last time. We will only accept companies in the industry. We will not accept external capital!"

Li Huanyi nodded and said, "I understand. I can help you with the financing plan!"

Tiansheng does not have a professional financing team at all now, and it is too late to set one up now. Li Huanyi can help take charge, and Chen Jinghong naturally has no objection.

Since the other party was going to be responsible, Chen Jinghong immediately stated another purpose of his financing.

"This time, I plan to cash out some shares. These shares will not go through financing channels. I need some cash!"

The biggest reason why Chen Jinghong accepted the financing idea proposed by Huang Qifan was that he wanted to cash out some shares.

If it is a normal company, during the financing stage, few investors will agree to the founding team cashing out their shares unless they are kicked out. Therefore, they usually have to wait until the company goes public, the lock-up period is over, and the stocks are unblocked before they can cash out in the secondary market.

Chen Jinghong naturally knew this problem, but he simply couldn't wait until that time. It was obvious that he couldn't wait that long in years.

In addition, he felt that what Huang Qifan said was right. Tiansheng Optics now had an absolute advantage, and he believed that this was the best time for him to cash out some shares.

Now he wants to cash out within 10 billion. He believes that there will be a company to take over. Huang Qifan and Wang Shoujun will not have any objection. It is very likely that they will be eager to take over.

Li Huanyi frowned and looked at Chen Jinghong and then reminded him: "Mr. Chen, the investor may not agree to this request. I can write it into the plan, but I can't guarantee that it can be completed!"

"It doesn't matter, just write it according to the plan. Whether we agree or not is between me and them!" Holding 92% of the shares, Chen Jinghong was not panicked at all!

Li Huanyi asked, "How much does Mr. Chen plan to cash out?"

"No less than 1 billion. We will consider the specific valuation of Tiansheng Optics later."

The last valuation of Tiansheng Optics was 7.8 billion, and that was before Chen Jinghong came up with the valuation of anti-reflection and folding glass. Now he has come up with these two technologies.

Chen Jinghong knew without thinking that the valuation would at least quintuple, but he knew that he had no experience in this area. He really didn't know what the current valuation of Tiansheng Optics could be, so he could only set the lowest standard in his mind. As for how much money he would cash out, he still had to wait and see what the professional team would say about the valuation.

"I'll write this requirement in!" Hearing that Chen Jinghong only needed ten billion, Li Huanyi immediately nodded without taking it seriously.

Originally, she thought that Chen Jinghong wanted tens or hundreds of billions, but she never expected that Chen Jinghong asked for only ten billion. This amount of money was really nothing for Tiansheng Optics at present, and the investor should agree readily, so she didn't say anything more.

"Oh, right!" Chen Jinghong suddenly thought of something and said again, "There is also the tempered film branch. I plan to split it off and make it independent. I will use my own personal funds to buy back all the shares from Tiansheng!"

Separating the tempered glass company from the competition was something Chen Jinghong had thought about a long time ago. This branch company meant nothing to Tiansheng Optics, so it wouldn't be difficult to separate it from the competition.

At that time, he planned to transfer 20% of the shares to Xu Weirong as he said last time, and the rest to Jingqing Holdings.

Li Huanyi thought it was something else, but when she heard it was just this question, she nodded immediately and said, "It's not a big problem. The current branch is not large. Mr. Chen only needs to inject a few hundred thousand yuan and it should be able to go out independently!"

"Hundreds of thousands?" Chen Jinghong was a little surprised!

"Yes, the branch currently has no assets at all, and most of the technology is also owned by the branch. The value is indeed only this much. I will go back and calculate it in detail later.

While we have few shareholders now, let’s do this ahead of time!” Li Huanyi said.

Chen Jinghong didn't expect it to be so simple, and immediately nodded and said, "Okay, tell me the details when the time comes, and I'll try to get him out independently in the next few days."

At this point, these two important matters have been dealt with. Since this was an ad hoc meeting, no department reported on the situation.

Chen Jinghong chatted with them for a few minutes and then adjourned the meeting.

……

a few days later.

More than a dozen express parcels of various sizes were sent out from Tiansheng Optics, including an invitation letter and a sample made for each different company.

If the invitee is an LCD screen production company, the samples will be folded glass substrates and thicker glass panels.

If the target is a mobile phone manufacturer, such as Dami and Xiawei, then the samples are the folding screen assembly and testing equipment customized by Tiansheng Optics through Huaxing.

This assembly includes an AMOLED screen and capacitive touch, and most importantly, it is equipped with a folding glass panel with anti-reflection function on the outside.

As for Tiansheng's secondary financing plan, at this time, only the company's senior management, Huang Qifan and Wang Shoujun know about it, and it has not been announced to the public for the time being.

Rice Group, since the courier sender was named Tiansheng Optics and the recipient was a senior executive of the company, the employees did not dare to neglect it and quickly delivered the courier to Zhang He.

Zhang He was also very surprised that Tiansheng would actually mail something to him. He originally thought it was a sample or something, and that the other party had filled in his name by mistake.

However, when he thought that it was a sample, he opened the package out of curiosity and did not directly have it sent to the R&D department.

"Huh? An invitation? What the hell!"

As soon as he opened it, what caught Zhang He's eye was an invitation letter, which immediately made him confused!

(End of this chapter)