Rebirth: My dad is too obedient

Chapter 571 Negotiations in the Capital
Yang Congxin looked indignant:
"That makes sense."

Therefore, it is not only a capital investor, but also involves its competitor in the same industry, 'Speedwing'.

"Swiftwing is probably afraid we'll expand into the south and steal their market share!"

Fang Jun: "'Swift' and 'Changfeng', I don't know which side is in charge."

If 'Changfeng Capital' is involved, they'll probably come knocking on our door soon."

She sneered, "I bet they're going to play the 'white knight' and pretend to come to save 'Morning Breeze'..."

Xu Chen remembered something and spoke up:
"I never imagined that what 'Ranbing Sports' had gone through would be even worse for 'Chenfeng Technology'."

Xu Chen was referring to the setbacks that occurred with "Ranbing Sports" in August.

Behind Chenfeng Technology's current crisis, there are also the shadows of competitors and investors.

However, the crisis of "Morning Breeze" is clearly much more serious than that of "Burning Ice".

It's a matter of life and death...

Director Yang adjusted his black-rimmed glasses, thought about something, and suddenly felt a chill run down his spine:

"How...can they actually intervene in and influence Wu Yongming's affairs?"

Everyone's expression changed; Director Yang had indeed touched on a crucial point that sent chills down their spines.

Fang Jun began to speak:

"I haven't researched 'Rock Capital' yet, but 'Changfeng Investment' certainly has a deep and complex background."

When they came to discuss and visit, they intentionally or unintentionally revealed something in a subtle way, their purpose being to get 'Chenfeng' to accept their investment.

We've also investigated, and 'Changfeng' does indeed have some background information that's difficult to discuss in detail.

Xu Zhiquan lit another cigarette.

"Look, we've basically figured out their background, so we're not completely in the dark anymore."

Old Xu paused for a moment, then spoke again:

"Don't panic too much."

Ultimately, there are no real problems with Wu Yongming's affairs or Jiang Huaqin's affairs.

However, it will take some time.

Fang Jun: "But what our opponents need is time, to stall us by timing our moves..."

If we can't start work before the end of March and we can't repay our debts, then bankruptcy liquidation is the only option we have.

Or rather, it was acquired by 'Changfeng Investment' or 'Panshi Capital' at an extremely low price.

……

……

The tea had been changed three times by late at night, and the effects of the alcohol had mostly worn off.

After discussion, it was found that the current situation is indeed extremely serious.

Old Xu has already raised 30 million yuan of debt, but the more than 100 million yuan before March 5th and the more than 1 billion yuan before the end of March are still unresolved.

Jiang Huaqin, the only person who might be able and willing to provide such a large amount of financial support in such a short period of time, is now also caught in a crisis and unable to take care of himself.

If the funds fail to materialize, in extreme cases, as Fang Jun said, "Chenfeng Technology" will face bankruptcy liquidation or be acquired at a low price.

Yang Congxin thought for a moment and then said:

"Did you just mention BlackRock, the American investment company?"

If Changfeng Investment and Panshi Capital are plotting something and planning a low-price acquisition, then why don't we go find BlackRock first?

BlackRock is an American investment firm that had previously held talks with Morningwind Technology.

However, out of a simple sense of patriotism, Xu Zhiquan really "didn't want to make money for America," so he put it aside and politely declined.

Fang Jun began to speak:

“We had already rejected BlackRock.”

In addition, BlackRock's initial investment offer was actually much lower than we expected.

Another issue is that BlackRock is an American company that has just begun looking for investment targets in mainland China.

Even if we reach an agreement on both sides, we might suddenly be held hostage by policy.

Moreover, these European and American companies spend at least three to five months just on 'due diligence' before confirming an investment.

It will take at least six months for us to accept BlackRock's investment and for the deal to be finalized and implemented.

Forget three months or six months, we can't even wait a month now.

The atmosphere was somewhat somber; the four people in the room smoked or drank tea in silence.

A funding gap of nearly two billion yuan cannot be rushed.

Xu Chen pondered for a moment, then spoke:
"I know a purely domestic investment institution. They definitely have enough funds and are actively looking for investment targets in China. They have the opportunity and potential to come up with more than a billion yuan."

However, this matter needs to be discussed.

Furthermore, the timeframe is too tight, and it's uncertain whether the other party is even willing or able to participate, so the success rate is hard to say.

Fang Jun: "Speak quickly."

Yang Congxin: "Yeah, who cares about the success rate these days..."

If there's even the slightest possibility, we have to try it.

Xu Zhiquan: "Who is it?"

Xu Chen: "Dongchen Advertising had previously worked on two projects for Vanke, and I got to know their founder, Wang Shi."

He owns an investment company and is constantly looking for investment targets.

They had previously considered investing in 'Ranbing Sports' and even asked me about it several times.

However, the operation model of 'burning ice' does not require large capital support in the short term, and I do not want to introduce external capital, so I have temporarily shelved it.

"Now, if we bring up 'Chenfeng Technology,' I wonder if Wang Shi would be interested."

Everyone knows "Vanke Real Estate".

With Vanke as a backer, the investment company's financial strength and resources are naturally not a concern.

Moreover, it's a purely private company based in Shenzhen, in the south, so there's a higher degree of freedom in all aspects...

Fang Jun glanced at Xu Zhiquan:

"This seems like something I could really give it a try."

Xu Zhiquan looked at Xu Chen:
How should we negotiate?

Xu Chen: "Let me ask first, and send over the information about 'Chenfeng Technology'."

Because time is too tight, I will also subtly explain that we can only see if Wang Shi is interested first.

He thought for a moment and added:
"I don't have any private interactions with this Mr. Wang, after all, there's a significant age difference between us."

Fortunately, in the past year or two, I have maintained the relationship from time to time. For example, I will send him each new product from 'Ranbing'.

At least we can still talk to each other.

He glanced at the time: "I'll discuss this tomorrow morning."

Yang Congxin frowned and thought for a moment:

"Wang Shi was initially interested in 'Burning Ice Sports,' so what if he still uses 'Burning Ice Sports' as a bargaining chip?"

I'm worried that people won't be interested in 'Chenfeng Technology'.

Could we first use 'Ranbing Sports' to raise funds, and then internally transfer them to 'Chenfeng Technology' to help them through this difficult time?

Fang Jun shook his head:

"First of all, this is neither compliant nor legal..."

In addition, the flow of funds after investment institutions invest must be monitored.

In addition to those appointed by the board of directors, there are also dedicated 'supervisors' to prevent such incidents from occurring.

They might even send a dedicated accountant to oversee the approval and flow of every single transaction...

There's no room for maneuver here.

Yang Congxin adjusted his black-rimmed glasses, then sighed somewhat anxiously.

Xu Chen: "I'll try anything, even if it's a dead end. I'll communicate with them tomorrow morning."

Xu Zhiquan then looked at Fang Jun:

"Let's contact BlackRock as well. Keep them as a backup option and see how it goes..."

Fang Jun nodded and responded.

Seeing the oppressive and dejected atmosphere, Old Xu comforted him:

"Don't panic, there's always a way out. We're not in a hopeless situation yet."

"I'll think of another way, see if I can borrow some money through personal connections."

The other three remained silent, knowing that Old Xu was deliberately trying to appease them.

It's nearly two billion yuan, and it needs to be come up before the end of March. Even if you have the ability to do this, you have to have a life-or-death relationship with the person who provided it.

……

……

The next day, Xu Chen contacted Wang Shi's secretary, Zhou Kai, and briefly explained the background of the matter.

Of course, some selections were made to the synchronized information, such as omitting some of the current crisis situations facing "Morning Breeze".

About half an hour later, Zhou Kai called back:
“I just talked to Mr. Wang, and he said it was just a coincidence. He also looked into the electric vehicle industry last year and was quite interested.”

At the same time, since it's also on Mr. Xu's side, I still trust him a lot.

"However, Mr. Wang requires all his investments to be discussed in person with the founder. Would it be convenient to arrange a meeting with Mr. Xu from 'Chenfeng Technology'?"

Xu Chen: "Of course it's convenient. It depends on which time is convenient for you, Mr. Wang."

Zhou Kai: "President Wang is in Beijing these two days, and then he will go to Europe for vacation."

Either we can do it in the next couple of days, or we can wait until Mr. Wang returns from his vacation in two weeks.

Xu Chen: "Let's do it in the next couple of days. It's convenient for us to go to Beijing from here."

Zhou Kai: "Okay, I'll go and make an appointment with Mr. Wang first, and then I'll tell Mr. Xu after I've made the appointment."

Xu Chen: "Okay, thanks Kevin!"

……

That afternoon, Wang Shi's meeting was finalized and scheduled for noon the following day.

Xu Zhiquan arranged the business trip, and that evening, he took Xu Chen and Fang Jun and flew to Beijing overnight.

The "working group" responsible for the review and investigation is still in the "Chenfeng Industrial Park".

I heard that Xu Zhiquan and Fang Jun were going on a "business trip". I tried to stop them, but after Fang Jun talked to them, they obediently let them go.

……

The Shangri-La Hotel in Beijing opened in 1987 and was one of the most important five-star hotels in the city at the time.

Even today, it remains the hotel that many "bosses" habitually stay at when they come to Beijing.

Vanke's Wang Shi was attending a conference here, so his meeting with "Chenfeng Technology" was arranged here as well.

Around noon, Xu Chen first met with his secretary, Zhou Kai.

"I've long admired Mr. Xu, it's a pleasure to meet you!"

Zhou Kai remained very polite to Xu Zhiquan.

Xu Zhiquan wore a navy blue suit, but no tie, which looked formal but not overly deliberate.

"I'm so sorry, Mr. Wang has a very busy schedule today and can only spare 25 minutes at noon to have a brief chat."

Xu Zhiquan: "No problem."

Zhou Kai glanced at Xu Chen and Fang Jun behind him, and smiled sheepishly:
"Our boss's habit is to only discuss investment with the founder..."

Xu Chen paused for a moment, then smiled and said:
"Okay, then Mr. Fang and I will wait downstairs."

……

Lobby coffee shop.

Xu Chen and Fang Jun each ordered drinks, and casually ordered some sandwiches and salads, which served as their lunch.

Both of them had a poor appetite and were still somewhat anxious about Xu Zhiquan's situation.

In the current situation, if we could get help from Wang Shi's investment company, even if it meant giving up some shares, it would solve our immediate problem.

……

About half an hour later.

Xu Zhiquan hadn't come down yet, but Xu Chen received a message from Wang Shi:

I've already spoken with your father, Mr. Xu, and we'll arrange for the due diligence team to go to Tiancheng today.

My schedule was too rushed today, and I didn't have time to greet Mr. Xu in person. I'm so sorry...

Mr. Wang was very polite, and Xu Chen quickly replied with a thank-you text message.

A few minutes later, Zhou Kai finally brought Xu Zhiquan down.

Xu Chen and Fang Jun went to greet them, and Zhou Kai exchanged a few more pleasantries with Young Master Xu before turning back.

……

On the outdoor terrace of the coffee bar, Xu Zhiquan lit a cigarette, and the waiter brought out three drinks.

"How is it?" Fang Jun asked expressionlessly, but he was clearly anxious.

Xu Zhiquan took a drag of his cigarette and smiled.

Instead of directly answering "How?", he began by saying:

"Boss Wang really speaks highly of my son."

Xu Chen looked speechless: "Let's get down to business..."

Xu Zhiquan flicked his cigarette ash and said:

"I was basically completely honest with Mr. Wang, and he was quite direct as well."

He knows we're in a hurry, so he'll contact the investment company in Shanghai today and send a due diligence team to Tiancheng.

We still need to wait for their due diligence team to conduct some research before we can assess whether they have any intention to invest.

Fang Jun frowned:

"If you're going to do due diligence, you'll inevitably have to deal with the finance side."

However, the 'working group' is still at headquarters for now.

Xu Zhiquan: "It's okay, I've already told Boss Wang, and he understands the situation."

We're flying back to Tiancheng tonight, and tomorrow we'll meet with Mr. Wang's due diligence team. We also need to have a meeting to update them on business and financial matters.

Xu Chen thought for a moment:
"Was Mr. Wang also aware of the 'working group'?"

Xu Zhiquan nodded:
"This matter couldn't be kept secret at all, so I just told you directly."

Policy risks and uncontrollable factors facing 'Morning Breeze' will also be included in their due diligence team's research.

Fang Jun: "Could it be that they're just giving us face and sending someone over to make up an excuse?"

Xu Zhiquan: "Mr. Wang put it very directly: investment is a purely commercial activity, and we still need to look at the comprehensive situation returned by due diligence."

As for the 'working group' and the investigation, and even Wu Yongming's matter, Boss Wang seems to have some other secret channels, so perhaps we can find out from the side.

This is also a rare information channel for us.

Fang Jun frowned, clearly finding it hard to believe.

Xu Chen then recalled some background information about Boss Wang. At this time in 08, Boss Wang should not have divorced his "ex-wife" yet.

In 07, Mr. Wang's "ex-wife" caused a huge controversy by buying a large amount of Vanke stock.

And this "ex-wife" is someone whose background is difficult to explain in detail.

I wanted to inquire about some things, and eventually I found a way...

Fang Jun said, "I'm also trying to find out some inside information about Wu Yongming."

Looking back will be a good opportunity to confirm this…

Xu Zhiquan looked at Fang Jun: "We should rely on your information. Whatever you can get is the most reliable."

……

……

(End of this chapter)