Chapter 162 Investing in the Jude Era
The next day, Lu Liang called Li Bing and told him that he wanted to talk to Lao Zeng from the Jude Era.
Although Tianxing Investment cannot provide one billion, the two Tianxing Asset funds add up to nearly 10 billion in cash.
First put Jude's shares in the name of the fund, and then transfer them to his own name after he has money in a few years.
The equity premium will be lost in the process, but it doesn’t matter. Jude won’t go public so soon, so just treat it as the interest on the loan.
Through Li Bing's matchmaking, Lu Liang quickly got on the phone with Zeng Minqun to confirm the time and place to meet.
Two days later,
Zeng Minqun led the team to the New International Building.
"Hello, Mr. Zeng, did you have a smooth journey here?"
Lu Liang smiled broadly and saw this doctor of science from the Institute of Physics, Chinese Academy of Sciences, an expert who enjoys a special allowance. .
The first entrepreneur led the team to overcome the problem of battery bulging, making ATL a benchmark in the mobile phone battery industry.
The second entrepreneurial start-up established the Jude era. Within five years, the company's power battery sales volume ranked among the top three in the world.
“If I had known that the roads in Shanghai were blocked during the rush hour, we deliberately avoided the rush hour.”
Zeng Minqun smiled heartily and looked at Lu Liang. Lu Liang’s existence itself was a Miracle.
After all, who would have thought that a person who was still selling houses at this time last year would suddenly become a financial tycoon.
It is no longer appropriate to describe Lu Liang as a new star in the industry. After all, the long-established Soros was killed by him.
As we all know, the only person who can defeat Wall Street institutions is another Wall Street institution.
The emergence of Lu Liang broke this law. The Wall Street Journal said that his appearance was the beginning of the decline of Wall Street, which is not an alarmist statement.
"Everyone, don't stand at the door chatting, please come over here."
Tang Caidi was smiling. Ever since she learned that this was an investment of one billion, she started to fight Twelve points of spirit.
Even if I was at Sequoia before, I had rarely been exposed to such a huge project, and even if I had, it was mostly with support.
She never thought that she would have such an honor to participate in such a project and become the main person in charge.
"Mr. Zeng, please come over here."
A group of eight people came to the company's reception room. Chen Jinchun poured tea and handed water, and Wen Chao assisted Jude in distributing materials.
Lu Liang also obtained more detailed information. Last year, Jude Times sold a total of 2.4GWh domestically.
GWh, also known as gigawatt hour, is a commonly used energy unit in the field of energy storage. It is approximately equivalent to one million kilowatt hours of electricity.
Power battery manufacturers also usually use GWh as the unit of measurement for shipments. Each 1GWh is equivalent to approximately 20,000 lithium batteries.
2.4GWh is equivalent to approximately 48,000 lithium batteries.
This number has to be said to be very small, but considering that only 250,000 new energy vehicles were sold nationwide last year, it feels like a lot. After all, it accounts for 19.2% of the national market.
After reading the information, Lu Liang understood how the trillion-dollar market value of the Jude era came about five years later.
Because Li Bing said that power batteries for new energy vehicles are very expensive, often accounting for more than 35% of the total vehicle cost.
Last year, the sales volume of fuel vehicles totaled 24.5033 million units. Over time, the sales volume of new energy vehicles will reach 10% of that of fuel vehicles.
Zude Era, which accounts for 19.2% of the national market, has a market value exceeding one trillion, which does not seem so unacceptable.
“This tea is really good. Mr. Lu also has research on tea ceremony?”
With a smile on his face, Zeng Minqun picked up the tea cup and smelled it, with a calm expression, as if he was an investor.
Lu Liang closed the document and said with a smile: "I don't know much about it, but I have a friend who is from Chaoshan. He has studied this aspect more deeply, and he sends all the tea leaves."
"No wonder, in tea research In terms of business, only Chaoshan can beat us, Hu Jian.”
Zeng Minqun suddenly smiled, and his attitude was not urgent. It seemed that financing was just for the purpose of listing.
This is indeed the case. The biggest difference between the manufacturing industry and the Internet industry is the creation of a large number of jobs and the possession of heavy assets. As long as these two points are met, it will not be difficult to obtain a loan from a bank no matter how moderately the company's performance is. .
Although both can create a large number of jobs, manufacturing jobs have at least five insurances, while food delivery riders, online booking drivers, and platform e-commerce basically do not.
Workers have five insurances, and their income is guaranteed from drought and floods. Enterprises need to be responsible for them, which also plays a role in stabilizing society.
For workers who do not have five insurances, their hands stop and their mouths stop, which can easily become a destabilizing factor in society.
This is the most essential difference between the two.
For a company that can borrow money from banks at any time, it will be difficult for venture capital institutions to deal with it. Lao Zeng knew this and wanted Lu Liang to understand that financing was the icing on the cake and that Jude was not really short of money.
They are sincerely looking for partners to go public, and they also hope that Lu Liang will treat each other with sincerity and an equal attitude.
Lu Liang pondered for a long time and put forward two conditions. Zeng Minqun nodded slightly and restrained his smile: "I would like to hear the details."
Lu Liang said: "First, we hope that in the listing round China leads the investment, and secondly, enjoys a seat on the board of directors.”
Zeng Minqun frowned. He could agree to the first condition. If it weren’t for the fact that he had promised CMB International in advance, he would have hoped that Lu Liang could take 10. % of all shares.
Jude Times is a mature company. Their main creative team holds more than 50% of the shares in total. It doesn’t matter even if they give up 20% of the shares.
Moreover, the more shares Lu Liang holds, the more attention he will pay to the Jude era and the more he will do his best when going public.
But for the board seat, he was not sure whether Lu Liang wanted an executive director or a non-executive director.
If it is the latter, we can still discuss it,
But if it is the former, he will never agree.
I don’t know how many companies are ruined because investors serve as executive directors and laymen guide experts.
Lu Liang smiled calmly: "It's fine as a non-executive director. He will participate in the auditorium and provide supervision, but will not participate in decision-making."
The first condition is purely because he wants to earn more. After all, the future market value is trillions. The more shares you have, the more you earn.
The second condition is to use the public for private gain. He wants to build a car, and the power battery is the core of a car. If you get inside Jude, you can also learn more about the latest news.
Zeng Minqun looked thoughtful and nodded in agreement: "Mr. Lu, we also have a condition."
"But it doesn't matter." Lu Liang said with a smile.
"After your company invests in our company, it is not allowed to transfer equity before listing."
Zeng Minqun wants to borrow Lu Liang's reputation and join forces to list on the A-share market.
So he didn’t want Lu Liang to jump out of the car midway, at least not before it went public.
Lu Liang smiled and said: "Mr. Zeng, it's a pleasure to cooperate."
Although the private placement is a one-year process and the agreement does not allow transfer, the settlement may be a bit troublesome, but it is not impossible.
It's just a matter of pledging it out, exchanging some money for settlement, and then redeeming it. There is only one more process in the middle, so it's not a big problem.
“It’s a pleasure to cooperate.”
Not long after, Zeng Minqun led the team and left the New International Building. It was also rumored in the circle that Jude Times received 1 billion financing from Tianxing with 3.33% of the equity. open.
"Lu Liang doesn't plan to speculate, is it time to invest?"
"It should have been so long ago. Speculation is never a long-term thing. If you often walk by the river, how can you not get wet shoes?"< br>
Although speculative profits are high, things can go wrong easily, like Xiaomo Heishi Quantum, which lost billions of dollars overnight.
Lu Liangneng has a sense of crisis, diverts funds, and makes value investments. People in the industry speak highly of this.
At the same time, various capitals took action upon hearing the news.
Because in a sense, Lu Liang has become a benchmark in the financial industry, investing heavily in the new energy sector, investing in Weilai, and investing in Jude Times.
He is optimistic about the new energy industry. It seems that he is not just talking about it casually, but is investing real money in it.
Venture capital has to start to re-examine this new energy market with only 250,000 vehicles per year.
Capital is ready to move, and they have decided to increase investment in the new energy vehicle market in the next quarter.
Wei Xiaoli, as well as LeTV Automobile, suddenly became the new favorites of the industry, because investing in new industries requires investing in new enterprises, in order to maximize profits.
BYD, SAIC, FAW, etc. are all veterans, and you can’t make much money by investing in them.
“I think the entire industry should erect a monument for me and praise my name.”
Li Bing smiled broadly, thinking extremely narcissistically.
Although Lu Liang lit the fuse of the industry, he put the fuse on the people in front of Lu Liang.
(End of this chapter)