Chapter 269 ‘Announce it’
The dividend meeting was held at half past two. Near two o’clock in the afternoon, Lu Liangcai slowly came to the company’s conference room.
He asked Wen Chao to distribute the investment projects of the past six months to the investors in the second and third phases, as well as the latest net worth this month.
As of yesterday, the latest net value is 1.68, which means that the return rate has reached 68% in the past six months.
The net value updated last month was only 1.31, which means that the rate of return in the past month was as high as 37%.
If we use the principal of US$6 billion as the basis, we made a full profit of US$2.26 billion last month.
Seeing the net worth, everyone was stunned.
How the hell is this one billion dollars in one night? It’s obviously more than 2 billion dollars.
To be exaggerated, $3 billion is not an exaggeration. There will always be some losses when funds come in and out. As long as there is profit, there is no big deal in blowing it higher.
“Everyone, the second phase of Tianxing has come to an end today. Are you still satisfied with this income?”
Lu Liang smiled and did not explain.
That night, shorting the peso, gold and renminbi only made $1.18 billion, and the remaining $1.08 billion was all Tesla's gain.
At first, they spent US$2.76 billion to sell Tesla, holding 6.58% of the market’s circulating shares.
The cost price per share is US$408. As of last night, Tesla's stock price closed at US$592, an increase of 45.12%.
Position value is $2.76 billion,
It has now become US$3.84 billion.
The conference room was silent for a long time. Xiao Wang looked flushed and stood up to applaud decisively. The next second, thunderous applause broke out.
In half a year, a rate of return of 68%,
Who dares to be dissatisfied, who the hell dares to be dissatisfied.
Lu Liang smiled and did not stop. He deservedly enjoyed the applause for more than ten seconds.
After a while, he raised his palm and pressed it down gently, and the applause in the conference room gradually subsided.
Lu Liang looked at the investors in the second phase: "Everyone, if you think there is no problem, please move to the next door conference room and sign the settlement contract. Once signed, the principal and dividends will be paid in the next three working days. Within, remit it to your company’s account.”
The total assets of the second and third phases add up to a total of 10.08 billion U.S. dollars, and now it is time for divestment and settlement.
The second phase principal plus dividends totaled US$1.68 billion, and US$680 million was the last dividend income.
25% of the management starts from the third phase of the fund, and the management fee for the second phase is still charged at 20% of the income.
That’s $136 million.
Lu Liang asked them to go next door and sign the settlement contract. He just asked them to leave, which is a more euphemistic way of saying it.
Because many investors in the third phase invested in the second phase, but some investors in the second phase did not invest in the third phase.
Their fate has ended. Next is an internal meeting about the third phase of private equity. Investors in the second phase are not eligible to participate.
For example, Zhuang Xiaoting, the mistress of a big boss in Beijing, and Liu Qing from Didi, they are not qualified to participate.
Under the leadership of Tang Caidi, several people left their seats and went to the conference room next door to sign the contract.
Although I feel unwilling to do so, this is the reality.
If they are strong enough or have a deep enough background, they will not be excluded from the third phase.
After a few people left, the door to the conference room was closed again.
The smile on Lu Liang's face did not diminish, and he asked Wen Chao to distribute the three-period dividend report to everyone.
The total asset size of the three phases is US$8.4 billion. This plan plans to distribute all profits as dividends, and the management fee is charged at 25% of the profits, totaling US$850 million.
Second-phase settlement and three-phase dividend distribution, the management fee totals US$986 million, as well as the initial subscription fee of US$150 million.
1.136 billion US dollars, even if 20% has to be divided.
Lu Liang also had 908.8 million U.S. dollars in his hands, which is equivalent to nearly 6 billion yuan.
Many people mentally calculated the specific amount, with envy in their eyes.
But it’s just envy.
In the past six months, for every US$100 million they invested, they had a profit of US$51 million.
Basically nothing was done, just waiting to be paid.
Lu Liang deserves all the money he has earned. Guo Changguang frowned and was not in a hurry to sign and seal. Instead, he stood up and raised an objection: "Mr. Lu, if all the profits are distributed as dividends, won't there be no funds in the future?"
Tianxing Phase III Private Equity Fund holds 6.58% of Tesla’s outstanding shares, currently valued at US$3.84 billion. It also holds a 13.33% stake in Jude Times, worth approximately US$670 million.
The combined total of the two has reached 4.51 billion U.S. dollars, not to mention a total of 380 million U.S. dollars invested in Weilai and Ideal.
If all the proceeds are distributed as dividends, there will be only US$110 million in liquidity left on the account.
After hearing this, many people looked at the working capital balance and suddenly realized that Lu Liang had this idea.
Anyway, after the dividends are distributed, there is no money in the account, so I simply let my subordinates take care of it and do public fundraising on my own.
After all, the fastest one to cash out these equity holdings is Tesla, but it will take more than four months.
There was a gap of more than four months.
With Lu Liang’s character, it was normal for him not to be lonely.
There is just another problem. It seems that the explanation is different. They don’t understand why they want to do a public offering if they don’t have the money to launch a new private placement.
Lu Liang smiled indifferently and had already thought of how to explain: "Mr. Guo, don't worry about the problem of working capital. A sum of funds will be withdrawn soon."
The return of funds he is talking about is naturally the transfer of 13.33% of the equity of Jude Times, which is currently worth US$670 million.
After this dividend distribution, Lu Lianghui paid a premium of 10% to US$737 million. The liquidity of US$110 million on the account will also surge to US$847 million.
With less than one billion US dollars, Lu Liang was relieved and let Wen Chao, Sun Yutao and others deal with it, since Tesla would take care of it anyway.
Because the voice predicted that Tesla will reach $713 on the 11th, but Lu Liang raised his sign and the chemical reaction produced, it is not difficult to rise to $750.
The latest stock price is US$592, valued at US$3.84 billion, an increase of 26% to US$4.838 billion.
It can be said that as long as you hold Tesla shares, even if Lu Liang does nothing, the third phase of private placement will not lose money.
Not to mention Weilai, Ideal, and the 13.33% stake in Jude Times that is about to be transferred.
Furthermore, Lu Liang only resigned openly, but he didn’t really care.
Guo Changguang suddenly understood and had no objection.
Lu Liang is a manager, and what he does is his business. They only need to care about whether they can make a profit.
The last objection was resolved, and everyone silently signed their names on the dividend confirmation form.
When Wen Chao received all the information,
everyone looked at Lu Liang eagerly.
After doing so much foreplay and always warming up before, it’s time to serve the main course.
“Thank you to everyone for taking the trouble to come from all over the world to attend the meeting today. There is one more thing today that I want to announce to you.”
With a smile on his face, Lu Liang called Sun Yutao and planned to appoint him as the new fund manager: "Manager Sun joined the company in October last year. With his excellent market response and keen sense of smell, he has helped the building to collapse many times and turned the tide. On the contrary..."
Sun Yutao smiled naively, his skin was so dark that it was impossible to tell whether he was blushing or not.
Anyway, everyone in the audience blushed for him.
Although Lu Liang was introducing the little-known Sun Yutao, everyone automatically thought of the protagonist as Lu Liang.
So, there was a picture in my mind. Lu Liang was bragging on the stage, talking about his many accurate speculations, taking chestnuts from the fire, helping the building to collapse, and turning the tide before it fell.
Although it's true, you can't boast like that, right?
They really want to ask, do you have a cool face?
But at present, it seems that Lu Haohao is not shy.
Zhu Hu coughed dryly and couldn't laugh or cry: "Mr. Lu, the transfer of company personnel is the company's business. If nothing happens, we will leave first."
Lu Liangdu said very clearly, 'Announce it' can also be replaced by notice, but the word announcement is more euphemistic.
Even if they don't agree, so what?
The contract has clearly stipulated that investors are not allowed to interfere with the managers’ decisions, nor are they allowed to ask about investment details.
In the face of Lu Liang’s withdrawal from private equity, he announced that he would not hold any position under the name of Tianxing Assets in the future.
The only thing they can do is apply for redemption.
But they are worried and now offer redemption.
Later, Lu Liang was still behind the scenes, which meant to them that the stock would hit the daily limit as soon as it was sold.
With Lu Liang’s petty mind, he may be refused subscription due to this redemption in the future, so there is really nothing to say.
Leave everything to time.
Done~
Thanks to DoD for the reward.
(End of this chapter)