Chapter 223 Invitation from Dassault
"Mr. Hu, Mr. Lu and Mr. Gao mean that Mingkang Communication has no hope of going public for the time being, and it is indeed possible to consider a new round of financing. However, Mr. Gao gave Mingkang Communication a valuation of 400 million yuan."
Mu Shaoqing feels that this valuation seems a bit high for the time being, but according to the current development trend of Minkang Communications, some issues cannot be considered just from the immediate perspective.
The last time Hu Yang and Lu Yali took a stake in Mingkang Communications, the corporate valuation premium was very low, but that was because Mingkang Communications did not have its own source of profit at that time.
Now, Mingkang Communications has its own profit model, so of course people are not willing to give low valuations anymore.
However, unlike Mu Shaoqing's imagination, Hu Yang felt that Mingkang Communications' valuation of 400 million was not too high, but too low.
"Thank you for your hard work, Mr. Mu. I will personally communicate with Mr. Gao and Mr. Lu later."
Mu Shaoqing's early contact with the opponent was perfect. Next, Hu Yang could better talk to Gao Mingkang and Lu Yali.
"I understand, but before I came back, President Gao and President Lu both said they would come to Yangcheng to visit you. Maybe they will come tomorrow."
Mu Shaoqing took advantage of this opportunity to go to the deep sea to do some research on PHS. If you didn't do in-depth research, you wouldn't know that this gadget would really have a big market in the future.
However, the advantages and disadvantages of PHS are equally obvious. Mu Shaoqing then reminded Hu Yang before walking out of the office.
"Mu Shaoqing can now see the key to restricting the development of PHS. It is not simple."
He secretly praised Mu Shaoqing, but before he finished his cup of tea, Lu Yali and Gao Mingkang actually came to the company together.
Hu Yang asked the young lady at the front desk to arrange for the two of them to go to the conference room, and he then walked over.
"Mr. Hu."
Lu Yali and Gao Mingkang saw Hu Yang coming in and quickly stood up to greet him.
"President Gao, Sister Lu, please take a seat. We are all on our own, so you don't need to be too polite. Assistant Pei, go make a pot of tea and bring in some fruit snacks."
Hu Yang saw two cups of coffee on the table. Neither of them drank it, so he asked Pei Yunfang to change it for a pot of tea.
"Mr. Hu, let me get straight to the point."
Gao Mingkang came from a technical background and worked in Silicon Valley in the United States for a long time. He likes to speak directly.
"Currently, the company's business is booming, but it is restricted by funding. And the particularity of this industry does not allow us to develop slowly, so I thought of financing. For the second round of financing, the company's valuation really cannot be less.
If it is less than 400 million yuan, otherwise Mr. Lu and I will suffer a lot of losses. In addition, it is also important that the financing cannot change the control of the company."
Lu Yali glanced at Gao Mingkang, a little speechless. She said to herself, you are not here to negotiate, you are just here to give an ultimatum.
"Although Mr. Lu and Mr. Gao's words were a bit more direct, he did not exaggerate the company's operating conditions. This valuation was calculated repeatedly by him and me, and the lower limit of the value was taken."
Lu Yali had no choice but to speak at this time and could only tell the truth.
"I will consider this valuation. I will ask Mr. Mu and others to issue an evaluation report later. Mr. Gao, I am afraid I can only invest 200 million here for the time being. If I want more, I will have to wait for a while or introduce new shareholders.
."
Hu Yang also felt that the valuation of 400 million was not high, but he did not agree immediately.
"Okay, then I'll just wait for the good news from Mr. Hu. By the way, I was in a hurry last time in Xiangjiang, so why don't I treat you two to dinner today?"
Gao Mingkang also realized that he was a little too anxious and quickly thought of a way to make up for it.
"No problem, let Mr. Gao spend some time today."
Hu Yang smiled and nodded in agreement, so naturally Lu Yali would not refuse.
Arranging for Mu Shaoqing to come up with an evaluation report as soon as possible, Hu Yang, Gao Mingkang and Lu Yali left the office building.
Just after going to work the next day, Mu Shaoqing turned in an evaluation report to Hu Yang with a pair of panda eyes. Apparently, Mu Shaoqing and his team worked overtime late last night.
Skipping the details, Hu Yang saw that after detailed calculations, the valuation of Mingkang Communications was around 450 million yuan.
There was no problem. Hu Yang called Gao Mingkang and Lu Yali in the morning to continue the discussion.
Gao Mingkang and Lu Yali breathed a sigh of relief when they heard that Hu Yang approved the valuation of 400 million yuan. Especially Lu Yali, who was worried about causing Hu Yang's misunderstanding.
"Mr. Hu, 200 million yuan is enough for this round of financing. I can also borrow some money from the bank later, and the company's funding problems can be solved at once."
Gao Mingkang, Lu Yali and Hu Yang quickly reached an agreement in principle.
Huijia Holdings injected another 200 million yuan into Mingkang Communications and acquired a new 25% stake in Mingkang Communications. In addition to Huijia Holdings' previous equity in the company, Huijia Holdings' share of Mingkang Communications after the new round of financing increased
Reached 46%.
After this round of share dilution, Gao Mingkang’s shareholding accounted for 33%, while Lu Yali’s shareholding accounted for 21%.
Asking Pei Yunfang to prepare the contract, the three signed the capital increase and share expansion agreement on the spot.
"Mr. Hu, thank you for your support. I have to rush back to the company today, and we will chat next time when we are free."
Hu Yang arranged the finances and then transferred the 200 million yuan to Mingkang Communications' account. Gao Mingkang hurried back to Shenhai. This man really had such great energy in doing things.
"Sister Lu, you are not in a hurry, please sit with me for a while."
Hu Yang left Lu Yali behind, and he still had to explain some things to her.
After all, Hu Yang is only worried about one thing, and that is whether Mingkang Communications can transform in advance when PHS is a big hit.
The life cycle of PHS is no more than ten years at most, and its glory period is only five years, and then it will slowly decline. It is wise to transform as early as possible and enter the mobile phone industry.
"Mr. Hu, don't worry, I will remember your instructions."
Lu Yali holds several executive positions at Mingkang Communications, and she is also involved in the company's business activities, which is different from Hu Yang.
"Okay, Sister Lu. With your words, I feel relieved."
The matter of Mingkang Communications has come to an end. As long as this company develops according to the plan, it will soon become a rising star in the industry.
As for whether they can compete with hw and zx, Hu Yang thinks it is unlikely. Those two companies are originally manufacturers of communication equipment, such as program-controlled switches. Their brands, strength and relationships with operators are not what Mingkang Communications can do.
Comparable.
But no matter what, Mingkang Communications can occupy a part of the market share in the field of PHS.
200 million yuan of funds were transferred to Mingkang Communications, leaving only about 60 million yuan in Huijia Holdings' accounts.
Mu Shaoqing quietly reserved all the projects he proposed before. But the staff cannot be idle. Projects invested by the company need to be investigated one by one, and new projects need to be pre-researched. The company is still running at a high speed.
Of course, Populus euphratica is now at leisure. The seeds have been sown and they are just waiting for the harvest. After all, his energy is limited. If the stall is too big, it may not be a good thing.
Recently, Hu Yang, who had nothing to do, began to like tennis. Usually in the afternoon, he would take Han Wen to the tennis club. The club had professional sparring partners, but after practicing for a few days, he spent most of the time playing against Han Wen.
He and Han Wen have been rivals since they started practicing Sanda. In terms of cooperation, they are even better than professional sparring partners.
"Boss, look at everyone, they are all playing ball with beautiful women."
Han Wen's tennis skills are average and he doesn't really like the sport, but can he refuse the boss's arrangement?
Of course not, so he gave Hu Yang advice from another angle.
"That's not playing ball. It's more like picking up girls."
Hu Yang didn't take it seriously, but when he saw Han Wen's expression that he didn't dare to say what he wanted to say, he still got angry.
"Awen, if you don't want to play ball, just say so. Why are you talking about beautiful girls? Damn it, I will continue to practice Sanda tomorrow. You deserve a beating sometimes."
"Hey, how dare I not play ball with you? However, I still like sparring, how about we go now?"
Privately, Han Wen is not very afraid of Populus euphratica, and the two of them have always gotten along well.
Hu Yang glared at Han Wen, and Li Jie stood aside and smiled secretly. At this time, his cell phone rang.
"Boss, the person on your phone said he was a business representative from Dassault."
Li Jie became the temporary secretary and helped Hu Yang answer the calls.
"Hello, Mr. Hu Yang. I am Katerina, the business representative of Dassault. There is a civil aviation show in Paris next week. Are you interested? I have an invitation letter here that I want to send to you.
"
The female voice on the phone was very pleasant, and the most interesting thing was that Katerina actually spoke very good Mandarin, with a little bit of Northeastern flavor.
"Civil aviation show? Well, I'm very interested. Miss Katerina, I'm currently in Yangcheng. Where are you?"
I didn't expect that Dassault would send me an invitation letter. It's really comfortable to see how people treat potential customers.
"I will arrive in Yangcheng soon. Mr. Hu Yang, I have the address of Huijia Holdings Co., Ltd. When I arrive, I will go to your company to meet you, okay?"
"Yeah. No problem, but when you come, you'd better make a call in advance to avoid me being away from the company. So that's it for now. Goodbye."
Hu Yang hung up the phone, unable to picture in his mind what a Mandarin-speaking Katerina looked like.
"Forget it, let's stop fighting. Let's just stop here today. Awen, let's go back to the company now."
At this moment, Hu Yang lost interest in continuing to play ball. He planned to return to the company to study all the information on the business jets he had.
For example, Bombardier, Gulfstream, Airbus, and of course the focus is France’s Dassault.
"Assistant Pei, please make a comparison chart out of this information, focusing on the technical parameters of various business jets."
Back at the company, Hu Yang looked through the information for a while, but he felt that it was troublesome to compare like this, so he asked Pei Yunfang to make a comparison table, so that it would be clear at a glance.
"Okay, Mr. Hu, I'll do it right away."
Chapter completed!