Chapter 453 Resurrection with full blood

Different from charity funds and investment companies, the high-tech venture capital fund initiated and established by Hu Yang has been serving the domestic semiconductor industry from the beginning.

The operating rules of the Hi-tech Venture Capital Fund are that the Huijia Group has permanent control. The fund can accept the supervision of various investing companies, but it will not accept any interference.

To put it bluntly, the High-tech Innovation Investment Fund is the private territory of Populus euphratica, and the meaning of its existence is to dance with the key domestic semiconductor companies.

After Hu Yang finished speaking, the audience burst into applause.

What Hu Yang said really spoke to their hearts. The high-tech innovation investment fund sounds very high-end, and it seems that it has raised quite a lot so far. However, how many domestic high-tech companies are there?

?Throwing some money into every industry will have no effect at all.

This is the difference between high-tech venture capital funds and investment companies. It does not first think about how to make profits. Its role is to support several key companies in a certain industry, thereby driving the rise of the entire industry.

At that time, isn't profit inevitable? Therefore, for high-tech innovation investment funds, making money is just a matter of incident, and you don't need to pay too much attention to it at all.

The companies of these people here are closely related to the semiconductor industry. As the domestic semiconductor industry flourishes, each of them will be a beneficiary.

"Mr. Hu, then this matter is settled. I have to go to Europe tomorrow, so I won't chat with you."

Gao Mingkang often visits the company's R&D center in France recently. Mingkang Communications is actively participating in the formulation of 3G standards, and some new technological achievements are also constantly emerging.

"I'm leaving too, Mr. Gao, wait for me."

Chen Hao also stood up, said hello to Hu Yang and others, and left Hu Yang's office with Gao Mingkang.

Liu Jin sat there silently today. It was not until this moment that he spoke: "Mr. Hu, you also know the situation of Oriental Technology. I really can't come up with funds."

"Haha, Mr. Liu, you don't need to explain. Oriental Technology is also a big money burner. Don't worry, no one will think too much about it. Moreover, when the company is preparing to build the sixth generation TFT-LCD production line, the Hi-tech Venture Capital Fund will also give you

Certain financial support.”

Hu Yang thinks that even if Charming Semiconductor has begun to make a profit, Oriental Technology may not be able to achieve breakeven.

In that time and space, Oriental Technology spent ten years sharpening its sword, and it took a full ten years to achieve positive profits.

So Populus euphratica is really not in a hurry, and is not afraid of being late for a good meal.

Liu Jin smiled gratefully, then raised his hand and glanced at the time, and said: "I have to rush back to the capital in the afternoon, Mr. Hu, Mr. Chen, we will see you in a few days."

Immediately, Liu Jin also left Hu Yang's office, and it was still Mickey who sent the guest to the elevator.

"Hey, brother Hu, you have a lot to worry about today. Do you think that Charming Semiconductor can really rise?"

Even with financial support, Chen Jialin still lacks confidence in Charming Semiconductor. This time, the price war of S-Star has greatly touched him. Only now does he realize that domestic memory chips, especially DRAM, are not as good as those of international giants.

The gap is really too big.

Some gaps cannot be bridged by spending money. They involve the accumulation of talents, technology, experience, etc.

"Mr. Chen, how do you want me to answer this question? But generally speaking, you will only have a chance if you try to catch up. Isn't Xentong International a good example?"

Populus euphratica has ten thousand reasons not to give up, but there are some things that cannot be said to anyone.

At present, the mainstream voice in the economic circle is to integrate with international standards and actively participate in the international division of labor. To put it bluntly, there is no need to engage in all industries. For industries such as semiconductors that are technically difficult and consume large amounts of capital, there is no need to bite the bullet and compete with the United States and Japan.

Competition between Europe and South Korea. Whatever is missing, I can buy it back. This is in line with economic laws.

However, Hu Yang knows that there are many times when you can’t buy things even with a lot of US dollars.

Furthermore, if you don’t work hard, you will always be suppressed at the low end of the industrial chain. Others make money lying down, so you have to work hard to make money. Moreover, the money you make by working hard is not as good as what others make by lying down.

A fraction of the money.

The most important thing is, what if one day someone becomes unhappy and stops selling the core components to you? Then you will no longer have the chance to work hard.

At this time, Mickey knocked on the door and walked in.

"Mr. Hu, Manager Liang from Hi-tech Venture Capital is here."

The high-tech innovation investment fund has a board of directors. Hu Yang is the chairman of the fund board, and Liang Yu is the executive director and general manager. Its operating model is very different from that of ordinary funds or companies.

Specifically, companies that subscribe for fund shares do not have seats on the board of directors. The board of directors currently has only five directors, and except for Hu Yang and Liang Yu, the other three are supervisors.

If you have to compare, those three directors are probably equivalent to independent directors on the board of directors of a listed company.

"Then I'll go too. I'll treat you to Western food in two days."

When Chen Jialin saw that Hu Yang was in trouble, he stood up and left.

"Secretary Mi, please let Manager Liang come in, and then see Mr. Chen off for me."

As soon as Chen Jialin went out, Liang Yu walked in happily.

"Manager Liang, what are you so happy about? Come, sit down and talk."

Hu Yang looked at Liang Yu and knew that he must have brought good news.

"Mr. Hu, I really didn't expect Baoqing Iron and Steel to be so generous. They came to sign the contract this morning and subscribed for 3 billion yuan of fund shares."

No wonder Liang Yu is so happy. It's not a matter of too much money or too little, but it's that Baoqing Steel has basically nothing to do with the semiconductor industry. They are so generous, which shows that the fund is quite attractive.

"Haha, this is a great event. However, Manager Liang, are you wondering why the other party would do this? My understanding is that this is a supportive attitude of the state-owned assets towards us."

In fact, this kind of thing is not surprising. Hu Yang remembered that in the past, when the country established the integrated circuit fund, Baoqing Iron and Steel also invested such a large amount of money.

Maybe it’s someone’s strategic vision, maybe it’s the tax-free policy for industrial funds, maybe it’s the attitude of state-owned assets, etc...

There’s really no need to get to the bottom of it, it’s not a bad thing anyway.

"Oh, let me tell you, those who came to subscribe, pay and sign contracts this morning are all large state-owned enterprises. Mr. Hu, look, here is the list and the subscription amount."

Liang Yu was thoughtful, and then handed Hu Yang a piece of information.

Hu Yang looked at it and saw a list of names on it, including large enterprises such as Deep Sea Port Group and Deep Sea Power Group that he was familiar with.

Needless to say, when these companies come to subscribe for fund shares, they definitely represent the city’s intentions.

Together with the subscriptions from these companies such as Baoqing Iron and Steel, Chen Hao, Chen Jialin and others, Hi-tech Venture Capital has raised more than 10 billion yuan this morning.

In the following period, a large number of companies including Caihong Electric, Hantang Communications, hw, zx, Jingli Mobile Phones, etc. came to subscribe, and the funds raised have exceeded 50 billion yuan, reaching 57.5 billion yuan.

The US$2 billion investment led by Hu Yang is equivalent to 16 billion yuan (rmb), which means that the scale of Hi-tech Venture Capital's capital has reached 73.5 billion yuan.

This number is very scary. Even ten listed companies cannot raise so much funds.

During this period of time, Liang Yu became more and more courageous in the war. He reported to Hu Yang that his main task in the next stage was to raise another batch of funds from Xiangjiang.

Hu Yang did not dampen Liang Yu's enthusiasm. In fact, Charming Semiconductor's application to be listed on the Stock Exchange was not approved. This shows that it is difficult for Hu Yang to continue to raise funds from Hong Kong.

...

"Mr. Hu, good news! Charming Semiconductor's private placement application has been approved by the regulatory authorities."

On this day, Yan Hanzhang came to Hu Yang's office very excitedly.

This time, Charming Semiconductor applied for private placement in the domestic market, with the goal of targeting high-tech venture capital funds. This time things went very smoothly, and all departments gave the green light all the way.

One of the most important reasons is that private placement will not draw blood from the market, and relevant parties are also working hard to promote this matter.

In this private placement, Charming Semiconductor issued 4.65 billion shares to the High-tech Innovation Investment Fund at a price of 3.20 yuan per share, raising a total of 14.88 billion yuan.

This price is a little lower than the initial issue price of Charming Semiconductor when it was listed, because the tradable shares originally issued were unrestricted, and the private placement of these shares has a lock-in period of three years.

After the completion of this round of additional issuance, Charming Semiconductor's total share capital has reached 26.1 billion shares. Among them, Charming Technology holds 15 billion shares of the company, accounting for 57.47% of the shares. It is still the company's largest shareholder and has an absolute controlling position.

Hi-tech Venture Capital Fund holds 4.65 billion shares of Charming Semiconductor, accounting for 17.82% of the shares, making it the company's second largest shareholder.

Integrated Circuit Development Fund, Hongda Asset Management Company and their concerted persons hold a total of 4.5 billion shares of Charming Semiconductor, accounting for 17.24% of the shares, making them the company's third largest shareholder.

According to the agreement, neither the second-largest shareholder nor the third-largest shareholder has management rights of the company, and pledged not to seek control of the company under any circumstances.

At this point, Charming Semiconductor has lifted the alarm of insufficient funds and is completely resurrected with full health.

Spring was warm and the flowers were blooming. A Gulfstream G550 business jet took off from the deep sea and headed straight for the ancient capital Chang'an.

On the plane, Hu Yang and Yan Hanzhang sat opposite each other, tasting wagyu veal steak and taking a sip of red wine from time to time.

"Mr. Yan, Charming Semiconductor will not have to worry about funding for a long time to come. Do you think our trip to Chang'an can achieve the expected results?"

Hu Yang finished the last bite of food and put down the tableware.
Chapter completed!