Chapter 211 Investment Presentation (Part I)
On Salisbury Road, Tsim Sha Tsui, Kowloon, Hui Shixun, accompanied by his nephew Xu Jiankui, walked into the Renaissance Hotel. To participate in the "Oriental Creative Incubation Park New Enterprise Promotion Conference", please turn left and take the elevator to the conference room on the 12th floor!
"I have to admire the shark gall, it only took seven or eight years for this broken dock to be made into a cornucopia by him!" Xu Shixun said with a sigh.
Ten years ago, Cheng Yuk-Tung purchased the "Blue Chimney" Warehouse Terminal in Tsim Sha Tsui from Swire & Co. for a shocking HK$137 million.
The two five-star hotels planned for New World Centre, New World Hotel and Renaissance Hotel, opened in 1978 and 1980 respectively. The remaining office and high-end residential projects in the East Wing have also been completed, leaving only the West Wing office and large shopping mall in the final stages to open early next year. It will soon become one of Kowloon's new landmarks.
Zheng Yutong entered the real estate industry no earlier than the Xu family, but compared with the Xu family's steady and conservative style, the Zheng family is better and happy. As long as it is Zheng Yutong's own project, he dares to make a bold move, and he is nicknamed "Shark Guts". Over the years, Zheng Yutong's worth has already left the Xu family a lot.
Now when Hong Kong people mention Cheng Yutong, they no longer say that it is Chow Tai Fook's jewelry king, but that New World is the real estate king. When it comes to the Hui family, everyone's impression is still that of the former Hong Kong ship king family, and the Xu family actually does not have a ship in their hands for a long time. Thinking of this, Shixun couldn't help but sigh softly. Maybe it's time for me and my second brother to make some changes in their business strategy.
"You are the vice president of Oriental Venture Capital, don't you need to come over in advance to prepare?" Xu Shixun asked his nephew, who was half a step behind him. Xu Jiankui specially waited for him at home today to come over to attend this promotion meeting.
"The person in charge of today's promotion meeting is the person from the Oriental Business Incubation Park, and we venture capital companies are the same as other guests. Just a pure investor. It's just that our investment plan has been finalized a few days ago!" Xu Jiankui explained.
The two walked towards the elevator, and just after taking a few steps, a greeting came from behind them: "Xu Sheng, please stay!"
Speaking of Cao Cao Cao, Xu Shixun didn't have to look back to hear that the person behind him was the "shark gall tong" he had just sighed in his heart, and he was also Zheng Yutong, the owner of this Renaissance hotel.
"Zheng Sheng is also interested in participating in this venture capital promotion meeting today!" Xu Shixun showed a warm smile. said to Zheng Yutong, who was striding up.
"I heard that 'God of Wealth Li' has plans to bring everyone to make a fortune together, so I also came here to have a good time!" Zheng Yutong said with a hearty smile.
Their generation's views on Li Xuan are actually quite complicated. I will be more or less jealous in my heart, after all, the achievements I have made after working hard for most of my life are not as brilliant as the achievements made by a young man in a year or two. But I have to admire it a little, because Li Xuan's wealth is really earned from foreigners. Whether it's a game console or a computer, it's all over the world, which is much more difficult than navigating around in a small place like Hong Kong.
It is precisely because of such a complex mentality that after Zheng Yutong learned that Li Xuan's company would hold a risk promotion meeting in his hotel, he specially came to see what was so special about this "God of Wealth Li".
Xu Shixun and Zheng Yutong took the elevator to the conference room on the twelfth floor. The huge conference room was now full. As soon as Xu Shixun and Zheng Yutong entered the door, many people immediately recognized the two billionaires, and they couldn't help but be a little surprised in their eyes.
"Hu Sheng is waving in front!" Xu Jiankui's eyes were bright, and he pointed to Hu Yingxiang, who was waving to them in the front row.
Xu Shixun and Zheng Yutong nodded to the others who greeted them. He walked quickly towards the VIP seat in the front row. Everyone's identity, status, and wealth have created different circles.
For example, these people sitting in the front row, Hu Yingxiang, Xiangzhiqiu and other people are all worth more than 100 million. Others may come up to say hello, but they won't sit down without taking their toes. Xu Shixun greeted several familiar faces one by one. I couldn't help but sigh that Li Xuan's influence in Hong Kong is indeed getting more and more, and the billionaires alone have attracted five or six.
"You are welcome to take time out of your busy schedule. A total of 15 enterprises were recruited by the Oriental Incubator Park today, including 11 from Hong Kong. There are 4 enterprises from Taiwan and the Gulf.
Among the projects in Hong Kong, there were 7 companies that originally belonged to the incubator, and 4 other companies that we selected and thought had great potential. These 11 companies are all in the electronics-related industry, and we will introduce them to you in detail later.
Let me first introduce the development process and purpose of the Oriental Entrepreneurship Incubation Park. Last year, Mr. Li Xuan ......"
Standing on the stage to preside over the promotion was Xu Yu'an, president of the Oriental Entrepreneurship Incubation Park. He is one of the talents that Li Xuan recruited from the United States, and has a wealth of experience in running a technology incubator funded by the California government in San Francisco.
Xu Yu Antong Guò made a sprinkling introduction, striving to promote his boss Mr. Li Xuan, and making great contributions to supporting the entrepreneurship of ordinary people in Hong Kong. After that, the promotion meeting finally got to the point.
Founded in October last year, the founders were two college students, namely Fok Yiu-leung, a junior from the University of Hong Kong, and Tam Ka-ming, who had just graduated from the Hong Kong Polytechnic.
In the first Hong Kong College Student Game Creativity Competition held by Oriental Games last year, the two won the first prize with the game "Bomb Defuser", and then used the 300,000 Hong Kong dollars paid by Oriental Company to buy out the game copyright to establish Mingyao Game Company.
Mingyao Games has 4 full-time game developers and 12 part-time game developers, and has just developed two new games based on the Gameboy handheld game console platform, which have received 3.5 and 4 stars from Oriental Games respectively.
Mingyao Company plans to raise 2.5 million Hong Kong dollars this time, which will be used for the deposit and distribution fee required for the two games to be listed on the Gameboy platform. The current shareholding structure of Mingyao Company is that the founders, Mr. Huo Yaoliang and Mr. Tan Jiaming, each hold 40% of the shares, and the Oriental Incubation Park accounts for 20% of the shares, and the company's total valuation is 15 million Hong Kong dollars.
In the information just sent to you, there is a detailed introduction to the various numbers of Mingyao Game Company. I would like to add here that Oriental Games Co., Ltd. has 5 levels of game products approved for its Gameboy handheld game consoles and FC home game console platforms from 3 stars to 5 stars. According to the analysis of the number of dozens of games that have been released on Gameboy, games rated 3 and 3.5 stars have annual sales of at least 1 million and 2 million copies worldwide!
Next, I would like to invite Mr. Tan Jiaming, one of the co-founders of Mingyao Games, to make a live presentation, and then he will answer your questions on the spot!" Xu Yu'an said, raised his arm and waved it not far away, making a gesture of invitation.
Tan Jiaming, who was wearing a pair of short-sighted glasses and a little childishness on his face, walked to the podium in the center of the front amid the applause of everyone. He and his friends set up a game studio with 300,000 yuan last year, and the valuation is now as high as 15 million Hong Kong dollars. The duo's investment has multiplied nearly 40 times in one year, and they are indeed entitled to the warmest applause and flowers.
Xu Shixun listened carefully to the young man on the stage who looked nervous and spoke a little tremblingly, and he was a little stumbling in his speech. The game industry is indeed a huge gold mine, and this Mingyao game company is one of the projects that Xu Shixun is very optimistic about. The valuation of the company of 15 million Hong Kong dollars is still low in his opinion.
As Mr. Xu Yu'an said just now, 3 stars and 3.5 stars mean sales of 1 million and 2 million copies respectively. In other words, the two game products just developed by Mingyao Games Company have sold at least 3 million copies within one year after they were launched.
Each game card only needs to make a profit of 5 Hong Kong dollars, and the total profit for a year is enough to support the company's current valuation. The price of genuine Gameboy game cards is above 60 Hong Kong dollars. Although Oriental Game Company has to take a lot of profits, Mingyao Game Company can get about 8 Hong Kong dollars for every game card sold.
“…… We hope to seek 5 to 10 investors to participate in the investment in Mingyao Games, and the maximum investment capital of each investor does not exceed 500,000 Hong Kong dollars!" Tan Jiaming spoke more and more smoothly, and by the end of his speech, the whole person was already full of confidence.
In the next question session, the first question asked by the investors in the audience was why Mingyao Games Limited the number of investors and the maximum investment amount per person.
"This is not something that needs to be deliberately concealed, your investment in Mingyao is a short-term act, the purpose is to obtain sufficient returns!
Therefore, we hope to be able to appropriately diversify the equity obtained by each venture capitalist, so as to ensure that you and Huo Yaoliang will not cause too much trouble to me and Huo Yaoliang to control the company!" Tan Jiaming very readily stated his purpose.
In addition to providing logistical support to the enterprises in the park, the Oriental Entrepreneurship Incubation Park will also hold various lectures on a regular basis to let entrepreneurs know more systematically how to manage a company and how to deal with venture capital.
An entrepreneur like Tan Jiaming, when he was just about to set up a company last year, was still a rookie who didn't know anything and only devoted himself to entrepreneurship with enthusiasm. But after a year of grinding, they have become more and more mature and sophisticated. (To be continued......)