Chapter 131 Equity Pledge
Wu Ying picked up a document from the coffee table and handed it to Zhang Chen, "Brother, take a look, this is the report on the cooperation intention between the Jiangyao Telecommunications Bureau of Zhejiang Province and us, and the following is the signature of the director." Doing business in Huaxia, if there is no policy support, there is no play!"
Zhang Chen flipped through the report, which roughly stipulated the rights and obligations of the two parties. Jiangyao Telecom Bureau will invest 5 million yuan to promote PHS together with UT, and introduce PHS to the market as a supplement to fixed communications, which is expected to be officially put into operation in the second half of 97.
Zhang Chen thought for a while, and said to Wu Ying cautiously: "Brother Wu, this document can only prove that the Jiangyao Telecommunications Bureau approves that you are doing business in Jiangyao, but PHS, as a technology that is about to be eliminated by Dongying, is still strong, no one can say." Let's put it this way, if I help you find a $25 million investment, how much will it take?"
Wu Ying said excitedly: "Really, can you find 25 million US dollars?"
You must know that the biggest wrongdoer in this era is SoftBank's Masayoshi Son, who often makes the decision to invest tens of millions of dollars in ten minutes. In the eyes of outsiders, it is definitely impulsive behavior and gambling. But Son's gambling has also brought him extremely rich returns, the greater the return, the heavier the gambling, and Son has entered a strange circle of logic.
As long as people are successful, there will be countless people who find the rationality and so-called foresight of your actions. And once you fail, this group of people will come out and summarize your so-called failure experience and reasons.
It's all an afterthought.
Now even Masayoshi Son, who is the most impulsive investor, has temporarily not invested in Starcom because of financial problems, and Wu Ying and his partners are anxious with fire sores on the corners of their mouths. The country is already waiting to be fed, but the investment here has not yet landed, and the capital chain is about to break.
Xue Biqun, who invested $250,000 before, did not dare to continue to invest even though he had cheated a lot of money on the son of a corrupt official in the past two years. And Lu Hongliang, the funds have been sold out at present, but he trusts Sun Zhengyi very much and believes that the other party will not die without help.
And in front of him, Lu Hongliang also beat a drum in his heart, not knowing if Starcom could hold on until Son Zhengyi's funds were in place, so he acquiesced in Wu Ying's proposal to contact IDG through a friend.
Therefore, when Zhang Chen said that he might help Starcom find an investment of 25 million, Wu Ying's excitement was understandable.
Zhang Chen nodded, "I can try it, you talk about your conditions first." ”
Wu Ying and several people from the core team muttered a few words to each other, and said cautiously: "We can make a little concession on the terms negotiated by SoftBank, 25 million US dollars, 30% of the shares." ”
Zhang Chen thought about it for a moment, "Okay, I know, I'll give you news within today." ”
Putting down the apprehensive Wu Ying and the others, Zhang Chen pulled Xiong Xiaoge and left the party.
Xiong Xiaoge hurriedly said: "Zhang Chen, don't be impulsive, this is a bloody business!"
Zhang Chen said calmly: "Brother Xiong, if I agree to join IDG now, I personally contribute 5 million US dollars, and the remaining 20 million US dollars will be borne by IDG, can McGovern agree?"
Xiong Xiaoge was dumbfounded: "Zhang Chen, are you really playing? You only have $5 million now, right?
Zhang Chen nodded: "Brother Xiong, if you think about it carefully, you will know that this business will not be lost." Starcom is currently mainly engaged in the business of program-controlled switches in China, and they have a high market share in the domestic program-controlled switch market and a high gross profit margin. Even the company itself has value in investing. At present, they are only short of working capital, so they are in a hurry to find investment, and I believe that with the operation of this company, as long as Son relaxes, he will definitely invest as soon as possible. When the time comes, we will be like each other again, and it may be too late. ”
Xiong Xiaoge said angrily: "Our investment must be carefully analyzed! Not by feeling! Moreover, they use the 20 million to pave HPS, HPS has been operating in Dongying for many years, facing elimination, what is the investment value of such a set of technology!?"
Zhang Chen looked at Xiong Xiaoge with deep eyes: "Brother Xiong, since you are against it, I will talk to Mr. McGovern." ”
Xiong Xiaoge was helpless, dialed McGovern's phone, and said angrily: "Parker, your genius boy wants to talk to you." ”
Patrick McGovern took the phone in surprise, and Zhang Chen said calmly: "Mr. McGovern, I agree to join IDG, but there are two conditions. One, my Tinder Capital will remain independent, but we are both obligated to cooperate with each other's actions when necessary. McGovern didn't hesitate to say yes, and it didn't cost him anything.
Zhang Chen took a breath, "Second, I invested 5 million in the name of Huoxinyuan Capital, and IDG cooperated with the investment of 20 million to acquire more than 30% of the shares of UT. ”
Hearing this request, McGovern frowned. It is of course a good thing that Zhang Chen found an investment project right away, but he also had to look at the specific situation of the project before making a decision.
asked Zhang Chen to give the phone to Xiong Xiaoge, and McGovern asked in detail about the specific situation of Starcom's investment. Of course, Xiong Xiaoge strongly objected, and McGovern was silent for a while, and asked Xiong Xiaoge to hand over the phone to Zhang Chen.
McGovern said apologetically to Zhang Chen: "Zack, we are a professional investment institution, and we must be responsible for every investment. The project you just said is too risky for me to respond to right away. But if you pass our review, you will still vote, you can rest assured. ”
Zhang Chen had expected it, and calmly said to McGovern: "Mr. McGovern, so be it, if IDG is unwilling to vote." I can pledge 50% of my equity in ICQ to you and pay interest at 50% of the Fed's interest rate for the year. That's equivalent to you borrowing $20 million from me at a low interest rate. You know, I didn't sell the $80 million Stake in ICQ that Steve Case's $80 million wanted to buy, and 50% of it was a risk-free option to mortgage it to you. And if I don't pay you back, you're making a lot of money. ”
McGovern pouted, although the Federal Reserve's interest rate is lower, but after all, there is no risk with Zhang Chen's 50% ICQ equity as collateral.
McGovern smiled heartily: "Since you are so confident, of course I will support it." ”
Zhang Chen secretly scolded the old fox in his heart, obviously thinking that it was profitable without risk, but he said the same as giving himself face.