Chapter 105 The agreement of 300 million US dollars
Although Huawei was founded by Ren Zhengfei and is not a listed company, Huawei is not the founder of Ren Zhengfei.
The matter of selling shares of Huawei Mobile Phone is of great importance, so he must make a decision through a high-level meeting.
However, Huawei had originally planned to sell its mobile phone business, so Lin Chen's proposal to buy shares in Huawei Mobile would probably not be a big problem.
Just when Ren Zhengfei convened Huawei's top management for an emergency meeting, Lin Chen and Su Ningyu temporarily left Huawei's headquarters and went to a nearby famous restaurant in Nandu, drinking coffee while waiting for news.
"Lin Chen, why do you suddenly want to invest in a mobile phone?"
As a witness who had watched everything happen, Su Ningyu was full of questions at this moment.
She really didn't expect that Lin Chen asked her to help him meet Ren Zhengfei for the purpose of acquiring a subsidiary of Huawei.
"Lin Chen, I remember your investment company doesn't do futures investment? Why did you suddenly think of investing in a mobile phone company?"
"You investigated me?" Lin Chen smiled and took a sip of coffee, "Miss Su cares about me so much, should I feel honored?"
"Who, who cares about you?" Su Ningyu blushed and said, "I just happened to hear someone talk about it, and you didn't tell me that you opened a company! You must not treat me as a friend!"
"Hahaha, you are right, this is my fault! How about I give you a supplementary notice after I get back?"
"It's too late!" Su Ningyu snorted.
However, this was just a joke between the two of them, and Su Ningyu's attention soon shifted to other things.
"By the way, Lin Chen, although you just bought shares, do you have that much money?"
"With the scale of Huawei Mobile, I'm afraid you need at least a billion, right? Can your company come up with that much money? Do you need me to lend you a little? If it's a few hundred million, I can still come up with it."
Su Ningyu's inference is likely to come true. From what Lin Chen heard before, in this world in 2009, Lenovo repurchased the mobile business it had sold to others for US$200 million.
By comparison, Huawei's bid may be slightly lower than Lenovo's, but even so, Lin Chen's existing funds may not be enough.
But Lin Chen had never considered borrowing money.
"No, I will find a way to solve the money issue myself. I appreciate your kindness."
Su Ningyu stared at Lin Chen and shook her head: "Okay, but my kindness is still valid. If you need to borrow money, I can lend it to you at any time."
"Thank you."
The coffee didn't last long. When Ren Zhengfei already had an idea, Huawei quickly responded.
Not long after, a phone call came to Lin Chen. After Ren Zhengfei inquired about Lin Chen's location, he hoped that he could return to Huawei's headquarters to make final discussions about buying shares.
Lin Chen naturally agreed.
This time back at Huawei Headquarters, Lin Chen and Su Ningyu were treated very differently from before.
Before the two got out of the car, they saw Ren Zhengfei and a group of people waiting at the entrance of the headquarters, and they actually greeted him personally!
After getting off the car, the two held hands together.
"Mr. Lin, I can't wait to tell you the good news. The company's board of directors has approved in principle your application to buy shares in Huawei Mobile. We will discuss the specific details in a moment."
"This is the good news I've been waiting for."
Done!
Lin Chen's eyes flashed with a hint of unnoticeable excitement.
The door has been opened to him to create brilliance in the future and become a mobile phone empire that the Chinese people are proud of.
As long as he successfully invests in Huawei Mobile Phones, even if Lin Chen does nothing in the future, he is sure that he can suppress Wu Hui so that the Wu family will never dare to be reckless with him again.
In a conference room of Huawei, this time, Lin Chen and Huawei sat on the left and right sides of the conference table respectively.
Compared with before, this time it will be a formal negotiation.
However, before the negotiations began, Ren Zhengfei introduced several people around him to Lin Chen. These people were all senior executives of Huawei.
This also includes the current president of Huawei Mobile.
It's a pity that this person didn't have much impression in Lin Chen's memory.
However, among the many senior executives, Lin Chen couldn't help but look at a middle-aged senior executive at the bottom.
Yu Chendong?
If Lin Chen's memory of his previous life is correct, this person seems to be the later president of Huawei Mobile in Lin Chen's previous life.
Lin Chen silently remembered him in his heart, and then sat down.
After that, there was a tense negotiation.
Although it was Lin Chen's first time to participate in this kind of business negotiation, fortunately he had Su Ningyu, a strong business woman, by his side.
This made Lin Chen feel a little lucky. Fortunately, Su Ningyu came with him this time, otherwise he would really be unable to cope with it.
At the beginning, Huawei directly valued 55% of its shares at US$200 million.
This offer was immediately refuted by Su Ningyu, because Lenovo had only spent US$200 million to repurchase their mobile phone business not long ago. Their mobile phone business was still profitable at the time.
In comparison, Huawei is simply opening his mouth like a lion.
Moreover, only 55% of the shares were held, which was far lower than Lin Chen's goal.
But this is normal. After all, isn't the so-called negotiation just a trick of raising the price and paying back the money on the spot?
The two sides continued to argue, and until 6 o'clock in the evening, they finally reached an agreement. Lin Chen would invest US$300 million in shares, owning 70% of Huawei Mobile.
This figure, in Su Ningyu's opinion, meant that Lin Chen had suffered a big loss, but Lin Chen was secretly happy because he knew that this mere 300 million U.S. dollars would lead to a mobile phone giant with a revenue of 300 billion in the future!
Even when Huawei discovers the potential of Huawei mobile phones and wants to buy them back like Lenovo, Lin Chen might be able to take the opportunity to invest in Huawei and become one of the directors of this top high-tech company.
After signing the agreement, Ren Zhengfei held Lin Chen's hand tightly and said with a smile: "Mr. Lin, in order to celebrate the success of our cooperation, I will invite you and Miss Su to have dinner together on behalf of Huawei later. Please don't refuse.
"
"Hahaha, of course I will not refuse Mr. Ren's invitation."
Immediately, the two of them went to the hotel with Ren Zhengfei and Huawei executives at the scene.
On the way, Lin Chen couldn't hide his excitement on his face.
But Su Ningyu couldn't help pouring cold water on him: "Lin Chen, can you really afford 300 million U.S. dollars? Don't forget that if you can't come up with 300 million U.S. dollars in one month, your 500 million will be lost.
The water is floating!”
Regarding the method of delivering funds for this equity cooperation, Huawei gave Lin Chen a one-month grace period, but at the same time, perhaps because he suffered losses in the last negotiation with a foreign company, this time Huawei wanted to ensure unnecessary losses
, put forward many harsh conditions.
First of all, Lin Chen must inject 500 million yuan into Huawei Mobile within three days. On the one hand, it is a guarantee for his investment, and on the other hand, it is also to maintain the daily operating expenses of Huawei Mobile.
Secondly, if Lin Chen is unable to pay off the US$300 million in one month, this cooperation will automatically expire. Not only will he not be able to get a single share of Huawei Mobile, but he will not even get back the 500 million yuan he injected before.
.
And before that, Lin Chen couldn't interfere with anything on Huawei Mobile.
However, that is a total of 300 million US dollars!
Calculated at the current exchange rate, it is equivalent to more than 2.1 billion yuan. After deducting the 500 million that Lin Chen invested in advance, he still needs at least 1.5 billion. Su Ningyu is very doubtful that Lin Chen can come up with this money within a month.