Chapter 81 Shenhai or Pengcheng?

“Goldman Sachs and JPMorgan Chase, we only need to find these two, plus a waterfall fund.

This round, 15% of the shares will be given to these three institutions." Chen Yuanguang made the decision.

Sun Renjie knew the first two, well-known financial oligarchs, but the last one, the waterfall fund, was a nobody.

"Boss, don't we have to choose a state-owned enterprise this round?" Sun Renjie asked.

When you want to get an answer and the person you ask is your boss, it is best not to ask directly. You need to learn to be roundabout.

Ask relevant questions and let him tell you.

“No, it will be listed on the Science and Technology Innovation Board later, and state-owned capital will enter the market in that round of fundraising.

For subsequent targeted capital increases and share expansions, we will try our best to choose state-owned assets.

Cascade Fund is an investment fund owned by Gates. They can not only influence the decision-making in Washington, but also enable us to enter the African market.

These three institutions can cover most of the world.”

The reputations of Goldman Sachs and Morgan are not as effective as that of the Gates Foundation in Africa. After all, huge sums of real money are invested in Africa every year. Money represents resources, and resources determine whether anyone will listen to you.

The Gates Foundation has been deeply involved in Africa for more than 20 years, and its influence cannot be compared with that of Goldman Sachs and Morgan, which are only concerned with making money.

These three families have carefully selected top investment institutions.

Guangjia Technology's Series A financing was very quick in selecting investment institutions, because there were only a few institutions that could offer conditions, and there was no essential difference between these institutions, so they simply picked the ones that had been in business long enough.

Guangjia Technology is different. It needs investment institutions to have continuous confidence and be able to provide funds in the long term. Although they only have supervisory rights, they also have the power to decide whether to make additional investments in the future.

“Shenzhen Capital Group, Shenhai Yangtze River Delta Industrial Upgrading Equity Investment Fund and Hefei Investment Fund are the local investment funds with the strongest willingness, relatively few demands and the ability to provide long-term financial support.

On the premise that the financial conditions are similar, we need to fully consider the geographical factors, Shenhai>Pengcheng>Hefei.

Hefei cannot even radiate its entire province. A large number of cities in Anhui Province followed Jinling to jointly build the Jinling urban circle. Their radiation range is limited to Hefei itself and neighboring cities.

Shenhai can radiate to the entire Yangtze River Delta region. The economic vitality of this region can ensure that even if the land finance declines, Shenhai’s room for maneuver is far greater than other places.

The same goes for Pengcheng, but the Pearl River Delta has two centers, and Pengcheng is particularly dependent on its population structure.

Whether in terms of industrial structure or urban appearance, Pengcheng is very similar to Osaka. Osaka was full of economic vitality during the period of rapid development of the neon economy and was an urban area comparable to Tokyo. However, since the 90s, their economy has stagnated for a long time.

The siphon effect of the Tokyo metropolitan area has resulted in a lack of population growth in the Osaka metropolitan area and a loss of economic vitality.

If China's economy experiences a hard landing, Shenhai's ability to resist risks will be far stronger than Pengcheng's.

In addition, light armor aerospace is a project that will last for many years, and the first phase will take five years, which is still the most optimistic estimate. "

Regarding who Guangjia Aerospace would choose to be deeply tied to in the first phase, Chen Yuanguang expressed his hope to choose Shenzhen Capital Group, but Lin Jia strongly opposed it.

“If this is just a short-term thing, say $20 billion for three years, then I think anyone can be chosen, it all depends on sincerity.

Now we are selecting partners for the next 20 years, and Shenhai’s administrative standards must be better than Pengcheng’s.”

Lin Jia's reasons were very good, and she said she could find data to support her point of view. Chen Yuanguang chose to take a step back: "We need a lot of funds to support my plan.

We can choose multiple partners. We can place the nominal headquarters and administrative headquarters in Shenhai and choose Shenhai as the registered place.

But I would like to place the R&D center in Pengcheng because I think Pengcheng’s industrial strength is more in line with our needs.

Shenhai and the Yangtze River Delta region are still mainly based on export trade and are not as good as Pengcheng in industrial upgrading.

In addition, we need a large number of top talents in the field of computer algorithms, and Pengcheng has more talents in this area.

Therefore, for the first round of investment in Guangjia Technology, we chose competitive negotiation and talked with these state-owned platforms one by one.

Then we don’t need foreign investment. In the early stage we just need to cooperate with Musk to complete theoretical verification. Later on, we will basically rely on domestic companies for the entire industrial chain.

Domestic companies are currently unable to meet our needs in terms of precision, so we need to cultivate some companies that can grow with us.

Only state-owned capital would have this willingness.”

"The clinical trials of Guangjia Technology have received good feedback and completed the A round of financing. This round of financing was participated by Goldman Sachs, JPMorgan Chase, Cascade Fund and Musk. The valuation of this round of financing is 100 billion US dollars, and a total of 20 billion US dollars of cash flow was raised for clinical trials and medical license approvals worldwide."

This round of financing agreement was signed at the end of 2021. After the signing, apps such as Snowball, Oriental Fortune, and Flush all pushed relevant news simultaneously.

The forums of these apps are full of investors ("jiucai"), and everyone is very enthusiastic about the discussions because there have been rumors that Guangjia Technology will be listed on the A-share market.

"The valuation for this round is 100 billion US dollars. When it is listed on the domestic capital market, the valuation will be sky-high!"

"I just checked and found that the Cascade Fund is a trust fund under the Gates Foundation. Gates really loves Chen Yuanguang and he just accepted the $10 billion valuation."

"What true love? It's all about profit. Didn't you see the video clips of the experimenters who participated in the clinical trial? The human hibernation technology is very effective and it is a monopoly technology.

Entering the market now is like picking up money with a sack. If I buy it at this valuation, I can buy 10,000 shares!"

“The valuation jumped too fast. It took only half a year to go from 100 billion RMB to 100 billion USD. I estimate that the valuation will have to double again when it goes public next time, and go public on the A-share market with a valuation of 200 billion USD.

In the short term, this is not a good thing. The listing of such a large market will drain the liquidity of the A-share market.”

"What is bad? There are too many junk stocks in the A-share market. In my opinion, all the junk stocks with poor management should be delisted.

We need to support corporate upgrading and transformation through the capital market. Today, when Huawei is not listed, is there any company that can better represent the results of China's industrial upgrading than Guangjia Technology?

If we don’t allow such companies to go public, will we allow those Jiangxiang Technology companies to hype up their stocks every day and go public through backdoor listing on the A-share market? "

“I welcome it too. The shareholders behind it include SDIC, Goldman Sachs and Morgan Stanley, the former and current world’s richest man, and the major shareholder Chen Yuanguang is also a famous scientist. Is there a more luxurious list of shareholders than this?

If companies like this don’t buy it, what companies will buy it?”

"Guangjia Technology has not even started listing on the A-share market yet. If it goes to Nasdaq, it will be useless no matter how much you discuss it."

　There is one chapter left, which will be made up tomorrow.

　　
　
(End of this chapter)