My Virtual Girlfriend-Chapter 372

Redwood Capital was the lead investor for Headline Technology in this round of financing.

In the 1 billion yuan financing quota, they alone occupied 700 million.

The remaining 300 million quota was divided among several other small and medium-sized institutions.

These were all deals that were almost finalized. Unexpectedly, Redwood had a sudden change of heart! This caught Headline Technology off guard.

Seeing Zhang Wanhai’s grim face, the director of the investment strategy department said, "Redwood standing us up this time has greatly affected their reputation in the VC circle."

"However, since the two parties have not yet signed a letter of intent, legally, they are not in breach of contract."

"So, we can only choose not to go with them in the next round or make a public announcement..."

Hearing this director’s words, Zhang Wanhai waved his hand, interrupting his speech, and said, "Don’t talk about that. It’s of no help now."

At this point, he turned to another director and asked, "Director Gou, how is our financial situation now? How much longer can we last with our burn rate?"

That director, clearly in charge of the company’s finances, was well aware of the company’s financial situation. He coughed and said, "We are expanding aggressively and burning cash at a rapid rate. At most, we have another two months. If we don’t secure investment, we won’t be able to hold on."

"But... to ease the company’s pressure, it would be best if we could have the funds in account within a month."

Zhang Wanhai silently tapped his fingers on the table, then contemplated.

After a while, he looked to the investment strategy department director and said, "List the domestic investment institutions interested in us this round. See which have the strength to lead investment."

The investment director couldn’t help but look at him in surprise and said, "Mr. Zhang, aren’t we seeking overseas funds?"

Even after facing such a major incident, Zhang Wanhai remained calm and rational.

He said, "Overseas funds will be considered. But not necessarily this round."

He glanced around the conference room, then analyzed rationally, "There are different camps of overseas capital. We have discussed this in meetings many times. The most suitable for our development is Redwood Capital."

"Its vast business tentacles, including various groups and enterprises, are exactly what we need for our overseas strategy."

"So, if we choose another major overseas capital, it would be like giving up on them."

"This could have a huge impact on our overseas layout."

He paused, then continued, "So, I would rather wait a round. Wait until the next round and see the situation with Redwood. If they are still not available, then we can cooperate with other major overseas funds."

"So, this round, we can seek financing from domestic sources first."

"Only..." he looked to the investment director, "Don’t go for the big financial groups or those major internet companies. You know what I mean."

Everyone present nodded slightly.

Although Zhang Wanhai always appeared to not place much emphasis on the company’s development externally, internally, he never hid his ambition.

He wanted to develop Headline Technology into one of the top three internet financial groups in the country!

With this goal in mind, how could he possibly accept investments from well-known internet companies like Tencent and Ah Lee?

This was also another factor why he favored overseas funds.

Now, due to obstacles in obtaining overseas financing, he had to turn to domestic funding instead, but even so, he was adamant about not using those financial group resources.

He wanted to become a financial group, to become a major manufacturer. To establish his own internet sector, not to be subordinate to any other series...

Seeing that Zhang Wanhai had made a decision, the investment director quickly reported several investment institutions and presented their profiles one by one.

These investment institutions were all relatively well-known in China, with sufficient funds, but they only invested plainly.

Zhang Wanhai reviewed each profile one by one.

Until the very last one, he suddenly froze.

Because the name of the last venture capital firm was Chen’s Investment, and the owner of the company was Chen Yan.

Seeing this profile, Zhang Wanhai couldn’t help thinking of the pleasant conversation he had with Chen Yan the night before.

It was a young man who appeared to be steady and imposing, and moreover... extremely charitable.

In fact, many people didn’t know that when Zhang Wanhai was young, he had been helped by a deaf-mute old man, and it was this old man’s help that enabled Zhang Wanhai to get through his most difficult times.

Therefore, ever since then, Zhang Wanhai had always been involved in charitable activities privately.

However, he never publicized it.

Because he believed charity was for helping those in need, not as a tool for fame and profit.

And last night, he met someone who was like himself.

He brought a mute person into the company without any discrimination, and even got along well with her.

Furthermore, he was secretly engaging in charity.

This was the reason why Zhang Wanhai had such a good impression of Chen Yan last night. ƒrēenovelkiss.com

And now, seeing this document, he couldn’t help but think of that young man.

Perhaps... it would be interesting to collaborate with him?

With that in mind, he looked up and asked, "What’s the situation with this Chen’s Investment? Can they also pull together seven or eight hundred million in cash to lead the investment in a short time?"

Hearing Zhang Wanhai’s question, the investment director quickly said, "Yes. They have the capacity."

While saying this, he began to introduce details about Chen’s Investment, "Chen’s Investment is a newly established..."

...

That evening, Chen Yan received a call from Zhang Wanhai.

On the phone, Zhang Wanhai and Chen Yan discussed the financing matter.

Chen Yan was not quite clear about what Strong Buy Card had done to make Zhang Wanhai decide to accept his investment, but he seized the opportunity and had a detailed conversation with Zhang Wanhai.

With the backing of the Strong Buy Card, Chen Yan outright proposed his conditions: 1 billion in cash for a 10% equity stake. In this round of financing, he didn’t care about the others; he wanted these shares for himself.

Zhang Wanhai was silent for a moment and did not give an immediate reply, only saying to let his people talk it over.

The next day, upon receiving the invitation from Headline Company, He Mengxue immediately took her newly formed negotiation team and legal team and flew to Tiandu to discuss this billion-level financing project.

The wealthy elites of Qindong Peninsula, having just received the news from Tiandu, were all somewhat stunned.

Their first reaction was: Was it that Qindong was too slow, or was Tiandu changing too rapidly?

A billion-level financing project could change just like that?

Their second reaction was: Did Chen Yan really not boast?

He really just took a trip to Tiandu and managed to negotiate this cooperation?

The situation, going back and forth, had everyone in Tiandu starting to pay attention to the outcome of this matter.

The next afternoon, as soon as He Mengxue arrived in Tiandu, she was escorted by Song Chuang to Headline Company to start negotiations.

However, the negotiation did not go smoothly, and there was a sizeable discrepancy over shares, leading to a deadlock.

The next morning, the negotiation was still not progressing well, but at a critical moment, Zhang Wanhai stepped in and indicated that his company should budge.

By the afternoon of the third day, the two parties had agreed on share-related issues. Chen’s Investment valued Headline Technology at 10 billion and invested 1 billion yuan to obtain a 10% equity stake.

Other follow-on investors also invested based on a valuation of 10 billion yuan, contributing 231 million yuan.

On the fourth day, Chen Yan himself flew to Tiandu to sign the financing agreement with Zhang Wanhai on behalf of both parties, formally finalizing the deal.

In the major news, Chen Yan and Zhang Wanhai stood side by side in the center, with He Mengxue standing close to Chen Yan, and others lined up on both sides. The negotiations went so smoothly that both sides were beaming.

At this moment, the wealthy circle on Qindong Peninsula fell silent.

Those who had claimed to have inside information from Tiandu and believed that Chen Yan was just posturing were now at a loss for face.

Many others were shocked by Chen Yan’s ability and strategies.

No matter how they analyzed or speculated.

They felt that they would not be able to negotiate such financing after Headline Technology had set a large direction for financing and even reached a verbal agreement with overseas funds.

Some second-generation elites were so perplexed that they became somewhat reclusive. Helpless, they turned to their parents who were members of Peninsula Club to see if they could manage such a feat.

And the dozen top-tier tycoons at the Peninsula Club, when faced with their children’s inquiries, fell silent as well.

Because they realized that they, too, couldn’t manage such a feat.

Even the wealthiest man on Qindong Peninsula, He Mengxue’s father, He Ruifeng, after pondering at home for half a day, felt that he could not match Chen Yan’s move.

And as negotiations concluded, fragmented news gradually trickled back to Qin Island.

Those who had claimed to have inside information from Tiandu and believed that Chen Yan was just posturing were now at a loss for face.

Many others were shocked by Chen Yan’s ability and strategies.

No matter how they analyzed or speculated.

They felt that they would not be able to negotiate such financing after Headline Technology had set a large direction for financing and even reached a verbal agreement with overseas funds.