Starting out as a drug dealer in 1988

It was not until Zhao Wenhao had walked to the door of the office and was about to turn around that Cole finally came to his senses.

He stood up hurriedly and shouted at Zhao Wenhao, "Mr. Zhao, please stay. I have something to say."

Zhao Wenhao paused and turned around, but didn't walk back. "Mr. Cole, if Citibank still looks down on Hengyuan Electronics, I don't think there's any need for us to talk anymore."

Cole smiled awkwardly and quickly stepped forward to pull Zhao Wenhao back.

He had never expected Zhao Wenhao to be so quick-tempered, leaving immediately after a disagreement. This made him feel that this person was completely different from the Chinese people he had met before.

"Mr. Zhao, if you have anything to say, we can talk slowly. There's no need to be so anxious."

Cole pulled Zhao Wenhao's arm, smirking and trying to ease the atmosphere.

Unfortunately, Zhao Wenhao didn't buy his tricks. He still had a sour face, as if he was ready to walk away again if he didn't agree.

"Mr. Cole, I can tell you very clearly that our company's development prospects are unquestionable. At least in the field of home appliances, we are popular among consumers not only domestically but also abroad."

Zhao Wenhao finally sat on the sofa again.

"But as far as I know, Hengyuan Electronics currently doesn't have a complete range of home appliances."

Of course, buying goods is devaluing them, otherwise they will be sold at a high price. Therefore, although Cole was suppressed by Zhao Wenhao's momentum, he still began to find fault.

"Hengyuan Electronics has only been established for four years. We already offer products such as water heaters, rice cookers, microwave ovens, and washing machines. In addition, I want to tell you that we will be launching refrigerators, freezers, air conditioners, and other products in May of this year.

It can be said that except for the television, which has not yet been completed, other home appliances will be launched one after another.

Mr. Cole has done some very thorough research and confirmed that our revenue in 93 was indeed approximately 32 billion. However, what you may not know is that due to production capacity constraints, we still have approximately 8 million in shipments that need to be delivered before April of this year.

These orders all come from Europe and North America. If Mr. Cole investigates further, I believe he will come to a new conclusion.

And we are expanding our production capacity again today, otherwise why do you think we took out another loan in November?"

Zhao Wenhao spoke most of the words in one breath, and then looked at the other person with contempt.

Only when Cole felt a little embarrassed did he lower his head, pick up the teacup on the coffee table, and take two sips.

"Haha, Mr. Zhao is indeed a quick-witted man." Cole touched his nose and still pretended to be calm.

At present, Citibank is only making a preliminary statistics on Hengyuan Electronics.

They were able to find a lot of data through their connections, but they naturally didn't know much about some of the internal situations of Hengyuan Electronics.

For example, in May of this year, refrigerators, air conditioners and other products will be launched on the market.

These are large household appliances. Once they are sold, the revenue they generate will naturally be much higher than that of products such as rice cookers and microwave ovens.

Zhao Wenhao introduced these situations naturally to illustrate that in the coming 94 years, Hengyuan Electronics' products will usher in a new climax, and its revenue will surely break last year's record again.

Calculated in this way, regardless of whether the market value previously reported by Cole is accurate, just looking at the prospects in 94, its value is not just the estimated value of 8 million yuan.

"Mr. Cole, even if we don't talk about the development prospects of Hengyuan Electronics in the next few years, even if we only talk about the past three years, our company has grown exponentially almost every year.

If we calculate based on the P/E ratio of listed companies, it's generally at least 5 times. Even if we calculate our 93 net profit based on the 6 million you found, our company's valuation would still be 30 billion.

I just don’t understand what those experts from Citibank are doing. They can actually report a market value of 20 billion.

The funniest thing is that since you want to acquire our shares, there is no premium at all, and you directly want to acquire 8% of the shares for 40 million.

Mr. Cole, I find that you have no sincerity at all!

In that case, do you think we still need to talk?"

Zhao Wenhao was no longer polite and directly exposed Cole's hypocrisy.

In fact, before Cole came, Zhao Wenhao had already called Kuang Youzhi who was far away in Hong Kong Island.

I specifically consulted him for relevant information in this regard.

If we take into account the development prospects of Hengyuan Electronics in the next three years, the company's valuation will be at least 40 billion.

Based on this, acquiring Hengyuan Electronics' shares would inevitably incur a premium. Calculating this way, if Zhao Wenhao wanted to acquire 40% of Hengyuan Electronics' shares, the required capital would be less than 20 billion, which he would definitely not agree to.

Of course, all of this is just Kerr's wishful thinking at the moment.

Zhao Wenhao never agreed to sell 40% of the company's shares to a single company.

If he really does this, he will inevitably lose control of the company after it goes public.

Moreover, the agreement to hold talks with Citibank and Goldman Sachs in the afternoon was also to test the waters first.

Zhao Wenhao didn't think about starting to sell the company's shares now.

Even if it is really sold, it will be a year before it goes public.

Only in this way can the benefits be maximized.

"Mr. Zhao, what do you think your company's market value should be?"

Cole had no choice but to ask Zhao Wenhao what he thought.

Little did he know that by saying this, he had already fallen into a passive position.

"Based on my estimation of the company's prospects, the current market value should be 65 billion." Zhao Wenhao also made a huge statement.

Since he has no intention of selling his shares for the time being, there is no need for him to tell the truth to Cole.

Anyway, both parties should talk first.

Although he is currently unable to estimate how big the sales volume of refrigerators, air conditioners and other products will be after they are launched in May, he is still confident that the revenue will increase by more than 25%.

At least, for now, the "Hengyuan" brand is still worthy of the trust of most consumers.

"Hahaha..." Cole couldn't help laughing. "Mr. Zhao, do you really think of yourself as an internationally renowned brand like Siemens or Panasonic?"

"Why not?" Zhao Wenhao said sarcastically, "We may still lack some visibility, after all, they all have a history of decades or even hundreds of years.

But don’t forget that Hengyuan Electronics has only been established for four years, and it has achieved today’s results thanks to real technical support and excellent quality.

I believe that within three to five years, I can rival them, or even surpass them. At least in the home appliance business, I have this confidence.”

Cole was silent for a few seconds, then finally stood up.

"Mr. Zhao, there's a huge gap between our understandings of each other right now. I think we both need to calm down. I won't bother you today. I'll visit you another day."