Starting out as a drug dealer in 1988

Wells began to explain their new plan, including the conditions such as the loan amount and preferential interest rates that could be provided to Hengyuan Electronics.

In addition, we are also willing to provide necessary assistance for Hengyuan Electronics to be listed on Hong Kong Island.

Zhao Wenhao listened carefully and raised some questions, which Wells answered one by one.

The atmosphere of the entire meeting was warm and friendly, and both sides seemed to show great sincerity.

Finally, Wells said sincerely, "Mr. Zhao, I sincerely hope that we can reach a cooperation agreement this time. I believe that through joint efforts, we will be able to achieve a win-win situation."

Zhao Wenhao responded with a smile: "I hope so, Mr. Wells."

After some trial and error between the two parties, Zhao Wenhao proposed a vision of a valuation of 168 billion yuan.

After bargaining, Wells finally agreed to acquire 160% of Hengyuan Electronics' shares at a valuation of 20 billion yuan.

Unfortunately, Zhao Wenhao didn't agree immediately, but needed to consider it. It wasn't the price, but he couldn't give 20% of the shares to a single company.

However, the two parties have reached a preliminary agreement that Hengyuan Electronics can sell at least 5% of its shares to Citibank.

At the same time, Citibank provided certain assistance to Hengyuan Electronics in its subsequent listing on Hong Kong Island.

..................... ..

"Mr. Zhao, I heard that you have reached a preliminary agreement with Citibank. I wonder if this is true or not?"

Song Weixuan's tone on the other end of the phone was a little anxious, and even his voice became a little abnormal.

It was as if something was blocking his throat, and his voice was a little hoarse.

Zhao Wenhao raised the corners of his mouth slightly, revealing a smile.

He held the phone in one hand and tapped the table lightly with the other, his eyes revealing confidence and calmness.

"It's true. Mr. Wells is indeed sincere. They are willing to calculate the valuation at 160 billion yuan and want to acquire a 20% stake."

Upon hearing the news, Song Weixuan's voice suddenly became high-pitched, full of surprise and confusion.

There was a sense of disbelief in his tone, as if he had heard something impossible.

"You agree?" Song Weixuan's voice was almost shouted, which made Zhao Wenhao frown and hold the phone farther away.

Zhao Wenhao smiled slightly, shook his head, and explained, "I didn't agree right away, I just told you about it first. And I also promised to give at least 5% of the shares to Citibank. After all, we still need more funds to support the company's development."

"Have you agreed to 5% shares?" Song Weixuan's voice rose again, with a hint of dissatisfaction and anxiety.

Zhao Wenhao felt the other party's concern, but he did not answer immediately. Instead, he was silent for a moment, thinking about how to explain his decision to Song Weixuan.

Meifeng Group's business in Hong Kong Island is mainly concentrated in the financial field. It has many subsidiaries and branches, covering banking, securities, insurance and other fields.

These subsidiaries and branches work together to promote the business development of Meifeng Group.

However, as one of the world's most renowned financial institutions, Citibank also conducts extensive business activities in Hong Kong Island.

Therefore, there is a fierce competition between Meifeng Group and Citibank.

Now that Citibank has intervened in this financing case, it undoubtedly poses a huge challenge to Meifeng Group.

In particular, Citibank actually planned to acquire the 20% shares that Zhao Wenhao was about to sell, which meant that Meifeng Group and Goldman Sachs had almost no chance of participating.

What's worse is that Citibank is trading at a valuation of 160 billion yuan, but Meifeng Group and Goldman Sachs believe that this valuation is too high and unacceptable.

If this situation continues, they will most likely end up empty-handed.

Faced with this dilemma, Meifeng Group seems to have no choice.

"Mr Wells showed great sincerity and agreed almost without hesitation when he heard the $160 billion valuation.

In addition, Mr. Wells also provided a certain amount of low-interest loans to Meifeng Group on behalf of Citibank, and the amount and interest rate offered were better than the conditions previously proposed by Mr. Song.

Under such circumstances, Meifeng Group found it difficult to refuse and had no choice but to agree to Mr. Wells' request.

However, I still fully considered our relationship and did not make a final promise. I only promised that the bottom line was to give Citibank 5% of the shares.

Zhao Wenhao did not hide anything and told Song Weixuan directly.

After all, doing so is actually a disguised form of pressure.

You know, Meifeng Group and Goldman Sachs Group relied on their previous cooperative relationship to deliberately squeeze Zhao Wenhao's profit margin.

Originally, he did promise to give priority to Meifeng Group and Goldman Sachs under the same conditions.

However, now they are unwilling to accept even a valuation of 150 billion yuan. In contrast, others are willing to use a valuation of 160 billion yuan.

Therefore, Zhao Wenhao only sold 5% of the shares to Citibank, which was already very kind to Song Weixuan.

"Mr. Zhao, our cooperation has always been very pleasant. I sincerely hope that you can give me some more time and not promise to give the remaining shares to others for the time being.

I will immediately convince the board of directors and notify Goldman Sachs, urging them to move forward with this matter as soon as possible. What do you think?

However, if you please be frank, a valuation of 160 billion yuan is really beyond our affordability.

If possible, let's stick with the original agreement and use a valuation of 150 billion yuan. What do you think?"

Seeing Zhao Wenhao's silence, Song Weixuan became anxious and immediately started to play the emotional card again: "Wenhao, we have been good friends for many years. You won't refuse to help with such a small favor, right?"

At this moment, he had completely forgotten about his cousin's request. He was in a difficult situation and had no time to care about it.

Zhao Wenhao pondered for dozens of seconds. Just when Song Weixuan thought the deal was going to fail, Zhao Wenhao's voice finally came from the other end of the line: "Okay, I promise you. We're friends after all. However, I hope you can give me an answer as soon as possible, because I still have to negotiate with Sequoia Capital in the next two days."

Hearing this, Song Weixuan was shocked again.

He knew very well that the business world was like a battlefield, where the longer the night, the more trouble there would be. He was really worried that the benefits that were about to come would be snatched away by others.

So he hurriedly said, "Three days, at most, and I will give you an answer. How about it?"

Zhao Wenhao nodded and agreed to Song Weixuan's request: "Okay, then three days. If you can't give me a clear answer after three days, then I will regard both of you as having given up the opportunity for the second round of financing."

Song Weixuan was under a lot of pressure. He was really worried that the old stubborn people on the company's board of directors would reject his proposal again.

But when the time comes, he will definitely give it a try.

Now, the most important thing is to convince his father to support him. As long as he supports him, the others will be easy to follow.