Chapter 412 The Financing Is Completed, and the Wealth Is 68 Billion US Dollars?
Chapter 412 The financing is completed, and the wealth is 68 billion US dollars?
Tianqi Lithium Mining Company, which had a market value of only 1 billion yuan, was acquired by Xinghai New Energy Technology Company for 100% of its shares, and then suspended trading to increase capital and share.
Xinghai New Energy Technology Co., Ltd. spent 10 billion yuan to buy mines and optimize technology. It was valued at 30 billion yuan before re-listing and planned to raise 10 billion yuan.
In other words, the total capital will become 40 billion yuan, and the proportion of tradable shares = 100/400 = 25%.
After the acquisition, Xinghai New Energy Technology Co., Ltd. redistributed its shares, holding 95% of the shares of Tianqi Lithium Mining Company, and 5% of the shares of the original company shareholders.
Xinghai New Energy Technology Company intends to hand over the Tianqi Lithium Mine to the management of the original company, and the 5% of the shares will be purchased by the original company shareholders. In fact, Xinghai New Energy Technology Company purchased it at a premium, and they have already made some money.
They can’t sell it. Xinghai New Energy Technology Co., Ltd. has strong capital and can start a new company. However, the lithium carbonate produced by Tianqi Lithium Mine is not accepted by the company. The stock price will plummet.
If they are acquired and then re-listed, they believe they will make a lot of money.
After listing and financing, the shares of Tianqi Lithium Mining Company held by Xinghai New Energy Technology Co., Ltd. = 95%*80%=76%, and the original company shareholders accounted for 5%*80%=4%.
After the re-listing of Tianqi Lithium Mine, it has been daily limit.
Up to now, the current market value is about 78 billion yuan, nearly double that before listing.
Xinghai New Energy Technology Co., Ltd. controls 75% of Tianqi Lithium Mine's actual value of 58.5 billion yuan, but they only invested 10 billion yuan.
Therefore, the valuation of Xinghai New Energy Technology Co., Ltd. has increased by 48.5 billion yuan from Tianqi Lithium Mine alone.
The pre-financing valuation is a smoke bomb issued by Xinghai Investment Company. How much it is worth has to be re-valued by many institutions. You can’t shout randomly. This is all based on evidence. There must be errors, but there will not be too much difference. big.
The targets of this round of financing are the car companies and investment institutions that raised money last time, and new partners will also be added.
In the past few months, car companies with better development of new energy vehicles will obtain more financing authority.
Of course, if you want to raise money, you have to spend real money. If you have no money, the original shares can only be diluted. For example, the original share is 1%. The B round plans to raise 60 billion yuan. If the pre-financing valuation reaches 440 billion yuan , after the shares are diluted, it becomes =1%*(1-600/(4400+600))=0.88%.
According to the agreement, Zeng Qun and other three partners do not need to pay any more, and their 1% shares will not be diluted, which is regarded as a reward for their hard work in the past few months.
Moreover, Mu Yang agreed with Zeng Qun and others that as long as the company's market value reaches 200 billion yuan and its annual profit exceeds 5 billion yuan, Mu Yang will reward Zeng Qun, Huang Lin, Li Ping and others with a total of 0.5% of the shares. 0.15% shares reward other core members;
The company's market value reached 500 billion yuan, and at the same time, the annual profit reached 10 billion yuan, and then rewarded three people with a total of 0.5% of the shares, and then took out 0.15% of the shares to reward other core members.
The issue of dilution of financing holdings includes the calculation that Xinghai Group’s 15% technology holdings remain unchanged before the company’s listing. Pay more and the shares will not be diluted.
On May 25, all shareholders of Xinghai New Energy Technology Co., Ltd. gathered at the headquarters of Xinghai Group to discuss the valuation of Xinghai New Energy Technology Co., Ltd., which companies can increase their shares, and which companies give up continuing financing.
All shareholders have no objection to this point. Your car company develops faster in new energy vehicles and purchases more lithium batteries. It is definitely beneficial to everyone. Then allow more financing. Although everyone is a competitor, but In Xinghai New Energy Technology Co., Ltd., the thinking is the same.
In the end, after valuation by several authoritative institutions, the pre-financing valuation of Xinghai New Energy Technology Co., Ltd. was 420 billion yuan, which is equivalent to double the investment of all investors.
It plans to raise 80 billion yuan, accounting for 16% of the shares. The original shares can be subscribed for 60 billion yuan. Competent car companies and institutions can subscribe. The rest of the subscription and another 20 billion yuan will be reserved for new partnerships and new car companies.
Xinghai Group's move is equivalent to hollowing out the funds of other car companies. Even if a share is only 0.5%, it is 2.5 billion yuan, and it cannot be taken out casually.
Of course, if the car companies have sufficient funds, subscriptions can make money.
Muyang intends to fully control the upstream and downstream of lithium batteries and the pricing power of the lithium battery market. After the situation stabilizes, the price of lithium batteries will be gradually reduced. If the price is not reduced, the cost of new energy vehicles will be very high, which is not conducive to the promotion of new energy vehicles.
But too much price reduction is not good for Xinghai New Energy Technology Co., Ltd., making less money.
The factors affecting the price of new energy batteries are not only lithium mines, the lithium carbonate needed for lithium mine production only accounts for part of the cost, but also the influence of cobalt, nickel and other mineral resources.
In addition to discussing financing, all car company executives discussed the unified charging port and the implementation of unified charging piles.
In the later generations, several car companies make their own special charging piles, and put car locks on the parking spaces. The advantage is that owners who buy this brand don’t have to worry about other brand car owners occupying the charging piles. It looks good, but in fact, it’s a waste. resource.
If dozens of car companies do this, it will waste a lot of resources, which is not conducive to the promotion of new energy vehicles.
The dedicated charging piles will be farther away from you. It is better to have more public charging piles. You don’t have to run so far. As long as you arrange them reasonably, there will be much less queuing.
These special charging piles cannot be realized in remote areas, small counties or towns. When these public charging piles are spread all over the country, users do not have to worry about charging new energy vehicles.
There are more than 600 cities, 2,844 counties, and 41,636 townships in the country. The public charging piles that will be needed in the next ten years will be 20 million, and the funds that need to be invested will be hundreds of billions. It's impossible to deal with billions of dollars, and Xinghai New Energy Technology Company alone is not enough.
Therefore, Muyang realized this, and Xinghai New Energy Technology Co., Ltd. took the lead in investing in some public charging piles, setting charging prices, and letting the outside world see the earning potential of this industry.
Xinghai Group discloses the technology and drawings of charging piles for free. No matter which manufacturer can apply for manufacturing, it requires uniform charging ports, cable lengths, battery core diameters, etc., which meet the standards. It is hoped that private individuals will join in the investment and construction of charging piles to speed up the development of new energy vehicles. develop.
On how to arrange the charging piles, Xinghai Group has discussed and planned with GUO.com to avoid excessive concentration of charging piles and unreasonable competition among private charging piles.
At the beginning of June, Xinghai New Energy Technology Co., Ltd. completed financing, with a total financing of 80 billion yuan.
Mu Yang's wealth rose to 460 billion yuan, equivalent to 68 billion U.S. dollars.
In the past five months, the wealth of the Helu family has risen from US$66 billion to US$70 billion, but he is not the richest man in the world now.
During the period, the stock of a certain software company soared, and Bill returned to the throne of the richest man in the world after a four-year absence, with his personal wealth reaching US$72 billion.
Therefore, Mu Yang can only be the third in the world.
But unlike the first two, he is not affected by stocks, and if he really wants to go public, he will completely beat all the rich people on the list.
In terms of cash strength, Mu Yang is also the strongest.
Domestic netizens saw this news and felt a bit regretful that Mu Yang was only the third in the world.
In fact, this is also the result Mu Yang wanted, and he wished that he would not be on the list.
But just one day later, an organization counted Mu Yang's wealth, and issued a report saying that Mu Yang's wealth must be more than 68 billion US dollars, and that was only on the surface, not including Xinghai Investment Company.
The outside world does not know the specific situation of Xinghai Investment Company. If counted, Mu Yang's wealth may reach 75 billion US dollars, and he is the real richest man in the world.
Whether it's $68 billion or $75 billion, this controversy is meaningless. Mu Yang's fans think that it will be a matter of time before he becomes the richest man in the world. Maybe half a year later, he will be on the list directly.
For Mu Yang, this ranking of the world's richest people has no practical significance, but instead adds a shackle.
He is not very interested in money now, and he is not very interested in the so-called richest man in the world. He just wants to make a fortune in a low-key manner.
Xinghai New Energy Technology Co., Ltd. has raised 60 billion yuan. It is said that the most worrying thing is the rival island country Panasonic, L/G New Energy, SK On and Four Star SDI and other international battery manufacturers.
In 2020, L/G New Energy and Ningde Company will occupy 48% of the global automotive lithium battery market share, and the remaining market share will be Panasonic in the island country, four-star SDI in the Bangzi country, Yadi in Huaguo, SK Innovation and other companies carve up.
Compared with L/G New Energy, Ningde Times occupies a higher market share, but its customers are mainly from the Huaguo market. Therefore, in overseas markets, Ningde Times’ market share is not as high as that of L/G New Energy .
Ningde Times, which occupies 25% of the global market share, has a listed valuation of one trillion yuan, and the market value of L/G New Energy is not much different from Ningde Times.
But in this life, Xinghai New Energy Technology Company has brought these companies down.
Occupying 92% of the global market share is terrifying.
In fact, the main reason is that the technology of Xinghai New Energy Technology Co., Ltd. is too advanced. In addition, new energy vehicles have just emerged, and these automotive lithium battery factories have not yet emerged.
After the financing of Xinghai New Energy Technology Co., Ltd., Bangziguo Battery Industry Association felt the crisis, and for the first time convened three battery manufacturers, L/G New Energy, SK On and Four Star SDI, to discuss.
The participants adopted a consistent attitude to deal with the Xinghai Group.
The chairman of the association said: "Except for the domestic overseas market, Xinghai New Energy Technology Company has taken over, and even the domestic new energy lithium battery market has to be divided up by the other party. The technology difference is too great. No wonder Hyundai Xianghai New Energy Technology Company Purchase a large portion of lithium batteries.
If they do not purchase, Hyundai's new energy vehicles will not be competitive in the international market at all. "
Kwon Young-soo, CEO of L/G New Energy, said: "The Xinghai Group is too domineering. We are still solving safety experiment issues and energy density issues. They have produced mass-produced products and applied them to real vehicles. The Hummer EV is a big seller.
We have to admit that the technical differences between the two parties are too great, which is beyond our expectation.
This market is very large, but at present, we do not have the ability to occupy the market and achieve profitability. Not only us, but also our peers have been plagued by security issues. We found inspiration in the lithium battery of Xinghai Group, but the other party has already monopolized this market. "
His eyes were full of despair. By the time they were able to play, they had already monopolized the market, purchased a large number of raw materials, and signed cooperation agreements with major car companies to invest in Xinghai New Energy Technology Company.
He now thinks back to ten years ago, the group discussed whether to enter the battery market.
In 2001, the meeting of the chief executive (CEO) of L/G Group on the battery business was extremely difficult.
Because this is a discussion to decide whether to stay in the battery business, there is a lot of internal controversy.
The problem facing L/G Chem is that if it keeps the battery business, it may have to face 10 years of continuous investment without seeing returns.
Opponents of the lithium-ion battery project think: "Should we sustain a large-scale deficit and forcibly promote the battery business?"
In their view, global electronics companies such as Soni and Siyang are already developing batteries in full swing. As a chemical company, is it necessary for L/G Chemicals to continue to promote this project?
Those in favor believe: "The lithium-ion battery market has a bright future and will become an important source of L/G Chemical's revenue in the future."
The two sides can't stop arguing.
In the end, Koo Ben-moo, the second-generation head of L/G, said: "I think it is right to continue the battery business. Start again with the belief that it will be successful. Don't give up, look farther, and focus more on research and development."
Since then, the battery business of L/G Chemical has been retained, and then L/G New Energy was established, and the lithium battery business for automobiles was established.
(L/G Chemical was established in 1947 and is a subsidiary of L/G Group, and L/G Group is a super behemoth. L/G New Energy is just a subsidiary of L/G Chemical)
(L/G Group was also established in 1947. Its subsidiaries include: L/G Electronics, L/G Display, GS Caltex, L/G Chemical, L/G Life and Health, etc., and its business fields cover chemical energy, electronics Electrical appliances, communications and services and other fields.
It can be said that the L/G Electronics and L/G Chemicals of later generations are both Fortune 500 companies, and the revenue of L/G Chemicals mainly depends on L/G New Energy, but in this life, L/G New Energy cannot rise. /G Chemistry is unlikely to be listed in the world's top 500)
Quan Yingshou's words made everyone feel even more desperate, and the atmosphere of the venue was a little depressing.
It is estimated that this year, the installed capacity of Hummer alone will reach 28GWh, mainly because the sales volume of Hummer EV is too high. Among enterprise brands, only Tesla, BMW i3, Zheli and other new energy vehicles are on the market, with a total of 50,000 new energy vehicles and an installed capacity of only 3GWh.
This is also the reason why Xinghai Group can occupy 92% of the market share.
Even the Hyundai Motor Company of the country has also invested in Xinghai New Energy Technology Company.
All major car companies around the world have invested in Xinghai New Energy Technology Company, and Hyundai Motor's participation in the company will not affect Xinghai New Energy Technology Company's decision.
European/American car companies want to buy new energy batteries. In addition to importing from Huaguo, there are several battery manufacturers in Bangziguo, or the four-star SDI. Anyway, they are all imported. They must choose Xinghai, which has better technology and has a shareholding cooperation. New energy technology company.
Xinghai New Energy Technology Co., Ltd. already has a perfect industrial chain. Car companies with a large demand for automotive lithium batteries have a close relationship with Xinghai Group, and other lithium battery manufacturers simply cannot squeeze in.
Three battery manufacturers, L/G New Energy, SK On and Four Star SDI, expressed their opinions and discussed how to cooperate and how to solve the current predicament.
Even if the three manufacturers merge into one share, it is useless to the outside world. Who can they sell their car lithium batteries to?
At present, Xinghai Group uses the largest amount of car lithium batteries. Could it be sold to it?
Secondly, the largest amount of automotive lithium batteries is Tesla, and Xinghai Group also owns 18% of Tesla's shares.
Samdi Auto uses self-produced lithium iron phosphate batteries.
After all the calculations, the only domestic Hyundai Motor Company and Kia Motor Company that can cooperate with these three lithium battery manufacturers in Bangzi Country.
The question is, these two companies have just entered into new energy vehicles. Even if new energy vehicles are launched, where will they be sold?
In the end, the three manufacturers did not have a good solution, and the venue was full of sighs or silence.
At the meeting, there is a loneliness, at most I can comfort myself: Anyway, our company is not the only one suffering.