Chapter 310 Investment Negotiations with Tianqi Lithium!

Su Yu took the plan book, opened it and looked at it carefully.

I saw in the plan that Tianqi Lithium proposed to borrow 1.5 billion from Yuhang Investment and at the same time help Yuhang Investment acquire the remaining Talisen shares. At the same time... in the plan, Tianqi The lithium industry also proposed two relatively sensitive constraints.

The first condition.

The 1.5 billion loan will be subject to quarterly interest payments based on the long-term bank interest rate standards, and it is proposed that if 'Yuhang Investment' wants to carry out a debt-for-equity swap on this 1.5 billion loan, then the debt-for-equity swap plan will be submitted to the China Securities Regulatory Commission for review. From that date, interest will no longer be accrued on the loan.

The second condition.

In the entire attack on Knockwood's acquisition of Talison, Tianqi Lithium helped Yuhang Investment acquire the shares of Talison. If Yuhang Investment wanted to liquidate and exit the shares in the future, Tianqi Lithium would have the same price. conditions, and throughout the entire acquisition of Talison shares, Yuhang Investment must sign a concerted actor agreement with Tianqi Lithium to ensure that Talison’s controlling interest is on the side of Tianqi Lithium.

Su Yu didn't say anything for a while after reading this rough plan agreement drafted by Tianqi Lithium Industry.

Instead, he handed the plan to He Qian and Liang Bin beside him. After they read it...

Su Yucai continued to ask: "What do you two think?"

"There are no big problems with the plan as a whole," He Qian said. "Only the debt-for-equity swap, if we ask for it, what valuation will be used is not made clear."

"besides……"

"If you Tianqi Lithium successfully attacks Knockwood and acquires Talison."

“The value of internal assets has skyrocketed, and due to the pressure on borrowing interest and internal cash flow, before we proposed the debt-for-equity swap, we launched an additional share issuance plan, resulting in a significant increase in the equity and market value of Tianqi Lithium, which is very important for us who want to swap debt-for-equity. The intention is also extremely unfavorable, and the plan is not binding in this regard. "

"Repeated issuance of additional shares and expansion of share capital will harm the interests of the original shareholders of the group." Liu Wei glanced at He Qian, admired her keen eyes and views, and responded, "So, we don't It will be easy to issue additional shares to raise funds, and when we hand over the initiative of debt-to-equity swap to you, it is equivalent to issuing 1.5 billion additional market shares to you in the secondary market. "

"As for the debt-for-equity swap mentioned by Mr. He, what valuation and stock price will ultimately be used."

“This is really not stated clearly in the plan.”

"But according to convention, the stock price of debt-for-equity swaps should also follow the pricing of private placement shares, that is, the average price of the secondary market for 20 trading days."

"According to President Su's previous proposal..."

"The initiative of debt-to-equity swap of 1.5 billion funds, regardless of the timing, or the choice of whether to transfer it or not, has been handed over to you."

"I think we are sincere enough!"

"As for the second restriction you proposed..." In Liu Wei's response, Liang Bin paused and asked, "Since it is a joint sniper attack, we have no objection to it in terms of concerted actors, but in terms of priority, I'm afraid it's worth debating that this is not an equal condition, and we at 'Yuhang Investment' are not obliged to abide by this condition. After all, it is you who need us, not us who need you, to ensure that 'Apocalypse Lithium Industry' 'The right to control is not our obligation as "Yuhang Investment."

"Mr. Liang, the priority issue will only take effect when you withdraw from the equity investment in 'Talison'." Liu Wei emphasized, "Moreover, under the condition of equal bids, our 'Tianqi Lithium' Group I think this is a matter of mutual benefit and equality for both of us, and I don’t mean to disrespect you.”

"besides……"

"Mr. Liang said that in this round of investment cooperation, it is our 'Tianqi Lithium Industry' that needs your 'Yuhang Investment'."

"Actually, I don't think so."

"Investment is a two-way thing, and win-win is the ultimate goal."

"If Mr. Su feels that investing in our 'Tianqi Lithium Industry' and jointly attacking the 'Talison' project has no profit prospects and no investment value, I think... no matter how we persuade or what preferential conditions we offer, Su Never invest even a penny.”

"I didn't say that you, 'Tianqi Lithium Industry', meant to disrespect our 'Yuhang Investment'." Liang Bin emphasized, "I just want to clarify that since it is investment and cooperation, both parties should be equal in terms of obligations. We No corresponding restrictions were put forward, and similarly, you should not put forward so-called restrictions. "

"The conditions we put forward are all based on President Su's suggestions." Liu Wei responded, "The proposal of debt-for-equity swap and the proposal of jointly attacking Knockwood are all advocated by President Su, and for our 'Apocalypse As for the Lithium Industry, we are actually cooperating with you in revising the plan.”

"No matter from which aspect, I think this plan is sincere enough."

"We are in urgent need of funds, but we will not sacrifice the business initiative that the group should have for the urgent financing. If we, Tianqi Lithium, cannot control Talison in the end, then... for us, this is A joint takeover of Knockwood just doesn’t make sense.”

"I hope Mr. Su, Mr. He and Mr. Liang will understand this."

"Of course, if Mr. Liang feels that there is still a dispute over the priority, you can also put forward your suggestions."

"I believe that since both of us have chosen to sit here today, we all have enough sincerity and cooperation intentions in our hearts."

After hearing Liu Wei's words, Liang Bin pondered for a while and said: "This priority can be retained, but there is a prerequisite, that is, if you want to exercise this right, the price of repurchasing 'Talison' shares from us must not be lower than the price we helped you acquire 'Talison' shares this time."

Liang Bin's words are equivalent to transferring the company's possible loss risk during the period of holding 'Talison' shares.

Reduced the uncertainty of this investment in the future.

Under his premise, if 'Yuhang Investment' finds that the project is losing money in the future and wants to choose to withdraw from this project, Tianqi Lithium will lose its absolute control over 'Talison' if it does not repurchase shares according to this agreement. If this agreement is exercised, it will be considered as helping 'Yuhang Investment' to bear the losses of this project.

In other words...

The condition proposed by Liang Bin is equivalent to giving the company a loss-protection bottom line for the investment in this project.

Seeing Liang Bin's "protection" investment requirement, Liu Wei frowned slightly and did not dare to agree easily, and turned her eyes to the chairman Jiang Weiping.

Jiang Weiping coughed lightly and said, "Since Mr. Liang has made this request, let me tell you my idea. If you, 'Yuhang Investment', can agree to maintain the same actor agreement with us, 'Tianqi Lithium' during the period of holding 'Talison' shares, or fully authorize us, 'Tianqi Lithium' to hold the voting rights of the shares, then... we can buy back at a price not lower than your purchase price when you want to exit, as Mr. Liang said."

"But..."

Jiang Weiping paused and said, "You must hold 'Talison' shares for no less than three years, so that we can give you the promise of protecting your capital as Mr. Liang said."

Jiang Weiping expects that after the group acquires 'Talison'.

Under the pressure of high debt and heavy interest, it will take at least two or three years to recover.

Therefore, he proposed the requirement that Yuhang Investment must hold shares for no less than three years before exercising power.

"What do you think, Mr. Su?" Seeing that Liang Bin did not speak, Jiang Weiping turned his eyes to Su Yu, "If Mr. Su has no objection, then we will adjust the plan according to the additional conditions I just mentioned."

Su Yu knew that the shares of Talison would only become more and more valuable in the subsequent era of the explosion of new energy vehicles, and there was no possibility of loss at all. Therefore, he naturally had no objection to the condition proposed by Jiang Weiping, and could not help but reply: "Just do as Mr. Jiang said!"

"Okay!" Jiang Weiping was very appreciative of Su Yu's straightforwardness and responded.

Then, he handed the right to speak to Vice President Liu Wei again.

Seeing that the two sides had reached a consensus on this issue, Liu Wei talked about the other differences that the two sides believed, including... After the "debt-to-equity swap", when "Yuhang Investment" became the major shareholder of Tianqi Lithium, the proportion of voting rights and the board seats.

After the final agreement between the two parties...

After the successful debt-to-equity swap for Tianqi Lithium, Yuhang Investment will enjoy a board seat.

As for the proportion of voting rights, under the basic system of equal rights for equal shares in China, it is natural that the number of shares you have is the same as the number of voting rights you have. However, for this voting right, during the period when Jiang Weiping continues to serve as the chairman of "Tianqi Lithium", the two sides will still have an agreement as a consistent actor.

That is, no matter how many shares Yuhang Investment finally occupies in its investment behavior against Tianqi Lithium.

It must not shake Jiang Weiping's actual control over Tianqi Lithium.

Of course, Su Yu's original idea was not to control Tianqi Lithium and be a "barbarian", so... there was no reason or motivation to oppose these ideas proposed by Jiang Weiping.

Finally, near noon.

The two sides agreed on all the differences in the plan, and signed a preliminary investment and cooperation agreement with the help of the company secretaries, lawyers and other auxiliary personnel of both parties. In general, in the discussion results of both parties, except for the changes in details, there were no major changes in the basic framework of the 1.5 billion direct loan amount, the agreement that Yuhang Investment can choose "debt-to-equity swap" at any time, and Yuhang Investment's investment and Tianqi Lithium's help in acquiring the remaining shares of "Talisin".

After signing the preliminary agreement contract...

Su Yu and the core members of the venture capital department, together with the core members of Tianqi Lithium Group who took the initiative to come to the door, had lunch together, and returned to the company around 3 pm.

"Mr. Su, this Miss Dai Lingna has been waiting for you for a long time."

Su Yu had just returned to the company and had not had time to take a breath when the recruitment director of the Human Resources Department hurriedly reported and handed him a resume: "Ms. Dai Lingna said that you, Mr. Su, recommended her to the company for an interview. I have read her resume, and Director Qin has also read it. We both think she is quite suitable for the position of 'special assistant'."

Su Yu took the resume and took a look.

This time, the resume prepared by Dai Lingna was much more normal. She was the assistant general manager of the foreign investment institution HTB, proficient in twelve languages, and proficient in various office software. Of course, she also had a diploma from a famous foreign university, various honorary certificates, etc.

"Age 22?" Su Yu was surprised.

The recruitment manager coughed lightly and said, "She looks a little too young, but I checked the contact information she gave me, and the resume is not false."

"Okay!" Su Yu took the resume, "Let her in."

The recruitment manager responded, and then called Dai Lingna, who was waiting in the rest area, into Su Yu's office.

Su Yu glanced at Dai Lingna, who was wearing glasses, a professional suit, and deliberately pretending to be mature, and said, "Your identity has changed very quickly!"

"It's just an identity." Dai Lingna said.

Su Yu nodded slightly: "Indeed, this is nothing to you. The work content of the 'special assistant' you applied for is quite a lot. Xiaoling is currently in charge. Since you have applied for this job, you should follow her for half a month to learn and get familiar with the work content. If you want to stay with me, start with these jobs. Oh... By the way, what are your requirements for salary and benefits?"

Dailina thought for a while and said, "Give it to me as you see fit!"

"Then it's up to the recruitment conditions." Su Yu said, "The salary of a special assistant is not low, plus the monthly reimbursement amount, monthly, quarterly, and annual bonuses, it will be enough for you to live in Yuhang."

"Yeah!" Dai Lingna nodded, and didn't care much about the salary.

After all, she is not a person who lacks money in essence. She just needs a job to cover up her identity and stay by Su Yu's side, and use Su Yu's hand to plan some future things.

"Since you have no objection, let's start work today!" Su Yu said, "Go and report to Secretary Li, she will tell you what to do."

"Okay!" Dai Lingna responded.

She opened the door of Su Yu's office and was about to walk out, but suddenly ran into Lin Antu, the director of the company's market intelligence department, who was about to knock on the door to enter.

Lin Antu looked at the blonde girl who suddenly came out of Su Yu's office in front of him, and was stunned for a moment before he came to his senses. He nodded slightly, walked sideways into Su Yu's office, and then closed the door of the office casually, reporting to Su Yu: "Mr. Su, according to market news, the country has made new moves in the direction of military reform, as well as the direction of state-owned enterprises and state-owned asset reform. I heard that it is necessary to promote military-civilian integration, expand the mixed reform of state-owned enterprises and state-owned assets, and attract private capital to enter. I think there may be a relatively large investment theme here!"