Future chat group

When it comes to private equity, the general public's first impression is of private equity funds, and they may even confuse private equity funds with public equity funds. However, Lei Hao was not thinking of private equity at this time, but private equity investment.

To explain in vernacular, private equity investment is a way for someone to start a company and then privately seek investment and find investors or investment institutions to raise funds. Why do it privately? Because of legal restrictions, it is not allowed to be widely advertised.

Lei Hao is interested in a company called "Danghe Pharmaceutical", but he still needs to check a lot of information. For example, has the other party found a securities underwriter? Have you made a business plan? How was the assessment? Even the other party's organizational operations must be investigated clearly.

"I'm not in the hospital anymore." After finally finishing the infusion, Lei Hao used his mobile phone to check Wan on the Internet, and got a preliminary understanding of the information about Danghe Pharmaceutical. After feeling his physical condition, he quickly said to Qiu Yuting: "Help me Go through the formalities, I have to go to the sales department, I need to check some information."

"NO, you have to be careful about infection these days." Qiu Yuting shook her head and said in surprise: "Besides, it's the weekend, and all the project team's funds are invested in Nanyang Mining. What else can you do?"

"It's a small injury, it's okay." After Lei Hao finished speaking, he found that his shirt had been discarded a long time ago, so he had to pick up the hospital gown and put it on, and used his mobile phone to call several members of the project team to ask them to arrive. Sales Department.

"We'll keep it in the ward. You have to come over for infusion in the next few days anyway. I'll drive you there and buy some clothes on the way." Qiu Yuting said helplessly. She didn't understand what Lei Hao did, but she remembered that Thunder 1 had been there during this period. Although he had to compromise, he admired Lei Hao's workaholic style.

After buying a shirt on the way, Lei Hao took Qiu Yuting's car and rushed to the sales department. He used the computer and account in the work area to look through the company's internal information, and finally saw the information of Danghe Pharmaceutical.

Because it is not listed, Danghe Pharmaceutical's information is relatively simple, but coincidentally, Yingyi Securities also intends to participate in becoming the other party's underwriter. Lei Hao can see some documents that outsiders cannot see.

"Pharmaceutical companies do spend money." After reading this information, Lei Hao felt a little headache. He only had a partial understanding of many of the things here, but he could understand the consumption of funds above. It was just a small company with a valuation of over 300 million. Pharmaceutical companies have ridiculously high cash flow needs, so no wonder they want to engage in private equity financing.

However, the profits of pharmaceutical companies are high, but the risks are also high. If you make the right investment, the profits will naturally be high. If you make the wrong investment, and the other party's research will make no progress, then the money will be lost to grandma's family.

While Lei Hao was reading the documents, members of the project team arrived one after another, and Zhou Junyun and Lan Shijie also stood nearby and read some of the documents.

After Lei Hao finished reading the information, Zhou Junyun, the encyclopedia, said, "The manager is interested in Danghe Pharmaceutical? This company studies anti-hypertensive drugs. To be honest, the industry is not very optimistic about it."

"Yes, the treatment of high blood pressure has always been a problem. So far, there is no complete cure. The treatment concept of Western medicine is to take medication for life. Anti-hypertensive drugs have a huge market prospect, but they are too difficult. Research, patents, Clinical trials... all require large sums of money." Lan Shijie also shook his head and said.

"I know." Lei Hao took out the cigarette and gave it to Zhou Junyun, Lan Shijie and Zhao Lichen, then bit the filter himself and wanted to light it up and start smoking.

Qiu Yuting, who was standing nearby, saw this and hesitated for a moment, then reached out and grabbed Lei Hao's cigarette and said with a straight face: "You can't smoke these days."

what's the situation? Everyone in the project team was frightened. They looked at Qiu Yuting in surprise, then turned to look at Lei Hao with a strange smile.

"Ahem, Manager Lei is a little injured. He needs to quit smoking and drinking for a while." Qiu Yuting said calmly, her expression a bit unbearable.

"The manager was injured? Where was the injury? What did the doctor say?" People in the project team asked concerned questions one after another. After this period of time, they still recognized Lei Hao very much.

"It's okay, it's just a scratch." Lei Hao shook his head and said, but if everyone looked carefully, they could see that his upper body was wrapped with a large piece of gauze under his shirt.

"Not to mention this, I am optimistic about Danghe Pharmaceutical. Let's analyze the information and formulate an investment plan. The liquidation of Nanyang Mining must be carried out as soon as possible." Lei Hao made a decision.

Zhou Junyun and others immediately fell into thinking. They now know Lei Hao's style very well. They can persuade him before making a decision, but if they make a decision, they will not be able to pull back ten cows.

"First of all, there is no need to worry about selling the stock of Nanyang Mining. It is not much different from cash. What's more... we still have Qingyu Investment to take advantage of." Zhou Junyun spoke first, causing laughter in the office area. Voice.

Poor Qingyu invested in short-selling Nanyang Mining with a price of over 100 million. Now he wants to buy and repay the bonds at a loss, but finds that there are not enough securities in the market to buy, so he can only pay the interest at a high price to repay the bonds at a loss. , but even so, the progress is very slow.

If Thunder No. 1 intends to clear its position, Qingyu Investment will definitely be the first to come forward to negotiate a price.

"The accurate share price of Danghe Pharmaceutical is about 310 million. They want to take 10% of the shares and seek private financing of at least 40 million. This business is not easy to do." Lan Shijie shook his head slightly and said.

With the reminder of future information, Lei Hao didn't take it seriously and said: "It's a good thing that they are confident. Besides, it's not like they can't negotiate the price. Even if it's 40 million, I will get it, but private equity financing is more troublesome. How can I exit the market and make arbitrage?" It’s a problem.”

"How about? Ask them if they accept bond financing?" Zhao Lichen said: "In this case, the risk will be reduced, and the probability of them being insolvent is still relatively small."

The so-called bond financing, for Lei Hao, means lending money to other companies and obtaining higher interest, while equity financing means exchanging money for shares. The former has low risk and low return, while the latter has high risk and high return.

Of course, Lei Hao chose the private equity financing method. After all, Thunder 1 is a project team engaged in speculation and arbitrage. It is better for him to leave the money in the secondary market than to use bonds.

"I want the equity, and I don't accept their terms of repurchasing it at a limited price. I can repurchase it, but the price cannot be limited." Lei Hao crossed his palms and circled his thumbs, saying, "Actually, I have How about asking the investment banking department of the head office to underwrite Danghe Pharmaceutical’s private placement plan?”

There is a method of securities underwriting called underwriting. For example, when Danghe Pharmaceutical seeks private equity financing, Yingyi Securities acts as the securities underwriting agency, and then the investment banking department of Yingyi Securities directly purchases all the underwritten shares with a certain amount of funds, and then Turn around and find a buyer, that’s what underwriting is.

Lei Hao's method was to ask the investment banking department to underwrite the shares provided by Danghe Pharmaceutical first, and then Thunder No. 1 would take over. This would leave a lot of room for maneuver.

"Manager Lei, you've learned too much." Zhou Junyun said with a smile: "But this is also a normal method of business negotiation, legal and compliant."

"Teacher Zhou, don't be too happy too early. Those people in the investment banking department of the head office... hehe, they are a bunch of losers." Lan Shijie said rudely.

As Lan Shijie finished speaking, Lei Hao felt that Qiu Yuting and Zhou Junyun were a little embarrassed. He immediately knew the capabilities of the investment banking department of the head office. It was probably because they failed to succeed and failed.

"Granny Jiang, book a flight. Let's go to the Shanghai Stock Exchange. If the investment banking department can't do anything, we'll feed them meat!" Lei Hao made up his mind, and a large group of wide-eyed people immediately appeared in the office area.