My Age of Investment

Five hundred and sixteenth, automobile power battery

110 million US dollars bid for ATL, which cost 10 million US dollars more than expected.

Xia Jingxing didn't feel any distress at all, after all, there was only ATL as the buyer before, and now the buyer has more of their vision capital, so if there is competition, the price will inevitably rise.

Besides, TDK is still a moderate shareholder of ATL with several shares.

If he doesn't cut through the mess quickly, the negotiations will be sticky, and if he drags on, it's easy to see through his intentions and kill him severely.

Now it only costs an extra ten million dollars, which is almost the next better ending.

He is not a god, and it is impossible to predict TDK's hole cards.

However, after the bidding ended, he did figure out TDK's cards, which should be between US$101 million and US$110 million.

However, these are not important anymore!

Most importantly, the battery company has fallen into his hands and has become an important puzzle linking mobile phone companies and Tesla.

In a good mood, he signed an acquisition intent agreement with ATL on the day the bid was successful, and allocated an initial equity acquisition of US$10 million.

For the rest of the acquisition funds, it is necessary to complete due diligence on ATL and start the integration, and then deliver in multiple batches and in multiple phases.

This is also a common practice in acquisitions.

It is almost impossible to pay with one hand and deliver with one hand in large-scale acquisitions. If there is, it can only exist in small acquisition cases.

The reason for this is that the due diligence work involved in large-scale acquisitions is larger and more complicated. At the same time, delaying payment is conducive to maintaining the health of one's own capital chain.

Finally, I was afraid that the money would be paid too readily. In the follow-up work such as resource integration and taking over the company, the management or previous shareholders were not so motivated and did not cooperate in the work.

Zeng Jiqun, Li Tanghua, and Liang Shaokang performed very well, and they actively cooperated with Envision Capital in various due diligence and takeover work.

Vision Capital transferred a technical team from a mobile phone company located in Zhongguancun, and settled in ATL to be responsible for the technical evaluation of mobile phone batteries.

Financial and legal affairs of the mobile phone industry merger and acquisition fund,

As well as external law firms and accounting firms have also settled in ATL.

After these people enter ATL, they will scan ATL up and down, inside and out, from multiple levels such as business, technical patents, financial status, and legal contracts.

Xia Jingxing no longer needed to intervene in these trivial matters, and he left them all to Deng Yuanjun.

This veteran who has struggled in the consumer electronics and mobile phone industries for more than 20 years is leading his team to work in full swing. In the office building and in the factory area, employees of Envision Capital and mobile phone companies can be seen.

Xia Jingxing was not idle either, he had his own work to do.

…………

…………

Accompanying Xia Jingxing, the new boss, to wander around the factory for a while, chatting aimlessly all the time, Zeng Yuqun was a little impatient, and asked with a smile, "Mr. Xia, why are you looking for me?"

Xia Jingxing chuckled, Zeng Jiqun is accompanying the due diligence team to do various tasks these days, and he is very busy.

I called the other party out and chatted for a long time, but I never got to the point, which made this straightforward person a little anxious.

"After the acquisition of ATL by Vision Capital, except for the appointment of the vice president of personnel and vice president of finance, the rest of the management positions are the same as usual, and there are no changes."

Xia Jingxing slowly narrated, "Li Tanghua, Li Dong, continue to serve as the chairman of ATL, responsible for the general direction, and stand on this last post.

Today is already 2006, and Li Dong is already 62 years old. Maybe he will retire in a few more years. "

Turning to look at Zeng Jiqun, he smiled and asked, "What about you? Have you ever thought about the future?"

Zeng Jiqun is actually very smart, and he immediately heard the implication. Does this mean that he wants to take over? Helm the entire ATL?

Not wanting to be too utilitarian, Zeng Yanqun touched his spacious and bright forehead, "Hey hey hey" smirked, "I haven't thought about it, I think in my heart that the battery is not limited to the polymer lithium battery, but in the battery In many fields of technology, compare with international giants such as Panasonic and LG Chem.”

Xia Jingxing pursed his lips and smiled. Chinese people are much more reserved than Americans. He has companies in both China and the United States, and he has more contacts with Chinese and American employees, so he has a deep understanding.

Forget it, as the boss, I'll take the initiative to speak up!

"After Director Li retires in a few years, I plan to let you take over the positions of chairman and CEO."

It really is!

A gleam of joy flashed in Zeng Yanqun's eyes, "Mr. Xia, I haven't accomplished an inch, isn't it appropriate?"

"Why no credit?"

Xia Jingxing couldn't help laughing, and patted Zeng Jiqun on the shoulder, "Helping Vision Capital successfully acquire ATL is a credit, and it's a big credit."

Zeng Yanqun laughed and said, "What is this? It was Mr. Xia who strategized and sealed the victory early in the morning."

Xia Jingxing waved his hand, "Contributions cannot be denied, I am a person who deserves to be rewarded."

After walking a few steps, Xia Jingxing suddenly looked at Zeng Jiqun with piercing eyes, "After this acquisition, you have almost received five or six million US dollars, which is basically regarded as financial freedom. Have you ever thought about starting a business in the future?"

As for ATL's shareholding structure, Xia Jingxing is very clear. After three rounds of financing, including the Angel round, A round, and B round, the management's shareholding in ATL has fallen below 40%.

Among the management's shareholdings, Chen Tanghua and Liang Shaokang accounted for the majority, and there were more than a dozen key members who divided part of the shares. There were only more than five points belonging to the Zeng Ji group, less than 6%.

Zeng Yanqun thought it was testing himself, and shook his head repeatedly, "Mr. Xia, after the ATL incident, I have seen the difficulty of starting a business. Without the support of capital, it is destined to not go far.

But capital has always been more icing on the cake and less charcoal in the snow.

My millions of dollars are not enough to do things. I might as well buy some properties to give my family a better life. "

Xia Jingxing couldn't figure out Zeng Jiqun's real thoughts, so he said with a smile, "I'll just ask casually, starting a business is indeed difficult and dangerous.

Take ATL as an example, I think it is still in the stage of entrepreneurship, which I call "second entrepreneurship". "

"Second venture?"

Zeng Jiqun didn't quite understand, so he asked a question.

Xia Jingxing said while walking, "Yes, the current ATL cannot be considered a complete success, let alone sit back and relax. In order to maintain its own advantages and vitality in the fierce market competition, it must have an entrepreneurial spirit.

ATL has gone through the 25,000-mile long march, and now it has successfully joined forces with Envision Capital in northern Shaanxi, but there is still a lot of work to be done, what do you think? "

Zeng Yanqun thought for a moment, then nodded, "Yes, the current ATL really needs to continue to grow its strength and expand its "base area."

Xia Jingxing smiled, "This is what I think. ATL is fighting the war in the front, and Envision Capital is providing ammunition support in the rear, so that you can focus on product development and sales without distractions."

Zeng Yanqun said with a smile: "Okay, no problem. In fact, our ATL made a profit of 5 million U.S. dollars in 2002. Up to now, as long as we don't invest in large-scale research and development, our annual profit has been maintained at about 10 million U.S. dollars.

In fact, there is not much shortage of money. Of course, if you want to develop new technologies, you need a lot of investment. "

"I just want you to develop new technologies."

Zeng Jiqun was puzzled for a few seconds and asked, "Tesla?"

The response was quick, Xia Jingxing praised in his heart, and said with a smile: "Yes, new energy vehicle batteries, I plan to let ATL open up this new field."

Zeng Yanqun was silent, with a dignified expression, and said solemnly after a while: "That requires investment, a lot of money."

"You don't have to worry about the money. I will inject 40 million US dollars into ATL as the initial investment, and set up a car power battery department for special purposes."

Xia Jingxing pointed at Zeng Yuqun and said sternly, "You will be the person in charge of the automotive power battery department and take the lead in research and development."

"I?"

Zeng Jiqun pointed at himself, and then said, "Mr. Xia, I don't have any experience in automotive power batteries?"

Xia Jingxing chuckled, "When you were in college, you majored in ship engineering, but now you have made cell phone batteries, MP3 batteries, and DVD batteries. Is there anything bigger than this?"

Zeng Yanqun was a person who gambled a lot, and he was very courageous. Hearing what Xia Jingxing said, he didn't refuse. He nodded and said, "Then I'll give it a try!"

"Not to try, but to complete the task!"

Xia Jingxing looked at Zeng Yanqun, and said seriously: "This is also a huge test for you. When you complete it, the reward will be richer than you imagined."

Zeng Yanqun "hehehe" smirked, "Mr. Xia, even if I put my life to the test, I will definitely complete the task."

Only then did Xia Jingxing smile, and walked and chatted with Zeng Jiqun, explained something, and cheered Zeng Jiqun up in various ways.

Looking at Zeng Jiqun who was trotting back to the office building, Xia Jingxing nodded.

Chen Tanghua is getting old, Liang Shaokang is more than conservative, but not aggressive.

Among the three, Zeng Jiqun was the one he valued the most and wanted to cultivate and support the most.

At present, Zeng Jiqun does not have much capital to start a business, and he cares about humanity, and Xu Yi is a "high-ranking official with a generous salary", so it is time to keep him!

If you really want to leave, you have to get out the car battery first.

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