Chapter 22 10 billion valuation
“One 70 million,”
Lu Chen looked directly at the other party, "This is the reserve price I give you."
Fu Yan frowned slightly.
Although Yiyuan Technology is in a difficult situation, its assets are real, including factories, equipment, industrial land, including production qualifications, etc.
No matter how much the physical assets worth 270 million are reduced, they still have a valuation of 200 million.
"Mr. Lu, you see, this price is really a bit..."
Lu Chen interrupted him directly, waved his hand, and said, "One 70 million is the reserve price I give you. The more budget you can save, you will have as much bonus as you can."
Hearing this, Fu Yan's eyes lit up and he quickly promised: "Mr. Lu, don't worry, we will definitely handle this acquisition."
"Um."
Lu Chen nodded with a smile.
Is it enough to acquire Yiyuan Technology for 170 million yuan?
In terms of company valuation, it is naturally far from enough.
But you should know that Yiyuan Technology is a company on the verge of bankruptcy. If there is no foreign capital injection, when the company goes bankrupt and liquidates, it will only sell the company's assets at a low price.
By then, its value would probably be less than half of its current value.
What value does Yiyuan Company have in addition to industrial land after bankruptcy have?
Second-hand equipment?
These equipment are already behind the market. Whoever would buy it at a high price might be disassembled as scrap iron.
Company employees?
I guess capable technicians have long been looking for a way out.
After counting it carefully, the entire Yiyuan Technology only has industrial land worth a little money.
In fact, what Lu Chen likes is not industrial land, but its mature production lines and a large number of technical workers.
Because Lu Chen has the technology and funds that can bring Yiyuan Technology back to life.
As a company that produces and sells battery management systems, Yiyuan Technology can only be regarded as a second-tier brand in the country.
In the new energy vehicle industry, large manufacturers have their own battery management technology, so Yiyuan Technology's sales targets are only those small new energy vehicle manufacturers.
As the country’s new regulations on subsidies for new energy vehicles came out, small manufacturers began to go bankrupt one after another.
In this way, Yiyuan Technology will naturally not be able to support it if it loses its orders.
It is so miserable for an enterprise to have no core technology.
When the wind vent comes, it will soar into the sky soon. When the wind vent disappears, it will fall into a dead dog.
......
After seeing off Fu Yan and his party, before Lu Chen could breathe a sigh of relief, the newly-designed female secretary told him that someone wanted to visit him again.
Since the Miracle Continent's fire, all kinds of capital that wants to give money to Lu Chen has been emerging.
For these people who want to eat nothing, Lu Chen smiled on his face, but his attitude is just one word, get out!
However, the person who is visiting him this time is quite good.
"Why are the people from Tencent coming to us?"
The female secretary was obviously a girl who had just entered the workplace and was stunned by Lu Chenwen.
"Okay, please let them come to my office."
"Yes, Mr. Lu."
The female secretary trotted away as if she was amnesty.
Still short of people!
Although there are more and more people in the company nowadays, there are only a handful of people who can truly be called talents, whether they are technical positions or management positions.
But Lu Chen didn't care either.
There is no talent to recruit, dig, or cultivate.
After all, whether it is Chensheng Game Company or Chensheng Technology, it is just a newborn company.
......
Inside the general manager's office.
Lu Chen met a group of people from Tencent.
"Mr. Lu, let me introduce myself. I am the director of Penguin Strategic Investment Department, Lu Ming."
The person who spoke was a middle-aged man with an ordinary appearance, wearing a black suit, and meticulous hairstyle. When he spoke, he always had a warm smile on his face, which made people feel particularly friendly.
"Hello."
Lu Chen reached out his hand and shook the other party, his face a little strange.
“That’s it…”
As a professional investor, Lu Ming's methods are simply top-notch when dealing with interpersonal relationships.
Although Lu Chen knew that they were competitors, he still had a great impression of the middle-aged man with the same surname as him.
After chatting for more than ten minutes, Lu Chen smiled and said, "Mr. Lu, if you have anything to say, just say it."
"Haha, Mr. Lu is quick to speak, then I won't go around in circles. Our company has a fancy to your company's game research and development capabilities and wants to invest in your company."
Before Lu Chen could reply, Lu Ming continued: "Don't worry, Mr. Lu, our Penguin Technology is just a simple investment and will never interfere with your company's game development and operation. With your technology and our channels, I believe that the game in Miracle Continent will definitely be able to go to a higher level."
After finishing his words in one breath, Lu Ming looked at Lu Chen with sincere eyes.
After hearing these words, Lu Chen was a little curious and said, "I wonder what your company's valuation of our Chensheng Game Company?"
"Mr. Lu, according to our evaluation, your company's market value is about 10 billion."
Hearing this, Lu Chen frowned.
This valuation, calculated based on the normal price-to-earnings ratio of 20 times, is far underestimated by Chensheng Game Company.
But the most valuable thing for a normal game company should be the R&D team, and Chensheng Games does not have a R&D team.
As for the technical department, it only serves as a maintenance game and developing skins.
As for developing games, they are still far from it.
Of course, Lu Chen couldn't say such words to the public.
Seeing Lu Chen frowning, Lu Ming quickly explained: "Mr. Lu, I know that this valuation may be a bit low, but your company has only launched one game so far, so..."
Lu Chen raised his hand and interrupted with a smile: "Mr. Lu, I know, you don't have to explain."
Upon hearing this, Lu Ming breathed a sigh of relief.
As the Miracle Continent becomes more and more popular, capital is paying more and more attention to Chensheng Games, the originally unknown company.
In fact, it is not just Penguin Company. Since the full promotion of Miracle Continent, there has been continuous capital contact with Lu Chen and want to invest in Chensheng Game Company.
But Lu Chen refused them all one by one.
These capitals that come to visit have various valuations, and so far, Penguin has given the highest valuation.
"But, Chensheng Game Company has no plans to raise funds yet."
Hearing this, Lu Ming's face changed slightly, but it quickly covered it up and continued to smile and said, "Mr. Lu, since this is the case, we will not disturb you. However, if your company has financing needs in the future, please consider us first."
"must."
Lu Chen said with a smile.
Watching the other party leave, the female secretary who stood beside her, who had never dared to speak, secretly stuck out her tongue.
One hundred billion! And Mr. Lu actually refused!
Lu Chen murmured: "I'm afraid from today on, everyone will be enemies."
"Mr. Lu, what did you say?"
Chapter completed!