The news that Giant Cotton Textile Factory wanted to raise three million yuan directly shocked the entire Qiongbi City.

Most people have never seen such a large-scale public financing.

No one knows whether it is done privately or not, but Qiongbicheng is the only one that has publicly sought financing from the public on such a large scale.

For a time, the Giant Cotton Textile Factory became the topic and focus of Qiongbicheng just like the Tulip Sugar Industry in the previous two months.

And the popularity was much higher than that of the tulip candy industry at that time.

After all, the reason why the Tulip Sugar Industry was so popular at the time was that the first place prize in the competition was as high as 6,666 Union Dollars.

And now, Giant Cotton Textile Factory wants to raise three million United Dollars!

There is no comparison between the two.

However, this does not mean that the Tulip Sugar Industry has been completely crushed.

Because when the tulip candy industry first became popular, most people had a strong sense of participation and felt they could get bonuses.

Now the giant cotton textile factory is very popular, but this financing has nothing to do with ordinary people, and everyone has no sense of participation. They are just a bunch of people.

So everyone has his or her own fire.

Of course, ordinary people were satisfied, but the businessmen and dignitaries were a little surprised and curious.

What confidence does Giant Cotton Textile Factory have to dare to raise the slogan of financing three million?

Is the boss crazy? Or does he have another hidden agenda? Or is there really a way to make a fortune?

Everyone doesn’t know, but everyone is very concerned about it.

Soon, someone heard some news - after receiving investment, the Giant Cotton Textile Factory will build several new factories, recruit a large number of people, purchase raw materials, and purchase steam spinning machines.

It is said that this can reduce costs, but many people are confused. This obviously costs more money, so how can it reduce costs?

Jumian Textile Factory did not explain further, but said that if the financing goes smoothly, it will be able to produce fabrics below the market price.

Currently, the company with the lowest weaving cost in Qiongbicheng is Sandy Textile Factory, which accounts for 50% of the city's share. The price of the fabric they sell is the market price in Qiongbicheng.

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If the cloth sold by Jumian Textile could really be lower than that of Sandy Textile Factory, that would be awesome!

This means that they all have the possibility to defeat Sandy Textile Mills!

Of course, this is all gossip from Giant Cotton Textile Factory, and we have to wait and see for details. Moreover, they did not disclose much data, but only hinted that it was possible.

But the more this happens, the more attractive it becomes.

For a time, most people in Qiongbicheng were talking about it.

Although many people are not optimistic about them, thinking that they will not be able to raise funds, or even lose money if they do.

But some people think that if a big boss joins the investment, they might give it a try?

As for the other small textile factories in Qiongbicheng, they are shaky. Regardless of whether they can raise funds, they look scary!

If they can really keep costs down, then Sandy Textile Factory may not be a big deal, but small factories like them are out of luck - there was already Sandy Textile Factory watching covetously from the side, and now there is a larger-scale textile factory.

Are we going to let these small factories survive?

Sandy was shocked when he heard the news, but he didn't believe it.

He thinks it's all a gimmick.

"Impossible, absolutely impossible! Can they reduce costs? No matter how low their costs are, they can't match our labor costs. They will never be able to raise so much money. After all, three million, this is a huge gamble, no one dares to do this

bet!"

Sandy said decisively.

Reduce costs? As a textile tycoon of three generations, he said that in Qiongbicheng, only their Sandy Textile Factory has the lowest cost!

Even if you can really reduce the cost even a little bit, it won't be enough in front of the Sandy Textile Factory.

Others were not as sure as Sandy, and they were waiting for news in three days.

For a time, Qiongbicheng was in a storm.

…

The actual value of the giant cotton textile factory is 500,000, and the valuation is 3 million, and 66% of the shares are used for external financing.

The reason for this number is that the current situation is a bit embarrassing. If the valuation is too high, others will definitely not recognize it. If the valuation is too low, then the money required for Luo Yin's plan will not be enough.

So after all the calculations, three million is quite appropriate. Although the price is still not low, it is not sky-high for some businessmen. However, some shares in the company must be taken out.

There is no term for how many rounds of financing there are. It all depends on your valuation and how many shares you take out.

Pullan's 30% stake was diluted to 5%; Hansen's 21% stake became 3.5%.

Luo Yin's 49% stake became 8.17%, and he invested another 55,000. Adding the previous 245,000, he made up a total investment of 300,000 and obtained 10% of the company's shares. Currently, Tulip Sugar Company is listed on the

Luo Yin invested all the cash of 300,000 yuan in profit every month.

The total shares of the three people are 18.5%.

This shareholding is too small, and there is no right to speak at all. This is something that Pulan and Luo Yin cannot bear.

But Luo Yin had a backup plan. He found Henry, the vice president of Qiongbicheng Commercial Bank.

It was said that Henry was given an opportunity to make money - the commercial bank invested 465,000 and obtained 15.5% of the shares of the giant cotton textile factory. The commercial bank did not participate in the operation and management and only enjoyed dividends and other rights.

This condition is not harsh, because the major banks invest in many projects, and they seldom put their finger on it. They are the favorite investment companies of the bosses. So this is not a big deal to them.

In this case, the three of Luo Yin and Commercial Bank own a total of 34% of the shares.

Although this share does not have absolute control like 51%, it does have a veto power.

Because according to the law, when a company wants to decide on a major matter, two-thirds of the shareholders must agree to it. So as long as you control more than one-third of the shares, you have a veto power. 34% is just over

One-third.

The negotiations with the commercial bank, or rather the negotiations with Henry, went very smoothly.

Luo Yin had a good personal relationship with him, and given all the previous incidents, Henry still believed in Luo Yin.

Moreover, due to the rise of the Tulip Sugar Industry, Henry's status within the bank has also been improved to a certain extent. Now he can personally make the decision for the bank's investment within 500,000, so the matter was settled quickly.

Luo Yin, Pu Lan, Hansen and the commercial bank represented by Henry signed a contract.

The contract stipulates that the four people have the same goal and must not damage the interests of the other three people. The three people except Pulan have authorized some of the shareholder rights to Pulan. When the three people are not present, Pulan can exercise the rights of the three people, but cannot damage the rights of the three people.

In order to maintain their own interests, the three of them did not interfere with Pulan's decision.

Luo Yin has long said that he will not participate in the management of the company. It is okay to come up with ideas and just be the manager. The same goes for Hansen and Henry.

Therefore, it can be simply understood that Pulan can exercise the right to own 34% of the shares.

In this case, although CEO Pulan cannot control the company 100%, he can control the company relatively safely and prevent some matters that are detrimental to the company from passing through.

The four people are considered a small group, controlling 34% of the shares. There are still 66% of the shares left to the outside world, with a total quota of 1.98 million, which means that every 1% of the shares is 30,000 yuan.

Soon, Giant Cotton Textile Factory released the news of officially launching financing.
Chapter completed!