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For tens of millions of investment negotiations, who wouldn't discuss it first, hold meetings for ten or eight days, and finalize the plan before taking action.

Lei Hao is so good. He just read the information and went to the Shanghai Stock Exchange to negotiate. This is too childish.

"Mr. Zhou, Lin Lirui, and Granny Jiang, just the four of us can go over there." Lei Hao thought for a while and joked: "Think of it as overtime and pay overtime."

"Well, I just have to go back to Shanghai to pack my things, so..." Lan Shijie raised his eyebrows and said, "Let's go together."

"I want to go home and have a look, let's come together." Qiu Yuting also said.

"No, then I'm the only one left?" Zhao Lichen counted and found that he was the only one left without any arrangements, and he immediately looked at Lei Hao pitifully.

"Then let's all go. After this negotiation is settled, we will just have a tour in Shanghai." Lei Hao said nonchalantly. It didn't matter to him to bring one or two more people.

This trip to Shanghai requires dealing with the investment banking department of the head office. Zhou Junyun can facilitate communication. Lin Lirui needs someone to collect information and organize documents. Jiang Huiyi is a financial staff and will even be sent to Danghe Pharmaceutical. Keep an eye on them for a few days, so these three people must be taken away.

As for Qiu Yuting, Lan Shijie and Zhao Lichen, in Lei Hao's opinion, they are people who can bring some help and can do without.

From Yangcheng to Shanghai, the most suitable flight for Lei Hao and his group is the two o'clock flight in the afternoon. It is common for people in the financial circle to fly back and forth. Everyone does not even need to pack their things and rush to the airport directly with documents.

Along the way, Lei Hao asked Zhou Junyun for information about the investment banking department of Yingyi Securities, but what he got made him speechless.

The investment banking department used to be a glittering department. To put it simply, the investment banking department was engaged in direct financing business. IPO, corporate bonds, private equity of small and medium-sized enterprises, etc. were all within their business scope.

In recent years, investment banks have shown a slight decline. One of the important reasons is that competition is too fierce. Banks, securities firms, trusts and other institutions can serve as investment banks, but there are only so many markets. Everyone wants to eat meat, and who wants to eat soup? Who doesn’t even have to drink soup? The answer is a small brokerage like Yingyi Securities.

From Zhou Junyun, Lei Hao learned about the situation of the company's investment banking department. The lack of talents was a problem, and the lack of customer resources was the most fatal reason.

On the one hand, the company's investment banking department does not have extensive contact and investigation with companies that need to go public, issue bonds, or private equity financing; on the other hand, they do not have enough investors. Every time they find a business, they have to disclose information to other securities firms and distribute it. Profits bring in more investors.

Under this situation, coupled with Zhou Junyun's hint, Lei Hao knew what the company's investment banking department was, and those people almost turned the investment banking department into a public relations department.

"Manager Lei doesn't have to worry. If we use underwriting, then our negotiation this time will be very simple. After all, it's all underwritten. The investment banking department will change from an intermediary to a client, and the status of both parties will become equal." Zhou Junyun said.

"I'm afraid that the people in the investment banking department will do something bad." Lei Hao replied with a headache. The reason why he came to the Shanghai stock market was not only to grab time, but also because of his distrust of the company's investment banking department.

When Lei Hao arrived at the airport with members of the project team, Wu Zhixia, the manager of the investment banking department, came to pick him up with three people. Wu Zhixia was in his forties, fair and fat, and seemed to always have a smile on his face.

"Sponsored by Lei (some people would call it Sponsored by the Project Manager of the Asset Management Department), welcome. Old Wu was ecstatic when I heard that you were coming. With Sponsored by Lei, our investment banking department..." Wu Zhixia's mouth It was like applying honey, saying good things again and again.

The three investment banking employees who followed Wu Zhixia looked at Lei Hao with excitement. The charming-looking woman continued to flirt with him, and the two men also had the urge to hug him.

There is no way, everyone at Yingyi Securities now knows that following Lei Hao, it is not clear what will happen in the future, but they will definitely be popular in the past two years.

"Manager Wu, we don't have much time, you'd better tell me about the situation of Danghe Pharmaceutical." Lei Hao didn't talk to Wu Zhixia and asked straight to the point.

"Hey, it's difficult. Now the investment banking business is dominated by large securities firms, banks, and trusts. The investment banking departments of us small securities firms are just making some leftovers." Wu Zhixia complained to Lei Hao as he walked: "Danghe Pharmaceutical's No. 1 The first choice is definitely not us, and even the second, third, fourth, and fifth choices may not be Yingyi Securities Investment Banking Department.”

"Why? It's only tens of millions. Many of our Yingyi Securities customers can meet this investment amount." Lei Hao asked casually.

"It's true that Mr. Lei is Mr. Lei, with a mere tens of millions, he is indeed someone who is used to the big world." Wu Zhixia finished the flattery shamelessly, and realized that Lei Hao didn't like this kind of words, and explained: "Our company has The number of such customers is certainly not as high as others, and private equity financing requires not only investors, but also evaluations and planning documents... and communication and filing with the China Securities Regulatory Commission... Our company, ahem..."

Wu Zhixia looked at Qiu Yuting's darkened face, immediately stopped complaining, and said: "Of course, no matter how difficult the conditions are, all the employees of our investment banking department will never give up. The securities underwriting business of Danghe Pharmaceutical is definitely our profit." Securities.”

"Where are we talking about now? What differences do we have with each other?" Lei Hao asked what he was most concerned about.

"In terms of price, the other party offered 40 million yuan. As you know, Mr. Lei, the valuation of Danghe Pharmaceutical is only 310 million yuan, and the risks of pharmaceutical companies are high. If you want to exchange 10% of the shares worth 31 million yuan for 40 million yuan, how can it be so It’s easy, so everyone is talking to them,” Wu Zhixia said.

Lei Hao nodded and motioned for the other party to continue, then Wu Zhixia said: "Furthermore, Danghe Pharmaceutical's fixed assets are not high. What makes them valuable is that the experimental project is relatively smooth, and it is not clear how many active substances will be produced, uh , sponsored by Lei, at the current research stage of Danghe Pharmaceutical, the more active substances are produced, the more valuable the experimental project will be."

"I understand, once active substances are produced, some steps will be taken to eliminate some of them, and the rest can enter clinical trials, and finally new drugs will be launched. Of course, in more cases, new drugs cannot be produced, or the cost of new drugs is too high and it is not worth clinical trials. Experiment." Lei Hao said, he also knew about this.

Wu Zhixia breathed a sigh of relief and continued to explain: "So, they are currently at the highest risk stage, and they want to sell their shares at a premium, which is very difficult."

"The risks are high, and the returns are also high." Lei Hao said with a smile.

"Haha, yes, if they produce a lot of active substances, then the stock will be valuable." Wu Zhixia agreed with a smile, and everyone around him also laughed. It seemed that Danghe Pharmaceutical was just waiting to lay a golden egg. old hen.

But in fact it was not the case. It was not until he entered Yingyi Securities Corporation that Lei Hao finally understood all the situations, and he frowned slightly.

Things are more complicated than imagined.