All the private equity fund subscription contracts were signed, and there was no point in delaying the capital any longer. That afternoon, a total of 34 shares adding up to $68 million, as well as a $1.36 million managent fee, were consecutively received.
Lu Liang subscribed for 16 shares, contributing $32 million, plus a $640,000 managent fee, reaching one hundred million dollars, and ended the fundraising period in one day.
The next day, he found President Liu of the Industrial and Comrcial Bank. With a deposit of one hundred million dollars, he obtained 636 million RMB.
When he initially opened a corporate account with the Industrial and Comrcial Bank, he had signed the related contract; Tianxing Asset Managent was a dual-currency private equity fund.
Capital could temporarily stay with the Industrial and Comrcial Bank, but however much was deposited, the bank was obligated to provide an equivalent amount of RMB with no interest.
At first glance, the Industrial and Comrcial Bank seed to be getting the short end of the stick, but in fact, all four major comrcial banks offered a service called foreign exchange loans.
So businesses needed to import equipnt, but foreigners did not accept RMB, and if the businesses didn't have foreign exchange reserves, they would take loans from the bank.
However, foreign exchange control in the country was very strict. Even the Industrial and Comrcial Bank branch in Modu had a very limited quota for foreign exchange allocations each year.
Lu Liang depositing one hundred million dollars, in the branch managed by President Liu, made him almost want to worship Lu Liang. He couldn't care less about that bit of processing fee.
Lu Liang reminded repeatedly, "President Liu, our company doesn't need dollars for now, but that doesn't an we won't need them in the future. I don't want any hiccups in the process when we need to use them."
President Liu hurriedly said, "Mr. Lu, let tell you sothing in confidence. Our branch's quarterly foreign exchange settlent always has at least one hundred and eighty million dollars in foreign exchange reserves, so whenever you need it, it will be imdiately available."
Reserves ant that they couldn't be used unless it was an ergency. So often, he could only watch as loan business opportunities slipped by.
But with the addition of one hundred million dollars in foreign exchange funds, they could now afford to be a bit bolder in the future, and at the very least, generate an inco of ten million dollars a year.
Moreover, Lu Liang's capability was clear for all to see. One hundred million dollars was just the beginning; it could be one billion or even fifty billion dollars in the future.
A feast compared to regular als, President Liu knew the difference. He would never cause any delay in the currency exchange process at a critical mont.
Lu Liang nodded, feeling reassured.
After leaving the bank, he returned to the New International Building and called over Wen Chao to inquire about the background check results.
"The resus of the four new hires are basically authentic. No criminal records; no bad habits. The two veterans are still under investigation; the results should be available by the afternoon at the latest."
"Send the offers to the four newcors first. Have them co over to complete onboarding tomorrow. If there are no issues with the two veterans, send them offers too, have them co in tomorrow as well."
In the vast trading room, only Lu Liang was buying in trades, nearly numb as he clicked the mouse and tapped on the keyboard.
He felt numb, watching the screen flashing red and green, suddenly let out three yawns in a row, nearly bringing tears to his eyes.
The positive news on new energy hadn't appeared yet, and at the mont, it was a phase of building positions. He didn't dare to make big moves, only buying in slowly, a few to a dozen shares at a ti, trying not to affect the market.
He bought shares in six companies from start to finish, then started the cycle over again.
Each trade did not exceed $20,000. If it was just him alone, he probably wouldn't be able to build even 10% of the position by the end of the market trend.
"Mr. Lu, it's Wednesday today. When would you like to book a flight ticket?" Wen Chao suddenly asked.
"What flight ticket?" Lu Liang was puzzled.
"The 29th, Friday, is the financing eting for ofo. You ntioned to Mr. Dai that you wanted to attend."
Lu Liang suddenly rembered; he had been so busy he almost forgot: "Morning or afternoon?"
"Three o'clock in the afternoon."
"Then book one for noon."
Lu Liang recalled the warning from Shen Peng.
'Zhu Hu is not a good person.'
What was Shen Peng thinking when he said that?
If Zhu Hu was unsatisfied with Lu Liang owning 20% of ofo's shares, then he should have contacted him these past few days to coerce or tempt him into relinquishing the shares, but he hadn't.
So much so that Lu Liang started to doubt whether Shen Peng had deliberately said it to make him paranoid and restless.
But as for Shen Peng's motives, Lu Liang could not figure them out.
He could only wait until Friday to et Zhu Hu in person, and perhaps then he could get to the bottom of it.
An afternoon, two hours of trading ti.
Lu Liang bought 12 million worth of shares, averaging around 2 million per stock, which did not have any impact on the market, and happily concluded his work for the day.
Walking out of the trading room, Lu Liang saw that four special security officers had been added next to the security checkpoint.
In the nearby rest area, Old ng, with his big belly, was lying on the sofa playing with his phone.
Lu Liang walked over with a smile on his face, patted his belly, and sat down beside him, "Free today?"
"I've been waiting for you to finish up. Done for the day?" Old ng said as he suddenly got up, agile for a man of his size.
Lu Liang nodded, and ng Changkun called over his assistant, Liu Jun, and took out a stack of docunts, "Take a look. Who do you want to keep?"
Lu Liang had said before that he was only responsible for making money; big issues, small matters, trivial things, and personnel allocation—all were left to him to handle.
But he couldn't wield authority without justification. Lu Liang might not ask, but he couldn't refrain from ntioning it. It was a matter of attitude.
Lu Liang flipped through the docunts. There were 28 people in total, all transferred from Kunqian Trade, but they were all in basic positions.
Like reception, clerk, security, legal affairs, etc., each departnt had two or three people, but there was no one in charge of financial auditing.
Lu Liang chuckled, quite pleased with Old ng's sense of boundaries and after a mont's thought, said, "Let Mr. Tang take on the role of financial director in addition to his current duties."
Old ng chuckled, "That's what I was thinking too."
The two n exchanged knowing glances.
As for Little Wang, as long as he could cheer with "666", that was enough.
That evening, Lu Liang received a report from a third-party background check, which rated the two veterans as moderate and honest.
In their more than ten years in the industry, they had been involved in many projects, but none had been led by them; they were often only in support roles, and their nas mostly appeared at the end of project lists.
Experienced, but not outstanding, with no great abilities, they were precisely the kind of people Lu Liang needed. He imdiately instructed Wen Chao to send them offers.
The next morning, two veterans and four new hires completed the onboarding process and the first docunt they signed was a confidentiality agreent.
The two veterans had signed such agreents many tis before and had been called in by Lu Liang for a one-on-one chat, understanding that their role was to guide the newcors.
Thus, they enthusiastically explained things to the four new hires.
On the first morning, rather than having them trade live, Lu Liang had them log into a simulation panel to get familiar with the equipnt and work environnt first.
It wasn't until after lunch when everyone had submitted their communication devices and passed through the security checkpoint that they entered the trading room, and Lu Liang inford them of the current plan.
Three people, one veteran and two newbies, made a group, with each group using 12 trading accounts aiming for six stocks to build positions at the base.
Lu Liang sat at the main control console, monitoring everyone's accounts and issuing commands, "BYD has the highest market value and good stock liquidity. You can buy a bit more of that."
"LeEco's stock price is abnormal, stop buying. Divert funds to SAIC, Yutong, Zhongke..."
A lone hero with three helpers, they managed to accumulate funds up to 67 million in just one afternoon.
This was only on a Thursday when the market was sluggish. Had it been Monday or Tuesday, they could have accumulated over 100 million.
Among them, BYD, with the highest market value of 155 billion, contributed the most chips, reaching 18.5 million.
The rest were spread out over five stocks, pooling 48.5 million.
Currently holding a total of 115 million.
Lu Liang pondered for a mont and planned to add a few more stocks; six seed too few to accommodate the more than 600 million in funds.
He shifted the focus from whole vehicle manufacturers to downstream suppliers; for electric vehicles, the most important are the battery and the motor.
Yiwei Lithium Energy, Tianqi Lithium, Fangzheng Motor, Ganfeng Lithium, Duofu, five stocks ca into view.
Lu Liang added these five stocks to the reserves, ready to switch to them the mont the market saturation of the previous six stocks was reached.
With a combined market value of over 300 billion for the 11 stocks, accommodating their more than 600 million should be no issue.
After Friday morning's trade ended, Lu Liang called ng Changkun to help take charge as he was heading to Beijing.
"What do I know about this?" Old ng frowned deeply, every cell of his body radiating resistance.
"Just sit there and be responsible for collecting the keys at the end. I've prepared everything for this afternoon."
Lu Liang left in a hurry. With the main account in his hands, there was only a little over an hour of flight ti during which he wouldn't be able to monitor the account.
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