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Luster : bringing in strategic investors / Kun Wang, Chen Wang, Jingcheng (Tony) He.
- Format:
- Book
- Author/Creator:
- Wang, Kun, active 2024, author.
- Wang, Chen, active 2024, author.
- He, Jingcheng (Tony), author.
- Series:
- SAGE business cases.
- SAGE business cases
- Language:
- English
- Subjects (All):
- Corporations--Finance--Case studies.
- Corporations.
- Corporations--Valuation--Case studies.
- Investments--Case studies.
- Investments.
- Physical Description:
- 1 online resource.
- Place of Publication:
- London : Tsinghua University School of Economics and Management, 2024.
- Summary:
- Luster LightTech Co., Ltd. (Luster, 688400.SH), an innovative company in the machine vision industry, sought strategic investors to secure long-term financing for research and development (R&D). In the first round of financing, Luster selected Shenzhen Fortune Venture Capital Co., Ltd. (Fortune), an equity investment fund with strong financial backing and experiences in listing counselling. Following Fortune's investment, Luster received more attention from other investors. Foxconn Technology Co. Ltd. (Foxconn, 2354.TW), China's largest Apple Inc. phone foundry, emerged as the lead investor in the second financing round. However, despite several rounds of negotiations, Luster and Foxconn had not reached a consensus on the company's valuation. Foxconn was Luster's strategic client, and its stance greatly influenced other investors. How can Luster convince Foxconn to accept its proposed valuation and complete the second financing round?
- Notes:
- Description based on XML content.
- ISBN:
- 979-83-488-3356-5
- OCLC:
- 1569208539
- Publisher Number:
- T299231
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