Redwood Capital was the lead investor for Headline Technology in this round of financing.
In the 1 billion yuan financing quota, they alone occupied 700 million.
The remaining 300 million quota was divided among several other small and medium-sized institutions.
These were all deals that were almost finalized. Unexpectedly, Redwood had a sudden change of heart! This caught Headline Technology off guard.
Seeing Zhang Wanhai's grim face, the director of the investment strategy department said, "Redwood standing us up this time has greatly affected their reputation in the VC circle."
"However, since the two parties have not yet signed a letter of intent, legally, they are not in breach of contract."
"So, we can only choose not to go with them in the next round or make a public announcement..."
Hearing this director's words, Zhang Wanhai waved his hand, interrupting his speech, and said, "Don't talk about that. It's of no help now."
