"Lao Liu, Mr. Chen is a patriotic entrepreneur, although most of his business is overseas. This meeting was also initiated by him. MG, those are small things. If there are any problems, we can discuss them after the meeting!"
The official of the Ministry of Industry came out at the right time to ease the tension and revealed the identity of this person.
It turned out that Chen Bo, the head of Jinling Automobile Company, directly cut off their desire to buy MG assets, which led them to talk about things for several years and finally shelved them. Of course, they were so resentful.
"This manager Liu wants MG British assets, right?" Chen Bo smiled. "It’s a trivial matter to say that the development of our country’s automobile industry has reached a bottleneck. We always rely on OEM to make money. After China’s accession to the WTO, the automobile tax will drop, and more imported cars will flood in. If you want to expand the industry, you will need more advanced technology and brands. I am here to solve this problem!"
Chapter 10 Group buying Haitao
"You make cars and I make cars, but I’m not trying to grab the market with you. McLaren sells for more than 10 million. Who can compete?" As soon as Chen Bo’s voice fell, many faces changed color.
Is this bragging to show off? Zuo is also a senior in the business world. Even if Jinling Automobile’s parent company started as an agricultural tricycle, it has a market value of nearly 10 billion yuan. It is a standard big company in all parts of the world.
"Different from your professionalism, I’m just an investor who took a fancy to the development prospect of our country in the automobile industry." Chen Bo’s temper turned and went on, "Knocking on the door is an opponent, knocking on the door is a friend. Since we are sitting at the same table, I won’t wring your hands. What do you need now? Better automobile technology and faster playing international market cards! Isn’t it? "
This slight compliment not only eased the atmosphere, but also won some people’s agreement. Chen Bo continued, "My advantage is that you have to find a middleman when you go out to talk about business overseas, and you can also go out to inquire about me. Who has been angry with XXL people outside? Who dares to cheat me! What about Bill Gates, the richest man in the world? I sold him more than 10 billion dollars for a chat software. How much is that? More than 1 billion yuan! "
He just blew it, but it’s also worth showing off. Because of this deal, some media have already praised him as a fairy.
Who wants to say that he doesn’t know that he has done this? Obviously, he is not qualified to sit here. It was a sensational event in those days, and it was a deal of the century. The selling price was almost the same as the net profit.
Chen Bo spat and said that the more he worked hard, the worse he beat the table. "Let’s learn from South Korea and Japan, the two neighbors, and form a group. What technology do you want? What brand does he want to negotiate privately and then talk together? It not only increases the strength of words, but also grows. What’s the point of beating others to death and letting others make a profit in vain? Isn’t the damage still our own interests? "
"that’s fair to say. how can so many company coordinate if they all want it? Where does the money come from when you go out to buy overseas assets? But you have to apply before moving foreign exchange reserves! " Although Mr. Liu of Jinling Automobile didn’t get it again, there is something in this story that is aimed at Chen Bo, which is a cumbersome approval process.
"Cough!" The leader of the Ministry of Industry cleared his throat with a dry cough and then said, "At this stage, the growing demand for overseas high-quality assets is gradually increasing, and the country attaches great importance to this aspect, but it is not realistic for the Ministry of Industry, the Ministry of Commerce, the central bank and other departments to work together to deal with the across-the-board reform, but the application for approval will greatly simplify the process. It is estimated that the slowest time will not exceed three months."
When this statement came out, everyone clapped their hands and said that they would buy overseas assets quickly, which was a big effort.
In particular, state-owned enterprises not only need to be approved by the departments directly under their control, but also need to bypass the NDRC’s $10,000 transaction to find the province. No matter how high it is, it will have to be submitted for approval again. Once and for all, the day lilies are getting cold.
Now it has been directly shortened by several times. Although there are still many problems, at least saving one is one.
"Although the country’s foreign exchange is tight, it is not a big problem," Chen Bo went on to say, "We B≈ P Fund is willing to undertake a financing channel, and the overseas acquisition and lending of US dollars will definitely make the interest rate of RMB affordable to all of you. At present, Mr. Rogers, the chairman of the Foundation, is negotiating with the municipal government to set up a pilot project, all of which are to mortgage pure credit to completely solve this worry. "
"It would be very convenient if it really works!"
"Who says it’s not? This saves us the trouble of applying for foreign exchange and borrowing US dollars. We have to pay back US dollars. How can we afford this risk without so many overseas industries?"
……
This proposal has indeed won the approval of many people, which is tantamount to bridging the gap at home and abroad and saving a lot of unnecessary troubles.
Hedge funds do have the function of usury, and the annual interest rate of 25% is less than that of banks, which is about 7%, but that is also because the funds are all investors, not their own money.
But B≈ P Most of the money is from Chen Bo. If he can succeed in this industry, he will be able to get a foothold in the country and keep up with the pace of economic development to make more profits. Who still thinks that he has more money?
"What are you so kind? Which businessman can’t afford to benefit early! " Of course, some people questioned it.
"What? Just because I’m an upright Chinese with a heart for my motherland, I’ve also suffered from bash elbows and cold eyes abroad and racial discrimination. What? In the final analysis, it is because we have been weak for a long time, and we are United and United, so that foreign countries can not be played by those international investors. So many steel companies are always led by those giants in iron ore negotiations every year because of disunity! "
"Well, it’s said that automobile manufacturing is something that other industries don’t discuss," said an official of the Ministry of Industry awkwardly.
"Well, it’s impossible for me to say that I’m unselfish. What’s more, Mr. Nicholas, who has been immersed in Wall Street for many years, can not only buy professional consulting teams overseas, but also get through the Mid-Autumn Festival, and at the same time help many enterprises to carry out market financing. I have a debt-for-equity swap agreement and I can get the original share subscription to help you, which is to help me!"
"With our Chinese company firmly established in the world, I have confidence when I speak outside! We Chinese can stand tall and not be bullied! ！”
Chen Bo’s words are impassioned, and it sounds exciting, and it’s not stupid to think about it a little, so you can analyze the feasibility.
When he finished this anti-guest talk, other people’s minds came alive.
Professionals come to do professional things. Ron talks about cars. Nicholas is a professional investment banker. JPMorgan Chase and the United States have influence. They can’t help but be tempted
Chen Bo took part in this closed-door meeting for one day. He just knocked on the door first by painting cakes to cheer up.
It’s really hard for him to sit at the negotiating table and discuss all the details.
This involves not only the enterprise’s own interests, but also local and regional development. They come from all over the country. When you buy a foreign company, you not only increase your own strength, but also lead a bright future, right?
This closed-door meeting has been tossing for five or six days before it was finally finalized to B≈ P Fund stepped forward to form a temporary Haitao consortium.
When Chen Bo went abroad, he went it alone, with few helpers. Now, at last, a state-owned enterprise is on the rise, so he won’t be too lonely. At least, he won’t put his attention on the acquisition again.
I have to say that with money, Chinese people are still quite hungry.
A private enterprise in western Zhejiang saw Ford Flag Swedish Volvo Lingnan Automobile and Jaguar Land Rover. They were not only interested in Saab and Saturn, but also interested in Korean car companies Ssangyong and Daewoo.
It’s not too much to be hungry.
Now that they have formed an alliance with the same interests, they should directly cut the gordian knot and let them see their own strength.
McLaren immediately signed an agreement with Shencheng Automobile to set up a company after getting the Lotus trademark from Proton Automobile of Malaysia. With a wave of his hand, he invested 200 million RMB.