Then there are only two potential buyers, Oriental Technology and Times Optoelectronics.Hyundai also wanted to repeat the old trick and let the two of them bid (bid), but what they were waiting for was that Dongfang Technology and Times Optoelectronics formed a consortium to jointly fund the acquisition.However, Juvinson did not take the opportunity to lower the price, and after negotiation with representatives of Oriental Technology, the purchase price was still set at $3.9 billion.The main reason for this is that I am afraid of long nights and dreams, and this price is an acceptable price for both the seller and the acquirer.By this point, the modern era had run out of options.The key is that the other party's bid is relatively fair, and after several days of negotiations, the terms were soon agreed."
We hope that before the agreement is signed, you will conduct a review of the assets and capital.Strip all debts and debts, and replace or buy some leased equipment. ”Before signing the agreement, Juvinson strongly urged the other party to do several things.This is something that Xiao Bai has called to explain in the past few days, and he is required to implement it to the letter.Xiao Bai remembers very well that in that time and space, when Dongfang Technology acquired Hyundai TFT-LCD assets, it was almost trapped.In the final asset handover stage, the inspectors of Dongfang Technology found that the other party had some debts that had not been stripped, and some of the equipment in the factory was actually leased.For this matter, Dongfang Technology terminated the acquisition plan for a time and almost went to court with Hyundai Company.It was only later that Hyundai sorted these things out, and the two parties eventually completed the acquisition.At that time, if it weren't for the careful work of the inspectors of Dongfang Technology, they would have been cheated if they didn't do well.When you sign the receipt form, it is useless to say anything, and it adds to the loss.Therefore, Xiao Bai has always believed that whether it is dealing with Japanese-funded enterprises, Korean-funded enterprises, especially those on the island, it is necessary to be vigilant.Why does he know that there are tigers in the mountains and prefer tigers, so he wants to engage in liquid crystal display devices?
It's because he remembers it very clearly,In the past, the domestic color TV industry was pitted by the island's LCD companies,The most ruthless to domestic enterprises,It's often them。
In this life, Xiao Bai is determined to break this fate.Juvinson and representatives of Oriental Technology are still arguing with Hyundai, but it is expected that the problem will be solved soon.In short, it is Hyundai who is in a hurry now, and there is no large amount of cash coming in, and the company's financial crisis is really about to explode.A week later.Hyundai agreed to Juvinson's conditions and included the request for asset clearance and capital verification in the text of the agreement.All the hurdles have been cleared, and the next step is to sign up.At this juncture, another spoiler appeared.Who is it?
It is the famous Hon Hai in the future.Lao Guo's Hon Hai is the future "king of the world's foundry", I don't know what kind of wind this guy is smoking, and he suddenly came out and had to insert a pole.And Lao Guo's tone was very big, and he said to the representative of Dongfang Technology: "Your strength is too weak to do such a big project."
Why don't I acquire Dongfang Technology first, and then acquire Hyundai's TFT-LCD assets in the name of Dongfang Technology.In this way, you don't have to cooperate with Times Optoelectronics, and naturally you don't have to give each other a 3rd generation production line. ”For Hon Hai's unreasonable request, Dongfang Technology naturally refused.Hyundai has learned from previous experiences and is wary of the island's businesses.The company held a special meeting for this purpose, and finally declined Hon Hai's joining."
Xiao Dong, this matter is really full of twists and turns!
But fortunately, it ended well, and we successfully signed an agreement with Hyundai today.I'll go back tomorrow, and I have to let Mr.
Shang out of the rest of the liquidation and verification of assets, which is not my strong point. ”Juvinson and others signed an acquisition agreement with Hyundai on behalf of Times Optoelectronics and Dongfang Technology, and then he immediately made a phone call to Xiao Bai."
Mr.
You, thank you for your hard work!
Come back, I will let Mr.
Shang take over the rest of the work, and rest for a few more days when you come back. ”Xiao Bai chatted with Juwenson for a while and hung up.He will hand over the follow-up work to Shang Liancheng, clearing production and verifying funds, receiving production lines and technical data, etc., which are all cumbersome things, and it is estimated that it will take half a year at the earliest.After Juvinson returned to the deep city, Xiao Bai specially held a celebration banquet for the negotiation team.Then a handsome bonus per person is indispensable and is the envy of many."
Xiao Dong, such a difficult thing has really been done for you, admire and admire!
What's next for you?
”Although Li Longbin and Yang Xuecheng are following in Xiao Bai's footsteps, when the dust settles on the acquisition of Hyundai TFT-LCD assets, the two still feel incredible.At present, whether it is R Ben or South Korean or island companies, the technology blockade on the mainland is very strict.So when Xiao Bai proposed to buy Hyundai's liquid crystal display technology, although they all nodded, they didn't think they could succeed in their hearts."
Dong Li, Mr.
Yang, don't believe it.This time it is a special case, and it can also be said that we have picked up a leak, and there will be no such good thing in the future. ”Xiao Bai said what he said from the heart, he remembered that after Dongfang Technology acquired Hyundai's TFT-LCD assets, there was a big rebound in South Korea.Within two years, the South Korean government introduced a restriction law that prohibits the transfer of many technical fields, including semiconductor technology and liquid crystal display technology, to companies in China."
As for the next plan, the most critical one is to talk to Shencheng, and we will move the third-generation line of this acquisition to Shencheng in the future.On this basis, we also strive to launch our own production lines, all of which require the support of Shencheng, from land support to financial support. ”Xiao Bai patiently told Li Longbin and the others that the TFT-LCD project is very expensive, and he plans to build his own 6th generation production line after he has eaten through the 3rd generation line.This technology leaps greatly, and if you only rely on the power of Times Optoelectronics itself, the risk is a bit big."
Xiao Dong, your idea is very good.I think we can continue to talk with domestic home appliance manufacturers and pull them into the project. ”Yang Xuecheng had talked about this project with domestic color TV manufacturers before, but unfortunately there was not much interest at that time.Now the situation has changed again, after the acquisition of Hyundai's LCD assets, Times Optoelectronics not only has a 30th generation production line, but also has a full set of technology.Technology is something that can be upgraded, but it's hard to get started.After entering the door, as long as you have the determination and capital investment, you can walk out of a broad road after all."
So, I'll talk to the city.Li Dong, you and Mr.
Yang went separately to visit various color TV manufacturers and explained the pros and cons to them.If you don't want to invest now, don't look for us when there is a shortage of display panels in the future. ”The reason why Xiao Bai wants to pull domestic color TV companies into the company,To put it bluntly, it's for the ecology。
In the future, the liquid crystal display devices produced by optoelectronics must be able to be sold, otherwise how can the enterprise develop?
The amount of food in Kangjia Electronics alone is far from enough, and it must be bound to several more companies, and only with a quantitative advantage can we talk about cost advantages.After several people discussed it, they began to act separately.Xiao Bai first made a phone call to Wu Qingyuan and made an appointment to go to the city government in the afternoon to find the other party."
Uncle Wu, that's it.It's not that I want to negotiate terms with the city, it's that the project itself is too expensive. ”Xiao Bai came to Wu Qingyuan's office as promised and talked with the other party about some ideas about the TFT-LCD project."
Heh, are you trying to blackmail me?
What does that mean, if I don't agree, you don't plan to do this project in Deep City?
”Wu Qingyuan saw through Xiao Bai's intentions, but what if he saw through it?
Today's Xiao Bai is no longer an entrepreneur who needs the support of others, and the projects in people's hands will be warmly welcomed wherever they go.Xiao Bai shrugged his shoulders, grinned and didn't speak.Wu Qingyuan didn't care, and after thinking about it, he continued: "I can't make the decision on this matter alone, I will discuss it at the meeting in the city when I go back, and I will continue to talk to you when I have the results." ”Xiao Bai also knew that this matter could not be decided by any one person, so he said with a smile: "That's okay, Uncle Wu, you will continue to be busy, I will go first." ”As the head of the city government, Wu Qingyuan has endless things to do every day.Xiao Bai naturally won't take up too much of other people's time, and ran away after talking about business.Wu Qingyuan sat alone in the office and was distracted for a while.In fact, the city has always been very concerned about the trend of the times, and also knows that Times Optoelectronics wants to do TFT-LCD projects.However, there is a big divide in the city, and many people think that the project itself is too risky, and there is a lack of technology and talent in China, and the possibility of success is not high.But who would have thought that in the blink of an eye, Times Optoelectronics and Beijing Oriental Technology jointly acquired Hyundai's related production lines and technologies.Now, when Xiao Bai came to the city, the conditions proposed would inevitably be very high.Because the initiative is in the hands of others, this time is different from the past!
But even so, Wu Qingyuan did not dare to have too much hope for the outcome of the discussion at the meeting, and there must still be many people who oppose this project.After Xiao Bai came out of the city, he saw that it was still early, and returned to the headquarters building.From Wu Qingyuan's attitude, Xiao Bai saw a lot of things.Nowadays, everyone is generally skeptical about liquid crystal display technology, and the future investment of the project is too large, and it is understandable that the city does not dare to make up its mind to come up with real money to support.But if the city doesn't support it, Xiao Bai may move the 3rd generation line to Shencheng.However, in the future, the self-built 6th generation line is estimated to be built elsewhere.For example, H Fei City?
A few days later, Wu Qingyuan made an appointment to meet Xiao Bai again."
Xiao Xiao, the city's funds are also relatively tight, we can consider providing you with a maximum of 2 billion yuan of credit support, don't think about participating in shares."
In the end, the city still adopted a more conservative strategy, Wu Qingyuan was actually very angry, but he couldn't show it in front of Xiao Bai, and he was very upset
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