My Age of Investment

Chapter 784

"What condition did he raise? As long as it's not too much, he can be satisfied."

Xia Jingxing replied calmly, at present Fuxing Industrial Holding Group's white goods brand matrix has been initially constructed, but he always wanted to win a black goods brand in his heart.

Because for the grand strategy of smart home, TV is an essential part.

As for the black electricity industry, since ten years ago, after experiencing several rounds of color TV price wars initiated by Changhong, although foreign-invested color TVs have been successfully expelled, domestic counterparts have almost died.

Today, there are only a few brands such as Konka, Hisense, TCL, and Skyworth left in the market, and the rest are either acquired by mergers or acquisitions, or become fleeting waves in the tide of the times.

In fact, he really wants to buy Changhong, the former king of color TVs. After all, he has a glorious history, and the brand value has not been completely lost. At the same time, he is still a hometown enterprise. shine.

In the 2004 financial report released by Changhong last year, it suffered a huge loss of nearly 3.7 billion yuan, setting a record for the largest loss in the history of listed companies in the Chinese stock market.

Even so, Changhong is still very arrogant. It can be seen from the refusal of Fuxing Industrial Holdings Group to acquire Meiling Refrigerator at a high price before.

Therefore, it is basically impossible for him to acquire Changhong. The resistance is too great, and the internal burden is also quite serious.

After excluding Changhong, there are not many M\u0026A targets for him to choose from.

Only Skyworth, whose boss is in jail, is most likely to be taken down by him.

"Although that Mr. Huang is now in prison, he still pays attention to the business dynamics of the outside world."

Li Ying's face was fair and delicate, and Xia Jingxing looked at each other with big black eyes.

After a while, the corners of her mouth rose slightly, her rose-like lips parted slightly, and she said with a smile, "Mr. Huang hopes that we will pay him half in cash and the other half of the equity purchase price. He wants to exchange it for the equity of Fuxing Industrial Holdings."

Xia Jingxing felt a little surprised, and asked with a smile: "Fuxing Industrial Holdings is currently a semi-finished company with only a skeleton, does he like it?"

Li Ying raised her slender swan neck, rolled up the whites of her eyes, looked at the ceiling, and said with a hint of admiration in her tone: "As I said just now, he has been paying attention to the changes in the outside world, especially the home appliance industry. You won Kelong and Little Swan in a flash, and you are full of praise."

Xia Jingxing smiled without saying a word.

Huang Hongsheng is actually a formidable figure. Together with Konka Chen Weirong and TCL Li Dongsheng, they are collectively called the "Three Musketeers of South China University of Technology" because all three are students of a certain class in the radio department of the school's 78th grade.

There are three color TV bosses in one class, which is really a bit awesome.

In November 2004, Huang Hongsheng was arrested during an operation of the Hong Kong Independent Commission Against Corruption's "Tiger Mountain Tour".

The reason for his imprisonment was that he colluded with his younger brother and mother to steal more than 50 million Hong Kong dollars from listed companies within several years.

All the money was used by Huang Hongsheng to engage in real estate development in Qiong Province.

The case was officially pronounced in Hong Kong a few months ago, and Huang Hongsheng and his brother were sentenced to six years in prison.

Huang Hongsheng felt that he had been wronged. Friends around him who were listed in the A-share market all played like this. Is it wrong that the listed company is the major shareholder's cash machine?

However, the laws and regulations of Hong Kong's securities market need to be improved a lot, and Huang Hongsheng was caught with solid evidence. It is impossible to be fined with a "500,000 maximum penalty and a ten-year ban from the securities market" like the mainland.

Fortunately, Huang Hongsheng formed a team of professional managers in advance, so Skyworth did not collapse suddenly after he, the founder and major shareholder, was imprisoned.

However, in the long run, Xia Jingxing guessed that Huang Hongsheng was still very nervous in the prison, after all he would stay there for six years, who knows if there will be any major problems in the company during this period.

And they grasped Huang Hongsheng's mentality and offered Boss Huang a good buyout price, so that he would have the capital to make a comeback after he was released from prison.

Li Ying continued: "I asked Mr. Huang, why don't you take all the cash, it's safer after all.

He told me that he has confidence in you and thinks that you are a person who can do great things. To achieve such achievements at this age, there must be something extraordinary.

He bet his hopes for the rest of his life on you. "

Xia Jingxing said with a smile: "I think he is optimistic about the future development dividend of the home appliance industry, not just me.

After Fuxing Industry Group took over Skyworth, we have four listed home appliance companies in our hands, with businesses spanning kitchen appliances, small appliances, refrigerators, washing machines, and televisions.

Looking at the whole of China, we are enough to rank among the first echelons of the home appliance industry, and we have the strength to compete for the crown that countless home appliance people crave. "

"It's true to say that, but we need to integrate our home appliance assets well. Boss Huang's choice to bet on Fuxing Industrial Group actually requires a certain amount of courage and courage."

Xia Jingxing nodded, "That's true! Now all the people in the country are not optimistic about my voice. Boss Huang can recognize heroes with his eyes, which makes me very moved.

Many people outside the prison do not have a better vision than a person inside the prison. "

Li Ying smiled, and was noncommittal to Xia Jingxing's pretense.

She continued to ask: "Then do we agree to his conditions?"

"I agree! Why don't you agree? It's just right to save some acquisition funds. Recently, the cash flow is really tight."

Xia Jingxing didn't shy away from it, and confided the truth to Li Ying. In fact, the latter also knew in his heart that the company's main funds are currently in US and A shares.

The funds for the acquisition of these home appliance companies all came from borrowing from mobile phone companies and pledging Penguin shares.

"Oh, by the way, Mr. Huang also made a request. Note that it is a request, not a condition. He hopes that we will retain part of the management team."

Li Ying expressed emotion, "He is actually full of gratitude to Skyworth's professional manager team, because those people have saved him the family business that he has worked so hard for half his life, and he hopes to find a good next home for his brothers. "

Xia Jingxing didn't reply immediately, and pondered for a while. He didn't change the management of the few companies he acquired recently, but just mixed sand in it, because the real integration work hasn't started yet, and these people need to maintain a temporary stable situation.

He never looked at the management team left by the former major shareholder with colored glasses, because ability is the most important assessment criterion for him.

As for loyalty, professional managers of modern companies do not have these standards and requirements, not to mention that several companies are listed public companies, and the major shareholder is only one of the shareholders.

The major shareholders of several home appliance companies that were acquired were all swept out. As long as they have a good mind, professional managers should be able to understand the situation and who to approach.

With the start of the integration work, Fuxing Industry Holding Group will further strengthen its control over the four listed companies, and at the same time, it will officially move to clean up and introduce some executives.

Huang Hongsheng has been in prison for more than a year, and Skyworth's management is still strong, and has stabilized the situation amidst the public opinion against Yingtian.

In the previous life, until Huang Hongsheng was released from prison, Skyworth did not encounter another boss Huang's dove occupying the magpie's nest that almost happened. At the same time, Skyworth was also developing steadily and did not fall behind too much.

It can be seen that the management is also a capable and professional person.

"You tell him that our company pays attention to those who are capable and those who are mediocre, and everything depends on ability."

Li Ying frowned, "Could it be too blunt?"

Xia Jingxing waved his hand, "If you don't change a single word, you can bring the original words to Mr. Huang. He is a smart man and can understand."

"Alright then!" Li Ying nodded heavily.