Reborn in Hong Kong as a Tycoon

Chapter 398 Venus TV Company (Two in One)

On the night of Thursday, February 2, Lin Baicheng's private plane landed at Boston's airport.

Isabella and Bill Harveys had already brought the team from Los Angeles to Boston, so they took people to the airport to meet them.

Although the distance between Los Angeles and Boston is quite far, Lin Baicheng's extended Lincoln was driven over ahead of time, so after leaving the airport, Lin Baicheng greeted Isabella and Bill Hawes to sit with him in the extended Lincoln and Qin Lan, the private secretary, naturally also followed.

Many cars parked outside the airport drove away together, heading for Lin Baicheng's villa in Boston.

As the car was driving, Lin Baicheng said to the two assistants: "The people from Goldman Sachs should be in Boston, right?"

"It's been here for two days."

It was Isabella who answered aloud: "Mr. Thomas is leading the team. They should rest in the hotel now."

Nodding his head, Lin Baicheng said, "Show me the information after due diligence."

The information was placed in Bill Harveys' briefcase, and he immediately took it out upon hearing the words.

On the way to the villa, Lin Baicheng looked at it seriously.

These are the relevant materials of General Electric’s TV department. The company has a variety of TV technologies and patents. Although the TV technology is not the most advanced, it is not far behind. The company’s products are still very good in the middle and low end. market, and is one of the leaders, otherwise General Electric's TV division would not have sold at a high price of more than 1 million US dollars.

The company not only has North American channels including the United States and Canada, but also has cooperative channel providers in Europe. Although not all countries have access to them, and these channels are all in cooperation with channel providers, it is enough to show that the company’s channel expansion is strong. It's pretty good.

The company has a large factory in Boston. If the production line is at full capacity, it can manufacture more than 100 million TVs per year. Unfortunately, since the factory was completed, the production capacity has exceeded one million per year in the first few years, and then it has not reached it. The annual production capacity is 100 million units.

In the past 1978, the company's profit was just over 1000 million US dollars.Although the sales volume of TVs is very large, the company is currently engaged in the low-end market, and the profit of mid-end products will not exceed 15%, let alone low-end TVs, so it is a typical example of high revenue and low profit.

In fact, if the company's annual profit is more than 1000 million US dollars, the price of 1.15 million US dollars negotiated by Lin Baicheng and General Electric is not high, after all, the company still has a lot of assets.

However, in the absence of capital investment, the company's TV technology will become even more backward in two or three years at most. At that time, the company's products can only make a living in the low-end market. Profits will only be lower.

After a few more years, the existing technology is likely to fall behind. At that time, the TVs produced may not be competitive at the low end, and it will not be so easy to make money.

Therefore, if you want to maintain the company's annual profits, you must invest in development funds for the company. Therefore, the price Lin Baicheng offered was not low, and he did not find a bargain.

Time passed, after the car arrived outside the villa, Lin Baicheng was almost finished, and a group of people walked into the villa.

"Bella, please contact Mark and ask him to come over."

Lin Baicheng said to Isabella, then sat down on the sofa in the living room, and continued to read the documents.

"Yes, BOSS!"

Isabella responded and walked towards the landline phone.

The Mark that Lin Baicheng said is of course Mark Raymond, the manager of the TV department of General Electric. He chose to work for Lin Baicheng after the company was acquired by Lin Baicheng. The title of vice president of the company Jinxing Electric.

After a while, Lin Baicheng had finished reading the materials, but he did not immediately chat with Isabella and Bill Hawes about the TV company, but chatted with them about other companies.

Lin Baicheng only left the United States last month, so the companies under his name have not changed much.

Among several companies, if there is a company with more important changes, it should be Morningstar Films. One of the three films invested by Shirley Lansing has been released, and it will be released on Friday, the 2nd of this month. .

After all, it is only a low-budget film, the release schedule is not good, and the premiere screen is only more than 100 yuan, the box office of the first weekend is not a big hit, and there is no possibility of becoming a dark horse at the box office.Fortunately, the box office performance is not bad. In terms of the investment cost of the film production and publicity, it is expected that the box office will be able to recover its capital and make a small profit.

And if the box office of the film can return its capital and make a profit, then the peripherals such as video tapes and overseas income will be pure profits.Although the films with low box office and peripheral results will not be too good, but after all, it is only a small investment, and it is good to make money.

Furthermore, Apple completed financing on the last day of last month.

Apple’s pre-financing valuation was finally set at $9500 million. Goldman Sachs, Elephant Capital and Logan Rockefeller jointly participated in the financing. The lead investor was Goldman Sachs, and Elephant Capital and Logan Rockefeller each obtained 5% of Apple’s shares. .

This time, Apple took out 20% of the shares for financing and obtained US$1900 million. However, Mike Markkula sold some shares, so Apple only received 17% of the financing amount in cash, which is US$1615 million.

Before the financing, Lin Baicheng held 30% of Apple's shares. After the financing, his shares were only 27%, and he had to come up with 285 million US dollars in cash.In other words, his total investment in Apple has increased by US$285 million, and he has invested a total of more than US$500 million.

After the financing, Apple's valuation reached about 1.1 million US dollars, at least Goldman Sachs, Elephant Capital and Logan Rockefeller recognized this valuation.

In terms of valuation, Lin Baicheng's current 27% stake is valued at nearly 3000 million US dollars, which is more than five times the investment of more than 500 million US dollars. It has been more than a year, and this rate of return is not low.

Of course, Apple still has to speed up its own development and at the same time welcome the giant IBM that is about to enter the personal computer market. Only by surviving under the suppression of IBM's competition and continuing to grow at a high rate can Apple have a future. The shares on the stock will become more valuable.

Because IBM may enter the personal computer market in advance, Lin Baicheng is now not sure whether Apple, which was successful before rebirth, will continue to be successful in the future. What he can do is to support Apple as much as possible and do his best to let his shares It will not depreciate, or even become worthless.

Time passed slowly in the chat between the three, until Mark Raymond came to the villa.

After saying hello, Lin Baicheng said to Mark Raymond: "Mark, I want to move the TV company's factory to Xiangjiang, what do you think?"

After hearing this, Mark Raymond asked: "BOSS, why did you move the factory to Xiangjiang? The company's factory is ready-made, and the employees are skilled workers. The main market for the company's products is In North America, the domestic market is the main market. If the factory is in Boston, it will be relatively convenient to ship to other places in China. If it is not necessary, I personally do not agree to move the factory to Xiangjiang.”

"Of course I have my considerations for moving the factory to Xiangjiang."

Lin Baicheng said aloud: "Moving the factory to Xiangjiang is nothing more than to save costs, improve product profits, and market competitiveness."

"I've read that the average salary of employees in the company's factory is about US$270, while the average salary of factory employees in Xiangjiang is less than US$150. The average salary of employees alone can save US$120."

"There are more than 7000 employees in the factory. If each employee saves 120 US dollars in salary costs per month, it will be 90 million US dollars, and it will be more than 1000 million US dollars a year."

"Although after moving the factory to Xiangjiang, there will be an extra shipping fee to ship the products to the United States, the shipping fee will not cost more than 1000 million US dollars, and at least 700 million US dollars can be saved. cost."

"What's more, I've had someone check it out, and the raw materials in Xiangjiang will be cheaper, so the cost of the TVs produced will naturally be lower, which will increase profits in disguise."

"You said, with these benefits, should I move the factory to Xiangjiang?"

"If this is the case, it is indeed necessary for the factory to move to Xiangjiang."

Mark Raymond nodded immediately when he heard this. As a qualified professional manager, saving costs for the company is what he has to do. As for what to do with the increased unemployment rate caused by moving the factory, these are not in his consideration at all.

"However, BOSS, your contract with General Electric stipulates that a large number of employees cannot be dismissed without reason within six months, so even if the acquisition is completed and the company is under your control, you cannot move the factory to Xiangjiang for the time being."

"I know this, I didn't think about moving the factory to Xiangjiang right away."

Lin Baicheng nodded to express his understanding, and then said: "You can wait for three months first, and then move part of the production line to Xiangjiang, and then pay half salary to the unemployed employees. If they leave by themselves, it has nothing to do with the company. After half a year, you don’t need to move the entire factory, but you can also move a part of the production line to Xiangjiang, so it will take a year to move the factory to Xiangjiang, and you have to do this work well.”

Mark Raymond responded immediately: "Boss, don't worry, one year is enough to move the factory to Xiangjiang. Although the move is slower, it is not easy to cause accidents."

Lin Baicheng continued: "After the two parties complete the signing tomorrow, the company will become a Jinxing TV company. The main markets of the company's products are the United States and European countries, yes, but Xiangjiang Southeast Asia and other places are also the direction of expansion. I will let my The assistant will set up the branch over there, and the management is still in your hands, I hope your ability will not let me down."

"Boss, don't worry, I will definitely not let you down!"

Mark Raymond immediately said that no matter whether he can do well or not, he must say so now, otherwise he will definitely be kicked out of the company.

"Then I'll wait and see."

Lin Baicheng nodded. How capable Mark Raymond is, he will know after the whole year of 1979.If Mark Raymond can't develop the company to his satisfaction, no matter how good Mark Raymond says now, it's useless, he will definitely change people by then.

After another conversation, Lin Baicheng let Isabella, Bill Hawes and Mark Raymond leave.

The next morning, Lin Baicheng and others led the team to the General Electric headquarters.

The people from Goldman Sachs arrived earlier than Lin Baicheng and the others, and the leader was Wade Thomas. This is his performance. Of course, it is impossible for Wade Thomas not to come.

The two parties had already negotiated the price before, so the two parties drew up the contract, and signed the contract after their respective teams confirmed that there was no problem with the contract.The money has already been placed in Goldman Sachs' account, and when both parties sign off, Goldman Sachs will transfer the funds to General Electric.

The US$1.15 million was Lin Baicheng’s purchase price for the entire TV division of General Electric, but Goldman Sachs’ entrustment fee was also included, which totaled US$500 million, which added up to an expenditure of US$1.2 million.

The entrustment fee of US$500 million is actually not high. This is because General Electric actively contacted Goldman Sachs. Goldman Sachs did not use too many resources, so the entrustment fee was not much.

If Lin Baicheng entrusts Goldman Sachs to acquire a company that needs public relations, the White House or a certain department, the fee will be high. If the market value of the acquired company is not low, the fee may be tens of millions of dollars.

After the two parties completed the transaction, the first thing that Mark Raymond, the manager of Gold Star TV, did was to move the company's office to the place rented by Isabella. office.

Fortunately, it took time to move the office. The two parties agreed in advance to give a week to move out. Mark Raymond had plenty of time to do it well.

Venus TV Company is going to move the office, of course Lin Baicheng can't stay to do this, he left Bill Harveys to assist Mark Raymond.

At noon, Lin Baicheng invited Wade Thomas to the villa for dinner, and at the same time asked him about the technology and patent acquisition of other home appliances.

Wade Thomas told Lin Baicheng that Goldman Sachs is currently negotiating with several companies and communicating with companies with advanced technologies and patents to see if they can acquire advanced technologies for Lin Baicheng.

After hearing this, Lin Baicheng said that time cannot be entrusted for too long. If you have better technology, it is best to buy better technology. You can give a certain premium on the price, so it is like spending money to buy time.

In the afternoon, Lin Baicheng went to meet with the future middle and senior management of Jinxing TV Company, and said a few words of encouragement.

That night, Lin Baicheng took Isabella and others to Los Angeles by private plane.

Lin Baicheng did not leave the United States immediately to return to Xiangjiang, he still has some things to explain.

However, Lin Baicheng will not stay in the United States for too long this time, he will return to Xiangjiang before his birthday, and this time his birthday will be held in a big way.And since he was going back to Xiangjiang to celebrate his birthday, Lin Baicheng would definitely have to go back a few days earlier to celebrate Zhong Chuhong's birthday, after all, Zhong Chuhong's birthday was only two days earlier than his.

It doesn't make sense for Lin Baicheng to hold a special event for his own birthday, but tell Zhong Chuhong that he has no time to go back to Xiangjiang to celebrate her birthday. This is a bit unreasonable.

(End of this chapter)