Hong Kong's new giants

Chapter 734 [Entering the Field of Electric Vehicles]

Standing in front of the window of his office on the 88th floor of the 'IFC Phase [-]', overlooking Kowloon and Victoria Harbour, Lin Zuhui always inspires his ambitions.

Money, he does have enough!
However, being able to make money represents his strength and ability, so he is still looking for investment directions for his funds.

The failure of the acquisition of the American Petroleum Company did not dampen Lin Zuhui's enthusiasm for investment. This is a very normal investment failure, and at most he will lose some consulting fees and preparation costs.

In fact, if he uses the funds to buy commercial real estate around the world and use it for rent collection, not only will he not be affected by politics, but he can also obtain stable profits and value-added.

In fact, New Era Group has been doing this all the time, but it only occupies part of the investment, and has not made full efforts in real estate.

"dong dong"

"Come in"

There was a knock on the door, and Lin Zuhui turned his head.

"boss"

Entering was Lin Zuhui's general Yuan Tianfan, who was also one of the three carriages (Chen Bin, Liang Zhenxun, Yuan Tianfan) at the headquarters of the New Era Group.

"Boss, this is the information of Nanfu Battery in the Mainland. I have already investigated it clearly!"

Lin Zuhui nodded, took the information and looked at it seriously.

[In 1999, the NP municipal government approached CICC to take the lead in raising funds for Nanfu Battery. The original five Chinese shareholders of Nanfu Battery used 5% of the current asset appraisal value of Nanfu Battery as capital, and the Singapore Government Investment Corporation , Morgan Stanley, Dutch National Investment Bank, and CICC (CDH) 69 international investment banks invested 4 million US dollars, 1000 million US dollars, more than 400 million US dollars, and more than 100 million US dollars in cash respectively to jointly establish Huaxia Battery Co., Ltd. (hereinafter referred to as Huaxia Battery Co., Ltd. Huaxia Battery), in order to hold 100% of the shares of Nanfu Battery.In Huaxia Battery, the four original Chinese shareholders hold a total of 72% of the shares, and the four international investment banks jointly hold 4% of the shares.

At that time, the mainland's main board's listing policy restricted foreign ownership to no more than 25%; and foreign parties such as Morgan Morgan refused to sell their hard-earned shares, so they could only promote Nanfu to go public in Hong Kong.But soon the listing rhythm was interrupted by China Resources Baifu.

China Resources Baifu lost tens of millions of dollars due to speculation in gold. In order to repay the debt, it had to transfer 20% of the equity it held in Huaxia Battery to a subsidiary of China Base, and sold a part of the equity to Morgan Stanley. The total shareholding exceeds that of the Chinese investor for the first time. At the same time, because this equity transfer is the first of its kind, it violates the Hong Kong listing requirements for shareholders to maintain stability within 3 years, which disrupts the pace of Nanfu Battery’s listing in Hong Kong.

In 2001, the foreign party promoted Huaxia Battery to increase capital and share on the grounds that Nanfu Battery wanted to acquire Shuanglu Battery.The Chinese capital has no money to participate in the capital increase, and the gap between the shareholding ratio of domestic and foreign capital has further widened.

This year, China Base's subsidiary will sell the 20% stake in Huaxia Battery acquired from China Resources Baifu to Zhejiang Fubon for 7800 million yuan.Morgan Stanley didn't want others to get involved in Guifu battery, so it bought back the equity for US$1500 million.

Seeing that there is no hope of going public in Hong Kong, and foreign capital has become the controlling party, the NP city government recently sold its shareholding in Huaxia Battery for US$1000 million.After a series of shareholding changes, the foreign party took full control of Huaxia Battery and 72% of Nanfu Battery. The owner of Nanfu Battery's fate became Morgan Stanley. Nanfu Battery has since become a "nation" controlled by foreign capital. Proud Brand". 】

After reading the information, Lin Zuhui asked, "I want to buy 72% of Nanfu Battery from Huaxia Battery. Do you think there is any difficulty?"

Yuan Tianfan said with a smile: "As an equity investment tycoon, Morgan Stanley's purpose is to promote Nanfu Battery to go public in the capital market, and to sell and exit at the right time to earn huge profits. Therefore, it is not difficult to acquire the shares in their hands. The key is price."

Lin Zuhui said: "According to the investment of foreign capital, the total is 5000 million U.S. dollars. How much money can be spent, so if you go boldly to contact, even if it is 1 million U.S. dollars, we have to win 72% of South Africa's battery."

He is not stupid, but he understands that the profit of Nanfu Battery will reach 8000 million US dollars in the next year, and now is the cheap time.

Of course, Lin Zuhui is also a drunkard, after all, it is just a Nanfu battery, why should he ask in person.The reason why he acquired Nanfu was to enter the field of new energy, that is, to create the 'Ningde era' in advance.

Yuan Tianfan said: "Okay, I'll go to Morgan Stanley to negotiate right away! But after the acquisition, the boss intends to continue to go public and cash out profits in the future; or is he planning to obtain a controlling stake in the operation of Nanfu Battery after the acquisition?" After finishing speaking, he endured I can't help being a little curious.

Lin Zuhui said: "It is natural to operate Nanfu Battery and turn this company into a technology company. But it is still a bit early to talk about this. Let's first win the equity in the hands of foreign investors."

He is used to calling others "foreign capital", but he does not know that Hong Kong capital is also foreign capital in the eyes of the mainland. Of course, foreign capital also has a degree of closeness.

As the boss of Hong Kong capital, Lin Zuhui is very well taken care of in the Mainland. His subsidiary Sina.com can not only cooperate with Joint Publishing to enter the publishing industry, but also acquire the "Computer News" in the Mainland.

Yuan Tianfan nodded and said, "Okay, I'll arrange it right away."

The next day, Lin Zuhui came to a villa in Pengcheng to have a party with Zou Kaixuan and his two sons.

Zou Kaixuan and his two children are naturally from Xiangjiang, but the two children are currently studying in the Mainland, because Zou Kaixuan has stayed in the Mainland for a longer period of time.

After playing with the children for a while, Lin Zuhui and Zou Kaixuan came to the study.

Lin Zuhui said: "I want Xiaomi Technology to enter the field of 'electric vehicles', so you recently established this department, the name is 'Tesla', which means paying tribute to the physicist Tesla. Establish R&D centers in the United States, Europe, Hong Kong, and the mainland."

Zou Kaixuan was taken aback for a moment, and then asked, "You mean, electric vehicles will replace traditional petrol vehicles in the future?"

Lin Zuhui said with a smile: "It's too early to talk about replacement, but electric cars will definitely become an immeasurable car force. If we end early, we can accumulate enough technology and strength in the future, and even reach the world's leading level." status."

Zou Kaixuan nodded, and said, "Okay, I support your idea, and I will definitely invest in it." She understood a truth that Lin Zuhui must be willing to spend money on any industry hand-picked by Lin Zuhui.

Lin Zuhui said: "Tesla is a car brand that needs to be registered quickly, including registration in the United States and Europe. At the same time, this is a very unfamiliar field, and mainland talents are also scarce, so I let you establish R&D globally. Center, of course I hope you will focus on supporting R&D centers in the Mainland."

"No problem, I see what you mean!"

This woman has been in the technology industry for so many years, she is already an 'veteran' and understands Lin Zuhui's thoughts.

As for Lin Zuhui, he simply wanted Huaxia to take the lead in the field of electric vehicles one step earlier.

As for funds, Xiaomi Technology has no shortage of funds. Even if it lacks funds, Lin Zuhui still has ways to let Xiaomi Technology raise funds from bank loans and stock markets, so that this company has dozens of research and development expenses every year.

Moreover, with the explosion of the "PHS" business, Xiaomi Technology will have a market capitalization of around 2500 billion Hong Kong dollars, and even 3000 billion is not a problem; just ask, does such a company still worry about having no funds?

In the previous life, UT Starcom once reached a market value of more than 300 billion US dollars with only PHS and network solutions; of course, with the withdrawal of PHS and the emergence of smart phones, UT Starcom naturally declined.

However, Xiaomi Technology's business is very extensive, and PHS is just one of the more important businesses, so the market value will usher in a big explosion in the last two years.

For entering the field of smart phones, it is naturally the first time to enter, and will not neglect.

Finally, Lin Zuhui said: "I am planning to acquire Nanfu Battery, and if it goes well, I will promote its listing. After that, I will choose to let Nanfu Battery acquire Xiaomi Technology's lithium battery business."

Zou Kaixuan naturally would not refute Lin Zuhui, but said: "No problem, I will promote this transaction at that time. However, Xiaomi Technology's establishment of Tesla electric vehicles is bound to develop the battery part of electric vehicles."

Lin Zuhui said with a smile: "There is no problem with this, just keep one department. In the future, Nanfu Battery will be changed to Nanfu Power, and will also develop batteries and solutions for electric vehicles. The two parties can cooperate."

Zou Kaixuan replied: "Well, this is a very good arrangement. Xiaomi Technology can just streamline the production system and use the funds for research and development."

This woman is indeed a very smart woman who is also very keen on the technology industry.

Lin Zuhui said: "What you said is very reasonable. The further Xiaomi Technology develops, the more it has to hand over part of the production system to the foundry and focus on research and development. Of course, the supply chain must give priority to domestic companies and support the development of the entire industry. "

The research and development costs of Xiaomi Technology have always been very high, and they have also achieved great results. Every year, the patents are at the No. 1 level in China.Because of this, this company is very cared and taken care of by the upper management, and the support is no less than that of mainland companies.

Yuan Tianfan found John, the person in charge of the Greater China Region of Morgan Stanley, and explained his intentions.

John looked pensive, and then said: "Mr. Yuan, we have been laying out Nanfu batteries for many years. During this period, we have played a role in promoting Nanfu's operation and development with our corporate transformation capabilities. Regarding this asset, We also value it very much.”

This is nothing more than a tactical negotiation, nothing more than trying to gain a negotiating advantage.

Yuan Tianfan said: "Stanley Morgan is an investment bank. Whether it is investing in Nanfu, or promoting Nanfu's operation and development, it is all for listing and cashing out. Now, because Nanfu Battery's shareholders change frequently, listing in Xiangjiang is temporarily unfeasible. So, if you cash out at this time, why not do it?"

John smiled and said: "What you said seems to make sense! However, we also have long-term investment ideas. Last year, the sales of Nanfu batteries reached nearly 1 million US dollars, which has very good benefits."

Yuan Tianfan said as a matter of course: "Because of this, Morgan Stanley will consider selling this asset. After all, as overseas brands enter the mainland, Nanfu may be affected; in addition, we will give you a satisfactory acquisition fee .Of course, Morgan Stanley has to buy all the shares of Huaxia Battery (accounting for 72% of Nanfu shares) for us.”

John said at this time: "Well, we will seriously consider this proposal, but you can raise a price first!"

Yuan Tianfan said calmly: "If that's the case, how about 7800 million US dollars!"

John shook his head and said, "The price is very low. I hope that next time we meet, you will be more prepared."

Although the two parties did not reach an agreement in the first trial, they made great progress. Morgan Stanley intends to facilitate this transaction, and New Era Group also sincerely bought the shares.

At the beginning of November, New Era Group acquired all Huaxia Battery equity shares of Mohe, CDH, Singapore Investment and other companies into one company, holding a total of 11% of Nanfu Battery, involving a capital of 72 million US dollars.

Several investment companies were eliminated after nearly doubling their profits, and New Times Group became the sole shareholder of "Huaxia Battery" registered in Xiangjiang.

After the acquisition was completed, Lin Zuhui took Yuan Tianfan and several high-level officials to the inland NP city to investigate Nanfu Battery.

"Mr. Lin, this is the chairman and general manager of Nanfu Battery, Mr. Chen Laimao Chen, and this is Mr. Lin Zuhui. I think you are familiar with it."

Chen Laimao was the factory director of Nanping Battery at the time. Later, seeing the development of alkaline batteries in the world, he recruited many investors to form Nanfu Battery, including Xiangjiang China Resources Baifu. Therefore, Nanfu Battery was a Sino-foreign joint venture from the beginning. Although China Resources Baifu is just another shell of Chinese capital.

As a result, it was precisely because the shareholders of Nanfu Battery owned other enterprises such as China Resources Baifu and Industrial Bank that Nanfu Battery later fell into the hands of foreign capital.

Chen Lai said happily: "No stranger, Mr. Lin is a businessman who loves G. This time he won 72% of Nanfu shares from foreign investors, which can be said to welcome Nanfu back."

Lin Zuhui said with a smile: "Chairman Chen has won the award, but this investment in Nanfu is a purely commercial act. But everyone can rest assured that Nanfu is a representative of Huaxia Battery and a well-known national brand. As a major shareholder, we naturally hope that Nanfu will not only Occupying the market in China also hopes that Nanfu Battery will develop overseas."

Everyone applauded, Mr. Lin Zuhui deserved to be the pride of the Chinese people, he lightly mobilized everyone's atmosphere, everyone thought in their hearts.

Next, Lin Zuhui and others visited the R&D center and workshop of Nanfu Battery.

In 2001, Nanfu's research and development expenses exceeded 5% for the first time. The research and development force included more than 450 technical and management personnel including professors, doctors, graduate students, and senior engineers, accounting for more than 40% of the total number of employees. Nanfu Technology Center was upgraded from the provincial level At the national level, a post-doctoral scientific research station has been established, and several new energy research centers have been established in cooperation with many national key universities and research institutes of the Chinese Academy of Sciences, becoming the most powerful enterprise technology center in the Huaxia battery industry, and has developed more than 20 products. With new products, new equipment, and new technology, seven scientific and technological achievements have filled the gaps in the country and reached the international advanced level. They have won many ministerial and provincial scientific and technological achievement awards, and one of them won the second prize of the National Science and Technology Progress Award.It also reserves and develops new products such as lithium batteries, fuel cells, and zinc-air batteries, forming a relatively complete "factory, learning, and research" scientific and technological innovation mechanism.

Therefore, the foundation is very thick.

The problem now is that the New Times Group has to find a way to control the management rights of Nanfu Battery. It is a bit domineering to directly ask for the management rights, which will easily cause shocks to Nanfu Battery.

The best way is to list Nanfu Battery first, and control the management of Nanfu Battery step by step through the listed company.

So after returning to the meeting room, the management of New Times Group and Nanfu Battery conducted a ventilation.

Yuan Tianfan said: "We acquired Nanfu Battery, and we are also planning to list Nanfu Battery, and thoroughly develop Nanfu Battery through listing funds."

Chen Laimao said: "Well, Nanfu has been preparing for the listing for many years. Now that New Times Group has acquired all the foreign shares, we have finally seen the dawn."

The two parties reached an agreement on this aspect, and then exchanged ideas on the development of Nanfu Battery.

During the period, Lin Zuhui also put forward his own opinion: "Nanfu Battery invests a lot in technology research and development, and the products must be top-notch domestic products, but marketing cannot be ignored. Therefore, I suggest that Nanfu Battery make a loud slogan and find another Sports star endorsement, a lot of publicity, and expand market share.”

Chen Lai said happily: "Mr. Lin's proposal is very good, he is indeed a Chinese business leader."

Lin Zuhui waved his hand modestly and said: "In fact, everyone can think of this idea. I suggest that this slogan be called 'Nanfu Battery, Huaxia Power', and we can find female football player Sun Wen to speak for it."

Everyone agreed, and they also had a good impression of the new major shareholder in their hearts. After all, everyone wanted Nanfu Battery to become bigger and stronger.

When returning to Hong Kong, Lin Zuhui said to Yuan Tianfan: "The acquisition of Nanfu Battery is just a small layout of mine. In fact, I hope to take advantage of the trend to enter the new energy industry. Have you heard of electric vehicles?"

Yuan Tianfan also hopes to invest in emerging industries, so he is naturally knowledgeable. He said, "Well, Toyota has gasoline-electric hybrid vehicles, but pure electric vehicles should have been produced in the United States as early as the 80s and [-]s, but there is no further article."

Lin Zuhui nodded and said: "Xiaomi Technology intends to enter the field of electric vehicles, so I want New Times Group to enter the field of lithium batteries, and in the future enter the field of batteries for electric vehicles. So, after you go back, you change Huaxia Battery to 'Nanfu Power ', set up the technology department of New Times Group, and when the time is ripe, acquire the lithium battery business of Xiaomi Technology and enter the field of new energy and solutions."

Yuan Tianfan said happily: "No problem!"

Lin Zuhui added: "New Times Group has a lot of cash flow and is about to generate a lot of profits every year. It's time to enter more fields. San Miguel is developing well, right?"

Yuan Tianfan said: "Well, after we took over, we have vigorously promoted and marketed this brand, and now occupy an important position in the share of mid-to-high-end beer in the Mainland."

San Miguel not only develops well in the Mainland, but also almost monopolizes Xiangjiang beer, and also enjoys a good market share in other parts of Asia, especially Southeast Asia.

Lin Zuhui said with satisfaction: "Not bad! Next, it's time to consider the low-end beer field. The acquisition of Harbin Beer is our next goal."

Yuan Tianfan said: "Harbin Beer came to Hong Kong for listing this year, and the overall performance is good. If you want to buy it, I'm afraid it will cost a lot of money."

Lin Zuhui said with a smile: "It's okay, the beer market in the mainland is so big, are you still afraid of losing money on this investment!"

"That's true. I'll do some research and plans later and report back to you."

"Row!"

Lin Zuhui has already predicted that in the next few years, the annual net profit of New Era Group will skyrocket year by year, and even in the six years from 2003 to 2008, the average net profit can reach the level of [-] billion.

This is undoubtedly a very exaggerated performance, so the money must be spent quickly.

(End of this chapter)