Rebirth of England.

Chapter 593 BYD

In this time, United Energy Group and EDF Group jointly acquired British Energy Group, and in the process of their acquisition of British Electricity Distribution Company, a subsidiary of EDF Group, United Energy Group needed to come up with a total of 100 billion pounds of funds.

These funds come from bank loans and financing.

The 50 billion pounds for the acquisition of British Electricity Distribution came from a loan from Standard Chartered Bank; and the 50 billion pounds needed to acquire British Energy Group together with Electricité de France was paid by the British government's relevant public funds purchasing 50 billion pounds of corporate bonds from United Energy Group.

At the same time, after the results of the acquisition of British Energy Group were announced, the stock prices of both United Energy Group and EDF Group rose accordingly - this can also be seen that the market is still very optimistic about their acquisition this time. .

In fact, United Energy Group's debt is already relatively high now. Not only have they made a number of acquisitions in succession, but they have also launched a series of major projects, including projects at some refining and chemical bases in Colo, China and India.

However, these liabilities of United Energy Group mainly come from bank loans. Speaking of which, it is more cost-effective to use pounds for loans now, because in the next few years, the pound will continue to depreciate, which means that United Energy Group For those projects that the group invests in overseas, the profits earned will be able to enjoy a considerable exchange rate difference when they are converted back into pounds for repayment.

Not only United Energy Group, but also many companies controlled by Barron are trying to expand the scale of overseas industries through sterling loans as much as possible before this.

After this, Barron left London and went to China.

This time Barron's trip to China is relatively high-profile. The Devonshire will first land at Yanjing Airport, where he will receive a meeting with the boss.

This is not surprising, after all, Barron's current status cannot be kept low when he comes to China.

Not to mention his ability to save money as the Duke of England, his influence in the global business community alone - think about Bill Gates, Rupert Murdoch, and even later Apple CEO Cook and Tesla boss Musk coming to China You can understand the treatment at that time.

You must know that Barron's energy and net worth are stronger than any of these people.

Of course, the reason why he is valued by China is not only that the relationship between the two parties has been greatly strengthened after Brown took office, but also that he did not come empty-handed.

First of all, in addition to the large-scale refining and chemical project in Guangxi Province with PetroChina, United Energy Group will also cooperate with Sinopec to invest in another oil refining project in Liao Province, which will also involve more than 20 billion Sterling investment.

In addition, Four Seasons Cavendish Hotel Group, O2 Telecom and Gucci Hermès Group will also expand investment in China.

After meeting with the big bosses of China, Barron went directly to the Shenzhen market.

"Nice to meet you, Mr. Wang."

“I would also like to thank His Royal Highness the Duke for his optimism about our company and hope that our cooperation will be successful.”

"Most definitely."

In Shenzhen City, Barron met Wang Chuanfu, the boss of BYD Company. Accompanied by him, Barron visited BYD's headquarters and car and battery manufacturing plants.

Yes, before that, Finn Hudson, CEO of Global Industrial Investment Fund, had come to Shenzhen Stock Exchange and proposed to Wang Chuanfu to invest in BYD. It can be said that at that time, BYD had not yet achieved unprecedented success in new energy vehicles. Although BYD had already occupied a dominant position in the global battery field, after the unexpected announcement of entering the automotive industry, Wang Chuanfu's decision was not understood by many people.

And until now, BYD is still not successful in automobile manufacturing.

As a world-renowned investor and a super-rich owner of British Automotive Group, a car group that owns many well-known car brands, Barron is willing to invest in BYD, which can indeed give Wang Chuanfu some support.

However, this time, it is not the Caesar Fund that owns the British Automobile Group that will invest in BYD, but the Global Industrial Investment Fund. This is not irrelevant. Honor Electronics, owned by the Global Industrial Investment Fund, is itself a major shareholder of BYD. One of the customers.

According to the agreement they reached, GII Fund will purchase 8% of BYD's shares at a price of 1 Hong Kong dollars (approximately US$10) per share, with a total investment amount of approximately US$2.3 million.

Through this investment, GII Fund has also become one of BYD's major shareholders.

Of course, Barron also knows that he is not the only one who is interested in BYD. In his previous life, Buffett would invest in BYD in September this year. However, this investment is not because Buffett is optimistic about BYD, but because he is optimistic about BYD. The decision was made based on the strong recommendation of partner Munger.

At that time, Buffett's investment brought him huge returns. The BYD stock he purchased for 8 Hong Kong dollars per share later rose to more than 200 Hong Kong dollars per share.

But now, this investment opportunity has been blocked by Barron's - with the investment of the GII Fund, BYD does not need to accept investment from Berkshire Hathaway in the future.

After all, although Buffett's influence in the investment world is huge, Barron at this time is not much weaker than him.

After leaving BYD, Barron also visited Honor Electronics' production base near Shenzhen.

The scale of this production base is already relatively large. In this production base, Dopod mobile phones and some Honor Mate mobile phones are mainly assembled.

Since the launch of the Mate 1S before Christmas last year, its global sales have exceeded 1 million units so far. It can be said that this is a huge leap in sales compared to Honor Electronics' first smartphone, the Mate 500.

This is also the reason why Honor Electronics continues to expand the scale of their production base.

In addition, Honor Electronics is about to launch the Mate 2 mobile phone. In the Mate 2 mobile phone, the proportion of mobile phone components produced in China will be increased. Therefore, in addition to Honor Electronics' production base, some upstream component manufacturers that they have invested in and supported will also concentrate their production bases here.

At present, these mobile phone components are mainly used in Dopod Smart 1, which greatly reduces the cost of this mobile phone and makes it very competitive.

"We are also supporting suppliers in the research and development of touch screens. The progress is good at present. I believe we will be able to use domestic touch screens soon..."

The person in charge of Honor Electronics here introduced to Barron:
"However, in terms of quality, there is definitely a certain gap compared with touch screens in Japan and South Korea. Therefore, these touch screens will first be used on low-end models of Dopod mobile phones, such as Honor mobile phones, which still need to be purchased from Sharp, Samsung and others. Manufacturers come to purchase touch screens.”

Speaking of which, touch screens are really important to smartphones, and they also account for a large part of the cost of mobile phones. Therefore, as the sales of Honor Electronics mobile phones increase, they have always hoped to have a stable touch screen supplier - after all, they supply one of them. Samsung and LG in the business sector are also considered competitors of Honor Electronics in the field of mobile phones, so they need to be prepared for a rainy day.

(End of this chapter)