Rebirth: Starting from the Cafeteria

The current "Four Asian Tigers" still have something to offer, with good companies in many fields such as electronics and automobiles.

During his inspection trip to Bangkok, Fan Shilun saw both the apparent prosperity and some hidden worries.

The rapid development of Southeast Asian countries is inseparable from foreign investment and a large amount of foreign debt, but they are financially unprotected. Once foreign capital is withdrawn, it will cause a shortage of foreign exchange and a sharp depreciation of the local currency.

According to Du Shaojie, this is called the "US dollar tide", and what is left after the huge wave is likely to be a mess.

"Mr. Du, I think Bangkok's electronics industry is doing well, especially in the field of printed circuit boards, where it is very competitive."

During his visit to Bangkok, Fan Shilun focused on the electronic information and automobile industries.

Finally, he concluded that if he wanted to buy assets in the country at a low price, he could focus on the electronic information industry. He inspected two printed circuit board companies and felt that they had great development potential.

"Well, I'll go check it out in the next few days. Mr. Fan, you've worked hard these days. Come back and have a good rest, and stay in charge of the company."

Du Shaojie carefully read the investigation report written by Fan Shilun after he came back and found it very inspiring.

He then called Yu Mo and invited him to go to Bangkok.

Speaking of which, he is also a major shareholder of [Dongsheng Electronics], but he doesn't know much about professional things. Moreover, if he acquires the industry in Bangkok in the future, operation will also be a problem.

So he prefers to do this with Yu Mo.

"Ajie, I don't have that much idle funds. If we really want to make an acquisition, you should be the first choice. I can only invest a small part of the funds. You don't have to worry about the operation of the company. You can leave it to [Dongsheng Electronics] for custody."

When Yu Mo arrived in Hong Kong, he had an in-depth exchange with Du Shaojie.

That is to say, the two people have been partners for a long time, otherwise this problem would be difficult to solve. Who would dare to entrust a large enterprise to someone else for management?

"Your suggestion is good, but this is an investment and I have to cash it out sooner or later."

What Du Shaojie said is very clear. Dongsheng Electronics is Dongsheng Electronics and Dingxin International is Dingxin International. The two cannot be confused.

He acquired local companies in Bangkok in the name of [Dingxin International], ultimately for investment returns rather than long-term operations. So when the right time comes, [Dingxin International] will definitely sell its shares.

"I understand! I just can't come up with that much money for now. If you plan to cash out in the future, you can sell your shares to [Dongsheng Electronics]. [Dongsheng Electronics] will use them to lay eggs, and you will get investment returns. It's a win-win situation!"

Yu Mo couldn't help but laugh out loud. What was there to discuss? Both parties could just get what they needed.

Du Shaojie nodded, feeling very satisfied. This was also an important reason why he liked to cooperate with Yu Mo. The other party could always figure out what he needed at the first time, instead of repeatedly worrying about who was at a disadvantage and who was taking advantage.

Next, everyone flew directly from Hong Kong to Bangkok.

A group of nine people including Du Shaojie, Yu Mo, Liang Meiqin, Winnie, Wang Yongli, Luo Qin, Zou Xiaohe, Peng Yongjun and Xu Youlian stayed in the local area for half a month.

The business visit was one thing, but I also got to see the local customs and culture, and it was basically a relaxing experience.

Only Yu Mo was not very happy. To be honest, the current technical level of [Dongsheng Electronics] was not as good as the two large factories in Bangkok. When inspecting, although they were very polite, they obviously did not look down on their counterparts from the mainland.

At present, Dongsheng Electronics is already well-known in China, but it has no reputation internationally.

"Mo Mo, don't think too much. Everyone develops step by step. I believe that in the future, [Dongsheng Electronics] will definitely be among the top ten in the world."

Du Shaojie, Liang Meiqin and others took Yu Mo to eat street snacks in Bangkok and went out of their way to comfort him.

In fact, Yu Mo was just a little unhappy, but he did not lose confidence.

After eating and returning to the hotel, Du Shaojie received a call from Pang Weidong, who said that he and Xu Bo had also arrived in Bangkok and asked Du Shaojie to meet him at KTV.

Du Shaojie also wanted to see their property in Bangkok, so he took Wang Yongli, Zou Xiaohe and Peng Yongjun out of the hotel.

Pang Weidong and his team’s KTV is located in a bustling area in the city center. It is very easy to find. You can see a huge sign with flashing neon lights before you get there. The name on it translates to "Happy Palace."

The interior decoration is extremely luxurious, giving people the feeling of walking into a palace.

"Ajie, we occupy a total of six floors here. The central hall can be used for performances, and the second to sixth floors are all KTV rooms. To be honest, the investment in this store can open five KTVs in China."

Pang Weidong came over and introduced Du Shaojie and others as they walked.

This was the masterpiece of him and Xu Bo. Although they had to share a portion of the profits with the local bigwigs, the two of them had already made a fortune.

Du Shaojie couldn't help but exclaim in admiration again and again, this is truly a "gold-spending den" and a world of the rich.

Nowadays, money from all over the world is gathering in Bangkok, so naturally, players from all over the world come here to seek happiness. Therefore, the name "Happy Palace" is so appropriate, and it meets all people's imaginations of a life of luxury.

"I'll find you some beauties?" "Forget it today. I'll just sit for a while and then leave."

Du Shaojie, Pang Weidong and Xu Bo drank alone in the private room for a while.

Pang Weidong said that he and Xu Bo already had a plan to withdraw funds. It happened that many people were jealous of the business of Happy Palace, so they planned to transfer it and lock in the profits.

Du Shaojie couldn't help but look up to the two of them. According to the current booming business of Happy Palace, which is comparable to a money printing machine, not everyone can make up their mind to retreat at the peak of their career.

"It's good that you have a plan. Be careful. After all, we are on someone else's territory. Don't be careless at the last minute."

Du Shaojie had nothing much to say. Pang Weidong and Xu Bo's execution ability was terrifying. They could still make such a big fuss even in a foreign country.

He raised the issue of safety and said no more.

The next day.

Pang Weidong and Xu Bo treated Du Shaojie and others to a meal, and then the group left Bangkok and went to other cities for inspection.

This trip was worth it. Liang Meiqin and Winnie both felt that they had learned a lot, and Yu Mo was also constantly looking for his own shortcomings.

Of course, now is not a good time to discuss the acquisition. Du Shaojie and others stayed here for about twenty days and then returned to Hong Kong.

Yu Mo stayed in Hong Kong for a few days, and discussed with Du Shaojie the timing of intervention. Yu Mo was really tempted, she not only needed technology, but also a broader market.

"Ajie, I think we should start as soon as possible, at least register the company first. It's obviously not appropriate to discuss acquisition now. How about we talk about cooperation first, such as setting up a joint venture in Bangkok?"

Yu Mo's ideas are different from Du Shaojie's, and he has a sense of taking one step at a time.

Du Shaojie thought about it and felt that the other party's proposal made sense. There were many things that could be done, but some details were difficult to solve.

He then called Fan Shilun and others over to discuss this issue specifically.

"Isn't it too early to exit now? We have to consider the cost of funds and the exchange losses in the future. It is very difficult to operate and we may lose money if we are not careful."

Fan Shilun said it very directly. The current situation is equivalent to making wedding clothes for others.

He disagreed with Yu Mo's suggestion. There were many ways to obtain technology, and it was not necessary to take such radical measures. Moreover, it was still unknown whether the other party would agree to the joint venture.

"It doesn't necessarily mean you will lose money. Mr. Fan, have you ever considered taking out a loan? It is very easy to get a loan for a project in Bangkok. For example, if you invest 1 yuan in foreign currency in the local area, you can get a loan of the equivalent amount in Thai baht."

Liang Meiqin thought about it and had a different opinion.

She went to Bangkok to investigate the local financing situation. The loan threshold is relatively low, which can invisibly reduce the cost of funds. This is also a means for the local area to attract foreign investment, but it is limited to industrial investment.

"Why make it so complicated? I think it would be better to short the Thai baht when the time comes."

Winnie's idea is more radical. All the suggestions are based on the premise that the Thai baht will depreciate significantly in the future. If this premise is established, wouldn't it be more profitable to short the Thai baht when the time is right?

"I think this matter should be divided into two parts. One part is that Mr. Yu wants to obtain technology from Bangkok. In theory, this idea is not wrong, but the cost must be considered.

Another part is what impact will it have on this matter if the Thai baht depreciates in the future? Everyone has different opinions. Let's stop here for today and think about it carefully when we go back."

Du Shaojie felt that it was pointless to continue arguing like this, so he ended the meeting.

Yu Mo also felt that his ideas were not very mature, so he returned to Shenzhen.

Du Shaojie then sent Fan Shilun to Bangkok for a second inspection to clarify some details.

Yu Mo went back and called a meeting with the company's executives to discuss the feasibility of investing in and building a factory in Bangkok. If feasible, she would work with Dingxin International to discuss cooperation with local printed circuit board companies.

"It's not that we don't have bargaining chips. The bargaining chip is the huge mainland market. We will invest in building a factory in Bangkok, and a large part of the products we produce will be sold to the mainland. They will consider cooperation."

After sufficient discussion, Yu Mo finally sorted out his thoughts.

Currently, the company’s production capacity is limited and its technology is not very advanced. If it wants to break through, it must take an unconventional approach.

"Mr. Yu, the company is planning to build a new production line. If we go to Bangkok to invest and build a factory now, our funds will be stretched."

The company's financial director raised a problem, that is, the company's financial strength cannot support two projects.

"Then suspend the new production line. The production capacity in Bangkok is actually ours, we just moved it to another location."

Yu Mo's plan was basically formed, and the people in [Dongsheng Electronics] reached a consensus to give priority to investing in and building a factory in Bangkok. (End of this chapter)