Rebirth: Starting from the Cafeteria

Time flies.

As the impact of the financial crisis deepened, Deshixin Technology Co., Ltd. ran into problems with its capital chain and requested to suspend the joint venture project in exchange for transferring its technology to Dongsheng Electronics for US$1.

Yu Mo and Fan Shilun did not force each other too much. They gave each other three months and agreed to each other's plan.

Deshixin Technology is now in trouble because of the lack of foreign exchange, the import of raw materials is blocked, and the operating costs are soaring. The sudden financial crisis has affected many banks in Bangkok, and their financing capacity has dropped sharply.

In fact, it is not just Deshixin Technology Company. A large number of local companies are in trouble.

"Mr. Du, the first phase of our joint venture project in Bangkok has been completed. We have encountered many difficulties in the subsequent trial production, but we should be able to overcome them."

Fan Shilun called and reported the situation in Bangkok to Du Shaojie.

He has been staying there during this period. Although he is not involved in the operation and management of the factory, he has provided a lot of help for the trial production of this production line.

Fortunately, the funds for the first phase of the project have been in place long ago, otherwise we might not even be able to organize trial production.

"Thank you for your hard work! Let the factory management handle the rest. Mr. Yu has already made arrangements for this, so we don't need to worry about it. Your only task is to execute the established plan and look for opportunities for acquisition."

There are no problems with the trial production, and there will be no problems with the subsequent mass production.

Fan Shilun said the factory had stockpiled various raw materials in advance, enough to support at least three months of mass production.

Du Shaojie is more concerned about taking advantage of this opportunity to acquire a PCB company. There are several good PCB companies in Bangkok, and if Deshixin Technology can't survive, it will also be acquired.

He estimated that the joint venture project between Dongsheng Technology and Deshixin Technology had almost come to an end, and the other party would definitely not be able to fulfill the investment agreement for the subsequent second and third phase projects.

Of course, Yu Mo was the one who made the final decision on this matter.

[Dingxin International] provides manpower and money, but they are not experts after all, so some matters are still mainly handled by [Dongsheng Electronics].

Du Shaojie and Qi Yan's families had already left Hong Kong. Du Shaojie and Qi Yan took their daughter to travel around Singapore, Malaysia and Thailand before returning to Guangzhou together.

[Beichen Education] After going public, the development speed has not slowed down, but has shown an accelerating trend.

Qi Yan resigned from the position of general manager of the company and only served as the chairman of the board of directors. Finally, he had more time for himself.

In the past few months, she and the little one have basically been with Du Shaojie. Occasionally, she would fly to Beijing to handle some official business and return to Guangzhou within a few days.

"Hong Kong's property market has plummeted. How many people will be ruined by this? Look, this movie star has gone bankrupt. It shows that the situation is really not optimistic."

The financial crisis started in Bangkok and then swept across Southeast Asia, and Hong Kong was not spared.

The property market plummeted, the stock market plummeted, and even the foreign exchange market began to be in crisis.

Qi Yan has been concerned about Xiangjiang's affairs recently, mainly because of the share price of [Beichen Education]. It's just a pity that under such a big environment, the share price of [Beichen Education] has also suffered setbacks.

"The most dangerous moment has probably not come yet. You should also be prepared. I'm afraid that secondary financing will not be possible for a period of time."

Du Shaojie had anticipated the current situation, but when he was in the situation himself, he still felt a sense of fear.

He suggested that Qi Yan make arrangements early as the next period of time might be difficult for everyone.

"Yes, it's time to take some measures. Husband, my daughter and I will return to the capital in a few days. Please take care of yourself."

In this extraordinary period, Qi Yan plans to return to the company to take charge.

She did not take Du Shaojie with her to Beijing because she knew that this storm was both a challenge and an opportunity for her man, and he still had a lot of things to deal with here.

The couple were separated again and became busy again.

Du Shaojie, Pang Weidong and Xu Bo came to Hong Kong and started buying properties at low prices in a panic.

Pang Weidong and Xu Bo purchased the residential and office buildings respectively, while Du Shaojie bought the upper and lower floors of the original office building in the bankruptcy auction of another company.

The three floors of office buildings are connected together and now belong to the assets of [Dingxin International].

In addition, Du Shaojie also took the opportunity to buy several storefronts and will re-arrange stores such as [Xichuan Restaurant], [Seafood House], [Xiangweiju] and [Sushuweixiang Hotpot].

After the layout is completed, each store no longer needs to rent other people's storefronts, and can use all of Dingxin International's own storefronts.

All industries are in recession during this period, and renting a storefront owned by one's own family can keep the rent to the lowest level.

After finishing these things, Du Shaojie, Liang Meiqin, Yu Mo and others flew to Bangkok.

Deshixin Technology Company has officially notified [Dongsheng Technology] that they will be unable to continue investing in the joint venture project and are willing to transfer their shares in the joint venture at a low price and withdraw completely.

Liang Meiqin and Yu Mo will personally lead the team to negotiate with the other party this time, and propose an acquisition plan in the name of [Dongsheng Technology]. Du Shaojie does not participate in the negotiations, but he is the final decision maker behind the scenes. He personally went to Bangkok to take charge, and it is obvious that he is determined to acquire [Deshixin Technology Company].

"Finally we've come this far!"

The boss of Deshixin Technology Company had long anticipated that the company would no longer be able to hold on and would either file for bankruptcy or be acquired.

Now is not the glorious time for the company, and it may not be difficult to find a buyer even if it is sold at a discount. He has little time left, and in fact he does not have much room for bargaining.

Liang Meiqi and Yu Mo negotiated with the people from Deshixin Technology early every morning, and eventually turned the joint venture into their own wholly-owned company at a cost of US$320 million.

The two of them promised not to pursue Deshixin Technology's liability for breach of contract and signed an agreement.

Deshixin Technology Company was very satisfied. Although it only got back half of the money it invested, the other party agreed to settle in US dollars and waived the huge penalty.

Speaking of which, they also have to thank Liang Meiqin and Yu Mo.

The acquisition negotiations were much more difficult. Deshixin Technology was determined to sell at a good price, and the two sides were arguing every day. In the end, Yu Mo and Liang Meiqin simply stopped showing up and left the negotiations to their subordinates.

"Momo, Meiqin, we have to be patient. It's not us who are anxious now, but Deshixin Technology. I found out that they have another US dollar loan due next month. If they default, the consequences will be very serious."

Du Shaojie has been busy these days. He quickly established good personal relationships with some senior executives of Bangkok First Bank.

A lot of information is provided by these people. They have been working in the financial industry for many years and have strong connections.

"Oh? Ajie, you are really amazing. You can find out such information. Miqin, starting from tomorrow, we will take turns to participate in the negotiations. We have to put some pressure on them appropriately."

Yu Mo is very determined to take over [Deshixin Technology Company]. The current opportunity is once in a century and must be seized.

Liang Meiqin understood what he meant and couldn't help but smile.

In the following negotiations, Yu Mo and Liang Meiqin changed their usual gentle style and became aggressive. Time is of little significance to them, and a little time cost is still affordable.

But time is a test of life and death for Deshixin Technology. If they delay any further, they may be forced into bankruptcy.

"As expected, those who come with bad intentions will not be welcomed by those with good intentions! Forget it, agree to their terms. We can't afford to delay any longer."

The boss of [Deshixin Technology] sighed to the sky, saying that if he was forced into bankruptcy, his losses would be even greater.

Finally, [Deshixin Technology] sold the entire company to [Dongsheng Technology] for $7900 million, which means that [Dongsheng Technology] achieved full control of the company without leaving any tail.

That night.

Du Shaojie, Yu Mo, Liang Meiqin and others held a cocktail party at the Hilton Hotel to celebrate the successful completion of the acquisition.

Many prominent figures from the local financial and industrial circles came. Pang Weidong and Xu Bo even flew over to participate in the celebration and introduced several powerful local leaders to Du Shaojie and others.

"Mr. Du, congratulations! You are the final winner. I can go back to the countryside to retire now."

The boss of Deshixin Technology Company also came. He was a man in his 50s and looked very well-educated.

Although he fell in this financial crisis, he still has a huge fortune and cannot be considered a loser. He has a manor in the country, which covers a large area, and he can still enjoy the most luxurious life when he returns.

"Thank you! Thank you for your generosity and for giving us a chance. I heard that your country estate is very beautiful. If it's not too much trouble, I think I'll go and visit you."

"Welcome! Very welcome!"

The two men shook hands and went about their business.

Du Shaojie and the other party were not enemies, and of course they were not friends either. It was inevitable that Deshixin Technology would end up like this. Du Shaojie and others acquired it, and the price they offered was fair.

If it waits until bankruptcy, the boss of Deshixin Technology may not even get half of the acquisition price.

Liang Meiqin and others completed their mission. Except for sending someone to serve as the financial director and administrative director, all other matters were left to Yu Mo.

Yu Mo's task was to quickly resume production and completely reorganize the company's management structure. Technical personnel and front-line workers were temporarily retained, and half of the middle-level managers were retained after screening, while all senior managers were dismissed.

The vacancies in management positions will be transferred from China with the aim of taking control of the company as soon as possible.

As for the second and third phases of the joint venture project, they will be shelved indefinitely until they have completely digested [Deshixin Technology Company].

"Shaojie, you are still far-sighted. This time, we successfully acquired [Deshixin Technology] and it only cost 7900 million US dollars. If it had not been a year ago, it would have cost at least 1.2 million to 1.5 million US dollars."

In order to reward the negotiation team for [Dingxin International], Du Shaojie specially chartered a business jet to take everyone back to Hong Kong. (End of this chapter)