Perfection of Rebirth

Chapter 869 Sanyo
There is nothing wrong with saying that the development of an enterprise must be down-to-earth.

However, the development of an enterprise must seize the opportunity and rapidly expand its scale, which is not wrong.

As an electrical appliance company spanning semiconductors, small motors, refrigerators, televisions, cameras and other products, Sanyo has many things that Guanghui Group really needs.

Of course, Jiang Hui is not very interested in businesses such as refrigerators, washing machines, and televisions, but so many home appliance companies in China must be happy to take over this content from Guanghui Group.

For Brilliant Motors, Sanyo's motors are very famous, and it is also a technology that Brilliant Motors is eager to master.

Whether it is traditional fuel vehicles or future electric vehicles, the demand for motors is very strong, especially in the era of electric vehicles, batteries and motors are the core technologies.

Sanyo has both battery and motor technology, and ATL under the Guanghui Group is also a big player in the battery field. Together, it is believed that Guanghui Group should be able to take a large part of the battery business in the field of electric vehicles in the future.

At least Brilliant Auto's own batteries definitely don't need to be purchased.

For an electric car, the most expensive thing is the battery, and it can even be said that you buy the battery and give it to the car.

The most important thing for Panasonic to become a leader in the field of electric vehicle batteries in later generations is that after the acquisition of Sanyo in 2008, it obtained Sanyo's battery technology. Otherwise, Tesla probably would not find Panasonic as its battery supplier in the future.

Similarly, Sanyo's camera business and semiconductor business can also find a place to play in the brilliant car, and there is even more room for development in the brilliant mobile phone.

Now Guanghui Automobile and Guanghui Mobile do not use Sanyo's products, not because Sanyo's products are not good, but using Sanyo is not the best choice for Guanghui Group.

But if Sanyo becomes a subsidiary of Guanghui Group, the situation will be completely different.

At that time, I wonder if Goldman Sachs will regret selling Sanyo at a low price?

"No matter how big a company is, once it can't keep up with the times, it will be eliminated very quickly," Jiang Hui thought while listening to Tang Wenwen's introduction of Sanyo's situation.

"In 2004, the semiconductor factory of Niigata Sanyo Electronics, a subsidiary of Sanyo Electric, was hit by an earthquake. Because it was not insured, it caused a loss of about 500 billion yen (about 25.95 billion yuan), and it was burdened with huge debts. Sanyo once Blame the crisis on this natural disaster, but it cannot avoid mistakes in the process of business transformation."

"In November 2005, Sanyo announced that it would gradually transform from a comprehensive home appliance manufacturer to a technology company focusing on green energy businesses such as rechargeable batteries and solar power generation, as well as mobile communication businesses such as mobile phones, and greatly reduced the white goods business.

Problems followed one after another: Sanyo’s most important source of profit, the mobile phone business, lacked innovation, and its market share was constantly eroded by brands such as Sony, Panasonic, and Samsung.”

"In December 2006, due to battery quality problems, Sanyo announced the recall of 12 million mobile phone batteries. In March 130, Lenovo and the US Consumer Product Safety Commission jointly announced that they would voluntarily recall 2007 lithium batteries for laptops produced by Sanyo.

Since then, Sanyo's businesses have been split up one by one. In May 2007, General Electric acquired all the shares of Sanyo Electric Credit Company; in January 5, Kyocera acquired Sanyo's mobile phone division..." Tang Wenwen briefly explained the situation facing Sanyo to Jiang Hui.

"Mr. Guan, have the funds from Guanghui Investment been in place?"

The soldiers and horses have not moved food and grass first. Since they are going to buy Sanyo, they must prepare in advance where the funds will come from.

As the company with the most cash in Guanghui Group, Guanghui Investment has used the funds obtained from the sale of Tudou and other shares in the past two years to continue tossing in the stock and crude oil futures markets. Now it has become an invisible giant with assets exceeding 200 billion US dollars. up.

"At present, we have prepared one billion US dollars in cash, and another 50 billion US dollars in oil futures contracts can be cashed out at any time."

Tang Wenwen, Zeng Qingying and others were shocked when they heard Guan Weidong's words.

Although they, as executives of the Guanghui Group, more or less knew that there was a mysterious financial department in Guanghui Investment, but no one thought that this obscure financial department held such a huge amount of funds.

The US$2008 billion in 60 is quite different from the US$60 billion ten years later, and the purchasing power is not at the same level.

It can be said that in the entire Chinese dynasty, there are companies that have the ability to directly spend 60 billion US dollars of their own funds in a short period of time without resorting to banks, and they can count on one hand.

In the previous life, Panasonic spent more than 60 billion US dollars on the acquisition of Sanyo as a whole, but this money was not taken out at one time.

Therefore, Guanghui Investment has prepared a billion dollars in cash, which is basically enough for Jiang Hui to play.

After the acquisition is really negotiated, it is enough to pay other funds step by step.

"This time Goldman Sachs took the initiative to come to the Imperial City to negotiate with us and help us meet with the other two major shareholders. This time we can only succeed, not fail, and I hope that the acquisition of Sanyo will be the beginning of Guanghui Group's 2008 shopping trip, and we can have a good start." Jiang Hui looked at Guan Weidong and Tang Wenwen and said.

The three major shareholders of Sanyo—Goldman Sachs Group, Daiwa Securities, and Sumitomo Mitsui Banking Corporation, except for Goldman Sachs and Guanghui Group who are relatively familiar, the other two Jiang Hui are only known by name, but they don’t even know where to open each other’s doors. knew.

Needless to say, Goldman Sachs Group, the top capital tycoon on Wall Street, holds shares and high-quality assets in many companies around the world.

In Tianchao, Goldman Sachs maintains good relationships with major banks and large enterprises, and shuttles among them as consultants, partners, and investors.Of course, some market participants pointed out that the reason why Goldman Sachs has repeatedly succeeded and reaped huge profits, in addition to the "connection" factor, is also related to the fact that the market is in its infancy, supervision is not yet sound, and market participants are less mature.

Goldman Sachs spent about US$2006 billion as a strategic investor in 25.8 to purchase a 7% stake in ICBC.Subsequently, ICBC was listed on the Shanghai stock market and Hong Kong and Hong Kong. While its business performance improved steadily, the overall strength of ICBC continued to increase.It ranks first in the global financial industry in terms of asset scale, core capital, total deposits and company market value.

Over the years, Goldman Sachs' influence in China has also become very extensive. Of course, as one of the representatives of Wall Street in the United States, Goldman Sachs' influence in the island country should not be underestimated.

You must know that the island country can be said to be an economic colony of the United States. Financial investment institutions such as Goldman Sachs and Hong Kong Holdings Limited hold shares in many listed companies in the island country, and their influence cannot be ignored.

(End of this chapter)