Perfection of Rebirth
Chapter 881 you come and I go
Chapter 881 you come and I go
The early development of Guanghui Group was mainly based on the Internet. In the field of the Internet, one can be regarded as an old employee after thirty, and even a little out of step.
However, as Guanghui Group gradually entered the real industry, especially the manufacturing industry, the shortcomings of Guanghui Group's lack of foundation were gradually magnified at this time.
No matter it is Brilliant mobile phone or Brilliant Automobile, experienced grassroots engineers are actually needed. However, in China, experienced people often take up management positions, and say goodbye to technology from then on.
And young people lack experience. It is really rare for a company like Daoguo to have a large number of middle-aged and elderly grassroots engineers. Even in large old state-owned enterprises, it is difficult to find a group of old engineers who really work. easy.
So in fact, Bilson's words reached Jiang Hui's heart unintentionally.
Although Jiang Hui bought Sanyo mainly because of his battery and motor technology, Sanyo's thousands of engineers are indeed a very valuable asset.
And this wealth is often underestimated in the acquisition process.
"Bilson, you should know that the Chinese Empire is not like India or those countries in Africa. We don't lack ordinary engineers. Although Sanyo's employees may have more experience, whether they have or not, for Guanghui Group's It doesn't make a lot of sense."
Naturally, Jiang Hui would not admit that what Bilson said was reasonable, otherwise he would be at a disadvantage during the negotiation.
"Jiang, you should know that it is very difficult for ordinary Chinese people to have the opportunity to acquire companies from island countries, especially old and well-known companies like Sanyo. I will never find you again. You know, although Sanyo’s performance in the past two years has been a bit unsatisfactory, the companies that are interested in Sanyo are not limited to your Guanghui Group.”
The people of the Celestial Dynasty hate the people of the island country, this is known to all the people in the world.
However, in the same way, the islanders are also very unpopular with the Chinese.China and South Korea have always been one of the countries that the island nation dislikes the most. Islanders do not buy into the acquisition of Chinese enterprises.
"Cash is king in times of crisis. I don't think there is any company in trouble who will be indifferent to large sums of cash. For Guanghui Group, the funds for acquisitions are limited, but the companies that are willing to be acquired are Unlimited. Not to mention how many companies in the United States are waiting to be fed, and how many opportunities are waiting for us in Europe, in the island country alone, Sanyo is not the only company that is in crisis."
……
Jiang Hui and Bilson have been fighting each other all morning, but there will be no conclusion after all.
Such a multi-billion-dollar cross-border merger and acquisition like Guanghui Group's acquisition of Sanyo is destined to be impossible to complete the negotiation in just half a day.
Even if the two parties have conducted many rounds of communication in the early stage, it is impossible to reach a conclusion so quickly.
One is afraid of buying expensive, and the other is afraid of selling cheap. After all, it takes many games to get a result that everyone can accept.
Of course, this negotiation is not fruitless, at least both parties know that the other party is sincere, and there is no way to reach a consensus for the time being, just because they have not yet reached a certain level.
In the next few days, Guanghui Group and Goldman Sachs held several more negotiations. Jiang Hui and Bilson did not attend every negotiation.
Both parties can see the meaning of the boss from home, and they will naturally move closer to the negotiated direction.
Today you take a small step back, tomorrow I will take a small step back, seek common ground while reserving differences, and slowly, everyone feels that there is no disagreement, which is completely unacceptable.
During this period of time, many things happened internationally.
On April 2008, 4, Deutsche Bank planned to sell up to $14 billion of leverage-related debt to private equity firms.
On April 2008, 4, the British house price index in March fell to -15, the lowest in 3 years, lower than the expected value of -30; the latest analysts pointed out that the global credit crisis is likely to happen in the next 78.5 years. Invest in Singapore continues to affect the market; the Singapore Investment Authority intends to participate in UBS’s 67.5 billion Swiss franc financing plan; the vice president of Citigroup claims that the US economy is approaching the center of the storm and may be in recession; OECD predicts global subprime mortgage losses of 10-150 billion US dollars ; RealtyTrac Inc. reported that the foreclosure rate in the United States rose by 3500% in March; the British banking industry urged the government to intervene in the market to prevent the failure of smaller financial institutions and ensure new sources of loans.
On April 2008, 4, Prime Minister Brown visited the United States to seek international solutions to the credit crisis and other issues; the number of new housing starts in the United States dropped sharply by 16% in March, falling to the lowest level in 3 years; the Fed’s Beige Book pointed out the lending standards in various regions , loan demand fell; **** quarterly report was better than expected, claiming that subprime loans will end, and plans to raise $11.9 billion in capital.
On April 2008, 4, Merrill Lynch reported a net loss of US$17 billion in the first quarter, which was larger than expected and was the third consecutive quarterly loss.The company's first-quarter asset write-downs totaled more than $19.6 billion, and it will lay off another 65 people, expecting the situation to be "more difficult" in the coming months.
On April 2008, 4, Citigroup announced that after writing down more than US$18 billion in losses, it had a net loss of US$130 billion in the first quarter, or a loss of US$51.1 per share; In one fiscal year, the group's losses related to subprime loans amounted to 1.02 billion yen (equivalent to 3 million US dollars).
"Jiang, let's do this. I won't quarrel with you anymore. I'll let another [-] million US dollars. If Guanghui Group is willing to ask for it, then we can prepare to sign the contract. If you can't accept it, there is no need to waste our negotiations." It's time."
Perhaps it was the successive losses of Merrill Lynch and Blooming that stimulated Goldman Sachs, and Bilson had no patience to continue talking with Jiang Hui.
"Bilson, it's not impossible for Guanghui Group to accept this price, but I have a few conditions." Jiang Hui still agrees with Goldman Sachs' current offer, but he must not be relentless when it is time to fight for benefits. of.
"Oh, what other conditions do you have? Let me hear it. If it is within my authority, I can give an answer today." Bilson's eyes lit up when he heard Jiang Hui's words, as if he had seen the negotiation end of the situation.
As a senior executive of Goldman Sachs, Bilson has fully felt the atmosphere of the intensifying subprime mortgage crisis recently.Now not only Wall Street has been hit hard, Britain, Germany, France and other countries are basically not spared.
Even in China, foreign trade orders are declining rapidly. Many factories that rely on exports have fallen into survival difficulties and it is difficult to receive new orders.
(End of this chapter)
The early development of Guanghui Group was mainly based on the Internet. In the field of the Internet, one can be regarded as an old employee after thirty, and even a little out of step.
However, as Guanghui Group gradually entered the real industry, especially the manufacturing industry, the shortcomings of Guanghui Group's lack of foundation were gradually magnified at this time.
No matter it is Brilliant mobile phone or Brilliant Automobile, experienced grassroots engineers are actually needed. However, in China, experienced people often take up management positions, and say goodbye to technology from then on.
And young people lack experience. It is really rare for a company like Daoguo to have a large number of middle-aged and elderly grassroots engineers. Even in large old state-owned enterprises, it is difficult to find a group of old engineers who really work. easy.
So in fact, Bilson's words reached Jiang Hui's heart unintentionally.
Although Jiang Hui bought Sanyo mainly because of his battery and motor technology, Sanyo's thousands of engineers are indeed a very valuable asset.
And this wealth is often underestimated in the acquisition process.
"Bilson, you should know that the Chinese Empire is not like India or those countries in Africa. We don't lack ordinary engineers. Although Sanyo's employees may have more experience, whether they have or not, for Guanghui Group's It doesn't make a lot of sense."
Naturally, Jiang Hui would not admit that what Bilson said was reasonable, otherwise he would be at a disadvantage during the negotiation.
"Jiang, you should know that it is very difficult for ordinary Chinese people to have the opportunity to acquire companies from island countries, especially old and well-known companies like Sanyo. I will never find you again. You know, although Sanyo’s performance in the past two years has been a bit unsatisfactory, the companies that are interested in Sanyo are not limited to your Guanghui Group.”
The people of the Celestial Dynasty hate the people of the island country, this is known to all the people in the world.
However, in the same way, the islanders are also very unpopular with the Chinese.China and South Korea have always been one of the countries that the island nation dislikes the most. Islanders do not buy into the acquisition of Chinese enterprises.
"Cash is king in times of crisis. I don't think there is any company in trouble who will be indifferent to large sums of cash. For Guanghui Group, the funds for acquisitions are limited, but the companies that are willing to be acquired are Unlimited. Not to mention how many companies in the United States are waiting to be fed, and how many opportunities are waiting for us in Europe, in the island country alone, Sanyo is not the only company that is in crisis."
……
Jiang Hui and Bilson have been fighting each other all morning, but there will be no conclusion after all.
Such a multi-billion-dollar cross-border merger and acquisition like Guanghui Group's acquisition of Sanyo is destined to be impossible to complete the negotiation in just half a day.
Even if the two parties have conducted many rounds of communication in the early stage, it is impossible to reach a conclusion so quickly.
One is afraid of buying expensive, and the other is afraid of selling cheap. After all, it takes many games to get a result that everyone can accept.
Of course, this negotiation is not fruitless, at least both parties know that the other party is sincere, and there is no way to reach a consensus for the time being, just because they have not yet reached a certain level.
In the next few days, Guanghui Group and Goldman Sachs held several more negotiations. Jiang Hui and Bilson did not attend every negotiation.
Both parties can see the meaning of the boss from home, and they will naturally move closer to the negotiated direction.
Today you take a small step back, tomorrow I will take a small step back, seek common ground while reserving differences, and slowly, everyone feels that there is no disagreement, which is completely unacceptable.
During this period of time, many things happened internationally.
On April 2008, 4, Deutsche Bank planned to sell up to $14 billion of leverage-related debt to private equity firms.
On April 2008, 4, the British house price index in March fell to -15, the lowest in 3 years, lower than the expected value of -30; the latest analysts pointed out that the global credit crisis is likely to happen in the next 78.5 years. Invest in Singapore continues to affect the market; the Singapore Investment Authority intends to participate in UBS’s 67.5 billion Swiss franc financing plan; the vice president of Citigroup claims that the US economy is approaching the center of the storm and may be in recession; OECD predicts global subprime mortgage losses of 10-150 billion US dollars ; RealtyTrac Inc. reported that the foreclosure rate in the United States rose by 3500% in March; the British banking industry urged the government to intervene in the market to prevent the failure of smaller financial institutions and ensure new sources of loans.
On April 2008, 4, Prime Minister Brown visited the United States to seek international solutions to the credit crisis and other issues; the number of new housing starts in the United States dropped sharply by 16% in March, falling to the lowest level in 3 years; the Fed’s Beige Book pointed out the lending standards in various regions , loan demand fell; **** quarterly report was better than expected, claiming that subprime loans will end, and plans to raise $11.9 billion in capital.
On April 2008, 4, Merrill Lynch reported a net loss of US$17 billion in the first quarter, which was larger than expected and was the third consecutive quarterly loss.The company's first-quarter asset write-downs totaled more than $19.6 billion, and it will lay off another 65 people, expecting the situation to be "more difficult" in the coming months.
On April 2008, 4, Citigroup announced that after writing down more than US$18 billion in losses, it had a net loss of US$130 billion in the first quarter, or a loss of US$51.1 per share; In one fiscal year, the group's losses related to subprime loans amounted to 1.02 billion yen (equivalent to 3 million US dollars).
"Jiang, let's do this. I won't quarrel with you anymore. I'll let another [-] million US dollars. If Guanghui Group is willing to ask for it, then we can prepare to sign the contract. If you can't accept it, there is no need to waste our negotiations." It's time."
Perhaps it was the successive losses of Merrill Lynch and Blooming that stimulated Goldman Sachs, and Bilson had no patience to continue talking with Jiang Hui.
"Bilson, it's not impossible for Guanghui Group to accept this price, but I have a few conditions." Jiang Hui still agrees with Goldman Sachs' current offer, but he must not be relentless when it is time to fight for benefits. of.
"Oh, what other conditions do you have? Let me hear it. If it is within my authority, I can give an answer today." Bilson's eyes lit up when he heard Jiang Hui's words, as if he had seen the negotiation end of the situation.
As a senior executive of Goldman Sachs, Bilson has fully felt the atmosphere of the intensifying subprime mortgage crisis recently.Now not only Wall Street has been hit hard, Britain, Germany, France and other countries are basically not spared.
Even in China, foreign trade orders are declining rapidly. Many factories that rely on exports have fallen into survival difficulties and it is difficult to receive new orders.
(End of this chapter)
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