Galactic Tech Empire

Chapter 34 Acquisition Completion
Li Jianhua dawdled in Lifan before just to cooperate with Huang Junjie's actions.

That's why Yin Mingcheng made a condition that was difficult for Yin Mingcheng to accept, and then created the illusion that the negotiations between the two sides were at a stalemate.

But now that Huang Haojie has closed the net, it is time for him to end this negotiation.

Li Jianhua smiled and handed a document to Yin Mingcheng on the opposite side.

Yin Mingcheng took the document, glanced at it and widened his eyes, then looked at Li Jianhua in surprise, and asked uncertainly:

"Mr. Li, did you take the wrong document?"

"Chairman Yin was joking, this is our condition." Li Jianhua knew that Yin Mingcheng would be surprised.

Seeing Li Jianhua's calm expression, Yin Mingcheng's thoughts suddenly changed.

He did not expect that Yinhe Technology, which had been insisting on obtaining the controlling stake in Lifan shares before, would give up the acquisition of Lifan shares today and instead proposed to acquire Lifan Automobile, or the production license of Lifan Automobile.

Lifan Motors is one of the two major automobile production subsidiaries of Lifan Co., Ltd., and obtained a new energy vehicle production license in 2014.

In the past few years, Yin Mingcheng has been completely disappointed with Lifan Motors. If it were not for the support of Lifan Motorcycles and other industries, Lifan Motors would have gone bankrupt long ago.

If it is just to acquire Lifan Motors, a subsidiary that suffers heavy losses, Yin Mingcheng can consider it.

Huh? No!

Yin Mingcheng suddenly realized why Yinhe Technology, which has been insisting on purchasing Lifan shares these days, suddenly changed its attitude.

As soon as he thought that the stock price of Lifan shares had skyrocketed to 44 Huayuan, he immediately understood.

Yin Mingcheng suddenly asked:
"Galaxy Technology has made a lot of money in the stock market this time!"

Looking at Yin Mingcheng who had already reacted, Li Jianhua smiled without saying a word, but gave Yin Mingcheng a knowing look.

As for admitting that it is impossible, after all, it is best to accept this kind of thing as soon as it is good. If it goes too far, the China Securities Regulatory Commission will not stand by and watch.

Looking at Li Jianhua's expression, Yin Mingcheng knew that Yinhe Technology had made a lot of money in the stock market.

He couldn't help cursing in his heart, these Lingnan guys are really ghost spirits, he will definitely bite them hard and make Yinhe Technology bleed.

But when Yin Mingcheng turned to another page of the document, he couldn't help but smiled wryly in his heart.

The document states that if Lifan agrees to sell Lifan Motors to Yinhe Technology, then Yinhe Technology will agree to allow Lifan Motorcycles to join the Electric Vehicle Industry Association.

As an enterprise related to the electric vehicle industry, Lifan certainly knows something about the electric vehicle industry association established by Raytheon. After all, the two parties are half of the same industry.

It was precisely because of his understanding that Yin Mingcheng knew how beneficial it would be to join the Electric Vehicle Industry Association.

After all, Raytheon Battery will agree to sell Raytheon batteries only if it joins the Electric Vehicle Industry Association, which is equivalent to a disguised electric vehicle production qualification.

In addition, the wholesale price of Raytheon batteries is 80 Huayuan per kilogram. This price makes the production of electric vehicles or electric motorcycles profitable.

He quickly calculated in his brain, 80 Huayuan per kilogram of Thor battery, judging from the current retail price of electric vehicles on the market, a Raytheon car has at least 800 to 1000 Huayuan in profit.

If it is a high-end product, the profit will be even greater.

No wonder Galaxy Technology can raise 60 billion at once.

This is also where Yin Mingcheng smiled wryly, because Yinhe Technology offered him a condition that he could not refuse.

In fact, he knew that Lifan has gone downhill in the past few years, especially Lifan Motors suffered serious losses, and the sales volume and profit of Lifan motorcycles were also declining.

Yin Mingcheng was eager to find the next point of profit growth, but to no avail.

Obviously, the Raytheon battery and Lifan Motorcycle's old business may give Lifan a second spring.

In addition to the last condition, Yin Mingcheng is allowed to personally invest 5 million yuan to purchase 5% of the surging power class B shares.

Yin Mingcheng could only smile wryly and say:
"Mr. Li, you Yinhe Technology really depend on Lifan Motors."

"What does Chairman Yin think?" Li Jianhua asked with a smile.

"I agree, Yinhe Technology invested 2 million Chinese yuan to purchase Lifan Motors." Yin Mingcheng nodded and said.

Li Jianhua stood up and said with a smile, "Happy cooperation!"

"Happy cooperation!" Yin Mingcheng also stood up and shook hands with Li Jianhua.

As Lifan's largest controlling shareholder (47%), Yin Mingcheng obviously has the power to decide the sale of Lifan Motors.

In fact, even if a general meeting of shareholders is held, those shareholders will probably agree to Yinhe Technology's acquisition of Lifan Motors.

After all, the current Lifan Motors is completely at a loss. If you can exchange a useless license plate for 2 million Chinese yuan, as well as the cooperation of Yinhe Technology, then why not do it.

Soon the two parties discussed the details. Yin Mingcheng and Li Jianhua signed the acquisition contract of Lifan Motors on behalf of Lifan and Yinhe Technology respectively.

At the same time, it also signed a strategic partnership between Galaxy Technology and Lifan.

After completing the acquisition of Lifan Motors.

The official website of Lifan shares immediately released the details of the acquisition and the strategic partnership with Yinhe Technology.

Immediately, the reactions of stockholders and institutions in the stock market were polarized.

Many people think that Galaxy Technology has not fully acquired the shares of Lifan, and the future of Lifan is so-so.

At the beginning, they thought that Yinhe Technology was going to go public through a back door, but they didn't expect that they just acquired Lifan Motors in the end.

Others believe that after reaching a strategic partnership between Lifan and Yinhe Technology, Lifan will surely become a new star in the electric vehicle industry, and perhaps even the old motorcycle industry will benefit.

But overall, most people are not optimistic.

Therefore, the stock price of Lifan shares fell amid fluctuations.

On the other hand, Li Jianhua will continue to stay in Shancheng, and he needs to complete the work of receiving the license plate of Lifan Motors.

There are still a lot of things to do, such as changing the company name, cleaning up historical issues, and so on.

Li Jianhua was so busy that his feet didn't touch the ground.

However, Huang Haojie found a president for the newly established surging power through a headhunting company, named Zhao Tong, who used to be the deputy manager of GAC Toyota.

For The Paper, its headquarters will be established in Haicheng County. After all, the name The Paper has a different meaning for Haicheng County.

During the National Day, Zhao Tong was also very busy. After all, a car company needs too many things.

The operation line processes of the automobile production line include welding, stamping, painting, powertrain and so on.

Due to the surging power of electric vehicles, it is relatively simple to use the powertrain.

But welding, stamping, and painting are similar to traditional cars.

In addition, there are suppliers of spare parts that need to be negotiated, such as tires, car windows, seats, car speakers, air conditioners, etc. If Huang Haojie is allowed to run by himself, he doesn't even know where the doors are.

……

On the other hand, Meteor Shower also stopped.

He didn't want to be targeted by the China Securities Regulatory Commission, even though the operation was very secretive this time, and even the Meteor Shower Company was linked to Xiangjiang's offshore company.

But a closer inspection will reveal some clues.

Huang Haojie asked Xiao Lisha to give each trader 100 million, and then asked them to travel for a month before returning to work.

As for the issue of confidentiality, there is no need to worry. These traders know that leaking secrets will definitely harm others and benefit themselves, and they may even go to jail.

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(End of this chapter)