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Chapter 374 Acquisition of "Udafin" Dairy Industry

Chapter 374 Acquisition of "Udafin" Dairy Industry

"I want to acquire a dairy company. It doesn't have to be very large, but it must have a good reputation. Mr. Zhong, I still plan to entrust your company to do this, how about it?"

Mergers and reorganizations may not be Zhong Wuxie's strong point, but he has a deep network of connections in the local area. The key is that through these days of contact, Zhong Wuxie is quite reassuring.

Now Zhong Wuxiu needs to provide information and matchmaking. Hu Yang has a lot of professionals in this field.

At this time, Zhong Wuxie felt as if he was hit by a big red envelope falling from the sky. He swore that he would never disappoint Hu Yang's trust.

In addition, Hu Yang intends to establish Huijia Holdings (New Zealand) company, and also entrusts Zhong Wuxiu to handle the company's procedures.

He reached an agreement with Zhong Wuxiu, and Chen Jialin also returned to Auckland after his trip.

"Young Master Chen, your trip was not in vain, have you finished playing?"

Hu Yang glanced at Chen Jialin's dark eye sockets, and the secretary with a charming body behind him, and said something with a half-smile.

"Ahem, I'm not afraid of affecting your business. By the way, you've finished dealing with your affairs?"

Chen Jialin smiled, but didn't mind Hu Yang's teasing.He has such a character in the first place, and some things can be known only by the secretary who changes around him like a lantern.

"It can't be said that all the things on my side are finished, and there may be some things that need to wait. In this way, I will ask Assistant Lin to apply for the flight route, and we will return to China in two days."

It is impossible for Hu Yang to stay in New Zealand forever, and the acquisition of the dairy company cannot be completed overnight, so he plans to go back first.

The next day.

Hu Yang, Chen Jialin and others went to Queen Street and bought a lot of things.Most of these things belong to local specialties, and they can be given as gifts after returning home.

"Mr. Hu, let me ask you something, okay?"

At night, Hu Yang was lying in the hotel room reading a book, and Lin Yan walked in quietly.

"Huh? If you have anything to say, just say it."

Hu Yang put down the book in his hand, and looked at Lin Yan who walked to the bed in a strange way.

"Do you really want me to come and work in New Zealand?"

"What do you mean I want you to come to New Zealand? You know that I was joking that day. Besides, it's up to you to decide whether to come or not."

"Oh, I see, then you can rest, and call me again if you need anything."

Lin Yan smiled slightly, turned and walked out of Hu Yang's room.

Hu Yang stared blankly at Lin Yan's back, not knowing what she meant.After that, he lost his mind about reading, and soon turned off the lights and went to sleep.
The next day, everyone began to prepare for the return trip.Hu Yang didn't leave the hotel either, and made several phone calls in the morning.

"Mr. Hu, you said that you want to acquire a dairy company, and you have a plan."

Zhong Wuxiu rushed over in a hurry in the morning, and told Hu Yang the news as soon as he saw him.

"So fast? Mr. Zhong, I remember that I told you all the conditions of the acquisition target. It's not the kind of company I would want."

Hu Yang felt that Zhong Wuxie was a little eager for quick success, and the acquisition was not a child's play, so he responded immediately after releasing the news.

"Mr. Hu, listen to me, I will never dare to fool you."

Zhong Wuxiu hurriedly explained, and Hu Yang listened, his frown gradually relaxed.

According to Zhong Wuxiu, this incident was really a coincidence.The owner of the small ranch that Populus euphratica bought just came back from abroad.He had already received the 390 million US dollars that Zhong Wuxie sent to his account, so he went to Zhong Wuxie's company to thank him in person after he came back.

During the chat between the two, Zhong Wuxiu inadvertently revealed that a client wanted to acquire a high-quality dairy company.

The result was a sigh from the original owner of the paddock, who had a dairy company he wanted to sell.However, because Zhong Wuxiu's company has never been involved in mergers and acquisitions between companies, he entrusted another brokerage company to help him handle this matter.

It's just that after such a long time, his small ranch was successfully sold, but his dairy company was ignored.

"Mr. Hu, he is going to sell all his assets in New Zealand and settle in the UK. His dairy company has a history of 30 years, and its quality and reputation are good. However, its dairy company has always been in the European and American markets, and the market sales Although it is very stable, the total amount is not large, and it has always been tepid.”

Hu Yang nodded frequently, knowing that the original owner of the small ranch should be a conservative person.He didn't like borrowing money to scale up, and he didn't have much ambition.It's better now, just sell all the assets and go to the UK for retirement.

According to Zhong Wuxie, the current staff and market sales of this dairy company named "Udafin" are only a quarter of those in its heyday because the owner has no intention of taking care of it.

However, the other party's technology, quality control and word of mouth are all good.

Hu Yang lowered his head and flipped through the materials that Zhong Wuxie had brought, but there was no sound.Lin Yan had already applied for tomorrow's route, but things changed again.

"Is it far? If not, let's go and see at noon."

Hu Yang still decided to take a look first, and then decide what to do according to the situation.

"The production plant is not far away, and it takes less than an hour to drive. However, the milk source of Youdafen is far away, about 180 kilometers away."

In fact, the distance of nearly 200 kilometers is not very far, mainly because Populus euphratica is short on time.

The two walked out of the hotel while they were talking. Hu Yang only brought Lin Yan and Li Jie with him, and the others let them stay in the hotel for free activities.

As for Chen Jialin, he went to play around early in the morning and probably won't be back until the evening.

"Mr. Zhong, what price is the other party going to sell?"

Although it is necessary to evaluate the other party's assets before making a correct judgment, Hu Yang still wants to refer to the other party's quotation.

"Sold as a whole for US$4500 million, Udafin has no foreign debts."

As soon as Hu Yang heard it, he understood that the reason why Udafin did not grow well was because of the conservative management.How can you not borrow money from the bank to do business in these years?How can there be great development without borrowing or financing?

Subsequent inspections to the factory also confirmed Hu Yang's guess.Udafin's factory is small in scale, and its production equipment is somewhat old.However, the management of the factory is very strict, and the remaining employees of the company still have a strong sense of belonging to Udafin.

"Mr. Hu, are you from China? That is really a distant country."

After visiting the factory, the boss of Udafin, the original owner of the small ranch, invited Hu Yang and Zhong Wuxie to have afternoon tea together.

"Mr. Kelvin, for me, New Zealand is also a beautiful and distant place. I originally planned to return to China tomorrow, so I will speak directly. Please forgive me for any inappropriateness.

I think Udafin has lost the momentum of self-development. Although I haven't visited the company's milk source, I already have a preliminary valuation of your company.That valuation is nowhere near $4500 million. "

What Hu Yang said is not nonsense. He has been investing for so many years, and he can easily calculate some assets that are not too complicated.

According to his estimate, the factory plus the milk source of the ranch, plus technology and brand, the valuation of Udafin is worth up to 3800 million US dollars.

Of course, this is just Hu Yang's own estimation.When formal acquisition negotiations start, a rigorous asset appraisal will be conducted.

"Mr. Hu, in such a beautiful afternoon, let's talk less about business matters. If you are really interested in my dairy company, send someone to formally negotiate. How about a snack, two?"

Kelvin enjoyed the afternoon tea in an elegant, but hard to understand way for Populus euphratica.

However, Hu Yang did not continue to talk about topics related to Youdafen in the following time.

In the evening, after Hu Yang returned to the hotel, he went to find Chen Jialin.

"Brother Hu, why don't you stay a few more days? I take a direct flight to Xiangjiang, and it's very convenient to go back to the deep sea."

After listening to Hu Yang's narration, Chen Jialin felt a little ashamed.I have been playing like crazy these days, but Hu Yang is busy with work most of the time.

Hey, this brother Hu is really a person who can't rest.

"The route has already been applied for, and it would be troublesome to change it. You can go on my business jet tomorrow. I have already called and told Mr. Xu to send someone over. They will arrive in Auckland on a Falcon 2000 plane. When the time comes, I will take This plane is heading home."

Hu Yang decided to keep Lin Yan, Han Wen and Li Jie, and let Mi Qi and Lu Dacheng go back with Chen Jialin and others.

"Since you've made all the arrangements, let's do this."

Of course, Chen Jialin didn't need to be polite with Populus euphratica, and took a group of people to fly to the deep sea the next day.

In the afternoon, six employees from Huijia Holdings arrived in Auckland.

Hu Yang sent Lin Yan and Li Jie to pick up the airport, let everyone have a good rest when they came to the hotel, and start negotiations tomorrow.

"Why do I seem to have never seen you before?"

With the development of his career, it is difficult for Hu Yang to call every employee by name.But he basically has an impression of these people in Huijia Holdings, and only one of the six people is completely unfamiliar to him.

"Mr. Hu, hello. I'm Cao Jianping, and I just joined the company not long ago. I used to work for Bandung International and have been engaged in international mergers and acquisitions."

Bandung International is the core enterprise of Xijiang Bandung, and Cao Jianping is one of the best.He came to Yangcheng to apply for the job through Wang Qingquan's introduction, and was immediately spotted by Xu Younian.

"Oh, so you should be an expert. Perform well these few days, and I will tell you Mr. Xu when I go back."

Below the middle level of the company, the application of employees will not disturb Hu Yang at all.

In fact, after the collapse of Xijiang Wanlong, many employees were favored by major investment institutions. Unexpectedly, Wang Qingquan and Xu Younian were also quietly poaching people.

On the second day, Hu Yang sat in the hotel, and six subordinates formed a negotiating team to start formal acquisition negotiations with Udafin.

The negotiation process was much smoother than Hu Yang expected, and finally the two parties agreed to reach a wholly-owned acquisition agreement at a price of 3650 million US dollars.

This price is even lower than what Populus euphratica estimated before.

(End of this chapter)