my life reset

Chapter 646 Foreign Capital Takeover?I object
Chapter 646 Foreign Capital Takeover?I object

It’s not that you can’t touch financial capital, but that’s usually when financing in the early stages of entrepreneurship.A company as mature as Microelectronics would not normally do this.

What is financial capital?That's for meat.

Industrial capital can tolerate low rates of return and long investment periods, but financial capital cannot.

At that time, microelectronic equipment was backed by the Huijia Department, and it was a thriving scene.Director You insisted on playing a big game, seeking hundreds of billions of subsidies with Pinnacle Capital, and even turned against Huijia.

It's good now, the mutton is not eaten, and it still makes a fuss.

At this time, it's too late to talk to others about mergers and reorganizations!Talking about acquisitions is almost the same, and it was acquired by others.

Even, in the current situation, people may not even be willing to buy.If Li Qi were Populus euphratica, he would just sit and wait for the bankruptcy of microelectronics.If there is such a day, can microelectronic equipment still be sold for the price of cabbage?
Li Qi was annoyed, so he didn't talk nonsense with Director You here at all. He had a lot of things to do, so he left without a word.

Director You stayed alone in the conference room, but he wasn't angry with Li Qi.He just felt that the future was bleak. The three major shareholders of a company each had their own plans. I'm afraid this hurdle would be difficult to overcome!

In the next few days, Li Qi was busy without touching the ground, but the task of reconstructing the supply chain was a long way to go.

Among other things, as the key part of the objective lens, the optical lens is difficult to find a replacement.

Previously, the objective lenses of microelectronic equipment were purchased from Zeiss Semiconductor Company in a complete set. Although the most advanced objective lenses of the other party were only supplied to ASML, the currently available objective lenses did not affect production.

Recently, news broke out from North America that ASML is negotiating with Zeiss Semiconductors and preparing to take a stake in the company.

Zeiss Semiconductors and ASML have already had a very close cooperation. In order to maintain this cooperative relationship, Zeiss Semiconductors has strict restrictions on the export of domestic objective lenses.

Next, it is still unknown whether Zeiss Semiconductors will be able to supply normally if North America's suppression of microelectronics equipment is upgraded.

There is a high probability that microelectronics cannot solve this problem.

There is also the alignment system, manufacturing a high-precision alignment system requires a near-perfect precision mechanical process.The special patented technology for this aspect is almost all controlled by German and North American companies, and it is difficult to find a replacement.

For example, the alignment system of the full pneumatic bearing design technology adopted by ASML can effectively avoid the process error caused by the vibration of the bearing.And this system is the technical patent of the North American company.

Bolong Optics will soon face the same problem.

"Mr. Hu, we can still find a way to solve the objective lens. Although the objective lens produced by ourselves is slightly inferior in accuracy, it is definitely usable. However, the alignment system is very troublesome. After all, we have never done it ourselves."

Hu Yang is now also putting a lot of energy on Bolong Optics. He, Zhang Xiao, Dai Xiangjun and others basically meet two to three times a week.

Today happened to be the weekend, and Dai Xiangjun and Zhang Xiao came to the International Building again.

After hearing Dai Xiangjun's words, Hu Yang also scratched his head.

After all, Bolong Optics has integrated the technical strength of several major domestic optical mechanics institutes, and still has a very strong capital in the field of optics.

But when it came to mechanical issues, he didn't say that his eyes were darkened, but there was no good solution.

"Mr. Hu, I'm afraid we still need to find top domestic scientific research institutes for this kind of thing. In addition, there are many small and medium-sized machinery companies in China, which are also very good, but we have never cooperated with them before."

What Zhang Xiao said was a way of thinking, it is hard to say whether it will be effective, but there is always a direction to work hard.

"In that case, Mr. Dai will be responsible for the objective lens. Don't be afraid to invest in research and development. You should write a report and submit it to the board of directors as soon as possible.

Mr. Zhang, to get through the supply chain of high-end lithography machines, I will trouble you to do it yourself.My requirements are not high, and I am very satisfied to see the results within half a year. "

Hu Yang thought for a while, and assigned tasks to the two of them.

Acquisition of microelectronics equipment is not something that can be accomplished overnight, and the other party is not at the point of desperation.But anyway, Hu Yang will never give up.

Don't look at the huge difficulties encountered by microelectronics today, it seems that anyone can get stuck in his neck.In fact, this company also has its own advantages.

For example, like a double workbench, except ASML, only microelectronic equipment in the world has this technology.

Double workbench can greatly improve work efficiency.

The breakthrough of this technology is a great progress for the industry.It enables the lithography machine to expose wafers on one workbench while performing pre-alignment work on another workbench, and get the result feedback in the first time.

The result is an increase in production efficiency of approximately 35% and an increase in accuracy of more than 10%.

This is just one of the many advantages of microelectronic devices, and these advantages also require long-term technology accumulation.

Therefore, for microelectronic devices, Populus euphratica is determined to win.

Zhang Xiao and Dai Xiangjun left Hu Yang's office after finishing today's routine report.

Yu Hongbo saw the need, knocked on the door and walked in.

"Mr. Hu, during this period of time, microelectronic equipment has continued to plummet, and its stock price has approached the 40 yuan mark. I took a look just now, and the price at that time was 41.28 yuan."

Unsurprisingly, microelectronic equipment fell below the issue price and became a diving star in the stock market during this period.

At the same time, the broader market is not very good, and it is rushing towards 3000 points.

Hu Yang nodded, indicating that he knew.He didn't worry too much about the sharp drop in microelectronics.

Market value is not a very important thing to him.

Hu Yang's shareholding ratio in microelectronics equipment is more than 19% and less than 20%. He does not need to mortgage shares for loans, nor does he need to maintain stock prices for subsequent financing arrangements, so his mentality is relatively stable.

But for some people, such as Yang Hu and Wu Zunyou of Summit Capital, this is very sad news.

At the beginning, the bank promised them that they could borrow 60 billion yuan by mortgaging the equity of microelectronic equipment held by Summit Capital.But at that time, they felt that it was too little, so they talked back and forth.

Unexpectedly, there was such a delay, and the situation changed suddenly.Now when I go to the bank, they are hesitant to even get a loan of 20 billion yuan.

Yang Hu and Wu Zunyou are about to vomit blood, and the 100 billion yuan they invested at the beginning may be in vain.

On this day, Wu Zunyou mysteriously asked Yang Hu out alone, saying that he wanted to have a good talk with him,

"Mr. Wu, is it necessary for us to be so formal?"

Yang Hu came to a private club by appointment and met Wu Zunyou who was waiting.

"Mr. Yang, today's matter is a bit special, and there will be guests coming later, so it's unreasonable to be informal.

There is something I want to tell you first. Nikon sent someone to contact me.They're very interested in equity in microelectronics, what do you mean? "

Wu Zunyou's usual calm and indifferent attitude disappeared at this time.He was also very anxious in his heart.

The stock price of microelectronic equipment is falling day by day, and the market value of the stock in their hands has been shrinking.

And until today, the restrictive measures in North America have not been formally introduced at all.

Can he be in a hurry?

"Nikon? Foreign capital. Mr. Wu, I'm afraid this will be a bit troublesome, unless the state-owned capital of the capital nods, I think it's very difficult."

Even though microelectronic equipment is on the decline, it is after all an enterprise that the city has been focusing on.The introduction of Nikon and the introduction of Peak Capital are completely different things. No wonder Yang Hu is a little worried.

"I'm going to work at the State-owned Assets of Shanghai, and the Huijia Department needs you to have a good talk with Hu Yang. Nikon tentatively quoted a price, and they are willing to pay 50 billion yuan for our microelectronic equipment. All equity."

When Wu Zunyou said this, his heart was trembling.

Really, very distressed.

If the shares are transferred at this price, probably only more than 50 billion yuan and less than 60 billion yuan can be recovered, which means that not only can this investment not make money, but the loss rate is as high as 40%.

But if you stick to it, you may not even have this price. Who knows if the value of this part of the equity will drop to 10 billion yuan or even lower in the future?

Fortunately, both of them are veterans in the capital market, and they can see through making money and losing money.

Yang Hu sighed, and said: "Let's talk about it first, if it doesn't work, that's the only way."

When it comes to investing, no one can guarantee that they will be [-]% successful.No matter how powerful an investment master is, there are times when he goes to Maicheng.

Therefore, investment pays attention to risk control ability and stop loss ability.The emphasis is on the overall profitability, rather than the profit and loss of a certain case.

Wu Zunyou and Yang Hu unified their understanding, and soon reached an agreement with Nikon. Summit Capital will sell its equity in microelectronic equipment at a price of 52 billion yuan.

Of course, this transaction will face some problems,
First of all, the consent of the largest shareholder, Modu State-owned Assets, must be obtained, and it is best to obtain the approval of Populus euphratica from the Huijia family at the same time.

Secondly, if there is no objection within the company, it must be approved by the relevant domestic departments.

Otherwise, Yang Hu thought it would be troublesome to find foreign capital to take over the deal?

"It's impossible! Even if I want to promise you, the city will not agree. Also, you can't get the approval from the relevant department either. Believe me, it's more suitable for you to find a domestic company to transfer the equity. "

For this matter, Microelectronics once again held an interim board meeting.

Yang Hu, Director You, Hu Yang and others all came to the meeting.

After listening to Yang Hu's narration, Director You immediately expressed his objection.It's okay if you don't object. He also dare not bear some blame.

"Director You, as a veteran manufacturer of lithography machines in the world, Nikon's technical strength, I don't need to say, you also know it in your heart.

Now the company is facing the risk of supply chain rupture. With Nikon's participation, is it more certain to reconstruct the supply chain?

Regarding the approval documents from the relevant departments, I will find a way by myself.You can all think about it, the company has been going on like this, and it is difficult to escape the fate of bankruptcy.Now, with the possibility of bringing the dead back to life, will the relevant departments object? "

Yang Hu is eloquent, according to what he said, the introduction of Nikon is equivalent to ushering in a great savior?
Director You hesitated again, and could only say that the pancake painted by Yang Hu was really attractive.He couldn't make up his mind, so he turned his head and glanced at Li Qi.

As the chairman of the company, Li Qi is also the convener of this meeting.

He thought for a while before asking, "Mr. Yang, is it just a simple equity transfer? Did the other party ask for any conditions?"

"Ahem, there are still conditions. But please rest assured that the conditions are not harsh at all. Nikon promises to have them to protect the company's supply chain and provide certain technical support.

Correspondingly, Nikon proposed that they also share some technologies of microelectronic equipment, such as double workbenches, and so on.

In addition, in order to avoid the suppression of the company by the upgrade in North America, the other party requires that some conditions be set for future product sales.For example, it cannot be used for military purposes."

Yang Hu thinks that Nikon's conditions are generally not too much, and the technology sharing is also based on the principle of fairness.It's just that the last one is a bit too much, and it is estimated that everyone will not agree.

However, this should be a negotiating condition deliberately thrown out by the other party. It is a negotiating method and can be compromised.

Otherwise, the authorities would never have approved the deal.

Li Qi hesitated for a moment, and said, "There is no need to mention the last point, and the rest can be discussed."

Yang Hu was overjoyed. He knew that Director You had already regarded Li Qi as a life-saving straw. As long as Li Qi expressed his opinion, it almost represented Director You's decision.

So, he turned his head, looked at Hu Yang and smiled: "Mr. Hu, what's your opinion?"

Hu Yang glanced at the audience, feeling a little disappointed.

He was not disappointed with Yang Hu and Director You, but rather with Li Qi.Don't you really see the problem here?Or are you pretending to be confused when you see it?
"My opinion is to resolutely oppose this transaction! I will not say anything else. I believe that the relevant departments are absolutely unwilling to see major domestic equipment companies being controlled by foreign capital in the end."

What is Nikon's purpose? Hu Yang's heart is clear.

People came here for the double workbench, and they also came for the accumulation of microelectronic equipment for several years.

This is actually the same idea as Populus Populus wanted to acquire microelectronics equipment.

Where is the difference?The difference is that if Populus euphratica controls microelectronic equipment, he will never get stuck in the necks of domestic companies.

But if it is controlled by foreign capital, it is hard to say.

No one expected that Hu Yang would be so determined that he would not leave any leeway.Several people quarreled in the conference room for a long time, but in the end Director You was noncommittal. This matter did not come to a conclusion in the end, and they could only break up unhappy.

Yang Hu walked out of the conference room with a full face of displeasure, went downstairs and got into the car. Wu Zunyou was waiting for him in the car.

"It doesn't look like it's going well?"

Wu Zunyou seemed to be mentally prepared, the expression on his face didn't change at all.

"It's more than a failure? That Populus euphratica jumped out and firmly opposed it, and Director You swayed from side to side. This matter is likely to become a scandal again."

Yang Hu doesn't quite understand Hu Yang's thoughts, he is going to admit the loss and get out of the game, why are you still messing with it?
(End of this chapter)