Metropolis: I Can Inherit Wealth

Chapter 30 : Once the No. 1 domestic mobile phone brand-Jinli

On August 25, 2018, inside Jinling International Airport.

“Passengers heading to the deep city, please rush to window 52 to board the plane!” A broadcast sound suddenly sounded in the lobby.

“Boss, we are ready to board the plane!”

Mo Xinya reminded Lin Feng in a low voice.

“Um!”

At this time, Lin Feng collected his mind from the information in his hand and walked slowly to the boarding gate.

In the 21st century, airplanes have become an indispensable part of people’s daily lives. The flow of people at airports is very large, and it is no less inferior to high-speed rails and trains.

Except for the VIP cabins, business cabins and ordinary cabins are basically full.

Of course, Lin Feng did not purchase a regular-class ticket in order to experience the sentiments of the people.

Mo Xinya has made arrangements for all the trips clearly. Rich men like him with deposits of more than tens of billions have long been filed with ICBC.

ICBC, as one of the five major banks in the country, has close cooperation with the airport, and these wealthy individuals will also be promoted to the airline’s distinguished customers and go in and out of VIP channels.

The flight attendants here are quite beautiful, with a height of over 1.7 meters and wearing a blue and white porcelain cheongsam. They are gentle and graceful, which is in line with the classical beauty of China.

A few minutes later, Lin Feng sat in the VIP cabin and continued to meditate, ignoring the people passing by.

In fact, the main purpose of this trip to the deep city is still for the mobile phone design in his hand.

For a good mobile phone to create value, not only does it need to be well-designed, but more importantly, it needs to be produced.

Originally, he had also thought about whether to build a mobile phone company on the ground, but after careful thought, this is a bit too difficult and not in line with existing interests.

Therefore, the acquisition of a mature mobile phone company has become the first choice.

At this point, Lin Feng has screened dozens of domestic mobile phone manufacturers, large and small, and finally selected a once brilliant mobile phone brand company, that is, Jinli.

As the only well-known trademark in the early China mobile phone industry, Jinli won the domestic sales champion consecutively during the three years from 2006 to 2008 and ranked first among domestic mobile phone brands.

Until 2013, according to HIS market research, Jinli ranked 11th in the world, with more than 110 million Jinli mobile phone users worldwide.

It’s not brilliant.

It was precisely from 2013 that the 4G network era hit, Jinli once fell into a state of loss due to poor management and continued to have negative cash flow.

At the end of 2017, Jinli’s capital chain broke and assets were frozen one after another.

In January of the following year, Nanyue Bank’s first subsidiary branch applied for seizure and freezing of the bank deposits, equity, real estate, land and other assets of Jinli and all of its subsidiaries.

On May 8, Huaxing Shenzhen Branch filed an application for bankruptcy liquidation with the Shenzhen Intermediate People’s Court on the grounds that Jinli could not pay off its due debts, which officially moved Jinli into the bankruptcy liquidation stage.

This has also become an important factor for Lin Feng to choose it.

Because at this moment, Jinli’s debt is as high as more than 200 million RMB. If the debt cannot be repaid, Jinli will be completely liquidated, and then this once the first domestic mobile phone brand will disappear.

“Boss, there has just been news from the deep city that Jinli President Liu Lirong went to Saipan to gamble and lost 700 million US dollars. Now his 41.4% equity in Jinli has been frozen by the court.”

Mo Xinya on the side suddenly said to Lin Feng.

“Oh? That’s interesting.”

After Lin Feng heard this, a playful smile appeared on his face: “Xinya, how many shares do we have now?”

Although Jinli is not a listed company, its share structure is not centralized. In addition to the shares held by the founders, some investment institutions also hold shares.

“Boss, we currently hold 40% of Jinli’s shares and spend nearly 2 billion yuan. The remaining shares are in the hands of Jinli Chairman Liu Lirong, vice presidents Yu Lei, Deng Li and others.”

“Continue to buy, and see if the shares in the hands of Jinli’s founders are willing to sell, as long as the price is okay, we will take it all.”

Lin Feng waved his hand and said vigorously.

Just kidding, Jinli is also a company worth hundreds of billions of dollars. It owns 11 wholly-owned enterprises including Jinli Technology, Guancheng Jinming, Guancheng Jinzhong, Guancheng Jinshang, Yanjing Jinli, and Gangcheng Jinli.

In addition, they have a lot of shares in WeBank and Shenzhen Property.

If it weren’t for Chairman Liu Lirong’s “snake skin move”, I’m afraid they could last for decades.

A mere 2 billion can be used to acquire 40% of Jinli’s shares, which is considered a mistake.

“Yes!”

Mo Xinya immediately called to inform Fengteng Investment to continue acquiring shares in Jinli.