My Age of Investment

   Chapter 1109 I'm afraid something is going to happen

"The predecessor of Dahan Telecom was the Post and Telecommunications Yamen Science Research Institute established in 1957. It was the first national scientific research unit established in my country to engage in the research of post and telecommunications science and technology. It has undertaken a large number of national and former Post and Telecommunications Yamen. .

In the 1990s, the unit responded to the call of the state and was divided into three parts. Some of its assets and technical personnel were reorganized into Dahan Telecom Group, which was transformed from a scientific research institution into an enterprise. At present, the company belongs to the government-run asset management of the State Council. Committee Governance…”

In the office of   Jin Mao Building, Chen Hong is introducing the past and present of Dahan Telecom to a roomful of people. He has a lot of background. He belongs to the post and telecommunications yamen and the government affairs office.

   In the transaction of Fuxing Semiconductor's acquisition of Huaxin International, Hanergy Capital also got a job as a financial advisor, but it was just a start for the Fuxing Industrial Fund to make a little money.

   After receiving the news from Xia Jingxing, Chen Hong did not dare to neglect, and immediately turned Dahan Telecom upside down.

   Today, a group of people are gathered here to discuss how to properly resolve this matter.

After introducing   , Chen Hong suddenly said: "Although Dahan Telecom has become an enterprise, it is still inextricably linked with the post and telecommunications yamen system, including several major operators, information industry yamen and so on.

   Take Zeng Caiji, the current chairman and president of Dahan Telecom, as an example. He graduated from Beijing University of Posts and Telecommunications and has held various positions such as the General Office of Posts and Telecommunications Yamen Telecom, the Information Industry Yamen Design Institute, Mobile Group, and Dahan Telecom.

   It can be seen from his promotion trajectory that Dahan Telecom has a close relationship with various units of the post and telecommunications system. "

   Li Guangnan reminded: "The post and telecommunications yamen is a giant yamen. Back then, the division of post and telecommunications and the division of government and enterprises had twists and turns, and the internal relations were intertwined, and the pressure for reform was very great.

   Now that Dahan Telecom wants to intervene in Huaxin International's transactions, Fuxing Semiconductor needs to be cautious.

  Because after the chip is made, you have to sell it to customers, and these customers basically have to deal with the post and telecommunications yamen. "

  Xia Jingxing nodded lightly, "I know this, but on the premise of respecting others, others should also respect me.

  The transaction should also be said on a first-come-first-served basis, right? We have almost talked with the major shareholders of Huaxin International. At this time, they suddenly jumped out. What do you mean? Deliberately making trouble? "

  Chen Hong sneered: "Maybe in the eyes of others, we are the ones who deliberately made trouble.

   Dahan Telecom has been in contact with Huaxin since the beginning of the year, but the work efficiency is really touching. It has been half a year and there has been no following.

   In order to introduce Dahan Telecom as a strategic shareholder, Huaxin International has successively abandoned negotiations with five PE giants such as Blackstone and TPG.

   Of course, foreign PE giants such as Blackstone and Texas Pacific Group also have great appetites, and the conditions proposed are to acquire 20%, 30% or even 50% of Huaxin’s shares.

  There are very strong opposition forces inside and even outside of Huaxin International, and they do not want foreign capital to control this chip manufacturer that has developed with great difficulty.

   Zhang Rujing originally also belonged to Dahan Telecom, but this company has a long approval process!

   Coincidentally, Huaxin International has caught up with Samsung's price reduction strategy since last year, and has been bloodbathed in the storage chip market, causing all the stocks listed in the US and Hong Kong stocks to plummet.

  The approval of Dahan Telecom is dragging on. Huaxin's share price has been cut in half compared to the beginning of the year. If it drags on for a while, it should be able to cut to the ankle. "

  Xia Jingxing sneered, he also guessed that Dahan Telecom's process was fake, deliberately delayed it, and waited until the stock price fell and could not fall, and then invested in shares, thereby saving a lot of costs.

   From a business perspective, this is beyond reproach.

   However, Dahan Telecom played like this, and Zhang Rujing was forced to come to find his foreign aid, which is completely true.

The reason why Zhang Rujing stepped down in the previous life, the failure of the lawsuit between Huaxin and Wandian was only the last straw that overwhelmed the camel. The huge shrinkage of the financing amount and the excessive dilution of the original shareholders' equity were the most important reasons for the dissatisfaction of the original shareholders. .

   The reason why the financing amount did not meet the standard is because Huaxin was played by Dahan Telecom.

   In the end, being forced to the point where there was absolutely no way, Huaxin International knew that it would suffer a loss and would also take the life-saving money from Dahan Telecom.

   If it’s just a means of investing in shares, Dahan Telecom did not give Huaxin International much support in the follow-up. Some people wanted to introduce the CIC Group, which is not bad for money, to give blood to Huaxin, but Dahan Telecom strongly opposed it.

  Although CIC successfully invested in Huaxin in the end, the amount of financing was far lower than expected. It was only a mere US$250 million, which was not enough to build a new production line, let alone a breakthrough in advanced manufacturing processes.

  What is Dahan Telecom doing this for?

The purpose of    is to ensure his position as the largest shareholder in Huaxin International, and to gain access to the advanced level by mastering this chip company and becoming the "XX capital" of some people.

   Anyway, just because I don’t want to invest in Huaxin on a large scale, and I don’t allow other people to invest, I just maintain the status quo, which is good.

   Focusing on the position of the largest shareholder, several major shareholders of Huaxin have fought openly and secretly for seven or eight years, which has seriously slowed down the progress of research and development. Until 2017, when Liang Mengsong was recruited, he returned to the right path of chasing Bay Power and tracking advanced manufacturing processes.

   Therefore, Xia Jingxing did not have a good impression of Dahan Telecom at all. Not only did it live up to the expectations of the public, but the company was also full of the style of an official.

  Xia Jingxing said lazily, "Then what should we do now? We've already talked about halfway through, let Huaxin International be handed over to others?"

   "No way!" The people in the big room said in unison.

  Xia Jingxing smiled, "It seems that everyone is still reluctant to give up the meat that is close to their mouths."

  Li Guangnan said: "Although I am from the system, I think it is better for Huaxin International to be handed over to Fuxing Semiconductor, and it can achieve greater development.

   Dahan Telecom has been tossing about the TD standard bought from Siemens all day long. I think they don't have the energy to invest in the semiconductor industry on a large scale, and at most be a supplement to the industry chain. "

  Xia Jingxing had a faint smile on his face. Dahan Telecom did not have any technical background. As one of the three major 3G communication standards in China, the TD standard was actually bought from Siemens.

  The reason why Siemens is willing to sell is because they have to compromise on the greedy telecom equipment market in China, and they have put their main energy into the promotion and occupation of another large and more mature 3G standard, W-CDMA.

   Moreover, the TD standard itself has great defects, and Siemens and other international telecom equipment manufacturers are not very interested in it. This is the reason why mobile is lagging behind in the 3G era.

   However, miracles happened in the cottage. The last two companies of "Great China" all followed the TD standard and ate a wave of dividends and strengthened their strength.

   is equivalent to 1G and 2G purely as spectators, and needs to endure high prices and exploitation by foreigners;

  3G was bought and developed again. Although it stumbled, it accumulated domestic technology and built an industrial chain;

  4G was able to catch up with the international pace, and 5G even began to threaten international manufacturers.

   However, compared to Chrysanthemum Factory, Dahan Telecom's performance is much more hip, and it belongs to the kind of people who wake up early and catch a late show.

  Deng Yuanjun said with some worry: "If there is no accident, next year should be China Mobile to undertake the task of promoting the TD standard. If it offends Dahan Telecom, they make trouble and what should China do if China Mobile stops cooperating with us?"

Xia Jingxing waved his hand, "It's not so mysterious, these brothers are separated from each other, if it's a small matter, Mobile may help, really let them give up their own interests to help Dahan Telecom, I don't think Wang Jianyu is like that. Man, unless he doesn't want to progress."

   Hearing this, everyone in the room burst into laughter, and the fear of the power of the official face faded a lot.

  Xia Jingxing waved his hand and said very domineeringly: "No matter which gods come to block, we have decided on this Huaxin International, maintain the original plan, speed up the negotiations, and finalize the overall transaction plan as soon as possible.

   As for Dahan Telecom, let’s do telecom equipment honestly, half-hearted people will eventually achieve nothing.

   That's it, let's end the meeting! "

   Seeing Xia Jingxing who walked away quickly, most of the people were shocked, and then they couldn't help showing a bit of concern, such a lack of face, I was afraid that something would happen!

   (end of this chapter)