My Age of Investment

   Chapter 767

  The next day, in the afternoon.

  Meeting room of Golden Hotel in Fengcheng District, Foshan City.

  Xia Jingxing and the leaders attending the meeting shook hands one by one, expressing joy, because the negotiations on Kelon Electric have made breakthrough progress, and the rest is to go through the process.

  The leaders in white shirts were also quite happy, and felt that they had achieved their goals and were able to communicate with all parties.

  In short, both parties are very satisfied with the negotiated plan.

   "President Xia, our business environment in Fengcheng has always been well-known. If you have any difficulties and needs, just speak up."

   "Thank you for your leadership! With such an enlightened government as our strong backing, we have full confidence in making Kelon a world-class home appliance brand."

   "Haha! Then I can remember your words."

  ……

  Several leaders left with a smile.

  After bidding farewell to a few people, Xia Jingxing turned around and found that Li Ying and Liu Xiaoduo were staring at him intently.

   "What are you looking at? Admire my handsome face?"

  Li Ying and Liu Xiaoduo laughed out loud. The former said, "Mr. Xia, you still have a way to catch it."

  "You still need to be hard when you strike iron. If you swipe your face card, it will overdraw your commercial credit."

   Liu Xiaoduo squatted, "We didn’t swipe our face cards either. I offered such a good condition that a fool would not agree."

  "Do you think the conditions we gave are good?" Xia Jingxing gave Liu Xiaoduo a glance.

   "Isn't it good enough?"

   Liu Xiaoduo shook his fingers, "First of all, Kelon Electric still stays in Fengcheng, contributing fiscal revenue and solving employment for the local area.

  Secondly, for the 260 million shares of Kelon Electric held by Greencool, Hisense originally offered 900 million yuan. Later, after auditing Kelon’s assets, it was found that the loopholes were too large and adjusted to 680 million.

  We gave 800 million yuan, which is more than one billion yuan.

  Finally, you also promised that in the next three years, you will invest an additional 1 billion yuan in Kelon Electric to increase scientific research technology and production capacity..."

  Looking at Liu Xiaoduo who was chattering endlessly, Li Ying chuckled at her: "It's too smart to calculate the account!

  Kelon Electric’s Risk Management Office has let go of it very early. If a restructuring party is introduced, priority will be given to companies with industrial backgrounds, such as Hisense, which specializes in black power business, and local companies, such as Midea.

  Compared with them, we do not have an advantage in industry or territories. The only advantage is..."

  Li Ying glanced at Xia Jingxing, “Mr. Xia, the people you often talk about are stupid and rich!”

  Xia Jingxing is full of black lines. Is this complimenting me or hurting me?

  Li Ying smiled, “This sentence is absolutely not derogatory. We have money, so we naturally want to use our strengths and avoid our weaknesses. We must not be lenient when we should spend money.”

  Xia Jingxing pursed his lips and said nothing.

  Li Ying looked at Liu Xiaoduo again, and explained: “Also, Fengcheng is one of the regions with the most complete home appliance industry chain in the country. If we don’t stay here, should we relocate?

  As long as they dare to move, the bank will dare to block the door and ask for money tomorrow. Don’t forget, Kelon still owes a lot of money to the local bank.

The 800 million we paid will be divided into two payments. The 500 million down payment will not reach the hands of Gu Chujun in prison. He illegally embezzled Kelon Electric over 400 million. This equity transaction will be paid first. The court appointed the account, and then the court unfrozen the equity. After we and Greencool completed the equity transfer, the money was returned to Kelon Electric, and the company’s lack of money would be greatly alleviated.

  Banks and creditors will be stabilized by the Risk Management Office.

  Next, just need Kelon Electric to resume normal operations and pay back the money slowly, all problems will be solved.

  Now, do you think it is expensive to spend 800 million to buy a 26.43% stake in a company with an annual output of 8 million refrigerators and 4 million air conditioners?

  As for the investment of 1 billion yuan in the next three years, this is what it means. If we want to surpass the old-fashioned home appliance companies and become China's leading home appliance companies, we can only increase our money. "

  With such an explanation, Liu Xiaoduo understood in an instant. It seems that this business is not as unworthy as he thought.

   "Okay, let's not talk about this."

   Sit back to the chair in the conference room, Xia Jingxing looked at Li Ying and said: “The illegal encroachment of the company’s funds by Kelon’s major shareholders has a very bad impact!

  After the capital chain broke, it began to default on payment to suppliers and logistics providers, causing some suppliers to stop supplying, production suspension, and production capacity decline;

  The dealers are constantly urging the goods, but the goods are late, and some dealers stop cooperating and invest in another place;

  The insiders of the company were panicked, thinking that the company was going to die soon;

  Capital market stock prices plummeted, stock credit rating downgraded..."

   After presenting a large number of problems sorted out, Xia Jingxing looked at Li Ying and said lightly: "So many problems are directed to a core point, and both external and internal people have insufficient confidence in Kelon.

  After we take over, you should start from rebuilding your confidence and re-polish Kelon, a sign that has been dusted. "

  Li Ying nodded, "Okay, I will take this problem as the first task to solve. With the golden sign of Mr. Xia, your richest man, this problem is not difficult to solve."

  Xia Jingxing smiled, did not say anything humbly, and naturally agreed to the compliment of the other party.

   "I am not worried about the restoration of order in Kelon, the only thing I am worried about is the market structure."

  Xia Jingxing tapped his finger on the tabletop. He didn't want to be the second child of ten thousand years. He had to overwhelm Haier and Gree.

  Li Ying knew Xia Jingxing’s obsession and replied with a smile: “This matter can’t be done overnight. After all, the two of them have too deep roots, and their reputation and brand have always been stronger than Kelon.”

"You should be able to feel the trend of the past few years. It is moving from the Spring and Autumn Period to the Seven Heroes of the Warring States Period. Mergers and acquisitions have never stopped. We must make a difference during this window period, and at least not be left too far behind. .

When    develops to the back, the advantage of mass appears. The strong will remain strong, and the weak will only be swept out. "

  Li Ying looked up at the ceiling and sighed, "I'm afraid that a price war will break out like the TV market in the past, and the price butcher almost wiped out the industry."

  Speaking of TV sets, Xia Jingxing’s eyes lit up, "Have you been in touch with that one?"

   "The trustee went to prison to take a word, and hasn't answered us yet."

  Xia Jingxing put her arms around her chest and looked at the desktop quietly.

  The profit of TV sets is not high, but as an indispensable large item for smart homes, they still have to bite the bullet and enter to complete the closed loop of the industry.

   "Okay, let's get in touch first, don't worry, digest Kelong first."

  Li Ying asked: "We only have the largest shareholder seat of Kelon Electric at the moment, and our shareholding is less than 30%. Should we consider buying some more shares?"

  Xia Jingxing shook his head, "Not for the time being."

  Looking out the window, he was thinking in his heart that good steel should be used for blades. The ceiling of the household appliances business is obvious. The precious funds should still be used for forging sharper blades.

  (End of this chapter)