"Zeiss has a long history in East Germany, and the acquisition must be swift! Rex, you tell the East German government that Wujiang Group is willing to acquire East Zeiss in US dollars, and Wujiang Group is also willing to offer $500 million in exchange for East German marks!!!"
With the East German economy in a slump, the East German mark naturally continued to depreciate. For the East German government, the US dollar was extremely important foreign exchange.
Rex Eden was taken aback when he heard this. The East German mark had been depreciating, and his boss was willing to exchange dollars for East German marks. Wasn't that a huge loss?
“Boss, it’s one thing to use US dollars to acquire East Zeiss, but why spend an extra $500 million to exchange for East German marks? You know, East Germany is corrupt, its economy is on the verge of collapse, and the East German mark has been depreciating for years. Exchanging US dollars for East German marks doesn’t seem like a good deal!” Rex Eden said, frowning.
Upon hearing this, Zhao Ye couldn't help but smile slightly. Indeed, under normal circumstances, the East German mark would continue to depreciate. However, who could have imagined that after German reunification, Germany would provide such a massive economic boost to East Germany? The most prominent measure was a comprehensive, one-step financial injection to aid economic reforms in the East. The most crucial measure was the exchange of East German marks for West German marks, allowing former East German citizens to exchange their worthless East German marks for West German marks at a 1:1 ratio—meaning, based on the actual exchange rate at the time, the East German mark was overvalued by a staggering 400%.
By then, Wujiang Group will have a large number of East German marks in its hands, which should be enough to make a fortune!
If Zhao Ye hadn't been worried that Wujiang Group would take too many East German marks and offend the German government, why would he have only exchanged them for East German marks worth $500 million?
Zhao Ye didn't explain these things to Rex Eden, but simply told him to do as he was told.
Needless to say, the Dong D government was extremely surprised when it learned of the conditions proposed by Zhao Ye. Any resistance seemed insignificant in the face of money.
Besides, selling a loss-making, bankrupt company and getting a large amount of foreign exchange is definitely worthwhile!
On Christmas Day, December 25th, the East German government officially approved the Wujiang Group's plan to acquire East Zeiss.
When this news reached China, it immediately caused a huge sensation in the industry!
Researchers in the domestic lens-related industry were shocked.
The country's top leaders were all excited.
After learning what kind of company Zeiss is, the general public felt proud.
Although East Zeiss has struggled in recent years, suffering heavy losses at the hands of Japanese manufacturers, it remains a formidable force. As a globally renowned optical giant, Zeiss's optical lens technology remains among the world's most advanced!
Wujiang Group paid a considerable price to acquire East Zeiss, but it was well worth it.
The next morning, Rex Eden arrived at East Zeiss.
“Mr. Lance Garden, please summon all the research and technical personnel. I have something to say to you,” Rex Aiden said to Lance Garden, the new president of East Zeiss.
During his year-long investigation, Rex Eden discovered that while East Zeiss's top management was corrupt and inefficient, there were still some diligent and talented individuals, among whom Lance Garden was a standout. Therefore, on the day Wujiang Group acquired East Zeiss, Lance Garden was swiftly promoted to the new president, and a large number of corrupt officials were ruthlessly dismissed, including several East Zeiss executives who had accepted bribes.
These people couldn't help but curse Rex Aiden for being ungrateful and betraying his benefactor.
However, when Rex Eden directly presented them with evidence of their abuse of power and embezzlement of East Zeiss's profits, they immediately cowered and dared not utter a word.
“Yes, Mr. Aiden,” Lance Garden replied, and then went to notify the East Zeiss research and technical staff to attend a meeting in the conference room.
Half an hour later.
The group arrived at a large conference room.
At this time, the East was in industrial decline, its economy was on the verge of collapse, social injustice was severe, and the privileges and corruption of the bureaucratic class, along with the suffocating political pressure, made it impossible for people to see any future or way out.
In addition, the continuous losses of East Zeiss have led to a very tight financial situation for the scientific and technical personnel at East Zeiss. At a glance, everyone's spirits and morale are very low.
However, Wujiang Group's acquisition of East Zeiss gave them a glimmer of hope.
Rex Aiden looked around and said loudly to everyone, "Hello everyone, my name is Rex Aiden. On behalf of Chairman Zhao Ye, I welcome you all to the Wujiang Group family! Here, I have an important announcement to make."
He paused, then continued, "Currently, the environment in East Germany is extremely poor. Chairman Zhao hopes that you can all go to Shanghai, China. Shanghai is China's most economically developed and prosperous city, ranking among the top in Asia. Wujiang Group can provide you with an excellent research environment, research start-up funds far exceeding the competitiveness of others in the industry, doubled salaries, housing subsidies and housing apartment guarantees, etc..."
Furthermore, we can arrange jobs for your family members and schools for your children, eliminating all your worries.
So, is anyone interested in working in Shanghai, China?
Rex Eden asked finally.
As soon as he finished speaking, the conference room became noisy.
The crowd looked at each other, discussing amongst themselves.
"Double the salary, that's a great deal! Plus, they're arranging jobs for my family members too, so my whole family can immigrate to China."
"It's said that China has developed rapidly in recent years, and Shanghai is almost becoming an international metropolis! Moreover, the headquarters of Wujiang Group is located in Shanghai. In my opinion, it seems that we have better prospects for development if we go to work in Shanghai!"
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