Inside the meeting room.
Fan Boming and his entourage sat opposite Daimler executives.
Brent Charles, CEO of Daimler, spoke first: "Mr. Fan, congratulations on your company's acquisitions of Lamborghini and Rolls-Royce. However, as Germany's leading automobile company, Daimler will not accept the acquisition, and neither Germany nor the European Union will approve it!"
This is a very frank and sincere statement, and it is also the truth.
Fan Boming smiled and nodded slightly, indicating his agreement and understanding of Rent Charles's words.
However, his visit to Daimler this time was not for the purpose of acquiring the company.
Fan Boming shook his head and smiled, "Mr. Charles, I think you may have misunderstood. Tiangong Technology has no intention of acquiring Daimler."
"Oh? Then what is the purpose of your visit?" Rent Charles asked, puzzled.
Fan Boming said, "Our company is optimistic about Daimler and wants to invest in Daimler, and... there are also some business collaborations, such as technology transfer, joint ventures to build factories in mainland China, and huge orders!"
"I won't go into detail about technology imports. Our company hopes that by acquiring a stake in Daimler, we can obtain some advanced car manufacturing technologies."
"I'd like to mainly introduce to you the joint venture factory construction and the huge orders in mainland China."
"As we all know, China has a huge demographic dividend. If we build the factory in mainland China, we can save a lot of manufacturing costs. Our company hopes that both parties will jointly invest US$5 billion to build a large automobile manufacturing plant in mainland China that can produce Mercedes-Benz, trucks and buses."
"We can provide funding, sales channels, promotional resources, and take charge of operations, etc..."
"You only need to provide some funding and technology."
"Once the cooperation is reached, Wujiang Group will place orders with this joint venture factory totaling no less than $5 billion!"
Wujiang Group will purchase a large number of Mercedes-Benz vehicles as personal transportation for senior executives, and may also reward outstanding employees with Mercedes-Benz vehicles.
Purchasing a batch of buses can also provide transportation convenience for ordinary employees, making their commute to and from get off work more convenient.
Lalamove Logistics, a subsidiary of Wujiang Group, will also purchase a large number of Mercedes-Benz trucks for long-distance transportation. Wanjiang Real Estate also needs a large number of trucks for transporting building materials.
Wujiang Group is too large, with many subsidiaries, so a $5 billion order is easy to secure.
Tiangong Technology Company will inevitably take the lion's share in this joint venture.
At this moment, the Daimler executives, after hearing Fan Boming's words, all showed surprise and were quite tempted.
Brent Charles tentatively asked, "How much of the shares do you want from Tiangong Technology's investment in Daimler?"
Fan Boming said, "Tiangong Technology's parent company, Wujiang Group, can provide tremendous help to Daimler, so our requirement is that we must become a major shareholder of Daimler; otherwise, there is no point in investing in Daimler."
Daimler's shareholding structure is relatively dispersed. Institutional investors (banks, insurance companies, and investment trusts) hold 68.8% of Daimler's shares, private investors hold 20.5%, the Kuwait Investment Group holds 7.6%, and Renault and Nissan each hold 1.54%.
Brent Charles thought for a moment, then nodded, indicating that there was no problem.
As a subsidiary of Wujiang Group, Tiangong Technology is indeed qualified to become a major shareholder of Daimler. Wujiang Group can provide great assistance to Daimler, and it is expected that other shareholders will also welcome Wujiang Group's participation.
"How many shares exactly?" Brent Charles gestured for Fan Boming to continue.
Fan Boming said, "30% of the shares!"
Brent Charles and the other executives exchanged glances, secretly cursing Tiangong Technology for its enormous appetite, asking for 30% of the shares. In Daimler, where shareholding is relatively dispersed, that would essentially give them control of the company.
“Mr. Fan, you’re asking for too many shares; I’m afraid we can’t meet your demands!” Brent Charles said, frowning.
Fan Boming smiled and said, "As long as there are enough benefits, I believe anything is possible! You know, the more shares Tiangong Technology Company holds, the more hard we will work to help Daimler expand its market! In the internet field, Wujiang Group holds a dominant position; in the traditional media field, the rising giant, Oriental Media, stands tall globally, owning Oriental News Agency, many well-known newspapers and magazines, as well as multiple television stations. Its publicity resources are unparalleled; at the same time, Wujiang Group is also a global gaming giant and has begun to exert its strength in the film industry. These resources are of great significance to Mercedes-Benz."
"I ask you, could Daimler's other shareholders provide such substantial assistance as we have?"
"Therefore, it is not unreasonable for us to ask for 30% of the shares."
"Because we're worth the price!!!"
"Daimler's ambition to become the world's largest automaker is absolutely inseparable from the help of Wujiang Group!!!"
“Mr. Fan, perhaps you have a point. Let’s put that issue aside for now. Let’s talk about the joint venture factory in mainland China. What percentage of the shares does your company want to take in this joint venture?” Brent Charles said.
"In the joint venture, Tiangong Technology will hold 60%!" Fan Boming said firmly, leaving no room for argument.
The joint venture mainly targets the domestic market. Wujiang Group is not only a local player but also a major customer, so it is only right that they should take a larger share!
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