But it's only the beginning of the new year, there are still eight or nine months to go!
At that time, Xing Baohua had a lot of money.
You could try to lower the price, but that won't work now; they're clearly treating Xing Baohua like a sucker.
If the price is not right, Xing Baohua asked the other party to come up with a reasonable price proposal.
A time was agreed upon for the next negotiation.
Xing Baohua also knew that time was of the essence, and with his involvement, Renault could negotiate with Chrysler.
Look, even people from the East want it, and they're offering quite a high price. If you want it, you'll have to raise your requirements.
They were just using Xing Baohua as a shill.
Even if Xing Baohua agrees to that price, Renault won't sell to him immediately.
The first thing to watch is the reaction from the United States.
The second factor is Chrysler's offer.
Currently, Xing Baohua's only remaining channel to purchase AMC shares is through the stock market. Once the disclosure threshold is met, he will either issue a takeover offer or launch a hostile takeover bid.
The invitation was merely a polite gesture; once a hostile takeover was launched, it would easily provoke public outrage. Given the nature of the United States, they wouldn't let Xing Baohua succeed so easily.
Nationality imposed numerous restrictions on Xing Baohua's life in the United States.
The best approach is to negotiate with Renault gradually and take over the AMC factory amicably.
Xing Baohua is not very familiar with the current legal procedures for acquiring companies.
A professional acquisition legal team is a must; having money is like a passport in America.
After consulting with his lawyer, Xing Baohua realized that moving the factory back would be very difficult.
Once Xing Baohua completes the acquisition, the factory workers cannot be dismissed at will.
Moreover, AMC is a listed company, so unless Xing Baohua once again comes up with huge financial resources to repurchase those circulating shares.
Delisting is a solution for private ownership.
After that, dismissing AMC's senior executives or employees is simple; as long as you have money, just pay more severance pay.
Peaceful resolution of labor relations is one of the best solutions.
If the solution is forced, it could lead to union intervention and even imprisonment for Xing Baohua.
According to the lawyer, it would cost Xing Baohua around 700 to 800 million yuan to bring AMC back to its former state.
If he had money right now, Xing Baohua would move without hesitation. The problem is, he doesn't have much money right now.
It was all used to fill the hole and invest.
Negotiations were temporarily suspended, but fortunately Xing Baohua sent people to contact other car companies.
General Motors, Ford.
Chrysler had considered contacting them as well, but decided against it for the time being, considering they were competitors.
Anyway, since you're in Detroit, take the time to observe and learn more. You might even gain something from it.
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