Either agree to some of Intel's demands.
Either agree to ACOM's exorbitant demands.
However, Xing Baohua never followed the script laid out by the old aristocrats. He used the most common venture capital method for acquiring ACOM, aiming for a high return on a small investment.
Isn't this guy afraid that the old nobles will arrange for a few nominees to bid against ACOM and thus drive up the price?
Where did he get the courage to spend 20 million pounds sterling?
The old nobles decided to test Xing Baohua's reaction first. During the second meeting, another company that wanted to acquire ACOM would appear and raise the price to fifty million pounds sterling.
After Xing Baohua left, a dispute also broke out within ACOM, involving 20 million British pounds.
Hauser, the technology's founder, also stated that without substantial financial investment, it would be difficult to develop the next generation of chips.
If no new investors come in, you'll have to pay out of your own pocket.
One sentence about putting money in shuts up the small shareholders. To be honest, these small shareholders have too little capital, and the semiconductor industry is a bottomless pit; you can't make much money just by selling technology.
If they had the resources, they would have already opened a wafer fab to produce their own chips. Given the current global demand for chips, they would have made a fortune.
Most chip manufacturers have wafer fabs of varying sizes, operating in an integrated model.
Of course, there are many people who design chips, but they have fewer customers.
ACOM's shareholders unanimously decided that they could not agree to 20 million pounds sterling for Xing Baohua, and they negotiated a bottom-line price.
The minimum investment was 30 million British pounds, with no upper limit. Subsequently, based on Xing Baohua's demand for 51% of the shares, they were allocated.
Not a single minority shareholder withdrew; they all retained their shares.
After their discussion, they planned to inform Xing Baohua the next day and continue the conversation.
When Xing Baohua, the coward, returned to the small warehouse and saw the group, he asked without saying a word, "Have you all made up your minds?"
“Xing, £100 million is our bottom line,” Chris Curry said.
Xing Baohua looked at this man with a smile. Yesterday he said he wanted 2 billion pounds, but today it's only 100 million pounds. There's still a lot more to this story, and it can be compressed further.
"Two thousand five hundred pounds," Xing Baohua said calmly. Since he'd already raised the price, it meant the real bargaining had begun.
Yesterday, Xing Baohua only mentioned 20 million, and no one discussed it further until today, when one offered a lower price and the other offered a higher price, showing the other party's sincerity in selling the shares.
Once the price is right for both parties, ACOM's major shareholder will basically emerge.
But just then, Chris Curry received a phone call, pausing the negotiation because another company was also in the running and said they would be there soon.
Xing Baohua glanced at everyone, then took out another cigarette, lit it, and remained expressionless, as if waiting.
Everyone was watching him. Logically, he should have been angry to hear that someone had interfered in the competition. But he remained remarkably calm.
After waiting for about twenty minutes, people from the competitor company appeared in the small warehouse. There were seven or eight of them, all dressed in suits, even the women were in business suits.
The warehouse is a bit crowded.
The other party didn't introduce any company; in short, the representative sat opposite Xing Baohua. They immediately offered 50 million British pounds to acquire 51% of ACOM's shares.
Xing Baohua didn't even look at the other person, a slight sneer on his lips.
This kind of double act was performed in a really bad way.
The audience is a group of people with a certain status. How can you treat them like this? Do you think you're being fair to their intelligence?
The price was announced, but no one present made a sound. Even the noisy minority shareholders kept quiet, and some even looked at each other.
Finally, everyone's eyes were fixed on Xing Baohua.
After a moment, Xing Baohua looked at everyone and said, "Why are you all looking at me? Chris Curry, this new gentleman has offered fifty million pounds, which is more than double what I offered. You guys should sign the contract quickly."
Xing Baohua's words stunned everyone for a few seconds.
The new competitor addressed Xing Baohua, saying, "Mr. Xing, it's an honor to meet you. My name is Bob Johnson, and I'm from the Newport wafer fab."
When the other party mentioned the Newport wafer fab, Xing Baohua's eyes narrowed slightly.
This is Daying's largest wafer fab, established in the early 1980s. Xing Baohua didn't know much about this fab, except that it had ripped them off.
Our country lacks chips and technology, and our Chinese companies finally found a heavily indebted, bankrupt wafer fab. Yes, that's the Newport wafer fab.
When the wafer fab was on the verge of collapse, the Chinese company secretly acquired shares, maintaining a certain stake. A few years later, when the fab could no longer sustain itself and declared bankruptcy, the Chinese company sent representatives to negotiate, spending over 60 million British pounds to acquire all remaining shares, gaining 100% control.
The transaction price wasn't much, but the debt to be repaid was enormous. The debt was astronomical.
After several years, the company finally paid off its debts and began to improve. However, the original shareholders of the company, together with their government, used fabricated charges to force the Chinese company to sell 86% of its shares within a specified time.
The original shareholders can then repurchase 86% of the shares.
The deal was completed years ago, and yet there's still this backtracking. What's even more infuriating is that it received support from the Great Eagle Empire.
This isn't just about breach of contract; this is utterly shameless.
There is no precedent in the world for a successful acquisition, followed by the repayment of debts, only to then abandon the deal and withdraw from the acquisition.
Strange things happen every year; you can't imagine where the bottom line is for these kinds of capital.
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