Time flies.
As the impact of the financial crisis deepened, Deshixin Technology Company had problems with its capital chain and requested to suspend the joint venture project. The price was to transfer technology to [Dongsheng Electronics] for $1.
Yu Mo and Fan Shilun did not force each other too much. They gave each other three months and agreed to each other's plan.
Deshixin Technology is now in trouble because of the lack of foreign exchange, the import of raw materials is blocked, and the operating costs are soaring. The sudden financial crisis affected many banks in Bangkok, and the financing capacity dropped sharply.
In fact, it is not only Deshixin Technology Company, but also a large number of local companies are in trouble.
"Mr. Du, the first phase of the company's joint venture project in Bangkok has been completed. The next trial production has encountered many difficulties, but we should be able to overcome them."
Fan Shilun called and reported the situation in Bangkok to Du Shaojie.
He has been staying there during this period. Although he did not participate in the operation and management of the factory, he provided a lot of help for the trial production of this production line.
Fortunately, the funds for the first phase of the project have been in place long ago, otherwise I am afraid that even the trial production cannot be organized.
"Thank you for your hard work! Leave the rest to the factory management. Mr. Yu has already made arrangements for this, so we don't need to worry about it. Your only task is to implement the established plan and find opportunities for acquisitions."
There is no problem with the trial production, and there will be no problem with the subsequent mass production.
Fan Shilun said that the factory has already stockpiled various raw materials in advance, enough to support at least three months of mass production.
Du Shaojie is more concerned about taking this opportunity to fully acquire a PCB company. There are several good PCB companies in Bangkok. If Deshixin Technology can't hold on, it will also be included in the acquisition.
He estimated that the joint venture project between [Dongsheng Technology] and [Deshixin Technology] is almost over. The other party will definitely not be able to fulfill the investment agreement for the subsequent second and third phase projects.
Of course, Yu Mo made the final decision on this matter.
[Dingxin International] provided people and money, but after all, they are not experts. Some things are still based on [Dongsheng Electronics].
Du Shaojie and Qi Yan's family had already left Hong Kong. Du Shaojie and Qi Yan took their daughter to "Singapore, Malaysia and Thailand" for a tour, and then returned to Guangzhou together.
After going public, the development speed of [Beichen Education] did not slow down, but showed an accelerating trend.
Qi Yan resigned from the position of general manager of the company and only served as the chairman of the company. She finally had more time for herself.
In the past few months, she and the little guy were basically with Du Shaojie. Occasionally, she would fly to Beijing to handle some official business and return to Guangzhou within a few days.
"The real estate market in Hong Kong has fallen badly. How many people will be killed by this? Look, this movie star has gone bankrupt, which shows that the situation is really not optimistic."
The financial crisis started in Bangkok and then swept across Southeast Asia, and Hong Kong was not spared.
The real estate market plummeted, the stock market plummeted, and even the foreign exchange market began to be in crisis.
Qi Yan has been concerned about Hong Kong's affairs recently, mainly because of the stock price of [Beichen Education]. It's just a pity that under such a big environment, the stock price of [Beichen Education] has also suffered setbacks.
"The most dangerous moment should not have come yet. You should also be prepared. I'm afraid that it will be impossible to conduct secondary financing for a period of time."
Du Shaojie had anticipated the current situation, but he still felt a sense of fear when he was in the situation.
He suggested that Qi Yan make arrangements early, as everyone might have a hard time in the next period of time.
"Yeah, it's time to take some measures. Husband, my daughter and I will return to Beijing in two days, take care of yourself."
In an extraordinary period, Qi Yan planned to return to the company to take charge.
She did not take Du Shaojie to Beijing with her, because she knew that this storm was both a challenge and an opportunity for her man, and he still had a lot of things to deal with here.
The couple was busy again.
Du Shaojie came to Hong Kong with Pang Weidong and Xu Bo, and in a panic, they began to buy properties at a low price.
Pang Weidong and Xu Bo bought a house and an office building respectively, while Du Shaojie took the upper and lower floors of the original office building at the bankruptcy auction of other companies.
The three-story office building is connected together and now belongs to the assets of [Dingxin International].
In addition, Du Shaojie also took the opportunity to buy several storefronts and will re-arrange stores such as [Xichuan Restaurant], [Seafood Square], [Xiangweiju] and [Sushuweixiang Old Hot Pot].
After the layout is completed, all stores will no longer have to rent storefronts from others, and can all use the storefronts owned by [Dingxin International].
During this period, all industries are in recession, and renting storefronts owned by one's own family can keep the rent to the lowest.
After finishing these things, Du Shaojie, Liang Meiqin, Yu Mo and others flew to Bangkok.
Deshixin Technology Company has officially notified [Dongsheng Technology] that they will not be able to continue investing in the joint venture project and are willing to transfer the shares of the joint venture company at a low price and withdraw completely.
Liang Meiqin and Yu Mo will personally lead the team to negotiate with the other party this time, and propose an acquisition plan in the name of [Dongsheng Technology].
Du Shaojie did not participate in the negotiations, but he was the final decision maker behind the scenes. He personally went to Bangkok to take charge, and was obviously determined to acquire [Deshixin Technology Company].
"Finally, it has come to this!"
The boss of Deshixin Technology Company had expected that the company could not hold on any longer, and would either file for bankruptcy or be acquired.
Now is not the time for the company to be glorious, and it may not be difficult to find a buyer even if it is sold at a discount. There is not much time left for him, and in fact, he does not have much room for bargaining.
Liang Meiqin and Yu Mo negotiated with the people of Deshixin Technology early in the morning every day, and finally turned the joint venture into their own wholly-owned company at a cost of 3.2 million US dollars.
The two promised not to pursue Deshixin Technology's breach of contract liability and signed an agreement.
Deshixin Technology Company was very satisfied. Although it only got back half of the money it invested, the other party agreed to settle in US dollars and waived the huge penalty for breach of contract.
Speaking of which, they still have to thank Liang Meiqin and Yu Mo.
The acquisition negotiations were much more difficult. Deshixin Technology was desperate to sell at a good price. The two sides were arguing every day. Later, Yu Mo and Liang Meiqin simply stopped showing up and handed the negotiations over to their subordinates.
"Mo Mo, Meiqin, we have to be patient. It's not us who are anxious now, but Deshixin Technology. I inquired and found that the other party has another US dollar loan due for repayment next month. If it defaults, the consequences will be very serious."
Du Shaojie has not been idle these days. He and some executives of Bangkok First Bank have quickly established a good personal relationship.
A lot of information was provided by these people. They have been deeply involved in the financial industry for many years and have strong connections.
"Oh? Ajie, you are really amazing. You can find out such information. Meiqin, starting from tomorrow, we will take turns to participate in the negotiations. We have to put some pressure on them appropriately."
Yu Mo is very persistent in taking over [Deshixin Technology Company]. The current opportunity is rare and must be seized.
Liang Meiqin understood and couldn't help but smile.
In the following negotiations, Yu Mo and Liang Meiqin changed their usual gentle style and became aggressive. Time is not very meaningful to them, and a little time cost is still affordable.
But time is a life-and-death test for [Deshixin Technology]. If they delay any further, they may be forced into bankruptcy.
"It is true that those who come with bad intentions will not come with good intentions! Forget it, agree to their conditions, we can't afford it anymore."
The boss of [Deshixin Technology] sighed to the sky, if he was forced into bankruptcy, his loss would be even greater.
In the end, [Deshixin Technology] sold the entire company to [Dongsheng Technology] for US$79 million. That is, [Dongsheng Technology] achieved full ownership without leaving any tail.
That night.
Du Shaojie, Yu Mo, Liang Meiqin and others held a cocktail party at the Hilton Hotel to celebrate the successful completion of this acquisition.
Many prominent figures from the local financial and industrial circles came. Pang Weidong and Xu Bo also flew over to participate in the celebration and introduced several powerful local snakes to Du Shaojie and others.
"Mr. Du, congratulations! You are the final winner, and I can go back to the countryside to retire."
The boss of Deshixin Technology Company also came. He is a man in his 50s and looks very educated.
Although he fell in this financial crisis, he still has huge wealth and cannot be regarded as a loser. He has a manor in the countryside, which occupies a large area. After returning, he can still enjoy the most luxurious life.
"Thank you! Thank you for your generosity and giving us an opportunity. I heard that your manor in the countryside is very beautiful. If it's not too much trouble, I think I will go to visit you."
"Welcome! Very welcome!"
The two shook hands and went to work.
Du Shaojie and the other party were not enemies, but certainly not friends. It was inevitable that Deshixin Technology would end up like this. Du Shaojie and others took action to acquire it, and the price they offered was fair.
If it had waited until bankruptcy, the boss of Deshixin Technology might not even get half of the acquisition price.
Liang Meiqin and others completed their mission. In addition to sending people to serve as financial directors and administrative supervisors, all other matters were thrown to Yu Mo. ,
Yu Mo's task is to quickly resume production and thoroughly reorganize the company's management structure. Technical personnel will stay temporarily, front-line workers will stay temporarily, half of the middle-level cadres will be retained after screening, and all senior management will be dismissed.
The vacancies in management personnel will be transferred from China, with the purpose of taking control of the company as soon as possible.
As for the second and third phases of the joint venture project, they will be shelved indefinitely until they have completely digested [Deshixin Technology Company].
"Shaojie, you are still far-sighted. This time we successfully acquired [Deshixin Technology], and it only cost 79 million US dollars. If it was not a year ago, it would have cost at least 120 million to 150 million US dollars."
In order to reward the negotiation team for [Dingxin International], Du Shaojie specially chartered a business jet to take everyone back to Hong Kong. (End of this chapter)
Continue read on readnovelmtl.com
