There is still a lot of preparation to be done for the two tender offers of Yongke and Morningstar, especially the privatization of the latter. Once the mandatory tender offer fails, the next one will have to be separated by another 12 months.
The privatization process needs to involve management and independent shareholders, and there are many hurdles in it.
In addition, Morningstar Semiconductor is headquartered in Baodao, and factors here also need to be considered.
Fortunately, it promoted the listing of Morningstar in Hong Kong. If Morningstar chose to be in Baodao, there would be no need to consider privatization...it would only be poaching people.
Everyone in Wei Boyun's department is basically from the mainland. Yang Weiyi and Lin Yongyu, both from Zhejiang University, are all people with whom we can communicate.
Fang Zhuo practiced writing in the study quite leisurely after dinner today. Su Wei came in during the meeting, and he casually chatted about his previous meeting with Liu Suyi.
Su Wei grabbed a handful of melon seeds and came in to read calligraphy. After listening to a few words, she asked a little strangely: "Can't the privatization of Hong Kong stocks be voluntary? Why did you plan to make a mandatory offer as soon as you came up?"
Fang Zhuo stopped writing, glanced at Teacher Xiao Su, and replied: "I understand and respect the founder of the company's attitude that the company is his hard work and will not be sold. I will informally ask Mr. Liang's wishes.
.”
Su Wei understood: "You think Mr. Liang won't sell at all, so you are ready to make a mandatory offer, right? That's really respectful..."
She added: "I just feel that forced privatization is quite difficult."
"This matter is not urgent. We still need to think about it again. We can also take it in two steps." Fang Zhuo said, "The company has given two ideas. One is to directly raise the banner of privatization. If we do not receive 90%, we will
Failed."
The offeror proposes privatization, and the listed company must issue a privatization announcement before proceeding to the next step. If it ultimately fails, the offer shares must be returned to independent shareholders.
"The second is not to mention privatization, but first make a mandatory offer, obtain 50% of the voting shares, become the controller of Morningstar, and then slowly privatize it."
This is similar to the operation of Yongke Real Estate that Fang Zhuo hopes to see.
His ultimate wish is to turn the morning star into nutrition and absorb it completely, but he also needs to watch the progress of the incident and comply with various laws and regulations.
Fang Zhuo is even considering a third way. The target of Bingxin's listing is in Xiangjiang. After the mandatory offer is over 50% completed, it is not impossible to directly use Morningstar to go public through a backdoor listing.
Privatization often takes several months, and it is normal for a year or two to occur if there are setbacks. You still need to communicate with each other and look at the timing.
"Anyway, Yongke's offer should be no problem. Liu Yiyi is not incompetent. If he has the opportunity to directly become a real estate tycoon this time, he will seize it no matter what." Fang Zhuo said with a smile.
Su Wei thought for a while and said: "If it takes two years, Yongke's market value will definitely increase a lot."
The financial crisis has led to the release of water, and the overall real estate market will continue to rise.
Fang Zhuo nodded, of course he knew this.
Take Vanke as an example, 90 billion in 2010 and 150 billion in 2014, a 66% increase, which is already pretty good... From this perspective, Moutai's market value this year is less than 160 billion. In the same time, it can probably double.
The future will be brighter all the way.
And if this part of Yongke Real Estate's money is used, except for Morning Star and Lin'an Factory, it can actually obtain more value-added than in the real estate field.
But these are not the main factors that Fang Zhuo considers.
He didn't answer Teacher Xiao Su's question. Instead, he wrote four words directly.
Su Wei tilted her head and saw that on the rice paper were the four characters "Qing Qing Ba Bai".
"The original Yongke merged several real estate companies, which involved a lot. It just so happens that everyone can be satisfied with the ending. I think it's good." Fang Zhuo opened the page and wrote another impromptu one.
Four words.
Su Wei looked at it again, this time it was "Buy Maotai". The four words just now can still be understood. What is the mystery of these four words?
Fang Zhuo put down his writing brush, thinking about various matters from the previous year, and shook his head slightly: "I feel like I'm going to get busy again."
Su Wei said angrily: "President, please don't say such things to a migrant worker who has just finished working overtime every day."
"Well, you're not considerate enough." Fang Zhuo suggested with an upright face, "How about I give you a shoulder rub and show consideration to your subordinates?"
Su Wei glanced at it and mentioned a small matter: "I heard that the secretary position on the 23rd floor hired a beautiful woman. Are you usually so considerate of your subordinates?"
Fang Zhuo shook his head and didn't know. He only felt wronged and could only sympathize with Mr. Su even more.
Making waves like this, spring comes and the scenery is bright again.
In the early hours of the morning, Su Wei stepped on the soft carpet and put on a thin blanket. She was very accustomed to mentioning the listing of Tesco again at home: "I think the second half of next year will be a good opportunity to go public. The economy is recovering. We
Logistics services also need to be upgraded, the overall e-commerce market is developing, and the sentiment in the secondary market can be very good."
Fang Zhuo pulled up a pillow and said lazily: "Discuss it in the meeting."
Su Wei turned around and took away his pillow: "You have to respect my pillow style!"
Fang Zhuo tried to pull the thin blanket away, but the latter nimbly dodged it and had to say: "I just think what you said makes sense, so I want to discuss it in the meeting."
Su Wei was satisfied then, threw down the pillow, leaned in front of the dressing table and said with a smile: "I see you like Zhou Xin's cocoa very much, you are even more..."
She was interrupted before she could finish her words.
Fang Zhuo sat up straight away: "Yes?"
Su Wei was stunned for a moment before saying: "You are really suspicious, your thoughts turn around so fast... No, I just remembered that time you were holding Zhou Keke in the yard and humming nursery rhymes. I thought you liked children very much. I was there
I think if Tesco is successfully listed next year..."
Fang Zhuo said seriously: "Bring me your phone."
Su Wei took a few strange steps, picked up the phone on the table, and asked, "What's wrong? Is there anything else going on in the company at this point?"
"Convene the board of directors of Tesco and start the listing matter urgently." Fang Zhuo remained serious.
Su Wei took back the hand that handed over the phone, dumbfounded: "Do you like her that much?"
"It's about respecting the leadership's arrangements in family matters." Fang Zhuo ended the joke, "Well, if you have a plan, I will follow your plan."
Su Wei looked at this man with a half-smile, saying that next year will be a new stage for Tesco and a new stage for herself.
…
On the last day of November, three days after Fang Zhuo officially informed Liu Suyi about the disposal of Yongke shares, he received calls from Luzhou, Shanghai and Shenxin Science and Technology.
When it comes to what Liu Suyi does...
Yongke Real Estate is indeed a high-quality asset, and the first people he looked for were his friends.
However, Wang Fengyi from Shenxin Science and Technology was more suspicious after receiving the news.
"Mr. Fang, is there something wrong with you Yongke?"
"Not now? What about the future? What about the next one, two, three years?"
"Mr. Fang, tell me the truth about our relationship."
"Mr. Fang, it's not that I don't believe you... As the saying goes, actions speak louder than words..."
Wang Fengyi is very cautious.
Mr. Fang is a person that others have to think about when he takes the lead to rush forward. What's more, he wants to quit now, so he has to think more.
Fang Zhuo probably understands Wang Fengyi's psychology. Similarly, the people from Luzhou and Shencheng who came to inquire about the news have the same meaning. If there is no problem, why did you, Mr. Fang, leave?
Is there a problem with industry judgment, or is there something going on within the company?
Fang Zhuo had no choice but to reveal his plans for another business first, believing that Morningstar Semiconductor, which had an inverted market value, could be included in his pocket. This business was even more related to the ecology of the Pan-Yike Department.
Such a reason barely makes sense.
Having said that, Yongke Real Estate is indeed not very conspicuous in the Yike Group. If Mr. Fang really wants to kill the goose to get the egg, it is normal to launch Yongke Real Estate.
Fang Zhuo responded with a sincere reason and asked about contacts in three directions. Shenxin Science and Technology and Luzhou seemed to be interested in each other, with only 2%-3%. The real strength was Shencheng Real Estate Group, which is
The kind that can be taken over directly.
It seems that everyone generally agrees that Yongke is a high-quality asset and is optimistic about the future development of the industry, but they just have a little extra doubts.
After continuous communication, Fang Zhuo confirmed that this matter will be promoted soon. If optimistically estimated, Yongke Real Estate may complete the sale before the year.
Time has entered December, and the affairs of various companies have suddenly become busy.
Yike Overseas is preparing for Christmas promotions, and the domestic market also has a traditional upward trend before the Spring Festival. However, Yikou has always taken a simple break after Double Eleven to prepare for small Spring Festival sales.
Fang Zhuo took the time to go to Lin'an and met with Ji Minghua and Luo Jianhua, who were in charge of the ice core Lin'an factory, and clarified the plan to operate the memory factory relatively independently.
As for this time, it still depends on when Qimonda’s packaging patent can be successfully obtained.
According to Luo Jianhua, this matter should be settled before the Spring Festival.
The controlling shareholder of the Lin'an plant will still be Ice Core. Considering the restrictions on equipment procurement and technology introduction other than SMIC and Ice Core, the proportion of state-owned assets of the Lin'an plant will still be controlled at a low level, thus becoming a holding subsidiary of Ice Core.
"Mr. Luo, everything is waiting for Qimonda."
Before returning to Shanghai, Fang Zhuo specifically communicated with Luo Jianhua, who was reincarnated in the dirty land, and informed him of an additional piece of news: "We will finalize the acquisition of Qimonda's research center in Xi'an before the year."
When Luo Jianhua heard what Mr. Fang said, he felt like he had moved Qimonda to China.
The second-hand equipment was purchased from Qimonda, and some employees were recruited from Qimonda. Even the research center was built by Qimonda. The only thing missing is that Qimonda’s patents have not been recovered.
Oh yes, even myself, the vice president, is from Qimonda.
Everything has changed, but it seems that not much has changed.
"Mr. Fang, the bankruptcy committee is close to reaching an agreement with Infineon, and there will be no problems with the patent." Luo Jianhua once again emphasized the key points in the progress of the incident, and then gave himself a reminder after hesitation, "Qimonda is Europe's largest
The end of the memory field, there will only be Asia and the United States in the future, which will bring focus to, well, like Samsung, whose style of doing things is relatively..."
Luo Jianhua said it more euphemistically, but Fang Zhuo understood what he meant.
In business competition, every possible means is used, and there are inherent off-site factors in Samsung. It is impossible for Samsung not to be aware of this. This is a minefield for the future development of the Lin'an factory and Ice Core.
"Mr. Luo, let's develop first and do it first. The domestic market is very vast." Fang Zhuo paused and said seriously, "If we extend the timeline, the problems will be solved. We will do it one stage at a time."
matter."
Luo Jianhua got an answer that was not an answer. At least, Mr. Fang knew it well.
Although there are hidden dangers, as the second-generation Qimonda is getting closer and closer, he has the ambition to start a new business in his heart. He will do things one stage at a time. Then he will set a small goal for Lin'an Factory and achieve it.
Is it not difficult to go public?
By the time Fang Zhuo returned to Shanghai, Yixin was already preparing to update some users of the voice function, and the confusion of "read" between true and false was still continuing. It is worth mentioning that Yixin internally observed Penguin's "Letter" software
There are really good reviews for the "Read" function.
Can communication software use this function?
This is actually inconclusive.
But judging from the "past" successful experience, domestic users are obviously very accustomed to the information presentation habits developed by QQ, so Yixin does not need to spend time and energy teaching users to adapt to new communication habits when competing with Penguin.
, this is not cost-effective.
As for whether "Letter" can really win praise from a large number of users by virtue of "read"...
Anyway, in order to respond to the call of the Beijing Industry and Information Technology Conference and to engage in orderly and loving competition with its friends, Yike has quietly helped Penguin hide some users’ negative reviews of the “read” function.
That is to say, in early December, Yixin truly crossed the threshold of 10 million users, changing from the third domestic instant messaging software to the third stronger instant messaging software.
Judging from the current growth curve, Yixin has almost 12 million users during the Spring Festival, which is an insurmountable gap with Fetion and Penguin, which have hundreds of millions of users.
Therefore, Fang Zhuo, like everyone in the company, is looking forward to this year's Spring Festival.
Eighteen access clusters in three cities are all in place, hundreds of servers have been deployed, and team testing is proceeding in an orderly manner...
On December 8, when another important version of Yixin was updated, Fang Zhuo called Liang Gongwei, the head of Morningstar Semiconductor, and tactfully expressed his willingness to increase his holdings of Morningstar shares and jointly find a better direction for the company.
He didn't speak so directly.
But Liang Gongwei's response was very straightforward: "Mr. Fang, what do you mean? Of course Morningstar welcomes your increase in holdings, but what are you considering recasting the business structure?"
Different from the previous honeymoon period relationship, Morningstar had a very different understanding when it encountered business changes at the beginning of this year. Mr. Fang may have other ideas about Morningstar.
Now, this idea seems to have revealed its ferocious outlines.
Liang Gongwei was not tactful at all and gave a very clear attitude: "Mr. Fang, what happened at Sina in the past will not happen at Morningstar."
Fang Zhuo was very sorry and said: "Mr. Liang, that's not what I meant. I just think Morningstar can develop better and have a higher market value. I am..."
Liang Gongwei interrupted: "But it must be under Mr. Fang's hands to achieve this, right?"
Seeing his reaction so fiercely, Fang Zhuo could only sigh: "Mr. Liang, how can you ask me to strengthen cooperation under my command? Is there really no one responsible for Morningstar's situation today?"
"Mr. Fang, it's useless to talk more. I won't sell my shares." Liang Gongwei said resolutely, "Morning Star's trough has passed and it will only get better and better next year."
In fact, Fang Zhuo only mentioned "strengthening cooperation" and did not mention whether to buy shares. Seeing the attitude of the other party that he could not continue the discussion, he had no choice but to say: "Okay, Mr. Liang, I respect your idea."
Understand and respect, even if Morningstar's market value has been cut by more than half.
It's just that Fang Zhuo respects him, but it's a question whether other executives in Morningstar who hold stocks can have the same respect.
This chapter has been completed!