There will be meetings in Taishan, and there will also be meetings in the Chinese Revival Association.

The annual members' gathering is in June.

The host is Niu Gensheng. People are in high spirits when happy events happen. Mengniu has overcome the most difficult moment, so they specially set the location at Baihe Bay in Huairou, on the outskirts of Beijing, where they can fish, play cards, and have a picnic and roast sheep.

When brothers Lu Fei and Lu Yun arrived, they saw an iron frame set up in the open space, and the slaughtered sheep were hung on the side.

"You two brothers are here!"

Niu Gensheng was surprised and happy, and walked up.

"Brother Niu, aren't we the last to arrive?"

Lu Fei winked teasingly.

"No, no, a few have just arrived."

Niu Gensheng held his hand without letting go, "Brother Lu, Mengniu is grateful to you this time, thank you, thank you very much."

Lu Fei waved his hand: "I heard what my elder brother told me on the way. We talked about it with COFCO, right?"

"I'm really sorry for you, I didn't expect this to happen..."

Niu Gensheng nodded awkwardly.

COFCO did not form an acquisition consortium with Qilixiang and Luhua as Lu Fei had envisioned. Instead, it directly acquired 20% of the shares, including Qilixiang, at a unit price of HK$6 per share, becoming the largest shareholder of Mengniu, spending a total of

6.1 billion Hong Kong dollars.

"Don't say that, Brother Niu, even though COFCO did not follow our acquisition plan, we still made a profit."

Lu Fei and Lu Yun looked at each other and smiled.

After all, this favor is not in vain.

The cost per share of the 1% held by Qilixiang is only HK$7, which makes a net profit of almost HK$7.8 billion.

(Exchange rate, 1 Hong Kong dollar = 123 US dollars)

"Haha, if you don't mind, just go in and sit down, go in and sit down, and I'll make you an authentic Inner Mongolian roasted whole lamb."

Niu Gensheng was wearing a chef's apron and grinning.

After chatting for a few more words, the two walked to the hot spring resort. Sitting in the lobby were Liu Edong, Wu Haijun, Wang Chuanfu, and Li Shufu, just four of them, gathering together and playing poker.

In group gatherings, specific business is generally not discussed.

If you want to cooperate, just discuss and communicate privately.

At this time, I heard two car company bosses, Wang Chuanfu and Li Shufu, talk about the "cars going to the countryside" launched this year.

Following the introduction of computers into cities, home appliances to rural areas, and popularization of broadband, the 4 trillion bailout plan has also begun to benefit the domestic automobile industry.

BYD and Geely are both on the list, and their sales have soared.

One just wants to expand production capacity, and the other wants to reach the world in one step, buying Volvo from Ford, and becoming the first Chinese automobile company to acquire a foreign luxury car brand, and become famous.

"The ownership of the brand, the production facilities in Sweden and Belgium, and all intellectual property rights will all belong to Geely."

Li Shufu's tone was full of expectation.

"To acquire Volvo, you can't just rely on money, right?"

Lu Fei looked left and right.

"Of course you can't rely on money alone, but you can't do it without money. If you want to win Volvo, the key is to buy it with the highest price." Li Shufu stared at him eagerly.

"Mr. Lu, Mr. Li has been waiting for you."

Wang Chuanfu reminded me.

Li Shufu did not deny it. He handed the poker to Lu Yun and asked him to play cards on his behalf. Then he and Lu Fei went to a teahouse not far away.

"How much are you prepared to pay for Volvo?"

Lu Fei could figure out how to find him for financing and borrowing money at a glance.

"We have reached an agreement with Ford for US$1.8 billion, cash of US$1.6 billion, and high-interest bonds of US$200 million. Of course, the liquidity needed for subsequent development will be at least US$8.9 billion."

Li Shufu observed his expression.

"so much."

Lu Fei raised his eyebrows, "It seems Geely is bound to win Volvo. How much has it raised?"

"To tell you the truth, with Geely's financial strength, it is completely empty-handed and can only bring in strategic investors."

Li Shufu bluntly said that he was planning to attract one or two strategic investors to join the company, and Goldman Sachs would be his first choice.

"Goldman Sachs?"

Lu Fei narrowed his eyes into a thin line.

"Yes, we issued convertible bonds worth HK$9.7 billion and 300 million warrants to Goldman Sachs, equivalent to 15% of Geely's equity, making it the second largest shareholder."

Li Shufu said: "Goldman Sachs has provided us with 8.6 billion Hong Kong dollars in financing, and is responsible for Geely's overseas issuance of high-interest bonds. In the future, it will also help us with listing financing..."

"Well, Li always wants me to buy corporate bonds issued by Geely, or invest in Geely?" Lu Fei touched his chin.

“Bonds are okay, investing is better!”

Li Shufu looked at him and said: "Mr. Lu, you invested heavily in BYD, and the subprime mortgage crisis also helped Lao Wang get Buffett's endorsement. No matter what, you can't favor one over the other this time."

"This is no problem, I will definitely invest in Geely."

Lu Fei smiled and said: "But just one thing, you gave Goldman Sachs too much. How about this, 15% of the shares, give it 10%, give me 5%, and I will buy some bonds?"

Li Shufu was overjoyed and couldn't get what he wanted.

I also feel that the shares given to Goldman Sachs are too many, but when people are under the roof, I have to bow my head, but it is different with Mr. Lu.

As soon as Lu Gushen comes, the knives will arrive!

"Then it's settled, happy cooperation."

In just a few words, Lu Fei completed the deal.

It happened to have earned HK$5.5 billion from Mengniu, all of which was invested in Geely. The current stock price remains at HK$6.

In my memory, a few years after acquiring Volvo, the price would soar to HK$30, a full 50-fold increase.

Moreover, with one more car company, there will be one more logical car chip and car system to cooperate with. In the future, it will be like Bosch——

The chips and systems installed in the car must all be named Lu!

“A pleasure to work with.”

When Li Shufu was satisfied and left the teahouse with Lu Fei, he saw Wang Chuanfu calling him to play cards for him because he also had something to discuss with Lu Fei.

"What's wrong?"

Lu Fei poured him a cup of tea.

"Mr. Lu, do you agree to lend money to Geely?"

Wang Chuanfu adjusted his glasses.

Lu Fei concealed the amount and only talked about the investment plan, "Are you afraid that BYD will suffer losses if I invest in Geely? You don't have to worry about this at all. As long as we deploy new energy vehicles well and proceed steadily, it is only a matter of time before we surpass fuel vehicles."

"I'm not afraid that Geely's acquisition of Volvo will widen the gap with BYD, but I just think it's not cost-effective. If the money is spent on independent research and development, it may not be worse than acquiring a brand."

Wang Chuanfu sighed, "I think there is something wrong with Mr. Li's strategy, but I don't know how to persuade him."

"Respect the fate of others and let go of the need to help others."

Lu Fei raised his tea cup, "Let Geely do whatever he wants, but BYD, I would like to advise you to lower your sales target."

Wang Chuanfu was very curious, why?

When it was Li Shufu's turn, Mr. Lu supported Geely's radical approach of acquiring Volvo, but why did he become conservative when it was his turn?

"Didn't we use BYD cars to pick up and drop off the ribbon-cutting ceremony this time? Your quality control is too poor. The tires, seats, and paint are all defective and have quality issues."

Lu Fei reminded seriously: "Don't just focus on sales and production capacity, let's conduct a 'quality rectification campaign' internally."

"No way? Is it that serious?"

Wang Chuanfu didn't take it seriously.

"You are vertically integrated, which is very similar to Logic's previous model. Departments such as terminals, OEMs, and panels produce and sell their own products internally all year round, eating from the big pot. Without market competition, you will slack off and deteriorate.

Drink the blood of our brother departments.”

Lu Fei said: "Thanks to our timely reforms, some uncompetitive ones were shut down and reorganized, turning the big pot of rice into a small pot of rice."

Wang Chuanfu fell into thinking and remained silent.

"For example, rubber, molds, and spray paint that are no longer in line with the market, those that should be rectified, those that should be closed, and the appearance and brand design that I told you last time, all need to be changed."

"We have spent a lot of money to recruit people from Audi, Ferrari, and Mercedes-Benz to form BYD's dedicated design team. As for the brand, I think 'byd' is very good, but changing it will not be beautiful."

"The things that make you successful can often destroy you."

Lu Fei didn't know if Wang Chuanfu would listen to much.
To be continued...