Chapter 207: Everyone, take a step back. How about 11.5 billion?

Author: The bright moon once shone on the ancient river

Chapter 207: Everyone, take a step back. How about 11.5 billion?

February to July.

The southwest wind filled the sky and swept into Shanghai.

Chen Heyu was draped in a thick cashmere coat and walked sideways into the back row of the Rolls-Royce Phantom. Lao Mo, who was in the driver's cab, ordered: "Go to Zigang Electronics."

"No, boss."

Ding Mo stepped on the accelerator lightly, and the luxurious car slowly drove away from the villa area.

After driving to the Central Elevated Expressway, the speed of the car suddenly increased, and it was speeding towards the destination at a speed of 80-90 kilometers per hour throughout the journey.

Lao Mocuo is very satisfied with his current job. He is free and free. Staying by Chen Heyu's side can greatly increase his knowledge.

After working as a driver for one year, I saved 300,000 yuan in savings. After excluding the salary of 100,000 yuan, the remaining 200,000 yuan was not obtained from stock trading.

The reason why he has such level of stock trading is all due to the few words that Chen Heyu inadvertently revealed when talking to people during the week.

“Maotai stock has good potential!”

"Penguin? With the two trump cards of WeChat and Game, the stock price will continue to rise!"

At first, Ding Mo was dubious and secretly bought 10,000 yuan of stocks. It turned out that the price had doubled in just a short period of time.

After tasting the benefits, he used all the wages in his legs to play stocks, and his income became higher and higher.

"Buzz buzz~!"

"We've already set off. When will Zhang Nan and I arrive? OK, he probably needs twenty minutes."

Chen Heyu put the phone down, thinking about the upcoming negotiations.

The financial assessment and pricing of Zigang Electronics have been released. Shanhai Capital and Future Technology worked separately to conduct two comprehensive due diligence investigations, including the financial status, business status, market position and legal risks of the wrong party, to ensure the feasibility of the acquisition.

sex and rationality.

As of current data research, Zigang Electronics' total assets are approximately 17 billion Chinese dollars, of which only 600 million Chinese dollars are left in cash and cash equivalents.

Cash flow is tight!

The monthly employee salary expenditure is close to 100 million, no wonder they are anxious to sell themselves!

In addition, it has fixed assets worth 16 billion Chinese dollars, including manufacturing plants, production equipment and R&D centers in Shanghai and Jinling.

In terms of debt, the total is 7 billion Chinese dollars, of which long-term debt is 4 billion yuan and short-term debt is 3 billion Chinese dollars.

The asset-liability ratio is high, the production technology is backward, and it is a useless wafer foundry.

Looking at the whole country, Huaxin is unable to compete with Zigang Electronics' production equipment and manufacturing processes. Huayao Heisi is unwilling to take over the wafer factory, and other small companies do not have the financial resources.

For a time, Zigang Electronics was in a quagmire. After hearing that Future Technology was interested in a wholly-owned acquisition, it immediately convened a shareholders' meeting and obtained unanimous approval, hoping to sell the company as quickly as possible.

After a while, the car stopped in front of the gate of a software park in Pudong New District.

"boss!"

"Mr. Chen!"

Zhang Nan and Zhou Xiaoyu welcomed Zai.

"Hui, go in first."

Chen Heyu swung his legs and walked in front of everyone, walking slowly towards the Zigang Electronics headquarters not far away.

Behind him was a vast negotiating team, including legal, financial, business and accompanying record-keeping personnel, all in suits and leather shoes, wearing windbreakers or wrapped in a down jacket to keep out the cold.

When I reached the gate, I saw a man in his early thirties trotting over quickly.

"Mr. Chen, I apologize for missing my welcome. I am Shi Yang, the person in charge of Zigang Electronics."

Shi Yang put his legs together and made an apologetic gesture.

"Mr. Shi, you're welcome. Let's go in and chat."

Chen Heyu replied calmly.

Then he looked at the wrong side. He had gray-red hair on his temples and deep crow's feet at the corners of his eyes. It seemed that he had not had an easy period of confinement, and he looked like that with worries at such a young age.

He doesn't have the temperament of a "prodigal son" at all, but looks like a conscientious manager.

"No, no, no, the reception was not good. The two should be Mr. Zhou from Shanhai Capital and Mr. Zhang from Future Technology. I have long admired their names."

Shi Yang greeted warmly, with a smile on his face.

"Hello, Mr. Shi."

Lao Zhou and Zhang Nan nodded when they heard this, stretched out their legs to shake hands, and smiled and exchanged greetings.

Shi Yang raised his head and looked at the large group of people in front of him, wondering if Hongshanhai Capital was really interested in acquiring it and that it was definitely not a joke.

My heart instantly felt a little calmer!

The group of people walked and talked and entered the elevator.

"Mr. Chen, I would like to ask, what are your plans after buying Dongzigang Electronics?"

Shi Yang pressed the east floor button, turned around and asked.

"We will continue to upgrade equipment, continue to invest additional funds in scientific research, and complete the mass production of 28nm chip technology as early as possible, or even 14nm."

Chen Heyu glanced at the wrong person and replied casually.

"Mr. Chen is sure to solve the problem of packaging technology?!"

Shi Yang looked excited. Seeing Chen Heyu's conclusive tone, he thought he had a way to obtain a suitable packaging technology, so he went to ask.

"No."

Chen Heyu thought for a while and said with a strange expression.

Even if he was capable, he would definitely not tell the wrong party, which would be tantamount to exposing his negotiating trump card in advance.

"No, how can it be that easy?"

Shi Yang lowered his head and said in despair.

Looking at the "young master" who was tricked by Xiaoyuezi, Chen Heyu could secretly curse "very stupid and naive".

It spent 4 billion Chinese dollars to purchase a series of wafer cutting machines, welding machines, placement machines and glue applicator equipment, and established multiple chip packaging production lines, but the packaging process was stuck.

Stepping into the conference room, the outside is spacious and bright, and all the major shareholders of Zigang Electronics are present.

"Mr. Shi, that document is Shanhai Capital's financial review and evaluation of your company, as well as the acquisition quotation form. Please review it first."

After Zhou Xiaoyu sat down, he motioned to the assistant beside him and took out a stack of A4 documents.

"Okay, let him take a look."

Shi Yang took it, took one copy from it, and sent a copy of the remaining copy to other shareholders.

"There are no problems with fixed assets, cash flow, and liabilities. Is the acquisition price of 9 billion too low?"

Shi Yang quickly browsed the contents of the document and spoke in a bad tone.

"The wafer processing plant in Jinling seems to be a fixed asset, but in fact it does not have liabilities and heavy burdens. If General Manager Shi is not satisfied with the price, they can divest it from Zigang Electronics, and Shanhai Capital will become the main body of your company.

Make an acquisition."

Zhou Xiaoyu said calmly.

He knows where the wrong party's weaknesses are, knows how to deal with them, and has no worries that the negotiation will fail.

Because there are very few buyers willing to bid, and if they miss Shanhai, Shi Yang can continue to struggle.

One step east and bankruptcy is just around the corner!

"..."

Shi Yang was speechless and looked around. The shareholders of Zigang Electronics all looked at him angrily, obviously blaming him for going his own way.

Push the company into the abyss!

After stripping off the wafer processing plant, the total fixed assets will be only 13 billion Chinese dollars. Considering the debt issue, I am afraid that Shanhai Capital will not even be willing to pay 9 billion!

"Mr. Chen, I must have heard about the plight of Zigang Electronics. The question about cooperation is whether he has great sincerity, otherwise he will not allow Shanhai Capital and Future Technology to come in for investigation.

How about we all take a step back and get 11.5 billion?"

Shi Yang pondered for a moment and couldn't help but plead.

"Yugang Electronics has 7 billion in responsibility. If it offers a purchase price of 11.5 billion Chinese dollars, not counting subsequent investments, it will have to spend close to 20 billion.

Mr. Shi, don’t make it too difficult for him, I should know very well that it’s not worth the price.”

Chen Heyu refused without thinking.

Wafer foundries are a big problem. Without spending billions of dollars, it is difficult to achieve results. For example, the world's seven largest chip packaging and testing giants invest a total of up to 10 billion US dollars in R&D every year.

Each company has tightly covered its core technologies, making it difficult for outsiders to find opportunities, so they have to find a way to spend money to buy them.
To be continued...