Beijing, courtyard house.

Wang Dongsheng followed Shen Si, and from the moment he stepped into the threshold, he was looking at the yard curiously.

There are many mysterious places in the Beijing business world. Song Weiyang's courtyard house is one of them. Legend has it that he lives there for half a month every year, cutting off all contacts with the outside world to think about business development plans. This story comes from the magazine "China Business" and is probably copied from Bill Gates, because some magazines in the United States claim that Bill Gates will be in seclusion in a villa every year for many days.

Unfortunately, this courtyard house is not only comfortable, but Wang Dongsheng really didn't see anything strange about it.

"Please sit down, Mr. Wang!" said with a deep smile.

Wang Dongsheng thought he was going to enter the house, but he didn't expect that Contemplation only brought him under the grape trellis.

There were some tea sets on the stone table, and there was a small charcoal stove next to it. Song Weiyang came out holding the pottery jar and said to Wang Dongsheng with a smile: "I forgot where to put this can of tea. I have been looking for it for a long time just now."

Wang Dongsheng stood up and shook hands and said, "Mr. Song is so polite."

"Sit!" Song Weiyang bent down and lifted the kettle, and started making tea on his own.

Wang Dongsheng watched quietly throughout the whole process, without any rush. Anyway, Song Weiyang has become a shareholder. Wang Dongsheng does not reject the new shareholder. Even his best skill is to turn the creditor into his own shareholders.

In 1992, Wang Dongsheng was transferred to Factory 774 as the director. At that time, Factory 774 had become the state-owned enterprise with the worst losses in the entire capital.

A year later, Wang Dongsheng began to carry out shareholding reforms on Factory 774. The workers were fooled by him and spent their entire lives savings, raising a total of 6.5 million yuan, and all the wages owed were converted into shares. Jingcheng Oriental Electronics Company was born, and the restructuring turned losses into profits.

In 2001, due to the global panel market cold winter, BOE fell into huge losses and could not even afford the wages of workers. However, BOE, which was owed a lot of debts, planned to spend hundreds of millions of dollars to acquire the panel business of South Korea's Hyundai Electronics under Wang Dongsheng's decision.

BOE can only take out $150 million when it moves around, and Samsung also interferes with it, trying to disrupt the deal.

But Wang Dongsheng was determined to be impatient for Modern Electronics to get rid of the burden. Not only did he crazily lower the price, but he also allowed Modern Electronics to connect the relationship between the Korean bank itself, and the Korean Bank provided a loan of 210 million US dollars for acquisition. In this way, the funds were not enough, and Wang Dongsheng followed the trend and coerced the Beijing government, and the Beijing government borrowed US$30 million to cover the situation.

Hyundai Electronics is a purely unlucky guy. Not only was it sold at a low price, but it also had to help buyers borrow money from the bank. As a result, the panel price rebounded as soon as the contract was signed, and it started to make a profit in the second month. The panel business sold by Hyundai Electronics made a profit of US$60 million in the next year and a half.

BOE, which has been free of charge, is still in a loss state. In the mainland, Hong Kong, Taiwan and South Korea have owed a lot of bad debts.

Now the global panel market is ushering in a cold winter, and BOE is being chased by various parties.

What should I do?

There are creditors!

The Beijing government borrowed $30 million to BOE, and lent its bullet to provide guarantees for BOE, fooling many banks to BOE for another $740 million, and the Beijing government once again provided BOE with a loan of 2.8 billion yuan. BOE is a bad debt. The Beijing government borrowed two loans in the first and last time. Most of the loans were turned into stocks during the stock reform, and later cashed out to make a fortune in the capital government.

What is a creditor? The creditor is a potential shareholder.

When a magazine reported on BOE this year, the title was "I've been busy with money all my life."

From the moment Wang Dongsheng took over Factory 774, he kept borrowing money everywhere. If he couldn't pay back the debt, he would turn the creditor into a shareholder.

Perhaps it was because of insufficient funds. In another time and space, even though BOE became rich later, it still held cash in its hands. It would rather borrow money, cooperate with others, and issue new shares, and firmly guarantee its own huge cash reserves. So there was a nonsense rule that BOE built factories everywhere and local governments had to invest more than 60%. Due to the precedent of the capital government making a fortune in cashing out stocks, local governments were flocking to this way of cooperation.

The funny thing is that a city in Grassland Province took the initiative to invite BOE to build a factory, but could not provide 12 billion yuan in project start-up capital. The mayor was also very bachelor and said directly: "We have no money, but we have coal!" The local government actually wanted to exchange a coal mine for a BOE's oled production line.

Song Weiyang pushed the teacup to Wang Dongsheng: "Please taste tea."

"Good tea!"

Wang Dongsheng took a sip and asked: "Since Mr. Song wants to enter the panel market, why don't he join the 'Julong Plan', but choose to acquire BOE, a traitor company?"

"Haha, I'll be a traitor with you." Song Weiyang smiled.

BOE is making money in the domestic A and B markets, and it is all about the money of mainland investors and Hong Kong City investment institutions. It is constantly looking for bank loans, borrowing money from the government, and using the money to acquire overseas companies. These acquired companies are in full loss this year.

So, some media and shareholders called BOE a traitor company, saying that Wang Dongsheng was the traitor boss, and gave the hard-earned money of the Chinese people to foreign capitalists for free.

As for the "Julong Plan", it was initiated by four color TV companies, TCL, Skyworth, Konka and Changhong. Because they were stuck in their necks by foreign companies, they abandoned their past grudges and formed an alliance. They wanted to jointly build a production line with overseas panel companies and planned to jointly establish a "Julong Company" - they all considered themselves a Raptor, and they would start a company in partnership with Julong.

In fact, China has long been planning to enter the panel field, and local governments have supported several companies under their jurisdiction. However, due to the troubles of overseas giants, these companies have difficulty in developing. Only BOE took advantage of Hyundai Electronics to get rid of the burden and broke through Samsung's obstruction in one fell swoop. Not only did it acquire Hyundai Electronics' panel business, but it also obtained many panel patents.

The "Julong Plan" was also suppressed by international giants. Foreign investors either refused to transfer technology or the transfer fee was outrageously high. Julong Alliance had negotiated with countless foreign investors for a whole year, but finally turned its attention back to China and sought technical support from BOE. BOE will acquire 40% of Julong Company in May next year.

Song Weiyang said: "I said on the phone that I am just optimistic about BOE's panel patents, and this is the only one in the country. Julong's plan seems to be very popular, but even if it succeeds in cooperation with foreign capital, it is just following the footsteps of domestic panel companies. People are stuck in the patent and cannot survive or die."

Wang Dongsheng said: "BOE's debt has exceeded BOE's assets, which is the so-called insolvency. Isn't Mr. Song afraid of investment being wasted?"

"I'm not short of money, just take it as a mistake," said Song Weiyang.

Wang Dongsheng suddenly smiled and said, "Mr. Song, you have just held 20% of the shares now. Why not invest hundreds of millions of dollars and gather the shares to 25%."

Song Weiyang asked: "BOE is short of money?"

Wang Dongsheng said in a very single manner: "There is no time for BOE to be short of money. Now the company owes hundreds of billions of debts. Anyway, there is no need to worry about too many lice. I plan to invest billions more and build a sixth generation production line."

Song Weiyang asked: "Bointeast's fifth-generation line has invested nearly 10 billion yuan, and can a six-generation line be built for tens of billions of yuan?"

Wang Dongsheng said: "Billions of billions are enough, and someone will help you pay."

"Have you found a partner?" Song Weiyang asked.

"As long as you are willing to find it, the partner will emerge sooner or later." Wang Dongsheng said.

Song Weiyang sighed sincerely: "You are awesome!"

Wang Dongsheng said: "Now it is in the cold winter of the global panel market, and the panel price has dropped by more than half. Many foreign panel manufacturers are cutting production and stopping production. When we build production lines at this time, we will definitely be able to buy equipment at a low price and take the opportunity to seize market share!"

Song Weiyang smiled and said, "The premise is that BOE can survive the cold winter."

Wang Dongsheng said: "Even if BOE can't hold on, the creditors have to let BOE hold on! At worst, there will be a few more shareholders at that time."

The bosses who grew up in the barbaric era, whether they are private or state-owned enterprises, are indeed crazy!

Wang Dongsheng also said: "BOE has been included in the fifth batch of equity reform companies and will be announced next month. As long as the equity reform is completed, BOE will no longer be a state-owned enterprise, and Mr. Song can invest with confidence."

Song Weiyang smiled and said, "Okay, I'll invest another 1 billion."

"Mr. Song is indeed generous!" Wang Dongsheng praised.

Wang Dongsheng was not afraid that Song Weiyang would hold on to the too many shares and occupy the magpie's nest, because BOE, from top to bottom, was following his old factory manager. Unless Song Weiyang had no intention of being at the beginning and wanted to sell BOE after acquiring it, Song Weiyang would not be able to control the company no matter what.

The result of Song Weiyang's forced control of BOE was that BOE was in chaos as a whole and then went bankrupt step by step!

What's more, although Wang Dongsheng doesn't hold much personal shares, the management team he led and old workers jointly hold nearly 30%. During the stock reform period, if they do mbo, they will transfer shares in one hand, and their team's shareholding will approach 40%. The B-shares acquired by Song Weiyang are not within the scope of the share transfer, and Song Weiyang's shareholding will fall instead.

In fact, Wang Dongsheng fooled Song Weiyang and invested another hundreds of millions of dollars, saying that he wanted to build a sixth-generation panel production line was purely a bluff, and it was nothing more than treating Song Weiyang as a sucker to make some money.

BOE, another time and space, has made even worse after the stock reform. The stock name is added with a "st" and faces the risk of being forced to delist. When BOE was most desperate, it even sold all its Korean factories and some panel patents, so that it did not fall in the cold winter of the market.

Although she knew she was regarded as a kid, Song Weiyang did not expose it and happily promised to spend 1 billion.

After discussing additional investment, Wang Dongsheng was in a very happy mood and started chatting with Song Weiyang there. He sighed with a proud tone: "The most I have done in my half life is being forced to pay debts! I remember about 10 years ago, BOE could not even pay wages, and the creditor blocked me so much that I couldn't get out of the company. I had to send people to collect the payment everywhere. Among them, Xiao Chen (the future chairman of BOE) and Xiao Wu went to Panasonic to ask for money, but Panasonic China was

The finance director of the branch deliberately made things difficult for him, saying that he would drink 200,000 yuan a cup, and would not give him money if he didn't drink it. In order to get the money back, Xiao Chen and Xiao Wu drank more than 20 cups in one breath. Xiao Chen rode home drunk and hit a van, and fell asleep directly by someone. Xiao Wu lost his wedding photos on the road, and went to the Civil Affairs Bureau to get a certificate, so he could only take wedding photos with alcohol. This is how BOE has been all the way through, it's not easy!"

"Haha, it's not easy." Song Weiyang smiled.

Wang Dongsheng said again: "But all the difficulties have been passed. What is the difficulty I am facing now? Since 1999, my ambition is to make BOE the own Samsung of the Chinese!"

"Drink tea," Song Weiyang carried a kettle to add tea, "I don't care when your sixth generation production line will be built. But if there is no way to go one day, don't sell patents, I can continue to invest more."

"Hehe," Wang Dongsheng smiled awkwardly, knowing that Xiao Jiujiu in his heart had been seen through, and raised his glass and said, "Mr. Song, thank you for your wine with tea instead of wine!"

Song Weiyang asked: "Are you interested in joining the Taurus Club? Your fellow villager Guo Guangchang is a member."

"Guo Guangchang, that kid is from the same city as me," said Wang Dongsheng. "Although I never participate in such an entrepreneurial club, since Mr. Song invited me warmly, I definitely cannot refuse your kindness."
Chapter completed!