(It took too much time to check the information and I didn’t have time to modify it. Please help me to see if there are any typos.)
...
I learned that my father did not plan to buy the fund, and the company's money had other uses.
Su Yehao was speechless.
I have been living in Hong Kong City recently, running around here and there when I have nothing to do, and I don’t communicate much with my old man at home. Su Yehao has never heard of any big moves from Sihai International.
I'm a little nervous at the moment.
Su Yehao hurriedly reminded: "Don't forget to develop a cultural tourism city, which requires a lot of funds. Which company are you planning to acquire?"
"Business secrets, I'm afraid your mouth is not trustworthy. There should be news in a while. I'm busy. Hang up!" Dad Su hung up the phone without saying a word.
Hearing the beep coming from the mobile phone, Su Yehao was silent for a long time.
He sighed deeply. As expected, it was still difficult to completely trust the old man in his family, so he turned to call Master Jiang.
Master Jiang's tone was not so strict. After asking, I found out that my father had been staying in Fochuan a few days ago. He also took out a loan of one billion Hong Kong dollars for the Sihai International Building in Central and was negotiating financing with a certain home appliance company.
Su Yehao thought for a while and only knew that the two ceramic tile factories were both in Fochuan.
Recalling the home appliance company in the Mainland... I was stunned and hurriedly asked Mr. Jiang to help me find out if that company was called Midi Electric.
Master Jiang's thoughts were mainly focused on the travel company established by the joint venture. He was busy negotiating cooperation with travel agencies in the mainland all day long, and he was already too busy to get involved in Sihai International's business.
It's quite sad to say.
It wasn't until he left Sihai International that Mr. Jiang realized that the company would continue to move on without him. It didn't matter whether he left or not.
Because he knew that Master Jiang was starting a business with Su Yehao, Father Su did not bother Master Jiang anymore and left the work to others. After all, it was a group valued at billions of Hong Kong dollars, so how could it not have talent.
After Su Yehao asked Master Jiang to finish questioning, he found out that the home appliance manufacturer that his father was eyeing was the famous Midi in later generations. The amount of financing being negotiated was as high as 2 billion Hong Kong dollars, and there was already some clues.
Su Yehao couldn't laugh or cry when he heard about this incident by accident.
It can be regarded as a surprise, and my father struck gold. Although he does not remember the future market value of this company, since it is one of the largest home appliance manufacturers in the country, it means that the value will definitely not be low.
Let alone earning more or less, the possibility of losing money is not high anyway, which is enough for Su Yehao to put his heart back in his stomach.
After talking to Master Jiang, he immediately contacted his assistant Zhuang Wei and asked her to collect information about Midi Electric.
For more than an hour, the initial feedback was that this company was listed in 1993. Last year's revenue increased by about 30%. This year, it is expected to decline by more than 10%. The stock price has dropped from the high of more than 16 yuan in May this year.
, it has dropped to just over nine yuan now.
Su Yehao didn't know why his father was eyeing this company, nor how the two parties connected.
All I know is that once it raises funds to issue additional shares, it will probably be able to stabilize Midea Electric's decline, at least it will not fall too sharply. And if it raises a full two billion Hong Kong dollars, it will hopefully stand out in the field of domestic home appliances.
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I was just excited for a while.
Su Yehao was dumbfounded when he bought the detailed information from the consulting company.
Gurley Electric has a market value of more than 4 billion, while Midea Electric has a total market value of only more than 1.2 billion, which is obviously not worthy of the comparison.
In addition, Midi Electric has a parent company, Midi Group. Midi Electric does not include small household appliances business, but does include compressor and motor businesses.
This confused Su Yehao, and he didn't know which part would be valuable in the future.
Parent companies and subsidiaries are inevitably a little different.
While he was worried, Su Yehao contacted his father again. As soon as the other party got through, he asked: "With these two billion, do you plan to invest in the parent company, or only raise funds for a listed electrical appliance company?"
Father Su is busy inspecting the headquarters of Midi.
Hearing his son ask about this matter, Father Su smiled and said: "You have a good nose. How long did it take to get rid of my people? Did you ask Master Jiang for help?"
Even if it was irrelevant, Su Yehao did not betray Master Jiang. He skipped the question and asked again: "If you can invest in the home appliance business, what's the use of simple compressors and motors? Anyway, I agree with you investing in the parent company and forget about the subsidiaries."
.”
"This is not nonsense. What I invest in is the parent company. How much is the listed part worth?"
Father Su's voice continued to be heard through the mobile phone:
"I am very optimistic about the market of real estate and home appliances. With such a large population in the mainland, they can live in old houses, but they will definitely need to buy new home appliances. I think now is a good time to buy at the bottom. Others have taken the initiative to find me and ask for it.
Funds, otherwise it will be taken over by others. We hit it off immediately, and the negotiation got stuck on the shareholding ratio. I wanted 45%, but they were only willing to give 40%."
"If it's the entire group, 40% of the shares is already pretty good, but the more, the better. Come on, Dad! Just don't let the talks collapse."
"Well, I'm busy, minding your own business..."
As soon as he finished speaking, Father Su hung up the phone again.
Su Yehao, who put down his mobile phone, felt relaxed both physically and mentally. He had already invested in a cultural tourism city. If he spent another 2 billion Hong Kong dollars to finance the Midland Group, he would not have to worry about problems with Sihai International, and he would not be able to afford the investment even if he wanted to.
In the short term, investing in the United States is definitely not as good as investing in an Internet company listed on Nasdaq, but in the long term, the returns should be quite amazing, provided that the company continues to grow and develop as it did in its previous life.
Recall the details of the conversation.
It sounds like people from the United States are coming to us this time, and it may be acquired by other companies.
Su Yehao knew nothing about these old almanacs. He only knew that the home appliance market in the mainland was full of potential and it was definitely a good business. It was like pie in the sky.
Although it's just a family business, I can't write two words of Su in one stroke, so what does a family say?
Su Yehao, who was quite excited, started to think about setting off to Fochuan to join in the fun.
It doesn't seem to matter whether he goes or not. Since the old fox like Dad has already discussed the issue of shareholding ratio with Midland Group, and plans to spend a full two billion, it shows that he is really optimistic about the development potential of this company.
Like the building materials field, home appliances are also peripheral industries to real estate.
Real estate can promote people's demand for the home appliance industry, but the converse is not obvious. Most people who buy a house want to replace their home appliances with new ones, and those who want to change their home appliances rarely consider changing their homes.
Since Mr. Su is optimistic about the mainland's real estate market, it is obviously logical to focus on the home appliance industry.