Through Chen Laimao's introduction, Li Yuan almost understood the situation of Nanfu Battery Factory. Nanfu Battery Factory was originally Nanping Battery Factory, which produced batteries for flashlights, and its scale was at the level of a township enterprise.
And in the past, in order to prepare for the outbreak of war, they would move to np city. It is not even the urban area of Nanping, and it is located in a deep ravine?
A company like this has almost nothing, and of course it has no future. Fortunately, after all the hard work, the factory finally assigned a college student - Chen Laimao!
This led to a legendary story. You must know that this Brother Mao was not a college student majoring in batteries at all, but a normal student. He just grabbed a college student and grabbed the basket.
Logically speaking, in fact, Nanping Battery Factory cannot recruit any college students at all, and such a broken manufacturer is simply not qualified.
Is it because Mao Ge’s wife works in a battery factory and happened to move from Fu City to Nanping Shangou Gou? Mao Ge doesn’t want the couple to live apart. He does it just for love!
But Mao Ge, a college student, when he was gradually promoted to factory director, he found that his factory had no brand, no technology, no capital, and no advanced equipment... Even the logistics in and out were extremely inconvenient.
Useless.
Apart from OEM for other manufacturers, it has no competitiveness in the market. You should all know the following story.
Chen Laimao visited foreign countries for about two years and finally mastered the most advanced technology at the time. He was preparing to introduce the latest battery production line from abroad.
Then the problem came - the factory had no money at all and couldn't afford the million dollars to introduce equipment!
Find the city? The city lets the battery factory figure out its own solution. Nanping itself is a relatively poor place.
Self-raised funds? Selling iron and adding bank loans, you can only raise 000,000... Soft girl coins! Ahem.
So the only way out was to seek foreign joint ventures! In the end, Chen Laimao persuaded Baifu Foreign Trade Co., Ltd. in Hong Kong, received the million US dollars, and successfully introduced equipment and technology.
And even the name was changed to Nanfu Battery Factory! However, under the policies at that time, there were restrictions on foreign investment and private capital in key industries.
State-owned assets already account for more than 0% of the shares. In addition, Baifu Yangxing is a very pure businessman. They only care about investment returns and do not care about the management rights of the company.
They don’t know anything about making batteries! So in the end, Nanfu formed a very interesting shareholding structure - state-owned capital still occupies an absolute controlling stake, and Baifu Foreign Company only holds a small part.
Part of the money is used as a loan, waiting for Nanfu to slowly repay it. Baifu Foreign Bank does not intervene in the management of Nanfu. It is the original management such as Chen Laimao who manage the entire enterprise and have all the decision-making power!
To be honest, this joint venture is quite beneficial to the original Nanping factory. It is equivalent to defrauding a large amount of funds out of thin air.
And nothing has changed before. With the funds and the introduction of equipment, Chen Laimao became even more powerful. In just a few years, he turned Nanfu Battery from an unknown small factory into a nationally renowned leading enterprise.
, and topped the domestic sales list!
There is no doubt that Chen Laimao is an extremely good entrepreneur. But the problem arises again - due to the rapid expansion of Nanfu Battery, looking for endorsement advertising, nationwide distribution, technological transformation..., everything has to spend money.
The profits coming are never enough!
So in the face of Baifu Matheson, please slow down your dividends first! Also slow down your borrowings! Tell me, what is the mentality of Baifu Matheson?
Choose! What labor and management want is return on investment, not charity. Who will care about the future of your company?
Since Baifu Foreign Company has no decision-making power at all, they are also dumb and cannot speak out their sufferings.
Of course, this also paved the way for the collapse of Nanfu houses in the future. Here, by the way, I would like to introduce the bad things that happened to Nanfu later in its original history.
Since Nanfu is extremely short of funds and Nanping is a poor place, there is no money to support it. So Brother Mao can only continue to swindle funds outside.
However, in the early 1990s, it was really a time of money shortage. Neither the state nor the private sector could find so much funds in the country.
As for foreign investment? The conditions are quite harsh. And Nanfu Battery also sticks to the bottom line - it will never allow foreign capital to hold a controlling stake.
Out of desperation, Nanfu Battery suddenly found an opportunity - listing for financing! So through the superior department, Nanfu Battery submitted an IPO application to the China Securities Regulatory Commission, and in the end... it was simply rejected.
Not even a chance to reapply or get scheduled. You know, if it's rejected, there's no chance at all. If it's scheduled, there's a high chance it won't be scheduled, but at least there's hope, right?
Anyway, this road is blocked! Another explanation: Because Nanfu Battery’s state-owned shares account for too much, it is impossible to list overseas on the Nasdaq or the Hong Kong Stock Exchange during this period.
It is impossible for overseas exchanges to approve it, and domestic departments will also not agree. Therefore, the only choice is to list in Shanghai and Shenzhen.
This is completely different from what happened later! In desperation, Nanfu Battery could only find a state-owned financial institution.
But the state-owned financial institutions have no money? They can only use them to bring in investment from Morgan Stanley!
At this moment, since Hong Kong has returned to the motherland, the Hong Kong Stock Exchange has become an option. Nanfu Battery submitted an IPO application to the Hong Kong Stock Exchange.
However, no one expected...the Southeast Asian financial crisis is coming! What a bad luck! First of all, due to the impact of the Southeast Asian financial crisis, the country has issued policies that do not allow state-owned financial institutions to introduce foreign capital!
So after a series of very complicated equity transfers, the equity relationship of Nanfu Battery was finally clarified.
Then came the financial crisis in Southeast Asia, and the Hong Kong Stock Exchange tightened its listing standards, so it also rejected the listing application of Nanfu Battery - due to too frequent changes in equity recently, so... mlgb!
This chapter is not over yet, please click on the next page to continue reading! Do you think it is unlucky? Up to now, with the failure of listing twice in succession, whether it is Baifu Matheson or Morgan Stanley, they are completely
Lost confidence.
You should all know what happened after that. Geely, the parent company of Duracell, took advantage of the situation and finally acquired a majority of the shares of Nanfu Battery, taking full control of the company.
Then completely refrigerate the Nanfu battery... Let's get back to the subject. The situation has completely changed now. With Li Yuan's strong intervention, he has completed the acquisition of all the shares in Baifu Yangxing.
One thing to say is that Baifu Foreign Investment Co., Ltd. was actually very satisfied. They finally got a satisfactory return and called it a day.
However, Nanfu Battery's dilemma of lack of funds has not changed. Anyway, Chen Laimao took the initiative to find the capital.
"Brother Mao, are you saying that the China Securities Regulatory Commission doesn't have much hope?" Chen Laimao nodded with a wry smile: "We just gave it a try. We didn't have much hope in the first place."
"Then let me ask for you." Li Yuan found the phone and called Director Fan again: "Brother Fan, this is Li Yuan? Hahaha..."
"Hey! Don't call me Brother Fan. I have goosebumps all over my body."
"Haha, I have something to ask you, that is..." As a cadre of the Magic City, Director Fan really knows the tricks inside: "Xiao Li, since you say there is no chance, then there is definitely no chance. Let me tell you what's going on.
Some rules..." It turns out that in the early 1990s, the domestic securities market had just been opened up.
The companies that want to be listed are also mixed, and the China Securities Regulatory Commission will not care about the quality of the companies at all. Their listing standards - sit in rows and divide the results!
Yes! Can you believe it? That’s it! Each province is assigned a few places and you can make your own arrangements!
In Fujian Province, where Nanfu Battery is located, their quota must have been full. Why did Nanfu Battery apply?
Is it just to find a spare tire? But the list has been determined, how can you be allowed to be on it? In fact, Li Yuan doesn't care much about whether it is listed or not.
He smiled and asked: "Brother Fan, we are going to make an electric car. How can we do it without batteries? Now the Nanfu factory is short of funds?"
"Bullshit!" Director Fan laughed and scolded,
"The White Elephant Factory is also short of funds."
"Haha. Is this okay? We only ask to be on the waiting list? It doesn't matter when it will be listed?" Director Fan thought about it for a few seconds.
It is much easier to be on the substitute list. It will not affect the future of people jumping in line: "Xiao Li, a reminder: no one can guarantee what will happen next. I still don't know whether the listing quota will be opened in the future?" At present, the securities market
policies are ever-changing.
Today we don’t know tomorrow. So no one can guarantee it. Li Yuan smiled and said: “Brother Fan, don’t worry, we just need to enter the schedule list.” Director Fan seemed to have a misunderstanding: “Oh! What you want is a joint-stock system.
Reform?" It is quite normal for some places to carry out several joint-stock reforms for the sake of political performance.
Li Yuan didn't explain much: "That's almost it."
"Okay! I'll give you a name, and you can let Nanfu Factory contact you."
"Thank you! Haha."
"No, no, no. Don't cause any trouble like this in the future."
"hehe."
"..." Returning to the table, Li Yuan briefly talked to Chen Laimao.
"...Brother Mao, this is what happened before going public. There is no hope of going public for financing in the short term. But at least we have taken the first step, right?" Chen Laimao smiled wryly and toasted to Li Yuan: "Oh! There is still no problem with funds.
Solve it?"
"There is no need to worry about funds. First, two things should be resolved: the headquarters can stay in Nanping. But the factory will be moved to Nanping Development Zone, and the R&D center will need to be moved to Shenzhen in the future?" Chen Laimao frowned and thought for a few seconds: "I originally
I just want to open a branch factory. It’s okay to put it in Shenzhen City. But the funding gap is getting bigger and bigger?”
"Don't worry! My place here is different from Baifu Matheson. I can maintain long-term investment and ask for no return at all within a few years. Oh, and one more thing. Next year, we will recruit at least ten new college students and graduate students in this major. We will look for others.
A technician from the factory would be fine too.”
"Can't we solve so many establishments here?" After all, Nanfu Battery is still a state-owned enterprise, so there is an establishment problem.
Li Yuan smiled and said: "I have a research and development center in Shenzhen City, and I can arrange it there. The treatment of foreign-funded enterprises. Brother Mao, I can't even get into the university gate. I need your reputation in Nanfu. The two of us complement each other's strengths."
.”
"That's good." Chen Laimao asked with a smile,
"Xiao Li, what is our research direction?"
"I think the development direction in the next few years is mobile phone batteries."
"Mobile phone battery? I don't understand this... what is a mobile phone?" Chen Laimao expressed confusion. Okay!
Just now, the mobile phone service has not been officially launched in China. However, people like Chen Laimao who have gone abroad and broadened their horizons are not unaware of this stuff.
But there is no standard name at all. Or learn from Hong Kong and Taiwan, and call it - Big Brother. Or it is very academic - cellular phone!
Li Yuan smiled and introduced the situation of some mobile phones: "I think mobile phones are the trend of the future and will replace bp machines sooner or later." Chen Laimao was skeptical.
However, the financial backer, Dad, was the biggest, so he asked tentatively: "Does it require additional research and development, or does it require ordering a new production line...?" Anyway, as long as the money is in place, everything can be easily discussed.
Li Yuan nodded: "If necessary, we can make additional investment. The focus is on rechargeable batteries. The latest one should be nickel-cadmium batteries? The next generation should be lithium batteries, right?" Chen Laimao nodded with a smile.
Speaking of his major, he became confident: "It is indeed the direction of future development. It can... be placed in the Shenzhen branch in the future. Haha. However, after market research, I still think that the regular number, No. 7, is the most popular
.”
"This is not a conflict. We are strategic investments and will not interfere with your management and operation, Brother Mao. It is nothing more than production for one generation and R&D for one generation. The popularity of mobile phones should not be that fast."
"There should be relatively few people employed in the end." Chen Laimao made his own judgment,
"There are not even many users of BP machines. So my goal is to export. Currently, I have found a few agents abroad, but I have not been able to open up sales. Alas!"
"Oh? Then you can leave it to us. We still have some methods in places like Africa, Japan, and the United States."
"Really?" Chen Laimao was doubtful. Li Yuan suddenly thought of electronic pets: "Let's do this! I will reserve 1 million batteries here first. They can be used in my products." Sell one electronic pet and get two batteries as a gift.
,Isn’t this too much?
When Chen Laimao heard this, he thought there was such a good thing?
"Then...full payment?"
"You can pay the full amount if you want. I'm going to export this batch to the book."
"Xiao Li, it's not that I can't trust you. There are too many out there now. The factory can give you discounts in the future."
"Haha. I am not responsible for the specific business. Let's talk to the company manager then! I will let them contact your factory directly."
"What about investing?"
"The same goes for investment. I will ask Han Palace Investment to send out negotiators. They will negotiate the specific terms. You should also prepare. If Nanfu has any specific requirements, we can discuss them at that time."
