Li Fuzhen took Samsung's business team to the conference room that accommodated a hundred people.
I saw a seat sign on the rostrum. The bidding had not officially started yet, so there was no one on the stage.
On the other hand, in the audience, all the competitors have already arrived.
In modern times, SK are all old acquaintances. The moment their eyes meet, fear, wariness, hostility, and various emotions are intertwined.
In addition, representatives from Toshiba and Nanya sat together with Gao Qiquan, Zhu Yiming and others from Yangtze River Storage.
There was talking and laughing, and the atmosphere was harmonious.
However, Lu Fei was nowhere to be seen.
This weird detail was also captured by others.
"He came to Germany but didn't attend the bidding meeting?"
Mark Deken frowned and had an ominous premonition.
"Perhaps he feels that he has a chance to win the bid and there is no need to show up. He may also have to continue to accompany him to visit other European countries and cannot stay in Germany for too long..."
The secretary mentioned several possibilities for Lu Fei's absence.
Mark Deken thought it was reasonable and dispelled his doubts.
After a while, Luo Jianhua, Michael Jaffe and other leaders of the reorganization appeared on the stage and read out the bidding rules in front of everyone.
After each round of bidding, the highest price of each round is announced on the spot, only the quotation is quoted, and the name of the bidding company is not reported.
The price entered in the first round must not be lower than the published minimum price, otherwise it will be invalid.
The starting price for the second round shall be the highest price announced for the first round, and the bid shall not be lower than the price for the first round.
Otherwise, it will be considered eliminated, and the bidding company will be announced on the spot, and there is no need for the bidding company to stay any longer.
In the third round, a final bidding ranking list will be made based on the highest price in the three rounds. The first and second place will enter the final round of bidding.
In the fourth round, in addition to the purchase price, the winning bid will also be based on other acquisition conditions set by the two bidding companies.
"Once a bidder submits a bid, it may not be withdrawn. The bid representative must sign and seal the special ticket for each round of bidding."
Luo Jianhua looked left and right, "If there is no problem, let's start now."
“The starting price for the first round is US$1.8 billion!”
"Mr. Lu, the bidding has begun."
Zhu Yiming sent a text message to Lu Fei and received a reply from him soon. He was discussing with Infineon, Dresden and other creditors to "give up the creditor's rights", and it was Deutsche Bank's turn next.
He let out a heavy breath and focused on the exclusive acquisition bid. After all, it was related to whether he could become the CEO of Changxin Storage.
Michael Jaffe opens the special tickets for bidding one by one.
“The starting price for the second round is US$2 billion!”
Hearing Luo Jianhua's report, Mark Dekan was very proud, smiled evilly, tried his best, and raised US$200 million.
The secretary asked in a low voice the amount filled in this time.
Mark Durkan is like a troublemaker who deliberately bids up money at an auction, but is afraid that the bid will be too high and he will actually win.
So, a slightly conservative quote of $2.1 billion was made.
In the second round, Luo Jianhua's bidding price was not exactly the same as his, but was US$2.11 billion.
In this round, Hyundai, Toshiba, and Nanya's bids were all below US$2 billion, and they were eliminated and withdrew from the bidding.
There are only four companies left on the market, Yangtze Memory, SK, Samsung and Micron.
"This bid is most likely the work of Samsung and Yangtze Memory." Mark Dekan narrowed his eyes.
Looking at the crowd leaving the venue, the secretary couldn't help but feel nervous, "It's already the third round. If our bid is too high, we will enter the fourth round. If YMTC gives up the bid then..."
"Impossible! Absolutely impossible!"
Mark Deken turned his attention to Gao Qiquan and others, "Huaxia Continent is bound to win, it will definitely happen, it is impossible not to win!"
"But what if?"
The secretary was unsure, "To be on the safe side, we choose to abandon the bid now, pay $2.1 billion, and then be eliminated."
Mark Dekan looked at the expressions of SK representatives, Li Fuzhen and others, "That's it, just fill in the US$2.1 billion and let them fight for it." After saying that, he raised an evil smile on his lips.
Zhu Yiming received Lu Fei's text message, whispered to Gao Qiquan for a while, filled in a series of numbers, and handed it to the ticket collector.
Four companies handed in their orders one after another.
Michael Jaffe raised his voice and announced loudly:
"The bidding companies shortlisted for the fourth round are Yangtze Memory, US$2.11 billion, and Micron, US$2.1 billion."
"What!?"
Mark Deken suddenly became excited and looked in the direction of Samsung and SK. Damn it, Fuck, you guys are a bunch of idiots!
The corner of Li Fuzhen's mouth slightly raised, which not only proved the reality of Hyundai and SK, but also pushed Micron into the fire pit, killing two birds with one stone.
Finally, he glanced at the Yangtze River Storage delegation without Lu Fei, turned around and left with a hint of loneliness in his doubtful eyes.
"The Reorganization Committee is discussing your two bids in depth, and we will announce the winning bid results the next day."
As soon as Luo Jianhua said this, Mark Deken reluctantly handed over the tender documents. At this moment, he bumped into Gao Qiquan and his party.
Gao Qiquan came over and took the initiative to say hello.
"Congratulations! Congratulations to Micron for entering the final round with us. We agreed in advance that whether we win the bid or not, we hope it will not affect the harmony between our two families."
Mark Deken forced himself to calm down: "Oh, you have 10 million more than us, and you have a better chance of winning Qimonda than us."
"That's not necessarily the case. Maybe your acquisition conditions can make up for the $10 million gap." Gao Qiquan left a meaningful smile to Mark Decken and walked away.
"It's broken, it's broken!"
Mark Deken immediately thought about Lu Fei's "Please enter the urn" in his mind, "We have fallen into Huaxia Lu's trap again!"
As soon as possible, I contacted Appleton on the other side of the ocean.
After telling the whole story and my own speculations, Yangtze Memory may be like Samsung and SK in that it has no interest in Qimonda at all and is basically a no-brainer.
The purpose may be the same——
They are just deliberately driving up the prices and trapping the big bad guys!
It just so happened that this big wretch turned out to be Meguiar!
"We must not spend 2.1 billion US dollars on Qimonda. We have only one goal, which is Elpida!"
Appleton suppressed his anger on the phone.
"I know, of course I know."
Mark Dekan realizes he may have lost his game.
If Micron wins the bid, it will be impossible to have enough money to acquire Elpida, especially Qimonda's huge debt. In the environment of market saturation and subprime mortgage crisis, Micron will be trapped in a quagmire.
The only solution is to break the contract and abandon the bid.
But it will severely damage the reputation. Although Micron's reputation is not very good, it will also affect Micron's subsequent bid for Elpida and make it disqualified. Then a scapegoat is needed.
There is no doubt that I am definitely to blame!
The only hope now is that Yangtze Storage wins the bid.
"Mark, you're in trouble, you're in big trouble!"
Appleton cursed on the phone.
"Don't worry, this is just an assumption of mine. The acquisition price of Yangtze Memory is US$10 million higher than ours, and in order to ensure that it does not win the bid, all the acquisition conditions in the bid were deliberately downgraded. Qimonda simply doesn't care.
Not on."
"What if Yangtze River Storage thinks the same way?"
"Impossible, absolutely impossible."
Mark Deken's heart skipped a beat and he prayed silently——
Mr. Lu is a decent man!
………………
Meanwhile, street cafes.
Lu Fei shook his legs leisurely and answered the phone.
"Mr. Lu, do you think Micron really wants to buy Qimonda?" Gao Qiquan said with a hint of worry in his tone.
“If Micron was really interested, it would have acquired 77.4% of Qimonda’s shares from Infineon long ago. Why wait until now?”
Lu Fei laughed and said: "Micron is really causing trouble. If I guessed correctly, their target should be Elpida."
"Mr. Lu, if it's like what you said and you asked us to deliberately act like this in front of them, Micron will probably not be able to sleep all night." Gao Qiquan laughed.
"Not just tonight, once Qimonda is completely digested, I will make Micron unable to sleep every day!"
Lu Fei repeatedly asked him to keep in touch with Luo Jianhua.
With the first purchase price, it is no surprise that Yangtze Storage won the bid.
After sitting and waiting for a while, the German translator assigned to him by the company smiled and ushered the people from Deutsche Bank in, led by President Joseph Ackerman and his deputy, Anshu Jain.
The two of them can be called Deutsche Bank's darlings.
They jointly evacuated the risk control department that restrained the unbridled expansion of investment banking business, and gave the green light to almost all areas of the investment banking department. The scale was so large that it even destroyed the internal control mechanism.
Deutsche Bank's liabilities have skyrocketed, expanding from 573 billion marks at the beginning of the millennium to 2.2 trillion euros today.
Like a wild horse running wild, how wild can it be?
Dong Jianguo was looking for money on Wall Street, but no one on Wall Street responded, but Deutsche Bank kept lending money again and again.
It’s this pair of sleeping dragons and phoenixes!
The euphemistic saying is: Only by lending loans to customers whose peers consider the risks to be extremely high can you stand out.
Even such loans to bankrupt professional households can be approved. Such high-quality customers like Mr. Lu, the richest man in China, and one of the top ten richest people in the world, will naturally agree with their eyes closed.
Not only did Joseph approve the loan, he even felt that the loan of US$612.5 million to Yangtze River Bank was too small and he could borrow more.
Anshu Jian understood it deeply and spoke with a curry flavor, "Lu, I heard that you also approached Dresdner Bank and Industrial Bank for loans. Why don't you also give this loan to Deutsche Bank, and we can give you a more
Low interest, wider conditions.”
"This is not something I can decide, you know."
Lu Fei shrugged, "Some people hope that Industrial Bank and Dresdner Bank can get stable and reliable business."
"A bank that doesn't rely on itself is simply a shame to the banking industry!"
Joseph heard the overtone of the words and complained a few times, "612.5 million U.S. dollars is 612.5 million U.S. dollars."
"I want to make it clear in advance that this loan is entirely based on the premise of Yangtze Memory's acquisition of Qimonda."
Lu Fei smiled, "If we don't win the bid..."
"I understand exactly what you mean."
Joseph nodded. As one of Qimonda's largest creditors, Deutsche Bank is also a member of the bankruptcy reorganization committee.
The two looked at each other, saying nothing.
After confirming the completion of the PY transaction, Lu Fei crossed his arms and said, "In addition, regarding Qimonda, I have one more condition."
"Please say."
Joseph stirred the coffee with a spoon.
"About Qimonda's debt."
Lu Fei said seriously that there will be new changes in the bidding distribution plan of US$2.11 billion. The original plan was to use US$1.75 billion to repay creditors. However, according to the German bankruptcy law, in addition to procedural costs, public welfare debts must be paid off. You can follow Qimonda's plan
The creditor group negotiates to relieve part of the bankruptcy claims.
"Do you want Deutsche Bank to give up all its claims on Qimonda?"
Joseph was keenly aware of his purpose.
"It's not all, it's 65%. It's not just Deutsche Bank. It includes Infineon, Dresdner Bank, Deutsche Bank, and the entire Qimonda creditor group. All this is to make Qimeng
Let’s get back on track as soon as possible.”
Lu Fei had a smile on his lips.
"Then wait until you convince Infineon, Dresdner Bank, and Deutsche Bank that they agree, and then we will make a decision."
Joseph adopted a strategy of avoidance.
However, Lu Fei came well prepared and spent the whole day persuading the creditors to give up 65% of Qimonda's debt. He was close to persuading Dresden, Deutsche Bank and other banks, as well as Infineon.
"What!?"
Joseph found it unbelievable. He could understand the reason why banks such as Dresden agreed, because borrowing new loans from them was equivalent to covering old debts with new debts.
But I never expected that Infineon would agree!
"Infineon does not want to completely give up the DRAM business. We promised to cooperate with Infineon after acquiring Qimonda to transform Qimonda into an advanced mobile memory factory and move to the world's leading 46nm process or even 30nm process.
."
Lu Fei smiled and said: "The 65% of the debt that Infineon gave up will be regarded as the first R&D expenditure for this project."
"So, does that mean Deutsche Bank is the only one left?"
Joseph took a breath of air.
"Almost, you are the only major creditors left. In this new aid plan, we will use US$612.5 million to repay you, and the rest will be invested in technology upgrades and projects after the merger of Qimonda and Yangtze Memory.
R&D.”
Lu Fei crossed his arms playfully.
The corners of Joseph's mouth twitched, resisting the urge to curse.
First, a US$2.11 billion plan was used to win the exclusive bid to acquire Qimonda, and then members of the bankruptcy committee, including Infineon, were asked to voluntarily give up 65% of their claims.
In other words, the US$1.1375 billion won’t have to be paid back!
In fact, a total of $972.5 million was spent!
The key point is that the US$612.5 million used to repay the money was borrowed from Deutsche Bank, and then used to repay the entire creditor group, and all the money coming in and out was Deutsche Bank's money.
Mr. Lu only needs to shell out US$360 million.
It is even very likely that more than half of the $360 million was provided by German industry, Dresden and other banks for long-term low-interest loans to Yangtze River Storage, which is equivalent to using bank money to buy the only Dram giant in Germany and even Europe -
The left hand is reversed by the right hand, and Qimonda is the empty glove!
Do we still have to thank Mr. Lu?
"Monkey Thunder thanks..."
Anshu Jiaen opened his mouth and looked at Lu Fei again, his eyes full of awe. This girl knew more about deception than he did.
No wonder he is so rich, he definitely got it through fraud.
After all, the third brother is not ashamed of fraud, but proud of it.
"land!"
Joseph angrily refused, "Even if you use new debt to cover the old debt and get Dresden to agree to give up their debt, is the price you offered Deutsche Bank too low? US$612.5 million with interest is not enough."
To cover Qimonda’s debt.”
"How much can you allow?"
Lu Fei took a sip of coffee with a relaxed expression.
Joseph and Anshu Jain whispered and murmured for a while, "65% is impossible. The most we can accept is 51%, or increase Deutsche Bank's loan limit."
Lu Fei shook his head and laughed, not giving in an inch.
"Lu, don't think that if you win the bid, you can do whatever you want. We can definitely find other bidders to replace Yangtze River Storage!" Anshu Jain said in a threatening tone.
"You threaten me?"
Lu Fei narrowed his eyes, do you want to test whether my sword is sharp?
"This is not a threat, it is just a friendly reminder."
Joseph is not willing to be outdone, and my sword is not at a disadvantage!
"Okay, okay, then I will use information worth hundreds of millions to make a deal. You all know that I successfully became a shareholder of Goldman Sachs through subprime mortgage last year, and I also got along well with the U.S. Treasury Secretary. I heard from them
A message coming."
Lu Fei smiled and stretched out a finger.
Joseph and Anshu Jain looked at each other, both curious about what kind of news could be worth hundreds of millions of dollars.
"The Department of Justice is launching a large-scale investigation. They are tracing how the subprime crisis was caused and what forces were doing the evil."
Lu Fei's eyes flashed with light.
The target of the attack is the investment banks that claim that their investment products are safe. They have been plotting to settle the scores in the future. They will first severely punish local banks. At least hundreds of billions of dollars in fines will be issued. At least hundreds of small and medium-sized banks will be fined until they go bankrupt.
"Gulu~"
As a trader of subprime mortgage debt, Anshu Jain knows this very well.
The subprime mortgage crisis also has Deutsche Bank's share!
"This is only local. How much fine do you think Deutsche Bank will be fined? It may be US$5 billion, or it may be US$10 billion, and there are countless funds launching lawsuits."
Lu Fei smiled coldly, "Deutsche Bank has not been found yet, but Deutsche Bank may be found soon. Are you ready?"
"You, you threaten us!?"
Anshu Jian and Joseph suddenly felt cold.
"How could it be? We are friends!"
Lu Fei looked harmless, "Otherwise I would have revealed this news to you? How about it, is this news worth 65%? I don't want 70%, or even 80%!"
"What if what you said is false?"
Anshu Jaen is convinced that Mr. Lu is the god of fraud.
"You can choose not to believe it."
Lu Fei disagreed. In fact, he had already convinced the majority of the members of the bankruptcy committee. If Deutsche Bank persisted, it would still be able to give up 65% of its claims when it came to a vote.
Joseph knew very well that this was the first time for both parties to cooperate and the situation could not be ugly. After much thought, he said, "We have to go back and discuss with the other directors before the board of directors approves it."
"Understand, understand."
Lu Fei stood up and said, "We have a saying in China that if you borrow something, you must repay it. It is not difficult to borrow again. There are still many opportunities for cooperation. It seems that we are losing money now, but we may make money in the future."
"you are right."
Joseph forced a smile on his face, shook hands with him, and walked away with Anshu Jian and others, fearing that he could not hold back the next second -
I have never seen such a shameless person!
He is simply more devil than the devil!
ps: We learned from Micron’s acquisition of Elpida and used various means to eliminate 70% of the debt, which amounted to more than 3 billion US dollars.
