In view of the fact that the electronics industry, which is supported by national policies, is facing severe international competition, the Korean government held a crisis response meeting with the country's leading chaebol groups and introduced six targeted support policies.
1. Strengthen policy and financial support, provide incentives and exemptions from land to tax, and support the healthy development of the electronics industry.
Second, provide special interest-free support loans totaling 152,000 Korean won (approximately US$8.6 billion) to support corporate technology research and development and equipment upgrades.
Third, in response to the large-scale price reduction trend initiated by domestic appliance companies in China, Japan and other countries, the government initiated an anti-dumping investigation.
Fourth, the Prime Minister will personally establish an Export Countermeasures Headquarters to promote Korean high-quality home appliances to international allies and provide all export conveniences.
Fifth, the Korean Academy of Sciences has established a special research group on LCD panels and chips to provide scientific and technological support to enterprises through international cooperation and independent research and development.
Sixth, the foreign affairs department of the government will come forward to introduce the dangers of low-price dumping to friendly countries in the United States, Japan, Europe and Asia, and help them identify household appliances that do not meet standards, so as to promote normal and reasonable competition in the market.
As the mastermind behind all these serious consequences, Wang Yaocheng, who was far away in London, saw these six countermeasures, laughed and threw them aside, never paying attention to them again.
If government intervention is useful, why should the invisible hand of market competition be used?
It would be naive to simply promulgate 12,345 policies and capture all the markets.
The international market has its own specific operating rules and responsibilities, and will never be influenced by the likes and dislikes of a certain government.
In terms of dominance and power, the Americans are beyond the reach of Han Bangzi. They go to great lengths to support domestic industries. Is it useful to look at the actual situation?
The United States' traditional industries, including steel, chemicals, home appliances, electronic equipment, and machinery manufacturing, are still in decline, giving way to the strong competitiveness of emerging industrial countries.
Countless examples of failures in history prove that willingness on the part of the government is not enough, and rash actions will only result in a slap in the face.
Right now, there is one more thing that worries me.
Hong Kong's Cheung Kong Holdings merged with All-England Water Company, and the Li Ka-shing family was involved in the merger, which brought new changes to the originally planned matter.
Speaking of which, Li Ka-shing's family has been running a business in Hong Kong for nearly sixty years. Its subsidiaries, Cheung Kong Holdings and Hutchison Whampoa, were uprooted by the royal family's funds. This grievance is not trivial and can almost be said to be life-or-death enemies.
After this incident, unlike other traditional wealthy families in Hong Kong, the Lee family shifted its focus to investing in Canada, North America and Europe, mainly in the fields of utilities, energy and petrochemicals.
From a financial perspective, the Lee family holds tens of billions of Hong Kong dollars in cash flow, and is indeed capable of competing with the Royal Family Fund on this project.
in the office
Zhang Shuguang, the vice chairman in charge of the business of the Hong Kong consortium, looked very ugly and reported in a low voice: "Chairman, the UK unilaterally notified the temporary suspension of negotiations. I am responsible for this and did not end this protracted negotiation as soon as possible."
"Each lesson leads to wisdom. Since the general direction of acquisition negotiations has been determined, there is no need to dwell on small details and care about minor interests. This incident also reminded us...
"
A chilling sneer appeared at the corner of Wang Yaocheng's mouth, and he said: "If you don't kill the snake, you will suffer from it instead."
"Been taught a lesson."
Zhang Shuguang accepted it sincerely, feeling unspeakably aggrieved and watching the cooked duck fly away.
"What preferential conditions have been proposed by the Li family?"
"There are two main ones. One is to increase the acquisition price to 7.2 billion pounds. The second is to agree to the British trade union organization's terms on increasing worker benefits and eliminating layoffs, which increases the acquisition cost in disguise."
"Oh, haha, the Li family is quite optimistic about this asset, and the price they paid is not low..."
Wang Yaocheng smiled calmly and said, "According to our rigorous scientific evaluation, our acquisition price is 6 billion pounds, and the annual investment rate of return is about 6.7%. It will increase depending on the management level."
Minus. So, how much can the Li family’s bid reach?”
"Uh...this...we haven't calculated it accurately."
Wang Yaocheng's face darkened and he said: "Know yourself and the enemy, and you will never be defeated. Join the Li family and agree to the conditions of the British Water Association. It is easy to calculate the return on investment. This matter will be done immediately."
"Yes, Chairman, then the next step..."
"Haha, since the Li family likes to get involved in our business, in the spirit of treating everyone from afar as a guest, we should also show a welcoming attitude and give him appropriate encouragement."
Wang Yaocheng stared at Zhang Shuguang and saw that he was still a little confused. He said with an unhappy expression: "Are you pampered now? Your head is full of music every night. If you lose your sensitivity to business, how can I trust you to do your job well?"
Do it well?"
The words were spoken so lightly that they sounded like thunder in Zhang Shuguang's ears. He was so shocked that he was sweating profusely and lowered his head in fear.
As a leader among the "personal guards" trained by Wang Yaocheng himself, Zhang Shuguang's honor and disgrace can be said to depend on the chairman's likes and dislikes.
One word for life, one word for death.
Even if you are a rich man with a net worth of billions, if you end up falling out of favor, I am afraid that the heavyweights in your circle of friends will leave one after another.
If you can only be left alone, how can you talk about your career and future?
The interests of the elite members of the Guards are all tightly tied to the consortium, especially the majority of their net worth is stock options in consortium companies.
Even with the high position of Zhang Shuguang, the dazzling vice chairman of a consortium, his annual salary is only a few million US dollars. His main annual income comes from the consortium's option dividends. Depending on the operating performance, it ranges from millions to tens of millions to hundreds of millions of US dollars. This is true.
Big head.
"Have you figured out what it tastes like?"
A layer of sweat appeared on Zhang Shuguang's forehead. He didn't bother to wipe it off. His mind was spinning rapidly and he said in a measured tone: "Chairman, what you said about knowing yourself and knowing your enemy is not true..."
Through reverse derivation, we estimated the determination of the Li family to participate in this project, and we raised the stakes appropriately to put them in a dilemma, and in the end they had to swallow this piece of chewy bone."
"Huh, you're not that stupid."
"But...are you just going to give up on the fight for the equity of All England Water? It always feels like a pity."
"What's the pity?"
Wang Yaocheng glared at him angrily, which made Zhang Shuguang's heart tremble and his face turned pale.
It's a pity that a powerful and powerful official has no temper at all in front of Wang Yaocheng, just like a well-behaved kitten, unable to resist at all.
Of course Wang Yaocheng would not feel happy when he was cut off like this, but it was never his style to be passively beaten, and he would definitely have to fight back fiercely.
"The acquisition of All England Water Company is because of its cost-effectiveness, which is conducive to the preservation and appreciation of the consortium's funds and long-term returns. The investment return ratio is a key indicator. Without this premise, this huge acquisition will fail."
Wang Yaocheng did not hesitate to give some advice to his confidant generals, and his expression softened and he said:
"The world is so big and there are countless assets that can be acquired. I have no interest in giving in to the other party because of a cross-border acquisition, and I will not pick up the lost bones again.
All England Water thought they could benefit from the conflict between the two tigers, but they lost their best option. This was their loss.
Of course, Royal Fund is not in the habit of letting its competitors easily pick the peaches from its head.
Knowing yourself and the enemy means asking you to make another offer that is extremely uncomfortable for the other party, forcing them to bid again.
In the end, what the Li family got may be a worthless piece of food, tasteless to eat, and a pity to throw away.
For a company that is responsible for its own profits and losses, I am really interested to see if investors can't make money, why should the company's employees enjoy better benefits and treatment?
It's just empty words.
It is impossible for investors to pay benefits to employees at a loss. When promises cannot be fulfilled, resentment will naturally accumulate, causing serious conflicts between workers and management.
Haha...it's like one plus one equals two."
After listening to the chairman's words, Zhang Shuguang nodded in agreement.
Just a gentle push made the Li family feel extremely uncomfortable.
According to preliminary estimates of the preferential conditions offered by the Li family to All-British Water Company, the investment return rate will drop sharply to about 3.5%.
If the Royal Family Fund increases its investment, even if it fails to meet the preferential conditions granted by the Li family, it will definitely create considerable trouble for the other party.
The current board of directors of All England Water, which values money over people, will surely benefit from the bidding process and force the Lee family to continue to raise their bids.
Offending the Royal Family Foundation, the Li family's move can be said to have forced themselves onto a single-plank bridge, with no choice but to advance and not retreat.
At this time, He Chen, who was also the head of the secretariat, walked in quickly from outside. When he saw Zhang Shuguang, he took the initiative to say hello:
"Hello, Vice Chairman Zhang, I wonder if I disturbed you when I came in?"
"It's okay, we have finished talking about the matter here." Zhang Shuguang replied with a smile, turned around and respectfully said to Wang Yaocheng: "Chairman, I will implement your instructions immediately."
"Go and entertain our friends."
"I see."
Zhang Shuguang felt his vest go cold, so he responded quickly and left the office in a hurry.
Wang Yaocheng walked to the leather chair behind his desk and sat down. He glanced at the cigar box. Here, He Chen had quickly taken out a cigar, cut off the cap, lit a match and offered it to him respectfully.
.
Wang Yaocheng lit the cigar in his mouth, puffed out a puff of smoke and sat on the leather recliner. He Chen immediately reported:
"Chairman, according to your schedule, Mr. Shea, the vice president of Marvel Entertainment Films, has important matters to report, involving Disney and Comcast's attempt to acquire our Marvel Animation. It is estimated that there will be new information to report, thank you
Yi is already waiting outside."
Wang Yaocheng's eyes revealed complicated considerations, and he nodded and said, "Let Xie come in and see if there are any new ideas."