"Your Excellency, Director He Chen has just finished handling matters related to property owners' disputes and protestors. He wants to report to you as soon as possible. Would you like to receive him?"
"Oh, Miss Xuxian, let him come over!"
"Okay, Your Majesty."
Wang Yaocheng let go of the dialogue button in his hand, lay heavily back on the leather seat, fiddled with the gold pen in his hand in a slightly impetuous mood, and let out a long sigh.
When I came to New York, I couldn't see the lovely Ivanka. Ivanka gave birth to a baby boy at the beginning of the year, and now is the time to learn to speak.
Wang Yaocheng could not get away to see their mother and son, and they could not come to the Viking Building to reunite. It was really depressing.
The headaches don't end there. Nicole Kidman, who lives in New York, also has a black-haired boy over two years old with a high nose and blue eyes. He is also the blood of Wang Yaocheng. Looking for opportunities
Going to take a look.
Now that he is blocked here by the demonstrators, his mentality cannot get better.
There has been a new breakthrough in Huo Jiaguang's telecommunications negotiations in Europe. Wang Yaocheng, the chairman of the consortium, needs to personally make a decision. Europeans attach great importance to this set of superficial skills. There is nothing to talk about now. All we can do is wait here.
"Chairman, good morning." Director He Chen opened the door and walked in.
"What a fart! What's going on down there?"
"Uh... Chairman, things are changing rapidly for the better. The vast majority of owners have agreed to sell their property rights, and there are only a few die-hards left. It seems that some pressure needs to be exerted to make them submit. This still requires
A little time."
"Give them more money and tell them to move away and stop bothering me."
"Oh, okay, we will solve it as soon as possible. The Secretariat has arranged for someone to have a dialogue with the representatives of the protest initiators. I believe progress will be made soon. Give us two days at most and the problem should be solved."
"As soon as possible! I'll give you one more day and it must be resolved before 6:00 pm tomorrow. I don't have the patience to wait any longer."
"I understand, Chairman, I promise to complete the tasks you assigned."
"Okay, go quickly."
He Chen bowed politely and saluted, then turned around and left in a hurry. The chairman's impatience brought great pressure to him, as if it was like a mountain weighing on his heart and making him breathless.
Wang Yaocheng watched his assistant leave, sighed quietly, and forced himself to focus on the current thorny issue.
Despite the current acquisition spree, the companies acquired are full of troubles.
Among them, Samsung Group, Swiss ABB and Rio Tinto are relatively easy to integrate. AIG Group, Merrill Lynch, Wachovia Bank, and Washington Mutual are all in a mess, which makes people’s heads ache.
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Samsung Group is not involved in the subprime mortgage quagmire. Its main problem is that its core company, Samsung Electronics, has been squeezed up and down by its competitors and has fallen into a brutal price war.
After the acquisition was completed, price competition in home appliances around the world quietly ceased, loosening the noose around Samsung Electronics' neck and allowing it to quickly breathe a sigh of relief.
However, Samsung Electronics is really unlucky and has encountered a worldwide financial crisis caused by the subprime mortgage crisis. It can only wait for time for the global market environment to improve.
Samsung Electronics, controlled by Yukio Sakamoto, quickly took control of the company through exchanges of cadres. Yukio Sakamoto moved his office to Seoul to take charge personally, and severely punished those who violated the regulations during the corporate restructuring and merger process.
The effect was immediate. After laying off some middle and senior managers, Samsung Electronics has returned to normal operations.
After Hynix technicians moved in, the six wafer fabs that Samsung invested in for the second time have rapidly improved their technical level and are now able to use 60-nanometer advanced process technology to produce application chips for the market.
Atlantic Jinko's most advanced process technology has reached 28 nanometers, which is two generations ahead of major overseas manufacturers Hynix and TSMC. This is the internal technical control of the consortium.
Thanks to a large amount of technology investment, competing manufacturers in the chip market are still hovering at the 90-nanometer process technology level. Samsung Semiconductor's 60-nanometer is enough to keep it competitive.
As long as we firmly hold on to Samsung Electronics, the leading company, the recovery of the entire group is just around the corner.
The basic structure of the Swiss ABB Group has not changed, its operations have always been stable, and it is a leading company with good revenue.
In the field of intelligent industrial robots, it adheres to the European tradition of precision craftsmanship, and its product strength firmly controls the high-end market.
Its biggest flaw is that the cost is too high. After the merger and acquisition by the consortium, through the active introduction of domestic production in China, it is expected to greatly reduce the corresponding costs and enhance market competitiveness.
After Lehman Brothers announced its collapse on September 15, the international market seemed to have experienced a major earthquake. From New York to London, from Frankfurt to Hong Kong, from Tokyo to Seoul, stock markets in various countries plummeted.
Rio Tinto's stock also plummeted. The investment team led by Du Bo entered the market again, took on a huge amount of chips at the bottom, and spent another 37 billion US dollars to increase the company's shareholding to 81%, successfully completing the move.
In the second phase of the plan, we fought a beautiful acquisition battle.
If the 9% stake held by Chinalco is added, the equity of both parties exceeds 90%, occupying an absolute controlling position.
Cleverly taking advantage of the financial turmoil in 2008, Royal Fund occupied 81% of the controlling stake at a cost of US$82 billion, achieving its goal of taking a strong hold on Rio Tinto. Compared with BHP Billiton's aborted US$145 billion merger and acquisition plan, it saved 1/3 of the funds.
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Most of Rio Tinto's original board members and senior management were replaced, and senior management from the British Red River Resources Company took over. Zhao Feng also served as chairman. The headquarters is still in London, but it has simply been moved a few blocks away.
Most of its controlled factories and mines have not changed. They only need to produce qualified ore products as planned. The operation of the bulk raw material industry is simple and crude, with little technical content.
Intuitive data such as ore output, unit production costs, productivity indicators, safe production days, etc. can show the level of corporate managers.
The most troublesome thing now is financial companies, which are in trouble due to the subprime mortgage crisis.
Moreover, even college mathematics teachers may not be able to understand the financial derivatives designed by Wall Street financial elites. It is simply a bottomless pit.
Judging from the current situation;
Merrill Lynch, which was acquired for a total of US$19.4 billion, has so far cleared out losses of more than US$15 billion, and all of this part has been set aside for bad debts for loss processing.
There should be another US$6 billion to US$10 billion in uncontrollable factors in the future, which may lead to further provisions for bad debts.
On the premise of significantly laying off relevant responsible personnel, the consortium will continue to inject US$20 billion in cash flow to comprehensively improve Merrill Lynch's operating conditions and inject vitality through blood exchanges.
The investment in these large-scale transformations exceeded the original assessment of the consortium, and there were many detailed business adjustments and personnel adjustments, as well as incentive and reward and punishment plans. Anyway, it was a lot of mess.
The situation of Washington Mutual Bank and Wachovia Bank is better. For these two banks that have declared bankruptcy protection, their employees have liquidated more than 80% of their banks, leaving behind a clean shell and a lot of non-performing assets.
HSBC has quickly dispatched personnel to take over the above-mentioned banking institutions and has reopened them on the basis of comprehensive integration to provide basic financial services to depositors and bank customers.
As time goes by, the integration work will be gradually completed, which will take about a year.
With HSBC's current giant size, swallowing up these two banks is simply a piece of cake, it just takes time.
In the study
Wang Yaocheng immersed himself in the paperwork and handled matters. Now that the consortium is in a major historical period of rapid expansion, nothing can be neglected to prevent unpredictable crises.
He is now walking on thin ice, holding a few big thunders in his arms. If he can be successfully integrated into the consortium, he will definitely become a powerful booster for the consortium to take off again.
If the mergers and acquisitions are not integrated well, or at least choked, it will cause severe indigestion and hinder the steady progress of the consortium.
Or if it exploded in my arms, the consequences would be unimaginable.
Lehman Brothers, one of the top companies on Wall Street, collapsed, causing collateral losses of more than one trillion U.S. dollars. This is the huge destructive power of super-large financial institutions.
AIG Group counts as one, Merrill Lynch counts as one, and Samsung Group counts as one. The reason why Samsung Group implements comprehensive localization is due to concerns in this regard.
It's far from time for the Wang Consortium to celebrate their victory. The long march has just taken its first step.