Chapter 771 [Entering the field of electric vehicles]
Lam Cho-fai stands in front of the window of the 88th floor office of the ‘IFC Center Phase 2’, overlooking Kowloon and Victoria Harbour, which always arouses his ambition.
Money, he does have enough!
However, being able to make money represents his strength and ability, so he is still looking for investment directions for his funds.
The failure of the acquisition of American Petroleum Company did not dampen Lin Zuhui's enthusiasm for investment. This was a normal investment failure, and at most he lost some consulting fees and preparation expenses.
In fact, if he uses the funds to purchase commercial real estate around the world and use it to collect rent, he will not only not be affected by political influence, but can also obtain stable profits and appreciation.
In fact, New Era Group has been doing this, but it only occupied part of the investment and did not devote all its efforts to real estate.
"Dong dong"
"Come in"
There was a knock on the door, and Lin Zuhui turned around.
"boss"
What came in was Lin Zuhui's general Yuan Tianfan, who was also one of the three carriages from the New Era Group headquarters (Chen Bin, Liang Zhenxun, and Yuan Tianfan).
"Boss, this is the information about Nanfu Battery in the Mainland. I have investigated it clearly!"
Lin Zuhui nodded and took the information and looked at it seriously.
[In 1999, the NP Municipal Government invited CICC to take the lead in raising further funds for Nanfu Battery. The original five Chinese shareholders of Nanfu Battery used 69% of the assessed value of Nanfu Battery’s existing assets as capital. The Government of Singapore Investment Corporation
, Morgan Stanley, Dutch National Investment Bank, and CICC (CDH), four international investment banks, invested US$10 million, US$4 million, more than US$1 million, and more than US$1 million in cash respectively to jointly establish Huaxia Battery Co., Ltd. (referred to as
Huaxia Battery), in order to control 72% of Nanfu Battery. In Huaxia Battery, the four original Chinese shareholders collectively hold 51% of the equity, and four international investment banks jointly hold 49% of the equity.
At that time, the listing policy of the mainland's main board restricted foreign shareholding to no more than 25%; and foreign parties such as Morgan were unwilling to transfer their hard-won equity, so they could only push Nanfu to list in Hong Kong. However, the listing pace was soon changed by China Resources
Baifu interrupted.
China Resources Baifu lost tens of millions of dollars due to gold speculation. In order to repay debts, it had to transfer 20% of its equity in China Battery to a subsidiary of China Base and transfer part of its equity to Morgan Stanley. This not only caused foreign parties
The total shareholding exceeded that of Chinese investors for the first time. At the same time, because this equity transfer was the first of its kind and violated the Hong Kong listing requirement that shareholders remain stable within three years, the pace of Nanfu Battery's listing in Hong Kong was disrupted.
In 2001, foreign parties pushed Huaxia Battery to increase capital and expand its shares on the grounds that Nanfu Battery wanted to acquire Shuanglu Battery. Chinese investors had no money to participate in the capital increase, and the gap between domestic and foreign capital ratios further widened.
This year, China Base's subsidiary sold 20% of the equity of Huaxia Battery transferred from China Resources Baifu to Zhejiang Fubon for 78 million yuan. Morgan Stanley did not want others to get involved in China Resources Baifu Battery, so it acquired the equity for US$15 million.
return.
Seeing that there is no hope of listing in Hong Kong, and foreign capital has become the controlling shareholder, the NP Municipal Government recently sold its shares in China Battery for US$10 million. After a series of equity changes, foreign parties have fully controlled China Battery, and Nanfu’s
The control rights also reached 72%, and the master who controlled the fate of Nanfu Battery became Morgan Stanley. Nanfu Battery has since become a "national pride brand" controlled by foreign capital.]
After reading the information, Lin Zuhui asked: "I want to acquire 72% of Nanfu Battery from Huaxia Battery. Do you think there is any difficulty?"
Yuan Tianfan said with a smile: "As an equity investment tycoon, Morgan Stanley aims to promote Nanfu Battery to be listed on the capital market and exit by selling at the right time to earn huge profits. Therefore, it is not difficult to acquire their shares. The key is
price."
Lin Zuhui said: "According to the investment of foreign capital, the total is 50 million U.S. dollars, which is a lot of money. So if you dare to contact us, even if it is 100 million U.S. dollars, we will have to acquire 72% of the equity of South African Batteries."
He is not stupid, but he understands that Nanfu Battery's profit will reach 80 million US dollars in the next year, and now is the time to get cheap.
Of course, Lin Zuhui is also a drunkard. After all, it is just a Nanfu battery, so why should he personally intervene. The reason why he acquired Nanfu was to enter the new energy field, that is, to create the "CATL Era" in advance.
Yuan Tianfan said: "Okay, I will go to Morgan Stanley to negotiate immediately! But after the acquisition, does the boss plan to continue to go public and cash out profits in the future; or does he plan to get a controlling stake and operate Nanfu Battery after the acquisition?" After saying this, he reluctantly
I can't help but be a little curious.
Lin Zuhui said: "Naturally, we will operate Nanfu Battery and build this company into a technology company. But it is a bit early to say this now. We will first take over the equity from foreign investors."
He is used to calling others "foreign capital", but he does not know that Hong Kong capital is also regarded as foreign capital in the eyes of the mainland. Of course, foreign capital is also closely related.
As a Hong Kong-funded boss, Lam Cho-fai is very favored in the mainland. Not only can his subsidiary Sina.com cooperate with Sanlian Bookstore to enter the publishing industry, it has also acquired the mainland's "Computer News".
Yuan Tianfan nodded and said, "Okay, I'll make arrangements right away."
....
The next day, Lin Zuhui came to a villa in Pengcheng and met with Zou Kaixuan and his two sons.
Zou Kaixuan and his two children are naturally from Xiangjiang, but the two children are currently studying in the Mainland because Zou Kaixuan has stayed in the Mainland for longer.
After playing with the children for a while, Lin Zuhui and Zou Kaixuan came to the study.
Lin Zuhui said: "I want Xiaomi Technology to enter the field of 'electric vehicles', so you recently established this department, and the name is 'Tesla', which means to pay tribute to the physicist Tesla. After this department was established, it quickly
Establish R&D centers in the United States, Europe, Hong Kong, and the Mainland."
Zou Kaixuan was stunned for a moment, and then asked: "You mean, electric vehicles will replace traditional petrol vehicles in the future?"
Lin Zuhui said with a smile: "It's too early to talk about replacement, but electric vehicles will definitely become an immeasurable automotive force. If we end it early, we can accumulate enough technology and strength in the future, and even reach the world's leading level."
status."
Zou Kaixuan nodded and said, "Okay, I support your idea and will definitely invest in this aspect." She understood that Lin Zuhui would definitely be willing to spend money on any industry designated by Lin Zuhui.
Lin Zuhui said: "Tesla, the car brand, needs to be registered as soon as possible, including in the United States and Europe. At the same time, this is a very unfamiliar field, and mainland talents are also scarce, so I asked you to establish R&D around the world.
Center, of course I hope you will focus on supporting R&D centers in the mainland."
"No problem, I understand what you mean!"
This woman has been in the technology industry for so many years and is already a ‘veteran’ and understands what Lin Zuhui is thinking.
As for Lin Zuhui, he simply wants China to take the lead in the field of electric vehicles as early as possible.
As for funds, Xiaomi Technology is not short of funds. Even if it is short of funds, Lin Zuhui has many ways to get Xiaomi Technology to borrow money from banks and raise funds from the stock market, so that the company can have dozens of R&D expenses every year.
Moreover, Xiaomi Technology will have a market value of about HK$250 billion with the explosion of its "Personal Smartphone" business, and even HK$300 billion is not a problem. I wonder if a company like this still worries about having no funds.
In the previous life, UTStarcom once reached a market value of more than 30 billion US dollars based only on PHS and network solutions; of course, as PHS exited the stage and smartphones came on stage, UTStarcom naturally declined.
Xiaomi Technology has a very wide range of businesses, and PHS is just one of the more important businesses, so its market value will explode in the past two years.
When it comes to entering the field of smartphones, naturally I will enter as soon as possible and will not be slow to do so.
Finally, Lin Zuhui said: "I am planning to acquire Nanfu Battery, and if it goes well, I will promote its listing. After that, I will choose to let Nanfu Battery acquire Xiaomi Technology's lithium battery business."
Zou Kaixuan naturally would not refute Lin Zuhui, but said: "No problem, I will promote this deal when the time comes. However, when Xiaomi Technology establishes Tesla electric vehicles, it will inevitably develop the battery part of electric vehicles."
Lin Zuhui said with a smile: "There is no problem with this. Just keep one department. In the future, Nanfu Battery will be changed to Nanfu Power. It will also develop batteries and solutions for electric vehicles. The two parties can cooperate."
Zou Kaixuan replied: "Well, this is a very good arrangement. Xiaomi Technology can just streamline the production system and use all the funds for research and development."
This woman is indeed very smart and very keen on the technology industry.
Lin Zuhui said: "What you said makes sense. The further Xiaomi technology develops, the more it will hand over part of its production system to foundries and focus on research and development. Of course, the supply chain must give priority to domestic companies and support the development of the entire industry.
"
Xiaomi Technology's R&D expenses have always been very high, and it has achieved great results. Its patents every year are China's No. 1 level. Because of this, this company is very cared for and taken care of by the upper management, and the support is no less than that of the mainland.
enterprise.
.......
Yuan Tianfan found John, the person in charge of the Greater China region of Morgan Stanley, and explained his purpose.
John looked thoughtful, and then said: "Mr. Yuan, we have been working on Nanfu batteries for many years. During this period, we relied on our corporate transformation capabilities to play a role in promoting the operation and development of Nanfu. For this asset,
We also take it very seriously.”
This is nothing more than tactical negotiation, nothing more than trying to gain a negotiating advantage.
Yuan Tianfan said: "Monochrome is an investment bank. Whether it invests in Nanfu or promotes Nanfu's operation and development, it is all for the purpose of listing and cashing out. But now, because the shareholders of Nanfu Battery change frequently, listing in Xiangjiang is not feasible for the time being.
So, if you take profits and cash out at this time, why not do it?"
John smiled and said: "What you said seems to make sense! However, we actually also have long-term investment ideas. Last year, Nanfu battery sales reached nearly 100 million US dollars, which has very good benefits."
Yuan Tianfan said of course: "Because of this, Morgan Stanley will consider selling this asset. After all, as overseas brands enter the mainland, Nanfu may be affected to some extent; in addition, we will give you a satisfactory acquisition fee."
Of course, you, Morgan Stanley, will also have to acquire all the shares of Huaxia Battery (which accounts for 72% of Nanfu’s shares) for us.”
Only then did John say: "Okay, we will seriously consider this proposal, but you can raise a price first!"
Yuan Tianfan said calmly: "In that case, how about 78 million US dollars!"
John shook his head and said: "This price is very low. I hope you will be more prepared next time we meet."
Although the two parties did not reach any agreement during the first trial, there was great progress. Morgan Stanley was interested in brokering the deal, and New Era Group was also sincere in buying the shares.
.........
In early November, New Era Group acquired all the China Battery equity shares of Mohe, CDH, Singapore Investment and other companies into one company, holding a total of 72% of Nanfu Battery, involving US$98 million in funds.
Several investment companies were eliminated after nearly doubling their profits, and New Era Group became the sole shareholder of the "Huaxia Battery" registered in Xiangjiang.
After the acquisition was completed, Lin Zuhui took Yuan Tianfan and several senior executives to inspect the Nanfu Battery in NP City, the mainland.
"Mr. Lin, this is Chen Laimao, the chairman and general manager of Nanfu Battery... Chairman Chen, this is Mr. Lin Zuhui, I believe you will be familiar with it."
Chen Laimao was the director of Nanping Battery at that time. Later, when he saw the development of alkaline batteries around the world, he attracted investors from many parties to form Nanfu Battery, including Xiangjiang China Resources Baifu. Therefore, Nanfu Battery was a Sino-foreign joint venture from the beginning. Although
China Resources Baifu is just a shell changed by Chinese capital.
As a result, it was precisely because the shareholders of Nanfu Battery owned China Resources Baifu, Industrial Bank and other companies that Nanfu Battery later fell into the hands of foreign capital.
Chen Laimao said happily: "You are no stranger, Mr. Lin is a G-loving businessman. This time he took 72% of Nanfu shares from foreign investors, which can be said to welcome Nanfu back."
Lin Zuhui said with a smile: "Chairman Chen deserves the award, but this investment in Nanfu is purely a commercial act. But don't worry, Nanfu is the representative of China Battery and a well-known national brand. As the major shareholder, we naturally hope that Nanfu will not only
To occupy the market in China, we also hope that Nanfu Battery will develop overseas."
Everyone applauded. Mr. Lin Zuhui is indeed the pride of the Chinese people. He lightened up the atmosphere and everyone thought in their hearts.
Next, Lin Zuhui and others visited the R&D center and factory buildings of Nanfu Battery.
In 2001, Nanfu's R&D expenses exceeded 5% for the first time. The R&D strength included more than 450 technical management personnel including professors, doctors, graduate students, and senior engineers, accounting for more than 40% of the total number of employees. Nanfu Technology Center was upgraded from the provincial level.
At the national level, it has established a postdoctoral research station, and has established multiple new energy research centers in cooperation with many national key universities and research institutes of the Chinese Academy of Sciences. It has become the strongest corporate technology center in the Chinese battery industry and has developed more than 20 products.
New products, new equipment, new processes, seven scientific and technological achievements have filled the domestic gaps and reached the international advanced level. It has won multiple ministerial and provincial scientific and technological achievement awards, one of which won the second prize of the National Scientific and Technological Progress Award. It also reserves the development of lithium batteries,
New products such as fuel cells and zinc-air batteries have formed a relatively complete "factory, school, and research" scientific and technological innovation mechanism.
Therefore, the foundation is very thick.
The problem now is that New Era Group wants to find a way to control the management rights of Nanfu Batteries. Directly asking for management rights is a bit overbearing and may easily cause shock to Nanfu Batteries.
The best way is to list Nanfu Battery first and control the management of Nanfu Battery step by step through the listed company.
So after returning to the conference room, the management of New Era Group and Nanfu Battery communicated.
Yuan Tianfan said: "We acquired Nanfu Battery and are also preparing to list Nanfu Battery and raise funds through the listing to thoroughly develop Nanfu Battery."
Chen Laimao said: "Well, Nanfu has been preparing for the listing for many years. Now New Era Group has acquired all foreign shares, which finally allows us to see the dawn."
The two parties reached an agreement on this aspect, and then started to exchange ideas on the development of Nanfu batteries.
During this period, Lin Zuhui also put forward his own opinions: "Nanfu Battery has invested a lot in technology research and development, and its products must be top-notch domestically produced, but marketing cannot be ignored. So I suggest that Nanfu Battery make a loud slogan and find another one."
Use sports star endorsements and promote more to expand market share."
Chen Lai said happily: "Mr. Lin's proposal is very good. He is worthy of being a Chinese business leader."
Lin Zuhui waved his hands modestly and said: "In fact, everyone can think of this idea. I suggest that the slogan be called 'Nanfu Battery, China Power', and we can find female football player Sun Wen to endorse it."
Everyone agreed and felt good about the new major shareholder in their hearts. After all, everyone wanted Nanfu Battery to become bigger and stronger.
.......
When returning to Hong Kong, Lin Zuhui said to Yuan Tianfan: "The acquisition of Nanfu Battery is just a small layout of mine. In fact, I hope to enter the new energy industry. Have you heard of electric vehicles?"
Yuan Tianfan also hopes to invest in emerging industries, so he is naturally knowledgeable and said: "Well, Toyota has gasoline-electric hybrid cars, but pure electric cars should have been produced in the United States as early as the 1970s and 1980s, but there is no further information later.
.”
Lin Zuhui nodded and said: "Xiaomi Technology plans to enter the field of electric vehicles, so I want New Era Group to enter the lithium battery field and enter the battery field of electric vehicles in the future. So, after returning, you change Huaxia Battery to 'Nanfu Power'
', to form the technology department of New Era Group, and when the time is right, we will acquire Xiaomi Technology's lithium battery business and enter the field of new energy and solutions."
Yuan Tianfan said happily: "No problem!"
Lin Zuhui added: "New Era Group has a large amount of cash flow and is about to generate a large amount of profits every year. It is also time to enter more fields. San Miguel Beer is developing well, right?"
Yuan Tianfan said: "Well, after we took over, we vigorously promoted and marketed this brand, and now it occupies an important position in the share of mid-to-high-end beer in the mainland."
San Miguel Beer is not only developing well in the mainland, it also has almost a monopoly on beer in Hong Kong and also enjoys a good market share in other parts of Asia, especially Southeast Asia.
Lin Zuhui said with satisfaction: "Not bad! Next, we should consider the low-end beer field. The acquisition of Harbin Beer is our next goal."
Yuan Tianfan said: "Harbin Beer was listed in Hong Kong this year and its overall performance is good. If we want to acquire it, I'm afraid it will cost a lot of money."
Lin Zuhui smiled and said: "It doesn't matter. The beer market in the mainland is so big. Are you still worried about losing money on this investment?"
"That's true. I'll do some research and plans later and report back to you."
"OK!"
Lin Zuhui has already predicted that in the next few years, New Era Group's annual net profit will skyrocket year by year, and perhaps even in the six years from 2003 to 2008, the average net profit can reach hundreds of billions.
This is undoubtedly a very exaggerated performance, so you have to spend your money quickly.