Chapter 796 March

The Jinshan Electronics Industry Forum will last for only two days. In addition to the opening ceremony and summit forum, the next day will hold e-government and software industry, Jinshan Electronics Industrial Park, and Internet media in the Grand Complex Hall of the International Convention and Exhibition Center and the Grand Hotel of the Convention and Exhibition Center. At the same time, Jiangnan Provincial Government and Jinshan Municipal Government will also hold project signing ceremony, bank-enterprise docking, scientific research institutions and enterprise docking and other economic and trade activities in the International Convention and Exhibition Center.

Steel structure roofs criss-cross above the exhibition venues, with a rough architectural style. However, from the end of the 1990s to the beginning of the 21st century, almost all domestic exhibition centers have such an architectural style. If you look at it too much, you will feel bored and suddenly save it. This style of imitating western exhibition buildings has no vitality of its own. Novel chapters are updated the fastest

On the second day, apart from browsing the status of various thematic forums and meetings, there was nothing in the building of the convention and exhibition center that made Zhang Ke linger.

In the economic and trade activities on the second day, Chen Xinsheng, on behalf of Aida Group, signed a letter of intent for the Jinshan Research Center with an investment of 200 million yuan with the Jinshan Municipal Government. The total amount of intended investment for the second phase of the project reached 3 billion. Compared with them, Kumho's performance this time did not have much glory. "Fiction" novel chapters are updated the fastest

Ge Yinjun met Zhang Ke who was still attending the forum activities today and pretending to be an audience in the audience, and couldn't help but taunt him: "I heard your impassioned words yesterday, and I thought Kumho could do so much this time...only two Just a billion."

Zhang Ke smiled and didn't want to pay attention to him. But seeing his arrogant appearance, I couldn't help but want to stimulate him with a few words: "What is signed is only a letter of intent. How much of the so-called intention funds will actually be implemented. No one can say. It is just written to make the government report look good. Some, why should I make the report of the Jinshan city government look good? 200 million. It’s just a number that I came up with out of boredom last night. I can tell you with certainty that the Hong Kong Stock Exchange today Jiaxin electronically bought The funds are more than 200 million!"

I heard Zhang Ke mention Jiaxin Electronics again. Ge Yinjun looked at him uncertainly, turned around and left without saying anything more.

Seeing Ge Yinjun leaving boringly, Ye Jianbin sneered and said, "Jianye has invested 10 billion yuan in investment funds for the Zhongjing Microchip project alone. What is there for this kid to be proud of?"

"He really can't find a chance to taunt us!" Zhai Danqing said with a smile.

"No, no," Zhang Ke said, shaking his head. "They regard Jinshan as their own territory, so they have such a posture."

Hearing what Zhang Ke said, Ye Jianbin laughed and said, "The acquisition of Chenxi Paper is really going to be done. I don't know how ugly their faces will be."

Zhang Ke's words,

Ge Yinjun didn't take it too seriously at the beginning, until about four o'clock in the afternoon, Jiaxin Electronics' headquarters in Hong Kong called to tell them that the trading volume of Jiaxin Electronics' stock in the open market today has increased significantly compared with the past. Only then did they feel that the situation was much more serious than they imagined.

Affected by the Asian financial turmoil, the Hong Kong securities market has also fallen into a severe winter of silence. Transactions are inactive and trading volume continues to be low. The daily trading volume of Jiaxin Electronics stock has continued to increase in recent days-Kumho's intentions are becoming more and more obvious.

Zhou Jinyu had to rush to the airport to see some important guests off. Ge Mingxin, Ge Yinjun, Xie Hanjing, Xie Hanming, Xie Jiannan and others were a little panicked. After the electronics industry exhibition forum closed, they urgently gathered in the luxury suite of the Jinshan Hotel to discuss.

Although it can be estimated that Kumho's existing capital stock is not enough to pose a threat to Charles Schwab Electronics, but with Kumho's size and status today, even if it raises 18 billion funds from the sluggish international financial market, no one can be sure. Said it was impossible.

If Kumho really takes control of Jiaxin Electronics from the open market, Xie Hanjing can't even imagine the consequences of this happening. Jinshan Electronics Industrial Park will naturally become Kumho's possession. All their efforts, But made a wedding dress for Kumho, wouldn't that be a big joke? Chint Group and Jiaxin Electronics are getting closer and closer. If Kumho takes control of Jiaxin Electronics, it will be impossible for them to avoid Kumho far away, and they will probably be riding on Kumho forever. . Jiaxin Real Estate and Jiaxin Electronics are the two pillars of Jiaxin Group. Ge Mingxin will never tolerate others' involvement in Jiaxin Electronics.

"What a mad dog!" Ge Mingxin growled with his voice suppressed. He couldn't understand how much substantive sniping Jiaxin Electronics would be to Kumho, but they were indeed doing it.

"After all, Hong Kong's stock market is not as strict as the mainland's, and the supervision is much stricter. They can't act arbitrarily, right?" Xie Hanming said hesitantly. He is not very familiar with the situation of the securities market, and intuitively believes that Kumho cannot act recklessly in the Hong Kong stock market. .

"Strictness is one thing, but Hong Kong's financial market is a highly liberalized market. In addition, international financial hot money has frequently appeared in the Hong Kong stock market in the near future. They can completely cover up their acquisition intentions...they can disperse their inhalation, and then choose the right one. When the timing merges with a tender offer, the means we can use to fight back are relatively simple.” Ge Mingxin said.

In the current situation, even though Kumho's intentions cannot be deduced exactly, they still have to seriously fight a defensive battle, which really makes Ge Mingxin quite depressed. What worries him the most is the financial report for 1997, which will be released in a few days. The sharp decline in profit data will prompt a large number of investors to give up their stocks, so that Kumho can acquire the shares of Jiaxin Electronics at a lower cost.

Keeping the stock price at a relatively high level is the best way to snipe at the opponent, which can force the opponent to give up the merger and acquisition because of the high cost. In addition to the use of funds by Charles Schwab Group to enter the market to publicly increase its holdings, effective measures have been taken to increase future profit expectations and enhance investment confidence.

Xie Jiannan thought to himself that this is the right time to propose a closer relationship between Kewang and Jiaxin Electronics.

Jiaxin Electronics' shareholding in Kewang is only slightly less than that of Chint Group, close to 50%. The brand advantage of Huake Wangdi is also in the interests of Jiaxin Electronics, which is good news for Jiaxin Electronics. In addition, Kewang Overseas Company Ge Yinjun personally held 80% of the shares. It is more in line with the personal interests of Ge Mingxin and Ge Yinjun to give full play to the brand advantage of Kewangdi.

Zhang Ke did not leave Jinshan that night. Still working together with Zhao Youlun at the Tiannan Hotel. After the banquet, Zhang Yan told Zhao Youlun of Kumho's intention to acquire Chenxi Paper.

It is impossible for Liang Weifa to give an answer so quickly. Even if Liang Weifa did not give an answer, it cannot be said that Kumho’s plan to acquire Chenxi Paper has made him unmoved, but the political risks behind the plan and the huge controversy it may cause make him hesitant and uncertain about paying attention.

Zhao Youlun is a key person who can promote the acquisition plan. Although Chenxi Paper is a provincial enterprise, it is located in Jinshan City after all. It has caused a large area of ​​pollution to the Yinma River flowing through the western suburbs of Jinshan City, and has caused serious damage to both sides of the Yinma River. It has caused a lot of inconvenience to local residents, and it can even be said to damage the health of residents on both sides of the strait. Zhao Youlun can exert pressure from the perspective of environmental law enforcement.

Hearing Kumho's plan to acquire Chenxi Paper, Zhao Youlun was quite surprised. In 1998, private capital attempted to acquire a large state-owned group. There was no precedent in China. Although the central government encouraged local governments to innovate and move forward boldly in economic system reform, Who can be sure that this step is not a minefield or an abyss? Wang Youlun immediately thought of the benefits to him after the implementation of the acquisition plan: The key to the competition between him and Zhou Jinyu lies in who can make achievements faster, form a larger and more solid foundation among Jinshan's party and government cadres .

Although Kumho's resistance to the acquisition of Chenxi Paper can be expected, once the acquisition is successful, it will suddenly turn in their favor.

As for how to put pressure on Chenxi Paper, it is too simple.

Residents on both sides of the Yinma River, which has been polluted in a large area, hate Chenxi Paper to the bone. Not only are a large number of fields and groundwater on both sides of the Yinma River polluted. Due to pollution, the disease incidence rate of residents on both sides of the strait is much higher than that in other regions. The local residents have already caused panic, and most farmers have brought the grain grown on both sides of the strait to the market for sale. I then buy additional food from the market, and if possible, drag and even move away from the cross-strait areas downstream of the Chenxi Paper Factory. In the past, the provincial and municipal governments only saw the economic benefits created by Chenxi Paper, and turned a blind eye to the damage caused by pollution to the residents on both sides of the Yinma River. Whether it's petitioning or sitting in a group - all are strictly suppressed.

As long as Jinshan City obeys public opinion once in a while, it can provide excellent assistance for Kumho to acquire Chenxi Paper.

In early March, the International Economic Cooperation Organization reported that despite the financial crisis in the Asian region, the total amount of financing in the international capital market in 1997 exceeded US$1.7 trillion, setting a record high; An increase of 3.8%, the largest increase in the past 9 years. All the signs seem to be insufficient to show that the global economy is worried about being dragged down by the Asian financial crisis. The financial markets in Asian countries and regions have begun to recover after experiencing a sharp decline for more than half a year. Hong Kong's Hang Seng Index also fell from the lowest It rebounded from a low of less than 9,000 points, and the concerns about the performance decline of listed companies were also covered up in the false recovery prosperity, and the trading volume continued to pick up.

Under such circumstances, the Jiaxin Group has no way of judging how strong Kumho’s attack on Jiaxin Electronics is. They can only increase their holdings in Jiaxin Electronics according to the established defense strategy, and increase their holdings in Jiaxin Electronics to a relatively large proportion. In terms of safe value, it consumed a lot of cash from Charles Schwab Group.

In the next half a month or so, the Ninth Session of the National People's Congress held in Beijing became the focus of the attention of the whole country and even the whole world. The new government's prime minister, vice-premier, state councilor, and ministers were all elected at this meeting. Zhao Jidong served as the new prime minister and presided over the work of the central government.

In response to the current situation of the Asian financial crisis, the two sessions put forward the economic goal of "ensure that the economic expansion rate of this year will reach 8%, the inflation rate will be less than 3%, and the RMB will not depreciate". The supporting measures for this economic goal include: Strengthen the infrastructure construction of railways, highways, farmland water conservancy, municipal administration, environmental protection, etc., strengthen the construction of high-tech industries, and strengthen the technological transformation of existing enterprises and other macro-adjustment measures to stimulate continued strong economic growth.

The reforms of the housing system and the medical system proposed at this meeting are closely related to and deeply felt by ordinary people.

The reform of the housing system has been brewing for three years. The current welfare housing allocation policy has been changed into a monetized and commercialized housing policy, which has promoted housing construction to become a new economic growth point. Although it was not clearly stated at the two sessions that the real estate industry should be regarded as a pillar industry of the national economy, the proposal of the reform of the housing system alone is enough to make real estate developers across the country rejoice.

After Shao Zhigang and Zhang Zhifei learned about the relevant news, they even planned to throw a big banquet, hoping to encourage Jianye City to follow the central government to formulate detailed policies on canceling welfare housing allocation, so as to fully push the housing needs of a large number of urban workers to the market, and Yan returned to the east bank of the lake. Nearly half of commercial residential projects in commercial districts will directly benefit from this policy.

Zhang Ke has expected this for a long time, and he has no good or bad views on it. However, when the real estate in various regions can directly benefit from the reform of the housing system depends on when the local government actively adopts matching measures. Policy measures to promote the reform of the housing system for local urban workers.

The biggest impact on Kumho is that the Ninth National People's Congress proposed to strengthen the construction of high-tech industries. In addition, the Ninth National People's Congress also passed the reform of the central government organization, which will reduce the number of ministries and commissions to a total of eleven. In the electronics industry The Ministry of Information Industry was established on the basis of the Ministry of Posts and Telecommunications and the Telecommunications Department of the Ministry of Posts and Telecommunications. Geng Chongyang was appointed as the Minister of the newly formed Ministry of Information Industry without any surprise.

Although the information about the establishment of the information industry group was not publicly disclosed this time, Geng Chongyang hinted at the relevant information in his remarks about the separation of government and enterprises in the telecommunications sector at the new minister's press conference. The establishment of Huaxia Electronics and Information Industry Group is inevitable.

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