Chapter 1231 Taking the Opportunity to Sell at a High Price

The discussion on the transfer of shares was not smooth. Even though Adams' sudden intervention made Nokia's top management wary and anxious, the negotiations were still a little difficult to start.

The reason why the negotiations were deadlocked at the beginning was that Yang Dongxu was too harsh. Not only did he raise the price very high at the beginning, but he also held on to it and had no intention of letting go.

He had to exchange the shares of Nokia's parent company in equal amounts, and the person who took over Nokia's mobile phone business shares had to make up the difference of 3.36 billion euros for him.

Yang Dongxu owned a total of 26.3% of Nokia's mobile phone business shares and held the power of the general agent in Asia. At the beginning, Nokia mobile phones were optimistic about the Asian market, but not the Chinese market.

Because the Chinese market at that time gave the West the impression of a poor and backward country, and mobile phones were obviously not affordable for ordinary people.

So Yang Dongxu happily stood up and took over the mobile phone agency rights of this market that no one was optimistic about, and signed a military order for this. If the annual sales of the mobile phone business cannot meet the minimum requirements of Nokia's head office, then the difference will need to be made up by Yang Dongxu himself.

Everyone thought Yang Dongxu was crazy when he signed this agreement. He actually used his own money to fill it in order to raise the face of his country. But now it seems that this decision undoubtedly makes many people who are laughing at the joke feel embarrassed.

In the first two years of signing this agreement, Yang Dongxu was indeed losing money. He had to spend tens of millions of dollars every year to fill the hole of substandard mobile phone sales.

But since the domestic economy began to work hard and people made money to consume mobile phones, Yang Dongxu turned from loss to profit instantly, and the annual profit has been increasing at a rate of 50%+.

Last year, Nokia's mobile phone sales and exports in China reached an astonishing 10.7 billion euros, of which 20 million units were sold in China, with net sales of 6.3 billion euros, and Yang Dongxu made a net profit of 1.876 billion euros.

Nokia's parent company's telecommunications business is awesome, and it is currently an absolute international giant. But this bull is far from reaching the peak period of Nokia's rapid transformation to build a telecommunications business kingdom after the collapse of the mobile phone business in the future.

Therefore, Nokia's mobile phone business collapsed a few years later. Although it successfully transformed into a telecommunications giant, the decline of the mobile phone business was not just a loss of an arm. But now the profit of the mobile phone business accounts for half of all Nokia's profits or even more.

So Yang Dongxu did not make money by exchanging the shares of the parent company for the shares of the mobile phone business, but lost money. In addition, Nokia's senior management also bit the coveted domestic mobile phone agency rights and refused to let go. So Yang Dongxu insisted on the 3.36 billion sky-high compensation agreement.

Equivalent exchange of parent company's shares, and this time Yang Dongxu not only wanted the dividend rights, but also held all the rights of the shares in his hands.

So if the equivalent exchange is made, plus his previous 5.36% stake in Nokia's parent company, his share of Nokia's parent company's shares will reach an astonishing 31.36%, making him an absolute major shareholder.

In addition to the signing of the agreement, he can no longer receive dividends from Nokia's mobile phone business, which is currently in full swing. And lose all rights to the mobile phone business company.

Even if he wants to reorganize the Nokia board of directors, these shares are enough. You must know that the second largest shareholder of Nokia's parent company now only holds 12.32% of the company's shares.

So this is not just a matter of making up the difference. Once the share exchange is completed. Yang Dongxu will become the person in charge of Nokia, although he has not expressed his intention to become the chairman.

Moreover, the terms of the exchange clearly stated that after the share exchange is completed, Nokia will not intervene in the mobile phone business, but will focus on developing Nokia's emerging telecommunications business, creating another heavy fist for Nokia.

But no one can underestimate the 31.36% stake, not to mention the sky-high compensation agreement of 3.36 billion euros.

So the negotiations were deadlocked at the beginning, but Yang Dongxu was obviously not in a hurry. Even if Adams did not intervene, he would still not be in a hurry.

Because Nokia's sales in China will continue to increase by 50+% in recent years, which means that he has made 1.876 billion euros through Nokia mobile phones in recent years, and this year the profit difference can even reach an astonishing 2.8 billion euros.

This is just the profit from mobile phone sales. If you add that about three-quarters of Nokia's mobile phones sold worldwide are manufactured by him, then the money he earns from Nokia alone in a year will double.

You should know that last year, Nokia's global cumulative sales exceeded 200 million, and it would not be a problem to add another 100 million on this basis this year.

So Yang Dongxu is not in a hurry at all. Anyway, he is making money every day without any loss as the negotiations drag on. Although he can play with Nokia's global telecom business for one day if the delay is one day, he is not in a hurry.

After all, Nokia's foundation is too strong. When Apple came out of nowhere in the last life, Nokia's mobile phone kingdom collapsed instantly. Nokia adjusted quickly and decisively gave up the mobile phone business and switched to the telecom business.

With the patents and excellent telecom business in hand, the annual profit after the successful transformation will definitely not be comparable to the current one. At the peak of Nokia's mobile phone business, the annual profit exceeded 80 billion US dollars. After the transformation, it was unable to adapt for a while, and the annual profit continued to decline, and finally came to about 26 billion US dollars after the underestimation period.

But this 26 billion is also a way to make money. At the same time, this is because they did not make a layout as soon as possible before, and other telecom companies took the lead. Although they successfully transformed, they lost the opportunity to make profits.

At present, 2G is the mainstream in the global communication market. 3G has begun to show signs, and 4G is still just a concept. After 2008, Nokia's mobile phone business declined rapidly, just in time for the peak of 3G business, but Nokia got on the bus halfway.

Finally, it finally climbed onto the 4G special car, but it was not the boss. Then, a few years later, 5G technology was faster than the transition time from 3G to 4G, and it did not give him time to deal with it, so he could only rely on his old capital. But they are also the world's top 500 companies, and their annual profit is still 260 billion US dollars, which beats more than 90% of the companies in the world.

So Yang Dongxu is not in a hurry now, even if he is late in the telecommunications layout, he is still making money anyway. And there is also a Huaxia Telecom in China that is quietly developing.

The only reason he had to exchange the shares of Nokia's parent company was actually because he was attracted by Nokia's strong telecommunications industry technology and patent reserves.

If he could get all of them, he wouldn't have to worry about Apple or other telecom companies' technologies. He could directly launch 3G technology. Even if he couldn't catch up, he could still catch the first train of 4G technology, and greatly reduce the research and development of 5G technology.

However, he didn't play this trick too secretly, because he showed a strong interest in Nokia's telecommunications technology when he first contacted Nokia many years ago.

He has used his status as a shareholder to buy these technologies from Nokia over the years. So now Nokia's shareholders are not in a hurry even if they see Adams getting involved, and they have discovered this.

Except Nokia, no company can provide Yang Dongxu with such cutting-edge telecommunications technology and patents. Whether it is the United States or other European countries, or even Japan and South Korea, which have powerful telecommunications technology in Asia. At this point, the attitude towards China is to take blockade measures.

So as long as Yang Dongxu doesn't get Nokia's telecommunications technology and the right to use those patents, they are not afraid that he will run away. Therefore, this is a game of patience to see who can't help it first.

Therefore, after the negotiations reached a deadlock, Yang Dongxu continued to take his family on his European tour and did not spend time in Finland.

"In fact, in my opinion, even if they are willing to make up the difference, this share conversion agreement is still a loss for us. They just saw that you wanted Nokia's telecommunications technology, so they were fearless." After coaxing the little guy to sleep on the plane, Zhou Ya picked up the share exchange contract drafted by the company team according to Yang Dongxu's intention and said.

"Now it seems that we are of course at a disadvantage, not only at a disadvantage, but also at a big disadvantage. Currently, Nokia's net sales this year are 41.1 billion euros. Almost half of it comes from the mobile phone business.

This proportion is still increasing. It is estimated that in two years, the net sales of the mobile phone business will account for two-thirds or even more of Nokia's net sales.

And of this net sales, 6.3 billion euros this year came from China, which has accounted for one-seventh of Nokia's mobile phone business net sales.

This share conversion plan is not only about the shares of the mobile phone business, but we also have to give up the agency rights of Nokia mobile phones in China. This in and out is definitely more than 3.36 billion euros." Yang Dongxu said with a smile.

"Then you." Zhou Ya looked at her husband puzzled.

"There is no way. Even though I have been poaching talents from the domestic telecommunications technology over the years, the Soviet Union's technology is outdated after all. Standing on their shoulders, the starting point is not low.

But compared with telecommunications giants such as Motorola, Ericsson and Nokia that have never stopped researching and developing, our technology is still at an absolute disadvantage. It will take more time to catch up, and what I lack most now is time.

So the 3.36 billion is actually the reason I filled it in. Its real purpose is to make Nokia feel that I am still reluctant to give up the mobile phone business.

But in order to develop China's telecommunications business, I have to make this deal. So it doesn't matter whether this money is taken in the end, but they must come up with some top telecommunications technology to offset this part. Otherwise, it will be too cheap for them, because Nokia's mobile phone business will be really profitable in the next few years, or super profitable."

"What about a few years later?" Zhou Ya caught the key point in her husband's words.

"Nokia's mobile phone business will die ugly in a few years." Yang Dongxu smiled mysteriously.

"How is it possible?" Zhou Ya exclaimed, he felt that her husband was joking.

Although he has lived in the countryside for a long time, it does not mean that she knows nothing about what is happening outside. Nokia has been developing rapidly in recent years, but its foundation is very solid. It can crush Motorola and Ericsson in the United States, and it is well-deserved to be the No. 1 mobile phone in the world.

If the foundation is not stable, Nokia would have been finished long ago, given the United States' love of espionage and extortion of other companies.

Therefore, Zhou Ya did not see any possibility of the collapse of this company that has grown rapidly and developed step by step.

"It is because everyone thinks it will not, so it can be sold at a good price." Yang Dongxu couldn't help but smile with a bit of pride. This feeling of being sober while everyone else is drunk can greatly satisfy the vanity of pretending to be cool.