Chapter 1035 Trouble

The liquid crystal display technology jointly developed by Fengyu Electronics and Philips is already at the top of the world, but Fengyu Electronics has never produced it by itself, but let Philips' factory help to produce a batch.

Feng Yu did have plans to build his own factory for production. When he was arranging for someone to find a factory suitable for acquisition in China, someone from above took the initiative to contact Feng Yu.

Changhong Group, a listed company in Sichuan and Sichuan, is the leading TV leader in China. It once occupied 60% of China's TV market share. The 21-inch large color TV produced that year was even exported to more than a dozen countries.

But now they are in trouble, that is, they are too superstitious about 21-inch color TVs. Because sales were good at that time, they continued to expand production capacity and purchased production lines, all of which were 21-inch color TV production lines.

Now, the family's demand for color TV has gradually changed from 21 inches to 29 inches, 34 inches and so on. Their 21-inch color TV is out of stock!

This problem also caused Changhong's stock price to fall, and it never recovered. Those small factories that produced 19-inch and 17-inch color TVs at the beginning have successfully transformed at this time, and the production of computer monitors, especially 17-inch computer monitors, is now the mainstream.

Changhong's products are currently unsalable and its transformation is difficult. It urgently needs a new way out.

The leaders above also attach great importance to this kind of leading company, not to mention that Changhong is still a constituent stock of the mainland stock market. I don't know who suggested to the leaders above that it is better to let Changhong form a joint venture with Fengyu Electronics or Fengyu Electric, and everyone can exchange shares or even merge, so as to complement each other's advantages.

When Jiang Wanmeng told Feng Yu about this, Feng Yu's forehead wrinkled into the word Chuan.

If it was the first two years, Feng Yu would be very happy that Changhong would form a joint venture with Fengyu Electric. At that time, Changhong’s workers, technology, and production lines were all first-class, and its assets were in good condition. It was a key state-supported enterprise. After the cooperation, there will be Great advantage.

But now, the Changhong family has gone downhill, and even a company that is about to lose money this year is still thinking about joint ventures with Fengyu Electric, and even Fengyu Electronics, Feng Yu is not very willing. If it is a share exchange cooperation, it can still be considered.

Transforming this company into the production of LCD TVs and LCD screens seems to be pretty good, but Zong Qing first went to talk about it in person, and told Feng Yu a bad news, the other party's appetite was too big!

The boss of Changhong did not say anything, as long as they cooperate with Fengyu Electric and get the help of Fengfeng Electric's technology and sales channels, they are confident to turn losses into profits. It would be even better if there is still a sum of money. They can use it to transform the production line. Whether it is producing larger 29-inch or even 34-inch TVs, or producing 17-inch computer monitors, he believes that they can make money.

He only asked for an equal exchange of shares,

Both parties cooperate on an equal footing. But the leaders above didn't think so. Feng Yu suddenly became the richest man in Asia, and his rise was so fast that the world couldn't help but stare at him.

Taihua Holding Group, they all think that it should be nationalized, how can there be such capitalists in a socialist country! Although the great man's national policy is to allow some people to get rich first, they can't be so rich. They can catch up with some small countries!

In addition, Feng Yu actually has more assets in a Fengyu Holding Group, which is registered overseas. Isn't that all the money earned by foreign countries? If Feng Yu emigrates in the future, it will be a serious asset outflow!

Even if you can't control the Taihua Holding Group, it's okay to participate in the shares, right? We can give some guidance to this company, and we can also send some management talents.

However, they are afraid that they will cause Feng Yu's resistance if they invest in Taihua Holding Group all at once. If it affects public opinion, then no one can bear the responsibility.

Some people thought that some experiments could be carried out. Let's not do anything about Taihua Holding Group, but for those subsidiaries, we can try to buy shares first.

If it is feasible, then they can slowly nibble away at Taihua Holding Group little by little, and it is even possible to control Taihua Holding Group in the future. It would be even better if it went smoothly and Fengfeng Holding Group could also be controlled!

So the leader above said that Fengyu Electronics is too small, and Fengyu Electronics should be merged together. Well, all of them should be merged into Changhong. Changhong holds 60% of the shares of the new company. Fengyu Electronics and Fengyu Electric United holds a 40 percent stake in the new company.

Zong Qingxian and Jiang Wanmeng refused at that time. What a joke, even if it is a merger, it should be based on us. Don't look at our assets seem to be not high, but that's because we are not listed.

Besides, are we short of money? The parent company can inject capital into us and increase our market value. Cooperation is okay, we want to be the master!

...

"Lao Zong, Lao Jiang, Lao Guan, how about it, does the other party still ask us to reply as soon as possible?"

Zong Qingxian shook his head: "More than that, the other party also hinted that if we don't agree to their conditions, then Fengyu Electronics and Fengyu Electric will be in trouble."

In fact, if Aihua Electronics and Aihua Electric had not owned shares in the island company Aiwa, they would have wanted to merge together.

As for Fengyu Electronics and Fengyu Electric having the shares of Xiangjiang merchants, they don't care at all now. Xiangjiang has already returned, and it is all Chinese territory. Why, what specialization do you want to do?

If Fengyu Electric was only merged, according to the market value, Changhong should indeed be the major shareholder. This condition is normal, although Feng Yu will not agree.

But now the other party wants to merge Fengyu Electric and Fengyu Electronics, and even threatens, Feng Yu is not happy. What's the matter, you think I'm a soft persimmon, easy to pinch?

Fengyu Electronics is not only a matter of the Fengyu brand, but also a variety of world-class patented technologies including vcd, dvd, optical drive, mobile phone, LCD, communication, smart home, etc. If these patents alone are sold, they will be worth at least five One hundred million U.S. dollars!

The market value of Changhong is not so much at this time. How did those officials calculate that they can account for 60% of the shares?

What kind of shit is sending management talents, just sending some officials over here? If it doesn't work out, Changhong started to go downhill because of those officials and lords blindly directing and blindly expanding production.

"Which department is the leader who made these requests?"

"A leader of the industry is not from the Changhong Group. We have never dealt with it before. We are supposed to belong to the key enterprises in the province, but we went to the leaders of the province, but they all avoided him. Hello!" Jiang Wan said angrily.

Yes, they made money, but how much did they contribute to the province? If they had invested elsewhere, or even invested abroad, the money would not have been earned by the country, let alone the province!

Then it can become foreign capital, come back to invest, and make more money. After all, people thought at that time that the moon in foreign countries was rounder.

Is it because the country sees that he earns too much and plans to move him? It shouldn't be, it's obviously supporting him now, which is more in line with the interests of the country.

It seems that we have to inquire about this matter with the higher-ups.

... (To be continued.)