Chapter 1928: The Crisis of Dezhong

Ma Ke thought about whether Feng Yu and the others were deliberately defrauding him. Feng Yu had no plan to invest in Dezhong Group at all.

But he didn't dare to bet, Feng Yu's attitude was too strong, and he didn't give him a chance to talk slowly. Who made it so unlucky to use the same car now, and is seriously short of money?

Although ten billion dollars is not much, it may not be able to pull the same car out of the quagmire of bankruptcy, but it is very important to Marko.

If the negotiation is successful, then he will have credit, and he will be able to continue to secure the position of chairman and CEO, and continue to receive a high salary. Generally, executives of large listed companies have annual salary + stock rewards. But he doesn't want stock awards now, he just raised his annual salary.

Why, it's not because the same car is about to be withdrawn from the market. If the stock price has been depressed for a long time, if it continues to remain in the market and suddenly plummets, bankruptcy is inevitable.

Marko reported the matter to shareholders, including the US government naturally.

Everyone over there is reprimanding Ma Ke, thinking that he is not good at handling things, but they dare not let Ma Ke directly refuse. In particular, several major shareholders are eager to get some cash from Tongyong Automobile. The company needs money too much now.

It is normal to operate in debt. Many companies operate in debt. However, the number of debts exceeding the value of the company's assets is still such a large number. They are the only ones.

Although they know very well that it is impossible for the U.S. government to watch them go bankrupt, because the impact is too great, and it may make the U.S. economy deteriorate again.

But it will take time for the government to raise funds, and they must strive for this buffer period. And with money, they can also reduce their debts, make some quicker responses, and avoid more serious situations.

In the previous life, it wasn't until Feng Yu's rebirth that Tongyong Cars began to make a profit, and the annual profit was only a few hundred million U.S. dollars.

The annual production and sales are more than 9 million vehicles, but the profit is only a few hundred million U.S. dollars, which shows how big the impact of their debts is. The thing about debt is getting bigger and bigger.

Feng Yu really returned to his office at this time, paying attention to the affairs of the Dezhong Group.

The development of Dezhong Group has not been very good in recent years. In 2004, due to poor management and high production costs, Dezhong Group had to sell some shares so that they could continue to operate with money.

Of course, it was also because of this year that the European Union wanted to abolish the privilege clauses of the Saxony state government in the Dezhong Group. In fact, it was local protection and restricted the rights and interests of other shareholders.

In the previous life, Dezhong was at least doing well in China and made a lot of money. But in this life, in the Huaxia market, Bingcheng Motors is the boss, and joint venture car companies such as Dezhong can't make much money at all. Huaxia car companies are very different from the previous life. They have all developed alternative technologies and then sell their own brand cars. .

Last year, when global car sales fell sharply, the production and sales volume of the Chinese market exceeded 11 million vehicles. Except for Bingcheng Machinery, several other large car companies planned by the Chinese government performed well.

This can be seen from the acquisition of foreign brands by Chinese car companies.

This year is also the same. When European and American auto companies are racking their brains to reverse the market decline, Huaxia's side is "the scenery here is the best". This year, it is expected to break through 13 million production and sales volume.

Dezhong lost the advantage of the Huaxia market in his previous life, so his life will be even worse in this life.

Porsche saw that the opportunity was coming. Besides, the Dezhong Group itself was created by the founder of the Porsche Group. Their current helm is the third generation of the old man named Porsche, who can be regarded as cousins.

The Porsche Group has always wanted to "take back" the Dezhong Group, so when the Dezhong Group sold its shares and issued additional shares for financing, they crazily bought in and increased their shares to more than a quarter, and became the Dezhong Group largest shareholder.

Then the Porsche Group pushed the European Union to abolish Germany's protection clauses for the Dezhong Group, so that after becoming a major shareholder, they really have the opportunity to control the Dezhong Group.

Dezhong Group wants to develop, but what should we do if we have no money? Like many companies, they issue some options. It is the kind of bond that can be cashed in when it matures, or it can be converted into securities of the company's stock.

The Porsche Group has borrowed 10 billion euros for this purpose, and it is slowly eating in. They declared to the outside world that they just wanted to increase their holdings of Dezhong Group's shares and had absolutely no intention of acquiring them.

In this kind of lie, the German government was surprised that the Porsche Group held 42% of the shares of the Dezhong Group.

At the same time, there are also a large number of options, and together, nearly three-quarters of the equity are in their hands.

The Porsche Group did not have so much money at that time. The market value of Porsche cars was only a few billion euros. The assets of Dezhong were several times that.

So at that time, the Porsche Group not only received a loan, but also secretly received support from many hedge funds. But Porsche Motors also started to lose a lot of money at this time. They made high-end luxury cars, but they burned a lot of money. At this time, their debts also exceeded two billion euros. This is not counting the debt owed by Porsche Holding Group.

The stock of Dezhong Group went up and down, and many hedge funds lost money. The German government also began to think about how to fight back. Dezhong Group must not be acquired. What they need most now is money.

How to raise funds, there are still only a few old ways, one is that the shareholders take the money out, so the Porsche Group, the largest shareholder of the Dezhong Group, naturally does not agree.

Or the German government will spend money and try its best to buy back stocks. It is a pity that due to the economic crisis, the German government does not have so much spare money.

Then let the Dezhong Group issue additional shares or issue bonds, but they are afraid that in this way, the shares of the Porsche Group will soar again, and the Dezhong Group will really become a subsidiary of the Porsche Group.

So Dezhong Group really contacted Ralph, hoping that Feng Yu could invest in them. They promised high interest, hoping that Feng Yu could buy their bonds, but they refused to give them equity.

Of course, Dezhong Group has another idea, that is, after Feng Yu became their shareholder, the Chinese market is still not open to them, and even the Eastern European market will be open to them.

The acquisition of Porsche and Dezhong in China is a typical case of individuals swallowing up state assets, but it is legal. And this kind of competition between cousins, Feng Yu does not intend to get involved.

Dezhong is now asking for money to acquire Porsche Cars, the core asset of the Porsche Group, but the Porsche Group also owns the shares of the family at the helm of the Dezhong Group. The German government was kicked out.

Feng Yu put down the information from Dezhong, so forget it, or he might be tricked by these two brothers. Now it depends on whether Marko agrees, and I also hope that the nail placed in the same car can play a greater role!

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