Set sail1992

Chapter 1479 An Opportunity Falling from the Sky

Lao Wang believed that Zhang Qihang must have such concerns in his heart. Before visiting Zhang Qihang, he had also imagined various possible responses of Zhang Qihang. But at this moment, when he really faced Zhang Qihang, he suddenly found that the pressure in his heart was still greater than he had imagined.

Little did he know that Zhang Qihang was already beaming with joy at this moment.

Others may not know, but would Zhang Qihang not know that BOE is now in the darkness before dawn?

It is true that BOE has been losing money continuously since 98, and will even continue to lose money in the next two years. But since this battle, BOE has become China's Great Wall in the field of LCD panels. Many people want to hold a share but have no chance. But now, such an opportunity has been brought to them...

There is a saying that goes, "If you don't take what heaven gives you, you will suffer the consequences." Faced with this opportunity that came right to his doorstep, Zhang Qihang decided not to be polite.

Zhang Qihang suppressed his anger and frowned, pretending to be embarrassed: "Lao Wang, as far as I know, an LCD panel production line is not cheap, right?"

"Yes."

Lao Wang pursed his lips and nodded. He couldn't deny this.

Zhang Qihang continued, "I understand your thinking. You intend to take advantage of the economic crisis to lower the price, but I think you will not just buy in any cheap products. The TFT-LCD panel production line that you are interested in and are planning to acquire must have advanced technology.

A production line like this, no matter how much you lower the price, it can't be too cheap, and from what you said, you should be planning to acquire more than one or two production lines, right?"

"Yes."

Lao Wang had to nod again.

"In this case, the funds you need should not be a small amount." When he said this, Zhang Qihang's brows were already twisted into a deep "川" shape: "Have you ever thought about how much money you will need?"

"This one……"

After hesitating for a while, Lao Wang gritted his teeth and said the amount that made him feel stressed: "When we discussed it internally, we thought we needed to prepare about 20 to 25 billion yuan."

20 to 25 billion is not too little...

wrong!

Zhang Qihang's eyes suddenly widened: "Are you talking about US dollars?!"

The LCD panel factory that BOE intends to acquire is likely to be located overseas. This is an international merger and acquisition! Since it is an international merger and acquisition, the unit mentioned by Lao Wang should be US dollars.

"Cough cough..."

Lao Wang coughed twice, which was considered as his agreement.

After taking a deep look at Lao Wang, Zhang Qihang said, "Lao Wang, if I remember correctly, your annual sales last year were only over 80 billion yuan, and you also raised over 20 billion yuan last year, right? Well, over 20 billion yuan."

What you mean is that your sales last year were only over 80 billion yuan, and now you are preparing to spend another 25 to 35 billion US dollars on acquisitions. This is not expanding against the trend, you are preparing to swallow an elephant with a snake.

"Cough cough cough..."

Lao Wang coughed even more violently, and his old face turned red: "Mr. Zhang, I won't hide it from you, we are planning a private placement this year, and the goal is to raise 120 to 150 billion RMB... Well, the purpose of this money is to be used for subsequent acquisitions and expansions." What Zhang Qihang didn't know was that in the original time and space, in order to achieve counter-cyclical expansion, BOE made a private placement of 120 billion this year (actually received 117.83 billion), and even so, the money was still not enough, and eventually it had to make another private placement of 90 billion in the second year, which is next year (actually received 89.4 billion).

The total amount of these two sums is nearly 210 billion yuan, plus some funds from other sources, which just helped BOE to perfectly complete this counter-cyclical expansion and also laid the foundation for BOE's future status in the industry.

In fact, Lao Wang’s communication with Zhang Qihang now is part of the preliminary work for the targeted share issuance.

The target of this round of private placement is 120 billion yuan. Do you want to get 120 billion yuan from the stock market?

Why?

Just because you have a big face?

Therefore, early communication is very important!

In the original time and space, in order to raise the 120 billion yuan, Lao Wang was so worried that he almost pulled out all his hair, and he had to beg everyone for help before he was able to raise the 120 billion yuan. But the situation is different now. In the entire Chinese business community, who doesn’t know that Huateng Industrial Group, which has never been willing to go public, has a terrifying cash reserve?

Everyone is envious and jealous of this.

For Lao Wang, Huateng Group is definitely not short of money. As long as he can deal with Huateng Group and Zhang Qihang, the problem will be solved - Huateng Group is an industrial enterprise after all, and it is also a partner. The most important thing is that they have a good background. Dealing with Huateng Group is much easier than dealing with those investment institutions and financial institutions.

"Da da da……"

Zhang Qihang tapped the table lightly with his fingers. After a while, he spoke softly, "Mr. Wang, you must know more about the LCD panel industry than I do, and you must make more reasonable decisions than me. I won't say anything. I want to ask you one thing: how much money do you plan to borrow from Huateng Group?

Well……

In other words, do you plan to borrow money or do a private placement?"

Lao Wang felt relieved: Mr. Zhang has agreed in principle? He quickly said, "The result of our internal discussion before is that both borrowing and private placement are acceptable, and private placement will be given priority."

After a pause, Lao Wang added: "Mr. Zhang, you may have noticed that in recent years, the development momentum of TFT-LCD liquid crystal panels has been very strong, but the plasma display technology that was previously able to split the screen with LCD panels has begun to decline.

Most importantly, plasma display technology is inherently characterized by high power consumption and low resolution, which limits its use in scenarios such as desktop displays and notebooks that have high requirements for resolution and power consumption.

Compared with plasma display technology, LCD display technology has a wider range of application scenarios, so our entire group is very optimistic about the prospects of this counter-cyclical expansion.

As long as this round of expansion is successful, we will not only be able to further suppress our competitors, but also further reduce the price of LCD panels. The decline in panel prices will further reduce the prices of TVs, computers, and mobile phones, thus forming a good positive cycle and bringing rich returns to investors. "

Zhang Qihang smiled and nodded: "Boss Wang, I won't hide it from you. I can hear you say this because I am optimistic about the future of LCD display technology."

"Thank you!"

Old Wang didn't expect Zhang Qihang to be so easy to talk to, and he immediately felt relieved.

“Don’t thank me yet,” Zhang Qihang smiled and waved his hand: “Although I have no problem with it in principle and I am optimistic about your move, such a large investment project must be handed over to the evaluation team for evaluation.

So please, Mr. Wang, cooperate with our group's evaluation team. After the evaluation is completed, we will have the next round of detailed discussions. What do you think?"