Reborn since 1993

Chapter 828 The peach blossoms shine brightly

In the conference room, Zheng Mengxian's eyelids jumped when he saw Jin Zhongluo and Miao Xuguang, who represented Oriental Optoelectronics, sitting in the same camp.

Looking at Kim Jong-rok, Zheng Mengxian realized that Dongling Hi-Tech had begun to form an alliance of interests in Korea.

"President Jin, you are in a very good mood. You are actually interested in participating in this negotiation at this time!"

Zheng Mengxian said something to Jin Zhongluo in a sarcastic way. As a chaebol family in Korea, except for encountering a big leader like Jeon Kaka who was a military leader, the scholar was helpless when encountering a soldier and was beaten badly. But when facing other Koreans, they were superior to them.

Kim Jong-rok's identity makes him a powerful figure in South Korea, but a chaebol family like Jung Mong-hyun still doesn't give him any face.

Kim Jong-rok was accustomed to the style of the Korean chaebol families, and when Jung Mong-hyun was dissatisfied with him, he would just say something sarcastic at most.

The other members of the Korean chaebol families do things much more excessively, even unscrupulously. This can be seen from some news coming out of the Korean entertainment industry.

"The transaction between Oriental Optoelectronics and Hyundai will be conducted through Woori Bank. Woori Bank will of course provide necessary support for this transaction!" said Jin Zhongluo.

In the past few days, the Dongling Hi-Tech Korean subsidiary established by Hu Zixian has taken over a large number of Korean stores, shops, office buildings, business office buildings, industrial parks, warehousing and logistics parks from Woori Bank.

In response, Woori Bank also received nearly 70 to 80 million US dollars in foreign exchange. Together with the US dollars repaid by Dongling Hi-Tech, the arrival of nearly 200 million US dollars in foreign exchange made Woori Bank breathe a sigh of relief.

Now, among Korean banks, whoever can get more US dollar foreign exchange reserves can avoid bankruptcy and liquidation!
In this case, Woori Bank will naturally be more concerned about the cooperation with Dongling Hi-Tech and want to get more US dollars from Dongling Hi-Tech!

After Zheng Mengxian said something to Jin Zhongluo, he said no more. He knew that the important thing today was Oriental Optoelectronics.

"LCD panels are the most important industry in modern electronics and the future of modern electronics. Modern electronics cannot sell its future!"

Zheng Mengxian's attitude was very firm, but Miao Xuguang's words turned into another sentence. Modern LCD panel production lines are the future of modern electronics, so they have to pay more...

“No one knows what the future of the panel industry will be like. It may be LCD panels, but it may also be Panasonic’s plasma panels!
Oriental Optoelectronics' acquisition of Hyundai LCD panels is just a bet on one possibility. In fact, Oriental Optoelectronics' parent company, Dongling Hi-Tech, does not fully support this acquisition!

If Modern Electronics rejects the deal, then Oriental Optoelectronics can look for other partners!"

Zheng Mengxian has the style of a Korean chaebol, but Miao Xuguang did not indulge him. He is not a Korean, so why should he be afraid of a chaebol?

Not to mention, this time Oriental Optoelectronics was the one that paid the money. It was the Hyundai Group that needed the US dollars in Oriental Optoelectronics' hands, not Oriental Optoelectronics begging the other party.

Moreover, Hyundai is not the only Korean company that has built third-generation LCD panel production lines. Samsung, LG and Japan Benz also have these production lines.

Given the precarious situation facing companies across Southeast Asia, even if Hyundai Electronics does not sell, there are other companies willing to sell off their LCD panel production lines.

And would Chung Mong-hyun, who still wants to compete for the position of head of the modern Chung family, dare to go against Chung Ju-yung's will and refuse the deal?
The fight for succession among wealthy families has always been dangerous. If you fail, let alone the position of the head of the Hyundai Group, it is hard to say whether you can survive!

Zheng Mengxian is also aware of this and it is difficult for him to maintain a tough attitude.

"Dongfang Optoelectronics is taking advantage of the situation. After all, LCD panels are one of the hopes of the panel industry.

By acquiring Hyundai's LCD panel business, Oriental Optoelectronics can enter the mainstream panel industry in one fell swoop. These are things that cannot be bought with money!"

Zheng Mengxian still wants to gain more chips for Hyundai Electronics so that he can sell it at a good price!

Miao Xuguang did not deny this point. Oriental Optoelectronics acquired Hyundai's LCD panels in order to make up for Oriental Optoelectronics' shortcomings in LCD panels.

"President Zheng, there is no point in saying this now!"

"Most importantly, completing this transaction is beneficial to both Oriental Optoelectronics and Modern Electronics!"

Miao Xuguang said to Zheng Mengxian, asking him to stop talking nonsense. Now both sides need what they need. Hyundai Group needs US dollars and Oriental Optoelectronics needs technology. Other things are not that important.

"Four hundred million dollars!"

Zheng Mengxian opened his mouth and said, "Hyundai Electronics is willing to sell the entire Hyundai LCD panel business, including 150 LCD panel R&D technicians, 215 patents, and the entire third-generation LCD panel production line, for $ million!

This transaction may make Hyundai Electronics face the responsibility of the entire LCD panel industry in South Korea and may also be reviewed by the Trade Commission, which is also a huge risk for Hyundai Electronics! "

Zheng Mengxian used the reason of asking for an exorbitant amount of money to threaten to sell the LCD panels, which would also be a huge risk for Hyundai Electronics Company.

If Oriental Optoelectronics develops the LCD panel industry with the help of this transaction, the Koreans will definitely blame Hyundai Electronics for aiding the enemy by selling LCD panels.

This kind of hindsight is not uncommon. It happens in Korea, Japan, America, old Europe and other places.

In these regions, companies that were previously unknown or on the verge of bankruptcy began to shine when they fell into the hands of mainland companies.

Miao Xuguang didn't buy Zheng Mengxian's rhetoric at all. "Four hundred million dollars is impossible. Such a high price is enough for Oriental Optoelectronics to buy LCD panel technology from Samsung, LG, Sharp and other companies!"

"Moreover," Miao Xuguang looked at Zheng Mengxian and said, "your company is about to acquire Kia Motors. What we need most now is cash flow. It will be beneficial to both of us if this acquisition transaction is completed as soon as possible, instead of making those unrealistic proposals!"

When Zheng Mengxian heard Miao Xuguang talk about the most important plan of Hyundai Group, his face changed, and then he glared at Jin Zhongluo. He knew that this news, which could be regarded as a secret of Hyundai Group, must have been leaked by Jin Zhongluo.

Jin Zhongluo was somewhat indifferent to Zheng Mengxian's anger. To him, this secret was nothing. What would it matter even if he revealed Hyundai's trump card to Oriental Optoelectronics?
After all, he, Jin Zhongluo, is a consultant for Dongling Hi-Tech and receives dollars from Dongling Hi-Tech, not Hyundai. Why should he care about what Hyundai Group thinks?

As for whether selling Hyundai Group will affect the future development of Korean LCD panels, Jin Zhongluo doesn't care at all.

He is not the only one who sells Korean products. Why do you say that he is the sinner of Korean products?

He is no longer a good guy, and the Korean leader who is currently negotiating with America and preparing to sell Korea completely to Wall Street is no longer a good person.

"Three hundred million dollars!"

"Dongfang Optoelectronics offers a maximum of $300 million for Hyundai LCD panels!"

Miao Xuguang made an offer to Zheng Mengxian. He was not bargaining with the other party. Rather, the budget management committee and the financial department of Dongling Hi-Tech's headquarters had allocated only US$300 million for the acquisition of Oriental Optoelectronics.

If Hyundai Group is willing to sell the $300 million, then it will acquire it. If not, then Oriental Optoelectronics will have to look for other sellers.

……

Pingyang, currently the most well-known thing in Pingyang, the thing that is being discussed on the streets is the wedding of the founder of Dongling Hi-Tech. Not only the Li and Yao families, but also the entire Pingyang, and even countless people in Hanxi and Yanjing are involved.

Because the two who are about to get married, one is from the Yao family, a family that has risen rapidly in recent years and is a rising star in the domestic official career.

The other one is the owner of the largest technology company in the country, and he is also the richest man in the country and one of the top 20 richest people in Asia!
The marriage alliance between the Li and Yao families has involved Dongling Hi-Tech, Pingyang, and countless others. This marriage will also affect the fate of countless people.

Dongling Hi-Tech is busy because the issue of the founder's family heir has always been hanging over Dongling Hi-Tech's head, and it has made many Dongling Hi-Tech executives worried. Even an ordinary small company may become a mess because of the issue of heirs.

Not to mention a giant company of Dongling Hi-Tech's size. Once something happens to Li Dongling and the issue of succession is not resolved, it may lead to chaos. Even countless monsters may jump out to snatch the succession, and the entire company may fall apart.

Just like the Song Empire, many problems arose because of the Gaoliang River Car God, the Axe Gang Leader, and Breaking Bad, and even affected the fate of the entire Song Empire.

The issue of succession is a problem not only for a dynasty, but also for a company.

After the wedding, as long as Yao Luoying's belly shows movement, the hidden danger that has been troubling Dongling Hi-Tech will be solved.

As long as there is a legitimate successor, even if the second-generation leader of Dongling Hi-Tech has a far different ability from the founder, he can probably survive for many years with the family background, no matter how terrible he is.

There are less than two days left until Li Dongling and Yao Luoying's wedding. This is also the busiest time for Li Dongling, and his mind has begun to focus on this matter.

However, for the Pingyang Police Station, the security pressure has suddenly increased in recent days. From the information received by the Pingyang Police Station in recent days, it has been confirmed that many important figures will come to Pingyang to attend this wedding.

If it were last year, there might not be so many bigwigs in person. They might just send secretaries or representatives to Pingyang to express their support for Dongling Hi-Tech, which would have been a big deal.

But this year is different. The sudden Southeast Asian economic crisis has begun to sweep across Asia, and even Russia, Eastern Europe and other places have begun to be affected.

Under such circumstances, Dongling Hi-Tech, which is responsible for the food and clothing of millions of canal workers, was able to announce that it would not lay off employees and stabilize the entire supply chain system in this storm. This is particularly special in the current domestic environment.

The status and influence of Dongling Hi-Tech have been magnified several times in this storm. Stabilizing Dongling Hi-Tech means stabilizing the millions of jobs in the entire Dongling Hi-Tech parts industry chain, and also means that the family members of these millions of jobs will not have to worry about going hungry in the future.

Based on this point alone, do we need to say more about the influence of Dongling Hi-Tech?

This is also the reason why many important figures from Yanjing came to Li Dongling’s wedding. At this time, Yanjing must express its absolute support for Dongling Hi-Tech!

But the arrival of so many important figures made Pingyang Police Station, Pingyang City Government, and Hanxi Provincial Government all start to get nervous.

The streets within a three-kilometer radius of the wedding venue have been controlled by the Pingyang Police Station. The Hanxi Provincial Government has also dispatched personnel over. On the wedding day, internal security personnel from Yanjing will directly take over the security of the Oriental Times Hotel!
……

"Mr. Li!"

Just when Li Dongling was busy with his wedding, Wang Dongsheng, general manager of BOE, who had rushed over from Yanjing in advance, couldn't help but find Li Dongling.

Wang Dongsheng also knew that these days were Li Dongling's busiest time, but if he didn't get an answer from Li Dongling, Wang Dongsheng felt that he would probably have trouble sleeping and eating in the next few days.

"Let's follow this guest list for the wedding!"

Li Dongling signed the final wedding banquet list and then handed it to the general manager of Oriental Times Hotel. This list is not only for the wedding banquet, but also for preparing different gifts based on the different names on the list.

Even for the Oriental Times Hotel, as long as this wedding is held and when it opens, the first group of guests it welcomes will be those who attended Li Dongling’s wedding banquet. The status of the entire Oriental Times Hotel will reach an astonishing level!

Think about it, when the wedding of the richest man in the country and the youngest man among the top 20 richest men in Asia is held at the Oriental Times Hotel, and when the people on the news broadcast all stay here, for the Oriental Times Hotel, do star ratings still have any meaning to it?

From now on, when Han Xi, and even countless celebrities, wealthy people, and stars in the country hold weddings or banquets, the first thing they think of is probably to hold it at the Oriental Times Hotel.

Because the Oriental Times Hotel represents class and influence. It is an honor for those who rush to hold their weddings at the Oriental Times Hotel. It is the Oriental Times Hotel that makes their weddings more classy, ​​not them who bring fame to the Oriental Times Hotel. There is a fundamental difference between the two!

Wang Dongsheng and Li Dongling came to a room in the Oriental Times Hotel. Wang Dongsheng said to Li Dongling, "Mr. Li, I know it's inappropriate to ask these questions at this time, but I can't rest until this matter is finalized!"

Li Dongling certainly understood what Wang Dongsheng meant by these words, and he said directly, "If nothing unexpected happens, news about the transaction between Oriental Optoelectronics and Modern Electronics regarding the modern LCD panel business will soon be out!"

Hearing this, Wang Dongsheng couldn't suppress the joy on his face. BOE and Oriental Optoelectronics have been completely tied together.

BOE and Oriental Optoelectronics have already completed a share swap, with each party holding 35% of the other's shares.

Oriental Optoelectronics is mainly responsible for the research and development of panel technology and holds panel patents, while BOE is responsible for foundry production.

After taking over the LCD panel business from Hyundai Electronics, the technology, patents and engineers belonged to Oriental Optoelectronics. Once Oriental Optoelectronics had mastered the technology, the LCD panel production line belonged to BOE.

With the third-generation LCD panel production line, BOE will become the first domestic manufacturer that can produce 15-inch LCD panels!
"There will be bread and milk. BOE will definitely be able to carry the banner of domestically produced panels in the future and become the best panel manufacturer in China and even the world!"

Li Dongling was giving Wang Dongsheng some chicken soup, saying that Dongling Hi-Tech needed Oriental Optoelectronics and BOE as well. Both were indispensable and were the key for Dongling Hi-Tech to realize domestic LCD screens and avoid being controlled by companies like Samsung.

In the future, building a panel production line will cost 60 to 70 billion yuan, or even more, not to mention the R&D funds and production capacity expansion, all of which require money to maintain.

BOE is responsible for production and the construction of panel production lines. It has to raise so much money, so it has to bring sufficient returns to investors and those who have bought its stocks.

However, the returns from the panel industry may not be seen for ten years or so, and they have to continue to make money, which will definitely lead to all kinds of infamy.

Dongling Hi-Tech and Oriental Optoelectronics cannot afford to bear these infamies. It is better for BOE to bear it, since it is used to it anyway.

……

The international hedge fund led by Soros has been sharpening its knives against Hong Kong City. Everyone knows that the vulture hedge fund represented by Soros will inevitably have a battle with Hong Kong City!
At this time, in the entire Southeast Asian region, except for Japan, which was able to maintain its foreign exchange without collapsing, other regions had already been breached.

In domestic areas, the impact of the market collapse in Southeast Asia has also begun to increase. Companies that have foreign trade relations with Southeast Asia, as well as companies that export to Southeast Asia and do OEM for Korea, Japan, Hong Kong and other places, are now almost wiped out!

But at this moment, the Hong Kong media suddenly reprinted and reported the news from South Korea.

Oriental Optoelectronics spent US$300 million to acquire the LCD panel business of Korean company Hyundai!
Subsequently, the reports from the Hong Kong media were transmitted back to China, causing a great deal of shock in the country!

After all, many domestic companies are living in dire straits, with no certainty whether they can even see the sun tomorrow.

But on Dongling Hi-Tech's side, even one of its subsidiaries can spend 300 million US dollars to acquire the industries of a Korean giant company. Is the contrast really that strong? Are we all living on the same land?
But then, media in Hong Kong, Singapore, Japan, South Korea and other places dug up more news, which caused an uproar when reported back to China.

"Tangling Hi-Tech has now returned to the Southeast Asian market, and has invested more than US$500 million in Siam and Bang alone!"

“Buy Southeast Asia?

The mainland technology giant spent a lot of money to buy more than 450 stores and shops in Siam, Bangzi, Malaysia, Singapore and other places! "

"Dongling Hi-Tech, Lingyun Internet Cafe Chain, Lingyun Printing Store Chain, Oriental Express, Focus Media and others have all entered the Southeast Asian market!"

"The Oriental Times Shopping Mall, owned by the Hanxi Li family, has invested more than 600 million RMB in suppliers to help them through the difficult times!"

"Focus Media announced that it will provide 500 million RMB in development funds to shopping TV brands!"

(End of this chapter)