We are all reborn, who wants to be the richest man?

Chapter 581 Chasing Hitachi

"Mr. Zhao, we will stay in the capital tonight and then take the 8:40 flight to Qindao tomorrow morning."

"understood".

The person who was speaking waved his hand, his tired body sitting on the sofa. After listening to the itinerary, he waved to his assistant to go down and have a rest.

It was definitely impossible to rest, as a rapid cell phone ring broke the silence in the room.

After taking out the Han Tang mobile phone and seeing the caller ID on the phone, the man who was tired just now stood up and pressed the answer button.

"President John, I wonder what you want to talk to me about so late at night?"

"It's nothing big, I just want to ask you about the progress of Honor Mall's home appliance support plan."

“I was planning to report this to you in a couple of days, but since you asked, I’ll report it to you now.

During this period of time, I have visited almost all large, medium and small home appliance companies in Rabbit, and most of the small and medium-sized ones are not doing well.

Their production equipment is outdated and they don't have any self-developed technology. The quality of some companies' employees and corporate management are in a mess.

There are some good ones, but our money can’t make them grow and develop all at once. From our purpose this time, slow development is definitely not an option.”

"what is your opinion?"

“My suggestion is to invest in several large and technologically advanced home appliance companies, and then let them acquire valuable small and medium-sized companies to grow rapidly.

The good companies I visited had no problems with production, but failed because of leadership issues. As long as they injected new management or acquired production lines, the investment would be worthwhile.

After listening to his report on the phone, he fell into deep thought, and after a moment he replied, “I agree with your strategy, but the plan must be fast, and you can make appropriate concessions, and not negotiate and drag it out for a few months.

In this case, it would take at least one or two years for them to grow stronger through acquisitions.

Luo Sheng has said that these brands must have the ability and production capacity to expand overseas in one year."

"Don't worry, President John, I will cut the Gordian knot."

After hanging up the phone, Director Zhao let out a sigh and said, "It turns out that good things can't just happen to me suddenly."

Mr. Zhao’s full name is Zhao Hongjie, and he is the head of Honor Mall.

Mr. Zhao is very successful in Rabbit these days and is a guest of honor in all provinces and cities.

Not for anything else, just for the 1 billion Hong Kong dollars in his hands.

Audi acquired Nissan. Do you think Hitachi has never thought about selling its shares?
They thought about it, but they could not agree to the demands made by the Far East.

This time, Luo Nianzhong didn't want the split-off Hitachi Home Appliances, he wanted to invest in the entire Hitachi Group.

Hitachi Group is involved in many industries, including home appliances, energy, semiconductors, and lifestyle sectors.

The Hitachi that Luo Nianzhong invested in was not the Hitachi Group, but the home appliance and semiconductor sectors.

But now Luo Nianzhong has become greedy and he has set his sights on the entire Hitachi Group.

The energy sector is where Hitachi started out, producing generators, transformers, and power equipment, and it is also one of the island nation’s three largest nuclear reactor manufacturers.

When the Wallenberg family rejected Luo Nianzhong's proposal to invest in ABB, Hitachi had to try to win it over.

The lifestyle sector is also an important business group of Hitachi, and large machinery such as high-speed railways and agricultural machinery belong to this sector.

How could Luo Nianzhong not love such a huge Hitachi?

Didn't you refuse? Didn't you want to be strong? Then I will create some difficulties for you.

The first is the semiconductor industry. In addition to the current largest capacity 16MB DRAM, Hynix has been able to produce 8MB mainstream products.

The Far Eastern Group did not indulge Hitachi and purchased a large number of Hynix products, making Hynix one of the world's largest DRAM manufacturers.

Next, Luo Nianzhong will attack Hitachi's other major revenue segment, which is home appliances, so there is a 10 billion Hong Kong dollar support plan.

Zhao Hongjie knew very well that if this matter was handled well, Honor Mall would move to a higher level and he himself might also be promoted.

The person he just called was John Baibo, the COO of Far East Group, who had been temporarily taking over the position of President of Glory Group since last year. However, everyone knew that he would not stay in this position for too long, and the reason why he had not found someone yet was because John Baibo suggested internal selection.

There were problems with the former president, Kenxi, but after some contact with him, John Baibo felt that he had room for growth.

Another unexpected surprise is Luo Nianzhong’s former secretary Zhang Jing. Since being promoted to vice president of Honor Group, Zhang Jing has made rapid progress and has great room for development.

So John Baibo felt that he should give the two a chance and observe them for a while, and Luo Nianzhong also agreed.

No matter who gets promoted, a position will be vacated. This is both an opportunity and a challenge for Zhao Hongjie, 39 years old this year.

That's why he took the trouble to come to Rabbit in person, visiting a large number of home appliance companies every day, and working from morning till dark.

……

Qindao City is proud to own Tsingtao Brewery, the first listed company in Hong Kong and a world-class beer company.

Under Watsons’ systematic promotion, Tsingtao Beer has firmly established itself as the largest beer brand in Taiwan.

In 1991, Tsingtao Beer's total revenue was RMB 68.24 billion and its profit was RMB 5.12 million.

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The overseas market generated considerable revenue, reaching US$4.69 million, which is equivalent to RMB 5.322 billion based on the current exchange rate of 25.

Today, Tsingtao Beer is a famous brand of Qindao City and the pride of all the people of Qindao City.

However, the leadership team of Qindao City is not satisfied with this. They want more companies to go global, and now there is such an opportunity.

"Mr. Zhao will be arriving tomorrow morning. How are the reception preparations going?"

"Everything is ready, don't worry, Governor Zhou."

“I can tell you very clearly that the Far East Group is determined to vigorously support several home appliance industries this time. This is our opportunity as well as Haier’s, so I don’t want any mistakes to happen.

I have explained everything that should have been explained before, so if you have any questions, please ask them immediately. If any problems arise tomorrow, don't blame me for settling the score later."

Magistrate Zhou knows more information than anyone here. Hitachi sells home appliances in Rabbit under the name of China Hitachi Home Appliances Co., Ltd.

However, Far East is the major shareholder of this company, Pengcheng government is the second largest shareholder, and the island country Hitachi only holds 25% of the shares.

The Far Eastern Group wanted to attack Hitachi's home appliance industry, and overseas markets were the key, so Governor Zhou knew that this was a once-in-a-lifetime opportunity.

As long as Honor Mall decides to invest in Haier, relying on the overall promotion of the Far East system, the second international enterprise in Qindao City will soon appear. This is all his achievement.

How did the previous prefect get promoted? It was because he promoted the listing of Tsingtao Beer.

Now that the opportunity has come, why can't he follow in his predecessor's footsteps?

“This reminds me of a problem, that is, Haier is different from Tsingtao Beer in that Haier is a collective industry.

If Honor Mall really takes a fancy to Haier, will there be any problems with its equity?"

"Haier is collectively owned?" This was something that Governor Zhou had not expected.

Collective-owned enterprises are not like state-owned enterprises. The government cannot impose interference in their operations, nor will it provide funds for their development. If they need funds, they have to go to the bank for loans.

In fact, the operation model is essentially the same as that of private enterprises. It’s just that there were no self-employed individuals at that time.

"Tell me more specifically."

“According to my understanding, Haier’s predecessor was the Qindao Electric Motor Factory, which was initially started by a few people pooling their money together.

Later, the state introduced a redemption policy, so these people sold their shares and Haier became a collectively owned company.

Now most of Haier’s shares are in the Second Light Industry Federation. If we want to introduce capital, we need to do a good job in their work.”

"Then you should contact them. This is a good thing. Introducing investment means that their stocks will be more valuable. They should not object."

After resolving the equity issue, Governor Zhou inquired about other matters again, and ended the evening meeting only after seeing that there were no omissions.

(End of this chapter)