Winner Takes It All, Resurrection 2009

"Boss, do you think the engineers and managers in Third Brother's family really have such a big problem?"

After confirming it again and again on the phone, Gu Shijie still found it a little unconvincing.

After all, the news that was passed on was too exaggerated. No matter how hard he tried, he couldn't figure out how one person could take over an entire company in just one or two years.

Including R&D, public relations, administrative logistics and middle and lower-level management positions, all of them were replaced by their own people. Even if the executives invited in the beginning were extremely capable and could beat ten people at once.

He can't completely deceive all investors, the board of directors, and the shareholders' meeting, right?

In particular, the interests involved behind multinational corporations are extremely huge, and any move intended to turn a company into a monopoly will be met with joint opposition from all parties.

At the same time, as the company's chief human resources officer, he knows better than anyone that it's okay to secretly promote one or two of his own people, but if he does this on a large scale, the boss will be the first to not forgive him.

"Unless you, the boss, come in person~ Oh, that won't work either. The equity of other multinational corporations is extremely dispersed, and most of them have the shadow of Wall Street behind them. They are the most calculating in the world...

You mean?

"Facts speak louder than words. Europe and Chicken with a Foot Basin are still okay, but America and Daiying have already shown signs of this. Lijiaopo is also in a similar situation. Everything is for the purpose of making money more efficiently.

Not shabby!
We use a lot of management staff, customer service staff, and scientific researchers from San Ge’s company. Not only is the cost low, but they are also obedient. Apart from their love of introducing fellow villagers, there is nothing wrong with them.”

Li Zehua smiled inwardly, "It's just that the quality is a bit of a sacrifice, because the salary is low, the requirements can't be too high, and it's normal to sacrifice quality appropriately, which just saves money on quality control.

Next, you will see more and more companies falling into this vicious circle. There is no need to explain the reason. Capital is naturally close and willing to crawl, which saves a lot of communication and prevention costs.

You should cooperate with General Manager Lin and Lao Yang in this regard, drive back the capable people, and do everything you can to send people from the Third Brother's family out. The more the better, only when they fill the middle and senior levels of various multinational technology companies.

Our good days will come sooner.”

Li Zehua always likes to do things in a concise and clear manner. Once he sets a goal, he will do it. The various bizarre events that happened in the original time and space have proved everything. When you choose to use a large number of obedient people.

We must tolerate their shortcomings in ability and work attitude. There are gains and losses. At most, we can spend more money to strengthen their public relations capabilities and deal with public opinion. This is their strong point anyway.

After settling the general issues, Li Zehua then set about preparing to resolve the negotiations with a number of Wall Street financial institutions including Goldman Sachs and Morgan Stanley.

From the current perspective, the cooperation between the two parties is still in the honeymoon period. At least the people from Goldman Sachs are willing to sit down and talk, and the lobbying team in Washington is also happy to take orders from Qingyun, no matter how troublesome or difficult the matter is.

As long as they are willing to spend money, these people will try every possible way to help Qingyun buy the equipment and technology they want, such as approving the sale of lithography machine technology by Jiaobenji.

Samsung and some companies in the southeastern islands, together with some European companies, want to stop it, but Europe itself is not very interested in this matter, after all, Europe is at a disadvantage in lithography machine technology.

They are not following the same technical route as Helan ASML at all. This is a bit like the difference between the liquid crystal on the LCD panel and the plasma technology.

It doesn't matter whether the technology is advanced or backward, it mainly depends on whose products the mainstream market is more willing to accept and use. As the saying goes, the righteous will have many supporters, while the unrighteous will have few. The party that gets more support will be the one that wins.

They can rely on larger resources and markets to quickly reduce R&D and production costs, and then come up with more technologically mature products to capture the market. The lagging party will inevitably face the outcome of losing all its money.

Therefore, when faced with sky-high package acquisitions, small and medium-sized enterprises behave very actively. Except for the basic core patents in a few fields that they are unwilling to sell, all other patents are negotiable.

Qingyun and Dongda are well aware of the intentions of the Jiaobenji company. This guy just wants to make a fortune with the basic patents after Dongda has made a breakthrough in the future.

On this point, the two sides had been engaged in a continuous confrontation for more than half a year, and finally ended with a complete victory by the University of Tokyo. The reason is very simple!
Because apart from Dongda and Qingyun, the "sucker", there is no other buyer in the world that has the ability to take over. The chicken company can certainly choose not to sell, but in the process of Dongda's external expansion.

As for those benefits that come along with it, the underdog companies cannot expect to reap them safely, especially the real value of the shares of Qingyun Industrial Fund, which has generally skyrocketed by 3-12 times from the time of issuance.

Big capitals behind groups including SoftBank, Mitsubishi, Toshiba, and Sony have subscribed to shares ranging from hundreds of millions to billions of dollars, but the prerequisite is to help Qingyun solve the problems of cooperation on lithography machines and the introduction of semiconductor display panel production lines.

As long as the cooperation is not ultimately reached, these small and medium-sized enterprises will not be able to reap the dividends of Qingyun's leapfrog development, let alone use it as a springboard to influence Qingyun's internal decision-making.

So they are more anxious than Qingyun.

Europe and the United States have simpler ideas because they master the most important production and preparation processes and key equipment technologies for semiconductors, and their products occupy 95% of the mainstream market share.

In the era of globalization where international capital generally pursues profits, reduces risks, spreads costs and competes for competitive advantages, the University of Tokyo is willing to spend a lot of money to try to start a new business, which they believe is a dead end and has no hope of success at all.

There are also American interests behind the chicken companies. They invested hundreds of billions of dollars and spent 20 to 30 years to develop the products, but the technology has no market and they are now rotting in warehouses.

Now that they can be exchanged for real money (what is being sold are second-level technologies and production equipment patents), it is simply a windfall, so big European and American funds dream of completing the transaction quickly.

But according to their usual style, even if they want to make money from you, they have to act condescending and give alms, as if they are afraid that Tokyo University will get the good stuff.

It would have been fine if they were just stingy, but they also came with a bunch of additional conditions that made people furious. After agreeing to all of them, Qingyun simply packed up the goods and gave them to them without charging any money.

Even so, people still have confidence in their words, saying that they are taking special care of you and want to help you get rich, which is something that ordinary people cannot buy even if they have money.

For the sake of his big plan, Li Zehua sent people to negotiate slowly. After finding out the actual attitude of the other party, Dongda and Qingyun were no longer in a hurry and acted as if it was up to you to sell it or not.

Now it is the seller's market's turn to be anxious.

Even the economic and industrial departments took the initiative to jump out and talk about friendship, as if if the two countries did not cooperate this time, something would happen and so on. It was really boring to watch.

Dongda and Qingyun refused to accept the challenge and instead focused their efforts on promoting the introduction of semiconductor display panels, chip wafer fabs and flash memory storage equipment technologies.

Qingyun also cooperated in cutting non-essential investments in each subsidiary, pretending that it was running out of money. In fact, it really was out of money. It still had some money overseas, but it could not be used openly.

It’s not that the source is irregular, but the net profit earned from investing in US and European stocks (not sold, but borrowed money by mortgaging from banks). Although the money is large, they dare not transfer it back to China openly.

Otherwise, others would be able to trace back and find out Qingyun's specific holdings, and then carry out targeted attacks.

Qingyunpu's business is too big, and it needs money everywhere. You can see that subsidiaries like Dajiang Technology were forced to borrow US$7 million from Qingyun Power Technology Group to acquire Hans' camera optics laboratory.

No matter whether they are really poor or just pretending to be poor, the effect is there. The chicken dealers have changed their previous procrastinating attitude and started to contact them actively. Even many commercial banks in Tokyo are willing to provide low-interest loans.

You see, this is a magical business. You use the funds from my bank to buy my products and pay them back slowly in the future. Of course, this must be accompanied by some special terms, and the real purpose is self-evident.

Finally, the time was right, and Goldman Sachs stopped hiding and started to act as a peacemaker, ready to sit down and have a good talk with Qingyun...

"Mr. House, if you keep making unrealistic demands, I think the negotiations can end early because you are wasting everyone's time."

Li Zehua had to admit that he had underestimated the shamelessness of these people. Who among them did not have a pocket full of American specialties (US dollars) given by Qingyun?

As the saying goes, one should be grateful to the one who has eaten the food, but this group of people acted like his creditors, and they were always thinking about how to get the money out of his pocket.

"I even find it a little ridiculous. Mr. House, all of Yangcheng's purchases of your 12-inch wafer factory have been approved by your trade department.

Now they have added a separate inexplicable clause. I would like to ask, what necessary connection can there be between the Yangcheng semiconductor project and the underwriting rights of the Lijiaopo trading market?
Then what is the connection between Modou Microelectronics' introduction of a full set of technical equipment for the Foot Basin Chicken lithography machine and Minsheng Financial Holdings' request for a loan from you?
By the way, as the largest shareholder of Minsheng Financial Holdings, how come I didn’t know when we proposed to borrow US$25 billion from you, and that was a loan with special terms.

Mr. Lin, do you know about this?"

Facing Li Zehua's questioning, Lin Wenhui shook his head decisively, but the other party argued, "According to our investigation, Qingyun's account has a serious shortage of working capital. Out of support and care for its partners, Goldman Sachs is willing to proactively provide a commercial loan of up to US$25 billion, and the interest rate will be calculated based on the previously agreed 8.5%.

In addition, for the sake of fund security, Goldman Sachs hopes to sign a currency default swap guarantee agreement of the same size with your country’s central bank in the name of Qingyun Group..."

"This is a serious matter. I suggest that the meeting be adjourned temporarily..."

Li Zehua woke up instantly. He understood what the other party was planning. At the same time, Lin Wenhui also understood.

House naturally would not refuse. He made a gesture of invitation and arranged for someone to take them to the luxurious lounge next door.

As soon as he entered the door, Lin Wenhui couldn't wait to speak, but was quickly glared back by Li Zehua.

Jin Wenhui was puzzled, but the next second he saw that a device carried by the entourage inside his Zhongshan suit was flashing a red light.

Lin Wenhui cursed inwardly, "There is a bug here."

Before we could discuss countermeasures, we heard our boss say, "Call the central bank and ask them to send the Bank of China's negotiation team to deal with it. I don't think Goldman Sachs has the sincerity to negotiate.

The company's capital chain is already very tight, and the US dollar debt with an interest rate of up to 8.5% will increase the company's future operating risks."

Lin Wenhui understood immediately, "I'll do it right away. Then should the policy loan that Minsheng Financial Holdings and the central bank are discussing also be stopped?"

"That's not necessary. The group will have to inject capital into HSBC next, and the funding gap is huge. We can't let Runhua and Zhongxin exceed the group's shares, otherwise we will have no say in the future."

Li Zehua spoke immediately, then sat on the sofa and called Yanjing, saying almost the same thing.

But while making the call, he called Zhang Tao over and asked him to use his body to block any possible surveillance in any direction. He quickly edited a paragraph of text and sent it over immediately afterwards.

The person on the other end of the phone was also a smart person. He instantly understood his position, and in the subsequent order sent to Bank of China International, he gave clear biased instructions.

This news soon reached the ears of the Goldman Sachs team in the same building.

House looked puzzled, "The group is very sure that Dongda and Qingyun really want the key technology of the foot basin chicken, and they spent hundreds of millions of dollars in advance for preliminary preparations.

With such a large investment, they just say they won’t do it? Are they changing the rules so that the relevant people no longer need to take responsibility? "

This approach has always worked in the past, especially since the terms offered by Goldman Sachs were very generous (in their opinion), so why wouldn’t the other party agree to it as they expected? !
The staff below looked at each other and said various things. Finally, a vice president raised his hand and said weakly, "Maybe it's because Qingyun Group is a private enterprise."

One sentence explains all the reasons.

Li Zehua is only responsible for himself. It doesn't matter how much money he loses. No one will bother him if he loses it all. Is he going to send himself to jail?
House was furious. "Damn Ducai, I knew he had no good intentions when he set up an industrial fund. Who allowed him to control so many company shares by himself?

No, we must find a way to change this situation, otherwise Goldman Sachs will be too passive. "

This is the good thing about having one person holding control. If the person at the helm can always hit the right spot and make the right decision, the group's limited resources will be maximized.

What does it mean to take fewer detours and avoid trial and error?
Others can only make use of three dollars out of ten dollars, because seven dollars are the cost of trial and error, but Qingyun spends one dollar as if it were two, because by arranging the layout first, he can get the first bite of fat meat and double his profits.

It will be a headache for anyone to go against a business leader who is always on the right path to success!
Now, it's Goldman Sachs' turn to break the deadlock, but it still has no idea what to do.

The subsequent talks naturally ended in failure. Although Goldman Sachs lowered its demands, Qingyun was determined to delay, and it was impossible for them to drastically lower their demands in just one meeting.

After everyone left, House said gloomily, "Go and ask Mr. Greg from Blackrock to come and tell him I have something important to discuss with him."

While Goldman Sachs was busy adjusting its strategy, Li Zehua was not idle after leaving and kept in touch with Yanjing.

"...Mr. Li, your guess is correct. Goldman Sachs and Morgan are trying to replicate their success in Hillary Clinton, but they obviously chose the wrong target.

Just delay and don't agree to such a sinister request. Let us discuss the specific operation."

The relevant executives of the central bank responded quickly, because no one is stupid and everyone knows how insidious the terms that Goldman Sachs took advantage of the opportunity were.

If you look at it alone, you may not be able to see it.

However, the introduction of semiconductor wafer factory and lithography machine projects, coupled with the underwriting rights of Lijiaopo's Chinese concept stock transactions and a $25 billion debt default swap agreement, is very directional.

First of all, there are five underwriters for the Lijiapo Chinese stocks transaction, namely Bank of China, Industrial and Commercial Bank of China, Zhongxin, Qingyun and HSBC.

There is also a special situation here. Lijiaopo only has approval authority and cannot directly introduce domestic companies to go public in Lijiaopo, nor can it allow companies from other parts of the world to go public on Chinese stocks.

In short, these five channels are the only channels for listing applications. In the past, foreign capital could directly influence and control through the channels of Zhongxin and HSBC.

However, HSBC has become a favorite of the mainland, and there is no need to say who it will listen to in the future. According to the regulations on the listing process of domestic companies, two lead underwriters must jointly undertake the project.

Only after obtaining approval from three of the five companies can an application be submitted to the Lijiaopo Trading Market. Only after approval can a company be successfully listed and raised funds, which is a headache for foreign investors.

It is obvious that Zhongxin was eliminated early. The idea of ​​foreign capital to stuff listed companies into the Lijiaopo market on a large scale was shattered, and the plan to lure the RMB to go overseas on a large scale also failed.

How could Goldman Sachs bear this?
So Goldman Sachs tried its best to squeeze in. If it became the sixth underwriter, it would be able to cooperate with Zhongxin, and then the remaining four could just team up with any one of them to continue the plan.

For example, it is very easy to win over the Bank of China. But if we want to buy out both of them now, who has the extra resources? It is not cost-effective, not at all.

The credit default swap agreement is more direct!
It is designed to be used to crash the offshore foreign exchange market when the RMB goes overseas on a large scale in the future. A debt contract of US$25 billion can be thrown out as more than billion RMB at a critical moment.

Dongda has to take over. Either Qingyun Credit will go bankrupt or the exchange rate will plummet. Goldman Sachs will not lose money either way. Anyway, if it takes over, it will have to pay it US dollars (it dare not pay RMB, otherwise it will be hit even harder).

And this is just the beginning. Goldman Sachs's plan is an open conspiracy. Domestic guarantees and foreign loans are legitimate market behaviors. If domestic commercial banks do not provide guarantees, who will lend money to domestic companies?
The reason why they didn't buy insurance before was that Todai had a good reputation internationally, and they insisted on fulfilling their obligations even at the cost of incurring losses. But this time, Goldman Sachs was not here for just a small amount of money.

What they want is the credit represented by this swap agreement itself, just like when Sheila borrowed money to insure at Hans Deutsche Bank, they are betting that you dare not joke with your credit.

Once the first order is accepted, subsequent mutual insurance agreements will be thrown in continuously. When the amount of RMB in the settlement system of the Lijiaopo trading market reaches a certain scale, it will explode instantly.

No matter how much foreign exchange reserves the central bank has, can it ever be as much as Wall Street’s?
Once the fight is drawn, both sides will be in a life-and-death situation, and the other side will throw all its money out at once to crash the market, causing the exchange rate to collapse in an instant.

By then, through the form of financial warfare, decades of accumulated wealth will be harvested in an instant...

"What a sinister intention. I was wondering why they sold all these high-tech equipment to me before, as if they were defenseless and just paid for it. It turns out they were waiting here."

Lin Wenhui was overwhelmed and said helplessly: "It's really unpleasant to be controlled by others."

“What kind of setback is this?”

Li Zehua said with disdain, "At least the technical patent barrier has been overcome, and the next step is to catch up. In less than three to five years, they will regret it.

Besides, things may not turn around..."

Lin Wenhui's eyes lit up when he heard this, "Really?" (End of this chapter)