Coquettish Rebirth

However, no matter whether it is wooing LG, acquiring Samsung's automobile company, or South Korea's second largest automobile company - Daewoo Motor Company, there are actually many, many things to consider when it comes to mergers and acquisitions. Said to buy, so everything went smoothly.This kind of acquisition does not mean that the acquisition was made when the other party's company was at its strongest, but when the other party's company began to decline and all kinds of difficulties were encountered.

In this way, the other company must have a lot of problems. To put it bluntly, this thing is more difficult than reforming a state-owned enterprise!Although China's state-owned enterprises have difficulties in transformation and various losses, the main reason is that they cannot adapt to market competition. They have fallen into the "poverty trap", that is, they don't know how to get out of trouble, and then they don't have enough money to let them burn and let them find a way out. way!To some extent, as long as they find a way out of poverty, state-owned enterprises can actually climb out of poverty step by step, but it takes a lot of effort and resources to waste.

As for the acquisition of these South Korean companies, they themselves have gone through market-oriented competition. They are due to changes in the economic environment, because they borrowed too much and the currency depreciated. As a result, the price of imported things from overseas has risen too high—— —And a small country like South Korea is basically engaged in processing trade. How much iron ore can they have in South Korea?Can their iron ore meet their own industrial needs?Still want to buy from abroad?Therefore, the plight of these South Korean companies is not simply because they don’t know what to make to sell their products, but because their companies are in South Korea.So bad luck!In this case, the easiest way to bring the company back to life is to move the company out of South Korea.But is this method simple?In fact, it is also very difficult, because will the South Korean government agree?Will people watch big companies move away and leave unemployed workers all over the place?The current economic situation in South Korea is very bad!The government only did this when it was full of food!

And you must know that the trade unions in South Korea are much more powerful than the trade unions in China!The trade unions in China distribute labor insurance products all day long, or give out movie tickets during the Chinese New Year. When they have a meeting, they vote for some employee representatives to hold a staff representative meeting. On the surface, they mean participation. Business operation, but in fact it is just a formality.But it's different here in Korea.The trade union is like the trade union in the United States.A strike is threatened at every turn!Just like the NBA once went on strike, it would be an exaggeration for a Korean company to go on strike!

Jia Hongjian remembered that SAIC Motor in Shanghai had acquired South Korea's Ssangyong Motor in its history. This Ssangyong Motor was also the fifth largest car manufacturer in South Korea, and then it was acquired.It was fine at first.But then the price of oil rose all the way.Then, Ssangyong Motors still makes all kinds of suvs and luxury cars in South Korea.So this is definitely not a good sell!Then it is introduced to China, and it is not easy to sell.To put it bluntly, if you want to buy suvs and luxury cars that are more expensive than domestic cars.People buy the Ssangyong brand with a name they have never heard of, and they buy Japanese brands that are more famous at least!Then came the financial crisis in 08, and this time Ssangyong Motor could not continue to operate.Then SAIC considered laying off employees, including the management and workers. As a result, at this time, the union refused to agree to the layoffs, and then began to strike against it—the strike does not mean that the workers do not come to work, but the strike does It directly occupied the factory, prevented anyone from entering, and even detained Chinese managers!

Then the South Korean police were "sieging the city" in various ways, and then the workers of Ssangyong were just like the guards in ancient times, resisting steadily, and fighting with the riot police with all kinds of fireworks and firecrackers and various handmade tools. !Later, the police used a helicopter to spray tear gas, and then the workers hit the police helicopter with a giant slingshot!These workers even made many powerful weapons by hand—such as the screw cannon, which has a body length of 1.2 meters and a diameter of 10 centimeters. Once fired, it can shoot more than 30 screws with a range of 400 to 500 meters.

Then after such a strike lasted for 60 days, SAIC had no choice but to contact other shareholders to file for bankruptcy, and then the court had to intervene... It can be said that such a strike will not benefit anyone in the end.Workers have prevented mass layoffs, but they will actually end up unemployed because businesses will go bankrupt, businesses will be sold, and they will have to find jobs again.On the other hand, SAIC's US$5 million investment has basically been a lot of waste, and in the end it can only hope to get back some of the cost after the auction.

In the past, when Jia Hongjian watched this incident on TV, it was really not a big deal to watch, but now that he has a chance to encounter this kind of incident, his mood is different.If he is now sitting in the position of a capitalist and wants to see it, the workers are not willing to cut their wages, and it doesn’t matter if you all leave. The big deal is to recruit people again, at least the company will not hang up.However, the workers went on strike and finally the company closed down, and even some of the employees who could have been retained, ended up being unable to retain them.Is this good or bad for workers?Did they get what they wanted?Apart from the loss of everyone, what good is the strike?

So this incident gave Jia Hongjian a reminder, that is, if you really want to acquire some automobile companies or other companies of Daewoo or Samsung, you must also pay great attention to trade unions and other things!Under the control of the powerful trade union, it is unlikely that the production line of this enterprise will be dismantled to China, and it may even be impossible to take away the technology!This may not be able to be achieved smoothly!

However, even if there are difficulties ahead, it is impossible for Jia Hongjian to say that he was scared to pee, and then he would not even dare to buy, right?Who is Jia Hongjian?That is someone who can ask for excitement to lead a team of undercover undercover interviews at every turn, and who can directly lure others to come to negotiate for excitement. How could Jia Hongjian with such a personality be afraid of the Korean labor union?If he, Jia Hongjian, was afraid that this would cost money, he would not be where he is today—I think back then, in order to let his parents look up to him, to let them know that he is no longer a child, but a person who is absolutely capable of action. He's the one who went straight to the counterfeiting to earn the first sum of money!This first sum of money depends on cracking down on counterfeiting, is that a cowardly person dare to do it?If it's not good to say, if it's not bold and careful, then wouldn't you be beaten when you cracked down on counterfeiting for the first time?Back then, Jia Hongjian encountered someone who brought a tape recorder and set up a trap!If you treat me badly, you can easily get yourself into prison!

After making up his mind to grab meat from these big companies in South Korea, Jia Hongjian is not stupidly waiting for the South Korean government to call for the auction to start—seriously, whoever wants to buy good things is stupidly waiting for others to call If the auction is selling, then it is stupid!Really good things have to be decided in advance privately in advance!So, after talking with his parents, Jia Hongjian discovered that Huaxia Hi-Tech's cash flow was about 30 billion US dollars, so Jia Hongjian called Mr. Zhu's office and told Dazhang directly. They told Huaxia Hi-Tech's concern about the situation of the Korean conglomerate, and asked Dazhang and Boss Zhu to express to the relevant parties in South Korea, such as President Kim Dae-jung, through diplomatic channels, about Huaxia Hi-Tech's possession of the Daewoo Group... Ah no , is business interested.

Dazhang was obviously very surprised that Jia Hongjian wanted to buy Daewoo Group. Daewoo couldn't manage it anymore, but Jia Hongjian still wanted to buy it?What should I do if I bought it or filled the hole?However, Jia Hongjian expressed great confidence in this. He said that Huaxia Hi-Tech has developed to the present stage, and it is obviously time to go further.At this time, it is quite necessary to obtain some foreign channels and technologies through acquisitions.To this end, Huaxia Hi-Tech has prepared sufficient funds!

After Jia Hongjian said this, and after Da Zhang told Boss Zhu about it, Boss Zhu was also surprised and even called to ask Jia Hongjian what he was thinking in spite of his busy schedule. "Hung-chien, Daewoo is in financial crisis because of its massive expansion. It's almost bankrupt! Why are you following in their footsteps? Why are you still expanding?" Boss Zhu asked anxiously.

Hearing this, Jia Hongjian smiled faintly, but he answered this way: "Boss, you are mistaken. The trouble with Daewoo Group is not because they want to expand, but because they don't have enough cash flow. If they The company now has a lot of cash flow, for example, if there are tens of billions of dollars, then there is absolutely nothing wrong with their company! Isn’t it just that the reception money has arrived? What’s the big deal? They are just equivalent to loans Buying a house, and then you have no savings, and you just lose your job. If you can’t repay the loan, it doesn’t mean that the bank will take the house away? If they have a little savings, for example, they can afford the mortgage for half a year or even a year, then Will they still have such a big problem? Obviously not. This example may not be suitable, but I think the principle is the same. The biggest difference between Huaxia Hi-Tech and Daewoo is that our company has strong cash flow as a ensure."

Speaking of this, Jia Hongjian paused, "Soon, our Huaxia Hi-Tech Building, the tallest building in the world standing in the core area of ​​Lujiazui, will be completed soon. Then we can attract investment, rent and not sell. A lot of cash can come in at once! Boss, Huaxia Hi-Tech has so much money, it’s not that we don’t stimulate consumption, but that we are prepared in case we have business difficulties!” (To be continued.. )