Coquettish Rebirth

But to be honest, even if the media pays more attention to Carlyle and the local city government, as long as no one reports anonymously and no one has real evidence, even if Carlyle and the others are really bribery, the media will have nothing to do.The media do not have the right to investigate, and the media cannot go to the bank to ask for records of cash transactions in various accounts.This matter can only be dispatched by the public security and law enforcement, and the media can only watch from the sidelines at best.But after doing this, it is clear that no matter whether it is the approval of the province or the approval of the national business department, it is basically not likely to pass.When doing things in China, you can do whatever you want before things get serious, but if things really get big, you can only do it in a serious way!The specific situation of XCMG depends on the future direction. It is estimated that there may be no results before at least January.

And after such an incident, some domestic businesses seem to understand something and seem to have learned something. On November 11, Zhedong Supor Company, the largest cooking utensils manufacturer in China, announced that it was negotiating with the French seb group on the sale of 18% of Supor's shares.Two days later, six cookware companies, including ASD, Double Happiness, and Shunfa, gathered in the capital and jointly issued an emergency statement against the Supor merger. It will bring about an existential crisis." On November 61, Wenzhou Delixi, the second largest low-voltage electrical appliance company in China, announced to form a joint venture with German Schneider AG to form Delixi Electric Co., Ltd., each holding 6% of the shares.After the news was released, Chint Group, the largest enterprise in the same industry as Delixi in Liushi, Wenzhou, immediately opposed it, and posted a post on the Holmes blog system stating that "such a seemingly common joint venture is actually the first step in Schneider's monopoly mergers and acquisitions." "!"If XCMG's case may be a bit tricky, it is indeed effective after posting blogs and attracting media attention.Then these two cases that followed suit and tried to copy the XCMG case are a bit purely ridiculous.It is always said that if someone buys it, it will monopolize it.They didn't buy several companies at once, so how could they monopolize it?These foreign companies have never entered the Chinese market before, so why is it suspected of monopoly when they acquire a company now?If the acquisitions are all the strongest companies in the industry.If it is easy to monopolize all of a sudden, then the two acquired companies themselves may be suspected of monopoly.What does it have to do with being acquired or not?So from this aspect, the following two cases were really a farce!It's simply that many merchants thought that crying children would have milk to eat, so they tried their best to make a fuss, maybe thinking that if it could attract public attention and eventually lead to the suspension of the two acquisitions, then everyone would make money!Don't call it stop? Anyway, there is not much loss. After all, those two companies were originally going to be acquired.

At such a time, there are still people in the market paying attention to the same things as Jia Hongjian—Ye Tan, a financial commentator of "Daily Economic News", wrote on his blog: Many years later, if people recall XCMG's acquisition case.I am afraid it is not its content, but its form.Launching a public opinion war against Boyong blog, demonstrating the power of grassroots and Internet communication.Even Xiang Bo himself said, "If I didn't use the blog, I don't know which trash can my opinion would be thrown into. Huaxia Hi-Tech's blog can make things in this industry and even various small things in society public. Incident. For such a matter as XCMG, if I write a letter against it, it may become garbage in the mail room of the government agency, and it may be transferred to XCMG by some leaders' secretaries... The blog allows decision makers We have heard different voices, allowing decision makers to hear voices from public opinion, voices from the people. Voices from other people, not just voices from within the system. These discussions provide a good atmosphere for national policy adjustment. I I feel that our society needs such a mechanism.”… I don’t know if Ye Tan is a little bit excited, he even wrote another article a few days later.In such an article, he did not analyze the power of the self-media platform, but talked about a commonality in XCMG and related cases-why the media and ordinary people have great concerns about the acquisition of private enterprises What about the response?Even if the so-called anti-monopoly in the two subsequent acquisitions of XCMG is unreasonable, the sentiment of the common people is still quite high. It is really a bit like the feeling of the Chinese people when the British and American countries carve up China's coastal areas to establish their own circle of influence. Same!He analyzed why this happened, and said that he felt that small and medium-sized private enterprises have been living in the cracks.On the one hand, it is unpopular with the bank, and it is difficult to get a loan.On the other hand, because of the status of a private enterprise, in many cases there is no background.In order to attract investment and achieve performance, the local government will force private enterprises to "sell themselves"!

He even gave an example specifically. During the Women's World Cup in 1999, Sun Wen also helped Nanfu Battery to advertise. At that time, she shouted "National Power" on TV.But it didn't take long before the word "nationality" was no longer seen or heard in Nanfu's advertisement. Why?Because they are no longer national enterprises, they have been controlled by foreign capital!Moreover, such a matter of foreign capital holding is said to be forced, or forced by the local government to marry foreign capital!what 's wrong?It turned out that in 99, as a key state-owned enterprise in Nanping City, southern Fujian Province, Nanfu was included in the list of the first batch of enterprises to withdraw state-owned assets by the city government that implemented "withdrawal of state-owned assets from non-competitive fields".

So there is room for entry!Morgan Stanley, who was investing at the time, knew that Nanfu mainly focused on national brands. If outsiders like them came in directly, there might be a backlash.So I found a domestic investment company to cooperate with. This domestic investment company also just found out that Nanfu wanted to withdraw its state-owned shares. It would be a good investment to take over!Then Morgan Stanley came up and said that they want to work together. Does this domestic investment company not do it?After all, how much money does Morgan Stanley have?This is a little tricky. After Nanfu grows bigger, domestic investment companies can also earn more money, right?So after the discussion, a domestic investment company took the lead to talk to the Nanping government, and promised to bring in 5 million yuan in funds after acquiring most of Nanfu's shares.

And another label behind this huge number is undoubtedly outstanding political achievements, so it really moved the leaders of Nanping.The government public relations with high frequency and strong bombardment quickly conquered them, and they began to actively go back and forth between Nanfu and the Fujian provincial government, strongly urging Nanfu to enter into a joint venture.But did Nanfu really need capital injection at that time?The insider disclosed. In 1999, the sales of Nanfu batteries were booming across the board, and many banks rushed to grant loans to Nanfu.However, Nanfu's asset-liability ratio was 62% that year, which did not deviate from the normal level.All indications are there.At that time, Nanfu did not need funds at all, and it should be a wise choice for this national brand to continue to develop independently.

However, Nanfu Battery is a key enterprise in Nanping and even in southern Fujian Province. It has been in close contact with the local government for many years. It has long been accustomed to the leadership of provincial and municipal leaders at all levels. Under the impulse of the local government to "be bigger and stronger", all Nanfu and its leaders can do is obey.Nan Fu, who was completely healthy, was forced to have a blood transfusion.The insider said that the agreements at that time were all in favor of foreign capital.The equity setting completely lacks relevant provisions for risk control, such as the time limit for equity transfer, restrictions on the transferee, the right of priority to repurchase, and even the right of veto.This makes it impossible for Nanfu to grasp the control of the enterprise.

First of all, domestic investment companies first acquired Nanfu, and then established a company called China Battery in Hong Kong together with several foreign investors such as Morgan Stanley and Bank of Singapore with the controlling shares of Nanfu.The original idea was to operate such a Chinese battery to go public, and then make a lot of money.However, Ganggang just changed the rules in those few years, and it needs to be unable to be listed in Hong Kong within 3 years after the board of directors has changed.So such a listing plan was temporarily put on hold, and three years later, in 3, the overall listing plan was canceled for some reason. Morgan Stanley proposed to buy shares of China Battery with several other shareholders, so In the end, Morgan Stanley became a controlling shareholder of Nanfu Battery by mastering such a company as China Battery!

After Morgan Stanley took control of Nanfu Battery, they even wanted to keep a low profile when doing things in China, so they hurriedly sent senior executives from the Chinese region to contact the relevant personnel of the local government.It's better to suppress such a thing, otherwise it will be bad for everyone.As for the local officials, of course they know that this matter cannot be exposed, and everyone is working hard to suppress the local media from reporting it.On the one hand, the officials didn't dare to go home for half a month with a guilty conscience!I'm afraid that some employees of Nanfu will come to his house, block the door and call him a traitor and traitor!Then, after two years of such a thing, the reporter surnamed Ye knew about it, and also happened to discover the usefulness of such a self-media, so he simply chose to speak out on such a platform to bring it down!

Reporter Ye's revelation immediately caused a huge repercussion in China!Jia Hongjian, who was already ready to leave for the United States to welcome the release, was still paying attention to such a thing when he arrived in the United States!What kind of huge response did this cause?First of all, as a media such as China Satellite TV, it rushed to Nanping first, and directly questioned what the officials who handled it back then thought!The official faltered, he knew that this matter would happen, but now when he saw the reporter from China Satellite TV, he rushed over aggressively.I was already feeling guilty, but at such a time, I am naturally even more guilty!Then the official faltered and hawed the reason he thought up on the spur of the moment that even a three-year-old child could not be fooled.At that moment, the common people were almost out of anger!

Such an official said that after the introduction of foreign capital, Nanfu was guided by international giants.The development is very rapid, and it is on the right track.But when the camera turned, the reporter from China Satellite TV interviewed the now retired chief engineer who led Nanfu to introduce a professional alkaline battery production line from Japan in the late 80s. As a result, the chief engineer directly said that Morgan Stanley was a fart!It didn't help Nanfu at all, and restricted Nanfu everywhere!For example, Nanfu has long wanted to research lithium batteries. As a result, Morgan Stanley restricted everywhere and did not allow lithium battery business at all. Nanfu was only allowed to do business in alkaline batteries and nickel-metal hydride rechargeable batteries! "If Morgan Stanley hadn't made trouble, would Biyadi be the leader in the domestic lithium battery market now? Back then, we had to research and develop earlier, so where would there be Biyadi?"