Coquettish Rebirth

"Of course, everything depends on the future form. If DSI develops better and can develop certain new technologies, it's okay not to sell them." Jia Hongjian concluded his answer to Ye Jing's question with these words.Ye Jing listened to Jia Hongjian's long-winded explanation and told her not to worry about Huaxia Motors going the same way as SAIC. After hearing all this, Ye Jing looked at Jia Hongjian's eyes with admiration.She didn't expect Jia Hongjian to think so much in advance, she didn't expect Jia Hongjian to think of all the problems in advance!Although in Jia Hongjian's words, it seems to be an understatement, he only said that SAIC was not prepared enough, and did not say that Jia Hongjian himself was smarter than others and fully prepared, but in the eyes of Ye Jing, Jia Hongjian This is modesty!In her eyes, Jia Hongjian thought more than others, and prepared more than others, and it was still under the circumstance that no one had much experience in overseas mergers and acquisitions!

Although it is said that Huaxia Automobile has acquired the assets of Luofu before, it can be regarded as an overseas merger and acquisition. Under BMW, the Luofu brand has not produced many cars. BMW is more concerned with the intellectual property rights of such a small car as the mini-cooper.For BMW, the entire Luofu can only be regarded as an addition, and of course people will not care about the development of Luofu itself.Under such a situation, the people in Luofu also have a rough foresight of the future. In addition, when they bought it in those years, the overall market was okay. Even if there are people who have been dismissed, it is not difficult for them to find a job. What a mess.

So to be honest, Huaxia Motors purchased Luofu back then, in fact, it can be said that it was lucky and did not encounter any troubles.It would be a bit bragging to really say that Huaxia Automobile has gained valuable experience from it.In such a situation, Huaxia Auto is actually the same as SAIC and other domestic companies.In fact, there is no practical and useful overseas M&A experience and coping strategies, and there is no direct concept of what troubles will be encountered in overseas M&A and whether it will be unacceptable.In such a situation.When SAIC went to acquire Ssangyong, it was unlucky to encounter landmines, while Huaxia Automobile acquired Saab and so on without encountering problems. The difference is not just luck, at least in Ye Jing's opinion.Jia Hongjian was better than everyone else and made preparations in advance!In the absence of experience, others are still ignorant, but Jia Hongjian can make preparations and plans out of nothing. Isn't this admirable?And to be honest, how many talents are there in a large state-owned enterprise like SAIC? Compared with this, Jia Hongjian really looks too powerful!

Looking at Ye Jing's eyes, Jia Hongjian knew that the girl admired him a lot, as for the overseas mergers and acquisitions of automobile companies.In fact, deep down in his heart, he would not attribute the credit to how awesome and powerful he was—Jia Hongjian was originally a reborn person, and he should be able to predict the future.To be honest, if Jia Hongjian is not a reborn person, if he is really asked to take the company overseas for mergers and acquisitions, he can't guarantee that he will not be hit by a thunderbolt, so if he really wants to merge and acquire, he can only find various investors. If the bank comes to help with the analysis, they can only hire more professional talents to help analyze the acquisition prospects.But as a reborn person, at least for now, he doesn't have to be so professional.Because we are reborn, we actually know the experience of many domestic companies in history after they started overseas mergers and acquisitions, so this made him mentally prepared early, and then he had various plans!

Take the cases of failed acquisitions that have appeared in history.Everything seems so shocking - in history, in 05, China's National Offshore Oil Corporation wanted to acquire Unocal Petroleum Company of the United States, and offered 185 billion US dollars to start a tug-of-war with Citroen, which once gained a huge advantage, but at this time the United States The government stepped in and intervened administratively.In the end, I was stunned to restrict Unocal from selling to Chinese companies!

Then in 2007 in history, after Huawei established a joint venture with 3COM early in Huawei 3com, the joint venture was doing well, but 3COM, the in-law company, was like Wang Xiaoer’s Chinese New Year, and every year was not as good as every year.In 07, Huawei thought it would be better to acquire 3COM, after all, 3COM still had some patents.The shareholders of 3COM were also willing to sell in various ways, but the U.S. government rushed in and stopped it. Later, after limiting the scope, 3COM was acquired by HP with a much lower bid!

If it is said that these were disrupted by the local government of the acquirer, and Jia Hongjian knew that overseas mergers and acquisitions really depend on the faces of the governments of two or even three countries, then our country still has a series of overseas management problems, which Jia Hongjian saw. There are a series of differences between domestic and foreign trade unions!For example, there is a relatively large steel group in our country, which went to Peru to invest and acquire mines. Even as early as 1992, some companies spent 1 million US dollars to acquire some iron ore mines in Peru.If you buy a mechanical processing and manufacturing company overseas, you can also dismantle the production line and ship it back to the country. If the product is produced in China, then there is really no way for a company that produces this resource to leave the local area!We can't move Peru's iron ore back to China, can we?Even if it is going to be hollowed out to transport the iron ore back, it still requires local workers to go down the mine to dig the iron ore!

After our domestic mining companies went to Peru to purchase iron ore, the local trade union executives proposed that since China is a socialist country and a member of the red camp, it is better to increase the number of Peruvian employees according to the model of Chinese socialist enterprises. Welfare.In the eyes of foreigners at that time, China was still a red country like the Soviet Union!And what kind of benefit was the Soviet Union?It's just too good!Although we Chinese seem to have the impression that the characteristics of the Soviet Union are all kinds of queuing. When our country used to take the traditional route, it was all kinds of tickets and all kinds of queuing. But the truth is that the Soviet Union has a much better foundation than our country, so the treatment they give Much better too.When the Soviet Union was still there, every worker was assigned a holiday villa by the state!Every year, you can take your family to the resort area next to the Black Sea to live in a villa, bask in the sun and play by the sea!It can be said that it was because the Soviet Union and other red countries started their careers by relying on the labor movement, so the Soviet Union gave considerable preferential treatment to the working class, and it is this kind of preferential treatment that forced the capitalist countries in the world to give them Greater rights to national trade unions, better benefits for workers!Otherwise, they are also afraid that the common people in the country will be jealous, and after being agitated, there will be a labor movement!

Therefore, in the eyes of Peruvians, since the mine was bought by the Chinese, it is said that it is still a Chinese state-owned company, and China is the third largest socialist country after the Soviet Union and the Warsaw Pact in Eastern Europe. This should be particularly good for workers Bar?And the actual investigation shows that China was really good to workers back then—iron rice bowl lifelong employment system, leaders hated someone but basically had no right to fire someone, they could only be transferred to Qingshui Yamen out of sight and out of mind That's all!Then the housing is distributed free of charge. Although the workers still have to pay rent to the factory every month, the rent is extremely low, only 8-10 yuan a month!Then the proportion of medical insurance and other reimbursement at public expense is quite large, and children can rely on the parents of state-owned enterprise workers to get 50% of the medical expenses reimbursed at public expense!

After investigating this kind of treatment at the Peruvian trade union, why aren't you jealous?Must be jealous!Not much else to say, at least it seems like a house division, at least they are jealous, right?What do Peruvian workers live in?They are all bungalows near the mine!Who would not be happy if there were nearly free housing allocations for everyone to live in?Not to mention medical insurance or something!So the trade unions in Peru tried every means to get the treatment of Chinese workers thousands of miles away!And our domestic iron and steel companies definitely can’t agree like this—brother, the working class in our country has become a big problem, but when you go overseas to invest, you still want the treatment of Chinese workers?If we can give you the treatment of Chinese workers, why do we go to your place to mine after we are full of food, and then transport tens of thousands of kilometers back to China?

Then, the Peruvian trade union will definitely not do it, people are jealous!So a strike was announced.At the end of the strike, our domestic companies could only go to the negotiating table that seemed familiar but unfamiliar, and finally agreed to give each employee a daily wage increase of 2 soles and a one-time subsidy of 9 soles.According to preliminary calculations by Renjia Iron and Steel Company, the direct economic loss suffered by the strike was as high as 570 million US dollars.Even more worrying is that no one has set a specific date for the next strike.It seems that the salary of 351 soles per day is not high, but in fact it was high in those years!Even at the current exchange rate, two yuan can be exchanged for 2 sol. Even at the current exchange rate, a Peruvian worker could earn an extra six or seven yuan a day in 9. Calculated on the basis of 1 days in a month, that is too much. More than 92 yuan!And how much was the salary of Chinese workers back then?Therefore, Peruvian workers have increased so much all of a sudden, for our Chinese steel companies, it has really lost a lot of profits!

According to statistics from McKinsey, in the past 20 years in history, less than 50% of global large-scale corporate mergers have achieved the expected results, while 67% of overseas acquisitions in China were unsuccessful, and unsuccessful acquisitions were often accompanied by With labor disputes.Many Chinese companies have become accustomed to the existence of domestic trade unions in China, and when they encounter trade unions abroad, it is really easy and unaccustomed to the powerful fighting power of the other party!Otherwise, why are foreign companies so willing to come to China to open factories?On the other hand, when many companies in our country go out for mergers and acquisitions, they are not familiar with a standard process, and they don’t know how to ask a third party to come over to check statistics, etc., but think that they can see the general accounts of the other party.It never occurred to him that the other party might make a bad concealment of the accounts, and he never thought that there was a gap between his valuation and his real valuation!

Isn't it easy to fail if you go for mergers and acquisitions without any preparations! (~^~)