Chapter 836: Complete Acquisition
On November 4th, Vice Chairman Ma of Fuhua Technology Co., Ltd. and a delegation sent by the head office of Fuhua Technology Co., Ltd. officially arrived in Linhai City.
And after meeting with Liao Zhiyong, on the one hand, the cooperation between Thunder Technology Co., Ltd. was launched, and on the other hand, it was a rapid start to carry out the equity transfer of Lingfeng Power subsidiary and the reintegration within the company.
Today, the subsidiary of Lingfeng Power has been directly controlled by Fuhua Technology Company, and the chairman of Fuhua Technology Company has become the new chairman of the subsidiary of Lingfeng Power.
Even Fuhua Technology isn't just satisfied with that.
Although the Lingfeng Power subsidiary has become one of the subsidiaries of Fuhua Technology Company, the board of directors of Fuhua Technology Company knows very well that the Lingfeng Power subsidiary is the first step for the entire Fuhua Technology Company to complete the transformation, so if possible, Fuhua Technology Company would like to completely acquire all the shares of the Lingfeng Power subsidiary.
In fact, several other directors of Lingfeng Wind Power subsidiaries did not mean to refuse too much.
Because several shareholders of Lingfeng Wind Power Subsidiary also know very well in their hearts that once a son of heaven and a courtier, now, it is no longer the era when they follow behind Zhang Feng.
Next, Fuhua Technology Co., Ltd. will definitely carry out a thorough reshuffle of the personnel system within the entire Lingfeng power subsidiary, and their directors will gradually lose their power.
And now, the equity of Lingfeng power subsidiaries has undergone such huge changes, and even the entire Lingfeng power subsidiary has also experienced extremely huge problems, so that the asset valuation of the entire Lingfeng power subsidiary is also declining.
Therefore, after Vice Chairman Ma of Fuhua Technology Company put forward his own idea, more than half of the shareholders of Lingfeng Power Subsidiary did not hesitate to directly sell their shares to Fuhua Technology Company at the same discount ratio.
In fact, such an intention, as early as a day ago, when Vice Chairman Ma had not yet arrived in Linhai City, the two sides had already communicated once, and the basic intentions had been determined.
Because several shareholders of Lingfeng Power Subsidiary are very aware that if they continue to wait, the value of Lingfeng Power Subsidiary's shares will continue to compress.
It won't make any sense to them at all if they keep going.
It is better to sell your shares to Fuhua Technology Company as soon as possible, so that you can find another way.
On November 4, the day Vice Chairman Ma arrived in Linhai City, Chairman Ma Fu personally contacted several directors of Lingfeng Power Subsidiary and signed a valid contract.
That is, from this day on, 85% of the shares of Lingfeng Power subsidiary have fallen into the hands of Fuhua Technology Company.
The remaining 15% of the shares are in the hands of four shareholders.
In fact, these four shareholders have agreed to sell their shares to Fuhua Technology Company.
It's just that these four shareholders were originally the top managers of Lingfeng Power subsidiary.
After the entire Lingfeng power subsidiary is incorporated into the system of Fuhua Technology Company, it still needs to carry out a series of changes, and it also needs the assistance of these senior managers.
Therefore, there is no formal contract for the time being, but the two parties have agreed that once they complete the internal reform of the Lingfeng power subsidiary, then they will also sell their shares to Fuhua Technology Company at a slightly higher price.
In this way, Fuhua Technology has actually completed the acquisition of the entire Lingfeng power subsidiary.
In the process of acquisition, Fuhua Technology Company actually took a great advantage.
The overall asset valuation of the original Lingfeng power subsidiary was as high as 12 billion yuan, but after experiencing huge fluctuations within the company, especially after Zhang Feng, the original chairman of the Lingfeng power subsidiary, sold 60% of the shares at a price of 4 billion yuan, the asset valuation of the entire Lingfeng power subsidiary was actually only less than 7 billion yuan.
It's just that the last remaining 15% of the shares, because of the need to increase part of the price, finally acquired all 100% of the shares of the entire Lingfeng power subsidiary, which just consumed a full 700000000000 yuan of Fuhua Technology Company's funds.
And this can also prove the determination of Fuhua Technology Company in the strategic plan of this overall transformation.
I have to say that the board of directors of Fuhua Technology Company does have the courage and determination to make Chen Pingdu look sideways.
Although before this, the overall corporate system of Fuhua Technology Company seemed a little pedantic, but after the completion of the transformation, Chen Ping is very confident that the future development prospects of Fuhua Technology Company are still extremely good.
Being able to carry out all-round cooperation with such a vigorous company, Chen Ping's heart can also be more assured.
In the next period of time, the most important thing for Fuhua Technology Company to do is to completely pocket the Lingfeng power subsidiary.
By that time, dozens of large and small factories controlled by Lingfeng's subsidiaries will become the property of Fuhua Technology Company.
The most coincidental thing is that the factories originally controlled by Lingfeng Wind Power Subsidiary have now been emptied of all production materials by the Cyber Security Department of Pingyu Group.
That is to say, although these production lines have been used for a period of time, in terms of production materials, they are like some new production lines, and they only need to be re-entered in terms of production materials and some minor changes to the production line before they can be put into use.
Of course, the types of mobile phone accessories that can be produced by these factories of Lingfeng Feng's subsidiaries are not too many, and some production lines even need to be sold directly for large-scale replacement.
To accomplish all this, at least more than 1 billion yuan needs to be invested.
However, for these capital investments, Fuhua Technology Company seems to have no care, and has made all preparations without saying a word.
On the other hand, Fuhua Technology Company is even constantly selling off the company's various assets.
Originally, Fuhua Technology Company was an electrical brand company, and there were dozens of types of electrical appliances developed by Fuhua Technology Company.
Next, Fuhua Technology Company is going to carry out a complete transformation, so the original research and development data on all aspects of these dozens of electrical appliances have become useless.
In addition, Fuhua Technology Company also has a large amount of goods piled up, which need to be sold in a short period of time.
The reason why Fuhua Technology Company needs to pay a great price in the process of transformation is actually because of the great consumption it needs to bear in the process of selling these assets.
However, correspondingly, as long as all these assets can be sold in a short period of time, then Fuhua Technology Company will also obtain a large amount of astronomical cash flow.
This fund can be used to acquire mobile phone accessories production companies, and even replace production lines and a series of other matters.
This is the key to completing the transformation as quickly as possible.
For this degree of courage shown by Fuhua Technology Company, almost all other companies that are related to Fuhua Technology Company, and even all companies in the entire industry are dumbfounded.
No one expected that Fuhua Technology Company would be able to make such a huge determination, not hesitating to lose tens of billions of assets, but also to complete this thorough transformation in the shortest possible time and at the fastest speed.
According to Fuhua Technology's internal estimates, it will take about 40 billion to 60 billion yuan to complete this transformation, and the time it takes is between one month and three months.
After all, there are many uncertainties.
Even Fuhua Technology itself has no way to estimate the most accurate time.
But in any case, the large-scale transformation of Fuhua Technology Company has been carried out thoroughly.
During this period of time, after the acquisition of Lingfeng Power Subsidiary by Fuhua Technology Company, all the production lines of the entire Lingfeng Power Subsidiary can be officially put into production in a short period of time.
On the other hand, Thunder Technology Co., Ltd. also needs to contact more partners, and both parties need a certain buffer time.
So although it seems that the first smartphone developed by Thunder Technology Co., Ltd. is ready to be put on the market, it will actually take at least half a month to a month to wait for the first real smartphone on the production line to be produced.
And this time is enough for both parties to prepare in the early stage.
In terms of production, Thunder Technology Co., Ltd. has contacted several large and small companies, including Fuhua Technology Co., Ltd., but this alone is far from enough.
After all, anyone can imagine that after the first smart phone developed by Thunder Technology Co., Ltd. is officially put into the market, it will definitely cause an extremely huge sensation, and the sales volume of mobile phones will also increase geometrically over time.
At that time, it was simply impossible to support such a large-scale production of Thunder Technology Co., Ltd. just by the cooperation between these several production companies.
The most important thing is that Thunder Technology Co., Ltd. and Xingyu Game Trading Website Co., Ltd. each need to build its own production line.
After all, after all the mobile phone parts are gathered, Thunder Technology Co., Ltd. needs to assemble the hardware, and Xingyu Game Trading Website Company needs to install the software.
Both of these require their own production lines.
However, fortunately, there are many large and small electronic accessories production companies in Linhai Province, as well as other various types of production companies.
With only a certain amount of investment, the two companies were able to complete the construction of the production line in the shortest possible time.
For Thunder Technology Co., Ltd. and Xingyu Game Trading Website Company, the financial aspect is actually not any problem at all.
Especially Thunder Technology Co., Ltd.
The original Thunder Technology Co., Ltd. can only be regarded as a small and medium-sized company, and the overall assets do not exceed 200 million.
However, in just a few days, Thunder Technology Co., Ltd. has been extremely strong in terms of capital by virtue of the technology of smartphones in hand.
After all, Thunder Technology Co., Ltd. has the complete production technology of the first smart phone, and such a production technology, placed in any corner of the world, is an unparalleled killer.
If you want to carry out all-round cooperation with Thunder Technology Co., Ltd., the first thing you need to agree to is the deposit proposed by Thunder Technology Co., Ltd.
It is precisely for this reason that Chen Ping has sighed more than once that technology is the primary productive force.
Hundreds of smartphone parts, large and small, need to be distributed to dozens of different partners for production.
Nowadays, although only a few production companies have confirmed the cooperative relationship with Thunder Technology Co., Ltd., each production company needs to pay a certain deposit if they want to get the detailed production materials provided by Thunder Technology Co., Ltd.