"Invest in Xinke?"

Hu Wenhai nodded in surprise and said with a smile: "Okay, no problem." Pen, fun, pavilion www. biquge。 info”

"ST Group's business covers China, the United States, Japan and the Soviet Union, and its business areas include not only electronics and telecommunications, but also finance, machinery, power, chemicals, international trade, shipbuilding, aviation, energy and power, as well as entertainment, film and television. Fixed investment assets of at least US$40 billion. With a net profit of $8.2 billion last year, it has extensive access to high-level Chinese and Soviet governments, a wide range of visibility around the world, and development projects that are highly favored by competitors. According to international business practice, have you calculated how much the acquirer will pay for tangible and intangible assets and a premium for future prospects? How much do you plan to spend on each of the five major telecommunications companies? How many shares will you take to acquire my new branch?

Hu Wenhai's words can be described as domineering, but Jude Law and the four people around him were full of cold sweat when they heard it, but they couldn't refute a word.

Philips, Siemens, Ericsson and Alcatel and Nokia are undoubtedly feared giants of multinational corporations.

However, their embarrassment, like Qualcomm, is not at least a decade later.

For example, after the establishment of the GSM Alliance, Nokia, which could not die with mobile communications, simply withdrew from mobile phone manufacturing, and Ericsson, which was very nourishing and alive solely on the basis of technical licensing, and merged Lucent's Alcatel with a single leg hair, all of which are their ultimate forms.

And the current five major communication providers have not finished fighting the boss of the GSM Alliance, and they are just a guild player who is at full level but is playing equipment.

In the face of the legendary equipment of the new technology group, which has already won the final boss of an expansion film, it is actually just watching bluffing.

There are many people who want to buy the new technology group, as long as Hu Wenhai relaxes, he can go from Niagara to Reichenbach.

However, the ST Group is already heavily embedded in the Chinese economy, and even if the state agrees to foreign investors to buy two barrels of oil, it is unlikely that foreign investors will be allowed to control the ST Group.

Whether in terms of capital or policy, it is impossible for the five major European telecommunications providers to achieve such a goal. Even if they insist on subduing the new technology group to bow its head, the Chinese government will inevitably be furious, and it is difficult for them to not want the Chinese market?

Jude Law and the others blushed, and hurriedly waved his hand and shook his head: "Mr. Hu Wenhai misunderstood, I can't express it clearly, what we mean is that we hope to be able to invest in the branch of ST Group that has mastered mobile phone technology." ST Electronics has been listed on the Shanghai Stock Exchange, but it has never opened up the conditions for foreign investment, which is not a wise policy for China's reform and opening up. ”

Hu Wenhai couldn't help but shrug his shoulders when he heard this: "You also know that what happened the year before last had a great impact on the future. Chinese officials are now very sensitive to the areas where foreign investment enters, and we cannot afford the harm of opening up the financial sector. ”

"Of course, but we can buy shares that are not sold to the public. ”

"We just hope that in this way, we will have a certain say in the mobile phone market. Alcatel's Adrian finally found an opportunity to interject.

He stared at Hu Wenhai's eyes and said, "We opened the European market to the ST Group, and the ST Group opened up the manufacturing technology of mobile phones to us. Although it seems that the share of revenue is decreasing, in fact, the revenue will increase due to the expansion of the market. ”

Nokia's Mason sighed: "We don't need much, 6% of each company is acceptable." ”

"Yes, 6% of the shares, we are just to be able to not fall behind at the level of mobile phone manufacturing. ”

Of course, things are not as simple as they say, and the five major communication equipment manufacturers will not really be so pitiful.

It is true that the stake in Xinke Electronics does not want to lag behind China too much, but on the other hand, as long as it does not lag behind in technology, Xinke will have no advantage in two or three years.

In terms of heritage and market ability, Xinke is still too far behind. Don't look at the temporary advantage now, but if you can't turn the advantage into victory in two or three years, you will be caught in the protracted war of these European communication manufacturers.

At that time, they will rely on the unique business environment in Europe to digest Xinke's mobile phone technology, not only to regain the European market, but also to fight back and seize the global market with technological advantages.

Hu Wenhai's face was a little serious, and he didn't show his mouth at all under their offensive.

In order to calm the inflation caused by the price barrier the year before last, ST Group had issued 49% of the shares of ST Electronics on the Shanghai Stock Exchange.

At present, the shares of ST Electronics that are still in the hands of ST Group are only 51%. If it were to be acquired from ST Group, a 30% stake would immediately make Europe's five largest telecommunications manufacturers the de facto controlling stake.

Due to restrictions on foreign capital access to financial markets, shares of ST Electronics are now dispersed among large retail investors. Unless there is a general meeting of shareholders, the management of this part of the stock is effectively delegated to the board of directors.

If the non-tradable shares are sold to them, the board of directors will inevitably be controlled by the Big Five.

In the case of targeted share expansion, although the shares that can be grasped by Xinke still have advantages, it will inevitably face serious challenges.

Hu Wenhai groaned slightly, shook his head, and said, "What if I still can't accept this request?"

Jude Law said categorically: "Then the five of us will join forces to launch a boycott against the new technology group." ST Group will no longer be able to purchase any products from our five companies and will not be able to license any patents from us. ”

Hu Wenhai couldn't help frowning.

Although the use of CDMA technology in ST mobile phones does not mean that the opinions of the five major European communication manufacturers can be disregarded.

Some products are still imported from abroad, and some patents also need to be authorized from the GSM Alliance.

For example, nine of Nokia's 13 GSM-based patents were later inherited by the European-led WCDMA consortium. Of Alcatel's 10 patents, 5 have been inherited into the WCDMA standard.

Although these patents are in the GSM Alliance, they are also an indispensable part of mobile phones, base stations, services and other systems.

Like audio coding, base station architecture, service system, RF IC and mobile phone keyboard, these patents are held by European communication companies, and it is not impossible to bypass them, but they definitely outweigh the losses.

If this situation is really faced, it will be a lose-lose situation for the current technological leader Xinke and Europe, and no one will be the final winner.

"We have no intention of provoking such a brutal confrontation, it will not do us any good. ”

Jude Law advised: "Cooperation is the best choice, and we, as businessmen, should prioritize profits." ”

Hu Wenhai pondered for a moment, frowned and gritted his teeth, but finally shook his head resolutely in the surprised eyes of the five people.

"ST Electronics absolutely can't, and even if I agree, the government won't approve this plan. You know, ST Electronics does not only have the industry of mobile phone communication. ”

As a listed company, Hu Wenhai actually injected a lot of high-quality assets into it in order to support its market value and absorb private savings.

Not to mention the mobile phone business, the current use of the new branch program switch business, pager service system, as well as the domestic lifeline of the new branch wafer factory, these businesses are actually in the hands of the new technology electronics.

Just for the sake of the lifeblood of the domestic semiconductor industry, the state will not allow ST Group's shareholding in ST Electronics to be reduced to less than 51%.

Just when the five of them were a little depressed, Hu Wenhai suddenly continued.

"But I have a new idea, and maybe you'll be interested in it too. ”

"What thoughts?"

Hu Wenhai said with a smile: "By establishing a new company, Xinke can inject mobile phone-related technology into this company. But at the same time, you must also inject the patents related to the GSM standard into this company. ”

"This ......"

"But a large part of the GSM standard patents are in the hands of Motorola. Jude Law hesitated.

Hu Wenhai laughed when he heard this, shook his head with a smile and said, "I have known Motorola for a long time, and I believe I can persuade them to join." ”

Seeing that they were still a little hesitant, Hu Wenhai simply threw out the trump card: "Xinke can add CDMA technology and Xinke mobile phone technology to this company, and the shares required by Xinke Group are only 40%." The remaining 60% of the shares can be held by you and Motorola respectively. ”

Hu Wenhai's proposal can be said to be very sincere, CDMA is not only a standard that can compete with GSM, but also a technology that will inevitably be used in the next generation of wireless communication. Injecting ST's CDMA technology into the new company is equivalent to taking out the food in your bowl and sharing it with everyone.

The injection of CDMA technology alone is already worth at least 40% of the value of this new company, not to mention the technology of Xinke mobile phones, which is indeed impossible to refuse.

Jude Law and the other four looked at each other, and they all felt a little difficult to ride.

Their original plan was to take a stake in ST Electronics, and now it is replaced by a new company, although the technology can also be obtained, but the calculation of entering the internal influence of ST Electronics is completely frustrated.

But if you don't agree, Hu Wenhai's proposal can be regarded as taking care of their interests very well, and if it is overturned in this way, the wolf's ambition will be too obvious.

It doesn't work on the left or right, and it's really a bit embarrassing.

"This situation is beyond my decision, and I need to be reauthorized by the company. I'm sorry Mr. Hu Wenhai, but I'm afraid I can't give you an answer right away. ”

"Me too, so we have to re-evaluate the value of this new company, and we can't draw conclusions right now. ”

"Well, I guess you can't jump to conclusions now. ”

Hu Wenhai nodded and said with a smile: "It's okay, the Asian Games have just begun, and everyone can enjoy the upcoming show." ”