Chapter 403: A Golden Opportunity

"Ding-dong......"

Putting down the phone, Hu Yang lay on the bed reading a book, and after about half an hour, the doorbell rang suddenly.

He looked at his watch, it was already past ten o'clock in the evening, and he didn't know who would come looking for him.

Turning over and getting out of bed, Hu Yang walked to the door and heard someone whispering outside. He saw Lin Yan, Li Jie and Chang Sheng standing in the aisle through the cat's eyes.

"Mr. Hu, I'm sorry to disturb your rest. I had just come back from outside, and seeing that it wasn't too late, I came over and rang the doorbell. ”

When Chang Sheng came over to ring the doorbell, Lin Yan and Li Jie were still on duty. The two of them lived in two houses diagonally opposite the poplars, especially Li Jie, who kept the door open and kept an eye on the movement in the hallway.

Therefore, as soon as Chang Sheng came over, the two walked out of the room separately, and Lin Yan told him that Mr. Hu might have rested.

Chang Sheng realized that he might be a little reckless, and just wanted to leave, Hu Yang opened the door.

"Mr. Chang, I didn't go to bed so early, I just lay there reading a book. Come, please sit in the house. Assistant Lin, Applejack, go back to the house and rest. ”

Hu Yang smiled and invited Chang Sheng into the house.

Li Jie turned around and returned to his room, Lin Yan took two bottles of drinks and put them on the small tea table, and then retreated.

"Mr. Hu, I plan to sign a procurement contract with Dongfang Technology tomorrow, and in the future, our Ark computer will use their display devices. However, the TFT-LCD display device of Oriental Technology is still technically flawed, and I only plan to purchase some laptop display devices in moderation, and the missing part has to be purchased from Samsung. ”

Chang Sheng felt that the TFT-LCD display device of Dongfang Technology had a big gap with his expectations, and he was not good at saying anything at the time, so he decided to reduce the number of laptop display devices purchased.

This time, he came to the imperial capital with Hu Yang, and Dongfang Technology also gave the Ark Computer the biggest discount. Therefore, Chang Sheng felt that before signing the contract, it was necessary to discuss with Populus Hu, otherwise it would be easy to offend people.

Hu Yangleng was stunned for a few seconds, but Mu Shaoqing told himself that Chang Sheng was quite satisfied with the products of Dongfang Technology, but he didn't expect that there would be these inside information.

Of course, Populus euphratica does not mean to blame Chang Sheng. Any company will pay attention to its own brand and product quality, it seems that the notebook display devices of Oriental Technology do not meet the requirements of Changsheng.

"Mr. Chang, you just have to make up your mind about this matter. I'll explain one or two things to Mr. Liu and Mr. Mu when I go back, they won't have too many ideas. ”

As the saying goes, there is no harm without comparison. Now it seems that the gap between Dongfang Technology and Samsung and LG in the field of TFT-LCD is really not small.

Hu Yang knew that Chang Sheng was worried that he would be difficult to do in the middle, so he smiled and told the other party that he didn't have to think too much.

"Okay, thank you Mr. Hu, I've caused you trouble again. Then let's do this first, don't disturb Mr. Hu, you rest, and we'll talk when we're free tomorrow. ”

Chang Sheng got up and said goodbye with a very good look and went back to his room.

Following.

Hu Yang took Lin Yan and others, accompanied by Mr. Liu and Mu Shaoqing, to inspect the office area and factory area of Dongfang Technology.

At present, it is CRT display devices that can bring profits to Oriental Technology Company, and this kind of desktop display still occupies the mainstream of the market for the time being. The company's CRT business has always been the first in the domestic market share, contributing huge profits to the company.

It's just that in terms of TFT-LCD display devices, Dongfang Technology is a latecomer, and in the face of technical patent barriers from giants such as Samsung and LG, the road to research and development is arduous and tortuous.

Hu Yang knows very well that CRT display devices still have good profits, but they will soon be replaced by liquid crystal displays (TFT-LCD).

"Mr. Liu, Mr. Chang told me yesterday that he would come to the company today to sign a procurement contract. He is very satisfied with the CRT display devices of the whole machine, and all the CRT display devices of Ark Computer will be purchased from Dongfang Technology in the future.

However, Chang always feels that the company's TFT-LCE display devices still have some flaws, such as chromatic aberration and polarization rate. ”

Hu Yang has something to say, this kind of thing doesn't need to be too tactful.

Mr. Liu glanced at Mu Shaoqing, and then said with a little embarrassment: "Mr. Chang's opinion is true, we are still students in the field of TFT-LCD, and we are indeed not good enough in many aspects.

Hey, in fact, we have been investing a huge amount of money in technology research and development, but unfortunately many technical paths have blocked the patent barriers of Samsung and LG. However, there has been a good opportunity recently, otherwise why am I in such a hurry to raise funds?"

With Mr. Liu's narration, Hu Yang figured out what was going on.

It turned out that South Korea's Hyundai was burdened with heavy debt, and in order to preserve its core semiconductor business, it had to reluctantly abandon its TFT-LCD business, which has good profit potential, and planned to sell its subsidiary HYDIS to save the company's cash flow crisis.

This is an excellent opportunity for Dongfang Technology. It's just that there are many international companies staring at this piece of fat, and who can win the competition in the end is strength, and to put it bluntly, it is capital.

This is similar to the principle of participating in an auction, and the one with the highest price of a good asset wins.

"Mr. Hu, I have just been in contact with Hyundai, and I have not yet made up my mind to formally propose the acquisition plan. Originally, the company was going to hold a board meeting to discuss this matter this month, and it happened that Mr. Hu and you came. Why don't we go to the conference room now? ”

Mr. Liu's talk about financing yesterday was just an introduction, and the acquisition of Hyundai's TFT-LCD business was the top priority.

In order to prevent Hu Yang from vetoing this plan, Mr. Liu is still in a state of secrecy for the time being, and even Mu Shaoqing does not know about it.

Of course, Mr. Liu and Hyundai HYDIS have only had a little contact, and the acquisition plan has not yet taken shape.

Hu Yang glanced at Mu Shaoqing, the other party nodded slightly, and Hu Yang said with a smile: "Okay, Mr. Liu, Mr. Mu, let's go to the conference room together." ”

Several people walked into the conference room and sat down, and Mr. Liu asked the secretary to bring some materials and distribute them to everyone.

Through these materials, Hu Yang learned that Hyundai's TFT-LCD business sold includes all the intellectual property rights of Hyundai's subsidiary HYDIS (TFT-LCD application technology, design technology, manufacturing technology, etc.) and its team, as well as the company's international market share and sales network in the TFT-LCD field.

"Mr. Hu, according to preliminary estimates, if you want to successfully acquire HYDIS, you need to raise about 400 million US dollars. But now the company simply can't come up with that much money. ”

Mr. Liu was very depressed, don't look at his own name as Liu Jin, but now he can't make so much money.

At present, the additional issuance plan of Dongfang Technology has not been approved by the regulatory authorities, and he has also talked about bank loans, but no bank is willing to lend him such a large amount of money.

As for Hu Yang's application for the issuance of H shares, it is far from being able to solve the fire, and it is simply too late.

The poplar didn't squeak, the fingers of his right hand lightly clasped the conference table, and his mind was racing.

Hyundai's sale of the TFT-LCD business of its subsidiary, HYDIS, is undoubtedly a once-in-a-lifetime opportunity for Dongfang Technology. This is comparable to the original purchase of Toshiba Semiconductor's related technologies by Charm Technology, which can allow enterprises to quickly achieve technological breakthroughs.

But how to solve the problem of funding?

"Mr. Liu, I have an idea, if you want to raise such a large amount of money as soon as possible, it is better to go to Xiangjiang to issue corporate bonds. The process of issuing bonds is relatively simple, and it can be completed within a month. At the same time, you are actively preparing materials and doing a good job in the preliminary work for the issuance of H shares. ”

Hu Yang thought about it and came up with a compromise solution. That is, walking on two legs, first issuing corporate bonds, and then applying for the issuance of H shares on the Stock Exchange, and after the successful issuance of H shares, you can repay the debt.

In this way, the acquisition of Hyundai's TFT-LCD business will not be delayed, which can be described as killing two birds with one stone.

"Mr. Hu, I'm not questioning you, but I heard that although the threshold for issuing corporate bonds is not high, there is still a problem, that is, it may not be issued. ”

The interest rate of corporate bonds is not high, and it can be a little higher than the interest rate of banks in the same period, which is not very popular in the market.

Mu Shaoqing couldn't help but ask this question.

"Mr. Liu, Mr. Mu, I am also the major shareholder of the company, and at this critical moment, I should do something for the company. In this case, you should hurry up and prepare for the issuance of corporate bonds, and my personnel in Xiangjiang can also help you. If the issuance of corporate bonds is not satisfactory, I will buy all the leftovers. ”

Hu Yang is not impulsive, he knows that if Dongfang Technology loses this opportunity, it is very likely to lose ten years of development time.

Moreover, at present, there are still billions of dollars of idle funds in the account of Huijia International Investment, and it is better to buy corporate bonds without losing money, which is better than eating interest on the account.

"Mr. Hu, this ...... I don't even know how to thank you enough. You can rest assured, we will seriously impact the listing of H shares this time, as long as the listing is successful, I will pay the debt you purchased as soon as possible. ”

Liu Jin looked a little excited, a major shareholder like Hu Yang is really difficult to meet. This has been several times, and every time Dongfang Technology encounters financial difficulties, it is Populus euphratica that helps.

"Mr. Liu doesn't have to be polite, we are our own people. In addition, in order to raise funds as soon as possible, it is advisable to issue short-term corporate bonds. ”

Hu Yang's meaning is very clear, that is, let Dongfang Technology issue a one-year debt.

"No problem, then let's settle down and issue a one-year bond. Mr. Mu, you go and convene a meeting of relevant personnel and immediately start to implement the matter of corporate bond issuance. ”

Liu Jin immediately made a decision and let Mu Shaoqing take charge of the whole thing.

Hu Yang nodded, and agreed to Liu Jin's arrangement. Mu Shaoqing immediately left the conference room, he needed to break down the task layer by layer.

Liu Jin then called all the company's nominal directors to come to visit, after all, the issuance of corporate bonds is also a major event and requires the approval of the board of directors.

Of course, the board meeting was just a formality, and the shares represented by Liu Jin and Hu Yang were enough to form any resolution.

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