Chapter 14: A New Crisis
In addition to Xie Huaru of Baosteel, the recognized iron lady in the domestic business community, there is also an iron-fisted figure who came to the top, that is, Dong Qizhen from Gree Electric.
As the general manager of Gree Electric Appliances, Dong Qizhen led Gree to catch up all the way in the field of air conditioning, first surpassing the original overlord Chunlan Air Conditioner, and later leaving Haier and Midea Air Conditioner behind, becoming the leader of the domestic air conditioning industry.
This strong woman, who is neater than a man, broke into Han Hao's office directly without an appointment today.
As the vice chairman of the Federation of Industry and Commerce, Han Hao's relationships in the domestic business community are all over the country, and he naturally has a friendship with Dong Qizhen. However, the two sides did not cooperate in business, but they discussed the future of Chinese business together at the meeting. In terms of adhering to the development of independent brands, the two have a consensus, believing that R&D is the key for Chinese to catch up with foreign counterparts.
"Miss Dong, if you need help with something, just call directly, you don't have to visit in person. β
Han Hao asked the secretary to go out first, and then made a cup of tea to appease the uninvited guest.
When she was in the Federation of Industry and Commerce, someone called Dong Qizhen "Sister Dong", and she choked on the spot and said "I'm not that old" to go back, so everyone agreed to call her "Miss Dong".
"I'll tell you the truth, I just came out of the complaint from the Nanyue Provincial Government, and I rushed to Jiangzhou by plane! Now is the critical moment of Gree's life and death, if I don't go out and fight to break the net, Gree will change the sky!"
After taking a big sip of tea, Dong Qizhen said something that Han Hao didn't expect.
Gree's performance is very good, and most of the air conditioners in the staff dormitory of Zhonghua Group are also purchased from the Gree brand, and the market has not heard of Gree's negative news, Han Hao was a little confused by Dong Qizhen's words.
"The Haizhu municipal government has decided to sell Gree to the Americans, and this news has been hidden from our management. It is said that the agreement has been negotiated, and it is ready to sell Gree to the American Carrier Company for a net asset price of 900 million.
It's really not distressing to sell the cub field, we have worked hard, Gree's sales this year are expected to exceed 13 billion, and the annual profit is close to 900 million. In order to achieve the so-called goal of attracting investment from Fortune 500 companies, the local government plans to sell Gree!"
Talking about the inside story of being sold by the local government, Dong Qizhen scolded angrily.
Gree has always been rumored to introduce strategic investors, but Dong Qizhen has been flatly denied, and the reason is that there is a contradiction between Gree and the local SASAC.
In 1996, Gree landed on the A-share market and became a listed company, and its management relied on dealers and shareholders, and it had the qualifications to play with the major shareholder, the State-owned Assets Supervision and Administration Commission.
The local government has always hoped to introduce well-known foreign enterprises to restructure Gree, and foreign capital has capital and advanced technology, after all, the joint venture brand in the domestic market is more promising. However, the management led by Dong Qizhen was unwilling, and they found that the air conditioning technology was not unattainable when they were OEM for foreign air conditioners, and Gree had the ability to achieve self-evolution and development.
Although China has become the world's factory after joining the TO, with the opening of the country, many people see the gap between domestic brands and the world, and they can't see the future if they develop independently, so a wave of foreign investment was born, and they want to rely on the power of international brands to develop and grow.
"Carrier approached me and was willing to give me an annual salary of $10 million, on the condition that as long as I nodded in agreement with the merger, I would continue to let me take care of Gree as a professional manager in the future, otherwise I wouldn't know that they had reached an agreement privately!
Midea Air Conditioner took Carrier's 280 million and sold 20% of its shares to them. And to Gree, the Americans want to swallow it in one go!"
Dong Qizhen once again exposed the inside story that surprised Han Haodu, you must know that 10 million US dollars is equivalent to 80 million yuan, once it is true, Miss Dong will become a veritable emperor of Chinese workers.
"It seems that Miss Dong, your worth is really expensive, but Gree is under the control of Nanyue, you just said that you went to the provincial government to complain, why did you come to me again?
No matter how you look at it, I can't seem to help much. β
After listening to it for a while, Han Hao probably had an understanding of Gree's current situation, but he really couldn't do anything, and it was not something he could interfere in when it came to the local government.
"When I went to the provincial government, I was looking for a leader to complain, the local government is the majority shareholder and can influence us, but the provincial government can also influence the municipal government, and it really has nothing to do with you whether to sell or not.
I'm looking for you to find a commercial alternative.
Doesn't Haizhu City just want a Fortune 500 company, your China Group has just entered the ranks of the top 500, and Gree will cooperate with you to fulfill the dream of these top 500 officials!
I am against selling to the Americans, an acceptable alternative must be found for them. After I came out of the provincial government, I thought that your Zhonghua Group was the most suitable target. β
At this moment, Dong Qizhen said what she meant, she wanted to find the Zhonghua Group to replace the Americans.
Even if I agree to work with you, local government officials won't believe that there is a future.
Carrier, an American company, could not have imagined that it was merging and selling our Chinese refrigeration company on a large scale, which is really vicious!"
After listening to this, Han Hao fell into thought and said to himself.
The first thought in his mind was that even if American capital began to buy the Chinese market on a large scale.
In the 90s, Asian capital, led by Japan, first came to China and carried out a large wave of capital expansion. Yuchai's investment by Singapore's Hong Leong Group is a typical case.
After China joined the TO in 2001, the strong market vitality made European and American capital begin to pay attention to China. Now it is the turn of capital, led by the US dollar and the euro, to begin a large-scale attack on the city in China. For Carrier, the world's largest refrigeration company, aiming at China's refrigeration companies, is the top three in the industry. Midea air conditioning has been taken by them, Haier also rumored a joint venture scandal, the next is Gree air conditioning, once successful, most of China's air conditioning market is controlled by American capital.
Unexpectedly, Dong Qizhen was very sober, resolutely opposed to the mergers and acquisitions of the Americans, and planned to adhere to the development of national independent brands.
"We can work together on on-board air conditioning, and Gree originally wanted to enter this field. You enter as a strategic investor, and we jointly develop an on-board air conditioning system.
I wanted to sell Gree for 900 million, and I told the secretary in the province that this was a naked traitorous act, that is, a cheap sale of state-owned assets. If you really want to sell it, sell it to the Chinese, you can't be cheap foreigners!
I also said that we must believe that Chinese have the ability to develop their own brands, and blindly worship foreign ideas, for example, the China Group has proved that independent brands can also do well in the automotive field. A well-run national brand has to sell itself for the false name of the top 500, which is irresponsible to the country. Anyway, as a Chinese in Gree, I am working for the country, and I firmly oppose selling to Americans. No matter how much money they give me personally, it can't compare to the benefits that Gree has brought to the country as an independent independent brand!"
dared to give up an annual salary of 80 million, Dong Qizhen's idealistic statement, Han Hao believed that she was from the heart. If it was for her personal benefit, she could close her eyes and nod her head to take the money, and become a billionaire as soon as she turned around.
If China wants to develop and stand tall among the nations of the world in the midst of fierce international competition, it will not be able to stand up without the support of many national backbones with ideals and convictions.
"In the end, how did the secretary reply to you?
Suing the royal court was really a move to spare his life, and Han Hao couldn't help but gossip and wanted to know what the result was at that time.
"What else? Of course, we need to investigate and wait for the notice. Otherwise, I wouldn't have hurried to Jiangzhou to find an alternative.
Han Hao, you are the leader of our Chinese entrepreneurs, if Gree really wants to sell, you can't sit idly by. It's a big deal that I'm working for you better than working for the Americans!"
It seems that Dong Qizhen really regards Han Hao as Gree's savior this time, and at worst plans to hope that Gree will stay in China.
"I don't have $10 million to afford to hire you! But the cooperation of car air conditioning can indeed be discussed. β
Han Hao couldn't help but joke that he had already made up his mind to see if he could help, keep Gree in the country, and stir up the big move of American capital to buy the bottom.
"If you help, I only charge 1,000 yuan in salary, as long as Gree is still a Chinese company." β
Dong Qizhen, who was so anxious and angry, desperately wanted to grab every straw that could go ashore, and her statement proved this.
After getting Han Hao's promise to start cooperation with Gree, Dong Qizhen relaxed a little and prepared to go back. However, she has contacted the media and plans to spread the news that Gree is going to be sold to Americans at a low price. She can't appeal through personal channels alone, so she can only rely on public opinion to help. It seems that she said that she wanted to gamble her life to save Gree, but she was really telling the truth.
The State-owned Assets Supervision and Administration Commission of Haizhu City has the power to remove Dong Qizhen, and once she falls out, she can only leave in the end.
After thinking about it for a while, Han Hao dialed the phone number of his mentor Hu Yiming. The first is to reflect the situation of foreign capital buying China on a large scale, and second, I hope to listen to the opinions of the government's senior staff.
"This situation was considered by the central government when it joined the TO. After all, if we want to integrate into the world, we must open up our huge market to the outside world.
For this reason, the central government has stipulated that foreign capital is not allowed to hold shares in areas related to national security, but it cannot be taken into account in many civilian fields, and this aspect is the price we must bear to join globalization.
During this period, there have been many cases of well-known brands being sold by local governments in China, and most of the takeovers were foreign capital.
The main reason why well-known national brands are frequently sold is that local governments play a key role.
One is to get rid of the baggage. These enterprises are basically controlled by state-owned capital, and the government has the obligation to be responsible for the operating conditions of the enterprises and the employment and welfare of workers. If it is sold, the government can not only recover the investment, but also get rid of the burden of the enterprise.
The second is caused by investment promotion. Now that officials are promoted, the key is to attract investment and engage in the economy. The introduction of well-known foreign large enterprises, especially the top 500 enterprises, is a dazzling achievement. Since it is unclear how the future development will be, it is better to sell the enterprise while it has value, and it can also attract international capital investment, killing two birds with one stone.
Third, they are too naΓ―ve and do not really understand the essence of foreign capital. It is hoped that the introduction of foreign capital will obtain the development funds and foreign advanced technology urgently needed by enterprises, and then enter the international market channels. In fact, with the advantages of capital and technology, foreign parties only want to open the Chinese market, and will not help the Chinese to open up the international market. For example, your joint venture brand in the automotive industry is only produced and sold in China, and basically will not be exported. β
After listening to Han Hao's introduction, Hu Yiming said the above words in a tone of hatred for iron and steel.
"There are broad and narrow senses of national security, and we generally talk about narrow aspects, that is, involving military industry, energy, food and other economic lifeline fields. In a broad sense, the scope includes the entire economic scope, once foreign capital controls one of our industries, just like the production of air conditioning enterprises are controlled by foreign capital, in fact, it also endangers our national security.
In the past, we did not attach enough importance to national security in such a broad sense. For example, water resources are not under control, which has led to many foreign investors buying up many of our water plants, and local governments have gained short-term benefits, effectively giving up the national security position.
It's not too late to make amends.
In the near future, our relevant departments will carry out research to patch such policy loopholes as soon as possible. β
After listening to Hu Yiming's explanation, Han Hao knew how to deal with the next challenge.