Chapter 0607 - Markup Competition

The next day, that is, on Monday, July 17, 1995, the extraordinary general meeting of shareholders of Wix Group, which has attracted much attention from the international automobile industry, was held at the headquarters of Wix Group.

The convening of this shareholders' meeting will be directly related to the fate of Rolls-Royce, whether to merge into Tianming Automobile Company, or accept BMW's offer, and the two sides will continue to compete in quotations.

It can be said that this incident has attracted the attention of almost the whole world. Early in the morning, at the entrance of the headquarters of Wix Group, reporters from news media from Europe and the United States gathered at the gate, ready to follow up and report on the results of this shareholders' meeting at any time.

The British BBC TV has obtained the exclusive right to broadcast the shareholders' meeting of the Weeks Group, and will use a special time to broadcast the shareholders' meeting, and will also invite two well-known automotive industry commentators to be guests of this program to analyze and evaluate the shareholders' meeting.

"As we all know, at 9 o'clock this morning, the much-watched Rolls-Royce acquisition will be decided at the extraordinary shareholders' meeting of the Weeks Group.

"There is no doubt that the outcome of this shareholders' meeting will be the announcement of the acceptance of BMW's offer of one billion marks, which is certain. One of the commentators replied.

"Yes, handing over this right to the shareholders' meeting is really just a formalism on the part of the Wix Group. After all, before this, Mr. Williams, the chairman of the group, had reached a preliminary acquisition agreement with Tianming Automobile Company, and if he directly accepted BMW's offer, it would also be a great weakening of the credibility of Williams and the Weeks Group. Another commentator followed.

"Since both of you believe that the Wix Group will accept BMW's offer, how do you think Tianming Automobile will react?" the moderator nodded and continued to ask.

"I don't think Tianming will win this Rolls-Royce race. There are two reasons, first, from the scale and financial strength of BMW and Tianming, Tianming is completely at a disadvantage, and if the final competition evolves into price competition, Tianming Automobile Company has no chance of winning. Second, if we carefully study BMW's holding subsidiary, we will find that Rolls-Royce Aero Engines, which is of the same origin as Rolls-Royce Motor Cars, is directly controlled by BMW. ”

"Zhou Jingming of Tianming Automobile Company is not a reckless person, he should be able to see the whole thing very thoroughly, so I think that once the shareholders' meeting of the Wix Group announced its acceptance of BMW's offer today, Tianming Company will definitely announce its withdrawal from this acquisition competition. ”

"I don't agree with you. As soon as the commentator's words were finished, another guest directly retorted, "On the contrary, I think that Tianming Company will not give up this acquisition of Rolls-Royce, but will compete with BMW to the end, looking back at the Rolls-Royce acquisition, we will find that Tianming Company must be prepared, so I think Tianming Company must be able to anticipate that other companies will participate in the competition, and if the first offer fails, there will definitely be a second offer." ”

The guest paused, then continued, " In addition, when it comes to the company's financial resources, I need to remind you that Tianming Automobile Company is definitely not alone in this Rolls-Royce acquisition, since you just said that Zhou Jingming is not a reckless person, then I boldly speculate that Zhou Jingming must have received the support of the Chinese banking system before the official offer to acquire Rolls-Royce, don't forget, the Southeast Asian market competition back then, there is the Industrial and Commercial Bank of China behind it, that is to say, BMW is facing the competition, it is likely to be the competition of the entire Chinese banking system!"

"Finally, from BMW's point of view, the acquisition of Les-Royce must have the largest budget, and they will not compete on price because of a company that is about to go bankrupt, and they will not affect the global layout of the BMW Group because of this matter, so I think that one billion marks is probably the highest offer of BMW!"

…………

At the same time that the BBC TV commentators commented on and analyzed the matter, the shareholders of the Weeks Group led by Williams also began to enter the meeting one after another, and Williams's appearance immediately caused the reporters at the door to besiege them.

"Mr. Chairman, can you tell us about the specific agenda of today's shareholders' meeting?"

"It is rumored that this shareholders' meeting is just a passing scene, and the final result must be that the Wix Group accepts BMW's offer, do you have anything to say about this?"

…………

"The general meeting of shareholders is about to begin, and all the results will be subject to the resolution of the general meeting of shareholders, please wait and see. Williams just said this lightly, and then walked into the conference site under the escort of the on-site security personnel.

The time was quickly fixed at 9 o'clock in the morning, and the shareholders' meeting of the Wix Group officially kicked off, and all the audience in front of the TV at this time were staring wide-eyed, ready to witness this historic moment, including Zhou Jingming and Ma Xudong and other representatives of Tianming Company, as well as Volkswagen PiΓ«ch and others who paid close attention to this matter.

"Shareholders, the reason for convening this general meeting of shareholders today, I believe we all already know, it is a great honor for our group's Rolls-Royce Motor Cars to be favored by both Tianming Company and BMW two very powerful companies, in view of the fact that we have reached a preliminary agreement with Tianming Company, in order to give Tianming Company a fair answer, today will be decided by the shareholders of Rolls-Royce Motor Cars bravely is the final ownership, please speak freely. Williams stood on the podium and said to the shareholders below.

"If there is anything to discuss, it is naturally the one with the highest price who gets it. ”

"That is, we invested in the Wix Group, not to be a philanthropist, if Tianming Company does not raise the offer, it will definitely be BMW to win this competition. ”

…………

Zhou Jingming, who was sitting in front of the TV, looked at the speeches of these shareholders with a solemn face, and sure enough, everything was just as he expected before, and the only factor that shareholders considered was the amount of acquisition funds.

The general meeting of shareholders is still ongoing.

Williams, who was standing in front of him presiding over the meeting, couldn't help frowning, although there were also many people who supported the sale of Rolls-Royce to Tianming Company in accordance with the previous agreement, but these people had very few shares, especially those who opposed this proposal, and there were two major shareholders, as long as these two major shareholders did not agree, Weeks Group had no way to sell Rolls-Royce to Tianming Company.

"Okay, everyone be quiet, since the shareholders disagree, then we will come to a conclusion by voting, agree to sell Rolls-Royce to Tianming Company for 500 million US dollars, put the votes in their hands in the red box, agree to accept the offer of BMW and postpone the transaction with Tianming Company, put the votes in the green box, and the voting will start now. ”

Williams pointed to the two ballot boxes in front of the rostrum and said solemnly.

…………

"Old horse, prepare all the materials, and we will increase the price in a while. After Williams announced the start of voting, Zhou Jingming said.

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