Beijing, Quadrangle.

Wang Dongsheng followed behind Shen Si, and from the moment he stepped into the threshold, he was looking at the courtyard curiously.

Song Weiyang's courtyard house is one of the mysteries of the capital's business world, and legend has it that he lives here for half a month every year, cutting off all contact with the outside world to think about business development plans. This story comes from the magazine "China Business Circle", which is estimated to be a copycat from Bill Gates, because there are also magazines in the United States that claim how many days Bill Gates has to retreat in a villa every year.

It's a pity that in addition to the comfortable environment of this courtyard, Wang Dongsheng really didn't see anything unusual.

"Mr. Wang, please take a seat!" Shen Si smiled.

Wang Dongsheng thought he was going to enter the house, but he didn't expect Shen Si to only take him under the grape trellis.

There are some tea sets on the stone table, and there is a small charcoal stove next to it. Song Weiyang came out with a clay pot and said to Wang Dongsheng with a smile: "I forgot where to put this pot of tea, I looked for it for a long time just now." ”

Wang Dongsheng got up and shook hands and said, "Mr. Song is too polite. ”

"Sit!" Song Weiyang bent down to pick up the kettle and began to make tea by himself.

Wang Dongsheng watched quietly throughout the whole process, not in a hurry at all, anyway, Song Weiyang has become a shareholder. Wang Dongsheng does not reject new shareholders, and even his best job is to turn creditors into his own shareholders.

In 1992, Wang Dongsheng was transferred to the 774 factory as the factory director, which at that time had become the most loss-making state-owned enterprise in the capital.

A year later, Wang Dongsheng began to carry out the shareholding reform of the 774 factory. The workers were fooled by him to take out their life savings, raising a total of 6.5 million yuan, and all the arrears of wages were converted into shares.

In 2001, due to the cold winter of the global panel market, BOE fell into huge losses, and even the wages of workers could not be paid. But BOE, which owes a lot of debt, plans to spend hundreds of millions of dollars to acquire the panel business of South Korea's Hyundai Electronics under Wang Dongsheng's decision.

BOE can only come up with $150 million, and Samsung is also in the way to try to sabotage the deal.

However, Wang Dongsheng was stunned to grasp the psychology of Hyundai Electronics' eagerness to throw off the burden, not only frantically lowered the price, but also asked Hyundai Electronics to open up the relationship with the Bank of Korea, and the Bank of Korea provided a loan of 210 million US dollars for acquisition. In this way, the funds were still insufficient, and Wang Dongsheng took advantage of the situation to coerce the Beijing government, and the Beijing government lent 30 million US dollars to cover the back.

Hyundai Electronics is a pure unlucky egg, not only being sold at a low price for the panel business, but also having to help buyers borrow money from the bank. As a result, as soon as the contract was signed, the panel price rebounded, and it began to make a profit in the second month, and the panel business, which was sold by Hyundai Electronics, made a profit of $60 million in a year and a half.

And BOE, which picks up cheap for nothing, is still in a state of loss, and owes a lot of bad debts in the mainland, Hong Kong, Taiwan and South Korea.

Now the global panel market is ushering in a cold winter, and BOE is frantically collecting debts from all parties.

What to do?

There are creditors!

The Beijing government, which borrowed $30 million to BOE, lent BOE as a guarantee, fooled a number of banks to lend another $740 million to BOE, and the Beijing government also provided BOE with a loan of 2.8 billion yuan again. BOE is a bad debt, the Beijing government before and after two sets of loans, most of them became stocks during the share reform, and later cashed out to make the Beijing government make a fortune.

What is a creditor? A creditor is a potential shareholder.

When a magazine reported on BOE this year, the title was - "I have been busy with money all my life".

From the moment Wang Dongsheng took over the 774 factory, he continued to borrow money from everywhere, and when he couldn't repay the debt, he let the creditor become a shareholder.

Perhaps it was the lack of funds that hurt me, in another time and space, even if BOE had money later, it still dragged the cash in its hands, and would rather borrow money, partner with others, and issue new shares, but also resolutely ensure its huge cash reserves. As a result, there was a rule that BOE built factories everywhere and local governments had to contribute more than 60% of the capital, and because of the precedent of the Beijing government cashing out the stock and making a big profit, local governments were eager for this kind of cooperation.

The funniest thing is that a city in grassland province took the initiative to invite BOE to build a factory, but it couldn't get 12 billion yuan of project start-up funds. The mayor was also very single, and said directly: "We don't have money, but we have coal!" The local government actually wanted to exchange a coal mine for an OLED production line in BOE.

Song Weiyang pushed the teacup in front of Wang Dongsheng: "Please taste the tea." ”

"Good tea!"

Wang Dongsheng took a sip, and then asked: "Since Mr. Song wants to enter the panel market, why didn't he join the 'Julong Plan', but chose to acquire BOE, a traitor company?"

"Haha, I'm going to be a traitor with you. Song Weiyang said with a smile.

BOE circles money in domestic cities A and B, and the circle is full of money from mainland shareholders and Hong Kong investment institutions. They continue to look for bank loans, borrow money from the government, and use the money to acquire overseas companies, and these acquired companies have shown losses across the board this year.

As a result, some media and shareholders called BOE a traitor enterprise, saying that Wang Dongsheng was a traitor boss who gave the hard-earned money of the Chinese people to foreign capitalists in vain.

As for the "Julong Plan", it was initiated by TCL, Skyworth, Konka, and Changhong, four color TV companies. Because they were stuck by foreign companies, they abandoned their previous suspicions to form an alliance, wanted to build a joint venture production line with overseas panel companies, and planned to form a joint venture "Julong Company" - they all thought they were a raptor, and the partnership company was Julongbei.

In fact, China has long been planning to enter the panel field, and local governments have supported several companies under their jurisdiction. However, due to the disruption of overseas giants, these companies are struggling to develop, only BOE took advantage of Hyundai Electronics' eagerness to throw off the burden, and broke through Samsung's obstruction in one fell swoop, not only won the panel business of Hyundai Electronics, but also obtained many panel patents.

The "Julong Project" has also been suppressed by international giants, with foreign companies either refusing to transfer technology or the transfer fees are ridiculously high. Julong Alliance negotiated with countless foreign businessmen for a whole year, and finally put its eyes back to China, seeking technical support from BOE, and BOE will obtain 40% of the shares of Julong in May next year.

Song Weiyang said: "I said on the phone, I am just optimistic about BOE's panel patent, the only one in the country." The Julong plan seems to be huge, but even if the cooperation with foreign capital is successful, it is just following in the footsteps of domestic panel companies, and people are stuck in patents and cannot survive or die. ”

Wang Dongsheng said: "BOE's debts have exceeded BOE's assets, which is the so-called insolvency. Mr. Song is not afraid of investing in waste?"

"I'm not short of money, so I should look away. Song Weiyang said.

Wang Dongsheng suddenly smiled and said: "Mr. Song, you now hold just over 20% of the shares, it is better to invest a few hundred million more and make up the equity to 25%." ”

Song Weiyang asked: "BOE is very short of money?"

Wang Dongsheng said incomparably singlely: "There is no time when BOE is not short of money. Now the company owes tens of billions of huge debts, anyway, there are more lice, I plan to invest billions more to build a sixth-generation production line. ”

Song Weiyang asked: "BOE's fifth-generation line has invested nearly 10 billion yuan, and billions of yuan can build a sixth-generation line?"

Wang Dongsheng said: "Billions are enough, someone will help pay for it." ”

"Have you found a partner?" asked Song Weiyang.

"As long as you are willing to look for it, sooner or later the partners will pop up. Wang Dongsheng said.

Song Weiyang sighed sincerely: "You are awesome!"

Wang Dongsheng said: "Now in the cold winter of the global panel market, panel prices have fallen by more than half, and many foreign panel manufacturers are reducing and suspending production." When we build a production line at this time, we will definitely be able to buy equipment at a low price and take the opportunity to seize market share!"

Song Weiyang said with a smile: "The premise is that BOE can survive the cold winter." ”

Wang Dongsheng said: "Even if BOE can't hold on, the creditors have to let BOE hold on! ”

The CEOs who grew up in the barbaric era, whether they are private enterprises or state-owned enterprises, are really crazy!

Wang Dongsheng also said: "BOE has been included in the list of the fifth batch of share reform enterprises, and it will be announced next month at the latest." As long as the share reform is completed, BOE will no longer be a state-owned enterprise, and Mr. Song can invest with confidence. ”

Song Weiyang smiled: "Okay, I'll invest another 100 million." ”

"Mr. Song is really bold!" Wang Dongsheng praised.

Wang Dongsheng is not afraid that Song Weiyang will hold too many shares and occupy the magpie's nest, because BOE is looking forward to him, the old factory director, from top to bottom. Unless Song Weiyang didn't have a good heart at the beginning and wanted to buy BOE and sell it later, Song Weiyang couldn't control the company anyway.

As a result of Song Weiyang's forcible control of BOE, BOE fell into chaos as a whole, and then went bankrupt step by step!

What's more, although Wang Dongsheng does not hold much personal shares, the management team he leads and the old workers jointly hold nearly 30% of the shares. During the share reform period, if they engage in MBO, and then transfer shares, their team's shareholding will approach 40%. The B shares acquired by Song Weiyang are not within the scope of transfer shares, and Song Weiyang's shareholding will fall instead.

In fact, Wang Dongsheng fooled Song Weiyang into investing hundreds of millions more, saying that he would build a sixth-generation panel production line, which was pure bluff and foolishness, and it was nothing more than to make some money for Song Weiyang as a wronged boss.

BOE, another time and space, after the share reform, was even worse, and the stock name was preceded by a "ST", facing the risk of being forced to delist. When BOE was most desperate, it even sold all the Korean factories and some panel patents, so that it did not fall in the cold winter of the market.

Although he knew that he was being treated as a Kaizi, Song Weiyang did not debunk it, and he promised to throw out 1 billion yuan.

After negotiating the matter of additional investment, Wang Dongsheng was in a very happy mood and began to chat with Song Weiyang there. He sighed with pride: "In my life, the most important thing I have done is to be forced into debt! I remember that about 10 years ago, BOE couldn't even pay my salary, and the creditors blocked me in the company and couldn't get out." I had to send people everywhere to collect the payment, among which Xiao Chen (the future chairman of BOE) went to Panasonic with Xiao Wu to ask for money, and was deliberately made difficult by the financial director of Panasonic China Branch, saying that he would drink 200,000 yuan a glass, and he would not give money if he didn't drink. In order to get the money back to pay their salaries, Xiao Chen and Xiao Wu each drank more than 20 cups in one go. Xiao Chen rode home drunk, hit a van, and was beaten to sleep. Xiao Wu lost his wedding photos on the road, and he couldn't get a certificate when he went to the Civil Affairs Bureau, so he could only make up the wedding photos with a drunken body. This is how BOE came all the way, it's not easy!"

"Hehe, it's not easy. Song Weiyang said with a smile.

Wang Dongsheng also said: "But all difficulties have passed, what is the little difficulty I am facing now? Since 1999, my ambition is to make BOE the Chinese's own Samsung!"

"Drink tea," Song Weiyang carried the kettle to add tea, "I don't care when your sixth-generation production line will be built." But if it's too difficult one day, don't sell patents, and I can continue to invest more. ”

"Hehe," Wang Dongsheng smiled awkwardly, knowing that the little Jiujiu in his heart had been seen through, he raised his glass and said, "Mr. Song, replace wine with tea, thank you!"

Song Weiyang asked: "Are you interested in joining the Golden Bull Club?" ”

"Guo Guangchang, that kid is from the same city as me," Wang Dongsheng said, "although I have never participated in this kind of entrepreneur club, since Mr. Song has been kindly invited, I will definitely not refuse your kindness." ”

"Then I'll welcome Mr. Wang on behalf of the other members," Song Weiyang raised his teacup, "It's done!"