Chapter 288 Acquisition of shares in SMIC
Time was limited, so Zhou Shi and Shangqi Group quickly negotiated the conditions, and within a month, the closing price of both parties on the day before the stock delivery date was settled, with a minimum of 200 euros per share (generally not so, so it is simple to say and easy to understand). The shares worth 1.5 billion euros are now worth 1.8 billion euros, one-third of which is used as funds for the directional financing of A-share listed companies, and the other two-thirds are paid to Zhou Shi in cash by Huatou (in fact, Zhou Shi is not held in a private name, but through fund directional investment and offshore companies). The other stock options are held by Zhou Shi himself, but if Zhou Shi wants to sell, he must ask SAIC and Huatou one day in advance, and Huatou has the right of first refusal. If SAIC and Huatou default, they will compensate Zhou Shi according to the maximum price in September (which can be extended to October at most), and it is also agreed that if a dispute arises, it will be heard in the US court in Delaware.
After signing the contract, Zhou Shi transferred Volkswagen's shares to Shangqi and Huatou, and he really hoped that Shangqi and Huatou would drag on a little longer, so that Volkswagen's shares could rise a little more. If it can be dragged until October, the highest price will be 1005 euros, which is a full 5 times difference compared to the current 200 euros (in fact, pig's feet buy so many stocks, there will be a lot of changes in the middle, if you follow the business logic reasoning, I may run first, so let things evolve automatically in the direction of pig's feet, or keep history unchanged).
Although if he continues to hold these shares of Volkswagen, he can at least make a 100% profit. However, participating in the dispute between these two giants with deep-rooted social relations between the political and business worlds is still very risky for Zhou Shi, whose foundation is not yet solid. Moreover, being able to become a shareholder and enter the board of directors of a state-owned enterprise is of great significance for developing Zhou Shi's social relationships.
A few days after Zhou Shi and SAIC reached a deal, Datang Telecom gave up negotiations with SMIC, and Zhou Shi, who had no competitors, soon obtained 18.8 percent of the shares at a price of 200 million US dollars through the Sixiang Fund (200 million US dollars to be paid in batches), plus 5 percent purchased in the secondary market, Sixiang Fund owned a total of 23.8% of SMIC's shares, becoming the deserved largest shareholder and entering the board of directors.
Zhou Shi, who was in a happy mood, fought tirelessly with Li Ying for several hours. Do you still want to lose your temper more? Zhou Shi carefully recalled the details of the negotiation with Shangqi. They originally planned to buy the shares in Zhou Shi's hands at a premium of 50 percent, and there will definitely be room for upside, maybe there will be a premium of 100 percent, but Zhou Shi gave such a big discount, D, there is really no good person in this world, and one loses so much if he doesn't pay attention, no wonder Datang Telecom temporarily withdraws! It turns out that Huatou is also embarrassed.
But he didn't know that suffering was a blessing. Through this incident, the big guy in Zhongnanhai has greatly changed his understanding. They didn't think that a shrewd person like Zhou Shi would make some low-level mistakes. Don't want a 50% premium, and not making any excessive demands is actually a disguised loss of sincerity to the government, and SMIC is a reward and test for him. The country will not have only one semiconductor foundry company, such as Huahong's strength is very good. This company, which has always been under the control of outsiders, is not a big deal for Zhou Shi to control.
After completing the shareholding, he did not control the board of directors, and Zhou Shi found Zhang Yujing again.
"Mr. Zhang, I'll give you a billion dollars, do you dare to use them all?" Zhou Shi shook as soon as he spoke.
"A billion dollars, what conditions?" Zhang Yujing is also an old Jianghu and will not be easily confused by bait.
"The first board of directors, the second I want to control SMIC, the third, expand against the trend and build advantages, and the fourth, end the lawsuit with TSMC. Zhou Shi said succinctly.
"What to do?" Zhang Yujing couldn't resist Zhou Shi's financial charm after all
"Galaxy Capital borrowed money from SMIC, and if TSMC did not compromise, SMIC would not repay the debt, then let it go bankrupt, and all the company's assets would be returned to Galaxy Capital first, and the rest would go to shareholders and others. What Zhou Shi didn't say was that a golden cicada would come out of its shell and be reborn from the fire.
"If TSMC compromises, then it will be a debt-to-equity swap, so that SMIC will have only one voice from now on! We will focus on technological progress and catch up with TSMC. "Zhou Shi
Zhang Yujing has a deep obsession with Zhang Zhongmou, and he is unwilling to miss any opportunity to defeat him, not to mention the big difference between SMIC with big money support and SMIC without big money support, he doesn't have to think about it.
"AMD is about to come up with a concrete plan for spinning off its wafer manufacturing division, and if we catch up now, maybe there will be some gains. The talents and patents of other companies, as long as they are willing to sell, are good for SMIC, you can wave the check, buy and buy!" Zhou Shi kept bewitching Zhang Yujing.
"How can you guarantee that what you say is true!" Zhang Yujing was very moved when he heard Zhou Shi's words, and began the final struggle.
"First prove that I have money, and then we can sign a letter of commitment!" Zhou Shi said calmly
"If there is really a billion dollars, I am willing to assist you......" Zhang Yujing did not finish, but his meaning was obvious, Zhou Shi wanted to hold SMIC at a low cost, and it was obviously not possible without Zhang Yujing's support. What's more, the losses for several years in a row have made many shareholders doubt his ability, and after Datang became a shareholder in the previous life, he was driven out of SMIC, which did not mean to take advantage of the situation (and TSMC's patent dispute).
Zhou Shi asked him to wave money, buy patents, and buy talents, in addition to what he said before, there was also an intention to dilute the original TSMC employees inside SMIC. The TSMC employees brought by Zhang Yujing's entrepreneurship have opened the door to China, but the uneven quality, low-level talents are in high positions, and the core positions have been held by TSMC employees for a long time.
With the support of the government, SMIC has no shortage of funds, and its development has been slow for more than ten years. For an excellent enterprise, a good organizational management system is the core element that can develop and grow. Taizu millet plus rifle can defeat the Japanese puppet, can defeat KMT, and my excellent organization plays a vital role.
The biggest benefit of the subprime mortgage crisis for high-tech companies like SMIC is that it has freed up a considerable part of talent. Most of the talents that were previously collected and hoarded by large enterprises to the point that they are useless will be released at this time. Not only SMIC, but also Spreadtrum, Guoke, Nuts and other companies will take action to sound the clarion call for talent.
(End of chapter)