Volkswagen is so well-known that everyone knows it's a very good business. Zhou Shi began to buy a large number of their shares before the subprime mortgage crisis ended, which puzzled many people, including Lu He, but Zhou Shi did not need to explain to them, let alone Fried of UBS. Especially when he proposed that UBS could take over the public shares held by Zhou Shi, Zhou Shi was even less in the mood to talk nonsense with him.

drove away Fried, and Zhou Shi also knew that things were coming, and it was even possible that because of his participation, that legendary event with ups and downs would happen in advance. It is also known as the Volkswagen Porsche acquisition.

Before the financial crisis, Porsche's development was smooth, and the high profit margin allowed them to generate a lot of cash flow. In 2005, Porsche announced that it wanted to acquire Volkswagen, which was the world's largest car at the time. At that time they had 18 percent of Volkswagen's shares, but Germany had a very peculiar Volkswagen Act. There is a special provision in the Act that when a holder of Volkswagen shares holds less than 20% of the shares of Volkswagen, the voting rights shall be calculated according to the actual proportion of the shares, and when the shareholding ratio exceeds 20%, the voting rights shall not be increased, unless the shares of Volkswagen are more than 80% of the shares. The problem is that the government of the German state of Lower Saxony holds 20.1 percent of Volkswagen's shares. If the government wants to sell the shares, it will have to go to the state legislature for a resolution and possibly a vote of all taxpayers. In other words, it is basically impossible for other foreign companies to succeed in acquiring Volkswagen.

As for why Porsche wanted to buy Volkswagen, Zhou Shi was too lazy to count. In October 2007, the European Court of Justice, the highest court of the European Union, overturned the 47-year-old Popular Law, despite the fact that Germany has a popular law. It was at this time that Zhou Shi remembered this classic case of acquisition and anti-takeover.

It's hard to say if the situation is too complicated, but the current market thinks that the probability of Porsche's success in acquiring Volkswagen is too low, so there are a group of people who are crazy about shorting and reaping profits. Unfortunately, it turned out to be more than most people expected, and Volkswagen's share price rose to 519 euros from 210 euros last week as soon as the Frankfurt Stock Exchange opened on October 27. The next day, it soared to 1,005 euros, a soaring price of nearly 400%! The results were so tragic that Adolf Merkler, the 94th billionaire in the world and the 5th in Germany, jumped off the rails and committed suicide in 2008.

When Zhou Shi entered, Volkswagen's share price was less than 150, and now it has not exceeded 200 euros.

UBS came to the door, maybe with good intentions or with bad intentions, he didn't know. Anyway, he has made up his mind, and now he is determined not to let go of any shares.

Zhou Shi and Zhou Shi's troubles, Yin Tongyue has Yin Tongyue's troubles. Back in Wuhu, Anhui Province, he excitedly told the news to Pan Yan, the representative of the Wuhu City Guozi Committee in Qirui Automobile, who knew that the other party didn't care at all.

"I haven't heard of Galaxy Capital. "Pan Yan

"Galaxy Capital is the parent company of Analysys International, and it is also the major shareholder of Baidu, Alibaba, Time Friends, and the major shareholder of Guoke Mobile. They are private equity investment funds in the United States, and they have a very strong strength, and the subprime mortgage crisis was first predicted by them," Yin Tongyue said passionately, ignoring the establishment time of Galaxy Capital.

"Do they have any investment experience in the automotive industry?" said Pan Yan

"I haven't heard them say that. "Yin Tongyue

"Is that gone?" Pan Yan said calmly

"I don't think so, but I believe in their quality. Yin Tongyue said firmly

"I didn't say I didn't believe them, but I just wanted you to think more carefully," Pan Yan said

"It's okay to be cautious, but we can't lose the development opportunities we deserve because of prudence. Yin Tongyue said dissatisfiedly

"Of course not, development comes first. Pan Yan echoed

Yin Tongyue, as Qirui's leader, left Pan Yan's office. Although there is no favor, at least there is no opposition. Yin Tongyue thought to himself, this is also an improvement. Then he arranged for people to go to Shanghai and go to DSI in Australia with the people of Galaxy Capital, where there were also their executives who were responsible for poaching people. Briefly told Zhou Shi about the current situation.

"It's okay, the acquisition continues, let's talk about ours, first according to the conditions for capital to invest in shares and promote the listing of Qirui A-shares. Zhou Shi casually pulled a method.

"Listing?" Yin Tongyue

"The governance of listed companies is different from that of non-listed companies, which can reduce government restrictions on enterprises. "Zhou Shi

"It seems that the listing has been suspended now?" Yin Tongyue

"It will be open to the public in a few years, and we are not in a hurry. Zhou Shi was a little embarrassed, who knew this information, anyway, he didn't play new stocks.

"Well, that's it. "Yin Tongyue

"You don't have to be in a hurry, GM is bankrupt for at least 3 months, we have time. Even if it doesn't work out by then, we can buy Saab first. "Zhou Shi

"But such negotiations would have taken three months to six months. "Yin Tongyue

"Uh, what did you just say, the weather is so good today" Zhou Shi looked up at the sky, "You can just feel free, anyway, I'm not in a hurry here." Zhou Shi quietly added that if there was no hope, he would stop halfway, and he wouldn't lose a few dollars.

Yin Tongyue felt that the pressure on his body was great again, and no matter how smart young people were, there were still unreliable places.

The physical enterprise is troublesome, a few simple acquisitions can be delayed for so long, isn't it more than ten or two billion dollars, and the acquisition of a small company like Saab is enough for a few hundred million, what is there to discuss. Zhou Shi complained about the efficiency of these companies, but he didn't know that the current market value of Geely was only 600 million US dollars, and Qirui was not listed, and it was only half a pound and eight taels compared to Geely. It's not impossible to acquire a billion-dollar car brand, and it's a debt business. However, the Lord who lacks faith will not make this decision easily, and if he is not able to play with his ability, he will die. The famous Jabbs in China has a big heart, borrowed too much money to play LeTV, and turned himself into a character like a rat crossing the street, and became a well-known old man in the country.

It takes decades for an entity to be an Internet enterprise and an entrepreneur to be an entity enterprise, and it often takes only a dozen or even a few years for an Internet company to do it. Some companies with no bottom line can exaggerate to the point that in just three years, the company can go public, with a market capitalization of more than $30 billion. As for the harm to society, it is really hard to say, the harm caused by traditional enterprises seems to be delayed, and the harm caused by Internet enterprises is immediate. The milk powder factory is poisonous, and it will take a few months to find out, and the inaction of a disgusting monopoly company has killed the little girl, and the whole country will immediately know about it.

If you don't do anything, you can do finance, and it's someone else who harms people anyway!

(End of chapter)