Section 266 M&A plan
Zheng Dashi and several other small shareholders carefully read it, and then closed the report, Zheng Dashi said: "This plan is also very good, although it is essentially similar to the report of Kumho Court, but on the whole, it is still feasible, well, I want to ask, who is the author of this report?"
Xu Jun, who was sitting on the side, stood up, blushed, and replied: "Ladies and gentlemen, this is a merger and acquisition plan made by me after my recent inspection.
Zheng Dashi glanced at Xu Jun obliquely, and said with a smile: "It turned out to be from President Xu, no wonder it is so profound, okay, tell me about your specific thoughts." ”
Among the few people present, Jiang Xueyan, Zheng Dashi, Li Desheng, and Jiang Baige are all major shareholders, and several of them already own more than 60 percent of the shares, and the rest of them only account for a little more than 30 percent of the shares, especially under Jiang Baige's strength, these people basically have no right to speak.
However, Zheng Dashi's question did indeed ask the voices of some small shareholders.
Xu Jun's face turned red and replied: "First, I think we should figure out what the purpose of our merger and acquisition is, first of all, what I want to say is that this is a period of national economic transformation, and the previous kind of labor-intensive enterprises will be replaced by high-tech high-tech enterprises in the near future, that is to say, in a few years of development, labor-intensive enterprises will be phased out ......"
"Based on this historical trend, we should take a more long-term strategic vision, gradually eliminate some low-end industries, transform to high-tech high-end products, and gradually promote the whole group to move towards high-end industrialization, so we now need to make strategic investment in advance......
Li Desheng snorted and said: "What a strategic investment, tell me, are you going to buy other people's core technology, or are you ready to seize other people's technology market?"
Zheng Dashi said with a smile: "That's a good question, Lao Li's sentence is also what I want to ask." ”
Xu Jun calmed down, smiled, and replied: "What we are thinking about now is whether to bring a broad sky for our Baige Group for future development, or let us use an exit price that is rare in a century." ”
Xu Jun said this, in fact, it is not difficult to understand, after all, from a personal point of view, they all have different purposes, for example, Li Desheng's focus on representing several people is to increase profits, especially in terms of short-term profit returns, and the few people represented by Zheng Shida are definitely for long-term interests, in order to compete for the market, as for the few people represented by Jiang Baige, their selfishness is to deal with Zhou Ziyan, not to mention, if it can, of course, the market, technology, and interests must all be accounted for.
That's why Xu Jun said this.
Zheng Dashi laughed for a while, and then said: "That's a good point, but I see that your financing plan is not as detailed as the report of Kumho Court, I can't understand it, can you explain it?"
Xu Jun smiled politely and said: "Of course, I can give an example here, taking the 'Juhe Materials' scientific research project listed in my report as an example, their current valuation is 4.5 billion, if we talk well, it is possible to successfully buy the bottom at the price of 4 billion, then, we can pay in cash with 2 billion, and the other 2 billion will be paid by issuing new shares in the form of listing......
"The advantage of this is that it can reduce the one-time payment of M&A costs for our group, and at the same time, we can continue to lock in the original strategic partners for the future benefits, so as to become bigger and stronger in terms of technology and market. ”
Li Desheng smiled coldly: "Even if it is a merger and acquisition of a state-owned enterprise, there are three no-buys, this, Mr. Xu, you won't know it!"
Xu Jun smiled faintly: "The so-called three don't buy, nothing more than loss-making enterprises, enterprises dominated by intangible assets, and enterprises with high R&D investment periods, the reason why they don't buy, they just don't dare, because they don't know what to buy, and it is difficult to explain its value......
"Still taking 'Juhe Materials' as an example, although they are now a loss-making enterprise, and they are also an enterprise dominated by intangible assets, but now, their high R&D investment period has passed, and we know very well what we need, what we need is their technology, and their future market!"
"Well said......" Zheng Dashi couldn't help but applaud, and said with a smile while applauding: "Yes, really said it very well, as far as I know, 'Juhe Materials' is now researching a new type of material, if the results come out, it will completely change the structure of the material market's technology, production and so on, and will set off a boom in the use of new materials in the market, yes, it is indeed worth considering mergers and acquisitions." ”
Xu Jun was full of spirits and said a little impassionedly: "In my plan, 'Juhe Materials' is not the only option, for example, there are also 'Slayli' for the research and development of cosmetics, 'Bai Ke' for the development of drinks, and a total of seven projects to choose from, and these projects, the highest is the 'Juhe Materials', and the lowest is the 'Blue Crystal' for the development of plastic products, which is as low as 2.7 billion!"
Speaking of which, what needs to be introduced by Xu Jun, Xu Jun has basically been completed, and next, it is when several people from the board of directors make decisions, after all, these things can be regarded as major strategic directions, and it is impossible for the board of directors not to make any decisions, and hand them over to the people below to trade directly.
Otherwise, if something goes wrong, who will be responsible?
In the whole meeting, although it was not yet decided whether to change the strategic direction to high-tech research and development, until the end of the meeting, Jiang Baige never glanced at Zhou Ziyan, nor did he let Zhou Ziyan say a word.
Even Jiang Xueyan wanted Zhou Ziyan to say a word, but Jiang Baige stared back sternly.
After the meeting ended, Zhou Ziyan was not depressed, but more energetic, and just ran into Xu Jun outside the conference room.
Xu Jun smiled: "Xiao Zhou, I have also seen your plan, it really shocked me!"
Zhou Ziyan smiled: "I have also seen Mr. Xu's plan, it's very good, hehe!"
Xu Jun's face turned red and said with a smile: "Xiao Zhou, in fact, I didn't mean to target you......"
Zhou Ziyan snorted: "Where, it's all for the group, what else is divided between you and me, each other, as long as it is conducive to the group's plan, it can be used, everyone can use it, and the plan that can be deformed and mutated can only show that there is the ability to draw inferences from one another, where is what is aimed at whom and who is not targeted." ”
Xu Jun looked at Zhou Ziyan, and there was an imperceptible ruthlessness in his eyes.
Zhou Ziyan's eyes were so sharp, but he only smiled at the trace of ruthlessness in Xu Jun's eyes.
The wall is down and everyone pushes it, as long as it does not endanger their plans and principles, if they are willing to push, they will push it, Zhou Ziyan still maintains considerable confidence in his plan.
To implement his plan, it will only be a matter of time, originally I still felt that there was no hope, but today Jiang Baige, after calling himself over and slapping his face, Zhou Ziyan became more confident.
After separating from Xu Jun, Zhou Ziyan even hummed a song and swaggered into his car.
It's just that as soon as he opened the car door, Zhou Ziyan was startled, there was a person inside, who was sitting in the co-pilot's seat, and Zhou Ziyan was still startled.
After seeing it clearly, Zhou Ziyan came to his senses.
The person sitting in the co-pilot was Xia Mingzhu, holding a thin piece of material in his hand.
Xia Mingzhu's face was a little ugly, and when she saw Zhou Ziyan entering the car, she couldn't help but scold: "You are still in the mood to sing!"
"Ah......h
Xia Mingzhu was angry and funny: "Everyone has forced it to this point, you can still hold your breath!"
Zhou Ziyan said with a smile while driving: "How can this be regarded as forcing me, it is for my good, don't believe it, it's really for my good, so I'm very happy." ”
Xia Mingzhu thought for a while, and then asked, "Seeing that you are really happy, is there a flaw in his plan?"
Zhou Ziyan asked: "Where are you going, I'm going home?"
It's still a little early, but Zhou Ziyan can go back to Milan Spring directly to enjoy his good mood, and Xia Mingzhu, who knows if he can get off work now.
"Of course I'm going home too!" Xia Mingzhu smiled: "Isn't it just the right way?"
Zhou Ziyan smiled, moved the direction, and went directly to Milan Spring.
Xia Mingzhu waited for a while, and then asked, "You haven't answered my question yet, what are the flaws in Mr. Xu's plan?"
Zhou Ziyan laughed for a while: "The biggest flaw, the biggest flaw, uh...... Hehe, that's it, that's it, it's my plan that was plagiarized, hehe, just because he copied my plan, he can be very successful, and he will be very miserable. ”
Zhou Ziyan's plan has Zhou Ziyan's own uniqueness and irreproducibility, which Xia Mingzhu knows very well, but Xia Mingzhu really can't imagine that Xu Jun's plan, even if it is plagiarized from Zhou Ziyan, is not a rigid copy, not to mention that in Zhou Ziyan's words, it is still a good example of drawing inferences.
Therefore, Xia Mingzhu really didn't understand.
Zhou Ziyan was helpless by Xia Mingzhu, so he had to say: "Integration, the flaw in his plan lies in integration, do you understand, a good merger and acquisition case must not only have clear strategic goals, but also need a professional team, the most important thing is integration, and the completion of integration, the realization of value, this is not an overnight thing." ”
Speaking of which, Xia Mingzhu understands a little, there is no high-tech R&D department in Baige Group, and now if you want to merge and acquire a R&D department, it is far from as simple as it seems on the surface, it needs to have a large number of related departments, as well as import and export channels.
On the surface, it seems that the acquisition of a scientific research project is simple, but in fact, Baige Group, in this regard, is almost all zero.
It's just that when Zhou Ziyan said this, although Xia Mingzhu understood the flaws in Xu Jun's plan, he couldn't understand another question - how could Xu Jun make such a low-level mistake?
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