153. Supplier Conference (75 votes)
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The acquisition of a medium-sized bank with total assets of more than HK$6.5 billion is by no means something that can be accomplished overnight. The Lin family gave an offer of HK$650 million for 75% of the equity of Jiahua Bank in their hands.
According to the information given to Li Xuan by Standard Chartered Bank, the net asset value of Jiahua Bank is about 727 million, which means that the shares in the hands of the Lin family are only worth 545 million. Therefore, the counteroffer given to the other party by Standard Chartered on behalf of Li Xuan was 560 million.
The disparity between the two sides is a bit wide, and the rest is the process of negotiators slowly tearing each other off. Li Xuan's bottom line for Standard Chartered is HK$600 million, hoping that they can get things done in about a month. Except for asking about the progress of the negotiations every few days, Li Xuan didn't pay much attention to this matter.
"Mario Bros.", which has been established for almost a year, is finally going to be listed, which makes Li Xuan feel like he has been waiting for a long time. There are many reasons why this game has dragged on for so long. First of all, Li Xuan's golden finger was not enough, he only gave a general idea at the beginning, and then he was busy with other things, and let the R&D team figure out the rest of the work.
There were numerous difficulties throughout the development of the game, but one of the biggest problems was the scroll panning problem. Mario Bros. is a game where the background progresses through layers, which is much more complex than the previous fixed maps of Tank Wars. The program's algorithm must be able to render the game map perfectly without causing the game to lag.
The R&D department spent half a year just to solve this problem. On top of that, new problems are encountered almost every day during game development. For example, Li Xuan asks for a protagonist who is an uncle with an amiable image.
Just the character design of the character Mario Brothers. A few game artists drew no less than 200 of them. Several artists were also asked by Li Xuan to absorb the advantages of learning Japanese comics, and finally came up with a work that satisfied him.
It wasn't enough to satisfy Li Xuan. Also to keep the programmers happy. Limited by the computing power of the 6502 processor, the resolution of the game screen cannot be very high. In order to be able to be in a low-resolution picture. In order for players to remember the game at a glance, it is necessary to design features that are easily recognizable for Mario Bros. So Mario with a big nose, a mustache, and a hat appeared.
Li Xuan couldn't remember whether the Mario brothers were wearing suspender overalls, but the designer finally chose this style of clothing. Because of wearing suspender overalls, the arm movements of the game protagonist can be well represented in the game screen, making the body language of the Mario brothers more vivid and rich.
Mario progressed slowly, giving the hardware department plenty of time to design a new arcade motherboard. The new generation of gaming motherboards still uses the 6502 processor, but in order to better enhance the performance. A dual-processor parallel design is adopted.
In addition to this feature, another highlight of the new motherboard is that this is the first universal motherboard of Dongfang Electronics in the true sense, and it is also the first arcade motherboard to be sold to the public. The development of the new motherboard was slightly faster than Mario, and the first game to use this arcade board was a game from another company called Zoo Adventure.
The success of Dongfang Electronics has made arcade a household name in Hong Kong, and it has also attracted countless followers of capital to pour into this market. The most expensive and also the most technical part of the arcade machine is the arcade motherboard.
Naturally, these new arcade companies that have emerged in Hong Kong do not have the ability to produce and develop motherboards on their own. I can only go to Japan to purchase. Dongfang Electronics' motherboard factory has been in operation for more than half a year, and the second phase of expansion is almost complete. On the premise of ensuring their own supply, motherboard manufacturers are naturally unwilling to give up this profit and begin to supply game motherboards in small quantities.
"Are you sure this piracy is difficult?" asked Li Xuan, looking at the arcade board in front of him. He still has some objections to selling arcade boards to the outside world. For fear of being used by copycat factories to directly pirate Dongfang Electronics' own games.
"Little Li Sheng, we have adopted a modular design for the new arcade version. Although the structure of the export motherboard and the self-use motherboard is roughly the same, there are still differences in some detailed modules. Piracy has already been prevented from being designed to do so!" Liang Tian, the new head of the hardware department, explained to Li Xuan with a smile. He is one of the harvests of Dongfang Electronics' poaching operation from the United States, and is a bull engineer who has been engaged in motherboard design for more than ten years.
"Xiao Li Sheng. It's almost time, it's time to go!" Li Zhi said as she ran over and said.
Today is the day when Oriental Games held the first Hong Kong Sourcing Conference. The meeting was held in a conference room in a 4-star hotel in Central.
Li Xuan and Du Wenqiang, president of Oriental Games. and Han Peng, president of Dongfang Electronics, walked into the conference room together, and the large conference room was already full of large and small suppliers. It is said that it is a procurement conference, but in fact, it is more accurate to say that it is a communication meeting between Dongfang Electronics and cooperative suppliers.
The meeting started at one o'clock in the afternoon, and now it is only 12:50, and several senior executives of Dongfang Electronics are not in a hurry to sit on the rostrum, but communicate with the bosses in the venue at will.
"Little Li Sheng!" the two young men walked up to Li Xuan very stiffly and greeted him.
"Senior Kong, Senior Yang, how is the construction of the factory!" Li Xuan asked with a smile.
These two are students who just graduated from Hong Kong Chinese University last year, and they are both Li Xuan's seniors. The surname Kong is Kong Zhang, who studied mechanical design at CUHK, while the other is Yang Zetao, who is studying business, and the two are roommates at university.
Li Xuan's birth has changed the fate of many people, and according to statistics, the number of graduates of CUHK and HKU who chose to start their own businesses last year was significantly higher than in previous years. Kong Zhang and Yang Zetao are one of them.
Kong Zhang's father runs an arcade game parlor, and if the game console breaks, he, a college student, will first fix it himself, and if it can't be repaired, he will go to someone else. After going back and forth, Kong Zhang dismantled and repaired more game consoles, and he knew the structure of arcade machines well, and slowly began to become interested in coin machines.
Dongfang Electronics uses a more accurate comparator. It basically eliminates the possibility of players using counterfeit money to get through the level. Kong Zhang spent half a semester after carefully studying the structure of the coin flipper, such as the ramp relay, the induction seat, the coin machine squeeze tray and the coin base. I designed a brand new coin dispenser.
Yang Zetao felt that his roommate's invention was very promising, so he instigated his roommate to sell this coin-operated device. The two took out their savings. I made a batch of samples and started selling them door-to-door. Unfortunately, the application of coin machines is relatively narrow, except for coin-operated game machines, that is, vending machines, coin-operated laundry machines, etc. Hong Kong's local factories do not produce these equipment, so they naturally have no way to sell them.
After some thought, the two finally decided to target the game console of Dongfang Electronics. The thick-faced Yang Zetao personally went out and went to the headquarters of Dongfang Electronics and made an appointment to meet Li Xuan in the name of Li Xuan.
At that time, Li Xuan was confused, and thought that a friend from CUHK had come to the door. As a result, it looks like it's a door-to-door promotion of products. Now that they had already met, Li Xuan was not angry, and simply gave them a few minutes to demonstrate their products.
The effect of this set of coin-throwing devices designed by Kong Zhang is not bad, and Li Xuan asked the people in the arcade department to test it and felt that it was feasible, so he sent a favor and was willing to purchase a batch on a small scale.
This made the two of them happy, and they thought that their careers had already started on the road. But things are not as simple as they imagined, and they still need to produce after getting the order.
Their first idea was to find a factory to produce on their behalf. But don't look at the small size of the coin flipper. The design is also quite complex, and the average small factory produces a high defect rate. Far from making no money on their first order, the two lost a little.
So Kong Zhang and Yang Zetao considered building their own factories for production, but they didn't have enough funds on hand. You can only go to seek a bank loan. Faced with two fledgling college graduates, most banks felt that the risk was too high and simply chose to refuse.
The two went to a number of banks. Only under the guarantee of Dongfang Electronics was that he borrowed 500,000 funds from Standard Chartered. The first small factory was built. Although Hong Kong's financial industry is very developed, the property market has been booming in recent years. A large amount of loan funds are invested in the profit-margin real estate sector.
Even if an industrial enterprise has good profit prospects, it is not easy to obtain a loan, which is the fundamental reason why Li Xuan wants to directly control a bank.
The atmosphere of the whole purchasing meeting was not strict at all, but very relaxed and harmonious. The real bidding process has already been completed, and today is the time to sign the contract and answer some doubts from the suppliers.
Dongfang Electronics has established a very good reputation in the Hong Kong industry. As long as the partner does not have any default problems such as product quality or supply delay, Dongfang Electronics has always been very happy and timely in the payment of goods.
Looking at the fifty or sixty bosses who were hotly discussing in the audience, Li Xuan was still a little proud. Dongfang Electronics' procurement gradually began to standardize, and there were more than 100 large and small projects in the purchase list of arcade projects, and more than half of them were supplied locally.
On the premise of ensuring quality, Hong Kong suppliers have a relatively obvious price advantage compared with purchasing from Japan, which is also the fundamental reason why Dongfang Electronics strongly supports Hong Kong enterprises to enter the supply chain.
Unfortunately, the happy times of Hong Kong bosses will soon come to an end, and the Hong Kong government revised its immigration policy at the end of last year, adjusting the original policy of landing to catch and dissolve. In the past, mainland immigrants who entered the country illegally only had to arrive safely in the city and were not received by the police on the way, they could go directly to the Chinese Extension of Residence Office in Queensway to apply for a residence permit, and they would automatically obtain a Hong Kong household registration after one year of residence.
Since the 60s, a steady stream of smugglers from the mainland has brought abundant cheap labor to Hong Kong's factories, which is also an important foundation for Hong Kong's industry to take off.
But with Hong Kong's capacity for the population reaching its extreme, the British government in Hong Kong had to implement tougher immigration policies to ease the pressure on the city. Since then, there has been no import of cheap labor in Hong Kong, and labor costs have continued to rise, eventually leading the entire industry to move north. (The novel "Rebirth Electronic Empire" will have more fresh content on the official WeChat platform, and there will be a 100% lottery gift for everyone!Open WeChat now, click on the "+" sign in the upper right corner "Add Friends", search for the official account "qdread" and follow, hurry up!) (To be continued......)
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