Chapter 161: External Think Tank

One person counts short, and everyone counts long. Although Li Xuan has the advantage of being reborn, his ability is also limited. What's more, the market is changing, which is also the purpose of his senior management meeting. Transformed Dongfang Electronics from his personal paternalistic leadership to a crowd leader.

Of course, whether this will cause the problem of relying on the old and selling the old and passing the buck to each other in the future will be a matter for the future. At least now, Li Xuan is already a little overwhelmed by the complicated affairs on his body. After all, in his previous life, he was a technician, and management was by no means his specialty.

"Xiao Li Sheng, the representative of Standard Chartered Bank called before, and the shareholders in the United States have begun to relent, but their asking price may be slightly higher than our bottom line!" Han Peng said.

Originally, this morning, Li Xuan would come to the company to discuss the acquisition of Jiahua Bank. But he was stuck in the gentle country and came too late. Representatives of both sides concluded the latest round of negotiations yesterday and each made an acceptable offer.

Not long ago, Dongfang Electronics acquired 75% of the shares of Jiahua Bank in the hands of the Lin family at a price of 600 million, and it had a great advantage in negotiating the acquisition of the remaining shares of American shareholders.

Because Dongfang Electronics still has sufficient cash in hand, the previous capital increase and share expansion proposal adopted by the American shareholders for the Lin family is useless. Dongfang Electronics was originally preparing to inject new funds into Jiahua to improve the bank's capital replenishment ratio.

After holding an absolute controlling stake, Dongfang Electronics can hold a general meeting of shareholders at any time, reshuffle the board of directors, and reduce the influence of American shareholders. Moreover, Dongfang Electronics has also interviewed all the middle and senior management of Jiahua Bank. There is a saying that those who know the times are handsome, and when the major shareholders are strong, smart people will naturally make the right choice.

"Americans are not fools either. They have so few shares that they will retain at most one seat on the board of directors after the reshuffle! Most of the bank management has been persuaded by us. They can't afford to set off the wind and waves, and if they continue to retain Jiahua's equity, they can only eat some dividends at most!"

Li Xuan said with a smile. "What's more, we still have countless reasons for the bank not to pay dividends for a few years, and they don't want to get any benefits! And we will soon increase capital and expand shares, if they want not to be diluted equity, they can only continue to invest money, so it is the best choice to leave the market as soon as possible!"

"The Americans made an offer of 210 million Hong Kong dollars yesterday, which is slightly higher than our bottom line of 200 million yuan!" Han Peng said.

"Since the difference is not too great, let's spend more money and agree. Now there are rumors of Jiahua Bank's equity transfer, and this matter should not be delayed for too long. So as not to cause all kinds of unfavorable messages, notify Standard Chartered Bank to agree to their offer!" Li Xuan nodded and said.

"Alright, I'll call Sir Goldon later!" Han Peng agreed approvingly.

"There are a total of seven seats on the board of directors of Jiahua Bank, and the original allocation was three seats for the Lin family, two seats for the management, and two seats for the representatives of the American shareholders! Although the Lin family has transferred its shares, I plan to retain Lin Xinyi's board seat after the reorganization, and he will also join the company's management. Woo some elders of the Lin family in the bank to contain the current management. ”

Li Xuan tapped his fingers lightly on the coffee table and said to Han Peng: "The two board seats that originally belonged to the management are still unchanged, and the management will try not to adjust them in the next six months." Of the remaining four board seats, a representative of Standard Chartered Bank occupies one seat. In the next round of expansion, they will join as strategic investors. No more than 10% of the shares. As the chairman of the board of directors, you naturally have to occupy a seat. The remaining two seats will be converted to non-executive directors. Hired from the outside!"

As the saying goes, if you listen to both, you will be clear, and if you believe partially, you will be dark. Li Xuan has always hoped that the voices of the company's management will be diverse. Different people are in different positions. The perception of the company is different. Listening to external voices can sometimes lead to better problematic findings.

Since the acquisition of ATV, Li Xuan has always attached importance to the role of non-executive directors in corporate governance, hoping that they can truly play a supervisory role, rather than just a rubber stamp to sign in at a meeting.

Han Peng nodded and said, "I have already begun to consider the list, and when the time comes, I will list a few candidates for your reference, Xiao Li Sheng!"

"Your chairman of Jiahua Bank is not easy to be! I read the information, most of their loans are concentrated in real estate projects!" Li Xuan glanced at Han Peng seriously, "The wave of housing prices in Hong Kong has basically come to an end, and China and Britain are likely to start negotiations on the future of the Hong Kong issue in the near future."

If the progress does not go well and the two sides start a tug-of-war, Hong Kong will definitely be affected. At that time, the stock market and the property market, where bubbles are concentrated, will inevitably suffer heavy setbacks! Therefore, the first important task after you take office is to adjust the structure of bank loans.

Before the property price starts to fall, try to package and sell all the real estate loan projects to other financial institutions, even if you suffer some losses. Anyway, we will inject capital into the bank next, which is just right to minimize this negative impact!"

Li Xuan and Han Peng left the company in a hurry after talking about Jiahua Bank, and he asked others to have dinner today.

"Dean Huo, hello!"

Li Xuan saw an elegant middle-aged man, led by a waitress in a kimono, open the sliding door and walk in, he immediately got up from the tatami mat and said with a smile.

"Xiao Li Sheng, hello!" the person who came smiled at Li Xuan.

Li Xuan invited Professor Huo Qiuxing, Dean of the School of Business Administration of the Chinese University of Chinese, today. Professor Fok studied for his master's and Ph.D. degrees at the University of Tokyo, Japan, and lived in Japan for nearly 20 years before returning to Hong Kong. Therefore, Li Xuan specially chose this Japanese-style tavern in Sheung Wan to meet him.

Although Huo Qiuxing met Li Xuan for the first time, he was no stranger to him, who can be called the most special student since the establishment of Chinese University. Although Li Xuan has taken a leave of absence from CUHK, the Chinese University still claims that he is one of the most well-known alumni of CUHK.

In less than two years, he founded an electronics company with an annual output value of hundreds of millions of dollars, and Huo Qiuxing naturally couldn't afford to be a teacher in front of such a demonic student.

"Dean Huo, I took the liberty to invite you here today because I wanted to ask you for advice on some questions!" Li Xuan said very politely, "After a round of rapid development, Dongfang Electronics Company's enterprises have gradually become complex. How to improve the management ability of the enterprise, we are in urgent need of external specialized institutions to provide some strategic support for the development of the internal management at the same time.

At the same time, with the continuous expansion of Dongfang Electronics' globalization strategy, many external risks such as politics, beliefs, and economic development levels in different regions must also be considered as a whole for the company's market development. Therefore, we hope to establish an independent think tank, the Oriental Economic Research Center, to support the company's high-level decision-making!"

Most European and American companies will hire world-renowned consulting and management institutions such as McKinsey, Roland Berger, Accenture, etc., as external intellectual support for the company's strategic development. Dongfang Electronics has also established a certain cooperative relationship with one or two of them, and they have come to help the company better explore the European and American markets.

But Dongfang Electronics is a Hong Kong company after all, and the environment in which it is located is not the same as that of European and American companies. Those management consulting firms do not have a strong branch in Hong Kong, so it is difficult to accurately understand and grasp the real situation of Dongfang Electronics. This mission can only be solved by guò Dongfang Electronics and preparing to build its own think tank.

Li Xuan asked Huo Qiuxing to ask President Ma Lin of CUHK to study the export-oriented development model of large Japanese enterprises for many years. The path that Dongfang Electronics will take in the future is very similar to that of Japanese companies, which is why Li Xuan intends him to preside over the future Oriental Economic Research Center.

"You are an expert on export-oriented economic issues, and you have been studying the development model of Japanese enterprises for many years! Hong Kong has a small market and lacks resources, and if Dongfang Electronics wants to become bigger and stronger, it must also aim at overseas markets. Therefore, I sincerely hope that you can help Dongfang Electronics to build an economic research center and serve as a guiding light for the company's next development!" Li Xuan said straight to the point.

Huo Qiuxing was not ignorant of Li Xuan's purpose in inviting him to dinner. But Dongfang Electronics was still wrapped in a layer of fog in his eyes, and he didn't dare to agree without a detailed understanding of the situation.

I have studied the development of Japanese companies a little, but the specific environment in which each company is located is different, the advantages and disadvantages are different, and the development strategies that need to be adopted are naturally different.

For example, in my opinion, Hong Kong is not very suitable for the development of the electronics industry. Hong Kong's higher education adopts an elitist strategy, and the number of skilled talents cultivated each year is far from being able to support it, and Hong Kong's economy is transforming from labor-intensive to higher-level technology-intensive.

Specific to Dongfang Electronics, in fact, I am also a little curious. Before your company's success in developing arcade machines, Hong Kong did not have any gaming industry base. It was the great success of your company that quickly spawned a new industry in Hong Kong, and according to my statistics, there are more than 20 companies related to game development in Hong Kong.

In addition, your company has invested a lot of money in Hong Kong to establish the Oriental Real Room, and I can feel the courage and ambition of Xiao Li Sheng. However, Hong Kong's industrial foundation in the fields of semiconductors and electronics is relatively weak, and it is difficult for Dongfang Electronics to compete with similar Japanese enterprises with state support by relying on Dongfang Electronics' own investment! Of course, perhaps my understanding of Dongfang Electronics is still relatively shallow, and the conclusions I have made are not accurate!" Huo Qiuxing said with a smile and shook his head.

Li Xuan heard a bit of Professor Huo's voiceover, and he didn't think that he could convince the other party in a few words: "Dongfang Electronics is not a listed company, and there is very little information disclosed to the outside world. If Professor Huo is interested, I will have the details of the company sent to your office in a few days. After you have a general understanding of the current development of Dongfang Electronics, we will make some corrections to our shortcomings!"

After talking about business, the two of them became relaxed in the following conversation, and began to talk about some other interesting things. Li Xuan does not give the impression of a young man in his early twenties, but by a calm and open-minded temperament, it is easy to ignore his real age. (To be continued......)