For overseas acquisitions, the degree of support given by the Celestial Empire at different stages is different, and of course, the nature of the acquired enterprises is different, and the support is certainly different.

"Okay, but we'd better communicate with the local government in advance and increase the local government's support for us by committing some investments. Although the bank is a vertical management model, theoretically the local government cannot manage people, but the theory is the theory, the practice is the practice, with the support of the local government, our M&A loan interest, approval speed, supervision and other aspects will have many advantages. ”

Although the reputation of the Guanghui Group is very good, if it is necessary to borrow from banks on a large scale many times, it is difficult to guarantee whether these institutions will have any ideas, so Guan Weidong suggested submitting it to communicate with the local government, and Jiang Hui felt that it was quite reasonable.

"Just do what you say, keep in touch with related departments, I think Guanghui Group's foreign investment in the acquisition of high-quality enterprises should still be supported. ”

The Celestial Empire's foreign direct investment started relatively late, and the investment mode was mainly new construction, and overseas project contracting and labor export were the main forms of investment. In the 90s of the last century, the Celestial Empire's foreign direct investment developed rapidly, and overseas mergers and acquisitions have gradually become an important way for Celestial Empire enterprises to invest abroad.

In fact, we can divide the development process of overseas mergers and acquisitions of Celestial Empire enterprises into two stages, which correspond to the two peak periods of the development of Celestial Empire's foreign direct investment.

In the first stage, from 1992 to 2000, there was the first peak of foreign investment, which was mainly dominated by window companies or companies with more innovative thinking, and concentrated on some industries and products that could be welcomed in the local market, such as mechanical and electrical products and textile products. From a regional point of view, the distribution of investment at this stage is also mainly concentrated in Southeast Asian and African countries that have trade relations with the Celestial Empire. Generally speaking, the foreign investment at this time is mainly tentative, and the scale of mergers and acquisitions is not large.

In the second stage, after Tianchao joined TO in 2000, the foreign investment of Tianchao enterprises began to reach the second peak. The total amount of foreign investment surged from more than 2 billion US dollars in 2000 to more than 7 billion US dollars in 2001.

In 2015, there were a total of 593 overseas M&A projects implemented by Tianchao Enterprises, with a cumulative transaction value of US$40.1 billion (including overseas financing), of which direct investment was US$33.8 billion, accounting for 84.3%, involving almost all industries of the national economy.

At that time, various forms of financing also became more diverse.

"No problem, in addition, we investigated a lot of companies last year, if we want to complete the merger and acquisition this year, then in the next few months, Mr. Jiang, you are estimated to be ready to fly all over the world. ”

Jiang Hui has always been not very interested in going abroad, and most of the time he works in the Imperial Capital Guanghui Building, so Guan Weidong will specially remind him.

Last year, Jiang Hui arranged for Guan Weidong to look for potential acquisition targets, and Guan Weidong set up three acquisition evaluation teams for this purpose, including mobile phone parts, auto parts and other industries.

These industries are doing better, mainly island countries, the United States and Germany, no matter which country they are, Jiang Hui needs to personally participate in some negotiations or signing.

Just like the acquisition of Sanyo, although it has been basically negotiated now, it is only two days away from holding a signing ceremony, but even if it is not considered the preparation time for the early stage of Guanghui Investment, Jiang Hui's stay in the island country alone has been half a month.

This is quite fast, some acquisitions are dragged on, and it is not for nothing that they talk about planting every six months, or even several years.

"If you want to carry a crown, you must first bear its weight. Since the Korn Ferry Group is ready to start the buy-buy-buy model, then I, the general manager, can't stay in the office every day. In terms of schedule, you can rest assured, if you need to travel on business, you can contact Liao Yun at any time, and I will ask her to arrange the corresponding time as much as possible. ”

"Mr. Jiang, with your words, I am relieved. I'm not welcome to do that after that, don't blame me then. Guan Weidong said with a smile.

"I wish you had arranged for me to travel more and buy more companies. ”

"Mr. Jiang, this time we won Sanyo, which is the largest acquisition of the group, I guess many people are watching us laugh, do you have any plans?"

"Sanyo's current business is too wide, and it can even be said that it is a bit overflowing, and after completing the equity transfer of Sanyo, the first thing we have to do is to spin off some meaningless business divisions. ”

Starting from electric lighting, Sanyo has been involved in many fields such as audio, information and communication, household appliances, commercial machinery, electronic components, batteries, and biopharmaceuticals. In each field, there are many kinds of products, and in terms of household appliances that everyone is most familiar with, Sanyo basically produces all kinds of household appliances, from washing machines and refrigerators to televisions.

For Guanghui Group, such as household appliances, the significance of staying is very low, but domestic companies such as Haier and Midea should be very interested in him.

If you are not interested in these Radiant Group, but other Celestial Empire enterprises have a lot of ideas, they will be able to spin off and sell them at a suitable price, maybe the Radiant Group will be able to make a lot of money.

For example, Sanyo's washing machine was sold to Haier in later generations.

In fact, Haier and Sanyo are still very related, and this matter has to start from the 90s, which is also a mistake that Sanyo has made that everyone criticizes.

At that time, Sanyo washing machines accounted for most of the market in the island country, but due to the high requirements for the entry fee of several large electricity stores in the island country, Sanyo built its own sales network and competed with the price of household electricity stores.

In order to reduce production costs and maintain low-cost sales, Sanyo began to entrust part of the production of washing machines and refrigerators to the refrigerator group of the Celestial Empire in the late 90s, of which Haier was the main partner.

With the technical support of Sanyo, Haier has produced qualified "Sanyo brand" products. As a result, Haier has a good opportunity to develop rapidly, while Sanyo's value has plummeted because its products are branded as "Made in the Celestial Empire".

Sanyo should be the first multinational electrical appliance company in the island country to entrust its products to the Celestial Empire for processing, but Sanyo is obviously eating "crabs" too early. “

The 90s were different from now, it was the concept of the Celestial Empire, which was garbage. As a result, although it was sold at a low price, Sanyo was branded as a bargain in the island society. This can be regarded as one of the reasons why Sanyo embarked on the point of no return to failure.

However, for Jiang Hui, he has to thank Sanyo for these failures, otherwise there would be no Guanghui Group now.

(End of chapter)