The development of enterprises should be down-to-earth, and there is nothing wrong with this.

However, the development of enterprises is to seize the opportunity and rapidly expand their scale, which is not wrong.

As an electrical appliance company that spans semiconductors, small motors, ice washers, TVs, cameras, and other products, Sanyo has many things that the Korn Ferry Group needs.

Of course, Jiang Hui's interest in businesses such as refrigerators, washing machines, and TVs is not very large, but so many domestic home appliance companies must be happy to take over this content from Guanghui Group.

For Guanghui Motors, Sanyo's motors are very famous, and they are also the technology that Guanghui Motors is eager to master.

Whether it is a traditional fuel vehicle or an electric vehicle in the future, the demand for motors is very strong, especially in the era of electric vehicles, batteries and motors are the core technologies.

Sanyo has both battery and motor technology, and ATL under the Guanghui Group is also a big leader in the battery field.

At least Guanghui Auto's own battery definitely does not need to be purchased.

For an electric car, the most expensive thing is the battery, and it can even be said that you can buy a battery and get a car.

In the future, Panasonic can become a leader in the field of electric vehicle batteries, and the most important thing is that after acquiring Sanyo in 2008, it got Sanyo's battery technology, otherwise Tesla will not find Panasonic as its own battery supplier.

Similarly, Sanyo's camera business and semiconductor business can also be found in Guanghui Automobile, and there is a wealth of room for development in Guanghui mobile phones.

Now Guanghui Automobile and Guanghui mobile phones do not use Sanyo's products, not because Sanyo's products are not good, but because using Sanyo is not the best choice for Korn Ferry Group.

But when Sanyo had become a subsidiary of the Korn Ferry Group, the situation would have been completely different.

When the time comes, I wonder if Goldman Sachs will regret selling Sanyo cheaply?

"No matter how big an enterprise is, once it can't keep up with the pace of the times, it will be eliminated very quickly", Jiang Hui thought with emotion while listening to Tang's article introducing Sanyo's situation.

"In 2004, Sanyo Electric's subsidiary, Niigata Sanyo Electronics, was hit by an earthquake and incurred a huge amount of debt due to losses of about 50 billion yen (about 2.595 billion yuan) due to the lack of insurance. Sanyo had blamed the crisis on this natural disaster, but it could not avoid its mistakes in the process of business transformation."

In November 2005, Sanyo announced that it would gradually transform from a comprehensive home appliance manufacturer to a technology company focusing on green energy businesses such as rechargeable batteries and solar power generation, as well as mobile communications businesses such as mobile phones, and significantly reduce its white goods business.

Problems followed: Sanyo's mobile phone business, the most important source of profit, was constantly eroded by brands such as Sony, Panasonic, and Samsung due to a lack of innovation."

In December 2006, Sanyo announced a recall of 1.3 million mobile phone batteries due to battery quality issues. In March 2007, Lenovo and the U.S. Consumer Product Safety Commission jointly announced that they would voluntarily recall 200,000 lithium laptop batteries produced by Sanyo.

Since then, Sanyo's businesses have been spun off one by one. In May 2007, GE acquired all the shares of Sanyo Electric Credit Company, and in January 2008, Kyocera acquired Sanyo's mobile phone division ......", Tang quickly and simply explained the situation faced by Sanyo to Jiang Hui.

"Mr. Guan, have the funds of Guanghui Investment been in place?"

The soldiers and horses have not moved the grain and grass first, since they are ready to buy Sanyo, they must prepare in advance where the funds will come from.

As the company with the largest amount of cash held by Korn Ferry Group, Korn Ferry Investment has used the funds obtained from the sale of some shares such as Tudou in the past two years to toss in the stock and crude oil futures markets, and is now an invisible giant with assets of more than $20 billion.

"We have a billion dollars in cash ready at the moment, and another 5 billion dollars in oil futures contracts are ready to be released. ”

When they heard Guan Weidong's words, Tang Wenwen, Zeng Qingying and others were shocked.

Although they are the executives of the Korn Ferry Group, they more or less know that there is a mysterious financial department in Korn Ferry Investment, but no one thought that this notorious financial department holds such a huge amount of funds.

The concept of five or six billion dollars in 2008 is still very different from that of five or six billion dollars ten years later, and the purchasing power is not at the same level at all.

It can be said that the entire Celestial Empire, enterprises that have the ability to directly come up with their own funds of five or six billion US dollars in a short period of time without the help of banks, can be counted on one hand.

In the previous life, Panasonic spent about more than 6 billion US dollars on the overall acquisition of Sanyo, but this money was not taken out at one time.

Therefore, Korn Glory Investment has prepared a billion US dollars in cash, which is basically enough for Jiang Hui to play.

After the acquisition is really negotiated, it is enough to pay other funds step by step.

"This time Goldman Sachs took the initiative to come to the imperial capital to negotiate with us, and help us meet with the other two major shareholders, it can be described as a golden opportunity, missed this village, and then want to acquire Sanyo as a whole in the future, it is basically impossible, so we can only succeed this time, not allowed to fail, I hope that the acquisition of Sanyo will become the beginning of the journey of Guanghui Group in 2008, to have a good start. Jiang Hui looked at Guan Weidong and Tang Wenwen and said.

Sanyo's three major shareholders -- Goldman Sachs Group, Yamato Securities of the United States, and Sumitomo Mitsui Banking Corporation -- except for Goldman Sachs and the Sunway Ferry Group, the other two Jiang Hui are only known by their names, but they don't even know where the other party's door is opening.

Needless to say, Goldman Sachs Group is the top capital predator on Wall Street, holding shares and high-quality assets in many companies around the world.

In the Celestial Empire, Goldman Sachs maintained good relations with major banks and large enterprises, and shuttled among them as advisors, partners, and investors. Of course, some market participants pointed out that the reason why Goldman Sachs has repeatedly succeeded and made huge profits before is not only due to the "connection" factor, but also related to the fact that the market is in its infancy, the supervision is not yet perfect, and the maturity of market participants is low.

Goldman Sachs spent about $2.58 billion as a strategic investor in 2006 to buy a 7% stake in ICBC. Subsequently, ICBC was listed on the Shanghai Stock Exchange and Hong Kong Stock Exchange, and the overall strength of ICBC continued to increase while its operating performance improved steadily. In terms of asset size, core capital, total deposits and market capitalization, it ranks first in the global financial industry.

Over the years, Goldman Sachs' influence in the Celestial Empire has also become very large, and of course, as one of the representatives of Wall Street in the United States, Goldman Sachs' influence in island countries should not be underestimated.

You must know that island countries can be said to be economic colonies of the United States, such as Goldman Sachs, **** and other financial investment institutions, which hold shares in many listed companies in island countries, and their influence cannot be ignored.

(End of chapter)