Chapter 546: The Choice of Opportunity

[Please keep in mind the domain name of this site" ", or search in Baidu: Sanlian Literature Network]

Fan Wuxian was still not able to eat at home at night, and Boss Zhu invited him.

Of course, Boss Zhu would not invite him to dinner for no reason, this time he just asked him to participate in the negotiation dinner with Kodak.

But in any case, there is nothing to say about Boss Zhu's attention to Fan Wuxi, just because Fan Wuxian said that he would participate in the acquisition of Kodak's film industry, he nodded without hesitation, which means that some things done in the past few years need to be adjusted, and the impact on the negotiation team is still great.

At present, the negotiation with Kodak is the representative of the domestic film industry federation, and the representatives of seven photosensitive material manufacturers in China, including Lekai, have participated, so this time the dinner also includes the representatives of these seven companies, as well as the negotiators of Kodak, as well as several leaders of national ministries and commissions, a total of more than 20 people participated.

Naturally, Ye Ying, the plenipotentiary representative of Kodak, was also a focus of the dinner party, Fan Wuxian admired her very much, she was so old, and she was dressed like a butterfly wearing flowers, it really took a lot of courage.

After the latest stage of negotiations, the cooperation agreement has basically been decided, the Chinese government has implemented different policies for six domestic photosensitive enterprises except Lekai, Xiamen Fuda, Shantou Gongyuan, Wuxi Almei and Kodak joint venture, Shanghai, Tianjin, Liaoyang and other three enterprises in the joint venture company during the three-year infrastructure construction period will not cooperate with any other foreign joint venture, Kodak to pay the Chinese side for the transfer of assets and economic compensation of 400 million US dollars. On the basis of this agreement, Kodak was allowed to invest US$1.2 billion in China to establish a production base for photosensitive materials, which in fact created a monopoly position in the domestic film market.

There's a small change here, and that's . Of the $1.2 billion investment, $200 million is funded by Fan's Investment Group, which means that Fan's Investment Group has a 16% stake in the soon-to-be-built Kodak China Company.

But Fan Wuxian also made it clear that since. He will not interfere in the company's management business, but only hopes to get the due profits, and after three years, Kodak can buy 16% of the shares in Fan Wuxi's hands at its discretion.

This practice of Fan Wuxian made Kodak very confused. I can't figure out why Fan Wuxian would put forward such a strange condition, if Fan Wuxi's previous proposal of sharing digital camera technology for three years is still more reliable, then this investment dividend condition is a bit confusing.

With the support of policies, it is necessary to establish a monopoly market, although not. It takes too much strength, but three years, that is, to make Koda a monopoly of the Chinese film industry market, at this time and then choose to sell the equity, Kodak feels that Fan Wuxian shot a little too early, at least five years, Kodak's production capacity and market cultivation will show actual results, although three years later, Kodak is confident that the investment will be recovered and have a great profit, but relative to the future market estimate, at this time to recover the equity, Fan Wuxi's income will be relatively low, It is not in line with the principle of maximizing investment returns.

All in all, it's a very puzzling condition.

Although I don't understand it, Kodak can't help but take into account Fan. Since he proposed this acquisition cooperation proposal, Kodak cannot but seriously consider it and promote this matter.

At least for now. This condition is not bad for Kodak, and it can even alleviate some of the company's financial pressure, and make Kodak's plan for China more realistic.

During the banquet, the representatives of Kodak Company toasted Fan Wuxian one after another, saying that the future cooperation time is very long, and everyone should contact more.

The mentality of the seven film manufacturing companies involved in the negotiation is different, and the joint venture Xiamen Fuda, Shantou Gongyuan, and Wuxi Almei are naturally very happy, and the huge debt problem can finally be solved, and the prospects for future cooperation seem to be very good, at least for the management, there is a good way out.

Shanghai, Tianjin, Liaoyang and other three enterprises will not cooperate with any other foreign investors during the three-year infrastructure construction period of the joint venture, and Kodak will pay the Chinese side US$400 million in asset transfer and economic compensation for this purpose. This condition is also acceptable, after all, these three companies are basically ready to change production, at this time can get economic compensation, naturally the best result, at least everyone in the transition to production, you can have a relatively large amount of support funds.

One of the most unhappy is Lekai Film, although they strongly resisted the acquisition of Kodak at the beginning, but now it seems that it is unstoppable at this time, now that the acquisition plan has been decided, then Lekai will face a stronger competitiveness in the future.

After all, for the Chinese market monopolistic Kodak company, but more terrible than the small Japanese Fuji, their 100 years of technical strength and strong funds, are beyond the reach of Lekai, just in the investment in scientific research, Lekai can not be compared with others, not to mention the gap between digital camera technology and some other civilian medical film manufacturing industry, not to mention that Kodak is a comprehensive image and graphic solution provider.

Ye Ying was talking in English with two executives of Kodak, and looked at Fan Wuxi, who was dealing with others very comfortably, and she said, "This Fan Wuxian is very difficult to deal with, and I haven't figured out what he wants to do until now, and this is the first time in my many years of working in journalism and foreign affairs." ”

An executive replied, "This Mr. Fan is also a genius in the world's financial circles, although the outside world underestimates his assets, but most people believe that he is far richer than Bill Gates, but these funds are scattered around the world through various channels, so that everyone can not have an accurate statistics, and the wealth of Bill Gates and others is visible stocks and so on." ”

"Fortunately, he is just asking for dividends, and if he participates in management, it will cause us a lot of inconvenience." Another executive said with some relief.

Ye Ying drank the red wine in the cup, and then said to the two people, "Actually, I also have some expectations, to see what this legendary young man is going to do, is it just to hold our shares and sell them at a price in the future?" ”

"Even if you just want to invest in our shares, you will have a lot of income in the future." An executive said.

Ye Ying nodded, not that she was confident in herself, but as a Kodak company with very strong financial strength and technical strength, it was very easy to make a lot of money in the Chinese market under the premise of basically monopoly, so even if Fan Wuxian simply invested in shares, he would get a great return.

But she always felt that Fan Wuxi's decision was not so simple, and no one knew what it was.

Boss Zhu was not very clear about Fan Wuxi's decision, and asked him when he was drinking, what was the way here, but Fan Wuxian said with a smile that business secrets could not be disclosed until the time was over, otherwise it would not work.

In fact, Fan Wuxian is very clear that the agreement reached this time is to a large extent the victory of Ye Ying and Kodak's public relations strategy in China, and the most important significance is not that Kodak has acquired all photosensitive material companies except Lekai, but that Kodak has given Kodak the opportunity to develop independently in the Chinese market for up to three years.

As Ye Ying herself once said, she feels that the first is very dangerous, because when you are the first, you are the target of everyone, and everyone wants to replace you, so it is not the safest to be the No. 1.

This deep sense of crisis is certainly due to Ye Ying's pursuit of Kodak's sustainable development, but the more important reason is that the agreement reached now can only protect her for three years. Three years later, Fujifilm will make a comeback and go head-to-head with Kodak China, and the growing Lucky will also be pinched in the low-end market. The anticipation of the top three made Kodak feel the danger of the future.

In the agreement, Lekai was retained as the only national brand in China, which is regarded as a high-level hand, and did not hand over all the photosensitive enterprises to Kodak to take care of, otherwise, Ye Ying may not say that it is the most unsafe to be No.1, but I am No.1 Who am I afraid of, because in that case, she will no longer have an opponent.

In fact, fundamentally speaking, Lekai is by no means Kodak's opponent, Lekai will reach the status of competing with Kodak, obviously it will take time, but if Lekai and Fuji join forces after three years, Kodak will have no way.

In fact, as far as Fan Wuxian knew, three years later, Fujifilm began to launch a counterattack against Kodak on two fronts: traditional film and digital printing. Despite its slow pace, Fujifilm has made gradual progress in the Chinese market, with 300 units of its own brand of digital printing equipment sold in less than a year, and Fujifilm even plans to build 1,000 Fujifilm digital printing stores with the equipment within three years.

Not only is the digital camera a trump card for Fuji to fight back against Kodak, Fuji is indeed quietly approaching Lekai to seek a joint venture, once the joint venture becomes the first one, Fuji has a legal manufacturer in the Chinese market, and Kodak's position as the leader in the Chinese photosensitive market will be in jeopardy.

However, Fan Wuxian also knows that obviously Kodak is also a little too worried, because the government's pressure on Fuji is very large, because in the process of cracking down on Fujian Lai's, Fuji was found to be involved in a large number of film smuggling, Fuji was basically completely defeated in the Chinese market, which can be regarded as Kodak's luck.

Of course, no one would have imagined that this would happen now, not Lekai, not Kodak, and Fujifilm.

Fan Wuxian knows very well what his $200 million investment will become in the future, and he also knows how far Kodak's monopoly road can go? Choosing an appropriate time to intervene and then make a profit is the most important thing.

There are no pop-ups