1415. Out of Scratch (10/10)

It was rumored that Bombardier once wanted to sell a majority stake in the CSS jetliner research project to Airbus Europe, and later it was rumored that Bombardier would spin off its rail transit equipment division to raise shares or sell a majority of its shares to a Chinese company, saying that the purpose was to raise funds to complete the CSeries research and development.

It's fake, yes, Bombardier does want to sell the research project of the CSeries jetliner, but it is looking for a successor, they want to research a new generation of jetliners, and they want to take the initiative in the competition with Airbus and Boeing in Europe.

This is also one of the purposes for Bombardier to recruit Chagunis as CEO, Chagunis is Boeing's executive vice president and general manager of marketing, and he knows Boeing well, and Bombardier has also made great efforts to poach him.

Chagunis signed a non-compete agreement with Boeing, but when he decided to jump out of Bombardier, Boeing did not stand in his way, and it is said that he had some small controls at the top of Boeing, and the two sides negotiated a compromise.

This is not important, it has nothing to do with Qin Shiou, what he wants to pay attention to is the upcoming Bombardier C Air Passenger Aircraft Holding Company, because he will rely on this company in the future to receive hundreds of millions of Canadian dollars in dividends a year.

The Quebec provincial government's investment in Bombardier is indeed to avoid the loss of a large number of jobs, Bombardier's previous layoffs are not a joke, they really want to cut the C series R&D project, now there is no need for a production line, they want to play the card of the future market.

But the provincial government of Quebec did not allow that to happen, and they asked Bombardier to produce the Series C R&D project, promising that the province would provide resources to sell it.

Furthermore. In order to influence Bombardier's decision-making, the provincial government of Quebec did not hesitate to enlist the largest civil servant and workers' pension fund in the province to raise funds to form a subsidiary of Bombardier. The goal was to create the C Series.

As a result, the executives, led by Chagunis, believe that the injection of funds will increase Bombardier's flexibility in capital scheduling and operations. And Bombardier still has a controlling stake in the subsidiary, so it thinks the deal is good for Bombardier.

Most importantly, according to the information given to him by Chagunis, Bombardier's liquidity can increase to $7 billion after receiving investment from the Quebec government, the Foundation and him, which is enough to complete the production and sales of the CSeries.

In this way, Bombardier will be able to use the profits generated by the CSeries aircraft to fund the development of the next generation of jetliners, so that even if the Canadian economy continues to deteriorate, it will not put additional financial pressure on Bombardier's headquarters.

Another important piece of information is: Bombardier has already produced two CSeries aircraft and will be able to deliver them to customers early next year, which means that they are actually on the CSeries production line ahead of schedule, and even if the Quebec provincial government regrets not investing now, they will have to produce the CSeries.

Of course, Bombardier is not afraid that the provincial government of Quebec will really withdraw its investment, this is not a trick, Quebec does this. Bombardier will consider gradually moving its operations out of Quebec, anyway, the Canadian provinces are all eager for mega-companies like Bombardier to settle in.

After reading this information, Qin Shiou burned it directly. Then it was put in a bag and given to him in the evening at dinner with Chagunis.

When Chagunis got this pile of ashes, he and Qin Shiou looked at each other and smiled. Everything is in plain sight.

Winnie arrived late in the evening, just in time for dinner. Chagunis invited them to his home, where he and his wife cooked the meal.

For Canada's shopping mall predators. This invitation represents Chagunis who regards Qin Shiou as his closest partner.

Qin Shiou was very happy.

The nineteenth was the preliminary investment shareholders' meeting, Qin Shiou entered the venue wearing a straight suit, and no one paid attention to him, thinking that he was just a waiter or an assistant to a tycoon.

The meeting, which was held in-house at a hotel, was attended by a complex group of investors and was attended by a wide range of investors, and Bombardier would send a senior executive to introduce the subsidiary and invite them to invest.

As a result, when it was time for the meeting, Qin was invited to the first row, with Sarah Bebe Jackson, the former Quebec economy minister, who was considered the preferred candidate for the subsidiary's first general manager, and a senior executive of the Quebec Retirement Depositary Investment Fund on the right.

At this moment, the participants were dumbfounded, and they only then knew that this young man who looked heroic and full of tough guy air had a great background, and it was not as simple as they had guessed before.

The effect of the meeting was average, at least Qin Shiou thought so, because he had read everything talked about at the meeting yesterday, and what he saw was a more real and detailed version.

At the end of the noon meeting, they were about to leave, when suddenly the security guard of the hotel came in and told them to calm down and not leave for the time being.

Qin Shiou walked to the window and opened the curtains to look out, and saw a group of people surrounding Ulala outside, crowded and excited, like migrant workers begging for wages surrounded the hotel, pulling banners, holding wooden signs and shouting slogans, and there was already a mess outside.

At a glance, you can understand that these people are all workers who were fired by Bombardier last time, and today they got the news that Bombardier held a subsidiary financing meeting, so they came to make trouble.

It had nothing to do with him, all he had to do was stand aside and watch Bombardier take care of it.

He doesn't need to pretend to be a good person or a righteous person, this kind of thing is not well judged, and it is better for outsiders like him not to mix in.

Now it's not just Bombardier that is laying off workers, it's many large companies that are doing the same, so Quebec must create more jobs if it wants to invest in the production line of C-segment airliners.

Because of the low oil prices and the sharp decline in business investment, according to Qin Shiou's knowledge, the Canadian economy contracted in the first half of this year, and the economic growth in the second half of the year has not yet come out, and the statistical results will only come out in February next year, but there will be no good news.

Qin Shiou took out his mobile phone and began to pay attention to Canada's macroeconomic issues, after all, his identity is different now, he is a man who is about to become a heavyweight shareholder of Bombardier's subsidiary, and he has to understand the economy, so that he can sell stocks at any time in the future and cash out......

The person in charge of the Bombardier organization meeting went out to negotiate with the protesters, but the result was not established, and they ignored him, and Bombardier's CEO, Chagunis, came out and promised to rehire them.

The demands of the demonstrators are reasonable, since the subsidiary is going to be established and the production line is going to be reopened, then there will definitely be a need for manpower, and they will have to be rehired as old workers and old employees first, right?

The rally was gathering more and more around the hotel, and the influence was growing, and Chagunis had to come forward.

As a result, as soon as Chagunis came out, the demonstrators were immediately furious, and they did not know what was going on, they actually broke through the temporary defense line of the police and security organizations and killed Chagunis...... (To be continued......)