Chapter 526: Doubts
Sharp is a large company, ranking 205th in the 1996 Fortune 500 list with $18.7 billion in assets.
In other words, of all the companies in the world, Sharp is already the top part of the pyramid. The shares of such a company can be imagined how precious they are.
TPV can cross-hold shares with BOE, which is that BOE's size is still small after all. Even if it is cross-shared, it needs to mortgage the patents of two key technologies, IPS screen and high-voltage driver IC, in order to borrow $800 million from TPV.
If it was Sharp, 800 million would be easily taken out. But in the case of TPV, the money will have to be raised for a month or two. In the final analysis, TPV is stronger than BOE, but it is not strong enough to look up to. Sharp didn't even send a vice president in charge of the LCD business, and it can already be seen that Hara Heisuke can sit on an equal footing with Nobunaga in his life.
So when Yuan Heisuke learned that Wang Zhongyang actually used such a trick to let BOE and TPV cross-sharehold, which is equivalent to an ancient marriage, the two companies will become a natural strategic partnership.
Things suddenly took an unexpected turn when he thought he was nine out of ten.
"This Chinese is really not to be underestimated!" Standing in front of Yuan Pingzhu was Du Zhenhua, the general manager of TPV.
Of course, the object of Hara Heisuke's evaluation is definitely not the general manager of TPV. As for whether it is Wang Zhongyang of BOE, or Zhou Shuo, it is unknown.
Du Zhenhua nodded, and said worriedly: "For BOE's mention, our President Xuan seems to be quite tempted. With the innovation of liquid crystal display technology. In the future, the demand for TPV LCD panels will definitely increase significantly, and it is a good choice to invest in an upstream company. ”
"Hmm. Of course, I'd prefer to work with Sharp. If Sharp can provide similar conditions, I will definitely be able to convince Mr. Xuan to choose Sharp. ”
The desire of downstream enterprises to develop upstream is always there. Any enterprise has the power to control the entire industrial chain with its own strength. This is not only reflected in the low purchase price, but also the enhancement of the company's ability to resist risks. Downstream enterprises that have invested in upstream enterprises can not only offset the risk of rising product prices with the dividends of upstream enterprises, but more importantly, they can provide stable supply capacity.
This is especially important in the LCD panel industry. The cyclical nature of the LCD panel makes it very obvious during peak and low tide periods. It is a common practice for the entire industry to expand and increase production during peak periods and merge production during low tides. However, when it comes to assembly companies, it is very unacceptable. The price is high when it is in stock, and it is not available when it is low. Isn't this a cheat? TPV can only get rid of this cheating situation by taking a stake in BOE.
As a company, ensuring circulation is the most important thing. Whether it is liquid capital or liquid goods, it is a necessary condition for the survival of an enterprise. Once TPV chooses BOE as the upstream supplier, why does BOE take care of TPV during the low tide? Only by becoming a shareholder of BOE is the safest policy.
"Anyway, thank you Toussaint for the news you gave Sharp." Hara Heisuke smiled with satisfaction and took out an envelope from a drawer. Pushed it over from the table: "This is a little thank you from us, not a tribute, please smile." ”
"Ah, then you're welcome." Du Zhenhua picked up the envelope with joy on his face. Weighing the weight, he happily put it in his pocket: "Since the news has been brought, then I will go back first." ”
Toussaint walked slowly. I hope we will have the opportunity to work together in the future. ”
Yuan Pingzhu watched Du Zhenhua walk out of the office, and after a while. Ruri Kyoka, who sent people back, was called in by him.
"Minister Yuan Ping, this news can't be fake, right? Du Zhenhua is TPV's general manager. How could TPV's trade secrets be leaked so lightly? Ruri Kyoka cautiously admonished Hara Heisuke.
Hara Heisuke glanced at her, nodded with satisfaction and said, "It's good that Kyoka can think of this!" But do you think this news is Du Zhenhua's own initiative? No, it must be Xuan Changsheng operating behind the scenes. ”
"TPV's chairman Xuan Sang!" Ruri Kyoka shook her head in surprise and said in disbelief: "But, why? ”
"It's just a bid on both sides, maybe Xuan Sang thinks that Sharp will come up with similar conditions for him to choose." Yuan Heisuke shook his head with a sneer: "TPV and Sharp cross-shareholding? He can't even swallow 1% of Sharp's shares, which is really whimsical. ”
"Wait......"
Hara Heisuke suddenly stretched out his hand to interrupt Ruri Kyoka's unstarted speech, and suddenly lowered his head and thought deeply.
"It's weird, it's really weird—"
Ruri Kyoka flashed her big eyes, and looked at Hara Heisuke curiously and frowned in contemplation. She didn't make a sound to disturb Hara Heisuke's thinking, although she was treated rudely, but she felt that such a minister was so handsome!
"The total assets of the Pan Han Group should be around six billion US dollars." Yuan Heisuke stretched out his hand and knocked on the table, and the relevant information in his mind flashed by, and a question came out of his mind: "Zhou Shuo has many high-quality Internet stocks in his hands, if he wants, he can easily mortgage a billion dollars of loans from major banks in the United States, why does he allow JD to borrow from TPV, and press the patents of IPS screens and high-voltage driver ICs?" ”
"If it's to win TPV's business, it doesn't make sense. With such a sum of money, directly expand his shareholding in BOE, even if TCL and Changhong are merged, this new group is enough to have an overwhelming advantage. ”
"Even if we don't invest in new production lines before the merger, but buy a large share of both companies directly in the market, we will still be able to gain a core position in this new group."
"The merger of the three companies is not a bad thing for the Pan Han Group, which really controls BOE. And Wang Zhongyang's proposal to figure out guò cross-shareholding will inevitably be approved by Zhou Shuo. It can be said that there must be a problem behind this plan, but what exactly is the problem? ”
Yuan Heisuke was silent for a long time, and Ruri Jingxiang said cautiously: "Minister Yuan Ping, could this be a trap?" Our previous analysis of Zhou Shuo shows that he always throws all kinds of baits, and then uses hidden hole cards to turn the tables at the end. ”
"This ......"
Yuan Heisuke hesitated, and said in disbelief: "It's not impossible, but who is he targeting?" ”
"If he had a conspiracy, who would he be targeting? Are we Sharp, or TPV? If it was TPV, what did he want to achieve? If it's Sharp, how can it involve us? Even if he has any decisive technology in his hands, we can continue to imitate it. ”
"The technology of liquid crystal is not so difficult to leapfrog, the key is capital investment. The construction of high-generation lines to reduce costs is the most effective means of competition. With the IPS screen and the high-voltage driver IC, the two most important problems of liquid crystal display are overcome, and other technologies are just icing on the cake. It's really unimaginable, what other technology can make him turn the tables. ”
Hara Heisuke shook his head vigorously, which had turned into a mess, and said with a long sigh, "I have too little information in my hands to support me to make a correct judgment." Jingxiang, contact China, I want to know the movement of all the funds in Zhou Shuo's hands! ”
"I'm going to notify the country, but the movement of funds like this is the most important business information, so I don't know if I can find out."
"Go for it, you have to make an effort." Hara Heisuke waved his hand and asked Ruri Kyoka to hurry up and do it.
And himself, after Ruri Jingxiang left, lit a rare cigarette. Hara Heisuke is a standard workaholic in the company, and at home he is a standard good father and husband, and he rarely has the opportunity to smoke.
Through the fog of cigarettes, he seemed to want to see what Wang Zhongyang and Zhou Shuo, who was hiding behind Wang Zhongyang, were planning.
Even he was thinking further, does Sharp have a chance to hold these two vital patents through TPV? As mentioned earlier, the value of these two patents is by no means merely half a billion dollars. In the hands of TPV and in the hands of Sharp, their value has a huge impact.
In the past year, Hara Heisuke has fantasized countless times that if Sharp came up with these two technologies, how good would it be?
But when he thought about whether he could get these two technologies from TPV, he was suddenly shocked - could this be Zhou Shuo's trap? Sharp paid a huge price for both technologies, and as a result, Panhan Group introduced better alternatives......
Thinking about it this way, it is simply a copy of Zhou Shuo's two successful cases in the past!
The more Hara Heisuke thought about it, the more he felt that the probability of this possibility was very high. Now that you know Zhou Shuo's purpose, how should you deal with it?
The cigarettes in Yuan Ping's assistant were smoked one after another, and this time he sat in the office for an afternoon. Until in the evening, suddenly there was a knock on the office door from the outside.
"Minister Yuan Ping, all the funds under Zhou Shuo's name that you want have come out!" Ruri Jingxiang couldn't wait to push open the door and barged in with a stack of Wen Jiàn in her hand.
Yuan Heisuke was stunned for a moment, and said incredulously: "So fast! ”
Ruri Jingxiang nodded sternly, and responded: "Well, and the movement of funds is also very ...... Surprising. ”
"Bring it to me." Hara Heisuke took the text from Ruri Kyoka's hand, and hurriedly opened it to read it first.
I saw that the more he looked at it, the brighter his eyes became, and he couldn't help but slap the table, and laughed heartily: "So that's what happened!" (To be continued......)