Chapter 448: Restrictions with Clauses
"In the future, we will use Hyundai's sales channels and influence in South Korea to open up the market for Jaguar xF and Land Rover Aurora, and we will be able to export Jaguar xJ and Range Rover to South Korea, which I think will be much easier than expanding the Korean market ourselves."
"As for technology, Hyundai Motor is willing to suffer in the proportion of investment, that is, we have taken a fancy to our technology, since it is a joint venture production, then the loss of technology is inevitable, as long as we firmly control the key core technologies such as motives and transformers. Besides, the joint venture is only produced for the mid-to-high-end models of Jaguar and Land Rover, and there is relatively little advanced technology contained in it, so I don't think it's a big problem. ”
Parady? Adelaide said: "We need them to open up markets for us, and they want to get our technology that looks like a better deal than the equivalent of a deal." However, if Zheng Zhouyong knew that we were driving Jaguar's mid-level model xL, it is estimated that he would be more cautious about cooperation. ”
"Huh." Gu Chen smiled and said: "Hyundai Motor mainly produces low-end cars, and definitely doesn't want to have xL as a competitor in South Korea, but how can people's ideas be exhaustive, he cooperates with us, learning our technology is secondary, and the most important thing is to occupy the high-end model market in South Korea, so even if he doesn't cooperate with us, Zheng Zhouyong will also cooperate with others." ”
After speaking, Gu Chen turned his head to look at John? Barroman, said: "What about you, John, Lee Kun-hee Tong does not agree with our capital injection plan to Samsung Electronics? ”
John? Barroman's face seemed a little helpless: "Lee Kun-hee agreed in principle that we should inject capital into Samsung Electronics, because Samsung Electronics has just merged with Samsung Semiconductor and Wireless Communications not long ago, and it needs funds to carry out several research projects. However, he did not agree with the size of our capital injection and the proportion of shares we obtained, and after two days of talking, there was not much progress, and I began to wonder if he was sincere. ”
Hearing this, Gu Chen's brows suddenly furrowed, his plan was to inject $500 million into Samsung Electronics to dilute the shares of other shareholders of the company and increase his shares from the original 14.3%. rose to 36.5%, becoming the company's second largest shareholder. Correspondingly, Samsung Group's stake in Samsung Electronics will drop to 42.2%, and although it will remain the largest shareholder, it will lose its absolute controlling position.
And from John? According to Baroman's words, Lee Kun-hee does not want to lose his absolute controlling position in Samsung Electronics because of the introduction of funds.
After pondering for a while, Gu Chen felt that maybe he should talk to Li Jianxi in person in the afternoon: "What stage is the negotiation at now?" ”
"I increased the size of the capital injection to $550 million. The shares remain the same, but ...... "John? Barroman shrugged his shoulders and said, "Lee Kun-hee's control of Samsung Electronics has exceeded my expectations, and I can hear from his words that it is not that we do not have enough capital injection, but that the shares we are asking for are too high, and I want him to agree to our share request." I don't think it's easy. ”
"Okay, I know what's going on, you inform Lee Kun-hee, I'll talk to Lee Kun-hee in person in the afternoon, Samsung Electronics must take it."
Parady? Adelaide and John? After Barroman left, Gu Chen sat on the sand and smoked a cigar. I don't know what I'm thinking......
After the lunch break, Gu Chen first visited the headquarters of Hyundai Group, the whole process of the visit Zheng Zhouyong was very enthusiastic, to more than three o'clock in the afternoon to come to the headquarters of Samsung Electronics, Li Kunxi personally to the door of the group to greet, and then took him to visit the main departments and two research rooms of the headquarters of Samsung Electronics, during which he acted as a commentator, personally introduced various relevant situations to Gu Chen. Until the end of the tour.
On the way to the conference room, Gu Chen said with a smile: "It is no accident that Samsung Electronics can have its current achievements, every employee has a vibrant face and a very high enthusiasm for work, I think this is an indispensable factor for the success of a company." ”
Guo Yunxi next to him immediately translated his words to Li Jianxi, and Li Jianxi was obviously very happy to hear it, and laughed heartily. "Hehe, it's an honor and a pleasure to hear such praise from Mr. Gu, as you can see just now, Samsung Electronics has always been committed to providing the best working environment and treatment to its employees," he said. The purpose is to maintain the enthusiasm of every employee. ”
Gu Chen said meaningfully: "With Li Huiyou's leadership, the future of Samsung Electronics is full of brightness, and it seems that my decision is very correct." ”
Lee Kun-hee smiled and didn't answer, and then the conference room also arrived, in addition to Lee Kun-hee, the president of Samsung Electronics (the chairman of Japan and South Korea is equivalent to the chairman, chairman of the board of directors, and the president is equivalent to the president, executive officer or general manager) and Gu Chen, John? Except for Guo Yunxi, the assistant and translator of Baroman and Gu Chen, the other Samsung Electronics executives who accompanied the tour did not enter the conference room.
After sitting down, Gu Chen said straight to the point: "I have learned about the negotiation from Mr. John, please forgive me, the current market value of Samsung Electronics is about 1.72 billion US dollars, I think my plan has greatly overestimated the market value of Samsung Electronics." ”
"Mr. Gu is right, your plan does overestimate the market value of Samsung Electronics, but in this way, Samsung Group's shareholding in Samsung Electronics will drop to 42.2%, which will seriously threaten Samsung Group's control over Samsung Electronics, which is unacceptable to me and the leadership of Samsung Group." Li Jianxi's face was indifferent, this time he didn't hide it anymore, and said his true thoughts very directly.
Gu Chen nodded and said, "I can understand Chairman Li's concerns, but I don't agree, if Samsung Electronics wants to grow rapidly, it is inevitable to accept financing in the future, and it is very difficult for Samsung Group to maintain its controlling position in Samsung Electronics forever." ”
"And losing the controlling stake does not mean losing the controlling stake, the main thing is that Chairman Li can lead the company to move forward."
"Now that Samsung Electronics is in an important stage of reform, I believe that Chairman Lee will need a large amount of money to support your reform plan, in addition to the $550 million capital injection, if Samsung Electronics needs it in the future, Standard Chartered Bank will provide high-quality loans."
"With Standard Chartered Bank's financial support, the pace of the Samsung Electronics Show should be smoother, and I don't think any investment company has the ability to make such a commitment to Samsung Electronics. At least at the current stage of Samsung Electronics' reform, no one dares to make such a promise. ”
Although Samsung Electronics is already one of the top electronics companies in South Korea, the company's business model is low-quality mass production, and it is far from being the most valuable technology company in Asia in the future. In the case of unclear prospects, Gu Chen's capital injection plan and promise that Standard Chartered Bank will provide financial loan support when necessary in the future is quite favorable conditions.
Lee Kun-hee was indeed tempted, but there was still a wisp in his heart, and after a while, he said: "I can promise your capital injection plan, but I have one condition, you and any individuals and units related to you are not allowed to acquire shares of Samsung Electronics in the stock market without the consent of the board of directors of Samsung Electronics, and if you agree, then it will no longer be a problem." ”
There are still about 8% of Samsung Electronics shares circulating in the stock market today, and if these 8% of the shares are acquired by Gu Chen, then Gu Chen will become the largest shareholder of Samsung Electronics, and then he will have to give up Samsung Electronics, which the Li family worked so hard to create.
Because he knew very well that he couldn't compare with Gu Chen in terms of financial resources, he could only use the terms of the agreement to bind Gu Chen.
As for whether it will cause trouble, he is not too worried, he believes in his control over the board of directors, and the current shareholders of the board of directors of Samsung Electronics are all old people or their descendants who founded Samsung Electronics with his father Li Bingzhe, as long as he can continue to lead Samsung Electronics forward, do not make big mistakes, and ensure their interests, I believe that these people will always support him.
Gu Chen frowned, this condition is a bit overbearing, he really doesn't like it, but he only hesitated slightly, then nodded, and said with a smile: "Yes, I agreed to this condition, now all the obstacles have been removed, I hope we can cooperate happily." ”
Saying that, Gu Chen got up and stretched out his hand to Li Jianxi, the most important thing at the moment is to increase the shares of Samsung Electronics held by him, and it is not too late to talk about the rest.
"It's a pleasure to work with." Li Jianxi also had a smile on his face, with Gu Chen's financial support, his reform plan could be carried out smoothly. As Gu Chen said, even if it does not cooperate with Tang Dynasty Investment Company, Samsung Electronics will cooperate with other people or companies.
After the general direction is determined, the rest is simple, and then the president of the Tang Dynasty Investment Company, John? Barroman and Samsung Electronics President Choi Myung-hae discussed some details, and it took only two hours to draw up a draft agreement, but it was not signed on the spot.
According to the prior arrangement, the South Korean government will hold a signing ceremony the day after tomorrow, at which the agreement between Jaguar Automobile Group and Hyundai Group to establish a joint venture automobile production company and the agreement of Tang Dynasty Investment Company to inject capital into Samsung Electronics Company will be formally signed.
The purpose of this is nothing more than to promote Gu Chen's investment in South Korea, and then use Gu Chen's international influence to increase foreign investors' interest and confidence in the Korean economy. The reason why this is necessary is that due to the slowdown in world economic growth, the South Korean government expects that the GDP growth rate this year will drop significantly compared to last year, so the Korean government has to adopt some methods to stimulate the economy.
Tips: The new domain name "biquge.info" has been launched by Biquge, and the original domain name is about to be discontinued. Please tell each other, thank you!