If last year was the most difficult, this year has been the busiest.

At the same time, it has invested in four countries and regions in China, Hong Kong, Germany and Vietnam, and its business covers most of the world. The stalls are getting bigger and bigger, and the mode of operation and management is seriously lagging behind, so it is necessary to carry out a comprehensive adjustment. In addition, a reasonable arrangement should be made for the priority of investment and R&D projects and the allocation of funds.

Because of this, the day after Zuo Heng and Assad escaped, Cao Xuyang, manager of the commercial department, Daniel, general manager of the overseas department, Henry Peirce, deputy general manager of the overseas department, and the managers of various overseas sales branches returned to the headquarters to participate in the first plenary meeting of managers and executives this year.

Li Xiaoshan, general manager of the Chinese company, Hu Meiqi, deputy general manager, Han Jun, manager of NB Electric, and Zhou Zhicheng, manager of NB Electric, also came. As executives who pay taxes and earn foreign exchange, they are no longer the same as they used to be, and they no longer have to wait in line for a quota to go to Hong Kong once they come to Hong Kong.

“…… Vietnam Electric Power Machinery Manufacturing Co., Ltd., under the jurisdiction of two power equipment companies, its Dongan Electric Power Equipment Co., Ltd. is larger, located in Dongan Development Zone, Hanoi City, mainly produces 6~110kV transformers, 6~35kV high-voltage switchgear, low-voltage distribution boxes and bare aluminum wires; Located in Ho Chi Minh City, Shetu Power Equipment Co., Ltd. mainly produces 66~110kV transformers and power towers; And as far as we know, these two companies can only do 66kV. ”

The Ministry of Industry of Vietnam and its subordinate Vietnam Electric Power Company proposed that we establish a joint venture with the above two companies to jointly establish NB Electric Dongan High and Low Voltage Complete Co., Ltd. and NB Electric Shedu Transformer Co., Ltd. We invested 24 million Hong Kong dollars and 58 million Hong Kong dollars respectively, and the Vietnamese side invested in the land, existing plant and equipment. Dongan High and Low Voltage Complete Co., Ltd. holds 66% of the shares, and Shedu Transformer Co., Ltd. holds 65% of the shares.

As far as we know, the Soviet-aided factories are still in use, and almost all the production equipment needs to be replaced. From the perspective of equity distribution, Vietnam's conditions seem to be harsh, but the Vietnamese government has also ceded the market, after all, the above two companies are the only two power equipment manufacturing enterprises in Vietnam.

From this point of view, the joint venture is extremely beneficial to us. As long as we come up with excellent products, as long as we have enough production capacity, we can open up the Vietnamese power equipment market through cooperation and joint ventures, so Manager Assad does not need to feel guilty about this. ”

Liu Siwei's last sentence made everyone laugh suddenly. Assad was embarrassed and nodded his head to his colleagues in thanks.

As the general manager of the Ministry of Commerce, Cao Xuyang had the need to maintain the order of the meeting, and immediately reminded, "Colleagues, the chairman has introduced it very clearly, and then please discuss the issue of investing in Vietnam." ”

Daniel glanced at Li Xiaoshan and Hu Meiqi on the other side, and said bluntly: "Ladies and gentlemen, everything that has happened and is happening in Eastern Europe is enough to show that communism has come to an end, and I think it is very risky to invest in Vietnam now." ”

Poland, East Germany, Czechoslovakia, Hungary, Bulgaria and Romania, so many socialist countries collapsed one after another, and even the Soviet Union, the boss of the Soviet Union, could not protect itself, and at this time it seemed very risky to invest in socialist Vietnam.

Daniel was talking about the matter, and Henry Pierce thought so, and he said in a strange way: "Does this mean that China is also dangerous?" ”

"Gentlemen, I propose to develop a divestment package to ensure the security of investment in Chinese factories."

"I also think China is what we should be concerned about right now."

………

The overseas branch managers have changed from the previous investment in Vietnam to whether the current Xiangjiang factory can be kept.

In the first half of last year, the XZ riots, followed by the student riots, and the wind up and down were all soldiers, for fear of "peaceful evolution", and no one could say what would happen tomorrow. Li Xiaoshan and Hu Meiqi, who have the most right to speak, have mixed tastes and don't know how to speak.

It is normal to be not optimistic about China's prospects, and perhaps even the central leadership could not have imagined that China's economy would flourish next.

While looking around at the crowd, the charter said meaningfully: "Gentlemen, I am sure you have all heard the saying that risks and opportunities coexist. For now, investing in Vietnam is very risky, but we should be more aware of how rare this opportunity is for us! A country's electricity market is open to us, and as long as the product is good enough and the action is fast enough, then we can occupy a share that we would not normally think of. ”

The joint venture with two power equipment companies under the Vietnam Electric Power Company was a monopoly before the peers entered Vietnam, and as the charter said, this is indeed a golden opportunity.

Daniel weighed it, looked up and smiled: "Zhang, I am a shareholder of NB Electrician, not a shareholder of NB Electric." Now that you and the chairman have made up our minds, all I can do is support. ”

"Me too."

"Then let's talk about the second question, where will the money come from?"

Speaking of money, Wang Bingcun, the chief financial officer, got up and said: "Colleagues, we all know that the Berlin R&D Center of NB Lab has received funding from the German federal government and the Berlin state government. According to the plan formulated by the chairman and Zhang Gong, the sales profits of NB electrician, NB electrical appliances and NB high and low voltage complete sets will still be used as the R&D funds of the Hong Kong NB laboratory, overseas market expansion and the normal expenses of the headquarters. Investment in Vietnam still comes from loans, and at 9 am yesterday, HSBC agreed to lend us £20 million, equivalent to HK$260 million. ”

"How is it possible for HSBC to lend us so much?"

"There is nothing surprising about this, the articles of association and the chairman pledged the original shares of NB Electrician with a market value of 300 million Hong Kong dollars, and the bank will certainly not have an opinion. The reason why they chose to use equity mortgage loans is that the time is relatively tight, and the second is that they do not want to affect all the shareholding employees, including you, to cash out. ”

According to the current stock price, the ban on the original shares has been lifted, and all of you here are millionaires.

Daniel was waiting for the money to buy a mansion for his wife, how could he not know the good intentions of the charter and the chairman. Because a small batch is listed and circulated, it will not have any impact on the stock price. Once the articles of association and Liu Siwei's large original shares are lifted, it will inevitably have an impact on the stock price.

This is responsible to colleagues and shareholders.

After working together for more than two years, it seems hypocritical to say those words of thanks, Daniel nodded slightly, and asked: "Vietnam's total investment is less than 100 million Hong Kong dollars, and there are more than 100 million?" ”

"Part of it is for the Taiwan R&D center, and part of it is for expanding the Chinese market."

Li Jinghao, the manager of the Korean branch, was confused and asked, "Expand the Chinese market?" ”

"Yes."

The charter took over the conversation and explained step by step: "China has a relatively complete foundation for the power equipment industry, unlike Vietnam, which is poor and has nothing. Moreover, after so many years of reform and opening up, many competitors are already doing this work. Coupled with the prevalence of local protectionism, we must solve the problem of access permits within two years. ”

Stubborn again, Daniel said helplessly: "Okay, since you think China is fine, then let's study the export after investing in Vietnam." ”

"High-voltage products are not switch panels, which is really troublesome, so the company has to make some adjustments in structure and personnel."

It was related to their respective positions, and they immediately sat up straight, for fear of missing a word.

While signaling Cao Xuming to distribute the materials, the charter solemnly announced: "Considering that there will be more and more investments in the future, the headquarters will set up a preparatory department and an audit and supervision department on the basis of the Ministry of Commerce, the Planning Department, the Finance Department, the Human Resources Department, and the Investment Department. Han Jun, the manager of NB electrical appliances, served as the manager of the preparatory department, and was fully responsible for all the preliminary affairs of the construction of the factory, such as infrastructure projects and equipment procurement; You Ruiqin, Chief Financial Officer of Heung Kong Company, Manager of the Audit and Supervision Department, is fully responsible for the financial audit and supervision of various departments and branches;

At the same time, four regional companies were formed: Americas, Europe, Asia-Pacific and Africa, and the regional president was fully responsible for the operation of factories, product sales and other matters required by the headquarters in their respective regions, except for NB Electrician and Chinese companies. Mr. Henry is President of the Americas, Mr. Daniel is President of Europe, Mr. Assad is President of Africa, and Mr. Nguyen Shao Kyung is President of Asia Pacific. The Ministry of Foreign Affairs was abolished, and all relevant affairs in the headquarters were transferred to the Ministry of Commerce. It is clear from the information on the authority and functions of the regional company, for the time being, the European and Asia-Pacific regions are under the greatest pressure, so what departments need to be set up and who people are needed, the four CEOs please feel free to speak. ”

"Zhang Gong, I'...... I...... Isn't it a good fit for me to be the President of Asia Pacific? ”

Looking at Ruan Shaojing's appearance of wanting to speak and stopping, he smiled and said, "Mr. Ruan, you are very familiar with Southeast Asia, and no one is more suitable than you." As for the Vietnamese government, you don't need to worry at all, even if you don't have the right of abode in Hong Kong, the Vietnamese government won't dwell on this issue. ”

To be responsible for the sales of the three companies and NB Electric's full line of products in Asia, Ruan Shaojing glanced at the information and looked up and said, "Then I ask Mr. Li Jinghao to be the vice president of the Asia-Pacific region." ”

"No problem."

"I want to have the Asia Pacific headquarters in Hong Kong."

The charter nodded heavily and agreed: "No problem! ”

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