Chapter 18: Group Buying Overseas Shopping

"You make cars, and I make cars. But I'm not trying to compete with you for the market, McLaren costs more than 10 million yuan for a car, who can compare? As soon as Chen Bo's words fell, many people's faces changed.

Is this a brazen way to show off? Even if the parent company of Jinling Automobile only started by making agricultural tricycles, it has a market value of nearly 10 billion yuan, and it is a standard large company anywhere in the world.

"Unlike your professionalism, I am an investor who only joined the automotive industry because I saw the prospects for the development of the automobile industry in our country." Chen Bo changed his words and continued, "When you open the door, you are an opponent, and when you close the door, you are a friend." Since we're sitting at the same table, I'm not going to twist it. What do you need now? Better car technology, an international brand that opens the market faster! Isn't it? ”

Seeing this, Chen Bo continued, "My advantage is my relationship overseas, and you have to find a middleman to go out to talk about business, and you have to find a middleman to prevent being stabbed and slaughtered." You can also go out and inquire, who has I been angry with outside? Who dares to cheat me! What happened to Bill Gates, the richest man in the world? I sold him more than 10 billion dollars for a chat app, how much is that? More than 100 billion yuan! ”

Yes, he blew it with this opening, but it is also worth showing off, because of this deal, some media have praised him as a fairy.

Whoever wants to say that they don't know that he did this thing, obviously they are not qualified to sit here. This was a sensational event at the time, and it was called the deal of the century. There is almost no difference between the selling price and the net profit.

Chen Bo spat and flew, and the more he talked, the more energetic he became, and he almost slapped the table. "Instead of fighting separately, we might as well learn from the two neighbors of South Korea and Japan, hold a group, what technology do you want, what brand he wants, and negotiate privately and then talk about it together. Not only has it increased its right to speak, but its strength has also grown, what is the point of going outside to fight you to the death, and letting others make a profit in vain? Isn't it still the interests of our own people that are being harmed? ”

"It's a nice thing to say, if so many companies want it, how do they coordinate? When you go out to buy overseas assets, where does the money come from, it is all about using foreign exchange reserves, and you have to apply in advance! Although Mr. Liu of Jinling Automobile is no longer yin and yang, there are words in these words, which are clearly aimed at Chen Bo and secretly aimed at the cumbersome approval process at the upper level.

"Ahem!" The leader of the Ministry of Industry coughed dryly, cleared his throat and said, "At this stage, the growing demand for overseas high-quality assets is gradually increasing, and the state attaches great importance to this aspect, but this involves the coordination of various departments such as the Ministry of Industry, the Ministry of Commerce and the Central Bank, and a one-size-fits-all reform is not realistic." However, the process will be greatly simplified in terms of application approval, and it is expected that the slowest time will not exceed 3 months. ”

As soon as these words came out, everyone applauded and applauded, in the past, it took a lot of effort to acquire overseas assets.

Especially for state-owned enterprises, not only do the directly managed departments need to be approved at all levels, but also the unavoidable National Development and Reform Commission, and transactions below 10 million US dollars are found in the province, and no matter how high they are, they have to be reported for approval again, and the daylily is cold when they come and go.

Now it has directly shortened the cost and time by several times, although there are still many problems, but at least one is a save.

"Although the country's foreign exchange is already tight, it is not a big problem." Chen Bo continued, "Our B&P fund is willing to undertake a financing channel in the middle, lending US dollars for overseas acquisitions, and using RMB for domestic repayment. As for the interest rate, it will definitely be within the range of your bearing, and the chairman of the foundation, Mr. Rogers, is currently negotiating with the city government to set up a pilot project, which will be an unsecured pure credit loan, completely solving this worry. ”

"It would be so convenient if it could be done!"

"Who's to say it's not, so it saves time and hassle to apply for foreign exchange. If you borrow US dollars, you have to repay US dollars, and we don't have so much overseas business, how can we afford this risk! ”

……

This proposal has indeed won the approval of many people, which is equivalent to building a bridge between the country and the outside world, saving a lot of unnecessary trouble.

Hedge funds do have a usury function, and the annual interest rate of 25% is considered small. Compared with the bank, the annual interest rate of about 7% is absolutely profitable, but that is also because the funds are all investors, and the money is not held by themselves.

But most of B&P's money is Chen Bo's, as long as it can operate successfully through this industry, it will be able to gain a foothold in China smoothly, and keep up with the pace of economic development in order to make more profits.

"Why are you so kind? What businessman is unprofitable and can't afford to be early! Of course, there are also doubts.

"Why? Just because I am an upright Chinese who cares about the motherland. I have also been subjected to intransigence and racial discrimination abroad. Why? In the final analysis, it is because we have been weak for a long time, and only when we unite and unite with the outside world can we not be played by those international capitals. Why are so many domestic steel companies always led by the nose by those giants in the annual iron ore negotiations, it is because of disunity! ”

"Ahem, when it comes to automobile manufacturing, other industries are not discussed." The Ministry of Industry official reminded awkwardly.

"Well, it's impossible to say I'm not selfish. Private equity funds earn interest and exchange rate differences, and this Mr. Nicholas has been immersed in Wall Street for many years, not only to provide a professional advisory team for overseas acquisitions, but also to open up the joints, but also to help many companies operate public financing. And if I have a debt-to-equity swap agreement, I can get the right to subscribe for the original shares, and helping you is helping me! ”

"Only when our Chinese company has a firm foothold in the world, can I have the confidence to speak outside! We Chinese can straighten our backs and not be bullied!! ”

Chen Bo's words were impassioned, and they sounded enthusiastic, and everyone here was not stupid, and after a little pondering, they could analyze how feasible it was.

After his anti-guest remarks, the minds of others came alive.

Professional people do professional things, Ron talks about cars, Nicholas popularizes professional investment banking knowledge, and JPMorgan Chase's influence in the United States, they can't help but be unmoved.

Chen Bo only participated in this closed-door meeting for one day, and his role was to draw cakes, cheer up, and knock on the door first.

If he really sat down at the negotiation table with a blushing face and a thick neck to discuss all kinds of detailed rules, he really couldn't do it.

This involves not only the interests of the company itself, but also the development of the local region. They come from all over the country, and when you go to buy a foreign company, you not only increase your own strength, but also have a light on the leadership side, right?

Therefore, this closed-door meeting has been tossed for five or six days before it is finally finalized, and B&P funds come forward to form a temporary overseas shopping consortium.

In the past, Chen Bo went abroad alone, and there were few helpers. Now, well, there are finally domestic companies on the rise, so that they will not be too lonely, at least to carry out any acquisitions will not only focus on him.

I have to say that after having money, the Chinese people are still quite hungry.

A private enterprise in western Zhejiang has taken a fancy to Ford's Swedish brand Volvo, and Lingnan Automobile has taken a fancy to Jaguar Land Rover, not only interested in niche brands such as Saab and Saturn, but also interested in South Korean car companies Ssangyong and Daewoo.

It's not too much to describe it as hungry.

Since they have formed an alliance with the same interests, then directly carry out a quick operation on the spot, so that they also have to see their own strength.

McLaren immediately signed an agreement with Shencheng Automobile to set up a mainland company after receiving the Lotus trademark brand from Malaysia's Proton Motors, and invested 2 billion yuan with a wave of his hand.

Although a tractor factory registered the Lotus trademark and logo as early as the 80s, it was successfully transferred after receiving a large buyout fee under the pressure of Shencheng Automobile.

The MG brand was not involved in brand disputes, and after some negotiations with the custodian PricewaterhouseCoopers, it was finally sold for 9.8 million pounds. It was a lot lower than the 15 million pounds in the original Jinling negotiations, and it was directly transferred to the thirsty Jinling Automobile without adding a penny, so that they were the first to taste the sweetness, and it also made other companies quite hot.

The hot fight here not only adds a lot of pride to the people, but also makes the local government shine on their faces, which are all genuine investment and GDP contribution rate, in other words, a stepping stone for promotion.

After a few efforts by the old man Rogers, the good news and the bad news are five or five.

The hedging orders of the three major airlines, China Airlines and China Eastern Airlines, are still seized by Goldman Sachs, which is ubiquitous, involving a total contract value of more than one billion US dollars. But the old man was not without gains, and got the hedging contract of China Southern Airlines, and the agreed fair price fluctuated between 75-110 US dollars, so there was a lot of room for maneuver here.

China Southern Airlines was the first to develop, with more than 300 aircraft, and the amount of fuel consumption alone can be imagined.

The most important thing is that you can take this opportunity to fight with Goldman Sachs, and also let those high-ranking officials see who is cheating people and who is betraying the country.

On the premise of large investment in the auto industry, the city government also nodded and agreed to set up a financial pilot, with B&P funds as the bridgehead for overseas acquisition financing, but also stipulated that the annual interest rate should not exceed 18%, otherwise it would really become a loan shark.

At the same time, B&P has also applied for a GFII (ordinary foreign investor) license, which can have a quota of 1.5 billion US dollars, which can be directly converted into RMB to invest in A-shares. This approach was introduced at the end of 04, because the national currency did not achieve a fully freely convertible management instrument for the limited introduction of foreign capital, but the holding of shares in a single company should not exceed 10%.

At first, it was called a QDII (Qualified Foreign Institution) license, which was subject to stricter management and a much smaller amount. UBS, Goldman Sachs, etc. are of this type.

The reason why B&P Fund was able to obtain a GFII license has to be said to be due to the bonus factor of Chen Bo's national attributes.

(End of chapter)