Chapter 864 Acquisition

Sony and Hyundai Semiconductor announced on May 18 at the Shilla Hotel in Seoul that they had signed an agreement not to transfer TFT LCD technology to third parties, but Samsung's blocking was shattered. Samsung Group has made it clear that it will sell its TFT LCD business to Jinghua for $350 million. The $350 million price also makes the deal well-supported by Hyundai Semiconductor's many shareholders.

The research and development of TFT LCD technology will cost billions of dollars every time the technology is upgraded, and failure to upgrade means that the previous R&D investment will be wasted. With Hyundai Semiconductor's current debt-ridden situation, the TFT LCD business is a chicken rib for them. It is very suitable to sell this chicken rib business for $350 million.

"Yaga!" In a luxurious room at the Shilla Seoul Hotel, Shifu Matsusaka was so angry that he placed the wine glass in his hand on the glass round table. He chose to stay at the Shilla Hotel in Seoul just to see how Lu Jingshen would look when he returned to China. He chose to sign an agreement with Hyundai Semiconductor not to transfer TFT LCD technology to a third party, and placed it at the Shilla Hotel in Seoul just to see Lu Jing's lost expression.

However, now all this makes him look like a joke.

Matsusaka Shio didn't know what agreement had been reached between Samsung and Jinghua, but his plan to transfer back to the electronics field within the Mitsui Consortium was shattered, and he was very unhappy when he thought of the call from the hateful woman Nagai Shizuka who gloated last night.

On May 15, Luo Yinghao returned to Jianye. Yuan Dongyun, president of Samsung Electronics Greater China, was very disappointed with the agreement reached between Samsung and Jinghua, and said in a private chat with Luo Yinghao: "How could the chairman make such a decision? After Jinghua got the TFT LCD technology, he was like a tiger with wings. ”

Luo Yinghao sighed and said, "That's what the president told me. He said: 'Is Samsung afraid of competition from a Chinese electronics company?' When did Samsung Electronics' managers become so narrow-minded? ’”

Yuan Dongyun was dumbfounded. I don't know what to say. Of course, he admired Chairman Lee's boldness. But there is a faint premonition of bad luck in my heart.

Samsung can overtake Sony. However, Jinghua may not be able to surpass Samsung.

Lu Jing didn't know about Matsusaka Shifu's frustration. In the acquisition of Hyundai Semiconductor's TFT LCD business, the first to make an obstacle was Samsung's Luo Yinghao. However, thinking about it, Luo Yinghao is also very depressed now. His plan was to serve the interests of the entire Samsung Group, and he had to be subservient.

On May 21, Cheng Jianfeng, on behalf of Jinghua, signed a TFT LCD business transfer agreement with representatives of Samsung Electronics in the office of Hyundai Semiconductor's headquarters building.

Lu Jing, Ding Ling, and Yu Haoning witnessed this moment as representatives of Jinghua. Samsung's representatives are headed by Kim Woo-young. Hwang Hyun Bin, chairman of Hyundai Semiconductor, was present as a representative of Hyundai Semiconductor.

After the signing, more than a dozen people in the office opened champagne to celebrate. The official signing ceremony will be held at a press conference to follow. However, most of them here will not attend.

Ding Ling held the wine glass in his hand and looked at Lu Jing who was talking to Jin Yourong with a smile. Although, the final agreement will need to wait for the approval of the South Korean government before it can be finalized. But this time it can basically be considered a foregone conclusion.

She never thought that Lu Jing's hole cards would be rare earth quotas, and it is estimated that most of Jinghua's high-level executives are confused. Not to mention people outside of Samsung's core decision-making hierarchy.

Jin Yourong looked at the young man in front of him with a smile, "Mr. Lu, Chairman Li is very prescient." The $350 million price could prompt the deal to close as quickly as possible. As he spoke, he raised his glass, "I wish us a happy cooperation!" ”

These words were a little harsh, Lu Jing smiled slightly, and calmly raised his wine glass, "Happy cooperation." "As for. If you really have this idea in your heart, then only Lu Jing himself knows the way.

Soon, the news that Jinghua and Hyundai Semiconductor reached an agreement to acquire their TFT LCD screens for $350 million soon spread back to China. The media, which were still criticizing Jinghua a week ago, immediately changed their tune again.

"The media is the virtue. After a long time, everyone will get used to it. In a small shop of rice noodles across the bridge in Seoul, Lu Jing smiled and said to Zhou Fusheng and Yang Xian, who flew to Seoul to see him.

There are many Chinese students at Seoul University. In a small street outside the school, there is a cross-bridge rice noodle shop. Mainly to do the business of students. The boss is from southern Yunnan and is not fat. Happy. The couple runs the small shop.

Hearing Lu Jing and their Chinese speaking was very cordial, and gave Lu Jing one percent more weight than usual.

Bowls of rice noodles arrived quickly. Thin rice noodles are accompanied by emerald green vegetables, ham and seafood, which are full of color and flavor.

"Well, it tastes quite authentic." Yang Xian took a few bites and said praisefully, "Jing Shao, how did you find this small shop?" "After talking about things in the hotel in the morning, Lu Jing specially arranged a car to invite them to come here to eat bridge rice noodles.

Lu Jing smiled: "How can I have the ability to discover this small shop." Pointing to Li Huiqiao on the table next to him, he said, "Li Huiqiao recommended it." ”

Ding Ling, Li Muqing, Xie Qiyan, Li Huiqiao, and several of them sat at a table. Lu Jing sat at a table with Du Weicheng, Zhou Fusheng, Yang Xian, and Cheng Jianfeng.

Yang Xian nodded, and then talked about the topic of work.

Jinghua has won a large amount of land in the Hansheng Software Park transferred by Su Yuan in Jiangzhou, and is preparing to build the Jinghua Software Park. After the acquisition of South Korea's Hyundai Semiconductor's TFT LCD business, Jinghua's internal R&D project on Linux system, codenamed Huaxing, will be officially launched.

Jinghua Software Park will recruit a large number of Linux system software talents at home and abroad. Strive for the research and development of Jinghua's unique intellectual property rights of the smart phone operating system.

At the same time, Jinghua Electronic Technology Research Institute will carry out the research and development of the fifth generation of TFT liquid crystal technology. The touch screen is the key module of the touch screen smart machine. This is one of the reasons why Lu Jing attaches great importance to this acquisition in South Korea.

"As a result, we have to work harder. Jinghua's R&D strength needs to be expanded. Zhou Fusheng said with a smile.

Lu Jing ate the delicious rice noodles across the bridge and said, "It's up to you to make up your mind." You are the troika that drives Jinghua! ”

Everyone laughed heartily.

After Jinghua won the TFT liquid crystal technology, Lu Jing was in a hurry to arrange for Huaxing's project to be carried out. However, he needed to meet Zheng Meng first because of the night. had to let Zhou Fusheng and Yang Xianfei come to Seoul to see him.

Before dinner, Lu Jing sent Zhou Fusheng and Yang Xianfei out of Seoul. took the car and Ding Ling, Du Weicheng, and Cheng Jianfeng to attend the dinner arranged by Zheng Mengxian at the Philadelphia Club.

The Philadelphia Club is one of the top business clubs in Seoul. The clubhouse is equipped with a variety of recreational and sports facilities. It also provides three different types of restaurants for members: Chinese restaurant, Korean restaurant and Western restaurant.

Zheng Meng first arranged the dinner in a Western restaurant. The environment of the western restaurant is elegant, and the music is as if there is no music. It's the kind of meditation that can be appreciated, and the conversation completely ignores the level of comfort that is most comfortable for the guests.

"Mr. Lu, thank you for your support." Before the dinner began, Zheng Mengxian thanked him from the bottom of his heart.

At the board meeting of Hyundai Merchant Marine held a few days ago, Zheng Mengxian returned to the board of directors of Hyundai Merchant Marine as an executive director with the support of various shareholders with 33% of the voting rights. With the origin of Hyundai Merchant Marine and Hyundai Group, Zheng Mengxian can be said to have retaken over Hyundai Merchant Marine.

According to the feedback from Counselor Che, Jinghua's decision to support Zheng Mengxian may not be so popular with the South Korean government.

Lu Jing smiled and said, "President Zheng is polite. I hope that Chairman Zheng can bring Hyundai Group out of the current predicament, and then we will have a good time. ”

Hyundai's plight is no secret to South Korea at the moment. Everyone is speculating about when this once-glorious group will collapse after the vicissitudes of life. Therefore, Lu Jing said it very directly.

Zheng Mengxian lifted his glasses with a slightly wry smile and sighed: "Mr. Chenglu's auspicious words." The Hyundai Asan Group loses hundreds of millions of dollars every year, and the pressure on me within the Hyundai Group is very great. If I am able to return to Hyundai Merchant Marine this time, I will definitely work hard to make the profits of Hyundai Merchant Marine cover the losses of the Hyundai Asan Group. ”

Park Hong-gi sighed lightly, and the corners of his mouth moved. In the end, he didn't say anything.

Cheng Jianfeng glanced at Lu Jing in amazement, feeling bad in his heart. The information of the Hyundai Group is almost the same as that collected by the Jinghua intelligence department. After all, it is not a confidential information, and it is not difficult to collect.

The once glorious Hyundai Group was divided into three parts of the world before Zheng Zhouyong's death. Zheng Mengxian's elder brother, Zheng Mengjiu, mastered Hyundai Motors. His younger brother, Zheng Mengyun, mastered Hyundai Heavy Industries.

Hyundai Group's best assets were spun off. Zheng Mengxian, who runs the remaining business of Hyundai Group, struggled. Before Zheng Zhouyong's death, there was such a sentence in the media to comment on the situation of the Hyundai Group, and there was everything in the Hyundai Group. There is just no funding. This is a metaphor for Hyundai Group, which has become an empty shelf because of losses and debts.

Zheng Meng first inherited the Hyundai Group, after large and small fission turmoil. Until now, only a few companies with Hyundai Merchant Marine and Hyundai Elevator as the core have remained.

Chung Mong-seon has long focused on running the Hyundai Asan Group's Mt. Kumgang tourism business, misestimating the development of the situation between the two Koreas. The Hyundai Group has been ignoring the companies for a long time and allowing their situation to deteriorate. He has to pay some responsibility for the fission of the Hyundai Group.

And the focus on the tourism business of Mount Kumgang is because his son inherits his father's ambition. Zheng Mengxian never forgot his father's legacy.

Now Zheng Mengxian is still operating Hyundai Merchant Marine to save the attention of Hyundai Asan Group, which makes Cheng Jianfeng not worried. The wrong direction you choose, the more you work hard, the farther you will get from your goal. Cheng Jianfeng wanted to speak, but Lu Jing shook his head gently. This is a family matter involving Zheng Mengxian, if they point it out, it will be a bit superficial.

Lu Jing did not persuade Zheng Mengxian to give up the idea of Hyundai Asan Group's Mt. Kumgang tourism business. He really shouldn't have said that. Moreover, Zheng Mengxian's life and death success or failure will not have much impact on Jinghua. The cooperation between the parties is limited to modern merchant marines.

At the end of the dinner, Lu Jingdao: "President Zheng, I have something I want to talk to you about alone. ”

"Oh? It's good. Zheng Mengxian agreed with some surprise, he didn't know what Lu Dao Lu Jing wanted to talk to him about. (To be continued......)