1651 was the year when the Hantang Group bottomed out and rebounded, and it was the year when the Hantang Group deepened various regulations.

In the Hantang Group, whether it is a liberal arts student or a science and engineering student, whether it is a boy or a girl, they are all happily busy and moving towards a new era.

For example, when they saw that the Mingren technicians produced and processed the first pot camel machine, and installed and tested it alone, and tested it alone, some technicians jumped up with joy.

At that time, everyone was really watching, DV and cameras were all on, and the scene was popping with magnesium powder flashes, for the cameras in this time and space, the lighting in this workshop was not enough.

and Secretary Yang Youxing kept saying something to the recorder in his hand, in short, everyone was concerned.

A few Akito mechanics who were testing the operation were a little nervous, and their faces were a little red.

Although they knew that the people of the Hantang Group did not beat or scold, because this was the factory of the Pan family - they just came to see the excitement, and the main owner was Pan Feng, the son of the Pan family, and he was the one who paid them, but there were too many people, and they began to have the shyness of a mechanic man.

However, nervousness to nervousness, they finally completed the task.

Deputy Director Su Libai jumped up and said, "Haha, it's really good, although it's only a little more than five horsepower...... This is made in Daming! ”

Director Li Ziqiang held down Su Libai, the deputy director of the factory, with only one hand, and said: "Fart, the carbon steel is provided by us, the power source is also provided by us, and even the slider is processed on our machine tool, which is not made by Daming, I can only say congratulations to us, they can turn into a formal lathe, the lowest level, the slightly more complex surface can be processed." ”

Director Ye Zihong said: "The requirements of the board of directors are really high......

Director Li Ziqiang said meaningfully: "Yes, we have turned on the difficult mode, and everything must be solved by themselves 100%, including the technology of the camel machine, if it can be improved, we can say that we have ushered in the era of the steam engine." ”

On the Ming continent, the day before officially entering 1651, a big event also happened.

How to deal with this major event, Hantang Group has long been prepared and has carried out a lot of analysis work, they not only use historical facts, but also some extremely rare gossip to corroborate and analyze each other.

Aixin Jueluo 61 Dolgon, the fourteenth son of Nurhachi, is the younger brother of Huang Taiji. In the early days of the Qing Dynasty, in the bandit group, outstanding political and military strategists, key figures in completing the foundation of the unification of the Qing Dynasty, and the de facto ruler in the early days of the Qing Dynasty, died of illness on December 31, 1650.

His death was a great loss to the bandit group of the Qing Dynasty.

During his stay in Beijing, he presided over the formulation of the laws of the Qing Dynasty, which increased the number of laws by more than 30%, and made great contributions to the social stability of the Qing Dynasty. At the same time, he called on the nobles of the Qing Dynasty to stake their land, so that the robbers could have their land, so that the nobles fully realized that following the Qing Dynasty was the advantage of having land; He unswervingly pursued the policy of cutting hair and making it easy to wear, believing that the people on the land of the Ming Dynasty would definitely succumb to the steel knife.

Yes, he succeeded for the time being, completed the initial transformation work, and if it were not for the arrival of the Han Tang Group, they would have succeeded for hundreds of years, and they would have let the descendants who were slaughtered by them sing their praises to them.

From him, Hantang Group learned the good methods of industrial mergers and acquisitions in this era, and also learned the tricks of the ancient version of PE (private offering) investment.

Or there is a saying that the dead educate the living.

Director Wu Dapeng finally wrote an analysis report on industrial mergers and acquisitions, and he could no longer use Yang Youxing's secretary.

It is said that Secretary Yang Youxing refused to admit his mistake because he wrote a wrong development roadmap, and even wanted to tamper with the original development plan because of this, and was engaged in a war of words with Director Wang Guotao at that time!

In fact, everyone knows that he mistakenly took out the three-phase goal in the original plan, but he still has a hard mouth and takes advantage of the situation to put forward a development model of great leap and progress in agriculture and animal husbandry.

Director Wang Guotao said: "No one cares about the mistakes you made, because it is too obvious, but you want to cover up a small mistake with a big mistake - you are a fool for us?" ”

Secretary Yang Youxing blushed and said with a thick neck: "Even if we develop the northwest region of Taiwan now, what can we do?" Isn't this all a matter of time or time, we must have the courage to dare to fight the heavens and the earth, and promote my Han and Tang Dynasty heroes! ”

Director Wang Guotao stared at the eyes of Secretary Yang Youxing and said: "I have seen those who pile up flat land out of the slope field in order to learn from Dazhai; I've also heard of making good meals unpalatable for the sake of remembering the bitterness.

At that time, I wasn't bullshit, and no one listened to what I said, but now, I put the Pingtung Plain in good place and didn't want to develop, and I didn't think of a way to connect with the estuary base, but I led the Ming peasants to Taixi to die, and this qiē was just to cover up your mistakes? No wonder the online articles you write hit the streets-"

"Actually, at that time, I quoted the wrong information sent by Technician Pankeshu-"

"You're talking nonsense, he always sends out useless information, when did he care about agriculture?"

“…… Okay, I'll admit it, I thought back to the world over there, there were more than 20,000 people chasing pirates, but only 249 genuine subscriptions and I was distracted, and I posted the content of the three issues in our plan, don't stare at me, your eyes are so scary-"

After listening, Director Wang Guotao's eyes were gentle, and he nodded and said, "I know this, it's you who have some plans-"

"-I want fairness!"

But fairness is not the same as care! In an era when wolves are still worshipped and good people are called the Virgin, when they are still obsessed with the law of the jungle and believe in the theory of the animal world, you are in a hurry to be fair without waiting for them to spit out the wolf's milk?! ”

"-Well, you win, can't I be wrong?!"

"That's right, we must dare to admit our mistakes - now we can talk about the construction methods of the new countryside, don't play with words, you observe what I do, and slowly summarize."

In this way, Secretary Yang Youxing stayed by Director Wang Guotao's side for a whole month.

Chairman Wu Dapeng had no choice but to do it himself, and he wrote down the title:

On the advanced nature of the Dolgon bandit group in industrial mergers and acquisitions and PE investment

Preface:

The process of the Dolgon bandit group taking Shanhaiguan, a major commercial town, and Wu Sangui, a subsidiary of the Daming Royal Group, is like an excellent case of industrial mergers and acquisitions.

After the hostile acquisition of the Daming Royal Group, Li Zicheng of the peasant entrepreneur group failed to properly handle the relationship, and led Wu Sangui, an important subsidiary of the Daming Royal Group, and his marketing powerhouse, Guan Ning Tieqi, to turn against each other.

Li Zicheng, a peasant entrepreneur group, then marched eastward.

In order to save himself and even buy back the parent company of Daming, Wu Sangui wanted to borrow troops from the Dolgon bandit group.

However, the Dolgon bandit group proposed a wholly-owned acquisition plan led by Wu Sangui's subsidiary, and finally completed the acquisition of core assets at a low cost, and dealt a heavy blow to the rival farmer entrepreneur group.

His choice of negotiation and timing of his attack, patience, overall vision and open-mindedness are all remarkable.

The people of the Hantang Group must not be overlooked.

After the death of Huang Taiji, Shunzhi was young, and he was regent, completing the complete control of the bandit group, and a series of bloody rectifications through guò, basically completing the unification of thought.

There was certainly no modern sense of private equity in his time, but there was nothing new under the sun. A careful reading of the history of the late Ming Dynasty and early Qing Dynasty, looking at the game between Dolgon, Wu Sangui and Li Zicheng around Shanhaiguan, as well as some of the core capabilities of equity investment, such as the design of transaction structure, negotiation ability, investment cost, and investment timing, are all worthy of our Hantang Group's learning.

Section 1: The Natural Shortcomings of Farmer Entrepreneur Groups

Li Zicheng's peasant entrepreneur group can be said to have made a hostile takeover of the Daming Royal Group.

At this time, although the core capital institution Beijing fell, Daming Royal Group still had an important subsidiary outside the Guan, as well as the marketing powerhouse Guanning Tieqi, which was the only remaining Ming army in the northern operation scope at that time.

At this time, the situation is that the parent company has been acquired by a hostile merger, but there is still a subsidiary with important strategic value outside.

This strong team is led by manager Wu Sangui.

They were stationed outside Shanhaiguan in Ningyuan, but before the fall of Beijing, they received an urgent order from Emperor Chongzhen to return to the rescue and occupied the strategic commercial location of Shanhaiguan on the way back.

The peasant entrepreneur group Li Zicheng has a barrier against the bandit group.

The bandit group Dolgon got it, and the door to the gate was wide open, and there was no need to make a detour.

We probably know a little bit about what happened next. Manager Wu Sangui had originally agreed to be acquired by the Farmer Entrepreneur Group and handed over to its core business, Shanhaiguan Defense.

However, at the juncture in the early stage of this heavy acquisition, Li Zicheng of the farmer entrepreneur group did not handle the personal relationship with the manager of the subsidiary, not only tortured his father, but also robbed his second wife, Chen Yuanyuan, causing negative news.

From here, we can see that the short-sightedness of the peasant entrepreneurs and the idea that small prosperity is safe, and more importantly, the peasant entrepreneur group has not formed a good team spirit.

Manager Wu Sangui was only 33 years old at the time, and he learned the news from the escaped family, so he turned back from the way to Beijing, reoccupied the important commercial stronghold, Shanhaiguan, and also cut off the courier personnel sent by Li Zicheng of the peasant entrepreneur group to recruit and surrender, and cut off the back road.

This year marks the 7th anniversary of the Battle of Shanhaiguan. Re-reading this history, we Hantang Group should deeply understand the importance of unity.

Section 2: The Role of Capital in Buyback Programs

Manager Wu Sangui learned that the farmer entrepreneur group was again coming to a hostile merger and acquisition, and knew that his working capital was far inferior to that of Li Zicheng, the farmer entrepreneur group, and was at a disadvantage in the forced purchase of the stock market.

So Manager Wu Sangui came up with a plan to raise funds from the Dolgon bandit group and borrowed troops.

Here in essence co-investors are invited.

Of course, he also gave a business promise of "splitting the land for payment".

An attempt is made to jointly buy back the parent company that has been acquired hostilely by means of a technical investment such as a bad check, and at the same time, the co-investors can own a portion of the parent company.

The bandit syndicate Dolgon is not stupid, he is extremely business-minded. When the Daming Royal Group fell into the business turmoil of hostile takeovers and was on the verge of collapse, it is said that he had listened to the construction of Fan Wencheng, a scholar of the Ministry of Capital Speculation and Technology, mobilized all the cash capital, and prepared to bypass the commercial town of Shanhaiguan, enter Beijing from the third-tier market Miyun and other places, and compete with the farmer entrepreneur Li Zicheng to buy the Daming Royal Group.

Soon after, he met the envoy sent by Wu Sangui, the manager of the subsidiary of Daming Royal Group, and learned that Daming Royal Group had been successfully purchased, but it was turbulent in terms of capital restructuring and personnel arrangements.

He did not agree to invest, but he did not refuse, but proposed a new Jianyì, "If you lead the people to return, you will be sealed with your homeland and promoted to the vassal king."

"Returning with the multitude" here means surrendering. In other words, borrowing troops is exempt, I want all the equity of Daming Royal Group, you can be my wholly-owned subsidiary, and put forward the temptation of promotion (king) and equity incentive (sealing the homeland).

Wu Sangui manager Daming Royal Group core level of equity is not negotiable, and his subsidiary equity can also be considered, at this time he is only not the CEO of a subsidiary, on the one hand, in the face of the hostile takeover of the farmer entrepreneur group, and there is a danger of being purged and resigned, on the other hand, in the face of the promotion and equity incentive of the robber group, he of course made a good sale choice.

Therefore, we Hantang Group should understand that this is an era when milk is a mother and capital is king, and we can only seriously increase our capital strength in order to give greater play to the depression effect of capital——

Wu Dapeng, chairman of Hantang Group

At that time, after Secretary Yang Youxing saw it on the Internet, his heart was a little sour, but he didn't dare to give a bad comment, so he had to write a sentence against his will: Let history tell the future.

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