18 Lei Shengli
Shen Bi said: "Dorry has sent someone to the United States to visit Gao Yuansheng, the boss behind Yonggao, and after he knew what we meant, he did not agree or refuse, but just said that he should seriously consider it. β
"If there is no refusal, it is already good news." Chen Zhiwen smiled and said.
Shen Bi nodded and said: "Yes, I have also checked the background of this Gao Yuansheng, his ancestors are doing business in the United States, their family is one of the most successful families among Chinese Americans, more than ten years ago, he bought a piece of land in Central, Hong Kong, and cooperated with Hilton to build the Hong Kong Hilton Hotel, but unfortunately, a little unlucky, in 1963, Hong Kong was short of water, the Hong Kong government restricted commercial water, and the Hilton Hotel suffered a serious loss in the first year.
After a few years of normal operation, and encountered a serious flu, it is said that the loss of tens of millions in two years, from 70 years of business is considered to have recovered, but now the global oil crisis, the aviation industry ticket prices have risen sharply, and the tourism industry has been abolished, so a normal person may not refuse our acquisition, unless he is really very optimistic about the future of Hong Kong.
I guess he should want to wait for the price to sell, and Victor should have been in contact with it once more recently. β
"I'm not in a hurry for this acquisition, let's talk about it first and see what the other party's reserve price is." Chen Zhiwen said that as long as it can be received, it will be very troublesome to terminate the contract with the Hilton Hotel after the acquisition, and it is impossible to succeed in the 70s, so there is no rush at all.
Shen Bi said: "That's fine, the acquisition of hundreds of millions of dollars really needs to be cautious." β
In the following time, the two enjoyed the food on the table, while chatting casually about the situation in Hong Kong and the world, although Shen Bi has rich experience, but compared with the Internet era that experienced the Internet explosion in later generations, some aspects are still a little worse, and after a while, the more they chat, the happier they become.
After dinner, Chen Zhiwen sent Shen Bi to his car with a smile all the way, and after watching the car leave, he took a deep breath and said, "This old fox was almost stunned by him." β
In the conversation just later, it seemed that the two were chatting, but in the back, Chen Zhiwen found that it was basically Shen Bi who was taking his views on many things, and he also wanted to ask him in turn, but he always couldn't succeed, so he saw that Chen Zhiwen could say that he was higher, but his conversation experience was far behind.
Fortunately, it's just small talk, not business negotiations, otherwise, this situation will definitely be suppressed to death, and being able to mix in the future big class at HSBC is really not comparable to ordinary people.
Early the next morning, Chen Zhiwen came to the headquarters of Galaxy Holdings, and Lei Shengli, the general manager of Universal Electronics, was also notified to come here.
"Lei Sheng, please be seated." After assistant An Qi brought Lei Shengli to the reception room, Chen Zhiwen arrived with a smile.
"Chen Sheng is polite." Lei Shengli was originally sitting, but after seeing Chen Zhiwen, he stood up again.
"Sit down." Chen Zhiwen smiled and asked, "Hu Sheng has already gone to Singapore?" β
"Yes, it's gone." Lei Shengli nodded and said.
"It's okay, it's time for him to enjoy his old age." Chen Zhiwen said.
The boss of Universal Electronics is called Hu Xiaoqing, who started his business in Hong Kong in the 40s, operating a radio sales business in Hong Kong, and later established a company in the 50s, imported transistors from RB, made the first radio in Hong Kong, and was also the first electrical subsidiary in Hong Kong.
Later, the company slowly expanded and had its own brand "Blue Bell", with a monthly production capacity of more than 500,000 radios.
It's a pity that the market value of Hong Kong's first electrical appliance subsidiary is less than 10 million Hong Kong dollars, which is not as profitable as a small real estate in previous years.
Chen Zhiwen continued: "Lei Sheng, the current situation of global electronics, I probably also know that the radio market, now in Europe and the United States is no longer viable, although Southeast Asia has new potential, but the growth rate is obviously not able to catch up, and now South Korea, Wanwan is also vigorously developing the electronics industry, in this field, it is difficult for us to fight them." β
In the 60s, the export volume of Hong Kong's electronics industry was more than ten times that of South Korea or Wanwan, but ten years later, the two far exceeded Hong Kong, especially the low-end products such as radios, which can be made by buying transistors, completely relying on labor costs, the lower the labor cost, the lower the production cost, and the larger the market.
In the long run, when Hong Kong's housing prices rise several times in the next ten years, labor wages will become higher, and the manufacturing industry at this time, if it cannot complete the transfer to the middle end or high-end, it will basically be wiped out.
Lei Shengli also nodded and said: "What Chen Sheng said, Hu Sheng also considered it when he was here, and we also tried to develop in the direction of car radio, but after investing more than 100,000 yuan, we still failed." β
"Car radios? Which car brand? Chen Zhiwen asked curiously, he hadn't seen this in the financial information of Global Electronics before.
"Toyota, this was three years ago." Lei Shengli replied.
"No wonder." The financial information from three years ago is not covered in the statistics before the acquisition, but there will still be a financial audit after the acquisition.
Chen Zhiwen continued: "The field of car radios is indeed a good market, but you want to invest more than 100,000 yuan to support Toyota, and you are too naΓ―ve. β
"What Chen Sheng said is that it's just a financial problem, and we can't solve it." Lei Shengli said helplessly.
"Money is not a problem, since you have experience in this area, although it is a failure, you can try again." Chen Zhiwen smiled and said, "Have you ever thought about making other products?" Like a TV? β
Radio exports were very hot in the 50s and 60s, mainly exported to Europe and the United States, but with the improvement of productivity and economy, people naturally prefer TVs that can provide visual enjoyment.
Lei Shengli said: "We have also mentioned, but also to Europe and the United States to investigate, TV is not like radio, European and American users attach great importance to the brand of TV, now this market has basically been occupied by European and American brands, we calculated, it is difficult to succeed, the risk is too great." β
Chen Zhiwen thought for a while and said: "Lei Sheng, I want to make electrical appliances, and TVs must be made, including air conditioners in white goods, refrigerators or the simplest fans, what do you think?" β
Lei Shengli paused and replied: "Chen Sheng, a normal factory, I don't recommend making so many varieties, but if it is Chen Sheng, in fact, the method is very simple, just buy those factories that OEM for foreign brands." β
PS: Good pit, my family is already well, I'm still yin, so I haven't dared to stay up late to code words, and if there is no problem next week, I will resume two shifts a day