20 Midea Electronics

The time soon came in March, Universal Electronics had moved to the industrial office building in Yuen Long, and the two home appliance foundries acquired at the same time also moved in together, and the three companies were combined without consuming the area of one building, and the other two were still empty there.

At the request of Chen Zhiwen, the company's name was changed to Midea Electronics, which is a brand that Chen Zhiwen liked in later generations, although it seems that it can't beat Gree in the field of air conditioning, and it can't beat Haier in the field of refrigerators, but it is the most successful electrical brand in the mainland, and its English name Media, is also very suitable for globalization.

Since then, Midea Electronics has three major businesses, the first is the radio business, this business is the largest, although because the foreign economic situation is not very good, resulting in a decline in orders, but there are still more than 350,000 orders per month, and sales in more than 40 countries around the world, these channels can theoretically be part of the service for other products, and now, under Chen Zhiwen's investment, the radio business department once again tried to develop car radios, and once again caught up with Toyota, but there is no ability, Toyota's purchasing department can only be attracted by low prices at a loss.

But it is not important that a project loses money, the most important thing is to enter the list of other suppliers, as long as you enter the door, you can be qualified to undertake the business of other models, and you can also try to cooperate with other car brands by virtue of the name of Toyota's supplier.

The second business is naturally TV, the third is refrigerators and air conditioners, these two businesses are still foundry, and they are also developing their own brand products, but in essence, they are changing the appearance to prevent infringement, and now they can only do so much, as long as the products are sold, the company's funds are returned, and it is natural to carry out deeper research and development.

At this point, Midea Electronics has entered the initial right track, and now although it can't make money, it can't lose much, and it won't let Chen Zhiwen worry about it in a short period of time.

What worries Chen Zhiwen is naturally the acquisition of Yonggao.

Yonggao is not a listed company and has no way to buy it from the stock market, and HSBC's Victor finally got a price after many contacts: HK$190 million.

"190 million Hong Kong dollars, can't it be cheaper?" After Chen Zhiwen saw the offer, he looked at Shen Bi and asked.

Shen Bi shook his head and said: "Chen Sheng, this is a building in Central, close to Victoria Harbour, although the low price is not good now, but if you want to buy this land, 190 million Hong Kong dollars may not be enough." ”

"It's not enough, but it's a pity that it's a hotel, and if it's an office building, doubling the price is not a problem." Chen Zhiwen smiled and said.

The Hilton Hotel was established in 1961, that year, the price of the land under the Hilton Hotel was 13 million Hong Kong dollars, after two high appreciation of the land price, if it is an office building, the price is more than 300 million, absolutely not a problem.

The problem is that it is a hotel, and the income of Hong Kong hotels is very low, in the next 80-90s, more than ten hotels in prime locations have been demolished to build office buildings, except for Mandarin Oriental, Grand Hotel, which is very famous in Hong Kong, the rest of the hotel will not make much money even if it does not lose, and the economic benefits are far less than the income of office buildings.

And now the hotel is already in, even if there are investment institutions to buy, and then change to an office building, it also needs to spend a huge price, the same is true for demolition and reconstruction, and therefore, in the 70s, Hongkong Land was very keen to acquire the office building in Central, but did not start with the Hilton Hotel, only Li Jiacheng, saw the value of the future Central land, and spent money to buy it, it turned out that he was right, really in the 90s, the land price rose nearly tenfold, and the cost of demolishing the hotel became a dime.

"What is the psychological price of Chen Sheng?" Shen Bi asked.

"HK$170 million." Chen Zhiwen said: "If the other party does not agree, drag it first." ”

"Okay, then I'll let Victory try again." Shen Bi nodded and said.

Chen Zhiwen said: "Then it's hard for Mr. Shen Bi." ”

"You're welcome, this is what HSBC should do, this acquisition is almost the same at present, at most it is a matter of price, Chen Sheng, after the price is set, how to arrange the funds?" Shen Bi asked.

"I will ask for as much money as HSBC is willing to give me, and I will accept the full loan." Chen Zhiwen said with a smile.

"Chen Sheng is really joking, how can there be a full loan." Shen Bi thought for a while and said, "In this way, I can promise to provide eighty percent of the funds, and the collateral is the two hotels of Yonggao." ”

"The mortgage of the Hilton hotel is fine, but not the Indonesian one, if Yonggao receives it, I will sell this five-star hotel." Chen Zhiwen said.

He knows the future of Hong Kong, although the tourism industry is average, but the real estate industry is skyrocketing, and Indonesia, he is confused, although Indonesia's tourism industry is also good, but he is not interested in putting the precious funds in this kind of industry, it is better to sell it, and the funds obtained in Hong Kong or the world can easily increase several times in a few years.

"It's okay, I also know some Chinese families in Indonesia, so let's wait for this acquisition to be completed, I'll help you ask to see if the local wealthy families in Indonesia are interested." Shen Bi also understood what Chen Zhiwen meant, nodded and said.

"It seems that nothing will be difficult for Mr. Shen Bi." Chen Zhiwen chuckled and said, these bankers' resources are indeed large enough, and it is estimated that the rich people in Southeast Asia, even if they don't know each other, can be connected through friends, and these interlocking networks can bring great business convenience in many cases.

"After so many years, I always know some people, and with Chen Sheng's current achievements, he will also become a dragon and phoenix among people in the future." Shen Bi smiled and asked again: "Chen Sheng, if you sell a hotel in Indonesia, in this way, you will have a lot of money in your hands, and now that the international oil crisis has passed, you can consider other investment plans." ”

"I'll think about it, but I'll have to wait until I come back from the United States." Chen Zhiwen said kindly, in the past few months, I have seen Shen Bi a few times, and every time the other party will encourage him to invest, it is really Chen Zhiwen's money in HSBC, which makes HSBC's senior management hot, 100 million funds, if the real estate market is vigorously developed, the main loans are all HSBC, and HSBC can earn at least tens of millions of Hong Kong dollars in a year, you know, HSBC's net profit last year was only 300 million Hong Kong dollars.

Although there is a Yonggao acquisition loan also go to HSBC, but it is also a one-time transaction, only investment in real estate, will let the money flow non-stop, but also drive related industries and property buyers into the HSBC system, although HSBC is currently the first in Hong Kong, but a large number of small banks are too many, but also rushing to the market, for large customers, Shen Bi must still be more concerned.

"You're going to the United States? Tourism? Shen Bi asked.

Chen Zhiwen nodded and said, "Yes, travel, go to the United States to have fun." ”