February 7th.

The southwest wind swept across the city.

Chen Heyu put on a thick cashmere coat, sat sideways in the back row of the Rolls-Royce Phantom, and instructed Lao Mo in the cab: "Go to Zigang Electronics." ”

"Yes, boss."

Ding Mo stepped on the accelerator lightly, and the luxurious luxury car slowly drove away from the villa area.

After driving to the Central Elevated Road, the speed of the car immediately increased, and the whole journey was speeded at 80-90 kilometers per hour, speeding towards the destination.

Lao Mo is very satisfied with his current work, he is idle and free, and he can increase his knowledge by staying by Chen Heyu's side.

As a driver for a year, he saved 300,000 yuan in savings, excluding 100,000 yuan in wages, and the remaining 200,000 yuan was obtained from stock speculation.

The reason why he has this level of stock speculation is all due to the words that Chen Heyu inadvertently revealed when talking to people on weekdays.

"Maotai stock potential is good!"

"Penguins? There are two trump cards, WeChat and games, and the stock price will continue to rise! ”

At first, Ding Mo was suspicious and secretly bought 10,000 yuan of stocks, but it didn't take long for the money to double.

After tasting the sweetness, he used all the wages in his hand to stud stocks, and his income became higher and higher.

"Buzz~!"

"It's already gone, what time will you and Zhang Nan arrive? Okay, I guess it'll take another twenty minutes. ”

Chen Heyu put down the phone, thinking about the negotiation work that was about to begin.

The financial evaluation and pricing of Zigang Electronics have been released, and Shanhai Capital and Future Technology have acted separately and conducted two comprehensive due diligence investigations, including the financial situation, business situation, market position and legal risks of the other party, to ensure the feasibility and reasonableness of the acquisition.

As of the current data survey, the total assets of Zigang Electronics are about 17 billion Chinese dollars, of which only 600 million Chinese dollars are left in cash and cash equivalents.

Cash flow is urgent!

The monthly salary expenditure of employees is close to 100 million, no wonder they are in a hurry to sell themselves!

In addition, there are fixed assets worth 16 billion Chinese dollars, including manufacturing plants, production equipment and R&D centers in Shanghai and Jinling.

In terms of debt, the total is 7 billion Chinese dollars, of which 4 billion yuan is long-term debt and 3 billion Chinese dollars is short-term debt.

The asset-liability ratio is high, the production process is backward, and there is a chicken wafer foundry.

Looking at the whole country, Huaxin International looks down on the production equipment and manufacturing process of Zigang Electronics, Huayao Hi Si is unwilling to take over the wafer factory, and other small companies do not have the financial resources.

For a time, Zigang Electronics was mired in the quagmire, and when it heard that Future Technology was interested in a wholly-owned acquisition, it immediately held a general meeting of shareholders and obtained unanimous consent, wanting to sell the company as quickly as possible.

After a while, the car stopped in front of the gate of a software park in Pudong New District.

"Boss!"

"Mr. Chen!"

Zhang Nan and Zhou Xiaoyu greeted them.

"Let's go, go in first."

Chen Heyu waved his hand, walked in front of everyone, and paced slowly towards the Zigang Electronics headquarters not far away.

Behind him is a huge negotiation team, including legal, financial, commercial and accompanying record personnel, all in suits and leather shoes, wearing trench coats or down jackets to protect them from the cold.

When I walked to the gate, I saw a man in his early thirties, trotting briskly.

"Mr. Chen, if you miss the distance, you still hope to forgive your sins, and the contemptible person is Shi Yang, the person in charge of Zigang Electronics."

Shi Yang clasped his hands together and made an apologetic gesture.

"Mr. Shi, you're welcome, let's go in and talk."

Chen Heyu replied lightly.

Then he looked at the other party, his temples were mixed with gray hair, and there were deep crow's feet at the corners of his eyes.

There is no "loser" temperament at all, but like a conscientious manager.

"Yes, yes, the hospitality is not good, these two should be Mr. Zhou of Shanhai Capital and Mr. Zhang of Future Technology, I have admired the name for a long time."

Shi Yang greeted warmly, with a smile on his face.

"Mr. Shi, hello."

Lao Zhou and Zhang Nan nodded when they heard this, stretched out their hands and shook them, and greeted each other with a smile.

Shi Yang raised his head and looked at the large group of people in front of him, understanding that Shanhai Capital was really interested in acquiring it, and there was no trick.

My heart instantly calmed down!

The group walked and talked and walked into the elevator.

"Mr. Chen, take the liberty of asking, what are your plans after buying Zigang Electronics?"

Shi Yang pressed the floor button and turned his head to ask.

"Naturally, we must upgrade the equipment, continue to invest more in scientific research, and complete the mass production chip process of 28nm as soon as possible, or even 14nm."

Chen Heyu glanced at the other party and replied casually.

"Mr. Chen is sure to solve the problem of packaging technology?!"

Shi Yang looked excited, and when he saw Chen Heyu's chiseled tone, he thought that he had a way to obtain a suitable packaging process, so he hurriedly asked.

"Nope."

Chen Heyu thought about it and said with a strange expression.

Even if he has the ability, he will definitely not tell the other party, which is tantamount to exposing the negotiation cards in advance.

"yes, how can it be so easy?"

Shi Yang lowered his head and said in disappointment.

Looking at this "young owner" who was miserable by his small life, Chen Heyu could only secretly scold "very stupid and naïve".

Spent 4 billion Chinese dollars to purchase a series of wafer cutting machines, welding machines, placement machines and gluing machine equipment, and set up a number of chip packaging production lines, but they were stuck in the packaging process.

Walking into the conference room, the room is spacious and bright, and the major shareholders of Zigang Electronics have arrived.

"Mr. Shi, this document is Shanhai Capital's financial audit and evaluation of your company, and the acquisition quotation form, you can take a look at it first."

After Zhou Xiaoyu sat down, he motioned to the assistant beside him and took out a stack of A4 documents.

"Okay, I'll take a look."

Shi Yang took it, took a copy from it, and passed the remaining copies to the other shareholders.

"There is no problem with fixed assets, cash flow, and liabilities, but the purchase price of 9 billion is too low?"

Shi Yang quickly skimmed through the contents of the document, and his tone was not good.

"The wafer processing plant in Jinling seems to be a fixed asset, but it is actually a debt and a heavy burden, if Mr. Shi is not satisfied with the price, we can divest it from Zigang Electronics, and Shanhai Capital will only acquire the main body of your company."

Zhou Xiaoyu said calmly.

He knows where the weakness of the other party is, knows how to handle it, and does not worry about the failure of the negotiation.

Because, there are very few buyers who are willing to bid, and Shi Yang can only continue to work hard if he misses the mountains and seas.

The next step, bankruptcy is just around the corner!

“……”

Shi Yang said that he was suffering, and when he looked around, the shareholders of Zigang Electronics glared at him angrily, obviously blaming him for his insistence on going his own way.

Push the company into the abyss!

Stripping off the wafer processing plant, the total fixed assets are only 13 billion Chinese dollars, and then considering the debt problem, I am afraid that Shanhai Capital will not even be able to give out 9 billion!

"Mr. Chen, you must have heard of the plight of Zigang Electronics, and I have great sincerity in the issue of cooperation, otherwise I would not have allowed Shanhai Capital and Future Technology to enter the research together.

Why don't we take a step back, how about 11.5 billion? ”

Shi Yang pondered for a moment, and couldn't help but plead.

"Zigang Electronics is responsible for 7 billion, and if the purchase price of 11.5 billion Chinese dollars is offered, not counting the follow-up investment, I will have to spend close to 20 billion.

Mr. Shi, don't embarrass me too much, you should know very well that it is not worth the price. ”

Chen Heyu didn't think about it and refused directly.

Wafer foundry is a big trouble, without spending billions of dollars, it is difficult to get results, such as the world's seven major chip packaging and testing giants, the annual investment in research and development is as high as 10 billion US dollars.

Each company has tightly covered the core technology, and it is difficult for outsiders to find opportunities, and there must be a way to buy it with money.

Goryeo or Neon Country, which one is not a broom self-cherishing?

He was sure that Shi Yang was not capable of solving it, and it was even more difficult for Zigang Electronics to find a second buyer, so he had no fear.

"Mr. Chen, what if I can solve the packaging problem?"

Shi Yang gritted his teeth and asked.

"Oh? Is it? ”

Chen Heyu said noncommittally.

The other party has to find a way to solve it, and he is busy competing with Huaxin International, can he still think about selling the company?

"Mr. Chen, I didn't mean to deceive you, it's inconvenient to say this matter, can you come out with me?"

Shi Yang God's mysterious secret way.

"Okay."

Chen Heyu got up and walked out of the conference room with the other party to a small meeting room.

"Mr. Shi, can you talk now?"

(End of chapter)