diskusbooks Chapter 270 Selling Mobile Signal Technology for a Good Price
Chapter 270 Selling Mobile Signal Technology for a Good Price
Xu Youwei and his accomplices are destined to never leave the police station.
But the matter between Shen Wancheng and Gu Jinxing is not over yet.
They defeated the Xu family not so that others could take advantage of the situation; they themselves had to reap the real fruits of victory.
"Unfortunately, my belly is so big now that it's really inconvenient for me to come out and discuss business. I'll have to trouble Mr. Gu to make a trip tomorrow."
"Of course, no problem."
Shen Wancheng originally planned to establish an investment company and acquire Xu's company when its stock price plummeted, thus laying a solid foundation for the new company.
After learning of her idea, Gu Jinxing suggested that he use his listed venture capital firm in the United States to handle the matter, so that the Xu family would be unprepared and the acquisition would proceed more smoothly.
Shen Wancheng thought that this was something she and Gu Jinxing had done together, and she couldn't possibly reap all the benefits alone. Since she was going to share the profits with Gu Jinxing anyway, it wouldn't be a problem for her to directly join Gu Jinxing's established venture capital firm.
Ultimately, Shen Wancheng decided to use the 900 million yuan breach of contract fee she obtained from Xu Youwei to acquire a 30% stake in Gu Jinxing's venture capital firm in the United States.
Gu Jinxing originally owned 70% of the company's shares. If it weren't for Shen Wancheng who was going to invest, Gu Jinxing would never have transferred his shares.
Moreover, the reason why Shen Wancheng was able to buy 30% of the shares with 900 million Hong Kong dollars was because she specifically chose to exchange the money when the exchange rate was low.
Before 1983, the exchange rate of the Hong Kong dollar against other currencies fluctuated, and the fluctuations were particularly large. At its highest, it could be as high as nearly 10 Hong Kong dollars to exchange for 1 US dollar. Shen Wancheng exchanged the Hong Kong dollar when the exchange rate was 6, which means he purchased a 30% stake for US$150 million.
The acquisition of the Xu family was Shen Wancheng's first major project after joining Qiming Venture Partners, and it was also the key to whether Shen Wancheng could gain a foothold.
After all, 30% of the company's shares belong to others. If Shen Wancheng is incompetent, Gu Jinxing will be accused of nepotism.
Shen Wancheng didn't want Gu Jinxing to be criticized because of her, so every step she took in taking over the Xu family was meticulously planned and repeatedly considered.
That's why Shen Wancheng was confident that he could take over the Xu Group by tomorrow morning.
If this drags on, the Xu family's morale will hit rock bottom, and after the initial shock, they won't be as panicked and helpless.
Old Xu hadn't been in charge for over ten years, so it was normal for his mind to be unclear before, which is why there was that press conference full of loopholes.
But if given enough time, once Old Man Xu adapts, he won't be so easy to control.
Gu Jinxing understood this principle, and he assured Shen Wancheng.
"Don't worry, this matter will definitely be taken care of tomorrow."
Shen Wancheng smiled at Gu Jinxing.
"Of course I believe you."
Although these things were almost certain to succeed, Shen Wancheng and Gu Jinxing observed the situation closely every day.
Since the end of last year, the stock market has entered a bull market phase due to the Wharf Holdings incident, and many ordinary people have made a fortune in the stock market.
But today, the situation is bleaker than ever before.
Because of the huge impact of this incident, financial news reporters spent the entire afternoon doing live news broadcasts at the securities center.
Many investors were crying and wailing incessantly right there in the securities hall.
Many of them used all the money they had earned to buy shares in Xu's Enterprises.
Now I have hundreds of thousands or even millions of shares stuck in my hands. The prices I sold at have already hit rock bottom. I didn't have the guts to sell at a loss this morning, and the stock plummeted this afternoon.
Given the scene at the securities center, I have no doubt that someone might jump off the building overnight.
Ordinary people who saw this scene on television news were secretly reminded that stocks are not something ordinary people can play.
As Hong Kong Island has entered a period of rapid development, many people have heard that a bull market has arrived and that as long as you buy stocks, you will make money. Because of these claims, many people have the idea of entering the market to make a small profit.
At this point, everyone understood that the stock market is a matter of one thought leading to heaven or one thought leading to hell.
It's okay for ordinary people to invest a little money in stocks, but if they put all their assets into it, they will basically lose everything.
Shen Wancheng was also watching the news on TV, but she didn't feel much.
Shen Wancheng knew that the Hong Kong stock market was bound to collapse in 1983, and this was just a rehearsal for that year.
On the bright side, this can also be seen as advice to those who blindly enter the stock market.
Hopefully, because of this incident, fewer people will suffer when the Hong Kong stock market completely collapses in 83.
Shen Wancheng spent the whole afternoon in front of the TV, but didn't see any Motorola advertisements.
Shen Wancheng then asked about Motorola's reaction.
Gu Jinxing said, "At the same time as canceling the launch event for the mobile phone, the company also removed all its television advertisements and billboards in the streets of Hong Kong Island. It is unlikely that the company will be listed in the short term, and it will have to be postponed until at least the end of next month."
"That's great."
Shen Wancheng was very happy.
Although they are not afraid of Motorola's big-phone launch, it's always good to enjoy a day more of their product's market monopoly.
Shen Wancheng asked, "When will the fourth batch of products be produced?"
"Because of the expanded factory, the second and third batches of mobile phones can be produced and inspected simultaneously tomorrow. However, both batches have already been pre-ordered. Due to the news about Motorola's mobile phone, there were a few cancellations. These cancelled orders have been used to make up for the pre-orders for the fourth batch."
Gu Jinxing took a sip of water and continued, "As we said before, the fourth batch of mobile phones will be available on the market only after it is completed. The fourth batch should be able to complete production and inspection within half a month. I have instructed the factory to try to compress the production period to 10 days, so that we can definitely go on sale before Motorola re-releases the mobile phone."
"That's great. Motorola didn't affect the sales of the fourth batch of mobile phones, so the Oriental Technology Company that produces them can officially start making a profit."
"That's right. China Eastern Mobile isn't profitable yet, but this is a long-term strategy. As long as they buy the mobile phones, whether they're China Eastern or Motorola, they'll have to pay China Eastern Mobile."
“I met with the Governor of Hong Kong a couple of days ago and we talked about how the government has realized the importance of mobile signal stations. They said that the government will attract investment to open another mobile company so that China Eastern Mobile can not dominate and control the mobile network on Hong Kong Island.”
Shen Wancheng nodded, "I expected this. As long as the new mobile company is not handed over to foreign capital, there will be no problem. We are willing to sell mobile signal technology."
Shen Wancheng had long known the importance of mobile networks and would never allow them to be controlled by Eastern Mobile. Even if a new mobile company was established and Eastern Mobile acquired a technology stake, it was still unacceptable.
Given this reality, the best option is to simply sell the mobile signal technology for a good price.
Shen Wancheng said with a smile.
"Next time we formally discuss this matter, you can say that China Eastern Mobile is willing to directly send personnel to build the facilities for the new mobile company, as long as the money is sufficient."
Gu Jinxing smiled too.
"It's an understanding, I've already made it clear."