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Chapter 610

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    August 14, 2006

    In view of the fact that the electronics industry, which is mainly supported by national policies, is facing a severe international competition situation, the Korean government has introduced six targeted support policies after conducting a crisis countermeasure meeting with the leading domestic chaebol group.

    1. Strengthen policy and financial support, provide preferential relief from land to taxation, and support the healthy development of the electronics industry.

    Second, provide special interest-free support loans totaling 152,000 (about 8.6 billion U.S. dollars) to support enterprise technology research and development and equipment updates.

    Third, in response to the large-scale price cuts initiated by China, Japan and other national electrical appliance companies, the government filed an anti-dumping investigation.

    Fourth, the Prime Minister will personally lead the establishment of the Export Countermeasures Headquarters to promote Korean high-quality home appliances to international allies and provide all export facilities.

    Fifth, the Korean Academy of Sciences established a special research group for LCD panels and chips to provide technological support for enterprises through international cooperation and independent research and development.

    Sixth, the foreign affairs department of the government will introduce the dangers of low-price dumping to the United States, Japan, Europe and Asian friendly countries, and help them identify household appliances that do not meet the specifications, so as to promote normal and reasonable competition in the market.

    As the mastermind behind all these serious consequences, Wang Yaocheng, who was far away in London, saw these six countermeasures, laughed and put them aside, and never paid any attention to them.

    If government intervention is useful, what is the invisible hand of market competition doing?

    Simply promulgate 12,345 policies and occupy the market, it is really naive.

    The international market has its specific operating rules and responsibilities, and will never be influenced by the likes and dislikes of a certain government.

    ? In terms of overbearing and powerful, the American guys are beyond Han Bangzi's reach, and they will do everything they can to support the domestic industry. Is it useful to see the actual situation?

    The traditional industries in the United States, including steel, chemicals, home appliances, electronic equipment, and machinery manufacturing, are still in disarray, giving way to the strong competitiveness of emerging industrial countries.

    Facts have proved that the willingness of the government alone is not enough, and rash actions can only be slapped in the face.

    Right now, Hong Kong Cheung Kong¡¯s merger and acquisition of the All England Water Service Company is causing trouble again, and the Li Jiacheng family is involved halfway through, which has brought new changes to the original plan.

    Speaking of it, the Li Ka-shing family has been running a business in Hong Kong for nearly 60 years. Its Cheung Kong Group and Hutchison Whampoa were uprooted by the Royal Fund.

    After this incident, unlike other traditional wealthy families in Hong Kong, the Lee family turned their focus to invest in Canada, North America and Europe, mainly in the fields of utilities, energy and petrochemicals.

    ?From the perspective of funds, the Li family holds tens of billions of Hong Kong dollars in cash flow. In this project, it is indeed capable of wrestling with the Royal Family Fund.

    in the office

    Zhang Shuguang, the vice chairman in charge of the Hong Kong consortium's business, had a rather ugly expression on his face, and reported in a low voice: "Chairman, the British side notified the temporary suspension of the negotiations. I am responsible for this matter. I did not end this protracted negotiation as soon as possible."

    "Through a ditch, you gain wisdom. Since the general direction has been determined in the acquisition negotiation, there is no need to get too entangled in the small details and care about the interests of the corners and corners. This incident also reminded us  "

    A chilling sneer appeared on the corner of Wang Yaocheng's mouth, and he said: "If you beat a snake, you won't die, but you will suffer from it."

    "Been taught a lesson."

    Zhang Shuguang accepted it sincerely, feeling unspeakably aggrieved in his heart, watching the cooked duck fly away.

    "What preferential terms did the Li family propose?"

    "There are two main points. One is to increase the acquisition price to 7.2 billion pounds. The second is to agree with the British trade union organization on increasing worker benefits and exempting layoffs, which in disguise increases the acquisition cost."

    "Oh, hehe, the Li family is quite optimistic about this property, and the price they paid is not too high."

    Wang Yaocheng smiled calmly, and changed the subject: "According to our rigorous scientific assessment, our purchase price is 6 billion pounds, and the annual investment rate of return is about 6.7%. It will increase depending on the level of management.  Minus. Then, how much can the Li family's bid reach?"

    "Uh this we haven't calculated it accurately."

    Wang Yaocheng's face sank and he said: "Know yourself and know your enemy, you can win a hundred battles, join the Li family and agree to the conditions of the British Water Works Association, and it is easy to calculate the return on investment. This matter will be done soon."

    "Yes, Chairman, the next step"

    &nnbsp; "It's okay, we've finished talking about things here." Zhang Shuguang replied with a smile, turned around and respectfully said to Wang Yaocheng: "Chairman, I will implement your instructions immediately."

    "Go ahead and entertain our friends well."

    "I see."

    Zhang Shuguang intuitively felt that his vest was getting cold, so he responded quickly and left the office in a hurry.

    Wang Yaocheng walked to the leather chair behind the desk and sat down. He glanced at the cigar case. Here, He Chen had already taken out one swiftly, cut off the cap, lit a match to roast it, and respectfully presented it to him.  .

    Wang Yaocheng lit his cigar, puffed out a puff of smoke comfortably and sat on the leather recliner. He Chen immediately reported:

    "Chairman, according to your schedule, Mr. Shay, vice president of Marvel Entertainment Films, has an important report, involving Disney and Comcast's attempt to acquire our Marvel Animation, and there is estimated to be a new report."

    Wang Yaocheng showed complicated considerations in his eyes, nodded and said: "Let Xie come in and see if there is anything new."

    "Understood." (Remember the website URL: www.hlnovel.com
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