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Volume 1 The Miracle of Qishan Chapter 178 The Departure of the Chinese Department

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    The British Cable and Telegraph Company is the name of Hong Kong and the British Cable and Telegraph Company in the mainland. It is also the second largest telecommunications company in the UK and has a history of more than 100 years.

    The key reason why the British Cable and Telegraph Company wants to sell Hong Kong Telecom is that the competition in Hong Kong's telecommunications industry is too fierce and prices are getting lower and lower. Newly entered companies adopt newer equipment and technologies, and with fewer employees, the costs are relatively low.  Low, barely able to make small profits, but Hong Kong Telecom absolutely cannot.

    China Resources Manzhong Telephone Company is also an old company, but it has the background of a central enterprise. It does not mind if this business continues to lose money. New World Telecom is relying on the huge profits from the real estate industry to develop wildly Especially New World Telecom, China Flag International in  After New World Telecommunications became a shareholder, it has been in an irrational expansion momentum, which has caused hardship to Hong Kong Telecom.

    Li Jiachen is a relatively safe veteran capitalist. He has to calculate the profitability ratio and debt ratio. If he calculates the profitability ratio clearly, he will know that Dadong Cable and Telegraph Bureau is definitely not selling assets simply because he is not optimistic about the future situation of Hong Kong.

    If it can really make a long-term profit, the selling price of 37 billion is definitely not a problem for Hutchison Whampoa. Li Jiachen is unwilling to sell at this price. There is no doubt that he really does not have much confidence. What is the situation of Hutchison Telecom that he is running?  , he still doesn¡¯t know?

    The trend of history is very interesting. Four years later, at the peak of Internet technology stocks, Li Jiachen's youngest son, the legendary technology upstart, suddenly invested in the acquisition of Hong Kong Telecom, which was really unsaleable at the time, and also invested in Bank of China International  With the support of Chinese consortiums such as CITIC International Trust and Investment Company and CITIC International Trust and Investment Company, it borrowed US$11 billion to defeat Singapore Telecom and became the final winner of Hong Kong Telecom.

    It started well and beautifully, but unfortunately it ended badly.

    After the technology stock bubble burst, Hong Kong Telecom's market value plummeted from HK$250 billion. In addition, it used a consortium loan to acquire the company, and the loan was added to the telecommunications company. This put the company under huge interest pressure, operating costs were too high, and it soon became negative.  The final market capitalization of asset companies was only 4% of its peak in 2000, and this continued until it was removed from the Hang Seng Index.

    Isn¡¯t it bad?

    Therefore, Jiang is still old and hot. Li Jiachen, who did not accept the price of 37 billion Hong Kong dollars, naturally has his reasons for not being able to break through.

    Yang Shaozong must have had his own ideas. After a little calculation, he told Li Jiachen: "It's about 35 billion, I'm willing to eat it!"

    Since his opponent is willing to take in, Li Jiachen is also happy to see the results. If he does well, that is the ability of young people. If he does not do well, it is normal to be honest. He is not very sure.

    Li Jiachen gently lifted the black plastic frame, thought briefly for a moment, and said: "I can go and introduce it to you, but in the end, you still have to send someone to be responsible for the comprehensive negotiations. I can go to the Hong Kong government  Convince them to include you in the scope of the license. If there are problems with capital operations, I can lend part of it, but the amount is still relatively limited. You'd better get it at a price of 35 billion. Any higher I think it is very uneconomical.  , it¡¯s better to invest your money directly into New World Telecommunications, which you already hold shares!¡±

    After a pause, he added: "I also want to remind you of another question. This is basically a common problem in the acquisition of British companies. The salary structure is too high and very unreasonable. The pressure to take over is very high. The number of middle-aged and elderly executives  And more.¡±

    Yang Shaozong said: "Thank you for your reminder. I will pay attention to this issue. Telecommunications is the new field I want to develop most. In the mainland, only central enterprises can do it. I can't do it, so I have to try it in Hong Kong first."

    Li Jiachen asked: "Don't the Zhongqi Department also have this opportunity?"

    Yang Shaozong thought for a moment and answered truthfully: "In July last year, I was invited to participate in the central telecommunications policy consultation meeting. Later, I also reported to Prime Minister Rong on this issue separately. My opinion is that private ownership and joint-stock companies should be allowed.  The telecommunications industry has joined because the telecommunications industry is now considered a high-tech industry, but in ten years, it may become a sunset industry again. The technical difficulty is very low and is far inferior to the manufacturing industry of telecommunications equipment. Premier Rong  It can be introduced, but the scope must be controlled. We estimate that this pilot will be conducted in Guangdong Province. I want to win Hong Kong Telecom now because I hope to increase the chips in my hand. Of course, even if I cannot win Hong Kong Telecom, with the new technology in my hand,  World Telecom, we estimate that there is a 50-60% probability!"

    Li Jiachen's ears suddenly warmed up. He now finally understood why the Zhongqi Department had developed so rapidly in the mainland. The key was the foresight in policy. Now the Zhongqi Department was not a foresight in policy, but was directly involved in many policy formulations.  .

    This is actually something that many central enterprises cannot do, and this is almost all thanks to Yang Shaozong¡¯s industrial transfer in investment banking. Now Zhongqi Investment Bank has the best team of economists in the country.

    This new change made Li Jiachen a little embarrassed. He had alreadyIt is wonderful. Nissan is in deep debt crisis and urgently needs funds to solve its current situation, so it can accept this clause, while Renault is not willing to let China Automotive Industry Group hold shares.

    The two parties are in further negotiations. It is currently not ruled out that China Automotive Industry Corporation will inject capital into Nissan, and China Flagship will hold part of it through a Hong Kong company and provide loans to help Nissan ease the temporary situation. Instead of cooperating with Renault, it will  Form a new cooperation structure between China, Nissan and Yuhua.

    After arriving in Guangzhou, Yang Shaozong quickly met with Yang Jianlin and discussed with the leaders of the Guangzhou Municipal Party Committee the possibility of placing the Shenzhou Department in Guangzhou as an industrial base in the south.

    In the next fifteen years, the Shenzhou system will become the main direction of investment and research and development of Zhongqi. Automobiles, shipbuilding, engineering machinery, and metallurgy are all the main directions of the Shenzhou system. In addition, the Shenzhou system and the Zhongqi system will also  On the basis of China Electronics Group Company, we will continue to add three new investment directions: China Electric Power Investment Corporation, China Mining Group Company, and China Locomotive.

    At this time, Yang Jianlin is already negotiating with Yangtze City and Tangshan City, and is expected to get one of the two, that is, the Southern Machinery and Vehicle Manufacturing Factory and the Northern Machinery and Vehicle Manufacturing Factory must win one, and then join forces with Xi'an Jiaotong University and Harbin Institute of Technology to develop high-speed rail  research projects.

    According to Yang Jianlin¡¯s estimates, they plan to invest a total of 6 billion in technology research in this area within ten years. On the other hand, they will also consider purchasing a series of foreign technology patents to shorten the research and development cycle as much as possible.

    Six billion investment is not a small amount. Although Xi'an Jiaotong University and Harbin Institute of Technology have a certain research foundation, it is still relatively difficult.

    In addition to investment in high-speed rail, China Shipbuilding Industry Group has separated its headquarters and adopted a joint-stock operation. Through preliminary operations in the province, it has now begun preparations for investing in a 100,000-ton LNG project.

    The Zhongqi Department has no longer claimed once or twice that it will adjust its industry to high-precision technology and heavy industry, and it is not just a propaganda that ends with a few sentences. Now it is really doing this. Everyone can see that the Zhongqi Department is still  It is gradually increasing the cash out of its subsidiaries, gradually diluting its shareholdings in Qizhen and other companies, and obtaining funds to participate in new industry directions.

    The transformation of the Zhongqi Department is an excellent opportunity for all investment institutions. After six years of long-term operation of the Shenzhou Department, the Zhongqi Department has now begun to launch this giant-class battleship. The total amount of funds spent is  The amount is definitely unprecedented, and this is a good opportunity for all investment institutions. It means that they have the opportunity to absorb the original shares of Zhongqi Department, and it means that they have the first real opportunity to hold Qizhen and Qizhen.  Shares of textile companies and other companies, and these companies are all leading stocks in Shenzhen, Songjiang and Hong Kong. They are absolutely blue-chip stocks and are rare good stocks everywhere.

    "Zhongqi is willing to transfer, and others are eager to accept it, or even rush to accept it. International investment institutions, Hong Kong capital, Taiwan capital, Singapore capital, and Southeast Asian Chinese businessmen all have hospitals in this field, and there are even more domestic investment institutions.

    Zheng Yutong even said that the Hong Kong stock market can exceed 30,000 points. Buying Qizhen now means holding a golden rice bowl in the mainland. With a market of more than one billion people, Qizhen Food will make endless profits!  ro!  .
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