After the advance team here contacted Private D, the Australians were both surprised and very welcome to China Automobile's willingness to acquire it. Needless to say, the unexpected part is that people never considered that Chinese people might be potential buyers before, because in their impression, China is still quite poor! People haven¡¯t gotten used to the fact that Chinese people are already rich! Now I heard that a Chinese company came over and wanted to acquire it, and this company seemed to be related to Huaxia Hi-Tech, which makes mobile phones and search products, so they immediately welcomed it with both hands and feet! After they welcomed them, and after hearing the request from the Chinese team to learn more about private products and technologies, these Australians were so positive!
Not only did they provide detailed information on their full set of products and technologies within three days, they even found an international student from Australia to do a rough translation! It¡¯s even been translated into Chinese! This attitude, this positivity, that's definitely a good thing, right? After Jia Hongjian and the others got the information, they found that this private person was not that bad after all!
Yes, the so-called second largest independent gearbox company in the world is a vain and flattering way of saying it, and it is just adding fuel to the fire. Although it is said that D privately is actually the second largest independent gearbox company in the world, there are only two independent gearbox companies in the world. The first one is a very large gearbox company like Germany, so this is D They are the second largest independent gearbox company in the world, which is the same as saying they are the number one independent gearbox company in the world. Although it sounds like the private sector is very poor, although from what Ding Haitao heard before, this company originally made tractor gearboxes and so on. It seems that the technology is very poor, but in fact, after we actually read their information, , you will find that this enterprise technology is still working!
??First of all. Although they had not done any gearbox adaptation work for passenger cars before the 21st century, their products had never been installed on passenger cars before. But after their new eo came to power in 2000, they led the transformation of the company and began to embrace Ford's lap. After all, Ford only makes passenger cars, so the company still has to do the adaptation work for passenger cars. But Ford made them adapt. In the early days, they were mainly American-style muscle cars. This kind of American muscle car has high horsepower and large displacement. After several years of matching it with Ford, and after gaining a certain amount of experience, they also gave it to Daimler. Chrysler, the American car brand owned by Mercedes-Benz, is matching premium cars.
It¡¯s just that Chrysler¡¯s sales in Australia are not high, and even Chrysler¡¯s own sales are not very satisfactory, so in 2007, the entire Chrysler brand was directly sold by Mercedes-Benz. Under such a situation. If we really talk about D private transmission products, they have been matched and adjusted for passenger cars. However, the matching they have done so far has been for engines with a minimum displacement of 2.0 liters, which has never been done before. 2. Matching work for engines below 0! Under such a situation, it may be quite troublesome for private cars to match various low- and mid-range models with a displacement of less than 2.0 liters. But wouldn¡¯t it be great to let D privately match Saab¡¯s high-end models? Saab has several engines such as 2.0, 2.4, 2.5 and so on! At the same time, on the other hand, because these private gearboxes were originally used for tractors and trucks, China Automobile developed SUVs. When we start to expand the domestic SUV market, it is obvious that private cars can also play a big role, right?
From these aspects. It can be considered that the acquisition of D private company is not a loss, and even has certain benefits. Of course, from another point of view, whether it is a loss or not depends on how much money was spent to acquire the company! They will definitely not take the initiative to make an offer, they will definitely be waiting for me to make an offer. As for the price we offer here, we still have to look at the book and financial situation of D private company. It depends on the specific book and financial situation, which is not something we can look at casually. We have experience in this, and we must first sign a letter of intent to acquire it. It¡¯s in such a letter of intent. There is a confidentiality agreement, which means that a third-party accountant team will be hired to sort out the financial status of this private company. Only the buyer of China Automobile can know it, and China Automobile cannot spread it at will.
After signing the agreement, you can look at the debt and financial status information provided by the company. After roughly figuring out how much money d will own and how much debt it is, the next step is to actually start "bidding" for the intention. . The buyer needs to explain how much money he is prepared to pay, what the transaction structure is, what he wants to buy, and what the source of funds and the transaction method are. Some are divided into cash and shares, and some are for management. shares, some were acquired in cash. After the seller has seen such a real intention, if they think it can still be negotiated, they will come over to negotiate in detail. Generally, at the beginning of the detailed negotiation, you still need to talk about the future management direction, the development direction of the company, etc., so that you can give the targetThe acquired company's management and employees build confidence and help the acquisition go smoothly.
Of course, for example, when GM acquired Saab, there was no such process. At least when Jia Hongjian communicated, he was not talking to GM people. Because GM itself is a stepmother, they don¡¯t care how the company develops in the future! Even if China Automobile plans to buy Saab and then directly scrap it, and wants to burn down Saab's headquarters, then as long as the Swedish police don't arrest Jia Hongjian and the others, how can GM people care about it? General Motors is unable to protect itself when it crosses the river, so it just sells various second- and third-tier sub-brands in exchange for money! So as long as the buyer is willing to pay, what else do they care about how the buyer develops after buying it? Never mind their business! Originally, most of the sub-brands for sale were not developed by GM from scratch. They were basically purchased brands, and they wouldn't feel bad!
But it's different here with Private D. After all, it's the company itself that negotiates the acquisition with us. For example, after the senior executives turn around and make the acquisition, they still have to work under our banner. Of course they are. We should be concerned about how to develop after the acquisition. Having said that, after everything is settled, according to the order, the next step is to conduct an on-site investigation, that is, to determine whether the account situation seen before is the same as the actual situation. Otherwise, if the buyer is fooled, what if? It would be disgusting if the buyer only found out after paying that there were hidden accounts. If there is no problem next, we will continue to discuss various details and wrangling issues in detail, which may involve whether there will be any legal issues after the acquisition, environmental issues, etc., to bargain or increase the price. In the end After everyone has signed the contract, it¡¯s time to wait for approval.
¡°After all, our acquisition is still a cross-border acquisition. Logically speaking, we still have to wait for approval from the commercial regulatory authorities of both governments. As for the commercial regulatory authorities, they mainly look at whether such an acquisition will lead to market monopoly, as well as a routine review of foreign investment, among other things, such as some funds related to terrorists, or countries sanctioned by United Nations resolutions. Funds, they definitely cannot be invested! When all the approvals are obtained, of course the transaction will be considered successful, and then you can take over and carry out various integrations on your side.
Of course, the above mentioned are theoretical processes, but what Jia Hongjian and the others did this time was actually somewhat different from the theoretical process. After Jia Hongjian and others obtained the technical information and various product introductions, they did not immediately propose an acquisition intention. Instead, they led the team to Australia first, preparing to take a good look at the factory and their products. How about it!
Jia Hongjian and the others returned to China first, and after bringing along Mr. Guo Konghui and other technical experts, the group flew to Australia in two special planes. After arriving in Australia, Jia Hongjian and the others were of course warmly received by the private company. The faces of the shareholders and executives of the private company were so happy that they wrinkled like orange peels. Jia Hongjian must have heard of people here in Australia before. They seem to look down on East Asians, and he doesn't know why. For example, their ancestors, the British, were not so xenophobic, but Australians are xenophobic. Maybe this is also related to the fact that Australians are basically the descendants of British criminals. After Australia was first discovered, the British looked at this big island hanging alone in the middle of the sea. It was very nice, very desolate, and quite far away from anywhere. It was far away, so we decided to use such a place as a place of exile for criminals. In short, Australia was a huge prison without guards back then!
How many British criminals were shipped here on ships, and then left to survive on the Australian continent like a battle royale of the fittest. In the end, the Australians became weirder, more barbaric, and easier to understand. Not to mention other things, Australian players, whether they play football or basketball, have a lot of small moves and put more emphasis on the body, and even It's quite common to be beaten dirty!
¡°But we¡¯re not here to get a wife, we¡¯re here to buy manufacturers. If the acquisition is successful in the future, no matter what the employees in this factory think of Jia Hongjian and his gang of bosses, they should at least have a smile on their faces. After all, no one has a grudge against their work, and no one has a grudge against money. ah! (To be continued.)