The Industrial Giant Reborn.

Chapter 476 Sunseeker Yacht
Although Chen Zhiwen is not in a hurry to return to Hong Kong, it is obviously impossible for Chen Zhiwen to stay in the UK until the acquisition is completed. He can meet with senior British government officials and get a non-rejection attitude. In addition, his subordinates and entrusted investment banks have begun to work with Leyland Motors. By conducting negotiations, his purpose this time has been achieved. After all, no acquisition can be so smooth, especially since Mini is a brand owned by a British state-owned enterprise and has not been listed on the market. There is no obvious reference price, so there will be a lot of wrangling. .

In the original history, Mini in the 80s followed other brands in internal transactions in the UK. The British government sold Mini to a private British company. In the 90s, BMW also acquired the parent company of Mini at the time. Therefore, Chen Zhiwen doesn't know what the mini's transaction price should be, but based on its operating conditions in recent years, it's impossible to get that high.

Mini was born in 59. It can be said to be a relatively famous car in the 60s. When it was first launched, it was very popular with some consumers. By 1965, the total production volume exceeded one million, and in 69 it reached 200 million. In 1971 and In 1972, MINI's annual output reached a record high of 31.8 vehicles, and its total output reached 300 million vehicles. In 1976, it reached 400 million vehicles.

It achieved impressive results, but began to decline in the late 70s. In recent years, its annual sales have been less than 40 vehicles, but its factory's production capacity has been as high as [-]. Poor sales of new models have led to the former R&D investment becoming Huge losses, and this is despite sharing a large number of parts.In addition to external market changes, there are also big problems in its own operations.

In this case, if mini is acquired, it is particularly important to obtain real management and operation rights, and this is also the first step. At the right time, mini's factory must also be placed elsewhere, especially if you are preparing to enter the U.S. market and use AMC's sales channels in the United States will inevitably need to build factories in the United States to reduce costs. For Asia, the best choice is naturally the mainland. The mainland's own market is not small, especially AMC is also making every effort to build related industry chains. Subsequently, SAIC Volkswagen will also participate in this process. By building a factory here, the cost will be greatly reduced, and it can also radiate throughout Asia.

Of course, this plan is still far away, and it is just a concept now. In the short term, it will definitely be produced only in the UK.

"Sheng Chen, this is all the information about Sunseeker Yacht Company. Please take a look." Zhou Jiayang walked up to the boss and said.

In a coffee shop at the Intercontinental Hotel, Chen Zhiwen was sitting by the window enjoying coffee, looking at the scenery outside, and also looking at the information handed over by Zhou Jiayang.

"Can you build more than 80 luxury yachts a year? A total turnover of 5000 million pounds? It's not that small." Chen Zhiwen nodded after reading about it.

"There are still many larger yacht manufacturing companies in the UK, some of which are several times or even ten times the size of Sunseeker. However, when they contacted us, they refused directly, and my people did not continue to follow us. Now they are still in the stage of collecting information. At present, there is only Sunseeker Yacht, which is of decent size, and it also shows that the acquisition can be discussed." Zhou Jia Yang Hui reported.

As early as a few months ago, the boss had intended to acquire a yacht company in Europe or the UK, so that he could meet some of his own needs. If there was an opportunity, he could also set up a branch in Hong Kong, especially in Tin Shui Wai, Hutchison Whampoa. We have been preparing to develop a new town there for some time. The local area also needs some industrial industries. Midea and Red Bull will also help. However, if we plan to build a town, these two companies alone do not seem to be enough, and a yacht manufacturer The company is a good choice.

First of all, Tin Shui Wai is located in a remote location, and labor costs are much lower than those of Hong Kong Island and Kowloon. Second, it is close to the sea and has a geographical environment for building ships. Third, it is close to Deep Sea City, where the industrial development speed is changing with each passing day. Sooner or later, it will be able to provide a small shipbuilding industry. Provide processing parts from various companies, killing four birds with one stone.Of course, it is impossible to rely solely on one yacht company to build a town in Tin Shui Wai. It can only be said that this is part of the plan.

Therefore, Zhou Jiayang sent people to Europe to conduct investigations a long time ago. This time he went on vacation with his boss, so he could review all the information.

"This medium-sized one is enough, as long as it has a certain reputation and technology. Let's talk about the price. If you think it's suitable, just buy it, and then slowly try to build the least difficult small yachts in Hong Kong. , and then slowly expand." Chen Zhiwen didn't pay too much attention to it. The value of this kind of yacht company is not low but not too high. For this kind of small investment, he will eventually know the data. If there is any, he will discuss it with Just compare the merger and acquisition prices of similar companies at about the same time.

When acquiring a yacht company, one is to consider that although the economy in Asia is not as good as that of Europe and the United States, there will be a lot of wealthy people in the future. These people will all have demand for yachts. There is no need to make them cheaper than European and American companies. To build one in Hong Kong, as long as it is famous If the price is more affordable and the after-sales service is better, then there is basically no need to worry about running out of business. Secondly, this is a channel that can make friends with wealthy people in many places. Although Chen Zhiwen may not necessarily beg these people, but do you know more about them? The disadvantage is that there may be many opportunities for cooperation. The third is that I will have a lot of needs in the future. It is unnecessary to always look for others to order.

Of course, promoting the last bit of industry in Hong Kong is an additional purpose. High-profit industries still don’t care much about Hong Kong’s wage levels. In addition, I am also planning to put the factory in Tin Shui Wai, plus Midea Red Bull and I will prepare for Tin Shui Wai in the future. For other industries that can be developed in Hong Kong, the real estate value of Shui Wai that day will definitely be several times higher than that of the original slums in history. In this way, with 5 square kilometers of land, we will be the biggest winner, even those manufacturing industries are not profitable. , but as long as a large number of people are stabilized and you control the regional business, you can obtain higher profits through other methods, and the local people will also benefit.It’s a win-win situation.

"Okay, Chen Sheng, we will continue to follow up on the price." Zhou Jiayang said.

"This yacht company is a trivial matter. How is Rio Tinto's stock doing?" Chen Zhiwen asked again.At present, he has just started the layout of the mining industry. The only mineral deposit he can get is the Christmas Creek Iron Mine. But even if the cooperation is negotiated tomorrow, it will take at least a few years to develop this mine. I think it will take at least a few years. To achieve scale, the time may be ten years.

Although mining is a focus of Hutchison Whampoa's industries, and a large amount of money will be invested in exploring or purchasing other mineral deposits in the past few years, no matter what we do, it is impossible to catch up with even medium-sized mining companies in a short time. Quite possibly, the only way is to acquire a suitable target.

However, Hutchison Whampoa still lacks experience in this industry at present. Even if it acquires a company, it may be difficult to truly control this type of company. Therefore, there is no rush for the time being. We will wait until more talents in this field increase and have sufficient experience before considering this. thing.

Before that, for the purpose of investment, first invest in some future ore giants. When your own strength becomes stronger in the future, you may be able to have a reverse influence on these mining giants, just like the small Japanese consortium.

Rio Tinto and Vale are the future super mining giants. They will naturally give priority to these two if they choose. However, Vale is not yet listed. If they want to take a stake, they have to negotiate with Brazilian officials to do so with the dollars they urgently need. Although I feel a little confident about the exchange, after all, the Brazilian government is going bankrupt, so it shouldn't be willing to give up even a few shares. I'm not asking for management rights or voting rights. It's just an economic investment, and the price given is not Definitely market level.

Rio Tinto is much simpler here. It is a listed company, and it can just purchase shares directly on the stock market. From an economic perspective, it cannot do too much, otherwise it will lose money if the stock price rises.

"In the past six months, I have also arranged Hutchison Whampoa's overseas funds to come to the UK to acquire Rio Tinto's shares. Currently, I have acquired about 4% of the shares. Including the shares purchased from Jardine Matheson, it is almost 7%. ." Zhou Jiayang said.

"The speed is indeed not fast. Just continue. In addition, we can directly contact some Rio Tinto shareholders, such as using Standard Chartered as an intermediary, and directly acquire their stocks at a high price." Chen Zhiwen added: "We are not really acquiring it anyway. Even if it is exposed, just come out and explain it, and there is no need for voting rights or anything like that for the time being."

I carefully purchased several stocks in Hong Kong, including Wharf, Hong Kong Electric, and Land Jardine. The purpose of these was to eventually acquire them, so it had to be carried out in a low-key manner, which lasted for several years, but Rio Tinto still couldn't. Similarly, as long as I can achieve economic investment benefits at present, I may pursue a certain degree of influence and power in the future, but that is also a matter of the future, and I will definitely not compete for management rights.

Moreover, Rio Tinto has developed from one of the top ten mining giants now to one of the three giants in the future. It is natural for the management to be capable, but the same is true for multiple mergers and acquisitions. In order to reduce financial pressure, many of them choose to exchange shares. , in this way, one's own shares will inevitably be diluted, so acquiring more now can also ensure that there will still be a certain proportion after multiple dilutions in the future. Of course, at that time, oneself should also follow up on the share increase.

"Okay, how about contacting Rio Tinto directly and giving them the money directly? What do Chen Sheng think?" Zhou Jiayang said.

"They may not agree, but it doesn't matter if you give it a try." Chen Zhiwen doesn't care. It's just investment and has no other purpose.

"Okay." Zhou Jiayang agreed.

"However, in addition to Rio Tinto, I also want you to secretly acquire shares of Standard Chartered Bank in the UK. This time, it must be kept strictly confidential." Chen Zhiwen added.

(End of this chapter)