Galaxy Technology Empire

Chapter 34 Acquisition Completed

Li Jianhua's previous dawdling at Lifan was just to cooperate with Huang Junjie's actions.

That's why he proposed a condition that was unacceptable to Yin Mingcheng, and then created the illusion that the two sides were at a stalemate in negotiations.

But now that Huang Haojie has closed the net, it is time for his side to end the negotiation.

Li Jianhua smiled and handed a document to Yin Mingcheng opposite.

Yin Mingcheng took the document, glanced at it and his eyes widened, then glanced at Li Jianhua in surprise, and asked uncertainly:

"Mr. Li, did you get the wrong documents?"

"Chairman Yin is joking, this is our condition." Li Jianhua knew that Yin Mingcheng would be surprised.

Seeing Li Jianhua's calm and composed appearance, Yin Mingcheng's thoughts suddenly changed.

He did not expect that Galaxy Technology, which had been insisting on obtaining a controlling stake in Lifan shares, would today give up on acquiring Lifan shares and instead proposed to acquire Lifan Motors, or rather acquire the production license of Lifan Motors.

Lifan Motors is one of the two major automobile production subsidiaries of Lifan Co., Ltd. and obtained a new energy vehicle production license in 2014.

Yin Mingcheng has been extremely disappointed with Lifan Motors in the past few years. If it were not for the support of Lifan Motorcycles and other industries, Lifan Motors would have gone bankrupt.

If it were just to acquire Lifan Motors, a subsidiary with serious losses, Yin Mingcheng could consider it.

Huh? No!

Yin Mingcheng suddenly realized why Galaxy Technology, which had been insisting on acquiring Lifan shares these days, suddenly changed its attitude.

When he thought that Lifan shares had soared to a stock price of 44 yuan, he immediately understood.

Yin Mingcheng suddenly asked:

"Galaxy Technology must have made a lot of money in the stock market this time!"

Looking at Yin Mingcheng who had already reacted, Li Jianhua smiled and said nothing, but gave Yin Mingcheng a knowing look.

As for admitting it, it is impossible. After all, it is best to let things go as soon as possible. If it goes too far, the China Securities Regulatory Commission will not stand idly by.

Looking at Li Jianhua's expression, Yin Mingcheng knew that Galaxy Technology had made a lot of money in the stock market.

He couldn't help but curse in his heart, these Lingnan guys are really ghosts, they will bite them hard and make Galaxy Technology bleed.

But when Yin Mingcheng turned to another page of the document, he couldn't help but smile bitterly in his heart.

The document states that if Lifan Motors agrees to sell Lifan Motors to Galaxy Technology, Galaxy Technology will agree to allow Lifan Motorcycles to join the Electric Vehicle Industry Association.

As a company related to the electric vehicle industry, Lifan certainly knows something about the electric vehicle industry association established by Raytheon. After all, the two parties are half peers.

It was precisely because of this understanding that Yin Mingcheng knew how beneficial it would be to join the Electric Vehicle Industry Association.

After all, only by joining the Electric Vehicle Industry Association will Raytheon Battery Company agree to sell Raytheon batteries, which is equivalent to a disguised electric vehicle production qualification.

In addition, the wholesale price of Thor batteries is 80 Chinese yuan per kilogram. This price makes the production of electric vehicles or electric motorcycles profitable.

His brain quickly calculated that Thor batteries cost 80 Chinese yuan per kilogram. Judging from the current retail price of electric vehicles on the market, a Thor series car has a profit of at least 800 to 1,000 Chinese yuan.

If it is a high-end product, the profit will be even greater.

No wonder Galaxy Technology was able to raise 6 billion in capital at once.

This is where Yin Mingcheng smiled bitterly, because Galaxy Technology offered an offer that he couldn't refuse.

In fact, he knows that Lifan has been in decline in recent years, especially Lifan Motors has suffered serious losses, and the sales volume and profits of Lifan Motorcycles have also declined.

Yin Mingcheng was eager to find the next profit growth point, but to no avail.

Obviously, Thor Battery and Lifan Motorcycle's expertise may be able to give Lifan a second spring.

Adding the last condition, Yin Mingcheng is allowed to personally invest 500 million to purchase 5% of Pengpai Power's Class B shares.

Yin Mingcheng could only smile bitterly and said:

"Mr. Li, your Galaxy Technology is really taking over Dinglifan Automobile."

"What do you think, Chairman Yin?" Li Jianhua asked with a smile.

"I agree, Galaxy Technology will invest 200 million yuan to purchase Lifan Motors." Yin Mingcheng nodded.

Li Jianhua stood up and said with a smile: "Happy cooperation!"

"Happy cooperation!" Yin Mingcheng also stood up and shook hands with Li Jianhua.

As Lifan's largest controlling shareholder (47%), Yin Mingcheng obviously has the power to decide on the sale of Lifan Motors.

In fact, even if a shareholders' meeting is held, those shareholders are expected to agree to Galaxy Technology's acquisition of Lifan Motors.

After all, Lifan Motors is completely losing money now. If you can exchange a useless license plate for 200 million yuan and the cooperation of Galaxy Technology, then why not do it.

The two parties soon discussed the details, and Yin Mingcheng and Li Jianhua signed the acquisition contract for Lifan Motors on behalf of Lifan Co., Ltd. and Galaxy Technology respectively.

At the same time, a strategic partnership between Galaxy Technology and Lifan Co., Ltd. was also signed.

After completing the acquisition of Lifan Motors.

The official website of Lifan Co., Ltd. immediately released the relevant acquisition details and the strategic partnership with Galaxy Technology.

Immediately, the reactions of investors and institutions in the stock market became polarized.

Many people believe that Galaxy Technology has not fully acquired Lifan's shares and Lifan's future is mediocre.

At first, they thought that Galaxy Technology was going to be listed through a backdoor listing, but they did not expect that it would just acquire Lifan Motors in the end.

Others believe that after Lifan and Galaxy Technology reach a strategic partnership, they will inevitably become a new star in the electric vehicle industry, and perhaps even the motorcycle industry, which is their main business, will also benefit.

But generally speaking, most people are not optimistic about it.

Therefore, the stock price of Lifan shares fell amid fluctuations.

On the other hand, Li Jianhua continues to stay in Shancheng. He needs to complete the work of receiving license plates for Lifan Motors.

There are a lot of things to do next, such as changing the company name, cleaning up historical issues, etc.

Li Jianhua was so busy that his feet never touched the ground.

However, Huang Haojie found a president for the newly established Pengpai Dynamics through a headhunting company, named Zhao Tong, who used to be a deputy manager at GAC Toyota.

For The Paper, its headquarters will be established in Haicheng County. After all, the name The Paper has a different meaning to Haicheng County.

During the National Day, Zhao Tong was also very busy. After all, an automobile company needs too many things.

The operation line processes of the automobile production line include welding, stamping, painting, power assembly, etc.

Due to the surging power of electric vehicles, it is relatively simple to use the powertrain.

But welding, stamping, and painting are similar to traditional cars.

In addition, there are suppliers of spare parts that need to be negotiated, such as tires, window glass, seats, car speakers, air conditioners, etc. If Huang Junjie is allowed to run by himself, he won't even know where the doors are.

On the other side, Meteor Shower Company also stopped.

He didn't want to really be targeted by the China Securities Regulatory Commission, even though this operation was very secretive, and even Meteor Rain Company was linked to an offshore company in Hong Kong.

But upon closer inspection, some clues will still be revealed.

Huang Junjie asked Xiao Lisa to give each trader one million, and then let them travel for a month and then come back to work.

As for the issue of confidentiality, there is no need to worry. These traders know that leaking secrets will definitely harm others and not benefit themselves, and they may even go to jail.

More updates! Thank you for your support!

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