Chapter 394: Entering the financial business
“3 million US dollars? What do you need so much money for?” Yang Wendong asked in confusion: “Do you still want to increase production capacity at this time?”
< br>Wang Yongqing nodded and said: "Yes, I still believe that the Asian economy will never be hit by a slight economic crisis. Nowadays, global trade is inevitable. Japan in Asia, some countries in Southeast Asia, including Hong Kong , will be the best location to undertake the low-end manufacturing industry in Europe and the United States.
And there are 2 billion people in Asia. Once the economy develops, not to mention other things, everyone will buy a few plastic pots at home. Plastic buckets and the demand for plastics are huge. Isn’t this the reason for the rise of Hong Kong’s plastics industry 10 years ago? In the future, one billion people in Southeast Asia will inevitably follow this path.”
Yang Wendong. Then said: "Having said that, if you invest so aggressively, you are not afraid of missing time. If the economy has not recovered after the aggressive investment, then you are not allowed to go bankrupt?"
Sometimes, like real estate, industry also has peaks and troughs. If the prediction is wrong, it will be fatal. In fact, doing business has always been risky.
Wang Yongqing added: "So the US$3 million is not used to increase plastic production equipment, but to use various precision chemical production equipment needed to produce plastics, such as acrylic acid and its esters, chlorofluorocarbons , acrylonitrile, etc.
Although the chemical industry in Wanwan has developed well in recent years, it is far behind Japan, Europe and the United States. Many chemical materials still need to be imported. Once I can take advantage of the current period of low equipment prices, , after purchasing these equipment, not only will there be no need to import, but these materials can also be exported, killing two birds with one stone. "So it is similar to developing towards the front end of the industrial chain?" Yang Wendong smiled, regarding chemical materials, Of course he doesn't understand.
But Wang Yongqing also understood what he meant. Just like Changxing Industrial, after the industry in hand has a scale, it needs to develop towards the front end. Otherwise, if the industry chain cannot be mastered, it will never be able to develop into a top-level industry. giant.
Wang Yongqing smiled and said: "Yes, Yang Sheng's Changxing Industrial has actually been doing this for a few years. From glue to paper, as well as investing in Formosa Plastics, they are all for this purpose;
Naturally, Formosa Plastics is not willing to be just a processor, so we must gradually penetrate into the upper and lower ends. The lower end is more complicated and there are too many types of plastic products. I don’t know what to do, so I will work on the upper end first. .
Although the raw material of plastic is naphtha, which I cannot produce at present, various chemicals are also crucial and account for a large part of the cost. Moreover, the prices of these chemicals fluctuate greatly and are easy to produce. As a result, I can't control the costs here. It would be much more convenient if I could do it myself."
"It's not a bad idea to enter the petrochemical industry," Yang Wendong nodded.
This kind of industry is difficult for him to start in Hong Kong. If it involves highly toxic substances, he would not dare to try it. The risk is too high and there is no need; when it comes to safety, he would rather spend more Counting money, the poison gas leak in India in the 1980s was really shocking.
However, it would not be a problem if Wang Yongqing came, because he must have done this in history. Otherwise, without the front-end and back-end industries, Formosa Plastics would not be able to become a world-class plastics group. Now it may be because of its large investment in the early days. As a result, he was ready to invest in these industries in advance.
Wang Yongqing added: "Yang Sheng, you must also prepare to make plastics in Hong Kong. When my chemical investment is successful, it will be much more convenient for you."
"Yes. ." Yang Wendong also said with a smile: "Looking at it this way, it is also good for me."
I want to vote. This kind of thing cannot be concealed. Whether the first such polluting petrochemical industry can be built must be discussed with the Hong Kong government. At least verbal consent must be obtained first, and then Consult overseas production equipment manufacturers, etc., and once the Hong Kong government is notified, some senior people in Hong Kong's business community will definitely know.
Even if the Hong Kong government keeps it secret, they will have to find equipment manufacturers and consult their opinions in the future. Besides, even if it is kept secret in the early stage, there is no point, because the factory will be built sooner or later.
It was not a military factory during the war, so there was no need to keep it secret. Instead, Wang Yongqing was asked for his opinion very early. Wang Yongqing was also a smart man and knew that he could not influence his major shareholders, investors and customers, so he took the initiative to give some advice. Small comments and so on.
Wang Yongqing nodded and said: "Cooperation will benefit both sides. Whether it is Hong Kong or Wanwan, it is very difficult to build a petroleum derivatives industry chain with plastics as products alone, but we can cooperate. .
Wanwan has talents, land, and government policies; Hong Kong has funds and markets. In addition, the distance between the two sides is relatively close, and only small boats are needed to transport them. They can be combined to create an industrial chain base.”
“Wang Sheng’s idea really shocked and admired me,” Yang Wendong. He smiled and asked again: "But by doing this, Mr. Wang won't be afraid that I will make my own scale and then stop cooperating with you?" ’
Nowadays, Changxing Industrial is still a major customer of Formosa Plastics. Generally, suppliers will be worried when they see their customers personally investing in their own industries, even if they don’t say anything.
"Haha, Yang Sheng is right. It's false to say you're not worried, but worrying is useful?" Wang Yongqing said with a smile: "I deeply admire Yang Sheng's broad industrial layout, so you try it yourself. Making plastics does not surprise me;
But precisely because of this, I should take the initiative to cooperate with Yang Sheng, because in addition to Changxing Industrial and Hong Kong, there are bigger markets overseas, just like As I just said, how big is the market for one billion Nanyang people to buy a plastic basin? Many pipes will also gradually use plastic. How big will this be? "
"Yes, compared to these, It doesn't matter to me, Changxing Industrial." Yang Wendong nodded and said, "Okay, I think this deal is okay. $3 million is not a problem, but I also have two conditions."
"Yang Sheng, please tell me. ." Wang Yongqing asked happily.
Yang Wendong said: "First, you need to formulate a reasonable investment plan. Investments involving more than 5,000 US dollars must be included in the plan for my review; in addition, after the funds arrive, , will also be supervised.”
"Okay, this is what it should be." Wang Yongqing readily agreed. If he wanted others to invest or borrow money, there would definitely be restrictions.
Yang Wendong said again: "Secondly, 5% of the shares is too small. How about 10%?"
"10?" Wang Yongqing paused and said: "Yang Sheng , you already have 20%, and if you add another 10%, this ratio is too high."
Yang Wendong said: "Sheng Wang, I heard that you were the first to build Formosa Plastics. It was Fu Mao, another investor, who owned 45% of the shares?”
There are always many tragic figures in the history of human business who originally had great wealth, but sold it out because of short-sightedness, such as Li Zekai once He held 20% of Tencent stocks, but he sold them for five times the profit and made US$10 million. Initially, one of the founders of Ele.me did not continue to start a business because he wanted to take a graduate degree.
There is also someone beside Wang Yongqing. When Formosa Plastics was at its most dangerous, this person forced Wang Yongqing to buy his shares at a low price. Now he has completely missed the opportunity for wealth.
"That's still different." Wang Yongqing said with a smile: "At that time, it was not an investment, it was a co-founder."
Yang Wendong nodded and said: "I understand, but I also have My request, so be it. Since we can't decide today, just wait until I send someone over to negotiate.
Many things need to be done. We will discuss it after it is determined, such as Formosa Plastics’ current market value, how many shares we will trade, future cooperation plans, and interest of US$3 million, etc.” “Okay, we just have to have an intention first,” Wang Yongqing said with a smile. I said goodbye. I will make a detailed plan within a week and send it to Hong Kong.”
"OK." Yang Wendong said.
After Wang Yongqing left, Yang Wendong looked at Wei Zetao, who had been silent just now, and said, "Old Wei, what do you think about this matter?"
Wei Zetao replied: "If Wang Yongqing can succeed, , it is also very important for us to build a complete petrochemical industry chain in Wanwan. It’s helpful;
Even one day, we can do the same thing in Hong Kong, as long as it trains people.”
In many industries, the most lacking thing is people. No matter how rich a person is, it’s useless. It’s impossible for a Hong Kong company to poach all its bottom-level employees from Japan, Europe and the United States, right?
Yang Wendong said: "Yes, in this way, the cost of our core raw material plastic will be further reduced in the future."
Wei Zetao added: "It seems that we and Wang Yongqing have the same idea. We want to Get rid of him and take control of the industrial chain. He also wants to not be absolutely dependent on us."
Yang Wendong nodded and said: "Yes, we are all smart people, and we can use each other, he wants. Want my financial support, and I, whose Shi also takes a fancy to his industrial advantages;
But this is also a good thing. Cooperating with powerful people is more valuable. Not to mention how many years later, at least for the next few years, we will definitely benefit from each other. ”
In the history of mankind, some business cooperation has been temporary. For example, Alibaba let Yahoo take a stake, and Ma Yun took off quickly with the help of Yahoo’s huge resources and funds, establishing itself as one of the top ten Internet giants in the world. Good name;
But this process also made Yahoo become Alibaba’s largest shareholder. More than ten years later, Ma Yun spent a huge price to gradually take back the equity. This was a very powerful game. Even if Yahoo hadn’t declined, then Ma Yun It's also unlikely to succeed.
Now Wang Yongqing seems to have the same idea. He will use his own funds to grow first and talk about other things later. However, he is not Yahoo, so he cannot get rid of it so easily.
Competition and dependence on each other is also an art in the business society. In the future, this may happen to me and Wal-Mart or other top giants.
And this is normal. As a time-traveler, I rely on opportunities to invest first, but these capable people may not only want to borrow the strong strength of investors to develop, but also want not to lose it. Everything such as controlling rights or management rights is very contradictory. This era may be better. If it were the Internet era, this kind of thing would be too common.
Wei Zetao smiled and said: "Yang Sheng, the fact that you can invest in such a person is enough to prove your accuracy in judging people in the early stage."
"No matter what happens in the future, since it is helpful to us now and Wang Yongqing develops on his own, we will also get financial rewards, so naturally we have to help him." Yang Wendong continued: "I will leave this matter to you, send someone First review Formosa Plastics, then review the information he provided, and then discuss how to cooperate.
The interest aspect is actually not important, but for the shares, he may not agree to 10%, then I will ask for it. Just 7.5%. "
In the early days, you couldn't ask for too many shares, because if you asked for more, the other party could still change the vest; but now that Formosa Plastics has grown in size, it is impossible to allow it in all aspects. If he starts a business again, he can at most transfer a little profit through some other means, but it will not affect the overall situation.
So today, I won’t be polite anymore.
Of course, if Wang Yongqing is really powerful in the future and can let himself give up part of it through other profit methods, then the extra part acquired today will also be a bargaining chip.
Wei Zetao nodded and said, 'Okay, I will form a professional team to take charge of this matter. '
"Actually, I have another new idea." Yang Wendong said again: "In this way, when we return to Hong Kong tomorrow, we will discuss it together."
The next day , everyone ended their week-long trip to Wanwan;
Changxing Group has also begun initial preparations for investment in Wanwan. However, since Wanwan Real Estate has not liberalized its investment to foreign investment, it can only It can be regarded as an industrial production base and a market for a few industries.
On March 10, Yang Wendong called in headquarters personnel Yao Jingyi, Wei Zetao of Changxing Industrial and Zheng Zhijie of Changxing Real Estate.
And said: "I am going to set up a financial company of my own."
"Financial company? Is it specifically responsible for investment?" Yao Jingyi asked.
Yang Wendong nodded and said: "Yes, in the past, basically each subsidiary of our group was developing its own business. A few acquisitions were also the responsibility of each subsidiary or me;
But now the company is getting bigger and bigger, so I am planning to set up a subsidiary company specifically responsible for financial acquisitions.”
Although many people don’t like finance and think that finance is harmful to the country, for individuals, finance is. It is still more profitable, and if you have a golden finger, you would be a fool not to take advantage of it. Besides, the money earned from finance can also be used to feed real estate and industry.
Yao Jingyi said: "Now there are more and more listed companies in Hong Kong, and many people have begun to buy stocks. We can also participate."
Wei Zetao thought for a moment and asked: "Yang Sheng , then if there is a financial company, will our subsidiary acquire shares of a certain company under the financial company?"
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(End of this chapter)< br>