Chapter 484 Taking over 3m Hong Kong Industry
The time soon came to August, and the ups and downs in the real estate and economic markets were still continuing. There were also many immigrants leaving, and even the Changxing Group began to be affected, because there were also Many middle and high-level managers resigned and immigrated.
However, Yang Wendong has also been prepared. On the one hand, his production capacity has been gradually transferred to Singapore. On the other hand, Hong Kong has had a leadership replacement system a long time ago. Anyone who leaves will soon be replaced. I can take over, but I did go a little too far, so it won't have any impact at all.
On the contrary, its own suppliers will be more affected. This is beyond the control of Changxing Group. If you stay in any place, when big events happen in this place, they will inevitably be affected. Fortunately, Yang Wendong I also know that the time is only half a year, so I have to endure it.
On the 12th, Yang Wendong was reading the latest newspaper, which was not his own. Changxing Media did not join in the fun during this period, but remained neutral. Other newspapers were relatively lively.
After a while, Wei Zetao and Zheng Zhijie came, and Yang Wendong greeted: "Sit down."
"Thank you." After Wei Zetao sat down, he said: "Yang Sheng, Zheng Sheng and I came here because we have two things in mind. Ask for your opinion."
"What's the matter?" Yang Wendong asked.
Wei Zetao said: "Yang Sheng also knows the recent situation in Hong Kong. Many Hong Kong people have immigrated, and many foreign investors have also withdrawn, including 3M. They also want to leave, so they want to ask us if we want them here. The tape factory in Tuen Mun. "
"3M is leaving too?" Yang Wendong thought for a moment and asked, "Is the tape factory now very big?"
The entire Cheung Hing Group started its business by cooperating with 3M. In the early days, in order to have its own glue, it asked 3M to purchase patents and technologies, and then put them into production in Tuen Mun. After it became large-scale, Hong Kong itself is a suitable place for foreign investment. Where investments were made, 3M also came to invest in tape.
This is an industry that did not exist in Hong Kong in history, but due to the influence of Yang Wendong, the scale has also become very large.
Wei Zetao said: "Yes, last year the production volume of tape exceeded 30 million rolls, the output value exceeded 70 million Hong Kong dollars, and the number of employees was almost 1,500."
"Then how much did they quote? Yang Wendong asked.
Wei Zetao replied: "They didn't say anything about this. They only said that if we are interested, they can give us last year's financial report and then calculate the price."
Yang Wendong said: "But the problem is that the channel for this factory was 3M before. Who will we sell it to after we take over? We don't have the channel for tape?"
Wei Zetao said: "3M also promised to sell it within three years. , continue to maintain last year’s purchase volume, and the price will be the same, as long as there is no problem with our quality Just wait three years and we can supply it as its supplier.
With our cooperation with 3M in other fields, long-term supply should be possible. ”
“Then can we develop the glue market ourselves?” Yang Wendong asked again.
Wei Zetao said: "Yes, after we buy it, it will be our factory. Naturally, we can sell it independently, even make brands, or OEM for other brands. Everything is free. I I have also confirmed it with people from 3M.”
Yang Wendong thought for a moment and then said: "Do you think we should take over? The tape industry may have a big market, but the profit is probably very low. The competition is too fierce, and we have to build channels specifically for it."
Wei Zetao analyzed: "Yang Sheng, I think we should take over. The first reason is to consider our own glue factory. Now the 3M factory has accounted for half of the orders of our glue factory. If it closes, our losses in the glue factory will be huge;
The second is that this industry may not make a lot of profits, but at least it can Maintaining the economy of Tuen Mun will also help us to a certain extent. Otherwise, nearly 2,000 people will be unemployed. Many of our real estate investments in Tuen Mun will suffer losses in the future.
The third is that tape has many uses in modern industry, and is even found in home appliances and cars. In the future, Honor Electronics will develop home appliances and have its own. The tape industry will also be helpful, but it requires a lot of investment in research and development, but it is also good for our glue industry. "
"What you said makes sense." Yang Wendong nodded and said, "Okay, let's contact them first, but don't show that you want to lower the price. What if the price is low enough? There will be no loss. Since they are not optimistic about Hong Kong and want to leave, it is impossible to leave with another big sum of money.”
"Okay, then I will be ready to negotiate with them." Wei Zetao agreed.
Yang Wendong said: "Try it for yourselves first. If you can achieve results, then the group will support you."
Like many industries, the group will conduct many types of businesses. These are not It was formulated by the boss Yang Wendong, so the help provided in the early stage is not very great, but if there is strong growth potential, then you can get special support.
Seeing that the two of them had finished talking about the matter, Zheng Zhijie said: "Yang Sheng, this is the acquisition situation of the real estate business in the recent period. Please take a look at it."
After that, he said After handing in the folded information, Yang Wendong took it over, took a look at it, and said, "Okay, just continue with the acquisition. Are there any entire buildings in Central for sale recently?"
During this period, there were many properties for sale in Central. Changxing Real Estate basically took all the properties according to the order. There were some with large areas and several floors, but not the whole building. Zheng Zhijie shook his head and said: "Not yet. The only ones that hold the entire building in Central are a few large British-owned foreign banks. They are actually selling off some properties, but they are too tied to Hong Kong and will not be able to do so in a short time. It’s very possible to leave.”
“Let’s wait and see.” Yang Wendong nodded.
Zheng Zhijie said: "However, there are entire buildings for sale in Admiralty and Causeway Bay. I have also been communicating with the owners here. There are also many street shops, and the same is true."
< br>Yang Wendong smiled and said: "Okay, we also want these, especially the shops. These are non-renewable assets."
Office buildings can be rebuilt, and when housing prices soar, they can be built very high. A building can have an area of hundreds of thousands of meters, but street shops are linked to the land, which is the core asset.
"Okay." Zheng Zhijie agreed.
In the next month, Changxing Industrial had relatively smooth negotiations with 3M, and finally invested 11 million Hong Kong dollars to buy 50% of the shares of the joint venture. At this point, the 3M (Hong Kong) Tape Factory was renamed Changxing Tape Factory;
All American managers evacuated, and former Chinese-owned senior executives took over the company.
On September 1, Yang Wendong came to the Tuen Mun Glue Factory for inspection. After walking around, he asked: "What is there on the tape that is not produced by us?"
Wei Zetao said: "At present, our tapes are mainly divided into two types. The most commonly produced is the commonly used transparent tape, and the other is paper tape;
The glue for both tapes is produced by us, and the paper tape The paper of the tape is also produced in Wanwan, and the transparent film of the transparent tape is produced by the Tianjiabing Chemical Factory next door. "Isn't this Tianjiabing Chemical Factory planning to run away?" Yang Wendong asked with a smile.
Wei Zetao shook his head and said: "No, I have talked with Tian Sheng before. He is planning to open a factory in Hong Kong. Yang Sheng, do you want to make this film yourself?"
"No need for the time being, you are working with Tian Jiabing The factory can just control the purchase price." Yang Wendong shook his head and said: "With this current production capacity, there is no need to do everything by ourselves. If we can grow bigger in the future, we will consider this matter. Tian Jiabing's reputation in Hong Kong is not bad, so we can cooperate normally first. ”
Although he also wants to work hard to self-sustain the industrial chain, even BYD in his previous life could not do this, and a company cannot eat all the meat and soup. This is the case for Hua Han in the real estate industry, and he is very unpopular with his Hong Kong peers. When the time comes, you also need to leave some soup for others, so that you can win over many people.
"Okay, I will talk to Tian Sheng." Wei Zetao replied.
Yang Wendong said again: "By the way, do you know about circuit boards in the electronics industry?"
"Circuit boards?" Wei Zetao was stunned for a moment and said: "I'm not sure, I've never heard of it. "
Yang Wendong said: " This is a future industry that I am quite optimistic about. Circuit boards and many circuits will need adhesive tape in the future. You can talk to Wang Zhiqun and discuss with him. Your adhesive tape factory can develop in this direction. "< br>
Tape is a traditional industry that has been around for nearly a century. Yang Wendong is not willing to invest too many resources in this industry because he wants to compete directly with those established companies. The price/performance ratio is too low and he may even lose money.
But the electronics industry is brand new and it also needs tape, so it’s okay to provide some guidance. It would also be a good thing if your own industry develops in this direction. But it’s hard to say how high the success rate will be, after all. There are too many established companies and a lot of technical reserves.
Everything depends on opportunity and ability.
"Okay, I will go find Wang Sheng to find out." Wei Zetao added: "Watson's is also producing some products for medical companies and has some channels, and the medical industry also needs adhesive tape. , I also want to develop in this direction.”
“Okay, I won’t limit this. You can decide for yourself. Let me know when you have achieved results.” Yang Wendong didn’t care too much.
This tape factory can only be said to be a medium-sized enterprise within the Changxing Group. It may report a financial report at the end of the year, but as long as it does not develop, then we will just have to wait and see.
The time soon arrived at the beginning of October.
On the 6th, Zheng Zhijie and Fang Xianming came to Yang Wendong’s office together.
Fang Xianming said: "Yang Sheng, this is the stock data of several companies I have recently acquired, including Huangpu Group 8.2%, Kinmen Group 13.1%, Jardine Group 2.2%, and Land Group 2.5% , Wharf 4.3%, and some other small companies.”
“The Golden Gate Group’s stock has been relatively volatile recently. I guess they have some internal doubts,” Yang Wendong replied after reading it.
(End of this chapter)