Chapter 784 King Yu
Unfortunately, compared to Tang Wanli and Tang Wanxin, Tang Wanping, who wanted to eat both sides, was a little inferior in trading ability.
Hunan Torch, which has no experience in producing water purification products at all, found that the first batch of products manufactured for Ou Chen had an unboxing pass rate of less than 60%.
This kind of quality control is simply unacceptable.
He deserves his bad luck.
Any normal person with a normal IQ and some work experience will understand that the most important thing to do at this time is to improve product quality and restore market reputation.
Unfortunately, the third child of the Tang family is abnormal.
He felt that his product was very good. The reason why Ou Chen failed was because there was a problem with the channel.
It’s totally off the mark.
The key is that he not only feels this way, but is also actively planning to solve this problem.
A dealer development plan of "Thousands of Alliances" was quickly put together.
I won’t mention the details of this plan.
In short, Xu Liang dried up the CPU and smoked it, and couldn't think of such a solution.
But do you think this is Mr. Tang’s limit?
NO.
Soon he told everyone with his actual actions.
The strongest has its own strong hand, and the weirdest are even weirder.
Faced with the dilemma of lack of product support and extremely high repair rate, Ou Chen, managed by Tang Wanping, did not want to solve the problem and actually stopped production directly?
Discontinued!
What kind of weird brain circuit is this? !
Burying my head in the sand so others can't see me?
It’s so stupid.
“Do you think Ou Chen is still worth rescuing?” Xu Liang asked.
“Since Liu Xiaoping took office, Ou Chen’s development cannot be said to be very good, but at least it is much better than before. The key is that with the improvement of the workers’ level at Xiang Torch Environmental Protection Technology, the yield rate has exceeded 93% .
Although it is still lower, it is at least much better than before.
As long as we strip off the debts on Ou Chen and Xiang Torch and help Ou Chen standardize the management system, it still has a certain future.
So, I think we should merge Ou Chen and Xiang Torch Environmental Protection Technology and change their name to ‘Yu Wang’ to build brand credibility from scratch.
This is better than losing 200 million Huaxia coins and directly abandoning Ou Chen and Xiang Torch Environmental Protection Technology Company. "
"Your considerations make sense, but Ou Chen has completely ruined the market. Even if he changes his name to "King Yu", it may not be able to restore market confidence.
And we also lack professional managers who understand the domestic household water purification market and are trustworthy enough to operate it. "Xu Liangdao.
"I think this person does not necessarily have to be familiar with the household water treatment product market, but can also gradually understand it later.
The key is to choose a professional manager who is capable and responsible." Jiang Xiaoyang said.
As she spoke, she handed over a stack of information.
"What do you think of this person?"
Xu Liang took it over.
A mug shot of a middle-aged woman with short ear-length hair, plain appearance, but firm eyes appeared in front of her.
"Zhao Ronghua?"
"Ph.D. in Mathematics and Applied Mathematics from Zhejiang University. He joined the M&A and Restructuring Department of Hanhua in 2003 and managed the acquisition of Golden Lion Beer by Huaxia Liquor and the acquisition of Kelong Supermarket. The Jinmen family has excellent performance.
She is not lacking in ability, ambition, and vision.
She is a suitable candidate to run the 'Yuwang Company'."
Xu Liang looked at the information in his hand and nodded.
"Since you are optimistic about her, let her be responsible for the reorganization of 'Yuwang Company'."
"Then should the Hanhua Industrial Asset Management Department be responsible for Yuwang Company? "
Looking at Jiang Xiaoyang's expectant eyes, Xu Liang smiled.
“Is this your real purpose?”
"You just say whether you agree or not?"
Zuo Zuo is just a company teetering on the edge of bankruptcy, and he didn't want to make Jiang Xiaoyang unhappy because of this.
"You can take it if you want, but I will give Yuwang Company up to 100 million Huaxia coins in support. If we spend all 100 million, we still won't be able to turn a profit in the end.
That's it. Just go bankrupt.”
“Okay.”
Jiang Xiaoyang quickly agreed.
“By the way, Delong also spent a lot of money on Fairchild Dornier Aircraft Company. If you are interested, you can take over this project.”
Jiang Xiaoyang turned over directly. A roll of eyes.
“Do you think I’m stupid?”
The global aircraft manufacturing market has long been locked by giants.
Without state support, no matter how much money you have, you won’t be able to do it.
Regional airliners are fine, but the key is that China’s regional airliner market is too small.
And Fairchild Dornier passenger planes are too expensive.
There is no market at all.
Investing money means wasting money.
Xu Liang smiled, Jiang Xiaoyang's rejection was expected by him.
“It’s a pity.”
“It’s a pity. Delong spent 500 million Huaxia coins on the Fairchild Dornier 728 project. If he gives up now, the money will be completely lost. It's a loss."
After echoing, Jiang Xiaoyang turned his head, "You are so powerful that you can't think of a solution?"
"There is a way."
"Oh?"
Looking at her questioning eyes, Xu Liang smiled.
“After Fairchild Dornier completely collapses, we will acquire its remaining assets, especially intellectual property rights.
At that time, the R&D department will be retained, its production department will be closed, and its production will be put on hold. Going domestic, reducing costs, optimizing the supply chain, and becoming an aircraft company that manufactures regional passenger aircraft and business jets
With its advantageous prices and localized services, it still has certain development prospects.
but.
Is it worth spending so much energy on such a company with an uncertain future? "
"You think it's not worth it? "Xu Liang nodded.
"At present, I have enough companies, and I don't have the energy to take care of another aircraft company.
Just one Delong Group is enough for us to digest for three to five years.
Moreover, I am more willing to put my funds and energy into enterprises including Hongmeng, Hanhua, and Fengshou Agriculture than to bite off more than I can chew. ”
“Do you have few companies under your umbrella now? Hongmeng, Hanhua, Taihua, Master Kong, etc., there are twenty or thirty companies in total, right? I don’t see you biting off more than you can chew.
So I think you are not interested, it’s not something you can’t control at all. "Jiang Xiaoyang said.
"Haha, my wife still understands me. ”
"Tell you one thing, Tsingtao Beer rejected our merger proposal."
Xu Liang frowned, "Rejection, why? Our merger proposal is obviously the most beneficial to them."
>"The reason they gave was internal opposition, but I guess the superiors don't want to lose control of Tsingtao Brewery."
Xu Liang raised his brows, and after thinking for a while, he came back to his senses.
“It seems that our acquisition touched someone else’s cheese.”
"I think so too. Therefore, we should not be anxious about the acquisition of Tsingtao Brewery. We should wait until we find out the inside story before proceeding."
Xu Liang nodded. Anyway, now they have obtained 27% of Tsingtao Brewery. of equity.
It’s okay to wait.
After the two chatted for a while, Jiang Xiaoyang left.
Xu Liang sat on the sofa and thought silently for a moment, then got up and returned to his desk, taking out the Delong Group's due diligence information and flipping through it.
Then he turned on the computer and logged into the backend of Hongyan Fund.
With the addition of Delong’s assets, he needs to reorganize his assets.
The first to bear the brunt is Hongyan Fund.
At present, the assets of the entire Hongyan Fund are extremely huge.
It owns equity interests in more than 20 companies.
But they are roughly divided into two types of assets.
‘Investment-grade’ assets held in the medium and long term; ‘strategic-grade’ assets held long-term or always.
There are 9 former ones.
17.5% of NetEase equity.
18.3% stake in Sohu.
11.3% stake in Wuliangye.
25% of Luhua and 20% of Yangcheng Procter & Gamble.
Coupled with the newly added Jinling Second Machine Tool, Tianshan Building Materials Group, Zhongyan Holdings and Southern Water [formerly one of Delong’s three new shares, Shancheng Industrial]
After holding it for three to five years , he will slowly let go.
15 strategic level companies.
14.9% stake in Apple;
15.2% stake in Amazon;
36.7% stake in Standard Chartered Bank;
14.7% stake in Maotai;
Google 10.3% equity;
79.9% stake in New Dream;
Global Tourism Group [including Delong Tourism Assets, Kowloon Tourism and Universal Studios]
Denong Agriculture Group;
Sanwei Fertilizer Company ;
Fengshou Agriculture Group;
Hengyuan Trust;
Guowu Sports;
Red Shield Security;
55% equity of Fortescue Metal Group (FMG);
Torch Group;
Strictly speaking, this should also include 63% of Tencent shares, 49.99% of Alibaba shares, and companies such as Taihua Group and Master Kong.
But these subsequent developments have been transferred by him to several family trusts. They are no longer considered Hongyan’s assets and are only managed by Hengyuan Trust.
Strategic-level investments are basically held for more than ten years, or even forever.
For example, Hengyuan Trust and Red Shield Security are the foundation of Hongyan and are basically not for sale.
Xu Liang looked at the list.
The ‘Denong Agriculture Group, Sanwei Fertilizer Company and Fengshou Agriculture Group’ were circled together.
According to his long-term plan, these three companies focusing on agriculture and agricultural materials will gradually merge into a huge agricultural and agricultural materials group.
What he wants is to use Denong to annex the three-dimensional fertilizer first.
As for whether Denong will annex Fengshou Agriculture or Fengshou Agriculture will annex Denong, it depends on who is better, Liu Qiangxi or Qiu Mingcheng.
Soon I drew a circle on NetEase and Sohu.
“It’s time to sell it by the end of the year.”
Thanks to the explosion of online games and Monternet’s business feedback, the period from 2004 to 2005 was their fastest growing period.
The market value has expanded from less than 40 million U.S. dollars during the Nasdaq crisis to about 2 billion U.S. dollars, especially NetEase, which currently exceeds 3 billion U.S. dollars.
Grown nearly a hundred times.
Xu Liang made a lot of money.
But between 2006 and 2012, NetEase's market value must have exceeded 10 billion US dollars. Although Sohu is far behind, it will also grow.
As for how much the two can rise, his memory is blurry.
But even a better NetEase will find it difficult to obtain a return of more than 5 times in five years.
If you stay here any longer, although it has value, it is no longer fat enough.
It just happened to be transferred to the private equity fund of Hanhua. After the private equity has squeezed out the final value, it can be sold.
The cashed-out money can be invested in other companies that are more profitable or have more strategic significance.
The remaining shares of Wuliangye, Luhua, and Procter & Gamble must be sold before the subprime mortgage crisis.
At this time, the stock price is the highest, and you make the most money after selling.
(End of this chapter)