Chapter 1017 Men’s Romance
Xu Liang walked around the construction site with great interest.
How to say that sentence.
Ferrari is just a toy, excavator is faith.
Most men like to watch excavators dig holes.
This is a romance that women will never understand.
The same goes for Xu Liang.
But his time was too tight and he had no chance to see more.
"Mr. Xu, Mr. Peng from Torch has arrived at the hotel." Li Jinling reminded.
“I wanted to watch it for a while longer, but I didn’t have the chance.”
Turn around.
"Manager Guo, the project will be left to you. When will it be completed, take some photos and send them to me."
Guo Chao agreed with a face full of joy.
As a middle-level manager in Taihua, he is eager to have more opportunities to contact the big boss.
“Gone.”
Come to Pengcheng Kaiyuan Guest House. This hotel opened in 2003 is the first five-star hotel in Pengcheng.
The presidential suite located on the top floor overlooks the scenic Yunlong Lake.
It is surrounded by mountains and rivers, so beautiful.
"Mr. Xu."
Seeing him come in, Peng Zhiyu, who had been waiting here in advance, stood up quickly.
Looking at the man who had obviously changed a lot compared to last year, Xu Liang took the initiative to extend his right hand.
Whether a person manages a business carefully or not can be seen from the appearance.
"Lao Peng, I have worked hard for you for the past year and a half."
"You are welcome, these are what I should do. And thank you for giving me a platform to display my ambitions. "
Peng Zhiyu said quickly.
He told the truth.
When he was in the Delong Group, although he was the general manager of Alloy Co., Ltd., few people in the national business community knew him except for his reputation in the field of electromechanical tools.
But now after integrating the lithium battery business of Hunan Torch, Alloy Holdings, and Nanfu, as CEO of Torch Group, he has become a representative of young professional managers in the national business community.
Especially in the automotive field, it is a giant standing on the same level as FAW and SAIC.
The latter two are better because the vehicle sales far exceed that of the Torch.
Torch is undoubtedly the number one in the field of auto parts and heavy trucks above 15 tons.
The three major projects of spark plugs, braking systems and heavy-duty gearboxes are unique in the country and occupy more than half of the market.
Car mirrors and lights, automotive lithium batteries, piston pins, and heavy-duty axles occupy more than 20% of the national market.
The garden machinery sector, after integrating the American Maury, ranks first in the world in sales of horizontal lawn mowers and lawn trimmers.
Different models, the production and sales of two-stroke engines below 15 horsepower exceed 400,000 units, occupying 40% of the national market.
In the power tool sector, after integrating Delong Alloy Co., Ltd., Torch brand power tools have invested heavily in research and development.
Consolidating its position as the leader in domestic power tools.
Three products, impact drills, angle grinders and electric planers, account for 20% of the country's sales.
Unfortunately, there is still a certain gap between Torch's power tools and foreign countries, especially in terms of stability and durability.
Can only occupy the mid- to low-end market.
In the high-end market with higher profits, Torch’s market share is less than 3%.
But Xu Liang is not surprised.
Before his acquisition of Alloy Shares, there was no research and development at all. It was completely a white glove of a big foreign brand.
Pure OEM.
In one and a half years, even with his support, it is impossible to accumulate too many patents.
But as long as the path is right and time will do the rest, it will eventually develop.
From 2005 to now, although Torch Group has been integrating, except for Nanfu’s lithium battery business, it has not expanded significantly.
However, the group's total revenue in 2005 still exceeded 23 billion Chinese dollars.
With a substantial increase in R&D investment.
The net profit was higher than that of Delong, reaching 13.4%.
In the first four months of 2006, total revenue exceeded 8.4 billion Chinese dollars, and total annual revenue is expected to exceed 27 billion.
Net profit is expected to exceed 16%.
Because Xu Liang paid off all the Torch Group’s original debt of 4.7 billion Chinese dollars.
This is the second time that Xu has divested debt after acquiring Hunan Torch.
"There is no need to be polite between us. Let's sit down."
After the two sat down.
"How is the communication with Pengcheng going?" Xu Liang asked directly.
"It didn't go well. Rather than us, Pengcheng hoped that XCMG would cooperate with Carlyle, which is an international capital.
And it promised that after acquiring XCMG, it would not only invest US$200 million to help it expand production.
It will also help it contact world-class heavy machinery companies such as Hyundai and Caterpillar to introduce their advanced technologies and improve XCMG's technical capabilities.
He also promised to introduce more foreign customers to XCMG.
Compared with these, we will not have an advantage even if the acquisition price is higher. ”
Peng Zhiyu is quite troubled.
The acquisition of XCMG is the first major merger and acquisition after the completion of Torch integration, and it encountered setbacks from the beginning.
“Don’t worry, Kai Ray's acquisition was destined to be unlikely to succeed. ”
Looking at his questioning eyes, Xu Liang smiled.
“Has Xiang Bo of Sany been opposed?”
“Yes.” Carlyle’s acquisition of XCMG was originally the most sensational acquisition in China in 2006, but now it has been completely Hanhua acquired BOE instead.
Although BOE is directional financing, in the eyes of outsiders, it is no different from an acquisition.
Even so, the XCMG acquisition case still attracts a lot of attention.
There are also many people who oppose it. Among them, Sany General Manager Xiang Bo is the most fierce. He has published more than 40 articles on his Sina blog and Weibo platform.
The interests and potential risks behind this acquisition were elaborated on, which aroused widespread concern from all walks of life.
Of course, there is also a relationship between Xu Liang secretly fueling the flames.
“Mr. Xu, didn’t you say that the above review has passed the review of this acquisition?”
"Passed? Haha, it's just a deliberately released smoke bomb. XCMG was formerly an arsenal and controls the core resources in the country's heavy engineering machinery field. Do you think such an enterprise country will let a foreign capital take over?" Xu Liangdao.
Look at these domestic companies that have been completely acquired by foreign countries.
They are basically located in the fields of daily chemicals and consumer goods, energy, steel, machinery, automobiles, transportation and other fields that are related to the national economy and people's livelihood. Except for small and medium-sized enterprises, no real national-level key enterprises have been sold.
At most it is a joint venture, and foreign capital cannot yet obtain a controlling stake.
XCMG is no exception.
"But even if XCMG is not sold, I'm afraid the higher authorities won't block the joint venture. Once the joint venture is established, we will completely acquire the opportunity to acquire XCMG."
"You are right. This is why I came here this time. Reason.”
Peng Zhiyu’s eyes showed expectation.
"What can you do?"
"Yes."
Peng Zhiyu subconsciously wanted to ask, but his words were interrupted by a knock on the door.
Li Jinling opened the door and came in.
"Mr. Xu, Mr. Dies-Arnold, President of Carlyle Asia, called and hopes to visit you tomorrow morning. And he left a message saying that he also lives in the 'Kaiyuan Guest House'. If you have If there is time, he can wait for your call at any time."
"Carlyle's news is accurate. They already knew it when I arrived." Xu Liang said.
"Although you changed planes, there must be a record at the airport. With Carlyle's connections in Pengcheng, it is not difficult to know your whereabouts."
"Haha, that's right."
Turn around.
“Since he is here too, let him come over.”
Li Jinling agreed, turned and left.
“Lao Peng, let’s meet this Yankee together.”
"Mr. Xu, Carlyle has a very great influence internationally. If they insist on competing with us for XCMG, how will we respond?"
After Torch Group acquired Maori from the United States, it only focused on garden machinery. Earns more than $800 million in revenue annually in the United States.
If you include power tools, auto parts, etc.
Torch’s U.S. revenue is nearly $1.3 billion.
Accounting for more than half of Torch’s total annual revenue.
Given Carlyle's influence in the United States, if it really made things difficult, it would definitely lose most of its orders for Torch.
This is unacceptable to Peng Zhiyu.
Smiled and patted him on the shoulder.
“Don’t worry, Carlyle is indeed an American capital tycoon and has huge influence in the American political and business circles, but your boss and I have not been messing around in the capital market for so many years.
< br>Most of the people behind Carlyle are clients of Hanhua.
XCMG’s target, which is less than US$500 million, is nothing more than the money they received from Hanhua. ”
Peng Zhiyu breathed a sigh of relief.
Although he did not know the full picture of the Tenglong plan, as a member of the Xu family, he also vaguely understood it.
Even if It’s amazing enough to know this.
Squeak...
The door opens.
A tall, middle-aged white man wearing a brown Armani suit, a burgundy tie, and gold-rimmed glasses walked in under the leadership of Li Jinling.
The straight and aquiline nose is particularly eye-catching.
Seeing Xu Liang standing up, he quickly stepped forward and respectfully extended his right hand.
"Mr. Xu, I have admired your name for a long time. It's a pleasure to meet you."
"I didn't expect Mr. Arnold to speak Mandarin so well." Xu Liang said.
"I once worked as an exchange student majoring in Chinese language in Wudaokou for two years."
"That's it. ...Please sit down."
"Thank you."
After everyone took their seats, the guests and hosts were divided.
"Mr. Xu, you have always been my most admired idol. No one in the East or the West has ever been able to accumulate a net worth of hundreds of billions of dollars in just five or six years.
God testifies, the rankings in Forbes are completely bullshit, and that Judas from Seattle has no right to be ranked in front of you.”
Looking at the man who kept complaining and expressing his admiration for himself.
Xu Liang smiled and said: "It is an honor for me to be favored by Mr. Arnold. As for whether the ranking of Forbes is accurate, I don't care."
After saying that, he picked up the I took a leisurely sip of the tea on the table.
As he sits firmly on the Diaoyutai, it doesn't matter whether Arnold is acting or really thinks so.
Take note of his performance.
Arnold was somewhat disappointed.
The so-called Chinese entrepreneurs he met every day were particularly happy when he praised them casually, and they could easily take advantage of them.
Sometimes you can even make big profits.
This also gave him a better understanding of China's deep-rooted face culture.
But now this trick seems to have failed.
(End of this chapter)