Rebirth of the Wild Age

Beijing, Siheyuan.

Wang Dongsheng followed Shen Si, and from the moment he stepped into the threshold, he was looking at the yard curiously.

There are many mysteries in the capital business community. Song Weiyang’s courtyard house is one of them. Legend has it that he will live here for half a month every year, cutting off all contacts with the outside world to ponder business development plans. This story comes from the "Chinese Business" magazine, and it is estimated to be a copycat from Bill Gates, because there are also magazines in the United States that declare how many days Bill Gates will retreat in a certain villa each year.

It's a pity that apart from the comfortable environment of this courtyard house, Wang Dongsheng really didn't see any strangeness.

"President Wang, please sit down!" said with a pensive smile.

Wang Dongsheng thought he was going to enter the house, but he did not expect that meditation would only take him under the grape trellis.

There are some tea sets on the stone table, and there is a small charcoal stove next to it. Song Weiyang came out holding the clay pot and smiled and said to Wang Dongsheng: "I have forgotten where to put this pot of tea. I just looked for it for a long time."

Wang Dongsheng stood up and shook hands and said, "Mr. Song is too polite."

"Sit!" Song Weiyang bent over to lift the kettle, and started making tea on his own.

Wang Dongsheng watched the whole process quietly, not anxious at all, anyway, Song Weiyang has become a shareholder. Wang Dongsheng does not reject new shareholders, and even his best skill is to turn creditors into his own shareholders.

In 1992, Wang Dongsheng was transferred to Factory 774 as the factory director. At that time, Factory 774 had become the state-owned enterprise with the worst losses in Beijing.

A year later, Wang Dongsheng began to reform the shareholding system of Factory 774. Workers were fooled by him to take out their life savings and raise a total of 6.5 million yuan. All the wages in arrears were converted into shares. This was the birth of Beijing Oriental Electronics Co., which turned losses into profits in the year of restructuring.

In 2001, due to the cold winter of the global panel market, BOE suffered a huge loss, and even the wages of its workers could not be paid. However, BOE, which is in debt, plans to spend hundreds of millions of U.S. dollars to acquire the panel business of Hyundai Electronics.

BOE moved up and down, and could only spend 1.5 billion U.S. dollars, and Samsung also tried to disrupt the deal.

However, Wang Dongsheng was stunned by Hyundai Electronics' eagerness to shed its burden. Not only did it crazily lower prices, but also let Hyundai Electronics open up the relationship with the Bank of Korea, and the Bank of Korea provided a loan of 2.1 billion US dollars for the acquisition. In this case, the funds were still not enough, and Wang Dongsheng took advantage of the trend to coerce the Beijing government, and the Beijing government loaned 30 million U.S. dollars.

Hyundai Electronics is purely unlucky. Not only is it sold at low prices for its panel business, but it also has to help buyers borrow money from the bank. As a result, as soon as the contract was signed, the panel price rebounded, and it became profitable in the second month. The panel business sold by Hyundai Electronics made a profit of 60 million US dollars within a year and a half.

However, BOE, which is cheap for nothing, is still at a loss and owes a bad debt to the mainland, Hong Kong, Taiwan, and South Korea.

Now that the global panel market is ushering in another cold winter, BOE is being frantically collected by all parties.

what can we do about it?

There are creditors!

Borrowed 30 million U.S. dollars to the Beijing government of BOE, biting the bullet to give BOE a guarantee. Many banks lent another 7.4 billion U.S. dollars to BOE, and the Beijing government once again provided 2.8 billion yuan in loans to BOE. BOE is a bad debt. The capital government borrowed money in two rounds, most of which were turned into stocks during the share reform. Later, the capital was cashed out and the capital government made a lot of money.

What is the creditor? Creditors are potential shareholders.

When a magazine reported on BOE this year, the headline was "I have been busy with money all my life".

From the moment Wang Dongsheng took over the 774 factory, he has been borrowing money from various places, and when he couldn't repay the debt, he turned the creditor into a shareholder.

Perhaps it was because of the lack of funds that I was heartbroken. In another time and space, even if BOE became rich later, it still took the cash in its hands, preferring to borrow money, partner with others, and issue new shares, but also to resolutely guarantee itself. Of huge cash reserves. So there was a nonsense rule that BOE built factories everywhere, and local governments had to invest more than 60%. Because of the precedent that the Beijing government cashed out stocks and made a lot of money, local governments even rushed to this way of cooperation.

The most funny thing is that a city in the Prairie Province took the initiative to invite BOE to build a factory, but it was unable to provide 12 billion yuan in project start-up funds. The mayor was also very bachelor, and directly said: "We have no money, but we have coal!" The local government even wanted to use a coal mine in exchange for a BOE LED production line.

Song Weiyang pushed the tea cup in front of Wang Dongsheng: "Please enjoy the tea."

"Good tea!"

Wang Dongsheng took a sip, and then asked: "Since Mr. Song wants to enter the panel market, why not join the'Julong Project" and choose to acquire the traitor company BOE?"

"Haha, be a traitor with you." Song Weiyang laughed.

BOE collects money in two domestic cities a and b, all of which are money from mainland stockholders and Hong Kong investment institutions. They continue to look for bank loans, borrow money from the government, and use the money to buy overseas companies, and these acquired companies have shown a loss across the board this year.

As a result, some media and stock investors called BOE as a traitor enterprise, saying that Wang Dongsheng was the boss of a traitor, and gave away the hard-earned money of the Chinese people to foreign capitalists.

As for the "Julong Plan", it was initiated by four color TV companies, tl, Skyworth, Konka, and Changhong. Because they were stuck in the neck by a foreign company, they abandoned their previous suspicion of forming an alliance, wanted to build a production line with overseas panel companies, and planned to form a joint venture "Julong Company". They all considered themselves to be a dragon, and the joint venture was Julong. chant.

In fact, China has long been planning to enter the panel field, and local governments have each supported several companies within their jurisdiction. However, due to the troubles of overseas giants, these companies have struggled to develop. Only BOE took advantage of Hyundai Electronics' eagerness to let go of the burden and broke Samsung's obstruction in one fell swoop. It not only won Hyundai Electronics' panel business, but also obtained many panel patents.

The "Julong Project" was also suppressed by international giants. Foreign businessmen either refused to transfer technology or the transfer fee was too high. Julong Alliance talked with countless foreign businessmen for a whole year, and finally turned its eyes back to China, seeking technical support from BOE. In May next year, BOE will acquire 40 shares of Julong Company.

Song Weiyang said: "I said on the phone, I am only optimistic about BOE's panel patents, and this is the only one in the country. The Julong plan seems to be huge, but even if the cooperation with foreign capital is successful, it is just following the footsteps of domestic panel companies. If someone is stuck with a patent, he cannot survive or die."

Wang Dongsheng said: “BOE’s debt has already exceeded BOE’s assets, which is the so-called insolvency. Isn’t Mr. Song afraid of investing in water?”

"I'm not short of money, so it's just a fool's wit." Song Weiyang said.

Wang Dongsheng suddenly smiled and said: "Mr. Song, your shareholding is just over 20, so why don't you invest a few hundred million more and bring your equity to 25."

Song Weiyang asked: "BOE is short of money?"

Wang Dongsheng said bastardly: "BOE is not short of money. Now the company owes tens of billions of huge debts. Anyway, there are more lice. I plan to invest several billion more to build a sixth-generation production line."

Song Weiyang asked: "BOE's five-generation line has invested nearly 10 billion yuan, and several billion yuan can build a sixth-generation line?"

Wang Dongsheng said: "A few billions are enough. Someone will help pay for it."

"Have you found a partner?" Song Weiyang asked.

"As long as you are willing to find it, the partner will come out sooner or later." Wang Dongsheng said.

Song Weiyang sighed sincerely: "You are awesome!"

Wang Dongsheng said: "Now in the cold winter of the global panel market, panel prices have fallen by more than half, and many foreign panel manufacturers are reducing production and discontinuing production. We will certainly be able to buy equipment at low prices when we build production lines at this time, and we will seize the opportunity to seize market share!"

Song Weiyang smiled and said, "The premise is that BOE can survive the cold winter."

Wang Dongsheng said: "Even if BOE can't hold it, the creditor has to let BOE hold it! The big deal will be a few more shareholders at that time."

The bosses who grew up in the barbaric era, whether they are private enterprises or state-owned enterprises, are really crazy!

Wang Dongsheng also said: "BOE has been included in the fifth batch of share reform companies, and it will be announced next month at the latest. As long as the share reform is completed, BOE will no longer be a state-owned enterprise, and Mr. Song can invest with confidence."

Song Weiyang smiled and said, "Okay, I will vote another 1 billion."

"Mr. Song is really bold!" Wang Dongsheng praised.

Wang Dongsheng is not at all afraid that Song Weiyang will hold more shares to occupy the magpie's nest, because BOE, from top to bottom, regards him as the old factory director as the head. Unless Song Weiyang was uneasy at the beginning and wanted to dismantle the BOE after the acquisition, Song Weiyang would not be able to control the company anyway.

The result of Song Weiyang's forcibly controlling BOE was that BOE fell into chaos as a whole, and then went bankrupt step by step!

What's more, although Wang Dongsheng doesn't hold many shares personally, his management team and veteran workers collectively hold close to 30 shares. During the share reform period, if they do a second hand transfer of shares, their team’s shareholding will be close to 40. The B shares acquired by Song Weiyang are not within the scope of the transfer shares, and Song Weiyang's shareholding will fall instead.

In fact, Wang Dongsheng fooled Song Weiyang into investing hundreds of millions more, saying that he wanted to build a sixth-generation panel production line. It was pure bluff and foolishness. It was nothing more than taking Song Weiyang as a fool and making some money.

In another time-space BOE, it became even worse after the share reform. A "t" was added to the name of the stock, and it faced the risk of being forced to delist. When BOE was most desperate, it even sold its Korean factories and sold some of its panel patents so that it did not fall in the cold winter of the market.

Although he knew that he was a triumphant son, Song Weiyang didn't break it down, and he promised to spend 1 billion yuan.

After discussing the additional investment, Wang Dongsheng was very happy and started chatting with Song Weiyang there. He sighed in a proud tone: "The thing I have done the most in my life is to be forced into debt! I remember that about 10 years ago, BOE could not even pay wages, and the creditor blocked me from working in the company. No. I had no choice but to send people everywhere to collect the payment. Among them, Xiao Chen (the future BOE chairman) and Xiao Wu went to Panasonic to ask for money. The chief financial officer of the Panasonic China branch deliberately made things difficult for him. If you drink, you won’t pay. Xiao Chen and Xiao Wu each drank more than 20 cups in one breath in order to get the money back to pay their wages. Xiao Chen drunk and rode home, bumped into a van, and was beaten to a faint. Xiao Xiao Wu lost his wedding photos on the road. He couldn't get a certificate from the Civil Affairs Bureau, so he could only make up his wedding photos with alcohol. This is how BOE came all the way~www.wuxiamtl.com~ not easy!"

"Hehe, it's not easy." Song Weiyang smiled.

Wang Dongsheng also said: "But all the difficulties have passed, what is the little difficulty facing now? Since 1999, my ambition is to make BOE into the Chinese's own three-star!"

"Drink tea," Song Weiyang filled the kettle with tea, "I don't care when the sixth-generation production line will be built. But if it becomes too difficult one day, don't sell patents. I can continue to invest. ."

"Hey," Wang Dongsheng smiled awkwardly, knowing that Xiao Jiujiu in his heart had been seen through, and toasted, "Mr. Song, replace wine with tea, thanks!"

Song Weiyang asked, "Are you interested in joining the Taurus? Your fellow Guo Guangchang is a member."

"Guo Guangchang, that kid is from the same city as me," Wang Dongsheng said, "Although I never join this kind of corporate club, since Mr. Song is kindly invited, I definitely can't refuse your kindness."

"Then I will welcome President Wang on behalf of other members," Song Weiyang raised his teacup, "It's dry!"