Rise up Hong Kong! Build a super wealthy Zhuang family

Chapter 21 Universal Electronics Corporation

After receiving Zhang Fuhua's reminder, Zhuang Rongxu couldn't wait to rush to HSBC Bank to understand the situation.

If he can really use futures as collateral to get the property he wants from HSBC in advance, then he can develop it in advance.

At around 13:30 in the afternoon, Zhuang Rongxu had already arrived at HSBC Bank after having lunch.

"Zhuangsheng, Broker Zhang has reported the situation to me. As you are a client of our bank whose transactions are in progress, you are allowed to use collateral as collateral to trade products with HSBC Bank in advance."

"Agent Zhang only said that Mr. Zhuang, you want to buy a factory, but he doesn't know what kind of factory you need?"

The person Zhang Fuhua contacted was the head of his superior department. Zhuang Rongxu currently invested hundreds of millions of Hong Kong dollars in the New York Trading Center. Although much of this money was guaranteed by HSBC, he was a major customer after all.

In addition, the goods he currently owns in New York are also benefiting from rising prices, which is enough for HSBC to attach great importance to such a large customer.

Although HSBC is the leading bank in Hong Kong, they still take great care to maintain and manage some high-quality potential customers.

What's more, he is not the only large bank in Xiangjiang. Banks such as Huaqi, Overseas Chinese, Standard Chartered, Lehman, East Asia, and Bank of China also have certain business capabilities in Xiangjiang.

And there are a lot of small and medium-sized banks behind them who are trying their best to poach their customers.

Therefore, now big customers like Zhuang Rongxu, whether he is the head of the investment department or the manager of the investment department, must be well entertained.

After all, Hong Kong Bank has so many choices. It’s not because HSBC is the big brother of Hong Kong Bank that it can be arrogant. Before the 1950s, HSBC would have been the best, but now they don’t dare.

Because times are different, there are more choices.

"Mr. Reese, let me first ask if HSBC has a complete electronics company packaged for sale."

"For example, companies, factories, machines, all purchases, sales, and all personnel transactions."

"Sheng Zhuang, do you mean that you want to find an electronics company that is still in business?" asked Risien, the director of the financial investment department.

"Yes, Director Risien, I am quite lazy and don't want to waste time slowly building a new company. I don't care what the reason is for selling the original company, as long as it is complete, I can introduce it if necessary."

"Hahaha, that's really great."

"HSBC just received a commission from its old client Chairman Hu Xiaoqing three days ago to find a capable new boss for his Global Electronics Company."

"Global Electronics Company, Hu Xiaoqing?"

"Zhuang Sheng, you don't know him?" Ruisen asked in surprise when he saw Zhuang Rongxu's confused look.

Zhuang Rongxu simply shook his head.

Regardless of whether it was in his previous life or this life, he had no understanding of this industry at all.

Not to mention the person's name, he didn't even know whether there was a real electronics company in Xiangjiang.

He only knew that there were indeed a lot of electronic products sold in Xiangjiang in the 1970s and 1980s, but according to his understanding, all the electronic products produced in Xiangjiang were integrated.

Either foreign companies come here to build factories and produce, and they are not local brands at all.

If he hadn't been reborn in this life and remembered that in this era, the electronics and electrical appliance industries would soon occupy the global market. At their peak, he would not have paid attention to these things at all.

"Zhuangsheng, you don't know much about the electronics industry. If you want to develop this industry, I'm afraid...?" Ruisen didn't say the next words. Although he meant to remind him, it was a bad word after all.

"You don't have to worry about this. Although I don't understand it, I will hire professionals to manage it."

"Tell me about this Global Electronics Company first. Is it a listed company?" Zhuang Rongxu asked.

"Yes, Mr. Zhuang, this is information from Universal Electronics Company. You can introduce it while you look at it."

"Okay! Thank you, Director Reisen."

"In 1969, Hu Sheng combined his Integrated Electronics Company with Tokyo-based Miyani Electronics Co., Ltd. to establish Global Electronics Company in Hong Kong."

"In March of the same year, Universal Electronics acquired and merged several electronics companies in Hong Kong, and in May it was officially listed on the Far East Stock Exchange, becoming the first electronics company listed on the Hong Kong stock market."

"As the founder and the largest shareholder, Hu Sheng personally occupies 51% of the equity of Ren Global Electronics, while Tokyo Miyani Electronics Co., Ltd. occupies 10%, and the remaining 15% is equally divided between the owners of the five merged electronics companies. "

"At the same time, Hu Sheng also served as the first chairman of Global Electronics Company, and the general manager was Harano Juniro, who was sent by Miyahi Electronics Company."

"After ten years of development, Global Electronics has developed from an integration, OEM, assembly, agency and other businesses into a one-stop electronics company with R\u0026D, production, brand establishment and sales."

"As for why Hu Sheng wanted to sell Universal Electronics, there are two reasons."

"First: Hu Sheng is old and unable to manage the company anymore."

"Second: He doesn't want the company to fall into the hands of people from R-Korean Gongri Co., Ltd."

"This is the reason why Hu Sheng entrusted us to sell it." Reisen told Zhuang Rongxu one by one about the situation of Universal Electronics.

Zhuang Rongxu has been listening carefully. At present, he feels that this electronics company is indeed very good.

But I just don’t know what the real situation is and what is the price?

"Director Ruishen, what is the market value of Global Electronics? If I want Hu Sheng's equity, what will the price be?"

"In addition, what products does Universal Electronics produce and sell? Since this company can independently develop it, does it mean that it has an independent laboratory and R\u0026D personnel in the company?"

"Yes, Global Electronics has an independent research laboratory, but it is not big. As for the R\u0026D personnel, I don't know much about it and I didn't ask in detail."

"In addition, Global Electronics' independently developed products include radios and tape players."

"In addition, under the recommendation of Miyahi Co., Ltd., we have OEMed the assembly and production of magnetic heads and floppy disk drives for many computers in Tokyo."

"These are currently the main products of Universal Electronics. The sales have been very good. In addition, the business model is also good. Everything is good for the company."

"As for the market value of Global Electronics, it is currently worth about US$5 million on the stock market, which is equivalent to about 35 million in Hong Kong dollars."

"As for Hu Sheng's 51% stake, he put the price at US$3.5 million, which is HK$21.5 million."

Hearing this, Zhuang Rongxu was already very interested. In his opinion, the price was not high at all.

He owns a mature company with more than 20 million yuan, which makes him very convenient. The most important thing is that this company also has laboratories and R\u0026D personnel, which is also the company that best suits his needs.

"Director Ruisen, can I go over and take a look at this company?" Zhuang Rongxu asked.

"Of course, I'll make a date with Hu Sheng right away."

"Okay, thank you very much."

Zhuang Rongxu can't wait to understand all aspects of this company.

If the situation is as shown in the information, then Zhuang Rongxu will take over this company to run it.

As long as there are labs and technical staff, and he can provide some advice on Walkmans in the future, he believes that he can have a place in this industry.

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