The next day, the Tongyong Automobile Board of Directors convened again, and all the directors proposed what they thought was the most suitable plan, but what was interesting was that the plans of several of them were so WwW..lā
Obviously, although Saul emphasized that everyone should act according to their own ideas, take care of the interests of each shareholder, and take care of the interests of the company, these people must have discussed it in private.
"Do you agree with this plan?" Sol looked around at the other directors. They have been discussing this plan for two hours!
Malfoy looked a little unhappy. In his opinion, this plan was like drinking poison to quench thirst. Although some cash can be obtained, it cannot fundamentally solve the company's difficulties.
The baggage that was thrown away was not enough to get the company out of trouble. But this plan was the result of discussions among these directors, and Malfoy was very disappointed.
After all the directors agreed, Sol continued: "Malfoy, on behalf of the company, you go to negotiate with Fengyu Holdings Group. This time, you must get more than 10 billion US dollars in cash for the company. This matter has been negotiated." After that, I nominate you to the board of directors.”
Malfoy looked at Sower in surprise. He looked at the other directors, and no one raised a voice to object.
If these assets were worth US$10 billion two years ago, they would not be sold at all. But now, including the losses, not many people will accept US$10 billion in cash.
The important thing is that sharing a car can get rid of many non-performing assets. This is the key point.
…
Ralph looked at the information that Malfoy had brought over. It contained all the shares of Modu Tongyong that they most wanted to buy, including Hummer, the best off-road vehicle brand in North America, and Sweden's Saab, which was acquired more than ten years ago. It cost more than three billion U.S. dollars when purchased.
There are also several factories, all of which are very old, and the equipment inside is also seriously aging. What dissatisfied Ralph the most was not these, but the need to accept all employees from these companies and execute employment contracts in accordance with the same standards.
"Malfoy, is this your sincerity? Do you value these assets at 15 billion US dollars? Do you think that our Fengyu Holdings Group has too much money to spend, so you plan to help us spend it?" The husband threw the information on the table.
If Ralph agrees to this price, then he will definitely no longer be a member of Fengyu Holding Group. "Mr. Ralph, don't worry, this quotation is for other companies. The quotation for Fengyu Holding Group is one hundred Three billion dollars, all in cash." Malfoy quickly explained.
"Thirteen billion U.S. dollars? You also need full cash? Of course our Fengyu Holdings Group can get this cash, but do you think these assets are worth so much money?" Ralph sneered.
"Why isn't it worth it? Saab, nearly twenty years ago, when we bought the same car, we spent more than three billion US dollars. Even if we only calculate inflation, how much is it worth now?"
"Hummer, the most famous off-road vehicle brand in the world, has been called the best off-road vehicle in the world more than once. It is also a vehicle purchased in large quantities by our US military."
"Although we only have 33% of the shares of Modu Tongyong, it is indeed the second-largest car company in the Chinese market, second only to Bingcheng Machinery Manufacturing Group, right? And all the production line equipment is brand new. , including research institutes and other scientific research institutions, we have invested more than three billion U.S. dollars in recent years, and these shares have been profitable in recent years."
"As for the factories in North America and Europe, they all have a large number of skilled workers and management talents. These alone are worth so much, not to mention the factory equipment and factory buildings."
"Thirteen billion U.S. dollars, you've made a lot of money. If we hadn't been in urgent need of cash, we wouldn't have considered it for less than fifteen billion U.S. dollars!"
When Malfoy said these words, it gave Ralph the feeling that you had taken advantage of him.
But Ralph knew very well how much these properties were worth. Especially those so-called skilled workers and management talents, which are expressly prohibited by the boss and are absolutely unnecessary.
"Malfoy, if it was two years ago, we could consider these assets of 13 billion US dollars, but now, we will definitely not agree."
"It is true that the Hummer was once the best off-road vehicle in the world. Remember, it was once. The displacement of the Hummer was too large, and the current oil price is not cheap. The Hummer once had massive orders from the military, but in the battlefield of Afghanistan It has been proved by the military that the Humvee can only be used as support now, and its bulletproof effect is too poor."
"Hummer has lost orders from the military, and the sales of civilian models have also gradually declined. And with the popularization of environmental protection concepts, we in the United States have to control large-displacement cars. Why are the sales of island countries' cars in North America gradually increasing? Because they’ve done a great job saving energy.”
"We have expressed interest in the Hummer brand, but we are just interested. Now Hummer is losing money, right?"
"And that Saab car was ridiculed by many people when it was acquired by Tongyong, but the facts proved that it was indeed a fool's errand. Saab Car has been losing money for consecutive years, and its sales in Europe have been declining year by year. Even in Sweden, it has also lost sales. It has become just a foundry that uses other brands. What value does such a company have? Even the brand Saab has seriously devalued!"
"As for the shares of Modu Tongyong, I also told you that as long as my boss wants to, he can make the sales of Modu Tongyong decline steadily. If Songjiang Automobile had not focused on the development of overseas markets in recent years, do you think Modu Tongyong would Can they develop so quickly if they all use the same method?"
"And those factories in Europe and the United States, do you really think we haven't investigated them? These factories are all factories with seriously aging equipment. Maybe some of them don't have any equipment that is more than two thousand years old. All of them are from two thousand years ago. Old equipment, is this what you call a high-quality factory?”
"And I want to make it clear that when we buy the same brand, shares, and other assets, we must not share any of the employees, including the cleaning people!"
Just kidding, the salary of employees who share the same car is three times that of car companies such as Crazy Field, and various insurances, subsidies, etc. are the highest among all car companies.
Tongyong has started to suffer losses in the past few years, which has a lot to do with these. Moreover, many insurances, especially medical insurance, also cover employees’ family members, which is a huge burden.
Feng Yu will never bear this burden!
Malfoy was stunned. He didn't expect that Fengyu Holdings Group knew so much about the cars they shared. Ralph found out the shortcomings of these assets without looking at any information. It seems that this negotiation will be difficult for both parties. Satisfied.
Some of the baggage they most want to get rid of seems to have been discovered by the other party. What should they do if they share the car
…
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