Shen Bi said: "Huduoli has sent people to the United States to visit Gao Yuansheng, the boss behind Yonggao. After he knew what we meant, he neither agreed nor refused. He just said that we should seriously consider it."
"If there is no rejection, it is already good news." Chen Zhiwen said with a smile.
Shen Bi nodded and said, "Yes, I have also checked the background of Gao Yuansheng. His ancestors were doing business in the United States. Their family is considered one of the most successful families among Chinese Americans. More than ten years ago, he bought a building in Central, Hong Kong. We cooperated with Hilton on a piece of land to build the Hong Kong Hilton Hotel. Unfortunately, it was a bit unlucky. Hong Kong was short of water in 1963, and the Hong Kong government restricted commercial water use. The Hilton Hotel suffered serious losses in the first year.
After a few years of normal operation, we were hit by a severe flu. It is said that we lost tens of millions in two years. The business has recovered since 1970, but now the global oil crisis has caused a sharp increase in ticket prices in the aviation industry and the tourism industry. It’s useless again, so a normal person might not refuse our acquisition unless he is really optimistic about Hong Kong’s future.
I estimate that he probably wants to wait for the price to sell, and Huiduoli will probably contact him again recently. "
"I'm not in a hurry about this acquisition. Let's talk about it first and see what the other party's base price is." Chen Zhiwen said, as long as he can receive it, it will be very troublesome to terminate the contract with Hilton Hotel after the acquisition. In the 1970s, It's impossible to succeed, so there's no rush at all.
Shen Bi said: "That's fine. Acquisitions worth hundreds of millions do require caution."
Afterwards, while enjoying the food on the table, the two casually chatted about the situation in Hong Kong and the world. Although Shen Bi has rich experience, compared with the Internet era that has experienced the Internet explosion in later generations, some aspects are still inferior. After a while, the two of them chatted more and more happily.
After dinner, Chen Zhiwen smiled all the way and sent Shen Bi to his car. After watching the car leave, he took a deep breath and said, "This old fox almost fainted because of him."
In the conversation just now, it seemed that the two were just chatting, but later on, Chen Zhiwen found that Shen Bi was basically trying to trick him into thinking about many things. He also wanted to ask him in turn, but he couldn't succeed. In terms of knowledge, Chen Zhiwen can be said to be better, but his conversational experience is far behind.
Fortunately, it was just a casual chat, not a business negotiation. Otherwise, this situation would definitely be suppressed. To be able to get into the future executive class at HSBC, such eloquence is really beyond the reach of ordinary people.
Early the next morning, Chen Zhiwen came to the headquarters of Galaxy Holdings, and Lei Shengli, the general manager of Global Electronics, was also notified to come here.
"Lei Sheng, please sit down." After assistant An Qi brought Lei Shengli to the reception room, Chen Zhiwen rushed over with a smile.
"Sheng Chen, you're welcome." Lei Shengli was originally sitting, but after seeing Chen Zhiwen, he stood up again.
"Sit down." Chen Zhiwen smiled and asked, "Has Hu Sheng gone to Singapore?"
"Yes, he has left." Lei Shengli nodded and said.
"Well, it's time for him to enjoy his old age." Chen Zhiwen said.
The boss of Global Electronics is Hu Xiaoqing. He started his business in Hong Kong in the 1940s and ran a radio sales business in Hong Kong. Later, he established a company in the 1950s, imported transistors from RB, and made the first radio in Hong Kong. It was also the first radio in Hong Kong. Electronic company.
Later, the company slowly expanded and had its own brand "blue bell", with a monthly production capacity of more than 500,000 radios.
It is a pity that the market value of this first electronics company in Hong Kong is less than 10 million Hong Kong dollars, which is not as profitable as a small real estate in previous years.
Chen Zhiwen continued: "Leisheng, I am probably aware of the current situation of Global Electronics. The radio market is no longer feasible in Europe and the United States. Although there is new potential in Southeast Asia, the growth rate is obviously not able to keep up, and now South Korea and Taiwan are also vigorously developing the electronics industry. In this field, it is difficult for us to compete with them."
In the 1960s, the export volume of Hong Kong's electronics industry was more than ten times that of South Korea or Taiwan. However, ten years later, the two far surpassed Hong Kong. Especially low-end products such as radios can be made with transistors. , it all depends on labor cost. The lower the labor cost, the lower the production cost, and the bigger the market will naturally be.
Although labor wages in Hong Kong are not very high now, they are still much higher than those in Taiwan and South Korea. In the long run, when housing prices in Hong Kong increase several times in the next ten years, labor wages will become even higher. Gao, at this time, if the manufacturing industry cannot complete the transfer to the mid-range or high-end, it will basically be wiped out.
Lei Shengli also nodded and said: "What Chen Sheng said, Hu Sheng also considered it when he was here. We also tried to develop in the direction of car radios, but after investing hundreds of thousands, we still failed."
"Car radio? Which car brand is it from?" Chen Zhiwen asked curiously. He had not seen this in Global Electronics' financial information before.
"Toyota, this happened three years ago." Lei Shengli replied.
"No wonder." The financial information from three years ago was not included in the statistics before the acquisition, but there will still be a financial audit after the acquisition.
Chen Zhiwen continued: "The car radio field is indeed a good market, but you are too naive to invest hundreds of thousands just to support Toyota."
"What Chen Sheng said is that it's just a financial problem, and we can't solve it." Lei Shengli said helplessly.
"Funding is not a problem. Since you have had experience in this area, even though it failed, you can try again." Chen Zhiwen smiled and said, "Have you ever thought about making other products? For example, televisions?"
The export of radios was very popular in the 1950s and 1960s, mainly to Europe and the United States. However, with the improvement of productivity and economy, people naturally prefer televisions that can provide visual enjoyment. Those who make radios will die if they do not transform.
Lei Shengli said: "We have also mentioned that we have also visited Europe and the United States. TVs are not like radios. European and American users attach great importance to the brand of TVs. Now this market has basically been occupied by European and American brands. We have calculated that it is very It’s hard to succeed, the risk is too great.”
Chen Zhiwen thought for a while and said: "Lei Sheng, I want to make electrical appliances, and TV sets must be made, including air conditioners, refrigerators or the simplest fans in white household appliances. What do you think?"
Lei Shengli paused and replied: "Chen Sheng, for a normal factory, I don't recommend making so many varieties. But if it's Chen Sheng, the method is actually very simple. Just buy factories that OEM for foreign brands. ”
PS: What a pitfall. My family members have all recovered, but I am still depressed, which makes me dare not stay up late to type. Next week, if there is no problem, I will resume updating twice a day.
