In the eyes of many investors, Qunxing Capital is simply giving money to small books, a typical "foolish people make more money" operation.
Moreover, the story of "hydrogen energy" is very popular now. After the news came out that Qunxing Capital would spend 20 billion to buy ATL, many people felt that the successor was destined.
TDK Group spent US$100 million to acquire 100% of ATL's equity five years ago. Five years later, it will be sold for US$3 billion today. It can just dump this burden to Qunxing Capital and then transition to research in the field of hydrogen energy.
The current situation is that "hydrogen energy" is the future, lithium battery energy has been eliminated, and Japan, as the leader in this industry, has given up and switched to the embrace of "hydrogen energy".
Stars Capital actually treats it as a treasure? What if lithium batteries really have a future? Why would the Japanese who are the best in this field give up? Buying ATL at this time is not a successor, what is it?
Moreover, it also spent a sky-high price of 20 billion to buy a bunch of assets that have no future and are bound to depreciate. It is true that people are stupid and have too much money.
When the news came out, many so-called experts or insiders wrote short essays on the Internet to "persuade" Qunxing Capital to stop being a takeover before it was too late.
Not long after the news came out that Qunxing Capital was going to spend 20 billion to buy ATL Company, Mr. Zeng, one of the founders of ATL, was first shocked and then anxious when he learned about it.
This news made him feel like he had been stabbed in the back by Qunxing Capital. He never expected that Qunxing Capital would go straight to acquire ATL Company, and offered a crazy price of 20 billion yuan.
At this price, Mr. Zeng wanted to sell it, although he couldn't make the decision.
And Mr. Zeng thought that if tdk Group really packaged ATL and sold it to Qunxing Capital, what would he have to do with himself? Wouldn't it be completely ruined to separate the power battery department and establish Ningde Era?
From now on, Qunxing Capital has the final say, so what else does it have to do with me?
When Mr. Zeng saw the news, he was confused and angry at the same time. He called Hua Yu immediately, and as soon as the call was connected, there was a series of questions.
I really live in Bengbu.
"...Be patient, Mr. Zeng, the rumors about the acquisition of ATL are indeed not unfounded, but this does not hinder our cooperation." Hua Yu, sitting in the office, was drinking tea while discounting the phone.
"I don't understand what you mean." A confused voice came from Mr. Zeng on the other end of the phone.
"Haha..." Hua Yu smiled and said bluntly: "Let me tell you straight, even if we acquire ATL, we will still separate the power battery department of ATL to establish Ningde Times, and we will still We are proceeding according to the previously discussed plan. I would rather have the final say in this era and the stars do not seek control."
"Ah this...?" Mr. Zeng was shocked when he heard the voice on the phone. He thought he had heard it wrong. He was stunned for a moment but quickly reacted and said quickly: "Mr. Hua, you can't be Are you kidding me?"
After spending a sky-high price of 20 billion to buy ATL, you are actually willing to separate the power battery department into an independent company and hand over control?
Mr. Zeng didn’t know what to do for a while.
Because after Qunxing Capital bought ATL Company, the nature of the company has changed, from a 100% purely foreign-owned company to a 100% purely domestic-owned company.
Then it will not be restricted by relevant regulations. It can be said that Qunxing Capital can do whatever it wants, even if Mr. Zeng, one of the co-founders of the company, does not have the slightest chance to object.
Because he no longer has control over ATL and has become a minority shareholder, there is nothing he can do even if he is kicked out of the company by Qunxing Capital.
Qunxing Capital has done this kind of thing to kick founders out. The founder of Hengtong Pharmaceutical Group, the predecessor of Ruihe Pharmaceutical Group, was kicked out. Under the operation of Qunxing Capital, not only did it lose its net I left home and even used a sewing machine. I was miserable.
Therefore, when Hua Yu said that the original plan would remain unchanged, Zeng was really caught off guard. He felt that Star Capital was teasing him, and his acting skills were not polished and too perfunctory.
Hua Yu smiled and responded unhurriedly: "Qunxing Capital is an investment company. Running a company personally is not in line with our company's positioning. It is putting the cart before the horse, and Ningde Times cannot do it without people like you, Mr. Zeng." Founder.”
By giving up the control to the founder, Mr. Zeng can let go of his grudges and no longer have to worry about being kicked out by capital the day he starts the business. Only then can he focus all his attention on making the business bigger and stronger. .
Hua Yu added: "For Ningde Times, Stars Capital only has one right, which is the priority in financing."
This priority is to ensure that the equity held by Qunxing Capital in Ningde Times will not be diluted. If it needs financing if it is short of money, Qunxing Capital has priority. If you want to invest, you can take Qunxing's money first, unless Qunxing Capital gives up the exercise of the rights.
In this way, the interests of Stars Capital in Ningde Era can be well guaranteed. Even if it gives up control of Ningde Era, it does not mean that Stars Capital has no right to speak at all.
There is another way for Qunxing Capital to maintain its influence on Ningde Times, and that is to achieve influence on the company through Ningde Times’ upstream and downstream industrial chains, so that its founders must consider Qunxing when making decisions. Capital, otherwise the upstream and downstream industrial chains will be stuck, which would be very uncomfortable.
After a while, Hua Yu continued: "Similarly, as long as Stars Capital successfully acquires ATL this time, we plan to still hire you founders to continue to run the company."
Letting the company's founder continue to be in charge of the company is the most reasonable choice, at least it is better than hiring external professional managers. Fang Hong is very assured of Mr. Zeng's ability.
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At this moment, Mr. Zeng finally confirmed that what Hua Yu said was not to deceive him. Stars Capital was really planning to do this. He had thought that Stars Capital had stabbed him in the back, but the result was unexpected, and it also made him hold back what he had been holding back. I was so angry that I couldn't vent my anger, and I lost my temper instantly.
Thus, the telephone communication ended in a pleasant conversation.
Now Mr. Zeng is even more looking forward to Qunxing Capital's success in taking over ATL. In this way, Ningde Era can also get full support from ATL in its initial stage.
After ending the call with Hua Yu, Mr. Zeng immediately took action to provide some assistance for Star Capital's acquisition of ATL.
…
Two days later, Tuesday, May 11th.
At noon, Tian Jiayi came back from the company and brought back the latest news from ATL.
In the study room on the second floor of the villa, Tian Jiayi handed the materials he was holding to Fang Hong and said: "The reply is here. TDK Group has decided to agree to sell ATL Company to Qunxing Capital for a price of 20 billion, but it requires cash settlement. Currently, the company's business negotiation team has The initial signing with tdk Group was completed yesterday."
After several discussions at the core level within the tdk Group, the final decision was made to sell!
Anyway, Japan is now turning to "hydrogen energy". Even if the price quoted by Star Capital is reduced to 20 billion, it is still an extremely attractive price. Under normal circumstances, it is impossible for anyone to be willing to pay so much money.
The total assets of ATL are definitely not worth this price now. As for the future valuation potential, this is just an expectation. It just seems that I am going to play with "hydrogen energy" and I am obviously not optimistic about lithium batteries. So what is the future of ATL? It is definitely expected to be discounted.
Now Qunxing Capital is willing to spend 20 billion to buy this company, and it will be a cash purchase with super fast payback.
Instead of refusing and causing Qunxing Capital to spend more than 20 billion in this industry to get involved with ATL, tdk decided not to play with him after much thought. Selling to Qunxing Capital was the best choice and made a lot of money. With one withdrawal, you won’t lose anything.
At least at this point in time, it was earned with blood.
…
