My 1999

"Let's not talk about this anymore. Which asset of Seibu Group do you like?"

"MUJI, Yoshinoya, and 21.7% of Bandai's shares."

She could ask Xu Liang to buy Bandai's shares, after all, Xu has been planning pan-entertainment.

And pan-entertainment includes peripherals and animation. Bandai is the largest toy company in Japan, and it is involved in the animation industry. If it controls or acquires it, it can greatly make up for Xu's weakness in the development of peripheral industries.

"Why do you want to acquire MUJI and Yoshinoya? Do they have overlapping businesses with Xu?"

"MUJI can supplement the problem of insufficient retail channels of Taihua's clothing division. Yoshinoya, which has more than a thousand chain stores worldwide, is very suitable for promotion through the platform of Taihua Shopping Center.

Of course, the above are all minor details. What really interests me is their potential.

If we acquire them and hold them for a while before releasing them, we can make a lot of money." Xu Liang said with a smile.

Jiang Xiaoyang nodded slightly. She knew that Hongyan also does private equity business.

It's just that its influence is not as well-known as KKR and Blackstone.

"I thought you would be interested in the department stores, hotels and resorts under the Seibu Group."

"Large department stores are destined to be eliminated by the times, and I am not interested in being a buyer. The hotels, resorts and ski resorts developed by Seibu are good.

However, compared with Japan, there are still a lot of resources waiting for me to develop in China, so there is no need to take the risk to go to Japan.

Moreover, I invest in hotels more as a subsidiary of the Taihua City Complex, and I am not interested in a separate hotel group.

It is impossible for Seibu to sell those railways under Seibu to me, a Chinese.

Therefore, I don't want the core assets of the Seibu Group that outsiders value at all." Xu Liang said.

As for the real estate industry in Japan, it is even less worth investing.

"Are you sure?"

"It's not an enterprise related to the national economy and people's livelihood. As long as the funds are sufficient, there will be no problem with the acquisition. ... Has Zhongyan Holdings resumed trading?"

Jiang Xiaoyang nodded, "It officially resumed trading on the A-share market on the morning of the 15th. The market performance is good, and it has been up for three consecutive days."

Zhongyan Holdings is a cotton spinning company. Because of Delong's relationship, it has been in Xinjiang Province, a major cotton province, for many years and controls a large share of Xinjiang cotton.

In addition, with the support of Taihua Clothing, the industrial chain from planting to sales has been opened up.

In addition, Hongyan has been undergoing a year-long modernization transformation.

It has been reborn from the inside out.

"What is the market value?"

"1.57 billion Chinese yuan."

"Has the listing of Nanfu Battery been confirmed?"

"It has been confirmed. It will be officially listed on the Hong Kong Stock Exchange on March 1. The total share capital is 100 million shares, and 18 million shares will be issued at 34 Hong Kong dollars per share."

Xu Liang nodded. Although the lithium battery business has been divested, Nanfu Battery has developed rapidly in the alkaline battery field since it was acquired by him.

Not only has it maintained a 60% market share in China, but it has also continued to develop in recent years with the help of Xu's channels in Southeast Asia.

It is already a top alkaline battery brand in the world's top 5 level.

"Xiaoyang, don't look for an acquirer for Zhongyan Holdings for the time being."

"Why?"

"I plan to integrate the tomato industry in Xinjiang Province and improve Fengshou Agriculture's bargaining power in the global tomato industry chain."

Jiang Xiaoyang understood, "You want to acquire Xinzhongji?"

"Xinzhongji is also engaged in cotton spinning, but the scale is not large. If they can acquire Zhongyan Holdings, they can immediately become the number one cotton spinning company in Xinjiang Province.

Not only does it get rid of the internal friction with us in the tomato field.

The global cotton spinning market is also much larger than tomatoes, and it is beneficial to both sides." Xu Liang said.

Jiang Xiaoyang nodded.

If this is done, the possibility of success is indeed very high.

"There is one more thing I forgot to tell you. We have contacted Shancheng Machine Tool. They are very interested in Jinling Second Machine Tool Factory and are currently conducting an investigation.

With the financial status of the Second Machine Tool Factory, there is basically no problem.

So the two parties can make a deal in half a month at most.

The price is about 300 million Chinese yuan."

"Let's make a deal."

Xu Liang said.

The machine tool industry is not large, and he is not interested in getting involved.

"Which company do you plan to push to go public next?"

"Tianshan Group and NVC Lighting. Tianshan will resume trading in June, and NVC Lighting will be listed in Hong Kong in August."

Tianshan Group is one of the three new shares of Delong and is also the third largest cement and building materials company in China.

Derlong's annual cement production was 8 million tons.

In 2005, the upper level regulated the cement, aluminum, steel, and real estate industries, and banks demanded debts, making it difficult for many cement companies to continue.

Tianshan quickly acquired with the strong capital support of Boss Xu.

In just one year, it pushed its own cement production to 27 million tons, more than three times higher.

It has become a powerful company spanning Xinjiang, Jiangsu, Qilu and Guangdong.

Unfortunately, no matter the output or influence.

Tianshan still lags behind Huaxia Building Materials and Conch in the cement field.

The former has a production capacity of more than 50 million tons, and the latter is close to 70 million tons.

Tianshan seized the opportunity to expand rapidly, and others certainly did not fall behind.

Needless to say, NVC Lighting is the first in the lighting field.

After Hongyan took strong control, although Wu Changjiang had management rights, he took all the key departments such as the chief financial officer and HR in his hands.

And through the controlling stake, the modernization reform of NVC Lighting was completed.

The company's personnel adjustment was completed through a strict KPI assessment system.

The obstacles to the development of NVC Lighting were cleared.

In 2005, the total annual revenue exceeded 1 billion Chinese yuan, and the number of direct-operated and agent lighting stores nationwide also exceeded 1,000.

It firmly sits on the top of China's lighting industry.

After Jiang Xiaoyang nodded, "You seem to be more optimistic about Tianshan Group?"

"Why do you say that?"

"Hongyan has many subsidiaries, including Jinling Second Machine Tool Plant, Zhongyan Holdings, Nanfu Battery, NVC Lighting, Yuwang Company, Penguin, and Kunlun Technology.

Among these companies, you have invested the most in Tianshan.

From the acquisition to now, more than 2 billion Chinese yuan has been spent in one year, leveraging nearly 4 billion yuan in funds."

In order to raise funds to deal with Soros's dragon-slaying plan.

Hanhua either provides funds or guarantees, so it is inevitable to look at a lot of information about Hongyan's companies.

"It's not that I'm optimistic, it's just that the opportunity is more suitable."

"The opportunity is more suitable?"

Xu Liang nodded, "Since 2004, in order to curb the overheating of the economy, the authorities have restricted the production of high-energy-consuming and high-polluting enterprises such as steel, cement, and electrolytic aluminum, and banks have urged loans. Many cement companies that expanded with debt in the early stage have encountered financial crises.

This is a good time for mergers and acquisitions.

If Tianshan Group is not in the process of integration and has a weak foundation, last year's production capacity would have more than doubled."

He is not short of money, but opportunities.

If the policies above have not changed, there would not be so many qualified companies for him to acquire.

"I recommended Tieben to you at the beginning, but you refused.

If Tieben is available now, combined with Unocal resources, the upstream and downstream will be connected. Whether it is Unocal or Tieben, the competitiveness will far exceed that of similar companies." Jiang Xiaoyang said.

"That's right, but I don't have a long vision."

When he invested in Fortescue Metals Group, he was simply optimistic about Andrew Forrest, who had experienced three ups and downs.

He didn't know that Fortescue Metals Group would definitely find iron ore in the end.

Therefore, there is no interest in the downstream steel companies of iron ore enterprises.

"What about now?"

"The opportunity has passed." Xu Liang sighed.

If Tieben or other steel companies are acquired, whether it is acquisition negotiations or integration, it will take at least half a year.

By then, the real estate market will recover and the infrastructure market will resume prosperity.

Who will sell the steel companies that make a fortune every day?

And the subprime mortgage crisis will come in two years.

Although entering the market now is not considered a takeover, it is not much different.

"Do you mean that the steel market will recover?"

"Last month, Taihua participated in land auctions in Beijing, Shanghai, Shenzhen, Guangzhou and other places, and the prices of all plots have risen to varying degrees."

Jiang Xiaoyang understood what he meant.

The real estate market has the greatest demand for steel.

Once the real estate market recovers, the steel market will also recover.

Most European and American companies hold shares in a dispersed manner. As long as they give enough benefits to the management, they don't mind selling companies with good performance.

But the Chinese business community is different.

Most companies are in the hands of the first generation of founders.

They have deep feelings for the company they founded. Unless they encounter difficulties in operation or they don't want to do it anymore, they will basically not sell it.

"What a pity."

"Nothing to regret. There will be many opportunities in the future."

Looking at the time, Xu Liang stood up.

"No more chatting, go to sleep."

"Okay."