My 1999

It's a pity that compared to Tang Wanli and Tang Wanxin, Tang Wanping, who wants to eat both sides, is inferior in trading ability.

Xianghuo Torch, which has no experience in producing water purification products at all, found that the first batch of products manufactured for Ou Chen had an unboxing pass rate of less than 60%.

This kind of quality control is simply unacceptable.

He deserves his bad luck.

Any normal person with a normal IQ and some work experience will understand that the most important thing to do at this time is to improve product quality and restore market reputation.

It's a pity that the third son of the Tang family is abnormal.

He felt that his product was very good. The reason why Ou Chen failed was because there was a problem with the channel.

It's totally off the mark.

The key is that he not only feels this way, but is also actively planning to solve this problem.

A dealer development plan of "Thousands of Alliances" was quickly put together.

The details of this plan will not be mentioned.

In short, Xu Liang couldn't think of such a solution even though the CPU was dry and smoking.

But do you think this is Master Tang San’s limit?

NO.

Soon he told everyone with his actual actions.

The strongest has its own strong hand, and the weirdest are even weirder.

Faced with the dilemma of lack of product support and extremely high repair rate, Ou Chen, managed by Tang Wanping, stopped production without thinking about solving the problem?

off-production!

What kind of weird brain circuit is this? !

Burying my head in the sand so others can't see me?

It's just insanely stupid.

"Do you think Ou Chen is still worth rescuing?" Xu Liang asked.

"Since Liu Xiaoping took office, Ou Chen's development cannot be said to be very good, but at least it is much better than before. The key is that with the improvement of the workers' level at Xiang Torch Environmental Protection Technology, the yield rate has exceeded 93%.

Although it's still a little lower, it's at least much better than before.

As long as we strip off the debts on Ou Chen and Xiang Torch and help Ou Chen standardize the management system, it still has a certain future.

Therefore, I think we should merge Ou Chen and Xiang Torch Environmental Protection Technology and change their name to ‘Yu Wang’ to build brand credibility from scratch.

This is better than losing 200 million Huaxia coins and directly abandoning Ou Chen and Xiang Torch Environmental Protection Technology Company. "

"Your considerations make sense, but Ou Chen has completely ruined the market. Even if he changes his name to 'King Yu', it may not be able to restore market confidence.

Moreover, we also lack professional managers who understand the domestic household water purification market and are trustworthy enough to operate it. " Xu Liang said.

“I think this person does not necessarily have to be familiar with the household water treatment product market, but can also gradually learn about it later.

The key is to choose professional managers who are capable and responsible. "Jiang Xiaoyang said.

As she spoke, she handed over a stack of information.

"What do you think of this man?"

Xu Liang took it.

A mug shot of a middle-aged woman with short ear-length hair, plain appearance, but firm eyes appeared in front of her.

"Zhao Ronghua?"

"Ph.D. in Mathematics and Applied Mathematics from Zhejiang University. In 2003, he joined the M\u0026A and Restructuring Department of Hanhua. He has managed the acquisition of Golden Lion Beer by Huaxia Liquor Industry and the acquisition of Jinmen World by Kelong Supermarket, with excellent performance.

She has no shortage of ability, ambition, and vision.

He is a suitable candidate to operate the 'Yuwang Company'. "

Xu Liang looked at the information in his hand and nodded.

"Since you are optimistic about her, let her be in charge of the reorganization of 'King Yu Company'."

"Then Yuwang Company should be handled by the Hanhua Industrial Asset Management Department?"

Looking at Jiang Xiaoyang's expectant eyes, Xu Liang smiled.

"Is this your real purpose?"

"Can you just say whether you agree or not?"

Zuo Zuo was just a company teetering on the edge of bankruptcy, and he didn't want to make Jiang Xiaoyang unhappy because of this.

"You can take it if you want, but I can give Yuwang Company up to 100 million Huaxia coins in support. If we spend all 100 million, we still won't be able to turn a profit in the end.

Just go bankrupt and close down. "

"Can."

Jiang Xiaoyang quickly agreed.

"By the way, Delong also spent a lot of money on Fairchild Dornier Aircraft Company. If you are interested, you can take over this project."

Jiang Xiaoyang rolled his eyes directly.

"Do you think I'm stupid?"

The global aircraft manufacturing market has long been locked in by giants.

Without state support, no matter how much money you have, you won’t be able to do it.

Regional airliners are fine, but the key is that China's regional airliner market is too small.

And Fairchild Dornier airliners are too expensive.

There is no market at all.

Investing money is wasting money.

Xu Liang smiled, Jiang Xiaoyang's rejection was expected by him.

"Pity."

"It's a pity. Delong spent 500 million Chinese dollars on the Fairchild Dornier 728 project. If he gives up now, the money will be completely lost."

After agreeing, Jiang Xiaoyang turned his head and said, "You are so powerful but you can't think of a solution?"

"There is a way."

"oh?"

Looking at her questioning eyes, Xu Liang smiled.

“After Fairchild Dornier completely collapses, we will acquire its remaining assets, especially intellectual property rights.

At that time, it will retain the R\u0026D department, close its production department, bring production domestically, reduce costs, optimize the supply chain, and become an aircraft company manufacturing regional passenger jets and business jets.

With its advantageous prices and localized services, it still has certain development prospects.

but.

Is it worth spending so much energy on such a company with an uncertain future? "

"You think it's not worth it?"

Xu Liang nodded.

"At present, I have enough companies under my control. I don't have the energy to take care of an aircraft company.

Delong Group alone is enough for us to digest for three to five years.

And compared to aircraft, I prefer to put funds and energy on companies including Hongmeng, Hanhua, and Harvest Agriculture. I can't chew too much."

"Do you have few companies under your control now? Hongmeng, Hanhua, Taihua, Master Kong, etc., add up to 20 or 30 companies, right? I don't see that you can't chew too much.

So I think you are not interested, and it's not that you can't manage it at all." Jiang Xiaoyang said.

"Haha, my wife still understands me."

"Let me tell you one thing, Tsingtao Beer rejected our merger."

Xu Liang frowned, "Rejected, why? Our merger is obviously in their best interest."

"The reason they gave was internal opposition, but I guess the higher-ups don't want to lose control of Tsingtao Beer."

Xu Liang raised his eyebrows, thought for a while, and came to his senses.

"It seems that our acquisition has moved other people's cheese."

"I think so too. Therefore, we can't rush the acquisition of Tsingtao Beer. We can continue after we find out the inside story."

Xu Liang nodded. Anyway, they have already obtained 27% of Tsingtao Beer's equity.

It's okay to wait a while.

After the two chatted for a while, Jiang Xiaoyang left.

Xu Liang sat on the sofa and thought silently for a moment, then got up and returned to his desk, and took out the due diligence materials of Delong Group and flipped through them again.

Then he turned on the computer and logged into the backstage of Hongyan Fund.

With the addition of Delong's assets, he needed to reorganize his assets.

The first to bear the brunt was Hongyan Fund.

At present, the assets of the entire Hongyan Fund are already extremely large.

It owns the equity of more than 20 companies.

But it can be roughly divided into two types of assets.

'Investment-grade' assets held in the medium and long term; 'strategic-grade' assets held for a long time or always held.

There are 9 of the former.

17.5% of NetEase's equity.

18.3% of Sohu's equity.

11.3% of Wuliangye shares.

25% of Luhua and 20% of Yangcheng Procter \u0026 Gamble shares.

Plus the newly added Jinling No. 2 Machine Tool, Tianshan Building Materials Group, Zhongyan Holdings and Southern Water [Shancheng Industrial, one of the three new shares of Delong]

After holding for three to five years, he will slowly sell them.

15 strategic companies.

14.9% of Apple shares;

15.2% of Amazon shares;

36.7% of Standard Chartered Bank shares;

14.7% of Moutai shares;

10.3% of Google shares;

79.9% of New Dream shares;

Global Tourism Group [including Delong Tourism Assets, Kowloon Tourism and Universal Studios]

De Nong Agricultural Group;

Sanwei Fertilizer Company;

Harvest Agricultural Group;

Hengyuan Trust;

Guowu Sports;

Hongdun Security;

55% of Fortescue Metals Group (FMG);

Torch Group;

Strictly speaking, 63% of Tencent shares, 49.99% of Alibaba shares, and companies such as Taihua Group and Master Kong should also be added.

But all of these have been transferred to several family trusts by him. They are no longer considered Hongyan’s assets, but are only managed by Hengyuan Trust.

Strategic investments are basically held for more than ten years, or even forever.

For example, Hengyuan Trust and Hongdun Security are the foundation of Hongyan and are basically not sold.

Xu Liang looked at the list.

He circled Denong Agricultural Group, Sanwei Fertilizer Company and Fengshou Agricultural Group together.

According to his long-term plan, these three companies mainly engaged in agriculture and agricultural materials will gradually merge into a huge agricultural and agricultural materials group.

He wanted to use Denong to acquire Sanwei Fertilizer first.

As for whether Denong would acquire Fengshou Agriculture or Fengshou Agriculture would acquire Denong, it would depend on who is better, Liu Qiangxi or Qiu Mingcheng.

He soon drew another circle around NetEase and Sohu.

"It will be time to sell them by the end of the year."

Thanks to the explosion of online games and the business feedback from Mobile Dream Network, the period from 2004 to 2005 was the period of their most rapid growth.

The market value has expanded from less than 40 million US dollars during the Nasdaq crisis to about 2 billion US dollars, especially NetEase, which has now exceeded 3 billion US dollars.

It has grown nearly 100 times.

Xu Liang made a lot of money.

But from 2006 to 2012, NetEase's market value must have exceeded 10 billion US dollars. Although Sohu is much worse, it will also grow.

As for how much the two can increase, his memory is already fuzzy.

But even if NetEase is better, it is difficult to get more than 5 times the return in five years.

If I stay, there is value, but it is not "fat" enough.

It is just right to transfer to the private equity fund under Hanhua. When the private equity has squeezed out the last value, I can sell it.

The cashed-out money can be invested in other companies with more lucrative profits or more strategic significance.

The remaining shares of Wuliangye, Luhua, and Procter \u0026 Gamble must be sold before the subprime mortgage crisis.

At this time, the stock price is the highest, and the profit after selling is the most.