My Age of Investment

Capital International Airport.

Zhang Rujing pushed his suitcase and walked out of the passenger passage covered with dust.

Compared with a few months ago, his face had changed a lot, and there was still a sadness between his brows that would not go away.

"Mr. Zhang~"

Hearing someone calling him, Zhang Rujing quickly raised his head and saw a young and beautiful girl in professional attire looking at him with a smile on her face.

The girl also held a sign in her hand that read, "Welcome Mr. Zhang home, you have worked hard along the way."

Seeing this line of simplified characters, Zhang Rujing suddenly felt warm in his heart.

Thinking back on the various cold receptions he had received in the past few months in Wanwan, and then looking at the courtesy he received from the mainland, he felt very emotional and a little moved.

"Mr. Zhang, originally Mr. Xia and Mr. Liang had to come to the airport to greet you in person. Because there was an impromptu meeting, they arranged for me to come to greet you. Please forgive me."

Liu Xiaoduo explained to Zhang Rujing while arranging for the driver to pick up his luggage.

Zhang Rujing smiled and waved his hand, "Mr. Xia and Mr. Liang are too polite. Although I am an old man, I can still get away."

Although he said he didn't care at all, Zhang Rujing still felt the respect Xia Jingxing and Liang Mengsong had for him, which comforted him a lot.

He returned to Wanwan for a few months this time, during which time he was basically working on Huaxin International's lawsuit.

Now Huaxin International has been privatized by Renaissance Industrial Fund and delisted from the New York Stock Exchange and the Hong Kong Stock Exchange. .

All the one or two points of Huaxin International equity he personally held were sold to Fuxing Industrial.

According to common sense, the patent lawsuit between Huaxin International and Gulf Power has nothing to do with him.

Because with the completion of the acquisition, Huaxin International's assets, debts, equity and even lawsuits were all transferred to the name of Fuxing Industrial Group.

But Zhang Rujing still couldn't sit still. He wanted to do his part to revitalize the industry and contribute to China's semiconductor industry.

But he seriously underestimated Zhang Zhongmou's hatred for him and fear of Huaxin International.

well!

Zhang Rujing let out a long sigh and followed Liu Xiaoduo and the driver to the car parked on the roadside.

…………

…………

"In order to privatize Huaxin International, we spent a total of US$1.2 billion in funds."

In a small conference room, Deng Yuanyun, the group's CFO and head of Fuxing Industrial Investment Fund, was introducing the entire process of acquiring Huaxin International to Xia Jingxing, Liang Mengsong and several Fuxing Semiconductor Group executives.

Fuxing Industrial Industry Investment Fund is actually the semiconductor industry investment fund and integrated circuit industry investment fund with a scale of 100 billion yuan and deployed in China.

Just to avoid being too high-profile, the name was deliberately changed to the current name, which is more like the war investment department of Renaissance Industry.

“Throughout the entire acquisition process, institutional shareholders such as Modu Industrial and Walden International were very cooperative with our work and saved us a lot of trouble.

As for the small shareholders, Huaxin International is in a state of internal and external difficulties. After we give a certain acquisition premium, almost all of them are willing to accept our tender offer. "

Speaking of this, Deng Yuanyun suddenly released a PPT picture, pointed at it and said: "This is Huaxin International's financial statements in recent years, you can take a look.

In 2004, Huaxin International's operating income was 8.067 billion yuan and its net profit was 587 million yuan.

In 2005, revenue was 9.453 billion yuan and loss was 900 million yuan;

In 2006, revenue was 11.457 billion yuan and loss was 344 million yuan.

In 2007, revenue was 11.337 billion yuan and loss was 142 million yuan.

2008 is not over yet, but after investigating and auditing it with the financial department, it is estimated that this year’s revenue will be less than 10 billion yuan, and the loss may reach about 3 billion yuan.

In fact, starting from 2005, the development of Huaxin International began to decline continuously, from profit to loss. After that, revenue began to decline and losses began to expand.

The main reason is that in 2005, Huaxin and Gulf Power reached a settlement in the patent infringement lawsuit and paid $175 million in settlement fees to Gulf Power.

Since then, it has caught up with the industry cycle of the semiconductor industry from prosperity to decline, and Gulf Power has initiated a second patent infringement lawsuit against Huaxin International.

These reasons have caused Huaxin International's revenue to decline for three consecutive years, and its stock price has plummeted.

What's even more terrible is that the lawsuit between Huaxin and Gulf Power is still unknown, and it is unknown how it will end in the future.

If Gulf Power wins the lawsuit and receives huge compensation, Huaxin International may become insolvent. This is the biggest uncertainty! "

Xia Jingxing suddenly interrupted: "Okay, don't keep mentioning Bay Electric. Without their troubles, Huaxin International would not be where it is today, and we wouldn't be able to acquire this company for US$1.2 billion." A large semiconductor manufacturing company.

Since we took advantage of this, we naturally have to face the lawsuit with Gulf Power calmly. "

Deng Yuanjun nodded, and then he stopped mentioning Gulf Power and instead talked about the Fuxing Industrial Investment Fund.

“After this battle, our industrial investment fund has spent 77% of the initial 9 billion yuan in place.

Considering the upcoming merger and reorganization of Huaxin International and the original Fuxing Semiconductor Magic City No. 1 Factory, the losses of the two companies next year may be astronomical.

At the same time, investment is essential for the reorganized Huaxin International to maintain rapid development and catch up with international advanced manufacturing processes. "

As soon as Xia Jingxing heard Deng Yuanjun's words, he knew that the other party was tactfully urging him to pay.

The industrial investment fund worth 100 billion yuan has been planning and carrying out fundraising work since the beginning of the year. More than half a year has passed, and so far, a total of only 9 billion yuan has been put in place.

Among them, Vision Capital invested 5 billion, Fuxing Industrial invested 2 billion, and the other 2 billion was jointly invested by partners such as Walden International, Hanergy, and Northern Lights.

The reason why all fund investments were delayed was because the previous second wave of financial short-selling operations had not yet completely ended. Xia Jingxing did not have the energy to fill up the fund, so he could only invest and raise money at the same time.

Things are different now. 2009 is approaching, and the second wave of short-selling operations has officially come to an end. Large amounts of short-selling profits are already on the way, and life no longer needs to be tight.

Xia Jingxing smiled and replied: "Next month! That is, starting from January next year, all the remaining 91 billion yuan will be in place."

Deng Yuanjun's expression was surprised at first, and then ecstatic.

This is great news!

He subconsciously asked: "All at once?"

Xia Jingxing said with a calm expression, "Yes, it's all in place, and it's all one time!"

Now not only Deng Yuanyun, but also Liang Mengsong and several senior executives of the semiconductor group could not sit still.

How much money has Mr. Xia made in the international capital market?

They immediately thought of a rumor in the world that Mr. Xia's net worth of hundreds of billions was all in real cash!

The rumors are indeed not groundless!

Xia Jingxing naturally saw the surprise, joy and doubt on everyone's faces.

He did not explain too much, because this is the top business secret of Vision Capital. Even within Vision Capital, only a few executives know the specific profitability of the fund, and there is no need for ordinary executives of Fuxing Industry to know. .

Fuxing Industrial invested 2 billion yuan, holding 2% of the entire 100 billion industry fund. It is also the GP general partner, which is the real manager of the fund.

Xia Jingxing glanced at Deng Yuanyun. This is the person who is actually responsible for the investment direction of the 100 billion yuan fund. He can give him some information. As for others, there is no need to know. They only need to know that the group has 100 billion yuan at its disposal. Just the right.

Seeing that Xia Jingxing had no intention of explaining, Deng Yuanjun, who was thoughtful and thoughtful, quickly changed the subject without asking any more questions.

“After Huaxin International was privatized by us, all work handovers were completed smoothly without having much impact on the company’s operations.

In October, Huaxin International also obtained an export license for 32-nanometer technology from the United States. Next, Huaxin can start OEM research and development of 32-nanometer logic chips.

We must not stop in the pursuit of advanced manufacturing processes. "

:,!