Reborn as a tycoon in Hong Kong

Galaxy Financial Building.

In the office, Lin Baicheng was looking at the documents and listening to Qin Lan's report.

"Kim Heavy Industries was founded in 1973 and is controlled by the Kim Chaebol established by the Kim family. The Kim Chaebol currently holds a total of 68.3% of Kim Heavy Industries' shares."

"The main business of Jinshi Heavy Industries is the manufacturing of construction machinery, excavators, loaders, road rollers and other equipment, and it has more than a dozen affiliated subsidiaries."

"King Heavy Industries' total assets are US$177 million, with non-current assets of US$135 million and current assets of US$52 million."

"In terms of liabilities, current liabilities are US$80 million, non-current liabilities are US$20 million, and total liabilities are US$100 million."

"Equity assets attributable to shareholders were US$77 million."

"In terms of revenue, the company's total revenue last year was US$15 million, operating profit was US$2.2 million, and net profit was negative US$5.3 million."

"In other words, King Heavy Industries lost US$5.3 million last year."

"However, although King Heavy Industries has been losing money in the past few years, the company's losses have been narrowing in the past two years, and the company's revenue has also shown a year-on-year growth trend in the past two years."

"Judging from the situation in the past two years, Kim Heavy Industries is gradually developing in a good direction, but whether revenue and profits can continue to improve depends on the person at the helm of the company."

"Currently, there is not much cash flow left in the account of Kim Heavy Industries. It is only enough for Kim Heavy Industries to pay employees two months' wages. At present, Kim Heavy Industries is still relatively short of money. I think this is also the case for Chairman Kim. An important reason to want to find a partner.”

Qin Lan finished his report, while Lin Baicheng continued to look at the research report.

On the surface, Kim Heavy Industries is not a high-quality company, at least not a good company at the moment.

However, the development of the construction machinery industry will get better and better in the next one or two decades, and the industry as a whole is moving forward. It is expected that the development of Jinshi Heavy Industry will also develop better and better as the industry moves forward.

"Are you sure there are no problems with this research report? Is there something wrong with the Kim Heavy Industry Association that has not been discovered?"

After a while, Lin Baicheng put the document aside and looked at Qin Lan.

Qin Lan heard the words and replied: "Mr. Lin, there is no doubt about the ability of the team we sent there, and it is credible. In addition, we also found a third-party accounting company in South Korea to also investigate Jin's Heavy Industry , there is basically no difference between the two research reports, which can basically rule out the possibility of hidden dangers.”

"Third-party accountants are not completely trustworthy, but I believe in the capabilities of your team."

The reason why Lin Baicheng said this was because he knew that many third-party accounting companies would join forces with companies to make false accounts, and third-party accounting companies can be bribed.

To give a typical example, Enron in the United States was the largest energy company in the world before it was hit by thunder. Who would have thought that Enron has been making false accounts for more than ten years. It was not discovered, and everyone knew that the accounting firm responsible for the audit had colluded with Enron.

After the collapse of Enron, the company responsible for accounting audits also went bankrupt.

“How much does the Kim Chaebol value Kim Heavy Industries?”

This time, the secretariat sent people to South Korea to not only conduct research on Kim Heavy Industries, but also to communicate with the Kim chaebol. They must first know how much the Kim chaebol values ​​Kim Heavy Industries. Only in this way can negotiations be carried out.

"Mr. Lin, the post-financing valuation given by Jin's Chaebol is US$150 million. We have to pay US$22.5 million to get 15% of Jin's Heavy Industries' shares," Qin Lan replied.

“Isn’t this valuation a bit high?”

Lin Baicheng couldn't help but raise his eyebrows when he heard this. The future development prospects of Kim Heavy Industries are in the future. At present, the company's revenue is not high, and its profits are even negative. The valuation offered by Kim's chaebol is obviously too high.

Qin Lan said: "Mr. Lin, the valuation offered by the Kim Chaebol is indeed on the high side. There must be room for negotiation. I guess the Kim Chaebol also knows that we will not easily agree to the valuation they offer, so they offered it." A high price so that we can negotiate a valuation that is favorable to them.”

Lin Baicheng asked: "Does your secretariat have an actual valuation of Jin Heavy Industries?"

"some."

Qin Lan nodded: "Based on the current operating conditions of Jin's Heavy Industry, our actual valuation of Jin's Heavy Industry is US$100 million. The reason why it is only these is because Jin's Heavy Industry's liabilities are not low, and the annual interest repayments are Several million dollars. If Kim Heavy Industries cannot achieve profitability as soon as possible, the original debts alone will be a huge burden for Kim Heavy Industries."

"One is US$150 million and the other is US$100 million. There is a big difference."

Of course, Lin Baicheng believed in the Secretariat's assessment of the value of Kim Heavy Industries. After all, the Secretariat was his, and the Kim Chaebol was the seller. He definitely wanted to sell the shares at a good price, so it was normal to offer a high price.

Qin Lan reminded: "Mr. Lin, US$100 million is the actual value assessment of Kim Heavy Industries. If we want to invest in Kim Heavy Industries, it is impossible not to pay a premium. Furthermore, we need the help of the Kim Chaebol to enter the South Korean market. Even for this, we still need to give some benefits to the Kim chaebol."

"I know this, but I never thought that I could invest in King Heavy Industries at its actual valuation."

Lin Baicheng nodded to express his understanding, thought for a while and said: "As for the investment in Kim Heavy Industries, I will hand it over to the secretariat in the United States. You can send people to assist, and the specific valuation negotiations can also be left to them."

"Mr. Lin, we have dealt with the Kim chaebol, and we know Kim Heavy Industries better than the U.S. Secretariat. It would be better to leave this matter to us, don't you think?"

Qin Lan still wanted to fight for it. After all, they were responsible for the matter at the beginning, but suddenly it was handed over to the secretariat in the United States. The people below would definitely have objections, and she, the boss, would naturally fight for everyone.

If this kind of financing negotiation involves a large amount of money, there will be bonuses if it is done well, and the bonuses are usually not low.

"Are you sure there's no problem?"

Lin Baicheng did not want to dampen the enthusiasm of Qin Lan and others.

"Mr. Lin, please feel free to leave this matter to us, and we will definitely negotiate a valuation that satisfies you."

Qin Lan knew that what she said was a disguised military order, but she still had to say it.

"Okay, then I'll leave this matter to you first."

Lin Baicheng took a deep look at Qin Lan and decided to give Qin Lan and the others a chance. If things are done well, there will be rewards. If things are not done well, someone will definitely be responsible. As long as they are mentally prepared.

"Thank you Mr. Lin."

Qin Lan thanked him and then asked: "As for the valuation of Jin's Heavy Industries, what's the base price in your mind, Mr. Lin?" Knowing the base price in the big boss's mind will make it easier for them to negotiate and have a better idea.

"$130 million, this is my base price."

In fact, Lin Baicheng could accept US$150 million, but he certainly couldn't say that. If he didn't put some pressure on the Secretariat, then why would he spend so much money to support so many people in the Secretariat?

"Don't worry, Mr. Lin, the final price will never exceed US$130 million!"

Qin Lan immediately promised, feeling secretly relieved that the big boss's base price was not low, and she was confident that the negotiated valuation would not exceed this price.

"Okay, I'll just wait for the outcome of your negotiations."

Lin Baicheng said no more.

"Mr. Lin, I'll go out and get busy first."

Qin Lan said, and after Lin Baicheng nodded, he turned and left the office.

Lin Baicheng continues to be busy in the office. Galaxy Financial Building is the headquarters of Galaxy Financial Group. Although Galaxy Financial Group has not many subsidiaries, Galaxy Bank and Yum Securities are not small companies, especially Galaxy Bank, which Lin Baicheng wants to establish. The core of the consortium.

Therefore, Lin Baicheng is very concerned about Galaxy Financial Group and will often inquire about the group's affairs, especially Galaxy Bank.

…

After Qin Lan left the chairman's office, he returned to the floor where the secretariat was located.

"Inform Director Chen, Director Lan and all assistants that there will be a meeting in the conference room in fifteen minutes."

Qin Lan talked to her assistant. As the director of the Secretariat, of course she also had an assistant.

"Yes, Director."

The assistant responded and went to inform.

Fifteen minutes later, conference room.

Chen Zhixiong, Lan Meifang and several assistants arrived at the conference room first.

"I just reported to Mr. Lin on the research report of South Korea's Kim Heavy Industries."

Qin Lan looked at everyone and said: "As for the equity valuation negotiation with Jinshi Heavy Industries, Mr. Lin originally wanted to leave it to the US Secretariat to take the lead and let us assist. However, with my efforts, Mr. Lin will The matter was left to us.”

"Pa bang bang~~~"

Everyone couldn't help but applaud after hearing this, obviously affirming what Qin Lan had done.

Qin Lan pressed her hands, and after the applause stopped, she continued: "Mr. Lin trusted our ability and gave us the responsibility for this negotiation. We must handle it well. I myself also made a decision in front of Mr. Lin. Military order, if the result of the valuation negotiation cannot satisfy Mr. Lin, it will be a dereliction of duty on our entire secretariat’s part.”

Chen Zhixiong raised his hand to signal, and said: "Chief Qin, the valuation offered by the Kim Chaebol is US$150 million. How much does Mr. Lin hope we can talk about? In other words, what is the base price in Mr. Lin's mind?"

"If Mr. Lin's base price is too different from the price offered by the Kim chaebol, it will not be so easy to do this well."

Lan Meifang also said that if it is done well, it will be performance, and if it is not done well, it will be responsibility. Then everyone will be unlucky.

"I understand what you mean."

Qin Lan nodded and said with a smile: "Mr. Lin didn't make it difficult for us. His base price is not low. We can definitely negotiate it. If we can't do it, then it's a problem with our capabilities."

Qin Lan did not disclose the specific reserve price. If too many people knew about it, the reserve price would be easily leaked. At that time, the responsibility would lie with the Secretariat. She, the director, could not escape the responsibility no matter what.

Qin Lan added: "Although Mr. Lin's base price is not low, the price we negotiate cannot be exactly at Mr. Lin's base price. That way we will not be able to show our ability at all, and the task will not be completed beautifully. Then At that time, I had no shame in asking Mr. Lin for credit for our secretariat."

After a pause, Qin Lan looked at Chen Zhixiong and Lan Meifang: "Chen Chu, Lan Chu, which one of you wants to take over this valuation negotiation?"

Chen Zhixiong and Lan Meifang couldn't help but look at each other after hearing this.

"I'd better go."

Chen Zhixiong spoke up: "After all, we have to go on a business trip to South Korea this time, and it will take a long time. Most of Lanchu's team are women. For safety reasons, it is better for me to take people there."

"Thank you, Chu Chen, for your concern, but Chu Chu Chen doesn't need to worry. We are going to South Korea this time to discuss cooperation with the Kim Chaebol. With the Kim Chaebol here, I believe there will be no problems in terms of safety." Lan Meifang retorted with a smile. .

"It's not just about safety."

Chen Zhixiong said again: "South Korea is quite discriminatory against women, and the same is true in the workplace. If this negotiation is led by Lan Chu, I am worried that it will affect the cooperation between the two parties. This negotiation is related to the entry of other companies. In the South Korean market, there will be many connections with South Korea in the future, and we need to consider it more comprehensively."

"Well, let's let Chen Chu lead the team there this time."

After hearing this, Qin Lan made an immediate decision, and Chen Zhixiong's words moved her. Although she is also a woman and has a closer relationship with Lan Meifang, from a fair standpoint, it is indeed more appropriate to send Chen Zhixiong to lead the team to South Korea.

The person who led the team to South Korea this time will also be responsible for other companies connecting with South Korea in the future. Therefore, Chen Zhixiong is more suitable than Lan Meifang.

"Qin Chu."

Lan Meifang opened her mouth.

"Lan Chu, it's decided."

Qin Lan shook his head at her and said: "After Chen Chu leads the team to South Korea, there are more things in Xiangjiang that Lan Chu is responsible for, and I hope Lan Chu can do a good job."

"I see."

Lan Meifang was silent for a while, and finally did not object.

Seeing that Lan Meifang had no objection, Qin Lan couldn't help but nodded secretly, and turned to Chen Zhixiong and said: "Chen Chu, it's up to you to select the candidates for South Korea this time. After you select the people, report them to me."

"Okay, Chu Qin."

Chen Zhixiong responded, Qin Lan was the director after all, and some things still had to be reported to her.

"The meeting ends here. Lan Chu, come with me."

Qin Lan stood up, spoke to Lan Meifang, and walked out of the conference room.

Upon seeing this, Lan Meifang followed, and the two went to Qin Lan's office.

In the office, Qin Lan comforted Lan Meifang. Apart from her as the director, the secretariat only had two deputy directors, Chen Zhixiong and Lan Meifang. Now that Chen Zhixiong was leading a team on a business trip, it was not necessarily the same for Lan Meifang. Bad thing.

At least Lan Meifang can now intervene in the connection between the Secretariat and various enterprises in Hong Kong.

Lan Meifang was able to walk around the companies that Chen Zhixiong was responsible for in the past, get to know more people, and see if she could find Chen Zhixiong's mistakes.

Yes, Lan Meifang and Chen Zhixiong are in a competitive relationship. Although the two do not fight very hard, they will stumble each other from time to time. If they have the opportunity to find out the other's faults, they will never miss it.

Lin Baicheng was more or less aware of similar struggles, and he would never interfere unless someone crossed the line.