Reborn Industrial Tycoon

Chapter 604 Another plan

Attracting investment has always been a matter of great concern to local governments, and attracting foreign investment is a top priority.

Investment in manufacturing is the most popular investment among local governments because manufacturing can create jobs and generate tax revenue. These are the two issues that local officials need to solve most.

At that time, China's service industry was underdeveloped, the real estate industry was not rising, and there were no big technology companies. It could only develop the manufacturing industry and make money through production. The focus of investment promotion in various places was also manufacturing.

industrial enterprises.

This is probably like having no money to speculate in stocks and real estate, so you can only work as a laborer.

High-end manufacturing is one of the most popular investments in the manufacturing industry because it not only creates employment and tax revenue, but also brings higher added value.

Based on the technological level at the beginning of the 21st century, Volvo's construction machinery is a high-end manufacturing industry in any country.

It is also for this reason that when Olaf arrived in Qinghe, he was immediately warmly welcomed by the locals. The city of Qinghe almost treated Olaf as an ancestor, hoping that Volvo could implement the investment.

Qinghe City held a special welcome party for Olaf, and the newly appointed top leader of Qinghe City, Li Zhongwei, also attended in person.

"Mr. Olaf, you are welcome to visit Qinghe, and Volvo Group is also welcome to invest in Qinghe!" Li Zhongwei said.

"Mr. Li, thank you very much for hosting the welcome ceremony for me." Olaf said directly without beating around the bush;

"Before this, our Volvo Group has sent people to Qinghe for inspection many times, hoping to acquire a company to serve as our Volvo production base in East Asia. I am here to implement this matter."

"That's great, we also very much hope that Volvo's investment can be implemented as soon as possible." Li Zhongwei was overjoyed, and then said: "Mr. Olaf, if you have any needs, you can put them forward directly, and we will try our best to help you solve them.

question."

"Thank you very much." Olaf expressed his gratitude again, and then said; "Mr. Li, after our Volvo inspectors returned to Sweden, they have reported the detailed situation here to the group management. Our management, for Qinghe City

Fukang Engineering Machinery Company is very interested.”

"Fukang Engineering?" Li Zhongwei was startled and thought to himself: Did I hear wrongly? Didn't the Volvo inspector come here to buy a heavy machinery factory? How did it become Fukang Engineering?

So Li Zhongwei opened his mouth and confirmed: "Mr. Olaf, are you talking about Beverly Engineering Company?"

"That's right, it's Fukang Engineering." Olaf nodded seriously.

Li Zhongwei was afraid that the foreigner in front of him had made a mistake, so he reminded him: "Mr. Olaf, we have two construction machinery companies in Qinghe City. One is the Fukang Engineering Company you mentioned, and the other is a heavy machinery factory."

"I'm talking about Beverly Engineering." Olaf continued; "At last year's Dubai exhibition, I had contact with Beverly Engineering. I think this is a company with great potential, so we have acquired Beverly Engineering.

intention."

"I see." Li Zhongwei nodded. Since Olaf has had contact with Fukang Engineering, it becomes reasonable for Volvo to intend to acquire Fukang Engineering.

Just listen to Li Zhongwei continue to say; "Mr. Olaf, we very much welcome Volvo's investment, but Fukang Engineering is not a state-owned enterprise, but a private company, and they are privately owned.

Therefore, we in Qinghe City have no decision-making power and can only help matchmaking. As for whether Fukang Engineering is willing to accept the acquisition, or whether the acquisition will ultimately be successful, you need to negotiate on your own, and I have no right to interfere here."

Olaf nodded: "I understand this. I hope Mr. Li can help me contact the person in charge of Fukang Engineering so that we can discuss it in detail."

"No problem, I will contact the chairman of Fukang Factory as soon as possible." Li Zhongwei agreed, and then said: "Mr. Olaf, you can rest for a few days to adapt to the environment here. Once I have news, I will immediately

Notify you!"

…

Li Weidong received a call from Li Zhongwei.

"Volvo wants to invest in our Fukang Engineering?" Li Weidong was stunned, and then immediately asked: "Aren't they going to acquire a heavy machinery factory? Why is it our turn?"

"Who knows! We also thought that Volvo's target was a heavy machinery factory. Who knew that when the welcome party was held, Volvo's representatives proposed to acquire your Fukang Engineering."

Li Zhongwei continued, "I also felt quite puzzled, so I checked again and again. According to Volvo's representatives, they went to the Dubai exhibition last year and met your company. They felt that your company had great potential, so they decided to acquire it."

Intend."

"It turns out that last year, we went to participate in the construction machinery exhibition in Dubai." Li Weidong then asked: "Leader, what is the city's attitude towards this?"

Li Zhongwei replied: "Of course we hope that Volvo's investment can be implemented in Qinghe. Volvo is an international large group and is also a world leader in engineering machinery technology.

Our Qinghe does not have such international large enterprises, nor does it have any advanced manufacturing industry. If we can introduce Wall's investment and technology, it will be a good thing for the development of our Qinghe.

However, Fukang Engineering is a private enterprise after all, so whether you are willing to accept Volvo's investment and the specific conditions of the investment should be negotiated by you yourself. I am just here to help build a bridge."

"I certainly welcome Volvo's willingness to invest. It is also a good thing to be able to introduce advanced foreign technologies to improve our own standards and promote the development of the company."

Li Weidong expressed his attitude first, and then continued: "But I don't know what conditions Volvo can offer, so it's hard to promise anything now. I don't think it's better than this. Please arrange for me to meet with Volvo's representatives.

See you, we will talk in detail when we meet."

"That's what I have in mind, Chairman Li. If it's okay with you, we'll find a time for Volvo's representatives to visit your factory, and by the way, we can also test his tone!"

After the call ended, Li Weidong fell into thinking.

"Volvo's technology is certainly very advanced. If Volvo's technology can be introduced, Fukang Engineering's technology research and development will at least avoid a decade of detours!

The question is how much equity Volvo wants to take. If they don’t want more than 30% of the equity, I would be willing to give up 30% of the equity even if it means not paying a penny and just relying on the technology.

I'm afraid that Volvo is greedy and wants more than 50% of the equity and wants to control the entire Fukang Project. In that case, I will have no choice but to reject Volvo!"

…

Thanks to Li Zhongwei's matchmaking, Olaf came to Fukang Engineering.

After the usual visit, Olaf was invited to the reception room.

"Mr. Olaf, what do you think of our Fukang Project?" Li Weidong asked.

"Your company is a very good company. Although in terms of production technology and hardware, your company is still far behind European companies. But we can see that your company's management is in place and the workers' operations are also good."

Very skilled, this is an essential element for a good company." Olaf said.

"Thank you for the compliment, Mr. Olaf!" Li Weidong then asked: "I heard that Volvo intends to invest in our Fukang Project. Is it true?"

Li Weidong's meaning is very clear. Now that you have all seen the goods, you should tell me whether you want to buy it or not!

Olaf immediately replied: "Our Volvo Group plans to establish a production base in Asia, so we are very interested in acquiring Fukang Engineering. I came to China this time to finalize this matter!"

"Are you talking about acquisition?" Li Weidong asked immediately.

"Acquisition is also an investment!" Olaf replied immediately.

Li Weidong laughed and then asked: "Does Volvo want to acquire it fully? Or only acquire a part of the equity?"

"It would be best if you can acquire it wholly. If not, then acquire most of the shares." Olaf replied.

"Mr. Olaf, what is the majority you said?" Li Weidong continued: "I think this number should not be less than 51%? Otherwise, Volvo will have no control over the company!"

Olaf was also very honest. He said: "Of course we at Volvo Group need control of the company, and 51% of the shares is not enough for us.

Because we are not only paying money, but also investing in technology. When we bring technology, there are investment risks, so we need more equity to ensure our investment returns!"

"That's it!" Li Weidong narrowed his eyes slightly and his mind started spinning rapidly.

A few seconds later, Li Weidong quickly came to a conclusion: "It seems that he is not really here to acquire Fukang Engineering!"

Li Weidong knew that Ola was playing tricks, so he had no intention of receiving Olaf. After a few casual remarks, he said:

"Mr. Olaf, you have been inspecting for a whole morning, and you must be hungry. I have specially prepared a sumptuous lunch for Mr. Olaf, which is our local special food in Qinghe. In addition, I also asked someone to prepare a few cans of herring for you.

Canned food, I hope you like it!"

"Canned herring? Is it our Swedish canned herring?" Olaf asked in surprise.

"Yes, I asked people to bring them from Sweden, but the quantity is not very large!" Li Weidong nodded.

"I'm very satisfied if I can have one or two cans so that we can savor the taste of my hometown! Mr. Li, thank you very much!" Olaf bowed slightly to Li Weidong.

Li Zhongwei next to him subconsciously looked at his watch.

"It's just eleven o'clock. Isn't it too early to eat now? This Swede is here to invest. If anyone else is eager to talk more about investment, why is Li Weidong rushing to make people eat? Is it just to show off?

What is that canned herring? By the way, what exactly is this canned herring? Is it delicious? Do you need to set aside an hour in advance to eat it?"

Full of doubts, Li Zhongwei went straight to the hotel under the guidance of Li Weidong.

Then I saw shredded onions, tomato slices, potato sticks, cream, cheese sauce, flatbread, and several large cans of canned herring.

When Swedes eat canned herring, they don't eat it raw. They usually add onions, potatoes, cream, cheese and other accessories, or bake it in the oven, or eat it directly wrapped in pancakes.

When they saw this guy eating canned herrings, the eyes of Olaf and the Swedish assistants around him suddenly lit up.

Li Weidong said, "Mr. Olaf, I won't disturb everyone enjoying the delicious food. We are in the next room. If you need anything, you can come to us."

Olaf bowed slightly and expressed his gratitude again, and Li Weidong pulled the confused Li Zhongwei out of the room.

As soon as he left the room, Li Zhongwei asked: "Chairman Li, why did you pull me out? We are not allowed to eat with Olaf? What kind of hospitality is this to leaving the guest alone in the room!"

Li Weidong explained: "Leader, you don't know something. Swedish canned herring smells very smelly, and most people can't stand the smell at all.

There is a custom in Sweden that you have to tell your neighbors in advance before eating canned herring to avoid injuring them. Therefore, many Swedes go to the wilderness to eat Swedish canned herring to dissipate the smell.

We leave these Swedes in the house to enjoy canned herring alone, but for them we are taking care of their living habits, and they thank us before it’s too late!”

Li Zhongwei nodded, and then said: "Although this is their living habit, after all, they are guests, and they are here to invest, so we should always fulfill our friendship as landlords.

Chairman Li, you are still too hasty. Even if the canned herring is not delicious, you should take a symbolic bite and then give it a superficial compliment, so that both parties can save face."

"Leader, I'm not being rash, I'm afraid you'll vomit out your breakfast after eating that canned herring!" Li Weidong said with a smile.

Without investigation, there is no right to speak. After all, Li Zhongwei has never eaten canned herring, so he did not continue this topic.

Li Zhongwei changed his voice and then asked: "Chairman Li, it's only eleven o'clock now, it's a bit too early for lunch, right? You wouldn't go out of your way to eat an hour earlier just to treat the Swedes to this canned herring, right?"

?”

"I offered to eat, of course, not to make the Swedes eat canned food." Li Weidong sighed, and then said: "If my judgment is correct, Volvo should not intend to acquire our Fukang Engineering."

"No acquisition? Are you saying that Olaf is playing tricks?" Li Zhongwei frowned and then asked: "Chairman Li, what is the basis for your judgment?"

"Because Olaf mentioned technology investment." Li Weidong answered.

"Is there any problem with this? It is very common for foreigners to use advanced technology as investment. Most of the domestic joint ventures have this situation." Li Zhongwei said.

"But we are private enterprises!" Li Weidong spread his hands and continued: "Of course, I am not saying that private enterprises do not need advanced technology, but that we private enterprises have different views on investment.

For example, when Volvo came to invest this time, they made it clear that they wanted to obtain more than 50% of the controlling stake in order to gain absolute control of the company. It would even be best to acquire a full share of the company, which would maximize the benefits of the investment.

From the perspective of commercial mergers and acquisitions, it is understandable to pursue profits, but he wants to engage in wholly-owned acquisitions and talk about technology investment. For private enterprises like ours, isn't this a rogue move?

Although our Fukang Engineering has management and scientific research team shares, the vast majority of the shares are still in the hands of me, Li Weidong. It is not an exaggeration to say that this company belongs to me alone, right?

If I want to sell the company to you, I will definitely care about how much money you give me. As for what technology you bring, what does it have to do with me? The company is not mine anymore, even if the technology you bring can create

Aircraft carriers have nothing to do with me!

Therefore, if you want to acquire our Fukang Engineering, the most direct and only way is to talk about money directly! However, Olaf is talking about technology investment, which shows that he does not really want to acquire our Fukang Engineering!"

"It makes sense." Li Zhongwei thought about it carefully and then nodded: "Since Olaf is not here to acquire Fukang Engineering, he came here specifically to inspect it! It seems that he has other plans!"

Li Zhongwei rolled his eyes and suddenly thought of another possibility.

Li Weidong had already guessed that possibility, but Li Zhongwei was the leader after all. If Li Weidong was smarter than Li Zhongwei, wouldn't Li Zhongwei be very embarrassed?

So Li Weidong pretended to be confused and asked, "The Swedes must have other intentions, but what is their real purpose?"

Li Weidong's question was really just right. Li Zhongwei showed a scheming expression in cooperation: "What else could it be for? It's just to lower the price!"

——————

The Winter Olympics are here, Chinese athletes, come on!

Today's update is delivered. Thank you for your subscription. Ask for guaranteed monthly tickets! The Winter Olympics opens today. I wish the BJ Winter Olympics a complete success. Come on, Chinese athletes!