The Pioneer of the Rebirth Era
Chapter 1227 Take the opportunity to sell for a big price
The matter of the share transfer was not going well. Even Adams' sudden intervention made Nokia's top management feel vigilant and anxious, but the negotiations were still a bit difficult to start.
The reason why the negotiations reached an impasse as soon as they came up was because Yang Dongxu spoke too harshly. Not to mention raising the price very high at the beginning, but also insisting on it with no intention of letting go.
The person who replaced the shares of Nokia's parent company in the same amount and also took the shares of Nokia's mobile phone business will pay him a price difference of 3.36 billion euros.
Yang Dongxu owns a total of 26.3% of Nokia's mobile phone business shares, and also holds the power of the general agent in Asia. At the beginning, Nokia mobile phones were optimistic about the Asian market, but they were not optimistic about the Chinese market.
Because the Huaxia market gave the West the impression of a poor and backward country at that time, and mobile phones were obviously not affordable by ordinary people.
So Yang Dongxu stood up happily and won the mobile phone agency rights that no one was optimistic about the market, and signed a military order for this. If the annual sales of the mobile phone business cannot meet the minimum requirements of the Nokia head office, Yang Dongxu needs to make up for the price difference.
Everyone thought that Yang Dongxu was crazy when he signed this agreement. In order to save his country's face, he even used his own money to fill it in. But now it seems that this decision undoubtedly made many people who watched the joke feel painful.
In the first two years after signing this agreement, Yang Dongxu was indeed losing money, and had to spend tens of millions of dollars every year to fill the gap in the sales of mobile phones that did not meet the standards.
But since the domestic economy started to take off and people started to make money and buy mobile phones, Yang Dongxu turned from a loss to a profit in an instant, and his annual profit is increasing at a rate of 50%+.
Last year, the sales and export volume of Nokia mobile phones in China reached an astonishing 10.7 billion euros, of which 20 million units were sold in China, with net sales as high as 6.3 billion euros. Yang Dongxu made a net profit of 1.876 billion euros.
The telecommunications business of Nokia's parent company is a bull, and it is also an absolute international giant at present. But this bull is far from reaching the peak period of Nokia's rapid transformation to build a telecom business kingdom after the collapse of the mobile phone business in later generations.
Therefore, a few years later, Nokia's mobile phone business collapsed, although because of its successful transformation into a telecom giant, the decline of the mobile phone business was not just an arm cut off. But now the profits of the mobile phone business account for half or more of Nokia's total profits.
Therefore, Yang Dongxu did not make money by replacing the shares of the parent company with the shares of the mobile phone business, but lost money. In addition, Nokia's high-level executives are not letting go of the coveted domestic mobile phone agency rights. So Yang Dongxu insisted on the 3.36 billion sky-high compensation agreement.
Equivalently replace the shares of the parent company, and this time Yang Dongxu not only only wants the right to dividends, but also holds all rights to the shares in his hands.
So if there is an equivalent replacement, plus his previous 5.36% stake in Nokia's parent company, he is an absolute major shareholder with an astonishing 31.36% of Nokia's parent company's shares.
In addition to signing the agreement, he can no longer get dividends from the Nokia mobile phone business that is currently in full swing. And lose all rights to the mobile phone business company.
Even if he wants to reorganize Nokia's board of directors, these shares are enough. You must know that Nokia's parent company is now the second largest shareholder, and it only occupies 12.32% of the company's shares.
So it's not just a matter of making up the difference, once the share swap is done. Yang Dongxu will become the power holder of Nokia, although he has not indicated that he will be the chairman.
Moreover, it is also clearly stated in the replacement clause that after the share replacement is completed, it will not intervene in the mobile phone business, but will fully develop the telecommunications business that Nokia is also emerging, creating another heavy-duty fist for Nokia.
But no one can underestimate the 31.36% shares there, not to mention the sky-high compensation agreement of 3.36 billion euros.
So the negotiations fell into a stalemate as soon as they came up, but Yang Dongxu was obviously not in a hurry. Even without Adams intervening, he was still not in a hurry.
Because Nokia's domestic sales will continue to increase by 50+% in the past few years, that is to say, he has made 1.876 billion euros through Nokia mobile phones in the past few years. This year, the profit difference can even reach an astonishing 2.8 billion euros.
This is only the profit from mobile phone sales. If you add that about three-quarters of Nokia's global mobile phone sales are contracted by him, then the money he earns from Nokia alone will double in a year.
You must know that last year, Nokia's cumulative global sales exceeded 200 million, and it will not be a problem to add 100 million to this basis this year.
So Yang Dongxu is not in a hurry, anyway, the negotiations dragged on and he was making money every day without any loss. Even if he procrastinates for a day, he is not in a hurry to play with Nokia's telecom business globally.
After all, Nokia's foundation is too strong. In the last life, when Apple was born, the Nokia mobile phone kingdom collapsed in an instant. Nokia adjusted quickly and resolutely gave up the mobile phone business and switched to the telecommunications business.
With the patents in hand and strong telecommunications business, the annual profit after the successful transformation is definitely incomparable with the current one. At its peak, Nokia's mobile phone business earned more than $80 billion a year. After the transformation, I couldn't adapt for a while, and the annual profit continued to decline, and finally reached about 26 billion US dollars after the underestimation period.
But the 26 billion is just lying down to make money. At the same time, they did not plan as soon as possible before. After being seized by other telecom companies, although the transformation was successful, they lost the profit of the opportunity.
At present, 2G is the mainstream in the global communication market, and 3G is beginning to appear. 4G is only a concept. After 2008, Nokia's mobile phone business declined rapidly, and it happened to be at the peak of the 3G business, but Nokia got on the bus halfway.
In the end, he finally climbed into the 4G special car and was not the boss. After a few years, 5G technology was faster than the transition time from 3G to 4G. However, he is one of the top 500 companies in the world, and his annual profit is still more than 260 US dollars, killing more than 90% of the companies in the world.
So Yang Dongxu is not in a hurry now, even if he is late in the telecommunications layout, anyway, he is making money no matter how late he is. And there is also a Huaxia Telecom in China that is quietly developing.
The reason why he insisted on replacing the shares of Nokia's parent company is actually because of Nokia's strong technology and patent reserves in the telecommunications industry.
If he can win all of them, he doesn't have to worry about the technologies of Apple or other telecommunications companies. Directly launch 3G technology, even if it is not in time, you can still get on the first train of 4G technology, and at the same time greatly reduce the research and development of 5G technology.
However, he didn't play it too covertly, because he had shown a strong interest in Nokia's telecommunications and communication technology when he first came into contact with Nokia many years ago.
Over the years, they have used their status as shareholders to purchase these technologies from Nokia. So the shareholders of Nokia are not in a hurry even if they see Adams getting involved, and they have discovered this.
Except for Nokia, no company can provide Yang Dongxu with such cutting-edge telecommunications technology and patents. Whether it is the United States or other countries in Europe, or even Japan and South Korea, which have excellent telecommunications technology in Asia. At this point, the attitude towards Huaxia is to adopt a blockade.
So as long as Yang Dongxu doesn't get the right to use Nokia's telecom technology and those patents, they are not afraid that he will run away. So this is a game of patience and it depends on who can bear it first.
Therefore, after the negotiations reached a stalemate, Yang Dongxu continued to take his family to start his own European tour, and did not spend time in Finland.
"Actually, in my opinion, even if they are willing to make up the price difference, we still suffer from the share conversion agreement. They just see that you want Nokia telecom technology, so they are confident." After putting the little guy to sleep on the plane, Zhou Ya picked up the share replacement contract drafted by the company team according to Yang Dongxu's intention and said.
"Now it seems that it is of course a loss, not only a loss but also a big loss. At present, Nokia's net sales this year are 41.1 billion euros. Almost half of it comes from the mobile phone business.
This ratio is still increasing. It is estimated that in two years, the net sales of the mobile phone business will account for two-thirds or more of Nokia's net sales.
In this net sales, 6.3 billion euros came from China this year, which has accounted for one-seventh of the net sales of Nokia's mobile phone business.
This share conversion plan is not only for the shares of the mobile phone business, but also for giving up the agency rights of Nokia mobile phones in China. The entry and exit are definitely more than 3.36 billion euros. "Yang Dongxu said with a smile.
"Then you." Zhou Ya looked at her husband in confusion.
"I can't help it. Even though I have been poaching the wall in various domestic telecommunications technologies over the years, the Soviet Union's technologies are outdated after all. Standing on their shoulders is not a low starting point.
It can be compared with telecom giants such as Motorola, Ericsson and Nokia, which have never stopped research and development. Our technology is still at an absolute disadvantage, and it will take more time to catch up, and what I lack most now is time.
So the 3.36 billion is actually an excuse for me to fill it in. Its real purpose is to make Nokia feel that I am still not willing to give up the mobile phone business.
But in order to develop Huaxia's telecommunications business, this deal had to be done. So it doesn't matter whether the money is worth it in the end, but they have to come up with some top-notch telecommunications technology to offset this part. Otherwise, it would be too cheap for them, because Nokia's mobile phone business will be really profitable in the next few years, or super profitable. "
"How many years later?" Zhou Ya grasped the key points in her husband's words.
"Nokia's mobile phone business will die ugly in a few years." Yang Dongxu smiled mysteriously.
"How is it possible?" Zhou Ya exclaimed, feeling that her husband was joking.
Although he has lived in the countryside for a long time, it does not mean that she knows nothing about the outside world. Nokia has been advancing by leaps and bounds in recent years, but the foundation is very solid. It can overwhelm Motorola and Ericsson in the United States, and the global mobile phone is also well-deserved as N0.1.
If the foundation is not stable, as the United States likes to engage in espionage activities and seize other companies to blackmail them, Nokia will be over long ago.
Therefore, Zhou Ya didn't see the slightest possibility that this company, which was growing rapidly and developed steadily step by step, would fall down.
"It's because everyone thinks they can't, that's why they can sell at a good price." Yang Dongxu couldn't help but feel a little complacent in his smile. This kind of feeling that everyone is drunk and I am sober can greatly stimulate the vanity of pretending to be X. satisfy.
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