Video Game Empire
Chapter 161: external think tank
One person is short, others are long. (Starting) Although Li Xuan has the advantage of rebirth, his ability is also limited. What's more, the market situation is changing, which is also the purpose of his establishment of the senior managers' meeting. Transformed Dongfang Electronics from his personal paternalistic leadership to a crowd leadership.
Of course, in the future, whether this will cause everyone in the Senior Managers Association to rely on the old and sell the old and pass the buck to each other, that will be a matter of the future. At least now, Li Xuan is already a little overwhelmed by the complicated affairs on his body. After all, he was a technician in his previous life, and management was by no means his specialty.
"Lisheng, the representative of Standard Chartered Bank called earlier. The shareholders in the United States have begun to let go, but their asking price may be slightly higher than our bottom line!" Han Peng said.
Originally this morning, Li Xuan would come to the company to discuss the acquisition of Jiahua Bank. But he was stuck in the gentle village and came late. Representatives of the two sides concluded the latest round of negotiations yesterday, and each made an acceptable offer.
After Dongfang Electronics acquired 75% of Jiahua Bank's equity in the Lin family's hands at a price of 600 million not long ago, it has a great advantage in the negotiation of the remaining equity acquisition of American shareholders.
Because Dongfang Electronics still has sufficient cash in its hands, the previous proposal of capital increase and share expansion adopted by the US shareholders for the Lin family was useless at all. Dongfang Electronics had planned to inject new capital into Jiahua to increase the bank's capital filling ratio.
After Dongfang Electronics holds absolute control, it can hold a general meeting of shareholders at any time, reorganize the board of directors, and reduce the influence of American shareholders. And Dongfang Electronics has also interviewed all the middle and senior management of Jiahua Bank. There is a saying that the person who knows the current affairs is the best. When the major shareholders are powerful, the smart people will naturally make the right choice.
"Americans are not fools either. They hold too few shares, and they can only retain at most one seat after the reorganization of the board of directors! Most of the bank management have been persuaded by us. They have been unable to make waves and continue to retain the most equity in Jiahua. Only eat some bonuses!"
Li Xuan said with a smile. "What's more, we have countless reasons to let the bank not pay dividends for a few years, and they will never get any benefits! And we will soon increase capital and expand shares. If they want not to be diluted, they can only continue to invest money. So it is the best choice to leave as soon as possible now!”
"The Americans made an offer of HK$210 million yesterday, which is slightly higher than our bottom line of 200 million!" Han Peng said.
"Since the difference is not too big, then spend more money to agree. Now there are rumors of Jiahua Bank's equity transfer outside, this matter should not be delayed for too long. To avoid all kinds of unfavorable messages, notify Standard Chartered Bank to agree. Their offer!" Li Xuan nodded and said.
"Alright then, I'll call Sir Goldston!" Han Peng agreed.
"The board of directors of Jiahua Bank has a total of seven seats. The original allocation was three seats for the Lin family, two seats for management, and two seats for US shareholder representatives! Although the Lin family has already transferred the equity, I plan to retain Lin Xinyi's director seat after the reorganization. , and he will also join the company's management. He will win over some Lin family elders in the bank, and do some restraint on the current management."
Li Xuan tapped lightly on the coffee table with his fingers and said to Han Peng, "The two board seats that originally belonged to the management remain unchanged, and the management will try not to make adjustments in the next six months. In the next round of share expansion, they will join as strategic investors. They will not account for more than 10% of the shares. As the chairman of the board, you will naturally have a seat. The rest Two seats were changed to non-executive directors. Hired from outside!”
As the saying goes, if you listen to each other, it will be bright, and if you believe in partiality, it will be dark. Li Xuan has always hoped that the voice of the company's management can be diversified. Different people are in different positions. The perception of the company is different. Listening to more external voices can sometimes be more able to detect the problem.
Since the acquisition of ATV, Li Xuan has always attached importance to the role of non-executive directors in corporate governance, hoping that they can really play a supervisory role, rather than just signing a rubber stamp at a meeting.
Han Peng nodded and said: "I have already started to consider the list, and then I will list a few candidates for your reference, Xiao Lisheng!"
"Your Jiahua Bank's chairman is not easy to be! I read the information and most of their loans are concentrated in real estate projects!" Li Xuan took a serious look at Han Peng, "This wave of Hong Kong housing prices has already risen. It is basically over, and it is likely that China and the UK will start negotiations on the future of the Hong Kong issue in the near future.
If things don't go well and the two sides start a tug-of-war, Hong Kong will definitely be affected. At that time, the stock market and the property market, where the bubbles are concentrated, will inevitably suffer a severe setback! Therefore, your first task after taking office is to adjust the structure of bank loans.
Before property prices start to fall, try to package and sell all property loan projects to other financial institutions, even if you suffer some losses. Anyway, we will inject capital into the bank next, just to minimize this negative impact! "
Li Xuan and Han Peng left the company in a hurry after talking about Jiahua Bank. He invited other people to have dinner with him today.
"President Huo, hello!"
Li Xuan saw an elegant middle-aged man, led by a waitress in a kimono, opened the sliding door and walked in. He immediately got up from the tatami and said with a smile.
"Xiao Lisheng, hello!" The visitor smiled at Li Xuan.
Li Xuan invited Professor Huo Qiuxing, Dean of the School of Business Administration of the Chinese University of China. Professor Fok studied for a master's and a doctorate at the University of Tokyo in Japan in his early years, and lived in Japan for nearly 20 years before returning to Hong Kong. Therefore, Li Xuan specially selected this Japanese-style wine house in Sheung Wan to meet him.
Although Huo Qiuxing met Li Xuan for the first time, he was no stranger to him, the most special student since the establishment of Chinese University. Although Li Xuan has suspended his studies from CUHK, CUHK still calls him one of the most famous alumni cultivated by CUHK.
In less than two years, he founded an electronic company with an annual output value of hundreds of millions of dollars. Huo Qiuxing naturally couldn't stand up as a teacher in front of such a demonic student.
"President Huo, I took the liberty to invite you here today because I want to ask you some questions!" Li Xuan said politely, "After a round of rapid development, Dongfang Electronics has gradually become more and more complex. How to improve the company While improving the quality of the internal management and senior management, we also urgently need external specialized agencies to provide some development strategy support.
At the same time, with the continuous expansion of Dongfang Electronics' globalization strategy, the impact of various external risks such as politics, beliefs, and economic development levels in different regions on the company's market development must also be considered. Therefore, we hope to establish an independent think tank, the Oriental Economic Research Center, to provide support for the company's high-level decision-making! "
Most European and American companies will hire world-renowned consulting management institutions such as McKinsey, Roland Berger, Accenture, etc., as external intellectual support for the company's strategic development. Dongfang Electronics has also established a certain cooperative relationship with one or two of them, through which they can help the company better develop the European and American markets.
But Dongfang Electronics is a Hong Kong company after all, and its environment is different from that of European and American companies. Those management consulting companies have not established strong branches in Hong Kong, so it is difficult to accurately understand and grasp the true situation of Dongfang Electronics. This mission can only be solved through Dongfang Electronics, which builds its own think tank.
Li Xuan was invited by President Ma Lin of CUHK to invite Huo Qiuxing. This professor has been studying the export-oriented development model of large Japanese companies for many years. The road that Oriental Electronics will take in the future is very similar to that of Japanese companies, which is why Li Xuanyi is in charge of the future Oriental Economic Research Center.
"You are an expert on export-oriented economic issues, and you have been studying the development model of Japanese companies for many years! The Hong Kong market is small and resources are scarce. If Dongfang Electronics wants to become bigger and stronger, it must also target overseas markets. Therefore, I fervently hope that you can help Dongfang Electronics is preparing to build an economic research center to be a guiding light for the company's next development!" Li Xuan said straight to the point.
Huo Qiuxing was not ignorant of Li Xuan's purpose in inviting him to dinner. But Dongfang Electronics was still wrapped in a layer of fog in his eyes, and he didn't dare to agree to it without knowing the situation in detail.
"Lisheng, being a guiding light with such high expectations frightens me! I have a little research on the development of Japanese companies, but each company is in a different environment, with different advantages and disadvantages. Development strategies are naturally different.
For example, in my opinion, Hong Kong is not really suitable for developing the electronics industry. Hong Kong's higher education adopts an elite strategy, and the number of technical talents trained every year is far from being able to support it. Hong Kong's economy has transformed from labor-intensive to higher-level technology-intensive.
As for Dongfang Electronics, I am actually a little curious. Before your company succeeded in developing arcade machines ~www.wuxiaspot.com~ Hong Kong did not have any game industry foundation. It is precisely the great success of your company that has quickly spawned a brand new industry in Hong Kong. According to my statistics, up to now, there have been more than 20 companies related to game R&D in Hong Kong.
In addition, your company has invested a lot of money to establish the Oriental Laboratory in Hong Kong. I can't help but feel the spirit and ambition of Xiao Lisheng. However, Hong Kong's industrial foundation in the fields of semiconductors and electronics is relatively weak. It is difficult to compete with similar Japanese companies supported by the state by relying on Dongfang Electronics' own investment! Of course, maybe my understanding of Dongfang Electronics is relatively shallow, and the conclusion I made is not accurate! "Huo Qiuxing said with a smile and shook his head.
Li Xuan heard some of Professor Huo's voiceover, and he didn't think that he could convince the other party with a few words: "Dongfang Electronics is not a listed company, and there is very little information disclosed to the outside world. If Professor Huo is interested, I will let him know in a few days. The company's detailed information will be sent to your office. After you have a general understanding of the current development of Dongfang Electronics, you can make some corrections on our shortcomings!"
After talking about business, the conversation between the two became more relaxed, and they began to chat about other interesting things. The impression of Li Xuan is not a spirited young man in his early twenties, but a calm and open-minded temperament that makes it easy to ignore his real age. (To be continued..)
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