Reinventing the Millennium

Chapter 461 Turning Hands to Make Rain

The welcoming banquet in Chengdu ended happily.

In the afternoon, Fang Zhuo went to the University of Electronic Science and Technology accompanied by the city leaders to visit and listen to the teachers and students of integrated circuit related majors talking about professional knowledge. He sighed to the leaders that it was worth the trip.

In the evening, Fang Zhuo returned to the hotel and reviewed Sina's press release. He felt that the content was quite appropriate, so he asked to publish it the next day and let the news from some mid-to-high-end channels brew on their own.

Then, he flipped through the phone address book and found the number of Luo Minghua, the secretary general of Luzhou City.

The call was connected.

Fang Zhuo briefly described Changhong's possible acquisition of Meiling shares and the future technology upgrade production base.

When Luo Minghua received the call from Mr. Fang, he thought it was about the ice core project, but he didn't expect that it was to take the lead in introducing a new project. Although Changhong has been in decline in the past two years, it is still one of the top domestic TV manufacturers!

Besides, it's good that Changhong doesn't dislike Luzhou's backwardness, so why is it so picky!

This is the GDP delivered to the door!

As for the 20% of Meiling shares in Gu Zoujun's hands, it was impossible for him to hold them. The city was also considering how to deal with this matter. With Mr. Fang's push, it was really a matter of course!

"Mr. Fang, don't worry, I will do the work of Greencore."

Secretary-General Luo Minghua promised that there would be no problems with the transfer of shares.

"How much is Meiling's 20% of shares worth now?" Fang Zhuo asked for help.

Meiling is a local enterprise in Luzhou. Its predecessor was Luzhou Second Light Industry Machinery Factory. Later, it switched to producing household refrigerators. It is also well-known, but its performance in recent years has been average.

Luo Minghua had not handled this matter. He did not hang up the phone. He asked on the landline and immediately replied to Mr. Fang: "About 120 million."

"Well, it's not expensive." Fang Zhuo did not ask whether there was a discount. After thinking about it, he gave a suggestion, "The matter on Changhong's side is more complicated. Secretary Luo, Changhong's decision to go to Luzhou still needs my promotion. Wait for my news."

"In addition, Changhong's current situation is quite bad. If it can't come up with 120 million for a while, can the bank approve a batch of loans?"

"From my personal experience, Changhong wants to upgrade its technology in the direction of LCD, and there will be very good prospects in the future. I hope our city can consider it carefully."

Luo Minghua was silent for only a few seconds and said decisively: "Mr. Fang, this is a good thing! The loan can be discussed. The city is absolutely willing to let Changhong come to Luzhou."

Such a statement did not surprise Fang Zhuo. Gu Zoujun of Greencore had no room for maneuver and it was impossible to keep his holdings. It would be most beneficial to use such shares for positive alliances.

Fang Zhuo chatted for a few more words before hanging up the phone.

The issue of shares depends on the efforts of Luzhou, and we will slowly release positive signals in the next few days.

On February 12, Sina.com published a news article, mentioning that Mr. Fang Zhuo, the richest man in the country, arrived in Chengdu yesterday to investigate the investment environment and participate in the entrepreneur exchange meeting.

On this day, Changhong stock opened at 7.53 yuan, closed at 7.75 yuan, and traded 1.6509 million lots.

On February 13, "Sichuan Daily" and "West China Metropolis Daily" both reported the news that Fang Zhuo, president of Yike, came to Chengdu for inspection, introducing the growth experience of the newly-crowned richest man in the country in a large space and praising his business talent.

On this day, Changhong stock opened at 7.75 yuan, closed at 8.23 ​​yuan, and traded 2.8022 million lots.

On February 14, Mr. Fang Zhuo, the richest man in the country, arrived in Fucheng and visited Changhong's production base accompanied by Changhong Chairman Ni Runfeng, praising the color TV king for its undiminished style.

On this day, Changhong's stock opened at 8.23 ​​yuan, closed at 8.62 yuan, and traded 3.0645 million lots.

On Thursday, February 15, the country's richest man, Mr. Fang Zhuo, accepted a joint interview with multiple media outlets and officially announced that he would replace APEX as Changhong's partner in the United States and further expand the overseas market for Changhong's products.

On this day, Changhong's stock price rose directly to the daily limit, and the trading volume soared to 4.7 million lots.

In the following two days, because of the Saturday and Sunday holidays, Changhong only rose by one daily limit, breaking through the 10 yuan mark. The closing price on Friday, February 16, was 10.42 yuan, which was 38.3% higher than the 7.53 yuan on the 12th.

All those who bought the stock believed that Changhong had a bright future and believed that Changhong would continue to soar when the market opened on Monday.

At its peak, Changhong's market value was nearly 60 billion yuan, but now it is less than one-third of that. With the resolution of APEX's problems, everyone believes that Changhong's overseas strategy will greatly improve the company's operating conditions.

On February 18, Sunday, the stock market was closed.

Changhong Electric Chairman Ni Runfeng held a board meeting at the headquarters in Fucheng to discuss Changhong's acquisition of 20% of Luzhou Meiling's shares and the direction of the company's technological upgrade.

He just briefly described the situation, and the faces of the people in the meeting room darkened.

"I think Changhong's acquisition of Meiling is a rare opportunity. It not only gives Changhong an entry point for transformation into white goods, but also prepares for the upgrade of LCD technology. What do you think?"

Ni Runfeng finally summarized and asked for opinions.

Group Vice Chairman Mu Wenrui saw that no one spoke, and he slammed the table directly: "I don't see who can agree to the acquisition decision! Nonsense! It's nonsense!"

He cursed: "Ni, do you think you can do whatever you want just because you got the richest man in the country as a foreign aid? You are selling out the interests of the company! What do you want to do? You want to transfer the company's technology to Luzhou! I think you don't want to be the chairman anymore!"

Ni Runfeng frowned.

Before he could refute, the other directors started to curse indignantly as if they had heard a horn.

I don't agree, absolutely not!

Don't try to pass this decision that sells out the interests of the company at the board of directors of Changhong Electric!

Ni Runfeng wanted to argue with reason, but he had no chance at all, because the directors scolded and reprimanded him, and then slammed the door and left, expressing strong dissatisfaction and firm attitude.

At noon that day, the news of Chairman Ni's attempt to go against the grain spread throughout Changhong and Fucheng. Many people thought that Chairman Ni was crazy, and some people speculated that this was an exchange of interests between Chairman Ni and Chairman Fang.

In the afternoon, the leaders of Fucheng called a meeting with Ni Runfeng and a group of senior executives of Changhong.

Deputy Chief Zhao Yong presided over the meeting, and other city leaders also attended the meeting. They listened to the dissatisfaction of Changhong executives with Chairman Ni, and expressed Fucheng's administrative attitude, which was not to recommend Changhong to acquire Luzhou Meiling's shares.

Zhao Yong meant that Changhong itself has not been done yet, and just got good news from overseas, so hurry up to digest and improve, do your main business well, and don't mess up.

As for the upgrade of technology direction, LCD can be used as an important reference direction, but the accumulation of the company's own technology must also be fully considered.

Is plasma really completely without a future?

Can LCD technology really completely overwhelm plasma?

Is it possible to develop both at the same time?

In short, we need to talk and discuss again.

The administrative leaders expressed their opinions, and the directors and executives collectively opposed.

Ni Runfeng did not resist, and silently accepted everyone's criticism and accusations.

When I came back today and opened the backstage, I saw that 40,000 words of the previous text disappeared... Good guy, I think I can consider the beginning of the new book. If there is any force majeure, it means that Mr. Fang will die before he starts his business.

Chapter 462/1468
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Reinventing the MillenniumCh.462/1468 [31.47%]