Chapter 167 Indian Fairy 1
In fact, fairies are also a little sad. Although the domestic market is large, they can't accommodate the investment of fairies. The betrayal is a little, but there is also a reason why things happen. We can't just rely on the unreliable tree in China. Fairies have never given up national interests, but who gives them to the fairies at the most critical moment? Pressed!
Since March 20, 37, Fairy transferred a large number of staff from the company's headquarters, electronics companies and new materials company, and sent two male children from the family, together with their wives, under the leadership of Jiao Dongfeng, general manager of the southern branch of Xincai Company, successively entered India in less than three days. In the time, nearly 100 fairies have entered the hot India; four days later, they began to receive an electronics company and a new materials company near Mumbai, officially opening the prelude to fairies' large-scale investment in India. On March 24, the news headlines of several remaining newspapers in India were titled "Fairy Enters India" and "China Enters India" and widely reported on the Fairies's acquisition of Japan's Matsumoto Company, a wholly-owned company, Kitagawa Electronics, in Mumbai, and the acquisition of Japan's Shijia's new materials company in Mumbai, Changhai. China's legendary company has started its "Journey to India"! Major media have serialized the legendary experiences of fairies, and there is information about fairies everywhere on the Internet. At the same time, the legendary combination of the Li family has been deeply concerned by Indians. Since this day, Indians have never left fairies in their comments. On April 23, when another new material company was acquired by fairies, Indians began to get used to it. Everyone has quite known about fairies. It has become a very common and deserved thing for such a huge company and such a magical company to come to India. A sense of pride also arises from this. Indian society began to fight out of the economic crisis from morale, and with this war, fairies continue to invest. The rumble of the drums!
Likang and Xiaokang and their wife came to India on March 20 with more than 30 fairy staff under the leadership of Jiao Dongfeng. The accompanying staff included information personnel, translators and other professionals, senior employees of electronics companies, and senior employees of new materials companies. They are all advance personnel. The four members of the Li family came to India as "interns". Because they are all relatively young, they have not been appointed as independent members. Before leaving, they are repeatedly asked to follow the arrangements of the supervisors, and the highest leader of the whole team is the general manager of Shenwei Company. Xiaokang and Jiao Dongfeng are relatively familiar with each other. They have been working together for many years. They know that the ability of this old man is quite excellent. Otherwise, he would not have been able to govern Shenwei Company in an orderly manner, let alone be appointed by the headquarters as the top person in charge of this trip to India. For the four children of the Li family who accompanied them, no matter which system they came from, no matter which system they came from, no one dared to take it lightly. The people from this magical family are not weak, which has become a unified understanding in society. For the magical and third-level headquarters boss, whether it is Jiao Dongfeng or the employees of other departments, everyone admires him from the bottom of their hearts. Some people even call him a "divine man", and can the children of the Li family appointed by him be vulnerable? What's more, many people have experienced the ability of these young people. It's strong. I admire it. Because each person's responsibilities and subordinates are different, the four young people of the Li family have not received much preferential treatment, because there has never been a precedent for Li's children to point fingers in the fairies!
Mumbai is hotter than Guangzhou. This is the unanimous feeling of everyone after getting off the plane. Out of the airport waiting hall, the receptionist arranged by the company is already waiting for them, and the large-scale Chinese crowd like them is easy to confirm, especially in the economic depression. The tourism industry has basically stopped, but the staff still checked their identity according to the procedures. Come to the hotel where you stay, and then carry out all kinds of preparations. Most people come to India for the first time, especially as a working person. Although they are not very familiar with India and do not know much about it, since they have been sent to India, everyone has made considerable preparations. They come to India as representatives of fairies to contact Indian society, not to speculise in India, but to participate in India's economic life. From the person in charge to the most basic employees, they are strictly required to understand the basic situation, customs and so on in India. With the help of the company's huge consulting and collection ability, the work in this area is also very detailed, at least everyone feels useful at work.
Although I have learned the current situation of Indian society and the seriousness of the economic crisis here, I didn't realize the huge difference between India and China until I saw it with my own eyes. Whether from Shanghai, from Guangzhou or Beijing and Tianjin, or even from other regions, everyone feels that the depression in Mumbai is a real depression! As an international metropolis, she has completely lost her prosperity and prosperity. There are few pedestrians on the streets and fewer vehicles. Only their cars gallop by, and even the traffic lights are listless. Most people can't stay at home. Even those who see them at the corner are homeless wanderers. This makes everyone realize that India has really become a hot place! The people in charge can't help shaking their heads and smiling bitterly. The boss is really good at picking up a good place. India is not only hot, but also really waiting for fun... Fortunately, they are not ordinary people, but fairy employees who shoulder heavy responsibilities. In any case, the headquarters will not let them live on the streets, and it is impossible for them to suffer. Hungry and hot, and with this guarantee, everyone is not so worried. They just saw the life of ordinary people, and soon saw some lives of non-ordinary people. Occasionally, no one dares to bet that the owner of the car is a poor man or an unemployed worker, and those who go in and out of the restaurant karaoke are, needless to say, they are rich, of course. Except for those dancers, there are a large number of rich families living in the hotel where they stay, which is discovered by the intuition of rich people... Such a huge contrast makes everyone speechless. Perhaps India is really a huge gold mine, which is worth mining by fairies. When you come, work hard and clean up your feelings. The fairy's Indian staff will soon enter the working state!
Individuals cannot represent the whole society. Individuals are rich, which does not mean that most people can live a decent life, and the seriousness of India's economic crisis is indeed not generally serious. Economists from all over the world have commented that India is indeed a "economic mess" country. This can be clearly seen from the bankruptcy of many companies and a large number of international companies competing to flee. At least seven of the ten international companies are eager to escape. As long as the price is right, these companies whose assets are seriously shrinking, no matter who the buyers are, they can get rid of their hands, and even willing to take action at a lower price. What drags down these companies is not only the seriously shrinking company's assets, but also a large number of debts that can't be recovered. More importantly, there are also a lot of arrears that need to be repaid, and a large number of company employees have to support. Usually, these employees, especially those senior employees, are the company's priceless treasure and the creation of the company's huge profits. But now, it has become a burden that they can't get rid of!
The companies that Fairies negotiate acquisitions have such characteristics. First of all, these companies are all companies that can be used in the fairy's layout, mainly concentrated in the three fields of electronics, new materials and biotechnology. They are all the old business of fairies. Secondly, these companies are all international companies that are eager to get rid of their hands, and try to avoid acquiring local Indian enterprises. If they are unwilling to sell, the fairies are also embarrassed to force them, "strong melons are not sweet", and the price will not be low. The fairy knows this kind of thing best. In addition, these companies must have strength, that is to say, these companies are not weak in technology in the Indian market and the international market, and the size of the company itself is not small. It is better to have the industries under the large companies in the industry, which is also exciting to negotiate. Fourth, these companies can have debts, but they can't have too much debts. At least when acquiring, they should erase some of the arrears. Fairies come to make money, not to deal with international rivals. Not only that, fairies also need to keep some of their financial funds, but it is also the consistent style of fairies. If you can't arrive in India, you won't abide by it.
The acquisition activities launched by Fairy Company have been cooperated by the relevant departments of the Indian government to a considerable extent. First of all, the two sides need to cooperate financially, and the Indian government is also willing to cooperate with the fairy. Fairy is the only card that the Indian government can play. In "work", the people in charge of the world's largest companies find that the cooperation between the Indian government and the fairies is surprisingly good, not generally good, which makes them suspect that this is a trap made by both sides. Secondly, in the company's activities, fairies also need the cooperation of the Indian government. During the economic crisis, all production activities are monitored by the government. Without the government's production license, production and operation cannot be carried out. At this point, the Indian government is very straightforward. Isn't the fairy going to start production, as long as you can sell it? As long as you can start work, as long as you take back the workers as much as possible, even if it is only acquired today, you can start work tomorrow, or even today, without the specific notice from the government. Of course, the fairy is not without return. The company promises not to lay off workers, recalls some workers at the same time, and recalls all the original company's personnel to the company once needed, so as to reduce the government's relief burden. That being said, fairies are not stupid. It is not enough to really start production and sell the produced products. It takes at least half a month to understand the situation of each company, and this is the fastest thing they can do. On this point, the Indian government also understands whether the fairies are dealing with it or not. Experts are very clear that everyone can see that the market channels need to be unblocked, personnel need to be rectified, and all kinds of figures need to be recounted...
Companies in the Indian market have suffered heavy losses. It is definitely not a lie, but a real thing. The assets of many large companies have shrunk by more than 70%, from hundreds of billions of yuan to less than 100 billions, and even 75% or even 80% of the shrinkage are everywhere. There are countless large companies on the verge of bankruptcy. Count. What worries large companies is that a large amount of arrears have become dead debts, or it is difficult to recover. It is difficult to recover what is due. Those that are not due do not dare to be included in the company's financial budget at all, and there are a lot of debts waiting to be paid. As a large company, unless it goes bankrupt, the debt must be repaid, but the arrears are not necessarily. There is no hope for dead debts. If it does not mature, it will not come back now, and there is no certainty in the future. In case the other party's company goes bankrupt at that time, it will not come back for a penny, or it will not go bankrupt, and it will be the mess of Indian society. Potential, can you come back? Therefore, big companies live like a year, and most of these big companies acquired by fairies have such problems!
Beichuan Electronics Company, which was "robbed" from Matsumoto, is a very important subsidiary of Matsumoto in India. Before the economic crisis, its assets were nearly 400 billion yuan, and it was a very top-ranked single company in India, but the economic crisis made this company Assets have seriously shrunk, and the assets have been less than 100 billion yuan. Beichuan Company has a lot of arrears, which, according to statistics, have reached nearly 80 billion yuan, but some of these arrears have become dead accounts, and the rest are not favored by experts. In addition, the company still has 50 billion yuan of debts. Although some of them are long-term, the longest is no more than two years. At this point alone, he has at least tens of billion yuan. Yuan's debt exists. Beichuan Company is characterized by the company's large number of book funds, up to 62 billion yuan of book funds, making it one of the companies with more book funds among the international companies in India. The company has a lot of money, which is her advantage and also a very serious disadvantage. Because Japan valued the Indian market and cherished its reputation as a major South Asian country, there was no large amount of flight funds at the beginning of the economic crisis, and it was said that only 20% was withdrawn. However, the severity of India's economic crisis far exceeded people's expectations, making Beichuan Company a problem for Matsumoto. Due to the company's abundant book funds, Matsumoto headquarters has no reason to lay off a large number of workers. Since the economic crisis, it has eaten a lot of money every month, which makes the Japanese who are in urgent need of funds at the headquarters distressed! India is obviously a gold-selling cave and a bottomless hole. On the other hand, the headquarters is extremely short of funds, especially when the whole country unanimously attacks China. These funds are particularly important. Therefore, as soon as the fairy came into contact with the world's second brother, Matsumoto immediately expressed a strong interest. Who is the fairy and what is her ability? Matsumoto is very clear. There is no need to be pretentious. One side is eager to leave, and the other side intends to buy, but the price is a big problem. The two companies were originally competitors, and now they don't like each other, but they have their own plans. The focus of the dispute between the two sides is on the price. Matsumoto asked the fairy to pay 100 billion yuan, but the fairy ignored it at all and said that she could only pay 500 yuan.
Both sides go back and forth from arrears to debts, and then to book funds. Matsumoto believes that most of Beichuan's arrears can still be recovered. Even with a 40% discount, it can recover 35 billion yuan, and the total debt is only more than 10 billion yuan left. However, the fairy thinks so. Because part of the debt has become a dead account, it can't be recovered at all, about 20 billion yuan is only 10 billion yuan. % of the recovery possibility, the remaining 40 billion yuan, up to 40% of the recovery possibility. In this way, only 18 billion yuan can be recovered, and the total debt has reached more than 30 billion yuan, more than twice Matsumoto's estimate, so the two sides stick to each other's words and do not give in to each other. Matsumoto said, "Do you still want it, or I won't sell it?" The fairy said, "Don't worry, the current arrears are due, maybe you can recover all of them, and pay the April salary by the way!" The two sides do not compromise with each other. In this regard, fairies are more active. They have their own funds and are the active party, but Matsumoto is different. Not only is there a shortage of domestic funds, but they also spend a day's expenses to stay here for a day. The company's headquarters is eager to weaken the strength of the fairy's company in China. It also fantasizes that the continuous deterioration of India's economy can hold the fairy back. Even if it can't drag her to death, it will drag a large amount of her money and reduce the resistance to future competition, which is a big strategic problem. The fairy is naturally clear about this, so she also bet on some large companies in the world. The fairy wants to increase her strength and weaken the strength of her competitors, and she is not stupid. What she fights is to drag down her wishes. It's just a passive, and the other is active!
Fairy actually prefers to acquire large Japanese companies, because Japan is attacking the Chinese market. Needless to say, companies without money can't play at all, and they don't worry about the non-cooperation of these rivals; and Japanese companies are also worried that in case of immortality If a woman goes to cooperate with an American company, they won't get anything. At least they can't get a bigger advantage in the confrontation with the fairy Chinese company. The fairy was still insatiable. The negotiators who were used to reaching out had to intercept some of the book funds, which made Matsumoto even more angry. For this problem, the two sides quarreled endlessly. The fairy said, "According to the company's practice, part of the book funds must be left". For the fairy's proposal to stay at 20%, Matsumoto's negotiators shivered as soon as they heard it, which was too cruel. Is this "exclusive convention" the "fairy's invention"? They don't agree with the fairy's proposal. "It's up to the government to decide." Of course, this is impossible. In case two, one adds five, won't you lose more?
On March 23, the negotiations that lasted for half a month finally came to fruition. The agreement stipulated that the fairy would pay 70 billion yuan to Matsumoto, pay half of it in advance, and pay the remaining funds before September 24. Among the book funds of Beichuan Company, Matsumoto took 560, and the rest were used for the company's "daily adjustment fee". In this way, after paying the advance acquisition funds, Matsumoto left the Indian market with 91 billion yuan. In order not to make the book capital of Beichuan Company out of space, the fairy borrowed an extra 10 billion yuan when she took out a loan at Deutsche Bank and immediately added it. The staff of Matsumoto's headquarters have not left yet. The fairy employees have entered various departments of Beichuan Company and implemented the bottom reception. While receiving, these staff are praying for Matsumoto to leave something to blackmail them fiercely. Unfortunately, Matsumoto is worthy of being a big company that has been working internationally for many years. I didn't let the picky fairies catch a handle, but it's okay to "sincerely cooperate" with each other!
At the same time as the acquisition of Beichuan Company, Fairy also contacted and negotiated with Shijia Company. The situation of the two companies was similar, and the losses were very heavy, and the book funds were amazing. Compared with Beichuan Company, the shrinkage of Shijia Changhai is more serious, reaching about 80%, from a large company with assets of 350 billion yuan to a large company with only 70 billion yuan, which makes some of the staff of the fairy feel very incredible, which can be called the company's biggest loss. Of course, that Except for some bankrupt companies. Although Changhai's assets are small, its book funds have reached more than 76 billion yuan, more than the company's assets. At the same time, it also owes more, reaching more than 90 billion yuan, and its debt is more than 40 billion yuan. The fairy reported a quotation of 60 billion yuan and an interception request of more than 6 billion yuan. This is the bottom line of the fairy. The two sides have been arguing for a long time. In the end, Shijia, which is unwilling to struggle in India's already small market, agreed to the fairy's request. The reason why Shijia accepts such harsh conditions is that on the one hand, Changhai Company spends a lot of money every month, and because it is impossible to make money at all. Although those arrears are not dead debts, most of them have been unable to recover. Moreover, under the current situation, the Indian market is too small, the European market cannot enter, and the competition in the Far East is too fierce. At the same time, the reserve capital of Shijia's headquarters is not much. Although it once got some money to sell from fairies, it was soon spent, and capital investment was soon needed in the European market. Giving up India has become a strategic contraction of Japanese companies.
When the fairies entered India, it was just in time for Japanese companies to shrink the difficult Indian industry. It has become a trend for Japanese companies to give up India. Not only large companies leave, but also some small companies have sold them to some rich people in India. In these two investments, Fairy paid a total of 65 billion yuan in acquisition funds and the same amount of contract funds, injected 20 billion yuan, and acquired two large Japanese companies with original assets of more than 700 billion yuan, which attracted widespread attention from Indians and became the most eye-catching economic event in the world at that time!
The shock brought by the fairy to the Indians was continuous, one wave, and another wave, and this time, she gave the Indians a greater shock. On April 23, a month after Fairy acquired two Japanese companies, she invested in the acquisition of a new material technology company in India with an investment of 60 billion yuan, which is a big concern for Indians. Before the economic crisis, Ji Ke Company ranked fifth in the world in the industry. It is the national pride of Indians. Its assets are only 20 billion yuan less than that of Fairy New Materials Company, which is equivalent to only 4 billion US dollars. According to Indians, if Ji Ke is trying hard, she will leave the fairy behind (at the same time, India also put China behind it). There is a certain saying. In 33 years, the difference between the two companies was 220 billion yuan, and in 35 years, the difference was only 20 billion yuan, but it was close to the end of the world. The first two companies were connected in July 35 years, but only a month later, they were far from each other. One went to the top of the list. The other fell out of the top five in the industry and fell to the seventh place in the world, with a gap of 650 billion yuan. Can this not shock Indians? Of course, the shock is shocking, and there is no way to disrespect the facts. At least the critics have said a fair word that the fairy acquisition (Ji Ke's branch) is "saving Ji Ke", and only fairies can save this big company.
This day is an unusual day for some people. Indians can give applause and encouragement to the fairy's acquisition of Beichuan Company and Changhai, but they can't accept that this Chinese company accepts the Jido Company, which they are proud of, because Ji is a pride in their hearts and can't be fought. Sheng's national self-esteem, and even protests have been launched on the Internet in India. People are indiscriminate and blindly vent their dissatisfaction. There are protests everywhere on the Internet, reports on Ji Ke's financial situation, and various digital comparisons, but in any case, many Indians can't accept this reality!