Chapter 374 Acquisition of “Udafen” Dairy Industry

"I want to acquire a dairy company. It doesn't have to be very large, but it must have a good reputation. Mr. Zhong, I still plan to entrust your company to do this. How about it?"

Mergers and reorganizations may not necessarily be Zhong Wuxi's strong point, but he has a deep network of local connections. The key is that through these days of contact, Zhong Wuxi is quite reassuring.

Now Zhong Wuxi is needed to provide information and make connections. Hu Yang has many professionals in this field.

At this time, Zhong Wuxi felt as if he had been hit by a big red envelope falling from the sky. He vowed to never betray Hu Yang's trust.

In addition, Hu Yang planned to establish Huijia Holdings (New Zealand) Company, and entrusted Zhong Wuxi to handle the company's procedures.

He reached an agreement with Zhong Wuxiu, and Chen Jialin also ended his trip and returned to Auckland.

"Mr. Chen, your trip is not in vain. Are you ready to have fun?"

Hu Yang glanced at Chen Jialin's dark eyes and the voluptuous secretary following him, and said with a half-smile.

"Ahem, I'm not afraid of affecting your business. By the way, have you finished all your matters?"

Chen Jialin smiled and didn't mind Hu Yang's teasing. He had such a character to begin with, and some things could be known just by looking at the secretaries that changed around him like a revolving door.

"I can't say that I've finished everything here. There may be some things that still need to wait. In this case, I'll ask Assistant Lin to apply for a flight route, and we will return to China in two days."

Hu Yang could not stay in New Zealand forever, and the acquisition of the dairy company could not be accomplished overnight, so he planned to go back first.

The next day.

Hu Yang, Chen Jialin and others went to Queen Street and bought a lot of things. Most of these things are local specialties and can be given as gifts when they return home.

"Mr. Hu, let me ask you something, okay?"

At night, Hu Yang was lying in the hotel room reading a book, and Lin Yan walked in quietly.

"Hmm? Just tell me if you have anything to do."

Hu Yang put down the book in his hand and looked at Lin Yan who walked to the bed a little strangely.

"Do you really want me to come and work in New Zealand?"

"What do you mean I want you to come to New Zealand? You knew I was joking that day. Besides, it's your decision whether to come or not."

"Oh, I understand. Then you can rest and call me if you need anything."

Lin Yan smiled slightly, turned around and walked out of Hu Yang's room.

Hu Yang stared blankly at Lin Yan's back, wondering what she meant. After that, he lost interest in reading and quickly turned off the light and went to sleep...

The next day, everyone started preparing to return. Hu Yang did not leave the hotel and made several phone calls throughout the morning.

"Mr. Hu, you said you wanted to acquire a dairy company, so we have some clues."

Zhong Wuxiu hurried over in the morning, and as soon as he saw Populus euphratica, he quickly told him the news.

"So fast? Mr. Zhong, I remember I told you the conditions for the acquisition target. It's not what kind of company I would want."

Hu Yang felt that Zhong Wuxiu was a little eager for quick success and the acquisition was not a piece of cake, so he responded just after the news was released.

"Mr. Hu, listen to me, I will never dare to fool you."

Zhong Wuxiu quickly explained. Hu Yang listened, and his frown gradually relaxed.

According to Zhong Wuxiu, this incident was really a coincidence. The owner of the small ranch purchased by Populus euphratica had just returned from abroad. He had already received the US$3.9 million transferred to his account from Zhong Wuxiu, so he made a special trip to

Zhong Wuxi's company thanked him in person.

During the chat between the two, Zhong Wuxi accidentally revealed that a client wanted to acquire a high-quality dairy company.

As a result, the original owner of the small ranch sighed. He had a dairy company that he wanted to sell. However, because Zhong Wuxiu's company had never been involved in mergers and acquisitions between companies, he entrusted another brokerage company to help him handle the matter.

However, after such a long time, his small ranch was successfully sold, but no one took notice of his dairy company.

"Mr. Hu, he is planning to sell all his assets in New Zealand and settle in the UK. His dairy company has a history of 30 years, and its quality and reputation are good. However, his dairy company has always been focused on the European and American markets.

Although sales are very stable, the total volume is not large and has always been tepid.”

Hu Yang nodded frequently, knowing that the original owner of the small ranch should be a conservative person. He didn't like to borrow money to expand the scale, and he didn't have any ambitions. It would be better now, just sell all the assets and go to the UK to retire.

According to Zhong Wuxiu, the dairy company named "Youdafen" has only a quarter of its heyday employees and market sales due to the owner's lack of care.

However, the other party's technology, quality control and reputation are all good.

Hu Yang lowered his head and flipped through the information Zhong Wuxi brought without making a sound. Lin Yan had already applied for tomorrow's flight, but things took a new turn.

"Is it far? If it's not far, let's go take a look at noon."

Hu Yang decided to take a look first and then decide where to go based on the situation.

"The production factory is not far away, and it takes less than an hour to drive. However, the milk source of Udafen is very far away, about 180 kilometers away."

In fact, the distance of nearly 200 kilometers is not very far, mainly because the time of Populus euphratica is very tight.

The two of them talked and walked out of the hotel. Hu Yang only took Lin Yan and Li Jie with him, while the others let them stay in the hotel and move around freely.

As for Chen Jialin, he went to visit the surrounding areas early in the morning and probably won't be back until the evening.

"Mr. Zhong, what is the price that the other party is prepared to sell for?"

Although the correct judgment can only be made after evaluating the other party's assets, Hu Yang still wanted to refer to the other party's quotation.

"The whole sale was for US$45 million, and Udafen Company does not have any foreign debt."

When Hu Yang heard this, he understood that the reason why Youdafen did not succeed was because of the conservativeness of the operators. How can you do business these days without borrowing money from banks? How can you achieve great development without borrowing or financing?

A subsequent inspection of the factory also confirmed Hu Yang's guess. Udafen's factory is small and the production equipment is somewhat old. However, the management of the factory is very strict, and the remaining employees of the company still have a strong sense of belonging to Udafen.

.

"Mr. Hu, are you from China? That is really a far away country."

After visiting the factory, the boss of Youdafen, who was also the original owner of the small ranch, invited Hu Yang and Zhong Wuxiu to have afternoon tea together.

"Mr. Kelvin, for me, New Zealand is also a beautiful and distant place. I originally planned to return to China tomorrow, so I will say some things more directly. Please forgive me for any inappropriateness.

I feel that Youdafen Company has lost the momentum of self-development. Although I have not yet visited the company’s milk source, I already have a preliminary valuation of your company. This valuation is far from 45 million.

Dollar."

What Hu Yang said is not nonsense. He has been investing for so many years and can easily calculate some assets that are not too complicated.

According to his estimate, the factory plus the pasture milk source, plus technology and brand, Udafen’s valuation is worth at most US$38 million.

Of course, this is just Hu Yang’s own estimate. When formal acquisition negotiations begin, a strict asset evaluation will be conducted.

"Mr. Hu, on such a beautiful afternoon, let's talk less about business matters. If you are really interested in my dairy company, send someone to formally negotiate. How about a snack, you two?"

Kelvin enjoyed afternoon tea in an elegant way that was difficult for Populus euphratica to understand.

However, Hu Yang did not continue to talk about topics related to Youdafen in the following time.

In the evening, after Hu Yang returned to the hotel, he went to find Chen Jialin.

"Brother Hu, how about you stay a few more days? I'll take a direct flight to Xiangjiang, and it's very convenient to go back to Shenhai."

Chen Jialin felt a little ashamed after listening to Hu Yang's narration. He had almost gone crazy these days, and as a result, Hu Yang was busy with work most of the time.

Hey, this Brother Hu is really a person who never rests.

"The route has been applied for. It will be troublesome to change it. You can take my business jet tomorrow. I have called Mr. Xu to send someone over. They will arrive in Auckland on a Falcon 2000 aircraft. I will take the Falcon 2000 aircraft.

This plane is returning home."

Hu Yang decided to keep Lin Yan, Han Wen and Li Jie, and let Mi Qi and Lu Dacheng go back first with Chen Jialin and others.

"Since you have made arrangements, let's do it."

Of course, Chen Jialin did not need to be polite to Hu Yang, so he took a group of people by plane and flew to the deep sea the next day.

In the afternoon, six employees sent by Huijia Holdings arrived in Auckland.

Hu Yang sent Lin Yan and Li Jie to pick them up at the airport and let everyone have a good rest when they arrived at the hotel before starting negotiations tomorrow.

"Why don't I seem to have seen you before?"

With the development of his career, it was difficult for Hu Yang to call every employee by name. But he basically had an impression of these people at Huijia Holdings. Only one of the six people was a complete stranger to him.

"Hello, Mr. Hu. I am Cao Jianping. I have just joined the company. I used to work for Wanlong International and have been engaged in international mergers and acquisitions."

Wanlong International is the core enterprise of Xijiang Wanlong, and Cao Jianping is one of the best. He came to Yangcheng to apply for a job through Wang Qingquan's introduction, and was chosen by Xu Younian at a glance.

"Oh, so you must be an expert. Behave well these days, and I will tell you Mr. Xu when I get back."

Applications from employees below the middle level of the company will not alarm Hu Yang at all now.

In fact, after the collapse of Xijiang Bandung, many employees were favored by major investment institutions. Unexpectedly, Wang Qingquan and Xu Younian were also quietly poaching people.

The next day, Hu Yang sat in the hotel, and six of his subordinates formed a negotiation team to begin formal acquisition negotiations with Youdafen.

The negotiation process went much smoother than Hu Yang expected. In the end, the two parties agreed to reach a wholly-owned acquisition agreement at a price of US$36.5 million.
Chapter completed!