Chapter 653 Clearing the Obstacles

Xentong International and Charming Semiconductor, both under Huijia Group, will definitely purchase equipment from Bolong Optics in the future. Anyway, Bolong Optics’ high-end lithography machines will be mass-produced in a few months.

But this time difference is also necessary to strive for.

The only way to buy time is to acquire microelectronic equipment, integrate the advantages of the two companies (Bollon Optical and Microelectronic Equipment), and quickly form economies of scale.

From this perspective, the success of the acquisition of microelectronic equipment is the prerequisite for the smooth cooperation between Huijia and Nikon.

"The acquisition is not a big problem. There should be news from Summit Capital soon, probably no later than tomorrow."

Yang Hu promised to give a reply within three days that day, and Kitahara Kurasuke hinted that Nikon was one of the big guys behind Peak Capital. Hu Yang was very confident in what he said.

"Mr. Hu, microelectronics equipment is currently facing pressure from North America. If we acquire it, will it involve Braun Optics?"

Dai Xiangjun raised this issue very carefully. From his heart, he didn't really want to be another drag.

According to the progress of Bolong Optics, there are still a few months to achieve mass production of high-end lithography machines, and it is not necessarily necessary to acquire microelectronic equipment.

After hearing these words, Meng Rusong couldn't help but shook his head and said:

"Mr. Dai, I disagree with your point of view. Even if microelectronics equipment does not have much outstanding technology, just a double workbench will require you to work hard for at least five years.

Can't you see the situation clearly now? There is no such thing as being involved or not. North America's suppression of the domestic semiconductor industry is a long-term process that will not change just because of one incident. I can say this, if microelectronic equipment fails

Now, the next one is Bolong Optics."

Hu Yang glanced at Dai Xiangjun. This guy's skills were pretty good, but he always lacked a sense of the overall situation. However, he kept following his own pace, so he shouldn't be too harsh on him.

"Mr. Hu, what should I do with my current order? Charming Semiconductor has been expanding its production capacity, and there is still a large number of production equipment that needs to be ordered."

Huang Tao, who had been silent for a long time, now raised a question. Charming Semiconductor still needs to order photolithography machines for its new factory. But with the current situation of microelectronic equipment, there is no guarantee that the other party can deliver the goods on time.

"Mr. Huang, the orders that need to be placed are still the same. I estimate that there will be some delays in the delivery of microelectronic equipment, but it won't be too long."

Hu Yang smiled at Huang Tao and told him not to worry too much.

Then he said to Zhang Xiao and Xu Younian:

"Mr. Zhang, you are responsible for the negotiation with Nikon. The other party wants to join our supply chain. If the conditions are right, it will be a win-win result.

Mr. Xu, I still need you to worry more about the production and R&D base in Beijing. You and Mr. Dai will discuss it later. The company's independent research and development cannot be stopped, and the spare tire plan must be implemented for a long time."

Zhang Xiao has been busy recently with the establishment of a new supply chain. Now that Nikon has taken the initiative to come to the door, it is most appropriate for him to be responsible for negotiations.

Xu Younian and Dai Xiangjun each have their own jobs, but one thing is very important: the company's core technology research and development cannot be relaxed.

"Mr. Hu, your idea is very good. We need to learn to walk on two legs. Although Nikon is now actively seeking cooperation with us, it remains to be seen how long this cooperation will last."

Meng Rusong is fed up with the arrogance that key equipment and technology are controlled by others. He shares the same view as Hu Yang that core technology must be in his own hands to be safe.

Hu Yang nodded and smiled slightly at Meng Rusong.

Lao Meng still understands his own thoughts.

The meeting was basically over at this point. Just when Hu Yang was about to announce the adjournment of the meeting, he saw Wu Xinhui knocking on the door and walking in.

"Sorry, Mr. Hu, excuse me. Mr. Yang from Peak Capital has been here for a long time and is still waiting for you in the reception room. Do you think?"

When Yang Hu called, Hu Yang was in a meeting. Wu Xinhui asked him to contact him later, but he arrived at the International Building not long after.

Wu Xinhui didn't want to disturb Hu Yang, so she asked Yang Hu to wait in the reception room for more than an hour.

Yang Hu had asked several times when the meeting would end. Wu Xinhui was really annoyed by the other party, so she came to Hu Yang.

"Everyone, that's it for today's meeting. Everyone will take active action later. Assistant Wu, go tell Mr. Yang and I'll be there right away."

After sending Wu Xinhui away, Hu Yang and Zhang Xiao chatted a few more words, and then came to the reception room.

"Mr. Hu, did you delay your meeting? I'm a little anxious here too, and I need to explain something to you."

Yang Hu came here mainly because of Kitahara Kurasuke's affairs.

To be honest, he and Wu Zunyou were both fooled by the big boss behind them in this matter.

Neither he nor Wu Zunyou knew the true identity and purpose of Kitahara Kurasuke. Who knew that this guy was actually from Nikon, and he suddenly felt that he was a head shorter than Hu Yang and Director You.

Before he even bothered to explain to Director You, he first came to see Hu Yang.

Hu Yang smiled, patiently listened to Yang Hu's explanation, and accepted his apology.

For the time being, microelectronic equipment has not suffered any damage. Kitahara Kurasuke is very smart and has not been exposed to technical matters at all during this period.

However, the people recommended by Summit Capital are so unreliable. If they want to win key positions in the company in the future, I am afraid that neither Hu Yang nor Director You will agree.

Therefore, Populus euphratica lost face to Yang Hu.

"Mr. Yang, let this matter be over. But I don't know Director You about the candidates you recommend in the future, but I will definitely strictly control them."

Face must be given, and ugly words must be spoken beforehand. It is impossible for Populus euphratica to have no attitude at all.

"Hehe, that's it, that's it. Besides, there might be further cooperation between us. I can't keep slapping myself in the face, right?

Mr. Hu, I heard that you are about to discuss cooperation with Nikon? We have also discussed it, and it is really difficult for us to express our position on matters involving Nikon in the future. I have a new plan here. See if you are interested.

?”

Although Summit Capital has a Japanese background, Nikon is not the company’s major shareholder.

Otherwise, it would be impossible for Yang Hu and Wu Zunyou to realize this matter only now. In order to appease these two agents, the big bosses behind the scenes stated that they would not pursue their mistakes in investing in microelectronic equipment, nor would they interfere with them.

For the disposal of this part of the equity.

Yang Hu and Wu Zunyou discussed it and quickly implemented the new plan proposed by Wu Zunyou, which was to mortgage this part of the equity to Hu Yang and then borrow some funds from the Huijia Department.

In this way, you can not only replenish some cash flow, but also avoid being caught in the middle and suffer the consequences.

"Mr. Yang, your and Mr. Wu's ideas are quite interesting. However, if you mortgage this part of the equity to me, during the mortgage period, I will perform the duties of a shareholder on your behalf. What does this mean? You must be very familiar with it.

Clear, right?"

Hu Yang did not originally think that the acquisition of the shares of microelectronic equipment held by Summit Capital would go smoothly.

The tender offer was just a gesture. Unexpectedly, Summit Capital gave itself a surprise.

The equity mortgage period is at least one year. During this year, this part of Pinnacle Capital's equity will be held by Hu Yang on his behalf.

Therefore, Hu Yang specially emphasized it.

Yang Hu smiled bitterly and shook his head and said:

"Mr. Hu, I understand everything you said. Even if you want to increase capital and expand shares during the mortgage period, that's up to you.

But one thing is that the rights and interests of the original shareholders must not be infringed. You can raise funds at a premium, but you cannot raise funds at a discount."

Yang Hu doesn't worry about other things, even if it dilutes Summit Capital's shares in microelectronic equipment, it doesn't matter. The key point is that shareholders' rights cannot be diluted. He also hopes that premium financing can raise some stock prices.

"Okay! Mr. Yang, let's start negotiations as soon as possible."

Hu Yang has put a lot of effort into acquiring microelectronic equipment. Now that things have reached this point, there is no reason to drag it out.

Therefore, he readily agreed to the principle plan proposed by Yang Hu.

"Thank you, Mr. Hu! I won't stay any longer. I will go back and prepare now. I will send someone over tomorrow morning and try to finish this matter within a week."

Yang Hu didn't hesitate and stood up to leave.

Now that the two sides have reached an agreement in principle, it is estimated that it may take less than a week to sign a formal agreement.

Hu Yang asked Wu Xinhui to send Yang Hu out. He first called Xia Bing and told him about the situation.

Then Wang Qingquan was asked to come to the office.

Anyway, it is a pledge of equity, not an equity transaction. Hu Yang is ready to sign an agreement with the other party in the name of Huijia International Investment.

The principle of this matter has been decided, leaving only some details. Hu Yang did not want Xia Bing to make another trip, so he asked Wang Qingquan to come forward on behalf of the company. Anyway, Wang Qingquan still held the title of deputy general manager of Huijia International Investment.

At present, Huijia International Investment has 44.184 billion yuan in RBM and more than 10 billion Hong Kong dollars in its books, and its cash flow is very sufficient.

"Mr. Hu, now that the stock price of microelectronic equipment is so low, how much money can we lend to the other party? Even if we borrow hundreds of millions, Peak Capital cannot do it."

The only thing Wang Qingquan was unsure about was the loan amount given to the other party.

Hu Yang thought for a while and said: "Peak Capital has pledged all their equity to us, and the price will be calculated at up to twice the net assets, which is more than 4 billion. Well, you can negotiate with them first based on 4 billion

Well, the maximum cannot exceed 4.5 billion yuan."

Summit Capital currently holds 101.4 million shares of microelectronic equipment. Based on a net asset price of 22 yuan per share, the total value is 4.4616 billion yuan.

But if calculated based on the current average market price of 12 yuan, the total value of these shares is only 1.2168 billion yuan.

There is a big difference between the two.

Wang Qingquan hesitated for a moment, then reminded: "Mr. Hu, if you borrow money from Peak Capital at twice the price of your net worth, then they will most likely take the money and run away."

Before, the stock price of microelectronic equipment had not dropped to this level. Summit Capital and Nikon had an equity transfer agreement. At that time, the transfer price of this part of the equity was 5.2 billion yuan.

Of course, since this time, everyone has known that Peak Capital has a Japanese background (actually Nikon), so the previous agreement will be questioned.

Now that Hu Yang has agreed to Pinnacle Capital's equity mortgage loan, which can borrow up to 4.5 billion yuan, Wang Qingquan suspects that Pinnacle Capital will take the opportunity to run away.

Hu Yang smiled and said, "Isn't that good? Okay, just do it. Now you can quickly select a few people to form a negotiation team, and they will come to negotiate tomorrow."

Hu Yang did not explain in depth, but Wang Qingquan suddenly realized that it was his shares that the boss was interested in.
To be continued...