The failure of use is not accidental, nor is it that there is no strong heart ten opponent at this time. But when facing Hailong General, he is too careless.

Originally, universal was proud.

As early as O-Year, Ford used a bid of $600 million to acquire Daewoo, but the bid was rejected by South Korea. In a fit of anger, Ford gave up his second bid. GM contacted an evaluation company through some abnormal channels.

This appraisal company is like this! At the beginning of the year, it evaluated Daewoo's asset value, which was considered negative. It was between 20 and 3 billion US dollars. Its original value was immediately lower than B3. At that time, General Motors made a offer of between 10 and 2 billion US dollars.

During this period, no company dared to acquire Daewoo, which was heavily in debt, and made South Korea a frightened bird. When General Motors made a offer far lower than Ford, the South Korean government was very afraid that there would be no store after passing through this village, so it agreed.

Of course, there is a more important reason why a large amount of debt continues to "depreciate" Daewoo. South Korean officials also want Daewoo to "marry" abroad and gain the vitality of domestic companies through exhibitions in foreign markets.

General Motors grasped this point well and started "hard and extraordinary" negotiations with Daewoo. There was no too profound method, but the word "drag".

On the one hand, the South Korean government hopes that Daewoo will marry a foreigner as soon as possible, and on the other hand, it does not want to be taken advantage of by the other party. The general mentality is also complicated. It wants to marry a "bride" with the least investment, but it does not want the burden of the "bride" to drag itself down. One side wants to bite the price to death, but the other party wants to make a big deal and lower the price.

In the end, the price was lowered by them to the subsequent increase of $1.2 billion in cash for a period of $400 million in subsequent acceptance of Daewoo debt and other conditions.

But these conditions are too low for the South Korean government.

However, there was no other competitor except General Motors, so South Korean officials had to keep keeping with him. "As long as the price is high, any negotiation is possible.

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"Long before the negotiations with General Motors, South Korea's official made such statements. It can be seen that his intention to get more benefits.

At this time, Hailong Auto appeared.

Although this upstart in the automotive industry is well-known in China, it is not too famous abroad except the United States. However, the general bottom line that Han Jun found from Li Yun can naturally reveal slightly better than general conditions. And the general wrong view leads them to still think that it is an opportunity to reduce prices and thus took advantage of the loopholes by Hailong Automobile.

The ending of the Daewoo acquisition case was beyond everyone's expectations. When people thought that Hailong Auto was just here to disrupt the situation, when people thought that GM would take Daewoo without any suspense. When people thought that Hailong Auto could not "digest" Daewoo Auto," Han Jun told everyone with practical actions. Not only did Hailong Auto not come to disrupt the situation, but the real buyer was still the real buyer!

Just a little bit of a thought, many people think this matter seems to be reasonable.

For many peers, the acquisition of Daewoo Automobile is a bit useless. For example, old European and American companies, whether they have research teams or sales, there is no such thing as Daewoo's original so-called icing on the cake. For some domestic companies, the research team is of course important, but they want to acquire Daewoo. They are a bit tired in terms of funds. They are different from Haixin. Haixin has no other debts before this loan. And Daewoo's research team and various channels are crucial to Hailong.

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General Motors lost the opportunity to continue bidding and acquisition because of Han Jun's fake shot before. The rest of the time was completely Han Jun's "performance time."

The success of this acquisition is not a transaction that can be completed by clearing money and trading. This is a restructuring of a large enterprise, not a vegetable market to buy vegetables.

This time, Fu Jun squeezed out General Motors and obtained the right to acquire Daewoo, the target, and sheep can get ownership without giving money directly. Simply put, Han Jun proposed the acquisition plan that was accepted by South Korea.

Han Jun's conditions were only slightly better than General Motors. However, the South Korean government could no longer afford to "retaliate" General Motors' malicious price reduction behavior. In a very short period of time, it accepted Hailong Auto's offer.

420 million yuan of cash Hailong Automobile will take over the equity of 4 machines to make him the controlling shareholder of Daewoo Automobile. Although Han Jun also claimed a purchase price of 1.3 billion US dollars, because Hailong Automobile allowed Zhou Guomin Bank and other Daewoo Automobile creditors to become shareholders in the form of debt investment, in fact, until the end. Hailong Automobile only spent 420 million US dollars to acquire this behemobile with an actual value of over 10 billion!

From the beginning, it is worth hundreds of billions to nearly seven billion to two or three billions, until now, the value of 400 million Daewoo Auto has been shrinking. It also made Fu Jun understand a truth: a company that cannot survive independently is destined to be led by the other party in future negotiations from the moment it started auction.

If it weren't for Daewoo, unless someone took a small mouth and could have resurrected himself, how could his net worth drop so unbearable?

But if it weren't for his loss to Si Hanjun, he wouldn't have picked this fruit so easily. Of course, at the same time, Han Jun had to shoulder the huge debts of Daewoo Automobile. The US dollar is not a small amount. However, because the National Bank and other creditors used it to invest in Qiang, Hailong actually had not much debts to bear. And when Hailong Automobile proposed to acquire Daewoo, South Korea's banks were also willing to provide low-interest loans to Hailong Automobile. With some loans from the Korean Bank and the support of domestic banks, Haixin was also sufficient in terms of funds.

With more than 400 million yuan of money, although there are many liabilities, Han Jun will not care about that little debt at all because of the benefits. Because the debt will be paid off for one day as long as there is no problem in the operation, Han Jun is confident that he will reverse the current loss situation in a short period of time. However, a mature research team may not be able to buy it with money.

No matter how outsiders view this matter, the senior management of Haixin thinks that if everything goes well in the new company's business, it will be a sure profit and no loss. Of course, the premise is that there is no problem with the operation. () However, no one will doubt Han Jun's business. At the same time, seeing him continue to make progress over the years, Haixin is no longer the private enterprise that was only famous in Binhai.

At this time, because Hailong's bid for acquiring Daewoo Automobile successfully made Hailong Automobile and its parent company Haixin Group a household name. At this time, Haixin can be said to be famous all over the country. Media that thought Hailong Automobile would take action at the beginning stood up and hoped to give them an exclusive interview.

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However, at Han Jun's request, Hailong Automobile kept silent and never revealed any information to the curious media.

Han Jun knew very well what friends they wanted to know.

After acquiring Daewoo, the South Korean government is eager to throw away the burden as long as it is given money. However, to revitalize such a large company, let Daewoo's factories in South Korea and other countries come alive. The sales of the market can be solved overnight. The reporters are full of doubts about what way Han Jun wants to revitalize the huge Daewoo.

Daewoo Auto has many overseas factories. Although this crazy expansion is one of the reasons for Daewoo's final bankruptcy, it is also a huge asset for Han Jun.

With the bankruptcy of Daewoo Auto, these overseas factories have also been suspended one after another. Shandong Daewoo is a representative of China.

About Shandong Daewoo Han Jun has already made a draft.

This factory in Yantai can currently produce motivation in batches, but it is limited to motivation. Hailong Automobile has its own complete motivation production line in terms of performance, production capacity and price. It is very competitive in terms of performance, production capacity and price. It is not necessary to operate a motivation factory independently in China for the time being.

Therefore, Han Jun had already said hello to the provincial government in advance and directly sent Shandong Daewoo to the Shandong government to formulate an authorized factory to sell Daewoo at home. This can effectively avoid the unnecessary consumption before. Although Daewoo had gone bankrupt before, the quality of the product should be placed there and sold it should not be a problem.

It also promises that if the factory has good business conditions, Hailong Automobile will give priority to acquiring this company in three years! At the same time, as long as their production motivation does not have quality problems within three years, if they encounter sales difficulties, Hailong Automobile will also help them digest part of the production capacity. Of course, Han Jun does not hope that such things will happen, although Hailong Automobile has not relaxed its research on new cars for some time.

This treatment method is only aimed at the original joint ventures in China. The real highlight is the many factories in South Korea. However, Han Jun's treatment method of Shandong Daewoo has also become a powerful reference for dealing with many factories in South Korea.

Because Hailong Auto is in a large scale, it is impossible for him to have many overseas factories like General Motors or Daewoo. Hailong Auto's overseas factories are only one in Michigan, USA. Hailong does not have a large number of management teams. Although there is no pressure on funds, the pressure on personnel will be too great! If all the original teams are used to continue to manage, will they have various private frauds? The situation of custody and theft in a short period of time Han Jun was not sure about everything. After all, there are too many!

Therefore, the practice of "flying a kite has become Han Jun's choice!

For example, Fuping, South Korea

If Hailong Auto completes its acquisition of Daewoo, Fuping Factory will become an independent company and is temporarily named "Fuping Automobile Company will supply complete vehicles to Hailong Daewoo within the next three to six years. That is to say, it will become Hailong Automobile's special vehicle processing factory.

Hailong Company agreed with the National Bank and other creditor groups that if the Fuping factory can maintain high productivity, it will officially acquire the Fuping factory within the next three to six years. A person in charge of the acquisition of Hailong said: "If the labor and capital of the Fuping factory work together to make the factory production enter a normal entry as soon as possible. There is no way to stop us from acquiring the sixth as soon as possible." However, everyone knows that the dish is a cliché. Han Jun will not express any opinions on this. He is just happy to see it happen.

In fact, Han Jun also knew that this was the best solution. That is, there was no need to worry about personnel problems. At the same time, he could indirectly stimulate the vitality of the original management. If they were willing to play themselves to death, Han Jun would not stop him. If they were well managed, Han Jun would have time to observe their person in charge in these three to six years. If it was available, he would accept him into the middle-level management team. If it was not available, three to six years would be enough for Han Jun to find a better replacement.

In addition, Han Jun has another meaning in it. Will Han Jun continue to take over the factory with average performance before Daewoo went bankrupt? The answer is obviously no. At least it is ambiguous. Mr. Lu Xun told us that the use of the ideology is very useful but it needs to take the essence and remove the dross. If you buy eggs in the market, you know how to pick and choose? What's more, if you acquire the huge Daewoo Automobile, there are many factories at home and abroad?

There is no need to say that anyone who wants to stop Han Jun from acquiring him is going to work hard, but it is an ordinary and dispensable by-product of the crazy expansion before the bankruptcy of South Korea. What does Han Jun want him to do? Is it just increasing the operating costs? Han Jun is not stupid. When he was doing this business with Koreans, Han Jun's Hailong was actually the same as General Motors. He didn't want Daewoo's burden to drag him down.

But Han Jun was thinking well about this method, but it also became the focus of his argument with the Korean authorities.

Although Han Jun said it was confident that Fuping Factory will provide Hailong Automobile with a complete vehicle within at least three years. Three to six years later, Hailong Automobile may acquire the Fuping Factory. But how to define this "higher productivity"? How high productivity should Fuping Factory reach? Hailong Automobile agree to the acquisition If there is no specific explanation, how can Hailong not make people suspect that various promises are just tempting tricks to achieve the goal?

In addition, Hailong's acquisition only chose a few of the automobile factories and branches that were previously better in terms of benefits and overseas factories that Han Jun valued. Hailong Automobile will naturally do its best. And more overseas factories are directly abandoned by Han Jun, of course, this kind of "OEM". The production capacity of Shanghai Long Automobile will reach a very high level with the support of these abandoned people. At the same time, Hailong Automobile will not pay additional operating costs. Why not do it?

These companies include several factories in South Korea, several factories in Eastern Europe, and the Korean market. Although Han Jun is preparing to acquire Daewoo, he does not want to directly counterattack it because Daewoo has faded out of the market for nearly two years and two years, it is enough to have many things and enough consumers to forget your brand. Therefore, it is reasonable that many Korean markets are abandoned. The economic conditions in Eastern Europe are not as good as those in Asia. There is no need to stay there at all.

Han Jun is more optimistic about the domestic market in China, and the European market of the United States and Renault!

Hailong Automobile successfully bid for the bid. Li Yunyi gave Han Jun some of the information obtained by General Motors for free for his position. Let Han Jun know that although the bid was successful, there is still a lot of work to be done whether the negotiations can be finally reached.

For example, the problem of performance issues of workers' placement, etc.

Han Jun had already thought about the debt issue. This is also something that many people were puzzled before.

Hailong Automobile wants to raise funds to acquire Daewoo. It can be listed separately for financing. Anyone can see that this acquisition is a big benefit. As long as Hailong goes public, it is easy to raise a large amount of funds. However, Han Jun did not do that and went everywhere to seek loans for banks. In order to wait for the huge debts to be dealt with once the acquisition is successful!

Letting the creditor invest in bonds is a way to solve the debt problem. Another way is to "debt-to-equity conversion." Once the acquisition is successful, Hailong Automobile will leave Haixin Bank's preferred shares to repay the bank and obtain a low-interest loan from the bank. It will convert the debt Xiaomi into one go.

Wang Fabibei

The placement of officer Lu is also what Han Jun needs to consider. Daewoo has many overseas factories that he excluded from the acquisition scope. Then their person in charge will inevitably take certain measures to reduce costs. Layouts are one of them, but this move will inevitably cause a rebound from the union.

When General Motors negotiated with the South Korean government, there were constant calls from opposition from South Korean trade unions. South Korean workers even took to the streets of the United States to hold high the banner of "anti-acquisition". The firm attitude of South Korean workers undoubtedly originated from the fact that a large number of workers were laid off after the merger and acquisition.

At this time, when changing to Hailong Automobile, there seems to be a more serious trend. Everyone knows that China's labor is cheaper and they are more worried about their future life. If everything before went smoothly, only if there was a problem here in the union, the result would naturally be very clear. There is no other way except to break!
Chapter completed!