Chapter 517 Car Power Battery (seeking monthly pass)

  110 million U.S. dollars to bid for ATL, which cost 10 million U.S. dollars more than expected.

  Xia Jingxing did not feel any distress, after all, there was only one buyer from ATL, but now buyers have more visionary capital. If there is competition, the price will inevitably rise.

   Besides, TDK is still a small shareholder of ATL who owns a few shares.

  If he doesn’t cut the mess with the knife quickly, the negotiation is sticky, and if he drags it down, he will easily be seen through his intentions and will be slaughtered severely.

  It’s only an extra 10 million dollars now, which is almost a better ending now.

  He is not a god, and it is impossible to predict TDK's hole cards.

  However, when the bidding ended, he did figure out TDK's hole card, which should be between 101 million US dollars and 110 million US dollars.

  However, these are not important anymore!

  The most important thing is that the battery company has fallen into his hands and has become an important puzzle linking the mobile phone company and Tesla.

  He was in a good mood. On the day of the successful bidding, he signed a purchase agreement with ATL and allocated an initial share purchase of 10 million US dollars.

  The remaining part of the acquisition money needs to be fully due to ATL, and after the integration has begun, the delivery will be carried out in multiple batches and multiple phases.

  This is also the practice of acquisitions.

  It's almost impossible to pay for the money with one hand and deliver the goods with the other hand in a large-scale acquisition. Even if it does, it can only exist in small acquisitions.

  The reason for this is that the due diligence work involved in large-scale acquisitions is larger and more complicated. At the same time, delaying the payment will help maintain the health of its own capital chain.

  Finally, I am afraid that the money will be paid too quickly. In the subsequent resource integration and takeover of the company, the management or previous shareholders are not so motivated and do not cooperate in the work.

  Zeng Fengqun, Chen Tanghua, and Liang Shaokang performed very well, and they were very active in cooperating with Vision Capital to do various due diligence and takeover tasks.

  Envision Capital transferred a technical team from a mobile phone company located in Zhongguancun, and settled in ATL to be responsible for the technical evaluation of mobile phone batteries.

  The finance and legal affairs of the mobile phone industry M&A fund, as well as external law firms and accounting firms, have also stationed in ATL.

  After these people enter ATL, they will scan ATL up and down, inside and out, from multiple levels such as business, technical patents, financial status, and legal contracts.

  These trivial matters no longer need Xia Jingxing's intervention, and he dumped them all to Deng Yuanyun.

  This veteran who has worked in the consumer electronics and mobile phone industries for more than two decades is leading his team to work enthusiastically. In the office building and in the factory, you can see the employees of Envision Capital and the mobile phone company.

  Xia Jingxing is not idle, he has his own work to do.

  …………

  …………

   Accompanied Xia Jingxing, the new boss, to stroll around the factory for a while. During this time, he kept chatting aimlessly. Zeng Qianqun was a little anxious, smiled and asked, "Manager Xia, why are you looking for me?"

  Xia Jingxing chuckled, Zeng Qianqun was accompanying the due diligence team to do various tasks these days, and the people were very busy.

  I called the other party out to chat for a long time, but never got to the point, making this straight-tempered person a little anxious.

  "After the acquisition of ATL by Envision Capital, except for the dispatch of the vice president of personnel and the vice president of finance, the positions of the rest of the management are the same as usual, and there is no change."

  Xia Jingxing slowly said, "Chen Tanghua, Chen Dong, continue to serve as ATL chairman, responsible for the general direction, and stand on this last post.

  Today is 2006, and Li Dong is also 62 years old. He may be retiring after a few years of work. "

   Turned his head to look at Zeng Lianqun, smiled and asked, "What about you? Have you thought about the future?"

  Zeng Fengqun is actually very clever. He immediately heard the overtones. Do you want to take over? At the helm of the entire ATL?

Don’t want to be too utilitarian, Zeng Luqun touched the bright and spacious forehead, "hehehe" smirked, "I never thought about this, I thought in my heart is to make a good battery, not limited to polymer lithium batteries, but on the battery In many fields of technology, it compares with international giants such as Panasonic and LG Chem."

  Xia Jingxing pursed his lips. The Chinese are more subtle than Americans. He has companies in both China and the United States, and he has more contacts with Chinese and American employees, and he has a deep understanding.

  Forget it, as the boss, let me speak up!

  "After Chen Dong retires in a few years, I intend to let you take over the positions of chairman and CEO."

  It really is!

  A flash of joy flashed in the eyes of Zeng Haoqun, "Mr. Xia, I haven't done anything, right?"

   "Why is there no credit?"

  Xia Jingxing laughed blankly, and patted Zeng Lunqun on the shoulder, “helping Envision Capital successfully acquire ATL is a credit, and it is a great credit.”

  Zeng Haoqun laughed and said, "What the **** is this, Mr. Xia, you are strategizing, and you have secured the victory early in the morning."

  Xia Jingxing waved his hand, "Credit cannot be denied, I am a person who deserves credit."

  After a few steps, Xia Jingxing suddenly looked at Zeng Laqun with piercing eyes, "After this acquisition, you have almost allocated five or six million US dollars, which is basically financial freedom. Have you thought about starting a business in the future?"

   Regarding ATL's equity structure, Xia Jingxing is very clear. After three rounds of angel round, A round, and B rounds of financing, ATL management's shareholding has fallen below 40%.

  Management holdings, Chen Tanghua and Liang Shaokang occupy the majority, and more than a dozen key members have split a part of the equity. There are only more than five points belonging to the Zengfang group, which is less than 6%.

  Zeng Haoqun thought this was testing himself, and shook his head again and again, "Mr. Xia, after ATL, I have seen the difficulty of starting a business. Without capital support, it is destined to not go far.

   But capital, has always been more icing on the cake, less charcoal in the snow.

  My millions of dollars, if it is enough to do things, it is better to buy some properties to give my family a better life. "

  Xia Jingxing couldn't figure out what Zeng Liaoqun really thought, and smiled and said: "I just ask casually, entrepreneurship is indeed difficult and dangerous.

  Take ATL as an example, I think it is still in the entrepreneurial stage, which I call "second entrepreneurship". "

  "Second venture?"

  Zeng Fangqun didn’t understand it very well, so he asked.

  Xia Jingxing said as he walked, “Yes, the current ATL cannot be said to be a complete success, let alone sit back and relax. In order to maintain its own advantages and vitality in the fierce market competition, one must have an entrepreneurial spirit.

  ATL has gone through a long march of 25,000 miles, and now it has successfully joined forces with Envision Capital in northern Shaanxi, but there is still a lot of work to do. What do you think? "

  Zeng Haoqun thought for a moment and nodded, "Yes, the current ATL really needs to continue to grow its strength and expand its "base"."

  Xia Jingxing smiled, “I think so. ATL is fighting in the front, and Envision Capital provides ammunition support in the rear, so that you can focus on product development and sales without any distractions.”

  Zeng Haoqun said with a smile: "Okay, no problem. In fact, our ATL made a profit of 5 million US dollars in 2002. Until now, as long as we don’t invest in large-scale research and development, our annual profit has remained around 10 million US dollars.

  In fact, there is no shortage of money. Of course, if you want to develop new technologies, you still need a lot of investment. "

   "I just hope you will develop new technologies."

  Zeng Haoqun was puzzled for a few seconds, and asked: "Tesla?"

  The reaction was very fast. Xia Jingxing praised him and said with a smile: "Yes, new energy vehicle batteries, I intend to let ATL open up this new field."

  Zeng Haoqun was silent, with a solemn expression, and only after a long time did he solemnly said: "That needs to invest money, invest a lot of money."

  "You don’t have to worry about money. I will inject 40 million US dollars into ATL for the first instalment, which will be dedicated to the establishment of a car power battery department."

  Xia Jingxing pointed to Zeng Yuqun and said sternly: “You come to be the head of the automotive power battery department and take the lead in research and development.”

"I?"

  Zeng Haoqun pointed to himself, and then said: "Mr. Xia, I have no experience in car power batteries?"

  Xia Jingxing chuckled, “When you went to university, you still majored in marine engineering. As a result, now you have built cell phone batteries, MP3 batteries, and DVD batteries. Is there anything larger than this?"

  Zeng Laiqun was originally a gambler, and he was also very courageous. Hearing Xia Jingxing say so, he nodded, nodded and said: "Then I will try!"

   "It's not a try, but a task must be completed!"

  Xia Jingxing looked at Zeng Lianqun, and said solemnly: "This is also a huge test for you. When you finish, the rewards will be richer than you imagined."

  Zeng Haoqun’s "hehehe" smirk, "Mr. Xia, even if I fight this old life, I will definitely complete the task."

  Xia Jingxing only then showed a smile, walked and chatted with Zeng Lunqun, and gave another explanation, cheering Zeng Lunqun all kinds of cheer.

  Looking at Zeng Qianqun who was trotting back to the office building, Xia Jingxing nodded.

  Chen Tanghua is getting older, Liang Shaokang is more than enough, but not aggressive enough.

   Among the three, the one he values ​​most and wants to cultivate and support is Zeng Lianqun.

  Currently, Zeng Lianqun does not have much entrepreneurial capital, he is also a humanistic care, and Xu Yi is also a "high-ranking official and generous". It is time to keep people!

  I really want to leave, and I have to get the car battery out first.

  (End of this chapter)