Wealth

v5 Chapter 546: Choice of opportunity

Fan Wuyi still couldn't eat at home at night, so boss Zhu gave a treat.

Of course, Boss Zhu would not invite him to dinner for no reason. This time he was just letting him participate in the negotiation meeting with Kodak.

However, in any case, there is nothing to say about the importance of boss Zhu to Fan Wubing. Just because Fan Wubing said that he wanted to participate in Kodak's film industry acquisition case, he nodded without hesitation. This also means that some things that have been done in the previous few years need to be adjusted, and the impact on the negotiating team is still great.

Currently negotiating with Kodak is the representative of the domestic film industry federation. Seven domestic photosensitive material manufacturers, including Lucky, have participated. Therefore, this meal includes representatives of these seven companies. , As well as Kodak’s negotiating representatives, as well as several leaders from national ministries and commissions, with a total of more than 20 people participating.

Naturally, Ye Ying, the plenipotentiary representative of Kodak, was also a focus of the dinner. Fan Wubing admired her very much. She is so old and dressed like a butterfly wearing flowers. It really takes a lot of courage. of.

After the latest stage of negotiations, the cooperation agreement has basically been finalized. The Chinese government has implemented different policies for six domestic photosensitive companies except Lucky. Xiamen Fuda, Shantou AD, Wuxi Almei and Kodak are joint ventures, and Shanghai Three companies, including Tianjin, Tianjin and Liaoyang, will not cooperate with any other foreign investors during the three-year infrastructure construction period of the joint venture. Kodak will pay the Chinese party 400 million U.S. dollars for asset transfer and economic compensation for this. On the basis of this agreement, Kodak was approved to invest 1.2 billion US dollars in China to establish a photosensitive material production base, which in fact created a monopoly on the domestic film industry market.

There is a small change here. Among the 1.2 billion U.S. dollars of investment, 200 million U.S. dollars is funded by Fan Investment Group. Sixteenths of the equity.

However, Fan Wubing also made it clear that he would not interfere in the company's management business, but only hoped to obtain the benefits it deserves. After three years, Kodak could acquire 16% of Fan Wubing's equity at its discretion.

Fan Wubing’s approach made Kodak very confused. I can’t figure out why Fan Wubing put forward such strange conditions. Fan Wubing’s previous three-year sharing of digital camera technology is still relatively good. If it is reliable, then this investment dividend condition is a bit confusing.

With the support of policies, to establish a monopolistic market, although it does not require much effort, but three years, that is, let Koda become a monopolistic enterprise in the Chinese film industry market, then choose to sell the equity at this time. Kodak felt that Fan Wuyi’s shot was a bit too early. It will take at least five years for Kodak’s production capacity and market development to show actual results. Although after three years, Kodak is confident that the investment will be recovered and there will be Very large profits, but compared to the future market estimates, Fan Wuyi’s income will be relatively low when the equity is recovered at this time, which does not conform to the principle of maximizing investment returns.

All in all, this is a very puzzling condition.

Although I don't understand it, Kodak can't help but consider Fan Wuyi's huge influence. Since he proposed this acquisition cooperation proposal, Kodak has to seriously consider it and make it happen.

At least it seems that this condition is not bad for Kodak, and it can even relieve a certain amount of financial pressure on the company, and make Kodak's Chinese plan more realistic.

During the banquet, the representatives of Kodak Company toasted to Fan Wuyi, saying that the cooperation time will be very long in the future, and everyone should contact more. Fan Wuyi responded politely one by one with a very friendly attitude.

The mentality of the seven film manufacturing companies participating in the negotiation is different. The joint ventures Xiamen Fuda, Shantou AD, and Wuxi Alme are naturally very happy. The huge debt problem can finally be solved. The future cooperation prospects seem to be It is also very good, at least for the management, there is a good way out.

The three companies in Shanghai, Tianjin and Liaoyang will not cooperate with any other foreign investors during the three-year infrastructure construction period of the joint venture. Kodak will pay the Chinese party 400 million US dollars for asset transfer and economic compensation. This condition is also acceptable. After all, these three companies are basically ready to switch production. It is naturally the best result to be able to obtain financial compensation at this time. At least everyone can have a relatively large amount of support funds when they switch production.

Among them, the most unhappy is Lucky Film. Although they strongly resisted Kodak’s acquisition from the beginning, it now seems that it is unstoppable at this time. Now that the acquisition plan has been finalized, what Lucky will face in the future is More powerful competitiveness.

After all, Kodak, which has a full monopoly on the Chinese market, is even more terrifying than the small Japanese Fuji. Their technical strength and strong capital for a hundred years are beyond the reach of Lucky. Just investing in scientific research, Lucky It can't be compared with others, let alone how big the gap between digital camera technology and other civilian medical film manufacturing is, and that Kodak is a provider of all-round image and text solutions.

Ye Ying was talking in English with two senior executives of Kodak. She looked at Fan Wuyi who was coping with others very freely there. She said, "This Fan Wuyi is very difficult to deal with. So far I haven't figured out what he wants to do. This is the first time I have been engaged in journalism and foreign affairs for many years."

An executive replied, "This President Fan is also a genius in the world financial world. Although the outside world has underestimated his assets, most people think that he is much richer than Bill Gates. Funds are scattered around the world through various channels, making it impossible for everyone to have an accurate statistics, and the wealth of Bill Gates and others is visible stocks and so on."

"Fortunately, he is only asking for dividends. If he participates in management, it will cause us great inconvenience." Another executive said with some luck.

Ye Ying drank the red wine in the glass, and then said to the two people, "Actually, I also have some expectations to see what this legendary teenager is going to do. Is it just that he wants to hold our shares and stay in the future? Sell ​​it for the price?"

"Even if you just want to invest in our shares, it will be a lot of income in the future." An executive said.

Ye Ying nodded. It's not how confident she is in herself, but because Kodak, which is also very powerful in terms of financial and technical strength, wants to make money in the Chinese market under the premise of a monopoly. Big money is very easy, so even if Fan Wuyao simply invests in shares, he will get a big return.

But she always felt that Fan Wubing's decision was not so simple, and no one knew what it was.

Boss Zhu was not very clear about Fan Wubing’s decision. He asked him when he was drinking, but Fan Wubing smiled and said that commercial secrets cannot be released before time, otherwise they won’t. Spirited up.

In fact, Fan Wubing is very clear that the agreement reached this time is to a large extent the victory of Ye Ying and Kodak’s PR strategy in China, and the most important significance is that Kodak’s acquisition of all companies except Lucky The photosensitive material company gave Kodak the opportunity to exhibit independently in the Chinese market for three years. Kodak did not make China's photosensitive industry go to the world as he said, but made China's photosensitive industry the home of Kodak.

As Ye Ying herself once said, she felt that being number one was very dangerous, because when you were number one, you were the target of public criticism and everyone wanted to replace you, so doing .1 is not the safest.

This deep sense of crisis is certainly due to Ye Ying's pursuit of Kodak's sustainability, but the more important reason is that the agreement reached now can only protect her for three years. Three years later, Fuji will make a comeback again, and Kodak China will be close to each other, and Lucky, which has grown up, will also form a pincer in the low-end market. The anticipation of the three strongest competitions made Kodak feel the danger in the future.

In the agreement, Lucky was retained as the only national brand in China. This is regarded as a high-level retention and did not hand over all the photosensitive companies to Kodak. Otherwise, Ye Ying might not say what to do. 1 is the most It's not safe, but I am .1 Who I am afraid of, because in that case, she will no longer have an opponent.

In fact, fundamentally speaking, Lucky is by no means Kodak's opponent. It will obviously take time for Lucky to reach the position of competing with Kodak, but if Lucky and Fuji join forces after three years, Kodak will be out of luck.

In fact, as far as Fan Wubing knew ~lightnovelpub.net~ Three years later, Fuji began to counter Kodak on the two fronts of traditional film and digital printing. Despite its slow pace, Fuji still has made gradual progress in the Chinese market. Within less than a year, three hundred sets of Fuji’s own-brand digital printing equipment were sold. Fuji even plans to build a 1,000-owned company within three years. The equipment's Fuji digital print shop.

Not only is the digital camera a trump card for Fuji to counter Kodak, Fuji is indeed quietly approaching Lucky to seek a joint venture. Once the joint venture is established, Fuji has a legal production company in the Chinese market. The boss position will be at stake.

However, Fan Wubing also knows that Kodak is obviously a little too worried, because the government has put a lot of pressure on Fuji. In the process of cracking down on Fujian Lai’s, Fuji has been involved in a large number of film smuggling. Fuji is basically completely defeated in the Chinese market, and this is Kodak's luck.

Of course, no one can think of this happening now, Lucky doesn't, Kodak doesn't, and Fuji doesn't even think about it.

Fan Wubing knew very well what his $200 million investment would become in the future, and how far Kodak’s monopoly could go? Choosing an appropriate time to intervene and then making a profit is the most important thing.