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Chapter 632 Dangerous

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    "Your Excellency, Director He Chen has just finished dealing with the owner's dispute and the demonstrators' related matters, and wants to report to you as soon as possible. Would you like to see me?"

    "Oh, Miss Seohyun, let him come over!"

    "Yes, my lord."

    Wang Yaocheng let go of the dialogue button in his hand, lay back heavily on the leather seat, played with the gold pen in his hand in a slightly impetuous mood, and let out a long sigh.

    I came to New York but couldn't see the lovely Ivanka. Ivanka gave birth to a baby boy at the beginning of the year, and now it's time to babble.

    Wang Yaocheng couldn't get away to see their mother and son, and they couldn't come to the Viking Mansion to reunite, which was super depressing.

    The headaches don't stop there. Nicole Kidman, who lives in New York, also has a two-year-old black-haired boy with a high nose bridge and blue eyes. He is also Wang Yaocheng's flesh and blood.  Going to have a look.

    Now that he is blocked here by the demonstrators, his mentality will not get better.

    Huo Jiaguang has made a new breakthrough in the telecommunications negotiations in Europe, and Wang Yaocheng, the chairman of the consortium, needs to make a decision in person. Europeans attach great importance to this set of superficial skills, so don't mention anything now, just wait here.

    "Chairman, good morning." Director He Chen opened the door and walked in.

    "What a fart! What's going on next?"

    "UhChairman, things are rapidly changing for the better. Most of the owners have agreed to sell the property rights, and only a few diehards are left. It seems that some pressure will be exerted to make them submit. It will take a while.  a little time."

    "Give them some more money, tell them to move away, and stop bothering me."

    "Oh, yes, we will solve it as soon as possible. The secretariat has arranged a special person to have a dialogue with the representatives of the protesters. I believe that progress will be made soon. Give us another two days at most, and the problem should be resolved."

    "As soon as possible! I will give you another day, and it must be resolved before 6:00 pm tomorrow. I don't have the patience to wait any longer."

    "I understand, Chairman, I promise to complete the tasks you assigned."

    "Okay, let's go."

    He Chen bowed and saluted politely, then turned around and left in a hurry. The chairman's impatience brought great pressure to him, as if he was pressing down on his heart like a mountain and he couldn't breathe.

    Wang Yaocheng watched the assistant leave, sighed faintly, and forced himself to focus on the current thorny issue.

    Don't look at the joy of acquisitions now, but the acquired companies are a lot of trouble.

    Among them, Samsung Group, Switzerland's ABB and Rio Tinto are relatively easy to integrate. AIG Group and Merrill Lynch, Wachovia Bank, and Washington Mutual Bank are all messes.  .

    The Samsung Group has not been involved in the big quagmire of subprime mortgages. Its main problem is that the core Samsung Electronics has been squeezed up and down by competitors and has fallen into a brutal price war.

    After the completion of the acquisition, the worldwide price competition of home appliances quietly died down, which loosened the noose around Samsung Electronics' neck and made it breathe a sigh of relief quickly.

    However, the luck of Samsung Electronics is really bad, and it ran into the worldwide financial turmoil caused by the subprime mortgage crisis head-on. This can only take time and wait for the global market environment to warm up.

    ?Samsung Electronics, controlled by Yukio Sakamoto, quickly took control of the company through the exchange of cadres. Yukio Sakamoto moved his office to Seoul to sit in person, and severely punished those who violated the resistance during the process of corporate restructuring and mergers.

    The effect is immediate. After laying off some middle and high-level managers, Samsung Electronics has entered the track of normal operation.

    The six wafer fabs invested by Samsung for the second venture, after Hynix technicians moved in, the relevant technical level has been improved rapidly, and they have been able to use 60nm advanced process technology to produce application chips for the market.

    Jinko Atlantic's most advanced process technology has reached 28 nanometers, which is two generations ahead of major overseas manufacturers Hynix and TSMC. This is the internal technical control of the consortium.

    Thanks to a large amount of technology investment, competitors in the chip market are still hovering at the 90nm process level, and Samsung Semiconductor's 60nm is enough to keep it competitive.

    As long as we firmly grasp the leading company Samsung Electronics, the recovery of the entire group is just around the corner.

    The basic structure of the Swiss abb group has not changed, and its operation has always been stable, and it is a leading company with good revenue.

    ? In the field of intelligent industrial robots adhering to the EuropeanWith consistent Seiko tradition, product strength firmly controls the high-end market.

    Its biggest flaw is that the cost is too high. After the consortium's merger and acquisition, by actively introducing domestic production in China, it is expected to greatly reduce the corresponding cost and enhance market competitiveness.

    After Lehman Brothers announced its bankruptcy on September 15, the international market seemed to have suffered a major earthquake. From New York to London, from Frankfurt to Hong Kong, from Tokyo to Seoul, the stock markets of various countries plummeted.

    The stock of Rio Tinto also fell sharply because of this, and the investment team led by Du Bo entered the market again, took a huge amount of bargaining chips at the bottom, and spent another 37 billion US dollars to increase the company's shareholding to 81%.  In the second phase of the plan, a beautiful acquisition battle was fought.

    If the 9% stake held by Chinalco is added, the equity of both parties exceeds 90%, occupying an absolute controlling position.

    Cleverly taking advantage of the financial turmoil in 2008, the Royal Family Fund took 81% of the controlling stake at a price of 82 billion U.S. dollars, realizing the goal of a strong entry into the main development.

    Rio Tinto's original board members and most of the top management were dismissed. The senior management of the British Red River Resources Company took over, and the chairman was concurrently held by Zhao Feng. The headquarters is still in London, but it is simply moved a few blocks away.

    Most of its subordinate holding factories and mines have not changed. They only need to produce qualified ore products according to the plan. The operation of the bulk raw material industry is simple and rough, with no technical content.

    The intuitive data of ore output, unit production cost, productivity indicators, safe production days, etc., can show the level of enterprise managers.

    The most troublesome thing now is financial companies, which are caught in the troubles of the subprime mortgage crisis.

    Moreover, the financial derivatives designed by Wall Street's financial elites may not be understood even by university mathematics teachers. They are simply a bottomless pit.

    Judging from the current situation;

    ?For Merrill Lynch Securities, which was acquired at a total price of 19.4 billion US dollars, the losses that have been cleared have reached more than 15 billion US dollars, and this part has all been provisioned for bad debts for loss processing.

    There should be uncontrollable factors of 6 billion to 10 billion US dollars in the follow-up, which may cause further bad debt provision.

    Under the premise of substantially abolishing relevant responsible personnel, the consortium will continue to inject 20 billion US dollars in cash flow, comprehensively improve Merrill Lynch's operating conditions, and inject vitality through blood exchanges.

    The investment in these large-scale renovations has exceeded the original assessment of the consortium. There are also many detailed business adjustments and personnel adjustments, as well as incentives and rewards and punishment plans. Anyway, there are a lot of bad things.

    The situation of Washington Mutual Bank and Wachovia Bank is better. These two banks that have declared bankruptcy protection have more than 80% of their employees cleaned up, leaving a clean shell and a lot of non-performing assets.

    HSBC has quickly dispatched personnel to take over the above-mentioned banking institutions, and has reopened on the basis of full integration to provide basic financial services to depositors and bank customers.

    Over time, the integration work will be gradually completed, and this time will be about a year.

    With the size of HSBC's current giant, swallowing these two banks is simply a piece of cake, it just takes time.

    In the study

    Wang Yaocheng is immersed in the paperwork to deal with affairs. Now that the consortium is in a major historical period of rapid expansion, nothing can be neglected to prevent unpredictable crises.

    He is now in a state of walking on thin ice, holding a few big thunders in his arms. If he can be successfully integrated into the sequence of the consortium, he will definitely become a powerful booster for the consortium to take off again.

    If the integration of the merger and acquisition company is not well integrated, at least it will choke, which will cause serious indigestion and hinder the steady progress of the consortium.

    At worst, he exploded in his arms, and the consequences were unimaginable.

    Lehman Brothers, one of the top Wall Street companies, collapsed, causing joint losses of more than trillions of dollars. This is the huge lethality of super-large financial institutions.

    Aig Group is one, Merrill Lynch is one, and Samsung Group is one. The reason why Samsung Group fully implements localization is because of concerns in this regard.

    Now it is far from the time for the Wang Consortium to celebrate its victory, and the Long March has just taken its first step.  (Remember the site URL: www.hlnovel.com
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