Chapter 423 Two cards
Lee Kun-hee did grasp Chow Liwen's actions, and Chow Liwen did not conceal his acquisition of shares in Corning, USA, because after obtaining the qualification to join the board of directors, Chow Liwen personally went to New York State and went to the headquarters of Corning in the United States.
Speaking of obtaining these equity, Zhou Liwen has taken a lot of effort. Corning, the United States is one of the world's most advanced special glass and ceramic material manufacturers, and has the core technology and property rights of touch screens. This company is relatively low-key in the outside world, but in the eyes of those who know it, no one will underestimate it. Let's not say that this company is one of the world's top 60. If we look at the company's scale alone, Corning, the United States may not be as good as Zhou Liwen's Or headquarters and chip factories, but from its assets and profits, it is no less than any high-tech company, and even surpasses it.
It is conceivable that such a company has a hot share of its shares. When Zhou Liwen was still in China, he made up his mind to retaliate. However, before retaliation, he must make follow-up preparations, especially the cooperation with Samsung is the top priority, because the touch screen supply of Or's products is in the hands of Samsung. If this problem is not solved, Zhou Liwen will never act rashly.
After several months, Zhou Liwen finally secretly absorbed shares of Corning in the United States through investment bank resources, including the relationship between Wells Fargo and Goldman Sachs. But that's the case, the money he paid in the end was much more than Zhou Liwen expected at first. The equity alone consumed 4.8 billion US dollars of Zhou Liwen. This is why Corning's stock price shrank due to the decline in market demand for laptop LCD displays not long ago. If the market demand for laptop computers and LCD displays (CDs) not long ago, it might not be enough to double the price of Corning. From this point of view, the investment banking market is still very good this time.
Zhou Liwen has money, and his Or company has money, but after all, most of the money is on paper, and the cash flow in his hands is not too much. It is also difficult for Zhou Liwen to pay a huge amount of US$600 million in a row, not to mention that he has to be careful of Samsung's actions in this matter. However, what surprised him was that until Zhou Liwen completed the absorption of this equity, Samsung still had no reaction. Such bizarre situation made Zhou Liwen a little confused.
Of course, Zhou Liwen would not know, because it was not Lee Kun-hee who mastered Samsung when he was doing it, but Lee Jae-chong. Lee Jae-chong, who always believed that Zhou Liwen and his Or were "novas", did not take Zhou Liwen at all. He was complacent and enjoying the pleasure of Samsung smartphone surpassing Or to become the world's number one. It was not until then that Zhou Liwen knew about these situations. He was surprised and a little lucky. If it were not Lee Jae-chong, but Lee Kun-hee, who continued to take charge of the Samsung Group, perhaps these small actions would have been noticed by the other party long ago, and the process of obtaining the equity would not be as simple as it is now, and there would definitely be more difficult situations.
Of course, things cannot be judged like this. Perhaps Lee Kun-hee did not temporarily hand over the power to his eldest son, so the previous Sha Zihao incident might not have happened. Therefore, this world is very wonderful. A small change often has huge impacts and unknown consequences.
After Zhou Liwen officially joined the board of directors of Corning, the United States, he submitted a purchase intention to the board of directors at the first meeting. Zhou Liwen placed an order directly to Corning, the United States in the name of the chairman of Or, and handed over almost 6% of the tablet and touch screen business to Corning, the United States.
This is a big business worth billions of dollars. The Corning Board of Directors of the United States was ecstatic and praised Zhou Liwen for his contribution to Corning. At the same time, all the board members warmly applauded and welcomed Zhou Liwen to become a member of them.
"Bavc, maybe I'm a little greedy." Chairman and Executive President Wei Wende c11Pc asked with a smile: "Why don't you hand over all Or's touch screen orders to us? Do you think we, Corning, do you have the ability to complete these order tasks? Or you are worried about Corning's technology
"Of course not." Zhou Liwen smiled and shook his head: "Dear Mr. Wei Wende, if I had this idea, do you think I would spend a lot of effort to hold Corning's shares? I am sitting here now, which shows my confidence in Corning's company and a bright future."
"I'm very happy to hear your praise, but you didn't answer my question just now, right?" Wei Wende said with a smile. Maybe his words seemed a little harsh or aggressive in Asia, especially in the Chinese business community, but this is a frank performance in the United States, especially now Corning's board of directors, expressing their opinions. This is a scene that can often be seen at meetings of the US board of directors.
Zhou Liwen was not surprised, and also noticed the inquiries that other directors had cast to him. According to Corning's annual sales and annual profits last year, it was US$410 million and US$-100 million respectively. Of course, the decline in market demand for laptop LCD displays has had a great impact on Corning's performance. Now, Zhou Liwen's purchase orders account for almost one-third of the sales for the whole year last year. If Corning and Or sign this contract, then the current weak Corning stock will inevitably rise sharply, which is good news for all board members, including shareholders.
But people are greedy. As Wei Wende asked, since Zhou Liwen is already a member of the board of directors of his company, why can't we hand over all orders to Corning, the United States? If we can get this order, it will almost account for more than half of the annual sales, then this year, perhaps Corning may be able to jump from the top 480 in the top 60s with this cooperation, and even enter the ranks of 30.
Zhou Liwen smiled and made a sorry gesture to Wei Wende: "Personally, I certainly hope to hand over all the orders to Corning Company, not to mention that I am a member of the board of directors. Corning makes money. As a dual identity as a customer and a director, maybe I can make two money."
When Zhou Liwen said this, everyone laughed. Indeed, Zhou Liwen was right. Although he was the chairman of Or, he was also a director of Corning, the United States. Of course, he would not relax the price when handing Or Ding Dan to Corning, the United States. This is the rule in the business world, and everything is based on normal profits. Moreover, neither Wei Wende nor other directors do not think that there is anything wrong with doing this. Business is business, and even father and son have to bargain in all aspects of business, let alone such a large business.
However, Zhou Liwen also has an identity, that is, a director of Corning, USA. With this order, Corning USA will inevitably increase significantly. In this way, as Zhou Liwen said, as a director, he still makes another profit at Corning, does not mean he has made two money?
After everyone's laughter calmed down a little, Zhou Liwen said: "But it's a pity that I can't give the rest of the orders to Corning in the United States. Maybe some people know that those orders are from Samsung Corning. Of course, as a joint venture factory, the company can also make some profits in this regard, although the overall part is more divided.
Wei Wende and others were silent immediately. There was indeed a Samsung Corning company. This guy was a joint venture between Corning and Samsung Group a few years ago. At the beginning, Wei Wende, the person in charge of the joint venture, but he never expected that after the Samsung Corning joint venture factory was put into production, the joint venture not only did not bring too much benefits to Corning's headquarters in the United States, but instead continued to erode the market of Corning's US. This was a situation they did not expect when they established the joint venture factory.
From a certain situation, Samsung Corning's growth is a good thing for the headquarters, but in fact, except for factory expenses and costs, the profits distributed according to investment are not much. What makes Corning's board of directors even more angry is that all the core technologies are from Corning, the United States, and Koreans just invest their manpower and material resources to enjoy the fruits. This is simply tolerant of uncles and aunts, and they cannot bear it.
"Damn Koreans," a director cursed gritted his teeth and cursed: "The United States has guaranteed their democracy and freedom, but they used this method to plunder wealth from us. Wei Wende, I have said before, Huang... Koreans are unreliable." The director seemed to have some opinions about Asians and almost blurted out dangerous racial discriminatory words. Fortunately, his eyes swept to Zhou Liwen, who was sitting aside, and swallowed the words he had already said.
Wei Wende looked a little embarrassed because he led the success of the joint venture back then, and he also made certain guarantees to convince the board of directors. But now, Samsung Corning is getting bigger and bigger, which has affected the living space of Corning in the United States. If this continues, not to mention that the purpose of the joint venture was not achieved at the beginning, there will be even greater trouble.
"We can't let Koreans continue like this. I suggest taking back control of Samsung Corning. It is best to acquire all the company directly from the Koreans and take it into our hands." Another director made a suggestion, and as soon as he finished speaking, he received many people's approval.
"Bavc, what do you think about this?" Wei Wende saw everyone's excited expressions, thought about it and asked Zhou Liwen.
Zhou Liwen shook her head slowly and said, "I haven't been in Corning for a long time, so I'm afraid I can't say anything about this."
"It doesn't matter, just talk about your opinions." Wei Wende asked with a smile, who would have thought that Zhou Liwen would still smile and refuse to express his opinion.
"Let me do this, I'll change the way." Wei Wende thought about it and said: "If we acquire Samsung Corning, can you hand over all the previous business orders, which I mean Or Company's orders about touch screens, to us?"
"It's OK," Zhou Liwen replied cheerfully, but he said again: "As long as the quality, price and production supply will not change, I can assure you this."
"OK" Wei Wende immediately laughed. With Zhou Liwen's guarantee, he felt confident. Although Zhou Liwen could not sign all order contracts with him now, don't forget that today is a board meeting. What Zhou Liwen said as a board member has a meeting record. With Zhou Liwen's identity and status, he will never turn around and refuse to admit his account.
"Then what are we waiting for?" The director who had some racial discrimination before stood up and said to everyone: "I suggest that the board of directors add another issue today, that is, to acquire Samsung Corning and include the entire company in the United States Corning."
"I agree"
"I agree, too"
"agree……"
The directors present raised their hands one by one, and Zhou Liwen raised their hands as everyone else. Seeing this situation, Wei Wende certainly would not be angry with the public. Moreover, even he had this idea, and he raised his hand with a serious expression.
Corning's board of directors has approved the acquisition decision for Samsung Corning internally. However, passing the decision is one thing, but completing the acquisition is another thing. With the strength of Samsung Group, Corning in the United States is not that simple to completely acquire Samsung Corning. According to Zhou Liwen's budget, it may cost a lot of money to acquire the shares owned by the other party. In addition, if Samsung opposes this acquisition and confronts the United States Corning, Corning in the United States may have to pay more money to achieve its goal, and there is even a possibility of failure.
Wei Wende is an extremely smart businessman, and he cannot not know about this, so after passing the matter, he warned everyone that they must keep their mouths on this matter to ensure the normal acquisition is completed. The directors are not fools, of course, they know Wei Wende's intentions and agreed immediately.
In fact, the board of directors was not Wei Wende, nor Corning, but Zhou Liwen, who participated in the board of directors for the first time. Zhou Liwen sharpened his head and drilled into the board of directors of Corning, the United States, and at this time, the purpose of selling such a large order was to create an irreparable crack between Corning and Samsung Corning. Now, Zhou Liwen's purpose has been initially achieved, and with the support of Corning, he at least eliminated half of his worries. Even if Samsung Corning now stops supplying Or Company's touch screens, Zhou Liwen can still maintain it with Corning's channels. As long as she grits her teeth and waits for Samsung Corning to be fully acquired by Corning, the United States, then this worries will never arise again.
However, Zhou Liwen's moves were not only this card. After he played the first card in Corning, he also played another card. On the night of the Corning board meeting, Zhou Liwen received a guest in a luxury hotel in Manhattan, New York.
"I've been waiting for you for a long time." Zhou Liwen walked into the hotel room. A man nearly 6 years old stood up. Seeing the other party Zhou Liwen quickly stepped forward, greeted him in an apology tone, and at the same time stretched out his hand to the other party.
"It's okay, I know that Director Jay Chou is busy, and I haven't waited for long." The man shook hands with Zhou Liwen with a smile, and asked Zhou Liwen whether his work was going smoothly and whether he was healthy or not. Zhou Liwen was not tired of it and answered one by one with a smile.
This room is the most luxurious room in the hotel. After both parties sat down, Zhou Liwen asked the other party whether the journey to New York was going smoothly. Unexpectedly, this sentence immediately aroused the other party's feelings, and told Zhou Liwen with a somewhat angry expression that it was not going well.
"What's going on? Could it be that my itinerary was not arranged for you?" Zhou Liwen said a little surprised, and turned around and looked at Carl beside him, as if he was blaming him for not entertaining his distinguished guests well.
"Jay Jay Chou, this has nothing to do with your arrangement. In fact, I did not follow your schedule this time, but made temporary adjustments."
"Why?" Zhou Liwen was even more surprised next time.
The other party smiled bitterly and sighed: "When I left, I found that someone seemed to be following me, and I temporarily changed the itinerary for safety reasons."
"Stalking you? Is it a Samsung person?" Zhou Liwen said in surprise.
The man nodded: "If my driver hadn't been smart and recognized a guy driving a taxi following my car, and the other party was Kim Huanzhen from the Samsung Property Inspection Team, or I wouldn't know anything. This dog seemed to have been following me for several days. If I guessed correctly, he must have been sent by Lee Kun-hee. This old bastard is simply a beast."
Then, the other party was excited and scolded Lee Kun-hee, all the old bastards, bastards, and the scum of the Lee family. If it weren't for the Koreans' swearing words that were not as rich and colorful as the Chinese, maybe Zhou Liwen would have been different from anything tonight. Just listening to him cursing people, he could listen all night. But even so, he still cursed for nearly half an hour. After he got out of anger, he stood up and bowed to Zhou Liwen to express his apology.
"It's nothing. If I were you, I might have done this too. I understand your mood." Zhou Liwen said with a generous smile and waved his hand.
"Jay Jay Chou, you really know me. It's a great honor to have a confidant like you." The other party said with gratitude, but as for whether he thought so in his heart, he would know.
The man sitting in front of Zhou Liwen is nothing else, but is Lee Jae-hyun, the president of South Korea CI Group, who is Lee Kun-hee's nephew, Lee Jae-chung's cousin, Lee Kun-hee's eldest brother Lee Meng-hee's eldest son. He was once high and almost touched the top three-star prince with the highest power of Samsung.
Compared with Lee Kun-hee's current prestige, both his father Lee Mong-hee and Lee Jae-hyun, as the president of CI Group, are in a more miserable state. Losing Samsung's rights, the father and son fell from high to dust. Now they can't even own the shares that Samsung Group deserves, and they were driven out of Samsung Group by his ruthless uncle.
In order to compete for equity and control of Samsung, both Lee Mong-hee and Lee Jae-hyun have been fighting with Lee Kun-hee for many years. But after fighting, their hopes for victory are becoming increasingly slim. As Lee Kun-hee's status in Samsung continues to stabilize, the resources and gaps between the two sides are getting bigger and bigger. However, the father and son who are unwilling to admit defeat, and they are very stanced to fight to the end with each other.
Chapter completed!