Chapter 1138 Reluctantly
After Li Zairong's accident, the Li family was in chaos.
Originally, the old man was seriously ill and was hospitalized for emergency treatment. Now his son had a car accident and was sent to the ICU. It was still uncertain whether he could be rescued. The family suddenly lost the backbone.
At this critical moment, Li Fuzhen stepped forward. She rushed to the hospital as soon as possible, and ordered her assistant to invite the best experts in the country, and ordered her brother to be rescued at all costs!
Samsung Group's business covers a wide range of areas, including hospitals. Basically, the best hospitals in the country are run by them, so they naturally have the best medical information and medical experts.
After the rescue and consultation by the expert team, they brought good news and bad news to the Li family who had been waiting in the hospital.
The good news is that Lee Jae-young is alive and has stabilized.
The bad news is that he suffered a serious head injury. Even if he is rescued, he may become a fool...
Everyone in the Li family was immediately stunned on the spot. Everyone had already concluded that Li Zairong would soon take over from the old man and take control of the Samsung Group.
What a good result. He turned into a vegetative state before he could take over? !
What about Samsung Group?
Do we really need to hire so-called professional managers like those big foreign companies?
This is a country that the Li family has worked hard to build for generations. How could they be willing to let others take charge?
It can only be said that the family is unfortunate. There are three direct children in this generation of the Li family. The eldest, Li Zairong, was originally trained to be his successor. He himself performed quite well, and the elders in the family also recognized him, but now he has entered After leaving ICU, it is obviously impossible to take charge of the company again.
Then the second child is Li Fuzhen. She also has a younger sister, but let’s not mention that younger sister. She was there a few years ago...
So, it seems that there is no other choice now, only Li Fuzhen is left!
At first, Li Fuzhen was a little reluctant to accept it, but in the end he couldn't refuse it anymore. It was also for the sake of the family that he reluctantly accepted the position of acting president and prepared to shoulder this heavy responsibility.
She also told everyone righteously that as long as her brother can return to normal in the future and his health is fine, then her position can be returned to him at any time, because she doesn't really want to be the president. It's so stressful and easy. It makes people grow older...
Although the board of directors complained a little, they did not object strongly, because although the Li family does not control many shares in the Samsung Group, it still has a large say, and the Li family had an agreement with the shareholders at the beginning, that is, the Samsung Group The person at the helm of Samsung must be a direct descendant of the Li family, and we will never let outsiders take over Samsung!
Therefore, Li Fuzhen's rise to power was not greatly hindered.
After a period of time, the Li family and Samsung Group slowly calmed down from the panic. After all, what happened had happened and it could not be undone no matter what.
Li Fuzhen was naturally elected as the acting president by the board of directors. After some training, he can officially take over as president!
In addition, of course, the Li family has also been pursuing the matter of Lee Jae-young’s car accident.
The driver of the large truck insisted that he was a little tired and distracted at the time, and then Li Zairong's car suddenly rushed out of the corner, and the bright headlights dazzled his eyes. In a hurry, he originally wanted to step on the brake, but stepped on the accelerator. on the road, and lost control of the steering wheel. The tragedy just happened...
In this kind of thing, you can't verify whether the other party is telling the truth. After all, the Li family has not made any enemies with deep hatred for so many years, so few people will think about "vendetta" and "conspiracy". , the most I can do is lament that Lee Jae-young’s life is not good.
He was about to take over the power alone, but he encountered this kind of disaster instead, and his sister Li Fuzhen got a big advantage!
After Li Fuzhen became the acting president, she quickly showed her business talent.
She said at the board meeting that the world economy has picked up and the next ten years will be a golden period for global economic development. Then in the field of consumer electronics, the market size will expand rapidly!
Samsung Group already has a strong accumulation of strength and brand reputation in this regard, but it also faces challenges from many old rivals and emerging brands, such as Nokia, Motorola, HTC and the newly rising Apple!
In order to win in the fierce market competition in the future, Samsung Group must continue to increase investment, deploy production bases around the world, expand production, and occupy as many markets as possible...
In a word, it is necessary to invest abroad. The domestic market is too small and cannot accommodate Samsung's ambition and scale. In the future, Samsung will become a large international group and invest in all important markets around the world. Localized production!
The plan sounds wonderful, but it requires huge funds to support it, otherwise it is just empty talk.
The shareholders on the board of directors felt that her plan was a bit too radical and were worried that it would cause a financial shortage for the group, so they suggested that Li Fuzhen solve the financial problem himself.
In fact, this is also an "examination question" for Li Fuzhen. I want to pass this small test to see the "quality" of the acting president. After all, if I want to lead a giant company like Samsung to move forward, I have no real ability. But it doesn't work.
If Li Fuzhen's performance is too bad, then the board of directors won't mind replacing her with a new president, or simply ousting her!
Faced with the deliberate difficulties of the directors, Lee Boo-jin was confident. After a few days, she came up with a fundraising plan and even contacted two investment institutions to prepare for a private placement of up to 20 billion US dollars in new shares!
These two investment institutions are the Russian Industrial Fund and Crimea Investment Company, both of which are Eastern European capital!
The 20 billion US dollars of shares issued by Samsung Group were jointly bought by these two institutions. However, as an investment condition, the two institutions also required Samsung Group to invest in and build a large electronics factory in Russia, or a large production base, to produce mobile phones, computers, monitors, etc.
Because such a factory can provide a large number of jobs and taxes, it also belongs to the high-tech industry and will not bring too much pollution to the local area. It is a more popular investment.
If they pay, they can of course put forward conditions. Besides, Lee Boo-jin originally wanted to expand investment abroad. Europe is one of the most important markets. Don't forget that Europe's total GDP ranks first in the world!
The whole of Europe, especially those countries in Western Europe, are relatively wealthy, and the market there is also full of temptation for Samsung.
However, if you want to open a production base in Western Europe, such as France, Britain, Germany and other countries, it is convenient, but the cost will be skyrocketing! Whether it is labor, raw materials or environmental protection requirements, they are all very high there, which directly leads to the inability to reduce production costs.
Therefore, it is a reasonable plan to choose Eastern Europe to produce and then sell to the whole of Europe.
Eastern Europe, especially Russia, has high-quality workers and low wage requirements. It has a very good industrial foundation and is a major energy country. Water, electricity, metal and other resources are much cheaper than other countries!
It is very close to developed areas in Europe, and the transportation cost is not high...
In recent years, Russia's economic development has been very rapid, and it has also won over neighboring brother countries to establish the "Eastern European Union". In the entire alliance area, there is mutual exemption of tariffs, which is equivalent to electronic products such as mobile phones and computers produced in Russia, directly sold to neighboring countries at zero tariffs...
Oh, and Russia has just introduced a policy to promote consumption and industrial upgrading, and subsidies are provided nationwide to encourage ordinary people to buy computers and mobile phones.
Adding up these conditions, to be honest, even if the Industrial Fund and Crimea Investment had not jointly invested 20 billion US dollars, Lee Boo-jin would have chosen to open a factory here!
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After Lee Boo-jin brought the investment intention and cooperation plan to the company's board of directors, the directors obviously could not find any reason to object, which is also a good news for the group's business expansion!
After all, the money invested in the factory was not paid by the group, but someone "paid the bill", so no matter whether the result can meet expectations or not, the group will make a net profit!
Therefore, this private placement was successfully approved. The Russian Industrial Fund and Crimea Investment Company jointly invested 20 billion US dollars and won 15% of the shares of Samsung Group!
The valuation of Samsung in this private placement was estimated according to the market price, and no premium was given, and of course no discount.
After all, the market value of an old giant company like Samsung has almost reached its peak, and there is not much room for imagination, so it cannot be compared with those emerging Internet giants.
To be honest, if the Industrial Fund and Crimea Investment were not willing to take over Lee Boo-jin's private placement this time, no other investment institution would be interested at all!
Even the original shareholders of Samsung, none of them were willing to pay so much money...
Of course, all this was agreed by Wang Ye.
He did not want to make a lot of money in the future by investing in Samsung, because he also knew that this investment was not profitable!
In 2009, there were too many companies more worthy of investment than Samsung, especially in the Internet industry.
Those emerging Internet companies, if you invest in them now, after a few years when the companies go public, the return rate may be ten times or even a hundred times!
As for Samsung, according to Wang Ye's unclear memory, the market value at its peak seemed to be only about 300 billion US dollars, not much more than the current 110 billion...
But he had other plans for investing in Samsung this time.
The Samsung brand is indeed very influential in the field of consumer electronics. Its business is too diverse and wide-ranging. It does almost everything, and almost all of them can be top-notch!
Especially in the early 2000s, Samsung mobile phones could compete with Nokia, laptops, digital cameras, monitors, TVs, refrigerators and washing machines...
Anyway, it seems that there is nothing that it doesn't make as long as you think of electrical appliances!
Wang Ye has enough money, but it is difficult to convert this money into a boost to the national economy.
The same 20 billion US dollars, in Wang Ye's hands, is just a big infrastructure, building a few highways, etc., which is another level, although it is good for national development in the long run.
But it must be said that such an investment is difficult to be effective in the short term.
However, if it is spent through Samsung, it can be transformed into a giant production base, bringing several advanced electronic factories to Russia, producing the most advanced and cutting-edge civilian electronic consumer products, and bringing tens of thousands of high-income jobs to the local area. After production, it can also bring huge taxes and export trade...
It can even drive the development of many upstream and downstream industries, such as chip wafers, metal smelting, packaging and printing, etc...
This is the same as the automobile industry. You can't just look at how much GDP this industry contributes, but also its ability to drive upstream and downstream industries!
Today we have spent US$20 billion. In the next five or ten years, perhaps the production base invested and built by Samsung will bring revenue of US$200 billion or even US$2 trillion to Da Mao!
Of course, through this investment, Wang Ye also allowed two of his investment funds to successfully become Samsung's major shareholders, and he was also able to support the newly appointed president Li Fuzhen on the board of directors...
So no matter how you look at it, the money is well spent...
In addition, Wang Ye is not just helping Li Fuzhen this time, he is also working hard to promote the development of Damao's own light industry.
As we all know, Da Mao has a good heavy industry foundation, but almost no light industry, because it was all distributed to other brothers when it was "divided"!
It would be fine if those brother countries could develop light industry. Now that they are all members of the Eastern European Union and exempt from tariffs, Wang Ye no longer has to worry about these things.
But in the past nearly twenty years, now, because of Wang Ye's strong support, Damao's heavy industry has developed well, but the light industry in neighboring brother countries has long been abandoned!
It's even worse than Da Mao. Da Mao has several large-scale wholesale trade markets run by Wang Ye's New Sun Group. Since you can't produce it yourself, you can import it, so there are a lot of cheap goods from Asia. purchase.
Some smaller and poorer countries in the surrounding countries don't even have such large wholesale markets, so they have to go to the wholesale markets here to purchase goods!
Therefore, Wang Ye put the vigorous development of light industry on the agenda.
Of course, he didn't mean to make it as exaggerated as in a certain country where the entire system, entire industry, and all categories are covered. After all, Da Mao doesn't have that many people and doesn't have such a big market...
What Wang Ye wants to engage in is high value-added industries, such as chip wafers, electronic products, automobile industry, Internet, and finance. If he can do well in these pillar industries, plus the energy industry, which is his strength, Then Damao's economy will make a big leap!
In the future, you don’t need to worry about being choked by others...
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