Courtyard: My wife is Wen Li
Chapter 269 Partners
He Yuzhu looked at the remaining two people, "Aren't you going to ask for money?"
"Mr. He has strong financial resources. While acquiring MGM, he is also negotiating with Ford to acquire Volvo Cars. We are not worried that you have no money." One of them said with a smile.
He Yuzhu suddenly realized that it was not that the other party was optimistic about him, but that he knew his financial resources. He Yuzhu also smiled, "So, do you two want to talk about this time?"
"We just want to know if Mr. He needs a loan?" Another person said: "We can provide you with a high loan with absolutely favorable interest rates."
"Thank you, but I don't need a loan. I have no shortage of funds." He Yuzhu said.
"Then if Mr. He wants to list the company, please be sure to contact us." As representatives of the bank, the two naturally hope to have long-term cooperation in the future.
It is a bank that gives out umbrellas in sunny days and takes them back in rainy days. Now He Yuzhu is not short of money at all, and he does not invest a lot. He is not blindly pursuing money to make money, so his cash reserves are very rich.
Therefore, he will not take out loans. For example, businessmen always like to make continuous loans in order to pursue market dominance. He Yuzhu does not use this.
He made a lot of money during the Internet bubble last time, and he had accumulated a lot of dividends before, so he had the confidence to come to the United States to make acquisitions.
The two banks received the news from Goldman Sachs. They had in-depth cooperation with Goldman Sachs. After learning the news, they followed suit.
However, they are not trying to recover the loan. You must know that there is no interest in recovering the loan now, and their lawyers are not vegetarians.
The annual interest on a large loan is very considerable. This is a high-quality loan. Of course, the other party can repay it in advance, but that also requires payment of interest.
He Yuzhu is not stupid. Since the other party does not need to repay the loan in advance, the interest that should be paid must still be paid, so there is no need to pay it back now. Lion King Pictures will just rely on its own hematopoietic ability to pay it back slowly in the future.
The three of them were so scared that they had already transferred the funds until someone came in and told He Yuzhu that all the repayment issues had been resolved and the funds would be sent out one after another.
He Yuzhu nodded, and the other two people also said goodbye at the right time.
…
Negotiations with Ford ended, and He Yuzhu spent US$8.8 billion to purchase Volvo Cars, including its technology, car manufacturing plant, R\u0026D center, etc.
Ford finally relented, mainly because what He Yuzhu gave was cash. It is generally difficult to get all the cash for large-scale acquisitions in the United States. Most of them are equivalent assets such as equity.
And all the cash was very useful to Ford, so they finally relented, the two parties signed a contract, and He Yuzhu's name once again resounded in the United States.
This Oriental man actually made such large-scale continuous acquisitions, and the film company actually directly repaid US$1.5 billion. This financial strength is really shocking.
And his name also appears in China. For such a large-scale acquisition case, domestic reporters in the United States will naturally not let it go and directly send the communication back to China.
The Chinese people are very excited. Are our people able to go out and acquire foreign companies?
Chairman of Baiwei Group?
That's okay. Chinese people know the strength of Baiwei Group. They used to make food, but now they are acquiring film companies and automobile companies?
Ordinary people are just eating melons, but some domestic car companies can't sit still. He Yuzhu actually acquired Volvo?
This technology is very outstanding. This is a Swedish luxury brand. He Yuzhu, who had just completed the acquisition three days ago, received a call from home.
Wen Li complained: "You went to the United States, and now they have all found your home."
They are all car companies and want to cooperate with He Yuzhu, but where is He Yuzhu?
He had already planned to cooperate with Geely. How much does Geely cost now?
He used Volvo as the capital to invest in Geely and directly took Geely's shares. Isn't this great?
He didn't understand technology, "I understand. Give me Geely's phone number. If anyone comes, tell them directly that I already have a partner."
"Geely?" Wen Li was stunned. She had no idea about this brand and had never even heard of it.
"Yes!" He Yuzhu said: "I am going to use Volvo Cars as a shareholder to cooperate with them."
"Oh, wait while I look for it!" Wen Li quickly found the Geely boss's phone number from a pile of business cards.
After He Yuzhu recorded it, he was going to make a call immediately. After all, he didn't understand cars, so he wanted to cooperate with Geely as soon as possible, and then let Geely take over Volvo.
His people can just go directly to check on the personnel and property now. With the help of the law firm and the accounting firm, this is not a problem.
"Boss He?" Geely's boss Li received a call directly to his mobile phone. Looking at the caller ID, it seemed that it was from abroad. He guessed it was He Yuzhu and was very excited.
"Hello, Boss Li!" He Yuzhu smiled heartily, "Your movements are so fast!"
"This is natural. Volvo Cars is a well-known car company, and now it is acquired by Boss He. This is good news for our domestic automobile industry!" Boss Li said straight to the point: "Boss He is willing to cooperate with Geely? "
"Yes, I don't understand cars, but I know that this industry makes money, so naturally it's better to find someone to cooperate with. I'm optimistic about Geely and am willing to invest in Geely with Volvo." He Yuzhu also directly stated his purpose, "I don't know. How many shares are Boss Li willing to give up?"
He Yuzhu said that he didn't understand cars and invested only to make money. This meant that he would not intervene in management issues.
Boss Li thought about it and realized that the acquisition price of Volvo was US$8.8 billion. Geely is not even worth that much now!
"How about converting it according to market value?" Boss Li was very generous, "But if Boss He wants to sell shares in the future, he must sell them to me first!"
"No problem." He Yuzhu said: "My main business is still the food industry. This is my old profession. I can entrust the decision-making power of the board of directors to you, and I will fully support you."
"Thank you." Boss Li breathed a sigh of relief. The other party was willing to support him, so based on the shares that He Yuzhu might hold, he could fully control the company. "I want to share technology, and Volvo will continue to exist as a luxury brand."
"Yes, this will make it easier to enter the European market. You are professional in this regard." He Yuzhu said: "Now that people have taken over the personnel and property, let's start our negotiations as soon as possible."
"Prepare your personnel over there. After the contract is signed, go and take over the Volvo immediately."
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