Chapter Five Hundred and Thirty Kodak's Acquisition Proposal
"Kodak hopes that the entire industry will acquire Chinese film companies, and I am feeling embarrassed about this matter." Boss Zhu said to Fan Wubing.
Among the policy commitments put forward by Boss Zhu, it is the most impossible task to let state-owned enterprises go through three years to delay difficulties. Because the spokesperson of the Ministry of Finance announced a reality that is quite desperate in a situation report. The Ministry conducted a random check on the annual accounting statements of 100 key state-owned enterprises, and 81% of the enterprises have false assets and false profits.
The spokesperson did not explain why this happened, but everyone knows why this happened.
"State-owned enterprises have reached a point where they must be reformed." Boss Zhu said to Fan Wubing, "My solution is to reform, reorganize, transform and strengthen management, and the strategy implemented is to resolutely and thoroughly implement the national withdrawal and private advancement in non-key industries."
"Oh, then, Kodak's proposal for the entire industry acquisition is a touchstone?" Fan Wubing immediately understood Boss Zhu's intention. It seemed that he wanted to pass a not-very important industry pilot to verify the correct and feasible strategy of his national withdrawal and private advancement strategy, and then use this as a sample to promote the national withdrawal and private advancement in non-strategic industries.
According to Boss Zhu's vision, the country only needs to implement key control over industries that are related to the lifeline of the country. In non-key industries, competition can be introduced, and private capital can be used to actively promote the competitiveness of the industry, so as to achieve the goal of prospering the market and enhancing vitality.
According to the content being negotiated by both parties, the Chinese government agreed that Kodak, the leader of the global film industry, will implement an industry-wide acquisition of China's film industry. According to the agreement, all seven companies in the Chinese film industry will establish joint ventures with Kodak, and Kodak promises to invest billions and bring world-class photosensitive technology to China.
Fan Wubing immediately frowned after hearing what Boss Zhu said. He had never paid attention to this before. He only thought of many films he had seen before, which gradually disappeared in the years after 1998, and the market hags were Kodak's film.
It turns out that there is such a business here! Fan Wubing's mind immediately started to turn around.
In fact, the plan proposed by Kodak was born four years ago. At that time, the new Kodak president Pei Xuede asked to meet Boss Zhu in Hangzhou and proposed this motion for the first time.
At that time, Kodak was in an unprecedented disaster. This old company that had been popular for a century due to the discovery of photosensitive agents was strongly impacted by Riben Fuji. In the European and American markets, Kodak suffered a steadily retreating and was burdened with a huge debt of more than 10 billion US dollars.
There was once a black e humor circulating in Kodak: What is the difference between Kodak and Titanic? The answer is: there are symphony accompanying the Titanic shipwreck.
In the Chinese market hag, Kodak is also a laggard. Fuji occupies 70% of the Chinese film market with hag market share. If it passes through conventional market competition, Kodak will not be able to win.
Therefore, when Pei Xuede suddenly proposed to China that the entire industry would acquire Chinese film companies, everyone present felt it was absurd. This was a topic that had not been discussed in advance, and even Pei Xuede's senior entourage heard about it for the first time.
However, only Boss Zhu didn't think it was a whimsical idea, because in his heart, he was planning another game of chess.
"If Kodak's current situation is overwhelming, then the Chinese film industry is considered to be desperate." Boss Zhu said to Fan Wubing, "Like the household appliances, beverages and other industries, the transformation of China's film industry after the reform and opening up also started with the introduction of complete sets of equipment. Since the early 1980s, local governments have rushed to establish projects, and successively introduced complete sets of color e film production lines from Kodak, Fuji and Germany's AKF. Among them, Xiamen Fuda and Kodak's introduction projects invested 1.5 billion yuan, Shantou AD
The project cost with Fuji is as high as 4 billion yuan. In just ten years, China built seven film factories, becoming the country with the largest number of film companies in the world. All the chronic diseases of state-owned enterprises have emerged in the film industry in a concentrated manner, huge repeated investment, lack of technical digestion, lack of market competition, rigid mechanisms and chaotic management. By around 1993, domestic film companies had all suffered losses, and the total industry debt exceeded 10 billion yuan. Faced with such a situation, I was helpless."
It was at such a moment that Pei Xuede, who was also in trouble, pointed out a bright path.
When Boss Zhu talked about this, his spirit was a little refreshed. "In my opinion, Kodak's plan is tempting. In the process of the Chinese government's reform of state-owned enterprises, Kodak will bring three things, one is technology, one is world-class management, and the other is investment of at least one billion US dollars."
However, Kodak's requirements are also exclusive. They do not allow any foreign competitors to enter China because they want to reorganize existing old companies while other competitors can build new factories from scratch, which is unequal.
"But from the beginning, Kodak's plan faced two major obstacles, one was the rebound of domestic film companies, and the other was the boycott of Riben Fuji." Boss Zhu said to Fan Wubing, "So from the beginning, someone was calling me a ***!"
Fan Wubing smiled and shook his head.
Indeed, it is an unheard of practice to entrust an important industry to a multinational enterprise in the history of Chinese enterprises. Not to mention that each enterprise already has different partners, and there are many conflicts in the market. In fact, this motion itself means that the entire national film industry is wiped out.
In recent years, domestic local enterprises have emerged and calls for revitalizing national industries have been heard. The boycott of Kodak's plan is natural. At least everyone has set up a flag and it makes people feel a little unstoppable. This is the national pig*.
"The national pig* is a double-edged sword. If used well, it is a sharp weapon to hurt people. If used poorly, it is a sharp weapon to harm others." Fan Wubing said to Boss Zhu, "For the film industry, China's overall film industry is too deeply influenced by Ri himself. There are huge profits, but they are all made. Even if it is reorganized under the slogan of revitalizing national enterprises, it is inseparable from Ri himself's own black hand. Now everyone shouts like this, it is nothing more than some interest groups behind the scenes. Besides, what is important about a film seller? Is it related to the national economy and people's livelihood?"
After hearing Fan Wubing's words, Boss Zhu's face was much better and said with a smile, "Well, your words are similar to what I mean. At that time, someone said that the proportion of state-owned enterprises has decreased and the proportion of private enterprises has increased. Will the social pig* change? I said that the qualitative change of **ig depends on the lifeline of the economy. As for those hamburgers, a few films, hair clips, and how many foreign investments do you have? "
"But many people can't understand this principle because they cannot look at problems from a global perspective, and their vision is naturally limited. Therefore, the opinions of these people can be regarded as farting and ignore them." Fan Wubing said, "However, as Ri himself, who monopolizes the Chinese film market, how is the reaction? The power of boycott should be very strong, right?"
"Ri's reaction is not enough to worry about." Boss Zhu was very relaxed when talking about this issue.
"Oh?" Fan Wubing felt a little strange. Ri himself has always been the best at operating in China. How could he not find a few powerful official supporters?
Boss Zhu quickly explained the inside story, which surprised Fan Wubing.
Since Kodak's proposal to acquire the entire Chinese film industry has been circulated, Rimon Fuji, a monopolist of the film market, has naturally been very fierce.
Kodak's motion is obviously a monopoly in the industry. Once the case is finalized, it means Fuji's exit from the Chinese market.
However, a bit unexpected, Fuji found that he could not find a sympathizer in China.
The reason is because of some things that happened before. At that time, the Shantou AD factory introduced equipment from Fuji with a huge amount of 4 billion yuan, and later a business crisis occurred in the AD. In order to solve the problem, the then Guangdong Governor personally took the management of the AD factory to the Ride Bank, hoping to get help.
But unexpectedly, their request to meet with the Fuji leadership was ruthlessly rejected. He himself believed that the AD crisis was the Chinese people's own business and had nothing to do with them. The Chinese and his group were waiting in Tokyo for several times, but they turned out to be empty-handed and returned in disappointment.
This incident of refusal soon spread in the Chinese political and business circles, causing many people to grit their teeth.
Therefore, when Fuji tries to boycott the Kodak case, it is difficult to find a powerful person who is willing to come forward. It is easy to help anyone, but if you help Ri himself, you will be pointed at the nose and scolded as a sermon in person. It is not necessary to do so.
After hearing this explanation, Fan Wubing looked at Shen Ying and found that she was putting her elbows on the table, holding her face and watching herself pass the time. So she asked her, "Mr. Shen, what do you think of this?"
After hearing this, Shen Ying laughed and said, "Are you testing me?"
"Where is it? We are not outsiders." Fan Wubing said with a smile.
Boss Zhu looked at the two young men and women talking and laughing at each other here, and felt a little relieved. "Who solved this problem, I will write him a copy of the characters, and it is signed." Then he smiled, "I am famous for not writing inscriptions. You can collect them well, and it will increase value in the future."
After thinking about it, Shen Ying said, "Kodak is losing money worldwide. The key reason why he has attracted the Chinese market is that they have attracted a little bit, that is, in a short period of time, China's film industry will continue to maintain a high-speed growth. Therefore, Kodak has suppressed its future to China's chess hag, and is willing to invest a huge amount of $1 billion to reorganize."
Seeing that Fan Wubing and Boss Zhu were nodding in praise, Shen Ying's thinking suddenly became very clear, and then analyzed, "But as far as the current situation of the domestic film industry is concerned, if Kodak joint ventures are different, the technology hag and equipment hag are old and old, and can only be used as raw material exporting countries for Ri-based Fuji, and they can make a lot of money for them to make money for nothing. Domestic film companies are still following the old path of loss and bankruptcy, and there is no hope. So I think joint ventures are inevitable, at least Americans are willing to provide advanced technology and real money. Even if we know their ideas, objectively speaking, this condition is acceptable. No joint ventures, no road, joint ventures, or new hopes."
After hearing this, Boss Zhu said to Fan Wubing, "Your President Chen is also very good. He explained the problem clearly in a few words. He is much better than many of our so-called experts."
Fan Wubing smiled, said with some satisfaction, and then said, "Actually, this proposal is acceptable, but if a slight adjustment is needed, we will gain greater benefits and will make this joint venture a classic case in the future."
"Well, let's talk." Boss Zhu still valued Fan Wubing's opinion more. Hearing this, he looked forward and asked very seriously.
Fan Wubing waved his hand and said, "Kodak may not be able to accept all reorganizations in the seven domestic companies. I think it would be good if they could reorganize half of them. The rest is probably just to spend money to dismiss. In this case, there are still some criticisms. Therefore, I would like to make a suggestion that our Fan Investment Group will also participate in this joint venture as part of the entire acquisition."
"This case is very troublesome. If you are a good player, it will probably be even more difficult to deal with?" Boss Zhu pondered, but he still said, "What's your purpose? Let me explain it clearly first. I think there is too much conflict?"
"If there are many conflicts, I won't mention it." Fan Wubing said with a smile, "What I mean is that Fan's Investment Group invests US$200 million in proportion to participate in this joint venture project, only participating in shares and dividends, not participating in management. Another thing is that if Kodak wants to close several of these factories, we, Fan, can digest the dismissed workers."
"What additional conditions should you have? Otherwise, it would be impossible to be so kind?" After hearing Fan Wubing's words, Boss Zhu first thought of something additional conditions for Fan Wubing, otherwise it would be impossible to pay for help so easily, and also help solve the whereabouts of the employees who were dismissed.
Both of these conditions are considered to be the biggest criticism for helping him solve the biggest criticism. First, it is not completely acquired by Kodak, and second, there is no problem of dismissed employees. The problems of ** and laid-off are solved, and I will definitely be less scolded.
Chapter completed!