Under the guidance of westero system, after annexing Kia, Samsung soon made the decision to invest and build a factory in China. On the one hand, it is inevitable to develop overseas markets; on the other hand, it is also an attractive prospect for China's automobile market.
Last time Samsung team went to Suzhou for investigation and negotiation, this time is a return visit from Suzhou.
Just in South Korea, Chen Qing accompanied the representative team in the whole process, and Lee Chien hee, the leader of the Lee family of Samsung, also attended in person. In the morning, he visited the car factory in Seoul, which belonged to kia before, but now is owned by Samsung. He received a banquet at noon and started a two-hour seminar at 1:00 in the afternoon.
After a busy day, a joint venture factory project with a total investment of 2 billion yuan and an estimated annual output of 100000 cars has been basically determined. Suzhou local state-owned enterprises hold 55% of the shares and Samsung motor holds 45%. It is worth mentioning that five of the funds that Chinese enterprises need to invest this time will be provided by foreign financial institutions recommended by westerlow system in the form of low interest loans, so as to reduce the financial pressure on China.
Due to the financial crisis, in order to avoid the blind investment of governments at all levels pushing up the debt, the approval of large-scale projects has become more and more strict, especially in automobile related industries. In addition, Suzhou is too close to Shanghai, and the major car companies in Mordor certainly do not want to see a strong competitor in the nearby city carve up the market.
Therefore, whether the project can be approved by the central government or not is still an open question.
For Suzhou, the advantages and disadvantages are obvious.
The disadvantage is the lack of automobile industry foundation, which is likely to become the main excuse for some people to snipe the landing of Samsung joint venture car factory.
The same is true of advantages.
There are no large-scale automobile enterprises in the local area, even the whole Jiangsu Province, and the foundation of automobile industry is relatively weak, so it will urge the local government to give full support. After all, even if Jiangsu and Shanghai are adjacent, they belong to the same provincial administrative region, and their interests are different after all. The local government will certainly not take the initiative to back down in order to accommodate Shanghai auto enterprises.
And the money.
Half of the 1.1 billion yuan that China needs to invest comes from the low interest loans provided by the westero system, which greatly reduces the local financial pressure.
Finally, political achievements.
The economic data growth driven by the 2 billion project is considerable, so some people have to do their best.
In a word, it's not easy to hold back the temptation to push out the 2 billion projects here.
Chen Qing is actively involved in this project, of course, mainly for the benefit of her own westero system.
In addition, the reason why Chen Qing took the initiative to help local governments solve half of the capital problem is that she followed her boss's orders to entangle the Li family of Samsung in the auto business. Otherwise, Chen Qing would not have taken out a low interest loan of 550 million yuan. It is not impossible to double the amount of the money invested in other places for the same 10-year period, but she can only get 6.5% annual interest this time.
At three o'clock in the afternoon, the symposium ended.
Chen Qing patiently bid farewell to the Chinese delegation, Li Jianxi and other Samsung executives, declined the invitation to the evening reception, and finally got away.
After leaving the headquarters building of SamSung group in wuqiaodong, Zhonglu District, Chen Qing got on the bus, followed Lin Guili, who was sitting beside her, and took a look at her still energetic boss. After a pause, she said, "Mr. Chen, Samsung's condition is obviously very bad. Why do we try our best to promote this project? I mean, even if we want to promote cooperation, Modern seems better? "
Samsung has a lot of worries.
Samsung has long wanted to enter the auto market, but the biggest obstacle is not the capital, but also the approval of the authorities. Three years ago, in order to get a car production license, Li Jianxi was forced to agree to a plan given by Kim Yong San's government to build a Samsung car factory in Busan.
Kim Yong San's administration is purely out of political considerations. In order to gain regional support, it does not consider whether Busan is suitable for building a car factory.
Due to the bad environment and incomplete supporting facilities, the construction cost of Samsung Busan factory far exceeds that of other Korean car companies. At the same time, the construction cost of a factory opened by Hyundai in South daoyashan City, Zhongqing, South Korea, is 200000 won per square meter, while the construction cost of Samsung Busan factory is as high as 1 million won, which is five times as much.
The results are conceivable.
At the same time of taking over Kia, Samsung Busan factory's first batch of cars officially began off-line sales in March after a year of publicity.
Due to the financial crisis, South Korea's domestic demand for cars has plummeted. Samsung can only keep down the price. At present, every car sold will lose 1.5 million won. If we don't produce and stop selling, we will only lose more if we depreciate the 600 billion won factory, plus the huge salary expenses of 5000 employees.
It's hard to ride a tiger.
In order to solve the problem of Samsung's car sales, the whole Samsung Group has launched a compulsory apportionment, requiring employees to buy, including Samsung Electronics, which is nominally a part of the Samsung chaebol. Still out of the strategy of her own boss, Chen Qing did not block this, but also let the senior executives of vestro system stationed in Samsung Electronics take the initiative to cooperate.
Now, Samsung can only expect to straighten out Kia's assets as soon as possible, so as to use Kia's perfect supply chain and global sales network to dilute costs and open up sales.
In fact, it has completely lost the control of Samsung Electronics, and the auto business is a backwater battle for the Li family of Samsung.
Even Simon, who is standing behind him, hopes that Lee will succeed.
After all, the trend of the industry is here. No matter how successful Samsung automobile is, the downhill trend of the traditional automobile industry is inevitable. As long as the Li family of Samsung has some sustenance, it is less likely to make trouble on Samsung Electronics.
This time, we try our best to help Samsung enter China this time, which is the same consideration.
However, Chen Qing would not explain this deep consideration to Lin Guili. When asked by the female assistant, Chen Qing simply ignored it and said, "if you have time in the evening, please call the latest batch of candidates to show me."
Seeing that her problems were ignored, Lin Guili didn't say much. She nodded and agreed. She looked at her memo and said, "Mr. Chen, during the meeting, the assistant of LG president Ju Benmao contacted me. President Ju hopes to meet you?"
Chen Qing directly refused: "no time."
With the collapse of Daewoo, LG, which did not give in to the Westeros system at the beginning, also felt the crisis more and more. The reason why the Westeros system has not yet taken action is mainly to split Daewoo and digest it. However, some foreshadowing measures for LG have been implemented.
LG home is obviously starting to worry.
Chen Qing is not in a hurry. She plans to stay with her for a while.
When Lin Guili saw Chen Qing say so, she didn't ask the reason this time, and then said, "besides, our team has signed an acquisition agreement with mini6 studio, the developer of ice age. This is the outline of the agreement. In addition, SK entertainment, life and death spy will kill the youth tomorrow. They have arranged a youth killing banquet and invited Mr. Chen to attend?"
Chen Qing quickly browsed the acquisition agreement with a value of 3 billion won. She was very satisfied. Mini6 only spent 3.5 billion won on the development of ice age. In addition, there are several stand-alone games in sales, even if it has to bear the debt of about 1.7 billion won. Considering that it can win the company 100% cleanly, it will definitely not lose money.
Think about being angry with another project.
As for aCrab online, the developer of paradise, this is Chen Qing's first goal since she came back from the United States last time. Even if in order to win the company, Jiang Qizhi, the founder and President of aCrab, used the means of forcing banks to press debts, he still stubbornly refused to sell all the shares.
In fact, this is understandable.
At the beginning, the three projects recommended to our boss as cases, the operation of ice age is at a loss, and the development progress of wind country II is stagnant due to lack of funds, so it is easy to give in completely. In addition to "paradise", this game has completed the closed test and was originally planned to go online in June.
It's like a movie.
The project has been successfully completed, investors and directors are more optimistic about the situation, we must push into the cinema, and will not easily sell to the publisher.
Chen Qing talked with her boss and finally agreed to let aCrab President Jiang Qizhi and another major shareholder of the company keep 10% of the shares and take 80% of the shares.
With a little concession and some other games, the two sides reached a deal.
20% doesn't seem to be much, but before the acquisition, Jiang Qizhi and the small investment fund held only 53% of the shares. They sold the company at the price of 6 billion won and retained 20% of the shares, which means that they not only recovered all the previous investment and had a surplus, but also retained the possibility of earning more in the future. It's definitely a very cost-effective business.
Chen Qing can also accept her boss's idea of expanding the westero system, which focuses on control rather than monopoly. However, as she stands now, she is forced to give in by a small company with a value of only $2.3 million, which is hard to avoid.
Hearing another question in her ear, Chen Qing refused: "no, let them prepare a rough cut sample for me as soon as possible."
It's for your boss, of course.
Lin Guili nodded and agreed.
They talk about things. The car goes through the northern urban area of Seoul, across the Han River, and comes to aCrab headquarters in yisandong, Jiangnan district.
There is still some time in the afternoon. Even though she is dissatisfied with Jiang Qizhi, the leader of aCrab, Chen Qing still strictly abides by her boss's orders. According to Simon's opinions after taking time to play in recent days, she plans to discuss with aCrab's team about the modification plan and the release plan.
To buy these studios in advance, Chen Qing adopted her own shell company in order to avoid being forced to start. In the next release, these small companies will not be allowed to do it by themselves. The three entertainment giants in South Korea, as well as China and the United States, will start to follow up.
In addition, these studios will also be affiliated to sk entertainment, Samsung entertainment and modern entertainment, which are controlled by westero system.