Automotive Black Technology Chapter 444: : Both shares and people are gone
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Although the American branch has just been established, and even the office building rented by the company has not yet been renovated, it already has a complete framework.
The team headed by Mason was going through the approval procedures with the cooperation of CPM Group on one hand, and on the other hand, it was conducting tug-of-war acquisition negotiations with the OEM in Detroit.
The full name of the OEM company is actually Occident.Engine.Machinery, which means Western Machinery Industry.
This company was actually very famous when it was first established. On the one hand, this is because the company adopts internationally advanced production equipment and models, and on the other hand, the company's co-founder, Culbo, once served as the chief design engineer of Euroleague and Mercury.
With these two cores in place, there is no natural reason why OEM cannot develop.
But just like the Chinese ancestors always talked about luck, this company can be described as being born at the wrong time;
When the company was founded, it was during the relatively stable years of development in the United States, that is, from 2004 to 2006. To be honest, at that time, there were some unprofitable car manufacturers in Detroit.
But by the end of 2006, affected by the subprime mortgage crisis, the entire Detroit automobile industry was in decline.
OEM, a company with an unstable footing, was immediately hit and its capital chain was broken. As a result, two models under development were stranded, which severely stabbed the company in the heart.
Immediately afterwards, Old Coulbo passed away due to a heart attack, leaving the company without a leader and directly abolishing martial arts. We can only rely on our equipment advantages to earn some pocket money by doing OEM work for other vehicle companies, and try to stay afloat without going bankrupt.
To be honest, selling the company for US$500 million would be a huge loss for all shareholders. You must know that OME had raised 1.5 billion in capital back then.
With US$500 million, the equipment money can be recovered.
But there is no other solution if we don't sell it. The company has indeed reached a stage where it can no longer operate. Several shareholders felt like grass growing in their hearts and wanted to throw away the hot potato of OEM.
But the company's largest shareholder, C.J. Culbo, the old son of Culbo, still refused to let go.
Because he holds nearly 40% of the company's shares, he has veto power.
OEM companies are listed companies.
According to Mason's idea, if Zhengxin's US branch is listed and equity mergers and acquisitions are carried out, more than 50% of the company's shares can be obtained, so that the OEM's decision-making power can be controlled.
But Li Fanyu has no interest in the capital market at all, and in his opinion, the many regulations faced by companies going public are too cumbersome, and the capital market situation in the United States is too complex. Li Fanyu, who has not been exposed to these, dare not venture into it. .
So in order to maintain the independence of Zhengxin's American branch, persuading Culbo became the biggest difficulty in front of us.
Li Fanyu has been stuck in Detroit for a week. He did not participate in the negotiations, but he has been paying attention to the progress.
Facing Mason's report at this time, he was also very helpless; this Culbo was really a stubborn donkey.
All the seven shareholders of the company have agreed to transfer their equity, but this Kuerbo is the only one who refuses to let go.
"Mason, man, can you get in touch with Culber alone? What does he want?"
Mason shrugged, "BOSS, this guy is just a piece of wood. I have already talked to him alone. This guy is still thinking about developing the two unfinished models of his father. Trying to use these two models to save the company! ”
Li Fan was overjoyed, "He is a persistent person. But... R&D requires money. Their situation is already like this, so why should they do R&D? Uh? Wait... they still have a R&D team?"
"Yes, but the scale is pitiful. Little Culbo is taking engineers from several companies to carry out the project. I went to see it on the spot. The progress of the project has reached 70%, but the progress is now slow. Like a turtle. To be honest, if some of the company's technical engineers weren't loyal to the old Culbo, and if the younger Culbo wasn't a PhD student at Stanford University's School of Engineering, this unfinished project would never have gone ahead.
Oh?
So awesome?
Li Fanyu rolled his eyes and said, "Interesting, let's make some arrangements and I'll talk to him personally."
"Good boss!"
……
In a nice restaurant in Detroit, Li Fanyu and Kuerbo were looking at each other.
Kulbo is only thirty-five years old this year, but maybe he was worried too much after his father passed away. Judging from his appearance, he must be at least forty years old.
To describe this guy, slovenly is simply putting it mildly. The Sloppy King that Li Fanyu watched when he was a kid might have been more agile than him;
The suit on his body is baggy, and the pure cotton shirt is full of wrinkles. I don’t know how long it’s been since I polished my leather shoes. Maybe it’s because I’m always in the lab, and my face is almost abnormally pale. He had a thick golden beard with some red sauce on it. Li Fanyu could smell the pizza smell coming from this guy across the table.
"Are you going to acquire an OEM company?" Without politeness, after looking at it for a while, Culbo asked with a hint of hostility.
Li Fanyu spread his hands and said, "As you can see, it's right down there."
"How old are you? Nineteen? Twenty? Oh...man, can you enter a bar legally?"
Watching him chattering incessantly, Li Fanyu really wanted to strangle this guy to death - he deserved a beating.
But looking at this guy's outfit, Li Fanyu wisely took a deep breath; he was paralyzed and could not be like a nerd who was malnourished due to eating pizza every day.
"Haha, Mr. Coulbo, I came to you today to talk to you about the acquisition of an OEM company. If you are particularly concerned about my age, then I can tell you responsibly that I can legally enter the company. Bar. And not only can I enter the bar, but I am also rich enough to buy OEM without any effort. Of course, if you don’t agree to transfer your shares.”
Im’rich,
Li Fanyu had a sullen look on his face when he said this, which made Kuerbo angry.
"Hey, listen! I don't care about other people, but as long as I'm alive, you can never take this company away from me. This is the hard work of my father for half his life! Even if you try my best All in all, the two models he left behind must be put into use!”
Fuck!
Li Fanyu is most afraid of this kind of person. It is difficult to convince a person who is almost paranoid about something and values too much superficial meaning.
He sorted out his thoughts, looked at Culbo whose eyes were bloodshot and said: "Culbo, I have heard about your father. But I think you also know the current situation of the company. With your current conditions, you can still It’s impossible to complete the project.”
Kulbo wanted to refute, but thinking about the research and development progress that had been stalled for a long time, he fell silent.
It is undeniable that Li Fanyu is telling the truth. The company has indeed reached the end of its rope. Those engineers and workers who have worked with their father since the company was first established will no longer be able to pay their wages next month.
Under such circumstances, it was indeed extremely difficult for him to carry out the two sports cars that had been his father's half-life effort.
Before coming, Li Fanyu had already learned about these two R&D projects through OEM shareholders, and also fully understood Kulbo's current predicament. In response to this, while waiting for Culbo's appointment just now, he had a preliminary idea in his mind.
Seeing that Culbo was silent, he whispered, "Culbo, you are a talented person. To be honest, under such harsh conditions, you can still push the progress of the project forward with limited conditions. , This is very admirable. I have a proposal to make your father's hard work available. I wonder if you are interested in hearing it?"
"You said."
"Transfer your shares to me and stay in the company. I will carefully evaluate your project, and if conditions permit, I can help you complete the project at some time in the future. How about it?"
Kulbo sneered: "Do you think I will believe your lies?"
Li Fanyu spread his hands and said, "Kulbo, the shares you hold only account for more than 40% of the company. If I acquire the shares of other shareholders, I can still control the company. Now I Sitting in front of you is entirely out of respect for you father and son. Otherwise... why do you think I am talking to you?"
Looking at Li Fanyu, who looked calm and calm, Kuerbo’s eyes wandered...