The rise of nanometers

May 1st.

Huangming Solar Energy Company, which has been depleted of funds, announced that it would lay off 1,500 employees and is considering selling some of its properties to reduce its overall debt ratio.

At the same time, rumors spread throughout Texas and even the business circles in surrounding areas that Huangming Solar was going bankrupt.

Magic City.

Goldman Sachs branch in China.

President Rogers and venture capital manager Jiang Hua were also surprised when they heard the news.

Jiang Hua's expression was quite ugly: "Rogers, I just had a phone call with Huang Ming."

"How did he say?"

"The capital chain of Huangming Company is broken. Huang Ming hopes that we will spend 500 million yuan to help Huangming Company tide over the difficulties." Jiang Hua's face turned dark.

The current market situation of solar panels, let alone top venture capital firms like Goldman Sachs, even ordinary people know that the old solar industry is not going to work.

At this time, I am afraid that I am going crazy by injecting capital to increase my holdings. Goldman Sachs only wants to speculate in stocks, but does not want to become a major shareholder and take over the mess of Panhuang Ming Solar.

Rogers' hooked nose trembled slightly, his breathing became more rapid, and he shouted angrily: "NO, does he think we are fools?"

Jiang Hua then said: "In addition, our financial staff discovered that Huang Ming sold part of the land and factory buildings to a small company at a low price, less than one-fifth of the market price. He was planning to transfer the company's assets."

"Fake Squid, he is committing a crime!"

However, Jiang Hua, who understands Chinese laws, is very helpless. Huang Ming, who has absolute controlling rights, has the power to sell the company's assets at a low price and file for bankruptcy when the time comes.

The registered capital of Huangming Solar is 500 million, of which Huangming owns 72% of the shares, Goldman Sachs holds 14%, and Yinghui Group holds 14%.

Huang Ming had a maximum debt of 360 million, but the assets he sold at a low price amounted to more than one billion. By changing hands back and forth, he not only got rid of billions of debts, but also obtained the capital for a comeback.

"What should I do?" Jiang Hua fell into distress.

Suddenly a phone rang, and Rogers suppressed his inner irritation: "Hello, hello! I'm Rogers."

"Hello! Mr. Rogers! I am Li Ce from Magic City New World Investment Company. I heard that your company currently holds 14% of the shares of Huangming Solar? I wonder if you are interested in selling?"

Hearing the voice from the other side, Rogers quickly calmed down. A flash of thought flashed through his sunken eyes: "Mr. Li, the solar energy industry is not doing well right now. Are you sure you want to acquire it?"

"If the price is right, I can consider it."

Rogers covered the microphone with one hand and asked Jiang Hua in a low voice, "What do you think?"

"Someone wants to buy Huangming Solar Energy and find out the price."

Rogers let go of the microphone: "Mr. Li, the price is 400 million."

"Haha, then let's keep this share in your company's hands! Goodbye!"

"Mr. Li, don't worry. We can talk slowly. Isn't that how business is done?"

There was silence for a moment on the other side of the phone: "I will also give you a fixed price of 40 million. If you refuse, then just wait until Huangming Solar goes bankrupt!"

Rogers was furious: "Mr. Li, do you know how much we spent to acquire these 14% shares?"

"Iron ore back then was worth a thousand yuan a ton. If you want me to sell you tens of millions of tons, just sell it for a thousand yuan a ton." Li Ce said sarcastically.

"Mr. Li, let's each make a concession, how about 150 million?"

"30 million, if you don't want it, hang up the phone."

"Fake Squid."

Rogers hung up the phone immediately.

Jiang Hua on the side was not angry, but was thinking about the origin of the acquirer. Soon he had a clue: "Rogers, I think I know who is acquiring Huangming Solar."

"who?"

Jiang Hua replied affirmatively: "The Suiren system."

"Suiren Department?" Various thoughts flashed through Rogers' mind, and he immediately understood the connection. Now that the old solar energy industry is declining, the only force with the motive and strength to acquire Huangming Solar Energy is the Suiren Department: "It's really just them."

Jiang Hua analyzed: "Judging from the attitude of the other party, they are determined to win. If we do not sell Huangming's shares, the possibility of Huangming's bankruptcy is very high."

"Jiang, what's your suggestion?" Rogers had a headache.

"Sell it! Otherwise you won't get a penny, and you'll have to pay 70 million in compensation."

Rogers was very depressed, but in the end his reason overcame his anger. To do venture capital, you must have the courage to face failure: "Jiang, you are solely responsible for this matter!"

"It's better to report to the US head office first!" Jiang Hua didn't agree casually. He took full responsibility for what he did well. Taking full responsibility for this kind of thing is the fate of a scapegoat.

"..." Rogers said without changing his expression, "Then report it to the head office!"

"OK."

Fighting between capitals is like this sometimes. Goldman Sachs chose to stop its losses in time and sold 14% of its shares in Huangming Solar to Shanghai New World Company for 30 million.

the other side.

Huang Ming also personally reached an agreement with Yinghui Group and used 45 million to repurchase 14% of the shares held by Yinghui Group.

When all share repurchases are completed.

Huang Ming Solar and Long Totem Company quickly reached an agreement, with Locust Ant Company investing 180 million to acquire the 53% held by Huang Ming, plus the 14% acquired from Magic City New World Company, reaching an absolute controlling stake of 67%. .

Huang Ming's personal shareholding dropped to 33%.

But Locust Ant Company did not hold on for too long. On May 12, it reached an agreement with the Social Security Fund to sell 33% of Huangming Solar's shares to the Social Security Fund at a price of 540 million.

However, in the terms of the cooperation between the two parties, Locust Ant still holds absolute controlling rights in Huangming Solar, and the social security fund only has the power to distribute dividends and financial supervision.

For the management of Huangming Solar, Locust Ant Company adopts a supervision model, and the president is still former chairman Huang Ming.

Huangming quickly took a stake in the second largest solar energy company in Texas, and then followed the strategy of Long Totem Company. Long Totem and Huangming were responsible for the upstream production of solar panels, that is, the supply of raw panel materials.

Other downstream industries such as solar water heaters, solar street lights, and solar chargers are still divided among the original hundreds of companies.

On the other hand, Huangming received an injection of capital from the social security fund, and with the actual control of the Suiren Department, the local property rights issue in the Sun Valley Industrial Park was immediately assigned a working group to resolve for Huangming Company.

The preliminary integration of Texas' solar energy industry has also prevented domestic companies from killing each other.

However, there are only two companies, which is not enough.

The five major power generation groups are also divided into two groups. They plan to invest in two solar panel manufacturers respectively and then move to Texas to form a Chinese solar industry cluster.

It’s just that the plan is still being prepared and it will probably take some time.

Those downstream companies have not been affected much.

In addition, because companies such as Huangming have given up the low-end market, companies that produce polycrystalline silicon and monocrystalline silicon solar panels are gradually forming several relatively large-scale companies.

In fact, the mid-to-high-end industrial layout is also conducive to entering the international market.

The five major power generation groups planning to develop photovoltaics on a large scale need to ensure the security and stability of the supply chain and avoid the emergence of monopoly giants.

Although the Suiren Department has mastered the upstream of the solar panels, at least they have not eaten them all. This result is satisfactory to both parties.

Thank you for your support, I'm a little late (ω)