MTL - Reborn Capital Empire-v2 Chapter 638 Fairchild Dornier Aircraft

Chapter 638 Fairchild Dornier Aircraft Company

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"In July 2003, Alloy Co., Ltd. announced that it would acquire its partner, Maury Corporation, the three largest garden machinery manufacturers in the United States. However, due to the lack of funds in the later period of Delong, the project is currently in a state of stagnation."

"In addition, under the auspices of Delong, Alloy Co., Ltd. also acquired the flagship 'Minsk' aircraft carrier of the Soviet Pacific Fleet, and invested 500 million Chinese dollars to establish the first aircraft carrier-based beach on Shatoujiao Beach, Dapeng Bay, Pengcheng City. Theme parks. However, when Delong integrated its tourism resources and established Delong Tourism Group, the project was separated from Alloy Shares.”

"At present, Alloy Shares has total assets of 8.7 billion Chinese dollars, liabilities of 3.25 billion Chinese dollars, operating income of 2.23 billion Chinese dollars and net profit of 150 million Chinese dollars in 2003. Similar to the Tunhe Group, Alloy Shares also suffer from mismanagement and excessive The profit of Tunhe Group was extracted for financial investment, and the guarantee was violated in violation of regulations, resulting in untimely equipment update, low efficiency, bloated personnel structure, overstaffing, and rampant corruption. Since Delong took over to the present, the main business income of Alloy Co., Ltd. has reached 6 It expanded to 22.15 times over the past year, but the net profit margin dropped from .18% to 6.29% in 2003."

After signaling Wu Xiaojing to rest, Guo Shouyun said, "Compared with Tunhe Company, the situation of Alloy Shares is a bit more complicated. There are two most critical issues; first, what are the main businesses of Alloy Shares to keep? How should the business be handled?"

Everyone looked at each other, but no one spoke first.

"What? Are you embarrassed to say it? Since that's the case, I'll order it!" After a pause, Guo Shouyun quickly scanned the crowd, "Wu Feng, can you tell me?"

"I?"

Wu Feng was stunned. Although he is very confident in himself, there are so many big guys here. And each one is closer to the big boss than himself. No matter how you look at it, you shouldn't speak first.

"Afraid?"

Seeing Guo Shouyun's smiling expression and the scrutiny eyes of everyone around him, Wu Feng took a deep breath, calmed all the distracting thoughts in his heart, and said solemnly, "Of course not."

"Then talk about it!"

After Wu Feng nodded, "My idea is to keep the nickel alloy business, the power tool business and the garden machinery production business, and then sell the rest of the business. In addition, we should be thrifty in corporate management, eliminate redundant personnel, and increase investment in research and development. Optimize production equipment. Secondly, for machining enterprises, the quality of workers is also very important. We should set up reward and punishment conditions and a training system to improve the technical ability of workers!"

There is no doubt that he carried some private goods among the questions asked by Guo Shouyun. Its purpose is self-evident, it is nothing more than wanting to show more in front of Guo Shouyun and strive for the opportunity to become the CEO of Alloy Shares.

In this regard, Guo Shouyun didn't say much. It is normal for young people to love to behave! It was the same when he was young. Of course, now he just has a youthful appearance, but inside is a middle-aged mentality.

After waving Wu Feng to sit down, "What do you think?"

"I think the nickel alloy business, power tool business and garden machinery production business can be retained in the alloy shares. However, the Jingcheng Taihe Gold Company and Jinling Machine Tool Factory should be separated from the alloy shares and operated independently, and only sell the Fairchild Dornier aircraft. Company." Chen Yu said.

"The reason?" Guo Shouyun nodded and said.

"From the information provided by Delong and our on-the-spot inspection. Jingcheng Taihe Gold Company has assets of 179 million yuan, net assets of 93 million yuan, main business income of 42 million yuan, and net profit of about 7 million yuan. Jinling Machine Tool Factory, which owns Jinling and Shancheng With two branches, the company has total assets of 478 million Chinese dollars, net assets of 298 million Chinese dollars, main business income of 89 million Chinese dollars, and net profit of 14.7 million Chinese dollars. The CNC lathes, CNC milling machines and machining centers produced by them are in the domestic market. With a certain market share, gear hobbing machines, gear shaping machines and gear shaving machines are also popular in the domestic market.”

"If the liabilities caused by Delong's illegal occupation of the company's net profit are excluded, Taihe Jin and Jinling Machine Tool Factory are high-quality assets with stable returns and good development prospects. In addition, Delong's additional liabilities to the two companies are about 190 million yuan. Huaxiacoin, under the condition of huge debt, we will not get too much income from selling the two companies. Secondly, now Huaxia is reducing credit, restraining the overheating of the economy, the macro environment has caused most companies to shrink, expand mergers and acquisitions The size of the company has been reduced by two-thirds compared to last year, and if we sold at this time, our loss would be even greater.”

"Therefore, I don't think the two companies can be sold at this time. Instead, we should choose a suitable professional manager and invest a certain amount of money to allow them to develop independently. The shares should be entrusted to the Oriental Trust until the repayment is completed. With its own debt, it will achieve better performance and the macro environment will improve, and it will not be too late to sell when there is a more suitable price."

"As for Fairchild Dornier Aircraft Company, I think it should be sold immediately." After a pause, "Although Fairchild Dornier is the world's top three regional aircraft company, it has invested too much in the 728 aircraft project and had to sell itself to save itself. Delong Group attaches great importance to the development potential of the domestic regional passenger aircraft market, and with the support of the Shaanxi Provincial Government, jointly bid for the Fairchild Dornier 728 aircraft R&D department and this project with Changan Aircraft Company.”

"However, due to Fairchild Dornier's 1,500 engineers, there were only less than 200 left at the time of sale, and the R&D strength was seriously insufficient, resulting in a delay in the construction period of the 728 project; the high investment in the Fairchild Dornier 728 project caused the sale of this model. The price is too high, and it is not competitive compared with the same type of aircraft in the international market; and the 728 aircraft has fewer seats, which is not suitable for the Chinese market; in addition, Fairchild Dornier does not have all the intellectual property rights of the 728 aircraft, and it has to supply suppliers. Businesses bought excess property rights to produce, resulting in high costs and other reasons, the Shaanxi Provincial Government and Changan Aircraft Company both withdrew and abandoned the project.”

Guo Shouyun doesn't know much about the future prospects of the China Airlines market. But regional airliners are small planes of less than 100 seats specially designed for short trips between cities, which he still understands. It is precisely because he knows him that he has doubts about the future market of regional airliners in China. After all, he has experienced the great development of high-speed rail ten years later.

Unless it is in a hurry, few people fly in China, especially for short-distance traffic between eastern cities. The most important thing is that the speed of high-speed rail will continue to increase, which will further squeeze the market that originally belonged to aircraft. So he didn't have much enthusiasm for Fairchild Dornier Aircraft.

"...In addition, according to experts' estimates, if we continue the Fairchild Dornier project, we need to continue to invest 400 million US dollars in the project. It is not worth investing such a high amount of money into a project with an uncertain future." Chen Yu finally road.

"If the Fairchild DORNIER project is abolished, then the 20 million euros invested by Delong will all be wasted." Guo Shouyun said with a smile.

"A strong man can only struggle to survive if he breaks his wrist. Compared with the subsequent 400 million, the loss of 20 million euros is large, but he has to choose. And now Delong Industrial has suffered a serious loss of assets, and we don't have so much money to put on this uncertainty. future projects." Chen Yu said.

Guo Shouyun nodded, and after pondering for a moment, "What about you guys, do you have any other opinions?"

Brito raised his hand.

"I think the nickel alloy business should be separated from the alloy shares."

"Tell me the reason?" Guo Shouyun said.

"From the information, the market for nickel alloys is not large, but the income is stable, and it can be regarded as a high-quality asset. However, compared with the power tools and garden machinery industries with a broad market, putting nickel alloys with little development prospects into them will take time. Over time, it will cause division within the company, which is not conducive to the long-term development of the company.”

Do not suffer from widowhood but suffer from inequity. If I eat 10 yuan of rice every day, but your food is getting better and better, everyone belongs to the same company, why are you better than ours? This kind of mentality for a long time will definitely cause problems.

"Although the market for nickel alloys is not large, we can make copper alloys and special steels and develop horizontally." Wu Feng said.

"The purpose of enterprise development, especially mergers and acquisitions, should be able to promote the overall progress of the enterprise. If Alloy Shares expands into the material field, although it will make money, it will not have much impact on Alloy's main business, power tools and garden machinery. A big help will not be able to exert the effect of mergers and acquisitions. In addition, Alloy Shares is currently in debt close to 400 million US dollars, and in the case of insufficient revenue capacity, unless funds are invested from outside, it is impossible to expand at all.” Brito said calmly.

Wu Feng frowned and thought for a moment, then glanced at Guo Shouyun and didn't speak again.

"Are there any different opinions?" Guo Shouyun said again.

"I agree with Mr. Brito's proposal to separate the nickel alloy business from the alloy shares, but I don't think it is necessary to operate independently. There is not much room for the development of the nickel alloy business. Even if we operate independently, unless we invest money to expand the product line, its future There won't be much change. In this case, we should sell it directly, and we can't waste time with an asset that cannot appreciate in value. Moreover, the Oriental Group has just been established, and there are many things waiting to be done, so we can't waste too much energy on it. Input and output are completely disproportionate.”

After Zhang Lei finished speaking, he paused, "Also, since Alloy Shares intends to increase its investment in power tools and garden machinery, the acquisition of Maury Company should be completed. With the help of the other party's technical strength and channels, Alloy Shares will be strengthened. technological capabilities and international market share.”

Guo Shouyun nodded, "Who else has an opinion?"

I asked it again, and after seeing that everyone did not speak again.

"Based on everyone's opinions~www.novelbuddy.com~ Alloy shares retain the two main businesses of power tools and garden machinery manufacturing, and sell the nickel alloy business. Jinling Machine Tool Factory and Taihe Gold Company operate independently, and the equity is managed by Oriental Trust. Considering When Orient Trust was just established and was still in the integration stage, the management of the two companies was selected by the PE department of Great China Capital, and was formally appointed after discussion and approval by Zhang Lei and Chen Yu.”

“…Selling the nickel alloy business of the alloy shares; abandoning the 728 passenger aircraft project of the German Fairchild Dornier Aircraft Company and minimizing losses as much as possible; completing the acquisition of Maury Company; another investment of 2 billion Huaxia coins by Yunfan Investment as alloy shares working capital.”

"...Alloy shares do not need to be delisted for the time being. As for its management, let the Tang brothers be in charge!"

"Tang Wanli, Tang Wanchuan, Tang Wanping?" Chen Yu asked in surprise.

"When I acquired Delong, I promised the Tang Brothers that they would leave a way out."

In fact, if it weren't for this, Guo Shouyun, who has no interest in power tool and garden machinery manufacturing at all, would also let Alloy Shares operate independently and sell it after its financial recovery.

Hearing what the big boss said, everyone didn't say anything. However, his faithful promise made Brito and Wu Feng, two people who had little contact with him, showed surprised expressions on their faces.

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