When Feng Yu arrived at Thomson Group's headquarters, he sighed. Thomson Group used to be the most prosperous and lively place in the region. Every day, countless people come to apply for jobs and discuss cooperation. But now, the place is deserted.
When Feng Yu arrived, Philips Group's Chairman, Ke Cilei, was already there. When he saw Feng Yu entering, he stood up together with Thomson Group's Chairman, Rondo.
Rondo's secretary brought the tea and went out to close the door. Only the three big shots were left in the room.
"Feng, Ke Cilei, our Thomson Group is in trouble. We had suffered huge losses in this financial crisis, and I hope you can help us."
Feng Yu waved his hand and interrupted Rondo. "I am not here to help you. I am here to acquire your company's valuable assets."
If Thomson Group is still Taihua Holdings's partner, Feng Yu will help them. In fact, if Thomson Group did not fall out with Taihua Holdings, they will not be bankrupt today.
Rondo smiled embarrassedly. "Feng, if you are willing to buy our company's bonds, we will still be able to tide over this crisis. Our Thomson Group's brands, technologies, channels, etc. are still the best in the world, and we will still have a good cooperation. "
"Rondo, I had given you two chances. In Hua Xia, there is a saying. You can't do it twice, but not thrice. That's why I will not give you a third chance."
"How many bonds do you need to issue to tide over this crisis? 20 billion EUR? 30 billion EUR? How much returns can I get from these bonds? My financial investment company is the fastest growing company in the industry, and the profits are unimaginable. Why should I buy your bonds with low returns and high risks? "
"If it's not because you all still have some valuable assets, do you think I will come over?"
Feng Yu glanced at Rondo with disdain. Back then, it was this old man's stubbornness and arrogance that ruined the cooperation between the two sides. Now that things had come to this, he only had himself to blame.
If 20 to 30 billion euros could help the Thomson Group overcome its difficulties and restore its former glory, then there would be no need to invite Feng Yu. There were still many capable investors in France and Europe.
The problem was that no one thought that Thomson would be able to turn losses into profits and become the world's top consumer electronics manufacturer if they gave it enough funds.
Last year's financial crisis had caused many people to feel that the consumer electronics market will also decline this year. If they want to invest, they will invest in Wind and rain brand, Aiwa brand, etc. These brands have the potential and strength of the consumer electronics brands.
Even investing in Japan's Sony, Toshiba, or South Korea's Samsung is a good choice. Thomson? This was not in the consideration of those investors.
Last year, Thomson had issued some additional shares to raise funds. He thought that this would be enough to tide over the crisis. But in the end, the company's operating condition continued to deteriorate. They actually issued additional shares to increase the benefits of their employees. What a dumb decision!
When the company's operations were good and profits were high, it was natural to increase the benefits of the employees. However, the company was clearly unable to make ends meet. There was simply not enough funds. Instead of thinking about increasing the company's costs and reducing expenditure, what else could it be other than courting death?
Maybe they had a lot of pressure, or maybe they had no choice but to do this. But all these had nothing to do with Feng Yu. As an ally, Feng Yu had given them some advice, but they were not willing to accept it. They thought that Feng Yu wanted to let Wind and rain replace Thomson. Now, it was too late for regrets.
Philips was smart. When Philips cooperated with Feng Yu, they were still the world's fifth largest consumer electronics manufacturer. They were weaker than Toshiba and Sony, and about the same level as Thomson. But in Europe, they were suppressed by Siemens and Ericsson. At that time, Wind and rain and Samsung were not even in the top ten.
Now, Wind and rain brand was rising, and Philips' ranking had dropped. But Philips was not unhappy because their sales and profits had increased. It was just not as fast as Wind and rain.
Now that Thomson had gone bankrupt, Philips had stabilized its position as the leader of European consumer electronics. Coupled with their positions in the fields of home appliances, lighting, and medical devices, Philips' market value was steadily increasing, and profits were rising year after year. There was nothing that Philips was unhappy about.
In the past, consumer electronics might be Philips' main source of income. But now, it was almost the same as the other three main businesses. Also, there was nothing wrong with their cooperation with Feng Yu.
Feng Yu did not restrict Philips' development in Hua Xia market. He only wanted Philips to help Wind and rain expand in Europe, and it was a fair exchange. Look at other consumer electronics and home appliances brands. It was very difficult for them to enter the Hua Xia market.
Feng Yu can easily make those overseas brands unable to survive. He doesn't need any protection from the government, as he is powerful.
Both parties exchanged many patents and jointly developed many patented technologies. Everyone was expanding towards America together. How great was that? Thomson was the leader in the North American market and did not want Feng Yu's brands to develop rapidly in the American market. But if it wasn't for Feng Yu, Thomson would not be able to develop so well in Hua Xia.
This time, Thomson was finished, and Philips was happy to see it. Philips had been eyeing Thomson's assets for a long time. In the past, they were partners, and they had to give in to Thomson's expansion plans. But now, they no longer need to give in.
Lang Du felt bitter. Feng Yu's attitude was clear. He will not help them. Although Philips' Ke Cilei did not say anything, he agreed with Feng Yu's decision.
Their previous cooperation with these two companies had fallen apart, and they turned to Toshiba and Sony. Now, Toshiba and Sony's conditions were even harsher. If they agreed, Thomson would be finished.
Feng Yu could only hope that Feng Yu and Ke Cilei would not go overboard and let Thomson survive.
Lang Du sighed and walked to the back of his desk. He took out two documents and passed them to Feng Yu and Ke Cilei.
"Take a look. These are the assets that our company can sell now. If you are interested in anything, we will discuss the price."
Feng Yu and Ke Cilei received the documents, but they did not read them. They placed the documents on the table and looked at each other.
Lang Du's heart sank when he saw this. Finished. Before they came, Feng Yu had discussed with Ke Cilei. Maybe they had already thought of how to split Thomson's assets. Was Thomson really finished?
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