Chapter 243: [Lenovo Electric]
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Chapter 243 [Lenovo Electric]
But when the whole world was shocked that the radio could be so small, the hot air of ‘rice cooker’ was blown in Dongying.
In every lively street and supermarket, there are salesmen guarding the rice cookers who are cooking.
In a shopping mall, a bunch of rice cookers are on display to customers, and there is a sign next to it that clearly reads “electric rice cooker” and “automatic rice cooker”
"Excuse me, what kind of appliance is this?" a housewife asked curiously.
"This is called an electric rice cooker. Just put the rice and water in, after plugging in the electricity, press this button, it will automatically start cooking rice; when the rice is cooked, the rice cooker will automatically turn off."
"Really? Is there such an appliance?" The housewife looked incredible. One can imagine how troublesome it is to cook rice in this era.
As the salesman explained, he opened the rice cooker with the cooked rice and showed it to the crowd.
Such a scene is in Dongying, everywhere, the market has started!
The two waves of Lenovo Electric’s operations have shocked the Dongying Electric Appliance industry. How did Lenovo Electric do it?
Transistor radio TR-66, rice cooker, which product is not the first in the world, an electrical company can make a lot of money with just one of these products, and become a major electrical company industry.
Unexpectedly, Lenovo Electric will develop two world-class products at one time. What is this?
Many people feel that Lenovo is going to become the seventh largest electrical appliance giant in Dongying!
Wu Guangyao ignored the disturbances outside, but went to the rice cooker production workshop to inspect the work.
I am not worried about the sales of rice cookers at all, but very worried about the output of rice cookers;
After all, before the rice cooker was launched, there were only 20,000 Lenovo appliances alive, which can be said to be very nervous!
What is an electric rice cooker? It is a more practical electrical appliance than TV, radio, etc. No family can refuse it, unless there is no such thing as 40 dollars (cost price 30 dollars).
At this time, the average salary of Dongying people is about three times the average salary on Hong Kong Island; according to this calculation, the average company of Dongying people is 150 Hong Kong dollars, about 30 US dollars.
The price of an electric rice cooker is one and a half months’ salary for a person, which is absolutely affordable for a family.
O Yemu carefully followed Wu Guangyao, for fear that the boss would be dissatisfied with his job;
At this time, no one at Lenovo Electric was dissatisfied with Wu Guangyao, because this Chinese has brought two world-class products to Dongying;
Such a capable boss, who would still be dissatisfied!
Even the arrogant technicians have to admire their boss!
You must know that the theoretical knowledge of rice cookers comes from this legendary boss.
Never mind if others are good at business, but they still use technology. This is simply a god!
"President Ohno, I intend to set up a Lenovo headquarters in Dongying, and then implement a'headquarters system' management system to implement centralized management of all Lenovo subsidiaries. Are you interested in managing the technical department?" Wu Guangyao turned around , Said Nogi.
"Hi, I do!"
"kindness"
Two days later, in a tall building in Tokyo, a group of people were having a meeting.
Just now, Wu Guangyao promulgated the new organizational structure of Lenovo Electric:
I lead the post of chairman of Lenovo Electric. Because I am in Dongying, I will rely on Dongying's technology and market for a long time in the future, so it is better to hide it in Dongying!
Four divisions are established under the chairman, namely, the management department, the business department, the technical department, and the sales department;
Naturally, this is for the centralized operation of various subsidiaries, decentralization and independent operation, and the overall operation of the company.
Li Jiaji (Chinese), Director of the Management Department, Jerry (American), Director of the Business Department, Onoki, Minister of Technology (Toying), and Ryohei Kimura (Toying), Director of the Management Department.
Four departments are equivalent to a cabinet. A cabinet meeting is organized every week, even if Wu Guangyao does not attend.
"The two products we launched this year have completely allowed Lenovo to gain a firm foothold in Dongying, but we cannot be proud. We are still far behind the six major electrical appliances giants in Dongying. The most intuitive manifestation is the size of the company. Given that next year we It will explode completely, so I decided to expand the volume of Lenovo Electric from now on."
"First of all, the Lenovo Central Research Institute was established. This Central Research Institute is the core and brain of Lenovo Electric and the key to whether Lenovo can go further in the electrical industry! 10% of Lenovo’s profits each year are directly allocated to the Lenovo Research Institute. Research and development expenses; while Lenovo’s Central Research Institute is engaged in basic technology research and advanced technology research, and provides technical guidance to various product divisions. Does the head of the technology department understand what I mean?" Wu Guangyao looked at Ohnogi and said.
"Hey, got it! President, is there anyone who chooses the dean of the research institute?"
"I plan to recruit talents on a large scale after the establishment, if you have a recommendation, you can let him apply!"
"Hi!"
Wu Guangyao went on to say: "Next is the business department. The business department can have two branches, one external and one internal. At the same time, there are various product business departments under the business department. The country’s advanced technology. Whether it’s cooperation or purchase, in short, we must look at the world and cannot be a frog in the bottom of the well. Jerry, do you understand?"
"Yes, BOSS!" Jerry said excitedly. He was originally a middle-level technical manager of a large American company. The reason for quitting was purely for challenge. After months of waiting, he finally waited for an opportunity.
"You have to quickly establish a headquarters, and then put into work; the company will then develop at a high speed and acquire other companies to expand its size! Of course, in terms of funds, we can choose to borrow, and the more we have to borrow, the better; I believe With the sales of our two products, Dongying will have many banks willing."
At the end of October, Dongying’s Sumitomo Bank loaned Lenovo Electronics 5 million U.S. dollars, and Lenovo’s available funds reached 6 million U.S. dollars at once.
Lenovo Electric's next actions have made the entire Dongying's electrical industry start to feel calm;
Throughout November, Lenovo Electric acquired a full 7 companies, which immediately supplemented the industrial chain.
However, the two electrical appliance manufacturers that Wu Guangyao cares most about still did not give Wu Guangyao a reply. Wu Guangyao knew that they had rejected his purchase.
The scale of these two appliance manufacturers is relatively large, one is a refrigerator manufacturer and the other is a washing machine manufacturer, and the fixed value is about 3 million US dollars.
At this time, Lenovo's account was only more than 3.6 million US dollars, but Wu Guangyao didn't mind borrowing some of the money to complete the acquisition of these two companies.
The acquisition fails, Wu Guangyao has a plan again!
A Japanese restaurant, Wu Guangyao overtook the bosses of these two companies.
"Kimura-kun and Nagasawa-kun, you don’t want to be acquired, you care about this business!"
Wu Guangyao said the aspirations of the two bosses, and they nodded one after another.
You must know that Wu Guangyao is already buying at a premium of 20%, and the two still simply rejected it. Obviously, raising the price is not worth the gain.
"Then you are willing to convert your company's shares into Lenovo Electric's shares? To put it bluntly, we all work together to fight against Dongying's large electric appliance companies in order to save ourselves. You should understand that Dongying's market is currently divided by the six largest Electric appliance giants dominate the majority. Our medium-sized electric appliance companies can only survive in the cracks and fight fiercely. Compared with your two companies, Lenovo Electric is more competitive and more promising. So, if you two are willing, you can merge Into a company."
Wu Guangyao's conditions are not unreasonable, it is simply tempting!
Lenovo Electric holds two major killers—transistor radio and rice cooker. Although these two perform well on refrigerators and washing machines, they are not enough for comparison!
"We need to go back and discuss with other shareholders, and please give Mr. Wu some time!"
At the last moment, the two finally let go.
At the end of November, before Wu Guangyao returned to Hong Kong, Lenovo Electric finally completed all the acquisitions and mergers. There were 3.6 million funds left in a circle, but it gained 2 medium-sized electric appliance companies and 7 electric appliance related companies.
This is naturally at the cost of shares, the new Lenovo Electric, Wu Guangyao only accounted for 56% of the shares, the rest of the shares were all allocated to Dongying people.
But this step is definitely done, because at this time Lenovo Electric has covered many products and related industrial chains;
In terms of volume, it is very close to Matsushita Electric. The only thing missing is the follow-up integration!
Lenovo Electric held the first shareholder meeting, and Wu Guangyao presided over the meeting as the chairman.
"In October and November, our two products, transistor radios and rice cookers, brought Lenovo Electric in a profit of 600,000 US dollars. Of course, this is because similar products have not yet appeared on the market. Then we will Faced with the offensive of those electrical giants, I hope everyone will go all out! Whether it is price wars, marketing wars, or technical wars, we are all fearless! Because we are also electrical giants!"
Wu Guangyao’s words are very contagious, and everyone’s enthusiasm for listening to them is very passionate. First, there is a wave of applause.
Lenovo Electric has been able to catch up with the company that has been in business for decades after being established less than a year ago. This is really unbelievable!
Of course, Lenovo Electric itself is made up of many decades-old electrical companies; the most important thing is the charm of money and technology, which brings everyone together; the pioneer of medium-sized electrical appliances is bought by money, and the washing machine and refrigerator are medium-sized in the back. Manufacturers chose to merge because they are optimistic about Lenovo's technology and feel that Lenovo is a competitive company.
"Next, we will absorb European and American technology while exporting our products to Europe and the United States." Wu Guangyao said his thoughts all at once.
Dongying people take their work very seriously, and everyone starts to record it.
"Chairman, should we build another factory and a company headquarters!" said a shareholder.
"Then suggest a combination of Lenovo industrial park, headquarters and factory. You can say whatever you think, we are just discussing today!"
Sure enough, everyone gave suggestions, and they were all very useful suggestions;
Unfortunately, the money is still not enough. Wu Guangyao and everyone can only develop with emphasis first and then negligence.
For example, buying technical guidance from Europe and the United States is the most important thing that needs to be done at the moment, even if it is an industrial park, let it make way.
At present, the cheapest technical guidance fee in the world is the United States, which is generally charged at 3% of the product cost; the transistor technology that Lenovo purchased from Texas Instruments in March only cost 30,000 US dollars, which can be said to be cheap.
(End of this chapter)
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Chapter 243 [Lenovo Electric]
But when the whole world was shocked that the radio could be so small, the hot air of ‘rice cooker’ was blown in Dongying.
In every lively street and supermarket, there are salesmen guarding the rice cookers who are cooking.
In a shopping mall, a bunch of rice cookers are on display to customers, and there is a sign next to it that clearly reads “electric rice cooker” and “automatic rice cooker”
"Excuse me, what kind of appliance is this?" a housewife asked curiously.
"This is called an electric rice cooker. Just put the rice and water in, after plugging in the electricity, press this button, it will automatically start cooking rice; when the rice is cooked, the rice cooker will automatically turn off."
"Really? Is there such an appliance?" The housewife looked incredible. One can imagine how troublesome it is to cook rice in this era.
As the salesman explained, he opened the rice cooker with the cooked rice and showed it to the crowd.
Such a scene is in Dongying, everywhere, the market has started!
The two waves of Lenovo Electric’s operations have shocked the Dongying Electric Appliance industry. How did Lenovo Electric do it?
Transistor radio TR-66, rice cooker, which product is not the first in the world, an electrical company can make a lot of money with just one of these products, and become a major electrical company industry.
Unexpectedly, Lenovo Electric will develop two world-class products at one time. What is this?
Many people feel that Lenovo is going to become the seventh largest electrical appliance giant in Dongying!
Wu Guangyao ignored the disturbances outside, but went to the rice cooker production workshop to inspect the work.
I am not worried about the sales of rice cookers at all, but very worried about the output of rice cookers;
After all, before the rice cooker was launched, there were only 20,000 Lenovo appliances alive, which can be said to be very nervous!
What is an electric rice cooker? It is a more practical electrical appliance than TV, radio, etc. No family can refuse it, unless there is no such thing as 40 dollars (cost price 30 dollars).
At this time, the average salary of Dongying people is about three times the average salary on Hong Kong Island; according to this calculation, the average company of Dongying people is 150 Hong Kong dollars, about 30 US dollars.
The price of an electric rice cooker is one and a half months’ salary for a person, which is absolutely affordable for a family.
O Yemu carefully followed Wu Guangyao, for fear that the boss would be dissatisfied with his job;
At this time, no one at Lenovo Electric was dissatisfied with Wu Guangyao, because this Chinese has brought two world-class products to Dongying;
Such a capable boss, who would still be dissatisfied!
Even the arrogant technicians have to admire their boss!
You must know that the theoretical knowledge of rice cookers comes from this legendary boss.
Never mind if others are good at business, but they still use technology. This is simply a god!
"President Ohno, I intend to set up a Lenovo headquarters in Dongying, and then implement a'headquarters system' management system to implement centralized management of all Lenovo subsidiaries. Are you interested in managing the technical department?" Wu Guangyao turned around , Said Nogi.
"Hi, I do!"
"kindness"
Two days later, in a tall building in Tokyo, a group of people were having a meeting.
Just now, Wu Guangyao promulgated the new organizational structure of Lenovo Electric:
I lead the post of chairman of Lenovo Electric. Because I am in Dongying, I will rely on Dongying's technology and market for a long time in the future, so it is better to hide it in Dongying!
Four divisions are established under the chairman, namely, the management department, the business department, the technical department, and the sales department;
Naturally, this is for the centralized operation of various subsidiaries, decentralization and independent operation, and the overall operation of the company.
Li Jiaji (Chinese), Director of the Management Department, Jerry (American), Director of the Business Department, Onoki, Minister of Technology (Toying), and Ryohei Kimura (Toying), Director of the Management Department.
Four departments are equivalent to a cabinet. A cabinet meeting is organized every week, even if Wu Guangyao does not attend.
"The two products we launched this year have completely allowed Lenovo to gain a firm foothold in Dongying, but we cannot be proud. We are still far behind the six major electrical appliances giants in Dongying. The most intuitive manifestation is the size of the company. Given that next year we It will explode completely, so I decided to expand the volume of Lenovo Electric from now on."
"First of all, the Lenovo Central Research Institute was established. This Central Research Institute is the core and brain of Lenovo Electric and the key to whether Lenovo can go further in the electrical industry! 10% of Lenovo’s profits each year are directly allocated to the Lenovo Research Institute. Research and development expenses; while Lenovo’s Central Research Institute is engaged in basic technology research and advanced technology research, and provides technical guidance to various product divisions. Does the head of the technology department understand what I mean?" Wu Guangyao looked at Ohnogi and said.
"Hey, got it! President, is there anyone who chooses the dean of the research institute?"
"I plan to recruit talents on a large scale after the establishment, if you have a recommendation, you can let him apply!"
"Hi!"
Wu Guangyao went on to say: "Next is the business department. The business department can have two branches, one external and one internal. At the same time, there are various product business departments under the business department. The country’s advanced technology. Whether it’s cooperation or purchase, in short, we must look at the world and cannot be a frog in the bottom of the well. Jerry, do you understand?"
"Yes, BOSS!" Jerry said excitedly. He was originally a middle-level technical manager of a large American company. The reason for quitting was purely for challenge. After months of waiting, he finally waited for an opportunity.
"You have to quickly establish a headquarters, and then put into work; the company will then develop at a high speed and acquire other companies to expand its size! Of course, in terms of funds, we can choose to borrow, and the more we have to borrow, the better; I believe With the sales of our two products, Dongying will have many banks willing."
At the end of October, Dongying’s Sumitomo Bank loaned Lenovo Electronics 5 million U.S. dollars, and Lenovo’s available funds reached 6 million U.S. dollars at once.
Lenovo Electric's next actions have made the entire Dongying's electrical industry start to feel calm;
Throughout November, Lenovo Electric acquired a full 7 companies, which immediately supplemented the industrial chain.
However, the two electrical appliance manufacturers that Wu Guangyao cares most about still did not give Wu Guangyao a reply. Wu Guangyao knew that they had rejected his purchase.
The scale of these two appliance manufacturers is relatively large, one is a refrigerator manufacturer and the other is a washing machine manufacturer, and the fixed value is about 3 million US dollars.
At this time, Lenovo's account was only more than 3.6 million US dollars, but Wu Guangyao didn't mind borrowing some of the money to complete the acquisition of these two companies.
The acquisition fails, Wu Guangyao has a plan again!
A Japanese restaurant, Wu Guangyao overtook the bosses of these two companies.
"Kimura-kun and Nagasawa-kun, you don’t want to be acquired, you care about this business!"
Wu Guangyao said the aspirations of the two bosses, and they nodded one after another.
You must know that Wu Guangyao is already buying at a premium of 20%, and the two still simply rejected it. Obviously, raising the price is not worth the gain.
"Then you are willing to convert your company's shares into Lenovo Electric's shares? To put it bluntly, we all work together to fight against Dongying's large electric appliance companies in order to save ourselves. You should understand that Dongying's market is currently divided by the six largest Electric appliance giants dominate the majority. Our medium-sized electric appliance companies can only survive in the cracks and fight fiercely. Compared with your two companies, Lenovo Electric is more competitive and more promising. So, if you two are willing, you can merge Into a company."
Wu Guangyao's conditions are not unreasonable, it is simply tempting!
Lenovo Electric holds two major killers—transistor radio and rice cooker. Although these two perform well on refrigerators and washing machines, they are not enough for comparison!
"We need to go back and discuss with other shareholders, and please give Mr. Wu some time!"
At the last moment, the two finally let go.
At the end of November, before Wu Guangyao returned to Hong Kong, Lenovo Electric finally completed all the acquisitions and mergers. There were 3.6 million funds left in a circle, but it gained 2 medium-sized electric appliance companies and 7 electric appliance related companies.
This is naturally at the cost of shares, the new Lenovo Electric, Wu Guangyao only accounted for 56% of the shares, the rest of the shares were all allocated to Dongying people.
But this step is definitely done, because at this time Lenovo Electric has covered many products and related industrial chains;
In terms of volume, it is very close to Matsushita Electric. The only thing missing is the follow-up integration!
Lenovo Electric held the first shareholder meeting, and Wu Guangyao presided over the meeting as the chairman.
"In October and November, our two products, transistor radios and rice cookers, brought Lenovo Electric in a profit of 600,000 US dollars. Of course, this is because similar products have not yet appeared on the market. Then we will Faced with the offensive of those electrical giants, I hope everyone will go all out! Whether it is price wars, marketing wars, or technical wars, we are all fearless! Because we are also electrical giants!"
Wu Guangyao’s words are very contagious, and everyone’s enthusiasm for listening to them is very passionate. First, there is a wave of applause.
Lenovo Electric has been able to catch up with the company that has been in business for decades after being established less than a year ago. This is really unbelievable!
Of course, Lenovo Electric itself is made up of many decades-old electrical companies; the most important thing is the charm of money and technology, which brings everyone together; the pioneer of medium-sized electrical appliances is bought by money, and the washing machine and refrigerator are medium-sized in the back. Manufacturers chose to merge because they are optimistic about Lenovo's technology and feel that Lenovo is a competitive company.
"Next, we will absorb European and American technology while exporting our products to Europe and the United States." Wu Guangyao said his thoughts all at once.
Dongying people take their work very seriously, and everyone starts to record it.
"Chairman, should we build another factory and a company headquarters!" said a shareholder.
"Then suggest a combination of Lenovo industrial park, headquarters and factory. You can say whatever you think, we are just discussing today!"
Sure enough, everyone gave suggestions, and they were all very useful suggestions;
Unfortunately, the money is still not enough. Wu Guangyao and everyone can only develop with emphasis first and then negligence.
For example, buying technical guidance from Europe and the United States is the most important thing that needs to be done at the moment, even if it is an industrial park, let it make way.
At present, the cheapest technical guidance fee in the world is the United States, which is generally charged at 3% of the product cost; the transistor technology that Lenovo purchased from Texas Instruments in March only cost 30,000 US dollars, which can be said to be cheap.
(End of this chapter)
Chapter 243 Lenovo ElectricBut when the whole world was shocked that the radio could be so small, the hot air of rice cooker' was blown in Dongying.In every lively street and supermarket, there are salesmen guarding the rice cookers who are cooking.In a shopping mall, a bunch of rice cookers are on display to customers, and there is a sign next to it that clearly reads electric rice cooker and automatic rice cooker"Excuse me, what kind of appliance is this?" a housewife asked curiously."This is called an electric rice cooker. Just put the rice and water in, after plugging in the electricity, press this button, it will automatically start cooking rice; when the rice is cooked, the rice cooker will automatically turn off.""Really? Is there such an appliance?" The housewife looked incredible. One can imagine how troublesome it is to cook rice in this era.As the salesman explained, he opened the rice cooker with the cooked rice and showed it to the crowd.Such a scene is in Dongying, everywhere, the market has started!The two waves of Lenovo Electric's operations have shocked the Dongying Electric Appliance industry. How did Lenovo Electric do it?Transistor radio TR-66, rice cooker, which product is not the first in the world, an electrical company can make a lot of money with just one of these products, and become a major electrical company industry.Unexpectedly, Lenovo Electric will develop two world-class products at one time. What is this?Many people feel that Lenovo is going to become the seventh largest electrical appliance giant in Dongying!Wu Guangyao ignored the disturbances outside, but went to the rice cooker production workshop to inspect the work.I am not worried about the sales of rice cookers at all, but very worried about the output of rice cookers;After all, before the rice cooker was launched, there were only 20,000 Lenovo appliances alive, which can be said to be very nervous!What is an electric rice cooker? It is a more practical electrical appliance than TV, radio, etc. No family can refuse it, unless there is no such thing as 40 dollars cost price 30 dollars.At this time, the average salary of Dongying people is about three times the average salary on Hong Kong Island; according to this calculation, the average company of Dongying people is 150 Hong Kong dollars, about 30 US dollars.The price of an electric rice cooker is one and a half months' salary for a person, which is absolutely affordable for a family.O Yemu carefully followed Wu Guangyao, for fear that the boss would be dissatisfied with his job;At this time, no one at Lenovo Electric was dissatisfied with Wu Guangyao, because this Chinese has brought two world-class products to Dongying;Such a capable boss, who would still be dissatisfied!Even the arrogant technicians have to admire their boss!You must know that the theoretical knowledge of rice cookers comes from this legendary boss.Never mind if others are good at business, but they still use technology. This is simply a god!"President Ohno, I intend to set up a Lenovo headquarters in Dongying, and then implement a'headquarters system' management system to implement centralized management of all Lenovo subsidiaries. Are you interested in managing the technical department?" Wu Guangyao turned around , Said Nogi."Hi, I do!""kindness"Two days later, in a tall building in Tokyo, a group of people were having a meeting.Just now, Wu Guangyao promulgated the new organizational structure of Lenovo Electric:I lead the post of chairman of Lenovo Electric. Because I am in Dongying, I will rely on Dongying's technology and market for a long time in the future, so it is better to hide it in Dongying!Four divisions are established under the chairman, namely, the management department, the business department, the technical department, and the sales department;Naturally, this is for the centralized operation of various subsidiaries, decentralization and independent operation, and the overall operation of the company.Li Jiaji Chinese, Director of the Management Department, Jerry American, Director of the Business Department, Onoki, Minister of Technology Toying, and Ryohei Kimura Toying, Director of the Management Department.Four departments are equivalent to a cabinet. A cabinet meeting is organized every week, even if Wu Guangyao does not attend."The two products we launched this year have completely allowed Lenovo to gain a firm foothold in Dongying, but we cannot be proud. We are still far behind the six major electrical appliances giants in Dongying. The most intuitive manifestation is the size of the company. Given that next year we It will explode completely, so I decided to expand the volume of Lenovo Electric from now on.""First of all, the Lenovo Central Research Institute was established. This Central Research Institute is the core and brain of Lenovo Electric and the key to whether Lenovo can go further in the electrical industry! 10% of Lenovo's profits each year are directly allocated to the Lenovo Research Institute. Research and development expenses; while Lenovo's Central Research Institute is engaged in basic technology research and advanced technology research, and provides technical guidance to various product divisions. Does the head of the technology department understand what I mean?" Wu Guangyao looked at Ohnogi and said."Hey, got it! President, is there anyone who chooses the dean of the research institute?""I plan to recruit talents on a large scale after the establishment, if you have a recommendation, you can let him apply!""Hi!"Wu Guangyao went on to say: "Next is the business department. The business department can have two branches, one external and one internal. At the same time, there are various product business departments under the business department. The country's advanced technology. Whether it's cooperation or purchase, in short, we must look at the world and cannot be a frog in the bottom of the well. Jerry, do you understand?""Yes, BOSS!" Jerry said excitedly. He was originally a middle-level technical manager of a large American company. The reason for quitting was purely for challenge. After months of waiting, he finally waited for an opportunity."You have to quickly establish a headquarters, and then put into work; the company will then develop at a high speed and acquire other companies to expand its size! Of course, in terms of funds, we can choose to borrow, and the more we have to borrow, the better; I believe With the sales of our two products, Dongying will have many banks willing."At the end of October, Dongying's Sumitomo Bank loaned Lenovo Electronics 5 million U.S. dollars, and Lenovo's available funds reached 6 million U.S. dollars at once.Lenovo Electric's next actions have made the entire Dongying's electrical industry start to feel calm;Throughout November, Lenovo Electric acquired a full 7 companies, which immediately supplemented the industrial chain.However, the two electrical appliance manufacturers that Wu Guangyao cares most about still did not give Wu Guangyao a reply. Wu Guangyao knew that they had rejected his purchase.The scale of these two appliance manufacturers is relatively large, one is a refrigerator manufacturer and the other is a washing machine manufacturer, and the fixed value is about 3 million US dollars.At this time, Lenovo's account was only more than 3.6 million US dollars, but Wu Guangyao didn't mind borrowing some of the money to complete the acquisition of these two companies.The acquisition fails, Wu Guangyao has a plan again!A Japanese restaurant, Wu Guangyao overtook the bosses of these two companies."Kimura-kun and Nagasawa-kun, you don't want to be acquired, you care about this business!"Wu Guangyao said the aspirations of the two bosses, and they nodded one after another.You must know that Wu Guangyao is already buying at a premium of 20%, and the two still simply rejected it. Obviously, raising the price is not worth the gain."Then you are willing to convert your company's shares into Lenovo Electric's shares? To put it bluntly, we all work together to fight against Dongying's large electric appliance companies in order to save ourselves. You should understand that Dongying's market is currently divided by the six largest Electric appliance giants dominate the majority. Our medium-sized electric appliance companies can only survive in the cracks and fight fiercely. Compared with your two companies, Lenovo Electric is more competitive and more promising. So, if you two are willing, you can merge Into a company."Wu Guangyao's conditions are not unreasonable, it is simply tempting!Lenovo Electric holds two major killerstransistor radio and rice cooker. Although these two perform well on refrigerators and washing machines, they are not enough for comparison!"We need to go back and discuss with other shareholders, and please give Mr. Wu some time!"At the last moment, the two finally let go.At the end of November, before Wu Guangyao returned to Hong Kong, Lenovo Electric finally completed all the acquisitions and mergers. There were 3.6 million funds left in a circle, but it gained 2 medium-sized electric appliance companies and 7 electric appliance related companies.This is naturally at the cost of shares, the new Lenovo Electric, Wu Guangyao only accounted for 56% of the shares, the rest of the shares were all allocated to Dongying people.But this step is definitely done, because at this time Lenovo Electric has covered many products and related industrial chains;In terms of volume, it is very close to Matsushita Electric. The only thing missing is the follow-up integration!Lenovo Electric held the first shareholder meeting, and Wu Guangyao presided over the meeting as the chairman."In October and November, our two products, transistor radios and rice cookers, brought Lenovo Electric in a profit of 600,000 US dollars. Of course, this is because similar products have not yet appeared on the market. Then we will Faced with the offensive of those electrical giants, I hope everyone will go all out! Whether it is price wars, marketing wars, or technical wars, we are all fearless! Because we are also electrical giants!"Wu Guangyao's words are very contagious, and everyone's enthusiasm for listening to them is very passionate. First, there is a wave of applause.Lenovo Electric has been able to catch up with the company that has been in business for decades after being established less than a year ago. This is really unbelievable!Of course, Lenovo Electric itself is made up of many decades-old electrical companies; the most important thing is the charm of money and technology, which brings everyone together; the pioneer of medium-sized electrical appliances is bought by money, and the washing machine and refrigerator are medium-sized in the back. Manufacturers chose to merge because they are optimistic about Lenovo's technology and feel that Lenovo is a competitive company."Next, we will absorb European and American technology while exporting our products to Europe and the United States." Wu Guangyao said his thoughts all at once.Dongying people take their work very seriously, and everyone starts to record it."Chairman, should we build another factory and a company headquarters!" said a shareholder."Then suggest a combination of Lenovo industrial park, headquarters and factory. You can say whatever you think, we are just discussing today!"Sure enough, everyone gave suggestions, and they were all very useful suggestions;Unfortunately, the money is still not enough. Wu Guangyao and everyone can only develop with emphasis first and then negligence.For example, buying technical guidance from Europe and the United States is the most important thing that needs to be done at the moment, even if it is an industrial park, let it make way.At present, the cheapest technical guidance fee in the world is the United States, which is generally charged at 3% of the product cost; the transistor technology that Lenovo purchased from Texas Instruments in March only cost 30,000 US dollars, which can be said to be cheap.End of this chapter
