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Chapter 438 Acquisition
Time flies, and suddenly entered March.

Lin Rui received 118 billion system rewards again, and all the money was transferred to the Xingkong Technology Group's account by him.

With more than 100 billion funds in the account, the current domestic account of Xingkong Technology Group is nearly 500 billion in RMB cash, and the foreign exchange account is 45 billion US dollars. There is no doubt that it is rich and powerful.

Recently, Xingkong Technology Group is in contact with Motorola, intending to acquire Motorola's Tianjin production base.

Motorola's Tianjin factory is one of Motorola's largest production bases in the world. It has been developing for 21 years since it invested in Tianjin in [-].

Over the past [-] years, Motorola has continuously increased investment, making the Tianjin factory the most advanced and the largest production base of Motorola in China.

However, with the rise of smart phones, the traditional mobile phone manufacturing industry led by Nokia and Motorola has declined, and began to lose weight.

After Motorola abolished 90.00% of its R&D centers, it was finally its turn to be the largest production base in China.

Originally, according to Lin Rui's plan, Stellar Technology planned to learn from Apple and adopt the asset-light model, and all mobile phones will be produced by OEM.

However, the Industrial Software and Internet of Things Research Institute under the Xingkong Research Institute made a suggestion to the company, hoping that the company would acquire a modern factory for experimentation and optimization of the company's products.

Moreover, intelligent production is also a trend in the future, and the research institute also hopes to have a real factory to do some research and experiments on intelligent production.

Intelligent industrial production is also one of the keys to the realization of the Internet of Things, which requires a modern factory to cooperate with research and development and testing.

Regarding their demands, Lin Rui also understands that it just so happens that the research and development of Xingchen Technology's mobile phone is coming to an end and will soon enter the production stage, so it is appropriate to acquire a mobile phone manufacturing base.

Therefore, the acquisition of a modern factory with relatively advanced technology has become one of the company's next goals.

Coincidentally, Motorola's Tianjin factory just announced its willingness to sell. Although Motorola seems to be in decline, their production base in Tianjin is also extremely advanced in the world in terms of technology.

All of its products, equipment and management systems are designed and implemented according to Sigma's requirements to meet Motorola's world standards.

It perfectly meets the requirements of Starry Sky Research Institute.

However, as a large-scale and extremely advanced modern factory, there are many companies eyeing him. Apart from Xingkong Technology Group, Flextronics is the strongest.

As an American company that went public in the 90s, Flextronics is extremely strong, with factories and branches in dozens of countries around the world.

Motorola's extremely advanced and modern Tianjin production base has also been targeted by them.

Moreover, in terms of various conditions, Flextronics, which has been working in the manufacturing industry for decades, is obviously more suitable than Xingkong Technology Group to take over Motorola's Tianjin factory, and the probability of success is greater.

However, there is a saying that the price is the last word.

No matter how great the advantage is, the final competition is price.

Motorola headquarters will not lower the acquisition offer just because you have management advantages and industry advantages.

In the end, who can win depends on whose offer is higher.

In this regard, Xingkong Technology Group has more advantages.

Flextronics acquired Motorola's Tianjin factory, but it valued its management and technological advancement, as well as the psychology of taking advantage of Motorola's decline, not a necessity.

As a listed company, it has a strict review and supervision system. As a professional manager, it is impossible for the management to offer an excessive premium for a production base.

The Xingkong Technology Group has no scruples in this regard. As long as Lin Rui nods in agreement, other problems will no longer be a problem.

At present, the contact with Motorola is going smoothly, where is the strength of Xingkong Technology Group.One more acquisition target will give you more confidence. There is no reason for Motorola not to welcome it.

There is a special acquisition team in charge of this matter, and it doesn't take up much of Lin Rui's energy. He only needs to give a general framework and make a final decision.

In addition to Motorola's Tianjin production base, the company has found another target, which is Luxshare Precision, which has been listed on the A-share market.

As a newly established company in [-], it can be regarded as the younger brother of Foxconn and a rookie in the domestic OEM industry. Its management and technology are outstanding among companies of the same type.

The year before last, he was favored by Apple and became one of Apple's supply chain companies, and undertook part of Apple's OEM production tasks.

In the future, it will be difficult for Stellar Technology to rely solely on the Tianjin production base for its mobile phone business. It is also reasonable to find a suitable foundry.

Foxconn is a good choice, but as Apple's main foundry, all production lines must give priority to satisfying Apple before taking care of others.This is not uncomfortable, and there are some potential hidden dangers.

It is also a good choice to properly support one of the existing foundries as the future foundry of Star Technology.

Moreover, after becoming a shareholder of Luxshare Precision, he can also experiment and research industrial software and intelligent production through his more than a dozen modern factories.

At present, the market value of Luxshare Precision in A shares is about 160 billion yuan, which is reasonable.

Lin Rui didn't bother to slowly buy the other party's stock in the secondary market. He planned to invest directly in the stock and inject a large amount of money into it to strengthen Luxshare Precision's financial strength and promote the company's expansion.

As for the amount, it is about 80 billion, and it takes one-third of the shares.Luxshare Precision is developing well, which makes Lin Rui fancy. Xingkong Technology Group does not compete with the other party for control, but must have a certain right to speak.

This matter has already been arranged.

Judging from the response from Luxshare Precision, it is not bad. They also want to seize the wave of smartphones and deepen the mobile phone OEM industry.

Recently, it is planning to issue some additional shares to raise funds from the market and continue to build factories.However, the scale is small, only more than 20 billion, and the fundraising is carried out at a [-]% discount to the current stock price.

Xingkong Technology took out 80 billion yuan to invest in shares at once, and there was no need to discount the stock price, which made them both happy and hesitant. It is of course good to have huge funds to accelerate the company's expansion.But it must face equity dilution and lose part of the company's control.

Now, they are also a little tangled.

However, compared to that point of concern, Xingkong Technology Group's shareholding is based on the existing market value, and there is no need to discount the stock price. Such favorable conditions are obviously more attractive.

After hesitation and entanglement, it was inevitable to agree in the end.

At present, the acquisition of Motorola's Tianjin production base and the investment in Luxshare Precision are the next two not-so-small plans for the company after SMIC.

It took Lin Rui a few days to make the arrangements.

However, compared to these two things, the company still has bigger plans and actions, and his energy quickly shifted to the other side.

(End of this chapter)