They are all reborn, and the grandson is still a spare tire
Chapter 497 Overtaking on a curve
The talks lasted for more than an hour, and the two parties successfully reached an intended investment agreement.
The agreement stipulates that within the next three months, Jiuye Investment will purchase 15% of BYD's shares at the conference price and become one of BYD's shareholders.
The so-called bargaining is based on BYD's stock price and the specific situation of BYD, and is decided by both parties through discussion.
The stock price mentioned here refers to today's closing price of BYD's Hong Kong stock, not the stock price when the agreement is officially signed in the future.
The reason for this agreement is to prevent someone from deliberately leaking the news and taking advantage of this huge profit to speculate in BYD's stock and profit from it.
In that case, Jiuye Investment's investment costs will increase significantly.
In order to avoid this situation from happening, Jiuye Investment has the right to terminate the investment at any time if it discovers that someone has leaked the news in advance and speculated on BYD's stock.
As Party B accepting the investment, BYD does not have this power, otherwise it will be liable for breach of contract.
As a result, if BYD wants to obtain this multi-billion investment, it must keep it strictly confidential.
This is related to everyone's interests, and the interests of several BYD executives participating in today's talks are even greater!
To protect their own interests, they will keep the information strictly confidential.
Jiuye Investment acquired a controlling stake in Ming Pao Group, which caused the share price of Ming Pao Group to skyrocket.
Each of them knows that once the deal for Jiuye Investment to acquire BYD's equity is officially concluded, BYD's stock price will definitely take off, or even skyrocket!
By then, the value of the equity held by each of them will be rolling upwards, making a lot of money.
If the news is leaked in advance and the investment is ruined, it will definitely be the stupidest move, and the gain will outweigh the loss.
In order to ensure that the acquisition is completed smoothly, they cannot secretly accumulate funds in the stock market, which is likely to cause large fluctuations in the stock price and expose their flaws.
Once the deeds are exposed, not only may the investment fail, but it may also be investigated by regulatory authorities.
The reason for the regulatory investigation was naturally insider trading.
In this intention agreement, Yao Yuan clearly stipulated.
Before the investment agreement is officially signed, the amount of shares held by several BYD executives and their relatives who participated in the talks today cannot be changed.
During this period, if a shareholder's shareholdings increase significantly, he will be considered to be involved in leaks and insider trading.
Through these regulations, Yao Yuan is equivalent to putting a tight spell on Mr. Wang and others, with a maximum period of validity of three months.
When this equity transaction is completed, this tight spell will naturally expire.
By then, BYD's stock price will skyrocket, and both parties will benefit hugely.
At this stage, Jiuye Investment’s research work on BYD is still continuing.
After the research work is completed and combined with the research results, Jiuye Investment will make an acquisition offer.
There will definitely be some bargaining between the two parties before the final offer can be determined.
Based on the current progress of the research work, the transaction should be completed in October, unless some unexpected events occur.
After reaching the agreement of intent, Yao Yuan and Mr. Wang signed their names on the agreement and shook hands.
After chatting for a few more words, Yao Yuan suddenly changed the subject.
"Mr. Wang, please take a moment to speak. I have a few words I want to talk to you privately."
Hearing this, Wang Chuanfu couldn't help but be stunned for a moment.
Then, he nodded slightly.
"Okay, Mr. Yao, let's go to the reception room next door."
After saying that, he took Yao Yuan to the reception room next to him.
Everyone else involved in the meeting stayed in the conference room, and everyone was full of curiosity.
After entering the reception room, Wang Chuanfu raised his finger and pointed at the sofa.
"Please sit down, Mr. Yao. I don't know what you want to talk about. I'm very curious."
Yao Yuan nodded and immediately sat down on the sofa.
After Wang Chuanfu sat down, he smiled and said:
"Mr. Wang, once this equity acquisition is completed, we will be comrades in the trenches with the same interests. We all hope that BYD can become bigger and stronger and become the top car company."
"What I want to talk to you about is BYD's future development and BYD's development direction. I think BYD should focus its development on electric vehicles instead of gas vehicles."
"After more than a hundred years of development, today's oil truck technology has become very complete, and most of the technology patents are in the hands of many famous car companies in Europe, the United States and Japan."
"If BYD focuses on oil trucks, even if BYD becomes the top car company and produces the best cars, it will just be a wedding dress for others and it will not make much money."
"As far as I know, all domestic car companies are facing this problem. Every time they produce a petrol car, they have to pay very high patent fees to the famous European, American and Japanese car companies."
"This has overwhelmed every domestic car company. They even lose money on each car they produce, and they cannot stop the production line. If this vicious cycle continues, we will completely become wage earners."
Hearing this, Wang Chuanfu's expression suddenly became more solemn.
The next moment, he nodded helplessly.
"This is indeed the case. The technology of oil trucks is too mature, and famous car companies in Europe, America and Japan have already established patent barriers."
"Every time we produce a gasoline truck, we have to pay very high royalties to those car companies. I'm not willing to think about it, but we can't do it if we don't pay."
"Looking at those foreign car companies, with the large amount of patent fees we pay, all of them are living very well. They can just lie down and count the money every day."
Yao Yuan nodded slightly and then continued:
"This situation must change. We can't work hard for those foreigners. Now we have the opportunity to turn things around and let those foreign car companies pay us patent fees in the future."
"Unlike oil trucks, the electric car field is a blue ocean with unlimited prospects. There are no patent barriers and technical restrictions. We can completely overtake in the electric car field!"
"I think BYD should invest heavily in the research and development of tram technology, research and master a large number of tram technologies as quickly as possible, and quickly establish our technical and patent barriers in the tram field."
"As far as I know, the most critical technology and core of electric vehicles is the battery, followed by the motor. As long as we can reach the top of these two technologies, the electric vehicle field will be our world."
"As long as BYD is willing to vigorously develop electric vehicles, Jiuye Investment Company can, as a strategic investor, fund and support BYD in establishing relevant research departments and institutes and share the profits."
"Of course, in order to maintain the normal operation of BYD's business, we cannot completely give up on oil trucks at this stage. We can produce oil trucks while researching electric cars and gradually transform."
Wang Chuanfu was completely dumbfounded and looked at Yao Yuan with his eyes filled with disbelief.
He would never have thought that Yao Yuan would say such earth-shattering words.
This is going to set off an automobile revolution and completely overturn the dining tables of famous European, American and Japanese car companies!
Let those guys have nothing to eat and even have to go out to beg for food!
Thinking of this, Wang Chuanfu suddenly became so excited that his body began to tremble slightly.
"Overtaking in corners and establishing our own patent barriers are really great ideas!"
Seeing Mr. Wang's elated performance, Yao Yuan understood immediately.
His words were not in vain, and he obviously impressed the automobile industry boss in front of him.
This private conversation lasted for more than half an hour and just ended.
After finishing the conversation and returning to the conference room from the reception room, Wang Chuanfu's eyes had turned into two searchlights, which were a bit scary!
For confidentiality reasons, Yao Yuan did not visit BYD's headquarters and factories, nor did he accept Mr. Wang's banquet.
He didn't even visit Xu Wen and the others who were conducting research at BYD's headquarters.
Instead, he took Sister Shan, Mr. Li and the others and quietly left the BYD headquarters without being discovered by anyone.
After the motorcade drove out of BYD's headquarters, Yao Yuan took out his mobile phone and casually sent a text message.
"Beauty, what are you doing? I'm going to Hong Kong Island. If you come to Hong Kong Island, remember to contact me."
Within a moment, Li Yifei responded.
"Hello, Mr. Yao, please don't call me big beauty from now on. I'm sorry!"
"Call me Yifei, my friends all call me that. I will be resting in the hotel now."
"I wish you a safe journey. If I have the opportunity to go to Hong Kong Island in the future, I will definitely contact you."
Looking at the information on his phone, Yao Yuan couldn't help but smile.
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