My Age of Investment

   Chapter 1215 Great news

Capital International Airport.

   Zhang Rujing pushed the suitcase and walked out of the passenger passage in a dusty manner.

  Compared with a few months ago, his face has changed a lot, and there is still a sadness in his eyebrows that will never go away.

   "Zhang Zong~"

   Hearing someone calling him, Zhang Rujing hurriedly looked up and saw a young and beautiful girl in business attire looking at him with a smile on her face.

  The girl also held a sign in her hand, which read "Welcome Mr. Zhang home, you have worked hard all the way".

   Seeing this line of simplified characters, Zhang Rujing suddenly felt warm in his heart.

  Recalling the various cold receptions he has received in Wanwan in the past few months, and looking at the courtesy of the mainland to him, he is very emotional and a little moved.

   "Mr. Zhang, Mr. Xia and Liang always had to come to the airport to meet you in person. Because there was a temporary meeting, they arranged for me to come to meet you. Please forgive me."

   Liu Xiaoduo explained to Zhang Rujing and arranged for the driver to pick up his luggage.

   Zhang Rujing smiled and waved his hand, "Mr. Xia and Mr. Liang are too polite. Although this old man is old, he still can't get lost."

   Although he didn't care at all, Zhang Rujing still felt the respect of Xia Jingxing and Liang Mengsong for him, which comforted him a lot.

   He returned to Wanwan for several months this time, during which time he was basically running up and down for the lawsuit of Huaxin International.

   Now Huaxin International has been privatized by the Renaissance Industrial Fund, and has been delisted from the New York Stock Exchange and the Hong Kong Stock Exchange. .

   The one or two points of Huaxin International shares he personally held were all sold to Fuxing Industry.

  According to common sense, the patent lawsuit between Huaxin International and Gulf Power has nothing to do with him.

  Because with the completion of the acquisition, Huaxin International's assets, debts, interests and even lawsuits were all transferred to the name of Fuxing Industrial Group.

   But Zhang Rujing still can't be idle. He wants to do more for the revival of the industry and the semiconductor industry in China.

   But he seriously underestimated Zhang Zhongmou's hatred for him and the fear of Huaxin International.

Ugh!

   Zhang Rujing sighed and followed Liu Xiaoduo and the driver to the car parked by the road.

  …

  …

   "In order to privatize Huaxin International, we have spent a total of 1.2 billion US dollars."

  In a small conference room, Deng Yuanjun, CFO of the group and head of Fuxing Industrial Investment Fund, was introducing the whole process of acquiring Huaxin International to Xia Jingxing, Liang Mengsong and several executives of Fuxing Semiconductor Group.

  Rejuvenation Industrial Industry Investment Fund is actually the semiconductor industry investment fund and integrated circuit industry investment fund with a scale of 100 billion RMB and deployed in China.

   Just to avoid being too high-profile, it was deliberately changed to the current name, which is more like the war investment department of Renaissance Industries.

   "During the entire acquisition process, institutional shareholders such as Magic Capital and Walden International cooperated very well with our work, saving us a lot of trouble.

   For minority shareholders, Huaxin International is in a state of internal and external difficulties. After we give a certain acquisition premium, almost all of them are willing to accept our tender offer. "

  Speaking of this, Deng Yuanjun suddenly released a PPT picture and pointed at it and said, "This is the financial statement of Huaxin International in recent years, everyone can take a look.

   In 2004, Huaxin International's operating income was 8.067 billion yuan, and its net profit was 587 million yuan;

  In 2005, the revenue was 9.453 billion yuan, and the loss was 900 million yuan;

  In 2006, the revenue was 11.457 billion yuan, and the loss was 344 million yuan;

  In 2007, the revenue was 11.337 billion yuan, and the loss was 142 million yuan;

   In 2008, it is not over yet, but after investigation and audit with the financial department, it is estimated that the revenue this year will be less than 10 billion yuan, and the loss may reach about 3 billion yuan.

   In fact, since 2005, the development of Huaxin International has continued to decline, from profit to loss. Since then, revenue began to decline and losses began to expand.

  The main reason is that in 2005, Huaxin and Bay Power reached a settlement on the patent infringement lawsuit, and paid a settlement fee of US$175 million to Bay Power.

   Since then, it has caught up with the industry cycle of the semiconductor industry from prosperity to decline, and the second patent infringement lawsuit initiated by Bay Power against Huaxin International.

   These reasons have caused Huaxin International's revenue to decline for three consecutive years, and the stock price has also plummeted.

   What's more terrible is that the lawsuit between Huaxin and Gulf Power is still unknown, and it is unknown in what form it will end in the future.

  If Wandian wins the lawsuit and receives huge compensation, Huaxin International may be insolvent, which is the biggest uncertainty! "

Xia Jingxing suddenly interrupted: "Okay, don't keep mentioning Wandian, if it wasn't for their troubles, Huaxin International would not be where it is today, and we don't even think about buying this company at a price of 1.2 billion US dollars. A large semiconductor manufacturing company.

  Since we picked up this "cheap", then naturally we have to face the lawsuit with Bay Power calmly. "

  Deng Yuanjun nodded, and then he did not mention the matter of Bay Power, but instead talked about the Renaissance Industrial Investment Fund.

   "Our industrial investment fund has spent seventy-eighty-eight of the first 9 billion RMB in place.

   Considering that Huaxin International will be merged and reorganized with the original Fuxing Semiconductor Magic City No. 1 Factory next year, the losses of the two companies next year may be astronomical.

   At the same time, it is necessary to keep the restructured Huaxin International at a high speed and catch up with the international advanced manufacturing process. Investment is essential. "

   As soon as Xia Jingxing heard Deng Yuanjun's words, he knew that the other party was euphemistically asking for money.

   The industrial investment fund of 100 billion RMB has been planning and carrying out fundraising since the beginning of the year. More than half a year has passed. So far, only 9 billion RMB has been in place.

   Among them, Vision Capital invested 5 billion, Fuxing Industry invested 2 billion, and the other 2 billion was jointly invested by Walden International, Hanergy, Northern Lights and other partners.

   The reason why the fund’s investment has not been fully completed is because the previous second wave of financial short-selling operations has not completely ended, and Xia Jingxing has no spare energy to fill the fund, so he can only raise while investing.

  It is different now. 2009 is coming, and the second wave of short-selling operations is officially coming to an end. A large amount of short-selling profits are already on the way to be realized, and there is no need to live a tight life.

  Xia Jingxing replied with a smile: "Next month! That is, starting from January next year, the remaining 91 billion RMB will be fully in place."

  Deng Yuanjun's expression was surprised at first, then ecstatic.

   This is great news!

   He asked subconsciously, "All in place at one time?"

  Xia Jingxing's face was light and calm, "Yes, everything is in place, and it's a one-off!"

   Not only Deng Yuanjun, but also Liang Mengsong and several semiconductor group executives on the side could not sit still.

  How much money did Mr. Xia make in the international capital market?

   They immediately thought of a rumor in the rivers and lakes that Mr. Xia's 100 billion worth is all real cash!

  The rumors are not groundless!

   Xia Jingxing naturally saw the surprise, joy and doubt on everyone's face.

He did not explain too much, because this is the top commercial secret of Vision Capital, and even within Vision Capital, only a few executives know the specific profitability of the fund, and the general executives of Fuxing Industry do not need to know. .

  Fuxing Industry has invested 2 billion yuan, holding 2% of the entire 100 billion industrial fund, and is also the general partner of GP, which is the real manager of the fund.

Xia Jingxing glanced at Deng Yuanjun, this is the person who is really in charge of the investment direction of the 100 billion fund next, but he can give him some details. As for the others, there is no need to know, they only need to know that the group has 100 billion yuan in control Right will do.

   Seeing that Xia Jingxing didn't mean to explain at all, Deng Yuanjun, who was thoughtful and thoughtful, didn't ask any further questions, and quickly changed the subject.

   "After Huaxin International was privatized by us, all work handovers were successfully completed without causing too much impact on the company's operations.

   In October, Huaxin International also obtained the US 32nm technology export license, and then Huaxin can start the foundry research and development of 32nm logic chips.

  In the pursuit of advanced process technology, we must not stop. "

   (end of this chapter)