Chapter 1928

Marco wondered if Feng Yu was deliberately cheating him. Feng had no plan to invest in Dezhong group.

But he didn't dare to gamble. Feng Yu's attitude was too strong. He didn't give him a chance to talk slowly. Who makes it so unlucky to use the same car now that there is a serious lack of money?

Although the $10 billion is not much, and it may not be able to pull the car out of bankruptcy, it is crucial for Marco.

If it's done, then he will have credit, can continue to hold the position of chairman and CEO, and can continue to hold a high salary. Generally, the executives of large listed companies are annual salary + stock award. But he doesn't want stock rewards now, he just raises his annual salary.

Why? It's not because co use cars are going out of the market. If the stock price remains in the market for a long time and suddenly falls sharply, bankruptcy is inevitable.

Marco reflected the matter to the shareholders, naturally including the US political axe.

There are all scolding Marco. They think he is not good at things, but they dare not let Marco directly refuse. In particular, several major shareholders are eager to get some cash from the same car. The company needs money so much now.

Debt operation is very normal. Many enterprises are in debt operation. However, if the debt exceeds the asset value of the company by more than one time, the number is still so large. They are the only one.

Although they are very clear, it is impossible for the US government to watch them go bankrupt, because the impact is too great, which may make the US economy worsen again.

But it will take time for the government axe to raise funds, and they have to fight for this buffer period. And with money, they can also reduce their debt, make some quick responses, and avoid a more serious situation.

It was not until Feng Yu's rebirth that CO use cars began to make profits, and the profit of a year was only a few hundred million dollars.

With an annual sales volume of more than 9 million vehicles and a profit of only a few hundred million dollars, it can be seen how much debt impact they have. Debt is a big thing.

At this time, Feng Yu really went back to his office and paid attention to Dezhong group.

Dezhong group has not developed very well in recent years. In 2004, because of its poor management and high production cost, Dezhong group had to sell some shares to make them have money to continue to operate.

Of course, it is also because this year, the European Union wants to abolish the privileges of Saxony government in the German group, which are actually local protection, but also limit the rights and interests of other shareholders.

In the past, Dezhong at least managed well in China and made a lot of money. But in this world, China's market, that is ice city automobile as the leader, Dezhong and other joint-venture car companies can not make much money. China's car companies are different from those in the past, they have made alternative technologies, and then they sell their own brand of cars.

Last year, when the global automobile sales fell seriously, the Chinese market broke through the production and sales volume of 11 million vehicles. In addition to icecity machinery, several other large-scale automobile enterprises planned by the Chinese government axe performed well.

This can be seen from the acquisition of foreign brands by Chinese auto enterprises.

The same is true this year. When European and American auto companies are struggling to turn the market around, the Chinese side is "the only one with good scenery". In the first quarter, the sales volume exceeded 3 million units, and then the performance is still good. It seems that this year, it means to exceed 13 million production and sales.

Dezhong has lost the advantages of the previous Chinese market, and this life is naturally worse.

As soon as Porsche saw the opportunity coming, and Dezhong group itself was created by the founder of Porsche group. Their leader at this time was the three generations of the old man who was called Porsche at the beginning, and they were cousins.

Porsche group has always wanted to "take back" Dezhong group, so when Dezhong group sells shares and issues additional shares for financing, they are crazy to take in, increasing the shares to more than one quarter, and become the largest shareholder of Dezhong group.

Then Porsche group pushed the European Union to abolish the German protections for the German group, so as to become a major shareholder, they really have the opportunity to control the German group.

How can Dezhong group develop without money? Like many companies, they issue options. That's the kind of bond that matures and can be cashed in or converted into stock of the enterprise.

Porsche group has loaned 10 billion euros for this, and is slowly eating in. It is declared that they just want to increase their shares in Dezhong group, and there is absolutely no idea of acquisition.

In this kind of lie, Porsche group holds 42% shares of Dezhong group, which surprised the German government axe.

At the same time, it also has a large number of options, and together, nearly three-quarters of the shares are in hand.

At that time, the Porsche group didn't have so much money. The market value of Porsche cars was only a few billion euros. Dezhong's assets were several times that of it.

So at that time, Porsche group not only borrowed money, but also secretly got the support of many hedge funds. But Porsche also began to lose a lot of money at this time. They made high-end luxury cars, but they burned money very much. At this time, the debt also exceeded 2 billion euros, which is not included in the debt of Porsche holding group.Dezhong group's stock is up and down, and many hedge funds are losing money. German government axe also began to think about how to fight back. Dezhong group can never be acquired. What they need most now is money.

There are only a few old ways to raise funds. One is for shareholders to take money out. Porsche group, the largest shareholder of Dezhong group, naturally does not agree.

Or the German government will try its best to buy back shares. Unfortunately, due to the impact of the economic crisis, the German political axe does not have so much spare money.

Then they let Dezhong group issue additional shares or bonds, but they are afraid that in this way, the shares of Porsche group will soar again, which really makes Dezhong group a part of Porsche group.

So Dezhong group really contacted Ralph and hoped that Feng Yu could invest in them. They promised high interest and hoped that Feng Yu could buy their bonds, but they would not give them equity.

Of course, Dezhong group has another idea: after Feng Yu becomes their shareholder, the Chinese market is not open to them, even the Eastern European market will be open to them.

The purchase of Porsche and Dezhong is in Huaxia, which is a typical case of an individual swallowing state-owned assets, but it is legal. And this competition between cousins, Feng Yu is not intended to be involved.

Dezhong now wants money to buy Porsche, the core asset of Porsche group, but Porsche group also has the equity of the leader family of Dezhong group at this time. In Feng Yu's opinion, the two cousins are seemingly incompatible. In fact, they still want to kick out the German political axe.

Feng Yu put down the information from Dezhong's side, but he had to forget it. He couldn't make it easy for these two brothers to give him a hole. Now it's up to Marco to see if he agrees. I hope this nail in the car can play a greater role!

……