Chapter 658

A group of dozens of people came to the conference room, including many foreigners. These are the shareholder representatives of several wafer foundry under liandian, most of whom are from Meidi.

At the beginning, when liandian started the wafer foundry project, it directly attracted 12 IC design companies of Midea to invest in three wafer foundry factories, including Lianyong and Lianrui, and liandian's own factories, so that liandian became an IC manufacturer with little strength compared with Jidian at that time.

Without this fire, today's liandian would definitely be able to compare the accumulated electricity, which is really better than heaven. Of course, for Li Feng, if there was no fire, he would not have such a chance now.

Under Cao Xingcheng's introduction, Li Feng also exchanged greetings with the representatives of these IC design companies. The last group of people took seats in the conference room one after another. Next, it's time to take it seriously.

"Ladies and gentlemen, after such a long negotiation, the result is roughly the same. This is the explanation of the result of our negotiation. Please take a look." Cao Xingcheng sat on the Lord's seat, took a stack of documents, distributed them to the people and said.

I watched the staff put the document in front of me. Although I knew the result, I still picked it up and read it.

……

According to the document, liandian is now a listed company, with about 30% of the outstanding shares. In fact, the shares of Cao Xingcheng and other management are only about 20%. Who made the original liandian led by the government, but later liandian broke away from the government control under the leadership of Cao Xingcheng.

At the beginning, 12 design companies were attracted. This time, these design companies will become the shareholders of Xinlian power, with a total converted share of about 35%, and some other large and small shareholders totaling 15%.

Through this reorganization, liandian holding company registered in the Cayman Islands will be established. Next, with the capital injection of Li Feng and the three families, the major shareholders will dilute their shares one after another. Yes, it's a bit like financing this time, but financing finance is relatively large.

Due to the Lianrui fire, liandian lost tens of billions of new Bay dollars, and the remaining billions of contract losses and intangible losses, such as the delay of time due to the fire, resulting in the shortage of liandian funds.

According to the latest closing price of liandian, the market value of liandian is US $5.5 billion. According to the acquisition at a 20% premium, liandian is valued at US $6.6 billion.

The financing amount is US $3.4 billion, of which three companies invest US $500 million respectively, and the remaining 1.9 billion is directly invested by Li Feng. In this way, the market value of the company will directly reach 10 billion, which will directly surpass Jidian and become the largest semiconductor manufacturing company in the bay.

……

It has been settled before. After reading it quickly, it has been affirmed by everyone. Later, it has obtained the agreements drafted long ago, including the agreements that major companies give up their original shares and re take shares in the new company, the agreements on financing and taking shares in several giants such as Li Feng, etc.

Watching Xu Haifeng sign on behalf of Tianya investment company, the rest of the people also began to sign. In this way, Li Feng will get 19% of the shares of xinliandian. Naturally, the shares cannot be owned by Tianya investment. There are several funds involved, hiding the shares. Naturally, the shares of the major shareholders who originally came to liandian will be diluted.

However, the company has also promised that Cao Xingcheng will still serve as the chairman and CEO of the company, the original management will remain unchanged, the members of the board of directors will be increased, and the representatives of major companies will become new senior executives.

At the same time, the original IC design companies controlled by liandian are directly independent. Liandian will focus on IC manufacturing in the future. The IC design company will become parallel with liandian, and the shares of companies such as MediaTek will be transferred to the holding company of the parent company. Most of the shares of these companies are held by liandian, basically between 50-60%.

Of course, Li Feng's pursuit of the shares of Xinlian power will not stop.

No one knows that after Li Feng's signing, after dawn on the US side, a group of people led by bill wilbey will re sign an agreement in the US, and the share transfer agreement will be signed with the previous 12 IC design companies of liandian.

Yes, as early as after the intention negotiation, Li Feng asked Meidi to take action. Meidi is now Li Feng's headquarters. He contacted these design companies with the help of his own investment companies, Da Mo and Goldman Sachs.

Anyway, with Li Feng's strength and contacts, through a series of operations, pressure and other explicit and covert means, they finally reached an agreement with others. Anyway, Li Feng is also a big man in the United States, which still exists.

……

At the same time of share transfer, we also reached a priority agreement with them, that is, the chips required by 12 design companies will get the priority production right in Xinlian power.

Originally, 12 IC design companies were willing to cooperate with Cao Xingcheng, mainly for their own design and production needs. Now that they have Li Feng's priority commitment, after some consideration, these companies finally agreed to Li Feng's share acquisition requirements.

In this way, Li Feng got a total of 23.1% of the shares of 12 companies. Similarly, when liandian expressed its willingness to negotiate on the issue of shares at the beginning, Li Feng asked Bill Weibei and others to secretly acquire the market shares of liandian before.

Before Li Feng signed the agreement, he had acquired almost 15% of the shares in total. It can be said that the circulating shares of liandian in the market were almost wiped out by Li Feng. After dilution, it is almost 9.9%.

In other words, Li Feng of xinliandian has almost controlled 52%. In fact, Li Feng has acquired liandian and obtained the controlling stake.

Li Feng doesn't want to expose the final control of the company for the time being. As a last resort, Li Feng doesn't want to quarrel with Cao Xingcheng and other management. Anyway, the board of directors and the next senior management of the company will have their own place to understand the company's every move.

In this way, Li Feng will spend more than $5 billion in cash to hold the largest wafer foundry at least at this stage. Naturally, in terms of production scale, today's liandian is still inferior to Jidian.

Among them, the money for the acquisition of shares in Midea still goes to major banks, including Chase Manhattan, Citigroup, Bank of America and other six large and small banks to help Li Feng pay.

Naturally, Cao Xingcheng didn't know about the transfer of shares with 12 design companies of Meidi. Those shares were placed in 12 fund accounts. In the view of outsiders, that is, the shares of these companies were acquired or transferred.

Naturally, the next step is for the company to open the road of expansion. The new company will successively build 3-4 wafer foundry factories in the United States, Europe, Asia and other places. After all, there is no reason to put so much money on the account this time.

……

"Mr. Li, Mr. Cai and Mr. Gu, as well as the representatives of shareholders, on behalf of the company's management and all employees, I would like to thank you for your trust. We believe that the future prospect of liandian must be bright. We will strive to be worthy of your every contribution. Thank you!"

As the signature was completed, a burst of applause broke out in the conference room. At the same time, Cao Xingcheng, the Bay semiconductor boss, got up in high spirits and shouted to the people.

Looking at Cao Xingcheng's excited expression, Li Feng couldn't help thinking that if he knew that I would own more than 50% of the shares and control liandian, he wouldn't know if there would be such an excited expression. He couldn't help laughing at this.