Rebirth of the Official Business Route

Rebirth of the Official Road Business Chapter 54 Meeting of Twenty-Nine People

Yaping has not been to Jianye for some time. Philips' business is in Jianye. Come to Jianye again. He is no longer the president of the Greater China Region of Philips Components. The new identity is the senior vice president and president of the components department of Aida Group.

Come to Jianye this time. Just now Jianye has changed so much in a short period of time.

"I can't imagine it." Zhang Yaping stood on the cemetery square on the north **** of Yangui Mountain and looked out towards Oak Garden Xuefu Alley. "When I was on a business trip to Jianye in the winter of the previous year. I drove past this area. Except for the school buildings of Normal University and Dongda. The bank of Yangui Lake is completely indistinguishable from ordinary messy small towns. Donghua Avenue was just completed at that time. There are messy houses along the street. In just over a year. Who would have expected such a magnificent sight. I see in the near future. The square where we are standing will become a famous observation deck in Jianye, maybe... …" Novel chapters are updated fastest

Nearly a thousand acres of land between the north shore of Yangui Lake and the East University of Normal University have been opened. The Xuefu Alley between Normal University and Dongda was also completely demolished and rebuilt. The construction of the Hudong business district was launched at the beginning of the year. At this time, the two hundred acres of Yanhu Villas in the northeast corner of Yangui Lake were also completely completed. Except for the high-end apartment commercial street, this large area of ​​buildings. It is mainly the Garden Inspection and Pioneer Park with the theme of Oak Garden. Oak trees are the main vegetation in the large lakeside leisure green and residential areas. Standing on the **** of Yangui Mountain and looking at this piece of land. It's just as the color of oak leaves changes in early winter. A whole large piece of soil showed rich colors such as golden red, golden mud, yellow and light brown. Beautiful. It seems to wrap Hubei Bin with a colorful shawl. The water of Yangui Lake is as clear as a huge piece of jasper embedded at the foot of the mountain. And then it becomes one piece with the lush campus of colleges and universities. There is no particularly strong sense of modern city. The whole is like a large Bin Oak Park. "Fiction" novel chapters are updated fastest

In the Oak Park area, the main high-rise building of the East Lake East Commercial District is set aside. Although most of the buildings are under construction. But you can also feel the strong modern urban atmosphere.

"..." Su Jindong smiled. He is very busy these days. I heard that the scenery is beautiful from the looks of it. There is no more time to take a look. Said. "There are idlers. I have been climbing since late September. This oak orchard is indeed worthy of its name...not to mention the ride through the tall oak jungle from the mountain. I feel quite comfortable. But in Ke Shao's opinion. The scale is still too small. I think he is thinking about the large oak gardens in the western United States with tens of thousands of acres and tens of thousands of acres..."

Listen to Su Jindong say that Zhang Ke's ambitions. Zhang Yaping also smiled lightly. Although China is vast. People are thicker. There can be such a pure land in the densely populated city of Jianye. It has made people satisfied.

I remembered the stench of the lake that I could smell when I passed by the back of the lake the previous year. Only two years. The water of Yangui Lake is as clear as a huge piece of jasper embedded in a big one. These are all the new scenes that Kumho has brought to the city during the more than a year when Kumho aggressively advanced into Jianye. Zhang Yaping looked at Su Jindong with his hands on his hips and looked at the scenery below the mountain with a happy expression: he was one of the people who pushed for some changes behind the scenes. Standing on the hillside and looking at the beauty in the distance. The pride in my heart is probably self-evident. He smiled faintly. At this time, he could also feel more truly what the future of merging into the lake was waiting for him. Look around. All for the purpose of participating in the senior manager meeting, the senior Kumho executives who arrived at Jianye one day in advance. It can be said that all of these people are the choices of the world. In just three or four years, they all gathered under the banner of Kumho.

The Kumho system takes Aida as the core structure of the whole body. Senior managers who are eligible to participate in the Senior Managers' Meeting also use these two member companies as representatives of the Doida Group, including Su Jindong, Dongcheng, Hanzhang, Yang Yunlu, Qingsheng Tan Yunsong, and others. Of course, we also include Zhang Yaping, who has taken up the post after joining Kumho. Although Kumho Corporation was only established at the beginning, there are also representatives from Sun Shangyi, Ye Jianbin, Ge Mingde, Xiao Jincheng, and Jiang Wei. also. Shin Kong Paper was represented by Zhou You Zhou Fu as nonvoting delegates. Shin Kong Forestry was attended by representatives of Zhiyou. Microchip Microchip was represented by Liu Zhicheng1 Xiangxuehai was represented by Tao Xingjian Chen Moye Xiaotong was represented by Catering and Entertainment Group was represented by Sheng Qing. The production of Century Lake was represented by Shao Zhigang. Hongyuan Industrial is represented by Zhang Zhifei at Yuexiu Holdings Kumho Holdings, represented by Cai Feijuan, represented by Aida Electronics, represented by Fu Jiajun, represented by Kumho Economic Research Center, represented by Shao Xinwen, and represented by Cui Guoheng, is represented by Cui Guoheng. Xie Wanqing, who represented Haiyu Company as a non-voting delegate. Except Zhang. Twenty-nine persons who are officially qualified to participate in this senior manager meeting participated in this meeting. It also confirmed the identity and position of our core managers in the Kumho system.

Zhang Yaping looked at the crowd on the left and right. I thought that the 20th and 30th here would be the best choice for anyone to pick out. But the soul man who brought them together was the young man under the age of twenty-one. Zhang Yaping looked back for Zhang's figure. See Zhang Ke and Xie Wanqing standing together talking. Oh. Xie Wanqing is used to being low-key on weekdays. Unobtrusive. But it is undeniable. Without her firm support. Kumho does not have a firm foundation to take off. And Ye Jianbin. The Ye family behind Ye Jianbin can be said to be Jin

Another firm foundation of

Is Kumho huge at this time?

After the flood this summer. Raise funds for post-disaster reconstruction in Jiangnan Province. Ke and Xie Wanqing jointly transferred a 6% stake in Aidaji to the Southeast Asian Chinese businessman Guo He Ma Chen for a price of 120 million U.S. dollars. Transfer of 6% equity of Yue Holdings for US$80 million. Based on the price of this share price transfer, the market value of Aida Group is over US$0 billion. The market value of Yuexiukong used to be $13. Yuexiu Holdings is an asset management company within the Kumho system. This meeting will decide to integrate Yuexiu Holdings into the investment and asset management department of Hushang. However, these two simple data are far from the huge structure and scale of the Kumho system with two member companies of the Aida Group Kumho Corporation as the core.

Zhang Yaping officially left Philips on December 5. He didn't give himself time off. Stayed in Haizhou for four days. I arrived at Jianye three days in advance. Even if he officially took the post of senior vice president and president of components of Aida Group.

In these seven days. His main job is to familiarize himself with the entire structure of Kumho.

The most familiar to outsiders of Kumho is naturally Aida Electronics.

After the backdoor listing, Aida Electronics still focuses on the disc player business. At the beginning of 1997, it jointly launched the disc player technology with Texas Instruments Cooper, and then Aida Electronics separately launched the video disc technology and the density video disc technology. The position of the disc player market in emerging countries and regions with relatively loose intellectual property protection has been determined; Aida Electronics predicts that in 1998, the production of various types of disc players will be mainly 7 million units. The output value exceeded 10 billion yuan. As Aida Electronics was established at the earliest time. From 1998 onwards, the preferential policies of tax reduction and exemption will be gradually lost. In 1998, it will contribute nearly 600 million yuan in tax revenue to the finance of Haizhou City. Although the Southeast Asian disc player market still suffered a severe setback in 1998. Competition in the domestic disc player market is also fierce. As the first disc player brand, Aida Electronics still achieved the annual net profit target of 900 million yuan in its main business in 1998.

As Aida Group and Yuexiu Holdings have been implementing active plans to increase their holdings in Aidazi. In addition, the performance of Aida Electronics' disc player business in the low market is still good. Aida Electronics' performance in the Hong Kong stock market is far superior to other listed companies. Although the market value remains at around HK$1 billion, it is down 30% from the peak. However, the Hong Kong stock market is full of companies whose market value has been frustrated by more than half or even more than two-thirds.

Active holding plans have been implemented. Aida Group and Yuexiu Holdings’ shareholding in Aida Electronics has increased by 48% from less than 30% in the past year.

This is probably the Kumho that outsiders can directly understand. Kumho’s shares in Aida Electronics have a market value of HK$34; like Kumho in 1998, it could also share an additional US$80 million in monopoly profits from disc drive decoding chips. It is unknown to outsiders.

This is just the tip of the iceberg. If you can be more careful. From the third quarter financial report released by Aida Electronics, you can see the financial situation of Huishan Xiangxuehai Electric this year. Although Xiangxuehai has no plans for dividends this year. Will not make a direct contribution to the annual net profit of Aida Electronics. However, it can still be seen from the financial report of Aida Electronics that Xiangxuehai has taken off with the help of CCTV advertising.

Kumho has formally intervened in Xiangxuehai from the end of the spring of 1996 to make two capital injections for Xiangxuehai through Aida Electronics Yuexiu Holdings. So that the national brand Xiangxuehai, which has a history of nearly 20 years in China, has obtained sufficient exhibition funds. Net assets increased to 1.5 billion in a short period of time. The scale of assets reached 3 billion at the end of 1997. In addition to building a new production line for refrigerators and freezers in 1997. It also invested in the construction of washing machine and air-conditioning production lines. In 1998, Xiangxuehai’s brand advertisements officially entered the yellow hours of CCTV. Xiangxuehai's product sales have changed from previous years' slump. Regained the position of "Beihaier Nanxiangxuehai" in one fell swoop. The sales of main business refrigerators and freezers are expected to reach 3.6 billion in 1998. Consolidation of washing machine air-conditioning and other businesses. The total annual sales will reach 5 billion. After deducting the taxes paid. The annual net profit will still be around 5 yuan.

Of course, the annual net profit of 5 billion in sales and 5 years is only Xuehai's initial goal. In 1999, Xiangxuehai will increase its strength and brand development in the domestic washing machine air conditioner market. At the same time, it also plans to extend to the upstream condenser and compressor industry. It will also launch the overseas market development plan to double the above two figures by the end of 1999.

In addition to Aida Electronics, which holds 25% of Snow. Kumho also holds 51% of Xiangxue's shares through Yuexiu Holdings.

This is just the tip of the iceberg of Kumho that outsiders can learn through public information.

This is the first time that a senior manager meeting has been held. Discussed the merger of Yue Holdings into the investment and asset management department of Kumho Corporation. It also reviewed the implementation process of the Kumho system integration plan during this period and confirmed the next step of cross-shareholding. This time the issue was determined in advance. Related materials were also delivered to the participants in advance.

The "Hundred Cities and Hundreds of Stores" plan to strengthen the sales of digital mobile terminals has also been officially launched. Aida Group and Shengxin Electric jointly invested 5 yuan to establish Sheng

The original digital mobile phone franchise business Da Group provides 12% of shares in electrical appliances with 3 yuan of funds and 0% of shares in Shengdian. In addition, the Ye family will also exchange views with Aida Group with Zhang Xie Wanqing and others. Hushang Shi and Shengxin Electric's shareholding. In order to ensure the gradual integration of Shengxin Electric into the Kumho system. In addition, we are working with Huishan City Government. Aida Group will acquire the remaining% of Xiangxuehai's shares held by Huishan Light Industry Bureau. The complete privatization of Xiangxuehai Electric is to prepare for Xiangxuehai's next listing plan.

In addition to the country's largest mobile phone franchise company. At this time, Shengxin Electric had 88 home appliance stores. Twenty-eight of them are flagship stores with a business area close to or over 10,000 square meters. The total number of employees employed exceeds 12,000. Sales exceeded 12 billion. It deserves to be the largest domestic commercial enterprise. Although an extensive management model was adopted during the expansion period. The annual net profit is as high as 700 million.

Once a Kumho system with Aida Group Kumho Corporation as its core is formed. This system will directly control the world's largest disc player company, Aida Electronics, the fourth largest mobile phone manufacturer in China, the second largest portable music player manufacturer in the world, the second largest instant storage disk manufacturer, Aida Group, the largest paper company in East China, Shin Kong Paper, the largest domestic manufacturer Forestry Enterprise Xinguang Forestry. Shengxin Electric, the largest home appliance chain company in China, is currently the only fab in China, Microchip Microchip, the second largest refrigerator and freezer manufacturer in China, Xiangxuehai. Than the above member companies. The indirect control of Century Kumho Dining and Entertainment Century Kumho's Chanhongyuan Industrial Co., Ltd. appears to be irrelevant.

It is necessary to clarify the complicated relationship of rights and interests within the Kumho system. Even Zhang Yaping got the most direct information. You will also feel a lot of headaches.

Zhang Yaping was also very curious: How many assets does Zhang Ke, a young man under the age of 21, have at this time? The calculation is based on the price of transferring equity to Guo Chenmahe and other Southeast Asian Chinese businessmen in mid-September. The total value of assets under Zhang Ke's name is almost $2.56 billion. The assets of the Ye family represented by Ye Jianbin are almost 800 million U.S. dollars. The assets of Shangyi and Ge Mingyu are almost 400 million yuan. Xie Wanqing owns almost 400 million U.S. dollars and Ge Mingjun almost 200 million U.S. dollars. Although Xu Si did not attend this senior manager meeting. The assets under the name also need to be as much as US$15,000 to be qualified to participate in senior managers’ meetings. Except that Zhang Yaping himself is a new member of Kumho and has yet to acquire the equity of Kumho. Other people's net worth is also very expensive. Among them, the two veterans of Su, Jin, Dong and Dong who have contributed the most to Kumho have the most substantial assets, each of which is over US$100 million.

Calculations based on this. The core assets of the lake system have just reached 5 billion U.S. dollars. This has to be left to the comparison of international backgrounds. Kumho is really nothing. The Samsung Group’s debt scale in 1998 was as high as 17 billion U.S. dollars. Sony's market value remained above $30 billion even during the worst economic crisis. Sony is still only a Japanese electronics company controlled by the Mitsui Chaebol; however, the senior executives who participated in this meeting are very clear in their hearts. The core value of the entire Kumho system is definitely far more than 5 billion U.S. dollars. It can even have a significant impact on the economic and political situation of the Xie River Basin.

Zhou You walked to Zhang Yaping Jindong and said with a smile: "In a few dozen or hundreds of years. Later generations will study the modern economic history of China or the world. This meeting will not be as shiny as the "Twenty-Nine Meeting". Title? Those of us are going to be famous in history..."

Zhou's humorous lobbying ~www.wuxiaspot.com~ is also quite proud of his demeanor. Zhang Yaping laughed. There is no need to hide Kumho at this time. Especially the convening of this senior manager meeting. It has already marked that Kumho has initially possessed the characteristics of a comprehensive industrial consortium.

"Sao Ke told you to go there?" Su Jindong reminded Zhang Yaping to pay attention to see Zhang Ke beckoning here in the distance. Zhang Ke, Chen Xin, the Chinese zodiac Jincheng, and Tao Xingjian, the president of Xiangxuehai Electric Group, and others stood together and went around and found someone to say that they would go to Su Jindong to accompany Zhang Yaping.

"It should be sooner rather than later for Xiangxuehai to start the digital home appliance plan..." Zhang watched Su Jindong and Zhang Yaping walk over. Said that although I want to operate the dual brands of Aida and Xiangxuehai at the same time. But internal integration cannot be impeded by different brands. Negotiations with Huishan City Government should also be completed as soon as possible. You Ai acquires the remaining shares of Xiangxuehai in the hands of the Huishan Light Industry Bureau. in addition. Xiangxuehai's overseas market expansion will soon start. This part of the work. Of course, it has to be handed over to the overseas operations department of Kumho Corporation to operate..." Zhang patted Xiao Jincheng on the shoulder. He said. "Next year you will have less pressure...Kumho is based on the domestic market. But whether it can achieve a real take-off. It is still necessary to have a sense of competition in the global market. Only in the global market with overseas electronics giants such as Samsung, Sony, Matsushita, Nokia, can it stand tall. To be successful. The criterion for our success is to build a company that makes people proud. "

The sunset will fall. Everyone got in and got off in turn = go. The dinner in the evening is arranged in the staff restaurant of the Pioneer Park.