May 1.

Huangming Solar, whose funds are exhausted, announced the layoff of 1,500 employees, and considered selling some industries to reduce the overall debt ratio.

At the same time, rumors spread that Huangming Solar Energy was about to go bankrupt in the entire Texas and even in the surrounding business districts.

Demon City.

Goldman Sachs' branch in China.

President Rogers and venture capital manager Jiang Hua were shocked and suspicious when they heard the news.

Jiang Hua's expression was so ugly: "Rogers, I just talked to Huang Ming."

"What did he say?"

"Huangming Company's capital chain has been broken. Huang Ming hopes that we will spend 500 million yuan to help Huangming Company overcome the difficulties." Jiang Hua's face turned dark.

The current market situation of solar panels, let alone top venture capital companies like Goldman Sachs, even ordinary people know that the old solar energy industry is not good.

At this time, the capital injection and increase holdings are not crazy. Goldman Sachs only wants to trade stocks, but does not want to become a major shareholder to take over the mess of Huangming Solar Energy.

Rogers's hooked nose trembled slightly, his breathing became more rapid, and he shouted angrily: "NO, is he treating us as fools?"

Jiang Hua immediately said: "In addition, our financial personnel found that Huang Ming sold part of the land and factory buildings to a small company at a low price, with the price being less than one-fifth of the market price. He was planning to transfer the company's assets."

"Fake Squid, he's committing a crime!"

However, Jiang Hua, who understands the laws of China, is very helpless. Huang Ming, who has absolute controlling stake, has the right to sell the company's assets at a low price and file for bankruptcy.

Huangming Solar's registered capital is 500 million, of which Huang Ming's own shares are 72%, Goldman Sachs holds 14%, and Yinghui Group holds 14%.

Huang Ming had a maximum debt of 360 million, but the assets he sold at a low price were as high as one billion. After a round trip, he not only got rid of billions of debts, but also got the capital to make a comeback.

"What should I do?" Jiang Hua fell into trouble.

Suddenly a phone rang, and Rogers begged her heart to be irritated: "Hey, hello! I'm Rogers."

"Hello! Mr. Rogers! I am Li Ce of the Magic City New World Investment Company. I heard that your company currently holds 14% of Huangming Solar Energy's shares? I wonder if you are interested in selling it?"

Hearing the voices from the opposite side, Rogers quickly calmed down, and a trace of thought flashed in his deep eyes: "Mr. Li, the solar energy industry is not very prosperous now, are you sure you want to acquire it?"

“If the price is right, I can think about it.”

Rogers covered the microphone with one hand and asked Jiang Hua in a low voice: "What do you think?"

"Someone wants to eat Huangming Solar Energy and explore the price."

Rogers let go of the microphone: "Mr. Li, the price is 400 million yuan."

"Haha, then this share should be left in your company! Goodbye!"

"Mr. Li, don't worry, we can have a conversation slowly. Isn't it just like doing business?"

The opposite of the phone was silent for a moment: "I will also give you a price of 40 million yuan. If you refuse, then wait for Huangming Solar Energy to go bankrupt!"

Rogers was furious: "Mr. Li, do you know how much money did we spend on buying this 14% stake?"

"The iron ore was only a thousand yuan per ton back then. Should I sell you tens of millions of tons? Just pay a thousand yuan per ton?" Li Ce said sarcastically.

"Mr. Li, we each give in. How about 150 million?"

"30 million, don't hang up the phone."

"Fake Squid."

Rogers hung up the phone directly.

Jiang Hua, who was standing by, was not angry, but was thinking about the acquisition party's origin. Soon he had a clue: "Rogers, I think I know who is acquiring Huangming Solar Energy."

"who?"

Jiang Hua replied affirmatively: "Suiren."

"Suiren System?" Rogers's mind flashed through various thoughts and immediately understood the connection. Now that the old solar energy industry is declining, the only force that has the motivation and strength to acquire Huangming Solar Energy is left is the Suiren System: "It's really the only one."

Jiang Hua analyzed: "From the other party's attitude, they are determined to win. If we do not sell Huangming's shares, the possibility of Huangming going bankrupt is very high."

"Jiang, what are your suggestions?" Rogers had a headache.

"Sell it! Otherwise, you won't get a penny and you will have to pay 70 million."

Rogers was very depressed, but in the end he overcame his anger rationality. When doing venture capital, you must have the courage to face failure: "Jiang, you are fully responsible for this matter!"

"Let's report to the United States General Office first!" Jiang Hua did not agree casually. It's okay to be fully responsible for doing it. If you are fully responsible for such things, it's the end of a scapegoat.

"..." Rogers' expression remained unchanged: "Then report to the headquarters!"

“OK.”

Sometimes the battle between capital is like this. Goldman Sachs chose to stop the losses in time and sold 14% of Huangming Solar Energy shares to Magic City New World Company for 30 million yuan.

On the other side.

Huang Ming also personally reached an agreement with Yinghui Group to repurchase 14% of the shares held by Yinghui Group for 45 million.

When all share repurchases are completed.

Huangming Solar Energy and Long Totem Company quickly reached an agreement, investing 180 million yuan by Roxagra Ant Company to acquire 53% of the shares held by Huang Ming, and 14% acquired from Magic City New World Company, achieving an absolute holding of 67%.

Huang Ming's personal shares fell to 33%.

However, Robin Alkaloids did not take it for too long. On May 12, it reached an agreement with the social security fund to sell 33% of Huangming Solar's shares to the social security fund for 540 million yuan.

However, in the terms of cooperation between the two parties, Robinia ants still hold absolute controlling stake in Huangming Solar, and the social security fund only has dividends and financial supervision powers.

Regarding Huangming Solar Energy's management work, Roxa Ant Company adopted a supervision model, with the president and former chairman Huang Ming.

Huangming quickly took a stake in Texas' second largest solar energy company. Then, according to the strategy of Long Totem Company, Long Totem and Huangming are responsible for the upstream production of solar panels, namely the supply of raw panel materials.

Other downstream industries such as solar water heaters, solar street lights, and solar chargers are still divided by hundreds of companies.

On the other hand, Huangming received capital injection from the social security fund, and with the actual control of the Suiren Group, the local issue of property rights of the Sun Valley Industrial Park was immediately arranged to solve the problem of Huangming Company.

The initial integration of Texas's solar energy industry has also prevented the killing of domestic companies.

But there are only two companies, which is not enough.

The five major power generation groups are also divided into two groups, planning to invest in two solar panel manufacturers respectively, and then move to Texas, intending to form a solar energy industry cluster in China.

But the plan is still being prepared, and it probably will take some time.

Those downstream companies have not been affected much.

In addition, because companies such as Huangming have abandoned the low-end market and produced polycrystalline silicon and monocrystalline silicon solar panels, several relatively large-scale enterprises are gradually forming.

In fact, mid-to-high-end industrial layout is also conducive to entering the international market.

The five major power generation groups that plan to develop optoelectronics on a large scale need to ensure the safety and stability of the supply chain and avoid the emergence of monopoly giants.
Chapter completed!