Extraordinary Genius

Feng Yu nodded towards Cotsilai and Cotsilai said: “Langdu, we don't look at these documents, we already have the acquisition target, if you agree, let's talk about it. ”

Unfortunately, if you don't agree, you don't have to talk about it.

Langdu felt bored, but the situation was stronger than others, and he nodded silently: "Please say so. ”

“You have seven technology R&D centers around the world, of which we are all interested: the US, the UK, Huaxia, Germany, Spain and Singapore. ”

Langdu shakes his fists hard, and our seven technology R&D centers, apart from ours in France, want it all together!

Their consumer electronics companies, R&D centres, are extremely important, and R&D institutes invest more than fifteen percent of their total annual revenues, sometimes higher.

Only by staying technologically ahead of them can their position be maintained. Feng Yu and Cotsley are too harsh!

“And you have almost forty industrial parks around the world, of which we're not interested in the U.S., the U.K., or France, and we can talk about everything else. ”

The US, the UK and France are the worst losers in their Thomson Industrial Park. Neither Philips nor Taihua Holdings want to acquire their industrial parks with little or no loss, so what do we do with the parks that are left with these losses?

Langdu feels his anger is rising. Do these two really think that none of us Tom Sun wants it? We can't work with companies on the island side, but Siemens and Motorola are interested in us too!

“You have a lot of valuable brands, but we don't intend to acquire them. These are your Thomson's roots, and we keep them for you. ”

“The business of radio, film and television equipment is very relevant to Feng's industry, which he is very interested in. And your late movie and TV productions, CD-ROM productions, sales, etc., would be better if they could be sold together. ”

“Your patents on electronics, appliances, communications, networks, optics, intelligence, etc. are also good, and you will certainly not agree to sell them all to us, but you will be able to authorize some of them to us, right? ”

Since the breakdown of cooperation between the two parties, Thomson's patents have ceased to be licensed to Taihua Holdings and Philips Group, and, of course, Thomson has been denied patent rights to both companies.

“You have sales divisions in many countries and regions around the world, this time we will lose a little. North America will lose the most, Feng is interested to buy it. And you're losing a lot on the European side, aren't you? We at Philips are very interested in accepting some bad debts. ”

“By the way, your shares in Huaxia's joint venture would be better if they could be sold. Feng can introduce you to Huaxia's buyers so that you can get more money and save the company's dilemma. ”

“Well, that's all I can think of, Feng, do you have anything else to add?” Cocile asked lightly.

Feng Yu shook his head: “You said well, in terms of price, we'll talk later. ”

Langdu's teeth are almost shattered. In front of him, these two are splitting Tom Sun's assets without asking his opinion. How dare you!

“Von, Cotsley, I think you're mistaken. We are negotiating with a number of creditors to convert their debt to equity, which will offset nearly half of our debt. All we have to do is carry billions of euros in debt. Do you think these billions of euros will drag us down? ”

The eyes behind the Cordillera glasses flashed: “It is strange that the world's fourth largest consumer electronics manufacturer should apply for bankruptcy protection because of billions of euros in debt. ”

“I remember when your share price was higher than 100 euros, but now your share price is a little more than one euro, or it's stopped so you don't keep falling, or you'll definitely fall one euro, or you might be forced out. ”

“While not all of your assets are listed, it also proves how much investors don't like the Thomson Group. You said you had cash on your books and you could continue to operate, but you had to make a profit to continue to operate. All you had to do was lose more. Am I wrong? ”

“You were hit very hard in this economic crisis, and most consumer electronics manufacturers around the world experienced a severe decline in turnover in the second half of last year, and even lost a lot this year, but wind electronics and us, Philips, happen to be a few of them who can continue to grow in turnover and profits, and you happen to be the biggest losers. ”

“Think of all the other bankrupt businesses that didn't pay attention to billions of dollars or billions of euros, and then next quarter, the loss will be tens of billions, then doubled, and in less than a year, it will go dark. ”

“For example, the same car in the United States, once one of the top 500 in the world, is now planning to apply for bankruptcy protection. And Fut Motors, one of the three largest automotive groups in the US, has now passed the crisis by selling some of its business to Feng's Huaxia consortium, and is expected to make normal profits next year. ”

“Thomson is the most famous consumer electronics brand in France, seems to have a lot of state-owned shares, right? And you French state-owned assets, they don't seem to have the money to continue investing, and they think it's more important to invest in postal services, telecommunications, etc. Who can bring up this much cash from the other buyers you're looking for? They're going to be negotiating for a long time alone, and then they're going to do a detailed assessment, and by the time you do, I'm afraid it's the end of the year, when you're selling assets, are you going to be able to close the loopholes? Is that enough for you to turn around? ”

“We're different, and you know better, we can make concessions in some places, we can even carry some debts, and we can complete the acquisition of some of your assets as quickly as possible. If you approve a French political axe quickly, maybe you won't be able to use it for two months, you'll get a lot of money. ”

“Remember, you have breached your debt covenant, and this time you will not be able to issue shares normally, nor will anyone be willing to buy bonds. And the conditions we can give, none of the other companies can give. How about you think about it, when do we talk about the price? ”

Cocile Ray's tongue-in-cheek revealed everything Tomson Group was desperately trying to cover up and put things directly on the table to talk about.

The pros and cons have been made clear that the Thomson Group has no choice at this time.

It was this time that the former Tom Sun Group was dismayed and could no longer regain its glory. Now, Feng Yu, they gave Tom Sun another option to see if they would accept it.

……