Tao Liangchen

Chapter 231 Father, Add Oil!

(Checking the information took too much time, I didn't have time to modify it, please help me see if there are any typos)

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Learning that his father didn't plan to buy into the fund, and that the company's money was being used elsewhere,

Su Yehao was speechless.

Living in Hong Kong recently, running around with nothing to do, he hadn't communicated much with his old man at home. Su Yehao hadn't heard anything about Sihai International making a big move.

At this moment, he felt slightly nervous.

Su Yehao hurriedly reminded him, "Don't forget that developing the cultural tourism city requires a lot of funds. Which company are you planning to acquire?"

"Commercial secret. I'm afraid your mouth isn't reliable. There should be news in a while. Busy, hanging up!" Old Man Su hung up the phone without saying anything else.

Hearing the beeping sound coming from the phone, Su Yehao was silent for a long time.

He sighed deeply, knowing it was still difficult to completely trust his old man at home, so he turned around and called Master Jiang.

Master Jiang wasn't as tight-lipped. After asking, he learned that his father had been staying in Fochuan a few days ago, and had also taken out a loan of one billion Hong Kong dollars using the Sihai International Building in Central. He was currently in talks with a certain appliance company about financing.

Su Yehao thought for a moment, only knowing that two tile factories were in Fochuan.

Recalling the mainland appliance companies... he was suddenly stunned, and hurriedly asked Master Jiang to help find out if that company was called Meidi Appliances.

Master Jiang's mind was mainly focused on the jointly established tourism company. He was so busy negotiating cooperation with mainland travel agencies all day long that he had no energy to interfere with Sihai International's business.

It was quite tragic to say the least.

It wasn't until he left Sihai International that Master Jiang realized that the company still ran the same without him, and it was the same whether he went or not.

Because he knew that Master Jiang was starting a business with Su Yehao, Old Man Su didn't bother Master Jiang anymore. He handed over the work to others. After all, it was a group with an estimated value of billions of Hong Kong dollars, so how could it lack talent.

After Su Yehao asked Master Jiang, he learned that the appliance manufacturer targeted by his father was the famous Meidi of later generations. The amount of financing being negotiated was as high as two billion Hong Kong dollars, and there was already some progress.

Hearing about this unexpectedly, Su Yehao didn't know whether to laugh or cry.

It could be considered a lucky strike. His old man had found gold in the sand. Although he didn't remember the future market value of this company, since it was one of the largest appliance manufacturers in the country, it meant that its value would definitely not be low.

Leaving aside how much he would earn, the possibility of losing money was not high, which was enough to make Su Yehao feel relieved.

After talking with Master Jiang, he immediately contacted his assistant, Zhuang Wei, and asked her to collect information on Meidi Appliances.

More than an hour later, the initial feedback was that the company went public in 1993. Last year's turnover increased by as much as 30%, while this year it was expected to decline by more than 10%. The stock price had fallen from a high of more than sixteen dollars in May this year to just over nine dollars now.

Su Yehao didn't know why his father had targeted this company, nor did he know how the two sides had connected.

He only knew that once stocks were issued through financing, it would likely stabilize Meidi Appliances' decline, at least preventing it from falling too sharply, and if the financing was as high as two billion Hong Kong dollars, there was hope to stand out in the domestic appliance field.

He was excited for a while.

But when he bought detailed information from the consulting company, Su Yehao was dumbfounded.

Geli Appliances had a market value of more than forty billion, while Meidi Appliances only had a total market value of a mere twelve billion or so, which was obviously inconsistent.

In addition, Meidi Appliances had a parent company, Meidi Group. Meidi Appliances did not include small appliance business, but included compressor and motor businesses.

This confused Su Yehao, and he didn't know which part would be valuable in the future.

Parent companies and subsidiaries were inevitably a bit different.

Anxious, Su Yehao contacted his father again. As soon as the other party answered, he asked, "These two billion, are you planning to invest in the parent company, or just finance the listed appliance company?"

Old Man Su was busy, and was at Meidi headquarters for inspection.

Hearing his son ask about this, Old Man Su laughed, "Your nose is quite sensitive. How long has it been and you've already gotten to my people? You asked Master Jiang for help, right?"

Even if it was insignificant, Su Yehao didn't betray Master Jiang. Skipping over this question, he asked again, "Investing in the home appliance business is fine, but what's the use of just compressors and motors? Anyway, I agree with you investing in the parent company, just forget about the subsidiary."

"Isn't that nonsense? The one I'm investing in is the parent company. How much is the listed part worth?"

Old Man Su's voice continued to come through the phone:

"Real estate and appliance matching, I'm quite optimistic about this market. There are so many people in the mainland, they can live in old houses, but they definitely need to buy new home appliances. I think now is a good time to bottom out. Others took the initiative to find me to ask for funds, otherwise they would have been acquired by others. We hit it off immediately, and the negotiation is stuck on the shareholding ratio. I want 45%, but they are only willing to give 40%."

"If it's the entire group, a 40% stake is already very good, but the more the better, Old Man, keep it up! Just don't let the talks break down."

"Okay, busy, go busy with your own business..."

As soon as he finished speaking, Old Man Su hung up the phone again.

Putting down his phone, Su Yehao felt relaxed. He had already invested in a cultural tourism city, and if he took out another two billion Hong Kong dollars to finance Meidi Group, he wouldn't have to worry about Sihai International having problems. Even if he wanted to invest, he couldn't take out the money.

In the short term, investing in Meidi was definitely not as good as investing in NASDAQ-listed internet companies, but in the long term, the returns should also be quite amazing, provided that the company continues to grow and develop like it did in its previous life.

Recalling the details of the conversation.

Judging from the meaning, this time it was Meidi who took the initiative to come to his door, and there was also the possibility of being acquired by other companies.

Su Yehao knew nothing about these old calendars. He only knew that the mainland's appliance market had great potential and was definitely a good business, equivalent to pie in the sky.

Although it was just the family business, a Su could not be written with two strokes, and a family would not speak two different languages.

Quite excited, Su Yehao once again had the idea of going to Fochuan to join in the fun.

But whether to go or not didn't seem to have any impact. Since the old fox, his father, had already talked to Meidi Group about the issue of shareholding ratio and planned to take out as much as two billion, it showed that he truly had high hopes for the company's development potential.

Like the building materials field, home appliances belong to the peripheral industries of real estate.

Real estate can promote people's demand for the appliance industry, but the reverse is not obvious. Most people who buy houses want to replace them with new appliances, while people who want to replace appliances rarely consider taking the opportunity to change houses.

Since Old Man Su was optimistic about the mainland's real estate market and had his eye on the appliance industry, it was obviously a matter of course.

A mature father doesn't need his son to pull him along all the way. Faced with unexpected joy, Su Yehao had some feelings of "hoping his father would become a dragon."

Sorting out his mood, he went home to find the little girl.

Seeing his father's business growing bigger and bigger, Su Yehao also had a surge of ambition.

It was intermittent again.

When he arrived at the apartment, he unexpectedly found that only Nangong Tian was at home. Jiang Yu was still in school and would not be back for a while.

He immediately returned to the room and drew the curtains first.

The little girl who was watching TV understood and walked happily towards the bedroom, pretending to say, "I hate you, in broad daylight..."