After many discussions, the municipal government decided to follow the example of Shenzhen Water Group and advocated introducing major shareholders (as well as top 500 foreign-funded enterprises) to Gree Electric! Because, just two years ago, Shenzhen sold its 45% stake in Shenzhen Water Group to French giant Veolia Water for $400 million, and this restructuring plan has been very effective and successful.
They think it is no problem to introduce foreign-funded enterprises, as long as Gree Electric is still in Zhuhai, because China was dreaming of having a Fortune 500 enterprise at that time. If a city can introduce a Fortune 500 company, it is a very proud thing, and more importantly, it is also a very glorious achievement.
Second, if Dong Mingzhu hadn't refused an annual salary of 80 million yuan and didn't report the situation to his superiors, maybe Gree Electric would have sold it to Americans. Before long, the news of Gree Electric's equity transfer spread like wildfire, and many foreign companies immediately swarmed in. They are interested in buying Gree Electric. These companies include Carrier in the United States and Daikin in Japan, as well as many internationally renowned Fortune 500 companies.
After some screening, the Zhuhai Municipal Government expressed strong interest in the American Carrier Group, and the two sides hit it off. Carrier plans to buy Gree Electric for $900 million, and promises to pay Dong Mingzhu, the core figure of Gree Electric, an annual salary of 80 million. However, it was not until American Carrier began to investigate and prepare to buy Gree Electric that Zhu Jianghong, then the chairman, and Dong Mingzhu, the general manager, knew the news, and both of them strongly opposed it.
Dong Mingzhu, in particular, boasted at the board meeting that year: "The annual salary offered by Carrier is too attractive, but I can't accept it. Because the acquisition means the failure of Gree, Carrier is the top 500 in the world today, and Gree will be the top 500 tomorrow. Give me 20 years. Isn't it better to build your own top 500? "
In the leadership office, Dong Mingzhu said rudely to those who wanted to convince him: "Don't say 80 million, even if it is 800 million, I won't agree.
So, on the one hand, she directed employees to prevent Carrier's investigators from entering Gree's gate; On the other hand, she immediately went to Guangzhou to find the then provincial party secretary. In the office of the secretary of the provincial party committee, Dong Mingzhu said tearfully, "If Gree is successfully acquired, our domestic products will be gone, and our national brand will be owned by others. China toothpaste is the most typical example. "
In this way, in order to save Gree Electric, Dong Mingzhu made a final effort, sincerely, open the door with one stone! Dong Mingzhu's words still touched the superior leaders, and finally the American Carrier Group's acquisition of Gree Electric ended in failure.
I have to admire Dong Mingzhu. After the acquisition failed, just ten years later, Gree Electric's market value reached 370 billion, making it one of the top 500 enterprises in the world! Now, the Gree Electric built by Dong Mingzhu is the pride of our national industry. Miss Dong succeeded in making the world fall in love with China.
Let's talk about Huawei. Why did you almost sell it to America first? Huawei needs strategic partners to take the internationalization route in 20001year. At that time, Huawei was far from its current scale and popularity. However, at that time, in order to take the international route and turn Huawei into a world-class enterprise as soon as possible, Huawei urgently needed some large international companies to become its strategic partners and planned to sell 25%-30% of its shares.
At that time, they had contacted international companies in Europe, America and Japan, such as IBM, Motorola, Intel, Marconi and NEC. At that time, Huawei wanted to absorb 5-6 large international companies at the same time, and let them invest in shares and become Huawei's strategic partners. In addition, Huawei's idea is that the shareholding ratio of each strategic investor should not exceed 5%.
However, this idea has not been realized. When talking about cooperation with these big companies, there have always been differences in investment methods and methods. At that time, Ren could not realize the idea of "selling himself".
Second, Huawei urgently needs to wear a cowboy hat to avoid unnecessary conflicts with the United States. In June 2003, Cisco, an American network equipment giant, sued Huawei for infringing its intellectual property rights in the United States. The indictment involves 2 1 charges such as patent, copyright, unfair competition and trade secrets! It is because of this lawsuit that Ren realized the reality. With the continuous expansion of the company's business, conflicts with the United States are inevitable. In order to avoid this conflict, Huawei needs to wear a cowboy hat. And this cowboy hat is an American company willing to cooperate with itself.
7.5 billion dollars was sold to Motorola, and the contract was signed, which was finally rejected by the new chairman. During 2000-2003, Huawei not only needed a cowboy hat, but also missed the opportunity of CDMA, PHS and mobile terminal business market because of previous strategic misjudgment. They have invested a lot of money in GSM/WCDMA services, but they have gained any advantages.
In 200 1 year, in order to alleviate the company crisis, they also sold Huawei's power supply department (AXA Electric) to Emerson of the United States for 750 million dollars. During this period, they suffered the IT bubble burst, Li Yinan was sentenced and Cisco sued them in the United States. At that time, Huawei was mired in a quagmire and was in danger.
Finally, in February 2003, Motorola appeared with a $7.5 billion acquisition contract. Ren seemed to see the savior. At that time, Ren Zheng Fei and Motorola Chief Operating Officer Zafirovski met in Hainan and finalized the deal. The two sides signed the contract and all the procedures have been completed, just waiting for the approval of Motorola's board of directors.
As Ren said, "All the negotiators bought fancy clothes at the hotel and took part in running and table tennis competitions on the beach, waiting for approval. In this process, the board of directors of American companies changed. The new chairman was short-sighted and not optimistic about Huawei, and finally canceled the acquisition. "
In fact, Motorola's decision was normal when the global high-tech bubble burst. Edward Zander, the new CEO, is the managing director of Silver Lake Capital. He doesn't know Huawei, and he doesn't care about China. He felt that Huawei was not well-known at that time, and it was not worthwhile to spend so much money, and it needed to be paid in cash! Therefore, he refused the acquisition without hesitation.
Because, after the news of the cancellation of the acquisition came, both Huawei and Ren seemed to have poured a pot of cold water on their heads. Since then, Huawei has never had the idea of being acquired! An old frontiersman loses his horse—a blessing in disguise. Seeing today's powerful Huawei, we are glad that the acquisition has been cancelled. If Huawei is really sold to Motorola, then our country will lose a great high-tech company.
Look at Huawei now, it has become the biggest technology winner in the 5G era and the best high-tech company in China! Giving Huawei a thumb and a compliment is enough for the world.