Chapter 74 – Let them call us daddy later

After listening to the engineer Boris's explanation, Xu Fei understood.

In the North American broadcasting industry, there are ten giants.

One of them is called CNN, which seems to have the support of the North American military. It often reports firsthand information about wars and regional conflicts.

CNN has a subsidiary called North American Iron Tower, which is mainly responsible for broadcasting stations, microwave stations, television towers, cable installations, and leasing of towers.

In 1995, in order to make big money, CNN reluctantly split all its iron towers and packaged them to North American Iron Tower Company, making it independent and preparing for listing.

In 1996, North American Iron Tower Company successfully went public. With no significant debt and a large number of assets, it instantly attracted numerous speculators.

Support us at pawrea𝑑.com .

Seeing the plan succeed, CNN immediately entrusted a group of scattered small financial institutions to short and long the stock. With its own advantage in broadcasting and occasional smoke screens, CNN made both sides take turns harvesting in the stock market, occasionally adding leverage, and almost making a profit every year.

For three or four years, there were no accidents, and both sides played more and more boldly and carelessly.

Until one day at the end of 1999, CNN made a mistake in its operation and failed to hedge against the long financial institutions, causing the stock to plummet...

Coincidentally, Bain Company encountered a major client who wanted to acquire a larger shell company.

Bain, a capital company specializing in investment, consulting, operations, and mergers, had a position in the stock market like the Black Society. With money in hand, they would definitely get things done. Seeing the stock of the iron tower plummet, they first bought it all, and then used means to take over the shares of the major shareholders in the name of "merger". They triggered the stock market's "forced suspension mechanism". In just a few days, they took control of North American Iron Tower Company.

With dazzling and smooth operations, not only did they confuse CNN, but they also scared many small financial institutions.

The current situation is this.

CNN realized that they had lost their treasure that they had raised for three or four years and became furious.

"What does Bain say?"

"They said the commission has been completed. Besides providing lifetime confidentiality and a one-year operation plan for free, they will no longer interfere in the affairs of the Iron Tower Company."

"Operation plan? Didn't they say they would help arrange a CEO?"

"They said they can't spare manpower now. In order to compensate TEP, they have customized a corporate strategic plan worth 100,000 dollars for the Iron Tower Company."

"I think they are scared."

Xu Fei didn't understand the "Bain Company".

But when he registered an offshore company and looked for a commissioning agency, he didn't randomly choose one from the internet.

Instead, he searched on Suhu for the "world's largest".

At that time, three company names popped up: Bain, McKinsey, and Boston International.

According to his thinking, since they were big companies, they must have a certain reputation.

It turned out that he didn't choose wrong. At least they didn't deceive him during the cooperation.

The problem now is that he has left a mess behind...

He must arrange a reliable spy for Bain.

"Factory Director, there are many CNN reporters waiting outside the Iron Tower Company."

"Didn't Bain say they would provide confidentiality in both politics and business? And they even fabricated a story about the nephew of a major shareholder saving the Iron Tower. What is there to worry about?"

"Bain reminded us that they are not afraid of CNN finding evidence, but they are afraid of them reporting randomly and fabricating sensational news, causing social repercussions. After all, protests can happen here. If it attracts attention from the North American high-level, even if Bain wants to hide it, they won't be able to."

"That makes sense..."

After pondering for a moment, Xu Fei's eyes lit up when he saw the antenna on the office's large TV.

"Currently, how much of TEP's shares does North American Iron Tower control?"

"After North American Iron Tower went public, the public shares accounted for 32%, and the shareholders held 68% of the shares. The public shares were bought by Bain and are currently suspended from trading. Bain killed the major shareholder and helped TEP obtain 25% of the shares. Then, Bain sat down with the second, third, and fourth largest shareholders and increased their shareholding to 35%. In addition, they replaced two small shareholders with their own spies and obtained 1% and 1.5% of the shares, respectively."

"In other words, both nominally and practically, the Iron Tower is completely controlled by TEP."

"Yes."

"There are ten giants in the North American broadcasting industry?"

"Yes, they are ABC, BBC, NBC, FOX..."

"What about other broadcasters?"

"They have almost no influence."

"That's good. You commissioned Bain to ask them for help. Tell them that in the next two years, our company's iron towers will be spread all over North America, at least increasing to ten thousand. If the broadcasting companies use them, they will be rent-free for two years. But there is a requirement: the Iron Tower Company must fully support us in the fight against CNN."

"They will definitely agree. After all, CNN is a competitor to them. Now they can suppress their competitor and get two years of rent-free usage. No one will refuse."

"As long as the other broadcasting companies support us and don't broadcast the reports provided by CNN, no one will know about the acquisition."

"Factory Director, CNN will report it."

"Are you stupid? We have control over CNN's broadcasting stations, microwave stations, television towers, cable installations, and so on. We can specifically shut them down. No, let's say they have malfunctions, were struck by lightning, or damaged by strong winds... CNN will become mute."

"..."

"When working overseas, we have to be cunning. Normally, learn from Bain and make my life easier."

"..."

"The only uncertainty is whether the other broadcasting companies will support us in the fight against CNN. After all, they also have signal towers. So, Bain must arrange for someone to talk to them one by one."

After Xu Fei finished speaking, he gritted his teeth and said, "Tell Bain that for each successful negotiation, we will provide a service fee of 100,000 dollars. If they can't handle it, we will proactively expose the acquisition. We will all go down together."

"Understood, Factory Director."

"After dealing with these matters, CNN will call North American Iron Tower 'Daddy'. If they are unhappy one day, we can just shut them up."

"..."

"By the way, now that the acquisition is complete, unless it is absolutely necessary, don't call me. According to the spy's suggestion, making too many domestic and international calls will easily attract surveillance."

"Understood."

Xu Fei put down his phone and let out a long sigh of relief.After acquiring the North American Tower Company, the rest was straightforward.

Engineers and military dogs were arranged in batches, under the name of TEP, the major shareholder, to continuously build 'towers' for the North American Tower Company, achieving the capital increase plan and reducing the shareholding ratio of other shareholders.

When the stock market recovered, they would pay 'Bain' 150 million dollars to repurchase the 32% public shares temporarily controlled by the other party. Whether to privatize and delist or sell to the public, TEP could decide.

In general, through a series of operations, they spent 250 million dollars and numerous towers to buy a North American company with assets of 800 million dollars and liabilities of 900 million dollars.

Since the 'tower' was a long-term income project, it was currently unclear whether they had made a loss or a profit.

Xu Fei sat in front of the computer, pondering for a long time, and opened the email sent by James (the spy), who was the major shareholder and chairman of TEP and the Tower Company.

Although TEP was still an offshore company, Bain had injected 1 billion dollars during its acquisition of the North American Tower Company, with a registered capital of up to 1.15 billion. Plus, the controlling assets of the North American Tower Company worth 800 million dollars, it had met the conditions for investing in China's industry and had also submitted a foreign capital application.

"This absurd foreign enterprise has finally settled down."

"And TEP is controlling, not merging. Even if the Tower Company has a problem, TEP can just withdraw its shares, which will not affect the domestic tin toy factory."

Xu Fei pulled out the financial spreadsheet made by the Malaysian team, planning to purchase metal crazily to prepare for the construction of the tower.

The available funds of the toy factory were:

Three batches of goods, each batch of 500,000 sets, with a total payment of 12.6 million.

20 million loan transferred, paid to the tractor manufacturing factory in the form of land lease, which was used to purchase building materials.

The payment of 30 million from the military factory Jiang Tao, and the land worth 20 million.

Total: 32.78 million.

The available funds of the tractor manufacturing factory were:

The 20 million land lease fee from the toy factory, all used to buy building materials.

The 10 million deposit for the tracks and chassis brought back by Old Xu, lent to the construction company.

Currently only 250,000 left.

TEP offshore company:

150 million dollars, of which 100 million was used to acquire the North American Tower, the latter's financial statement was not out yet.

The remaining 50 million dollars, of which 12 million was exchanged into RMB, given to Director Shang to register Large Swamps Power.

Currently remaining: 38 million dollars.

Xu Fei did some calculations with pen and paper, edited a document, attached TEP's signature at the bottom, and sent it to the secretary.

"Contact the steel mills in the north, our company has decided to purchase steel worth 100 million RMB, divided into 10 orders, to be delivered within a month. Whoever wants it, or wants all of it, can start bidding after midnight tonight, for two days. If the bid is higher than the last one, they will automatically lose the bidding qualification. If the price is raised collectively, this order will be cancelled."

"Okay, Factory Director." The secretary replied via OICQ, and then sent a document via email, "Factory Director, there is a notice from the higher department that needs your personal review."

"Oh?" Xu Fei casually opened the email, "Several Opinions and Decisions on Preventing the Loss of Resources in Secondary Vocational Education during the Adjustment of the Management System of Secondary Professional Schools."

"Factory Director, this is from the East Mountain Education Department, sent to our company's email this morning."

"Did they send it to the wrong place? We are a factory, not a secondary vocational school."

"I asked, they said, it's definitely for us."

"What do they mean? Zeng Dahai's father-in-law, just got promoted, and can't wait to cross the line and mess with me?"

Xu Fei sneered and casually deleted the file.

'In the past, when you were in quarantine and inspection, I might have been a little worried. Now, even though you have been promoted, you have gone to education. Are you going to force me to recite classical Chinese?'

Before the thought fell, the phone rang.

It was the private number of the leader of East Mountain Development and Reform.

"Hey, Uncle Liang?"

"I ask you, where did the teachers and principals of Gucheng County Secondary Vocational School go?!"

"I don't know, what happened?"

"What happened? They've been out of class for two weeks!"

"Is it that serious?"

"Don't play dumb with me, I have the contact information of the principal of the secondary vocational school."

"..."

"Some newly promoted education leader is making a big deal out of this and sent it to Capital City. Fortunately, I found out in advance and worked it out..."

"What did you say? I didn't hear clearly?"

"..."

"Anyway, the decision has been changed above, and there will be no punishment for your company. Instead, they encourage and support social groups, enterprises, and industry organizations to jointly run schools, contract schools, jointly establish schools, etc., to run or manage secondary professional schools."

"Oh, I see."

"Don't you have any ideas?"

"What ideas can I have?"

"Contract Gucheng Secondary Vocational School."

"Am I crazy? If it's a secondary vocational school, I might be interested in both teachers and students. Now it's a secondary vocational school, and there are no teachers. What do I want it for, to arrange students in the toy factory to learn to fold boxes collectively?"

"With your company's salary and treatment, it's not impossible."

"Don't joke with me."

"I'm serious."

"..."

"Little Xu, Gucheng Secondary Vocational School has changed to a secondary vocational school, and the loss of teachers is serious. Regardless of reputation or strength, it has dropped several levels, which is a big loss for Gucheng. But if your TEP contracts it and changes it to a joint venture, the level will immediately skyrocket. Not to mention Swamp City, it's the first in the whole East Mountain!"

"After graduation, when others ask what they learned, they collectively answer: folding boxes?"

"..."

Get the PawRead app for ad-free reading

Comments0

Maximum number of guest chapters reached

Hello, Dear Reader.

We hope you are enjoying your reading experience in PawRead!

Anonymous users can read up to 10 chapters.

After that number, PawRead continues to be free for everyone, but we require readers to register an account.

To continue reading your favourite web novels, please create a free account, or log in if you already have one.

Sign Up LOGIN
Loading...