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Chapter 715: Chapter 618 Photovoltaic Industry (Seeking Subscriptions!)_1
Ge Feng was full of passion as he talked on stage.
Tang Qing and the others listened with relish.
It all started at a banquet.
From the person in charge of equipment dispatch between the United States and Iraq, Ge Feng learned that the owner of a company that dealt with old and broken equipment was interested in selling the company due to unsuccessful investments.
Normally, the sale of a company is a personal affair.
However, this isn’t any ordinary industry, it’s the military equipment service industry. If you want to sell a company, you have to apply to the U.S. dispatch office, go through a series of investigations, before you have the clearance to sell.
The question of whether the person taking over has the right qualifications also comes into play.
If after purchasing, various restrictions cause you to lose your qualifications, things can get interesting. So, an adequately profitable company like this can’t be taken over without some background.
Just for the sake of fairness, the single deal to dispose of these equipments was divided into consideration for three companies.
Therefore, major consortiums, large companies, and tycoons didn’t see the benefits from this as worthwhile. They could earn more from speculating in the stock market, and for them, these crumbs of a deal were beneath their attention.
The ones who were interested were the ’local tyrants with some background.’
Upon learning this news,
Ge Feng became interested, because his background was such that he could safely renew the contract without any legal and behind-the-scenes troubles. Just as expected, that’s what he did.
He first contacted the owner of the company and expressed his intention to buy the firm.
When heard, the party agreed immediately. Their ability to land this contract showed they had some connections. The two made the move together and swiftly executed the deal.
The previous owner made nearly seven million U.S. dollars from the company annually, and given that the contract had two years left, he sold it for nine million U.S. dollars. Whether Ge Feng could secure a renewed contract was his problem now.
Although the business didn’t make a lot, profits are profits no matter how small, which was Ge’s thinking. Plus, wasn’t it fun?
However, something that neither the previous owner nor Ge Feng had anticipated happened.
The war in Iraq had been going on for nearly three years, and while a lot of equipment wasn’t broken, it was definitely overused. The guerrilla warfare constantly playing out in Iraq resulted in high damage rates to a lot of equipment. This was generally equipment that could be quickly repaired. What couldn’t be repaired quickly would be handed over to their company.
And yet,
as the fight continued,
it entered into a state of intense activity.
It didn’t seem like it from the outside, but the economic data said otherwise. The profit velocity of American military industrial groups had fallen sharply. Seeing this, they knew they couldn’t let it slide.
They’d made a fortune three years ago, and three years later, they were unimpressed by the money made from equipment maintenance.
So, what to do?
Of course, they coaxed the U.S. government into buying new equipment.
More advanced tanks, more advanced planes, more advanced weapons, all under the guise of reducing the casualty rate of U.S. troops. The entire argument was presented as concern for people’s safety. With the operation of the entire American military industrial group,
it naturally was created.
An upgrade of equipment was gradually started.
This is when Ge Feng’s fortunes arrived. Although he only took over a part of the non-attack vehicle equipments that didn’t include ammunition, and only got a small slice of the ’old item handling’ cake, it was much more than the initial acquisition cost of the company.
Then things naturally proceeded.
GeFeng took this opportunity to purchase a large number of parts, fixed them onsite, painted them, and packaged them straight for private arms dealers, who distributed them to those in need.
You could only say Ge Feng’s luck was just too good.
But it’s expected to only last one year. This time, with the re-fitting done, America has already spent a lot of money and it’ll be several years before the military industrial groups can operate something like this. They’re also aware they can’t do it too frequently.
After hearing this story,
Tang Qing couldn’t help but shake his head and laugh softly. This was a true big ’player.’ Someone who loved music and art suddenly going into the military equipment business, that crossover was quite something.
"...Hehe, are you envious of my luck?" Finally, Ge Feng leaned back his head in satisfaction.
"Wow, wow, wow..."
Knowing that this guy likes to show off, there was a round of applause from below, with friendly smiles appearing.
This was an applause for having such a ’lovable’ person in life. That’s just the way Ge Feng was. He was very interested in making money, but not so much in repeatedly making money in the same way.
To put it plainly,
he liked making ’new’ money, venturing into new sectors.
If not for that, he wouldn’t have ventured into the military service industry, and wouldn’t have more than thirty companies under his flag.
"Ahem, all right, I’m done sharing my experience. Let’s move on to the next item. I’m preparing to sell off one of my photovoltaic companies under my name for 120 million U.S. dollars, 100% of the stocks.
I was going to take it public before, but I found a new project, so I don’t want to play with this company anymore. If anyone’s interested, you can contact me, this company has a full network of research and development, design, production, and sales. Specific data, anyone interested can ask me." Ge Feng simply introduced.
In the Chinese circle, in order to take care of their own people, such business sales would usually start from within the circle.
If there are no suitable prices or suitable takers, it will be made public.
Other than starting a new venture, Ge Feng wants to sell this company because he doesn’t think it’s making much money. The future of this industry is vast, but there are also many people eyeing it.
The scale of Ge Feng’s business is too large, and he gradually loses interest in this low-revenue company. Plus, his family needs to borrow funds for another project, so he thinks about selling this company to raise money.
The staff was immediately discouraged when they heard about the price.
Ge Feng’s family is ranked among the Chinese families in the United States, which is why they’re so rich. As the fourth true-blood son, he owns many assets, but most of the rest are worse off and can’t afford this amount of money at all.
Even those who have money would not rashly venture into this industry.
But Tang Qing became interested.
Photovoltaic Industry.
It could also be called the solar energy industry, defined as the emerging potential industry, the future mainstream, because solar energy is almost inexhaustible, but its development takes time, not just technology, but also policy support.
Because solar energy is merely a supplementary emergency measure, the future belongs to nuclear and atomic energy. It is a clear fact that everyone knows, so it is impossible to do everything to support photovoltaics.
However, this does not mean photovoltaics has no future.
In a phase of time, the photovoltaic industry has a bright prospect, especially home use and emergency energy solution, the market potential is huge. Once the cost problem is solved, everything won’t be a problem. n𝚘vp𝚞𝚋.com
"Why won’t I save some money if my electricity cost is cheaper than the market price?"
Therefore, while nuclear power is the mainstream of the future, a huge piece of cake, who says that breadcrumbs added together must be smaller than the cake? Technology mainstream and market mainstream are two different things.
The technology mainstream has decided that atomic energy is the future.
And the market mainstream determines the size of breadcrumbs. What Tang Qing really values is this market and these tiny breadcrumbs, which is a much more profitable business than winning huge subsidies from various countries.
Just that it’s difficult for others to make a profit.
But Tang Qing changed, he has absolute confidence in those scientists in terms of cost reduction and scientific research.
Tang Qing could choose two different ways to venture into the photovoltaic industry.
First, to acquire a ready-made company and strive to enhance its technology to dominate the market.
Secondly, to set up a company, build own research institute, or adopt commissioned R&D, step by step to gradually establish.
If it weren’t for Ge Feng,
Tang Qing would certainly opt for the latter because it had a lower cost. He didn’t need to spend much money, and he hadn’t even thought of venturing personally into the photovoltaic industry, but instead let the fighters do it.
But after seeing Ge Feng and hearing the detailed investigation report of Ge Feng’s family in his ear,
Tang Qing thought the former was not bad, either.
It saves a lot of his time, allows him to make friends with Ge Feng, which is in his favor when his industries reach America in the future.
Moreover, this company is a U.S. local company, which is beneficial for the expansion of early-stage operations. Everything is ready-made. Once the technology is revamped, it can generate a huge cash flow.
Ge Feng had already stepped down from the stage.
Tang Qing got up after patting Lin Jiaxue’s hand indicating her to stay seated.
Puzzled by Tang Qing blocking his path, Ge Feng who was half a head taller than him paused. Xuanji laughed and said, "Little Tang, how are you finding the atmosphere of this gathering?"
"It’s quite pleasant. I don’t like the madness of Western gatherings. I heard you’re selling a company, can I see the detailed information?" Tang Qing actually knows this company and even knows more about it than Ge Feng, the owner. However, he cannot show it.
You won’t buy it without even looking at it.
That would be too strange in front of such a high-level business deal.
Upon hearing this,
Ge Feng was puzzled. This thing is worth hundreds of millions of dollars, Tang Qing probably wanted to see out of curiosity. He said with a nod, "No problem." He turned around and took a file, almost a centimeter thick, out of a cabinet in the living room.
"This is the detailed information of the company. Have a look first, and I’ll go greet my friends." Ge Feng handed it over.
"Ok."
Tang Qing took the file back to his seat.
He began to pretend to browse through it.
I must say, there is too much nonsense in this kind of report, clearly done by a professional company.
Market analysis, company status, numerous charts and data that make your head spin, trying to tell you how profitable this acquisition is through prediction curves. However, Tang Qing does not care, as long as the evaluation result of the command room shows that the price is not a problem, it does not matter what the report says.
Others saw Tang Qing take the material and thought he was just looking. As a young man under twenty years old, even they who have been financial literates from an early age, would not be allowed by their families to interfere with such a big deal.
Not even advisory rights.
Only the Chai Ren couple had no doubts about Tang Qing’s strength.
This is a deeply hidden tycoon.
And there is another more hidden tycoon within his family – Tang Kai. A company worth over a hundred million dollars is nothing. Even if Tang Qing brings out this money alone, they won’t find it strange.
