Chapter 159 Three production bases, Huaxing decides!
Listening to the compliments from the people around him, Chen Yanshun did not feel too much inside.

These people may be very satisfied with the current situation, but as the person at the helm of BOE, they are not satisfied with the current situation.

“If we only look at the option of betting on MCTL, there really isn’t much of a problem.

But if we look at the problem from another angle, such as the level of investment and attention, I feel that our overall picture is still not enough.

Apart from anything else, our current production capacity is not even enough to connect to a third customer. As a leading company in the domestic screen industry, this is an humiliation.

So I decided to launch three more MCTL production bases, with an investment of around 10 billion for each base! “

Chen Yanshun was equivalent to throwing a grenade directly, and everyone in the conference room looked at him in disbelief.

There are three production bases, each with an investment of no less than 10 billion yuan, with a starting investment of 30 billion yuan.

“President, do you know the completion period of the new base?”

“Jingqing Group is so powerful, we naturally can’t fall behind. I hope to complete it all within the first quarter.”

Completed within one quarter, three months.

If it was OLED LCD screens, it would be impossible to complete even one production line, let alone three. But if it was MCTL, the efficiency of Jingqing Group could be taken into consideration.

There is really a slight possibility.

“Time is too tight. I don’t think we can even select a site for the production base. Even if Jingqing Group is faster, it will be useless!”

A middle-aged man at the manager level immediately stood up and spoke.

“Yes, it’s been difficult to get industrial land in recent years, unless we move into inland cities, but then we’ll face transportation and other problems.”

“Yes! One quarter is indeed too difficult. Give us at least two to three quarters, and by then the investment amount must be increased by at least 50%!”

After listening to his subordinates’ opinions, Chen Yanshun said confidently: “It can be completed in one quarter.

I decided to dismantle all the internal AMOLED production lines at the company’s three AMOLED production bases and replace them with MCTL production lines.

In this way, there is no need to find new industrial land for the factory, and previously skilled workers only need light training to become proficient in connecting to the MCTL production line.

So it seems that one quarter is more than enough time!”

quiet! ! !
After hearing Chen Yanshun’s decision, everyone in the conference room was unable to digest the news for a long time.

Everyone, including Chen Yanshun, understood very well what his decision meant.

In the past, BOE could be said to have been bold enough to increase the number of MCTL products, but now Chen Yanshun is preparing to dismantle several major AMOLED production bases and build MCTL screens instead.

That means BOE has decided to abandon its AMOLED production line, which previously cost more than 100 billion yuan to invest.

If MCTL fails to rise as expected, and AMOLED rises again and kills MCTL, BOE can just wait for death.

“I think… this is too radical. Mr. Chen, how about taking it slow?”

“Yes! Although it seems that OLED orders have dropped sharply for the time being, we still have many customers in other fields who have not cut OLED orders. Is this decision under serious consideration?”

The scene from the last meeting to discuss whether to pay shares to obtain MCTL authorization was repeated, with most people once again standing against Chen Yanshun and opposing his decision.

The result last time was that Tianma was the first to take the plunge, which directly allowed Tianma to take off. During this period, Tianma’s stock price has skyrocketed like a rocket.

Tianma, who was originally only his younger brother, is now about to catch up with him. Chen Yanshun is not going to drag his feet like last time.

“Peng!!”

After slamming the conference table hard, Chen Yansu stood up with a serious face and looked around the conference room.

Although he didn’t say anything, everyone he looked at shrank back for some reason.

“I remember you said the same thing when we discussed cooperation with Jing Qing last time.

What happened? Tianma got ahead of us, and now look at Tianma’s stock price, which is almost catching up with ours.

In the past, our country did not have a dominant position in OLED liquid crystal technology, so perhaps a little time will not have any impact.

But now MCTL Jingqing has the percentage decision-making power and technical leadership.

To put it bluntly, there is no obvious gap between us and Tianma or those small screen manufacturers. What we are competing for now is speed.

So this plan must be carried out, and at the fastest speed.

Next, I will convene a board meeting and contact Mr. Jingqing Chen to get their support.”

After this call, everyone in the meeting room knew that no matter what they said, they would not be able to make Chen Yanshun give up. They could only start thinking about how they and others could gain the greatest benefits from this great change.

……

Companies that have MCTL licenses, such as BOE and Tianma, have been in the spotlight recently.

Apart from anything else, under the stimulation of MCTL technology, the quiet A-share market became hot as if it had been injected with chicken blood.

The stock prices of these companies have skyrocketed and trading volumes are increasing almost every day.

When the prices rose by 30%, many people thought that the market had reached its peak. However, when these people who had escaped from their losses finally sold their shares happily, the stock prices of these companies continued to soar unexpectedly.

Fifty percent of the people climbed higher, thinking that it shouldn’t go up any more.

Especially during those two days there was a shock which scared away a group of people, but we did not expect that the market would continue to rise after a few days.

If shareholders of companies like BOE and Tianma are making a lot of money, then CSOT is in dire straits.

Fortunately, CSOT is not listed, otherwise the stock price would be very unfavorable to the insiders.

However, even if the company has not gone public, the situation cannot be reflected in the stock price. The company’s top management has not had an easy time during this period. Everyone among the middle and senior management knows that the AMOLED products, which they had previously invested heavily in, have recently encountered a large number of customers canceling their orders.

“I’ve said before, in this age where technology is everything, if we slow down a step, we’ll be doomed. Look, look, those old customers are canceling their orders even if they have to pay the penalty.

Do you still think that the price of 30% of the shares in exchange for MCTL authorization is too high? “

Li Dongsheng got angry at the directors representing TCL’s parent company and Pengcheng Urban Investment.

In the past, he was always thankful that Huaxing’s shares were concentrated, which made many things easier to handle, but during this period, he wished that Huaxing was a listed company.

He believed that issuing an additional 30% of shares to introduce MCTL authorization would not be more difficult than it is now.

Sitting in this position, he understood the thoughts of these shareholders, both large and small, very well. If he were to take out 30% of the shares now, their shareholdings would be diluted, which was almost equivalent to cutting their flesh. That was why they had been opposing it every time during this period.

After venting his dissatisfaction, seeing that no one in the room wanted to speak up, Li Dongsheng could only continue, “I know that everyone is afraid of having their shares diluted, but have you ever thought about it?

No matter how many shares you have, they have value. If Huaxing is eliminated in the display field, what is the use of holding 90% of the shares? It is still just a piece of waste paper.

But if we keep up, the future that awaits us will be a display giant like the Six Star Group or LG. By then, let alone a 30% dilution, even if the shares are reduced by 100 times, they will still be worth more than they are now.

Have you seen how much the share prices of BOE and Tianma have increased recently?
Of course, if you don’t have an IPO idea, I have nothing to say! ”

After saying these words in one breath, Li Dongsheng calmed down and looked at the group of people.

Maybe the recent situation of CSOT is really too bad, or the stock prices of BOE and Tianma are really too dazzling recently.

Finally someone spoke.

“At present, it seems that we are indeed too conservative. Jing Qing’s request for 30% of the shares does not seem to have any other ideas.

After all, up to now, Jing Qing has only sent a director to either Tianma or BOE, and has no intention of intervening in other matters.

I think we might as well agree to Jing Qing’s request and exchange shares for authorization.”

One person wavered and was given a way out, and the group finally chose to compromise.

“Alas, I’m old and can’t keep up with many things. Now it seems that the follow-up MCTL is indeed important. I agree!”

“agree!”

“agree!……”

Soon, all directors agreed with Li Dongsheng’s idea and agreed that Huaxing would exchange 30% of its shares for Jingqing MCTL display technology licensing.

call……

His plan was finally passed unanimously, and Li Dongsheng finally breathed a sigh of relief.

As soon as the board meeting ended, a senior management meeting of Huaxing was convened immediately.

Discussions on this matter began, and the biggest plan was how much money Huaxing would invest and how many production lines it would build after obtaining the authorization.

After the discussions were completed and people were asked to write a detailed plan, Li Dongsheng flew to another place to find Lu Hanwei who was in charge of building the production line.

It’s not that Li Dongsheng didn’t want to talk to Chen Jinghong directly, but when he made an appointment to discuss this issue, he was told that Lu Hanwei was responsible for this matter.

Lu Hanwei told his secretary that he would not return to Pengcheng for a while.

Lu Hanwei might not care about this matter, but it was a matter of life and death for Huaxing Optoelectronics and they could not wait. Li Dongsheng could only fly over with his secretary to meet Lu Hanwei.

“Mr. Li, I’m so sorry, the construction schedule here is too tight and I can only ask you to come here!”

In the temporary office, Lu Hanwei apologized to Li Dongsheng with a smile.

“Haha, everyone in the industry knows that Mr. Lu has been very busy lately. I feel honored that you can take the time to see me!”

Li Dongsheng laughed and immediately became polite.

The two of them quickly fell into a cheerful atmosphere. Since they were both in the industry, they naturally talked about industry topics, and they chatted for more than an hour.

If there hadn’t been some problems with the subordinates, who had found Lu Hanwei to prepare a report, the two of them would probably have chatted for a long time.

Looking at Lu Hanwei’s apologetic eyes, Li Dongsheng realized that he needed to get to the point.

“Boss Lu, actually, I’m here on behalf of Huaxing Group this time. As you know, Huaxing Group is one of the first-tier screen manufacturers in China. We have some internal responsibilities, so the process is indeed a bit slow!”

“I have never doubted the strength of Huaxing Group. I’m not afraid of you laughing at me. Last year, my dream was to work for Huaxing. Unfortunately, my ability is limited and my job change failed!” After hearing this, Lu Hanwei told a joke that was not really a joke.

Li Dongsheng naturally didn’t believe that Lu Hanwei wanted to switch to Huaxing last year.

However, his purpose this time had nothing to do with this, so he didn’t care too much about it.

“After some discussion, we at Huaxing have decided to introduce the MCTL track. This time I came here in the hope that Mr. Lu can give us a spot at Huaxing!”

As soon as these words were spoken, Lu Hanwei confirmed what he was thinking. When he heard that Li Dongsheng wanted to see him, he guessed that the other party came for the MCLT authorization. Now it seems to be true.

“This?” Lu Hanwei looked at Li Dongsheng with an unpleasant expression.

Seeing this expression, such an embarrassment, Li Dongsheng’s heart suddenly skipped a beat.

I suddenly had a bad feeling in my heart. Could it be that an accident was going to happen?

“Mr. Lu, what’s this? Don’t worry, we have already discussed it internally, and the 30% of CSOT shares that your company needs are also ready!” Li Dongsheng added quickly.

Originally, he had thought about negotiating the conditions a bit more to see if Jing Qing could get fewer shares, but now that an accident was about to happen, Li Dongsheng didn’t dare to pretend anymore.

Lu Hanwei quickly shook his head and said, “Boss Li is wrong. Thirty percent of the shares is indeed a hard requirement. I believe that Boss Li is ready to meet me.

But the problem is the number of authorized people!”

“Is there no vacancies?” Li Dongsheng asked quickly.

Li Dongsheng shook his head again and said, “That’s not the case, there are still one or two MCTL authorized quotas, but these are not full-size quotas.

Considering CSOT’s consideration, I believe Mr. Li’s goal is not to be as high as those second-tier manufacturers! ”

Li Dongsheng understood immediately after hearing it.

There is not just a slight difference between full-size and non-full-size places, the gap between the two sides is huge.

Li Dongsheng came here for the full size, of course. As for anything less than the full size, he would naturally not be satisfied.

After all, it was obvious at first glance that those were things that Jing Qing gave to the second- and third-tier manufacturers, mainly to prevent these companies from collapsing directly.

“Well, Mr. Lu, this should be something we can discuss!” Li Dongsheng said flatteringly.

Lu Hanwei said helplessly: “This is the rule set by Mr. Chen. If you want to get a quota, I think you can only find Mr. Chen and ask him to make an exception and add a full-size quota for Huaxing Optoelectronics!”

Li Dongsheng was speechless after hearing this. If he could change Chen Jinghong, he would not have been rejected when he made an appointment with him.

I can’t even meet them, and you want me to ask them to change their minds and give me an extra spot. What are you thinking?

Next, no matter how Li Dongsheng persuaded, he added some other conditions and also informed him of the scale of investment he was preparing for.

What he didn’t expect was that Lu Hanwei directly told him that BOE would add three more production bases in the future. He didn’t really care about the investment in CSOT.

The people Lu Hanwei talked about didn’t feel it, but Li Dongsheng heard that BOE was not satisfied with the status quo and was preparing to invest tens of billions to build three more production bases.

His whole body instantly felt cold, as if he had lost his soul. Even after returning to Pengcheng, he was unable to recover.

As long as you close your eyes and think about BOE’s investment while CSOT doesn’t even have authorization, you will feel that it has no future.

After returning to Pengcheng, I was not sure how to get the full-size authorization from MCTL. I made appointments with Chen Jinghong several times, but was rejected every time!

(End of this chapter)