Chapter 145 Air Cooler Launched, The Rothschild Family
Chapter 145 Air Cooler Launched, The Rothschild Family
When faced with losses, stock institutions can easily become stubborn.
They probably judged that Ford's stock price had basically reached the lowest point in this round, so all the institutions rejected Tony's offer.
Initially, Ford's stock price did indeed rise for three consecutive days.
Although the momentum wasn't strong, it still gave a lot of retail investors confidence.
With a large number of retail investors entering the market, Ford's stock price surged rapidly.
However, this situation only lasted for two days.
On the fifth day, as newspapers published images of the Dodge calf and its expected launch date, Ford's stock plunged in mid-day trading.
By the afternoon close, it had plunged eight points.
The seven points that had been painstakingly gained over five consecutive days vanished in an instant.
"Lin, those agents called me, hoping to talk to us about early redemption."
Hearing Tony's cheerful voice on the phone, Lin Yi stubbed out his cigarette: "We will give them a reply and seriously consider this matter. We also hope to see their sincerity."
"Understood, I know what to do."
Tony chuckled and hung up the phone.
Previously it was a 30% return, now a 40% return is not unreasonable!
……
The organization eventually compromised.
Sign a supplementary agreement and get the money.
After completing the entire process, I quickly caught the last train and bought 20 million worth of Dodge Brothers shares.
With Tony joining the company, Dodge Brothers' stock price rose by two points.
With the money in hand, the acquisition of oil fields, which had been previously contacted, became Lin Yi's main focus.
Before we knew it, it was July.
Feng Hua's air coolers have finally hit the market.
The price of $399 is still very expensive for working-class people.
After all, it's worth half a Beetle.
Therefore, sales were not as booming as those of space heaters.
However, the wealthy class in Yorktown was also not a small number.
With the first batch of high-end shopping malls using it, the positive experience brought the sales of the air cooler to nearly 8,000 units in the first month.
And this sales volume is less than a thousand orders.
Typically, a single order consists of seven or eight units.
Although a profit of over one million is insignificant, the market prospects are still very broad.
Wall Street investment firms have been flocking to the area lately...
"Twenty million for 31% of the shares?"
"Yes, it's a very good price, isn't it?"
A radiant-looking Dison sat on the sofa, a large cigar between his fingers.
Dodge Brothers' stock price has recently surged, doubling in just a few months.
The rapid expansion of the family's wealth put Dison, a prominent figure in the family, in a state of mysterious comfort, both physically and mentally.
Now, he feels like a twenty-year-old.
In any aspect.
Lin Yi glanced at him, then looked at the documents in his hand.
Rothschild Financial Investment Company.
He knew this; it was a genuine family business, a prominent Wall Street firm.
There is a saying that there were six major powers in 19th-century Europe.
Great Britain, Prussia, Austria-Hungary, France, Tsarist Russia, and the Rothschild family.
They are truly as wealthy as a country.
Family banks have spread throughout Europe.
A true financial tycoon.
Now, they've set their sights on their own industries.
However, this family, which has been passed down for nearly a century, has clearly shed the low-level approach of seizing wealth through trickery and force, which is criticized by many.
Like Kong Yongzhi and Song Wenchang, they are currently in this stage.
Rothschild clearly prefers to wield the big stick of money and sweep everything away.
Considering Feng Hua Manufacturing's current size, acquiring 31% of its shares for 20 million is indeed an extremely favorable offer, as Dison said.
After all, the total investment in Feng Hua Manufacturing, excluding the technology it provides, is only six million dollars.
The expected profit for this year is less than eight million.
Perhaps someone else would have agreed to such generous terms without hesitation.
Unfortunately, he was now facing Lin Yi.
Even if we don't look at the next few years, Feng Hua Manufacturing's profits will definitely rise rapidly as the market expands.
If the company wants to go public in the future, it will need to release a portion of its circulating shares and introduce other shareholders.
With 31% of the shares in hand, Rothschild has a high probability of becoming the largest shareholder through proxy shareholding.
At that time, my company will have to change ownership.
This is the foundation for Lin Yi's future plans to vigorously develop electronic products, how could he easily give it up?
"Looking at it now, it is indeed a good price, but they have overlooked one problem."
"what is the problem?"
Dison sat up straight without thinking.
He came to Yorktown to visit Lin Yi this time, full of confidence that he would make this matter a success.
In his view, the most time-saving and effortless way for the Dodge family to further expand is to get some benefits from the Rothschild family.
Therefore, he really needs this friendship.
"Household air coolers are a new industry, and FengHua Manufacturing is the only company capable of manufacturing this product, at least for the next three years."
"Dison, do you know what a three-year exclusive deal means?"
Upon hearing Lin Yi's question, Dison remained silent, but his brows furrowed.
He certainly understood what a three-year exclusive deal meant.
A market with no competitors, brand awareness, and a three-year first-mover advantage.
Even if similar products emerge three years later, they will not be able to shake Fenghua Manufacturing's leading position in the market.
Just like Ford back then, the Model T alone allowed them to dominate the automotive industry for nearly two decades.
It wasn't until recently that their undefeated streak was broken by the Dodge brothers.
"So, Dison, they underestimated the value of this company."
"Maybe."
Dison shrugged, his mind racing, before saying, "But Lin, I think you might not know what Rosier represents."
"It's a very influential name, not just in the United States."
"If you can become their partner, your Fenghua Manufacturing will definitely win over the entire European market very easily."
"You should understand how much profit that will bring you, far more than just 20 million."
"By the way, they also own shares in Ford. They had an influence when the Model T entered the European market."
"If that's the case, then that's really impressive."
Lin Yi nodded and said with a smile, "Dison, thank you very much for telling me this. I am very happy to accept their investment."
"We also look forward to cooperating with them."
"But I have two conditions."
"First, 20 million can only get you a maximum of 15% of the shares, and that's all the shares I'll give up."
"Secondly, I only accept financial investments. They can conduct financial oversight, but no one can interfere with the business operations."
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