Steel Tycoon Reborn
Chapter 611: Situation (5)
Lord Snow Eagle
, Legend of the Dragon King
, super soldier
, Cultivation: Overturning the Rain and Turning the Clouds
, Martial Arts Supreme
, Eternal Night King
, my neighbor is a banshee
, fairy wood legend
Taking the official article as an example, Song Qiaosheng communicated with Tian Jiageng and Xu Pei in a pleasant atmosphere. Song Qiaosheng fully affirmed the local economic development and construction work, and Tian Jiageng and Xu Pei commented on Song Qiaosheng's constructive suggestions for local economic development. The opinions expressed their approval and welcome, which set the tone for the comprehensive development of Xinpu Port, the reconstruction of Xudong Railway, the development of Huaixi coal resources, and Meigang taking over Xucheng oil refining.
The core project of Huaimei's east exit is the electrification and double-track reconstruction of Xudong Railway. The investment of the entire project will exceed 8 billion yuan. Considering the current inflation level, it is not unimaginable that the final investment will exceed 10 billion yuan.
Not only is the design and approval process of the project complicated, but the raising of such a huge amount of construction funds is not something that can be completed in a short period of time. The active cooperation of all parties can complete the preparatory work and start construction within one year, which is considered to be very fast.
However, just like the construction of Zhunan Power Plant, Meigang took over Xucheng Oil Refinery and the east extension of Xudong Railway, and Huaineng Group established Huaineng Coal Industry Co., Ltd., involving the development of Huaixi coal resources, which can be regarded as Huaimeidong's idea. Foreshadowing projects, these can be implemented in advance.
This mutual trust in cooperation projects is not for no reason. Whether these foreshadowing projects can be carried out smoothly can also be regarded as a measure of whether all parties have a positive attitude towards the entire Huaimeidong concept. If a billion dollars are dragged to death in a project, the losses and blows will be fatal.
At the reception dinner, Shen Huai met with Li Wenzeng, general manager of Xucheng Refining and Chemical Group, secretary of the party group and chairman of Xucheng Refinery, a listed company, and others.
Li Wenzeng waited for the senior management of Xucheng Refinery to show up in the afternoon, and did not convey any positive wishes and information through other channels. He responded with a silent attitude to the sudden change in the center of the whirlpool, which can be said to be digested in attitude.
When they appeared at the dinner party, Li Wenzeng and others became positive again. It can be said that in addition to the personal promotion of Xu Pei, secretary of the Xucheng Municipal Committee, the plan proposed by Shen Huai also played a key role.
Li Wen was over fifty years old. Although he had been struggling and climbing in the refining and chemical system for half his life, he was already a deputy department-level senior official of a state-owned enterprise. Li Wenzeng personally speaking, it may not be worth the loss.
If there is no good plan to place people like Li Wenzeng, then they will be the biggest resistance to this matter; even if Xucheng implements high-pressure measures and directly hand over 400 million legal person shares to Meigang to take over, but the internal formation of Xucheng Oil Refinery If the huge resistance is not eliminated, it will seriously affect whether Meigang can really digest the resources that Xucheng oil refining can bring.
The plan given by Shen Huai actually agreed with Li Wenzeng and others to bring some high-quality assets and separate them from Xucheng Refinery. Meigang mainly only takes over the main business that is currently causing losses to Xucheng Refinery, which can also be said to be the biggest burden of Xucheng Refinery.
This plan is obviously more tempting than the abrupt takeover and stripping of personnel. The next step is to talk about how to divide assets; the final plan also invites securities institutions holding tradable shares to participate in the discussion.
Shen Huai did not have much time to participate in specific technical negotiations. Zhao Dong, Zhao Zhimin, Pan Cheng, Xu Wendao and others mainly focused on ensuring the construction of Xinpu Steel Plant and the operation of existing production capacity - except for Qian Wenhui and Xu Xiting, who were temporarily After being transferred over to conduct financial and technical checks, Shen Huai put Sun Yalin in charge of the specific matters.
"You bastard, don't be afraid of biting if there are too many lice. You really think we are a bottomless pit that can be squeezed without limit," Sun Yalin couldn't help complaining when she returned to her room, "Xinpu Shipping Group just started to integrate, Hengyang Shipbuilding Industry, In addition to the investment in Hengyang, we will also invest 100 million yuan, and Yexin Bank will issue more than 200 million loans; It is necessary to invest 300 million yuan in one year. Although Xucheng Oil Refinery has not yet asked for a price, it is estimated that it will not be lower than 300 million yuan. Do you think your family is printing money? I am from the second factory of Meishan Iron and Steel. Chairman, well, this time I'll stay and negotiate, anyway, I know that you won't do anything good, but when it comes to financing in Paris, London, and Hong Kong, don't want to be lazy..."
Although the banquet was over, Shen Huai and the others had no way to go and rest.
My sister-in-law and Xiong Wenbin also had their second uncle Song Qiaosheng and others, while Shen Huai called Sun Yalin, Song Hongjun, Zhou Zhibai, Yang Haipeng, Chu Yiliang, Guo Quan and others to his room to discuss the next work.
Now one project after another has been launched. Sun Yalin and the others were also squeezed out of their breath. Taking over Xucheng oil refining is not only a backdoor operation, but the new 500,000-ton oil refining project in the Zhunan Industrial Planning Zone is also a small project. The more important thing is how to use the resources of Xucheng Refinery to build a larger-scale refining project in Xinpu.
"Hey, I don't want to either," Shen Huai said with a sigh, "Although I have always been studying Xucheng oil refining, I never thought of making a move so early. I plan to wait until the Xinpu plant is completed before considering the development of refining. The problem is that sometimes the situation is unforgiving. The current situation is that if you don’t force yourself, others will force you. In London, should I wait for me to return to Xiapu and sit in the seat of the county magistrate for a month or two? , sit and get hot before you go?"
Shen Huai said this is not bluffing, he really did not plan to start oil refining in Xucheng so early.
Xucheng's current foundation is not suitable for the development of large-scale refining and chemical industry, and the most suitable for large-scale refining and chemical development in Huaihai Province is currently only Xinpu, so Shen Huai is not afraid of who can **** the fat in front of him.
In his plan, he intends to wait until the Xinpu Steel Plant is constructed and put into operation before considering the large-scale development of the refining and chemical industry cluster in Xinpu. That should be in half a year at the earliest.
The subsequent changes were also unexpected to him, so he could only adapt in advance; this would also bring great financial pressure to Meigang.
"The economic development in China and Southeast Asia is a little overheated now, and we must be alert to the coming of the economic cycle," said Liang Ronghua, who was invited to participate in the discussion. , I suggest that Meigang should try to inject as much capital as possible and reduce debt financing, otherwise Yexin Bank will issue a risk warning to Meigang..."
At present, more than half of Yexin Bank's loan business in Huaihai Province is concentrated in Meixi and Xinpu. On the one hand, it shows that Yexin Bank's business situation in Meixi and Xinpu is very good, but it also means that it is developing with Meixi and Xinpu. There are stake-related risks.
Once Meixi and Xinpu Construction suffer from a major economic cycle, the risk level of Yexin Bank's lending assets will rise sharply.
We should strive for more capital injection in project construction, rather than relying too much on debt investment such as loans. When the big economic cycle comes, the risks caused by capital withdrawal are easier to control.
Xinpu Iron and Steel Plant is currently mainly invested by Meishan Iron and Steel Co., Ltd., West Youmings, Feiqi Industry and other parties. In addition to the industrial land, Meishan Iron and Steel, Feiqi Industry, Zhongxin and Hongji have jointly injected more than 300 million US dollars, keeping the debt of the Xinpu project at a very low level.
The level of debt borne by Xinpu Development Group and Meigang is relatively high.
Xinpu Development Group has undertaken the heavy responsibility of infrastructure construction of Xinpu Port and Lingang New City. Before the construction has reached a certain scale, the income from land transfer is limited, and the bank loans it has undertaken currently exceed 600 million.
Although Meishan Steel's first and second plants have a high level of profitability, the scale of investment involved is larger. The total investment in Xinpu Iron and Steel Plant, which amounts to one billion yuan, is mainly from loans.
At present, Meishan Iron and Steel Group has net assets of 1.34 billion, including the first and second factories, as well as its holdings in Meixi Power Plant and Meixi Port. If it takes over 300 million to 500 million loans in order to take over Xucheng Oil Refining, Meishan Iron and Steel’s total debt will exceed 1.6 billion. The huge debt is one aspect, and the annual financial expenditure of more than 100 million will directly affect the profitability.
In addition, Pengyue, Zhujiang Investment, Meixi Development Group and Donghua Jingtou all bear a lot of debt.
If by the end of next year, the Xudong railway reconstruction project is launched, Meixi Development and Investment Group will participate in it, and it will have to undertake an additional $100 million in financing debt.
Everything is a double-edged sword. If Shen Huai does not take advantage of the core platform to take on such a high debt, there is no way for Shen Huai to gather such a huge capital to develop Meixi and Xinpu in a short period of time, but at the same time he also has to bear the financial risks that come with it. .
They didn't turn against their second uncle Song Qiaosheng before. If they really encountered a crisis, they could have the cheek to ask for help; with the ability of the Song family, they would inject one billion, two billion or even more funds into Mei Steel in the form of long-term creditor's rights to support Mei Steel. Continued expansion is not a problem at all.
In the current situation, once Meigang encounters a crisis, it is a good opportunity for others to attack Meigang.
My sister-in-law is currently only controlling the Huaineng Group on the surface. In fact, the Huaineng Group is a bridge for the second uncle Song Qiaosheng and the others to rob Meigang in the future.
In response to Liang Ronghua's reminder, Shen Huai grinned and said to Liang Ronghua with a helpless tone: "We really do things with our heads on our waists. But this time I still want to ask Yexin Bank to support us, Wan Wan If something goes wrong in the future, I will personally withdraw..."
Liang Ronghua knew the meaning behind Shen Huai's promise, sighed lightly, and said, "Whether it is Yexin Bank or Evergreen Group, no one person can make the final decision; of course I personally support you... "
Even if there may be a financial crisis in the future, there is no problem with Meishan Iron and Steel now that it has formed a system foundation to really step up its construction. At that time, as long as Shen Huai himself is willing to quit, there will definitely be a lot of capital forces who are willing to come in and take over. Not to mention, even now, there are definitely people who are willing to inject three or five billion funds into Meishan Iron and Steel in exchange for the control of Meishan Iron and Steel.
Compared with the pressure on Shen Huai and Liang Ronghua, Song Hongjun was much more optimistic and said with a smile, "You guys are really, really good things, so you can say so tragically. As long as the Xinpu Steel Plant is in September next year Before it was successfully completed and put into production, what else can’t be solved?”
"Did you lose your mind just now?" Shen Huai turned his head and asked Song Hongjun.
"Ah?" Song Hongjun asked, "I was thinking about where to have supper later, how do you know?"
"..." Shen Huai patted his head helplessly and said, "I'm discussing the financing of refining and chemical projects with President Liang. Xinpu will need three to five billion yuan for a new refining and chemical project. Funds are raised in the form of debt financing, and even if the Xinpu Steel Plant can be successfully completed and put into operation by September next year, it will not be able to resolve the huge risks involved.”
"Ah," Song Hongjun was stunned and said, "What do you say? Hongji and Zhongxin are not counted. The debts undertaken by Meigang and its affiliated companies have exceeded 3 billion, and you are still thinking about 35 billion more. , your heart is much more greedy than I imagined!"
Sun Yalin gave Song Hongjun a disdainful look and said, "I should have kicked you out and won't let you play. The contradiction is two-sided. If we introduce more external capital, our control will be weakened; www.readwn.com~ The financial risk we're taking on will increase dramatically - otherwise what do you think we're worrying about?"
Shen Huai smiled and watched Sun Yalin "teach" Song Hongjun a lesson.
At present, it seems that Sun Yalin absolutely controls the Zhongxin Industrial Investment Fund. Her father, Sun Qishan, injected 80 million US dollars of funds into it, expanding the investment assets controlled by Zhongxin to 200 million US dollars.
At present, Meigang's operation and construction situation is very good, so Sun Qishan will not interfere with Zhongxin's investment behavior; if there is a big problem here, Sun Qishan can't say anything even for the safety of his 80 million US dollars. Don't interfere.
What really went wrong here, not only Shen Huai will withdraw to protect the overall situation, but Sun Yalin may also be forced to hand over the control of Zhongxin - in the face of huge interests, there is no family affection here.
Including Liang Ronghua's support is not unlimited. Even if Liang Ronghua personally supports Meigang, Liang Ronghua is only the president of the provincial branch of Yexin Bank, and there is also the will of the head office.
Song Hongjun grinned and said, "I'm not as skilled as you are on things that are too deep, but I believe that as long as there is no problem with the domestic economy, we won't have a big problem. I'm afraid of a bird."
Shen Huai laughed and said, "That's right! It's useless to think too much, even if the mountains of swords and seas of fire are in front of you, can you still not break through?"
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