Steel Tycoon Reborn

Update time: 2013-06-25

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The renovation of the old city in China is faced with various practical difficulties, the most important thing is lack of money - Shen Huai will not explain this to Yasuda Zhimao, Shinozakizawa, and Yamazaki Nobuo who are in front of him.

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The global product sales of Yasuda chaebol in 1996 reached more than 60 billion US dollars, and the total industrial output value of Huaihai Province did not even reach this number. Shen Huai is not worth the current practical difficulties of Yasuda Zhicheng and Shinozaki Zeneng. Feel the same.

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No matter how much I explain to them, they say "why not minced meat", and it's a joke here.

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Of course, Shen Huai wouldn't think that Yasuda Tomohiro and Yamazaki Nobuo invited each other to join the party, but they were so naive that they only embarrassed him about the issue of demolishing the street.

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Shen Huai suppressed the slight unhappiness in his heart, drank wine with Yasuda and Yamazaki, and talked about some economic topics in general, but it was not nutritious. In short, he couldn't just sit and drink.

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"I heard that Meigang intends to sell some shares of the listed company, so it is actively looking for overseas buyers in London, Paris, Hong Kong and other places..." asked Tomoko Yasuda when Xi arrived.

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Shen Huai put down the wine glass in his hand and calmly looked at Yasuda Zhicheng for a few seconds before laughing: "President Yasuda's news is very well-informed. However, the news is slightly deviated, and it is not what Meigang Group wants. Selling the stocks of listed companies, but Zhongxin is looking for buyers for the stocks of listed companies it holds..."

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Don't say that the world is big, but the world's real top financial capital circle is so narrow.

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Sun Yalin has been in Paris and London during this period of time, looking for overseas buyers for the shares of the listed company Meixi Industrial Co., Ltd. in her hands, and planning start-up funds for the Xinpu Refining and Chemical Project. As one of the core figures of the new generation of Yasuda chaebols , It is not strange that Yasuda Zhicheng can know the news in China.

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To be honest, Shen Huai would not be surprised that the Yasuda chaebol was interested in this part of the stock held by Zhongxin.

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The initial plan of Shen Huai and Sun Yalin was mainly to find buyers for this part of the stock in the Chinese business capital circle, but the progress was not smooth.

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It's not that no one has made an offer. The London Wu family, through Berkeley Bank, is willing to pay 50 million US dollars for the 160 million shares in Zhongxin's hands. It's just that there is a big gap between Sun Huai and Sun Yalin's expectation of selling $60 million at the beginning, and they haven't reached a deal for the time being, so they're stuck there.

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On the Evergreen Group side, the requirements are more stringent. They not only want to acquire the shares of the listed company held by Zhongxin, but also the shares of Xinpu Steel Plant held by Zhongxin.

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When they were preparing for the Xinpu Steel Plant project, Shen Huai and Sun Yalin did not seek financing from the Evergreen Group, but they refused, and Sun Yalin was even ridiculed a lot.

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In the end, Sun Qishan personally injected 50 million US dollars into the Zhongxin Industrial Fund, so that Zhongxin was able to raise 120 million US dollars before and after it was injected into the construction of Xinpu Steel Plant.

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Now that the Xinpu Steel Plant is about to be built, the rest of the Sun family are envious.

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It's okay to be greedy, at least the asking price is slightly higher.

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Not to mention the shares of the listed company, the rest of the Sun family are only willing to pay US$140 million for Zhongxin's shareholding in Xinpu Steel Plant. Compared with Zhongxin's initial investment, there is only a premium of US$20 million. Talking is better than nothing.

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As a senior executive of the Evergreen Group, Sun Qishan would not refuse this request from the rest of the Sun family. Sun Yalin had no good temper, so she came back.

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It's one thing for Sun Yalin to come back with emotions, but things still need to be done—

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Since the Yasuda chaebol took the initiative to show interest, Shen Huai couldn't hold back and looked at Yasuda Zhicheng calmly.

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Hearing Shen Huai's correction, Yasuda Chimai also smiled lightly and said, "I heard that Zhongxin's search for overseas buyers in London and Paris was not particularly smooth..."

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Shen Huai said: "It can't be said that it is smooth or not. Presumably President Yasuda has also investigated Zhongxin. At present, the relationship between Zhongxin and the Evergreen Group is the same as the relationship between some independent companies under the Yasuda chaebol and the Yasuda chaebol. In the same way, there are innumerable connections, but there is also a desire to struggle to become independent and grow strong wings. Presumably Yasuda-kun also has the ambition to conquer the world alone..."

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Yasuda Chicheng was startled for a moment. He thought that Shen Huai was struggling with debt and financing during this period. He indicated that he would get a more positive response. He didn't expect Shen Huai's sharp edge to be as sharp as the legend.

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He naturally understands the relationship between Zhongxin, Sun Yalin, and Shen Huai and the Sun family behind the Evergreen Group - the capital involved in the Meigang Department is relatively complex, but the Sun family has always been the core capital support of the Meigang Department.

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Of course, there is still no way for the Chinese Sun family to be on a par with the Yasuda chaebol in terms of capital, but as a family of chaebols with family assets of more than 2 billion US dollars and control assets of more than 10 billion US dollars, the internal relations are bound to be complicated.

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It is true that Zhongxin was born out of the Sun family. Sun Yalin herself is a junior of the Sun family. The main buyers of the Zhongxin Industrial Fund in the early days were almost all of the Sun family or investors who were closely related to the Sun family. It is not difficult to understand that the Sun family wants to merge Zhongxin into the Evergreen Group.

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But at the same time, the believers may not be willing to return to the big family... This kind of mentality, Yasuda Tomoko knows best.

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There are several industrial seed funds under the Yasuda chaebol and Yasuda Bank. The nature is similar to that of Zhongxin Investment, but the performance of industrial equity investment is not as good as that of Zhongxin Investment.

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So Shen Huai didn't say too much, Yasuda Zhicheng can also understand what he meant. At present, Zhongxin wants to develop independently outside, so it gives priority to external buyers for the stocks of its listed companies. Even if this road does not work, it will be Selling the stocks of listed companies to Changqing Group or other companies controlled by the Sun family is the last choice of Zhongxin, and it can also be said to be a guaranteed choice.

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Of course, this is also the first contact. Neither side will reveal their trump cards. Shen Huai knows that Yasuda is interested in buying, and Yasuda knows that Meigang is willing to sell.

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A meal was eaten quickly, and the bill was less than 200 yuan. This was probably the cheapest business dinner that Yasuda Tomohiro and Yamazaki Nobuo experienced...

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Instead of staying in the restaurant, they moved to a tea house. Shen Huai, Yang Haipeng and Chen Tong drank tea while waiting for Sun Yalin to return to the city.

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"Is Fuji Steel interested in the stocks held by Zhongxin?" Yang Haipeng and Chen Tong would not talk casually in front of Yamazaki Nobuo and Yasuda Tomoko, but when they sat down in the restaurant, Yang Haipeng couldn't wait to ask.

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"Behind Fuji Steel is Yasuda Zaibatsu, and Yasuda Zaibatsu has Yasuda Bank as its core, so whether it is Yasuda Bank or Fuji Steel wants to acquire this part of the stock, there is not much difference," Shen Huai said, "but the matter involves Due to the restrictions on foreign capital in the domestic securities market, the Yasuda chaebols are more likely to acquire this part of the stock in the name of Yasuda Bank. Meigang has to collect materials from Yasuda Bank before making further judgments..."

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Tomoko Yasuda, Nobuo Yamazaki, and Shinozaki walked to the street, waiting for the driver here to drive over.

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Sitting in the car, he frowned and said to Nobuo Yamazaki, "Shen Huai is too cunning, I may have been a little impatient just now..."

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Nobuo Yamazaki felt the same way. Although Shen Huai gave the outside world the impression of domineering and domineering, the development of the Meigang Department over the years is enough to prove that Shen Huai hides extraordinary wisdom under the surface of domineering and domineering - Yasuda Zhicheng is too early It is not a smart choice to reveal the intention here.

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After all, it was Yasuda Zhicheng who had no contact with Shen Huai before, and was still a little contemptuous in his heart, so he was eager to test it.

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Now that Yasuda Tomoko can reflect immediately, it is not too late.

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Nobuo Yamazaki said: "Currently in Donghua, there are many rumors about Xinpu's debt, and I believe that the pressure on Shen Huai is not light. Especially in the case of backdoor Xucheng oil refining, the cracks in the Song Dynasty became public, which directly restricted Mei. The political support that Gang can get has also made some people in Donghua dare to make a move against Meigang, and the situation is still favorable for us..."

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Meigang restructured and listed Xucheng Oil Refining through the backdoor. The listed company changed its name to Meixi Industrial Co., Ltd., and will focus on the development of heavy industries such as steel and petrochemicals in the future.

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After the completion of the new electric furnace steel project in cooperation between Fuji Steel, Provincial Steel and Changqing Group, Meixi's electric furnace steel production capacity will reach a scale of 2.3 million tons. As far as electric furnace steelmaking is concerned, this is already the largest in the country. The electric furnace steel smelting base has been established, and there is potential for further development in the future.

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As for the current industrial development of Meixi, it has entered a virtuous circle in terms of layout. Even within the Yasuda chaebol, the investment is given an excellent evaluation - so from the perspective of Fuji Steel, it is still necessary to actively expand the investment in Meixi Electric Furnace Steel. The investment penetration of related industries is not to maintain the status quo, nor to reduce it.

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The shares that Zhongxin intends to sell this time account for almost 12% of the shares of the listed company; correspondingly, it is also the 12% share of the electric furnace steel production capacity of Meishan Iron and Steel Group - and the refining and chemical business that the listed company will develop correspondingly is also related to Ishizu Chemical, another heavy industry company under the Yasuda chaebol, is wedged together.

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In addition to these two points, there is also a great temptation that the stocks held by Zhongxin can be transferred between overseas investors.

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The Chinese securities market has officially allowed foreign capital to enter since the listing of the first foreign joint venture company in 1991, but the opening is very small. The total annual approval quota is only that, but there are too many foreign institutions competing, and Yasuda Bank does not have much advantage.

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As a foreign party, Zhongxin can hold the shares of listed companies in China. In addition to the fact that Zhongxin has made real industrial investment in China before, it is mainly because Meishan Steel has received political support from various aspects in the listing of Xucheng Oil Refining through the backdoor. The purpose of entering the national securities market was achieved in a roundabout way. Even so, this part of the shares held by Zhongxin, together with the shares held by other shareholders, was limited to a lock-up period of 24 months, which is longer than the conventional lock-up period. doubled.

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If Yasuda Bank takes over this part of Zhongxin's stock ~www.readwn.com~, it means that after almost twenty months, there will be corresponding funds that can be unfrozen in the domestic securities market.

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Although it seems that the total amount of funds is not large, and there will be a 20-month lock-up period, it is a head start for the competition of foreign banks in the domestic securities capital market.

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This point has not even been recognized by other foreign banks entering or wanting to enter the country.

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Although Fuji Steel has cooperated with Provincial Steel Group, and Provincial Steel Group also has plans to list in China this year, the province has made it clear that this listing of Provincial Steel Group does not involve joint venture assets - so Yasuda Bank wants to copy Zhongxin's mode, to achieve the purpose of roundabout access to the domestic securities market, one is that the period of re-distribution will be extremely long, and the other is that the possibility is very small.

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In terms of these three aspects, Yasuda Bank is willing to pay a relatively high price to acquire this part of the stock from Zhongxin.

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There is willingness and interest, but it cannot be shown too early, otherwise, it will be in a disadvantageous position in the negotiation. Therefore, Yasuda Tomohiro occasionally reveals this intention, which is somewhat urgent, which may bring adverse effects. However, Nobuo Yamazaki believes that Shen Huai's situation at this time is not very good, and they still have the advantage in negotiation.