Steel Tycoon Reborn
Chapter 655: risk hedging
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
In order to prevent the Thai baht from being hit again, the Thai government has blocked the channels for the direct withdrawal of foreign capital. At this time, it is impossible for Evergreen Group to directly withdraw a huge amount of investment from Thailand.
However, if the iron ore order from Xinpu Steel Plant can be obtained, the assets or equity of its hotel and real estate company in Thailand can be exchanged with Thai mining companies to achieve the purpose of risk diversification and hedging.
Shen Huai didn't speak, Sun Yalin sneered beside him, and said, "You guys really know how to make a deal. In Paris, I kept coaxing and deceiving, asking me to transfer the shares of Xinpu Steel Plant held by Zhongxin to Changqing to take over. Don't tell the truth. Did you wag your tail now that you can't hold it anymore..."
Sun Yalin activated the group satire skills, even her father did not let go.
Song Hongjun smiled; Shen Huai looked down at the cigarette burning in his hand.
Now it is certain that Changqing Group, at a price of 200 million US dollars, wants to acquire the equity of the listed company and Xinpu Steel Plant held by Zhongxin in a package. In addition to this itself being a stable industrial investment, there is also a desire to use Xinpu Steel. The factory's ore orders to hedge its investment risk in Thailand.
They have this intention, but they deliberately concealed it. Even Sun Yalin's father didn't reveal the inside story to this side. In the end, they were afraid that he would be schadenfreude and watch the Evergreen Group's investment in Southeast Asia fail, right?
Now that the crisis is getting more and more urgent, and seeing that it can't be delayed, I have to take the initiative to reveal the trump card.
"Shen Huai, what do you say?" Sun Qishan knew his daughter's temper and asked Shen Huai's opinion directly.
Shen Huai flicked the ash and said with a smile, "If the previous bid by the Evergreen Group can be more than 30 million to 50 million US dollars, we might bite the hook..."
Sun Qishan smiled awkwardly and said, "This is not something I can decide."
Shen Huai can understand the complicated situation of Sun Qishan. He personally holds a huge share in the Zhongxin Industry Equity Investment Fund. In matters, he had to succumb to the overall will of the board of directors of the Evergreen Group.
Sun Qishan's personal assets exceed hundreds of millions of dollars, but with these personal assets, he is considered a rich man in Western European society; Sun Qishan's real status in the Chinese capital circle is still with the Sun family and with him in the Evergreen Group. Executive directorship, direct hook.
Of course, even if Sun Qishan came on behalf of the Evergreen Group, Shen Huai temporarily suppressed his previous friendship and said with a smile: "Thailand's economic crisis is really as serious as your cousins said. Bian can also wait for the full-scale economic crisis in Thailand to take orders and go directly to Thai mining companies to trade..."
"Alright, alright, there was some unpleasantness between you and Qiyi before, but holding on to and fighting against one's anger is of no benefit," Sun Qishan was not annoyed, but said with a smile as a peacemaker, "Mei Gang There are some advantages, but there is no means and capital to turn the advantages into practical benefits, so it is best for everyone to sit down and discuss..."
Shen Huai glanced at Sun Qiyi and said, "How could I not listen to what Uncle Big Biao said. Besides, Xinpu is also under some financial pressure. Uncle Big Biao doesn't know what to say, but he also takes care of our junior's face..."
There are no eternal friends, only eternal interests. If you sit back and watch Sun Qiyi's unfortunate misfortune, it will not be of any substantial benefit to Mei Steel.
Seeing Du Jian walk in, Shen Huai asked, "Is the dinner ready?"
Du Jian nodded, and Shen Huai said again, "You should call President Zhou, President Chu, President Zhu, Mayor Xiong, Secretary Chen Bing and ask them if they are free to come over for dinner?"
I hadn't considered talking about such a complicated matter before, so Shen Huai didn't arrange for more people to participate in the reception of the dinner.
Although this time, for Changqing Group, it is only to adjust the investment of one billion or 800 million US dollars in Southeast Asia, but the overall Meishan Iron and Steel Group is still very weak. Participating in these investment adjustments of Changqing Group will have a great impact on Meishan Iron and Steel. far-reaching.
Moreover, the economic situation in Thailand is very critical, and there is not much time for everyone to sit down and exchange opinions calmly. Shen Huai also wanted to call Xiong Wenbin, Chen Bing, Chu Yiliang, Zhu Li, and Zhou Zhibai directly to participate in the next conversation. , don't waste time uselessly.
Sun Qishan also laughed and said: "Evergreen Group is in the Asia-Pacific side, and Qiyi is still in charge. I came here to be a peacemaker, so it's up to you to sit down and talk about the specifics. However, I also want to mention something, The group's main hope is that the Asia-Pacific business can be properly contracted at present, and it is unlikely that a large-scale capital injection into Xinpu at this stage..."
Evergreen Group's investment in Southeast Asia is currently facing a major crisis, and it is unrealistic for Evergreen Group to directly invest in Xinpu Refining and Chemical Projects, which they think are extremely risky. Sun Qishan didn't want them to put this as a condition, Shen Huai nodded and expressed his understanding.
Sun Qishan is still quite enterprising in personal investment, but the investment orientation of the entire Evergreen Group cannot be changed by him personally.
****************
The communication after the dinner continued until one o'clock in the morning and was suspended.
After sending Xiong, Chu and others away, Shen Huai and Sun Yalin returned to Sun Qishan's room and said with a smile, "If my uncle had told us about the situation in Southeast Asia earlier, he wouldn't have been so passive. Iron ore orders, a considerable part We have already signed a long-term agreement for West Yumings, and there is not much left to share..."
Sun Qishan sighed lightly and said: "Before I went to Hong Kong, Qiyi didn't fully tell the truth to the headquarters, or after the Thai baht was directly hit by hedge funds at the beginning of the month, he couldn't hold back, so he told the real situation. Come out. Well, no matter what, you still need to wipe your **** first. How big an order can you come up with, you can tell me..."
Before the economic crisis, the mud and sand were all down, and it was difficult for the mining companies in Thailand to protect themselves. The larger the orders that the Evergreen Group received at the Xinpu Steel Plant, the higher the negotiation initiative with the Thai mining industry.
Shen Huai pursed his lips and said, "The two blast furnaces of Xinpu Steel Plant are designed with a production capacity of 3.5 million tons of iron, but as long as the domestic market permits, the blast furnaces may actually be put into operation, and it may increase by another million tons. But at the bottom, I Even West Youmings and Feiqi Industry don't pay..."
"Is there such a large margin?" Sun Qishan asked in surprise.
"It's not surprising, Meishan Steel's No. 2 plant was designed for 600,000 tons, and last year it ran 800,000 tons. The entire production line is still quite stable," Shen Huai said with a smile, "The industrial standards in Europe and the United States are in line with the actual domestic production. , there is a big gap, and this is basically an open fact."
Throughout the mid-to-early 1990s, although China's economy continued to grow at a high rate, it could not affect the world economic structure - this relationship also reflected in China's steel industry.
Although China's steel production continues to grow rapidly, it mainly relies on domestic low-grade iron ore, and overseas iron ore trading markets are mainly concentrated in Europe, America, Japan and South Korea.
Affected by the long-term sluggish real economy in Europe and the United States, the overseas iron ore market has been in a period of negative growth since 1994. As one of the few iron ore exports from Asia, Thai iron ore companies have It's been pretty bad.
Previously, Meigang and West Youmings, and Feiqi Group jointly established the Xinpu Steel Plant, which was bound to the iron ore supply agreement. The participation of West Umins and Feiqi Industry in the joint venture is not only optimistic about China's economic development and emerging markets, but also to boost their iron ore and shipping businesses.
Of course, Shen Huai would not agree that West Youmings and Feiqi Industry would be solely responsible for the iron ore supply of Xinpu Steel Plant. Therefore, the long-term iron ore supply agreement signed with West Umins and Feiqi initially only stipulated an annual volume of 3 million tons.
The designed production capacity of Xinpu Steel Plant is 3.5 million iron and 3 million tons of crude steel. When it is actually put into production, the iron-making capacity can reach 4.5 million tons. That is to say, the actual demand for iron ore here can reach as high as seven or eight million tons.
After deducting the long-term supply agreements with West Umins and Feiqi Industry, Shen Huai can additionally decide to whom the iron ore order of four or five million tons will be handed over - this is the bargaining chip.
This amount is really surprising to Sun Qishan. Before he came here, he thought that it would be a good result to deduct an order of one million tons of iron ore from Xinpu Steel Plant. There is no potential that is far greater than he imagined.
If Evergreen Group can grasp the iron ore demand of Xinpu Iron and Steel, it can not only use it to trade with the mining industry in Thailand, but also use it to trade with shipping companies - due to the continued sluggishness of overseas iron ore trading, Southeast Asia corresponds to Shipping companies are also suffering.
"Okay, you can make a condition..." Sun Qishan said.
"Uncle Biao, you are the main investor of Xinpu Steel Plant, how dare I make conditions with you?" Shen Huai said with a smile.
"Don't be sloppy at me, I almost laughed out loud when I saw you..." Sun Qishan laughed.
"Uncle Biao, what you said is quite reasonable," Shen Huai said, "Mei Steel is still very weak, even if there will be some advantages in a short period of time, but there is no effective means and capital to turn the advantages into real profits. Steel's goal in the future is to enter the overseas iron ore market, but we don't currently have the ability to do so, but we are already doing this for shipping..."
"You said..." Sun Qishan said.
"If Evergreen Group can replace one or two iron ore ships with hotels and real estate assets in Thailand, can it be placed in Xinpu Shipping Group? The two parties can be considered as a joint venture, which can further balance Evergreen Group's investment risk in Asia-Pacific - - Of course, if the Changqing Group replaces too many iron ore ships and the tonnage is too high, there is no way for us to digest them."
Xinpu Shipping Group has just started, and after merging several shipping businesses, its total assets are just over US$100 million. Even if the current international second-hand iron ore price has dropped sharply, it is not something that Xinpu Shipping Group has the ability to acquire now.
If Evergreen Group can replace one or two second-hand iron ore ships with hotels and real estate assets when hedging investment risks in Thailand, and then inject it into Xinpu Shipping Group through a joint venture, it can effectively expand Xinpu Shipping Group's assets and business. scale.
Of course, Shen Huai didn't want to lose control of Xinpu Shipping Group in the process, so according to the current price of large second-hand iron ore ships, at most two iron ore ships of 30,000 to 50,000 tons can be accepted here. old ship.
"This is indeed a great help in balancing the investment risks of the Evergreen Group in Southeast Asia, and the Evergreen Group is mainly balancing risks at the moment, and there is no desire to compete for control. You can rest assured," Sun Qishan nodded and said, " But your conditions can't be so low, right?"
"It's not a good habit to take advantage of the fire,"
Shen Huai said, "To make all the money, it also means to do the market to the death. My second cousin and I had personal unhappiness before, but it does not mean that the Evergreen Group's investment in Asia-Pacific may encounter serious problems. Loss, I have the ability to help the leader who chooses to gloat on the sidelines. If there are other conditions, I also hope to serve the interests of both parties as much as possible..."
"..." Sun Qishan nodded and said, "If you can think this way, it's great, it can also dispel some of the doubts of other people, and save me from being a human being caught in the middle~www.readwn.com~ Uncle Biao, you also said It is impossible for Evergreen Group to expand its investment scale in Asia Pacific in the near future. However, I think, what if Evergreen Group transfers production capacity? Is it feasible to transfer the production capacity in Southeast Asia and transfer it to Xinpulai? Economic accounts , I also calculated it, Thailand's per capita labor cost is four times that of Xinpu, and Malaysia's labor cost is higher. That is why, this is also an important reason for the decline in Thailand and Malaysia's exports of electronic products and clothing in recent years. Factors. We don't know how serious the economic crisis in Thailand will be, but from this point of view, it is also a sensible choice for Evergreen Group to transfer production capacity now. Evergreen Group has invested heavily in electronics factories in Thailand and Malaysia. If it is large, selling land and plant assets, acquiring equipment assets, and then transferring second-hand equipment to Xinpu to build a new factory should also be able to further hedge investment risks in Thailand.”
"Ho," Sun Qishan said with a smile, "you are forcing me to retire early!"
"I can only toss some waves in this small piece of land in Xinpu, and I still need you to grasp the big direction," Shen Huai said with a smile, "Xinpu still needs a large direct foreign exchange investment to boost Morale, otherwise the financial pressure will indeed be a little big."
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