-
Add Bookmark | Recommend this book | Back to the book page | My bookshelf | Mobile Reading
Free Web Novel,Novel online - All in oicq.net -> Romance -> Looking back at 1991 Chapter 574 Catfish Effect
Previous page Return to Catalog Next page
- You can search "Looking Back 1991" in Baidu to find the latest chapter!
Since this period of time, the Royal Family Fund and the Mitsui Consortium have carried out several rounds of deepening cooperation. The two parties have formed a series of joint venture companies, forming an alliance structure in which you have me and you have stakes.
Home appliance brands such as Sony, Toshiba, Panasonic, and nec under the Mitsui consortium have set up export production bases in China to reduce production costs. At the same time, they successively resorted to the trump card of price reduction and promotion, and strive to expand the market share in the high-end field of the international market. The effect is considerable. good.
Squeezed by the upstream and downstream manufacturers of Chinese and Japanese home appliances, Samsung, LG and other Korean home appliance manufacturers have been completely distressed, their market share has been eroded by a large part, and their profit margins have plummeted.
Early 2005
Mitsui consortium's Toshiba flash memory business was sold to Atlantic Jinko Group, and acquired a 6.3% stake in the other party through a share swap transaction. Since then, it has become Atlantic Jinko's second largest shareholder and can enjoy the huge profits of leading companies in the memory chip field.
? At the same time, the cooperation projects between the two parties continue to
Wang Yaocheng is like a hard-working spider, constantly intertwining the interests of the royal family fund and the Mitsui consortium, becoming intricate and inextricable.
Witnessing Wang Yaocheng's great courage and brilliant success in the Australian fmg resources company project, Mitsui Gaochang is also willing to carry out a deeper binding with the Royal Family Fund to promote in-depth cooperation between the two consortiums.
The fmg resource company rose like a rocket and became a myth in the mineral resource industry.
The value has soared from 18 million Australian dollars in 2003 to about 50 billion Australian dollars at the end of 2005, and the value has increased by 2770 times. The ugly duckling has become a golden phoenix.
How did all this come about?
At the beginning of 2003, Forrester acquired 47% of the shares of Allied Mining Processing, a company listed on the Australian Stock Exchange, for 8.4 million Australian dollars, and changed its name to fmg on July 19, 2003, with a value of 18 million Australian dollars at this time.
Frist raised hundreds of millions of Australian dollars through mortgage loans and financing to purchase more mining rights, and surveyed 1 billion tons of iron ore reserves in the Pilbara region, prompting the company's rebirth from nirvana.
According to the price of Royal Family Fund's acquisition of fmg, the purchase of 47% of Forrest's equity cost 974 million Australian dollars, and the value of fmg before delisting was 1.77 billion Australian dollars, and the company officially entered the delisting and reorganization process.
Soon after, the 2.0 version of fmg Mineral Resources Company, which integrated seven large and medium-sized mines, made its debut. The royal family fund invested 8 billion Australian dollars and fully launched the 150 million-ton production capacity plan.
The value of the 2.0 version fmg resources company has risen rapidly to about 15 billion Australian dollars, and with the influence of the good news of the rising international iron ore price and the rapid progress of the project, the value has continued to increase.
Followed by the Mitsui consortium and Huaxia Steel Enterprise's shareholding, and the end of the long-term agreement price negotiation in 2006, the value evaluation of fmg resources company was further pushed up, reaching an astonishing valuation of 50 billion Australian dollars, which is equivalent to about 23 billion U.S. dollars.
As a traditional resource enterprise, the valuation of fmg resources company has little value, and there is no room for imagination. Instead, it grows with the growth of overall strength and profitability.
Even so, it can be said that he is the most handsome boy in the field of mineral resources, attracting everyone's attention.
Everything that happened in Australia established the Mitsui Consortium's affirmation of Wang Yaocheng's genius business ability, and further deepened the cooperation and trust between the two parties.
Since this time;
The various application chips used by the Mitsui consortium, including Toyota Motor, Sony, Toshiba, Panasonic, nec and other brands, fully adopt the troika products of the royal family fund, and the industrial chain is fully integrated to form a stronger competitiveness through mutual promotion.
HSBC and Sumitomo Mitsui Bank implemented a share swap transaction. HSBC paid 3.31% of the shares and obtained 10% of the shares of Sumitomo Mitsui Bank. They are each other's second largest shareholder, which is conducive to the deep financial cooperation between the two banks.
The Sino-Japanese joint venture Yangzijiang Shipyard in Jiangsu province has received large orders, especially from Swire Shipping for 22 300,000-ton iron ore carriers, 10 150,000-ton Cape-class dry bulk carriers, and 12 11,000 TEUs For container ships, there are orders for large oil tankers, natural gas carriers and 300,000-ton iron ore carriers from the Mitsui consortium.
This shipbuilding company applied the rich shipbuilding experience of Mitsui Shipbuilding, coupled with the abundant skilled shipbuilders in the country, backed by two fathers whose legs are thicker than others, and embarked on a counterattack shortly after its establishment. the road.
There are some things that I really can't envy.
In addition, the Royal Family Fund acquired 19.2% of Toyota Motor's shares in the market through 21 rounds of holdings at a cost of 27.7 billion U.S. dollars, ranking the second largest shareholder, and its ultimate goal is to obtain 20% of the shares.
? The Mitsui consortium spent 9.2 billion Australian dollars to acquire the Australian fmp; The potential threat of only listening to the sound of the stairs but not seeing people coming down has now become a fact.
The original plan to start production in the fourth quarter of 2006 has been advanced. For the three major mines, this is really bad news.
According to the huge volume of 150 million tons of fmg resources company, it will definitely become the fourth largest player after the three major mines. It has a considerable influence in the field of iron ore production, and no one can ignore him.
Over the past two years
Vale quickly increased production from 140 million tons to 270 million tons, Billiton increased production from 124 million tons to 220 million tons, and BHP Billiton increased production from 95 million tons to 176 million tons, showing that the three major mines have strong potential for increasing production.
This shows that the international market does not lack iron ore resources at all, nor does it lack the ability to grow rapidly.
?Maintaining the current situation is in the interests of the three parties. The three companies have joined forces to maintain the iron ore supply in short supply, and they have made a lot of money.
It's a pity that catfish were put into the fish pond, which stirred up a river of spring and the water was no longer calm.
Only two days later, the 2006 "long-term agreement" benchmark price was newly released. The three major mines made substantial concessions and showed the greatest sincerity. The 35% price increase plan was almost halved from the previous 71% plan, and finally won unanimous agreement of all negotiating parties.
When the news reached Hong Kong, Wang Yaocheng couldn't restrain his overwhelming sense of accomplishment, so he dragged his friends Qi Yafei, Shi Xueyi and others to the hotel to get drunk.
This is the first time since Wang Yaocheng was reborn that he got drunk, and at the same time he turned over a table of drinking buddies, which can be called an unprecedented event. (Remember the site URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
- Previous pageCatalogNext page