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Text Chapter 985 Aftertaste

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    It was already midnight when we turned out of the alleyway of the provincial party committee family compound.  When Cao Zhengjiang came out of Xu Pei's house by car, he was a moment behind Li Gu, Shen Huai and others. When the car drove onto Yanjing Road, Shen Huai and Li Gu could no longer be seen.

    After Cao Zhengjiang dialed Zhao Moshi's phone, he asked the driver to stop at the intersection and let him down, and asked the driver to take Zheng Yongjin back first. After a while, a black Mercedes-Benz drove over from Ninghai Road in the west and stopped at the intersection. Cao Zhengjiang saw Zhao Moshi  After sitting in the car, I opened the door and got in the car.

    "" Cao Zhengjiang told Zhao Moshi the details of tonight's conversation. Zhao Moshi frowned and looked at the dim light of the street lights outside the car window. After all, it is resources. If Pucheng Group can spend one billion, it will not  As for there being no room for resistance.

    Although Shen Huai used Dongjiang Refining to issue one billion convertible bonds, if no other institution participated in the subscription, the Meishan Iron and Steel Department would naturally take over the one billion convertible bonds. This is what Shen Huai, as the deputy director of the State-owned Assets Office, does  The biggest reason to be able to ignore the opinions of Jiang Yibin and others and decide the fate of Yuanye Automobile Industry Group is to take over everything.

    Pucheng Group cannot afford one billion, and even plans to invest only 200 million in the car project to test the market.  This absolute gap in strength really made Pu Cheng's defeat unjust.

    Both Xu Pei and Li Gu still have the word "generation" in front of their positions. If they want to safely erase the word "generation" at the provincial and municipal people's congress meetings in early April, they also need an inspiring plan.  Come on stage to boost morale.

    "That's pretty much it. Governor Xu still hopes that Pucheng Group can participate." Cao Zhengjiang said.

    Zhao Moshi also felt a little bitter in his heart. Shen Huai used Dongjiang Jinghua to issue 1 billion convertible bonds. Although Pucheng Group could also participate in the subscription, it was useless at this time.

    As a type of corporate bond, convertible bonds have the right to be converted into equity at an agreed price. Sometimes the issuance interest rate is lower than ordinary corporate bonds and bank interest rates.

    Pucheng Group¡¯s funds are also quite tight. Even if the 200 million planned for the car project is used to subscribe for convertible bonds, it will have little influence on the newly established car company.

    If you don¡¯t exercise the equity transfer and recover the principal and interest when due, compared with the bank lending interest rate, Pucheng Group will lose a lot of money in vain.

    And even if the purchase of this convertible bond is converted into a shareholding in Dongjiang Precision Chemical within the agreed period in the future, the shareholding ratio is far inferior to that of the Meishan Steel Group - not to mention that Dongjiang Precision Chemical is not directly  Instead of holding a controlling stake in the newly established automobile company, the company will participate in the development and construction of the new automobile enterprise together with the Liu Jizhou family, the Provincial State-owned Assets Office and the Panyuan Township Government.

    Pucheng Group has invested 200 million yuan. After being divided between these two tiers, the remaining influence can be said to be better than nothing and can only be regarded as an ordinary financial investment.

    Although the prospects of this financial investment are quite promising, Pucheng Group does not lack new businesses that it can directly control and has promising prospects.  With funds so tight, why bother leaving so much money to others to spend?

    It¡¯s not enough if the Pucheng Group doesn¡¯t pay a penny. What will Xu Pei think? In Xu Pei¡¯s eyes, aren¡¯t the previous actions simply to use his influence to take advantage?

    "Pucheng Group is also duty-bound to support the development of the province's automobile industry. No matter how tight the funds are, it can still come up with 100 million." Even if he wants to become the in-laws of his children, Zhao Moshi still has to speak as high-sounding as possible in front of Cao Zhengjiang, and  Knowing that Xu Pei can't get anything less than 100 million, and also knowing that Xu Pei wants Pu Cheng to participate, it is still necessary to limit the influence of the Mei Gang system from expanding too fast. A gentleman's revenge is never too late in ten years, even if it is  For this reason, he could not completely cut off contact with the newly established joint venture car company, and said, "I also know some investors who are interested in investing in the domestic car market, and I can do their work - Xu  The governor should welcome it, right?"

    Cao Zhengjiang nodded. There were some words that didn¡¯t need to be said explicitly. He could figure out Xu Pei¡¯s thoughts.  One billion convertible bonds, Pucheng subscribed for 100 million, and Pucheng recruited a few more companies. However, if he found a few companies from Junan and other places to participate in the subscription, he could still limit the reach of the Meishan Iron and Steel Department from stretching too far.  .

    ***************************

    Saying goodbye to Li Gu at the intersection, Shen Huai asked Xu Jian to go back and rest first. He got into Song Hongjun's car who had been waiting for news until midnight; Sun Qiyi, who had just arrived in Xucheng in the past few days, was also in Song Hongjun's car.

    "Why not directly engage in private placement?" Sun Qiyi had just listened to Song Hongjun's introduction in the car about the asset restructuring of Dongshi and Yuanye. He still had some doubts about Shen Huai's plan. "Issuing convertible bonds is not about issuing convertible bonds.  Is this one more trouble? Or do you mean that you don¡¯t have full confidence in the success of Dongshi¡¯s reorganization of Yuanye Car Factory?¡±

    "You need full confidence"What to do?  "Shen Huai said with a smile, "If you do everything with a 100% certainty, then even a pig can make a choice - in fact, if you can have a 60-70% chance of doing anything, it is worth working for, you say so.  no?  "

    ¡°¡­¡± Sun Qiyi still couldn¡¯t fully understand.

    Although the investments on behalf of Evergreen Group in the mainland were unsatisfactory in the past few years, Sun Qiyi, as the main person in charge of the Asia-Pacific region of Evergreen Group, has been rooted in Hong Kong for nearly 20 years, and his influence among the Chinese businessmen in Hong Kong is not as complete as Song Hongjun's now.  Can catch up.

    If Meishan Steel and Huaihai want to further develop, lack of funds is still the top problem to overcome.  The Dongjiang Power Station has started the construction of the Qingfeng Hangkou Power Plant and the second-level large-scale cascade hydropower station in the upper reaches of Jiangzhu. It has also started the construction of two Pengyue New Towns in Zhunan and Xiapu. These four projects alone will require tens of billions of investment in this year and next.

    In addition, we have to participate in projects such as the double-track reconstruction of the Xudong Railway. The Meishan Iron and Steel Department has been described as a money-grabbing machine by the outside world, but the funds are still being used with a tight fist.

    And the development of Yexin Bank cannot stop and wait for Meishan Iron and Steel to have sufficient funds before expanding. This year, it plans to issue another 10 billion convertible bonds to increase the capital reserve ratio.

    If the Meishan Steel Department subscribes on a proportional basis, it will have to spend more than one billion.

    Shen Huai and Song Hongjun discussed that in order to avoid too much pressure on the capital chain, they decided to give up the convertible bond subscription of Yexin Bank first. This also meant that the Meishan Iron and Steel Group's shareholding in Yexin Bank might be possible in the future.  will be diluted by a large proportion.

    Regardless of whether we have happily cooperated in the past two or three years on specific projects such as Hongji Evergreen and the overall eastward shift of Evergreen Group¡¯s investment strategy, we still hope that Sun Qiyi can exert his influence and influence more Hong Kong Chinese business capital to enter Huaihai and the Meishan Steel System.  , Shen Huai and Song Hongjun are also very close to Sun Qiyi, and no one will mention the old grudges again.

    "We are launching private placements now, and Governor Xu Pei will try his best to get as many companies to actively participate. In the conversation with me just now, he also made it clear that he hopes Pucheng Group will continue to participate. The quota of one billion yuan,  Whether it is private placement or issuance of convertible bonds, if it is shared among so many companies, we will not be able to account for many cases. Now that I am pushing this matter hard, I cannot openly seize the benefits," Shen Huai said with a smile,  "The existing car assembly lines in the province mainly produce A-class compact cars; this injection of one billion funds is only enough to integrate and upgrade the passenger car and parts production lines of Dongshi and Yuanye. There will be more  Qian Dingtian will build another car research center; in the future, a large amount of funds will be injected for the expansion of A-class cars and the production and research and development of B-class cars. The first issuance of convertible bonds, Governor Xu Pei can pull some  When companies participate in subscriptions, we won¡¯t account for a large proportion. But for the second and third issuance of convertible bonds, do you think these companies will continue to join the market? If they hesitate, then we will have a large proportion.  Opportunity. If the private placement is carried out for the first time, then the companies participating in the first time will all be shareholders of Dongjiang Refining. They are unwilling or unable to participate in the second and third convertible bonds or private placements, and they do not want to  If their equity is diluted, they will unite to veto"

    Sun Qiyi smiled slightly, thinking that it was not unjust for so many people to fall into the hands of this kid. This time he clearly had the upper hand, but he was still careful to leave so many aftertaste in the plan.  He asked, "Dongshi already has plans to launch a mid-size car project?"

    "Liu Jizhou is still very capable and ambitious," Shen Huai said, "Uncle Sun, since you are going to stay in Xucheng for a few more days this time, you might as well have more contact with Liu Jizhou"

    Sun Qiyi should be said to be Shen Huai's cousin according to his seniority, but his cousin is a bit far away. Shen Huai is still used to calling him uncle along with Sun Yalin, which makes him feel a little vain.

    Western Europe is the most developed country in the world's automobile industry. In addition to many world-renowned companies such as BMW, Rolls-Royce, MINI, Volkswagen, Audi, Bugatti, Bentley, Lamborghini, Porsche, Peugeot, Citro?n, Renault, Fiat, Ferrari, Maserati, etc.  In addition to automobile brands, there are also a large number of second-tier automobile manufacturers struggling on the edge of life and death.

    The asset merger and reorganization of Dongshi and Yuanye is only the first step in the rise of Huaihai's automobile industry. It can even be said that the domestic automobile industry has only taken its first step.

    After the merger of Dongshi and Yuanye Assets, it can only produce the most basic A-class compact cars with low technical content and low capital investment. The situation of many domestic automobile manufacturers is similar. It can be said that they are on the eve of their rise, but  There is no doubt about the broad prospects for future development.

    In the future, whether the European and American automobile industries take the initiative to move domestically, or whether domestic automobile manufacturers actively go out to find partners and inherit European and American technology and production management systems, it is still only the first step. At this time, Evergreen Group is activelyEntering it, you can get a piece of delicious cake.
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