No one can deny that there is still great uncertainty in Kanem's political economy, and a price-to-earnings ratio of five times is not considered low.
However, the political and economic situation in Canem was unstable. Cao Mo did not promise an average annual profit guarantee of 30 million US dollars. He only promised that Cornero Energy's total installed capacity of hydropower and natural gas power generation would reach 120,000 US dollars within three years.
kilowatts and maintain stable operations.
If he had to make a commitment to Cornero Energy's profits in the next five years, Cao Mo would only agree to do the accounting in Naira, Kanem's local currency, rather than in U.S. dollars - he had no intention of bearing the consequences of changes in Kanem's political and economic situation.
Risk of exchange rate losses resulting.
He has been studying this area during this period of time.
He hoarded his abundant funds in the form of accounts payable in the account of Cornero Trading Co., Ltd. One of the most important reasons was to prevent the risk of exchange rate losses.
How could he ignore this "trap"?
Perhaps Ding Zhaoqiang originally calculated his profit expectations in US dollars just to facilitate calculations. When Cao Mo proposed to promise profits in Naira, the local currency of Kanem, he didn't insist on anything.
Ding Zhaoqiang hung up the phone, and Shen Ji introduced Cao Mo to Dongsheng's private equity investment fund called Hexi.
Hexi Fund is a private equity investment fund directly controlled by the group. The funds raised are mainly from the Ding family and the two partners who originally followed Ding Sheng in starting a business and have now retreated behind the scenes. They have used their investment in other industries over the years to
Profit and income from reduction of shares held in listed companies.
Hexi Fund is currently a private equity investment fund with a total assets of RMB 5 billion. It invests in finance, real estate, technology and other projects. It is the second largest wealth asset controlled by the Ding family outside of listed companies. It can also
It is said to be Dongsheng’s fourth largest business division after real estate, building materials, grain and oil.
However, the office of Hexi Fund is not in Dongsheng Building, and Dongsheng rarely publicizes its existence. Ordinary employees are not very clear about what is going on. They only know that the Ding family also has huge investment assets in addition to listed companies.
Cornero Energy has only been established for a short period of time, and its main business has not yet stabilized, making it unable to meet the requirements for direct acquisition by a listed company.
In Hexi Fund, the actual proportion of equity controlled by the Ding family is much higher than the shareholding in listed companies. Therefore, the Ding family is more willing to intervene in investment projects with greater potential and prospects in the name of Hexi Fund.
Of course, Cao Mo didn't care about the specific circumstances under which the Ding family intervened. Speaking of Stari's situation: "Stari was able to personally invest four million US dollars in the construction of the Gray Crow River Ladder Hydropower Station.
The key to the construction of the new transmission network in the later stage is also to avoid the leakage of some information, which may arouse the vigilance of the Jidam family. The Gray Crow River Ladder Hydropower Station has not been integrated into Cornero Energy for the time being..."
The total installed capacity of the second and third ladder hydropower stations in Gray Crow River is only 3,000 kilowatts. It will not be possible to merge them into Conero Energy after a period of time.
What impact will it have on the overall situation?
Cao Mo called Abacha and Ochosan to inform him of the results of his return to China and his meeting with Ding Zhaoqiang.
Cao Mo still wants to retain 30% of the shares. Yang Deshan's personal shareholdings are not disclosed, but since he also serves as the president of Cornero Energy, he certainly cannot reduce his personal shareholdings to cash out.
After calculation, Dongsheng's acquisition still lacked 2% of the shares, and Cao Mo suggested that Abacha reduce his shareholding to 10%.
Of course, Abacha would not be unhappy if he could cash out US$3 million in cash by reducing his 2% stake.
After talking about things, Shen Ji left first. He had actually worked much harder than Cao Mo in the past two days.
"Wow, it's so easy to make money in China, isn't it?" After Shen Ji left, Stali sighed in shock, "After the transaction is completed, you will have 45 million US dollars in cash?"
The Tubman family was prosperous in the early years, but at its peak, it only had assets of 20 to 30 million US dollars. Unexpectedly, Cao Mo could cash out so much cash by just selling 30% of Cornero Energy's shares.
A year ago, she wouldn't have dared to think about it.
"What's the matter, are you greedy?" Cao Mo asked with a smile.
"What's the use of my greed?" Stari rolled her eyes at Cao Mo.
"I'll give you five million dollars, do you want it?" Cao Mo asked.
"Giving it to me for free, you don't have any plans for me?" Stari stared at Cao Mo warily.
"Of course there is some intention!" Cao Mo said with a sly smile.
"You can't beat me." Starlie said disdainfully.
When we were able to win over the Blake, Oppenheimer, and Rupert families to form Sika Aidet Grid Company to build a new transmission grid, we cannot ignore the crucial role that Starry played in investing $4 million to participate in the construction of the Gray Crow River Terrace Hydropower Station. the promotion effect.
Without all of this, there would be no layout for Cornero Energy.
The valuation of Cornero Energy is relatively high, and the most important thing is to monopolize the power development upstream of the new transmission grid.
At present, Cao Mo has not merged the second and third ladder hydropower stations of Gray Crow River into Cornero Energy for the sake of confidentiality, but the value of the two small hydropower stations in isolation is limited. If Cao Mo does not provide additional compensation to Stari , it's unfair to Starlie.
"Are you really so generous?!" Stari happily hugged Cao Mo, kissed his cheek, and said to Song Yuqing, "This is a grateful kiss, and I won't let this scumbag take more of me. It’s cheap, don’t be too stingy!”
"I don't even have a problem with you dragging him back to sleep with you!" Song Yuqing patted her forehead and asked Cao Mo, "After the transaction is completed, what will you do with so much cash in your hand?"
"Who would have thought that such a deal would suddenly be involved? Let's start with Lohas for two days. Once the deal is completed and the funds are in hand, we can then think about other things!" Cao Mo drank his beer and expressed that he didn't want to think too much about it now. Complicated things.
"Do you want to cash out some funds?" Cao Mo asked Song Yuqing.
"No, I can't explain it to my family," Song Yuqing said
He shook his head and said, "The salary I get from Dongsheng is enough for my mother's medical treatment..."
"I thought you would just resign from Dongsheng," Cao Mo said. "I want to start formal work on Chen Feng, and acquire Chen Feng and Bao Chengdu - you have to take care of your mother in China, and you won't be able to come back for a while. Kanem, you can take charge of this..."
songs The problem shouldn't be too serious."
Currently, Cao Mo has registered trading companies in Xinhai and Dracula Motor.
Draculamo's trading company took part of the profits from his cement production in the form of loans, and these funds were used to purchase some of the cocoa butter, cocoa powder and other products produced by Cornero Food Company.
In this way, the accounts of Cornero Food Company will not be confused, and cocoa butter and cocoa powder are exported to the country, and the payment will be directly retained in the accounts payable of the domestic trading company, thus successfully realizing profits.
transfer - and as payment for goods payable in foreign trade, this fund can be converted into U.S. dollars at any time.
For more than four months, Chen Feng and his people have been responsible for promoting cocoa butter and cocoa powder in China. In March, the import trade volume reached 6 million, which can be regarded as an initial opening.
In addition to the retained payment for goods (transferred funds), the import trade of cocoa butter and cocoa powder is very profitable, with a gross profit of almost 3.40%.
Cornero Food Company is limited by manpower, technical level and the scale of local raw material supply in Longta. It is difficult to expand further in a short period of time. However, as long as it continues to explore the domestic market, Cao Mo cannot acquire more in Canem.
Cocoa powder and cocoa butter are imported and sold domestically.
He also wants to invest in, build or directly acquire a cocoa butter food processing plant in Xinhai, and import cocoa beans back to China for processing and sale.
In this way, he can gradually establish an industrial foundation in the country.
The total investment in the first and second phases of Cornero's new cement plant is US$17 million, which consumes a lot of cash flow from Cao Mo. Currently, he only has less than US$6 million in cash left.
He was originally not in a hurry to build a factory in China or directly acquire a cocoa butter processing company in the first half of the year, but this time Dongsheng stepped in and he felt that this plan could be implemented ahead of schedule.
Cao Mo still wants to focus on Kanem for the time being.
After working with Chen Feng for some time, Cao Mo felt that Chen Feng's ability and temperament were quite in line with his requirements. Even though he was forced into a completely unfamiliar food trading field, he adapted very quickly, so he wanted to hand over all these things.
Let Chen Feng do it.
Of course, if he really wants to make such a layout, Chen Feng needs to completely break away from the original business of Baocheng Accounting Firm and formally accept Cao Mo's employment.
Cao Mo first sent Song Yuqing back to the hospital, and then took a taxi back to Tianzifang with Stari...