Even when the stock index was at its lowest, Huamao still controlled hundreds of billions of assets. It could be said to be a behemoth in Xinhai and China. However, it was too concentrated on equity investments in the securities market, and most of them were short-term speculations.
Dong Chengpeng followed Ding Zhaoqiang for many years, and later became responsible for the management of Hexi Industrial Investment Fund. His personal professional abilities, personal connections, and the small team he formed by poaching people from Hexi mainly focused on the field of industrial investment.
He wants to gain a higher status and power within Huamao. Although it is directly related to Han Shaorong's trust in him, it essentially depends on how much role he can play in the development of Huamao.
From this point of view, he is more willing to promote Huamao's development direction and shift into the field of industrial investment.
For projects such as Cornero Marina New City, ports, and refineries, it is also possible to find a professional company for hosting operations in the future. However, not to mention that Tianyue and Fulkov Investment have found various shortcomings in finding hosting teams.
At the same time, it is also destined that Huamao's investment in this series of projects is financial in nature, and the equity will eventually be sold to realize profits at the appropriate time.
Dong Chengpeng hopes that Huamao will have greater ambitions in industrial development. On the one hand, he hopes that Han Shaorong can make a decision to acquire the remaining 21% of the port in Cornero Marina New City from Xintaihua Investment, which is controlled by creditors.
It is more inclined to reorganize new teams in the new city of Cornero Marina, the port, and the refinery to take charge of operations.
In this way, Huamao can get more deeply involved in the construction and operation of various projects, exert stronger influence, and thus lay a solid foundation for industrial investment overseas.
Brothers Lu Jiancheng and Lu Jianchao settled overseas, Taihua fell apart, and the listed company was renamed Tianyue Industrial. New Taihua Investment was taken over by a committee established by creditors. Except for a small number of the original senior management team, they were retained (mainly in chemical pipelines and
Xintaihua Chemical, which mainly produces pump equipment, was retained by Tianyue Industrial). After most of them were dismissed, they actually had nothing to do with the Lu brothers.
Escape from these people and return to Kanem, which can be said to be the most adaptable.
At this time, I heard that Huang Hebin was leading some people to contract a steel structure processing plant in Sierra Leone. Was it because he was dozing off and someone handed him a pillow?
Dong Chengpeng did not expect that Guo Jian had his thoughts in spreading the news.
Huamao is a behemoth, with hundreds of billions of assets under its control. As long as the supervisors and managers have a little control over the affairs, they can live a very comfortable life; and those in charge who directly control specific projects are intoxicated with music and music every night.
Guo Jian is in Huamao. As Han Shaorong's assistant, he is a mid-to-senior manager in the management class. A monthly salary of more than 30,000 yuan is considered good in Xinhai, but he has no authority. Don't say that he usually does private work or knows any project information. He follows him privately.
I made some money by buying Mouse Warehouse. I am not responsible, do not participate in specific projects, have no project commissions, and are no better than any ordinary member of the project team.
After learning from Yao Haiming that Huang Hebin was leading some people to return to Africa to contract steel structure processing plants, Guo Jian saw where his opportunity lay.
That is to push Huang Hebin to lead the team to continue to be responsible for the construction and operation of projects such as Cornero Marina New City. Only with his familiarity with Huang Hebin and others and related projects can he possibly replace Liang Yuan and represent Huamao Capital as the company for many projects.
directors, or directly represent Huamao Investment in these many projects.
The controlling rights of the New Taihua Refinery and the New Taihua Casino and Hotel have fallen into the hands of Fulkov Investment. Let’s not talk about the Cornero Marina New City and the port. No one has the controlling rights yet. China cannot be excluded.
There is a possibility that Mao will acquire a controlling stake in the future.
But thinking that he might not have the opportunity to replace Huang Hebin in taking over Cornero Marina New City or the port in the future, Guo Jian felt that it was worth planning for it.
Guo Jian had also realized a long time ago that the greatest value of Han Shaorong's bribery of him was to counterattack Taihua. After this effect was played out, his weight in Han Shaorong's eyes was really limited.
He didn't stupidly go directly to suggest anything to Han Shaorong, nor did he stupidly go to Huang Hebin to negotiate terms in private. Instead, he passed some information to the ears of Dong Chengpeng and Chen Xiaoping.
Han Shaorong was indeed able to follow the good advice during this period. After Dong Chengpeng suggested it, he asked Dong Chengpeng to talk to Huang Hebin. This time, he did not forget about Guo Jian. He also thought that Guo Jian and Huang Hebin were old people and asked Guo Jian to assist Dong Chengpeng.
Huang Hebin, of course, made it happen after just one negotiation, and then Huamao proposed this plan to Fulkov Investment, Tianyue and Xintaihua Investment controlled by creditors.
Even though Falkov Investment has a controlling stake in the New Taihua Refinery, and especially has the final decision-making power in selecting the operation team of the New Taihua Refinery, the corresponding supporting projects cannot be built. The New Taihua Refinery is the largest,
I don’t know how long it will take for the second-phase project with the most promising profit prospects to be officially put into production, so I have to compromise with Tianyue and Huamao.
Of course, Nitz Oppenheimer and Nsange were also familiar with the team led by Huang Hebin. In the end, it was Sturgeon Foster who contacted Cao Mo and persuaded Tianyue to "reluctantly" accept this plan.
Negotiations for the past two months were progressing smoothly after nearly two months of stalemate; in addition to the operation and management team, an agreement was quickly reached on how to divide and acquire the equity held by Xintaihua Investment.
The New Taihua Refinery was renamed as Fulkov Petrochemical Group. Fulkov Investment injected the assets of Atlantic United Petroleum Trading Company into it, expanding its shareholding to 60%. Tianyue's shareholding in Fulkov Petrochemical Group
It was reduced to 25%, and Huamao's shareholding was reduced to 15%.
Tianyue, Fulkov, and Huamao finally invested a total of US$40 million to acquire the shares of Conero Marina New City and Conero Lake Port from New Taihua Investment, and then combined Conero Marina New City and the port.
After the merger, the construction of the new port city of Cornero was restarted. Finally, Tianyue's shareholding in the new port city was adjusted to 35%, Huamao's shareholding was adjusted to 25%, Falkov Investment held 25%, and Draculamo Port
The group holds 15% of the shares.
Volkov Petrochemical Group and Cornero New Port City
New boards of directors were formed respectively, with Sturgeon Foster and Yang Deshan serving as chairman of the two group companies respectively.
The Furkov Petrochemical Group restarted construction in an all-round way as soon as possible, while the Port City of Cornero New City initially restarted the construction of projects related to the refinery, including operating working capital of 150 million.
U.S. dollar funds are provided by Atlantic Bank with low-interest loans.
Huang Hebin formed a new team based on the original Taihua technical management personnel and immediately returned to Draculamore to restore the workforce.
In addition to the corresponding annual salary, in order to achieve the promised operating performance in the next three years, the management team has the right to inject a total of 5% additional equity into the two groups based on the total valuation of US$500 million, and inject the necessary funds.
The main equity provides low-interest loans for a certain period of time in proportion.
In order to better supervise the new team and exert greater influence, Guo Jianze became Huamao's best candidate to join the boards of directors of these two companies. He was not only promoted to participate in the preliminary negotiations, but also rushed to follow Huang Hebin and others before New Year's Day.
Return to Draculamore together.
Falkov Investment holds 90% of the shares of the New Taihua Casino Hotel, and directly renamed the Falkov International Hotel to restart operations. However, before the completion of the New Port City, the Falkov International Hotel was too large and could not be used.
There may be enough customers.
Although there are a large number of Chinese businessmen overseas who are addicted to casinos, most of them are traders who think they can make money quickly and have relatively limited energy for their affairs.
Business owners who actually invest and build factories in New Port City, Conero Lake Industrial Park, and Processing Park not only have a harder time making money, but also take up too much energy in daily business management, and they are more self-controlled and self-disciplined.
Yan Zhicheng did not intend to directly take over the operation of the Fulkov International Hotel, but persuaded Nitz Oppenheimer and Sturgeon Foster to agree to hand over the casino license and the Lana Dredon Banquet Hall to them to restart the hotel.
Operations of Nadera Beach Casino.
The main customers attracted by Lana Del Rey Beach Casino are Chinese businessmen who transit through Draculamo or are engaged in trade, gold mining and other industries in Canem, such as Nitz Oppenheimer and Sturgeon Foster in Yan Zhicheng
, besides Yan Ming’s uncle and nephew, there is no one else who can take over this task.
…………
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Apart from a phone call with Yan Zhicheng and a private meeting with Huang Hebin, Cao Mo did not invest any more energy in the restart of projects such as Cornero New Port City and Fulkov Petrochemical Group.
Yang Deshan was also responsible for the specific negotiation matters. In the end, Yang Deshan represented Tianyue Industrial and Conero Lake Industrial Park and served as the chairman of Conero New Port City and the director of Fulkov Petrochemical Group.
From beginning to end, Cao Mo's concern for the restart of these two projects seemed to be limited to this.
The listed company changed its name to Tianyue Industrial and replaced its overseas assets. Cao Mo also had no intention of making profits by manipulating the stock price. After the suspension was ended and trading resumed, Tianyue Industrial symbolically increased by two daily limits, and its market value was
It fluctuates stably around 3 billion.
Chen Shu is in charge of Tianyue Industrial's domestic business, which focuses on the production of chemical pipelines and pump equipment. However, its development has been delayed in the past few years.
Now even if Cao Mo has allocated 20 million US dollars in working capital, this business is not the focus of Cao Mo's domestic development. At present, he can only think about returning to profitability as soon as possible. It is difficult to get back on the track of rapid development.
.
However, if Cornero Energy invests 50% of its equity in a listed company, it can only provide an annual profit of US$15 million to US$20 million.
Coupled with the uncertainty of overseas projects and Cao Mo's intention to manipulate the stock price, Tianyue Industrial's market value has no strong motivation to rise.
Guo Donghu, Chen Feng and others all wanted to integrate Cornero Food into Tianyue Industrial.
However, Cornero Food’s main assets are plantations that have been vigorously cultivated in the past two years and have not been profitable yet. In addition to these assets being located in West Africa, where the political situation is unstable, Cornero Food and Tianyue Industrial are currently the main assets.
There is little business relevance.
Tianyue Industrial has just carried out an overseas asset swap, and now it wants to integrate Cornero Food into a listed company through the issuance of new shares. There is no hope in the short term; Ge Jun does not recommend that Cao Mo do this.
attempt.
Of course, Guo Donghu and the others did not want Cornero Food to be integrated into the grain and oil division of Dongsheng Group. Cao Mo also understood their feelings. At the same time, the debt crisis of Dongsheng Real Estate had been completely resolved, so he agreed to shelve the matter for the time being.
Cao Mo stayed in China until New Year's Day. What he really focused on promoting during this period was the reconstruction of the supply chain of Huachen pickup trucks; for this reason, he did not hesitate to suspend the production of the existing production lines.
The problem with Huachen pickup trucks is that since Huachen Industrial introduced the pickup truck production line, in the early stages of promoting the localization of component parts and control systems, it overemphasized cost control. In addition to sacrificing some necessary performance, quality control was also done.
It's far from satisfactory.
Over the years, the domestic automobile industry has developed day by day. The quality of the same components and corresponding control systems has become higher and higher, and the cost has become lower and lower. However, Huachen Pickup has only two models. In addition to improvements in quality control,
In addition to being relatively stable, the performance has not been further improved, and the cost has not been reduced.
This is obviously not normal, and there must be huge gray profit margins behind it that are eaten up by relevant people.
Not to mention Xu Bin, Huang Yijiang and others, Cao Mo also knew the strangeness here.
In addition to the various problems that arise in large companies in the team of the original Huachen Pickup Division, the suppliers have various involvements with Huachen Industrial and even the top management of Huachen Group, and some suppliers are even brought in through the government level.
Cao Mo didn't want to settle old scores, nor did he want to drag Sun Weigang or Zhao Yiping out to kill the chickens and monkeys. After forcing Sun Weigang and others to bow their heads with a tough stance, Cao Mo took the lead personally, together with Xu Bin, Huang Yijiang, and Xiao Jun.
Clean up the supply chain one by one.
On the one hand, it is to contact new suppliers, and on the other hand, it is to negotiate with original suppliers.
Cao Mo does not necessarily have to replace all the original suppliers of Huachen pickup trucks.
In fact, if you want to resume production of existing pickup truck models as soon as possible, you still need to retain the original suppliers as much as possible.
After all, these suppliers are most familiar with the vehicle system of Huachen pickup trucks, and they also have the corresponding technical strength to track and coordinate the manufacturing of Huachen pickup trucks.
Even if Cao Mo wants to improve the technical specifications of corresponding components and use the original supplier's products, there will be no major conflicts in the system interface; some minor problems can also be easily solved.
Carry out new technology and quality assessments on the original suppliers. Except for a few suppliers who really cannot meet the standards and are kicked out, most suppliers are still retained. They just raise the standards for their supplies and at the same time, every supplier
In terms of the supply of various components, one or two new suppliers have joined the competition.
Of course, in this process, there are also those who are uncooperative; external suppliers will terminate the contract even if they pay liquidated damages, while internal managers and employees will also resolutely withdraw.
The workload was more complicated and arduous than imagined. It was not until New Year's Eve that the supply chain adjustments were sorted out. At this time, Cao Mo also recalled Gu Fan back to the country.
Although there are no modifications to the Huachen pickup truck and there are no new approval procedures to go through, this supply chain restructuring, the Huachen pickup truck is actually equivalent to a major systemic upgrade.
Necessary safety testing and optimization of the entire vehicle system are indispensable tasks.
Cao Mo asked the Carmaker's Laboratory to carry out these tasks at the same time as Tianyue Industry's internal testing center; especially the optimization of the vehicle system, the technical threshold is higher, and it must be left to the Carmaker's Laboratory to complete.
Cao Mo also asked the carmaker's laboratory to regularly optimize and improve the two existing pickup truck models.
The initial decision to acquire the assets of Huachen Pickup was quite hasty. Xu Bin and Huang Yijiang did not even really expect their plan to get Cao Mo's support. Before December, there were many details on how to digest the acquisition of Huachen Pickup.
, I didn’t think it through very thoroughly at the time.
However, Cao Mo did not focus on the country for a long time, and paid even less attention to Tianyue Industry at that time.
According to the original plan, considering that Tianyue Industry only has two pickup products sold in the domestic market at most, and it is destined to be unable to tear off the low-end car label in a short time, and domestic pickup sales are extremely limited, Xu Bin, Huang Yijiang, Xu Lizheng and others
They all believe that there is no need to spend too much money to establish a new sales and technical service system, and there is no need to spend additional costs on new brand marketing.
Therefore, in the formal acquisition agreement, both parties agreed to continue to use Huachen's sales channels for sales in China, while also continuing to use Huachen's trademark brand, and at most, register a new sub-brand under the Huachen trademark.
Before New Year's Day, many things have been thoroughly considered and matured.
In order to differentiate from Huachen Automobile, which was about to be abandoned by the market, Cao Mo finally decided to launch a new trademark and brand for pickup trucks and motorcycle products, and carry out a new brand promotion plan.
The domestic market demand is limited, so Cao Mo also decided to build his own sales channels in key cities first.
Cao Mo also requested a significant reduction in market sales expenses, cutting the sales expenses that previously accounted for 10% of sales to only 3%. This is destined to cause the pickup truck to lose domestic government public procurement orders and sales for a long time.
Performance will be even more disgraceful.
Xu Bin also delayed until New Year's Day to take out the new year's budget and put it on Cao Mo's desk.
"Relatively optimistic estimates, excluding car mechanics, Tianyue Industry is expected to suffer a loss of 300 million yuan in 2009 in order to initially implement your requirements. Of course, the upgraded Tianyue pickup truck will need to be launched in the second half of the year.
Put it on the market for sale before the end of the month, otherwise, for every month of delay, it is expected to suffer an additional loss of 20 to 30 million yuan..."
Xu Bin is not sure that Tianyue Pickup can complete the advantages and related testing work of the vehicle system in the next two months, nor is he sure that the supporting work such as new channel construction can be initially completed within two months. At this time, he is not sure
Tianyue Industrial's market performance in 2009 was completely uncertain.
"It is still too hasty to complete the financing for new car launches within two months. In 2009, I will allocate another 400 million to Tianyue Industry, and the time limit for new car launches will be relaxed to before July."
When Cao Mo saw the budget report, he didn't find anything surprising. Compared with relatively rough industries such as mineral mining, cement production, and food processing, he had actually personally participated in the integration of Huachen Pickup's assets in the past two months, and was deeply moved.
Feel the refinement requirements of the automotive industry.
Whether it is mineral mining or cement production, if something goes wrong occasionally, the negative impact on the market is actually quite limited. Automobile manufacturing is completely different. Cao Mo hopes to be better prepared.
Tianyue Industrial's foundation is too poor. He does not expect Tianyue Industrial to come up with products that will surprise the market all at once, but he hopes that Tianyue Industrial's products can withstand the test of the market and time.
He told Xu Bin,
"If everything goes well, maybe in the second half of the year we can also launch a modified pickup truck specifically for the African market, and the off-road vehicle may also be developed to the road test stage..."
Of course Xu Bin hopes to be more fully prepared, but he also knows that the longer the product is pushed to the market, the greater the financial pressure will be. He lamented: "There are more than 600 employees in the factory, but they have to eat and drink for free."
It’s the end of June!”
"It's impossible to eat and drink for free, and the landlords don't have enough food power to hand over to Sun Weigang, Zhao Yiping and the others, but the personnel power must be completely returned to the headquarters. And the existing employees and management members, training, engineering prototype vehicle manufacturing
, new channel construction, participating in field road tests in Africa, etc. You have to find a way to go through it all and strive to retire one-third of the staff before the end of June. The market sales in the next three years cannot be too optimistic. Cars
It is enough for the department to retain 400 employees. And the remaining personnel must be deployed wherever they are directed. They are not allowed to bargain with the headquarters, and they are required to fully keep up with the rhythm of the headquarters," Cao Mo said, "Of course
, this is by no means intended to reduce labor costs. However, the total expenses cannot be reduced. Even the reduced marketing expenses must be used to increase the salary of those who persist. We must strive to have all employees be employed before the end of June.
The salary of our staff has been increased by 50%. Only at this point can we talk about a real restart..."