Dong Chengpeng does not think that the Evans Foundation will take over Huamao’s shareholding in Fulkov Petrochemical.
Huamao's shareholding ratio in Fulkov Petrochemical is too low and is about to be diluted to 3.75%.
Except for Huamao, the other investors are die-hards from the Tianyue family, and it is impossible to join forces with them to form checks and balances on the actual controller.
Why did the Evans Foundation take over the shares at such a high and low price?
However, since Han Shaorong gave the order, Dong Chengpeng naturally had to follow his instructions and notify Ryan Fortis, and Ryan Fortis rushed over to see the fax of the negotiation letter, presumably to confirm that Tianyue and Langhua were currently
Are the details of the cooperation in progress?
Dong Chengpeng still showed the fax of the negotiation letter to Ryan Fortis, which proved that the cooperation between Tianyue and Langhua was quite in-depth. At the same time, he also wanted to know the Evans Foundation's actions regarding Tianyue in Quekotos.
Have you been paying attention, but in the end you didn’t directly ask about such a sensitive topic.
"Why not consider Xihai Steel to take over this share?" Liang Yuan asked, not wanting to see Huamao withdraw from Fulkov Petrochemical at this time.
"This is Mr. Han's decision. I don't know exactly what Mr. Han thinks," Dong Chengpeng said.
In Dong Chengpeng's view, if Huamao is unwilling to hold it directly, it would be a good choice for Xihai Steel to take over the shares.
Huamao sold its shares to Xihai Iron and Steel, which seems to be a left-hand change. However, Huamao can recoup its early investment and isolate the risks in Xihai Iron and Steel. This is also in line with Huamao's investment business in Africa being placed in Xihai Iron and Steel.
At the same time, it can retain a certain degree of influence over the Furkov Petrochemical and Crude Oil Terminals, Cornero New Port City, etc., and keep an eye on Tianyue's every move in the Gulf of Guinea.
Dong Chengpeng thought of this afterward and called Chen Xiaoping to try to persuade Han Shaorong again. However, Chen Xiaoping said that Dong Chengpeng would save trouble, indicating that the biggest room for change in Han Shaorong's decision this time was for the Evans Foundation to take over the relevant shares. Huamao was the
Definitely have to withdraw.
Chen Xiaoping is the most considerate person around Han Shaorong. He has said so. Naturally, Dong Chengpeng will not find trouble in front of Han Shaorong again.
"I'll call Mr. Han directly..." Liang Yuan didn't trust Dong Chengpeng, so he took out his cell phone and wanted to call Han Shaorong directly.
Dong Chengpeng naturally had no reason to stop Liang Yuan, but he didn't think there was anything unusual about Liang Yuan before. Now when he looked at Liang Yuan, he felt a little confused.
Although no one is very willing to see Huamao withdraw from Fulkov Petrochemical, Huamao's shareholding has been reduced to such a low level that it is of little significance to continue to spend it.
If the number of board members is limited to eleven people, a 3.75% shareholding will not even have the right to nominate directors.
Dong Chengpeng also felt that it would be a wise choice to withdraw and invest funds in the construction of the Bosso-Catro Steel Industrial Complex or other projects, but he did not expect that Liang Yuan's reaction would be much stronger than he imagined.
The room was very quiet. Dong Chengpeng watched calmly as Liang Yuan dialed Han Shaorong's phone number. Han Shaorong had already fallen asleep in Paris. It could be heard from his voice that he was not very impatient with Liang Yuan's call and he rejected Liang Yuan's call simply.
Regarding Xihai Steel’s proposal to take over this shareholding.
Liang Yuan hung up the phone and looked at Ryan Fortis in frustration. Of course, he also felt that the possibility of the Evans Foundation taking over this shareholding was slim.
Even the right to nominate directors will be lost, so why take over this shareholding?
Does the Evans Foundation have more cash than it can use?
…………
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Cao Mo stayed in Paris for a few more days. In addition to another contact with the senior management of Langhua Petroleum, he mainly met with Ye Bochu's daughter, son-in-law and their lawyers to negotiate the acquisition of the Windsorton Apartment Building.
The Windsorton Apartment Building is located on the most prosperous Rue Chalon in the East District of Paris. It has been built for 70 years and was completely renovated in 1998. Except for the decoration of some rooms that need to be renovated, there are not many shortcomings.
The Windsorton Apartment has a total of 80 suites, and the price of 50 million euros is not considered high. Commercial housing in the most prosperous areas of Xinhai has far exceeded this price.
Since the beginning of this year, with the strong growth of the domestic economy, strong demand for commodities has once again stimulated strong demand for commodities. Although international crude oil has not returned to the crazy levels in the first half of 2008, Brent crude oil futures have stabilized at more than 80 US dollars per barrel.
It is also an all-time high; more importantly, the international gold futures price will also stand firmly above US$1,300 per ounce in the second half of the year, with a further upward trend.
The Evans Foundation teamed up with the Savvy family to secretly seize the rights and interests of the Wusang River Copper and Gold Mine, and Cao Mo forced the suspension of the construction of the second mine of the Wusang River Copper and Gold Mine.
However, in order to combat the negative impact of this incident on Ibogu Mining, Cao Mo instead strengthened the acquisition and construction of gold mines and exploration areas in Ibogu Mining in Kanem, Benin, Segal Leone and other places; Oguta's
The refinery will also be completed and put into use before the second half of the year.
At present, Ibogu Mining's indicators in terms of gold resource reserves, gold mining and refining have all exceeded Xinhai Gold's gold business.
Due to Africa's special tax structure, which is extremely favorable to resource companies, Ibogu Mining's monthly profit was stable at over 80 million US dollars by September.
As crude oil prices and output scale steadily increase, the economies of countries along the Gulf of Guinea have gradually emerged from the shadow of the subprime mortgage crisis.
Through new factories and mergers and acquisitions, the West African United Cement Group's annual finished cement production capacity along the Gulf of Guinea Coastal Economic Corridor has successfully exceeded 16 million tons by the end of September. In addition, there are 4 million tons under construction or acquisition negotiations.
middle.
Although the West African United Cement Group has achieved a considerable monopoly in the building materials market in the countries along the Gulf of Guinea, it has not significantly increased its selling price due to the recovery of market demand. It has even more strictly controlled the market selling price of ordinary finished cement within a certain limit.
Between $130 and $150 per ton.
Adopting such a strategy is, on the one hand, to inhibit competitors from entering the market, and on the other hand, it is also to avoid domestic public criticism of West African United Cement Group's monopoly on the market. However, stable market demand also ensures that West African United Cement's monthly profits will remain stable.
At over US$70 million, investors are not unhappy.
Even though Bank Atlantic, Cornero Energy, Tianyue Industrial, and West African Agricultural Group are all in the period of business expansion and cannot contribute huge profits in a short period of time, although Cao Mo's shareholding in these two cash cows has gradually dropped to 70%,
30%. At the same time, the use and allocation of funds will be more standardized. They will not be randomly transferred into accounts that are not directly related to Cao Mo's words. However, even if strict financial regulations are followed, only 40% of the profits will be used.
In terms of dividends, Tianyue Investment’s overseas accounts can also receive nearly US$40 million in dividends from these two companies every month.
At present, none of the major companies have urgent capital needs, and Ibogu Mining and West Africa United Cement have also reserved 60% of their huge profits for possible subsequent capital expenditures. Therefore, Cao Mo has no other place to go for the funds he has received.
At this time, spending 50 million euros to buy an apartment building in Paris for Song Yuqing can be considered a diversified investment.
On the eve of Cao Mo's departure from Paris, Huamao formally requested its controlling shareholder, Fulkov Investment Co., Ltd., to repurchase their shares in Fulkov Petrochemical.
Of course, Han Shaorong would definitely not want Han Shuyun to get involved again, so it was Dong Chengpeng who, on behalf of Huamao, formally submitted the relevant notification letter to Sturgeon in Draculamore. After all, Sturgeon was the founder of Fulkov Investment Co., Ltd.
The nominal chairman of the company.
Cao Mo thought that the shares that Huamao had withdrawn would be taken over by the Stanning family and investors from West African United Cement such as Bertich. He and Sturgeon could even take this opportunity to transfer part of the shares to ensure that everyone
interests are further tied up in the Ferkov Petrochemical Group.
Since Huamao chose to withdraw and negotiate directly with Sturgeon, Cao Mo left all subsequent matters to Sturgeon.
…………
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The Oppenheimer family's manor in the northern suburbs of Draculamore welcomed a long-awaited guest at dusk at the end of October.
Sturgeon Foster got out of the car and looked up at several tall jacaranda trees planted in the small square of the main building. Their slanting branches cut the blue sky into pieces.
Nsanger and his father Nitz Oppenheimer stood on the steps in front of the main building, their faces a little gloomy.
They had already heard the news about the merger of Furkov Petrochemical and Furkov Oilfield Services, the acceptance of capital injection from Langhua Petrochemical, and the withdrawal of Huamao from Furkov Petrochemical.
However, neither Sturgeon, Huang Hebin or Brahm have contacted them during this period, so they don't know what the outcome will be.
Even though the Evans Foundation is still much stronger than Tianyue, even though the Evans Foundation promotes the construction of the Bosso-Catro Steel Industrial Complex with great fanfare and has a strong sense of tit-for-tat against Tianyue, the Oppenheimer family
The shares were locked up in Fulkov Investment Co., Ltd. They had no power to resist Cao Mo's deliberate suppression and retaliation at this time, let alone go to the Evans Foundation to cooperate.
They also knew that they had made too many little tricks before, and Nitz Oppenheimer and Ensanger and his son did not think that Cao Mo would miss them.
Cao Mo was able to keep silent about all the little tricks they did in the past. It's not that he was blind and didn't see it. To put it bluntly, Tianyue had an unstable foundation in Kanem at that time, was weak, and relied on the Oppenheimer family.
That’s why I chose silence and forbearance.
When the Oppenheimer family is completely controlled by Cao Mo, do they still need to tolerate it?
When the Ferkov Petrochemical Group conducted its first round of financing at the beginning of the year, Cao Mo first injected a large amount of funds into Ferkov Investment and diluted the Oppenheimer family's 20% shareholding to 8%, which was to return the favor.
To be honest, including Sturgeon's complete defection to Tianyue and even handing over control of Furkov Investment and Furkov Petrochemical Group, these are all changes that Nitz Oppenheimer did not expect at all.
.
He did not expect that the development of the situation around 2008 would completely deviate from his expectations.
For more than a year, although Ryan Fortis also intended to contact this place, and although the Oppenheimer family's shareholding in Fulkov Investment was severely reduced, Nitz Oppenheimer refused to contact Ryan again.
.Fortis and others at the Evans Foundation were contacted.
At the same time, he also reflected on the process of cooperation with Tianyue in the past few years, the gains and losses.
The cooperation between the two parties began when Cornero Energy's predecessor, Sika Adette Power Company, built a transmission line from Lonta to the Draculamo local grid. At that time, the Oppenheimer family, the Rupert family and the Bray family
The shares held by the Gram family are identical.
Even because Nitz Oppenheimer has greater influence in Draculamore City, subsequent cooperation such as Blue Star-Sanchem Leasing Company has always been led by the Oppenheimer family, and Tianyue will provide as much support as possible.
Cooperation in resources.
However, after many years, not to mention compared with the Felician family and the Sika family, after all, they cooperated with Tianyue earlier and more closely, the Blake family, the Rupert family's status in Kanem and the family
The speed of property expansion has far exceeded that of the Oppenheimer family.
The Rupert family, including Brahm personally, currently has interests in Ibogu Mining, Ferkov Petrochemicals, Ferkov Oilfield, Cornero Energy, United West African Cement, Blue Star-Sanchem Leasing Company,
They hold shares in a series of companies such as Gulf of Guinea Shipping and West African Agricultural Group, and their assets may have been several times theirs.
And they still don’t know what answers or bad news Sturgeon will bring when she comes this time.
"Mr. Oppenheimer..." Sturgeon Foster walked up to the steps of the main building, saw Nitz Oppenheimer and his son looking gloomy, and greeted him with a smile.
Before that, Liang Yuan came over alone to meet with Nitz Oppenheimer. During this period, he also accompanied Ryan Fortis to visit Nitz Oppenheimer once, but the stay was very short. Obviously
Nitz Oppenheimer no longer dares to get too close to the Evans Foundation.
After confirming this, Sturgeon came over to persuade Nitz Oppenheimer to accept the new merger and financing plan.
Langhua Petroleum still hopes that the shareholding structure of the Volkov Petrochemical Group after the merger will be clearer and that indirect shareholdings will be reduced as much as possible. In other words, Conero Lake Industrial Park Co., Ltd. and Volkov Investment will have a clearer interest in Volkov.
Fu Petrochemical's shareholdings need to be dismantled directly to upper-level investors.
The purpose of doing this is to split Cao Mo's direct or indirect shareholding in Fulkov Petrochemical to less than 50% and require Cao Mo to give up his absolute controlling position; Cao Mo himself has no objection.
In other words, the Oppenheimer family, Sturgeon and Tianyue Investment previously held indirect shares in Fulkov Petrochemical mainly through Fulkov Investment. According to the requirements of Langhua Petrochemical, after Fulkov Investment
It will no longer hold shares in the new Ferkov Petrochemical Group, but will be transformed into a direct shareholding of the Oppenheimer family (family companies and individuals), Sturgeon and Tianyue Investment in the Ferkov Petrochemical Group.
According to the latest plan, the Oppenheimer family's shareholding in the new Volkov Petrochemical Group will be diluted to 2%.
This is actually consistent with the information brought by Liang Yuan during his two previous visits. Cao Mo has no intention of letting the Oppenheimer family go after they have been honest for more than a year.
"To be honest, our Oppenheimer family has not really done anything to feel sorry for Mr. Cao, has it? Did it squeeze our Oppenheimer family too hard this time?" Niz Oppenheimer stopped him from having a fit.
Nsange asked Sturgeon seriously.
"Mr. Oppenheimer seems to have been deeply misled by others - the Volkov Petrochemical Group is valued at US$1.5 billion and the Volkov Oilfield Service is valued at US$2 billion. It seems that they are purely playing a numbers game and compressing the value of Volkov.
There are no investors who hold shares in Furkov Petrochemical but not in Furkov Oilfield Service. This is not actually the case,” Sturgeon said. “Because Mr. Cao wants Huamao to be out, so he doesn’t want to do something about it and will not follow it.”
They explained that Mr. Cao wanted Mr. Oppenheimer to stay. He was in China at this time, so he entrusted me to come over and give you some explanations, Mr. Oppenheimer."
"Say it!" Nitz Oppenheimer said coldly.
“Folkov Oilfield Services was established not long ago, and the funds invested directly before and after, including the acquisition and merger of three existing companies, as well as subsequent talent development, and the introduction of offshore equipment and technology, totaled a little over 250 million US dollars.
A little more. However, if we only estimate the value of Fulkov Oilfield Services based on direct investment, I would like to ask Mr. Oppenheimer how much money Sika Aidet Power Grid Company invested directly at the beginning, but in November
After the completion of the Kilovolta-Daculamo backbone transmission line, how far does the value of Sika Aidet Grid differ from the actual investment?" Sturgeon asked.
Nitz Oppenheimer was stunned for a moment, then fell silent.
When Sika Aidet Grid Company was spun off and established, the actual capital injected was only US$2 million.
However, after the Ronta-Taculamo transmission line was completed, the value of Sika Aidet Power Grid Company directly exceeded 50 to 60 million US dollars, a surge of 20 to 30 times compared to the direct capital injection.
At the beginning, he didn't want to see Cao Mo forcefully interfere and limit the dividends paid to investors by Sika Aidate Power Grid Company through Abacha, and wanted to overturn the gambling agreement. For the first time, he thought of joining forces with the Rupert family and the Blake family to fight for it.
The control of Sika Aidet Power Grid Company has been thwarted.
"I'm afraid Falkov Oilfield Services cannot be compared with the original Sika Aidet Power Grid Company, right?" Nitz Oppenheimer said thoughtfully.
"Why can't we compare it to the fact that after Mr. Oppenheimer resigned as Vice Chairman of the Draculamore Municipal Council, he seemed to be less sensitive to outside information?"
Sturgeon would not speak too tactfully to Nitz Oppenheimer, saying,
"Mr. Cao and other companies seem to have only invested US$250 million in Fulkov Oilfield. However, the Quekotos Oilfield has been idle for eight years, and no company dared to take over the mining task. Is it possible that large and small companies
Do oil explorers lack the US$250 million? In addition to the US$250 million, how many tangible and intangible resources does Mr. Oppenheimer think Mr. Cao has invested in the joint venture? In addition to tangible and intangible resources,
Fulkov Oilfield Services has taken over the important task of exploiting the Kukotos Oilfield, and its goal is to increase the annual production scale of the Kukotos Oilfield to exceed 25 million barrels of crude oil. The profit it can earn will only be higher than that of the oil refining business.
, instead of lower——"
"But the valuation of Furkov Petrochemical cannot be so low?" Nitz Oppenheimer said strugglingly.
"Folkov Petrochemical seems to have a lot of profit margins, but the most critical crude oil supply has not been completely solved from beginning to end. The orders held by Atlantic United Petroleum Trading Company can only satisfy one-third of the No. 1 Refinery.
One production capacity, other raw material supplies mainly come from bulk orders, and the quality of oil products cannot be guaranteed," Sturgeon said. "I believe you are aware of these situations, Mr. Oppenheimer - Fulkov Oilfield Services
The significance of this is even more highlighted at this moment. The newly merged petrochemical group's refining business, through Fulkov Oilfield, can obtain stable and high-quality crude oil supply from the Quekotos Oilfield, which will inevitably further strengthen the overall profitability. Based on this
, Ferkov Petrochemical Group has really opened up the channel for rapid expansion, and it can even consider building a third refinery next year... Mr. Cao hopes that the Oppenheimer family will retain this part of the shareholding, and also considers that Oppenheimer
Mr. Mo will be worried that the valuation is too low, and is willing to give the Oppenheimer family a promise, that is, if the Oppenheimer family intends to withdraw in two years, Mr. Cao can acquire these shares at double the valuation..."
Although Nitz Oppenheimer highly doubted that Cao Mo's promise was probably a delaying tactic, he still wanted to completely withdraw this shareholding in exchange for 80 million U.S. dollars. Is that really okay?