Chinese people like to talk about politics, but it is somewhat like Ye Gong who likes dragons. Chinese businessmen and enterprises overseas pay more attention to being harmonious and making money.
At this time, Cao Mo mentioned that he secretly funded Roima Sero's participation in Akwa's second presidential election. Qian Wenhan, Zhou Shenhe, and Ge Jun were all a little confused. They thought about it for a long time, and they all felt that it was difficult to explain.
However, Cao Mo has never made any mistakes in his work in West Africa over the years, and he has not experienced situations that are more serious and complicated than the current one.
Qian Wenhan touched his sparse hair and said: "Our understanding of the situation in West Africa is limited. If we really want to make suggestions, we are just scratching the surface. We have been struggling for so many years, and our mental endurance is somewhat better than ordinary people."
If you are stronger, just let it go and we can all suffer."
Ge Jun said at this time: "By the way, I have something to ask you. I didn't get the chance until today..."
"What's the matter?" Cao Mo asked curiously.
"Have you arranged for someone else to short Xihai Steel?" Ge Jun asked.
"No, how can I spare the time to deal with them now? What's wrong, someone is shorting Xihai Steel, and you mistakenly think that I arranged for someone to do it?" Cao Mo asked.
"There have been a lot of empty orders accumulated in Xihai Steel in the past two months," Ge Jun said. "I initially thought you arranged for someone to do it, but then I thought the timing was not right. If it was you who arranged it, it should be in Cotonou.
Before the news of the start-up of the second steel plant came out, Huamao placed a short order of 2 to 3 billion when the stock price of Xihai Steel reached its highest point, instead of waiting until all kinds of bad news came out and the stock price of Xihai Steel went out of the downward trend before taking action.
.However, I spent some time and couldn't find out specifically who was behind the short selling of Xihai Steel, so I just wanted to find you to confirm again."
"Could it be that both the long and short positions are owned by the Huamao family?" Cao Mo guessed.
"Does Huamao want to give up playing against us in Kanem and backhand short Xihai Steel?" Shen Ji asked with a frown.
"This possibility cannot be ruled out," Ge Jun said with a smile. "If Huamao set foot in West Africa a few years ago, Han Shaorong thought that he could squeeze Cao Mo to death with one finger. By then, his fantasy would have been shattered.
Bar?"
Qian Wenhan nodded and said: "Although no specific clues can be found, if you think about it carefully, it is really possible that Huamao is short selling. The most unstable factor for Tianyue in West Africa is the political situation in Akwa, but even if
Even if all of Tianyue's investments in Akwa, including the Wusang River copper and gold mine, are lost, it will not fundamentally shake Tianyue's foundation in West Africa. And this foundation has long been beyond the reach of Huamao.
He can shake it with all his strength. Han Shaorong has been fighting hard with others all his life. What is stronger about him is that he will not continue to fight despite knowing that the situation is not good for him. Although it is said that those who understand current affairs are heroes, but after reaching a certain status
, people will become stubborn to some extent, and it is not easy for Han Shaorong to do this. "
Not only Cao Mo, when Han Shaorong wanted to take over Xinhai Gold Industry, Qian Wenhan and Zhou Shenhe had fierce confrontations with him. Han Shaorong had been ups and downs in the business world for many years, not without failure. Han Shaorong would stop in time when things couldn't be done.
Less will stubbornly persist in the struggle.
This is actually the most difficult thing about Han Shaorong. Unlike those with obvious character flaws, it is easier to set traps to deal with him.
Huamao was now very big. If Cao Mo really wanted to fight Han Shaorong, it would be difficult for him to dig a big hole and drag Huamao in completely, thus ruining Han Shaorong's reputation.
It was really much easier to deal with the Lu brothers back then.
Han Shaorong must also have seen that the election situation in Akwa is complicated during this period. Cao Mo must focus on Akwa, and it is indeed possible to take this opportunity to backhand short Xihai Steel.
Cao Mo really didn't want to complicate the situation at this time.
It was inconvenient for him to leave West Africa during this period, so he took this opportunity to invite Qian Wenhan, Zhou Shenhe, and Ge Jun to Kanem. The main purpose was to discuss the possibility of merging Yibogu Mining into Xinhai Gold Industry, and even considered integrating Xinhai Gold Industry first.
The shareholding in Wusang River Copper and Gold Mine was first converted into a shareholding in Yibogu Mining.
Of course, Qian Wenhan, Zhou Shenhe, and Ge Jun also rushed to Dracula to meet Cao Mo for the same purpose.
The exchange of shares will, on the one hand, reduce the risk of Xinhai Gold's shareholding in the Wusang River copper and gold mine, and on the other hand, pave the way for the main body of Yibogu Mining to be merged into Xinhai Gold.
After West Africa United Cement completed its capital injection into the Usan River Copper and Gold Mine, the Usan River Copper and Gold Mine was valued at US$500,000, which is definitely an underestimate. However, the internal valuation of Ibogu Mining at this time was only US$80, so naturally it was also
Extremely underestimated.
Therefore, it should be fair to both parties that Yibogu Mining adds 8% or 9% of its shares to acquire Xinhai Gold's shareholding in the Wusang River copper and gold mine.
"In addition to the share exchange, Xinhai Gold also wants to further increase its stake in Yibogu Mining this time..." Zhou Shenhe said.
"How to increase it?" Cao Mo asked.
Xinhai Gold's stock price is too high at this time, and Ibogu Mining's current valuation is too low.
If Xinhai Gold wants to continue to expand its shareholding in Yibogu Mining and directly issue new shares of Xinhai Gold to Tianyue Investment and other shareholders to purchase shares, Cao Mo will definitely suffer too much.
Cao Mo himself planned to wait until the crisis in the Wusang River Copper and Gold Mine was resolved.
After that, the valuation of Yibogu Mining increased to about 1.5 to 20 billion US dollars, and Tianyue Investment accepted the private placement of Xinhai Gold.
In this case, each other is at a disadvantage, and no one can say that they are at a disadvantage or taking advantage.
However, Qian Wenhan and others may be able to accept such a high valuation of Yibogu Mining, but for other shareholders of Xinhai Gold to accept it, it will take a long time to convince, or in other words, it will take a long time for the market to recognize the value of Yibogu Mining.
The process is not something that can be done now.
"Xinhai Gold has a high tax burden. Last year was considered a good year, and its profit was only 6 billion. It also allocated 2 billion to shareholders as dividends. Capital expenditures are very limited. The stock price is now high. For Xinhai Gold,
Being able to conduct an additional issuance at this time will definitely be of great benefit to future development..." Zhou Shenhe said.
"The problem is that no one is stupid. Is there any investment institution willing to take on the new shares issued by Xinhai Gold in this position? After all, no one can guarantee that the international gold futures price can remain at the current high level for a long time," Shen Ji guessed with a smile.
He asked, "It must be done. Probably only Mr. Qian and you, the major individual shareholders, can take the lead in subscribing, can you persuade other investment institutions to participate. However, if Mr. Qian and you are really required to undertake the private placement of new shares by Xinhai Gold at a high level, Xinhai
After the gold industry gets cash, it must acquire valuable and undervalued assets to balance it... And speaking of undervalued assets, are you targeting Ibogu Mining again?"
"Things are actually more complicated than this," Qian Wenhan took over and said, "Speaking of which, Lao Zhou and I wanted to do additional issuance, but we also thought that it would be too difficult to do so at this time, so we didn't pay any attention to it.
Advance it as a regular work. In fact, China Mining is particularly interested in this matter, and China Mining’s plan may still conflict with your plan..."
"What kind of conflict is it? Couldn't it be that China Mining wants to take the controlling stake of Xinhai Gold?" Cao Mo asked emotionally.
If the valuation of Yibogu Mining is increased to US$15 billion to US$20 billion, Xinhai Gold will not be able to come up with such a huge amount of cash and can only acquire Yibogu Mining by issuing new shares.
By then, Tianyue Investment (Cao Mo) will hold Xinhai Gold's shares with a market value of US$10 billion to US$12 billion, and will actually become the largest shareholder of Xinhai Gold, while Qian Wen
Together, Han and the others will firmly control the controlling stake in Xinhai Gold, a super mining industry.
Qian Wenhan now said that China Mining's plan conflicted with his plan, and this was the only thing Cao Mo could think of.
Qian Wenhan nodded and said: "In addition to China Mining's intention to mainly participate in this additional issuance, it may also acquire some of the shares of the major shareholders. Of course, China Mining's acquisition of shares from the local State-owned Assets Supervision and Administration Commission may delay the implementation."
Xinhai Gold's current largest shareholder is the local State-owned Assets Supervision and Administration Commission. As a central enterprise, China National Mining Industry and Technology Co., Ltd. has invested in the acquisition of Xinhai Gold's shares from the local State-owned Assets Supervision and Administration Commission. No matter how high the stock price is, it will not be accused by public opinion of being a transfer of interests. But at this time, China National Mining Corporation
If you are willing to invest in acquiring shares and also invest in private placement, you must be here for the controlling interest in Xinhai Gold.
In order to avoid too much disturbance in the capital market, China Mining decided to participate in the private placement first and postpone the share acquisition plan. There will be no difference in essence. If this is a decision made at a higher level by the country, the local State-owned Assets Supervision and Administration Commission will only have to do its best.
Cooperate.
In the final analysis, there is no essential difference whether this part of the equity is under the control of the local State-owned Assets Supervision and Administration Commission or China National Mining Corporation.
Zhou Shenhe and Qian Wenhan suddenly came over to talk about this topic. Cao Mo pondered for a while, but still had many questions that he couldn't figure out. He asked doubtfully: "Since China Mining has plans to control Xinhai Gold, what about Xinhai Gold?"
This time I hope to increase my shareholding in Ibogu Mining. Is this what China Mining means? But I am a little surprised. Although the price of gold is high, the gold reserves held by Ibogu Mining should not have much strategic value, right?"
"We have only met with people from China Mining and State-owned Assets Supervision and Administration Commission twice this month, but we didn't talk much," Qian Wenhan said. "Lao Zhou and I speculated that the actions you took in Benin were too excessive.
It has become bigger, and the country is now interested in making some plans in West Africa, and many places fit together. Among other things, China National Petroleum Corporation has won the oil and gas exploration and production rights in the northeastern part of Rewa. The reserves may be very amazing, but Rewa as a
If a landlocked country in West Africa wants to export its oil and gas resources to the sea, the shortest distance is to build an oil pipeline and send it to the port of Cotonou!"
"The oil and gas resources in the TAKLAK area have proven reserves of hundreds of millions of tons, and the prospects are even more promising. However, PetroChina obtained the exploration rights of the TAKLAK area in 2005, and the work progress in the past five years has actually been very slow..." Cao
Mo said hesitantly.
As the most underdeveloped region in West Africa, Rewa is very inconspicuous internationally. Even though it is rich in gold resources, due to inconvenient transportation and social chaos, before the entry of Ibogu Mining, gold mining
Not developed.
Ibogu Mining currently owns the exploration and mining rights of three gold mines in Rewa, and has a relatively good understanding of the situation in the TAKLAK oil field. At least up to this time, it has not seen any signs of the country increasing investment there.
Of course, just because there hasn't been any action before, doesn't mean that it will always be so low-key in the future.
This is mainly related to domestic and foreign strategic choices.
Xinhai Gold's increase in its shareholding in Ibogu Mining can be regarded as an obvious signal. However, in order to avoid arousing hostility in European and American countries, this intention must be kept strictly confidential and covered up -
- Even Qian Wenhan and Zhou Shenhe can only speculate in private.
"China Mining does not want to make too big a move. It will intervene in Xinhai Gold through directional increase in the early stage, and may only hold 5% of the shares," Zhou Shenhe said.
"Will the subsequent management rights of Xinhai Gold change?" Cao Mo asked.
"China Mining should get the controlling stake of Xinhai Gold. At least it will not allow other actual controllers to appear. However, it does not intend to change the current operating status of Xinhai Gold. In the early stage, it will only be a subsidiary of China Mining."
The fund intervened in the additional issuance. Of course, the additional issuance price of Xinhai Gold required a 40% discount on the existing stock price. Fortunately, the additional issuance of new shares was taken over by the central enterprise fund. We suffered some losses, but we did not worry about any unfavorable public opinion in the market.
" Qian Wenhan said.
"Taking over 5% of the new shares at a 40% discount means that China Mining will inject 5 billion into Xinhai Gold this time. Apart from increasing its shareholding in Yibogu Mining, is there any other use for this capital?"
Cao Mo asked.
"Xinhai Gold can exchange its shareholding in Wusang River Copper and Gold Mine for its shareholding in Yibogu Mining. It would be more appropriate to increase the shareholding to 15%, but China Mining's influence will remain in Xinhai
Gold Industry, its shareholding in Ibogu Mine is also for closer cooperation in the future, and will not interfere with your control of Ibogu Mining. Of course, there is no problem if we do not increase our shareholding this time, but we must change the shareholding before exchanging shares.
Let me tell you these things clearly, and this is what China Mining also means," Zhou Shenhe said. "With the extra funds, China Mining hopes that Xinhai Gold can participate in the expansion of the Cotonou Port and the construction of the Mamba-Cotonou Railway.
go……"
It is impossible and unqualified for Cao Mo to fight for the controlling stake of Xinhai Gold with China Mining. At the same time, if Yipigu Mining is not merged into Xinhai Gold, he will not lose anything. It is just a choice for him.
However, he must not be willing to cooperate with China Mining, and it will be fine without a share exchange.
In that case, he can control Xinhai Gold's shareholding and influence on the Wusang River Copper and Gold Mine. If the shares are exchanged, will Xinhai Gold's shareholding in Yibogu Mining be 9% or 15%?
, the difference is actually not big.
"I really have a headache." Cao Mo said, slapping his forehead.
"It's quite a headache, but fortunately we don't have such troubles!" Shen Ji said with a smile.
Everything Tianyue has overseas is the result of hard work led by Cao Mo. Even if you don't want to accept the influence of China Mining, you don't have to worry about what else will happen.
If you accept it, no matter how nice it sounds now, it will inevitably be greatly affected in the future, and Cao Mo will no longer be able to have completely independent decision-making power on everything about Tianyue as he did in the past.
However, from another perspective, if Tianyue suffers a huge crisis in the future due to the influence of China Mining, it will definitely not be Zhou Shenhe or several senior officials of China Mining who will stand up to endorse Tianyue.
…………
…………
"What were you talking about on the beach this afternoon? Why are your brows so furrowed?"
Cao Mo was lying on the bed. Cheng Xi leaned over, stretched out his hand to wipe away his frown, and asked curiously.
Cao Mo told Cheng Xi what they had discussed in the afternoon.
"Then what do you think?" Cheng Xi asked.
"I'm thinking, if we really want to accept China Mining's influence and penetration, we can hand over the affairs of Africa to Xie Sipeng, Yang Deshan, Zhang Chaoyang and others. Anyway, if something goes wrong, China Mining is behind it, and what about me?
, I can stay in the country with you during the main time." Cao Mo said.
"Are you telling the truth, or are you trying to make me happy?" Cheng Xi asked.
"Of course I'm telling the truth," Cao Mo said, "I am now going to the Wusang River Copper and Gold Mine and Ibogu Mining to introduce more stakes of the Kanem interest group, and through Kanem in the Economic Community of West African States
special status, curbing the ambitions of the Evans Foundation and the Sevi family, and may even resolve the crisis at the Usan River copper and gold mine by supporting Roima Sero to run for president of Akwa. However, these are all temporary.
.Whether it is Kanem or Akwa, they have a very prominent feature, that is, both politics and society are extremely unstable. No one knows when an extreme trend of thought will emerge and reverse the existing trend.
Political structure. Therefore, all the efforts I have made here appear to be stable on the surface, but are actually unstable and cannot prevent unexpected crises from happening. Before the occurrence of unexpected crises, Langhua Petroleum was definitely not not strong enough, but it was eventually forced to withdraw.
Gulf of Guinea. Tell me, why should I refuse to add another stabilizing factor to Tianyue’s structure? This factor may be more important than what I have done before!”
"You still look very hesitant. Are you reluctant to let go of someone?" Cheng Xi grabbed Cao Mo's ear and asked.
"How can I not let go of anyone?" Cao Mo said, "I'm just curious why China Mining has made it so complicated? Even if the country is really determined to strengthen its presence in West Africa, apart from the national political level, there are already so many
Central enterprises are engaged in infrastructure projects in West Africa, and they can then strengthen their direct ownership of infrastructure projects. West African countries are seriously short of construction funds and will not refuse this type of cooperation. And we are not the only choice, not even the best choice.
…”
"You can't understand it, and I can't understand it even more." Cheng Xi sighed and said.
"If you can't figure it out, don't think about it. Let's do what we can figure out clearly!" Cao Mo turned over and pinned Cheng Xi down...