Chapter 325 New gameplay
In early November, Cao Mo and Zhou Han made a special trip back to China. At the Tianyue headquarters that had not yet been completely renovated, they signed a mine transfer agreement with Xinhai Jinye. This time, no trouble happened.
Xinhai Gold Industry invested 360 million yuan to acquire the Fane River Gold Mine in Mangba area, which has just been transferred from Tianyue Investment. It will arrange personnel to enter the Akwamanba area and be independently responsible for the development of the Fane River Gold Mine.
The reason why it took so long was that in addition to Xinhai Gold Industry's need to have a formal acquisition evaluation report submitted to the board of directors for review, Xinhai Gold Industry's registration of branch in Akwa and the transfer of ownership of the Fane River gold mine will require a process to obtain approval and permission from the Akwa authorities.
It can be done in more than two months, and the speed is already fast enough.
Even though it was determined to transfer the Fane River gold mine at the end of August, the preliminary preparations for the mining area did not stop until the transfer agreement was officially signed.
Cao Mo seemed to have paid millions of dollars in unnecessary costs for this, but after signing the agreement, Xinhai Gold Industry's branch in Akwa can immediately start the subsequent mining area construction, import of machinery and facilities, recruitment and training of local employees after taking over the Fane River Gold Mine, and can quickly unfold the relevant work without delay; even establish contact with the local government.
As a gold company that can rank among the top 30 in the world, Xinhai Gold Industry is also a state-owned listed company. At least its influence at the official level is not comparable to Yibogu Mining, which was born in a wild way.
In order to promote Xinhai Gold Industry to enter Akwa as soon as possible, let alone the millions of dollars in additional funds in the past two months, in fact, by the end of October, the international gold price rose rapidly to more than 800 US dollars per ounce as Zhou Shenhe expected, and Cao Mo did not adjust the transfer price of the Fane River gold mine.
In addition to the proven reserves of 600,000 ounces, the potential for further exploration is very small. No matter how exaggerated the rise in international gold prices is, real capital investment is required in the early stage to mine the underground rock gold to be refined to convert it into the profits it deserves.
Since Cao Mo did not have the ability to develop the Farne River gold mine at this time, it would be better to make friends than to keep it greedily.
What's more important is that international gold prices have risen sharply again, further consolidating the huge value of Wusanghe copper and gold mine, which is the top priority.
The underground of Wusang River is a mixture of copper and gold. When copper concentrate is sold in the future, the copper content in the ore will be calculated separately for quotation. The price of gold has risen. It can be said that the increase is net profit. At present, the gold reserves proven by Wusang River are as high as 1.6 million ounces, and the potential that has not been confirmed in exploration is as high as staggeringly high.
Cao Mo is not competing for the interests of the Fane River Gold Mine now. His ultimate goal is to bring Xinhai Gold Industry into the bureau as soon as possible and build a higher and thicker protective wall for the Wusang River copper and gold Mine.
Africa is not China. As long as the interests are huge enough, it is not impossible to plan a coup in Africa. Cao Mo would never dare to think that he had obtained the legally complete mining rights and mining rights, and everything would be fine and he would rest assured.
After the international gold price rose sharply again in October, Yibogu Mining's profit also rose sharply, and the monthly income scale in October was already on par with Conelo Cement.
The funds became more abundant, but Cao Mo did not accelerate the construction of the Usang River copper and gold mine, but instead took out 30 million US dollars from Yibogu Mining and lent it to Conelo Food for the acquisition of cocoa plantations from the Akan tribe chief family in Drake and surrounding areas.
He did not throw the integration and management of the plantation to Tubman.
Staying in Drake in the past two months, he personally participated in the management and integration of the plantation, led the selection of more than 2,000 new plantation workers, registered an armed forest ranger locally, and strongly supported Magette Voss to win the first local election after the Akwa political reform in August.
After these work came to an end, Cao Mo took the time to return to China and took the opportunity to sign a cooperation agreement to meet Qian Wenhan, Zhou Shenhe, Ge Jun and others again.
The equity transfer agreement with Sun Hung Investment on the Gulf of Guinea shipping and mining company was signed one month earlier. Before Cao Mo returned to China this time, Sun Hung Investment had already transferred 250 million yuan of RMB to Tianyue Investment's account.
In this equity transfer, Cao Mo personally reduced his stake in Gulf of Guinea through his domestic parent company Tianyue Investment and offshore company Tianyue International's offshore company Tianyue International, and Sun Hung Investment will receive 35% of the shares, and management personnel such as Shen Ji, Brahm, Abacha and Galone Targrian, and hold the remaining 25% of the shares.
Even if the cooperation with Xingang Lian was strongly inserted and ruined by Han Shaorong, the Gulf of Guinea will inevitably lose the corresponding iron ore trade and transportation business. However, Conelo Cement, Dracula Power Group, the Usang River copper concentrate, which is destined to continue to grow rapidly in the future, and related coal and cement marine transportation businesses will support the continuous growth of Gulf of Guinea shipping and mining companies.
Although this investment is not a surprise for Qian Wenhan and will not bring explosive investment returns, it is also quite stable like Conelo Energy.
Of course, Qian Wenhan's net worth has reached this level, especially in his circle. Ge Jun, who had been causing trouble in the securities market, joined in, so his gameplay is definitely different.
The Tianyue headquarters on the east bank of Zhiyun Lake will be fully renovated until after the Spring Festival. However, the staff at the headquarters were limited in the early stage. It is enough to renovate and renovate more than 1,000 square meters of office area in different areas.
This area has also been renovated and will be put into use before this signing ceremony.
There will be nearly 6,000 square meters of office area in the future, including the tea bar, screening room, fitness room and other facilities that Cao Mo wants. When renovating, it will naturally be more complicated than a simple office. The conference room is much more complicated and can only be dragged back. If it weren't for Song Yuqing and the others' firmly opposed it, Cao Mo even wanted to dig a small swimming pool and a sauna on the ground floor.
At first, a renovation budget of 20 million was made. Song Yuqing thought it was enough, but after Cao Mo's renovation and renovation plan were modified several times, the internal framework was now renovated, and the facade and surrounding sites were rebuilt. The emergency renovation of 1,000 square meters of office area was first used, which had already spent 20 million budget; and according to Cao Mo's current requirements, at least 15 million would be added to the expected 10,500 million.
Although the lease signed with the park lasts for ten years, it would be a pity if such a high investment in renovation and decoration is really about to be taken back by the park after ten years.
During the two transfers, the domestic parent company will hold 600 million in cash. Cao Mo simply used 60 million to transfer the old warehouse together with the nearly 4,000 square meters of it.
Office land was purchased directly from the park.
This price was originally the price of building an office building with a height limit of 40 meters in the park auction. However, after the adjustment of the rules on the east bank of Zhiyun Lake, nearby buildings were restricted and the land auction plan was stranded.
In recent years, the sales of office buildings and industrial buildings in Xinhai have been far less popular than residential buildings. Zhiyun Lake Industrial Park is an old industrial area in Xinhai, and the price of office and commercial land cannot be higher.
However, Cao Mo acquired the property rights of the old warehouse and its office land as the headquarters of the parent company, but he did not care about the entry and exit of three melons and two dates.
Although Song Yuqing held back and refused to let him build an indoor swimming pool, Cao Mo returned to China this time. After the signing ceremony, he invited Zhou Shenhe, Qian Wenhan and other guests to visit Tianyue's new headquarters. Seeing that the headquarters and the empty venues by the lake were mainly planted with some high-wood camphor trees, he couldn't help but ask Song Yuqing in a low voice:
"Why do we plant camphor trees? We lay stones on this open space in Linhu, and we planted thirty or fifty camphor trees, which was a bit inconsistent..."
"The greening effect of camphor tree is good. It is relatively suitable for transplanting adult trees directly. What are you thinking about?" Seeing Shen Ji, Chen Rong accompany Qian Wenhan, Zhou Shenhe, Ge Jun and others to the front, Song Yuqing glared at Cao Mo and asked.
"You really should accompany me to Hubin Yashe for a while. This is the headquarters of the domestic parent company. You can't be as good as Hubin Yashe, right?" Cao Mo asked with his hands spread out.
"You are in Longta, along the road built by the hydropower station, and migrate some precious trees that have been built for hundreds of years, almost no cost is needed. But if Xinhai wants to do this, and add a budget of 10 million, it will not be able to achieve the garden effect of Hubin Yashe. You are always tolerant. Even if you are in China, you may not have time to visit here. Why do you have so much effort?" Song Yuqing said angrily.
Sitting down under the newly built wooden pavilion by the lake, everyone surrounded the stone table, the topic was still inseparable from the current stock market and the rising international gold market again.
Two years ago, the Shanghai Composite Index fell to more than 980 points at a low of more than 980 points, but just last month, the Shanghai Composite Index rose to more than 6,300, and rose more than six times in just over two years. Even after the high point appeared, it fluctuated repeatedly in the past month and had some corrections, but the money-making effect of the stock market is still uneasy.
Due to the double reinforcement of the bull market and the international gold market, the market value of Xinhai Gold has increased tenfold in two years. It is currently reaching a total market value of 80 billion yuan. Qian Wenhan holds 12% of Xinhai Gold. Even though he is as firm as ever, he is optimistic about the development of Xinhai Gold, this time he still can't help but take advantage of the high point to cash out 1.6 billion yuan in cash.
Qian Wenhan and his investment income that he can cash out at any time in Dongjiang Securities' proprietary department, he has more than 3 billion yuan in cash, which can be said to be rich.
Dongsheng Group mainly focuses on the production of grain, oil and aluminum profiles, both traditional industries. The real estate assets that are currently attracting market attention have not yet had time to be included in listed companies. Therefore, the stock price increase in this bull market is obviously much weaker than Xinhai Jinye, but the market value from the lowest point to the highest point is also three times different.
Veterans like Ge Jun are also confused about the current securities market. They sat by the lake and couldn't help but sigh: "The stock market is dominated by the enthusiasm for inflation. At this stage, the market, industry, and value judgments will lead to large or small losses. Only investors who do not conduct research and judgment will have the greatest returns. How will the stock market go in the future and whether it will create a new high point? We can't see at all now, and we can only take one step at a time..."
No matter what, even Qian Wenhan couldn't help but reduce his holdings of some of Xinhai Jinye's stocks to cash out. Although Cao Mo is about to have 500 million yuan in cash available in China, it is impossible for him to dive into this position. He is just listening to the excitement now.
Ding Zhaoqiang is currently eager to make a targeted share issuance so as to include real estate business into listed companies and solve the problem of shortage of funds for real estate business development. Because large and small funds flowed into the securities market crazily, the real estate market started in 2002, there are currently stagflation and unsalable sales, which has exacerbated the financial pressure of Dongsheng Real Estate business.
Investors like Qian Wenhan who hold huge amounts of cash are also the target Dongsheng is actively seeking for additional issuance this time, but the stock market is still too fanatical. Not only Qian Wenhan, Ge Jun and others, but most investment institutions are guilty and dare not use real money to participate in Dongsheng's additional issuance in this position.
In the past, investment institutions with close cooperation with Dongsheng would at most agree to mortgage and borrow funds to support Dongsheng's real estate business development; if you want to make additional issuance, the stock price may be 60% off, or you can consider it, but in this way, let alone major shareholders such as Ding Zhaoqiang, other small and medium-sized retail investors would never agree.
This is inevitable.
Just like Zhou Shenhe said that with the current stock price of Xinhai Gold, a fixed-increase of stocks with a market value of 60 billion yuan, and the Yibogu Mining industry was placed into Xinhai Gold, Cao Mo would also ask them to go there and go cool.
The temporary fanaticism has completely failed to reflect the fundamentals of stock value. In addition to speculative funds, how many investment institutions dare to participate in the additional issuance plan that has been locked for one to two years?
Dongsheng’s additional issuance plan has been discussed for several months, but there is no substantial progress yet.
The market value of the stocks that Chen Rong holds in Dongsheng has risen to one billion, but Ding Zhaoqiang is still determined to make additional issuances, forcing the board of directors and management to not reduce their holdings in their shares, so there is no opportunity to reduce some of the shares to cash out.
"Now, the additional issuance and asset restructuring can be carried out by state-owned listed companies. On the one hand, there is policy support from above, and on the other hand, the state-owned assets are placed into listed companies. The pricing flexibility is relatively high, and there is no problem of asset loss; while private listed companies or restructuring targets are private assets, the problem is complicated," Ge Jun sighed, "However, in the future, we still need to find a way to load assets into listed companies..."
Cao Mo is still in the foundation stage of development. At the same time, due to the influence of the African capital environment, capital operations have not yet been considered. However, Qian Wenhan's investment in Gulf of Guinea Shipping and Mining Group this time must have taken all these things into consideration.
At present, there are several listed companies in China that mainly engage in ocean transportation. As long as the focus of the country's foreign strategy can one day clearly fall into Africa, it will not be particularly difficult for Qian Wenhan, Ge Jun and others to load the business of the Gulf of Guinea shipping and mining group into a listed company with ocean transportation as its main business.
Of course, Cao Mo still holds control of the Gulf of Guinea shipping and mining group. If they want to achieve this goal, they cannot do without Cao Mo's cooperation.
They also hope that the Gulf of Guinea shipping and mining companies will now start to moderately develop the transportation and transportation business of various countries and domestic countries in the Gulf of Guinea to prepare for future capital operations.
"What's going to do?"
Cao Mo had not considered this issue before returning to China. Suddenly, he heard Qian Wenhan and Ge Jun mention it, and they were all confused. I don’t know where to talk about the Gulf of Guinea shipping and mining companies. This time, he received a capital injection of 30 million US dollars, which was only enough to strengthen transportation and trade business in the Gulf of Guinea area, and he had no ability to do ocean transportation.
For ocean transportation, how much does a freighter worth more than 100,000 tons cost?
A super-large ore cargo costs almost hundreds of millions of dollars, right?
"We talked to Guo Hongliang that Dongjiang Securities will invest in the acquisition of his fleet, and in addition to invest in the acquisition of a 200,000-ton ore sand ship. At that time, these ore sand ships will be leased to the Gulf of Guinea Shipping and Mining Company. Guo Hongliang and his team will join the Gulf of Guinea Shipping and Mining Company to be responsible for this part of the ocean business..." Ge Jun said the plan he had envisioned, and looked at Cao Mo with bright eyes, and now he wanted to confirm his wishes.
Dongjiang Securities has low own assets, and may be more than 100 billion, but as a securities company, it is qualified to issue trust products to public investors to raise funds.
No matter how fanatical the domestic stock market is, a considerable number of public investors pay more attention to stable and controllable investments, and purchasing stable trust products are their main investment channels.
Dongjiang Securities issues corresponding trust products and acquires Ocean Shipping or related asset companies for lease operation, so the risks are naturally controllable.
However, for Dongjiang Securities or the capital tycoon who controls all this behind the scenes, if you only issue trust products and charge a little management fee from it, the income will naturally be extremely limited.
Now Qian Wenhan acquires shares of the Gulf of Guinea Shipping Company, and then Dongjiang Securities will lease the ship assets acquired by trust funds to Guinea Shipping Company for use, directly helping the weak Gulf of Guinea Shipping Company to develop its ocean-going transportation business. When the time is ripe, we will find the listed company to legitimately take over the shares of Qian Wenhan. The difference in the price is the real benefit that Qian Wenhan and others value.
Of course, they will also ambush into the target listed companies in advance, and further amplify their returns through rising stock prices during asset acquisition or restructuring.
Cao Mo patted his head, thinking that he had figured out what their gameplay was.
I thought to myself that with Qian Wenhan's wealth and Ge Jun's position in the industry, he simply manipulates stock prices in the securities market to make profits, which is somewhat low-end, and there is also the risk of being punished by national laws.
As long as Qian Wenhan and him have no direct shareholding contact with Dongjiang Securities, they use Dongjiang Securities to issue trust products to strengthen the related businesses of its subsidiaries and make profits through capital operations, which should not be considered insider trading.
"We need to study this..." Cao Mo thought for a moment and said.
This will naturally be beneficial to him. No matter how much profit the shares held by Qian Wenhan can take, or what kind of hidden returns they will have, it is real that the Gulf of Guinea shipping and mining companies can achieve leapfrog development.
However, Tianyue's development step has been out of the period of grass-roots development. At a time when the rule of law in China is becoming increasingly strict, what he needs to consider is whether legal risks can be truly isolated...
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To celebrate the signing of the agreement, the group arrived at the Jinhong Club for dinner at noon.
In the afternoon, he did not stay in Jinhong to play, so Cao Mo brought Chen Rong and Chen Ji to Tianyue headquarters and brought Chen Feng, Song Yuqing, Zhou Han and others to discuss Ge Jun’s suggestions:
"If there is no legal risk and such an operation is feasible, then if I develop some business in China in the future, in fact, I can also use Dongjiang Securities' trust qualifications to obtain unexpected financial support... My vision is still a little narrower, and I didn't expect that domestic capital will start to play like this!"
"Xinhai is the capital of finance. In addition, the country is gradually relaxing restrictions on private capital entering industries such as trust, insurance and private equity funds, and at the same time, it is gradually relaxing restrictions on direct investment in listed companies in trust, insurance, private equity funds and other industries. Capital operation will inevitably enter a new stage." Chen Ji said with emotion.
"I actually don't understand some of the current gameplay of Huamao Investment. Have they also started to develop this new gameplay, or are they similar to this, so that their operations are more hidden?" Cao Mo asked.
"It should be," said Chen Ji, "this capital operation is indeed more concealed than the common insider-related transactions in the past. Unless a professional is focusing on Huamao for research, it will be difficult to see clues... Of course, Han Shaorong's style is more domineering, and it is hard to say who will cooperate with him sincerely..."
In the domestic securities capital market, insider trading is still quite frequent and national supervision is not very strict. However, if the capital operation of tens of billions or even larger scale is not yet destined to avoid legal risks, it is destined to be unable to grow into a real giant crocodile. Even if it can achieve expansionary development in a short period of time, no one knows whether it will become a pig being killed one day.
To avoid the restrictions of current regulatory laws, there cannot be direct or indirect shareholding relationships between investment institutions that use trust products to raise funds and actual traders, and even one or two additional links are needed to isolate risks.
At this time, multiple parties need to be able to trust each other to cooperate at the capital strategic level, which is actually quite difficult.
Chen Ji's meaning is very clear. With Han Shaorong's domineering personality, it is difficult for anyone to cooperate sincerely with him, and he himself may not fully trust people who are not under his control. This means that he will carry out such capital operations and may have many handles to seize at the legal level.
Cao Mo didn't want to discuss this issue in front of Chen Rong. However, Han Shaorong's current courage to do this must be deeply involved with other interest groups. He either caught the handle or brought it down immediately.
Returning to Ge Jun’s suggestion itself, what they need to consider at present is whether they can avoid legal risks and cooperate with Qian Wenhan and Ge Jun to complete this cooperation.
The answer is obviously feasible.
Chen Rong and Chen Feng are familiar with domestic capital and financial regulatory laws and regulations. On the one hand, Qian Wenhan and Ge Jun have suffered a lot of losses in Han Shaorong or others before, so they will definitely be more careful when designing capital operation routes. On the other hand, they are mainly using this cooperation to promote the development of Guinea Bay shipping and mining companies to a new level. As long as they ensure that the Gulf of Guinea Shipping and mining companies are in compliance and do not participate in the operation of other links, they naturally don’t have to worry about any problems...
Chapter completed!