After 1992, the domestic steel market was in short supply, and steel prices rose faster than raw materials, which made the profit level of the entire steel industry at a historical high and also lured capital into it.

Although four months ago, Meigang had already taken advantage of the opportunity to complete the rebirth of the phoenix in terms of management and team building. At that time, Meigang's main electric furnace steel production line had just been transformed, and its dual advantages in technology and management had not yet been used, and its monthly profit was still floating around 2 million. Although such a result was good, it was not too attractive to Song Hongjun.

Just after July, Meigang made a monthly profit of more than 7 million yuan for four consecutive months. Such achievements can be said to be dazzling and eye-catching in China; naturally, Song Hongjun, who is doing business and making profits, was moved.

Of course, Meigang's existing main production line has been mature, and Song Hongjun wants to directly use the net asset value to calculate the shareholding to enjoy the results. Even if Shen Huai doesn't matter, Sun Yalin and others will have opinions, which will undoubtedly dilute the profits they can share.

Since the supply and demand relationship in the domestic steel market is not stable, it is difficult to estimate what kind of overflow price to invest and invest in shares is relatively fair; the best way is to jointly invest in a new company to build and operate new projects, and calculate profit and loss.

This is also the joint venture model that Meigang and Fuji Iron are now discussing. It is just that Fuji Iron has ambition to control Meixi Power Plant and the terminal, so Chen Huai has no intention of cooperating with it.

Since Song Hongjun had the idea of ​​investing in steelmaking, Chen Huai disclosed more financial information to him in the next two days. Since Yexin Bank wanted to conduct a new credit assessment for Meigang, Meigang's financial data for the first three quarters of this year was undergoing third-party audits. In addition to relevant financial data, on the night before Song Hongjun left Donghua, Chen Huai also specially summoned Zhou Zhibai, Chu Yiliang, Yang Haipeng, Zhu Li and others to introduce to them the materials for the Siyumins Industrial Group's upcoming elimination of the electric furnace steel production line.

In the VIP room of Pengyue International Hotel, which was rebuilt from the golf practice course, Chen Huai asked Zhao Dong to send the sorted materials to everyone. He stood up from the soft brown-yellow leather and personally introduced the situation of West Ouminth Industrial Group to them:

"I will go directly to the UK to see the production line in two days. If there is not much difference from the information, I will consider directly removing the line from West Ouminth to China. Moreover, as the production line that West Ouminth is planned to be eliminated, it is not within the limits of Western European countries for us. Similarly, West Ouminth is relatively advanced in China, so we will not be restricted when we introduce this line directly," said Chen Huai. "How large the final investment scale will be? It is difficult to say that the total investment scale can be estimated to be between 300 million and 500 million, and it may be higher; but what I value most is that adopting the second-hand production line of West Ouminth can shorten the entire project construction cycle, which also means that investment risks are easier to control..."

The total domestic steel accumulation is not particularly large, and the recycling system is also very imperfect. One of the main tasks that Pengyue has done in recent years is to open up the channels for the import of scrap steel from overseas.

Western European countries are the first regions in the world to complete industrialization. The total social steel stock exceeds 6 billion tons. A large number of equipment and steel components are scrapped every year, and new steel can be refined by back-and-forth furnaces.

In addition to studying in Europe in his early years, Zhou Zhibai also knew very well about the situation of Western European steel companies due to Pengyue's business development.

Although West Oummins Industrial Group is not good at steelmaking, its production capacity of one million tons can still occupy a certain position in Western European steel companies.

Zhou Zhibai looked through the printed information and generally knew that the materials collected by Chen Huai were more reliable. He thought that if Meigang could really take over the electric furnace steel production line of West Ouminth Industrial Group, which would be eliminated, with an annual production capacity of 400,000 tons, the declaration that Chen Huai and Xiong Wenbin said at the beginning of the year that Meigang would develop to a capacity of 500,000 tons within three years, and would work alongside the city steel mills, would be possible to be realized in advance.

Although Zhou Zhibai still had some opinions about Chen Huai, he had to admit that Chen Huai's means and courage to operate large industries were beyond his reach.

Chen Huai drafted a draft of a new project cooperation plan, which is also attached to the information of West Eummins Industrial Group.

Since we don’t know how large the overall investment scale of the project will be, the registered capital of the joint venture company established for a new project is tentatively set to be 100 million yuan. Meigang plans to invest 500 acres of project land and 10 million yuan in funds, and also provide comprehensive technical and management support, accounting for 40% of the equity. Meigang’s management can invest up to 15 million yuan in 15%, and the remaining registered capital gap of 45 million yuan will be recognized by each company first. If there is still a shortage, it will be considered that Hong Kong or foreign countries will attract other capital to participate in the project.

Although the investment in the entire project will definitely exceed 100 million, if there is 100 million start-up capital, the preliminary work can indeed be carried out quickly.

Even if the negotiations with West Ouminth are not going well, the new project company has 100 million yuan of start-up capital in its hands, and can still choose other steel projects for investment and construction. The key is to ensure the operation team of the new project company, and its level is not much different from that of Meigang at this time.

The people who were summoned for Chen Huai were slightly worse in the operation of industrial entities.

However, Song Hongjun went into business for many years, never ate pork or saw pigs running. He knew that many industries seemed to be very profitable, but they could not make money by investing money. The key lies in the level of the project operation team.

Song Hongjun was always surprised by the miracle created by Chen Huai. Perhaps he was too surprised, but Song Hongjun felt that Chen Huai was a little less reliable, but he went to Meixi Town twice and had deep contact with Meigang's management teams such as Zhao Dong, Xu Xiting. With his eyes, he could still see that their management level was above the level - Meigang's proud achievements also proved this very well.

Song Hongjun believes that the joint venture to establish a new steelmaking project, and Meigang will send someone to be responsible for the construction and operation, and there is still a basic guarantee.

At noon the next day, before leaving Donghua, Song Hongjun specially invited Mei Gang's management staff at Zhuxi Hotel to have further contact and exchanges.

This time, Song Hongjun went to Pingjiang City on the other side of Zhujiang to fly directly to Guangcheng. Chen Huai personally sent him onto the ferry. Before boarding the ferry, Song Hongjun simply agreed to Chen Huai. He planned to invest 10 million yuan in the new joint venture to participate in this project.

Nothing said in person. On the way back to Meixi Town from the ferry crossing, Sun Yalin had no good things from Song Hongjun behind her back:

"I think he is so rich and powerful. At the end, I only dare to use 10 million to test the waters. It's really blind to him..."

Chen Huai leaned against the soft pillow of the seat, tilted his head and looked at Sun Yalin with disdain for Song Hongjun, and smiled and said, "I am not as greedy as you. It would be good to raise ten million more; otherwise, I can count on more than that?"

He knew that Song Hongjun did not have unreserved trust in him at this time. This time he used 10 million to try investing in the joint venture. He was also moved by the popularity of the steel market in recent years, and there was no question of how much support he had.

In comparison, Pengyue was determined to invest 10 million at this time, and Chu Yiliang put out the profits of Ziluo Home Textiles this year and the profits of Penghai Trade this year by Yang Haipeng, and invested in the joint venture company. It can be said that he was determined to share the honor and disgrace with Meigang and tied it together.

Pengyue has made 40 million yuan in mortgage guarantees for the Zhuxi Road and Bridge project this year, and the loan resources are almost exhausted. In addition, Pengyue has invested a lot in other areas this year, so it is not easy to squeeze out 10 million yuan in funds at this time.

Zhu Li only holds shares in Zhujiang Construction, and Zhujiang Construction takes on the main burden of the development of Meixi Town and needs funds very much. Even if the project is profitable, it will not be dividends for the time being. Even if Zhu Li wants to participate in the joint venture at this time, he will have no capital.

Chen Huai has no particular hope for Song Hongjun for the time being. He has always believed that support is consistent with interests. Only by bringing enough benefits to others that others cannot replace can they receive unreserved support from others.

In the future, in the sidelines that may appear within the Song family, if Chen Huai wants to win over Song Hongjun's support, he knows that he has no particularly big bargaining chips at this time - Song Hongjun's support for him at this time is only to see that Meixi Town and Meigang are profitable.

"That's right," Sun Yalin stretched her hands with her pillow, stretching her waist, spreading her chest in front of Shen Huai without any concern, and said, "You are young and gentle. Although you are already a deputy director, Song Hongqi's position in the ministry is obviously much more valuable. Besides, I am much more powerful than you. Song Hongjun decided to support you without reservation at this time. Then his world of martial arts in the past few years is really useless..."

Chen Huai smiled slightly and asked, "The startup capital should be enough to raise 100 million as much as possible, and it is still 170 to 8 million. Zhongxin Investment, how much funds can it gather this time?"

"I can get a gap of 170 to 8 million. But I can only raise 100 million to start the project. The final investment scale will definitely be far less than that." Sun Yalin said, "I now mortgage all my shares in the family fund, and I have used up my personal connections I had previously operated. I can only raise so much money. I wish my dad could die two years earlier and continue the inheritance. But my dad is now full of excitement, and it seems that he can live for a few years. There is no hope for the inheritance. The key is that my dad still listens to my second uncle and thinks that we are just doing things in Donghua, and he refuses to give out another penny. After all, you kid made a big mess in France a few years ago. When others heard that they were involved with you, they immediately gave up. Even if I was implicated, I told others to have opinions..."

Although the Sun family is a wealthy family, the total assets of the Changqing Group controlled by it are nearly 10 billion US dollars, and it is ranked first in Europe, Sun Yalin is only the fourth generation junior of the Sun family. Her private money and share in the family fund are limited, including the more than one million US dollars she had previously taken out. This time, she plans to spend another two million US dollars, which is almost the limit that she can raise funds.

At present, the real decision on the development and investment direction of the Sun Family and Changqing Group is Sun Yalin's father and Sun Qiyi's generation - and the confidence and favorability of Sun Qiyi and others for Chen Huai are still negative at present. It is undoubtedly a fool to convince them to agree to directly invest in Meigang's new project.

"No matter that much, he can raise 100 million yuan of capital, and then borrow 100 million yuan from the bank. If there is 200 million yuan as a base, are you still afraid that there will be no road in front of the mountain?" Chen Huai was quite satisfied with being able to raise 100 million yuan of capital smoothly. He made up his mind to start the project first. If he really couldn't raise more funds, he could extend the construction period by one year, use Meigang's existing production line profitability to continuously transfusion blood for the new project, and generally keep the new project completed within two years.

Seeing that it was still early, Chen Huai planned to go back to Meigang first and the car arrived at Meixi Bridge. He received a call from Liang Xiaolin, who just served as executive vice mayor:

"The negotiator of Fuji Iron Manufacturing is leaving Xu Cheng to Donghua by car. In addition to the previous personnel, there is also the head of Fuji Iron Manufacturing Office Nobuo Yamazaki. News of the Shirot Steel was heard. Yamazaki Nobuo arrived in Xu Cheng by plane this morning, but did not participate in the negotiations between Fuji Iron Manufacturing and Shirot Steel, but came directly to Donghua this time. Secretary Tan was very happy to know the news and asked Mei Gang to prepare..."

Chen Huai also planned to brief him with Tan Qiping in the past two days, but went directly to the UK for field visits. Unexpectedly, he would hear the news at this time. He had a headache for a moment, pinched the tip of his nose, and wanted to throw his phone out of the car window. (To be continued)
Chapter completed!