The renovation of old cities in China faces various realistic difficulties, and the most important thing is the lack of money - Chen Huai will not explain this to Yasuda Tomomaru, Shinosakizawa, and Yamazaki Nobuo.

The Yasuda chaebol's global product sales reached more than 60 billion US dollars in 1996, and the total industrial output value of Huaihai Province could not even reach this number. Shenhuai was not worthy of Tomoma Yasuda, and Shinozakizawa could deeply appreciate the current real difficulties in China.

No matter how much I explained to them, they said "Why not minced meat", which is also a joke here.

Of course, Chen Huai would not think that Tomoma Yamada and Nobuo Yamazaki invited him to play, but he was so naive that he was embarrassed by the issue of demolishing the streets.

Chen Huai suppressed his slight displeasure and drank with Yamazaki and talked about some economic topics in a general way, but there was no nutrition. In short, you can't just sit and drink.

"I heard that Meigang is interested in selling some shares of the listed company, and for this reason it is actively looking for overseas buyers in London, Paris, Hong Kong and other places..." Asked by the way, Tomoe Yasuda asked.

Chen Huai put down the wine glass in his hand, looked at Yasuda Tomoe calmly for a few seconds before laughing: "President Yasuda's news is very well-informed. However, the news is a little bit off. It is not that Meigang Group wants to sell the stocks of listed companies, but that Zhongxin is looking for buyers for the stocks of listed companies they hold..."

Don’t say that the world is big, but the world’s truly top financial capital circle is so narrow.

Sun Yalin has been in Paris and London for a while, looking for overseas buyers for the shares of Meixi Industrial Co., Ltd., which is the listed company, and planning start-up funds for the Xinpu Refining and Chemical Project. As one of the core figures of the Yasuda chaebol's new generation, it is not strange that Yasuda Tomoe Yasuda can know the news in China.

To be honest, Chen Huai would not be surprised if Yasuda Zaibabo was interested in the stocks held by Zhongxin.

Chen Huai and Sun Yalin's initial plan was mainly to find buyers for this part of the stocks in the Chinese business capital circle, but the progress was not smooth.

Not that no one offered a price. The London Wujia through Berkeley Bank is willing to pay $50 million for the 60 million shares in the hands of Zhongxin. However, this is a big gap with Sun Huai and Sun Yalin Chaochu's expectations of selling $60 million. There has been no negotiation yet, so it is dragged there.

Changqing Group has more stringent requirements. It not only wants to acquire shares of listed companies in Zhongxin, but also wants to acquire shares of Xinpu Steel Factory in Zhongxin. The two are packaged and offer a quotation of 200 million US dollars.

When preparing for the Xinpu Steel Plant project, Chen Huai and Sun Yalin did not fail to raise funds from Changqing Group, but refused, and Sun Yalin was even ridiculed a lot.

In the end, Sun Qishan personally injected 50 million US dollars into Zhongxin Industrial Fund, allowing Zhongxin to raise 120 million US dollars in funds and injected them into the construction of Xinpu Steel Plant.

Now that the Xinpu Steel Plant is about to be completed, the rest of the Sun family are jealous.

It's okay if you're jealous, at least the offer is a little higher.

Not to mention the stocks of the listed company, the rest of the Sun family are only willing to pay 140 million US dollars for Zhongxin's holdings in Xinpu Steel Plant. Compared with Zhongxin's initial investment, it only has a premium of 20 million US dollars, which can only be considered better than nothing.

As a senior executive of Changqing Group, Sun Qishan did not refuse the request of the other people in the Sun family. Sun Yalin had no good temper and ignored it and came back.

It’s one thing that Sun Yalin comes back with emotions, but things still have to be done-

Since Yasuda's chaebol showed interest on his own initiative, Chen Huai could hold back and looked at Yasuda Tomomaru calmly.

Hearing Chen Huai's correction, Tomoe Yasuda also smiled faintly and said, "I heard that everyone in London and Paris searched for overseas buyers, but it was not particularly smooth..."

Chen Huai said: "It's not a matter of success or not. I believe President Yasuda has also investigated Zhongxin. The current relationship between Zhongxin and Changqing Group is just like the relationship between some of the more powerful companies and Yasuda Zaiba. It has both close ties, but also a desire to struggle to grow hard wings. I guess Yasuda Jun also has the ambition to make a world alone..."

Yasuda Tomoe was a little stunned. He thought Chen Huai was in debt for the past period and was in a hurry to raise funds. He expressed his intention to get a more positive response. Unexpectedly, Chen Huai's sharpness is really as sharp as a legend.

He naturally understood the relationship between the four trusts, Sun Yalin, and the Sun family behind Chen Huai and Changqing Group. The capital area involved in the Meigang system is relatively complex, but the Sun family has always been the core capital support of the Meigang system.

Of course, the Chinese grandfather family still cannot compare with the Yasuda chaebol at the capital level, but as a chaebol family with a family of more than 2 billion US dollars and a control of more than 10 billion US dollars, the internal relationships must be complicated.

It is true that Zhongxin was born from the Sun family. Sun Yalin himself is a junior family of the Sun family. The early main buyers of Zhongxin Industrial Fund were almost all Sun family members or investors with close ties to the Sun family. Zhongxin performed well in industrial equity investment. It is not difficult to understand that the Sun family wanted to merge Zhongxin into Changqing Group.

But at the same time, the believers may not be willing to return to the big family... Yasuda Tomoma knows the most about this mentality.

There are currently many industrial seed funds under Yasuda Zaibaku and Yasuda Bank, which are similar in nature to Zhongxin Investment, but the performance of industrial equity investment is not as outstanding as Zhongxin Investment.

So Chen Huai didn't say much, and Tomoe Yasuda could understand what he meant. At present, Zhongxin wanted to develop outside, so he preferred external buyers for its listed company's stocks. Even if this road is not working, selling the listed company's stocks to Changqing Group or other companies controlled by the Sun family is the last, and it can be said that it is a guaranteed choice.

Of course, this is also the first time I have been in contact. Neither party will reveal their trump card. Chen Huai knew that Yasuda was interested in buying, and Yasuda knew that Meigang was willing to sell.

The meal was finished quickly and the order was less than 200 yuan. This was probably the cheapest business banquet that Yasuda Tomosa and Yamazaki Nobuo experienced...

They did not stay in the restaurant, so they changed into a teahouse. Chen Huai, Yang Haipeng, Chen Tong and Sun Yalin returned to the city while drinking tea.

"Is Fuji Iron Manufacturing interested in the stocks in Zhongxin?" In front of Nobuo Yamazaki, Tomoe Yamada, Yang Haipeng, and Chen Tong would not speak casually, but when she sat down in the teahouse, Yang Haipeng couldn't wait to ask.

"Behind Fuji ironmaking is the Yasuda chaebol, and Yasuda chaebol also takes Yasuda Bank as the core, so whether it is Yasuda Bank or Fuji Iron wants to acquire this part of the stock, there is no big difference," Chen Huai said, "but the matter also involves the restrictions on foreign investment in the domestic securities market. Yasuda chaebol is more likely to acquire this part of the stock in the name of Yasuda Bank. Meigang also needs to collect Yasuda Bank's materials to make further judgments..."

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Tomoe Yamada, Nobuo Yamazaki, and Shinosakizawa walked to the street corner, waiting for the driver here, and drove over.

Getting into the car, frowned and said to Nobuo Yamazaki: "Chen Huai is so cunning. I might have been a little impatient just now..."

Nobuo Yamazaki also felt the same way. Although Chen Huai gave the outside world the impression of being domineering and domineering, the development of the Mei Steel System over the years is enough to prove that Chen Huai has extraordinary wisdom under the surface of being domineering and domineering. Tomoma Yasuda revealed his intentions too early, which is not a clever choice.

After all, it was because Yasuda Tomoe Yasuda had no contact with Chen Huai before, and he was still a little contemptuous in his heart, so he was eager to test it.

It is not too late for Yasuda Tomomaru to reflect immediately now.

Nobuo Yamazaki said: "At present, there are many rumors about Xinpu's debt in Donghua. I believe that Chen Huai is under great pressure. Especially in the backdoor of Xucheng oil refining, the cracks within the Song Dynasty have been made public, which directly limits the political support Meigang can get, and also makes some people in Donghua dare to act on Meigang. The situation is still beneficial to us..."

Meigang has reorganized and reorganized the listed company through the backdoor of Xucheng Oil Refining, and its listed company has been renamed Meixi Industrial Co., Ltd. In the future, it will focus on developing heavy industry industries such as steel and petrochemicals. Nobuo Yamazaki represented Fuji Iron and took root in Donghua for several years, and he is well aware of this.

After the completion of the new electric furnace steel project of Fuji Iron and Steel and Changqing Group, Meixi's electric furnace steel production capacity will reach a scale of 2.3 million tons. As for electric furnace steelmaking, this is already China's largest electric furnace steel smelting base, and there is still potential for further development in the future.

As for Meixi's current industrial development, it has entered a virtuous cycle in layout. Even within Yasuda chaebol, it is also given an excellent investment evaluation. Therefore, from the perspective of Fuji ironmaking, we must actively expand investment penetration in Meixi electric furnace steel-related industries, not maintaining the status quo, nor reducing it.

The shares that Zhongxin intends to sell this time account for almost 12% of the listed company's shares; it is corresponding to 12% of the electric furnace steel production capacity of Meigang Group - and the refining and chemical business that the listed company is about to develop is in line with Shijin Chemical, another heavy industry enterprise under Yasuda Caibao.

In addition to these two points, there is also a great temptation, that is, the shares held by Zhongxin can be transferred among overseas investors.

The Chinese securities market has officially allowed foreign capital to enter after the first Sino-foreign joint venture in 1991, but the opening is very small. The total approval quota per year is that, but there are too many foreign institutions competing for it, and Yasuda Bank does not have much advantage.

As a foreign investor, CITIC can hold shares of listed Chinese companies. In addition to the fact that CITIC had made real industrial investments in China before, it was mainly related to the fact that Meigang received political support from many aspects of listing on Xucheng Oil Refining, which made it deviately realize its purpose of entering the Chinese securities market. Even so, the part of the stocks held by CITIC, together with the stocks held by other shareholders, has been limited to a 24-month lock-up period, which is twice as long as the conventional lock-up period.

If Yasuda Bank takes over this part of Zhongxin's stock, it means that after almost twenty months, the corresponding funds will be able to be unfreezed in the Chinese securities market.

Although the total capital scale seems to be small and there will be a lock-up period of twenty months, it is a first move for the competition between foreign banks in the Chinese securities capital market.

This has not even been recognized by other foreign banks that have entered or want to enter China.

Although Fuji Iron and Steel Group have cooperation with the Provincial Steel Group and the Provincial Steel Group has plans to list in China this year, the province has made it clear that the listing of the Provincial Steel Group does not involve joint venture assets - so Yasuda Bank wants to copy the CITIC model and achieve the purpose of entering the Chinese securities market by detour. First, the re-layout cycle will be extremely long, and second, the possibility is very small.

In these three aspects, Yasuda Bank is willing to spend a lot of money to acquire this part of the stock from Zhongxin.

If you are willing and interested, but you cannot show it too early, otherwise you will be in a disadvantageous position in the negotiations. Therefore, Tomoma Yamada occasionally makes this intention look a little anxious and may have adverse effects. However, Nobuo Yamazaki believes that Chen Huai's situation is not very good at this time, and they still have an advantage in negotiations.
Chapter completed!