In order to avoid the impact of the Thai baht again, the Thai government locked down the channels for foreign capital to withdraw directly. It is impossible for Changqing Group to directly withdraw huge investments from Thailand at this time.

However, if you can get the iron ore order from Xinpu Steel Plant, you can use its assets or equity in hotels and real estate companies in Thailand to replace them with Thai mining companies to achieve the purpose of risk dispersion and hedging.

Chen Huai didn't say anything, Sun Yalin sneered from the side and said, "You really have the plan. In Paris, I kept coaxing and cheating, asking me to transfer the equity of Xinpu Steel Factory held by Zhongxin to Changqing to take over, and not tell the truth without telling the truth. I saw that I couldn't hold it anymore and shook my tail..."

Sun Yalin activated the group of satirical skills, and even she didn't let it go.

Song Hongjun smiled; Chen Huai looked down at the smoke burning in his hand.

Now it is certain that Changqing Group is trying to acquire shares in the listed company and Xinpu Steel Plant held by Zhongxin in a package. In addition to this, it is a stable industrial investment, it also wants to use the ore orders of Xinpu Steel Plant to hedge its investment risks in Thailand.

They had this intention, but they deliberately concealed it. Even Sun Yalin's father didn't tell the inside story. After all, they were afraid that he would be gloating and watch Changqing Group's investment in Southeast Asia fail?

Now the crisis is becoming more and more urgent, and when it cannot be dragged down, it has to take the initiative to unveil the trump card.

"Chen Huai, what do you say?" Sun Qishan knew what his daughter had, so he asked Chen Huai's opinion directly.

Chen Huai bullet fell from ashes and said with a smile: "If Changqing Group had more than 30 to 50 million US dollars in the previous bid, we might have bitten the hook..."

Sun Qishan smiled awkwardly and said, "This is not something I can decide."

Chen Huai could understand Sun Qishan's complex situation. He personally occupies a huge share in the equity investment fund of CITIC Industry. The greater the profit in equity transactions, the more dividends he can get - but in the whole matter, he had to succumb to the overall will of the board of directors of Changqing Group.

Sun Qishan's personal assets are more than 100 million US dollars, but with these personal assets, Dingtian is considered a rich man in Western European society; Sun Qishan's real status in the Chinese capital circle is still directly linked to the Sun family and his position as executive director of Changqing Group.

Of course, even if Sun Qishan came on behalf of Changqing Group, Chen Huai temporarily suppressed his previous friendship and said with a smile: "Thailand's economic crisis is really as serious as what cousin said. Mei Gang can wait for Thailand's full economic crisis to go directly to trade with Thailand's mining companies..."

"Okay, okay, there was a bit unhappy between you and Qiyi before, but it was not beneficial to hold on and fight," Sun Qishan was not annoyed. When the peacemaker smiled, "Mei Gang has some advantages, but lacks the means and capital to turn the advantages into real profits, so it's better for everyone to sit down and talk..."

Chen Huai glanced at Sun Qiyi and said, "Why wouldn't I not listen to my uncle's words? Besides, Xinpu has also encountered some financial pressure. My uncle didn't say it clearly, and he was also taking care of our younger generation's face..."

There are no eternal friends, only eternal interests. If you sit down and watch Sun Qiyi be in trouble, it will not be of any substantial benefit to Mei Gang.

Seeing Du Jian walk in, Chen Huai asked, "Is the dinner ready?"

Du Jian nodded, and Chen Huai said again: "You call Mr. Zhou, Mr. Chu, Mr. Zhu, or Mayor Xiong, Secretary Chen Bing and others and ask if they have time to come and have dinner together?"

I didn't consider discussing such a complicated matter before, so Chen Huai did not arrange for more people to participate in the reception of the dinner.

Although this time, the investment of 1 billion or 800 million US dollars in Southeast Asia was only adjusted for Changqing Group, the Meigang Group's overall strength is still very weak. Participating in these investment adjustments of Changqing Group will have a very far-reaching impact on Meigang.

Moreover, Thailand's economic situation is very critical and there is not much time for everyone to sit down and exchange opinions calmly. Chen Huai wanted to call Xiong Wenbin, Chen Bing, Chu Yiliang, Zhu Li, and Zhou Zhibai directly to participate in the next conversation, and not waste time unnecessary.

Sun Qishan also laughed and said, "Qiyi is still in charge of Changqing Group in the Asia-Pacific side. I came here to be a peacemaker, so you will sit down and discuss it in detail next time. However, I also want to mention something. The group mainly hopes that the Asia-Pacific business can be properly contracted at present. It is unlikely that large-scale investment in Xinpu will be invested..."

Changqing Group's investment in Southeast Asia is currently facing a major crisis. It is unrealistic to let Changqing Group directly invest in the Xinpu Refining and Chemical Project, which they think is extremely risky. Sun Qishan did not want them to propose this as a condition, and Chen Huai nodded to express his understanding.

Sun Qishan is still quite enterprising in personal investment, but the investment orientation of the entire Changqing Group is not something he can personally change.

*********************

The exchange after the dinner lasted until one o'clock in the morning.

After sending Xiong, Chu and others away, Chen Huai and Sun Yalin returned to Sun Qishan's room and said with a smile: "If my cousin had told us about the situation in Southeast Asia, he would not have been so passive. A considerable part of the iron ore orders have already signed a long-term agreement for West Ore, and the remaining share is not much..."

Sun Qishan sighed lightly and said, "Before I arrived in Hong Kong, Qiyi did not fully reveal the truth to the headquarters. It was after the Thai baht was directly impacted by hedge funds at the beginning of the month. He saw that he could not hold back and told the truth. Alas, no matter what, he still had to wipe his butt first. How big can you take out? Please give me a briefing..."

Before the economic crisis, Thai mining companies were struggling with mud and sand, and it was difficult for them to protect themselves. The larger the orders Changqing Group received at Xinpu Steel Plant, the higher the initiative in negotiations with Thailand's mining industry.

Chen Huai sucked his mouth and said, "The two blast furnaces in Xinpu Steel Plant are designed according to the capacity of 3.5 million tons of iron smelting, but as long as the domestic market permits, the blast furnace may be put into production, and it may be put into another one million tons. But this bottom, I will not even pay Siyumins and Feiqi Industrial..."

"Is there such a large margin?" Sun Qishan asked in surprise.

"It's not surprising. Meigang Factory No. 2 has designed it with a design of 600,000 tons last year, and it ran 800,000 tons. The entire production line is still quite stable," Chen Huai said with a smile. "There is a big gap between the industrial standards of Europe and the United States and the actual production in China. This is basically a public fact."

During the mid-to-early 1990s, although China's economy continued to grow high, it could not affect the world economic structure - this relationship also reflected in China's steel industry.

Although China's steel production continues to rise, it mainly relies on domestic low-grade iron ore, and the overseas iron ore trading market is mainly concentrated in Europe, the United States, Japan and South Korea and other regions.

Affected by the long-term sluggish real economy in Europe and the United States, the overseas iron ore market has been in a negative growth period since 1994. As one of the few iron ore exporters in Asia, Thailand's iron ore companies had already had a very difficult life before the economic crisis.

Previously, Meigang and Siyumins jointly built Xinpu Steel Plant with Feiqi Group, which was bound to an iron ore supply agreement. Siyumins and Feiqi Industrial participated in the joint venture, not only optimistic about China's economic development and emerging markets, but also to boost its iron ore and shipping business.

Of course, Chen Huai would not agree that Xiyumins and Feiqi Industrial would be fully responsible for the supply of iron ore at Xinpu Steel Plant. As the controlling shareholder of Xinpu Steel Plant, Meigang cannot give up all the interests in iron ore trade. Therefore, the long-term iron ore supply agreement originally signed with Xiyumins and Feiqi only agreed to a quantity of 3 million tons per year.

The designed production capacity of Xinpu Steel Plant is 3.5 million iron and 3 million tons of crude steel. In actual production, iron smelting can reach 4.5 million tons. This means that the actual demand for iron ore here can reach up to 700 million tons.

After deducting the long-term supply agreement with Siyumins and Feiqi Industrial, Chen Huai can also decide who to hand over the order of four or five million tons of iron ore to the company - this is the bargaining chip.

This amount was really surprising to Sun Qishan. Before he came over, he thought that even if he could deduct one million tons of iron ore orders from Xinpu Steel Plant, it would be a good result, and his lack of potential would be much greater than he imagined.

If Changqing Group can grasp the iron ore demand of Xinpu Steel, it can not only trade with Thailand's mining industry, but also trade with shipping companies. Due to the continued sluggish overseas iron ore transactions, the corresponding shipping companies in Southeast Asia are also in a torment.

"Okay, please make the conditions..." Sun Qishan said.

"Cousin, you are the main investor of Xinpu Steel Plant. How dare I make a provision for you?" Chen Huai said with a smile.

"Don't be careless with me. I see you, I almost laughed out loud..." Sun Qishan said with a smile.

"Cousin, what you said is still very reasonable," said Chen Huai. "Meigang is still very weak now. Even if there will be some advantages in a short period of time, it lacks effective means and capital to convert advantages into real profits. Meigang's future goal is to enter the overseas iron ore market, but it does not have this ability at present. However, we are already doing this in shipping..."

"You said..." Sun Qishan said.

"If Changqing Group can replace one or two iron ore ships in Thailand, can it be added to Xinpu Shipping Group? The two parties can be considered a joint venture, which can further balance Changqing Group's investment risks in the Asia-Pacific region - of course, if Changqing Group replaces too many iron ore ships and the tonnage is too high, we will not be able to digest them."

Xinpu Shipping Group has just started, and after merging several shipping businesses, its total assets are only more than US$100 million. Even if the current prices of international second-hand iron ore ships have dropped sharply, it is not something that Xinpu Shipping Group is now able to acquire.

If Changqing Group can replace one or two second-hand iron ore ships with hotels and real estate assets when hedging the investment risk in Thailand, and then inject them into Xinpu Shipping Group in a joint venture, it can effectively expand the assets and business scale of Xinpu Shipping Group.

Of course, Chen Huai does not want to lose control of Xinpu Shipping Group in this process, so at most, at the price of large second-hand iron ore ships, this place can only accept two old iron ore ships of 30,000 tonnes.

"This is indeed of great help to balance the investment risks of Changqing Group in Southeast Asia. Changqing Group is mainly balancing risks at the moment and will not be willing to compete for control. Don't worry," Sun Qishan nodded and said, "But your conditions cannot be so low, right?"

"It's not a good habit to take advantage of the situation,"

Chen Huai said, "While making money is enough, it also means turning the market to death. My second cousin and I had personal unhappiness before, but it does not mean that Changqing Group may suffer major losses in investment in Asia-Pacific. I have the ability to help the top leader choose to watch with gloating. If there are other conditions, I also hope to be as in line with the interests of both parties as possible..."

"..." Sun Qishan nodded and said, "It would be great if you think so. It can also dispel some of the doubts of others and prevent me from being stuck in it."

"Cousin, you also said that Changqing Group will not be able to expand its investment scale in the Asia-Pacific region in the near future. However, I think what if Changqing Group transfers its production capacity? Transfer the production capacity in Southeast Asia and transfer it to Xinpu Lai, is this feasible? I have calculated the economic account. Thailand's per capita labor cost is four times that of Xinpu current, and Malaysia's labor cost is higher. This is why this is also an important factor in the decline in the export volume of electronic products and clothing in Thailand and Malaysia in recent years. We are not clear about how serious the economic crisis in Thailand is, but from this point of view, Changqing Group's transfer of production capacity is also a rational choice. Changqing Group has invested a lot in Thailand's electronic factories in Malaysia. Selling land and factory assets in front of us, acquiring equipment assets, and then transferring to Xinpu to build a new factory in the form of second-hand equipment exports should also further hedge the investment risks in Thailand."

"Huh," Sun Qishan said with a smile, "You kid is forcing me to retire early!"
Chapter completed!