Rebirth of the Official Business Route

Rebirth: Official Road Business Chapter 1020: Alternatives to Prevention in Case

The weather in Hong Kong in the middle of the month is hot. As an island city. The slightly fishy smell soaked in the air. Standing in the empty reception hall. Through the crowd and glass doors, I watched the light rain outside the hall. Outdoor water vapor is erratic and hazy. Walked to the door and watched a group of black birds flying low in the sky in the rain. Zhai Danqing took a breath. I think Hong Kong is really stuffy and damp. Suddenly Tang Jing, who was holding Zhang Ke's arm, came over and looked at herself.

"Ah. Are you talking to me?" Zhai Danqing was shocked. Asked. Fastest update of novel chapters

"Hong Kong. Do you have anything special to go to? Zhang Ke can't make any suggestion that makes people's minds." Tang Jing said.

Dan Qing stretched out a tail. Scratching his ears and temples gracefully. He smiled and said: "Jianye is relatively dry in spring this year. There is not much rain. Find a place to sit down. Look at the rain outside the window. It's a pretty good enjoyment for me-there is nothing special to go. Of the party."

"Then go to the beach. Listen to the weather forecast. The rain is getting heavier." Tang Jing said.

Zhang and they have no alcohol. Go directly to the pier near the hotel to find a coffee shop and sit down. The aroma of coffee was in the air. In the dimly lit shop online, the rain is getting heavier outside the window. Will feel a hint of luxury and decadence coexist. "Fiction" novel chapters are updated fastest

Zhang Ke is not in the mood to appreciate the petty bourgeoisie in the rain. Ye Jianbin and Sun Shangyi are going to meet with Liu Chengwei and some officials of the CNOOC listing working group at a coffee shop.

Among the three major domestic oil companies. China National Offshore Oil Corporation ranks the youngest. But the scale cannot be underestimated. The total assets of the oil exploration, production and sales business to be listed in Xianghai this time are nearly 24 billion. The net assets are over 11 billion. This is also the core asset of China National Offshore Oil Corporation. All are placed under the banner of CNOOC, a proposed market company.

CNOOC plans to raise US$1 billion in 24% of the Hong Kong Stock Exchange this time. Ten dollars is not too much. At this time, I can barely come up with 1 billion dollars.

Since its establishment, Kumho Corporation has raised funds of up to 1.6 billion US dollars in Southeast Asia through various segments. At this time, six hundred million US dollars were renewed. The mountain island port construction project and the 10 million-ton-level steel industry-based projects have ushered in the construction peak period, although they are currently undertaking the iron and stone import business of Dongshan Iron and Steel. On the one hand, the iron ore consumed by Dongshan Iron and Steel is limited. On the other hand, Kumho Corporation's capital strength is so strong. There are more financial means to reduce the use of cash. Kumho doesn't have it for the time being.

It's just that Kumho really wraps up 24% of Zhonghai's equity, which is no ordinary financial investment. It is a strategic investment that controls% of Zhonghai's equity. It can directly affect the development direction of CNOOC. To CNOOC’s management.

CNOOC and China National Offshore Oil Corporation, after CNPC, are the sole force for China to develop its offshore oil energy strategy. In other words, how can all the power at this time allow other capitals to exert influence and infiltration at the level of development strategy? Even if the central high-level officials were confused and opened the mouth. Those overseas oil giants and other capital forces will swarm over three feet after the smell of meat. Squeeze Kumho away.

Even financial investment through the public market of the Hong Kong Stock Exchange. Kumho cannot be too pushy either. Directly out of 300 million US dollars to participate in the shareholding ratio of the new stock bank reached 72% almost the limit-if Rong smoothly. Kumho Corporation has the most financial structure with a shareholding ratio of 5-6%.

Ye Jianbin, Sun Shangyi and Liu Chengwei walked in. Plus the entourage and driver. Crowded small cafes. It is the representative of CNOOC's stock bank.

Liu Chengwei didn't mind Zhang Xuan's meeting with him sincerely like this. During this period of time, he had tossed between the conference rooms all day long. When you see the long conference table in the conference room, you will feel disgusted. The strong coffee in this small shop makes people feel comfortable.

Although Kumho assumes a share of 4 dollars in financing. There is a lot of pressure on the remaining 600 million US dollars. In particular, Hong Kong media has recently had a lot of negative reports on CNOOC. Liu Chengwei and other CNPC executives have no experience in dealing with these issues and are still very passive.

Zhang Ke asked Liu Chengwei and others to open the door and said: "The situation is less optimistic than we previously expected. The economy is also a bit turbulent. North America has warmed up. Crude oil consumption in North America is also weakening. June oil prices are likely to go further. Decline. Let's discuss alternatives to failure."

Liu Chengwei is not sure that Zhang Yan can propose an alternative. He straightened his waist. Watching Zhang. Expect him to continue speaking.

"No new shares can be issued. You can also use the United Stock Exchange

Coupons. Kumho's direct bond subscription ratio can be mentioned higher. Queyou's financing plan can go smoothly. "Zhang said.

Liu Chengwei listened to Zhang so. The mood is quite complicated. Habitual thinking didn't make him have some doubts about Kumho's hot pillow. Take a look at Zhang Ke. He quickly took away the doubts from his eyes. There was still some shame in my heart. Kumho Mao is helping CNOOC Limited. This kind of doubt comes from really inexplicable. Unless CNOOC goes bankrupt and liquidates. If not. The creditor's rights formed by publicly bank bonds are much weaker to CNOOC than its direct shareholding.

Liu Chengwei knew that Kumho Corporation could hold huge sums of money. It was also raised through corporate bonds from Chinese commercial banks in Southeast Asia. To pay debt interest to investors. If it is Kumho then CNOOC will buy bonds. The debt interest that can be obtained from this part of the funds used will not be much higher than the debt interest to be paid. It can be said that it is almost unprofitable to sell. At least much lower than the expected return of equity investment. And this part of the funds used is huge. It will seriously affect the exhibition planning of Kumho Corporation. Liu Chengwei pondered for a moment. Looking at Zhang Ke. Still asked: "Why?" The tone was very sincere.

"I have learned that this financing is very important to CNOOC's exhibition to the national offshore oil industry." Zhang said. "Kumho is a commercial organization. It should take the pursuit of commercial profits as its own responsibility. Otherwise, it is the job-we have thought about it seriously. Kumho's interests can be aligned with the national interests. The road ahead can go further. Buying CNOOC Bonds. At least it won’t be a loss-making transaction. Let’s talk about it. The IPO plan does not mean that it will fail. I think there is such a precautionary alternative. It will make the pressure on the shoulders of CNOOC's executives a little less. Of course, we still have to promote the listing of new stocks as much as possible."

Ninety-nine years. Almost all of China's offshore oil exploration equipment relies on imports. Especially equipment for deep sea exploration and mining. The cost is an astonishing step. The cost of large-scale deep-sea drilling vessels is more than hundreds of millions of dollars. Zhonghai Stone does not have the strength to purchase directly. Even if rented. The daily rent is as high as two to three million US dollars. Although the Central Committee will firmly adhere to the development of PetroChina. But the country’s foreign exchange reserves are limited. At the same time, there are too many levels of strategic development that need to be supported. The foreign exchange support for CNOOC is limited. Overseas financing is a crucial step for the China National Offshore Oil Exhibition.

Ye Jianbin said: "I also urgently communicated with the senior management. If China National Offshore Oil Corporation is willing to preferentially lease offshore tankers, they can also participate in the bond subscription plan."

Participate in China Shipping Bonds. The direct income of Kumho Corporation will drop significantly. But it's not without benefit at all. CNOOC will successfully raise funds. It is bound to promote the development of the national offshore oil industry. The demand for offshore oil extraction and crude oil transportation equipment will surge. CNOOC entered the field of refined oil refining. The demand for long-distance transportation will also greatly increase. A large number of orders will be able to flow to companies that Kumho has a stake in, such as Nanyang Shipping and Dongshan Shipbuilding, Dongshan Iron and Steel. Increase the marginal revenue of Kumho Corporation.

Bank bonds are just a replacement plan. To dispel the concerns of CNOOC senior officials. It is also for CNOOC executives to agree to Kumho's further suggestions for overseas listing. Although CNOOC Limited can still issue bonds through the open market after its successful listing ~www.wuxiaspot.com~ but that is another concept.

At the moment, the media mainly question the impact of CNOOC's monopoly franchise. Zhang suggested that CNOOC's senior executives should respond more flexibly. on the other hand. It is hoped that CNOOC will push the main gate of the State Economic and Trade Commission to take a tougher stance on the monopoly of the oil industry.

CNOOC's overseas listing. The State Council attaches great importance to this. In addition to the exhibition of the offshore oil industry. China is actively promoting its accession to the World General Agreement on Tariffs and Trade. Promote the overseas listing of large state-owned enterprises. Plus the process of integration with the global economy. Increasing opening up is some of the preliminary conditions for promoting entry.

Although not counting on Zhongcai-to allocate an additional billion U.S. dollars to CNOOC. It is achievable to let the State Council’s voice be clear.

We talked a lot with Liu Chengwei and others in the coffee room. I also learned more about the difficulties CNOOC encountered in listing.

In the first half of 1997. The Hong Kong stock market is being enthusiastically sought after. As long as there are state-owned enterprises listed in Hong Kong for financing. Almost all have been subscribed for ten times and dozens of times. And CNOOC has not received any shadow orders at this time. And also consider that a considerable part of these shadow orders will be cancelled at the last minute. Strictly speaking. Kumho's commitment should also be included in the concept of shadow orders. It is impossible to sign a formal financial investment agreement.