Reborn in Hong Kong: The Tycoon Grows Up
Chapter 297 Northern Mining Company
While Bao Zixuan was negotiating with BHP Billiton, Blackstone Fund staff were intensively negotiating with Australia's Northern Mining Company.
Bao Zixuan not only wants to come to Australia to buy iron ore, he also wants to control a large Australian iron ore company. Only in this way can we not be threatened by others and be able to make our own decisions about everything.
In its previous life, Northern Mining Company was acquired by the British Rio Tinto Group around 2000, making Rio Tinto a global leader in the exploration, mining and processing of mineral resources, which shows the strength of this company.
Among all mining companies in Australia, Northern Mining ranks around 5th. In front are a few companies such as Rio Tinto, BHP Billiton, and Integrated Mining Company, which can be said to be quite powerful. It has 12 mines around the world, including 8 in Australia.
But now Northern Mining Company is facing a very troublesome problem, the steel market is sluggish. They had to shrink a lot of business, making the company's performance not good. It is not as deep-rooted as BHP Billiton and does not receive support from the government and banks. In the previous life, Northern Mining Company relied on loans to survive this crisis, but now large American companies are coming to acquire it. Not only will the bank not give you a loan, it will also call back your due loan.
The staff of Blackstone Fund have been in Australia for nearly half a year and have greeted all the governments and banks in advance. As a result, northern mining has not received the same support as in previous lives, and they are facing difficulties. Even though he knew that Dong Bao was coming to Australia to purchase minerals, and now that BHP Billiton had signed the contract, he could say that he had no hope.
Facing pressure from employees, banks and shareholders, Northern Mining finally relented. The most important thing is that Blackstone Fund will not participate in management in the next three years and will only supervise contracts and properties. This reassures the management and promises the government that as long as one worker is laid off, more than 200 new jobs will be created every year unless workers make mistakes. This allows Blackstone Fund to open up all the links.
When Bao Zixuan came to Northern Mining, all contract details had been negotiated. And a memorandum was formed, and the first phase of the acquisition money has been remitted to the account of the board of directors.
Seeing Bao Zixuan coming, everyone finally understood why Blackstone Fund acquired Northern Mining Company at this moment. All this is the new boss's plan, a plan to build the plank road openly and covertly to seize the old warehouse. However, it also left the people of Northern Mining Company speechless, after all, their strength did not allow it.
Originally, I wanted to buy it in the name of Bao Huodong Mining Company, but after adding so many shareholders, it was impossible for everyone to pay for such a large transaction. Bao Zixuan had not yet reached the point of making wedding dresses for others.
After communicating with Fok Yingdong and other original shareholders, he decided to pay for it himself. After all, even Huo Yingdong and others were a little worried about spending so much money all at once and carrying more than a billion dollars in debt. Although it seems that China is short of steel, no one could have imagined that it would develop so fast.
In the conference room of Northern Mining Company, Bao Zixuan signed the purchase agreement on behalf of Blackstone Fund. Blackstone Fund purchased the entire equity of Northern Mining with US$1.2 billion in cash and US$1.4 billion in debt. This has delayed the Japanese team's capital investment to a certain extent, but Bao Zixuan knows that this transaction will definitely be profitable countless times in the future, and can even rewrite part of the history of steel development.
Bao Zixuan has spent nearly $2 billion in Australia in less than a week and has not defaulted. All remittances were completed immediately, which made many Australian officials and people feel that Bao Zixuan wanted to increase investment in Australia. He may even immigrate here. If he can be kept in Australia, what effect it will have on Australia's economy is understood by the children playing the Black Cloud game on the street. Therefore, many organizations and government officials in Australia have sent invitations to Bao Zixuan these days, and there are countless parties and dinners.
Knowing that you have to hang out on other people's territory, you still have to give face to many people. After all, now that the acquisition of Northern Mining Company has been completed, it is impossible for Bao Zixuan to stay away from the demands of government officials.
Although he is not good at communication in this area, where is Bao Zixuan's identity now? As long as you can get over it, it's already a big deal, plus you have a good drinking capacity and good qualities. As a result, many legends about him spread among Australia's upper class society in a short period of time. People all know that the young rich man from Xiangjiang is a bold, generous and handsome guy. At the same time, Bao Zixuan has become the most popular person among Australian girls, and even one of the people they most want to marry.
The mining deal negotiations were completed, and Bao Zixuan began to inspect Australian agriculture. After all, this is a country that rides on a sheep's back and sits on a mine cart. The agriculture itself is very developed. Hutchison Whampoa's supermarket wants to expand into agriculture. It is not a long-term solution without its own farm.
Knowing that Bao Zixuan still wants to buy the farm, isn't this a transfer of assets? At least in the minds of many Australians, many people in Hong Kong in this era transfer their assets to Australia. Currently, Australia and Hong Kong are nominally under the jurisdiction of the United Kingdom. Therefore, the Australian people are not so resistant to the wealthy people coming from Xiangjiang, and they warmly welcome them.
Many agricultural officials in Australia began to introduce pastures and farms managed by the government to Bao Zixuan. In this era, except for Xiangjiang, few people came here to buy farms. After all, it was not as convenient as the United States and Canada.
Seeing the richest man in Xiangjiang coming to buy a farm, these people took Bao Zixuan wherever the farm was. Everyone knows that this is an owner who is not short of money. If it can develop in Australia, it will definitely boost the local economy.
Buying ranches and farms is not something that needs to be done in a hurry and requires a lot of research. Bao Zixuan will not decide to buy it just by slapping his forehead, but it is imperative to plan agriculture in advance. The follow-up work will be handed over to Heiyun's employees in Australia. Bao Zixuan only needs to make an impression in his mind.
Back at the hotel in the evening, Wu Guangzheng couldn't understand this young rich man. There is nothing else to do but work, and I feel like an ascetic. These days, he has seen many young and beautiful girls posting, but he has never seen Bao Zixuan being attracted to anyone. Wu Guangzheng was puzzled by what kind of person he was.
But Bao Zixuan is different from him. He has a wife and is the daughter of a shipping king. Even if he has the heart, he doesn't have the courage. But seeing Bao Zixuan, he suddenly felt that he was of a higher level and could still maintain restraint in such situations. This is a quality that a successful person should have.
It seemed that it would be a good choice to introduce this young man to Fourth Sister, and I heard that selling so many shares to Sha Dan Tong was to repay Zheng Jiajia's favor. That means that he has nothing to do with Zheng Jiajia in the future. It seems that marrying Bao Zixuan is a good idea. This time he came to Australia not only for negotiation and study purposes, but also to examine Bao Zixuan's character. Now it seems that at least the first level has been passed, it would be better to ask in detail!
Back at the hotel in the evening, the two of them drank wine and chatted in Bao Zixuan's room. Wu Guangzheng said with a smile: "I am a family man, and Bao Sheng doesn't like going out as much as I do. I see that many girls have hinted to you these days, are they also worried about the family?"
Bao Zixuan knew that Wu Guangzheng would not dare to go out, otherwise he would not be able to spare him when he returned home. Then he said with a smile: "I am a brother, so I don't have to worry about my family, but I don't have any feelings for these girls; maybe I want to pursue an ideal love!"
Hearing this, Wu Guangzheng could finally report the situation to his family, thinking that he had accomplished his task well this time.
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