Resource Tycoon Reborn
Chapter 589 Accident
ps. Here is today’s update. By the way, I am asking for votes for the Qidian 515 Fan Festival. Everyone has 8 votes. If you vote, you will also receive Qidian coins. I beg you all for your support and appreciation!
"Master Fang, what are your views and suggestions on the fact that overseas companies do not like the cross-border mergers and acquisitions of Chinese companies?" Qi Shenghan said, with China's economic development, its comprehensive strength is getting stronger and stronger, although state-owned enterprises are losing money
, there are many companies with meager profits, but there are also many giants with sufficient capital to support their acquisition of other companies in overseas markets. Moreover, in recent years, in order for companies to achieve better development, it is also necessary to
In order to gain access to more overseas markets, the country still encourages domestic enterprises to develop overseas. However, the facts have taught many people that it is difficult for domestic enterprises to acquire enterprises overseas, and it is also difficult to operate them after the acquisition is successful!
"To be precise, overseas companies don't like cross-border mergers and acquisitions by Chinese state-owned enterprises." Fang Mingyuan corrected Qi Shenghan's statement, "Although they are also hostile to the acquisitions of private enterprises, but! No! Wrong! But it is still within the normal range.
.This is just like the reason why domestic people don’t like overseas companies acquiring our well-known companies.”
"Okay, so why don't overseas companies like cross-border mergers and acquisitions by my country's state-owned enterprises?" Qi Shenghan continued to ask.
"Let me answer this question." Zheng Jiayi said on the side, "Because although overseas governments also have state-owned enterprises, they only account for a very small part, and most of the enterprises involved in international trade are private. Enterprises. In the eyes of many foreigners, state-owned enterprises like Huaxia Aluminum Co., Ltd. are both large enterprises and branches of the government in the economic field. Their corporate decisions are often not considered from a purely economic perspective. Affected by the government's non-economic factors, and this kind of non-economic decision-making can sometimes bring benefits to enterprises, but it often has the opposite side. This makes foreigners think that after state-owned enterprises acquire those enterprises, There is no confidence in the future development of these enterprises and it is impossible to foresee. Moreover, my country's state-owned enterprises are often backed by state power. Even if they suffer losses, they are often subsidized by state treasury funds. This will make many people think that their country will be affected in the future. Businesses create de facto inequality…”
Qi Shenghan listened attentively, but smiled bitterly in his heart. Could it be said that he, the director of the Planning and Development Department of the State-owned Assets Supervision and Administration Commission, could not understand these things? He just wanted to find more topics to talk to Fang Mingyuan to find out.
More common languages can bring closer the relationship between the two parties.
Although the temperature outside has exceeded 32 degrees, it is cool and pleasant inside the Rio Tinto Group headquarters building in Melbourne.
President Kenan Westbrook walked in the corridor with a gloomy look on his face, while his two female assistants followed him cautiously. All the people in his company who met him along the way were as silent as a shudder and took the initiative to give in.
Come on, because everyone knows that President Westbrook is in a very bad mood at this time.
Just two hours ago, BHP Billiton Group publicly announced that its output of fifteen products had increased significantly last year, and the output of nine of them hit the company's record high or was equal to the record. Among them.
Iron ore, manganese and coking coal, which are closely related to the steel manufacturing industry, have the best performance. The production and shipment volumes of these three products have set new historical records for BHP Billiton Group Company! Moreover, BHP Billiton Group Company also disclosed 20
The pre-tax profit of iron ore in 2007 was US$27 per ton, with a profit margin of over 100%! This is undoubtedly the intention of BHP Group to push up the stock price and increase its own bargaining chip.
"Maria, you will draft a manuscript later. Release it to the media, announcing that the company's iron ore and aluminum output hit record highs last year, and that the company's operations are in good condition. Also, remember to declare that the company will
Lower costs and faster growth to achieve production capacity expansion!" Westbrook said solemnly. The acquisition of the company initiated by BHP Billiton Group has become a worry for Westbrook, which makes him have to think about it, but
Thinking about it makes me irritated. But what is gratifying is that this time BHP Billiton Group Company signed a long-term iron ore contract with Seaburg Steel Group Company. The original intention was to use this to push up the stock price to increase the time for the acquisition of Rio Tinto Group Company.
However, it caused a major reshuffle between the Haibao Steel Group Company and the China Iron and Steel Industry Association. The Chinese government clearly stated its attitude to the world, and the BHP Billiton Group Company was able to steal a handful of rice.
, although the contract signed between the two parties will still be fulfilled, BHP Billiton Group's connections in China have been greatly damaged, and these newly promoted people from China must be wary of BHP Billiton Group.
The contract signed with BHP Billiton Group Company stipulated that it must be jointly recognized by both parties before it can be announced to the public. However, BHP Billiton Group Company secretly revealed it, resulting in this major reshuffle. This has made those who want to cooperate with BHP Billiton Group
People who work with companies have to think more about the consequences.
Although the failure of BHP Billiton Group Company has reduced the pressure on Rio Tinto Group Company, it is only a little less! BHP Group Company is still aggressive, and Rio Tinto Group Company is still on the defensive and can only respond passively.
This made Westbrook very dissatisfied. But he could only blame his predecessor. In order to acquire Alcan, he not only emptied the cash of Rio Tinto Group, but also owed a large amount of debt. And Alcan
The private company failed to provide enough profits for the company, but instead became a black hole of losses, causing the company's stock price to plummet in the British and Australian stock markets, which gave BHP Billiton an opportunity to take advantage of it.
Now the Rio Tinto Group is under great pressure, not only because the losses of Alcan need more profits to cover, and the huge debt is facing the repayment of principal and interest. What is important is that the Rio Tinto Group is in the global financial market.
Loans are difficult! On the one hand, it is because of the impact of the subprime mortgage crisis in the United States. Major financial institutions have suffered considerable losses, so they are reluctant to lend money; on the other hand, because BHP Billiton Group Co., Ltd. is working with companies including Barclays Capital, Swiss Capital, etc.
Negotiations were held with a number of banks including Silver Group, Goldman Sachs, HSBC, Citibank, BNP Paribas and Spanish International Bank, hoping to obtain financial support from these banks to meet the funding needs of BHP Billiton Group Company's merger with Rio Tinto Group Company.
This series of well-known names in the global financial community not only limits the loan recipients of Rio Tinto Group Company, but also makes banks that might otherwise lend to Rio Tinto Group Company hesitant. Moreover, BHP Billiton Group Company and so many other companies have become hesitant.
Bank negotiations have also led many analysts to believe that BHP Billiton Group Company is likely to propose a hostile takeover plan to forcibly acquire Rio Tinto Group Company.
If it weren't for the fact that Alcan could no longer sell it at the original high price, Westbrook would really want to sell this hot yam! If the world's largest aluminum company were acquired by BHP Billiton Group, then
It’s all clouds!
Today's Rio Tinto Group Company can be said to be panicked, just like a criminal suspect waiting for a verdict. According to the deadline set by the British Mergers and Acquisitions Commission, BHP Billiton Group Company must file a lawsuit by February 23, which is tomorrow.
A formal plan to acquire Rio Tinto Group companies. Otherwise, it will have to wait another six months before a new acquisition plan can be proposed.
The last time BHP Billiton Group Company bid for Rio Tinto Group Company was for every three BHP Billiton shares to be exchanged for one Rio Tinto share. But the news that Westbrook has learned so far is that the bankers in BHP Billiton Group's think tank have proposed
Raise the bid to 3.2 BHP shares for every Rio Tinto share and nine pounds for one Rio Tinto share. BHP Group companies may be raised to a ratio of 3.5 BHP shares for one Rio Tinto share. If it is the latter option.
, which means that the total transaction volume will exceed US$150 billion!
"Kelly, how much of our British company's shares has China Aluminum Co., Ltd. acquired so far?" Westbrook asked.
The silver-haired female assistant walking behind him quickly took two steps and whispered against Westbrook's back: "According to our statistics, they should have acquired almost 2% of the shares, with a total value of 24%."
About 100 million US dollars.”
"That's it?" Westbrook said in surprise. He originally thought that he had always wanted to invest in Rio Tinto Group but never had the opportunity. Now that he has the opportunity, China Aluminum Co., Ltd. should acquire more than 10% of the shares.
Shares. Those words will undoubtedly make Rio Tinto Group's stock price on the British stock market stronger, which will also bring greater trouble to BHP Billiton Group's acquisition.
"Yes, we are also trying to find out the reason." The female assistant said with an embarrassed look. This number is indeed a bit beyond everyone's expectations.
Westbrook opened the door to his office. He walked in and sat behind his desk. To be honest, they chose Huaxia Aluminum Co., Ltd. after several considerations. Although it has a background with the Chinese government,
At most, it can only obtain more than ten percent of the shares of the British company of Rio Tinto Group, which is less than 10% of the total shares. This has an absolute advantage for shareholders in Europe and the United States, and the company's assets are mainly located overseas in China.
For Rio Tinto Group, Huaxia Aluminum Co., Ltd. has no say in the company's board of directors at all. At most, it can only appoint a director. And if other companies acquire these shares, it is likely to
This caused an imbalance in the board of directors of Rio Tinto Group Company, and even simply surrendered to BHP Billiton Group Company. Many shareholders of the two companies overlapped, which was also a headache for Rio Tinto Group Company.
"Is there any news from Alcoa?" Westbrook asked in a deep voice. If Rio Tinto Group's stock price cannot be stronger, then once BHP Billiton Group's new acquisition plan is announced,
It might cause big trouble, a risk he didn't dare to take.
"No, there is no news." Maria's female assistant hesitated and said, "However, there is news from the chairman that the co-presidents of Hong Kong Kumho Film Group Company and Kuok Shipping Group Company are now
Should be in Perth, Western Australia.”
"Huh? Are you in Perth?" Westbrook immediately cheered up and picked up the phone from the table.
"Master Fang, are you sure this is the government building of Western Australia?" Qi Shenghan asked Fang Mingyuan in disbelief as he stood in the parking lot and looked up at a three-story red building less than a hundred meters away.
Although Australia has a relatively small population of just over 2 million people, it covers an area of over 2.5 million square kilometers. How come its state government building looks even bigger than the town government building in a wealthier town in the country?
Not as good as!
"Oh, Director Qi, I assure you, this is our government building in Western Australia!" Cruz Bisef Bruce, who was standing behind him and is now the deputy governor of Western Australia, smiled.
, a strong contender for the next governor. And his brother, Stanley Bisef Bruce, has become the deputy speaker of the Western Australian Parliament. Many Australian media have been speculating whether in a few years,
In Western Australia, there is an unprecedented event where brothers serve as Speaker of Parliament and Governor respectively. The reason why the two brothers can achieve such results is inseparable from the Fang family's investment in Western Australia.
Australian citizens in Western Australia are very realistic. They will choose whoever can bring them more jobs and make their lives better!
The Fang family is now not just the Haiping Mining Company in Western Australia. Many of its companies have landed in Western Australia. The Guo Shipping Group Company not only has to transport a large amount of iron ore from Western Australia, but also provides services for them.
A large amount of oil and commodities are transported. Carrefour supermarkets have been established in major cities in Western Australia. Jiuchi Travel Agency is now the largest travel agency in China and Western Australia. Every year, many employees of the Fang family’s companies come to Western Australia.
University or vocational institution training, including Western Australia's famous aviation pilot training institution Perth General Flight Services... These have brought huge benefits to Western Australia.
Moreover, with the development of China's economy, the China market has become the most important source of trade surplus in Western Australia!
[515 is coming soon, and I hope to continue to hit the 515 red envelope list. On May 15th, the red envelope rain will be able to reward readers and promote the works. It is also love, and I will definitely update it!] (To be continued.)
Chapter 589 Accident:
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