Steel Tycoon Reborn

Song Hongjun came to Donghua this time, mainly to talk about investment.

Although attracting investment is mainly political work, Hongji Investment, as a private equity investment fund, has key investment areas in Xinpu and Huaihai Bay. Quickly, Hung Kai Investment in Hong Kong and Southeast Asia will be more attractive to diversify capital.

During this period of time, Song Hongjun's main energy was to cooperate with Xiapu to attract investment for Chinese businessmen in Hong Kong and Southeast Asia.

Before this year, the total amount of foreign investment imported from Southeast Asia had reached a relatively high scale, but these investments were mainly concentrated in the southeast coastal areas, export-oriented and labor-intensive light industry.

The mode of processing with incoming materials, processing with incoming samples, assembly with incoming parts and compensation trade has long been the mainstream of domestic investment promotion. In the past two decades, there have been more than 20,000 factories and enterprises relocated from Hong Kong to the Guangzhou-Shenzhen area, involving an investment of more than 400 billion Hong Kong dollars, but almost all of them are concentrated in labor-intensive industries and rarely enter the infrastructure. And metallurgy, heavy chemical industry, large-scale machinery and equipment manufacturing and other industrial fields.

The two major projects of Xinpu Iron and Steel and Xinpu Refining and Chemicals that Hongji Investment have participated in before belong to the large-scale heavy industry and heavy chemical industry, and the location is inland, not the southeast coastal area familiar to Chinese businessmen in Southeast Asia. Therefore, Hongji Investment raised industrial capital. There is not much market among Chinese businessmen in Hong Kong and Southeast Asia, and their influence is also very limited.

In contrast, Zhongxin used the influence of the Sun family to raise industrial capital mainly in Western Europe, and its development situation is far better than that of Hongji. The scale of industrial funds has exceeded one billion US dollars—even in the overseas investment market, it is also among the top companies. Enter the ranks of middle equity investment funds.

Behind the scenes, Berkeley, BNP Paribas, and Chinese businessmen in Western Europe who can be influenced by the Sun and Wu families are also optimistic about the development of Zhongxin Investment.

Even Evergreen Group's direct investment is more concentrated in electronics, hotels, shopping malls and other industries, while cross-industry investment in the Asia-Pacific region is more inclined to be implemented through industrial investment funds such as Zhongxin.

After the outbreak of the Asia-Pacific financial crisis, the Southeast Asian investment market was mourning, but for Hongji Investment, it has won great development opportunities.

The Asia-Pacific financial turmoil, in addition to the severe blow to the export-oriented and labor-intensive light industry, has also caused more people to see the fatalities of the scattered and narrow markets in Southeast Asia.

Even though most of the Chinese businessmen have not recovered from the impact of this round of economic crisis, thinking about waiting for the worst time in the torment, there are still many sharp-eyed people who have seen the population of 1.3 billion in the mainland The advantages of the formed market can be seen in the foundations laid by the construction of the industrial system in the mainland since liberation and the development of reform and opening up in the past two decades for the further development of the economy.

Investors who acted a little faster have already begun to act.

As of this time this year, Xiapu County has negotiated and introduced as many as 56 direct investment projects from Southeast Asia, with a total investment of US$120 million. Coupled with the large-scale industrial projects directly invested and constructed in Xinpu by overseas investors such as West Umins Industrial Group, Xiapu County will directly introduce overseas investment this year, which can still exceed an astonishing US$400 million.

The development of Hongji Investment was relatively slow before, but in the first half of this year, the newly raised capital exceeded US$200 million, with a total scale of US$500 million.

In addition to raising more industrial capital and expanding the scale of Hongji Investment, Song Hongjun's more important job is to invest the raised capital into specific projects.

The Asia-Pacific financial turmoil has been going on for more than a year, and the crisis is still likely to deepen. Hong Kong and Southeast Asia are really mourning, and the most severely affected are shipping by sea.

At present, Song Hongjun is in contact with a listed container shipping company with a capacity of 40,000 TEUs in Hong Kong. The market value of this company was as high as 10 billion more than a year ago. At this time, it has dropped by three-quarters; Upside down and insufficient business, the operation of shipping companies is also difficult.

And the controlling shareholder behind this listed shipping company has suffered even more losses in this financial turmoil, and needs a lot of money to fill the gaps in other businesses.

Simply selling the stocks of shipping companies in the open market will only lead to a further plunge in stock prices; and the current economic situation is likely to deteriorate further, and no bank is willing to accept stock-pledged loans.

Song Hongjun has recently had frequent interviews with the main shareholders behind the shipping company, that is, he plans to integrate the container shipping business of Xinpu International Shipping Group, which is not very popular, and a container terminal berth just built at Xinpu Port at the end of April, plus Hongji. , Zhongxin's HK$400 million in cash will be placed in the Hong Kong-listed company in exchange for 40% of the new shares.

Although the first phase of Xinpu Port Container Terminal has completed berths, it has been in trial operation for more than three months, and the throughput has reached 3,000 or 4,000 TEUs. It is expected to reach 20,000 TEUs next year. Hard to get a ranking.

However, the growth of domestic import and export trade has also seriously stagnated this year. The shipping share of the old export ports has long been demarcated. The container shipping business at Xinpu Port has a limited growth rate in two or three years, but for a medium-sized container ship Yun Group, it is enough to take this new business.

In the future, Xinpu Port will not exceed Xucheng Port, and will become the main export port of Huaihai Bay and Huaihai Province. In the future, it will have a huge growth potential to guide the logistics of Henan, Anhui, Shaanxi and other Central Plains provinces and cities to go to sea in the future.

Therefore, Meigang Group organized the construction of this container terminal berth. Although only 600 million construction funds were spent in total, the room for future growth and the construction and operation rights of the second phase of the container berth are enough to replace 30% of the shipping company. Shares with a market value of HK$1.2 billion.

However, for the controlling shareholder and other shareholders behind the shipping company, they need to inject new business, assets and possible future growth space to stimulate the recovery of the stock price. This will make it easier for them to sell the stock at a higher price to cash out or pledge the stock to the bank for a life-saving loan.

Listed companies in Hong Kong have relatively dispersed shareholdings. If the cooperation is finally negotiated, they will hold 40% of the shares of the listed shipping company, which is equivalent to holding a controlling stake; at present, the controlling shareholder behind this shipping company holds only slightly more than 25% of the shares.

In this way, Meigang Group will be able to own a second listed company in Hong Kong.

The container transportation business of Xinpu International Shipping Group, the construction of the second phase of the berth of Xinpu Port Container Terminal, and the infrastructure construction such as transit and warehousing connected with highway and railway container logistics can all be specifically responsible by this listed company; The river port starts the construction of the container terminal.

After Hong Kong's securities market recovers, Meigang Group can also publicly raise development funds in Hong Kong through listed companies.

For Zhongxin and Hongji, as equity investment funds, in order to maintain operations and increase value, they must distribute dividends to investors, and even face redemption and withdrawal from investors. If you enter a listed company and carry out securitization, you will get the opportunity to reduce your holdings and cash out from the open market.

Now it is Zhou Zhibai who is specifically responsible for shipping and port construction. Zhou Zhibai also stayed with Song Tong in Xucheng. He would not turn back until after sending his sister-in-law on the train at night. Shen Huai and Song Hongjun returned to Xiapu first.

The negotiators of the shipping company would arrive at Xiapu two days later. Song Hongjun also did not expect that Huaidian Dongfang would be sent to the east by Zhong Limin, the provincial party secretary. sky.

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

Whenever Song Hongjun came to Xiapu, he would be amazed at the straight and open Meipu Avenue with greenery on both sides.

Although Hong Kong is an international metropolis, it has a large population and a narrow area. Even high-grade highways will not have such open green belts on both sides; Meipu Avenue, with a speed limit of 80 yards, is simply a Heaven, with the dense green landscape forests on both sides, is even more pleasing to the eye.

"Investors in Hong Kong, as long as they drive through Meipu Avenue, will have a lot of confidence in the future development of Xinpu, and they all boast that the construction is of a high level," Song Hongjun said with emotion, "The expansion of Jinghai Highway is also built according to this standard. Fast track?"

"As long as it is the main road in Xiapu County, the standard will only be higher, not lower," Shen Huai said. "This year, the debt of Xinpu Development Group will accumulate to 4 billion. will be tight again..."

"Guangdong State Investment has stabbed tens of billions of holes. I heard that Wang Yuan almost wanted to transfer Tian Jiageng to Guangnan, but the local resistance was too great. In the end, only one executive vice-province was transferred to deal with the debt problem," Song Hongjun said. " I said you should actually thank Hu Lin..."

"Why should I thank him?" Shen Huai asked.

"If he hadn't opened up the debt problem here in advance, once it was delayed until the end of last year, and the debt problem of Guangdong State Investment Corporation was exposed together, then the above will definitely not care whether you are wronged or not, and you will be stuck in the neck first. I told you to stop moving." Song Hongjun said.

"This is true," Shen Huai said with a laugh, "It was revealed more than half a year in advance, so that the province could seriously examine Xiapu's debt problem, and Xinpu Iron and Steel was put into production as scheduled. This year, only Xinpu Iron and Steel and the upstream and downstream industries it has driven Gathering together will add nearly 2 billion tax to Xiapu, so Xinpu will not be a problem if it bears 2 to 3 billion debts. If Hu Lin can survive for half a year, wait for the outbreak of the Asia-Pacific financial crisis and Xinpu Steel has not yet been put into production. At the same time, it's really hard to deal with giving us a sap..."

"Isn't it? Next time I want to meet him, I'll talk to him and see what he thinks," Song Hongjun said with a smile~www.wuxiaspot.com~ But the best time is missed, even if Xinpu Development The group's debt will further increase, and Hu Lin will not find much opportunity in this regard. "

"The nine units of Xinpu Refinery will be put into trial operation next. It is more optimistic that they will be officially put into operation before the end of the year," Shen Huai said. The construction progress is accelerated; and several chemical manufacturers who are interested in investing have also become much more active in their negotiations. By next year and the year after, I am confident that Xinpu Refinery will be able to drive an overall fiscal and tax increase of 2 billion. At that time, Coupled with the completion of the second phase of Hengyang Shipbuilding, the industrial and economic framework of Xiapu County at this stage can be regarded as a foundation."

"This is called laying a foundation?" Song Hongjun said at a glance, "By the next year, Xiapu County's total fiscal and tax revenue is conservatively estimated to exceed 10 billion. In your eyes, this is called laying a foundation?"

"The World Bank's definition of the dividing line for upper-middle-income or lower-middle-income countries and regions is that the per capita GNP must reach US$3,000. Measured by this standard, with a population of 900,000 in Xiapu, how much local GNP must be achieved? Is it a middle-income area? Donghua has a population of 7 million, how much local GNP should it reach? Huaihai Province has a population of 70 million, how much should the local GNP reach?”

Listening to Shen Huai's three consecutive questions, Song Hongjun also thought to himself:

Relying on the two leading projects of Xinpu Iron and Steel and Xinpu Refining and Chemical, the per capita GNP of Xiapu County will reach the standard of 3,000 US dollars this year, and it may more than double in the next year to exceed 6,000 US dollars per capita. In China, it is considered a high-income area, but Donghua with a population of 7 million or even Huaihai Province with a population of 70 million is still far from getting rid of poverty and backwardness.