Chapter 1001 Red Sun
"Mr. Liu, to be honest, it is difficult to acquire Fengshou Tunhe with the current assets of New China Foundation. Even if it is just our tomato assets, you cannot afford so much money. ”
Although Liu Yi knew that he was telling the truth, he did not intend to admit defeat like this.
“If Mr. Qiu really plans to sell, we can go for financing. I believe there will be many financial institutions willing to help us.”
Qiu Mingcheng continued: “Let’s not say whether it is possible or not. Success. Even if it succeeds, financial institutions will only provide 70% of the loan to Xinzhongji. If you want to get enough money to acquire Tunhe, you must obtain high-interest loans from private equity.
In the end, even if all this is successful, New China Base's debt ratio will exceed 80%, and it will also need to repay interest of more than 15% per year.
The interest on tomatoes is not generous.
To repay such a large loan, there must be no major changes in the international tomato market within at least the next five years.
Once a black swan occurs, demand will fall and prices will fall.
The only thing waiting for New China Foundation is bankruptcy.
Mr. Liu, are you willing to spend five years in this kind of suffering every day? ”
Liu Yi’s expression became serious.
Is he willing to live this kind of life?
Of course not.
Sleep with the tip of the knife on his head every day , over time it is estimated that the life expectancy will be shortened by ten years
"I can choose not to merge." Liu Yi said slowly.
If you lose someone, you don’t lose the battle, and you don’t lose face.
Qiu Mingcheng smiled and said: "Mr. Liu, the merger will be beneficial to both of us, and there are so many shopping mall industries, why hang on the tomato industry market segment?"
Said Handed over another piece of information.
“This is the information of Zhongyan Co., Ltd., which integrates Delong’s Tianyi Industrial, Hotan Cotton and other cotton spinning industries formerly owned by Delong. After one year of integration and development, it is now ranked nationally The ninth cotton spinning enterprise
The overall assets are 1.27 billion Chinese dollars, the net profit is 215 million Chinese dollars, and the current market value is 1.64 billion Chinese dollars.
The same is zero debt.
If integrated with Xinzhongji's cotton spinning business, Mr. Liu will not only obtain a listed company, but also further expand your market share in the cotton spinning industry.
The most important thing is that the cotton spinning industry is much larger than the tomato industry, and there is enough space for Mr. Liu to develop. ”
Looking at the information in my hand, the content is very detailed.
The most important thing is that he is really excited.
“How much money are you prepared to acquire Xinzhongji?”
Qiu Mingcheng breathed a sigh of relief.
It will be easier to just let go.
“After the acquisition of Provence, Xinzhongji’s assets (plus goodwill) are around 3 billion Chinese dollars, with a debt ratio of 70%. Considering the factors of goodwill and premium, we are willing to acquire it for 1 billion Chinese dollars. .”
Liu Yi shook his head, "The goodwill is too low. The current Xinzhongji brand is no worse than Tunhe, and we also have channels in Europe.
I think 1.5 billion is an appropriate number."
Negotiating specific purchase prices takes time and requires patience.
However, when both parties have generally reached an acquisition intention, the negotiation will not drag on for too long.
——
"Dong dong..."
"Come in."
Li Jinling pushed the door in and put the document in front of Xu Liang.
"Mr. Xu, this is the document we just received from Mr. Qiu. Fengshou has reached a merger agreement with New China Base.
Fengshou Tunhe has purchased 1.25 billion Huaxia coins. Acquisition of all red industry assets of Xinzhongji (tomatoes, wolfberries, red dates, safflower, etc.)
At the same time, New China Base acquired 65% of Zhongyan shares held by Hongyan for 1.2 billion Huaxia coins.
Now the contract has been signed and is waiting for approval from above. "
Xu Liang took it and turned over it.
"How much equity does Hongyan have left in Zhongyan shares? ”
“15%. ”
Xu Liang nodded slightly, "Sell it after one year of holding it."
"Yes."
Zhongyan shares have just been traded, which will inevitably cause the stock price to fluctuate, and it is not a good time to sell.
And what’s next is the biggest bull market in Big A’s history, so it’s natural to make a profit.
“After integrating New China Foundation, Tunhe’s assets are almost 8 billion Huaxia coins. If we continue to work steadily for a few more years, we will be a small industry giant with assets of tens of billions.
It's a pity that the tax filing documents from the United States have already been submitted, otherwise the 2 billion debt could be easily forgiven. "Xu Liang said.
Although the tax deadline for companies in Laos and the United States is April 15th, tax filing basically starts three months in advance.
It is now three At the end of the month, Hongyan's tax return documents have been submitted and there is no way to modify them
Write your own opinions on the documents
"Send to Qiu Mingcheng."
"Okay."
"What time is it?"
"3:19 PM."
"Has anyone received it?"
"Madam is already on her way."
Xu Liang nodded.
“How is the negotiation between Liu Qiangxi and Red Sun Group going?”
“It’s not going well. Red Sun Group has the largest share of the domestic pesticide market and has the core Technology, although Mr. Liu said that the controlling stake of Nanfu Battery could be transferred to him, Yang Shouhai didn’t seem to be very interested.”
“Does Mr. Liu have any other options?”
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"Mr. Liu said that in the domestic pesticide industry, except for Red Sun Group, there is no acquisition value for the time being."
Xu Liang understood what he meant.
The domestic pesticide industry is similar to other industries. It does not have its own core technology and can only produce some very basic highly toxic pesticides, such as dichlorvos and paraquat.
Environmentally friendly pesticides are all imported.
Those old capitalists are very cunning when it comes to robbing people.
In order to save foreign exchange and for domestic agricultural security.
The above began to promote technology research and development in the agricultural field.
The first one to bear the brunt is 'pyridine base', which is an alkaline substance in high-temperature coal tar processing products.
From 1849, when pyridine substances were first discovered in bone tar, to 1914, Russian chemists synthesized pyridine bases.
For nearly a century, this thing has always been a product of the laboratory.
It was the American company ‘Fantrous’ that truly realized the industrialization of pyridine bases.
The synthesis was achieved in 1943, and then the pyridine base gradually achieved industrial development.
However, the synthesis technology used in large-scale industrial production of pyridine is extremely complicated. For more than half a century since then, the core technology has been monopolized by a few multinational companies.
The role of this thing in the three fields of "pesticides, medicines, and veterinary drugs" is equivalent to the role of mobile phones in the "chip". It is also used in daily chemicals, food spices, feed additives, radial tires and other industrial products. important raw materials.
If you want to develop it independently, you must first master the synthesis technology of ‘pyridine base’.
Before 2000, no Chinese company was involved in the pyridine base industry.
For a long time, the global pyridine base industrial market has been mainly monopolized by foreign multinational companies such as Ventrus, Lonza, Jiyoulian, and Japan Guangrong.
China did not organize experts to carry out technical research until the 1980s, but after nearly two decades of research, it still achieved little results.
As a pioneer in the development of Huaxia pyridine bases, Red Sun began to independently develop pyridine bases in 1998, through the efforts of the technical team and the combination of foreign data.
In 2004, Huaxia’s first pyridine plant was successfully launched in Jinling. This was also a milestone in the development history of Huaxia’s pyridine base.
It is precisely because of this core technology that Red Sun Group can dominate the national environmental protection pesticide industry for more than ten consecutive years in the future, and even enter the top ten in the world at its peak.
Leaving aside the future, Xu Liang knows one thing very well.
Having the key technology for synthesizing 'pyridine base' is tantamount to laying the foundation for the field of pesticides. The follow-up only requires careful cultivation, continuous guidance and investment.
We can develop more environmentally friendly pesticide products with core technologies.
So, Denong wants to make a difference in the field of pesticides, especially in the field of high-profit environmentally friendly pesticides, and Red Sun is the best acquisition target.
"Ask Liu Qiangxi to bring him here, and I will talk to him personally."
"Okay."
The roar of the car came from the window, and Xu Liang turned his head and took a look , turned around and walked downstairs.
Li Jinling also followed out.
Come to the living room downstairs.
Two more beautiful figures trotted in.
The one in the front is wearing a long red down jacket, revealing a calf wrapped in jeans and white casual shoes.
Although he wears thick clothes, his tall figure of over 1.7 meters does not look bloated.
(End of this chapter)