Cao Mo and Ding Zhaoqiang negotiated a framework for the equity transaction between the two parties, but specific details including performance commitments, applications and payment methods need to be further negotiated.

It is impossible for Cao Mo to blame Shen Ji for all these things, but it is not that he can't trust Shen Ji, but this will make him look too weak in front of Ding Zhaoqiang.

This also shows that he needs to establish a certain industrial foundation in China.

Fortunately, the last time I returned to China, in addition to registering the shell company of Conero Trading, I also injected capital into Baocheng Certified Public Accountants in exchange for 20% of the equity and signed a business entrustment agreement with Chen Feng.

After Cao Mo sent Song Yuqing back to the hospital last night, he went home and sorted out the materials of Conero Energy first, and the next morning he asked Chen Feng to meet at a breakfast shop near his home on Xikang Road.

"Even Dongsheng's equity investment fund has to apply for 40 million US dollars of foreign exchange for overseas equity acquisition, which is more troublesome, we need to register a company in China, put the corresponding part of the equity into the company, and then directly use RMB to complete the transaction and reduce the overseas transaction quota,"

Cao Mo drank spicy soup and ate fried dumplings, and told Chen Feng some information about Conero Energy.

"Of course, we haven't discussed the specific details of the transaction with Hexi Fund yet, and we may need you to assist me at that time. I'm not very familiar with the relevant financial, income tax and other detailed rules in China, without your help to me, everything will be left to Hexi Fund to draft the agreement, who knows how many traps they will bury in it......"

Chen Feng came over after breakfast, but he still asked for a bowl of spicy soup, and felt that it was necessary to ease the irritated nerves.

The cocoa butter trade has been initially launched, with a cumulative sales of 12 million yuan in the first three months, and after deducting the costs of sales expenses, value-added tax on imports, customs duties, corporate income tax, etc., Conero Trade currently retains 1.8 million yuan of profits, and more than 9 million yuan of payables are retained in the account, which has not been remitted to Kanem.

Chen Feng didn't know Cao Mo's situation in Kanem, but from the profits retained by Conero trade and the payment due, it can be imagined that Cao Mo was doing quite well in Kanem.

Cao Mo is in his early twenties, he was able to buy an 8 million mansion in Xinhai, and in the first half of this year, he was able to transfer tens of millions of profits to China, no matter from which point of view, it is quite good, which makes countless people of the same age envious.

However, Cao Mo now told him that he wanted to transfer a part of his equity in Kanem Company, and the total transaction price exceeded 600 million yuan, how could he calmly accept this reality?

"Relieved?" Cao Mo saw Chen Feng drink a few words of spicy soup, choked and coughed, and asked with a smile, "This part of the equity of this transaction is more complicated, I personally only have about 320 million, which is not as terrifying as you imagined, and the rest is held for others......"

"You might as well not explain. Chen Feng couldn't help but say with a little resentment in his tone.

"I want to buy a cocoa butter food processing plant in or near Xinhai, I don't know if there is a suitable acquisition target?"

Although Chen Feng is very capable of cross-border cocoa butter trade, he is not proficient in cocoa butter processing.

Now he has no foundation in China, and if he wants to build a new food processing plant, he needs to find qualified and reliable factory managers, and then find engineering contractors to negotiate factory construction and equipment procurement, and recruit hundreds of employees for training in the process of factory construction, equipment installation and commissioning, various formalities, and permit applications.

After the completion of this series, it will be able to get on the right track in two years, which is already fast.

Cao Mo decided to prioritize mergers and acquisitions

。

Chen Feng has been exploring for more than four months, and he can be regarded as having completely figured out the industry.

The domestic cocoa powder processing industry can be traced back to the sixties, but the country is not the cocoa production area, until the end of the nineties, the scale of the entire industry is very small, and the cocoa powder and other raw materials needed for domestic food production are mainly dependent on imports.

In the mid-to-late nineties, some domestic manufacturers began to use cocoa residue skin and shell grinding powder to add flavors, pretending to be cocoa powder sales for profit, which was unimaginably high, which also led to the construction of similar food processing factories in Xinhai and Jiangsu and Zhejiang.

Of course, everything has a price.

On the one hand, low-quality cocoa powder manufacturers are dumping with each other and vicious competition, and the price has also dropped again and again. Those who use dregs and husks as raw materials to produce low-quality cocoa powder are no longer profitable, and are still in danger of being targeted by the food hygiene department.

On the other hand, the image of the entire industry in the past ten years has been too negative, so that some domestic manufacturers want to transform and produce high-quality pure cocoa powder, but in terms of brand image, they can no longer compete with foreign manufacturers and imported cocoa powder, not to mention that there is no advantage of origin.

Therefore, large and small cocoa powder processing plants in Xinhai and nearby areas, such as Xinxuan Food, still use pure cocoa powder to mix different proportions of husk and residue peel powder to meet the different needs of downstream food manufacturers and maintain their operations.

For many operators, the industry has become a chicken rib.

Xinxuan Food Company, which Cao Mo personally visited, may not be able to acquire it as long as the price is right, but the problem is that after the acquisition, in the domestic industrial environment, how to break through and develop is a headache.

Cao Mo must be acquired, and Chen Feng suggested that he register an offshore company in a relatively low comprehensive European and American region, and use the name of the offshore company to fund the acquisition.

In addition to enjoying preferential policies for foreign investment, this can also distinguish it from those domestic food enterprises.

Regarding the equity acquisition of Conero Energy, Chen Feng also suggested using overseas companies to complete the transaction as much as possible.

The Dongsheng family has a big business and great influence, and it is not difficult to apply for a foreign exchange investment quota of 60 or 70 million US dollars. After using an overseas company to complete the transaction, Cao Mo can not only enjoy various preferential policies when he returns to China with US dollars, but also wants to use the funds for domestic and foreign investment projects, which will be much more convenient.

Ordinary domestic-funded enterprises that cannot reach the level of influence of Dongsheng are still very difficult to apply for foreign exchange of 60 or 70 million US dollars.

Otherwise, how could there be such a large market for illegal foreign exchange trading in China?

"Is it possible for us to buy Xinxuan Food?" Cao Mo asked.

He visited Xinxuan Food on the spot, in addition to the inherent drawbacks of the domestic industry, Xinxuan Food's factory construction and internal operation are quite good.

"It should be possible to talk," Chen Feng said, "Some time ago, they got a batch of cocoa husks and dregs from Kanem and wanted to transport them into China, but they were seized at the customs. Not only was this batch of rotten garbage lost, but the whole thing was also reported to the food supervision department, and the relevant departments of Qingshan District are now increasing their supervision of Xinxuan...... I want to talk about it now, not only can I negotiate it, but the price will be relatively appropriate. ”

Cao Mo thought of meeting Guo Donghu at the Lana Dere Beach Casino, but he didn't expect this grandson to be so unlucky, thinking that this should be the first batch of garbage goods they transported directly back to Xinhai from Kanem, so he hit the gun hole directly.

"Okay, you can contact Xinxuan's investors to see if they are willing to sell the factory. Cao Mo said.

"You and your friends have breakfast here!"

Cao Mo turned her head and saw Yu Jing and Chen Chang looking at the door of the breakfast shop.

Yu Jing is still wearing pajamas

, sleepy-eyed look, it seems that the only day off has not slept enough, was pulled out by Chen Chang for breakfast; Chen Chang is wearing a short dress, Tingting Yuli shows two calves, and wears light makeup, she is the kind of girl who will dress herself up exquisitely even if she is at home.

"Well, my friend Chen Feng, come and talk to me about something, and by the way, invite him to drink a bowl of Hu spicy soup," Cao Mo said, "You are also Hu spicy soup and fried buns?" He beckoned to the shopkeeper, and then served two bowls of Hu spicy soup and four taels of beef fried buns.

"It's enough for us to eat two taels of fried buns, otherwise we will have to grow meat again. Yu Jing said.

"It's okay, as long as the meat doesn't grow wrong, what are you afraid of. Cao Mo joked.

“...... You say dirty words, be careful I'll tell Cheng Xi later!" Yu Jing threatened.

"Even if Cheng Xi is here, I'm still afraid of you?" Cao Mo said stiffly.

Before Cao Mo's voice fell, he saw Cheng Xi riding a bicycle to stop at the door of the breakfast shop and walk in.

"You made an appointment to come and pit me for breakfast today?" Cao Mo asked, patting his head.

"Why do you get up so early, I want to call you to wake up after I come?" Cheng Xi sat down next to Cao Mo and asked curiously.

"Ask a friend to have breakfast!" Cao Mo introduced Chen Feng to Cheng Xi.

Chen Feng saw that the matter was almost discussed, so he didn't bother Cao Mo to chat with the three beautiful girls, and stood up to say goodbye first.

Watching Chen Feng drive away from Santana, which was parked on the side of the road, Chen Chang couldn't help but sigh to Cao Mo: "Your friend's level is a bit big!"

Chen Chang and Yu Jing are beautiful, graduated from a prestigious school, and are working in large commercial enterprises, and the people they usually contact or try to pursue her are almost all young talents, and the price of a new car in 06 years has dropped to seventy or eighty thousand Santana, which is indeed a little unable to enter their eyes.

Cao Mo smiled and said, "There is a Santana, which can be regarded as a car owner, which is better than me, who doesn't have a car," asked Cheng Xi curiously, "What about your car, how did you ride here today?"

"That cautious woman, the credit card is frozen, the car is back, I can only ride the bicycle for a while first!" Cheng Xi reached out to pull Cao Mo's ears, and when he saw that Cao Mo was going to hide, he stared at his beautiful eyes and said, "Let me pull it quickly, let me dissipate my anger." ”

"Where are you dragging here? Obviously touching him. What did he say to me just now!" Yu Jing complained.

"I'm not wrong, I invited Yu Jing to breakfast, she was worried about growing meat, I comforted her and said that the meat on her body didn't grow in the wrong place, where is this indecent?" Cao Mo said with an innocent face.

"......" Cheng Xi looked at Yu Jing's breasts that looked very turbulent under her loose pajamas, and giggled, "Cao Mo is not wrong, there is indeed no wrong place in the flesh on your body, I don't know how many people envy it!"

Cao Mo was about to get up and walk over to help Cheng Xi and Yu Jing serve Hu spicy soup and fried buns, when Xiao Jun's call came in.

I came to the company in the morning and mentioned you to one of our marketing managers in charge of the African market, who had been to Draculamo twice before and had heard of you. Do you have time at noon to have a light meal together and talk about Kanem's condition. Xiao Jun said on the phone.

"Am I so famous?" Cao Mo smiled, "Okay, I'm with Cheng Xi and Yu Jing, and I'll find a place to eat in Tianzifang at noon......"

To negotiate the acquisition agreement with Hexi Fund, it is impossible for him not to participate in the acquisition of food companies, and he will not be able to return to Kanem for the time being. He also thought about going back to the company this morning, forging a power of attorney, and then borrowing Chen Rong's hand to trick his father into taking over the old house at No. 118 Tianzifang, but he would not refuse Xiao Jun's invitation at will......