Chapter 325: A New Way to Play
In early November, Cao Mo and Zhou Han made a special trip back to China, and signed a mine transfer agreement with Xinhai Gold at the Tianyue headquarters, which had not yet been completely renovated - this time there were no moths.
Xinhai Gold invested 360 million yuan to acquire the Fagne River Gold Mine in the Mangba area, which has just been transferred from Tianyue Investment, and will arrange personnel to be stationed in the Akwa Mangba area to be independently responsible for the development of the Fagne River gold mine.
The reason for this delay is that in addition to the need for a formal acquisition evaluation report to be submitted to the board of directors for review, the registration of a branch of New Sea Gold in Akwa and the transfer of ownership of the Fagne River Gold Mine require a process to obtain approval from the Akwa authorities.
It can be done in more than two months, which is fast enough.
Even though it was decided at the end of August that the Fagne gold mine would be transferred, the preparatory work for the construction of the mine did not stop until the transfer agreement was formally signed.
Cao Mo seems to have paid millions of dollars more than necessary costs for this, but after signing the agreement, Xinhai Gold's already registered branch in Akwa will be able to immediately start the subsequent construction of the mining area, the import of machinery and facilities, and the recruitment and training of local employees after taking over the Fagne River Gold Mine, and can quickly roll out the relevant work without delay, and even establish contact with the local government for a long time.
As a gold company ranked among the top 30 in the world and a state-controlled listed company, Xinhai Gold's influence, at least at the official level, is not comparable to that of Yibogu Mining, which was born in Yeluzi.
In order to promote Xinhai Gold into Akwa as soon as possible, not to mention the millions of dollars of additional funds advanced in the past two months, in fact, by the end of October, the international gold price had risen rapidly to more than $800 per ounce as Zhou Shenhe expected, and Cao Mo did not adjust the transfer price of the Fagne River gold mine.
In addition to the proven reserves of 600,000 ounces, the Fagne River gold mine has little potential for further exploitation, and no matter how exaggerated the rise in the international gold price is, it also needs real capital investment in the early stage, and the underground rock gold can be mined and refined in order to be converted into due profits.
Since Cao Mo did not have the ability to develop the Fane River gold mine at this time, it was better to make friends with his allies than to hold on to it greedily.
What's more, the international gold price has risen sharply again, further consolidating the huge value of the Wusan copper-gold mine, which is the most important thing.
The bottom of the Wusan River is a mixture of copper and gold, and when the copper concentrate is sold in the future, the copper-gold content in the ore will be calculated separately and quoted, and the price of gold will rise, so to speak, the rise is the net profit - the current proven gold reserves of the Wusan River are as high as 1.6 million ounces, and the potential for unconfirmed exploration is even higher.
Cao Mo now does not fight for the interests of the Fane River Gold Mine, and the ultimate goal is to pull Xinhai Gold into the bureau as soon as possible and build a higher and thicker protective wall for the Wusan River Copper and Gold Mine.
Africa is not China, and as long as the interests are huge enough, it is not impossible to plot a coup d'état in Africa; Cao Mo absolutely does not dare to think that he has obtained the legally complete prospecting and mining rights, and everything will be fine and worry-free.
After the international gold price rose sharply again in September, the profit of Ibogu Mining also rose sharply, and the monthly income in October was on par with Conero Cement.
Instead of speeding up the construction of the Usan River copper-gold mine, Cao Mo lent $30 million from Ibogu Mining to Conero Foods to buy cocoa plantations in Drake and surrounding areas from the Aken tribal chieftain family.
He didn't leave the integration and management of the plantation to Tubman Jr.
Staying at Drake for two months, he was personally involved in the management and integration of the plantation, personally leading the selection of more than 2,000 new plantation workers, registering the local armed rangers, and supporting Margot Wirth to win the first local elections in Akwa in August.
After these works came to an end temporarily, Cao Mo took the time to return to China and took the opportunity of signing a cooperation agreement to meet Qian Wenhan, Zhou Shenhe, and Ge Jun again.
The equity transfer agreement with Xinhong Investment on the Gulf of Guinea shipping and mining company was signed a month in advance, and before Cao Mo returned to China this time, Xinhong Investment had also put 250 million yuan into Tianyue Investment's account.
In this equity transfer, Cao Mo's personal shareholding in the Gulf of Guinea Shipping through the domestic parent company Tianyue Investment and the offshore company Tianyue International will be reduced to 40%, Xinhong Investment will get 35% of the shares, and Shen Ji, Brahm, Abacha and Garon Tangrian and other management personnel will hold the remaining 25% of the shares.
Even if the cooperation with the new steel union is strongly inserted by Han Shaorong, the Gulf of Guinea company will inevitably lose the corresponding iron ore trading and transportation business, but Conero Cement, Draculamo Power Group, and the Uzan River copper concentrate and related coal and cement maritime transportation business that are destined to continue to grow rapidly in the future will support the continuous growth of the Gulf of Guinea shipping and mining companies.
Although this investment is not a surprise to Qian Wenhan and will not bring explosive investment returns, it is also quite stable like Conero Energy.
Of course, Qian Wenhan's net worth has reached this level, especially in his circle, with Ge Jun, who has caused turmoil in the securities market, to join in, the gameplay will definitely be different.
The Tianyue headquarters on the east bank of Zhiyun Lake will be renovated almost after the Spring Festival, but the staff of the headquarters in the early stage is limited, and the office area of more than 1,000 square meters will be renovated and renovated in the sub-region.
This part of the area has also been renovated and put into use in time for this signing ceremony.
There are nearly 6,000 square meters of office area in the follow-up, including the tea bar, screening hall, fitness room and other facilities that Cao Mo wants, which are naturally much more cumbersome than simple offices and conference rooms, and can only be dragged back - if it weren't for Song Yuqing's resolute opposition, Cao Mo would even want to dig a small swimming pool and a sauna on the ground floor.
At the beginning, Song Yuqing thought that the renovation budget of 20 million yuan was enough, but after the renovation and decoration plan was modified by Cao Mo several times, the internal framework was renovated, the façade and the surrounding site were rebuilt, and the office area of 1,000 square meters was urgently renovated first, and the 20 million budget was already spent 7788, and according to Cao Mo's requirements at this stage, it is estimated that at least 15 million will be added.
Although the lease signed with the park is as long as ten years, it will be a pity that such a high level of renovation and decoration will be taken back by the park after the expiration of the lease ten years.
In the two transfers, the domestic parent company will hold 600 million in cash, and Cao Mo simply used 60 million yuan to directly acquire the old warehouse and nearly 4,000 square meters of office land from the park.
This price was originally the price of the park to auction this land to build an office building with a height limit of 40 meters, but due to the adjustment of the rules on the east bank of Zhiyun Lake, the height of nearby buildings was restricted, and the land auction plan was put on hold.
In recent years, the sales of office buildings and industrial buildings in Xinhai are far less popular than residential buildings, and Zhiyun Lake Industrial Park is an old industrial area in Xinhai, and the price of office and commercial land is not high.
However, Cao Mo acquired the property rights of the old warehouse and the office land it belonged to, and used it as the headquarters of the parent company, but he didn't care about the discrepancies and discrepancies of three melons and two dates.
Although Song Yuqing did not let him build an indoor swimming pool, Cao Mo returned to China this time, after the signing ceremony, he invited Zhou Shenhe, Qian Wenhan and other guests to visit Tianyue's new headquarters, and saw that the empty space between the headquarters and the lake was mainly planted with some tall camphor trees, and he couldn't help but ask Song Yuqing in a low voice:
"Why do you plant camphor? We have paved the open space near the lake with stones, and we planted thirty or fifty camphor trees, which is a bit unconventional......
"The greening effect of camphor is good, directly transplant adult trees, and the price is relatively appropriate, what are you thinking?" Seeing Shen Ji and Chen Rong accompanying Qian Wenhan, Zhou Shenhe, Ge Jun and others to the front, Song Yuqing glared at Cao Mo and asked.
"You really should accompany me to live in Lakeside Cottage for a while, this is the headquarters of the domestic parent company, and the environment can't be inferior to Lakeside Cottage, right?"
"You are in Longta, along the road built by the hydropower station, and move some precious trees that are hundreds of years old, almost at no cost, but if Xinhai wants to do this, and increase the budget by 10 million, it will not achieve the garden effect of Lakeside Gracehouse, you should be tolerant of it, even if you are in China, you may not have time to come here, why do you bother so much?" Song Yuqing said angrily.
Sitting down under the newly built wooden pavilion by the lake, everyone gathered around the stone table, and the topic was still inseparable from the current stock market and the rising international gold market.
Two years ago, the Shanghai Composite Index fell to a minimum of more than 980 points, but just last month, the Shanghai Composite Index rose to more than 6,300, an increase of more than six times in just over two years - even after the high point appeared, the recent month has repeatedly fluctuated and pulled back a little, but the money-making effect of the stock market is still restless.
Supported by the bull market and the international gold market, the market value of Xinhai Gold has risen tenfold in two years, and it is currently as high as a total market value of 80 billion, Qian Wenhan holds 12% of the shares of Xinhai Gold, even if he is as firmly optimistic about the development of Xinhai Gold as always, this time he can't help but take advantage of the high point to cash out 1.6 billion.
Qian Wenhan plus his investment income in the proprietary department of Dongjiang Securities, which can be cashed out at any time, he has more than 3 billion cash in hand, and it can be said that he is very rich.
Dongsheng Group takes the production of grain, oil and aluminum profiles as its main business, which are traditional industries, and the real estate assets that have attracted the attention of the current market have not yet had time to be loaded into listed companies, so the stock price rise in this round of bull market is obviously much weaker than that of Xinhai Gold, but the market value from the lowest point to the highest point is also three times.
Ge Jun is a veteran, the current securities market is also confused, sitting by the lake can't help but sigh: "The stock market is dominated by the enthusiasm of the inflated, at this stage of the market, the industry, any research and value judgment, will lead to large or small losses, only do not do research and judgment of investors to maximize the return, how the stock market will go in the future, will it create a new high, we can not see it at all now, and we can only take one step at a time......
In any case, even Qian Wenhan couldn't help but reduce his holdings of some of Xinhai Bullion's shares and cash out, although Cao Mo was about to have 500 million cash available in China, it was impossible for him to plunge into this position, and he would listen to the excitement now.
Ding Zhaoqiang is currently desperate to carry out a private placement, in order to put the real estate business into the listed company, to solve the problem of shortage of funds for the development of real estate business - because large and small funds are crazy into the securities market, the property market started in 02, the current stagnation, unsalable, intensified the financial pressure of Dongsheng's real estate business.
Investors like Qian Wenhan, who have a huge amount of cash, are also the targets that Dongsheng is actively striving for this additional issuance, but the stock market is still too fanatical, not only Qian Wenhan and Ge Jun, but also the vast majority of investment institutions are empty-minded and dare not take out real money to participate in Dongsheng's additional issuance in this position.
In the past, investment institutions that had a close cooperative relationship with Dongsheng agreed to mortgage and lend funds to support the development of Dongsheng's real estate business; if they wanted to engage in additional issuance, they could consider a 6% discount on their stock prices, but in this way, not to mention Ding Zhaoqiang and other major shareholders, other small and medium-sized retail investors would definitely not agree.
This is inevitable.
Just like Zhou Shenhe said that with the current stock price of Xinhai Gold, an additional stock with a market value of six or seven billion yuan will be issued, and Yibogu Mining will be loaded into Xinhai Gold, and Cao Mo will also invite them to the side to cool off.
In addition to speculative funds, how many investment institutions dare to participate in the additional issuance plan with a lock-in period of one to two years?
Dongsheng's additional issuance plan has been discussed for several months, and there has been no substantial progress so far.
The market value of Chen Rong's shares in Dongsheng has risen to one billion, but Ding Zhaoqiang is still bent on additional issuance, and it is mandatory that board members and management are not allowed to reduce their holdings of shares, so there is no opportunity to cash out some of their shares for the time being.
"At present, the state-controlled listed companies can carry out additional issuance and asset restructuring, and on the one hand, there is policy support from above, and on the other hand, the state-owned assets are loaded into listed companies, and the flexibility of pricing is relatively large, and there is no problem of asset loss; while private listed enterprises or private assets are restructured objects, the problem is complicated," Ge Jun sighed, "However, the general direction of the future is to find a way to load assets into listed companies......
Cao Mo is still in the stage of development, and at the same time, affected by the capital environment in Africa, he has not yet considered the capital operation, but Qian Wenhan's investment in the Gulf of Guinea Shipping and Mining Group must have taken these things into account.
As long as the focus of the country's foreign strategy can one day be clearly settled in Africa, it will not be particularly difficult for Qian Wenhan and Ge Jun to load the business of the Gulf of Guinea shipping and mining group into a listed company with ocean shipping as its main business.
Of course, Cao Mo currently holds control of the Gulf of Guinea shipping and mining group, and they cannot achieve this goal without Cao Mo's cooperation.
At the same time, they also hope that the shipping and mining companies in the Gulf of Guinea will start to appropriately develop the shipping business between the countries and the country in the Gulf of Guinea now, so as to prepare for the future capital operation. "How is this going to work?"
Cao Mo hadn't considered this aspect before returning to China, and suddenly heard Qian Wenhan and Ge Jun mention it, they were all enlightened, and they didn't know where to start - the Gulf of Guinea shipping and mining company, this time it received a capital injection of 30 million US dollars, which was only enough to strengthen the transportation and trade business in the Gulf of Guinea region, and it was completely incapable of engaging in ocean transportation.
Ocean transportation, how much does a cargo ship of more than 1020,000 tons cost?
A super-large mineral sand cargo is almost hundreds of millions of dollars, right?
"We talked to Guo Hongliang that Dongjiang Securities will invest in the acquisition of his fleet, and another 200,000-ton ore ship, and then lease these ore ships to the Gulf of Guinea Shipping and Mining Company, Guo Hongliang and his team will join the Gulf of Guinea Shipping and Mining Company, responsible for this part of the ocean-going business......" Ge Jun said the plan he envisioned, looking at Cao Mo with blazing eyes, and now he wanted to confirm his wishes.
Dongjiang Securities' own assets are not high, and they may be more than 10 or 2 billion yuan, but as a securities company, it has the qualifications to issue trust products to public investors to raise funds.
No matter how fanatical the domestic stock market is, a considerable number of public investors pay more attention to stable and risk-controllable investments, and the purchase of stable trust products is their main investment channel.
TK Securities issues corresponding trust products and acquires ocean-going vessels or related asset companies for leasing operations, and the risks are naturally controllable.
However, for TK Securities or the capital tycoons who control all this behind the scenes, if they only issue trust products and charge a little management fee from them, the income will naturally be extremely limited.
Now Qian Wenhan acquires the shares of the Gulf of Guinea Shipping Company, and then Dongjiang Securities leases the ship assets acquired with trust funds to the Gulf of Guinea Shipping Company, directly helping the weak Gulf of Guinea Shipping Company to develop the ocean shipping business by leaps and bounds.
Of course, they will also ambush into the target listed company in advance, and further amplify the income through the rise in stock price when asset acquisition or restructuring is made.
Cao Mo patted his head, figuring out what their gameplay was.
I thought that with Qian Wenhan's net worth and Ge Jun's status in the industry, simply manipulating stock prices in the securities market to make profits is a bit low-end, and there is a risk of being cleaned up by national laws.
At present, as long as Qian Wenhan and he have no direct shareholding relationship with Dongjiang Securities, using Dongjiang Securities to issue trust products to expand the related business of its companies and making profits through capital operation should not constitute insider trading.
"We're going to study this......" Cao Mo thought for a moment and said.
If this is done, it will naturally be beneficial to him - no matter how much profit Qian Wenhan's shares can take, and no matter what kind of hidden income they will have, it is real that the Gulf of Guinea shipping and mining companies can develop by leaps and bounds.
However, the development of Tianyue has been out of the reckless development period, and at a time when the rule of law in China is becoming increasingly strict, he needs to consider whether the legal risks can be truly isolated......
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In order to celebrate the signing of the agreement, the group rushed to Jinhong at noon for dinner.
didn't stay in Jinhong Club to play in the afternoon, Cao Mo pulled Chen Rong and Shen Ji to the Tianyue headquarters, and pulled Chen Feng, Song Yuqing, and Zhou Han over to discuss Ge Jun's suggestion:
"If there is no legal risk and such an operation is feasible, then if I develop any business in China in the future, in fact, I can also use the trust qualification of TK Securities to obtain unexpected financial support...... My vision is still a little narrower, I didn't expect domestic capital to start playing like this!"
"Xinhai is the financial capital, and the state is gradually liberalizing the restrictions on private capital entering the trust, insurance and private equity industries, and at the same time gradually liberalizing the restrictions on direct investment in listed companies in trust, insurance, private equity funds and other industries, capital operation will inevitably enter a new stage. Shen Ji said with emotion.
"Some of the current gameplay of Huamao Investment, I actually have some incomprehension, is it that they have also started to engage in this new gameplay, or is it similar to this one, so that their operation is more hidden?" Cao Mo asked.
"It should be," Shen Ji said, "This kind of capital operation is indeed more concealed than the usual insider related party transactions in the past, unless there are professionals who specifically focus on Huamao to study, otherwise it is difficult to see the clues...... Of course, Han Shaorong's style is more domineering, and it is difficult to say who will sincerely cooperate with him......"
In the domestic securities capital market, the phenomenon of insider trading is still quite frequent, and the state supervision and control is not very strict, but if there is no awareness of avoiding legal risks in the capital operation of tens of billions or even larger, it is doomed to have no way to grow into a real giant crocodile; even if it can achieve expansive development in a short period of time, no one knows whether it will one day become a pig that will be cut by a knife.
In order to circumvent the restrictions of the current regulatory laws, there can be no direct or indirect shareholding relationship between the investment institutions and the actual traders who use trust products to raise funds, and even one or two more links need to be added in the middle to carry out risk isolation.
At this time, it is necessary for multiple parties to trust each other to cooperate at the level of capital strategy, which is actually quite difficult.
Shen Ji's meaning is very clear, with Han Shaorong's domineering character, it is difficult for anyone to cooperate with him sincerely, and he himself may not fully trust people who are not under his control, which means that if he wants to carry out such a capital operation, it is likely that there are many handles left at the legal level.
Cao Mo didn't want to discuss this issue in front of Chen Rong, and if Han Shaorong dared to do this now, he must also be deeply involved with other interest groups, either because he caught him, or immediately brought him down.
Returning to Ge Jun's suggestion itself, what they need to consider now is whether they can avoid legal risks and cooperate with Qian Wenhan and Ge Jun to complete this cooperation.
The answer is clearly doable.
On the one hand, Qian Wenhan and Ge Jun have suffered a lot of losses in the hands of Han Shaorong or others before, and they will definitely be more cautious when designing the capital operation route, on the other hand, they are mainly taking advantage of this cooperation to promote the development of the Gulf of Guinea shipping and mining companies to a new level......