Chapter 421: Restart
Even when the stock index was at its lowest, Huamao still held hundreds of billions of assets, and it can be said to be a behemoth in Xinhai and China, but it is too concentrated in equity investment in the securities market, and most of it is short-term speculation.
Dong Chengpeng has followed Ding Zhaoqiang for many years, and later was responsible for the management of Hexi Industrial Investment Fund.
He wants to gain a higher status and power within Huamao, although it is directly related to Han Shaorong's trust in him, but in essence, it still depends on how much he can play a role in the development of Huamao.
From this point of view, he is more willing to promote the development direction of Huamao and change to the field of industrial investment.
Conero Binhai New Town, ports, oil refineries and other projects, if you look for a professional company for custody and operation in the future, although it is also a way, not to mention that Tianyue and Volkov Investment have all kinds of defects, which will also be destined for Huamao's investment in this series of projects is financial in nature, and at the right time, it will eventually sell the equity to cash in the profits.
On the one hand, he hopes that Han Shaorong will make up his mind to acquire the remaining 21% of the shares of Conero Binhai New City and Port from Xintaihua Investment controlled by creditors, and at the same time, he is more inclined to reorganize a new team to be responsible for the operation of Conero Binhai New Town, port and refinery.
In this way, Huamao can be more deeply involved in the construction and operation of various projects, exert stronger influence, and consolidate the foundation of overseas industrial investment.
Lu Jiancheng and Lu Jianchao brothers settled overseas, Taihua fell apart, the listed company was renamed Tianyue Industry, and the new Taihua Investment was taken over by a committee formed by creditors, and the original senior management team was retained except for a small number of people (mainly the new Taihua Chemical, which is mainly based on the production of chemical pipelines and pump equipment, was retained for Tianyue Industry), and most of them were dismissed, and the Lu brothers actually had nothing to do with it.
The return of these escaped personnel to Kanem is arguably the most adaptable.
At this time, I heard that Huang Hebin was taking some people and wanted to contract a steel structure processing factory in Sierra Leone, but was someone handing over a pillow when he was sleepy?
Dong Chengpeng didn't expect Guo Jian to spread these news, and he also had his thoughts in it.
Huamao is a behemoth, controlling hundreds of billions of assets, as long as the supervisors and managers who have a little control of the affairs can live a very comfortable life, and those who directly control specific projects are even more drunk and drunk every night.
Guo Jian is in Huamao, as Han Shaorong's assistant, a middle and senior manager in the management column, and a monthly salary of more than 30,000 yuan is not bad in Xinhai, but he has no right to do anything, not to mention that he usually does some private work or knows what project information, and privately follows the purchase of rat barns to make some money, is not responsible, does not participate in specific projects, has no project commission, and is not comparable to any ordinary member of the project team.
learned from Yao Haiming that Huang Hebin was taking some people and wanted to return to Africa to contract steel structure processing factories, and Guo Jian saw where his opportunity was.
That is to promote Huang Hebin and his team to continue to be responsible for the construction and operation of projects such as Conero Binhai New Town, so that with his familiarity with Huang Hebin and others and related projects, it is possible to replace Liang Yuan, represent Huamao Capital as a director of these project companies, or directly represent Huamao Investment in these projects.
The controlling stake in the new Taihua oil refinery and the new Taihua casino hotel has fallen into the hands of Volkov Investment, not to mention for the time being, no one has a controlling stake in the Cornello Marina New City and port, and it is not ruled out that Huamao may win the controlling stake in the future.
But thinking that he would not have the opportunity to replace Huang Hebin to take over the Cornello Marina New City or the port in the future, Guo Jian felt that it was worth his careful planning.
Guo Jian also realized that Han Shaorong had bought him before, and the greatest value was to strike a blow to Taihua, and after this role was played, his weight in Han Shaorong's eyes was really limited.
He didn't stupidly go directly to suggest anything to Han Shaorong, nor did he stupidly go to Huang Hebin privately to talk about any conditions, but passed some information to the ears of Dong Chengpeng and Chen Xiaoping.
Han Shaorong was indeed able to be good during this time, and after Dong Chengpeng's suggestion, he asked Dong Chengpeng to talk to Huang Hebin, but this time he did not forget Guo Jian, and thought that Guo Jian and Huang Hebin were old men, so let Guo Jian assist Dong Chengpeng.
Of course, Huang Hebin's side was able to negotiate it, and then Huamao proposed this plan to Volkov Investment, Tianyue and Xintaihua Investment, which is controlled by creditors.
Even if Volkov Investment holds a controlling stake in the Xintaihua Refinery, especially in the operation team of the Xintaihua Refinery, it has the final decision-making power, but the corresponding supporting projects cannot be built, and the second phase of the Xintaihua Refinery, which is the largest and has the most promising profit prospects, does not know how long it will take to be officially put into production, so it has to compromise with Tianyue and Huamao.
Of course, Niz Oppenheimer and Nsanger were also familiar with the team led by Huang Hebin, and in the end, Sturgeon Foster contacted Cao Mo and persuaded Tianyue to "reluctantly" accept this plan.
In addition to the operation and management team, the part of the equity held by Xintaihua Investment was divided and acquired, and the agreement was quickly negotiated.
The new Taihua refinery was renamed Volkov Petrochemical Group, and Volkov Investment injected the assets of Atlantic United Oil Trading Company into it, expanding its shareholding to 60%, Tianyue's shareholding in Volkov Petrochemical Group was reduced to 25%, and Huamao's shareholding was reduced to 15%.
Tianyue, Volkov and Huamao finally invested a total of 40 million US dollars to acquire their holdings in Conero Marina New City and Conero Lake Port from Xintaihua Investment, and then merged Conero Marina New City with the port, and restarted the construction of Conero New Port City - finally Tianyue's shareholding in Xingang City was adjusted to 35%, Huamao's shareholding was adjusted to 25%, Volkov Investment held 25%, and Draculamo Port Group held 15%.
Both Volkov Petrochemical Group and Cornello Nyva City have formed new boards of directors, with Sturgeon Foster and Yang Deshan as chairmen of both groups.
The Volkov Petrochemical Group immediately restarted construction, while the Cornello New City Port City initially restarted the construction of the refinery-related projects, including operating liquidity, and the $150 million required was provided by the Bank of the Ultramarino with a low-interest loan.
Huang Hebin formed a new team on the basis of the original Taihua technical management personnel, and immediately returned to Draculamo to restore the workforce.
In addition to the corresponding annual salary, the management team has the right to inject an additional 5% equity interest into the two groups on the basis of a total valuation of US$500 million to complete the promised operating performance in the next three years, and the funds required for the capital injection will be provided by the main equity at a low interest rate for a certain period of time in proportion to the completion of the promised operating performance.
In order to better supervise the new team and exert greater influence, Guo Jian became the best candidate for Huamao to join the boards of directors of the two companies, not only was he pushed out to participate in the preliminary negotiations, but also returned to Draculamo with Huang Hebin and others before New Year's Day.
Volkov Investment holds 90% of the shares of the new Taihua Casino Hotel, and it is also directly renamed the Vorkov International Hotel to restart operations, but before the completion of the new port city, the volume of the Vorkov International Hotel is too large to have enough customers.
Although there are a large number of overseas Chinese businessmen who are addicted to casinos, they are mainly traders who come quickly and have relatively limited energy for affairs.
In addition to making more money, the business owners who really invest in Xingang City, Conailuo Lake Industrial Park and Processing Park also occupy too much energy in daily business management, but are more self-controlled and self-disciplined.
Yan Zhicheng also did not want to take over the operation of the Volkov International Hotel directly, but persuaded Niz Oppenheimer and Sturgeon Foster to agree to give them the casino license and the Lana Del Redon Banquet to restart the operation of the Lana Del Rey Beach casino.
The main customers attracted by the Lana Dere Beach casino were Chinese businessmen who transited through Draculamo or engaged in trade and gold mining in Kanem, and Niz Oppenheimer and Sturgeon Foster had no one else in their hands except for Yan Zhicheng and Yan Ming's uncle and nephew.
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With the resumption of projects such as Conero Newport City and Volkov Petrochemical Group, Cao Mo did not invest more energy except for a phone call with Yan Zhicheng and a private meeting with Huang Hebin.
Yang Deshan was also responsible for the specific negotiation matters, and finally Yang Deshan served as the chairman of Conero Newport City and the director of Volkov Petrochemical Group on behalf of Tianyue Industrial and Conero Lake Industrial Park.
From beginning to end, Cao Mo's concern for the restart of these two projects seems to be limited to this.
The listed company changed its name to Tianyue Industrial, and replaced overseas assets, Cao Mo also had no intention of manipulating the stock price to make profits, after the end of the suspension and the resumption of trading, Tianyue Industrial also symbolically made up two price limits, and the market value stabilized at about 3 billion fluctuations.
Chen Shu is responsible for the domestic business of Tianyue Industry, which is mainly engaged in the production of chemical pipelines and pump equipment, but its development has been delayed in the past few years.
Even if Cao Mo has allocated 20 million US dollars of working capital, this business is not the focus of Cao Mo's development in China, and he can only think about recovering profitability as soon as possible, and it is difficult to get back on the track of rapid development.
Conero Energy's 50% stake in a listed company will only provide a profit of $15 million to $20 million a year.
Coupled with the uncertainty of overseas projects, Cao Mo has no intention of manipulating the stock price, and the market value of Tianyue Industrial has no strong momentum to rise.
Guo Donghu, Chen Feng and others all want to put Conero Foods into Tianyue Industry.
However, the main asset of Conero Foods is the plantation that has been vigorously cultivated in the past two years and has not yet been profitable. In addition to the fact that these assets are located in the politically unstable West African region, Conero Foods has little relevance to Tianyue Industrial's current main business.
Tianyue Industrial has just carried out an overseas asset replacement, and now wants to put Conero Foods into a listed company in the form of additional new shares, and there is no hope in the short term; Ge Jun does not recommend Cao Mo to make such an attempt.
Of course, Guo Donghu and they don't want Conero Foods to be integrated into the grain and oil division of Dongsheng Group, Cao Mo also understands their feelings, and at the same time, the debt crisis of Dongsheng Real Estate has been completely lifted, so they agreed to put this matter on hold for the time being.
Cao Mo stayed in China until New Year's Day, and what he really spent on promoting during this time was to reconstruct the supply chain of Huachen pickups, and for this reason, he did not hesitate to suspend the production of the existing production line.
The problem of Huachen pickup truck is that since the introduction of the pickup production line, Huachen Industry has overemphasized cost control in the early process of promoting the localization of components and control systems, and in addition to sacrificing some necessary performance, quality control has also been unsatisfactory.
Over the years, the domestic automobile industry has been developing day by day, the quality of the same components and the corresponding control system is getting higher and higher, and the cost is getting lower and lower, but Huachen pickup truck only has two models, in addition to the quality control has been improved, more stable, the performance has not been further improved, and the cost has not been reduced.
This is obviously not normal, and there must be a huge gray profit margin behind it that is swallowed up by relevant people.
The strangeness in this, not to mention Xu Bin and Huang Yijiang, Cao Mo is also clear.
In addition to the problems that the team of the original Huachen Pickup Division has caused by the disease of large companies, the suppliers are involved with the senior management of Huachen Industry and even Huachen Group, and even some suppliers are greeted by the government.
Cao Mo didn't want to turn over old accounts, nor did he want to pull anyone out of Sun Weigang and Zhao Yiping to kill chickens and monkeys, and after forcing Sun Weigang and others to bow their heads with a tough attitude, he personally took the lead and cleaned up the supply chain one by one with Xu Bin, Huang Yijiang, and Xiao Jun.
On the one hand, it is to engage with new suppliers, and on the other hand, it is to negotiate with the original suppliers.
Cao Mo does not necessarily have to replace all the original suppliers of Huachen pickups.
In fact, if the existing pickup truck models want to resume production as soon as possible, it is still necessary to retain the original suppliers as much as possible. After all, these suppliers are most familiar with the vehicle system of Huachen pickup, and they also have the corresponding technical strength to track and dock the manufacturing of Huachen pickup.
Even if Cao Mo wants to improve the technical specifications of the corresponding components, the products of the original supplier will not have major conflicts in the system interface, and some small problems can be easily solved.
The original suppliers are evaluated for new technology and quality, except for a few suppliers who really do not meet the standards to be resolutely kicked out, most of the suppliers are still retained, but their supplies are raised to the standard, and at the same time, in the supply of each component, one or two new suppliers are added to participate in the competition.
Of course, in this process, there are also encounters of non-cooperation, external suppliers, even if they pay liquidated damages, will terminate the contract, and internal managers and employees are also resolutely dismissed.
The workload is more complex and heavy than imagined, and it was not until the eve of New Year's Day that the adjustment of the supply chain sorted out a general clue, and Cao Mo also recalled Gu Fan back to China at this time.
Although there is no modification of Huachen pickup, and there are no new approval procedures to be passed, this supply chain reconstruction, Huachen pickup is actually equivalent to a systematic upgrade.
Necessary safety tests and optimization of the entire vehicle system are indispensable.
Cao Mo asked the Turnsmith Laboratory to be carried out at the same time as the internal test center of Tianyue Industry, especially for the optimization of the vehicle system, the technical threshold should be higher, and it must be handed over to the Turnsmith Laboratory to be responsible for completion.
At the same time, Cao Mo also asked the existing two pickup truck models to be optimized and upgraded by the Turnsmith Lab on a regular basis.
The initial decision to acquire Huachen pickup assets was quite hasty, Xu Bin and Huang Yijiang didn't even really expect their plan to be supported by Cao Mo, and before December, many details of how to digest after the acquisition of Huachen pickup were not considered particularly thoroughly.
And Cao Mo's energy was not focused on China for a long time, and there was less attention to Tianyue Industry at that time.
According to the original plan, considering that Tianyue Industry only has two pickup products sold in the domestic market at most, and it is destined to be unable to tear off the label of low-end cars in a short time, and domestic pickup sales are extremely limited, Xu Bin, Huang Yijiang, and Xu Lizheng all believe that there is no need to spend too much money to establish a new sales and technical service system, and there is no need to spend additional costs to carry out new brand marketing.
Therefore, in the formal acquisition agreement, both parties agreed to continue to use Huachen's sales channels in China for sales, and at the same time continue to use Huachen's trademark brand, and at most register a new sub-brand under Huachen's trademark.
By New Year's Day, many things are considered to be thoroughly considered and matured.
In order to distinguish itself from Huachen Automobile, which was about to be spurned by the market, Cao Mo finally decided to launch a new trademark and brand for pickup trucks and motorcycle products to carry out a new brand promotion plan.
The domestic market demand is limited, and Cao Mo also decided to build its own sales channels in key cities first.
Cao Mo also asked for a sharp reduction in marketing sales expenses, which previously accounted for 10% of sales, to only 3%, which is destined to lose orders for domestic government public procurement for a long time, and sales performance will be even more unsightly.
Xu Bin also dragged it out until the eve of New Year's Day, and took out the budget for the new year and put it on Cao Mo's desk.
"Relatively optimistic estimates, excluding the carmaker, Tianyue Industry is expected to suffer a loss of 300 million yuan in 09 years in order to initially implement your requirements. Of course, the upgraded Tianyue pickup truck needs to be put on the market for sale before the end of February, otherwise it is expected to suffer an additional loss of 20 to 30 million yuan for every month it is delayed......
Xu Bin is not sure that Tianyue pickup can complete the advantages of the vehicle system and related testing work in the next two months, nor is it sure that the supporting work such as the construction of new channels can be preliminarily completed within two months.
"It is too hasty to complete the fundraising work for the launch of the new car within two months, and I will allocate another 400 million yuan to Tianyue Industry in 09, and the time limit for the launch of the new car will be relaxed to before July,"
Cao Mo saw the budget report, did not feel the slightest surprise, compared with mineral mining, cement production, food processing and other relatively rough industries, he actually personally participated in the integration of Huachen pickup assets in the past two months, and deeply felt the refined requirements of the automobile industry.
Whether it is mineral mining or cement production, there are occasional leaks, and the negative impact on the market is actually quite limited, while automobile manufacturing is completely different, and Cao Mo hopes to be more prepared.
The foundation of Tianyue Industry is too poor, he does not expect Tianyue Industry to come up with products that amaze the market at once, but he hopes that Tianyue Industry's products can stand the test of the market and time.
He said to Xu Bin,
"If it goes well, maybe in the second half of the year, we will be able to come up with a modified pickup truck exclusively for the African market at the same time, and the off-road vehicle may also be developed to the road test stage......
Of course, Xu Bin hopes to be more prepared, but he also knows that the later the product is launched to the market, the greater the financial pressure, and he sighed: "More than 600 employees in the factory will have to eat and drink for nothing until the end of June!"
"It is impossible to eat and drink for nothing, and the landlord's family has no surplus grain - the power of affairs can be given to Sun Weigang and Zhao Yiping, but the personnel power must be completely returned to the headquarters. And the existing staff and management members, training, engineering prototype manufacturing, new channel construction, to Africa to participate in field road testing, etc., you have to find a way to toss again, and strive to remove one-third of the personnel before the end of June, the next three years of market sales can not be too optimistic, the automotive department to retain 400 employees is enough. And the remaining personnel must also be able to point where they want, do not allow them to bargain with the headquarters, and require them to fully keep up with the rhythm of the headquarters," Cao Mo said, "Of course, this is by no means to reduce labor costs - cut personnel, but the total expenses can not be reduced, and even the reduced marketing and sales expenses must be used for the salary increase of the persistent personnel, we must strive to increase the salaries of all personnel by the end of June, and at this point, we can talk about the real restart......"