Chapter 176: The Bar
No one can deny that there is still a lot of uncertainty about the political economy of Kanem, and a quote of five times P/E is not low.
However, it is precisely because of the unstable political and economic situation in Kanem that Cao Mo did not promise an average annual profit guarantee of 30 million US dollars, but only promised that the total installed capacity of hydroelectric and natural gas power generation would reach 120,000 kilowatts within three years and maintain stable operations.
If he had to commit to Conero Energy's profitability for the next five years, Cao Mo would only agree to account for it in Kanem's local currency, Naira, not US dollars, which he had no intention of risking due to changes in Kanem's political and economic situation.
He has been working on this area all this time.
One of the important reasons why he hoarded his wealthy funds in the form of accounts payable was to prevent the risk of exchange rate losses.
How could he ignore this "trap"?
Perhaps Ding Zhaoqiang initially calculated his profit expectations in US dollars, just for the convenience of calculation, and when Cao Mo proposed to make a profit in Kanem's local currency, Naira, he did not insist on anything.
Ding Zhaoqiang hung up the phone, and Shen Ji introduced Dongsheng's private equity investment fund called Hexi to Cao Mo.
Hexi Fund is a private equity investment fund directly controlled by the group, and the main sources of funds raised are the Ding family and the two partners who followed Ding Sheng's entrepreneurship and have now retired to the background, using the profits from investment in other industries over the years and the income from reducing shares in listed companies.
Hexi Fund is currently a private equity investment fund with a total asset scale of up to 5 billion, investing in finance, real estate, science and technology projects, and is the second largest wealth asset controlled by the Ding family outside the listed company, and it can also be said to be the fourth largest business unit of Dongsheng in addition to real estate, building materials, grain and oil.
It's just that the office of Hexi Fund is not in Dongsheng Building, and Dongsheng rarely publicizes its existence, and ordinary employees don't know what is going on, only knowing that the Ding family has huge investment assets outside of listed companies.
Conero Energy has been established for a short time, and its main business has not stabilized, which cannot meet the requirements of direct acquisition by listed companies.
In Hexi Fund, the proportion of equity actually controlled by the Ding family is much higher than that of the shareholding in listed companies, so there are more potential and promising investment projects, and the Ding family is more willing to intervene in the name of Hexi Fund.
Of course, Cao Mo didn't care about the specific situation in which the Ding family intervened, and talked about some of Stari's situation: "Stari was able to personally take out four million US dollars to participate in the construction of the Crow River Ladder Hydropower Station at that time, which was the key to promoting the construction of the new transmission grid, and in the later stage, it was also to avoid some information leaking out, which might cause the alarm of the Jidam family, and the Crow River Ladder Hydropower Station was not incorporated into the Conero Energy ...... for the time being."
The total installed capacity of the second and third tiered hydropower stations in the Gray Raven River is only 3,000 kilowatts, and it will not be merged into Conero Energy after a period of time
What will affect the big picture.
Cao Mo talked to Abacha and Oqiaosang on the phone, informing him of the results of his meeting with Ding Zhaoqiang when he returned to China this time.
Cao Mo still has to retain 30% of the shares, and Yang Deshan's personal shareholding is not disclosed, but he wants to concurrently serve as the president of Conero Energy, and he must not be able to reduce his personal holdings and cash out.
In the end, Dongsheng's acquisition is still short of 2% of the shares, and Cao Mo suggested that Abacha's shareholding be reduced to 10%.
Reducing his stake by 2% and cashing out $3 million in cash, Abacha certainly has nothing to dislike.
After talking about things, Shen Ji left first, he actually had to work much harder than Cao Mo in the past two days.
"Wow, China's money is too easy to make, isn't it?" After Shen Ji left, Stari was stunned and sighed, "After the transaction is completed, you have four and five million dollars in cash in your hand?"
The Tubman family also had a good life in the early years, but at its peak, it was only two or three million dollars in assets, but I didn't expect Cao Mo to cash out so much cash by selling only 30% of the shares of Conero Energy.
A year ago, she couldn't have imagined it.
"What's the matter, you're greedy?" Cao Mo asked with a smile.
"What's the use of my greed?" Stari glanced at Cao Mo.
"Would you like to give you five million dollars?" Cao Mo asked.
"Give me for nothing, you won't be trying to do anything to me?" Stari stared at Cao Mo vigilantly.
"Of course there is a little bit of an attempt!" Cao Mo said with a sly laugh.
"You can't beat me. Stari said dismissively.
When Blake, Oppenheimer and the Rupert family were able to form the Sika Aidet Power Grid Company to build a new transmission grid, it cannot be ignored that Stari invested $4 million in the construction of the Crow River Ladder Hydropower Station, which played a crucial role in promoting it.
Without all this, there would be no layout of Conero Energy.
Conero Energy is relatively valued at a relatively high level, and the main thing is to monopolize power development upstream of the new transmission grid.
At present, Cao Mo has not merged the second and third tiered hydropower stations of the Gray Crow River into Conero Energy for the sake of secrecy, but the value of the two small hydropower stations in isolation is limited. If Cao Mo didn't compensate Stari in addition, it would be unfair to Stari.
"You're really so generous?!" Stari happily hugged Cao Mo, kissed him on the cheek, and said to Song Yuqing, "I am a grateful kiss, I won't let this scumbag take advantage of me more, don't be too stingy!"
"I don't have an opinion if you pull him back to sleep with you!" Song Yuqing patted her forehead and asked Cao Mo, "After the transaction is completed, you have so much cash in your hand, how can you do it?"
"Who would have thought that such a transaction would suddenly be inserted, first live for two days, and then wait for the transaction to be completed and the funds are in hand, and then think about other things that are not available!" Cao Mo sipped his beer, showing that he was unwilling to think about too complicated things now.
"Do you want to cash out some funds?" Cao Mo asked Song Yuqing.
"No, there's no way to explain it to the family," Song Yuqing
Shaking his head, he said, "My mother's money for treatment, the salary I got from Dongsheng is enough......"
"I still want you to simply resign from Dongsheng and pull it down," Cao Mo said, "Chen Feng's side I want to officially do it, and take Chen Feng and Bao Chengdu to buy it - you have to take care of your mother in China, and you can't go back to Kanem for a while, so you can take responsibility for this piece......"
Song Yuqing shook her head and said: "Chen Feng and Zhang Li are both very capable, you talk to them and their couple, if they are willing to help you, there is nothing I have to do! ”
At present, Cao Mo has registered trading companies in Xinhai and Draculamo.
Draculamo's trading company borrowed money to take away a portion of the profits from his cement production, which was used to buy some of the cocoa butter, cocoa powder and other products produced by Conero Foods.
In this way, there will be no confusion with the accounts of the Conero Foods Company, and the cocoa butter and cocoa powder will be exported to the country, and the payment will be directly retained in the accounts payable of the domestic trading company, and the profit transfer will be successfully realized - and as the foreign trade payable, this money can be applied for conversion into dollars at any time.
For more than four months, Chen Feng and others have been leading people to promote cocoa butter and cocoa powder in China, and the import trade volume reached 6 million in March, which can be regarded as a preliminary opening up of the situation.
In addition to the retained payments payable (transfer funds), the profit of cocoa butter and cocoa powder import trade is not low, almost 3 to 40% of the gross profit.
Conero Foods is limited by manpower, technical level and the scale of local raw material supply in Longta, it is difficult to further scale up in a short period of time, but as long as it continues to develop the domestic market, Cao Mo is not unable to buy more cocoa powder and cocoa butter in Kanem and import them for domestic sales.
At the same time, he also wants to invest in the construction or outright acquisition of a cocoa butter food processing plant in Xinhai, and import cocoa beans back to China for processing and sales.
In this way, he can gradually establish an industrial foundation in China in the future.
The total investment of the first and second phases of the new cement plant is 17 million US dollars, which consumes a lot of cash flow in Cao Mo's hands, and he currently has less than 6 million US dollars in cash left.
He was not in a hurry to build a factory in China or directly acquire a cocoa butter processing company in the first half of the year, but this time Dongsheng stepped in, and he felt that this plan could be implemented in advance.
Cao Mo: For the time being, he still has to focus on Kanem.
After working with Chen Feng for a period of time, Cao Mo felt that Chen Feng's ability and temperament were quite in line with his requirements, even if he was dragged into a completely unfamiliar food trade field, he adapted very quickly, so he wanted to hand over these things to Chen Feng to do.
Of course, if you really want to make such a layout, Chen Feng needs to completely get rid of the original business of Baocheng Accounting Firm and officially accept Cao Mo's employment.
Cao Mo first sent Song Yuqing back to the hospital, and then took a taxi back to Tianzifang with Stari......