In the next few days, Zhao Dong, Pan Cheng and Zhou Zhibai first went to the United Kingdom to inspect the situation of the electric furnace steel production line of West Omins Industrial Group. Shen Huai remained in China, and although he was not directly involved, he was also keeping an eye on the progress of the cooperation negotiations with Fuji Steel.

Fuji Steel's bottom line is not difficult to test.

Not only did Nobuo Yamazaki personally want to try his best to eliminate the impact of the tea spilling incident and did not want to bear the responsibility for the failure of the negotiations, but even Fuji Steel's top management did not want to make the tea spilling incident a big deal and let his counterparts in Japan know about it.

On the one hand, it is one thing to make a shame on its peers; Fuji Steel has already lagged behind in the expansion of overseas industries, and now it is eager to strengthen this link, and once the tea spilling incident spreads, it will undoubtedly expose Fuji Steel's disadvantages and some stupid weaknesses in overseas expansion.

At the insistence of Donghua, Yuichi Oda soon recalled Fuji Steel to Japan on the grounds of physical discomfort, and replaced a deputy to assist Nobuo Yamazaki in continuing the negotiation of the joint venture project - Fuji Steel's actions undoubtedly confirmed Shen Huai's previous judgment, but these facts only made some people feel more unhappy.

After the first round of 10 days of negotiations, Nobuo Yamazaki left Donghua and returned to Japan with the initial intention to establish a joint venture, and then the second round of more substantive technical negotiations will be carried out depending on the readiness of each company.

As for the initial cooperation intention, the joint venture company is located in the Yanjiang area of Meixi Town, and Meigang participates in the joint venture company with 400 acres of project land and ensures the full construction and priority supply of supporting facilities such as electricity, water supply and transportation, and completes the demolition and three links of the project land as soon as possible.

The city's steel mill jointly lent 120 million yuan from Donghua City Credit Union, Yexin Bank, and other financial institutions to inject $24 million into the new joint venture, and Fuji Steel directly injected $24 million into the joint venture.

Meigang, Shigang and Fuji Steel account for 15%, 35% and 50% of the joint venture, respectively.

The joint venture company will be responsible for providing skilled workers and grassroots technical personnel from Meigang and Municipal Steel Plant, and the joint venture company will introduce the main equipment and complete set of technology of 300,000 tons of electric furnace steel medium and heavy plate production line from Fuji Steel.

The top management is jointly assigned by the three companies.

Due to the huge investment in the equipment of the rolling section of the medium and heavy plate project, the rebar project with low investment can be compared, and at the same time, it is agreed to introduce complete sets of steelmaking and rolling equipment from Fuji Steel, and the cost is even higher.

Although the necessary industrial supporting links such as power supply and water supply are solved by Meigang, which can save part of the investment, it is still difficult to control the investment of the main body of the project below 500 million.

In addition to the direct injection of funds from the municipal steel mill and Fuji Steel, the joint venture will require about US$30 million. This part of the funds will be provided by Fuji Steel's affiliated Japanese banks to provide low-interest yen loans.

Such conditions do not speak of favoring or disadvantageous.

Although Fuji Steel is the main supplier of project funds, nearly half of the project funds will be used to import complete sets of equipment and technology from Fuji Steel, and Fuji Steel will also own half of the equity of the joint venture company, which will initially improve its overseas industrial layout.

At the same time, Fuji Steel's Japanese general manager will be in charge of the procurement of raw materials for steel scrap required by the joint venture in the future, mainly from Japan, and Fuji Steel will establish a wholly-owned charge trading company in Donghua for this purpose.

For Meigang and the city steel mills, there is nothing fair or unfair. Meigang and the city steel mill lack the funds to do new projects, to participate in such a large joint venture project, it is necessary to make certain concessions. And under the current conditions, concessions are also within a relatively fair range.

Meigang mainly took out 400 acres of project land, and also wanted to increase the investment in industrial supporting facilities, but after the completion of the joint venture, Meigang provided industrial supporting services, and naturally could also get due benefits from charging fees.

The municipal steel mill was not eligible to participate in such a joint venture project, but with the support of the municipal party committee and municipal government, it planned to get a huge loan directly from the bank to participate. In addition to the continued snowballing expansion of the debt scale of the steel mill in the city, this move actually did not invest anything, and even obtained a higher status than Meigang in the joint venture. Naturally, the city steel mill has nothing to be unhappy about.

As for the Donghua region, a single project can bring in 50 to 60 million US dollars of foreign exchange funds, and the results of attracting investment can be described as remarkable.

The upstream and downstream industrial chain of the project plus the project itself can almost create two or three thousand jobs for Donghua Xin, and after completion, it can create a large amount of tax revenue for the local government, and if the municipal steel mill can obtain huge profits and dividends from the completion of the new project, its own operating difficulties can also be greatly alleviated - this initial intention is reached, even if some concessions are made, it is also very necessary.

After Nobuo Yamazaki and others left Donghua, they returned directly to Japan, and they could also see that Fuji Steel had no better choice in China. Seeing this situation, the city formally established a leading group for the preparation of the joint venture company the next day.

Tan Qiping instructed Liang Xiaolin to personally serve as the head of the preparatory work leading group, Gu Tong to represent the city steel mill, Shen Huai to represent Meigang as deputy leader, and Zhou Ming to serve as the director of the leading group's office, and to transfer personnel from Meigang and the city steel mill to be responsible for the follow-up liaison with Japan and the organization of the next stage of negotiations.

For Zhou Ming, it is natural to be proud and full of ambition.

The joint venture company seems to have less production capacity than the city steel mill, but the starting point of the positioning is high, and the total asset scale will exceed 600 million yuan after completion, which is larger than the current Meigang, not to mention that the asset quality after completion will be several levels higher than that of the city steel mill.

At the same time, the joint venture company is the provincial government and the municipal party committee and municipal government focus on investment projects, Zhou Mingneng on behalf of Meigang, the city steel mill as the general manager of the Chinese side, in Donghua can no longer be described as an up-and-coming, can be said to be a rising bright star.

Four months ago, Zhou Ming was still resentful and resentful of losing the opportunity to serve as the mayor of Hetang Town, but at this time, how many township party and government positions can be held in Donghua City, which are more important than the Chinese general manager of the joint venture company?

Shen Huai was not enthusiastic about the joint venture project, but Gu Tong had a positive attitude towards the joint venture project, and allocated three vehicles and drivers from the city's steel mill to the leading group for the preparatory work.

On the eve of leaving the country, Shen Huai called the city to attend a coordination meeting.

The main purpose of this coordination meeting is to solve the problem of capital contribution loans to be borne by the city's steel mills, and to bring together representatives of financial institutions in Donghua City for coordination.

Although it has nothing to do with Mei Gang, Shen Huai, as the deputy leader of the preparatory work leading group, has no way to be lazy.

In the initial cooperation intention, the city steel mill is responsible for directly investing 120 million funds, and the city steel mill can not take the money out, so it can only borrow from the bank.

At present, the total deposit balance of all financial institutions in Donghua City as of December is 27.8 billion. The amount of loans issued by financial institutions within a certain period of time is directly related to the new deposits. According to Donghua's economic growth, the total amount of loans that can be issued next year will be about 500 million or 600 million.

If the loan of 120 million yuan is settled to the city's steel mill next year, the total plate will be crossed out by almost one-fifth of the amount at once.

If the city's steel mills have a good reputation and strong ability to repay loans, the banks can squeeze in from other aspects and make up 120 million yuan to lend to the city's steel mills.

The key is that no one is stupid, and now agrees to lend money to the city steel mill, not to mention no additional benefits, with the poor business and profitability of the city steel mill, once the joint venture project goes wrong, what guarantee does the city steel mill take to repay the loan, pay the principal and interest on time?

Even though they are under pressure from the municipal government to support the joint venture project, each company wants to reduce the proportion of loans it bears. The Financial Coordination Council was held once before, and it was only after the credit line of 30 million was scraped together, and there was still a shortage of the boss from 120 million.

If the municipal steel mill cannot obtain sufficient loan credit and cannot bear the obligation of capital contribution, there will be no basis for the entire joint venture project to continue to be discussed. In order to promote the next stage of negotiations as soon as possible, the city has also accelerated the promotion of credit granting.

Shen Huai took Sun Yalin's car to the parking lot in front of the city government building, got out of the car and blew his neck straight to the cold wind.

Sun Yalin took the car keys and saw Zhou Ming driving a black Buick sedan behind them, walked up to Shen Huai, and said, "I think he can still jump for a while......"

“…… Let it be. Shen Huai shrugged and said indifferently.

When the responsible persons of ICBC, Bank of China, and other banks saw Shen Huai and Sun Yalin entering the conference room, they came over and complained: "Why don't you Meigang bear the main obligation to contribute capital to this joint venture project? If Meigang wants to use this money, it will be much easier to talk about it." Even if our city bank's plate is limited next year, we can still go to the provincial bank to fight for it with confidence, why bother calling to the city again and again to suffer this torture?"

Gu Tong and Zhou Ming, who entered the conference room later, heard this, their faces were ugly, but they could only force a smile - in addition to the urban credit union being directly controlled by the city, financial institutions such as the Industrial and Commercial Bank of China and the Bank of China, although they usually have to take care of the face of the local government, but after all, they are with the local government.

Whether it is to absorb deposits, lend loans, or provide other financial services, what they want to strive for is high-quality customer resources such as Meigang, which makes a profit of seven or eight million a month, rather than inferior customers like the city steel mills, which will only add bad debts to the bank.

On the one hand, they believe that Meigang will lead the joint venture project, and the success rate of the joint venture project will be higher; on the other hand, even if the joint venture project led by Meigang fails, Meigang's debt repayment ability is by no means comparable to that of the city's steel mills.

Shen Huai smiled bitterly with the heads of various banks: "Meigang will operate a new project in the near future, and the scale will be smaller than the joint venture project with Fuji Steel. ”

"What new project, how big is the scale, and how much does it cost?"

"You have to tell us the news in advance, don't always catch us off guard. ”

"This time, you can't let the bank eat alone, and we have the money to release too." Although the quota is tight, Meigang has a need, and we still have it. ”

As soon as they heard that Meigang had a new big project operation, the responsible persons of various banks in Donghua City came around to inquire about the news, and they forgot that they had called to the city this time to participate in the coordination meeting to solve the loan credit of the city's steel mills.

Xiong Wenbin, who accompanied Tan Qiping to participate in the coordination meeting, saw this scene, and then saw Zhou Ming and Gu Tong in the conference room standing aside with ugly faces, and sighed in his heart: I don't know if Zhou Ming can see the gap from this scene.

Tan Qiping and Liang Xiaolin, standing at the door of the conference room, saw this scene, their faces were equally ugly, but it was difficult to say anything.