Chapter 266: New Project Company

After 92 years, the supply of steel in the domestic market is in short supply, and the price of steel is faster than the rise of raw materials, which makes the profit level of the entire steel industry at a historical high, and also lures capital to enter.

Although four months ago, Meigang could already be said to have taken advantage of the situation to complete the rebirth of the phoenix in terms of management and team building. However, at that time, Meigang's main electric furnace steel production line had just completed the transformation, and the dual advantages of technology and management had not yet been brought into play, and the monthly profit was still floating around 2 million. Although such a result is good, it is not too attractive to Song Hongjun.

Just after July, Meigang made a monthly profit of more than 7 million yuan for four consecutive months, and such an achievement can already be said to be dazzling and eye-catching in China; naturally Song Hongjun, who was doing business and seeking profits, was suddenly moved.

Of course, Meigang's existing main production line has been operating maturely, and Song Hongjun wants to directly use the net asset value to amortize the shares to enjoy its success, even if Shen Huai doesn't care, Sun Yalin and others will have opinions, which will undoubtedly dilute the profits they can share.

Since the relationship between supply and demand in the domestic steel market is not stable, it is difficult to estimate what kind of spillover price is relatively fair, and the best way is to jointly invest in the establishment of new companies to build and operate new projects, and duli to calculate profits and losses.

This is also the joint venture model that Meigang and Fuji Steel are now negotiating, but Fuji Steel has control ambitions for the Meixi power plant and terminals, so Shen Huai has no intention of cooperating with it.

Since Song Hongjun has the idea of investing in steelmaking, in the next two days, Shen Huai will disclose more financial information of Meigang to him - because the bank wants to make a new credit assessment of Meigang, Meigang's financial data in the first three quarters of this year is being audited by a third party - in addition to the relevant financial data, in the night before Song Hongjun left Donghua, Shen Huai also specially gathered Zhou Zhibai, Chu Yiliang, Yang Haipeng, Zhu Li and others to introduce to them the materials that West Youmins Industrial Group is about to eliminate the electric furnace steel production line.

In the VIP room of Pengyue International Hotel, which was converted from a golf driving range, Shen Huai asked Zhao Dong to send the sorted materials to everyone, and he stood up from the soft brown and yellow skin and introduced the situation of West Youmins Industrial Group to them in person:

"I will go directly to the UK in two days to see the situation of the production line, if it is not much different from what the information says, I will consider directly dismantling this line of West Youmins back to China, and as the production line that West Youmins plans to eliminate, it is not within the scope of the ban on us in Western European countries; ......How big the final investment scale will be, it will be necessary to do a specific investigation and evaluation of the line of West Youmins, it is not easy to say at present, the general estimate of the total investment scale will be between three and five billion, or it may be higher;

The total domestic steel stock is not particularly large, and the recycling system is also very imperfect, one of the main tasks that Pengyue has done in recent years is to open up the channel for scrap steel imports from overseas.

Western European countries are the first regions in the world to complete industrialization, with a total social steel stock of more than 6 billion tons, and a large number of equipment and steel components are scrapped every year, which can be used to make new steel.

In addition to studying in Europe in the early years, and because of Pengyue's business development, Zhou Zhibai has a good understanding of the situation of Western European steel enterprises.

Although West Youmins Industrial Group is not known for steelmaking, it still has a certain position in Western European steel enterprises with a production capacity of one million tons.

Zhou Zhibai looked at the printed information, and could generally know that the materials collected by Shen Huai were more reliable, and thought that if Meigang could really undertake the electric furnace steel production line of West Youmins Industrial Group, which was about to be eliminated and had an annual production capacity of 400,000 tons, then Shen Huai told Xiong Wenbin at the beginning of the year that Meigang would develop to a production capacity of 500,000 tons within three years, and the declaration that it would be possible to achieve it in advance.

Although Zhou Zhibai still has some opinions about Shen Huai in his heart, he has to admit that Shen Huai's means and courage to run a large industry are beyond his reach.

Shen Huai drafted a draft of the new project cooperation, which is also attached to the back of the information of West Omins Industrial Group.

Since it is not yet known how big the overall investment scale of the project will be, the registered capital of the joint venture company established for the new project is tentatively set at 100 million. Meigang plans to take 500 acres of project land and 10 million yuan of capital into the shares, and also provide comprehensive technical and management support, accounting for 40% of the equity, Meigang management can contribute up to 15 million to account for 15% of the shares, and the remaining 45 million registered capital gap is recognized by each family; if there is still a shortage, it will be considered that Hong Kong or foreign capital will attract other capital to participate in this project.

Although the investment amount of the entire project will definitely be far more than 100 million, with a start-up capital of 100 million, the preliminary work can indeed be carried out quickly.

Even if the negotiations with West Youmins do not go well, the new project company has a start-up capital of 100 million yuan, and it can calmly choose other steel projects for investment and construction, as long as the operation team of the new project company is guaranteed, the level is not too much worse than that of Meigang at this time.

The people who were summoned for Shen Huai were a little worse off on the operation of industrial entities, and Song Hongjun's foundation was slightly worse.

However, Song Hongjun has been doing business in the sea for many years, he has never eaten pork and seen pigs run, and he knows that many industries seem to be very profitable, but it is not possible to make money by investing money in it, the key lies in the level of the project operation team.

Song Hongjun was always surprised by the miracle created by Shen Huai. Maybe he was too surprised, Song Hongjun felt that Shen Huai was a little unreliable, but he went to Meixi Town twice and had deep contact with Zhao Dong, Xu Xiting and other Meigang management, and with his vision, he could still see that their management level was above the standard - Meigang's proud achievements also proved this very well.

Song Hongjun believes that there is still a basic guarantee for the establishment of a new steelmaking project in the joint venture, and Meigang will send people to be responsible for the construction and operation.

At noon the next day, before leaving Donghua, Song Hongjun specially hosted a banquet for Meigang's management personnel at the Zhuxi Hotel for further contact and exchanges.

This time, Song Hongjun went to Pingjiang City on the other side of the Zhujiang River to fly directly to Guangcheng, and Shen Huai personally sent him on the ferry; before he got on the ferry, Song Hongjun very simply agreed to Shen Huai that he planned to invest 10 million yuan in the new joint venture company to participate in the project.

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didn't say anything in person, on the way back to Meixi Town from the ferry, Sun Yalin didn't have anything good to say about Song Hongjun behind his back:

"I still think he has a lot of money, and in the end, he only dares to take 10 million to test the waters, I really see him blind......"

Shen Huai leaned on the soft pillow of the seat, tilted his head to look at Sun Yalin's disdain for Song Hongjun, and said with a smile: "I'm not as greedy as you, it's good to raise an extra 10 million, otherwise I can expect more?"

He knew that Song Hongjun did not have unreserved trust in him at this time, and this time he took 10 million to test the water to invest in the joint venture, and he was also moved by the popularity of the steel market in recent years, and he couldn't talk about much support for him.

In contrast, Peng Yue was determined to invest 10 million at this time, Chu Yiliang put the five million profits of Ziluo Home Textiles this year, and Yang Haipeng's Penghai Trade's two million profits this year and invested them in the joint venture company, which can be said to be determined to share the glory and disgrace with Meigang and tie them together.

Pengyue has made a mortgage guarantee of 40 million yuan for the Zhuxi Road and Bridge Project this year, and the loan resources are almost exhausted, and Pengyue's investment in other aspects this year is also large, so it is not easy to squeeze out 10 million funds at this time.

Zhu Li only has a stake in Zhujiang Construction, and Zhujiang Construction undertakes the main burden of the development of Meixi Town, and is in great need of funds, even if the project is profitable, it will not pay dividends for the time being, and even if Zhu Li wants to participate in the joint venture company at this time, he has no capital.

Shen Huai does not have much hope for Song Hongjun for the time being, he has always believed that support is consistent with interests. Only by bringing enough benefits to others that cannot be replaced by others can we get the unreserved support of others.

In the possible side of the Song family in the future, if he wants to win Song Hongjun's support, Shen Huai knows that he does not have a particularly big bargaining chip at this time - Song Hongjun's support for him at this time only sees that Meixi Town and Meigang are profitable.

"That's right," Sun Yalin put her hands on pillows, stretched her waist, and didn't care about the fact that her chest was stretched high in front of Shen Huai's eyes, and said, "You are young and gentle, although you are already a deputy department, but Song Hongqi's position in the ministry is obviously much higher." What's more, other people's Lao Tzu is much more powerful than your Lao Tzu, Song Hongjun decided to support you unreservedly at this time, then his rivers and lakes over the years have really been in vain......"

Shen Huai smiled slightly and asked: "The start-up capital is still as much as possible to make up 100 million, and there are still 17 or 8 million, Zhongxin Investment, how much capital can be gathered this time?"

"I can put on the remaining 17 or 8 million mouths, but I can make up 100 million to start the project, and the final investment scale will definitely be far from exceeding. Sun Yalin said, "I have now mortgaged all my shares in the family fund, and I have used up my previous connections, and I can only raise so much money, I can't wait for my father to die two years early, and the inheritance will continue for me." But my dad is alive now, it seems that he can live for many years, and there is no hope for the inheritance, the key is that my dad still listens to my second uncle's words, thinking that we are just messing around in Donghua, and he refuses to come out with another penny. After all, it was your kid who messed around in France a few years ago, and as soon as others heard that they were involved with you, they immediately retreated, and even I made others have an opinion......"

Although the Sun family is a wealthy family, the total assets of the Evergreen Group controlled by it are nearly 10 billion US dollars, and they are also ranked first in Europe, but Sun Yalin is only the fourth generation of the Sun family, and her private money and share in the family fund are very limited, including the more than one million US dollars she took out before, and this time she plans to take out two million US dollars, which is almost the limit of what she can raise.

At present, it is Sun Yalin's father and Sun Qiyi's generation who really decide the development and investment direction of the Sun family and Evergreen Group - and Sun Qiyi's confidence and favorability towards Shen Huai are still negative, and Sun Yalin wants to persuade them to agree to directly invest in Meigang's new project, which is undoubtedly a fool's dream.

"No matter how much, can you raise 100 million capital, and then borrow 100 million from the business credit bank, and have 200 million to lay the foundation, are you afraid that there is no road before the car reaches the mountain?" Shen Huai is still satisfied with the capital of 100 million yuan, he made up his mind to start the project first, if he can't raise more funds, he can extend the construction period by one year, use the profitability of Meigang's existing production line to continue to transfuse the new project, and generally keep the new project completed in two years.

Shen Huai saw that it was still early, and planned to go back to Meigang first, and drove to Meixi Bridge, when he received a call from Liang Xiaolin, who had just served as executive vice mayor:

"Fuji Steel's negotiators are leaving Xucheng for Donghua by car, and in addition to the previous personnel, there is also Nobuo Yamazaki, the head of the President's Office of Fuji Steel. There is news that Nobuo Yamazaki only arrived in Xucheng by plane this morning, but he did not participate in the negotiations between Fuji Steel and Provincial Steel, but came directly to Donghua this time. Secretary Tan was very happy to know the news and asked Mei Gang to get ready......"

Shen Huai also planned to confess to Tan Qiping in the next two days, but he went directly to the UK for a field trip, but he didn't expect to hear the news at this time. He had a headache for a while, pinched the tip of his nose, and wanted to throw his phone out of the car window.