Chapter 940: Decline

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In the afternoon, under the recommendation of Ye Jianbin and Ma Wenqu, Chairman of the Board of Directors of Nanyang Shipping, Zhang Ke met with Li Yaohua, Vice President of Singapore Port Group, at The Peninsula Hotel. Pen "Fun" Pavilion www.biquge.info

Over the years, Nanyang Shipping has actively invested in the construction of seaports and terminals in various parts of Asia, but it still lacks the experience of undertaking the construction of comprehensive super-large deep-water seaports, not to mention the planning and construction of Lingang New City and Port Industrial Zone. The Singapore Port Group has much more experience in this area, and in Asia, Singapore's port management level is also superb, and the introduction of the Singapore Port Group into the Dongshan Island Port Construction Project is not just to share the pressure of construction financing.

Although Singapore has survived the financial turmoil and its economy has not suffered a major setback, the destructive financial turmoil has also made all strata of Singapore feel uneasy, and the Singapore Port Group naturally has new thinking and adjustment for the future development direction.

It has been almost three months since Nanyang Shipping and Kumho Corporation jointly came forward to negotiate with the Singapore Port Group. In the past two months, the Singapore Port Group has sent three delegations to Xinting for inspection, and separately commissioned the Singapore Waterway Design Institute to conduct a full sea survey and scan of the channel designed by the Xinting Port Authority, and mobilized a round of ultra-large bulk carriers with a draft of 17 meters deep under the Singapore Port Group from Wenzhou Port to conduct a trial voyage on the channel, which confirmed that the Dongshan Island Waterway is the best deep-water seaport resource north of Wenzhou Port to the south of Bohai Bay. Reached a cooperation intention to jointly fund the construction and management of Dongshan Island, and became the co-sponsor of the Dongshan Island port construction project.

Li Yaohua's trip is to Xinting to sign an agreement of intent on port development cooperation on behalf of the Singapore Port Group, and there is no direct flight from Singapore to Jinshan, so he can only transit in Hong Kong, but there will be no plane to Jinshan until tomorrow morning.

Up to now, the cooperation framework for the development of Dongshan Island has been preliminarily determined by the initiators of the Dongshan Island Port Construction Project, including Nanyang Shipping, Singapore Port Group, Kumho Corporation, Xinting Port Authority, Donghai United Iron and Steel Group, Yangpu Shipbuilding Group, and China Ocean Shipping Group.

According to the regulations of no less than 40% of the port investment's own capital, the initiation capital of Dongshan Port Development Group Co., Ltd., with a total planned investment of 2.5 billion US dollars, will be as high as 1 billion US dollars, Kumho Shoji will inject 160 million US dollars of capital and hold 16% of the shares, Nanyang Shipping will inject 180 million US dollars of capital and hold 18% of the shares, Singapore Port Group will inject 150 million US dollars of capital and hold 15% of the shares, and the total shareholding of the three overseas companies will be 49%. The Xinting Municipal Government invested US$100 million in the land resources of Dongshan Island and 60 square kilometers of sea resources, and jointly held the remaining 51% of the equity with Donghai United Iron and Steel Group, Yangpu Shipbuilding and China Ocean Shipping Group.

In addition to the US$900 million capital injected directly, there is also a US$1.6 billion construction funding gap for the first phase of the port, which will be injected by the sponsors in the form of debt financing in the form of shareholding proportions, and Kumho Corporation and Nanyang Shipping will also bear US$5.44, which will be a total of US$850 million in real money. There is no doubt about the financial strength of the Singapore Port Group, and the capital contribution part of the Donghai United Iron and Steel Group and Yangpu Shipbuilding Group is supported and guaranteed by the Donghai Provincial Government, and it is not a problem, and the China Ocean Shipping Group, as the largest state-owned marine transportation group in China, even if its own financial strength is somewhat insufficient, but the bank is similar to his own business, and the capital contribution part will not be a problem.

In addition to the construction of the port, Dongshan Port Development Group will also undertake the construction of water supply, power supply and other supporting projects, only by the Singapore Port Group's Deli Group to undertake the construction of the first phase of the thermal power plant investment of up to 500 million US dollars, the actual cost of the first phase of the port infrastructure is less than 2 billion US dollars, including a direct span of five kilometers to connect Dongshan Island and the coast of the investment in the sea.

Jiangnan Province and Xinting City do not seem to need to directly contribute, but in addition to power supply and water supply supporting projects, the investment in communications, highways, railway transportation connections and other supporting projects will not be less than 2 billion, which does not include the construction costs of Jinshan, Huishan to Xinting Expressway Network and Xinting to Port Expressway.

Port construction needs to be supported by industry in order to highlight the huge value, and the Lingang New City and Port Industrial Park, which rely on Dongshan Port, are the giants of future investment.

In addition to the steel industry base and shipbuilding base have confirmed investment intentions and are making plans, the Xinting municipal government is negotiating with the Singapore government to jointly develop the remaining part of the port industrial park and Lingang New Town, planning to reclaim 200 square kilometers of construction land on the cofferdam on the seashore between the east of Dongshan Town and the west of Dongshan Island (Dongshan Port). The initial investment budget for the reclamation of 15,000 acres of land in the first phase of the steel industry base alone will be as high as 600 million, and if an agreement is reached with the Singapore government, the total investment of the entire cofferdam reclamation project will exceed 10 billion. After the completion of the reclamation project, the port industrial park will accommodate hundreds of billions of investments.

This is definitely a breathtaking project in China in '98, even if you look at the world, it is rare.

Zhang Ke will fly back to Jianye tomorrow afternoon, and when he returns to Jianye, he has no plans to go to Jinshan to participate in the signing ceremony of the initiator's intention to cooperate, and everything still needs to be officially approved by the State Council, and it may take another month or two to see it.

The dinner was accompanied by Ye Jianbin and Ma Wenqu Li Yaohua, and Zhang Ke returned to the Renaissance Seaview Hotel, and had dinner with Deyi's senior vice president Del Fasi in the evening.

After arriving at the hotel, it was still early, so I accompanied Tang Jing to the exhibition hall for a walk.

In ninety-eight years, domestic enterprises also organized a delegation to participate in the Hong Kong Electronics Fair, but the management department allocated to the mainland pavilion area of domestic enterprises is the temporary reconstruction of the underground garage, the seat is more partial, Zhang Ke and Tang Jing specially went around to take a look, many people in the main exhibition hall will not notice the narrow passage turned over - the passage is in the corner of the toilet in the hall on the first floor, black, if it is not for Zhai Danqing to lead the way, Zhang Ke can touch it to call a ghost.

"Domestic enterprises complained about this," Zhai Danqing said about the situation of domestic enterprises participating in the exhibition, "and plans to unite with the management department to explain the ......"

The exhibition area is not well lit and the flow of people is very small, so it is indeed very unfair to throw it into this corner, although it has been more than a year since Hong Kong's return to the motherland, all kinds of prejudices still exist. Zhang Ke said to Zhai Danqing: "You call the person in charge of the exhibition in Kumho and try to provide some help." ”

Ge Yinjun walked towards him, he saw Zhang Ke and them first, and hesitated not to turn his head to stagger with Zhang Ke and them, and he didn't even have the courage to look at Zhang Ke.

The Hong Kong Autumn Electronics Fair is more like a trade show, and it's not surprising that Ge Yinjun is in the mainland pavilion, and it's even less surprising that he is hiding from this side.

Zhai Danqing glanced back at Ge Yinjun, saw him speed up his pace and leave here with his entourage, and asked Zhang Ke: "It has been a few days since the Hong Kong securities regulatory department officially intervened in the investigation of Jiaxin Electronics, what do you think will be the result?" ”

"Pay the fine and sign a settlement agreement to terminate the CSRC's investigation of Schwab Electronics," Zhang Ke smiled, "There aren't many options left for them...... At the end of last year, they transferred the actual loss of 200 million yuan to the listed company, and the business continued to lose more than 100 million this year, but it ensured that Kewang made a profit from the overseas business, Ge Mingxin and Ge Yinjun privately had to pay fines probably not less than twice this amount, I don't know if their father's family background is so ......thick."

Not to mention the glory of the Ge family, the assets under the names of Ge Mingxin and Ge Yinjun at their peak exceeded 15 billion, even at this time, the assets under their names will not be less than 4 billion, but these 4 billion assets are mainly in the form of equity assets of Jiaxin Group, Zhang Ke believes that the assets that Ge Mingxin and Ge Yinjun still have in their private names should be extremely limited. Zhang Ke thought to himself that he was also a rich man - the invisible rich people in China who could be richer than him could definitely count the fingers of one hand, but the assets under his name were mainly Kumho's equity assets, even if he liked cars very much, in order to avoid taxes and facilitate management, the luxury cars he allocated to himself every year were purchased in the name of the company, and the private assets outside Kumho may add up to only one or two million. Zhang Ke also often joked with Du Fei not to borrow money directly from him, because he didn't have a penny in his wallet for a lot of time.

Kewang overseas company is Ge Yinjun's private registered company, to pay a fine, but also Ge Mingxin, Ge Yinjun private payment, such a huge fine, Ge Mingxin, Ge Yinjun father and son can only be raised by selling the equity of Jiaxin Group, the two most important listed companies of Jiaxin Group are also the core assets of Jiaxin Group is in turmoil, Ge Mingxin, Ge Yinjun want to cash out at this time, want to sell at a good price, it is really difficult to get to the sky.

Zhang Ke tapped his forehead with his finger and said to Zhai Danqing: "Presumably, there should be many people in Hong Kong who covet Jiaxin Group, and then, it's time for them to perform." ”

"There should be ......" Zhai Danqing smiled, thinking: The wall is down and everyone pushes it, the Ge family is about to completely decline, and it is not appropriate to think of it, Ge Mingde and Sun Shangyi should be regarded as side branches of the Ge family, and Sun Shangyi's assets in the open and in the dark are also three or four billion.