"I wipe ...... This fat dead man actually came to sell Pat Mining! Thinking of Arnold mentioning to him the serious problem of Pat Mining, Tang Bao's heart suddenly surged with 10,000 grass and mud horses.

Suddenly.

The smile on Tang Bao's face turned expressionless, and he took a sip of the champagne on the table before he said coldly, "If Mr. Huffman wants me to buy Pat Mining Company, I'm afraid you will be disappointed." ”

"Ugh."

Huffman was a little late to the sharp change in Tang Bao's attitude, and was stunned for a moment. I wondered in my heart, I was fine just now, why did my attitude suddenly change drastically, could it be ......

"I'm sorry to tell you that we talked about Pat Mining last night when we met with President Arnold!" Tang Bao said coldly.

And so it was.

Huffman's heart was suddenly very sad, but he didn't expect that he just wanted to be cautious, and he was directly hit by the other party, which was really sad.

"Huh. I'm just using Pat Mining as an example, and I don't mean anything else. Huffman laughed dryly and explained weakly.

Then.

His face turned pale, and he solemnly emphasized: "Since Mr. Tang has known about Pat Mining Company, then I have nothing to hide. Pat Mining is indeed a serious problem, but no one can deny that its rich iron ore reserves are definitely a high-quality asset that is coveted by all parties. Hmph, don't look at Vale's announcement that it is withdrawing from the acquisition now, but it is not that it is not disdainful of this asset, I am sure that giving up is only a temporary choice for them, once the internal problems of Pat Mining Company are alleviated, the other party will definitely make a comeback. ”

Tang Bao also subconsciously nodded in agreement, no matter what happened to Pat Mining Company, but its 200 million tons of high-grade iron ore reserves are real. However, even the behemoth of Vale is intimidating, and it is obvious that the problems of Pat Mining are not small, and they cannot be sorted out and solved casually.

But.

Then again, a well-run Pat Mining Company. I'm afraid it won't be sold easily, and it won't be easy to take.

In particular, the behemoth of Vale is hiding on the sidelines and watching it, and others basically have no chance. Tang Bao was initially interested in Pat Mining, but his first idea was to find Vale to join forces to acquire, and if the alliance was hopeless, he would give up directly...... Therefore, a healthy Pat Mining is not Tang Bao's turn.

Maybe.

Only a mess of Pat Mining Company is Tang Bao's chance!

After seeing the situation clearly, Tang Bao regained a trace of interest in Pat Mining, and now, Vale's withdrawal from the acquisition plan is a great opportunity for him to take Pat Mining, which he missed. It's hard to come across such a great opportunity again. But he was worried that Pat Mining was a bottomless pit that would be difficult to clean up.

"Huffman, can you tell me the truth, just how serious is the problem with Pat Mining?" After a moment of silence, Tang Bao groaned slightly.

Although he received a lot of information from Arnold, it was collected and analyzed by Arnold himself, which may be slightly different from the real situation of Pat Mining.

"This ......," Hefman hesitated.

"I was very interested in Pat Mining, but the reminder from President Arnold and Son discouraged me from buying Pat Mining. If Mr. Huffman is interested in asking me to step up and take over Pat Mining, he should have told me the truth. You only have to provide detailed information. I can evaluate the possibility of acquisition! Don't try to withhold key information, that will only cause me to worry more, which will prompt me to give up resolutely and completely. Tang Bao emphasized solemnly.

Silent.

Huffman did not respond for a long time.

"You...... Are you really willing to buy Pat Mining? After about five or six minutes, Huffman moved his parched lips. Asked uncertainly.

"I'm still the same sentence, you have to tell me the real situation of Pat Mining before I can make a decision." Tang Bao shook his head and said.

Right now.

Tang Bao couldn't tell how serious the problem was and whether it could afford it. Naturally, no promises will be made stupidly.

"It's a big deal. Mr. Tang, you have to promise, after listening. Whether you want to buy Pat Mining or not, don't mention it to the public! Huffman gritted his teeth and said solemnly.

"Okay."

Tang Bao agreed very simply, and there was a feeling of shock.

Looking at Huffman's fluttering eyes, Tang Bao suddenly realized that he hurriedly asked Morais and Milt to leave the table first, but Ray and Natalia took the initiative to leave.

"Kate is my personal assistant and there is nothing to hide, and she will probably be in charge of investment matters in Brazil for the time being."

Tang Bao explained with a smile.

Huffman nodded slightly, but didn't force it anymore. After a moment of silence, he slowly spoke, "The problem of Pat Mining Company is very complex and serious, and if the problem breaks out in a full-scale way, dozens of officials may be implicated...... It can be said that it is widely implicated. So we have been in contact with Vale for a long time, planning to sell Pat Mining to the other party. Vale is a state-owned enterprise, and even if problems are found after the acquisition, it is unlikely that the problems of Pat Mining will be exposed, and at most it will be negotiated privately, and the state government will give Vale some tax incentives to appease. I didn't expect Arnold to be so shrewd and find an anomaly on the eve of the auction. ”

"Yano should have mentioned to Mr. Tang that there was a major production accident in Pat Mining, in fact, if there is no such thing, the problems of Pat Mining will erupt, and this production accident will only detonate the problems of Pat Mining in advance. In the past 10 years, Pat Mining has lost up to $65 million in equipment upgrade and renovation costs, and it is naturally impossible to talk about equipment upgrading and maintenance. Iron ore production has also been decreasing year by year, and the current annual output is only more than two million tons, less than half of the claimed output. The company's liabilities have accumulated to $283 million, and in fact, Pat Mining has long been insolvent! ”

"Since the end of last year, there has been no liquidity in the account of Pat Mining, and even the payment of workers' wages has been dependent on bank loans......

……

The more Heffman went deeper, he kept poking out all kinds of shocking content. Tang Bao and Kate were also shocked again and again.

Arguably.

Pat Mining couldn't be more rotten, no wonder Arnold was backing down.

"If the problem is so serious, why didn't you decisively agree when negotiating with Vale?" Tang Bao couldn't help but ask his doubts.

"There are many reasons, but the main one is that there are serious differences between the union of Pat Mining and Arnold. Pat Mining, which is small but employs more than 20,000 people, wants to lay off 70 percent of its workforce after the takeover, and those who remain will have to accept a 15 percent pay cut. Naturally, the unions could not accept such harsh conditions. Mr. Tang should understand that in Brazil, trade unions have a high political and social status, and the state government has to take into account their position. ”

"Hmm."

Tang Bao nodded, was silent for dozens of seconds, and after sorting out his thoughts a little, he suddenly raised his head and looked at Hefman, "Are you sure that there is only this, and there is no other important information missing?" ”

"I ......"

Huffman subconsciously wanted to reassure, but after coming into contact with Tang Bao's sharp gaze, he flinched, and hurriedly searched in his mind to see if he had missed important information. Huffman pinned all his hopes for saving Pat Mining on this rich man from Wall Street in the United States, and naturally did not want to offend Tang Bao.

"The vast majority of the existing management of Pat Mining has problems!"

"Heh, that's not hard to guess." Tang Bao smiled lightly and shook his head, obviously, for him, this was not important information that was missing.

"The problem of ore theft and selling is somewhat serious......

……

In a hurry, Huffman listed more than a dozen problems in a row, but none of them were serious.

Well?

Tang Bao couldn't help but be suspicious in his heart, secretly thinking that Mo Fei Pat Mining really had no other hidden secrets. However, he always felt in his heart that it would not be so simple.

And also......

Huffman said that dozens of officials will be implicated in the Pat Mining problem, but who will be implicated? Perhaps, this is the crux of the matter!

Pity.

Tang Bao is afraid that it will be difficult to ask the truth.

"Oh, yes, one more thing. Pat Mining's production equipment was outdated and could not be fully produced, so a part of the iron ore area was rented out! ”

"Rent out the iron ore area?" Tang Bao was surprised.

"Yes. If you can't mine there, you might as well rent it to another company for a profit share, which is okay under normal circumstances, but the result is far from perfect. Almost all of the leased mines are divided among the management's relatives, and the profit share collected is almost negligible, and some of the leasers never pay the profits......," explains Huffman in detail.

"Then why didn't you mention it before?"

Hear the words.

Huffman smiled awkwardly and said helplessly: "This is a problem that was discovered not long ago, and the state government has not conducted a detailed investigation, and I have been busy looking for a buyer for Pat Mining recently, so I forgot about this matter." ”

"That means you don't know how much of Pat Mining's assets are on lease?" Tang Bao asked.

"Hmm. So to speak. Except for the management of Pat Mining, I am afraid it will be difficult for outsiders to know the truth. Huffman replied heavily.

Alas.

It's really not the worst, it can only be worse. Without investigating, Tang Bao can also imagine how serious the loss of assets of Pat Mining is.

Rent out the mines!

As the saying goes, the building near the water gets the first month, and it goes without saying what kind of people are the people who have the best chance of winning the leased mining area.

Call.

Tang Bao secretly took a deep breath and forcibly suppressed the shock in his heart.

"Mr. Tang? I've said all I know, and you have to keep your promises. Whether you want to continue buying Pat Mining or not, keep it a secret and don't let it out. ”

Belch.

Huffman's words instantly brought Tang Bao back to his senses, and he immediately smiled: "Ha, don't worry, I will never reveal half a word if I shouldn't say it." ”

Huffman nodded, a little relieved. (To be continued.) )