Chapter 86 Funding Arrangements

In the general elections to the People's House of the GDR two months ago, the "German Union", which was made up of the "League of Christians", "Rise for Democracy" and the "German Social Union", won by a landslide.

Chancellor Kohl visited East Germany six times in person, participated in campaign rallies in solidarity with the "German Union", made it clear that only when the "German Union" came to power, the Federal Government of Germany could provide large-scale assistance to East Germany, and promised to establish a two-German monetary union and an equivalent exchange of the two German marks......

As a result, this victory was also called "Cole's victory".

Substantial progress was also made in the "214 talks" held successively in Bonn, Berlin, Paris, and Moscow, and US President George H.W. Bush decided to vigorously support German reunification. Gorbachev, who was weak and fond of "new thinking", also abandoned his opposition to German reunification. Britain and France, who did not want to see the reunification of the two Germanys, had more than enough strength to resist. Let the internal problems of the two Germanys that were discussed before become the question of the bloc belonging of Germany after reunification and the border issues of Germany in the future.

A monetary union is in sight, and the reunification of Germany is a foregone conclusion.

However, a political victory will not solve the immediate real problem.

Since the fall of the Berlin Wall last year, the East German police have issued tens of millions of exit permits, compared to less than 20 million people. Every day, hundreds of thousands of East Germans flock to West Germany, find a job to stay, and come back without finding a job...... This put enormous pressure on prices, employment and social security in West Germany.

The new era requires a new atmosphere, and it is against this backdrop that the East Berlin City Government has approved the investment application of Hong Kong NB Electric (Germany) Co., Ltd. with lightning speed.

For fear of touching the sensitive nerves of the West German power giants, the name of the project is "East Berlin Waste Incineration Plant", at least on the surface, it has nothing to do with "electricity".

Moreover, it is a joint venture, with the joint investment of Hong Kong NB Electric (Germany) Co., Ltd., West Berlin City Cleaning Company and the East Berlin City Government, with 16 million SMS, 2 million SMS and land respectively, accounting for 74%, 10% and 16% of the shares, with a designed daily waste processing capacity of 3,000 tons.

The environment is already so bad, how bad can it be?

As soon as the Berlin Wall fell, foreign investors came to invest, provide jobs, and solve environmental problems, and East Germans welcomed it with raised hands. NB electricians' switches and sockets are impeccable, but many West Germans are skeptical that NB Electric can properly dispose of garbage.

In order to reflect NB Electric's determination in environmental protection, Liu Siwei, chairman of NB Electric, who came from Hong Kong to sign a contract, immediately announced: In the open landfill one kilometer west of the waste incineration plant, another 13 million SMS will be invested in the construction of NB Electric's East German headquarters, R&D center and an electrical equipment factory!

By building its headquarters, R&D center and factory on a garbage dump, right next to the soon-to-be-ground-breaking waste incineration plant, NB Electric's responsible move is more convincing than any justification and publicity.

In order to contribute to the development of East Germany into a "flowery landscape" and to provide 1,000 jobs, Chancellor Kohl felt the need to recognise the first Hong Kong company to invest in East Germany, and once again attended the second signing ceremony between NB Electric and the East Berlin City Council.

For a time, NB Electric became the target of the media in East and West Germany, and even the sales of NB electricians and NB electrical products in the German market were more than 30 percentage points higher than last month.

The charter wanted to invite Chancellor Kohl and East German dignitaries to the groundbreaking ceremony for the waste incineration plant and the GDR headquarters, but the idea was finally discouraged by the fact that there was now a lot of sewage and stinking water.

It's too difficult to do something in Germany, where government laws and regulations, industry associations have a variety of rules and regulations, and even the board of directors has to be appointed by a supervisory board composed of shareholders and labor. After some consideration, the charter decided to break ground before the real reunification of the two Germanys, so as to save the future from arguing with the messy associations and organizations and wasting all the precious time.

Without the harassment of the nosy guys of the West German trade unions, NB Electric showed the bloody side of the capitalists. More than 1,000 Vietnamese laborers began sorting garbage and tidying up the construction site with little protection.

More than 50 experts and professors from several universities in Hong Kong, Japan's Songshin and South Korea's Four Star Heavy Industries are working day and night to design the drawings of the waste incineration plant. Considering the feelings of the West German research institutes, one after another commissioned research orders also flew away. The R&D personnel who have just been transferred from the technology application laboratory are in the center to coordinate and learn and digest the advanced technologies of Japan, South Korea and Germany in the field of waste incineration power generation while ensuring the progress of the project.

"My dear Zhang, Leipzig Construction Company is a subsidiary of the Transport Committee and has contracted more than a dozen national projects, and believe me, they have no problem."

Since the signing of the investment agreement, good neighbor Angela has set her sights on NB Electric's infrastructure project, which is the sixth East German construction company she has recommended. In fact, there were only five or six construction companies in East Germany, and there were only engineering and technical personnel and equipment, and almost all of the construction personnel came from Eastern European countries or Vietnam.

What's more, people have run almost the same, and those construction machinery are also outdated, and the charter really doesn't dare to hand over the project to these companies.

"Doctor, I can understand your eagerness to solve the employment of compatriots, but I am only one of the many shareholders of the company, not a member of the board of directors, let alone the chairman, in fact, even the chairman of the board of directors is subject to the supervision of the board of supervisors."

The waste incineration plant was established under West German law, and the supervisory board was the superior body protected by law, and as stated in the charter, the supervisory board would have the power to remove incompetent board members if the board insisted on handing over the work to the East German company.

As a qualified politician, she could not know the law and break the law, so she had to retreat to the next best thing, and asked with a smile: "Zhang, the project can be handed over to the West German company, but as an investor, you always have some influence on the specific employment, right?" ”

I said it in the morning, said it in the evening, said it on the phone, and talked about it for three days!

The charter was bored, stared into her eyes, and said meaningfully: "Doctor, 'we are a people' is not shouted in vain, and you should not waste your time on me, but you should talk to your fellow West Germans." As brothers and sisters of the same nation, they should take on more obligations. In addition, I can ask Mr. Daniel to exert some influence, but I do not guarantee how many jobs the contractor will offer to the East Germans. ”

As the deputy spokesman of the East German chancellor, Angrabi clearly understood that West Germans would rather pay a "flat tax" than invest in East Germany. In terms of employment, they would rather use cheap labor from Eastern European countries than "exploit" their fellow citizens.

In contrast, NB Electric's ability to provide a thousand jobs is nothing short of a noble expression of internationalism.

Seeing the chairman of NB Electric walking in, Angela quickly got up and nodded slightly, and said apologetically: "Zhang, I'm really sorry for delaying you for so long, you are right, I should go and talk to the contractor, but you also have to remember to help me put some pressure on them." ”

"Go ahead, I know what to do."

In the past few days, he has been either busy signing contracts or holding press conferences, and Liu Siwei can finally sit down with his brother-in-law who he hasn't seen for more than a year.

“…… Considering that the plate is too small and easy to be manipulated by institutions, you split the share capital after you came to East Germany, and the shareholding ratio remained unchanged, and the outstanding shares changed from the previous 3 million shares to the current 30 million shares. The IPO price was HK$4.28, and it opened at HK$5.62 on the day of listing, with an intraday high of HK$7.11 and a low of HK$6.04, closing at HK$6.33, and it fluctuated around HK$6.45 until I came, and the stock price was generally stable. ”

Excluding the listing costs, NB Electrician's 30% equity financing of more than 110 million Hong Kong dollars is nothing compared to those large companies that raise more than 10 or 2 billion yuan at every turn, but it is a huge amount of money for NB Electrician.

Listing must comply with the laws and regulations of listed companies, and the parent company of this huge financing cannot move a cent, and can only be used for the development of NB electrician. Thinking that Chen Hao had so much extra money in his hand all of a sudden, he was a little uneasy, and asked lightly: "Brother-in-law, how is this fund arranged?" ”

"It also invested in Vietnam with a loan of 3 million yuan to build a factory, 4.2 million yuan for injection molding and metal forming equipment in the Vietnamese factory, and 5.6 million yuan for the purchase of a plate CNC machining center in the mainland factory for the production of junction boxes and low-voltage cabinets for integrated wiring. Of course, it is mainly for the complete set of electrical services, there are OEM profits, which is not a related party transaction, and the compliance lawyer confirms that there is no problem. ”

Liu Siwei took a sip of coffee, and then said: "Considering that the headquarters is too crowded, I took out 36 million yuan to buy the factory building opposite, the first and second floors are used as NB electrician office areas, the third floor is a warehouse, and the fourth, fifth, and sixth floors are used as R&D centers." After the renovation, the systems engineering lab and design room can be moved in; You know the 20 million R&D funds for smart buildings and energy-saving lighting, and the remaining 50 million Chen Hao wants to use lighting fixtures, but there is no suitable land on the other side of the lake, and the political climate in the mainland is not very stable, so it has been unresolved. ”

The funding arrangement is reasonable, and the charter is relieved.

The key is the remaining 50 million Hong Kong dollars, as Liu Siwei said, "the political climate in the mainland is unstable". Eastern Europe is changing dramatically, and everyone is beware of "peaceful evolution", and local governments are not interested in attracting foreign investment until the second "spring" arrives.

Vietnam's investment environment is even worse than that of China, and the charter weighed it and looked up and said: "Since the money can't be spent, then advertise, segment the market, invest proportionally, and even if you smash it, you have to smash the brand." ”

There is no difference between promoting NB electrician and promoting NB electrical, as long as there is the logo of NB electrical and "dream changes the future", it is equivalent to advertising the whole line of products. Liu Siwei reacted and couldn't help laughing: "Just do it, all for product promotion, as long as the performance is improved, there should be no doubt on the CSRC's side." ”

The money came too easily, and it couldn't be used for other purposes, so I didn't feel sorry for spending it, so I simply threw it aside and asked, "How is the electrical set?" ”

"In Xiangjiang, we have invested in six bids and won two, both high-voltage and low-voltage cabinets, with a total contract value of more than 3 million; It also received a batch of small meter boxes from the Provincial Water Conservancy and Electric Power Department and the Guangdu Electric Power Bureau, with a contract value of more than 600,000 yuan, and there was no profit; Southeast Asia has done well, the Philippines, Malaysia and Indonesia have received a total of more than 200 cabinets, with a total contract value of more than 5 million Hong Kong dollars and a profit of more than 1 million. ”

Both high-voltage circuit breakers and transformer test workshops can be done, but the cost is too high before mass production, and the technology is not very mature.

The charter nodded slightly, and said with a smile: "Don't worry, you have to eat one bite at a time, and when the R&D center and pilot plant are built in Germany, the domestic political climate should also be clear." Two years is enough to make reactive capacitance compensation, high-voltage circuit breakers, and sulfur hexafluoride circuit breakers, and then select two or three provinces to invest in factories respectively to really do high and low voltage power distribution. ”

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