super energy power

Chapter 203 Mergers and Acquisitions

Qi Meng's report has attracted great attention from the Economic Reform Commission and the upper echelons.

In the late 80s and early 90s, China had many large state-owned enterprises that were half dead.A few of them can survive by self-help, but most of them can only rely on state funding and national policies to find a chance.

This approach is obviously the most costly recovery approach.In addition, joint ventures with foreign companies and the use of foreign technology and capital to revitalize large domestic enterprises have attracted more and more attention from the upper echelons of the country.In the final analysis, this is still a helpless move to exchange big companies for small ones. At the same time, it also creates a paradox. Since foreign companies can acquire large Chinese companies, why can’t domestic private companies acquire large national companies?

As a result, quite intense discussions took place within the entire Economic Reform Commission.

Su Cheng pretended not to know anything about it.Comrades from the Economic Reform Commission can talk about system reforms, and talk about "what." Since he is running an enterprise, talking about these things will be considered overstepping.

Taking advantage of the opportunity in Tianjin, Su Cheng and Shu Lan tasted the beauty... Or, it was Su Cheng who watched Shu Lan taste the beauty... the eighteen pleated Goubuli steamed buns, eating a The cage is also getting tired; Eighteenth Street Mahua is known as crispy and sweet, and Sioux City will be full after eating half of it. The rest of the biscuits, nut sheets, sugar-fried chestnuts, and Lama cakes are only eaten by Shulan. .She walked and searched all the way, and soon found a new target, jumping excitedly, pointing to the signboard of "Eight Big Bowls", and making a sound of "uuuuuuuuuuuuuuuuuuuuuuuuuuuuuu"

"Food." Su Cheng didn't know what the eight bowls were, so he went in and found a place to sit down. Seeing that there was no work to greet him, he went back to the door to buy tickets.

Sioux City asked for the "Eight Big Bowls" by name, and the conductor asked lazily, "Would you like a thin bowl or a thick bowl?"

"What's the difference?"

"Thin bowl or thick bowl?" The conductor looked impatient, as if someone owed him money.

Su Cheng was stunned for a moment before realizing what was happening, and asked, "Are you state-run?"

"To buy or not to buy? There are still people waiting behind."

Su Cheng glanced back, there was really no one.

The corner of the conductor's eyes twitched, and he said, "Why, can you waste time if there is no one behind? If you don't buy it, go eat elsewhere."

Since time travelling, everything has been eaten in a big pot.Whether it is an oil field or a factory, everyone always has a service attitude.The master chef in the canteen of the oil field often gave him steaks. It's rare to see real barbaric service in Sioux City.

Now that he finally learned the lesson, Su Cheng was also convinced, obediently paid for it, and said, "Just a thin bowl."

The conductor swiped twice, found the money, threw a wooden board through the glass window, and ignored him.

Su Cheng picked up the wooden board, only to see the uppercase number "Yishiwu" on the front, and "Xipang" on the back, simple and clear.

Thinking of what the conductor said, Su Cheng was stunned again, thinking: let Shu Lan eat the dishes for 8 people alone, nothing will happen, she doesn't look like she can fill it up.

Su Cheng glanced back guiltily, but was surprised to see another group of people entered the store, led by Formosa Plastics Wang Sheng and his party.Accompanying them were probably officials from the Tianjin Municipal Government. They seemed to have seen Su Cheng when COSCO Shipyard built a new factory.

Compared with when he was in Taiwan, Wang Sheng has more style, he looks like a foreign investor, and looking at the attitude of the city government officials next to him who want to hold him in the palm of his hand, Sioux City is quite funny.

In a daze, Wang Sheng first shouted in surprise: "Chairman Su?"

As if waking up, Su Cheng greeted him with a smile and said, "Mr. Wang is here."

Wang Sheng smiled all over his face, and said quickly: "When did Chairman Su come to Tianjin? I'm going to visit Dahua."

With the word "Dahua", everyone who knows him or not will know who is opposite, so a burst of fake smiles rises.

Su Cheng shook hands with him lightly, and said, "I've only arrived not long ago, are you here to see the place?".

Wang Sheng said "yes" a little embarrassed.

Formosa Plastics' Xinyi dollar petrochemical base is still in preliminary negotiations, and the site selection is mostly confirmed at the beginning, but it does not prevent them from looking at a few more places.Especially when local officials are extremely proactive, even if the investment is not finalized, it is still a good way to get to know it.

However, Sioux City is also a partner of Formosa Plastics, and they also want to invest in Zhuochun Plant in the petrochemical base of Formosa Plastics. Wang Sheng was a little embarrassed to meet him without prior notice.

Su Cheng laughed twice, put aside the matter, and said, "There are 6 of you? I just ordered eight bowls, let's go together."

"Then I won't be polite." Wang Sheng said with a smile: "I just came to taste the delicacies of Tianjin. I wanted to come alone, but no matter what I said, I could only come with a group of people."

Su Cheng smiled deeply, and thought: If you came alone, would you be able to stand such a state-run restaurant?Perhaps, a theory of lax management can be derived.

The secretary of the city government who followed at the end was very clever. He asked for the wooden sign from Sioux City, returned to the conductor, and said a few words, and the conductor's attitude changed immediately.

The eight big bowls are extremely fast, that is, eight sea bowls, which are full of food.

Wang Sheng and Su Cheng ate something fresh, and the others pretended to eat a few mouthfuls, and stopped moving their chopsticks.Only Shu Lan happily ate every sea bowl to the bottom.

Wang Sheng was dizzy, turned his head, and smiled at Su Cheng: "You came to see the factory of COSCO Shipyard? I heard that Halliburton is very expensive."

"I'm actually here to engage in another acquisition project." Su Cheng didn't hide anything, and told about the Jinshi General Factory.

God, although Tianjin is big, factories at the deputy ministerial level are also rare. When I heard that Sioux City was going to annex the Jinshi General Factory, several guys from government agencies paid attention.

Wang Sheng was also surprised and said: "Your actions are really not small. There are schools and hospitals in the Jinshi General Factory, right? It's a bit like a rib."

"It's mainly technical schools and research institutes, hospitals and nursing homes. I plan to sell them or keep them." The technical schools of state-owned enterprises are quite good, because the tasks are heavy, the tasks are high-tech, and the number of high-level workers in the factory is small. Many, technical school students can often get plenty of exercise, which is different from the schools that later generations spent money on.

Of course, technical school students in the 80s and 90s were worthless. During this period, including factories, all the students were valued.This is entirely relationship-oriented.

Wang Sheng pondered for a while, and said, "How much?"

"The total price is between 5000 million and 15 billion yuan." Su Cheng smiled and said, "Jinshi General Factory has a lot of debts. The bank loan alone is close to 2 million yuan. There are still debts owed to the supplier. Tens of millions."

"Triangle debt." City officials also know.

Su Cheng nodded slightly, and said, "I'm going to buy more than Biao's shares. It's between 4000 million and 1.2 million yuan. Of course, the debt must be shared."

"Assuming debt? Will they be willing?" Wang Sheng is also familiar with China's officialdom ecology and knows how difficult it is to get money from the government.

Su Cheng chuckled, and said, "If the Jinshi General Factory is unwilling to sell, I'll just buy another one."

He is confident that the Restructuring Committee is willing to try private mergers and acquisitions.As long as the Jinshi General Factory has the support of the state, it can support it, but after all, it is just dying, and the state may not be able to spend hundreds of millions of yuan to solve the problem.Perhaps in 10 or more years, the Jinshi General Factory can be reborn from the ashes by selling land, and use a large sum of money to build a new factory in another city. If it operates well, it may be able to continue to compete with private companies.

Such factories are not uncommon in China at this time.Unless it gains monopoly resources again, the Jinshi General Factory, which has 2 workers and thousands of retired workers, will never survive the quagmire of high costs and low outputs.

Sioux City promised to turn the Jinshi General Factory into a marine equipment company. Just because of this, the temptation is not small.

Seeing that Su Cheng had a plan, Wang Sheng didn't say any more.Formosa Plastics gave Dahua Industrial a large amount of funds for the development of Abu Dhabi's Setan Oilfield, and is one of the major creditors.However, they cannot interfere with the normal operation of Dahua Industrial, which is also the difference between debt and shares.

After scanning the delicious food, the bp machine in Sucheng rang, and it was the message from Qi Meng.

Wang Shengrao asked with interest: "What's wrong?"

"I guess we have a conclusion." Su Cheng was a little nervous in the calm, and then smiled: "Mr. Wang, let's go to Jinshi General Factory to see together?"

"If you don't tell me, I'm really embarrassed to go." Wang Sheng was also humble.For such a big event, it is very important to have first-hand information.

The city officials looked at each other, hurriedly followed, and took the initiative to drive.

A group of people rushed to the Jinshi General Factory, only Shu Lan was leisurely tasting twists.

It was already afternoon when we arrived at Dejinshi General Factory.

Huo Chang, Li Huanxiang and others had long been waiting outside the gate of the Jinshi General Factory, and handed over the inspection report to Su Cheng.

Everyone seemed a little nervous. This was nothing compared to the merger of Jinan Engine Factory.The latter is a zero-investment purchase. Although the Jinshi General Factory is not well-managed, it is not to the point of insolvency after all.

"Let's go in and talk about it." Su Cheng raised his head, and the first thing he saw was the towering building in front of the door.Compared with the last time he accompanied Liu Bing, his mood was completely different.

Entering the factory area, you will see a vast space lined with trees.Along the edge, there are even two small natural forests, all the way to the distant mountains.

Everyone walked around and took a look before entering the small auditorium under the leadership of the administrative staff of the Jinshi General Factory.

The appearance of Wang Sheng made Du Lijun a little frightened.

Soon, his gaze turned to Su Cheng again.

The latter's eyes were calm and he couldn't see his thoughts.

Qi Meng, Ding Zhipeng and other members of the Economic Reform Commission, as well as Minister Guo and other officials from the Ministry of Energy, all sat on the rostrum.The two sides were given over to Dahua Industrial and Jinshi General Factory.

Soon, an unknown old man sat in the middle of the rostrum.He didn't have any polite words. He opened the document in front of him and said, "Today we are discussing Dahua Industry's acquisition of Tianjin Petroleum Machinery Corporation. For us, this is still a new thing."

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