"Mr. Zheng has been asking you when you will come back these days." Before leaving, Chu Tianxing mentioned Zheng Yiming, "I told him that you were in the company today, and he was already on his way over."

Cai Zhiliang asked: "What is he busy with recently?"

Chu Tianxing shook his head and said: "I don't know, but the properties developed by Tianmen Real Estate in Kowloon will be opened at the end of the month. I don't know if it is for this reason."

"You don't need to ask my opinion on this kind of thing." Cai Zhiliang didn't bother to guess. People were almost here anyway, so he said, "Forget it, let's wait until he comes over."

After Chu Tianxing went out, Cai Zhiliang called Chen Qiang of Mingxiu Newspaper to inquire about the progress of the acquisition of Yulang International, but it was Cao Jinling who answered the phone.

"Where's Uncle Chen?" Cai Zhiliang asked directly.

Cao Jinling said: "The editor-in-chief went to the hospital. He said he had a bad stomach recently."

"When does it matter?"

"It's just been the past two days. I heard there's not much of a problem. What can I do for you?"

"You proposed to acquire Yulang International before. It's been a month. What's the progress now?"

"Last year, the stock price of Yulang International was soaring. Half of the people bought it at HK$1, HK$1.5, or even HK$3 per share before the stock market crash. The cost was very high. According to the current stock price, it is difficult to buy even double the price.

The progress in impressing these 'hairy crabs' is very slow, and the number of stocks currently purchased from the market and shareholders is not as high as it was at the beginning of the year."

Cai Zhiliang didn't press for anything, and not long after hanging up the phone, Zheng Yiming arrived.

"It's relatively smooth going to Europe this time, right?"

"It didn't go very smoothly." Cai Zhiliang gave a brief introduction and said, "However, the final result can be regarded as achieving the expected goal."

After chatting for a while about the current situation, Zheng Yiming handed over a document and said: "This is some information collected about Donglai Trading Company in recent times. Please take a look."

"Donglai Trading Company..." Cai Zhiliang looked at these words, but there was no impression in his mind. Then he started to look through them and asked, "What are your plans?"

Zheng Yiming said: "It is natural that Tianmen Real Estate and Jinhe Investment Company will jointly acquire Donglai Trading House. This will also greatly expand Jinhe's trading business."

"Is Donglai Trading Company listed?" Cai Zhiliang asked after seeing the price per share indicated on the information.

"No." Zheng Yiming shook his head and said: "If it were listed, there would be no need to go to such trouble. The value would be clear at a glance and the stock would be purchased directly from the market. However, precisely because it is not listed, its value is difficult to estimate. At the beginning of the year, hundreds of

Li Zeng planned to acquire Donglai Trading Company at a price of 28 yuan per share, but Mei Shifang rejected it on the grounds that the price was too low."

"28 yuan...that's 1.4 billion, more than 1.6 billion. Is Donglai Trading worth so much?" Cai Zhiliang looked at the total number of issued shares of Donglai Trading and mentally calculated the price of 1.6 billion. After all, this is a trading company.

Most companies are asset-light.

Zheng Yiming nodded and said: "Of course there is. Donglai Trading focuses on assets, otherwise it would not attract the covetousness of so many companies. At the end of the information, there is the value assessment given by Baoyuan Investment in March this year. It is conservative.

The price is estimated to be 2.2 billion, which is also the main reason why Donglai Trading Company refused to acquire it at the beginning of the year. After all, there is a gap of 700 million between the two."

2.2 billion, which is an existence larger than Tianmen Real Estate. It is much more difficult than originally expected, and there is no such large amount of funds prepared. Cai Zhiliang closed the document and thought for a moment. If the acquisition is successful, the benefits will be undoubted.

"You have already contacted the shareholders of Donglai Trading Company. What is their attitude?" Since Zheng Yiming handed the documents to him, there was no way he would be unprepared.

"The shareholders of Donglai Trading House, apart from the Mei Shifang family, are mainly employees of the trading house. This is a long story."

Zheng Yiming said: "Oil trading has always been the main business of Donglai Trading Company. In 1973, when the world's first oil crisis broke out, Donglai Trading Company also encountered a crisis and faced the risk of bankruptcy. The major shareholder Mei Shifang

Social funds were raised, and nearly 45% of the shares were owned by Donglai Trading

The bank's employees purchased it, resulting in the current equity structure of Donglai Trading Company. Now fifteen years have passed, some of these employees have retired, some are about to retire, and most of them are willing to cash out their shares. This is also

The reason why this matter has been spread is that these people are putting pressure on Mei Shifang."

"What about Mei Shifang? What price can he accept?" According to Zheng Yiming's investigation, Mei Shifang's family is the largest shareholder, holding 38.12% of the shares. He has been at the helm for nearly 30 years and has successfully led the company out of crisis.

Can influence the wishes of a large number of people. It can be said that without his nod, the acquisition would be difficult to achieve.

"Mei Shifang's attitude is relatively firm at the moment. He insists on a price of 37 yuan and is unwilling to compromise. However, since he has made an offer, there is room for negotiation. According to my estimation, we should be able to reach a comprehensive acquisition at a price of 32 yuan.

Agreement with Donglai Trading Company." Zheng Yiming said confidently.

"Is there any way you can make that Mei Shifang compromise?"

Zheng Yiming said: "Our purpose is to break up the Donglai Trading House, keep the useful ones, and sell off the useless properties. We might as well break up the Donglai Trading House in front of Mei Shifang.

Divide it."

"Then how should we split it up to satisfy Mei Shifang?" Cai Zhiliang felt that he was about to become a favorite.

"Donglai Trading House was founded by Mei Shifang's father and partners. It started with oil trading, and then established gas stations and refineries. From the oil business, it merged with other trading companies to form today's Donglai Trading House, which also had a glorious history

For a while. At present, Donglai Trading Company’s most important income comes from gas stations.”

Zheng Yiming told the history of Donglai Trading House, saying: "The first step is to spin off the gas station business after buying Donglai Trading House and sell it to Mei Shifang. For Mei Shifang,

Even if the ancestral property of Donglai Trading House is sold, the profitable ancestral property is still there, and it can be passed on to his children. Presumably, he will not object. In this way, he only needs 1 billion in funds to get it.

Go east to the trading house."

Cai Zhiliang frowned and asked, "Without the gas station, what will be left of Donglai Trading House?"

Zheng Yiming said: "There is an abandoned oil refinery in Kowloon that can be developed for real estate; there are also two car sales companies and a maintenance center, import and export of grain and oil, food, and shops, agency sales of building materials, textiles, electronic appliances, etc.

In addition to oil bulk trade, there is an annual import and export trade volume of 60 million US dollars. My original plan was to spin off Donglai Trading House and sell it. If it works well, it will generate a profit of about 300 million US dollars."

Today's Hengda Trading has been going on for almost a year and has not shown any improvement. Cai Zhiliang can only sigh. And there is no harm without comparison. Compared with the shabby situation of Hengda Trading, Donglai Trading Company can definitely do it.

It can be said that it is a big family and a big business.

"Okay, you go talk to Mei Shifang." Cai Zhiliang thought for a moment, then nodded and said, "The car company and maintenance center will stay. Guosen is investing in the car business in Europe."

Zheng Yiming said: "There are also overlapping trades in grain, oil, electronic appliances, and textiles. Handa Trading can be merged into Donglai Trading Company."

"It's best to integrate them together. As for funds, how much can Tianmen Real Estate provide?"

"If an agreement can be reached at the end of this month, Tianmen Real Estate can provide 100 million in funds." Zheng Yiming said: "I was preparing to borrow a loan from Hang Lung Bank a few days ago, but Lao Wen approved Tianmen Real Estate's excessive debts and approved 5,000.

A short-term loan of 1,500 yuan. As you know, property prices are now on the rise. Prices have increased by 10% compared to the beginning of the year. It is expected to exceed 1,500 per square foot by the end of the year. It will not be a problem. Tianmen Real Estate’s liabilities are not heavy.”

Zheng Yiming's purpose was naturally to hope that Cai Zhiliang would nod so that he could get a loan from the bank.

Cai Zhiliang asked: "I heard you say before that Tianmen Real Estate has a property that will be launched at the end of this month and is worth more than 200 million. How come you can't get the money?"

I chose Zheng Yiming because of his ability. If I had unlimited financial support, what would I do with him?

"The income from the property has already been mortgaged, and the old loan and bank interest need to be repaid."

"You push the price further, Tianmen Real Estate will pay 100 million, and the rest will come from Jinhe Investment Company." Cai Zhiliang quickly cut through the mess and said: "Go and prepare. Before the end of the month, I hope to see the results."
Chapter completed!