Super Energy Power

Chapter 203 Mergers and Acquisitions

Qi Meng's report has attracted great attention in the Sports Reform Commission and the upper level.

In the late 1980s and early 1990s, there were many large state-owned enterprises in China, which were in a semi-dead state. A small number of them can survive through self-help, but most of them can only rely on state funding and national policies to find a glimmer of life.

This method is obviously the most expensive way to recover. In addition, joint ventures with foreign companies to revitalize large domestic enterprises with foreign technology and funds have attracted more and more attention from the upper levels of the country. In the final analysis, this is still a helpless move to exchange the big for the small, and there is also a paradox. Since foreign enterprises can acquire large enterprises in China, why can't domestic private enterprises acquire large enterprises in the country?

For this reason, there has been a quite heated discussion within the whole Sports Reform Commission.

Su Cheng pretended to know nothing about it. Comrades of the Sports Reform Commission can talk about system reform and "why" since he is in an enterprise, it is suspected of being overdoing it.

Taking advantage of the opportunity in Tianjin, Su Cheng and Shu Lan tasted the beauty everywhere... Or, Su Cheng watched Shu Lan taste the beauty everywhere... Eighteen pleated dog buns, and it was tired of eating a cage; the 18th Street Mahuā was known as crispy and sweet, and Su Cheng was directly full after eating the top half of it, and Fried chestnuts with sugar, lama cake, only Shulan can eat. She searched all the way, and soon found a new goal. [Xingxing] jumped excitedly, pointed to the signboard of "eight big bowls, and made a "wow" sound in her mouth...

"I'm a foodie." Su Cheng didn't know what the eight bowls were. He entered the door and found a seat and sat down. Seeing that there was no work to say hello, he returned to the door to buy tickets.

Su Cheng asked for the "Eight Bowls" and asked lazily, "Do you want a thin bowl or a thick bowl?"

"What's the difference?"

"A thin bowl or a thick bowl?" The conductor looked impatient, as if he owed him money.

Su Cheng was stunned for a moment before he realized something and asked, "Are you state-owned?"

"Buy or not? There are still people waiting in the back.

Su Cheng looked back, and there was really no one.

The conductor's eyes collapsed and said, "Why, no one can waste time behind? If you don't buy it, just eat somewhere else."

Since I traveled through time, I have eaten a big pot of rice. Whether it is an oil field or a factory, everyone looks up and doesn't look down. There is always a little service attitude. The master of the oilfield canteen often sends him steaks. The real barbaric service is really rare in Sucheng.

At this moment, he finally received the teaching, and Su Cheng was also convinced. He obediently paid the money and said, "Just a small bowl."

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

Su Cheng picked up the board and saw that the front was the capital number "Yi Shi Wu" and the back was "fine, two words, simple and clear.

Thinking of what the conductor said, Su Cheng was shocked and thought to himself: 8 people ate the dishes and let Shu Lan eat alone. There would be no accident. No matter how she looked at it, she didn't seem to be full.

Su Cheng looked back with a guilty look, but was surprised to see another group of people entering the store, led by Wang Sheng and his party. Accompanied by officials of Tianjin government, Su Cheng seemed to have seen it when COSCO's new shipping factory was built.

Compared with when he was in Taiwan, Wang Sheng's style was full of foreign investors. Looking at the posture of the city officials next to him who couldn't wait to hold him in the palm of his hand, Su Cheng was quite funny.

In amazement, Wang Sheng first shouted in surprise, "Chairman Su?"

Su Cheng woke up and greeted him with a smile, "Mr. Wang is here."

Wang Sheng smiled and said quickly, "When did Chairman Su come to Tianjin? I'm going to see you in Dahua.

There is the word "Dahua", and people who know and don't know who is opposite, so a fake smile rises.

Su Cheng shook hands with him gently and said, "I'm just here. Are you here to see the place?"

Wang Sheng was a little embarrassed to say "yes".

Formosa Plastics' heart B dollar petrochemical base is still under preliminary negotiations, and the site selection has been determined at the beginning, but it does not prevent them from seeing more places. Especially when local officials are extremely active, even if the investment is not determined in the end, it is also a good way to understand.

However, Sucheng is also a partner of Formosa Plastics, and he also wants to invest in Zhuol Factory in Formosa Plastics's petrochemical base. He encountered it without prior notice, which made Wang Sheng a little embarrassed.

Su Cheng laughed twice, put aside the matter and said, "Are you six people? I just ordered eight bowls. Let's go together.

"Then you're welcome." Wang Sheng smiled and said, "I'm here to taste Tianjin food. I wanted to come alone, but I couldn't do anything, so I had to come with a group of people."

Su Cheng smiled deeply and thought to himself: If you come alone, can you stand such a state-owned hotel? Maybe a set of theories of lax management can be derived.

He was very clever with the secretary of the municipal government at the end. He asked for a wooden sign from Su Cheng, returned to the conductor, said a few words, and the conductor's attitude immediately changed.

The eight 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 take a few bites and stopped moving their chopsticks. Only Shu Lan happily ate every sea bowl to the bottom of the sky.

Wang Sheng was dizzy. He turned his head and smiled at Su Cheng, "Are you coming to see the factory of COSCO Shipping? I heard that Halliburton is very expensive.

"I'm actually here for another acquisition project." Su Cheng didn't hide it, so he told him about the Jinshi General Factory.

God, although Jin is big, deputy ministerial-level factories are also rare. I heard that Sucheng is going to merge Jinshi General Factory, and several government agencies have paid attention.

Wang Sheng was also surprised and said, "Your movements are really small. There are schools and hospitals in Jinshi General Factory, right? It's a bit like the scale of ribs.

"It's mainly technical schools and research institutes, hospitals and nursing homes. I'm going to sell them or leave them." The level of technical schools in state-owned enterprises is quite good. Due to the heavy work tasks, the high technical content of work tasks, and the large number of high-tech workers in the factory, technical school students can often get abundant training, which is a certain difference from the schools in later generations.

Of course, technical school students in the 1980s and 1990s were worthless. During this period, including factories, they all valued college students. This is completely oriented towards the relationship between supply and demand.

Wang Sheng pondered and said, "How much is it?"

"The total price is between 50 million and 1.5 billion yuan." Su Cheng smiled and said, "There are a lot of debts in Jinshi General Factory. The bank's loans alone are close to 200 million, and there are still tens of millions left to the suppliers."

"Triangular debt." Municipal officials also know it.

Su Cheng nodded slightly and said, "I'm going to buy more shares. It is between 40 million yuan and 120 million yuan. Of course, the debt should also be shared.

"Bare the debt? Can they do it?" Wang Sheng is also familiar with the officialdom ecology of the country and knows how difficult it is to pay from the government.

Su Cheng smiled and said, "If the Jinshi General Factory is unwilling to sell it, I will buy something else."

He is confident that the Sports Reform Commission is willing to try private enterprise mergers and acquisitions. As long as the Jinshi General Factory has the support of the state, it can hold on, but after all, it is just a lingering, and I'm afraid the country can't afford hundreds of millions of yuan to solve the trap at present. Maybe in 10 or 20 years, Jinshi General Factory can be reborn by selling land, and build a new factory in other cities with a large amount of money. If it runs well, it may continue to compete with private enterprises.

Such a factory is not uncommon in the land of the country at this time. Unless more monopoly resources are obtained, the Jinshi General Plant, which has 20,000 workers and thousands of retired workers, will not want to survive from the quagmire of high cost and low output.

Sucheng promised to build Jinshi General Factory into a maritime equipment enterprise. This alone is not small.

When Wang Sheng saw that Su Cheng had a plan, he didn't say more. Formosa Plastics has provided a large amount of funds to Dahua Industry for the development of the Sertan oil field in Abu Dhabi, which is one of the big creditors. However, they can't interfere with the normal operation of Dahua Industry, which is also the difference between debt and shares.

After sweeping a piece of delicious food, the bp machine in Sucheng rang, which was the message sent by Qi Meng.

Wang Sheng asked with great interest, "What's wrong?"

"I guess there is a conclusion." Su Cheng was a little nervous in his calm, and turned to smile and said, "Mr. Wang, let's go to the Jinshi General Factory to have a look?"

"If you don't say it, I'm really embarrassed to go." Wang Sheng is not humble. It is very important to master such a big thing.

Municipal officials looked at each other, quickly followed, and took the initiative to provide a car.

The group rushed to the Jinshi General Factory, only Shu Lan, leisurely tasting Mahuā.

It's already afternoon time to arrive at Dejinshi General Factory.

Huo Chang, Li Xiangxiang and others have been waiting outside the gate of Jinshi General Factory for a long time and handed over the inspection report to Su Cheng.

Everyone is a little nervous, which is no more than the merger of Jinan Power Plant. The latter is a zero-investment purchase. Although the Jinshi General Factory is not well managed, it is not insolvent after all.

"Let's go in and talk about it." Su Cheng looked up, 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.

When you enter the factory, you can see the shade of trees in the vast space. Along the edge, there are even two small natural forests, which have been connected to the distant mountains.

Let's take a look before entering the small auditorium under the leadership of the administrators of Jinshi General Factory.

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

Soon, his eyes turned to Su Cheng again.

The latter's eyes are calm and he can't see his mind.

Qi Meng, Ding Zhipeng and other members of the Sports Reform Commission, as well as Minister Guo and other members of the Ministry of Energy, all sat on the [main] stage. Both sides were given to Dahua Industrial and Jinshi General Factory.

Soon, an old man I didn't know sat in the middle of the [middle] of the [master] table. Without any polite words, he opened the document in front of him and said, "Today we will discuss the merger and acquisition of Dahua Industry and Tianjin Petroleum Machinery Corporation. This is still a new thing for us.

... (To be continued