All Heavens Pension started from the fiery era

Chapter 599 600. Big difference in status

After the speakers from both sides explained their core demands, Yue Wenxuan and He Jianxun stopped talking, and the negotiators from both sides started a heated debate.

The first focus of debate is the valuation of African copper and gold mines. The size of African copper and gold mines is so huge that if the assessment methods are slightly different, there will be a huge price gap.

Wen Kaiqun said: “The gold reserves in African copper-gold mines are huge, and the copper reserves are even bigger.

Let’s not talk about gold. Copper is an important industry in our country, closely related to economic development, and plays a key supporting role in stabilizing the economy, stabilizing employment, and stabilizing growth.

Copper has the characteristics of good ductility, high thermal conductivity and high electrical conductivity, so it is the most commonly used material in cables and electrical and electronic components. It is widely used in electrical, light industry, machinery manufacturing, and construction. Industry, defense industry and other fields.

At present, our country is the largest consumer of copper in the world, and it is widely used in the three major consumer fields.

Home appliances are one of the main areas of copper consumption. With the improvement of residents' consumption levels and the continuous popularization of new home appliances and smart home appliances, the demand for home appliances will continue to rise, and at the same time, the demand for copper will rise.

New energy vehicles are also one of the main areas of copper consumption.

Copper is the most cost-effective conductive metal. As the penetration rate of electric vehicles continues to increase in the future, copper demand will also increase significantly. According to statistics, each electric vehicle consumes more than 80kg of copper, which is 60KG more copper than traditional vehicles.

Wind power and photovoltaics are also the main areas of copper consumption.

Power generation, transmission, and energy storage are also inseparable from copper. According to statistics, each G photovoltaic power station and each G wind power installed capacity consume 0.5 tons of copper resources.

With the world actively promoting new energy power generation, wind and solar power generation will gradually replace traditional energy power generation in the future, thus driving explosive growth in copper demand.

All in all, benefiting from the growth in demand for home appliances, new energy vehicles and wind and solar power generation, copper demand will also see continued growth.

In other words, the African copper and gold mines we own will become increasingly important in the future, and their valuations will become higher and higher.

At this time, no matter what valuation we give for the African copper and gold mine, it will only greatly underestimate the value of this copper and gold mine.

I believe you will not be unclear about such an obvious truth. I hope that in the following discussion, you can give a reasonable valuation. "

Wen Kaiqun also elaborated from a high position in order to set a tone for the subsequent valuation debate.

Of course, the Joajin Group is not unaware of the importance of this copper-gold mine. If Seventh Investment's partner is a private enterprise, the other party will only consider actual interests. However, as a central enterprise, Huajin Group makes decisions more from a macro perspective.

After more than an hour of heated debate, the valuation gap between the two parties narrowed to 6 billion. Yue Wenxuan's valuation was 38 billion, while the valuation of Huajin Group was 32 billion.

The valuation gap given by the two sides is so huge that it is simply irreconcilable.

At this point, the negotiators on both sides have put in their best efforts. If they want to reach an agreement next, they can only take action in person, Yue Wenxuan and He Jianxun.

Although He Jianxun is the chairman of Huajin Group, he cannot resolve some core issues in one word and can only act within the framework discussed in advance.

At this time, the person in charge of decision-making was still Yue Wenxuan.

After everyone stopped arguing, Yue Wenxuan said: "Director He, when it comes to this, we have relatively clear opinions on the valuation of African copper and gold mines.

What is the appropriate valuation? This is not an isolated price issue, but is closely related to two other core issues.

If we keep arguing like this, there will never be any result. So let me put forward a few more plans.

The first is the issue of controlling rights. The African copper and gold mines are originally owned by Seventh Mining, and the controlling rights are already in our hands. On the premise that the controlling rights remain in our hands, I will propose three plans. You can think about it.

If you are willing to acquire the shares in full cash, the valuation of the African copper and gold mine can be calculated at 30 billion. This valuation is very fair and cannot be lower.

If the acquisition is carried out in the form of 10 billion in cash and shares, then the valuation of the copper and gold mine will be 32 billion, and we will not be able to make concessions again.

If you choose not to pay cash and completely replace it with shares of Huatong Mining, then the valuation of the copper-gold mine can only be calculated based on 35 billion.

We can all accept the above three replacement methods. Which one to choose, Director He can choose based on the actual situation.

If you insist on taking the controlling stake from us, Seventh Generation Investment, it is not impossible. It’s still the above three options, but in addition there will be an additional 3 billion controlling interest transfer fee. "

With Yue Wenxuan's further additions, there is no need for the two parties to argue about the valuation of African copper and gold mines.

Because everyone knows that no matter how beautiful the words are or how good the reasons are, the valuation of African copper and gold mines given by both parties does not count at all. Negotiations have just begun, and the valuation cannot be determined at all without the other two core issues being negotiated.

Yue Wenxuan gave a variety of options. Before the Joaquin Group made a choice, there was no need for everyone to continue arguing.

This is what negotiation is like. No one will reveal all their trump cards at the beginning. They always have to find ways to mislead the other party. Only in this way can they strive for the greatest interests for themselves.

In the previous negotiations, the Seventh Generation Investment side had been seeking controlling rights and more cash. In fact, this was just a smoke bomb released by Yue Wenxuan.

Yue Wenxuan has no intention of controlling the new company at all. The cash flow of Seventh Investment is extremely abundant. Moreover, Yue Wenxuan is extremely optimistic about the future development of Huatong Mining. On the premise of giving up the controlling stake, he is naturally more willing to exchange shares. cooperating.

But in order to win more shares and greater benefits, of course the opposite must be done during the negotiation process.

The three replacement plans given by Yue Wenxuan are quite reasonable, and the Joaquin Group has made a decision in the previous meeting that the cooperation must be successful. As long as the requirements put forward by Seventh Generation Investment are not very demanding, the Joaquin Group will make appropriate adjustments. concession.

Yue Wenxuan has a clear understanding of the needs of the Joaquin Group. If he wants to maximize benefits, he can put forward more stringent conditions, but for him there is no need.

Although Seventh Investment took the initiative in this cooperation, considering that both parties will have long-term cooperation in the future, it is more important to have a satisfactory start for both parties.

Speaking of this, we have reached the first key node. The negotiations between the two parties have been temporarily terminated. The Joaquin Group must hold a meeting to study before making a decision.

Such rapid progress was achieved on the first day of negotiations. Both parties are very satisfied with the efficiency of this negotiation. The Joaquin Group is eager to reach cooperation as soon as possible. Before departure, they expected the negotiation time to be no more than one week.

Judging from the results of the first day of negotiations, Yue Wenxuan, the chairman of Seventh Investment, is a resolute person who pays great attention to efficiency in doing things. It is likely that it will not take such a long time.

After an afternoon of deliberation and consultation with superiors in the evening, the Joaquin Group finally made a decision.

The two sides sat at the negotiation table again. He Jianxun first spoke: "Director Yue, after many meetings and asking for the opinions of superior leaders, we decided to take control of the new company and choose the third option, but no matter it is The equity transfer fee of 3 billion or the valuation of 35 billion are both too high.

We can combine the equity transfer fee and the mine valuation into one, and we will no longer pay the equity transfer fee. On this basis, the highest mine valuation we can accept is 37 billion. "

This is definitely not the bottom line that the Joaquin Group can accept. Of course Yue Wenxuan will not agree. "It is not impossible to merge the two into one, but the mine valuation must be increased to 41 billion."

Although discussions have not yet begun on the distribution of shares in the new company, even if the Joaquin Group takes control, the shareholding ratio of both parties will be almost half, and there will not be a big gap.

If the equity transfer fee of 3 billion is passed on to the valuation, then the valuation of the mine should increase by 6 billion on the original basis, which is exactly the 41 billion Yue Wenxuan said.

This price will definitely not be the bottom line acceptable to Seventh Investment, and the Joaquin Group will certainly not agree to it. Next, there was another exchange of words between the two sides. Negotiators from both sides spoke one after another, and the debate was very fierce.

This issue was quite acute, and the two sides argued for two days before finally reaching an agreement with the intervention of Yue Wenxuan.

The final result was that Seventh Investment gave up its controlling stake. After the transfer fee and valuation of the controlling stake were combined into one, the mine's valuation was finally determined to be 38 billion.

The next core issue is the distribution of shares in the new company. Regarding this point, the differences between the two parties are not big. It was finally determined that: Huajin Group will occupy 55% of the shares of the new company, and Seventh Mining will occupy 55% of the shares of the new company. The stake is 45 percent.

After agreeing on the above two core issues, both parties agreed to calculate the share replacement based on today's Huatong Mining stock price.

Calculated based on today's stock price, the market value of Huatong Mining is approximately 26 billion, and Huajin Group needs to transfer % of Huatong Mining's shares to Seventh Mining.

After several core issues are negotiated, both parties will contribute capital according to their respective shareholding ratios to form a new company.

Regarding issues related to the establishment of a new company, the two parties still have many details to discuss, but these details do not require Yue Wenxuan and He Jianxun to come forward.

As a large listed company, Huatong Mining must of course disclose such a major cooperation to the outside world in a timely manner. The signing ceremony between the two parties was very grand.

But Yue Wenxuan did not come forward. The person who came forward to sign the contract was the new president of Seventh Mining.

After the signing is completed, He Jianxun and his party will return to the headquarters the day after tomorrow.

Finally free, Yue Wenxuan planned to rest at home for the day. Just after breakfast, he received a call from Liao Jianping, "Wenxuan, are you busy at noon today? I have to entertain a guest from afar at noon. Come along if you have time."

"Is it appropriate for me to go? We don't know each other."

Liao Jianping spoke in a very relaxed tone, "You guessed wrong this time. It is precisely because you know each other that I specially called you here."

Yue Wenxuan could feel that his old classmate was in a good mood, so he said helplessly: "Why are you still trying to get along with me? Who are the guests you want to entertain?"

"I'll see you when you come here. Come here early." At this point, Liao Jianping hung up the phone.

Yue Wenxuan was not a curious person, and he didn't bother to guess who the guests Liao Jianping was going to entertain at noon. He specially selected two bottles of good wine from home and rushed to Liao Jianping's house before noon.

Hearing the noise outside, everyone in the house came out to greet him.

Yue Wenxuan did not expect to see He Jianxun at Liao Jianping's home, with a slightly surprised look on his face.

Among the group of people who came out, besides He Jianxun, there was also a strange middle-aged man, who should be around forty years old.

Yue Wenxuan took two steps quickly, held He Jianxun's hand tightly, and said happily: "I didn't expect to see Director He at Jianping's house. If I had known that Director He knew Jianping, I would have called him a few days ago. Went over to accompany the guests."

"It was only after I met Jianping yesterday that I found out that you and Jianping are old classmates. I specifically asked him not to tell you that I was the guest today so that I could give you a surprise."

"We are old classmates, how did you two meet?" Yue Wenxuan asked.

Before He Jianxun could speak, Liao Jianping took the initiative to explain: "Director He served as my father-in-law's secretary for a long time and helped me a lot in my work.

I only learned a few days ago that your Seventh Generation Investment has developed so fast and that you have become a partner with Director He.

Huatong Mining is a giant mining company in China, and you have now become the second largest shareholder of Huatong Mining.

I haven’t seen you for a long time, and you have launched such a big satellite. When I first heard the news, I couldn’t believe it. "

Liao Jianping was very emotional. He really didn't expect that his old classmate would develop so fast.

The old classmate now owns 26% of the shares of Huatong Mining. Not only has his personal net worth increased sharply again, but his status is also different from before.

Huatong Mining is not an ordinary state-owned enterprise. It is simply impossible for Yue Wenxuan to become the second largest shareholder of such a giant mining company under normal circumstances.

After Yue Wenxuan and He Jianxun exchanged pleasantries, Liao Jianping introduced him to the strange middle-aged man.

"Wenxuan, let me introduce to you, this is Yang Zengming, the parent official of our hometown.

The two of us were also classmates. When we were studying in the party school, we lived in the same dormitory.

In the first half of last year, Zengming was transferred to work in our hometown and held the position of chief in our hometown county. "