Chapter 304 Fundraising(2/2)
Try to make the whole thing have a more satisfactory outcome.
Cao Mo introduced some other financing plans to Brahm, all of which were relatively small in scale, but better than nothing.
These financing plans are mainly related to the Tubman family.
One is the two small hydropower stations that Starry invested in the lower reaches of the Gray Crow River in the early years. Cornero Energy will invest US$5 million of its own funds to acquire them this time. The other is the Tubman family’s property in the northern suburbs of Draculamore.
He hopes to acquire the 2,000-acre oil palm plantation by Dongsheng Group for US$15 million.
These funds will be injected into Cornero Cement Group and Ibogu Gold Mining Group to supplement the lack of working capital.
"Can you consider transferring part of the shares of Cornero Cement? There are many investors in Draculamo who are more interested in Cornero Cement!" Brahm asked.
On the one hand, with the sudden rise in international oil prices, not only Kanem, but also the entire West African region's crude oil export revenue is rising steadily, which has prompted the infrastructure construction and cement demand in West African countries to continue to increase.
rise.
Even if the cement import restrictions may be lifted at any time, finished cement is extremely unfavorable for long-distance transportation. As far as the entire West African region is concerned, cement production is far from saturated.
On the other hand, it is also the production system advantage of Cornero Cement that connects upstream and downstream and supporting industries, which has also been noticed by the investors of Draculamo who are just around the corner.
"It's not impossible for Cornero Cement to transfer part of its equity, but the price won't be too low..." Cao Mo said.
Just like Conero Energy, Conero Cement's upstream and downstream production systems have been connected, and it has profit advantages that other competitors in the West African region do not have. It can even further reduce production costs and expand profit margins.
Cornero Cement's current total assets may only be US$150 million, and it still owes the Lu family US$40 million in foreign debt. However, after successfully digesting the Beiku Cement Plant (clinker production base) and the New Taihua Grinding Station, it will
The production capacity will exceed 2 million tons, especially after competitors have lost the ability to compete with Cornero Cement on price, and the annual profitability will be stable at more than 120 million US dollars.
In the future, he also plans to expand the production and sales system of Cornero Cement along the Gulf of Guinea to cover major port cities in West Africa. A compound growth rate of 20 to 30 percent per year is guaranteed.
Chapter completed!