It was already midnight when I turned out from the alley of the provincial party committee’s family compound. Cao Zhengjiang took a car out of Xu Pei’s house and asked Li Gu to be kidnapped by Li Gu, Chen Huai and others for a while. The car drove onto Yanjing Road Street, and there was no sign of Chen Huai, Li Gu and others.

After Cao Zhengjiang called Zhao Moshi, he asked the driver to park and let him go down at the intersection and asked the driver to take Zheng Yongjin back first. After a while, a black Mercedes-Benz drove over from Ninghai Road to the west and parked at the intersection. When Cao Zhengjiang saw Zhao Moshi sitting in the car, he opened the door and got in.

"..." Cao Zhengjiang told Zhao Moshi the details of the conversation tonight, Zhao Moshi frowned, and looked at the street lights outside the car window. After all, it was still resources. If Pucheng Group could take out one billion, there would not be no room for resistance.

Although Chen Huai used Dongjiang Jinghua to issue 1 billion convertible bonds, if no other institutions participated in the subscription, the Meigang Group would naturally acquire the 1 billion convertible bonds. This is also the biggest reliance that Chen Huai, as the deputy director of the State-owned Assets Office, could ignore the opinions of Jiang Yibin and others and take over the greatest responsibility to determine the fate of Yuanye Automobile Industry Group.

Pucheng Group cannot afford one billion, and even plans to invest 200 million yuan in the sedan project to test the market. The absolute gap in strength is really a pity for Pu to succeed or fail.

Before Xu Pei and Li Gu's positions, there was also a word "dai". At the provincial and municipal people's congress meetings in early April, each of them would steadily erase the word "dai", and a plan that can inspire people also needed to be introduced to boost morale.

"Things are almost the same. Governor Xu still hopes that Pucheng Group can participate." Cao Zhengjiang said.

Zhao Moshi felt a little bitter in his heart. Chen Huai used Dongjiang Jinghuai to issue 1 billion convertible bonds. Although Pucheng Group could also participate in the subscription, it was already useless at this time.

As a type of corporate bond, convertible bonds are affiliated with the right to convert equity at an agreed price, and occasionally the issuance rate is lower than ordinary corporate bonds and bank interest rates.

The funds in Pucheng Group are also quite tight. Even if the 200 million yuan planned to be used for the car project is used to subscribe to convertible bonds, it will be difficult to have any influence on the newly established car companies.

If the equity transfer is not exercised, the principal and interest will be recovered when maturity is met. Compared with the bank loan interest rate, Pucheng Group will lose a lot of money in vain.

Even if the convertible bond is purchased within the agreed period in the future, the shareholding ratio will be far from being compared with the Meigang Group. What's more, Dongjiang Jinghua does not directly control the newly established car company, but will participate in the development and construction of the new car company with the Liu Jizhou family, the Provincial State-owned Assets Office and the Panyuan Township Government.

Pucheng Group invested 200 million yuan. After these two steps of sharing, the remaining influence can be said to be better than nothing, and can only be considered ordinary financial investment.

Although the prospects for this financial investment are quite considerable, Pucheng Group does not lack new businesses that can be directly controlled and have considerable prospects. With such a tight capital, why bother to give so much money to others to spend?

It’s just that it’s not enough to take out a penny. If Pucheng Group doesn’t pay a penny, what would Xu Pei think? In Xu Pei’s eyes, wasn’t his previous actions just to use his influence to take advantage?

"Pucheng Group has the responsibility to support the development of the automobile industry in the province. No matter how tight the funds are, 100 million can still be taken out." Even if he wants to become a relative of his children, Zhao Moshi should speak as high-sounding as possible in front of Cao Zhengjiang. He also knows that less than 100 million can not make any moves in front of Xu Pei. At the same time, he also knows that Xu Pei hopes that Pu Cheng will participate, and he should limit the expansion of the influence of the Meigang system as fast as possible. It is not too late for a gentleman to take revenge. Even for this, he cannot completely cut off his ties with the newly established joint venture car company. He also said, "I also know some investors. They are interested in investing in the domestic sedan market. I can do their jobs - Governor Xu should be welcomed, right?"

Cao Zhengjiang nodded, and there were some things that he didn't need to be said explicitly. Xu Pei could figure out what he thought. One billion convertible bonds were subscribed by Pu Cheng, and Pu Cheng would add a few more companies. However, he would find several companies from Zhunan and other places to participate in the subscription, which could still limit the tentacles of the Meigang Series to stretch too long.

*********************************

At the intersection, Chen Huai asked Xu Jian to go back and rest first. He sat in Song Hongjun's car waiting for news until midnight. Sun Qiyi, who had just arrived in Xucheng these days, was also in Song Hongjun's car at this time.

"Why don't you directly handle the share issuance?" Sun Qiyi was just listening to Song Hongjun's introduction to Dongshi in the car. Yuanye was going to carry out asset restructuring. He still had some doubts about Chen Huai's plan, "Isn't there another trouble to issue convertible bonds? Or do you have no full confidence in Dongshi's restructuring Yuanye Car Factory."

"What should you do with full confidence?" Chen Huai smiled, "If you have 100% sure of everything, then you can make a choice. In fact, if you have 60% or 70% of hope in everything, it is worth putting your efforts into it. Do you think?"

"..." Sun Qiyi still couldn't fully understand.

Although the investment in the mainland was not satisfactory in the past few years, Sun Qiyi, as the main person in charge of the Asia-Pacific region of Changqing Group, has been rooted in Hong Kong for nearly 20 years, and his influence in the Hong Kong Chinese business group is not something Song Hongjun can completely catch up with now.

The Mei Steel System and Huaihai need to further develop in a rising manner, and the shortage of funds is still a problem that must be overcome. Dongjiang Power Station has started the construction of Qingfeng Kengkou Power Plant and the second-level large cascade hydropower station upstream of Jiangzhu, and the construction of two Pengyue New City in Zhunan and Xiapu. These four projects alone will require more than 10 billion yuan in funds in this year and next year.

In addition, we have to participate in projects such as the renovation of the Xudong Railway. The Mei Steel System has been described as a money-making machine by the outside world, but the funds are still tightly used with their fingers.

As for the development of Yexin Bank, it is impossible for it to stop waiting for Meigang to expand after sufficient funds. This year, it plans to issue another 10 billion convertible bonds to increase the capital reserve ratio.

If the Meigang Group subscribes in proportion, it will cost more than one billion yuan.

Chen Huai and Song Hongjun and others discussed that in order to avoid too much pressure on the capital chain, they decided to give up Yexin Bank's convertible bond subscription first, but this also means that the Meigang Group's holdings in Yexin Bank may be diluted by a large proportion in the future.

Whether it has been moving eastward in specific projects such as Hongji Changqing in the past two or three years, as well as the overall investment strategy of Changqing Group, or hope that Sun Qiyi can exert its influence and influence more Hong Kong Chinese business funds to enter Huaihai, enter the Meigang Group, Shenhuai, Song Hongjun is also quite close to Sun Qiyi, and no one will mention the previous grudges.

"Now we will get the targeted additional issuance. Governor Xu Pei will also attract as many companies as possible to actively participate. In my conversation with me just now, I also made it clear that there is hope that Pucheng Group will continue to participate. With a quota of one billion yuan, whether it is to get targeted additional issuance or issuance of convertible bonds, we will not be able to account for many cases. I am pushing this matter now, so I cannot hold the benefits in my arms," ​​Chen Huai smiled. "The existing car assembly line in the province mainly produces A-class compact cars; this time, the injection of one billion yuan is only enough for the passenger car and parts production lines of Dongshi and Yuanye enterprises to integrate and upgrade, and build another extra money to the sky. Car Research Center; a large amount of funds will be injected in the future to expand A-class cars and the production and development of B-class cars. The first time the convertible bond is issued, Governor Xu Pei can attract some companies to participate in the subscription, but we do not account for much proportion, but the second and third time the convertible bond issuance, will these companies continue to join the market? If they hesitate, then we will have a chance to account for a proportion. If they handle the targeted additional issuance for the first time, then the first companies participating will be shareholders of Dongjiang Jinghua. They are unwilling or unable to participate in the second and third convertible bonds or targeted additional issuance, and they do not want the equity to be diluted, they will unite to reject..."

Sun Qiyi smiled slightly, thinking that it would be unfair to have so many people in this kid's hands. This time, he obviously had the advantage of winning, but he was still cautious in leaving so many aftertastes in the plan and asked, "Dongshi already has plans to take the mid-sized sedan project?"

"Liu Jizhou is still very capable and ambitious," Chen Huai said. "Uncle Sun, since you are going to stay in Xucheng for a few more days this time, you might as well have more contact with Liu Jizhou..."

Sun Qiyi is probably said to be Chen Huai's cousin in his seniority, but his cousin is a bit far away. Chen Huai is still used to calling his uncle with Sun Yalin, which makes him feel a little vain.

Western Europe is the most developed country in the world. In addition to the many world-renowned car brands such as BMW, Rolls-Royce, MINI, Volkswagen, Audi, Bugatti, Bentley, Lamborghini, Porsche, Logo, Citroen, Renault, Fiat, Ferrari, Maserati and other world-renowned car brands, there are also a large number of second-tier auto manufacturers struggling on the brink of life and death.

The merger and reorganization of Dongshi and Yuanye's assets is only the first step in the rise of Huaihai's automobile industry. It can even be said that the domestic automobile industry has taken the first step.

After the merger of Dongshi and Yuanye Assets, it can only produce the most basic A-class compact sedan, with low technical content and low capital investment. The situation of many domestic auto manufacturers is similar. It can be said that it is on the eve of its rise, but the broad prospects for future development are unquestionable.

In the future, no matter whether the European and American automobile industries actively transfer to China or domestic automobile manufacturers actively go out to find partners and undertake European and American technology and production management systems, they are only taking the first step. Changqing Group actively intervenes in this time and can get a large piece of delicious cake from it.
Chapter completed!