In the next few days, Zhao Dong, Pan Cheng and Zhou Zhibai went to the UK first to inspect the electric furnace steel production line of West Ouminth Industrial Group. Chen Huai was still in China. Although he did not participate directly, he was also paying attention to the progress of cooperation negotiations with Fuji Ironmaking at any time.

The bottom line of Fuji iron making is not difficult to test.

Not only Yamazaki Nobuo personally wanted to try his best to eliminate the impact of the tea-splashing incident, but he did not want to bear the responsibility for the failure of the negotiations. Even the senior executives of the Fuji Railway Manufacturing Corporation did not want to call the tea-splashing incident a lot, and asked colleagues in Japan to know about this.

It is one aspect to ridicule Fuji Ironmaking; Fuji Ironmaking has already lagged behind in the expansion of overseas industries, and is now eager to strengthen this link. Once the tea-splashing incident is spread, it will undoubtedly expose Fuji Ironmaking's disadvantages and some stupid weaknesses in overseas expansion.

With Donghua's insistence, Oda Yuichi quickly recalled Fuji Iron Manufacturing to China on the grounds of physical discomfort, and changed another deputy to assist Nobuo Yamazaki to continue the negotiation of the joint venture project - these actions of Fuji Iron Manufacturing undoubtedly confirmed Chen Huai's previous judgment, but these facts will only make some people feel even more unhappy.

After entering the first round of ten-day negotiations, Nobuo Yamazaki left Donghua and returned to Japan with the initial joint venture intention. The next step depends on the preparations of each company to conduct the second round of more substantial technical negotiations.

Regarding the initial cooperation intention, the joint venture company was first located in the Yangtze River area of ​​Meixi Town. Meigang participated in the joint venture company with 400 acres of project land and ensuring the full construction of supporting facilities such as electricity, water supply, transportation, etc., and the preliminary demolition of the project land, three-way and other projects should be completed as soon as possible.

The city steel mill jointly loaned 120 million yuan of funds from Donghua City Credit Union, Yexin Bank and other financial institutions to inject new joint ventures; Fuji Iron directly injected 24 million US dollars into the joint ventures.

Meigang, Shigang and Fuji Iron Manufacturing account for 15%, 35%, and 50% of the equity of the joint venture respectively.

The joint venture is led by Meigang and the Municipal Steel Plant to provide skilled workers and grassroots technicians. The joint venture will introduce the main equipment and complete set of technologies for the 300,000-ton electric furnace steel medium and thick plate production line from Fuji Iron.

Senior management personnel are sent by three companies.

Due to the huge investment in equipment in the rolling section of the medium and thick plate project, the non-investment rebar project is also agreed to introduce complete sets of steelmaking and rolling equipment from Fuji iron, which is even more expensive.

Although Meigang is responsible for solving the necessary industrial supporting links such as power supply and water supply, it can save part of the investment, but the investment of the project main body is still difficult to control below 500 million.

In addition to the funds directly injected by the municipal steel mill and Fuji Iron, the joint venture also requires about 30 million US dollars in funds. This part of the funds is provided by Japanese banks affiliated with Fuji Iron.

Such conditions cannot be said to be beneficial to anyone or not to whom.

Although Fuji Iron Manufacturing is the main supplier of project funds, nearly half of the project funds will be used to introduce complete sets of equipment and technology from Fuji Iron Manufacturing. Fuji Iron Manufacturing will also occupy half of the equity of the joint venture, and initially improve its shortcomings in overseas industrial layout.

At the same time, the procurement of scrap steel raw materials required by the joint venture in the future will be controlled by the Japanese general manager sent by Fuji Iron and will be mainly purchased from Japan. For this reason, Fuji Iron and Steel will also establish a wholly-owned furnace material trading company in Donghua.

For Meigang and the Municipal Steel Plant, there is no fairness or unfairness. Meigang and the Municipal Steel Plant lack funds to do new projects. To participate in such a large joint venture project, they must make certain concessions. As for the current conditions, concessions are within a relatively fair scope.

Meigang mainly takes out 400 acres of project land and needs to invest in industrial supporting facilities. However, after the joint venture is completed, Meigang provides industrial supporting services, so naturally it can also obtain due benefits from charging fees.

The Municipal Steel Plant was not qualified to participate in such a joint venture project, but with the support of the Municipal Party Committee and Government, it planned to directly obtain huge loans from the bank and participate. In this move, in addition to causing the debt scale of the Municipal Steel Plant to continue to expand like snowballs, it actually did not invest anything, and even gained a higher status than Meigang in the joint venture company. Naturally, there is nothing unwilling to be unhappy about the Municipal Steel Plant.

For Donghua, a project can introduce 50 to 60 million US dollars in foreign exchange funds, and the results of investment promotion can be described as remarkable.

The upstream and downstream industrial chains of the project plus the project itself can almost create two or three thousand jobs for Donghua New; after completion, it can create a large amount of tax revenue for the local area. If the municipal steel mill can obtain huge profit dividends after the completion of the new project, its own operating difficulties will be greatly alleviated. Judging from the initial intention, even if some concessions are made, it is very necessary.

After Yamazaki Nobuo and others left Donghua, they returned directly to Japan, and they could see that Fuji ironmaking had no better choice in China. Seeing this situation, the city officially established a joint venture preparation leading group the next day.

Tan Qiping instructed Liang Xiaolin to personally serve as the leader of the preparatory work leading group, Gu Tong represented the Municipal Steel Plant, Shen Huai represented Mei Gang as deputy leader; Zhou Ming served as the director of the leading group office, and dispatched personnel from Mei Gang and the Municipal Steel Plant to be responsible for subsequent contacts with Japan and organizing the next stage of negotiations.

For Zhou Ming, it was naturally a proud and full of confidence.

The joint venture seems to have a capacity scale that is not as good as the municipal steel mill, but its positioning is high. After completion, the total asset scale will exceed 600 million yuan. Not to mention the scale is huge than that of Meigang today, the asset quality after completion will be several levels higher than that of the municipal steel mill.

At the same time, the joint venture is a key investment promotion project for the provincial government and municipal party committee and government. Zhou Mingneng represents Meigang and the Municipal Steel Plant as the general manager of the Chinese side. It can no longer be described as a rising star in Donghua.

Four months ago, Zhou Ming was still resentful and resentful for losing the opportunity to be the mayor of Hetang Town. But at this time, how many township party and government positions in Donghua City can have are more important than the Chinese general manager of the joint venture?

Shen Huai was not willing to give up on the joint venture project, but Gu Tong was positive about the joint venture project and allocated three vehicles and drivers from the municipal steel mill for the preparation work leadership team. The city also specially allocated one million funds for investment promotion to the leading team for use.

On the eve of going abroad, Shen Huai called to the city to attend a coordination meeting.

This coordination meeting was mainly to solve the capital contribution and loan issues that the city steel mill will undertake, and to convene representatives of financial institutions in Donghua City to coordinate.

Although it has nothing to do with Mei Gang, Chen Huai, as the deputy leader of the preparatory leadership group, had no choice but to be lazy.

In the initial cooperation intention, the municipal steel mill must be responsible for directly investing 120 million yuan of funds. The municipal steel mill cannot get the money and can only borrow from the bank.

Now the total deposit balance of all financial institutions in Donghua City is only 27.8 billion yuan as of December. The amount of loans issued by financial institutions within a certain period of time is directly related to the new deposits. According to Donghua's economic growth, the total amount of loans that can be released next year will be about 500 million and 600 million yuan.

If the city steel mills have a loan of 120 million yuan next year, the total amount will be crossed out at once.

If the city steel mill has a good reputation and strong repayment ability, banks can squeeze out 120 million yuan in other aspects and give it to the city steel mill.

The key is that no one is stupid. Now we agree to lend money to the municipal steel mill. Not to mention the lack of additional benefits, given the poor business and profitability of the municipal steel mill, if there is a problem with the joint venture project, what will the municipal steel mill guarantee to repay the loan, pay the principal and interest on time?

Even though they were forced to express support for the joint venture project under the pressure of the municipal party committee and government, each company wanted to reduce the loan ratio they had undertaken. The financial coordination meeting was held once before, and only then had a credit limit of 30 million yuan, which was still a shortage of the boss.

If the city steel mill cannot obtain full loan credit and cannot assume the capital contribution obligation, the entire joint venture project will not be discussed. In order to promote the next stage of negotiations as soon as possible, the city will also accelerate the credit promotion work.

Chen Huai took Sun Yalin's car to the parking lot in front of the city government building, got out of the car and blew his neck straight to the cold wind.

Sun Yalin took the car keys and saw Zhou Ming driving a black Buick sedan behind them. She walked to Chen Huai and said, "I think he can still jump for a while..."

"...Let him." Chen Huai shrugged and said indifferently.

When the heads of ICBC, Bank of China and other banks saw Chen Huai and Sun Yalin entering the conference room, they came over to complain: "Why don't you Meigang take on the main capital obligations for this joint venture project? If Meigang wants to use this money, it will be easier to talk about it. Even if our city bank has limited plates next year, we can still go to the provincial bank with confidence to fight for it. Why do you want to call the city again and again and again to suffer this torture?"

When Gu Tong, who entered the conference room, Zhou Ming looked ugly when he heard this, he could only force himself to smile. In addition to the city's credit cooperative being directly controlled by the city, financial institutions such as Industrial and Commercial Bank of China and Bank of China also have to take care of the face of local governments, but they are duli with local governments after all.

Whether it is absorbing deposits, issuing loans, or providing other financial services, what they have to strive for is high-quality customer resources such as Meigang, which has a profit of 70 million or 8 million per month, rather than inferior customers like Municipal Steel Factory that will only add bad accounts to banks.

On the one hand, they believe that the success rate of the joint venture project led by Meigang can be higher if the joint venture project is led by Meigang; on the other hand, even if the joint venture project led by Meigang fails, Meigang's debt repayment ability is by no means comparable to that of the municipal steel mills.

Chen Huai and the heads of various banks said bitterly: "Meigang will operate a new project in the near future, which is smaller than the joint venture project with Fuji Iron. At that time, you will have to help you beg for the provincial bank. Meigang is currently unable to contribute more efforts to the joint venture company, so this burden can only be borne by the municipal steel mill."

"What new project, how big is it, and how much does it cost?"

"You have to reveal the news to us in advance, don't always catch us off guard."

"This time, you can't let Yexin Bank eat alone anymore. We have money to release. Although the amount is tight, Meigang needs it, so we can still squeeze it."

When they heard that Meigang had a new major project operation, the heads of banks in Donghua City came to inquire about the news, and they forgot that they were called to the city this time to participate in the coordination meeting to resolve the loan and credit of the city's steel mills.

Xiong Wenbin, who accompanied Tan Qiping to participate in the coordination meeting, saw this scene, and then looked at Zhou Ming and Gu Tong in the conference room with ugly faces standing aside, sighing in his heart: I don’t know if Zhou Ming can see the gap from this scene.
Chapter completed!