My 1999

"Mr. Liu, to be honest, it is difficult for Xinzhongji to acquire Fengshou Tunhe with its current assets. Even if it is just our tomato assets, you can't afford so much money."

Although Liu Yi knew that he was telling the truth, he was not going to admit defeat.

"If Mr. Qiu really intends to sell, we can go for financing. I believe there will be many financial institutions willing to help us."

Qiu Mingcheng continued: "Let's not talk about whether it can succeed. Even if it succeeds, financial institutions will only give Xinzhongji a loan of 70% at most. If you want to get enough money to acquire Tunhe, you must strive for high-interest loans from private equity.

In the end, even if all this succeeds, Xinzhongji's debt ratio will exceed 80%, and it will also need to repay more than 15% interest every year.

The interest on tomatoes is not generous.

To repay such a large loan, at least in the next five years, there must be no major changes in the international tomato market.

Once a black swan appears, it will lead to a drop in demand and a drop in prices.

The only thing waiting for Xinzhongji is bankruptcy.

Mr. Liu, are you willing to spend five years in this torment every day?"

Liu Yi's expression became solemn.

Is he willing to live this kind of life?

Of course not.

Sleeping on the edge of a knife every day will probably shorten your life by ten years.

"I can choose not to merge." Liu Yi said slowly.

Lose the battle but not the battle, and don't lose face.

Qiu Mingcheng smiled and said, "Mr. Liu, the merger is good for both of us, and there are so many shopping malls and industries, why should we hang on to the tomato industry, a niche market?"

Then he handed over another document.

"This is the information of Zhongyan Shares, which integrates Tianyi Industry, Hotan Cotton Industry and other cotton spinning industries under Delong. After a year of integration and development, it is now the ninth cotton spinning enterprise in the country.

The overall assets are 1.27 billion Chinese yuan, the net profit is 215 million Chinese yuan, and the current market value is 1.64 billion Chinese yuan.

It is also zero debt.

If you merge with Xinzhongji's cotton spinning business, Mr. Liu will not only get a listed company, but also further expand your market share in the cotton spinning industry.

The most important thing is that the cotton spinning industry is much larger than the tomato industry, and there is enough room for Mr. Liu to develop."

Looking at the document in his hand, the content is very detailed.

The most important thing is that he is really tempted.

"How much money are you prepared to pay for the acquisition of Xinzhongji?"

Qiu Mingcheng was relieved.

It will be easier if you give in.

"After the acquisition of Provence, Xinzhongji's assets (plus goodwill) are about 3 billion Chinese yuan, and the debt ratio is 70%. Considering the factors of goodwill and premium, we are willing to acquire it for 1 billion Chinese yuan."

Liu Yi shook his head, "Goodwill is too low. The current Xinzhongji brand is not worse than Tunhe, and we also have European channels.

I think 1.5 billion is a suitable number."

Negotiations on the specific acquisition price require time and patience.

However, if both parties have reached a general agreement on the acquisition, the talks will not be delayed too long.

——

"Dongdong..."

"Come in."

Li Jinling pushed the door open and put the documents in front of Xu Liang.

"Mr. Xu, this is the document we just received from Mr. Qiu. Fengshou has reached a merger agreement with Xinzhongji.

Fengshou Tunhe acquired all of Xinzhongji's red industry assets (tomatoes, wolfberries, red dates, safflower, etc.) for 1.25 billion Chinese yuan.

At the same time, Xinzhongji acquired 65% of Zhongyan shares held by Hongyan for 1.2 billion Chinese yuan.

The contract has been signed and is awaiting approval from above."

Xu Liang took it and flipped through it.

"How much Zhongyan shares does Hongyan have left?"

"15%."

Xu Liang nodded slightly, "Sell it after holding it for a year."

"Yes."

Zhongyan shares have just been traded, which will inevitably cause stock price volatility. It is not a good time to sell.

And the next is the biggest bull market in the history of the A-share market, so it is natural to make a profit.

"After integrating Xinzhongji, Tunhe's assets are about 8 billion Chinese yuan. After a few more years of steady progress, it will be a small industry giant with assets of 10 billion.

It's a pity that the tax return documents to the United States have been submitted, otherwise the 2 billion debt can be easily waived." Xu Liang thought.

Although the tax payment deadline for enterprises in the United States is April 15.

But tax filing basically starts three months in advance.

It is now the end of March, and Hongyan's tax return documents have been submitted and cannot be modified.

Write your opinions on the document.

"Send it to Qiu Mingcheng."

"Okay."

"What time is it?"

"3:19 pm."

"Did the person receive it?"

"My wife is on the way."

Xu Liang nodded.

"How did Liu Qiangxi's talks with Red Sun Group go?"

"Not very smoothly. Red Sun Group currently has the largest share in the domestic pesticide market and has core technology. Although Mr. Liu said that he could transfer the controlling stake of Nanfu Battery to him, Yang Shouhai doesn't seem very interested."

"Does Mr. Liu have any other options?"

"Mr. Liu said that in the domestic pesticide industry, except for Red Sun Group, other companies are not worth acquiring for the time being."

Xu Liang understood what he meant.

The domestic pesticide industry is similar to other industries. It does not have its own core technology and can only produce some very basic highly toxic pesticides, such as dichlorvos and paraquat.

All environmentally friendly pesticides are imported.

Those old capitalists are very ruthless when it comes to killing people.

In order to save foreign exchange and for the safety of domestic agriculture.

The higher authorities began to promote technological research and development in the agricultural field.

The first to bear the brunt is "pyridine base", which is an alkaline substance in the products of high-temperature coal tar processing.

From the first discovery of pyridine in bone tar in 1849 to the synthesis of pyridine base by Russian chemists in 1914.

For nearly a century, this thing has always been a laboratory product.

The American company "Vantrus" truly realized the industrialization of pyridine base.

Synthesis was achieved in 1943, and then pyridine base gradually achieved industrial development.

However, the synthesis technology used for large-scale industrial production of pyridine is extremely complex. Since then, for more than half a century, the core technology has been monopolized by a few multinational companies.

The role of this thing in the field of "pesticides, medicines, and veterinary drugs" is equivalent to that of mobile phones in "chips". It is also an important raw material for industrial products such as daily chemicals, food flavors, feed additives, and radial tires.

If you want to conduct independent research and development, you must first master the synthesis technology of "pyridine base".

Before 2000, no Chinese company was involved in the pyridine base industry.

For a long time, the global pyridine base industry market was mainly monopolized by foreign multinational companies such as Vantelus, Lonza, Jiyoulian, and Japan Guangrong.

It was not until the 1980s that China organized experts to carry out technical research, but after nearly 20 years of research, there was still little success.

As a pioneer in the development of Chinese pyridine base, Hong Taiyang began to independently develop pyridine base in 1998, with the efforts of the technical team and combined with foreign information.

In 2004, the first set of China's own pyridine device was successfully started in Jinling at one time, which was also a milestone in the development history of Chinese pyridine base.

It is precisely because of this core technology that Hong Taiyang Group can dominate the national environmental protection pesticide industry for more than ten consecutive years in the future, and even enter the top ten in the world at its peak.

Let's not talk about the future for now, Xu Liang is very clear about one thing.

Possessing the key technology of synthesizing 'pyridine base' is equivalent to laying the foundation for the pesticide field. In the future, as long as we cultivate carefully, guide and invest continuously.

We can develop more environmentally friendly pesticide products with core technologies.

Therefore, Denong wants to make a difference in the pesticide field, especially the high-profit environmentally friendly pesticide field, and Hongyang is the best acquisition target.

"Let Liu Qiangxi bring the person here, and I will talk to him in person."

"Okay."

The roar of the car came from outside the window. Xu Liang turned his head and took a look, then turned and walked downstairs.

Li Jinling also followed him out.

Came to the living room downstairs.

Two people, more beautiful than flowers, trotted in.

The one in front was wearing a long red down jacket, revealing a calf wrapped in jeans and white casual shoes.

Although she was wearing thick clothes, she did not look bloated under the support of her tall figure of more than 1.7 meters.