Chapter 1996 Sky-High Wharf Reconstruction Fee

At the same time the next day, Reid came and brought another person, and Feng Yu also called Li Zeju to let his representative He Huang express his opinion.

The specific contract details of the port construction must be discussed with Huang’s professionals. Feng Yu’s people may be able to review the legal contract, but there are some contract traps in it, because they involve professional issues, they may not be able to see it.

Anyway, in the end, we will cooperate with Hehuang, and the plan is to let Hehuang become the major shareholder and mainly manage it. There is nothing inappropriate for Li Zeju to appear here.

"Feng, this is Li, right? I'm Reed, the negotiator this time, and next to me is Mark Eric, my assistant."

The so-called assistants must have been sent by Reed's boss, but everyone is good at different directions. Eric should be in charge of talking about the railway, but in name, Reed's decision is still the main one.

After someone brought coffee and tea, the four of them were left in the room.

"Feng, Li, my boss said that since you don't agree that both parties will hold half of the shares and strongly demand the controlling stake, but you absolutely can't promise that your shareholding ratio will reach 75%, so we can't guarantee our own interests. undamaged."

"Our bottom line is to hold at least 45% of the shares, and you can share the remaining 55%, but you must ensure that Hutchison's shares are higher."

"Your thirty-five percent, we give up the absolute control, this is my bottom line." Feng Yu said lightly.

Many people mistakenly think that more than 50% has absolute controlling rights, but this is not absolute. Although you must be the chairman, you can't speak clearly.

The resolution of the general meeting of shareholders needs to be passed by more than half of the shareholders. However, the general meeting of shareholders must agree to more than two-thirds of the voting rights for major resolutions such as division, merger, dissolution, and revision of the company's articles of association. So 67% is the absolute controlling stake. I have the final say on the company, and I can let the company do what I want at any time.

If Feng Yu was a California consortium, it would be impossible to hand over the absolute control to outsiders. Feng Yu and He Huang must be a community of interests. If the two of them united, wouldn't they be able to lift their California consortium?

Now, even if the port is not expanded, there is still business to do, and it can still make money, but the profit will become less and less, and it will go downhill.

So they would rather make less money than give up all their power. Now I give you a position as an executive, and you will be slapped when you turn around. Who are they going to ask for reasoning?

Feng Yu directly stated this condition, to eliminate the other party's concerns, and to strive for the greatest benefit for himself. Since the port is going to be rebuilt, more money will definitely be made in the future, and with one percent more equity, it will be able to share a lot of money in the future.

Of course, it also depends on how much money they invest. Feng Yu and Hutchison don't care about the investment amount. If they can buy them all, they will pay a 30% premium. This is too important for Hutchison's global port layout.

"Feng, do you know what ports and terminals we have cooperated with this time? Do you know how much money you have to invest to dilute our equity to 35%?" Eric couldn't help but said .

Feng Yu glanced at Eric: "Oh, tell me, how much are your ports and terminals worth? This time not only we have to take out the money, but you also have to take out the money, otherwise your equity may be greatly diluted. It's thirty-five percent."

Tch~~ Feng Yu and Hutchison are willing to invest more than 10 billion U.S. dollars, or even 20 billion U.S. dollars, as long as there are so many ports that can be rebuilt for them.

How much is a small terminal in a port, just a few hundred million dollars, what is this to Feng Yu and He Huang?

Reed glared at Eric, complaining about his talkativeness. I am the main person in charge of this negotiation. You are here to assist me in negotiating the railway. What are you talking about?

"Feng, we also want to pay? This seems a little different from what we imagined. We followed the plan,

We will bring out the large terminals of five ports to cooperate with you, each of which includes berths, mechanical equipment, storage yards, warehouses, etc., and the value is at least 7.8 billion US dollars. You want to become a major shareholder, so the premium is not too much, right? Does that mean your investment will exceed US$10 billion? "

Even if the five ports are all calculated according to the highest price of 800 million US dollars, then the value is only 4 billion US dollars. In fact, Feng Yu knows that this quotation is already a premium. Now Feng Yu and the others are required to contribute more than 10 billion U.S. dollars, which is a lot of premium. These guys are very greedy.

Feng Yu looked at Li Zeju, and Li Zeju said: "What you want to take out are the ports in Los Angeles, Seattle, San Francisco, Long Beach and Oakland, right? The locations of these five ports are all good, but they are all very Old, we estimate its total price to be no more than three billion U.S. dollars."

"According to what you said now, you seem to have calculated it at six billion dollars. The premium is 100%, what a big appetite."

Li Zeju is a little annoyed. We really want to invest in ports in the United States, but we can't be taken advantage of. The annual profit of the port is only so much, not to mention that we have to invest so much money.

Even for the strategic layout, there is no such a waste of money. Feng Yu is not very clear about these situations, but they and Huang are very clear, and even He Huang knows every port in the United States very well.

"Reed, let me do the math for you. According to our plan to re-expand the port terminal, the cost of equipment update for each port terminal will be as high as seven or eight billion US dollars, not to mention that we need to pile up more yard, larger warehouses, larger berths, and even a modification of the water depth near the wharf.”

"Comprehensively, the cost of renovation of each port terminal may exceed two billion U.S. dollars. Of course, it will be no problem if we take out the ten billion U.S. dollars, but the value of the shares you hold will almost double. Do you think such a business Will we do it? So you also have to come up with a sum of money so that our investment can be equivalent."

Reed and Eric looked at each other. The renovation cost of each port terminal is more than two billion US dollars? This far exceeds the value of a wharf. What kind of big port wharf are they going to build?

Could it be that they also plan to annex other adjacent berths and storage yards? If this is the case, then the ports of the United States will be respected by the west coast, which will inevitably bring more profits, and their ports will become completely sleepless ports.

It's just that the cost of upgrading mechanical equipment is so high. They absolutely cannot agree to this because of the employment problem of workers.

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