Extraordinary Genius

At the same time the next day, Reed came and brought another person, and Feng Yu called Li Zechu to make his representative and Huang pronounce.

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

In the end, we have to work with Huang, and the plan is to make Huang Huang a major shareholder and the main management, Li Zeju appeared here, nothing is inappropriate.

“Feng, this is Lee, right? I'm Reed, this negotiator, and this is Mark Eric, my assistant. ”

The so-called assistant must also be sent by Reed's boss, except that everyone is good at different directions, and Eric should be in charge of the railroad, only nominally or predominantly on Reed's decision.

When coffee and tea are served, there are only four of them left in the room.

“Feng, Li, my boss said that, since you do not agree to each party holding half of the shares, you must not promise to hold 75% of the shares, so that we cannot guarantee that our interests will not be compromised. ”

“Our bottom line is to hold at least 45 percent of the shares, and the remaining 55 percent, you guys, but you have to make sure that the shares with Huang are higher. ”

“Thirty-five percent of you, we give up absolute control, that's my bottom line.” Feng Yu said faintly.

Many people mistakenly assume that more than 50 percent have absolute control, which is not absolute. You must be the chairman of the board, but you can't do anything.

More than half of the resolutions of the shareholders' meeting need to be adopted. However, the shareholders' meeting must agree to more than two-thirds of the voting rights on major resolutions such as the division, merger, dissolution and amendment of the articles of association of the company. So 67 percent, that's absolute control, and the company is up to me, and I can always get this company to do what I want.

If Feng Yu were a California consortium, it would not be possible to hand over absolute control to outsiders. Feng Yu and Huang must be a community of interests. If they joined forces, wouldn't they be able to override the California consortium?

Now it is the port, even if it doesn't expand, it has the same business to do, it can also make money, but the profit will be less and less, it will just go downhill.

So they'd rather make less money than give all the power away. Now give you a senior position, turn around and give it away. Who do they talk to?

Feng Yu made this condition clear directly and said that the other party's concerns should also be addressed in order to achieve the best interests for himself. If we're going to rebuild this port, we're going to make more money in the future, we're going to get more than a percent stake, and we're going to get more money in the future.

Of course, it also depends on how much they invest. Both Feng Yu and Huang don't care how much they invest. If they can buy it all, the premium is at all costs. This is too important for Huang's world port layout.

“Von, do you know what all the port piers we've come up with this time? Do you know how much you have to invest to dilute our equity to 35 percent?” Eric couldn't help but say.

Feng Yu glanced at Eric and said, "Well, how much are your port docks worth? Not this time, but if we're going to take out the money, you're going to have to take out the money, or your equity may be less than 35 percent diluted. ”

Feng Yu and Huang are willing to invest more than $10 billion, or even $20 billion, as long as there are so many ports to rebuild.

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

Reed glanced at Eric, some complained about his mouth, I was the main person in charge of this negotiation, you came to help me negotiate the railroad, what's the rush?

“Feng, do we have to pay too? This seems a little different than we thought. We will work with you at the big docks in five ports, including berths, mechanical equipment, stacking yards, warehouses, etc. valued at a minimum of $780 million. If you want to be a big shareholder, then the premium isn't too much, is it? So you're going to invest more than $10 billion? ”

Even if all five ports were at the highest price of $800 million, only $4 billion would be worth it. In fact, Feng Yu knew that the offer was already premium. And now Feng Yu and the others are investing more than 10 billion dollars, which is a lot of premium. These guys are greedy.

Feng Yu looked at Li Zezhu and Li Zezhu said, “What you're going to bring out are the ports in Los Angeles, Seattle, San Francisco, Long Beach and Auckland, right? The five port terminals are all very well located, but they are all very old, and we estimate them to be worth no more than $3 billion. ”

“Now, according to you, you seem to have calculated it on the basis of six billion dollars. The premium is 100 percent. That's a big appetite. ”

Li Zezhu is a little angry, we really want to invest in the US port, but we can't be the culprits. Ports make only a few profits a year, let alone invest so much money.

Even for a strategic layout, no one spends such unjust money. Feng Yu is not quite aware of these circumstances, but they and Huang are well aware, even with Huang, of every port in the US.

“Reed, I'll give you a check. With the re-expansion of the port terminal as planned, each port terminal will need to invest up to $780 billion in equipment upgrades, not to mention larger stacks, bigger warehouses, bigger berths, and even some modifications to the depths of the water around the terminal. ”

“Taken together, the cost of each port terminal could exceed $2 billion. If we take out this $10 billion, of course, but you have almost doubled the direct appreciation of your shares, do you think we would do that? So you also have to come up with a sum of money so that our investment can be worth it. ”

Reed and Eric looked at each port terminal for more than $2 billion? This goes far beyond the value of a pier, what kind of big port pier are they building?

Are they planning to annex other adjacent berths and stack yards? If that were to happen, then the ports of the United States would be respected by the West Coast, which would certainly generate more profits, and their ports would become complete nocturnal ports.

It is simply that the cost of retrofitting machinery and equipment is so high that they can never accept it, because of the problem of workers' employment.

……