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Chapter 752: Chapter 653: Gold Mine (Please Subscribe!)_1
When the news was reported back to Myanmar.
The upper echelons of Myanmar were so excited that they were ready to ’run wild’.
Everyone was gearing up to make a big splash, and it was at this point that the people of Myanmar learned that Myanmar’s large debt, although massive, was widely accepted, because the news reported it quite favorably.
Bridge construction and road repair.
Job creation.
Improving the environment.
And so forth.
All kinds of benefits were hyped up, and they even brought out China’s various economic data, lavishing praised to the extent one could almost think that Myanmar was about to catch up with China.
Fortunately, there is the example of the Myanmar Economic Zone.
They believe that Myanmar won’t do too poorly, as the news emphasized that this was a plan put forward by Zero, and the realization of it would be a collective effort from their various departments.
...
After settling Myanmar’s loan.
Lang Cai began a week-long inspection.
The focus of the inspection was China’s economic development and some technological achievements.
Zero stayed in Beijing and began the loan negotiations with the Myanmar Bank Group, and after a day of negotiation, the agreement was naturally reached, providing Myanmar Asset Investment Company with an investment account.
The first tranche of the loan was twenty billion RMB.
The promised ceiling was one and a half trillion RMB, meaning that under this ceiling, collateral value is the only consideration and other conditions, such as the repayment ability of the Myanmar Bank Group, don’t matter.
Because banks only want to collect the loaned money and do not want your collateral. In the range below one and a half trillion, Chinese banks will not consider whether you have the ability to repay but only examine the value of the collateral.
Once it exceeds.
It will follow the general loan process, and there wouldn’t be any reductions in the review items.
And it won’t be lessons, but even more rigorous and cautious, because the debt scale of one and a half trillion can make any company’s debt report look very ugly, and reaching this scale would make it hard to be touched by any bank.
Fortunately, Tang Qing didn’t care about these at all, because later on, China will gradually discover how terrifying the earning power of Myanmar Asset Investment Company’s investment projects is, and this ceiling is, in essence, purely nominal.
In summary.
The loan went smoothly, and there was no argument like with Lang Cai, because this money would not flow abroad at all, so there was no need to fight for quota. As long as the other terms are fine, there are no issues.
For this loan.
Even the Myanmar Military Service Company was mortgaged.
The collateral price is this twenty billion RMB.
The order contracts currently in the hands of Myanmar Military Service Company have exceeded two billion US dollars. The price of twenty billion RMB is not excessive, and China has no objections to this. As long as it’s within the range, it wouldn’t differ too much.
Being too serious benefits no one.
This twenty billion RMB loan.
Will be accounted for in the middle of this month, because the Chinese side also has to go through an approval process, and unlike the loan from Myanmar, even if it is faster, it is impossible to get it the next day.
...
Shanghai Stock Market.
Fudan University.
Tang Qing sits in the classroom daydreaming.
If this were before, twenty billion RMB would absolutely be a huge sum, even the current net worth of the richest person in China is probably just this amount, of course, this only includes the overtly rich, and not the covertly rich.
But now, this money isn’t that much.
This first investment.
Tang Qing had already made a decision.
That is to invest all in the field of high technology. Ordinary people invest in this field and the return period is too long, the risk is high, and they might lose it all, but Tang Qing has a massive number of scientists, and the return rate of investing in this area is definitely the highest.
Communication, semiconductors, automobiles, heavy industry, materials, energy.
These are the first directions for the fund’s usage.
Each can generate a huge output value, and they can complement each other, and generate a synergy with the industries of the Myanmar Economic Zone, forming a complementary relationship. When the future products go global, they will not only carry a Chinese identity but also a Myanmar identity.
It’s like finding a backer.
Very cost-effective.
The only thing that has to be given up is some tax revenue.
It’s just a trivial issue.
...
November 12th.
10 a.m. in the morning.
In the study of Tang Qing’s villa.
The bright wall in front of him was divided into two projection screens; one was Ayman, and the other was also dressed in a white robe, this person was Alison, the other partner in the oilfield project.
And also Ayman’s girlfriend’s brother. A large portion of Algeria’s population is Arab, and if Alison weren’t Arab, Ayman’s father would have snapped them apart long ago.
Obviously.
They were having a remote meeting.
This was also the first board meeting of the oil company.
However, Ayman’s face seemed a bit upset at the moment, and Alison looked somewhat apologetic at Tang Qing, who was lost in thought. For some reason, Tang Qing, who seemed younger than both of them, exerted great pressure when he remained silent.
Both of them were anxiously waiting for Tang Qing’s decision.
Tang Qing kept his head down.
Supported his chin with his hand, his fingers lightly tapping on the wooden desk.
His mind was pondering over what Alison had just told him.
As per previously received information, Bannon, the current Minister of Energy and Mines in Algeria, had already started to display his ’greed’. It’s impossible to finalize the transaction for such a large oilfield without Bannon’s consent.
He asked for a five percent stake without paying any money. This money would not be named after Bannon but his young son. It was his son who discreetly indicated wanting such stakes.
Alison had previously withheld this news, fearing it would scare off Ayman and potential investors. Normally, Alison would be liable for this dry stock, and Tang Qing and Ayman didn’t need to give up their shares.
Under such circumstances, there would just be one more shareholder, and the interests of Tang Qing and Ayman wouldn’t be affected.
But, the issue was somewhat complicated.
It was due to the conduct of Bannon’s young son.
The last foreign company that his son had stakes in had eventually been kicked out by all other shareholders in collaboration with local powers, leaving the company in his son’s hands.
If it were a domestic company, it would be fine.
They wouldn’t have such ideas.
But over these years, foreign companies where foreigners were the major shareholders were all kicked out in this mode.
This piece of news
Was not reported by Alison before.
Instead, Tang Qing, who had gathered this intelligence, had mercilessly discredited Alison’s long speech about assuming this dry stock. The smile froze on his face when he was exposed by Tang Qing.
Alison desperately tried to explain that since Bannon’s time in power wouldn’t last long, his son wouldn’t have the time or the ability to manipulate. At the same time, he was disoriented by Tang Qing’s intelligence.
That was, how had Tang Qing known that Bannon was interested in this oilfield?
Ayman came to know about this only now and was quite upset about Alison’s cover-up of such critical information. Alyson had even been thinking of making money in collaboration with Tang Qing. Tang Qing had decided to invest out of trust in him, but this unexpected development annoyed Ayman a lot.
Seeing the expressions on their faces-
Tang Qing actually felt like laughing on the inside.
Only, he couldn’t show it.
Alison is right, too. Once Bannon steps down, his son will have no power to cause trouble. I still decide to invest. Ayman, don’t blame Alison. I brought up this issue only to ensure sincerity amongst us.
In the future, if there are any difficulties, let’s discuss it together and find a solution. Concealing things will only lead to potential troubles. Just like this issue, if I had known about it earlier, I would definitely have been prepared, instead of being left in the dark. Alison, take note of this next time, understand?" said Tang Qing in a somber tone.
A warning had to be given.
Upon hearing this-
Tang Qing’s image immediately towered over the others.
Ayman admired Tang Qing’s integrity.
Whereas, Alison was grateful for Tang Qing’s generosity. He nodded immediately and said, "Yes, yes, absolutely not next time. Tang Qing, please trust me. If his father were in power, I can’t guarantee it. But once his father steps down, I won’t fear him at all."
"That’s good, Alison, I have another matter that I want to trouble you with." Tang Qing’s main point was here now.
Without thinking, Alison immediately replied, "Please tell me about it. If it is within my power, I’ll definitely help."
Tang Qing laughed.
"I plan on investing in mineral resources in Algeria. I heard that the Liande National Mining Company in Bechar Province is about to divest. I am very interested and hope you can help me handle this."
This was a national Algerian mining company on the verge of bankruptcy. It mainly ran iron, gold, and copper mines, but primarily iron mines. Gold and copper mines only accounted for less than ten percent.
The reason for its bankruptcy-
was that it experienced a mining disaster in Italy.
A hefty fine was like adding insult to injury for this already corrupt company. Due to the mining disaster, the largest ore importer, a British company, used this as a reason to break the contract and indefinitely postponed it. During this period, it turned to purchase iron ore from Brazil’s Vale.
The atmosphere of the ’trade’ was very rich within the company.
This company has already stopped operations for a month.
Therefore, Algeria has been thinking about selling this company, not just because it doesn’t make any profit, but also because the corruption inside is too severe, the production efficiency is low, and the equipment is outdated. They might as well sell it and develop something else.
Why was Tang Qing interested in this company-
Because of the open pit gold mine in Bechar Province, owned by this company.
However, the output was not high and was not given much attention. But a few days before, the satellite scanning found a high-content gold mine five meters underground from the current mine operation surface, which displays a conical radiation shape downwards.
No one knows how deep exactly.
Tang Qing also found it weird why it went into bankruptcy without figuring out the reserves before. The company got into this embarrassing state. Then he sent people to find out and the result made him unsure whether to laugh or cry.
It turned out that Algeria had preferential treatment for state-owned enterprises and they all had a secure income regardless of weather. The drive to increase a company’s market value was not that high.
Therefore, many mineral reserves would start being excavated as soon as they were discovered, especially precious metals. Mining just meant money, and it didn’t even cost as much as iron mine equipment. As a result, there was no scientific exploration of this gold mine’s reserves. It was their own, and all they needed to do was to dig downwards.
Now-
Apart from Tang Qing’s interest in this company due to reasons similar to ’opening a treasure chest,’ he wanted to use this company as a fulcrum, along with its ’foundation’ and mining qualifications, to officially enter Algeria’s mineral field.
This could save a lot of trouble.
