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Chapter 753: Chapter 654: About to be rich (Please subscribe!)_1
Upon hearing Tang Qing’s intentions to acquire a state-owned mining company in Algeria, Alison was taken aback.
Considering the recent events, Tang Qing should be acting cautiously towards the investment environment in Algeria, especially towards mining and energy sectors. Yet, it seemed he intended to increase the scale of the investment. Alison was puzzled.
Ayman, on the other hand, did not have time to dwell on such thoughts and hurried to warn, "Tang Qing, have you considered this thoroughly? We should not make hasty decisions." The recent circumstances had caused significant concern for Ayman about the current investor climate in Algeria’s mining and energy sectors.
Had it not been for the backing of the Saudi royal family, he might’ve considered giving up on the project.
Tang Qing just smiled at this.
This deal offered a significant possibility of major earnings.
However, he could not explain this to the two of them.
So, he casually replied, "Ayman, don’t worry, I know what I’m doing. Besides, I’ve looked into this company. As long as internal issues are resolved, it should soon become profitable."
Ayman wanted to object, but seeing Tang Qing’s confidence, he knew that Tang Qing had made up his mind. Such a man’s decision could not be swayed easily.
At this point, it seemed Alison had understood something.
Tang Qing was likely using the opportunity of Bannon’s son wanting to buy into the oil company as leverage to have Bannon agree to let Tang Qing acquire the mining company at a low price as a form of insurance and compensation.
Bannon probably didn’t know whose 5% share was given up.
If Alison claimed that the share was provided by Tang Qing, it could potentially lead to massive price concessions during the acquisition process. Compared to the oil company, Bannon likely wouldn’t mind giving up the mining company, which was already in a crisis and might even facilitate the process.
In other words, Tang Qing was using the ’share transfer’ of the oil company to get the mining company at a low price, securing a potential compensation to offset future risks associated with the oil company’s stocks.
Yes.
That must be it.
Alison was convinced he had cracked Tang Qing’s investment logic—taking this opportunity to secure an insurance that could minimize potential future losses. He found Tang Qing’s idea quite astute.
"Tang Qing, you really want to acquire this mining company," Alison asked, his eyes piercing as if he had seen through Tang Qing.
Tang Qing nodded, "Yes, I am quite interested in this mining company. However, I am not very familiar with your legal and governmental processes. I will need your assistance."
Alison agreed immediately, "Don’t worry, I’ll handle this for you. With Bannon getting shares in the oil company, helping you acquire this mining company at a low price shouldn’t be difficult."
"Thank you. I await your good news," Tang Qing said with a smile.
"Don’t mention it. I’ll contact Bannon’s son as soon as possible and get back to you," Alison was keen to help. He thought helping Tang Qing acquire the mining company would make amends for not reporting earlier.
Tang Qing laughed heartily, "Great. Now that the shares issue has been settled, the oil project enters the implementation stage. Our management team will start the preparations. Let’s look forward to a successful collaboration."
"To a successful collaboration."
Tang Qing raised his glass.
Following Tang Qing’s lead, who drank fruit wine as if it were a beverage, the other two poured half a bottle each into their cups. They did not dare guzzle like Tang Qing but did not want to be outdone either. In celebration of the collaboration, Tang Qing also promised to send each of them five boxes of fruit wine.
No unnecessary words were exchanged. Given the different time zones they were in, it was almost midnight for Ayman. He had yawned six times during the chat alone.
With the communication ending, the rest was up to their subordinates.
The people of Sky Eye were ready to set off for Algeria at a moment’s notice.
......
Algiers, Algeria.
The seaside.
A luxurious, high-rise, apartment-style residence on the fifteenth floor.
Alison watched the sunset over the Mediterranean Sea from afar.
The sun had sunk behind the clouds on the horizon, and in half an hour it would be darkness. The morning in Huaxia was evening here in Algeria. Both men had scheduled the meeting according to Tang Qing’s convenience, who was their biggest shareholder, and thus based in Huaxia.
Before this, he had simply assumed that Tang Qing was just another rich, naive second-gen from Huaxia.
But in that instant.
The data that Tang Qing revealed had completely shattered his previous impression. Even Ayman had not discovered the information in those documents, half of it was even unknown to him.
No matter how Tang Qing had obtained that information.
One thing was certain.
This man was not some thoughtless socialite.
Although he was somewhat embarrassed earlier, this time he was indeed in the wrong, having concealed important facts. It was only natural for others to take a shot at him. He hadn’t reached the point of self-importance yet.
He thought about Tang Qing’s acquisition request.
Alison immediately got in touch with Bannon’s son.
"Alison, how is it, has that Huaxia agreed?" A frivolous voice came over the line.
Alison loathed this voice, but who could blame him when the speaker had such a well-connected father? "He’s agreed, but he has a small request. He wants to buy the Liande National Mining Company in Bechar Province."
"Wait a minute; I need to check what company this is."
Five minutes later.
"Okay, as long as the price is right," he responded. This company was on the brink of bankruptcy which was fine by them. Currently, the Algerian government also wanted to sell it, but not many parties were willing to take it on. This time, they would lower the price to justify the shares Tang Qing had agreed to release.
In the future, they can proceed with less guilt, thinking, ’I’m really too kind.’
Alison let out a sigh of relief, "That works. I hope to expedite this transaction; his people will arrive the day after tomorrow."
"Once the shares of the oil company are confirmed, let them direct their application to the Algerian Ministry of Energy and Mining. My father will submit it to parliament for deliberation. I think there will be a result within a week at the latest."
He was familiar with this mode of operation as he had done it several times before.
"Okay."
After hanging up the phone.
Alison conveyed this message to Tang Qing.
Tang Qing was very pleased.
Alison was very efficient.
It seemed he would have to scrape together the acquisition funds. Luckily, the acquisition price of this mining company was not high, at most around 1.5 billion dollars. He could just siphon it out of the Myanmar Bank in the same way.
Tang Qing passed on this new task to Sky Eye.
They were to carry out this task as soon as they were done with the oil company.
Once Dou Jiao received the email, she was once again shocked by the investment amount.
Was Tang Qing addicted to buying things?
1.5 billion dollars.
Almost 12 billion RMB.
Did all rich people like playing this way?
Dou Jiao immediately made a phone call.
"Boss, are you sure you want to buy a company that is on the brink of bankruptcy? You should know this is a state-owned mining company in Algeria and the terms of acquisition will definitely include conditions such as reassigning current employees, no layoffs, and so forth. As per the email you sent, you are also aware of the chaos within the company. Even if we marginalize them, we cannot fire them, and it’s going to take quite a bit of money to maintain them, not to mention the potential risks. Also, the assets of this company do not include any high-quality mineral deposits."
Sky Eye has not extended its reach to Africa yet.
So Tang Qing had to share the limited information he had gathered through his command room with Sky Eye.
Tang Qing explained: "I know. When the time comes, I will restructure the company and assign it to a new company name. I will split the domestic and overseas industries, and as for those people, I will reassign them to the industries after the split, letting them out of sight out of mind."
"But how will we make a profit? You’re planning to invest heavily in those mines over there, but this money..." Dou Jiao was truly worried about Tang Qing’s financial flow. With such a method, perhaps not even Tang Kai could sustain it.
"Don’t worry, we will have money soon," Tang Qing said full of confidence.
"What do you mean?" Dou Jiao was puzzled.
"It’s a secret for now, Sister Jiaojiao. You just need to know, once we have secured this mining company, we will soon have money to spend." Tang Qing was very confident.
As long as he secured this company, the output from that gold mine shouldn’t be too bad, given that the preliminarily explored area alone, if purified, would yield nearly seven tons of gold.
No matter how the purchase goes, he would recover at least half of the purchase price. Once a rich golden layer exists below, he would make a killing.
"Well...okay then."
if Tang Qing didn’t explain, Dou Jiao didn’t feel it was appropriate to ask. If it were an ordinary matter, Dou Jiao would have to probe until she understood. But regarding such high-level capital operations, the boundaries between superior and subordinate must be clear.
She would find out sooner or later.
She just hoped Tang Qing wouldn’t play too far.
"Goodbye, it’s almost noon, get something to eat."
"You’re just trying to make me jealous, hmph."
"..."
After hanging up the phone.
Tang Qing, humming a little tune, walked out of the study.
