NOVPUB
Chapter 754: Chapter 655: Wan Qing Mining (Please subscribe!)_1
Three days later.
Operating under Alison.
The oil company was quickly established in Algeria.
Subsequently, the company submitted a purchase application to the Tamanrasset Province and the Algerian Ministry of Energy and Mining. Actually, it was not so much a purchase as an auction, because Algerian law stipulates that all sales of state-owned resources must be done in the form of auctions.
But for some agreed transactions.
It’s just a formality.
At the same time,
An offshore company called Wan Qing Mining Company was registered in Cayman Islands, and made a request to the Algerian Ministry of Energy and Mining to acquire Liande National Mining Company.
Along with the oilfields,
The two applications were to be submitted to the Algerian Parliament for review on November 15th.
...
November 15th.
Without any surprises,
These two applications were approved by the Algerian Parliament and the auction would start two days later, on the 17th, theoretically, such an auction would require a considerable preparation time.
But an oilfield deep in the desert,
And a mining company bordering on bankruptcy.
There weren’t many interested sellers, and with Alison and Bannon, as well as the governor of Tamanrasset Province, and the powers behind the three of them pushing in the parliament, everything became easier.
Therefore, there was no such thing as creating a hype to attract attention. Plus, there was already preparation for the sale in advance, with all the necessary data and materials. Once the purchasing company’s strength was verified, things could start immediately.
On the morning of November 17th.
In Shanghai Stock Market.
Fudan University.
Tang Qing was playing with a pen in the classroom.
Patiently waiting for the good news from Algeria.
He arrived late, and the seats in the back row were taken. He had to sit in the front row. Before, some girls had kept a place in the back for him, but Tang Qing really didn’t want to deal with any other women.
After a few times,
Everyone got to know Tang Qing’s character.
He was cold, only cared about his fiancee, didn’t even have much interest in talking to other women, but wasn’t unkind and treated everyone with politeness. This kind of Tang Qing drove the girls in class crazy.
Unfortunately, he was taken, and they could only fantasize about him.
Suddenly.
"Buzz, buzz, buzz..."
The vibration of Tang Qing’s mobile phone rang.
He took it out and saw that it was a call from Alison. Tang Qing’s mouth twitched in a smile. The auction was successful. The command room had also sent a message ten seconds ago that the oilfield was theirs for a total of 430 million US dollars.
This was the price for the fifty-year mining rights to the oil field. The rest of the money would be used to build roads, purchase equipment, establish factories, and fund the operation of the company. They might even need to inject capital later, but it wouldn’t be much.
Tang Qing looked at the teacher on the stage.
He nodded slightly in apology.
He got up and left the classroom. The teacher had completely stopped caring about Tang Qing, who was already very respectful by attending lectures. It was just a phone call after all.
He went to the corridor.
Answered the call.
"Alison, is it good news?" Tang Qing laughed.
Alison’s joyful voice came over: "Haha, of course, it’s good news, the oil field has been taken by our company. As long as we sign the agreement after the auction, the oil field will be ours."
"That’s good, does Ayman know?" Tang Qing asked.
"Hehe, of course, he knows. He’s right next to me. Isn’t that right, Ayman?" Alison pulled Ayman aside.
Ayman took the phone, "Tang Qing, I just arrived last night. I wanted to see the auction."
"Hehe, Ayman, you didn’t come to see the auction, did you? You came to see someone, didn’t you?" Tang Qing teased.
"I... No way, I just came to see the oil field." Ayman wouldn’t admit it.
"Do you think I believe that?" Tang Qing laughed.
Ayman knew he couldn’t out-talk Tang Qing and quickly changed the subject: "By the way, the auction for the mining company is about to start. Don’t worry, there won’t be any surprises.
Originally, there were two domestic companies intending to compete, but they were scared off by the generosity of your company. Tang Qing, such a large amount of resettlement, no lay-offs, and maintaining existing benefits, your company won’t lose money, but it won’t make any either.
You need to think about it carefully. If you ever change the rules, the workers could cause trouble and it wouldn’t do you any favors. You could possibly face a lawsuit, and the company can’t be sold within eight years, so it would be hard for you to get out."
Ayman couldn’t understand Tang Qing’s insistence on ’throwing money around’. He was simply helping the Algerian government relieve a burden. Tang Qing’s behavior was too strange for him.
"I understand, I just want the shell of this company. As you know, I included a clause in the acquisition conditions that within two years, all the company’s taxes can be completely exempted. I think I can still make a little profit," Tang Qing said.
Since this time I’m helping Algeria deal with some burdens, I’ve agreed to so many of your conditions, a little remission in taxes should be offered at last. What needs to be fought for still has to be fought for, but it can’t be too much, otherwise, there might show up some even more generous guys.
"..."
Ayman was speechless.
Tang Qing’s rationale was so refreshing. 𝓷𝓸𝓿𝓅𝓊𝓫.𝒸ℴ𝓶
After making a profit for two years, what would be the next move?
To bring this business back to life would still require a substantial investment. Ayman couldn’t understand it, but Alison, who was a seasoned businessman, couldn’t possibly have taken Tang Qing’s words at face value.
Could there be some major money-making opportunity within this company?
Alison speculated secretly.
Previously, he had thought that Tang Qing merely wanted some compensation.
However, these acquisition terms didn’t seem like requests for compensation. He had previously thought that Tang Qing would negotiate fiercely over acquisition price, sellable time limit, deductions for employee benefits, and tax relief period.
But Tang Qing didn’t argue.
Of course, it wasn’t as if Tang Qing argued for nothing at all. That two-year tax break was something Tang Qing fought for, but given the other conditions Tang Qing had agreed to, securing tax breaks for three, or even four years wouldn’t be a problem.
This made him examine the logic behind these actions more closely.
"Tang Qing, the auction for that mining company has started. If no one competes, it will be over very soon, so let’s stay on the line. The result should be out soon," Alison said.
"Alright."
Five minutes later.
Nothing unforeseen happened.
Neither there were that many unexpected things in the world.
That mining company was secured by Tang Qing for 131 million dollars, which was only one million more than the starting bid.
If it weren’t for the minimum bid increment being one million, he could have saved nine hundred thousand. The base price had been bid on by another company participating in the auction, probably due to Tang Qing’s company agreeing to terms without any bottom line.
"Tang Qing, did you hear? Your company got it. To celebrate, why don’t you come over here for a visit?" Alison invited.
"I’m still going to school, I don’t have time." Tang Qing shook his head.
What’s so fun about Algeria? Most of it is desert and Gobi. There seem to be no famous historical sites. Egypt next door has the Pharaoh’s pyramids to look at, though it’s just a pile of stones and not much to see.
Alison disappointedly said, "Alright then, come visit when you have the chance. We have to meet with Bannon now. I don’t like him, but we have to deal with him before he leaves office."
"Alright, you go ahead. I just got a call." Tang Qing’s mobile phone showed an incoming call from Dou Jiao.
"Okay, goodbye."
He switched to Dou Jiao’s number.
"Boss, the acquisition was successful."
Dou Jiao’s tone was excited, somewhat self-congratulatory. Although there was no service fee for acquisitions under Tang Qing’s company, they didn’t care at all. The fact that they could participate in the process was an impressive track record in itself.
This time, the two acquisitions involved over 500 million USD, more than 40 billion RMB. In this era, it was an honor they could take back and hang on the wall, especially knowing that one of Tang Qing’s partners was a Saudi Prince, which made them nearly jump for joy.
Their boss really had an extensive network.
He had influential and powerful friends both domestically and overseas.
With the addition of these two companies, if debts were not considered, Tang Qing’s assets were moving towards 10 billion RMB. At this rate, Tang Qing’s name would certainly be on the Huaxia Rich List in one or two years.
Tang Qing smiled, "Have them proceed with the planned reorganization and separation. I have commissioned a company to resurvey its existing deposits. I will contact Qu Shan tomorrow to prepare for reception. We’ll have a remote meeting this weekend afternoon."
Qu Shan was the president of Wan Qing Mining.
"Understood."
...
The next day.
The afternoon.
Bechar Province.
That gold mine Tang Qing was interested in.
A group of soldiers arrived with professional equipment. Seeing these people, the mine personnel, indifferent, pointed out the minerals’ location and each went back to cool off with an electric fan.
Because it was too hot.
But the soldiers didn’t fear the heat.
They drove a professional survey vehicle into the mining area.
These vehicles were products of scientists, specifically designed to survey various minerals. Today’s main task was drilling, deep excavation, then utilizing satellites in space to probe, first to confirm the depth of the mineral layer and the gold content, and then to estimate the reserves.
"Drill, drill, drill..."
Huge drilling equipment constantly drilled into the mineral deposit.
This was equipment designed and manufactured by scientists without regard to the cost. The drilling speed was astonishing, steadily burrowing down at a rate of five centimeters per second, while simultaneously spraying water to reduce the friction heat on the drill.
Suddenly.
A drill hole ten meters deep appeared.
The chunks of decorative minerals that were drilled out from beside the drill sparkled with gold. Any regular person would go crazy seeing this, but the soldiers had no interest in it all. They moved the equipment aside and pumped out all the water in the pit.
In an instant.
Below, the data of the mineral deposit was transmitted back to the command room via satellite.
Moving on.
Continuing to drill.
An hour later.
All the mine staff were replaced by incoming soldiers and given half a month of paid leave. Although they were puzzled by this, who would pass up a paid vacation?
One after another, they packed up their things and went home.
