Rebirth: Super Banking System

Chapter 763: Chapter 664: Crazy Acquisition (Please Subscribe!)_1

Immediately after reaching a collaboration agreement with Huawei.

These companies couldn’t stop expanding. Waving huge piles of cash, the three companies crazily acquired businesses on their shopping list, filling out the entire map of technology research, and development and production.

Of course.

Not all companies were acquired.

Because Huaxia, as the "world’s factory", wasn’t just bluffing. They were tough in the low-end technology field, but the future technologies and high-end manufacturing represented by these three companies were too costly to buy and revamp.

As a result.

Most of the funds invested in high-end manufacturing were used to buy land and build factories, while low-end manufacturing would buy off-the-shelf.

Good quality companies were not easy to buy, and probably not suitable even if bought. Hence, whether it was labs or factories, the preference was to build their own, acquire secondarily, and partnership investments were third.

About the grand actions of the three companies.

And the continuously growing loan limit.

Huaxia was delighted, as long as this money was flowing within Huaxia, whatever it was used for was acceptable. Pouring so much money would create employment, develop the regional economy, and increase tax revenues, with no harm done.

However.

The pile of cooperation plans submitted by Myanmar Manufacturing (Huaxia) Group had the higher-ups in a bind.

Zhiya Technology was better, most were plans to build new labs and other common projects, which wouldn’t disturb them. But the projects of the other two companies posed a problem.

Because the industries involved in the projects that Myanmar Manufacturing (Huaxia) Group submitted were significant, including six sectors: automobiles, the chemical industry, heavy industrial equipment, metal smelting, electrical equipment, and shipbuilding.

These six industries.

In Huaxia.

Could not just be pursued by registering a local company. Approval from above was needed, and the whole process could take up to a year, even being cut off halfway wasn’t strange.

But the most critical point was not this.

It was that for these projects, Myanmar Manufacturing (Huaxia) Group prepared to cooperate with Huaxia’s state-owned enterprises.

Such a significant matter.

Naturally required a meeting to discuss.

"This company is really demanding, haha."

If they were domestic enterprises, they could be ignored, just let them follow the process, and if private enterprises proposed to cooperate with major central enterprises, it would basically not be approved. That is because these industries required a huge investment, and those without the capacity to enter could only face death.

But this company was different.

This was a foreign state-owned enterprise, which directly facilitated the loan amount of up to 300 billion RMB for the Myanmar Kyat. Backed by Ling, the Myanmar Kyat big boss, they had to take these requirements seriously.

"They have written in the cooperation project that they will not massively enter the domestic market, mainly focusing on exports. I looked at the development plan of the Myanmar Kyat, it is ambitious, but there will be no significant changes in these high-tech or heavy industries fields, which mostly import. I believe Ling plans to use our technology and his relationships to win these orders." _{𝔫𝖔𝖛𝖕𝖚𝔟.𝖈𝖔𝔪}

"I also think so. Now the Myanmar Kyat will definitely see a big boom in the short term. Once the market matures, these industrial products will be very marketable. With Ling’s operations, he will certainly take a bite of the cake in these industries."

"Then should we agree?"

"Of course, we should agree. The products we produce will be sold to the Myanmar Kyat in the future, and we can earn foreign exchange, right? As long as there is no significant impact on the domestic market, once he breaks his promise, we can restrict it at any time with policy."

"Also, as long as they don’t enter the domestic market on a large scale, these cooperations are also acceptable; after all, they have paid. But I feel that if these plans are completed, their loan limit will be exhausted."

"Haha, a total investment quota of 900 billion RMB, such a large sum, so bold and ambitious. Nice, we can accept that."

The meeting ended quickly.

The answer given was as Tang Qing expected.

The higher-ups agreed.

As written in the plan, Tang Qing didn’t want to make money from his fellow countrymen in these industries. Firstly, there was no need; the vast global market was waiting for him. Secondly, why would he want to compete with domestic companies for business? And he definitely wouldn’t win.

Tang Qing wanted to compete with Western companies for business.

They were not wrong, these industries were ’high-end fields’ that the current economy and industry planning of Myanmar Kyat could not achieve. It took Huaxia decades to establish its industrial system, which was not something Myanmar Kyat could surpass in a few years.

Funds, research and development, education, etc., were all essential.

The Myanmar Kyat.

These industries will definitely not rise in the short term, so these enterprises are a valuable supplement. With Ling’s relationships, it would not be hard to take a bite of this cake. By leveraging Huaxia’s production capabilities and Zhiya Technology’s technology, these companies will become money trees.

So.

Two days later.

The Myanmar Manufacturing (Huaxia) Group established cooperation intentions with FAW, Huaxia National Power Grid, Huaxia Shipbuilding Industry Group, PetroChina, Sinopec, and Huaxia Second Heavy Machinery Group for the six central business enterprises.

One can say the starting point was very high.

These central enterprises were not particularly interested in this cooperation, but who could refuse when this company had money? Coupled with the instructions from above and in order to open up the Myanmar Kyat market, they agreed.

Because they did not place much importance.

And the market was mainly overseas, especially in a ’poor country’ like Myanmar Kyat.

So their stake requirements were not high. Eventually, after rounds of negotiations, and Tang Qing putting out nearly 100 billion RMB in cash, the controlling rights of these joint ventures were entirely in the hands of Myanmar Manufacturing (Huaxia) Group.

If they knew how profitable these companies would be in the future.

They would probably regret it.

...

November 25th.

Friday.

Evening.

Tang Qing finished reviewing the initial intention of the entire investment.

A smile appeared at the corner of his mouth.

Not bad, very good. Most of the shares were still in his hands, and those central enterprises were unwilling to even offer people, besides providing some production equipment and technical support. Under this circumstance, it was impossible to ask for more shares.

The shares in his hand were generally around 80%.

Tang Qing’s bottom line was 70%.

If it were higher, he would consider transferring the core profit projects back to the Myanmar Economic Zone in the future. If it were 80%, he wouldn’t mind letting Huaxia make some easy money in the future when dividing the cake.

Tang Qing had previously considered letting these central enterprises send some companies and personnel for joint cooperation.

But thinking of the common problems of central enterprises.

Getting annoying big shots to join would be more troublesome than rebuilding, even if it took longer. Anyway, Tang Qing was not in a hurry. The territory of the Asia Dollar was still regional, and it hadn’t even defeated the Myanmar Kyat yet.

There was still some time before the Asia Dollar’s golden age.

He was not in a hurry.